Texas Community Bancshares, Inc. is a holding company for Mineola Community Bank, S.S.B. (the Bank). The Bank’s business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank of Dallas, in residential real estate loans and commercial real estate loans and, to a lesser extent, commercial loans, construction and land loans, and consumer and other loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government sponsored enterprises and others, state and municipal securities, collateralized mortgage obligations, and Federal Home Loan Bank stock. It offers a variety of deposit accounts, including checking accounts, money market accounts, savings accounts and certificates of deposit accounts. Its market areas include Franklin County, Hopkins County, Smith County, Van Zandt County and Wood County.
