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Woodforest National Bank is a privately held bank headquartered in The Woodlands, Texas. As of March 2020, it had more than 770 [ 3 ] branches in 17 different states. [ 4 ] Woodforest National Bank is Walmart 's largest retail partner, and also provides financial services for Sam's Club members.
Robert E. Marling Jr. (born c. 1956) is an American banker and business executive. He served as the chief executive officer of the Woodforest National Bank from 1990 to 2015, and as its chairman from 2004 to 2015.
Cathleen H. "Cathy" Nash (born c. 1964), is an American banker and business executive. She was the chief executive officer (CEO) and president of the Woodforest National Bank, a private bank present in 17 states.
Woodforest National Bank (based in the nearby development of The Woodlands, Texas) bought the rights to the name for $1 million from Conroe Independent School District, the stadium's owner. In 2018 and 2019, Woodforest Bank Stadium was the site of the NCAA Division III Football Championship .
In 1989, Kendrick became the principal investor in Woodforest National Bank in The Woodlands, Texas, which is one of the nation’s largest primarily employee-owned banks. [8] Woodforest National Bank, a $9-billion entity with 5,000 employees, is a subsidiary of Woodforest Financial Group. [9]
The advantage of holding a National Bank Act charter is that a national bank is not subject to state usury laws intended to prevent predatory lending. [6] However, in Cuomo v. Clearing House Association, L. L. C. , the Supreme Court ruled that federal banking regulations do not preempt the ability of states to enforce their own fair-lending ...
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