Gary D. Witherspoon

Part of FNBK Holdings, Inc., The First State Bank (Rice, Texas) operates as a commercial bank. The company is based in Rice, TX. The First State Bank (Rice, Texas was acquired by The First National Bank of Kemp (Texas) from Rice Bancshares, Inc. on July 01, 2022. The company was founded in 1928. The CEO is Michael J. Montgomery.

Advantage Insurance Inc. underwrites specialty insurance contracts and provides related insurance services to business owners and high net worth individuals for their risk management and financial planning needs. It operates through the following segments: Life Insurance, Business Insurance, and Corporate. The Life Insurance segment covers private placement life insurance policies and annuity contracts. The Business Insurance segment provides customized risk finance, risk protection, and risk transfer solutions for small and medium-sized businesses using captive insurance and other alternative risk transfer methods. The Corporate segment involves in administrative and organizational support services to its active insurance businesses and operates its holding company structure. The company was founded by Ian Kilpatrick in 1993 and is headquartered in San Juan, Puerto Rico.

Rice Bancshares, Inc. operates as a bank holding company. The firm through The First State Bank, operates four full service banking locations in low to moderate income tracts in Dallas. The company was founded in 2006 and is headquartered in Rice, TX.

The First National Bank of Kemp was established in 1901 and currently operates from its headquarters at 100 S. State Highway 274 in Kemp, Texas, approximately 45 miles southeast of Dallas. In addition, FNB maintains a branch at 316 Seven Points Drive in Seven Points, Texas. As of September 30, 2014, FNB had total assets of $53.9 million and total deposits of $47.2 million. It is the only local financial institution headquartered in Kemp and ranks 9th in market share in Kaufman County with 2.85% of the market for deposits.