Settlement in the Wallis area began in the late 1830s. In 1880, when the Gulf, Colorado & Santa Fe Railway built a spur from Galveston to Temple, circumventing Houston, the community became known as Wallis Station and later Wallis, after a rail company executive. As the population grew with new residents and businesses, the community's need for a bank became apparent.
January 10, 1906, a group of Wallis citizens organized the Wallis State Bank. The original organizers and directors were D. N. Harris, F. D. Brandt, L. Tillotson, J. H. Thompson, J. F. Walters, W. A. Matthaei, J. W. Johnston, C. J. Dabney and R. W. Guyler. The first president of the bank was D. N. Harris, with a total of 13 presidents over the past 100 years. Two of the original organizers, Dabney and Guyler, later served as presidents of the bank. J. F. Esterak was elected president in 1932 and served until his retirement in 1967. His length of service, 31 years, is the longest of the 13 presidents. Theo Viaclovsky advanced to the presidency in 1964 and served until 1978. The flagpole in the front of the main bank building was erected in his memory, by members of his family.
Wallis State Bank began operations in a wooden frame building where it remained until 1912, at the time a two-story brick building was erected. The Board of Directors leased portions of the second floor to the justice of the peace and a Masonic lodge. This building served as the bank's home for the next 46 years until the present building was constructed in 1968, which replaced the old two-story structure. There have been a number of major modifications to enlarge the main office, as the bank has grown and expanded over the years.
On June 14, 1976, the bank became a member of First City Bancshares. In 1989, the bank became a member of Louise Bancshares. During that time, C. J. Overgoner, William R. Jenkins, and Michael Turner served as presidents of the bank.
After new ownership took over the Bank in the early 1990s, the Bank has expanded by opening branches and offices in Houston, Dallas, San Antonio, Fulshear, Los Angeles and Austin.
The goal of Wallis State Bank is to continue to provide quality financial products and services with an irreplaceable personal touch that has been developed through more than a century of experience.