Bancaffiliated Inc - BAFI

BancAffiliated, Inc. operates as the holding company for Affiliated Bank, which provides various financial services in Texas. The bank accepts savings accounts, money market accounts, NOW accounts, noninterest bearing demand deposit accounts, and time deposit accounts. It also offers construction and development loans; commercial business loans; commercial real estate loans; and permanent loans secured by first mortgages on owner occupied, one- to four-family residences. The bank also originates automobile loans, various consumer loans, and multifamily residential loans. The bank invests in federal home loan bank stocks, mortgage-backed securities, and collateralized-mortgage obligations. As of June 30, 2003, the bank had one banking office primarily serving Tarrant County, Texas. The company was founded in 1959 and is headquartered in Bedford, Texas.