Broadway Bank History

Broadway Bank is the largest independently-owned bank headquartered in San Antonio

Broadway National Bank Enjoys a Rich History

Since its beginnings in 1941 as San Antonio’s first suburban bank, Broadway National Bank has always been a trendsetter, introducing innovative financial policies that helped shape modern banking.

Today, Broadway is the largest independently owned bank headquartered in San Antonio. But it began in a small store front in Alamo Heights, founded by a military officer, Col. Charles E. Cheever, Sr., and his wife, Elizabeth Cheever. They envisioned a financial institution that would serve the hundreds of military families who were migrating to San Antonio because of the war effort, and the businesses that would serve those new residents.

The founders' son and chairman emeritus of Broadway Bancshares Inc., Charles E. Cheever, Jr., remembers the bank's modest beginnings as "a very difficult period." After opening the bank, Col. Cheever was called away to Europe, where he spent the war years working as a judge advocate for Gen. George S. Patton. Mrs. Cheever, in her son's words, was left "to hold things together" at home and at the bank, serving on the board of directors until her husband returned.

In succeeding decades, Broadway Bank set numerous "firsts." In 1959 it was the first San Antonio bank to establish a mortgage lending division, and it was the first to extend its banking hours to help working families.

In 1983, the bank was the city’s first to offer on-site brokerage services. Broadway’s successful Wealth Management Division was established in 1984. In 1996, Broadway Bank acquired banking centers in Fredericksburg, Kerrville, Boerne, Castroville, Hondo and Seguin, Texas. In 2005 the bank acquired Balcones Bank, S.S.B. with banking centers in San Marcos, Wimberley, Kyle and Buda.

As Broadway National Bank continues to maintain its commitment to providing traditional and innovative products and services, it will always strive to stay ahead by looking to the future, remembering the past, and concentrating on what is best for the customers.

Jim D. Goudge CEO & Chairman Broadway Bank	James D. Goudge CEO & Chairman A graduate of the University of Texas in Austin, Goudge worked for the National Bank of Commerce, Allied American Bank and Kelly Field National Bank, prior to joining Broadway Bank as lending division manager in 1989. He was named president/CEO in 1998 and promoted to CEO/Chairman in 2001. Goudge serves on the Board of Directors of the Alamo Public Telecommunications Council (KLRN) where he is also on the Executive and Finance Committees. He is Chairman of the Government Relations Council of the Texas Bankers Association for 2005-2006. He was recently appointed to serve as a member of the Federal Advisory Council to represent the 11th Federal Reserve District. He is on the Board of Directors of the United Way and also on the Executive Committee.
Joe C. McKinney Vice Chairman Broadway Bank	Joe C. McKinney Vice Chairman As Vice Chairman of the Board since October 2002, McKinney focuses on business development for the Commercial Lending and Private Bank Divisions. McKinney retired in March 2002 as Chairman and CEO of JPMorgan Chase Bank (formerly Chase Manhattan Bank and Texas Commerce Bank) – San Antonio Region with over 28 years of banking experience. He holds a degree in Economics from Harvard University and a MBA in Finance from the Wharton School at the University of Pennsylvania. He is former Chairman of the San Antonio Economic and Development Foundation and Executive Committee and serves on the boards of the Cancer Therapy and Research Center, the Southwest Foundation for Biomedical Research, the Greater San Antonio Chamber of Commerce, and Texas Lutheran University.
Shaun D. Kennedy President Broadway Bank	Shaun D. Kennedy President Joining Broadway in 2001, Kennedy most recently worked as the National Sales Manager of Private Client Services for Bank One Corporation. He is a graduate of Bradley University in Illinois and holds a MBA from Illinois State University. Kennedy serves on the Board of Directors of the San Antonio Children’s Shelter and is a member of Central Texas Chapter of the Young President’s Organization (YPO). He was selected as a 2003-2004 Leadership San Antonio XXIX participant.