Harmony Bank Expands into Dallas’ Medical District
A Dallas bank is expanding into the Medical District, capitalizing on the momentum of a series of mergers and acquisitions to bolster its local market share.
Earlier this week, Harmony Bank, which is headquartered in Uptown, broke ground on its newest location at 5000 Maple Ave., in Dallas’ Medical District, south of Love Field.
Commitment to Serving Underbanked Communities
“Our collaboration with City Councilman Jesse Moreno was instrumental in securing this prime location,” a bank spokesperson said. “Harmony has a long-standing commitment to serving underbanked communities, and this new opening is a testament to that dedication.”
Harmony noted the new location would include Spanish-speaking staff to support customers.
History of Mergers and Acquisitions
In 2022, the bank — called the First National Bank of Kemp at the time — bought First State Bank of Rice and merged the organizations together, rebranding as Harmony Bank.
That same year, Harmony announced it was merging with Texas Brand Bank of Dallas with $700 million in combined assets.
At the time, William Lowe, Harmony’s Dallas market chairman, president and CEO said the merger will allow the banks to “double our lending limit and acquire additional digital banking options, giving us the ability to provide greater service to current and future customers.”
Financial Growth and Expansion
Since then, the bank’s assets have risen to $822 million as of the first quarter of 2025 — the latest available data from the Federal Deposit Insurance Corp. That’s a $38 million climb from the previous quarter, and a nearly $80 million climb from the first quarter of 2024.
The bank’s deposits total $670 million, up from $576 million in the first quarter of the previous year.
The expansion into Dallas’ Medical District brings Harmony’s North Texas footprint to 12 locations — its first ground-up development since becoming Harmony Bank.
The new location, which is set to open in 2026, is part of Harmony’s plan to scale from a community bank into a regional player.
Reinvesting in High-Density Neighborhoods
The bank said it is committed to reinvesting in high-density neighborhoods where demand for relationship-based banking is rising.
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Conclusion
In conclusion, Harmony Bank’s expansion into the Medical District is a significant step forward for the bank, demonstrating its commitment to serving underbanked communities and reinvesting in high-density neighborhoods. With its growing assets and deposits, Harmony Bank is well-positioned to become a major player in the regional banking scene.
Frequently Asked Questions
Q: What is Harmony Bank’s new location in the Medical District?
A: Harmony Bank’s new location is at 5000 Maple Ave., in Dallas’ Medical District, south of Love Field.
Q: What is the expected opening date of the new location?
A: The new location is expected to open in 2026.
Q: What is Harmony Bank’s commitment to serving underbanked communities?
A: Harmony Bank has a long-standing commitment to serving underbanked communities, and the new location is a testament to that dedication.
Q: How many locations does Harmony Bank have in North Texas?
A: Harmony Bank has 12 locations in North Texas, including the new location in the Medical District.
