The story of Colonial Savings is a profoundly American one. James S. DuBose founded Fort Worth Mortgage (now Colonial National Mortgage) in 1952 to provide residential home loans to the growing post-war communities of North Central Texas. A two-man shop grew steadily over the next 20 years, fueled by DuBose's enthusiasm and relentless focus on one goal: delivering the most competitive home loans with the most personal service.
In 1972, DuBose purchased Colonial Savings, a Savings & Loan located in Lewisville, Texas. He now had an expanded financial portfolio with which to operate and he took immediate action. After moving Colonial Savings to Fort Worth, he expanded the company to originate mortgages throughout the Southwest and beyond. At the same time, DuBose recognized the value of integrating the services he offered his customers. By offering banking, mortgages and insurance under one corporate roof, he gave his customers a more convenient method for handling their personal finances. The concept flourished.
In stark contrast to many financial institutions that failed during the 1980s, Colonial Savings thrived. Guided by a conservative approach and sound financial management, DuBose continued his focus on single-family home loans, personal banking and insurance services while others chased speculative opportunities. Colonial Savings emerged from the turbulent 80s stronger than ever, making James S. DuBose a legend in the financial industry.
Today, the Colonial family of companies is a comprehensive, national financial corporation with more than 600 employees, offering mortgage, banking, life, property, and title insurance services. We are particularly proud of the long tenure of many of our employees, indicating Colonial as not just a great place to do business, but a great place to work as well.
With a mortgage servicing portfolio exceeding $14 Billion and total assets of approximately $1 Billion, Colonial is now among the largest mortgage servicing companies in the country. The company is privately held - by choice - ensuring our focus remains on our customers and not the expectations of Wall Street.
As we approach our 60th anniversary, the Colonial family of companies is still regarded as one of the most sound and stable financial institutions in the nation - a position earned by doing the right thing for our customers every day for nearly six decades. We appreciate your business and look forward to serving you well into the future.
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