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Our Story: A Bank Rooted In The Community Since 1913 – First Freeport National Bank builds a new three-story building on the corner of Cherry Street and 2nd Street in Freeport, Texas. 1970 . First Freeport Corporation, a bank holding company, is chartered to serve as a base to expand. By this year, deposits had grown to $30 million and loans were at $17.5 million. 1973