Earlier today, Bill Nesbitt, chairman and CEO of Central National Bank, announced that Drayton McLane III has been elected to the board of directors of Central National Bank and its holding company, CentraBanc Corporation.
McLane III, a native of Temple, Texas, is a 1996 graduate of Baylor University. Before joining the McLane Group in 2006, he spent two years with MBNA Bank in Dallas and seven years with Lone Star Plastics in Garland. Today, he serves as the executive vice president of McLane Group and several subsidiary companies.
“We are extremely pleased to have the McLane family invest in the future of Central National Bank,” said Nesbitt. “The McLanes are well known around Texas, not just for their business acumen or their philanthropy, but for their compassionate spirit and extraordinary character. We look forward to Drayton’s service on the board and the qualities he’ll bring to the bank in his role as a director.”
The McLane family joins the Beard, Chase, Clifton, Kultgen, Nesbitt, Olson, and Rapoport families, all of whom have maintained ownership in the bank since 1998. Central National Bank was purchased by five of the current eight families in 1987 and soon became one of Central Texas’ leading independent banks. Since that time, the bank has steadily grown from $67 million to $710 million in assets.
About Drayton McLane III
In addition to his role with McLane Group, Drayton McLane III is the CEO of Classic Foods, a Fort Worth kettle-cook company that specializes in the manufacturing of chili, soups, sauces and other food products to stadiums, restaurants and convenience stores. He also serves as chairman of Sports in Action, managing and operating the Dave Campbell’s Texas Football brand, the AT&T Red River Shootout and the University Interscholastic League. McLane is an active member of the Temple community, completing Leadership Temple in 2008, and currently serving as a board member for the Temple Economic Development Corp., the University of Mary-Hardin Baylor and the Baylor Scott & White Central Texas board of directors. Currently, he serves as campaign chairman of United Way of Central Texas. He and his wife, Amy, live in Salado and have three sons.
About Central National Bank
Central National Bank is a family-owned, independent bank headquartered in Waco, Texas. With just over $710 million in assets and banks located in Waco, Temple and Austin, Central National Bank services customers throughout the Central Texas I-35 corridor. Founded as a “neighborhood bank,” Central National Bank still aims to provide uniquely personal service while simultaneously embracing the latest developments in banking technology.
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