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.
“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.
D-FW Real Estate News
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.”
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.
The bank said it is committed to reinvesting in high-density neighborhoods where demand for relationship-based banking is rising.