DANVILLE, VA. — Casey Crawford, a former NFL tight end and the co-founder of industry leader Movement Mortgage, has recapitalized and led a major rebranding initiative to launch Movement Bank, a community bank focused on loving and serving people.
Crawford became the majority shareholder of the former First State Bank in Danville, Va., in June and was named chairman of its board of directors. The bank today officially changed its name to Movement Bank and adopted a new strategy to expand into additional markets, develop improved products and services for consumers and businesses and change how Americans are served by banks.
“Movement Bank will make banking an enjoyable and empowering experience at a time when many banks have done just the opposite,” Crawford says. “Too many banks profit from cycles of dangerous debt that are destructive to the very people they’re supposed to be helping.”
Movement Bank will empower people to become financially healthy, with a focus on a simple, efficient customer experience and a product suite that helps customers establish healthy financial habits and reach financial goals.
Crawford’s investment in Movement Bank is the latest step in a career spanning football, financial services and nonprofit work. His stint in professional football included a Super Bowl ring as a member of the 2002 Tampa Bay Buccaneers. He played for the Carolina Panthers from 2000 to 2001. In 2008, he founded Fort Mill, S.C.-based Movement Mortgage, which is one of the 10 largest purchase mortgage lenders nationwide. His nonprofit Movement Foundation has invested more than $27 million in Movement School charter school, the Movement Center, a nonprofit coworking space, and Elhanan, an 1,100-acre nonprofit farm in Uganda.
Rich history, bold future
Founded in 1919 by African-Americans who mainstream banks refused to serve, Movement Bank has a special place in the history of American finance. Originally known as Savings Bank of Danville and later First State Bank, the institution broke down walls to provide access to credit to those who had been denied, stood for equality during the civil rights movement and helped numerous families become homeowners, entrepreneurs become business owners and students become college graduates.
“For 98 years, our bank has stood for progress in the face of resistance. Our next chapter will build on this legacy,” Crawford says. “We have a lot of work ahead of us, and today is just the beginning, but Movement Bank will strive to improve our current financial system by changing what it looks like for a bank to serve people.”
Movement Bank’s unique heritage has been preserved and detailed on a special web page honoring the bank’s legacy. Learn more at movementbank.com/history.
Expansion plans call for Movement Bank to open loan production offices in various locations across Virginia and the Carolinas. Details on new and updated product offerings will be released in the coming months.
Movement Bank will be owned and operated independently of Movement Mortgage, Crawford’s industry-leading mortgage company. Crawford will serve on Movement Bank’s board, but the day-to-day operations will be executed by the bank’s management team and staff.
“Our rebrand to Movement Bank gives our entire team a renewed energy and excitement about the future,” says Tom Smith, Movement Bank president. “Our bank has always existed to serve people, and I’m excited to see that legacy preserved and expanded for a new generation.”
Conference call instructions
Movement Bank will host a conference call with journalists at 10 a.m. Eastern on Tuesday, Aug. 8. RSVP by emailing firstname.lastname@example.org. To join the call, dial (877) 888-4312.
Movement Bank Profile
Headquarters: 201 N. Union St., Danville, Virginia
Total assets: $39.5 million
Chairman: Casey Crawford
President and CEO: Tom Smith
About Movement Bank
Movement Bank is creating a new example of what it looks like for a bank to serve people. Founded in 1919, Movement Bank offers a comprehensive suite of products and services, including checking, savings, money market and certificates of deposit for individuals and businesses. The bank also specializes in mortgage, home equity, auto and personal loans for individuals, and lines of credit, commercial, and real estate financing for businesses. Movement Bank offers online and mobile banking, credit and debit cards and a range of other services. Movement Bank’s main office is located at 201 N. Union St., in Danville, Virginia and it conducts business online at movementbank.com.