Nearly 1,000 Jobs Could Be Headed To Tyler

By Layron Livingston - bio | email
Posted by Ellen Krafve - email

TYLER, TX (KLTV) - Don't get your hopes up about these online bankers though, until you know what it is they want to do.

"The headquarter operations could be here, with some high paying jobs," said Tom Mullins with the Tyler Economic Development Council. "It would require people with some sophisticated financial banking, accounting, marketing, economics background."

And it could pay as much as $60,000 a year.

Mullins says the group is experienced with online-direct banking. One of the key players has roots in the Tyler area, but there are still some hurdles to cross.

"They've got to finalize a partnership agreement with a group in New York," explained Mullins. They've got to go through federal regulatory final approval."

And unlike the branch banks you see around town, this one would be virtually invisible.

The online direct banking concept is kind of like pulling up to your own self-service gas station where you grab your pump, open your own gas cap, and pump your own gas, as opposed to pulling up to a full service gas station where an attendant comes and pumps your gas for you and even checks your tires, and washes your windows.

"We're focused on customer service," said Ted Conover, the Bank of Tyler President.

Conover does not really see it as competition.

"Their market is people that want to go on their computer and do their business online and not necessarily have the one on one contact with the banker," he said.

But Conover welcomed the concept.

"Some of their people that work there may want that friendly customer service and may even come bank with me," said Conover.

Right now, it is just a prospect with powerful potential.

Mullins says the online bank would not market its services to the Tyler area, but rather large urban areas in the state and other parts of the country. He says 960 jobs could potentially be created during a 10 year period.