Ken Luker retires from TexasBank after 38 years
Special to the E-T
L.V. Coffee, president of TexasBank Stephenville, recently announced the retirement of Ken Luker and hiring of Doyle Cooper as senior vice president of commercial lending.
After being employed by Texaco as an accountant in Houston for the first five years after graduating from Tarleton State University, Luker’s 38-year career in banking began in 1978 in Granbury, working for the former Granbury State Bank.
Later, banking took him to two separate banking institutions in the H-E-B area in the Dallas-Fort Worth metroplex, where he participated in forming two new banks in the Hurst and Bedford communities.
In 1985, Luker had the opportunity to advance his career in banking by moving to Stephenville, where he was employed by the former Stephenville Bank & Trust Co. as a commercial lender.
In 2013, Luker joined the TexasBank family, serving as senior vice president of commercial lending for Stephenville and the surrounding locations. His lending expertise has been instrumental in managing existing relationships and developing new business in Erath and surrounding counties, but it is his integrity and character that sets him apart.
“We are fortunate to have had Ken help lead TexasBank over the last seven years. His professionalism has allowed us to experience significant growth and his credit skills have us well positioned to handle the current adverse economic conditions. I’m going to miss his presence from a lending perspective, but more so from the advice and wisdom he was able to provide as a Christian husband and father of two daughters,” Coffee said.
Luker was raised in Gustine, Texas, and graduated from high school in 1971. He immediately continued his education at Tarleton State University, where he graduated in August 1974 with a BBA degree.
He is a 35-year member of the Lions Club of Stephenville, a member of the First Baptist Church in Stephenville for the past 35 years, and currently serving as a deacon and church treasurer. Luker has served on several community boards throughout his time in Stephenville, was instrumental in organizing the Leadership Stephenville program and was included in the original class in 1999. Currently, Luker serves as a member of the Erath County Development District 1 board that oversees the financial affairs of the Rough Creek Lodge, a world-renowned family resort and hunting club.
“My career in banking has been very rewarding and I’ve had the opportunity to meet a lot of great people in this community,” Luker said. “Stephenville has been my family’s home for the past three decades, and my wife Barbara and I were blessed to have the opportunity to raise our two daughters in this remarkable community. Being part of the TexasBank family for these past few years has been the highlight of my career. It’s been one of the joys of my life to be a small part of this wonderful community-minded organization, and my family will be forever grateful for the opportunity they gave me.”
“Since the day that Ken joined our TexasBank team, he has been a positive influence for both his customers and fellow employees. His devout character, steadfastness and strong work ethic have served as an example for all of us to follow. We wish Ken the best of luck in his retirement and look forward to his continuing to be a part of our family in this next phase of his life,” said Greg Dodds, president and CEO.
A retirement celebration for Luker is scheduled for 4-7 p.m. on Nov. 16 at The N at Hardway Ranch, 20194 N US Hwy 377, between Stephenville and Bluff Dale.
Doyle Cooper has been hired to replace Luker and brings 30-plus years of banking experience to the team.
Cooper graduated from Early High School in 1981 and went on to graduate from Texas A&M University with a BBA in 1986 and University of Texas at Dallas with an economics degree in 1988.
Cooper’s career in banking began in 1989 with Comerica Bank in Dallas. Most recently, he spent time at First Financial Bank in Glen Rose as location president and opened a new location in Sherman for First State Bank. He is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University.
“We are excited to have Doyle joining our team,” said Coffee. “He is seasoned lender with a significant customer following that will contribute to our continued success. We have been fortunate to hire seasoned banking professionals that share common values and ethics. Doyle is a great complement to the strong team of bankers we have hired in Erath County over the last seven years.”
Cooper has served civically in the communities he has worked with involvement in Kiwanis International, the Lions Club, and the National Exchange Club. He has also served on various boards from Chambers of Commerce, education foundations, economic development and transportation.
Cooper and his wife Gina have lived in the area since 2016. They have raised three sons, and two daughters and now have six grandchildren.
“I’m eager about my new opportunity with TexasBank,” Cooper said. “I am super excited to be back in the area after being away for the past year. I look forward to getting involved and getting to know the people of Stephenville and reacquainted with others from our surrounding communities. I am excited for the opportunity to reestablish old relationships as well as building new ones. TexasBank has become a major player in our local financial market, and I’m thrilled to be a part of their team.”
TexasBank entered the Stephenville market in 1996 and moved to its current location on Wolfe Nursery Road in 2003. Since that time, it has successfully established itself by remaining focused on reinvesting back into the communities that it serves and being the only locally serviced secondary market mortgage lender. TexasBank is a full-service community bank with eight locations serving Brown, Comanche, Erath and Eastland counties.