Founded in 1902 as Exporters and Traders Compress and Warehouse Co., Extraco initially provided cotton compresses and warehouse services and played a large role in the Central Texas cotton industry. Extraco Corporation is the parent company of Extraco Banks which also operates as First National Bank of Temple, Guaranty Bank & Trust Company, and Extraco Trust Services. Other financial companies include Extraco Mortgage, Extraco Institutional Services, Extraco Investments and Extraco Community Development Corporation. Extraco Corporation also does business as Extraco Financial Group. Extraco Banks is a Member FDIC