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Last year, Normangee State Bank announced that they would be opening a bank in Madisonville. On Thursday, March 23, officials from the bank and the City made the official ground-breaking ceremony at the property at 208 Collard St. Normangee State Bank has been locally owned since 1967 after four businessmen purchased it; Percy Westmoreland, Mac L. Bennett Jr, Royce Shaw, and Doyle Reed.