James L. Collins (1883–1953) was a self-made oil man later turned banker and community philanthropist.
In the early 1920s, at the time of the discovery of Powell oil field in eastern Navarro County, Texas, and the nearby Mexia field in Limestone County, he formed a partnership with R.L.
Collins soon became well known in the petroleum industry and active in community and church roles.
He eventually won an election as an officer of the Mid-Continental Oil and Gas industry Association and of the Independent Petroleum Association of America, and served as director of Corsicana's First National Bank.
At his death in Corsicana, Texas in 1953, Collins' estate was apportioned among four major beneficiaries: a namesake parochial school, The Texas Scottish Rite Hospital for Crippled Children, St. Joseph's Orphanage of Dallas, and a scholarship fund to help graduates of Corsicana High School attend college.