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February 14, 2014
L to R: Kevin Hood, President/COO, Rogers Pope, Chairman,
Rogers Pope, Jr., Vice Chairman/CEO
LONGVIEW, TEXAS --Texas Bank and Trust announced Tuesday that its board of directors has named Kevin Hood as president and chief operating officer. Additionally, Chief Financial Officer Randy Bjork and Chief Lending Officer Shane Best have each been promoted to senior executive vice president, effective immediately. The appointments came amid reports of record growth in 2013 for the Longview-based financial institution by board chairman Rogers Pope, Sr. at the bank’s annual shareholders’ meeting.
For the past year, Hood has served TB&T as senior executive vice president and as a senior lender. In his new role, he will assist in the overall management of the $1.9 billion bank and its 19 branches. A former resident of Longview, Hood most recently served as president and chief executive officer of State Bank & Trust Company in Carrollton, Texas.
“As a 25-year banker, Kevin brings a wealth of banking acumen to his new position. His customer-centric focus and hands-on experience will help our customers navigate the challenges and capitalize on the opportunities presented by this new economy,” Chairman Pope said.
In announcing the appointment, Pope added that the change in senior leadership was influenced, in part, by the decision of Howard Hackney to return to retirement this year.
“Howard has been a dedicated banker, an insightful leader, and a true friend to our organization. Under both of his tenures as president, Texas Bank and Trust has outperformed its peers while adhering to the traditional banking principles of safety and soundness.” Though Hackney will step down from day-to-day management, he will remain a consultant for and director of the bank.
Bjork, manager of the bank’s accounting and risk management division, joined the bank in 1994. A certified public accountant, he has served in the role of chief financial officer for the bank and its parent holding company since that time. Best joined TB&T in 1989. As chief lending officer, he oversees all lending activities of the bank, which include consumer, commercial, and real estate loan origination and relationship management.
Both executives were appointed to serve as advisory members to the bank’s board of directors in 2013.
Texas Bank and Trust also announced that Rogers Pope, Jr., will transition from his previous role as chief operating officer to chief executive officer in conjunction with his vice chairman duties. Rogers Pope, Sr. will continue to serve as chairman of the bank, as well as chairman and chief executive officer of the bank’s parent holding company.
Texas Bank and Trust continues to rank as one of the largest and strongest banks in the state, despite an uncertain economic environment and increased regulatory and competitive pressures. During its 2013 fiscal year, the independent community bank achieved record levels of assets, loans, deposits, capital, and earnings. Additionally, TB&T’s trust and brokerage divisions recorded approximately $1.7 billion in total assets under administration.
The bank extended its geographical reach this past year with the completion of mergers with Lindale State Bank and First State Bank of Overton, adding four new branches in December. Its newest branch in Frisco is scheduled to open early in the second quarter of 2014, expanding TB&T’s footprint across the northeast Texas region, from Marshall to the Metroplex.