Southside Bancshares, Inc. (NASDAQ:SBSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Southside Bancshares, Inc. (NASDAQ:SBSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 31, 2016, in connection with the board-approved succession plan previously reported in our Current Report on Form 8-K filed June 15, 2016, Sam Dawson retired as Chief Executive Officer of Southside Bancshares, Inc. (the “Company”) and the Company’s subsidiary, Southside Bank (the “Bank”). As previously reported, Mr. Dawson will continue as a member of the board of directors of the Company and of the Bank.
Also effective December 31, 2016, President Lee R. Gibson assumed the additional position of Chief Executive Officer and will serve as President and Chief Executive Officer and as a director of the Company and of the Bank.
“Mr. Dawson’s years of service to Southside Bank have been integral to our success. Through his leadership, we have built an outstanding team that positions Southside well for the future,” stated Mr. Gibson.
About Southside Bancshares, Inc. (NASDAQ:SBSI)
Southside Bancshares, Inc. (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. The Company operates through approximately 60 banking centers, over 20 of which are located in grocery stores, and 25 motor bank facilities. Its services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services. The Company’s consumer loan services include one- to four-family residential mortgage loans, home equity loans, home improvement loans, automobile loans and other installment loans. The Company’s Commercial real estate loans primarily include loans collateralized by commercial office buildings, retail, medical facilities and offices, warehouse facilities, hotels and churches. Southside Bancshares, Inc. (NASDAQ:SBSI) Recent Trading Information
Southside Bancshares, Inc. (NASDAQ:SBSI) closed its last trading session up +0.39 at 37.95 with 193,146 shares trading hands.
Southside Bancshares, Inc. (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. The Company operates through approximately 60 banking centers, over 20 of which are located in grocery stores, and 25 motor bank facilities. Its services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services. The Company’s consumer loan services include one- to four-family residential mortgage loans, home equity loans, home improvement loans, automobile loans and other installment loans. The Company’s Commercial real estate loans primarily include loans collateralized by commercial office buildings, retail, medical facilities and offices, warehouse facilities, hotels and churches. Southside Bancshares, Inc. (NASDAQ:SBSI) Recent Trading Information
Southside Bancshares, Inc. (NASDAQ:SBSI) closed its last trading session up +0.39 at 37.95 with 193,146 shares trading hands.
