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
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 11, 2019, Earl W. (Bill) Clawater, III, Senior Executive Vice President, Chief Credit Officer and advisory director of Southside Bank (the “Bank”), a subsidiary of Southside Bancshares, Inc. (the “Company”), notified the Company of his decision to retire, effective March 31, 2019. Mr. Clawater has been employed by the Bank in various commercial lending and credit management capacities since 2000, and as Executive Vice President and Chief Credit Officer since 2013.
On March 12, 2019, the Board of Directors of the Bank appointed T.L. Arnold, Jr. to serve as Senior Executive Vice President and Chief Credit Officer of the Bank.
Mr. Arnold, 55, has served as Executive Vice President and Senior Credit officer of Southside Bank since December 2014. He joined OmniAmerican Bank during 2008, serving as Senior Executive Vice President and Chief Credit Officer from 2008 until Southside acquired OmniAmerican in December 2014. From 2007 to 2008, he was a Senior Credit Officer at Marquette Financial Companies. From 2003 to 2007, Mr. Arnold was Executive Vice President/Portfolio Manager of Marquette Commercial Finance, Inc., Fort Worth, Texas, a specialized financial services provider. He has been employed in the banking and financial services industry for over 30 years.
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.