ABILENE,
Texas, Nov. 20, 2024 /PRNewswire/ -- The Board of
Directors of First Financial Bankshares, Inc. (NASDAQ: FFIN)
(the "Company", "we", "us", or "our") has announced the following
promotions for First Financial Bankshares, Inc., First Financial
Bank, and First Financial Trust and Asset Management Company. These
promotions are part of the Company's ongoing management succession,
which the Board has been working on for several years.
Ron Butler was promoted to Vice
Chairman of the Executive Management Committee of First Financial
Bankshares, Inc., and will continue to serve as Chief
Administrative Officer of the Company.
David Bailey has been promoted to
President of First Financial Bankshares, Inc., and First Financial
Bank, a position previously held by F. Scott Dueser, who will continue to serve as
Chief Executive Officer and Chairman of the Board of both
entities.
The First Financial Trust and Asset Management Company board of
directors has elected Lon
Biebighauser to President, replacing Kirk Thaxton, who will transition to
relationship manager on a reduced schedule and serve as Vice
Chairman of First Financial Trust and Asset Management Company
board of directors.
The First Financial Bank, Abilene Regional Board approved the
promotion of Marelyn Shedd to Chief
Executive Officer of the Abilene Region, a position previously held
by Ron Butler. Marshall Morris was elected as President of the
Abilene Region, a position previously held by Marelyn Shedd.
"Several of our senior officers are transitioning to oversight
roles to allow the next generation of leaders to grow and prosper.
These promotions are well deserved and these individuals are well
prepared to move into positions of higher importance. As you can
tell, those of us who have been here for a long time are not
leaving; we will be here to provide continuity, support, and
mentorship," said F. Scott Dueser,
CEO and Chairman of the Board of First Financial. "These new
positions will be effective January 1,
2025."
Ronald D. Butler, II
Ron Butler has been with the
Company for 32 years and during that time has been Senior Vice
President of Commercial Lending, President and CEO of the Eastland
Division, President and CEO of the Stephenville Region, and CEO of
the Abilene Region. He continues to be Executive Vice President,
and Chief Administrative Officer of the Company.
He holds a bachelor's degree from Texas
Tech University, a master's degree from Tarleton State University, is a graduate of
Southwestern Graduate School of Banking at SMU, and the National Commercial Lending School at
the University of Oklahoma.
He is presently the Chair-Elect of the Texas Bankers Association
and Board Chair of ContinueCare Hospital at Hendrick. He previously
has been Board Chair of Abilene Industrial Foundation, Abilene Chamber of Commerce, Stephenville Chamber of Commerce, and the YMCA
of Abilene. In 2023, he was
inducted into the Texas Bankers Hall of Fame, and in 2024, he was
honored as the Distinguished Alumnus of Texas
Tech University.
David W. Bailey
David Bailey has been with the
Bank for 21 years where he started as a teller and moved up the
ladder to become President and CEO of the Eastland Division and
later, Executive Vice President, Head of Commercial Banking for the
Company. He is currently, Executive Vice President, Chief Banking
Officer, where he oversees all lending and treasury management
functions, while also serving as Co-Chair of the Service
Improvement Team.
He is a graduate of McMurry
University, FFIN University, and Southwest Graduate School
of Banking at SMU. David presently
serves as First Vice Chair of the board of trustees for
McMurry University, Secretary/Treasurer
of the Abilene Chamber of
Commerce, Executive Board Member of the Hendrick Medical Center
Foundation, and Board Member of the Abilene Philharmonic Orchestra.
Previously, he has served on multiple boards in Eastland County and has actively served his
church in numerous volunteer positions.
Lon A. Biebighauser
Lon Biebighauser has been with
the First Financial Trust and Asset Management Company for 17 years
and has risen through the ranks from Assistant Vice President to
Regional President of the West Region, including the Abilene office.
He is a graduate of Texas A&M
University and a Certified Trust and Financial Advisor. Lon
is a Past Board Chair of United Way of Abilene and has served on the boards of The
Grace Museum, Ben Richey Boys Ranch Foundation, Historic Paramount
Theater, Abilene Volunteer Services Council, and Meals on Wheels
Plus. He was also selected as Top 20 Under 40 by the Abilene
Reporter-News.
Kirk W. Thaxton
Kirk Thaxton has been with the
First Financial Trust and Asset Management Company for over 36
years and has led the First Financial Trust and Asset Management
Company to excellence by growing it to over $11 billion in assets with 9 offices across
Texas. He is a graduate of
Abilene Christian University and the
ABA National Graduate Trust School at Northwestern University and is a Certified Trust
and Financial Advisor.
He has been very active in the Texas Bankers Association Wealth
Management Council along with Abilene Airport Development Board,
The Grace Museum, Wylie Education Foundation, Abilene Business and
Estate Planning Council, Big Brothers Big Sisters, Junior
Achievement, just to mention a few.
We certainly appreciate Kirk's outstanding leadership with the
trust company over these past years and we are delighted that he
will continue to stay on as relationship manager and Vice Chairman
of the First Financial Trust and Asset Management Company board of
directors.
E. Marelyn Shedd
Marelyn Shedd has been with First
Financial Bank for 34 years, starting as Senior Vice President of
Commercial Lending and moving up the ladder to President of the
Abilene Region in 2012, when she was selected as the first female
president and now will be the first female CEO in the Abilene
Region's history. She is a graduate of Baylor
University and has been honored as a Women of Outstanding
Achievement, Business Hall of Fame Honoree, and received the Paul
Harris Fellowship Award from the Rotary Club. Marelyn currently
serves on the boards of Abilene Christian
University and Abilene Arts Alliance. She has previously
served as the Chair of the Community Foundation of Abilene and the Hendrick Medical Center
Foundation. She also served on the boards of the Texas Bankers
Association, United Way of Abilene, Hendrick
Home for Children, and the Development Corporation of
Abilene.
Marshall A. Morris
Marshall Morris joined the Bank
14 years ago as a Credit Analyst and has risen through the ranks to
Executive Vice President and Senior Relationship Manager for the
Abilene Region of First Financial Bank.
He is a graduate of Texas A&M
University, Southwestern Graduate School of Banking at
SMU, and FFIN University. Marshall has
been the chairman of the board for the Abilene Chamber of Commerce, and the Abilene
A&M Club. He has served on the boards of Texas Trails Council –
Scouts of America, Abilene Young Professionals, Frontier Texas,
Junior Achievement, United Way of Abilene, Young Life Committee, Abilene
Preservation League and St. John's Episcopal School. He was in
Leadership Abilene and was also selected as Top 20 Under 40 by
Abilene Reporter-News.
About First Financial Bankshares, Inc.
Headquartered in Abilene,
Texas, First Financial Bankshares, Inc., is a financial
holding company that, through its subsidiary, First Financial Bank,
operates multiple banking regions with 79 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan,
Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El
Campo, Fort Worth,
Franklin, Fulshear, Glen
Rose, Granbury,
Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral
Wells, Montgomery,
Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port
Arthur, Ranger,
Rising Star, Roby, San
Angelo, Southlake,
Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy
Club, Vidor, Waxahachie, Weatherford, Willis, and Willow
Park. First Financial Bankshares, Inc., also operates First
Financial Trust & Asset Management Company, with nine
locations, and First Technology Services, Inc., a technology
operating company.
First Financial Bankshares, Inc., is listed on The NASDAQ Global
Select Market under the trading symbol FFIN. For more information
about First Financial Bankshares, Inc., please visit our website at
http://www.ffin.com.
Certain statements contained herein may be considered
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These statements are based upon the
belief of the management of First Financial Bankshares, Inc. (the
"Company"), as well as assumptions made beyond information
currently available to the Company's management, and may be, but
not necessarily are, identified by such words as "expect", "plan",
"anticipate", "target", "forecast" and "goal". Because such
"forward-looking statements" are subject to risks and
uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from the
Company's expectations include competition from other financial
institutions and financial holding companies; the effects of and
changes in trade, monetary and fiscal policies and laws, including
interest rate policies of the Federal Reserve Board; changes in the
demand for loans; fluctuations in value of collateral and loan
reserves; inflation, interest rate, market and monetary
fluctuations; changes in consumer spending, borrowing and savings
habits; and acquisitions and integration of acquired businesses,
and similar variables. Other key risks are described in the
Company's reports filed with the Securities and Exchange
Commission, which may be obtained under "Investor
Relations-Documents/Filings" on the Company's website or by writing
or calling the Company at 325.627.7155. Except as otherwise stated
in this news announcement, the Company does not undertake any
obligation to update publicly or revise any forward-looking
statements because of new information, future events or
otherwise.
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SOURCE First Financial Bankshares, Inc.
