South Plains Financial, Inc. Announces Resignation of Chief Credit Officer
19 9월 2019 - 5:10AM
South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the
“Company”), the parent company of City Bank, today announced the
resignation of Kevin Bass, Chief Credit Officer, effective
September 16, 2019. Mr. Bass is leaving the Company to pursue a
career within the energy sector as Chief Executive Officer of a
Texas-based business.
Curtis Griffith, Chairman and Chief Executive
Officer of South Plains, commented, “Kevin is a skilled executive
and we have appreciated his knowledge, guidance and dedication to
the Company over the last two decades. Kevin was presented with a
terrific opportunity to acquire and run his own business, and we
wish him all the best in his new venture. Looking forward, we are
confident that we have both the experienced personnel and
well-organized systems in place to maintain our strong credit
culture while we conduct a search for a new Chief Credit Officer at
the Bank. In the interim, Robert ‘Bob’ Kotarski is a very talented
executive who, with help from Scott Blount, will handle Kevin’s
responsibilities.”
A search has commenced for Mr. Bass’ successor
at City Bank. Bob Kotarski, current market President for City Bank
in El Paso, will serve as Interim Chief Credit Officer of City Bank
effective immediately. Mr. Kotarski previously served as Credit
Risk Officer in El Paso and Southern New Mexico for Bank of America
prior to joining the City Bank team. In addition, Scott Blount has
been promoted to Chief Credit Policy and Administration Officer.
Before joining City Bank, Mr. Blount was an FDIC examiner for ten
years and has been actively involved within the Company’s Credit
Administration for over a decade.
About South Plains Financial,
Inc.
South Plains is the bank holding company for
City Bank, a Texas chartered bank headquartered in Lubbock, Texas.
City Bank is one of the largest independent banks in West Texas and
has additional banking operations in the Dallas and El Paso
markets, as well as in the Greater Houston, and College Station
Texas markets, and the Ruidoso and Eastern New Mexico markets.
South Plains provides a wide range of commercial and consumer
financial services to small and medium-sized businesses and
individuals in its market areas. Its principal business activities
include commercial and retail banking, along with insurance,
investment, trust and mortgage services. Please visit
https://www.spfi.bank for more information.
Forward Looking Statements
This press release contains forward-looking
statements. These forward-looking statements reflect South Plains’
current views with respect to, among other things, the completion
of its acquisition of WTSB. Any statements about South Plains’
expectations, beliefs, plans, predictions, forecasts, objectives,
assumptions or future events or performance are not historical
facts and may be forward-looking. These statements are often, but
not always, made through the use of words or phrases such as
“anticipate,” “believes,” “can,” “could,” “may,” “predicts,”
“potential,” “should,” “will,” “estimate,” “plans,” “projects,”
“continuing,” “ongoing,” “expects,” “intends” and similar words or
phrases. South Plains cautions that the forward-looking statements
in this press release are based largely on South Plains’
expectations and are subject to a number of known and unknown risks
and uncertainties that are subject to change based on factors which
are, in many instances, beyond South Plains’ control. Additional
information regarding these risks and uncertainties to which South
Plains’ business and future financial performance are subject is
contained in South Plains’ Prospectus filed with the U.S.
Securities and Exchange Commission (“SEC”), dated May 8, 2019
(“Prospectus”), and other documents South Plains files with the SEC
from time to time. South Plains urges readers of this press release
to review the Risk Factors section of that Prospectus and the Risk
Factors section of other documents South Plains files with the SEC
from time to time. Actual results, performance or achievements
could differ materially from those contemplated, expressed, or
implied by the forward-looking statements due to additional risks
and uncertainties of which South Plains is not currently aware or
which it does not currently view as, but in the future may become,
material to its business or operating results. Due to these and
other possible uncertainties and risks, readers are cautioned not
to place undue reliance on the forward-looking statements contained
in this press release. Any forward-looking statements presented
herein are made only as of the date of this press release, and
South Plains does not undertake any obligation to update or revise
any forward-looking statements to reflect changes in assumptions,
new information, the occurrence of unanticipated events, or
otherwise, except as required by law.
Contact: |
Mikella Newsom, Chief Risk Officer and Secretary |
|
investors@city.bank |
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(866) 771-3347 |
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Source: South Plains Financial, Inc.
South Plains Financial (NASDAQ:SPFI)
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South Plains Financial (NASDAQ:SPFI)
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