Joseph T. “Todd” Lee has joined Corpus Christi-based American Bank as chief information officer. Making the announcement was Stephen Raffaele, president and CEO. Lee assumes the position in preparation for the June 1 retirement of longtime CIO Jim Avery.
“Over Jim’s 40-year tenure, he has guided numerous technological advances…including the introduction of the bank’s first computer system, PCs, digital banking for our clients, cloud computing and, most recently, a core-systems conversion,” Raffaele says. “His leadership and investment in the bank over the decades have played a crucial role in the bank’s growth and success, and we wish him well as he moves into this new phase of life.”
In July 2018, the bank accomplished a major technology undertaking that included the conversion of its core banking system, online and mobile banking platforms, financial management software and numerous other applications.
“While technology has already been an area of significant focus in our five-year strategic plan, it will only increase in importance as our growth continues,” Raffaele says. “Todd brings a wealth of IT experience and knowledge from the banking sector, along with a background of significant leadership in and outside of the financial services arena.”
Most recently, Lee was one of the executive founders of a new bank holding company, Dallas-based Maple Financial Holdings, and its bank, MapleMark Bank. He served as chief operations officer with responsibility for information technology, deposit operations, treasury services operations, loan operations, project management, human resources and facilities. In addition to establishing new operational teams, he selected and implemented various platforms and provided day-to-day management for the bank.
Before helping launch MapleMark Bank, Lee held leadership positions with other financial institutions, where his responsibilities included business process improvement and acquisition management, in addition to operations and IT. Prior to working in the banking industry, he held IT and operations-related leadership responsibilities for a major Oklahoma school system. Lee holds a BS degree and an MBA degree from Texas Christian University.
Founded in 1970, American Bank is an independent financial institution with assets totaling nearly $1.4 billion as of December 31, 2018. The bank has 16 locations serving Austin, Corpus Christi, Goliad, Houston, Port Aransas, Rockport, San Antonio and Victoria.
Published in Bankers Digest April 8, 2019