Texas: Jeffrey A. Powell, Spirit of Texas Bancshares Chief Financial Officer, Passes Away

Jeffrey A. Powell, executive vice president/chief financial officer for Conroe-based Spirit of Texas Bancshares Inc. and its subsidiary, Spirit of Texas Bank, passed away unexpectedly on January 13. He was 62. Prior to joining Spirit of Texas in 2017, he served in executive roles at Georgia- based Hamilton State Bancshares and Louisiana-based IberiaBank. He launched his banking career in 1980 at American Fletcher National Bank after graduating from the Miller College of Business at Ball State University with a bachelor’s degree in accounting.

Powell’s obituary includes this passage: “If you were fortunate enough to know Jeffrey, then you know he was the most selfless person you have ever met. He lived his life striving to make everyone around him happy… You were a better person after meeting Jeffrey, and usually smarter, too.

“It is with great sadness that we mourn the passing of Jeff Powell,” says Dean O. Bass, Spirit of Texas chairman and CEO. “Jeff was a great leader and a wonderful and trusted friend to all who knew him. His knowledge of the banking industry was second to none, and he was universally respected both within our company and in our industry. Our thoughts and prayers are with Jeff’s beloved wife, Kim, and the Powell family.”

At 1 p.m. on January 30, a celebration of Powell’s life will be held following a lunch reception that begins at 12 p.m. at Spirit of Texas Bank, 1836 Spirit of Texas Way in Conroe.

The company’s board has named Allison Johnson, chief accounting officer, as its interim chief financial officer. She has served as chief accounting officer since 2016, and began her career in the financial services industry as an auditor at Price Waterhouse Coopers. She has spent the past decade focused on financial reporting in the banking industry. Johnson is a certified public accountant and has a Masters of Accountancy degree from Florida State University.

“We are fortunate to be able to call on…Allison Johnson to serve as interim chief financial officer,” Bass adds. “She worked closely with Mr. Powell over the past few years. We have tremendous confidence in [her] ability.”

Published in Bankers Digest January 20, 2020