On July 1, the board of directors for Community Bank Holdings of Texas, the holding company of Corsicana-based Community National Bank & Trust of Texas, announced the retirement of President Tim Stites after an extraordinary 42-year career with the bank. Following Stites’ retirement, Rusty Hitt has been named chief executive officer and president of the bank.
Following in the footsteps of father Zane Stites, who dedicated more than 30 years of service to the institution, Tim Stites’ journey began as a teenager mowing the bank’s lawns. He later worked as a teller—his first official role with the bank—and steadily advanced through the organization before being named president in 2018. Throughout his career, Stites embodied the values of community banking, servant leadership and commitment to customer relationships. His influence extended beyond the bank through extensive involvement in community service, including leadership and participation on numerous local boards and service organizations in Corsicana.
“Tim’s impact on this organization is immeasurable,” says CEO Rusty Hitt. “For more than four decades, he has led with integrity, wisdom and an unwavering commitment to both our customers and employees. His leadership helped preserve the culture and values that make CNB&T a trusted financial partner in each of our communities. We are grateful for his service and pleased that he will continue to provide guidance as a member of the holding company’s board of directors.”
Hitt’s appointment as CEO and president reflects a leadership transition built on continuity, experience and a deep understanding of the bank’s mission and markets. He joined CNB&T in 1996 and served as chief lending officer for 14 years before being promoted to chief executive officer in 2018. He also serves on the holding company’s board of directors. A dedicated advocate for the communities served by the bank, Hitt is actively involved in numerous local organizations, serving on the board of directors for the Navarro College Foundation, YMCA of Corsicana and the Heritage Bowl.
Together, Hitt and Stites formed a highly successful leadership partnership that guided a period of unprecedented growth for the bank. Since the end of 2017, Community National Bank & Trust of Texas has expanded from approximately $720 million in assets to $1.6 billion in assets at the end of 2025. During that time, the bank added seven new branch locations.
“The growth and success our organization has experienced over the past decade is a direct reflection of the strong leadership partnership between Tim and Rusty,” says Byron Cook, board member. “Their shared commitment to our customers, communities and employees positioned the bank for sustainable growth while preserving the culture that has defined our institution for generations.”
Established in 1960, Community National Bank & Trust of Texas serves North and Central Texas, including the Dallas/Fort Worth metroplex, with 18 banking offices.
