Round Rock-based R Bank has promoted Cole McDonald to executive vice president and chief operating officer. Since joining the bank in 2024, he has quickly established himself as a respected leader and trusted resource across the organization.
Prior to joining R Bank, McDonald served on the commercial lending team at VeraBank for almost four years. He began his banking career as a credit analyst at PlainsCapital Bank in Austin, eventually serving as a commercial loan officer for the bank. Since joining R Bank, he has excelled as a lender and business developer, contributing to the growth of the bank while playing a critical role in several strategic projects. His responsibilities have included oversight of the bank’s growing concierge banking program and treasury operations, while also contributing to employee training, organizational development and cross-functional efforts.
McDonald received his BBA degree in finance from the McCombs School of Business at the University of Texas. Active in his community, he is a member of the Trail Foundation. He is also a member of the Real Estate Council of Austin.
“Since joining R Bank, Cole has consistently demonstrated exceptional leadership, adaptability and a willingness to take on new challenges,” notes Todd Engemoen, president and CEO. “Whether working directly with customers providing financing solutions, addressing complex operational issues or enhancing the customer service experience, Cole tackles every opportunity thoughtfully and confidently. I have come to rely on him tremendously, and I am excited to see him step into the role of chief operating officer.”
Established in 2009, R Bank has nine branches in Central Texas, the Coastal Bend and Fort Worth.
