Tom Sellers, CEO of Sulphur Springs-based Alliance Bank, has been named chairman of the board of Alliance BancShares Inc., the bank’s parent company. In addition, James Law, chief financial officer, will assume Sellers’ former role as president of Alliance Bank and remain CFO for the bank and its holdings, and Keith Shurtleff has been promoted to market president for Hopkins County.
“Tom Sellers has overseen unprecedented growth and stability over the past 22 years in his role as president and CEO,” says Alec Bridges, outgoing chairman of the board. “His leadership has been instrumental in Alliance Bank’s unparalleled dominance in our markets and continues to show exceptional leadership even under the most trying market conditions. We expect Tom’s new role as chairman of the board to be a seamless transition…I can’t imagine a more suited person to assume this role, which I have personally held for 22 years.”
“James Law is, by any measure, an outstanding chief financial officer and has, through his expertise, positioned Alliance Bank for continued tremendous growth and expansion over his 22 years in that role,” Bridges notes. “Alliance Bank and its holdings have enjoyed a very solid financial foundation, in no small part due to James Law’s guidance as CFO. We are very excited that he has accepted the additional role as president and expect him to add continued expertise.”
“Alliance Bank’s organizational structure has changed over the years with the appointment of market/branch presidents and it was time to name a market president for Hopkins County,” Sellers says. “I cannot think of a better person to lead our ‘home’ market in its continued growth than Keith. In addition to his new role as market president, he will remain a key asset in our commercial lending endeavors. Keith has an active role in the Hopkins County community, delivering countless hours volunteering for many worthy causes. We are confident that he will deliver outstanding leadership and service to the customers of Alliance Bank for Sulphur Springs and its surrounding communities.
Established in 1927, Alliance Bank operates more than a dozen locations in Sulphur Springs, Commerce, Greenville, Mount Vernon, Rockwall and Wolfe City. Additionally, the bank owns and operates Galyean Insurance Agency and Alliance Bank’s brokerage company, Alliance Bank Financial Services.