Round Rock-based R Bank has named Todd Engemoen president and CEO. His experience includes strategic planning, operational excellence and customer-centric initiatives. Engemoen succeeds Steve Stapp as president and CEO.

Stapp recently announced his retirement after 16 years with R Bank. During his tenure there, he led the bank from a single location with 12 employees to a community bank with 10 locations and more than 150 employees. “Under [Sapp’s] leadership, R Bank has become a pillar in the community, known for its commitment to fostering relationships and supporting local businesses,” the bank notes in a press release. “As he steps down, the bank is well-positioned for continued success under Todd’s leadership.”

An Austin native, Engemoen brings more than 15 years of banking experience to his new role. He most recently served as executive vice president and chief financial officer at another bank in Central Texas. He also held leadership roles earlier in his career at SAMCO Capital Markets and Commerce Street Capital. Engemoen earned a BA degree in economics and an MBA in finance from the University of Texas–Austin.

“We are thrilled to welcome Todd Engemoen as our new president and CEO,” says Reese Ryan, chairman. “His depth of experience and alignment with our core values make him the perfect choice to lead R Bank into the future. We extend our deepest gratitude to Steve for his exceptional leadership and dedication.”

“It has been an incredible journey leading R Bank and working with the best bankers and individuals in the community,” Stapp says. “Our success is built on the relationships we’ve created, and I am confident that Todd will continue to build on this legacy.”

Established in 2009, R Bank operates 10 branches in Central and South Texas, as well as Fort Worth.