On December 15, Dallas-based North Dallas Bank & Trust Co. (NDBT) announced that W. Michael Shipman will retire as chairman of the board and chief executive officer on March 31, 2021. Shipman will be succeeded by the bank’s current president, Larry A. Miller, effective April 1, 2021.
“It is fitting that during North Dallas Bank & Trust’s 60th year in business, we appoint a new leader who has Larry’s vision, strong management style and customer-based focus approach to banking,” Shipman says. “Larry’s character, ability to be innovative and proven decision-making skills will serve our bank well as NDBT begins a new decade. We are confident that under Larry’s direction and influence NDBT will continue to raise the expectations of what a bank can be."
Shipman has had a distinguished 48-year career in financial services, including 25 years with NDBT and previously served as president and CEO of two other banks. He earned a bachelor’s degree in finance from Texas Tech University and graduated from the Southwestern Graduate School of Banking at SMU, Executive Development program at Texas Christian University’s School of Business and Texas Tech University’s Intermediate School of Banking.
Miller’s entire 38-year career has been spent at NDBT. “Larry promotes an environment of collaboration at NDBT and leads with integrity,” Shipman says. “Community involvement, diversity and inclusion, service, responsiveness and nurturing our customer relationships are all values by which our team operates, and Larry embraces these critical principles and keeps them at the forefront of our business strategy.”
Miller holds a bachelor’s degree from Abilene Christian University, where he also earned his MBA degree. Active in the community, his involvement includes Watermark Community Church, Make-A-Wish Foundation and The Human Impact. Miller also serves on the Texas A&M University Commercial Banking Program advisory board executive committee and as the treasurer.
Established in 1961, North Dallas Bank & Trust Co. has five banking centers in Dallas, Addison, Frisco, Las Colinas, and Plano.