Carey Stewart, who has served as chief financial officer of Brownwood-based TexasBank for the past 32 years, retired at the end of 2022. Stewart and his wife, Kim, plan to relocate to Lubbock to spend more time as “Boss” and “Lolli” to their four grandchildren.
“To say that TexasBank would not be in the position it is today without Carey’s leadership and involvement would be an understatement,” says Greg Dodds, president. “His steadfast approach has positioned us for even more growth and success in the years to come. While Carey will no longer be employed by TexasBank in 2023, he and Kim will always be considered a part of the TexasBank family.”
Steven McDonald has joined TexasBank as executive vice president and will serve as chief financial officer. Since joining TexasBank in August 2022, McDonald and Stewart have worked closely together to ensure that there was a smooth transition. “TexasBank is in good hands with Steven because of his enthusiasm, experience and strong vision for growth,” Stewart notes.
McDonald has worked with large, complex organizations in the financial services industry. His experience includes strategic high-growth management, technology applications, risk management, capitol markets and management of public companies. He has served as president and CEO of Town North Bank and has held executive-level positions for HSBC, Household International and First USA.
McDonald graduated from Southern Methodist University and, as a CPA, built his career foundation at Ernst & Young. He previously served as a trustee of the Parish Episcopal School and has participated in extensive community service projects, including high school scholarship programs.
“Steven has already proven to be a valuable addition to the TexasBank management team in a very short period of time,” observes Mark Riebe, CEO and chairman of the board. “He brings experience, enthusiasm and expertise that will enable us to continue providing the superior financial services for which TexasBank is known. We are thrilled to have him as part of the family.”
Established in 1966, TexasBank operates 14 locations throughout West and Central Texas, including branches in Brown, Comanche, Erath and Eastland counties and the cities of Austin, Dallas, El Paso, Fort Worth and Weatherford.
