Corpus Christi-based American Bank announced that Eric Vigil has joined the bank as chief compliance officer. Making the announcement was Stephen C. Raffaele, president and CEO.
Vigil joins American Bank with more than 12 years of experience in compliance risk management. During his career, he has led teams with responsibility for and oversight of compliance, BSA, loan review, audit and enterprise risk management. Most recently, Vigil was vice president and compliance manager for Frost Bank in San Antonio. Prior to that, he served as senior vice president/senior compliance manager for Happy State Bank in Amarillo and assistant vice president/compliance officer at Amarillo National Bank, also in Amarillo.
Vigil’s experience helping organizations navigate through acquisitions will benefit American Bank, which recently acquired two financial institutions. Last December, American Bank acquired Austin-based ACG Equipment Finance, which provides financing for essential business use equipment across the U.S. In October, American Bank announced it had received regulatory approval and closed on its acquisition of TexStar National Bank. TexStar has six locations in the San Antonio area with total assets of $451 million as of June 30.
Vigil holds a BBA degree in finance and a BSFA degree in economics from Southern Methodist University. He is a certified regulatory compliance manager (CRCM) and certified enterprise risk professional (CERP).
“Eric is an accomplished leader and compliance officer with a collaborative, relationship-building style,” Raffaele says. “His practical approach to compliance risk management combined with his broad banking experience will be invaluable as he leads our bank’s compliance risk management discipline.”
Established in 1970, American Bank has 13 locations in Austin, San Antonio, Houston, Corpus Christi, Port Aransas, Rockport, Goliad and Victoria.
