Southside Bancshares Inc. in Tyler, Tex., and Security Federal Corp. in Aiken, S.C., have announced replacements for their longtime chief executives.
The $3.2 billion-asset Southside Bancshares said Friday that its CEO, B. G. Hartley, has retired and has been replaced by its president and chief operating officer, Sam Dawson.
Hartley had been CEO of Southside Bank since its opening in 1960. He will continue as chairman of the company and Southside Bank. Dawson has served as president and COO for 14 years.
Meanwhile, the $917 million-asset Security Federal said Thursday that J. Chris Verenes, chairman and CEO of its bank subsidiary, has taken over as the company’s CEO and president after Timothy W. Simmons retired on Sunday.
Simmons will serve as chairman of the company and as a director of the bank, Security Federal Bank. He has been president since 1987 and CEO since 1994.
Security Federal also said that W. Barry Adams, an executive vice president since 2010, was appointed to the board. Prior to joining Security Federal, Adams worked for Regions Bank in a variety of positions, including market president.
