Veteran banker Cathy Nash leaves Woodforest
Cathy Nash has left Woodforest National Bank in The Woodlands, Texas.
The $5.8 billion-asset bank announced in a press release Friday that James Dreibelbis became its president and CEO in late December, though the announcement made no mention of Nash.
Nash recently updated her LinkedIn profile to note that she had left Woodforest last month. The profile did not list a new position.
A spokeswoman confirmed that Nash has resigned; she declined to comment further. Efforts to reach Nash were unsuccessful.
Nash, who became Woodforest's CEO in April 2015, was one of American Banker's Community Bankers of the Year in 2012 when she was CEO of Citizens Republic Bancorp. While at Citizens, she led a successful turnaround before selling the bank to FirstMerit.
While at Woodforest, Nash had been responsible for turning the bank, which had largely operated in-store branches and relied heavily on fees, into a commercial lender.
Woodforest's net income for the first nine months of 2018 increased by 33% from a year earlier, to $83.5 million, based on the bank's call reports with the Federal Deposit Insurance Corp.
Dreibelbis joined Woodforest in 2007 as CEO of Woodforest Bank FSB, Friday's release said. Dreibelbis then became president and chief operating officer of Woodforest National Bank, overseeing technology and operations.
"We are extremely proud to announce Jay's promotion,” Robert Marling, Woodforest's chairman, said in the release. “He has been a leader with Woodforest from his first day of employment in 2007 and this same leadership has been recognized throughout the banking industry, as well as Montgomery County. Jay's commitment and dedication is evidenced by his service in the role as board member and volunteer of numerous banking and community organizations.”