Southside Bank Opens Commercial Loan Office in The Woodlands
September 03 2024 - 4:15PM
Southside Bank, a subsidiary of Southside Bancshares, Inc. (Nasdaq:
SBSI), has announced the opening of a new Loan Production Office
(LPO) at 9595 Six Pines Drive, Bld 8, Level 2, Ste 8210 in The
Woodlands. The Bank indicated their new LPO, opened on September 3,
2024, will specifically target the Commercial & Industrial
(C&I) sector and business owners in greater North Houston and
the surrounding areas. This expansion represents Southside’s
continued commitment to providing exceptional financial solutions
and strengthening their presence in key Texas markets.
Amos McDonald has been appointed as Southside
Bank Market President for North Houston. Under Amos’s leadership,
the Bank’s new LPO will deliver tailored lending solutions and
innovative services to support the growth and success of local and
state businesses. Two Relationship Managers are expected to join
the North Houston team in the coming weeks.
Curtis Burchard, Chief Lending Officer, shared
his enthusiasm about the pending expansion: “The opening of our new
LPO in The Woodlands is a significant milestone for Southside Bank.
We are excited to have Amos leading this initiative. His expertise
and vision will empower our team to offer unmatched support to
clients and local business owners in the greater North Houston
area. We look forward to making a positive impact in the community
and driving growth with our customized lending solutions.”
About Southside
Southside Bancshares, Inc., the holding company
for Southside Bank, is headquartered in Tyler, Texas, with
approximately $8.36 billion in assets as of June 30, 2024.
Southside currently operates 54 branches and a network of 73
ATMs/ITMs throughout East Texas, Southeast Texas, and the greater
Dallas/Fort Worth, Austin, and Houston areas. Additionally,
Southside is affiliated with over 60,000 ATMs across the nation.
Serving customers since 1960, Southside Bank is a community-focused
financial institution that offers a full range of financial
products and services to individuals and businesses.
Forward-Looking Statements
Certain statements of other than historical fact
that are contained in this press release and in other written
materials, documents and oral statements issued by or on behalf of
the Company may be considered to be “forward-looking statements”
within the meaning of and subject to the safe harbor protections of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are not guarantees of future
performance, nor should they be relied upon as representing
management’s views as of any subsequent date. These statements may
include words such as “expect,” “estimate,” “project,”
“anticipate,” “appear,” “believe,” “could,” “should,” “may,”
“might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,”
“goal,” “target,” “objective,” “plans,” “potential,” and similar
expressions. Forward-looking statements are statements with respect
to the Company’s beliefs, plans, expectations, objectives, goals,
anticipations, assumptions, estimates, intentions and future
performance and are subject to significant known and unknown risks
and uncertainties, which could cause the Company's actual results
to differ materially from the results discussed in the
forward-looking statements. For example, discussions of the effect
of our expansion, benefits of the Share Repurchase Plan, trends in
asset quality, capital, liquidity, the Company's ability to sell
nonperforming assets, expense reductions, planned operational
efficiencies and earnings from growth and certain market risk
disclosures, including the impact of interest rates and our
expectations regarding rate increases, tax reform, inflation, the
impacts related to or resulting from other economic factors are
based upon information presently available to management and are
dependent on choices about key model characteristics and
assumptions and are subject to various limitations. By their
nature, certain of the market risk disclosures are only estimates
and could be materially different from what actually occurs in the
future. Accordingly, our results could materially differ from those
that have been estimated. The most significant factor that could
cause future results to differ materially from those anticipated by
our forward-looking statements include the ongoing impact of higher
inflation levels, prolonged elevated interest rates and general
economic and recessionary concerns, all of which could impact
economic growth and could cause a reduction in financial
transactions and business activities, including decreased deposits
and reduced loan originations, our ability to manage liquidity in a
rapidly changing and unpredictable market, labor shortages and
changes in interest rates by the Federal Reserve.
Additional information concerning the Company
and its business, including additional factors that could
materially affect the Company’s financial results, is included in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2023, under “Part I - Item 1. Forward Looking
Information” and “Part I - Item 1A. Risk Factors” and in the
Company’s other filings with the Securities and Exchange
Commission. The Company disclaims any obligation to update any
factors or to announce publicly the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments.
Contact: Steven CampbellVice President, Director
of Corporate Relations & Communications Southside
Bank903.531.7158steven.campbell@southside.com
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