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First Financial Bankshares, Inc., First Financial Bank, and First Financial Trust and Asset Management Company Announce Promotions
ABILENE, Texas, Nov. 20, 2024 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ: FFIN) (the "Company", "we", "us", or "our")
About this update from First Financial Bankshares, Inc.
[{"type":"text","content":"ABILENE, Texas, Nov. 20, 2024 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ: FFIN) (the \"Company\", \"we\", \"us\", or \"our\") has announced the following promotions for First Financial Bankshares, Inc., First Financial Bank, and First Financial Trust and Asset Management Company. These promotions are part of the Company's ongoing management succession, which the Board has been working on for several years.\n\nRon Butler was promoted to Vice Chairman of the Executive Management Committee of First Financial Bankshares, Inc., and will continue to serve as Chief Administrative Officer of the Company.\nDavid Bailey has been promoted to President of First Financial Bankshares, Inc., and First Financial Bank, a position previously held by F. Scott Dueser, who will continue to serve as Chief Executive Officer and Chairman of the Board of both entities.\nThe First Financial Trust and Asset Management Company board of directors has elected Lon Biebighauser to President, replacing Kirk Thaxton, who will transition to relationship manager on a reduced schedule and serve as Vice Chairman of First Financial Trust and Asset Management Company board of directors.\nThe First Financial Bank, Abilene Regional Board approved the promotion of Marelyn Shedd to Chief Executive Officer of the Abilene Region, a position previously held by Ron Butler. Marshall Morris was elected as President of the Abilene Region, a position previously held by Marelyn Shedd.\n\"Several of our senior officers are transitioning to oversight roles to allow the next generation of leaders to grow and prosper. These promotions are well deserved and these individuals are well prepared to move into positions of higher importance. As you can tell, those of us who have been here for a long time are not leaving; we will be here to provide continuity, support, and mentorship,\" said F. Scott Dueser, CEO and Chairman of the Board of First Financial. \"These new positions will be effective January 1, 2025.\"\nRonald D. Butler, II\nRon Butler has been with the Company for 32 years and during that time has been Senior Vice President of Commercial Lending, President and CEO of the Eastland Division, President and CEO of the Stephenville Region, and CEO of the Abilene Region. He continues to be Executive Vice President, and Chief Administrative Offi...