Gs Southside Bancshares, Inc. Announces Board Changes, Effective January 1, 2022
November 25, 2021 at 01:55 am IST
Share
On November 24, 2021 the Board of Directors of Southside Bancshares, Inc. elected to increase the size of the board of directors of the Company by one, to 17 members with the appointment of Alton L. Frailey to serve as a member of the Board, both effective January 1, 2022. Mr. Frailey has not been appointed to any committee of the Board at this time. Additionally, the Board of Directors of Southside Bank, (the ?Bank?) elected to increase the size of the board of directors of the Bank by one, to 18 members with the appointment of Mr. Frailey to serve as a member of its Board, both effective January 1, 2022.
Southside Bancshares, Inc. is a bank holding company for Southside Bank. The Company operates through approximately 55 branches, 13 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. It is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer related loans. Its commercial loan services include commercial real estate loans and municipal loans. The Company's trust and wealth management services include investment management, administration of irrevocable, revocable and testamentary trusts, and custodian services, primarily for individuals and, to a lesser extent, partnerships and corporations.