First Financial Bankshares, Inc. Announces Regional Reorganization

01 Dec, 2015, 12:00 ET from First Financial Bankshares, Inc.

ABILENE, Texas, Dec. 1, 2015 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) and its wholly owned bank subsidiary, First Financial Bank, N.A., today announced the reorganization of several of the Bank's Regions by combining its Abilene, Eastland and Sweetwater Regions and its Conroe and Huntsville Regions, effective January 1, 2016.

The Abilene, Eastland and Sweetwater Regions will become one Region and the advisory board members from these three Regions will comprise the new combined Regional board.  Ron Butler will serve as the Chairman and CEO of the Region, Marelyn Shedd will be the Region President, Trent Swearengin will be the Eastland Division President, and Kirby Andrews will serve as the Sweetwater Division President. 

In the newly formed combined Conroe and Huntsville Region, Sam Baker will serve as the Region's Chairman and CEO and Robert Pate will serve as the Huntsville Division President.  The advisory board members of the Conroe and Huntsville Regions will serve as directors of the combined Region. 

"We are combining these Regions to streamline the number of board meetings, better utilize the leadership talent in our company, be more efficient and prepare for additional growth in the coming years," noted F. Scott Dueser, Chairman, CEO and President of First Financial Bankshares, Inc.  "We have outstanding leaders in our locations, and these Regional restructurings will give added responsibilities to this executive group and better utilize our boards, while continuing our local decision-making in these markets."

About First Financial Bank, N.A. First Financial Bank, N.A. is a wholly owned subsidiary of First Financial Bankshares, Inc.  Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, N.A., operates banking regions with 70 locations in Texas including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, Fort Worth, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising  Star,  Roby,  San  Angelo,  Southlake,  Stephenville,  Sweetwater, Tomball, Trent,  Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with nine locations and First Technology Services, Inc., a technology operating company.

The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN.  For more information about First Financial Bankshares, please visit our website at http://www.ffin.com.

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Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect", "plan", "anticipate", "target", "forecast" and "goal".  Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the  Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables.   Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents/Filings" on the Company's Web site or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.

SOURCE First Financial Bankshares, Inc.



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