First Financial Bankshares Names Swearengin President Of Stephenville Region And Bailey Eastland Division President

Jan 22, 2016, 11:02 ET from First Financial Bankshares, Inc.

ABILENE, Texas, Jan. 22, 2016 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) Chairman, President and CEO F. Scott Dueser today announced the promotion of Trent Swearengin to President and CEO of the First Financial Bank, N.A., Stephenville Region and the promotion of David W. Bailey to the Eastland Division President.

"It is gratifying to recognize Trent and David who consistently demonstrate their commitment to our company, our customers and our communities," announced Dueser. "We are fortunate to have David in place to lead our Eastland Region as Trent transitions to his new responsibilities in the Stephenville Region, which includes locations in Granbury and Glen Rose."

Swearengin, a graduate of Wylie High School in Abilene, holds a bachelor of business administration degree in accounting from Texas A&M University.  He joined First Financial Bank of Abilene as a management trainee in 1999, and was promoted to assistant branch manager in 2000.  He then became a credit analyst and was promoted to Vice President of commercial loans with First Financial Bank, Southlake Region in 2001.  Swearengin was promoted to Senior Vice President of the Southlake Region in 2007, was elected President and CEO of the Eastland Region in 2012.  He is also a 2011 Graduate of the Southwest Graduate School of Banking at Southern Methodist University and graduated from FFIN University, the Company's internal management school, in 2008.  He was also elected to the board of First Technology Services, Inc., an affiliate of First Financial Bank, in 2012.  He has served as an Eastland Chamber of Commerce board member since 2012 and served as its Vice President in 2014 and its President in 2015.  He has been a member of the Eastland Rotary Club since 2012 and served as its Vice President in 2013 and was elected President in 2015.  Swearengin also serves on the board of the Eastland Fine Arts Association and is an Eastland Girls Softball association coach.   

Bailey holds a bachelor of business administration degree in finance from McMurry University in Abilene.  He joined First Financial Bankshares in Abilene as a commercial lending credit analyst in 2004 and became Vice President of First Financial Bank Stephenville Region in 2006.  He was elected Senior Vice President of the Eastland Region in July 2008 and was promoted to Executive Vice President in 2012.  He graduated from the Southwest Graduate School of Banking at Southern Methodist University in 2014 and from FFIN University, the Company's internal management school, in 2015. Bailey is volunteer music director and past finance committee chairman and administrative council chair for First United Methodist Church in Eastland.  Bailey is a board member and treasurer of Eastland County Crisis Center, Inc., a board member of Eastland County Child Welfare Board, vice president of the Eastland Lion's Club and a member of Rural Young Men's Professional Group.

About First Financial Bankshares

Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that through its subsidiary, First Financial Bank, N.A., operates multiple 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

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.


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