First Financial Bankshares Names Wilson Chief Information Officer And Promotes Pilgrim

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Oct 24, 2017, 17:00 ET

ABILENE, Texas, Oct. 24, 2017 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) has elected J. Michael Wilson to the position of Executive Vice President and Chief Information Officer. He was also elected Chairman, President and CEO of First Technology Services, Inc., (FTS), a wholly owned subsidiary of First Financial Bankshares, Inc. In addition, Kevin Pilgrim has been promoted to Executive Vice President of First Technology Services, Inc., (FTS). The announcement was made by the board of directors of First Financial Bankshares, Inc. and First Technology Services, Inc.

"We are delighted to welcome Mike to the Company's executive management team and to Abilene," said F. Scott Dueser, Chairman, President and CEO. "Mike has the experience and expertise to manage all strategic and operational information technology needs for our growing company. We are also pleased to promote Kevin in recognition of his outstanding contributions to our company."

Wilson has served as Senior Vice President and Chief Technology Officer of Community Bank, N.A. in Dewitt, New York for the past 15 years. Prior to that he was Vice President and Director of Technology Services at Unizan Bank (now Huntington Bank) in Zanesville, Ohio. Mike holds an associates of applied business in computer science degree from Zane State College and a bachelor of business administration degree from Mount Vernon Nazarene University. He serves on the mid-tier technology steering committee of Jack Henry & Associates.

Pilgrim joined FTS in 2016 and has more than 20 years of information technology experience. He obtained his associates of science degree from Cisco Junior College and holds a bachelor of science with a major in computer information systems from Southeastern Oklahoma State University. He is also a graduate of the Graduate School of Banking in Madison, Wisconsin. Pilgrim has volunteered and raised funds via a running team participating in the Cystic Fibrosis Foundation, Juvenile Diabetes Association, Autism Awareness, and Stars scholarship organization.

Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that operates multiple banking regions with 69 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. FFIN recently announced that the Company has entered into a definitive agreement to acquire Commercial Bancshares, Inc. and its wholly-owned subsidiary, Commercial State Bank, Kingwood, Texas. Pending final regulatory and shareholder approval, the acquisition is expected to be finalized in the first quarter of 2018 and would expand First Financial Bankshares' growing Texas footprint into the cities of Kingwood, Fulshear, El Campo and Palacios, Texas. The Company also operates First Financial Trust & Asset Management Company, N.A., with seven 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.

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.