DRIPPING SPRINGS, Texas, Aug. 15, 2016 /PRNewswire/ -- Pioneer Bank announced today that its Board of Directors has appointed Ron Coben as interim Chief Executive Officer effective immediately. Jeff Wilkinson, Pioneer Bank's President and CEO has resigned to pursue his next entrepreneurial challenge.
Pioneer Bank Chairman Whit Hanks described the change in leadership as a natural evolution of the institution, "With every change comes opportunity," said Hanks. "As a founding member of Pioneer Bank, Jeff was instrumental in building the bank into the institution it is today. We thank Jeff for his leadership throughout the years and wish him nothing but the best in his new endeavors." Hanks continued, "As we transition into a new phase of the Pioneer Bank story, we are very pleased to have an experienced executive like Ron Coben step into the role of interim CEO and provide leadership."
Coben has a long background in Texas banking. Most recently, Coben served as Chief Operating Officer of Pioneer Bank and First Community Bank, Pioneer's merger partner. He began his banking career 30 years ago with Texas Commerce Bank followed by a 14 year tenure at Houston-based Bank United FSB where he served as Executive Vice President-Retail Banking and played a critical role in growing that bank to 160 branches and $18 billion in assets. Coben also has provided consulting services to firms including Barclays UK and Guaranty Bank.
About Pioneer Bank
Pioneer Bank SSB is an Austin-based community bank that lives and breathes Texas by serving markets, large and small, across the state. At June 30, 2016, Pioneer Bank reported total assets of $1.17 billion and total deposits of $1.03 billion.
SOURCE Pioneer Bank