Southside Bank Announces Retirement of Chief Executive Officer, Lee Gibson, Appoints Keith Donahoe as Successor
Southside Bancshares (NASDAQ:SBSI) announced that CEO Lee Gibson will retire effective December 31, 2025, while continuing as a director of both the Company and Southside Bank. Current President Keith Donahoe, who brings over 30 years of banking experience, will succeed Gibson as CEO.
Gibson, who joined Southside in 1984 and has served as CEO since 2017, has been instrumental in establishing Southside as a leading Texas bank, which now operates 53 branches across the state. Donahoe, who joined Southside in 2021, has served as President since May 2024, overseeing credit, commercial lending, IT, and bank operations. Prior to Southside, he spent 26 years at Frost Bank, including 10 years as Executive Vice President.
Southside Bancshares (NASDAQ:SBSI) ha annunciato che il CEO Lee Gibson si ritirerà a partire dal 31 dicembre 2025, continuando a ricoprire anche la carica di amministratore della Società e di Southside Bank. Il presidente in carica Keith Donahoe, con oltre 30 anni di esperienza bancaria, prenderà il posto di Gibson come CEO.
Gibson, entrato in Southside nel 1984 e CEO dal 2017, ha contribuito a consolidare Southside come banca leader in Texas, ora presente con 53 filiali nello stato. Donahoe, entrato in Southside nel 2021, è stato presidente dal maggio 2024, sovrintendendo crediti, prestiti commerciali, IT e operazioni bancarie. Prima di Southside ha trascorso 26 anni in Frost Bank, tra cui 10 anni come Vicepresidente esecutivo.
Southside Bancshares (NASDAQ:SBSI) anunció que el director ejecutivo Lee Gibson se retirará a partir del 31 de diciembre de 2025, mientras continúa como director de la Compañía y de Southside Bank. El actual presidente Keith Donahoe, con más de 30 años de experiencia bancaria, sucederá a Gibson como CEO.
Gibson, quien se unió a Southside en 1984 y ha sido CEO desde 2017, ha contribuido a posicionar a Southside como un banco líder en Texas, que ahora opera 53 sucursales en el estado. Donahoe, quien se unió a Southside en 2021, ha sido presidente desde mayo de 2024, supervisando crédito, préstamos comerciales, TI y operaciones bancarias. Antes de Southside, pasó 26 años en Frost Bank, incluyendo 10 años como Vicepresidente Ejecutivo.
Southside Bancshares (NASDAQ:SBSI)의 CEO인 Lee Gibson은 2025년 12월 31일부로 은퇴하되 회사와 Southside Bank의 이사로 남아있을 예정이라고 발표했습니다. 현재 회장 Keith Donahoe은 30년이 넘는 은행 경력을 바탕으로 Gibson의 CEO 역임을 승계합니다.
Gibson은 1984년에 Southside에 입사해 2017년부터 CEO를 역임해 왔으며, 텍사스 주에서 선도적인 은행으로 성장시키는 데 기여해 왔으며 현재 주 전역에 53개 지점을 운영하고 있습니다. 2021년에 Southside에 합류한 Donahoe은 2024년 5월부터 사장을 맡아 신용, 상업 대출, IT 및 은행 운영을 감독해 왔습니다. Southside 입사 전 Frost Bank에서 26년을 근무했고 그 중 10년은 Executive Vice President로 재직했습니다.
Southside Bancshares (NASDAQ:SBSI) a annoncé que le PDG Lee Gibson prendra sa retraite à partir du 31 décembre 2025, tout en restant administrateur de la Société et de Southside Bank. Le président actuel Keith Donahoe, fort de plus de 30 ans d’expérience bancaire, succédera à Gibson en tant que PDG.
Gibson, entré chez Southside en 1984 et PDG depuis 2017, a contribué à établir Southside comme une banque de premier plan au Texas, qui exploite désormais 53 succursales dans l’État. Donahoe, entré chez Southside en 2021, est président depuis mai 2024, supervisant les crédits, les prêts commerciaux, les technologies de l’information et les opérations bancaires. Avant Southside, il a passé 26 ans chez Frost Bank, dont 10 ans en tant que Vice‑président exécutif.
Southside Bancshares (NASDAQ:SBSI) gab bekannt, dass CEO Lee Gibson mit Wirkung zum 31. Dezember 2025 in den Ruhestand treten wird, während er weiterhin als Direktor der Gesellschaft und der Southside Bank fungiert. Der derzeitige Präsident Keith Donahoe mit über 30 Jahren Bankerfahrung wird Gibson als CEO nachfolgen.
Gibson, der 1984 zu Southside kam und seit 2017 als CEO tätig ist, hat dazu beigetragen, Southside zu einer führenden Bank in Texas zu machen, die nun landesweit 53 Filialen betreibt. Donahoe, der 2021 zu Southside wechselte, ist seit Mai 2024 Präsident und beaufsichtigt Kreditabteilungen, kommerzielle Kreditvergabe, IT und Bankbetrieb. Vor Southside verbrachte er 26 Jahre bei Frost Bank, davon 10 Jahre als Executive Vice President.
Southside Bancshares (NASDAQ:SBSI) أعلنت أن الرئيس التنفيذي لي جيبسون سيتقاعد اعتبارًا من 31 ديسمبر 2025، مع بقائه كمُدير في كل من الشركة وSouthside Bank. الرئيس الحالي Keith Donahoe، الذي يمتلك أكثر من 30 عامًا من الخبرة المصرفية، سيحل محل جيبسون كرئيس تنفيذي.
انضم جيبسون إلى Southside في عام 1984 وتولى منصب الرئيس التنفيذي منذ 2017، وكان له دور حاسم في ترسيخ Southside كبنك رائد في تكساس، وهو الآن يعمل من خلال 53 فرعًا عبر الولاية. Donahoe، الذي انضم إلى Southside في 2021، شغل منصب الرئيس منذ مايو 2024، وهو يشرف على الائتمان والتمويل التجاري وتقنية المعلومات وعمليات البنك. قبل Southside قضى 26 عامًا في Frost Bank، من بينها 10 سنوات كنائب رئيس تنفيذي.
Southside Bancshares (NASDAQ:SBSI)宣布，首席执行官 Lee Gibson 将于 2025 年 12 月 31 日退休，同时继续担任公司与 Southside Bank 的董事。现任总裁 Keith Donahoe，拥有超过 30 年的银行业经验，将接任 Gibson 担任 CEO。
Gibson 于 1984 年加入 Southside，自 2017 年起担任 CEO，一直致力于将 Southside 打造成德州的领军银行，如今在全州运营 53 家分行。Donahoe 于 2021 年加入 Southside，自 2024 年 5 月 起担任总裁，负责信贷、商业贷款、信息技术和银行运营。在加入 Southside 之前，他在 Frost Bank 工作了 26 年，其中 10 年担任执行副总裁。
- Smooth leadership transition with experienced successor Keith Donahoe having over 30 years of banking experience
- Continuity maintained with Gibson remaining on the board of directors
- Strong institutional knowledge preserved with Gibson's 40+ year legacy at the bank
- Loss of long-term CEO who led the bank through significant growth since 2017
- Potential strategic direction changes under new leadership
TYLER, Texas, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (the “Company”) and Southside Bank (the “Bank”), a subsidiary of the Company, has announced the upcoming retirement of Lee Gibson, Chief Executive Officer (“CEO”) and director of the Company and the Bank, effective December 31, 2025. Mr. Gibson will continue as a director of the Company and the Bank. Succeeding him as CEO upon his retirement is Keith Donahoe, current President of the Company and the Bank, who has over 30 years of banking experience.
“It goes without saying that Lee has been a vital part of this organization’s success over the last 40-plus years,” said Jay Shands, Chairman of the Board of Southside Bank and Southside Bancshares, Inc. “Starting his career with Southside in 1984, Lee has had a front row seat to a vibrant and often tempestuous economic climate, all while leading with a steady hand and providing strong leadership and guidance to the Board and his fellow colleagues. His strong fiscal knowledge and prudent strategies have propelled Southside as one of the leading banks in Texas with a solid framework.”
Gibson began his career with Southside Bank in 1984 and has served as CEO since 2017. Southside, which began with just one location on the “southside” of Tyler, is publicly traded on the New York Stock Exchange and operates 53 branches across the state of Texas. Gibson has left a significant mark throughout his impressive career, serving on numerous local, state, and national boards.
“On behalf of the entire Board of Directors and the Southside team,” said Shands, “I am forever grateful for Lee’s contributions to Southside and wish him well in his next chapter, and I look forward to Southside continuing to excel and grow under Keith’s leadership.”
Mr. Donahoe has over 30 years of experience in the banking industry and has served as President of Southside since May 2024, overseeing various company-wide functions including credit and commercial lending activities, as well as information technology and bank operations. Upon joining Southside Bank in 2021, he first served as Austin Market President and later as Central Texas Regional President. Prior to joining Southside, he was with Frost Bank, a regional bank in Texas for 26 years, of which he served the last 10 years as an Executive Vice President.
About Southside
Southside Bancshares, Inc., holding company of Southside Bank, is headquartered in Tyler, Texas, with approximately
Forward-Looking Statements
Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates and our expectations regarding rate changes, tax reform, inflation, tariffs, the impacts related to or resulting from other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most significant factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the ongoing impact of higher inflation levels, interest rate fluctuations, including the impact of changes in interest rates on our financial projections, models and guidance, and general economic and recessionary concerns, as well as the effects of declines in the real estate market, tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment and increasing insurance costs, as well as the financial stress to borrowers as a result of the foregoing, all of which could impact economic growth and could cause a reduction in financial transactions and business activities, including decreased deposits and reduced loan originations, and our ability to manage liquidity in a rapidly changing and unpredictable market.
Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, under “Part I - Item 1. Forward Looking Information” and “Part I - Item 1A. Risk Factors” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.
Contact: Steven Campbell
steven.campbell@southside.com
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