Texas Community Bancshares, Inc. Announces Chief Financial Officer Transition

Rhea-AI Summary

Texas Community Bancshares (NASDAQ: TCBS) announced a Chief Financial Officer transition effective December 1, 2025. Longtime CFO Julie Sharff will retire after more than 28 years with the company and will continue consulting to support a smooth handover. Jason McCrary will succeed her as CFO; he joined the company in 2024 as Vice President of Finance and Accounting and has over 20 years of experience across accounting, finance and community banking. McCrary previously worked in public accounting with Deloitte & Touche, held finance roles in the pharmaceutical sector, and served as CFO of a nearly $2 billion community bank prior to its acquisition. He holds bachelor degrees from Abilene Christian University and the University of Texas at Arlington and is a CPA licensed in Texas.

Positive

• Internal hire: Jason McCrary promoted from VP of Finance (joined 2024)
• Management continuity: outgoing CFO will consult during transition
• CFO experience: >20 years in accounting, finance, community banking
• Regulatory/transaction experience: prior CFO of a nearly $2 billion bank

Negative

• Succession risk: retirement of a 28-year CFO may create knowledge gaps
• Short internal tenure: McCrary has ~1 year in current company role

News Market Reaction

-0.11%

1 alert

-0.11% News Effect

-$51K Valuation Impact

$47M Market Cap

0.3x Rel. Volume

On the day this news was published, TCBS declined 0.11%, reflecting a mild negative market reaction. This price movement removed approximately $51K from the company's valuation, bringing the market cap to $47M at that time.

Data tracked by StockTitan Argus on the day of publication.

MINEOLA, Texas, Nov. 13, 2025 /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: TCBS), the holding company of Broadstreet Bank, SSB (the "Bank"), announced today the retirement of Julie Sharff and appointment of Jason McCrary as Chief Financial Officer, effective December 1, 2025. During her tenure of over 28 years with the Company and the Bank, Ms. Sharff has been an integral part of shaping the Company's strategy and growth. She helped guide the Company through several key milestones – including its initial public offering and transition to a publicly-traded company and the establishment of public reporting and compliance practices. She will continue to consult with the Company as Jason McCrary settles into his role to ensure a smooth transition. Mr. McCrary brings more than two decades of experience in accounting, finance, and community banking leadership to the role.

"We are pleased to welcome Jason to the executive leadership team," said Jason Sobel, President and Chief Executive Officer. "His deep financial expertise and proven leadership will be invaluable as we continue to grow and strengthen our financial performance as part of our long-term growth and profitability strategy."

Jason joined the Company in 2024 as Vice President of Finance and Accounting and has since played a key role in advancing the organization's financial operations.

He began his career in public accounting with Deloitte & Touche, LLP in Ft. Worth, Texas, serving in the Audit and Assurance practice. He later held finance and accounting roles with a global pharmaceutical company before beginning his banking career in 2012.

Since entering community banking, McCrary has held financial leadership positions with two East Texas-based community banks, including serving as Chief Financial Officer of a nearly $2 billion institution prior to its acquisition by a larger regional bank. His experience spans financial reporting, strategic planning, mergers and acquisitions, and regulatory compliance, with a strong focus on fostering sustainable growth within community banking organizations.

McCrary holds a Bachelor's degree from Abilene Christian University and a Bachelor of Business Administration in Accounting from the University of Texas at Arlington. He is a Certified Public Accountant licensed in the State of Texas.

"I am honored to serve as Chief Financial Officer for Texas Community Bancshares and Broadstreet Bank," said McCrary. "It's an exciting time for the organization, and I look forward to contributing to its continued growth and success."

About Texas Community Bancshares, Inc.

Texas Community Bancshares, Inc. is the holding company for Broadstreet Bank SSB, a community-focused financial institution serving customers across East Texas with a commitment to relationship banking, local decision-making, and long-term community investment.

View original content to download multimedia:https://www.prnewswire.com/news-releases/texas-community-bancshares-inc-announces-chief-financial-officer-transition-302615000.html

SOURCE Texas Community Bancshares, Inc.

FAQ

When does Jason McCrary become CFO of Texas Community Bancshares (TCBS)?

Jason McCrary will assume the Chief Financial Officer role on December 1, 2025.

Who is retiring as CFO of Texas Community Bancshares (TCBS) and when?

Julie Sharff is retiring after more than 28 years with the company, effective December 1, 2025.

What relevant experience does new CFO Jason McCrary bring to TCBS (NASDAQ: TCBS)?

McCrary has 20+ years in accounting and community banking, was CFO of a nearly $2 billion bank, and is a Texas CPA.

Will the outgoing CFO support the transition at Texas Community Bancshares (TCBS)?

Yes. Julie Sharff will continue to consult with the company while Jason McCrary settles into the CFO role.

How long has Jason McCrary worked at Texas Community Bancshares before becoming CFO?

He joined the company in 2024 as Vice President of Finance and Accounting, roughly one year before the appointment.