Alexander named Chief Risk and Operations
Officer
Eber named Chief Legal Officer
HOUSTON, March 4,
2024 /PRNewswire/ -- Third Coast Bancshares, Inc.
(NASDAQ: TCBX) (the "Company," "Third Coast," or "our"), the
holding company of Third Coast Bank, SSB, today announced two
executive promotions to strategically align its operational, risk,
and legal functions. The new leadership roles for Vicki Alexander and Liz
Eber reflect Third Coast's strategic focus on operational
excellence and prudent risk management as foundations for
sustainable, profitable growth. Both Alexander and Eber will report
directly to Bart Caraway, the
Company's Chairman, President and Chief Executive Officer.
- Alexander, who joined the Company as Chief Compliance
and Risk Officer in September 2022,
has been designated as the Chief Risk and Operations
Officer, effective March 1, 2024.
In this new capacity, Alexander will oversee Third Coast's
operations, including the Company's risk and compliance
functions.
- Eber, who joined the Company as Head of Legal in
January 2023, has been named the
Chief Legal Officer, effective March
1, 2024. In addition to the legal department, Eber will also
supervise communications and marketing.
Commenting on the promotions, Caraway stated, "We're thrilled to
elevate these proven leaders from within our organization. I take
immense pride in our team, and these leadership promotions aim to
support our employees by enhancing operational efficiency and
facilitating collaborative decision–making. With their deep
expertise and proven commitment to our success, we believe Vicki
and Liz will be instrumental in further developing our
customer-first culture and seizing new opportunities for Third
Coast in the ever-evolving financial sector.
"One of the goals of our leadership team is to cultivate an
innovative environment to enhance customer satisfaction.
Additionally, by strengthening the leadership of these critical
bank functions, we expect that Third Coast will be able to leverage
a diversity of perspectives, spur innovation, and better serve the
needs of our customers," concluded Caraway.
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused,
Texas-based bank holding company
operating primarily in the Greater
Houston, Dallas-Fort Worth,
and Austin-San Antonio markets
through its wholly owned subsidiary, Third Coast Bank, SSB. Founded
in 2008 in Humble, Texas, Third
Coast Bank, SSB conducts banking operations through 16 branches
encompassing the four largest metropolitan areas in Texas. Please visit www.tcbssb.com for
more information.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that are subject to risks and uncertainties and are made pursuant
to the safe harbor provisions of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements reflect our
current views with respect to, among other things, future events
and our financial performance. These statements are often, but not
always, made through the use of words or phrases such as "may,"
"should," "could," "predict," "potential," "believe," "looking
ahead," "will likely result," "expect," "continue," "will,"
"anticipate," "seek," "estimate," "intend," "plan," "projection,"
"would" and "outlook," or the negative version of those words or
other comparable words or phrases of a future or forward-looking
nature. These forward-looking statements are not historical facts,
and are based on current expectations, estimates and projections
about our industry, management's beliefs and certain assumptions
made by management, many of which, by their nature, are inherently
uncertain and beyond our control. Accordingly, we caution you that
any such forward-looking statements are not guarantees of future
performance and are subject to risks, assumptions and uncertainties
that are difficult to predict. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements. There are or will be important factors
that could cause our actual results to differ materially from those
indicated in these forward-looking statements, including, but not
limited to, the following: interest rate risk and fluctuations in
interest rates; market conditions and economic trends generally and
in the banking industry; our ability to maintain important deposit
relationships; our ability to grow or maintain our deposit base;
our ability to implement our expansion strategy; credit risk
associated with our business; and changes in key management
personnel. For a discussion of additional factors that could cause
our actual results to differ materially from those described in the
forward-looking statements, please see the risk factors discussed
in our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the U.S. Securities
and Exchange Commission (the "SEC"), and our other filings with the
SEC.
The foregoing factors should not be construed as exhaustive
and should be read together with the other cautionary statements
included in this press release. If one or more events related to
these or other risks or uncertainties materialize, or if our
underlying assumptions prove to be incorrect, actual results may
differ materially from what we anticipate. Accordingly, you should
not place undue reliance on any such forward-looking statements.
Any forward-looking statement speaks only as of the date on which
it is made, and we do not undertake any obligation to publicly
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise. New factors
emerge from time to time, and it is not possible for us to predict
which will arise. In addition, we cannot assess the impact of each
factor on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking
statements.
Contact:
Ken Dennard / Natalie Hairston
Dennard Lascar Investor
Relations
(713) 529-6600
TCBX@dennardlascar.com
View original
content:https://www.prnewswire.com/news-releases/third-coast-announces-organizational-changes-to-drive-future-growth-302078879.html
SOURCE Third Coast Bancshares