Banking institution, Southside Bank, reveals the retirement of its CEO, Lee Gibson, and appoints Keith Donahoe as his successor.
Southside Bancshares, Inc. and its subsidiary, Southside Bank, have announced that Lee Gibson, the current CEO, will retire on December 31, 2025. Gibson, who began his career with Southside Bank in 1984, has served as CEO since 2017.
Keith Donahoe, currently the President of the Company and the Bank, will succeed Gibson as CEO upon his retirement. Donahoe brings over 30 years of banking experience to the role, having served as President since May 2024 and overseeing various company-wide functions.
Donahoe's appointment comes as Southside Bank continues to grow, operating 53 branches and a network of 71 ATMs/ITMs across various regions in Texas. The bank, which began with one location on the "southside" of Tyler, Texas, now serves customers in East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin, and Houston areas.
Southside Bank is a community-focused financial institution, offering a full range of financial products and services to individuals and businesses. As of June 31, 2025, Southside Bancshares, Inc., the holding company of Southside Bank, had approximately $8.34 billion in assets.
The Company's Annual Report on Form 10-K for the year ended December 31, 2024, includes additional factors that could materially affect the Company's financial results. It is important to note that the Company's forward-looking statements are subject to significant known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the statements. The Company disclaims any obligation to update any forward-looking statements to reflect future events or developments.
Lee Gibson has served on numerous local, state, and national boards throughout his career. Upon his retirement, he will continue as a director of the Company and the Bank. For further information, please contact Steven Campbell at [email protected].
Southside Bank is publicly traded on the New York Stock Exchange. Gibson's retirement marks the end of a successful tenure, but the bank is well-positioned for continued growth under Donahoe's leadership.
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