In addition, BG Hartley, who served as CEO since the company’s establishment, will now serve as chairman of the board of Southside Bancshares and of Southside Bank.

Hartley said that Sam Dawson has served as President and Chief Operating Officer of the Company for 14 years and is ideally suited to lead the Company.

Dawson said that because of Hartley the Southside is positioned to take advantage of business opportunities available only to the soundest financial institutions.

Southside Bancshares is a bank holding company, which operates a network of 50 ATMs and currently has 48 banking centres in Texas, US.

The company has approximately $3.2bn in assets that owns 100% of Southside Bank.