First Financial Bank, N.A. Names Parker to EVP, Chief Compliance Officer Role

Rhea-AI Summary

First Financial Bank, N.A. has appointed Mike Parker as Executive Vice President and Chief Compliance Officer, effective January 18, 2023. Parker has over 15 years of compliance experience, previously serving as the director of compliance governance at USAA Federal Savings Bank. His role is expected to enhance the bank’s compliance management program amid a changing regulatory landscape. Parker's qualifications include a Bachelor of Science in economics from Virginia Commonwealth University and he holds the Certified Regulatory Compliance Manager (CRCM) designation. First Financial Bank operates numerous locations across Texas and is a subsidiary of First Financial Bankshares, Inc. (NASDAQ: FFIN).

Positive

• Mike Parker's extensive compliance experience strengthens the bank's leadership.
• Parker's previous work at USAA and major financial institutions enhances credibility.
• The appointment is strategically aligned with evolving regulatory requirements.

Negative

• None.

ABILENE, Texas, Jan. 18, 2023 /PRNewswire/ -- First Financial Bank, N.A. Board of Directors elected Mike Parker as Executive Vice President and Chief Compliance Officer. Parker brings more than 15 years of compliance experience to First Financial, including his most recent post as a director of compliance governance with USAA Federal Savings Bank. The announcement was made by Randy Roewe, Executive Vice President and Chief Risk Officer, First Financial Bankshares, Inc.

"Mike's extensive background and experience and successful record of developing compliance programs at some of the nation's largest financial institutions will make him an invaluable asset to our company," Roewe said. "His experience will be critical to the continued evolvement of the bank's compliance management program as the regulatory landscape changes and First Financial Bank continues to grow."

Parker, who has worked with USAA since March 2020, has also held positions with Capital One and Ocwen Financial Corporation in compliance and audit director roles. He also provided support to community banks on compliance matters with Capco. Parker began his banking career in 2005 as an examiner with the Federal Reserve Bank of Richmond, where he specialized in compliance.

A native of western New York, Parker earned a Bachelor of Science in economics from Virginia Commonwealth University and holds the Certified Regulatory Compliance Manager (CRCM) designation.

About First Financial Bank, N.A.

First Financial Bank, N.A. is a wholly-owned subsidiary of First Financial Bankshares, Inc. (NASDAQ: FFIN). Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that through its wholly-owned subsidiary, First Financial Bank, N.A., operates multiple banking regions with 79 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Lumberton, Keller, Kingwood, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with ten locations and First Technology Services, Inc., a technology operating company. The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at http://www.ffin.com.

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SOURCE First Financial Bankshares, Inc.

FAQ

Who has been appointed as the Chief Compliance Officer of First Financial Bank?

Mike Parker has been appointed as the Chief Compliance Officer.

What experience does Mike Parker have in compliance?

Mike Parker has over 15 years of compliance experience, including roles at USAA and Capital One.

When was Mike Parker appointed as Executive Vice President?

He was appointed on January 18, 2023.

What is First Financial Bankshares' stock symbol?

The stock symbol for First Financial Bankshares is FFIN.

Where is First Financial Bank headquartered?

First Financial Bank is headquartered in Abilene, Texas.