STOCK TITAN

Larry Byrd Retires From Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

NDBT (North Dallas Bank & Trust Co.) announces the retirement of Larry Byrd from its Board of Directors after over 33 years of service. Byrd was elected to the board in 1988, serving as a member of the Directors Executive Committee. His retirement was communicated to shareholders during the Annual Shareholders Meeting on February 1, 2022. NDBT's President, Larry Miller, praised Byrd for his contributions and innovations that benefited the bank. NDBT operates five banking centers across Texas, focusing on authentic banking solutions and customer satisfaction.

Positive
  • Larry Byrd's long service of over 33 years indicates stability in leadership.
  • Byrd's contributions are likely to have fostered a culture of innovation and strong governance.
Negative
  • Byrd's retirement may create a gap in leadership continuity given his extensive experience.
  • Potential concerns regarding the experience of new members stepping into board roles.

DALLAS, Feb. 25, 2022 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.), a leading Texas community banking organization, announces the retirement of Larry Byrd from its Board of Directors. Mr. Byrd served the bank for more than 33 years and was a long-time member of the Directors Executive Committee.

At the time he was elected to the NDBT Board of Directors in 1988, Mr. Byrd was President of All-Plastics Molding, Inc. in Addison, Texas.

“We are thankful for Mr. Byrd’s dedicated service through the years and we can look forward to continued success as a result of the contributions, innovations and guidance he shared during his time on our board,” said Larry Miller, NDBT’s President & Chief Executive Officer. “Mr. Byrd was a model director and he remains a shareholder, customer and avid supporter of our bank and brand.”

Mr. Byrd’s retirement was officially communicated to NDBT shareholders during the Annual Shareholders Meeting held at the Dallas Banking Center on February 1, 2022.

ABOUT NDBT
Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management, and innovative online banking tools. NDBT is Member FDIC and an Equal Housing Lender. For more information, call 972.716.7100, or visit online at www.ndbt.com.

Media Contact:
Brian C. Jensen
972-716-7124
brian.jensen@ndbt.com


FAQ

What led to Larry Byrd's retirement from NDBT's board?

Larry Byrd retired after over 33 years of dedicated service, with no specific reasons mentioned in the press release.

When was Larry Byrd's retirement announced to shareholders?

Larry Byrd's retirement was officially communicated to shareholders during the Annual Shareholders Meeting on February 1, 2022.

What impact might Larry Byrd's retirement have on NDBT?

His retirement could impact leadership continuity and the experience level of the board, which may affect strategic decisions.

NORTH DALLAS BK&TR CO TEX

OTC:NODB

NODB Rankings

NODB Latest News

NODB Stock Data

116.83M
Banks - Regional
Financial Services
Link
United States of America
Dallas