Spirit of Texas Bancshares, Inc. Names Allison S. Johnson Chief Financial Officer

Rhea-AI Summary

Spirit of Texas Bancshares (NASDAQ: STXB) appointed Allison S. Johnson as Executive Vice President and Chief Financial Officer, effective November 19, 2020. Johnson, who has been the Interim CFO since January 2020, brings extensive experience in financial reporting from her previous roles at PricewaterhouseCoopers and Florida Community Bank. Chairman Dean O. Bass expressed confidence in her capabilities, highlighting her contributions to the bank's growth. Spirit of Texas Bank operates 38 locations across major Texas metropolitan areas.

Positive

• Allison S. Johnson's promotion could enhance financial oversight and strategic growth.
• Experience in financial reporting may improve operational efficiency.

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• None.

CONROE, Texas, Nov. 23, 2020  /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, announced that on November 19, 2020, the board of directors of the Company appointed Allison S. Johnson to serve as Executive Vice President and Chief Financial Officer of both the Company and its wholly-owned subsidiary, Spirit of Texas, SSB (the "Bank"), effective November 19, 2020. 

Ms. Johnson has been serving as Interim Chief Financial Officer of the Company and the Bank since January 14, 2020.  During and prior to that time, Ms. Johnson also served as Chief Accounting Officer of the Company and the Bank since 2016.  Ms. Johnson began her career in the financial services industry as an auditor at PricewaterhouseCoopers and has spent the last decade focused on financial reporting in the banking industry, most recently at Florida Community Bank, N.A., where she served as the SEC Reporting Manager from 2012 to 2016.  Ms. Johnson is a certified public accountant and has a Bachelor of Science in Accounting from the University of Florida and a Masters of Accountancy from Florida State University. 

Dean O. Bass, Spirit's Chairman and Chief Executive Officer, stated, "Allison Johnson has proven herself an outstanding chief financial officer this year and is very deserving of her elevated position.  We have tremendous confidence in Allison's ability and look forward to many years of her contributions to the growth of Spirit of Texas Bank."

About Spirit of Texas Bancshares, Inc.

Spirit, through its wholly-owned subsidiary, Spirit of Texas Bank, provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals.  Spirit of Texas Bank has 38 locations in the Houston, Dallas/Fort Worth, Bryan/College Station, Austin, San Antonio, Corpus Christi and Tyler metropolitan areas, along with offices in North Central and South Texas.  Please visit https://www.sotb.com for more information.

Contacts:	Dennard Lascar Investor Relations
	Ken Dennard / Natalie Hairston
	(713) 529-6600
	STXB@dennardlascar.com

View original content:http://www.prnewswire.com/news-releases/spirit-of-texas-bancshares-inc-names-allison-s-johnson-chief-financial-officer-301179139.html

SOURCE Spirit of Texas Bancshares, Inc.

FAQ

What recent appointment was made at Spirit of Texas Bancshares (STXB)?

Allison S. Johnson was appointed Chief Financial Officer on November 19, 2020.

Who is the new CFO of Spirit of Texas Bancshares (STXB)?

Allison S. Johnson is the new Executive Vice President and CFO.

What experience does Allison S. Johnson have relevant to her new role at STXB?

Johnson has served as Interim CFO since January 2020 and has extensive experience in financial reporting.

What did the CEO of STXB say about Allison S. Johnson's appointment?

Dean O. Bass expressed confidence in Johnson's abilities and her contributions to the bank's growth.