Texas Bankers Association Elects 2020-21 Officers
The membership of the Texas Bankers Association recently elected officers for the 2019-20 fiscal year. Elected were Chairman William “Chip” Jenkins III, CEO of The First State Bank, Louise; Vice Chair Raymond “Rusty” Rust III, president and CEO of Commercial Bank of Texas in Nacogdoches; and Treasurer A. Ford Sasser III, president and CEO of Rio Bank, McAllen. The officers’ terms are from June 1 through May 31, 2021.
Jenkins has been in banking for 23 years. Banking is in his blood, as his grandfather, John W. Hancock, was instrumental in starting The First State Bank in 1956. Jenkins got his first taste of banking during the summer between college semesters, working as a teller. In March 1996, he was hired by The First State Bank and, through a management development program, was trained in most areas of the bank—teller, bookkeeping, loan operations—before becoming a lender. He was promoted to start and run the new Blessing Branch after a year of employment and two years later was transferred to the El Campo branch, where he grew his loan portfolio to one of the largest in the bank. He was promoted to CEO in 2007.
Rust, a 22-year banker, served as general counsel and senior credit officer for CBTx from 1997 to 2012. In 2012, he was promoted to president and in 2013, to CEO. CBTx was founded in 1901 and has been located on the same corner since 1903. A graduate of Oklahoma State University and Oklahoma City University Law School, Rust previously practiced law in Oklahoma City. Like his bank, Rust is very active in his community, having served as chairman of the Airport Advisory Board, president of the Nacogdoches Industrial Foundation and on the board of the Nacogdoches Industrial Trust. He is also active in the Nacogdoches Chamber of Commerce, CASA, Rotary Club, Nacogdoches Bar Association and Nacogdoches Visitor Center.
Sasser, a native of San Antonio, graduated from Texas A&M University with a degree in agricultural economics. After college, he went to work as a bank examiner for the Texas Banking Department. In 1980, he joined the Commercial National Bank in Beeville, where he became senior lending officer. In 1986, he was offered the position of president of McAllen National Bank, where he played a significant role in turning the problem bank around. He later became the senior lending officer and member of the Board of Directors of Inter National Bank of McAllen, followed by a stint at First Valley Bank, which was bought by Wells Fargo. In 1999, Sasser bought an ownership interest in Rio Bank, where he serves as its president and CEO.