First Financial Bankshares, Inc., First Financial Bank, and First Financial Trust and Asset Management Company Announce Promotions

Core Viewpoint - First Financial Bankshares, Inc. has announced a series of promotions as part of its management succession plan, aimed at fostering the next generation of leaders while ensuring continuity in leadership [1][5]. Management Promotions - Ron Butler has been promoted to Vice Chairman of the Executive Management Committee and will continue as Chief Administrative Officer [2][6]. - David Bailey has been promoted to President of First Financial Bankshares, Inc. and First Financial Bank, succeeding F. Scott Dueser, who remains as CEO and Chairman [2][5]. - Lon Biebighauser has been elected President of First Financial Trust and Asset Management Company, replacing Kirk Thaxton, who will transition to a relationship manager role [3][16]. - Marelyn Shedd has been promoted to Chief Executive Officer of the Abilene Region, previously held by Ron Butler, while Marshall Morris has been elected as President of the Abilene Region [4][17]. Leadership Transition - The promotions are part of a strategic transition to allow senior officers to take on oversight roles, enabling the next generation of leaders to develop [5]. - F. Scott Dueser emphasized the importance of continuity and mentorship from long-standing leaders during this transition [5]. Company Background - First Financial Bankshares, Inc. is headquartered in Abilene, Texas, and operates multiple banking regions with 79 locations across Texas [20]. - The company also includes First Financial Trust & Asset Management Company, which has nine locations [20].