ABILENE, Texas, Sept. 7, 2012 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ: FFIN) (First Financial) and its wholly owned subsidiary, First Financial Bank, N.A., Abilene (Abilene Bank) announced today that Ronald D. Butler II has been named Executive Vice President and Chief Administrative Officer of First Financial Bankshares and has been promoted to Chairman of the Board of Directors and CEO of First Financial Bank, Abilene. Marelyn B. Shedd has been promoted to President of First Financial Bank, Abilene.
"This is an exciting time to have two outstanding professionals who are ready to assume additional responsibilities with our company," said F. Scott Dueser, Chairman, CEO and President of First Financial Bankshares. "Ron will assume this new position at the Holding Company, which will allow Bruce Hildebrand and me to focus more on acquisitions. We are equally excited to have Marelyn Shedd step up to the Presidency of the Bank, and we look forward to both Ron and Marelyn providing significant leadership for our company and the Abilene community."
Butler joined First Financial in Abilene in 1993 after nine years with another local financial institution. He was Senior Vice President and a commercial lending officer in the Abilene Bank for four years before becoming the President/CEO of First Financial Bank, N.A., Eastland for three years. He then served for seven years as President/CEO of First Financial Bank, N. A., Stephenville and returned to Abilene as President/CEO in 2006. Butler is a graduate of Texas Tech University with a bachelor of business administration and a master of business administration from Tarleton State University. He is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University. Butler currently serves as Chairman of the Abilene Industrial Foundation and was Chairman of the Abilene Chamber of Commerce in 2010. He serves on the board of directors of the Hendrick Medical Center Foundation, West Texas Rehabilitation Center and West Central Texas Municipal Water District.
Shedd joined the Abilene Bank in 1990 and most recently served as Executive Vice President and Senior Lender. She is a graduate of Baylor University and currently serves as Chairman of the Community Foundation of Abilene, is Chair-Elect of the Hendrick Medical Center Foundation and is Secretary/Treasurer of the Development Corporation of Abilene. She also is on the board of directors of the Abilene Arts Alliance and has served on the board of directors of the United Way of Abilene, Hendrick Home for Children, Abilene Ballet Theatre, Goodwill Industries, Abilene Cultural Affairs Council and the Historic Paramount Theatre.About First Financial Bankshares
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV