Southside Bancshares, Inc. Announces Board Changes
March 02, 2023 at 04:41 pm EST
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Southside Bancshares, Inc. announced that on February 25, 2023, Melvin B. Lovelady, a director of the Company since 2005, passed away after a brief illness. On March 2, 2023, the Board of Directors of the Company acknowledged director William Sheehy’s retirement from the Board, effective upon the expiration of his term at the 2023 Annual Meeting of Shareholders, scheduled for May 17, 2023, in accordance with the mandatory age requirement set forth in the Company's Director Departure Policy.
Southside Bancshares, Inc. is a bank holding company for Southside Bank. The Company operates through approximately 55 branches, 13 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. It is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer related loans. Its commercial loan services include commercial real estate loans and municipal loans. The Company's trust and wealth management services include investment management, administration of irrevocable, revocable and testamentary trusts, and custodian services, primarily for individuals and, to a lesser extent, partnerships and corporations.
SOUTHSIDE BANCSHARES, INC. 
