George Martinez Not Stand for Reelection as Vice Chairman and Member of the Board of Directors of Stellar Bancorp, Inc. and Stellar Bank
November 03, 2023 at 05:06 pm EDT
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On October 30, 2023, George Martinez, Vice Chairman and a member of the Board of Directors of Stellar Bancorp, Inc. and Stellar Bank (the Bank), provided notice of his decision to not stand for reelection at the company's 2024 Annual Shareholder's Meeting. Mr. Martinez currently serves as a director of the company and the Bank, the Chairman of the Company's Risk Oversight Committee and Vice Chairman of the Bank. Mr. Martinez will continue to serve in such roles at the Company until his term as a director of the Company expires at the 2024 Annual Meeting. He intends to retire as a director and Vice Chairman of the Bank at December 31, 2023. Upon the completion of his term as a director of the Company, Mr. Martinez intends to retire from his positions with the Company. Mr. Martinez's decision not to stand for
reelection did not arise or result from any disagreement with the Company on any matters relating to the company's operations, policies or practices.
Stellar Bancorp, Inc. is a bank holding company. Through its wholly owned subsidiary, Stellar Bank (the Bank), the Company provides a diversified range of commercial banking services primarily to small-to-medium-sized businesses, professionals and individual customers within its markets. The Company offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the small business administration (the SBA), mortgage loans, home equity loans, personal loans and automobile loans, among others. The types of deposit accounts that the Company offers are typical of most commercial banks and consist of checking accounts, commercial accounts, money market accounts, savings accounts and other time deposits of various types and terms. The Company operates over 54 full-service banking centers, with 37 banking centers in the Houston region, 16 banking centers in the Beaumont region and one banking center in Dallas, Texas.
STELLAR BANCORP, INC. 
