DALLAS and HOUSTON, Could 16, 2022 (GLOBE NEWSWIRE) — Very long time banking veteran Phil Donnelly has joined Veritex Group Financial institution because the financial institution’s Senior Govt Vice President and Basic Counsel. Along with main the financial institution’s authorized workforce, Donnelly will oversee Veritex Financial institution’s company governance and handle all regulatory issues.

Donnelly brings greater than 32 years of management experience within the monetary providers trade. As Basic Counsel, he has labored in each home and worldwide organizations and for private and non-private establishments. His resume consists of management positions at Starbuck Bancshares, Inc., AmericanWest Financial institution, Mutual of Omaha Financial institution, and FINOVA Capital Company. He’s expert in M&A, company governance, industrial finance, advanced litigation administration, contracts, human sources, compliance, and threat administration.

As a member of the financial institution’s government management workforce, Donnelly will work hand-in-hand with senior administration in growing and implementing bank-wide strategic enterprise initiatives and within the creation of latest procedures and protocols designed to strengthen the financial institution’s contracts, compliance, and threat administration place. As Senior Govt Vice President and Basic Counsel, he will likely be main counsel to numerous departments throughout the financial institution together with accounting, human sources, and threat administration, concerning investor correspondence, worker issues, company insurance coverage, and regulatory purposes.

He not too long ago served as Basic Counsel and Director of HR to a publicly traded Berkshire Hathaway and Leucadia Nationwide subsidiary. He was answerable for the acquisition of 9 banks within the western U.S., making a $10 billion monetary establishment. He efficiently has managed and built-in various groups of execs together with, in-house and out of doors counsel, human sources, advertising and marketing personnel and different professionals.

“Phil Donnelly’s fame greater than precedes him; he’s a mannequin for excellence within the banking trade,” CEO of Veritex Financial institution, C. Malcolm Holland mentioned. “He is aware of first-hand what it took to construct Veritex to the place it’s immediately, and he understands find out how to assist take Veritex to the place it must be. Including his ability set in compliance, regulatory, M&A, and company governance will solely make the extraordinary workforce that now we have in place, higher.

“I’m very excited to affix the workforce at Veritex Financial institution,” mentioned Donnelly. “The banking prospects past $10 Billion are thrilling, and the regulatory calls for on the financial institution will improve as nicely. I look ahead to guaranteeing the financial institution stays the regular course that has been set for it over the previous eleven years.” Donnelly mentioned.

Donnelly has spent most of his skilled profession in Arizona. He earned his undergraduate diploma in 1984 and his J.D. from St. John’s College in Queens, New York in 1987.

About Veritex Financial institution

Veritex Group Financial institution is a mid-sized neighborhood financial institution serving its prospects with a full suite of banking services and products. The financial institution has greater than 30 department places in Houston, Fort Price and Dallas, Texas with complete belongings of greater than $10 billion. The financial institution makes a speciality of offering depository and credit score providers to retail and small- to mid-size companies, which have been largely uncared for by nationwide banks. The identify “Veritex” is derived from the Latin phrase “veritas,” which means reality, and “Texas.”



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