Upcoming Leadership Transition at NASB Financial, Inc.
Leadership Change at NASB Financial, Inc.
Today marks an important transition for NASB Financial, Inc. (OTCQX: NASB) as it announces the retirement of Chief Executive Officer, Thomas B. Wagers. Following the upcoming annual stockholders meeting, Mr. Wagers will step down from his role. However, his journey with NASB is far from over, as he will continue to serve as a member of the Board of Directors for both NASB Financial, Inc. and its banking subsidiary, North American Savings Bank, F.S.B.
Introducing Enrique Venegas
Enrique Venegas has been appointed as Mr. Wagers' successor. Venegas, effective October 1, 2024, will take on the roles of Chief Executive Officer and President of both NASB Financial, Inc. and North American Savings Bank, F.S.B. With an impressive background, including his tenure as Executive Vice-President and Chief Lending Officer, Mr. Venegas brings over twenty years of banking experience to this pivotal role.
Mr. Wagers’ Impact on NASB
Chairman David Hancock expressed gratitude toward Mr. Wagers for his leadership during critical times, particularly through the company's strategic decisions that shaped its future. Hancock stated, "Tom steered NASB through some very difficult and challenging times, guiding us through the exit from the Consumer Direct business. His steadiness and banking expertise has positioned us for a bright future." Wagers' continued role on the Board is expected to provide valuable counsel as the company moves forward.
The Future Under New Leadership
The transition comes with great optimism as Enrique Venegas steps into the spotlight. Both Mr. Wagers and the Board believe that Venegas' fresh ideas and dynamic leadership will enhance the company’s mission and objectives. Having demonstrated a commitment to innovation and collaboration, Venegas is poised to lead NASB into its next chapter.
About NASB Financial, Inc.
NASB Financial, Inc. operates as a unitary thrift holding company focused on serving the financial needs of its clients. Since its inception in 1927, NASB has specialized in providing an extensive range of personal banking and lending products, primarily in the Kansas City metro area. The company is well-regarded for its competitive residential and commercial mortgage offerings across the nation, ensuring safety and security as a Federal institution.
Frequently Asked Questions
Who is the new CEO of NASB Financial, Inc.?
Enrique Venegas is the new CEO succeeding Thomas B. Wagers.
When will Thomas B. Wagers officially retire?
He will retire after the annual stockholders meeting.
What role will Wagers have after retiring?
He will continue to serve on the Board of Directors.
What are Venegas' qualifications?
Venegas brings over twenty years of banking experience to his new role, previously serving as Executive Vice-President and Chief Lending Officer.
What does NASB Financial, Inc. specialize in?
NASB specializes in personal banking and lending products, including competitive mortgage offerings.
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