In a recent SEC filing, Veritex Holdings (NASDAQ: NASDAQ:VBTX), the parent company of Veritex Community Bank, disclosed that Clay Riebe, the Bank's Senior Executive Vice President and Chief Credit Officer, will depart following a mutual agreement. The separation is set to occur after Riebe's service through April 5, 2024. Riebe's role for the fiscal year 2023 was as a named executive officer.
The Bank is currently in the process of identifying a successor for Mr. Riebe. In the interim, Curtis Anderson, Executive Credit Officer of the Bank, will assume Riebe's responsibilities post-April 5. The announcement did not specify the reasons for Riebe's departure or any details regarding the mutual separation agreement.
This transition comes at a time when the banking sector is experiencing various changes and challenges. Veritex Holdings has not provided further comments on the impact of this executive change or any future strategic directions the Bank might take.
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