Banking Veteran Phil Donnelly Joins Veritex Community Bank as SEVP and General Counsel

DALLAS and HOUSTON, May possibly 16, 2022 (Globe NEWSWIRE) — Extended time banking veteran Phil Donnelly has joined Veritex Neighborhood Lender as the bank’s Senior Government Vice President and Basic Counsel. In addition to foremost the bank’s lawful staff, Donnelly will oversee Veritex Bank’s company governance and regulate all regulatory matters.

Donnelly provides much more than 32 a long time of management skills in the fiscal expert services business. As Basic Counsel, he has labored in both domestic and international companies and for public and private institutions. His resume features leadership positions at Starbuck Bancshares, Inc., AmericanWest Lender, Mutual of Omaha Lender, and FINOVA Capital Company. He is skilled in M&A, company governance, commercial finance, intricate litigation management, contracts, human sources, compliance, and threat administration.

As a member of the bank’s govt leadership team, Donnelly will do the job hand-in-hand with senior administration in acquiring and implementing lender-extensive strategic organization initiatives and in the generation of new processes and protocols designed to improve the bank’s contracts, compliance, and threat management placement. As Senior Executive Vice President and Standard Counsel, he will be main counsel to various departments inside the bank together with accounting, human means, and threat administration, concerning trader correspondence, staff matters, corporate insurance plan, and regulatory programs.

He a short while ago served as General Counsel and Director of HR to a publicly traded Berkshire Hathaway and Leucadia National subsidiary. He was liable for the acquisition of 9 banks in the western U.S., building a $10 billion financial establishment. He correctly has managed and integrated numerous groups of industry experts together with, in-home and exterior counsel, human means, advertising staff and other specialists.

“Phil Donnelly’s track record more than precedes him he is a design for excellence in the banking field,” CEO of Veritex Lender, C. Malcolm Holland mentioned. “He appreciates to start with-hand what it took to create Veritex to wherever it is today, and he understands how to help get Veritex to wherever it desires to be. Adding his skill established in compliance, regulatory, M&A, and company governance will only make the extraordinary crew that we have in place, greater.

Tale proceeds

“I am incredibly excited to sign up for the staff at Veritex Bank,” said Donnelly. “The banking possibilities over and above $10 Billion are interesting, and the regulatory demands on the lender will improve as very well. I look forward to ensuring the lender stays the continual training course that has been set for it about the past eleven a long time.” Donnelly said.

Donnelly has put in most of his specialist career in Arizona. He earned his undergraduate diploma in 1984 and his J.D. from St. John’s University in Queens, New York in 1987.

About Veritex Bank

Veritex Group Financial institution is a mid-sized group lender serving its customers with a entire suite of banking solutions and solutions. The financial institution has much more than 30 department areas in Houston, Fort Well worth and Dallas, Texas with whole property of additional than $10 billion. The bank specializes in providing depository and credit history providers to retail and smaller- to mid-size corporations, which have been mostly neglected by nationwide banking companies. The title “Veritex” is derived from the Latin phrase “veritas,” which means truth of the matter, and “Texas.”

Speak to: For a lot more info speak to: Susan Caudle Veritex Community Financial institution [email protected] (972) 349-6132