North American Savings Bank Names Paul L. Thomas as Chief Executive Officer
North American Savings Bank, F.S.B. (the “Bank” or “NASB”)(NASDAQ:
NASB), a wholly owned subsidiary of NASB Financial, Inc., announced
today that Executive Vice President and Chief Credit Officer Paul L.
Thomas has been named the Bank’s Chief Executive Officer. David Hancock,
formerly the Bank’s CEO, will retain his role as the Bank’s Board
Chairman.
“We could not have selected a better person for the position,” said
Hancock. “Mr. Thomas brings tremendous leadership and experience, and
I’m looking forward to actively supporting him in NASB’s future growth.
NASB is an outstanding company with many talented employees, and I am
proud of what we have accomplished together over the past two decades in
growing the bank to what it is today.”
Mr. Thomas brings more than 20 years of relevant industry experience to
his new role, with a background in finance, real estate, and
investments. He has served as Director, Executive Vice President, and
Chief Credit Officer of North American Savings Bank, F.S.B. since
January 2003, and previously served as the Chief Executive Officer of
Community Bank of Excelsior Springs. In his new role as CEO, Mr. Thomas
will lead a staff of more than 400 financial services professionals to
provide quality banking and mortgage lending services to the marketplace.
"I am honored and grateful for the opportunity to lead this remarkable
organization during a rapidly evolving and exciting time in our
industry,” said Thomas. “Thanks to Mr. Hancock’s skillful leadership
over the past 23 years, NASB is financially stronger than it has been at
any time in the company’s history, and has established itself as a
market leader in nationwide mortgage lending, while continuing to serve
our hometown Kansas City area. I look forward to capitalizing on that
strength and our reputation for delivering quality products and services
to our customers.”
About NASB: North American provides national mortgage lending
services for residential and commercial real estate lending, and
operates six offices in greater Kansas City, Missouri and others in
Harrisonville, St. Joseph, and Excelsior Springs, Missouri.
