New leadership changes have been announced by a Batesville-based bank.
According to a release from Citizens Bank, Jeff Teague, chairman of the board, is the newly named CEO, while Vernon Scott, the bank’s chief lending officer, has assumed the additional role of bank president.
“It is an honor to lead Citizens Bank in this new capacity,” Teague said in the news release. “I am confident in this leadership team and their ability to continue the bank’s trajectory of performance and service.”
Teague (pictured above, left), a longtime board member, has extensive experience in business leadership and with the bank, which was founded by his wife’s grandfather more than 70 years ago. He is a graduate of Ouachita Baptist University and was the owner of Teague Auto Group for over 31 years.
The release said that Teague will immediately take on all CEO responsibilities and continue to support the bank’s growth and operations.
A Batesville native, Scott (pictured above, right) has been in the banking industry for 20 years. The financial institution said his expertise and leadership experience make him a fit for this role.
Scott will oversee the day-to-day operations of the bank. He earned his B.S. in business administration from the University of Arkansas at Fayetteville.
“I am fully committed to my new role as bank president and have complete confidence in our leadership team and our associates,” Scott said. “It’s time to build on our legacy of growth, diversification, and performance to elevate Citizens Bank to new heights.”
Adam Mitchell, the former CEO of Citizens Bank, confirmed his resignation to Arkansas Business earlier this week. (The Arkansas Business link may require a subscription.) He was appointed to CEO of Citizens Bank in 2021.
Images provided by Citizens Bank
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