Texas Community Bancshares announced that long‑time chief financial officer Julie Sharff will retire after 28 years, and that Jason McCrary will assume the CFO role effective December 1, 2025.
McCrary brings more than two decades of experience in accounting, finance, and community banking. He served as CFO of a nearly $2 billion bank before its acquisition, and joined TCBS in 2024 as Vice President of Finance and Accounting, where he oversaw financial operations during a period of strategic portfolio realignment.
The transition aligns with TCBS’s broader strategy to strengthen its capital position and enhance net interest margin by shifting its loan mix toward higher‑yielding commercial assets. CEO Jason Sobel said the move “will be invaluable as we continue to grow and strengthen our financial performance,” underscoring the importance of continuity during a strategic shift.
Shares of TCBS rose 0.27% in extended trading on November 13, a modest uptick that reflects investor confidence in the smooth succession and the bank’s ongoing strategic initiatives.
McCrary’s background in financial reporting, strategic planning, and mergers and acquisitions positions him to support the bank’s focus on capital strength and margin improvement. The bank faces headwinds from higher interest rates and potential commercial real‑estate risks, but the shift to commercial assets offers opportunities for higher yields and diversification.
The CFO transition signals a deliberate effort to maintain stability while pursuing growth, reinforcing management’s confidence in the bank’s trajectory in a competitive Texas banking landscape.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.