TIB Announces Executive Officer Promotions

January 6, 2016

TIB announced two executive officer promotions following its monthly board meeting today. Charles Phelan was promoted to Executive Vice President and Chief Treasury Officer and Todd Wentz was promoted to Executive Vice President and Director of Investment Strategies.

“Both Chuck and Todd have played integral roles in TIB’s ongoing success with regard to our Treasury, Asset/Liability Management and Capital Markets functions,” noted President and CEO, Michael O’Rourke.  “Not only are their promotions well-deserved, we are also extremely fortunate to have executives of their caliber at TIB.  We believe wholeheartedly that the quality of our people is second to none.  Chuck and Todd each serve as true examples of that statement.”

Charles (Chuck) Phelan joined TIB in 1998, after serving for nine years with the Federal Reserve Bank of Dallas, where he was an examiner in charge of bank and bank holding company examinations throughout the 11th district.  He has 25 years of professional experience in working with financial institutions across a wide array of areas, including interest rate risk management, funding, investments, stress testing and hedging.  In addition to his role as Chief Treasury Officer, he serves as the Managing Director of ALX Consulting, Inc., a wholly-owned subsidiary of TIB. Chuck is a graduate of Louisiana State University in Shreveport, Louisiana.

Todd Wentz has been with TIB since 1988, and has more than 30 years of investment and banking experience. During his tenure with TIB, he has served as an Investment Sales officer for the bank’s investments arm, TIB Capital Markets, and was subsequently named the bank’s Director of Capital Markets Strategies.  He currently serves on the special Task Force for the Texas Department of Insurance as the Capital Markets Expert and teaches Investment Portfolio Management at the prestigious Southwestern Graduate School of Banking at Southern Methodist University in Dallas.  He earned his B.S. from Moorehead State University in Moorehead, Minnesota.

TIB is the nation’s largest and most trusted bankers’ bank, serving the correspondent banking needs of nearly 1,700 independent financial institutions from coast-to-coast. The bank is owned by almost 500 of the very banks it serves and can be found online at www.mybankersbank.com.