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FirstCapital Bank of Texas announced the hiring of Don E. Cosby, former Co-Founder, President and Chief Operating Officer of Carlile Bancshares, Inc., as President of First Bancshares of Texas, the holding company for FirstCapital. In this new role, Mr. Cosby will be primarily responsible for the execution of new initiatives to help support ongoing growth.
“Don brings a lifetime of banking experience to FirstCapital and First Bancshares, with a vast and practical knowledge in running complex organizations,” said Ken Burgess, Chairman of FCBT. “As the banking industry undergoes unprecedented change at an accelerating pace, Don’s wisdom and steady hand will provide the guidance we need to serve our customers. I am excited to welcome him to our team.”
Mr. Cosby has more than 30 years of senior level leadership at Texas financial institutions. He co-founded Carlile Bancshares, Inc. in 2009, where he was instrumental in the acquisition of six commercial banks and a mortgage warehouse company. In 1996 he co-founded State National Bancshares, Inc. in Lubbock, TX, which chartered a de novo commercial bank and acquired nine banks during his tenure. Prior to this Mr. Cosby served as the CFO of Ford Bank Group in Lubbock.
From 1989 to 1996, Mr. Cosby served as Vice President and Chief Financial Officer at Texas Tech University where he gained significant operation experience while overseeing accounting, investments, personnel and state reporting responsibility.
“I’m thrilled to have the opportunity to join an experienced team and contribute to an organization that serves the state of Texas region with critical financial services,” said Cosby.