On February 23, San Antonio-based Jefferson Bank announced the execution of a planned succession of its chairman and president roles. After 17 years, Steve Lewis has stepped down from his position as chairman of the board, but will continue as member of the board of directors. Paul McSween III, who has served as president for 13 years, will become only the fourth chairman in the bank’s 77-year history. Danny Butler, who has been the bank’s CEO for 13 years, will assume the title of president and CEO.
“This plan was put in place by our board five years ago,” Lewis says. “I am very confident in the industry expertise and leadership qualities Paul brings to the chairman role, and I am excited to have Danny expand his responsibilities as president and CEO. Paul, Danny and I have worked very closely together for many years. While some of the titles are changing, the leadership and core values of Jefferson Bank will remain consistent.”
At year-end 2022, Jefferson Bank boasted $2.8 billion in total assets, $1.3 billion in assets under management by its trust division and $1.2 billion in assets under management by 1900 Wealth, its wealth management subsidiary.
“To be entrusted with the management of more than $5 billion of assets is a great responsibility that we take seriously,” Butler says. “I am honored to expand my responsibilities in the leadership of this wonderful bank and its employees. My goal is to build on the achievements of the past 77 years and guide the continued growth and expansion of Jefferson Bank throughout Texas.”
“Danny is a champion of our culture and has been a cornerstone to our success. I am grateful to have his continued leadership,” McSween notes.
Established in 1946, Jefferson began as a community bank in San Antonio and has grown into a multi-city regional Texas bank, operating 14 financial centers in San Antonio, Boerne, New Braunfels and soon in Austin. The bank’s new corporate headquarters, located in the Jefferson Building at 1900 Broadway, will house more than 250 employees including the bank’s executive team, commercial lenders, trust division, operations and support staff, as well as employees from its subsidiary companies, 1900 Wealth Management and Sanger & Altgelt Insurance Agency.