Henderson-based VeraBank announced that Todd Engemoen, the bank’s executive vice president and chief financial officer, was nominated as one of this year’s best chief financial officers as determined in the Austin Business Journal’s 15th annual “Best CFOs of the Year in Central Texas” awards.
Engemoen joined VeraBank in 2014, bringing a decade of experience in the financial services industry. An Austin native, he recently relocated to Austin to help with the expansion of the bank’s initiatives there and has been instrumental in helping develop and execute VeraBank’s growth from an East Texas bank to serving a third of the state.
“Todd is exemplary of the type of talent needed to run a successful business of any kind in this very competitive and ever-changing marketplace,” says Brad Tidwell, president and CEO of VeraBank. “His proven business acumen and contributions to the Austin community—and to the bank—make Todd a well-qualified candidate for this prestigious award.”
Engemoen holds the chartered financial analyst accreditation and is a member of the CFA Institute. He graduated with a BA degree in economics with highest honors, as well as MBA degree with a concentration in finance, from the University of Texas–Austin.
“Todd has been a critical contributor to our bank’s evolution over the prior 10 years—from a less than $1 billion community bank solely located in East Texas to a $3.9 billion bank with 40 branches,” Tidwell notes. “We are proud of the exceptional work he has done and fortunate to have him on our team.”
Established in 1930, VeraBank serves 16 counties in East, Central and Southeast Texas with 500 employees and a network of 40 branches.