Kyle McVey Takes the Helm as Chief Financial Officer at First Financial Bankshares

First Financial Bankshares Promotes Kyle McVey to CFO

First Financial Bankshares, Inc., the parent company of First Financial Bank, recently announced the significant promotion of Kyle McVey to the role of Executive Vice President and Chief Financial Officer (CFO). This decision marks a pivotal change in leadership, as McVey takes over from Michelle Hickox, who will remain as the Executive Vice President and CFO for the parent company.

F. Scott Dueser, Chairman and CEO of First Financial Bankshares, expressed his confidence in McVey's capabilities and contributions. He stated, "Kyle's contributions have significantly shaped our Company's progress, from supporting regional leadership to enhancing our investor relations and accounting practices." This commendation reflects McVey's critical role across multiple domains within the company.

Background and Achievements

Kyle McVey joined First Financial in 2011, launching his career there after a two-year stint with KPMG LLP in Jacksonville, Florida. His prior position as Executive Vice President and Chief Accounting Officer saw him overseeing essential aspects of the company’s operations, including financial reporting, acquisition strategy, audit and internal controls, and investor relations. Notably, McVey has been instrumental in driving the company's “Customer Service First” initiative, aiming to enhance customer satisfaction and service excellence throughout the organization.

One of McVey's remarkable achievements includes collaborating closely with Horst Schulze, Co-Founder of The Ritz-Carlton Hotel Company, to foster a service culture that has elevated First Financial Bank's brand. Under his leadership, the development of the 21 Non-Negotiables, a set of standards defining excellence in customer service, has marked a significant milestone in the institution’s service strategies.

Commitment to Excellence

McVey’s commitment to excellence extends beyond his professional obligations. He is a graduate of Abilene Christian University, holding bachelor's degrees in both accounting and finance along with a master’s in accounting. Additionally, he is a licensed CPA and a graduate of the Southwestern Graduate School of Banking at Southern Methodist University, where he excelled academically, earning the James B. Gardner Commerce Street Capital Scholarship not just once, but twice, and was honored as valedictorian of his class.

This promotion not only highlights First Financial Bankshares' strategic succession planning but also emphasizes the organization’s dedication to expanding its operations and maintaining a strong leadership team. As the company continues to grow, the collaboration between McVey and Hickox is expected to drive continued success.

Looking Ahead

With a firm foundation established through McVey's leadership and the support of the existing executive team, First Financial Bankshares is poised to enhance its footprint in the financial industry. By continuing to prioritize customer service and operational excellence, the company aims to navigate the complexities of the financial landscape while upholding its commitment to community involvement and integrity.

In summary, Kyle McVey's promotion to Chief Financial Officer is a pivotal moment for First Financial Bankshares. His extensive background, forward-thinking capabilities, and dedication to service excellence position him well for this new role. As he steps into this leadership position, stakeholders can expect a renewed focus on growth, innovation, and unwavering commitment to customer satisfaction.