Town & Country Bank’s search for a new chief executive ended Thursday, when the Las Vegas-based community bank announced Darrel Small as its third president and CEO in the last eight months.
Small, 57, replaces Phil Burns, who was named interim CEO in September after James Brewer departed. Brewer was appointed president and CEO of Town & County Bank in January 2012.
“My first goals are to become familiar with the staff … and to focus on any issues that need to be addressed,” Small said.
Small confirmed Thursday that a Federal Deposit Insurance Corp. consent order issued in January 2010 was still in place, but said “it is not a large issue.”
Small credited Burns with helping the bank turn the corner.
“(Phil) Burns made some really good gains in solving some issues,” he said. “We’ll get there, it’s not a problem. This bank is going to be one of the success stories in Nevada.”
Burns said Town & County Bank was profitable in the first quarter. The bank posted a loss of $4.6 million last year.
As of Thursday, the bank’s uniform bank performance report for the first quarter had not been posted on the Federal Financial Institutions Examination Council website.
Before joining Town & County Bank, Small served on a number of bank and bank holding company boards of directors. He is a former president of the Wyoming Bankers Association and has served on its board for seven years.
“It’s a pleasure to be associated with Town & Country Bank, an institution strongly committed to the Las Vegas area,” Small said.
Town & Country Bank has four branches in Southern Nevada, has assets of $160.6 million and is the largest of the four banks that comprise West Point Bancorp Inc., a $400 million bank holding company in West Point, Neb.
All of the banks, including three in Nebraska, operate independently. Burns is also CEO and principal in West Point Bancorp.
Contact reporter Chris Sieroty at csieroty@reviewjournal
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