NASB Financial, Inc. Announces Executive Changes, Effective May 1, 2013
May 02, 2013 at 10:32 am EDT
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The Board of Directors of NASB Financial, Inc. appointed Mr. Paul L. Thomas to serve as the company's Chief Executive Officer (CEO), subject to the non-objection of the company's primary regulator, the Federal Reserve Bank of Kansas City. On April 30, 2013, the Federal Reserve notified the company of its non-objection to Mr. Thomas' appointment; therefore, the appointment is effective May 1, 2013. Mr. David H. Hancock will remain as the company's Board Chairman and principal shareholder.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (the Bank). The Bank is engaged in providing an array of personal banking, investment and lending products in the Kansas City metro area. The Bank offers residential and commercial mortgages. It offers banking solutions including checking accounts, savings accounts, certificates of deposits (CDs), money market accounts, mortgage loans and commercial loans. Its lending activities include home loans, mortgage refinances, mortgage programs and mortgage customer service. Its investment real estate lending includes commercial real estate loans, construction and development loans, individual retirement account lending and investment property loan. Its branches are located in Grandview, Lee's Summit, Independence, Harrisonville, Kansas City, Platte City, Excelsior Springs, St. Joseph and Lexington, Missouri.