Steve McDonald, the new CEO of credit union-owned Town North Bank said that while the bank has no immediate plans to rejoin the market for credit union card portfolios, he would not rule it out for the future.
McDonald formally took the reins after the retirement of the bank's 15-year CEO John Reap.
"Steve's strong financial background and close ties to the Dallas community made him the ideal candidate to take over the reins at Town North Bank." said Jesse Gutierrez, chairman of the board of Town North Bank and president of Texas Bay Area Credit Union. "We have every confidence that he will continue John Reap's legacy, which has been instrumental in empowering credit unions with the ability to compete against national card issuers through its TNB Card Services division."
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