Sellers assumes role of Alliance Bank CEO
L.F. Bridges III remains board chairman

From Staff Reports

Tom Sellers

January 30, 2004 -- Alliance Bank President Tom Sellers has been named to serve as the Alliance's chief executive officer following the bank's board of director's meeting earlier this month.

L.F. Bridges III announced following the meeting that he will retain the title and job function of chairman of the bank's board of directors and that Sellers would assume the new role of president and chief executive officer effective immediately.

"When I became CEO 20 years ago, I inherited a very healthy bank," Bridges said. "I set two primary career goals -- pass a healthy bank to the next leader at a date of my own choosing, and have an individual who is ready and able to take over. I succeeded in both, but especially the latter."

Sellers has risen steadily in leadership roles since he joined Alliance Bank more than 15 years ago. He began his career as a vice president-loan officer, then assumed the role of chief lending officer in 1993 and senior vice president in 1994. In 1996, he became chief administrative officer for the Hopkins County division of Alliance Bank. In June of 1999 he was promoted to president of the bank.

"Tom is prepared mentally and emotionally, and most important, is highly respected by the board of directors and staff at Alliance Bank," Bridges said. "We have been preparing for this for a few years, and it progressed faster than planned.

"Furthermore, Tom and I have tremendous respect for each other and work exceptionally well together."

Beyond his presence at Alliance Bank, Sellers has been actively involved in helping guide community projects and organizations. He served on the Sulphur Springs Independent School District board of trustees for nine years, including a stint as board president. He is a past president of the Sulphur Springs Rotary Club. He also was chairman of the Capital Funds Drive that raised the money for improvements and expansion at First United Methodist Church.

Sellers' education also fits hand in hand with his roles at the bank. In addition to earning a bachelor's degree in agricultural education from Texas Tech University, he is also a graduate of the Southwestern Graduate School of Banking at SMU, and a graduate of Texas Bankers Association Commercial Commercial Lending School at Baylor University.

"The bank is very fortunate to have someone of Tom's ability and standing in the community available," Bridges said. "This should make for a very smooth transition."

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