Long-time Austin banker Joe Petet has been named Vice Chairman for American Bank’s Central Texas region. Making the announcement was Stephen Raffaele, President and Chief Executive Officer. Petet’s primary role will be to support John Greenwood, the bank’s Austin Market President, and his team, as well as San Antonio Market President Jennifer Wilkinson and her team, in introducing new relationships to the bank, as part of the bank’s growth initiatives in the entire Central Texas area. Petet will also continue to be very involved in the Austin community.
“American Bank has a long-time relationship with Joe Petet. He knows us and we know him well, but most importantly, he understands our unique approach to banking and the difference it can make for someone working hard to grow their business or reach personal financial goals,” said Mr. Raffaele. “There is no one who knows Central Texas better than Joe, and it’s a privilege to welcome him back as we expand there,” he added.
“I am extremely pleased to be re-joining the American Bank team,” Petet said. “I have known and respected the bank's ownership, board and executive leadership for many years, and am honored they would give me the opportunity to provide my support to John and Jennifer as they lead the bank in Austin and San Antonio,” he continued.
In January 2018, the bank announced a five-year strategic plan designed to leverage its strength as a community bank and its reputation for solution-oriented banking relationships. One of the key elements of the bank’s vision includes growth and investment in existing markets such as Austin, coupled with entrances into new markets including San Antonio and Houston, both of which took place in 2018.
“John Greenwood and Jennifer Wilkinson are already making great strides in introducing American Bank to their Central Texas communities,” added Raffaele. Greenwood stated, “Partnering with a highly-respected, knowledgeable and well-known Austin banker like Joe will be a significant asset for the Austin team. We couldn’t be more excited to have him join us.” Said Wilkinson, “With Joe’s understanding of the bank and his Central Texas connections, we know he will be a great resource to help us communicate what we want the San Antonio community to know about American Bank: our bankers understand the needs of businesses in this market, we care about our local community, we have the technology, products and services to make a difference for clients, and we’re focused on building relationships rather than simply opening accounts or making loans.”
Petet re-joins American Bank in this new role, having served as Austin Market President in 2009 and 2010. He began his banking career at First National Bank in Dallas, a predecessor to Bank of America. He then spent several years in Corpus Christi with MBank Corpus Christi, before moving to Austin in 1990 as President of Bank One. In 1996, Petet joined Guaranty Bank in Dallas and served in various executive roles there until the bank was acquired by BBVA Compass in 2009. For the past eight years, he served as Austin Market CEO for BBVA Compass, retiring at the end of 2018.
Petet graduated from the University of Texas at Austin with a BBA in Finance and from the Southwestern Graduate School of Banking at Southern Methodist University in Dallas, Texas. He has been active in the Austin community, serving in various roles with non-profits and civic organizations. Most recently, Petet was a member of the Executive Committee of the Greater Austin Chamber of Commerce and President of Ronald McDonald House Charities of Central Texas. He has also been involved with the Helping Hand Home for Children in Austin and was a founding member and initial President of the Austin Community Development Corporation, now known as PeopleFund.
About American Bank
American Bank was founded in Corpus Christi, Texas in 1970. It is an independent financial institution with assets totaling nearly $1.4 billion as of December 31, 2018. The bank now has 16 locations in the communities of Austin, Corpus Christi, Goliad, Houston, Port Aransas, Rockport, San Antonio and Victoria. It also operates a network of 18 ATMs. The bank’s strategic plan includes growth in the size and scope of the bank’s operations and geographic footprint; an enhanced, exceptional banking experience for clients; and a position as a leading regional Texas bank. Services include commercial banking, with Centers of Excellence specializing in commercial real estate, medical, energy, SBA and technology lending; a full range of business and personal deposit accounts and loans; Private Banking for executives and professionals; Treasury Management services; construction and home-related loans; and a full range of electronic banking services. In addition, the bank’s subsidiaries and other partners offer trust and asset management, insurance, and non-bank investment services. Those partners include American Bank Trust and Asset Management, the American Financial Insurance Services affiliate Borden Insurance, and American Investment Services, a division of Herndon Plant Oakley Ltd., member FINRA/SIPC. Member FDIC. Equal Housing Lender.