Encore Bank of Little Rock announced Thursday its expansion into Dallas and Fort Worth, Texas.
The bank, which is also moving its headquarters to Suite 100 at 1801 Rahling Road in west Little Rock, announced that Marc Massad has been named executive vice president and regional president of Dallas, and Scott Jones has been named executive vice president and regional president of Tarrant County.
“Early on in the Encore Bank story, we made our intent to operate in the Dallas and Fort Worth markets a top priority. Our philosophy of being a private, boutique bank that promotes a culture of empowerment and innovation, we believe, is a great fit in these markets,” Vice Chairman and President Phillip Jett said in a news release. “Our passion for delivering products and services with a unique client experience will go well with the traditions and expectations of the individuals and businesses in the North Central Texas market.”
Massad is a 16-year Texas banking veteran. He was senior vice president and commercial group manager at IberiaBank Corp. from 2014 to 2020, a commercial banker at Mutual of Omaha Bank, and held various positions with Bank of Texas, including credit analyst and assistant vice president.
Jones, a seventh-generation Texan, began his 35-year banking career with Interfirst Bank N.A. He held retail and commercial banking positions at Bank One and served as the middle market commercial banking manager at SouthTrust.
Before joining Encore Bank, Jones was the Tarrant County market president. Previously, he was the Dallas-Fort Worth market president for Regions Bank. Before that, he served as Tarrant County area executive of First Horizon Bank.
“We will only enter a market when we find the perfect leader,” Jett said in the release. “As we studied the Dallas and Fort Worth markets, two names kept being brought up again and again, those were Marc and Scott.”
The bank recorded a $1.2 million profit through the first two quarters of 2020. That compares with a loss of $1.4 million for the same period in 2019 when Encore was ramping up operations. It has $584 million in assets.
Sign up for Daily E-news
