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Southside Bancshares Inc. (SBSI)On Feb 9: 19.66   0.00 (0.00%)  
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Southside Bancshares Inc.
1201 South Beckham
Tyler, TX 75701
United States - Map
Phone: 903-531-7111
Fax: 903-592-3692
Web Site: http://www.southside.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:N/A

BUSINESS SUMMARY 
Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that offers various financial products and services to individuals, businesses, municipal entities, and non-profit organizations. The company provides various deposit products, including savings, money market, interest and non-interest bearing checking accounts, and certificates of deposit. Its consumer loan services include 1-4 family residential mortgage loans, home equity loans, home improvement loans, automobile loans, and other installment loans; and commercial loan services comprise short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans. The company also provides construction loans for 1-4 family residential and commercial real estate. In addition, Southside Bancshares offers trust services, including investment, management, administration, and advisory services; safe deposit services; brokerage services; and telephone, the Internet, and electronic banking services, as well as automatic teller machine (ATM) services. Further, the company, through its 50% interest in Southside Financial Group, LLC, engages in the purchase of automobile loan portfolios from lenders throughout the United States. As of December 31, 2008, it operated 44 branch locations in Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Seven Points, Palestine, Forney, Gun Barrel City, Athens, Whitehouse, Fort Worth, Arlington, and Austin, of which 18 are located in grocery stores, as well as operated a network of 47 ATMs. The company was founded in 1960 and is based in Tyler, Texas.
Key Statistics

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    CORPORATE GOVERNANCE 
    Southside Bancshares Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Feb-10 is better than 24.8% of Russell 3000 companies and 38.1% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. B. G. Hartley , 80
    Chairman, Chief Exec. Officer, Chairman of Southside Bank and Chief Exec. Officer of Southside Bank
    $ 619.00K $ 0
    Mr. Robbie N. Edmonson , 78
    Vice Chairman, Vice Chairman of Southside Bank and Chief Admin. Officer of Southside Bank
    $ 7.00KN/A
    Mr. Sam Dawson , 62
    Pres, Sec., Director, Pres of Southside Bank, Chief Operating Officer of Southside Bank of Southside Bank
    N/A N/A
    Mr. Lee R. Gibson CPA, 53
    Chief Financial Officer, Principal Accounting Officer, Exec. VP, Chief Financial Officer of Southside Bank, Exec. VP of Southside Bank of Southside Bank
    N/A N/A
    Mr. Jeryl Story , 58
    Exec. VP, Sr. Exec. VP of Loan Admin. of Southside Bank, Sr. Lending Officer of Southside Bank of Southside Bank
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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