Texas Border Business
McAllen, TX – Samuel J. Munafo, President and CEO of Vantage Bank Texas, a $2 billion bank with offices in San Antonio, Fort Worth, the Rio Grande Valley, Laredo and El Paso, will retire on March 31st.
Effective with Munafo’s retirement, Jeff Sinnott, Vantage Bank Texas Senior Executive Vice President of Operations, Technology and ERM will become the Bank’s President and CEO, replacing Munafo on the Vantage Bank Board of Directors.
Munafo, 69, has been in banking for 48 years. “Sam’s contributions to Vantage Bank Texas and Inter National Bank, have been outstanding. He arrived at a critical time in the history of Inter National Bank and his leadership was instrumental in building a strong community bank which was ultimately acquired by the Collins Family Trusts. He led Vantage Bank Texas and Inter National Bank through a merger in the Fall of 2018 and oversaw Vantage Bank’s expansion into Fort Worth in 2019. Sam is a great banker and well-respected leader in our communities. We will miss him and wish Sam and his wife, Sharon, an enjoyable and adventure-filled next chapter in their lives.” said James W. Collins, Chairman of the Board of Vantage Bank Texas.
Incoming President and CEO, Jeff Sinnott joined Vantage Bank Texas in 2018 in his current role. Previously, he was Executive Vice President, Chief Operations Officer for Southwest Bank. He has been an active leader in commercial banking, operations and technology for more than 20 years. Jeff has also worked with several of the largest financial intuitions and global consumer product companies leading a variety of large technology initiatives that include early adoptions of paperless workflows and cloud-based solutions, coveted experience in today’s ever-changing financial services landscape.
Collins continued, “On behalf of the Board of Directors and the entire Vantage Bank Texas team, I would like to congratulate Jeff on his appointment as President and CEO. He will work with Rafael Garza, Executive Vice Chairman, to enhance our customer-centric service culture and further our commercial and consumer banking capabilities to better serve our customers and communities. Jeff is a true visionary and leader and we all look forward to supporting him on his mission to build the best community bank in Texas.”
Vantage Bank Texas has $2 billion in assets. The bank is headquartered in San Antonio, with operations and branches in the Rio Grande Valley, Fort Worth, Laredo, El Paso, Hondo and Refugio.