As it nears half a century in business and embarks on a bold growth plan, American Bank NA later this year will replace its chief executive.
The bank, which is based in Corpus Christi but has a large and growing Austin office, on Friday announced that CEO Richard Scanio will step down on Dec. 31 and will be replaced by Stephen Raffaele.
American Bank was founded in 1970 and had nearly $1.4 billion in assets as of March 31. It has 14 locations, many of them on the Gulf Coast, and specializes in…
