NASB Financial in Kansas City, Mo., will have a new leader in 2025.
The parent of the $2.8 billion-asset North American Savings Bank said in a press release that Tom Wagers will retire in January. He will be succeeded by Enrique Venegas, who was recently promoted to serve as president.
Wagers will remain on the board as NASB and its bank.
Venegas, who joined NASB in 2013, was the company’s chief lending officer.
“Tom steered NASB through some very difficult and challenging times, including guiding us through the exit from the consumer direct business after we decided this was not the right long-term course for our company,” NASB Chairman David Hancock said in the release.
“The board and I are grateful to have someone of Enrique’s experience and talent waiting in the wings to assume the CEO role,” Hancock added. “We believe his leadership, energy and ideas are going to be instrumental in helping the Company achieve its mission.”