CEO Thomas B. Wagers Retires from NASB Financial in Kansas City

In Kansas City, Missouri, NASB Financial, Inc. announced the retirement of its Chief Executive Officer, Thomas B. Wagers, effective after the annual stockholders meeting in January 2025. Wagers, who has been instrumental in guiding the company through challenging times, will continue to serve on the Board of Directors for both NASB Financial and its banking subsidiary, North American Savings Bank, F.S.B. His leadership has been pivotal, particularly during the company's exit from the Consumer Direct business, which was deemed not suitable for long-term growth. Enrique Venegas has been appointed as the new CEO, effective immediately, and will also serve as President of both entities. Venegas, who has over twenty years of banking experience, previously held the position of Executive Vice-President and Chief Lending Officer at NASB. His appointment is seen as a strategic move to ensure continuity and leverage his experience in leading the company forward. The transition in leadership comes at a time when the company is focusing on its long-term mission and strategies. The Board expressed confidence in Venegas's capabilities, emphasizing the importance of his leadership and innovative ideas in achieving the company's goals. This change in leadership marks a significant moment for NASB Financial as it prepares for future challenges and opportunities in the banking sector, with Wagers' ongoing involvement expected to provide valuable guidance during this transition.