ABILENE, Texas, Feb. 22, 2010 (GLOBE NEWSWIRE) -- First Financial Bankshares, Inc. (Nasdaq:FFIN) is scheduled to ring the closing bell at the NASDAQ MarketSite in New York City on February 24, 2010. Kenneth T. Murphy, Senior Chairman of the Board and former Chairman, President and CEO of First Financial Bankshares, will ring the closing bell.
The event will honor Mr. Murphy for his 39 years of service to First Financial Bankshares. He is retiring from the Board of Directors at the Company's Annual Shareholders' Meeting in April. Mr. Murphy joined the Company in 1971 and served as Executive Vice President, President, Chief Executive Officer, Chairman and Senior Chairman. He also served as President, CEO and Chairman of First Financial Bank, N.A., Abilene, one of the Company's subsidiaries. Among his many professional and civic achievements, Mr. Murphy served as Director, Treasurer and Chairman of the Texas Bankers Association and as a Class A Director of the Federal Reserve Bank of Dallas. In 2003, he was honored as the Outstanding Citizen of the Year by the Abilene Chamber of Commerce.
"We are pleased to bestow this special honor on Ken at the NASDAQ headquarters in New York City," said F. Scott Dueser, Chairman, President & CEO of First Financial Bankshares. "Ken served our company with distinction and led the bank successfully through a period of steady growth and change."
The closing bell ceremony will occur between 3:45 and 4 p.m. (Eastern Time) on February 24. A live webcast of the ceremony will be available during the event at http://www.nasdaq.com/about/marketsitetowervideo.asx.
About First Financial Bankshares
Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates 10 separately chartered banks with 50 locations in Texas. The bank subsidiaries are First Financial Bank, N.A., Abilene, Albany, Clyde, Moran and Odessa; First Financial Bank, N.A., Eastland, Ranger and Rising Star; First Financial Bank, N.A., Cleburne, Burleson, Alvarado and Midlothian; First Financial Bank, Hereford; First Financial Bank, N.A., Mineral Wells; First Financial Bank, N.A., San Angelo; First Financial Bank, N.A., Southlake, Bridgeport, Boyd, Decatur, Keller and Trophy Club; First Financial Bank, N.A., Stephenville, Granbury, Glen Rose and Acton; First Financial Bank, N.A., Sweetwater, Roby, Trent and Merkel; and First Financial Bank, N.A., Weatherford, Willow Park, Aledo, Brock and Fort Worth. The Company also operates First Financial Trust & Asset Management Company, N.A., with six locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial Bankshares, please visit our Web site at http://www.ffin.com.
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Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect", "plan", "anticipate", "target", "forecast" and "goal". Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents/Filings" on the Company's Web site or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.