Kansas City, Mo.-based North American Savings Bank Financial appointed Enrique Venegas as president of both the company and its subsidiary North American Savings Bank.
Venegas’ appointment was effective Oct. 1. He was also named company CEO, and will replace Thomas Wagers after he retires following the company’s stockholders meeting in January 2025. Wagers is expected to remain on the boards of both North American Savings Bank Financial and the $2.8 billion North American Savings Bank after he retires.
NASB Chair David Hancock credited Wagers for leading the bank through its exodus from the consumer direct lending business in 2023. “His steadiness, banking acumen and teambuilding focus has positioned us for a bright future,” Hancock said. “I, as well as all of our managers, have come to rely on him for direction, advice and encouragement.”
Venegas, previously executive vice president and chief lending officer, was also appointed to the boards of both the company and North American Savings Bank. NASB hired him as chief credit officer in 2013.