R Bank announces the retirement of President and CEO, Steve Stapp, marking the end of a remarkable era of leadership. Steve’s tenure, spanning 16 years, has led the bank from a single location with 12 employees to a successful institution operating 10 locations with over 150 employees, all deeply rooted in the values of community-driven banking.“We are thrilled to welcome Todd Engemoen as our new President and CEO,” said Reese Ryan. “His depth of experience and alignment with our core values make him the perfect choice to lead R Bank into the future. We extend our deepest gratitude to Steve for his exceptional leadership and dedication.”
Todd Engemoen, a native of Austin, brings over 15 years of comprehensive banking experience to his new role. Todd attended the University of Texas, where he earned a Bachelor of Arts in Economics and a Master of Business Administration with a concentration in Finance. His impressive career has seen him hold pivotal positions in the financial services industry, with him serving most recently as Executive Vice President and Chief Financial Officer of another banking institution prior to joining R Bank. Todd’s extensive background includes strategic planning, operational excellence, and customer-centric initiatives, making him exceptionally well-equipped to lead R Bank into its next chapter.
“I am honored to step into this role and build upon the foundation that Steve has established,” said Todd Engemoen. “R Bank is known for its commitment to doing the right thing for our customers, employees, and communities. I look forward to continuing this tradition, building relationships with our customers and communities while driving our mission forward.”
Todd’s appointment marks a new chapter for R Bank, bringing a wealth of expertise to the leadership team. His deep roots in the Austin area, experience, and strong educational background have equipped him with a unique perspective on the local community’s financial needs. Todd’s strategic vision and innovative approach are expected to drive R Bank’s growth and enhance its service offerings to serve its valued customers better.
Steve Stapp’s legacy is one of growth, community involvement, and unwavering dedication to personalized service. Under his leadership, R Bank has become a pillar in the community, known for its commitment to fostering relationships and supporting local businesses. As he steps down, the bank is well-positioned for continued success under Todd’s leadership.
Reflecting on his retirement, Steve Stapp shared, “It has been an incredible journey leading R Bank and working with the best bankers and individuals in the community. Our success is built on the relationships we’ve created, and I am confident that Todd will continue to build on this legacy.”
R Bank remains steadfast in its mission of being the bank that goes above and beyond for customers and communities. With Todd Engemoen’s leadership and the continued support of the Board of Directors, R Bank is positioned for continued growth and success.
For media inquiries, please contact: Katie Woods, Vice President and Director of Marketing R Bank (kwoods@r.bank).