CNB&T Announces Retirement of President
July 6, 2026
Community National Bank & Trust of Texas Announces Retirement of President Tim Stites and Appointment of Rusty Hitt as CEO & President
[CORSICANA, TX] – July 6, 2026 – The Board of Directors for Community Bank Holdings of Texas, the holding company of Community National Bank & Trust of Texas, announced the retirement of President Tim Stites after an extraordinary 42-year career with the bank. Following Stites' retirement, Rusty Hitt has been named Chief Executive Officer and President of the bank.
Stites' retirement marks the conclusion of a remarkable banking career, and the continuation of a family legacy that has shaped Community National Bank & Trust of Texas for generations. Following in the footsteps of father Zane Stites, who dedicated over 30 years of service to the institution, Tim's journey began as a teenager mowing the bank's lawns. He later worked as a teller—his first official role with the bank—and steadily advanced through the organization before being named President in 2018. Throughout his career, Stites embodied the values of community banking, servant leadership, and commitment to customer relationships. His influence extended beyond the bank through extensive involvement in community service, including leadership and participation on numerous local boards and service organizations throughout Corsicana.
"Tim's impact on this organization is immeasurable," said CEO Rusty Hitt. "For more than four decades, he has led with integrity, wisdom, and an unwavering commitment to both our customers and employees. His leadership helped preserve the culture and values that make CNB&T a trusted financial partner in each of our communities. We are grateful for his service and pleased that he will continue to provide guidance as a member of the holding company’s Board of Directors."
Hitt's appointment as CEO and President reflects a leadership transition built on continuity, experience, and a deep understanding of the bank's mission and markets. Hitt joined CNB&T in 1996 and served as a trusted Chief Lending Officer for 14 years before being promoted to Chief Executive Officer in 2018. He also serves on the holding company’s Board of Directors. A dedicated advocate for the communities served by the bank, Hitt is actively involved in numerous local organizations, serving on the Board of Directors for the Navarro College Foundation, the YMCA of Corsicana, and the Heritage Bowl.
Together, Hitt and Stites formed a highly successful leadership partnership that guided a period of unprecedented growth for the organization. Since the end of 2017, the bank has expanded from approximately $720 million in assets to $1.6 billion in assets at the end of 2025. During that time, Community National Bank & Trust of Texas added seven new branch locations, significantly expanding the bank’s presence across Texas while maintaining a community banking focus.
"The growth and success our organization has experienced over the past decade is a direct reflection of the strong leadership partnership between Tim and Rusty," Board member Byron Cook stated. "Their shared commitment to our customers, communities, and employees positioned the bank for sustainable growth while preserving the culture that has defined our institution for generations."
As Community National Bank & Trust of Texas enters its next chapter, the Board expressed confidence in the organization's future leadership and continued commitment to serving Texas communities. "Community National Bank & Trust of Texas has always been defined by strong relationships, local leadership, and a commitment to helping our communities thrive," the Board concluded. "We celebrate Tim's extraordinary legacy and look forward to continued success under Rusty's leadership."
To learn more about Community National Bank & Trust of Texas, visit MyBankTX.com.