Bryan Summerville
About Bryan Summerville
Independent director at Texas Community Bancshares, Inc. (TCBS); age 61 (as of 12/31/2024); director since 2022. Background includes 40 years as Operations Manager at Tyler Pipe (Tyler, TX), current employment at Zurn Elkay Systems, ownership of East Texas Crete (decorative concrete), and service on the Lindale City Council, indicating deep operations, small business, and municipal leadership experience .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Tyler Pipe Company (Tyler, TX) | Operations Manager | ~40 years (prior to current) | Long-tenured industrial operations leadership |
| Texas Community Bancshares/Broadstreet Bank | Advisory Director (pre-board) | Since 2020 | Precursor to full directorship; community and governance continuity |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Zurn Elkay Systems | Employee | Current | Industry role alongside TCBS board service |
| East Texas Crete | Owner | Current | Small business ownership; potential customer network knowledge |
| Lindale City Council | Council Member | Current | Municipal governance experience |
Board Governance
- Independence: Board determined Summerville is independent (all directors independent except the CEO Jason Sobel and related-party director Anthony R. Scavuzzo) .
- Committees (FY 2024): Compensation Committee (member); Committee meetings in FY 2024: Audit 6, Compensation 7, Nominating & Corporate Governance 2 .
- Chair roles: None disclosed for Summerville (Compensation Committee chaired by Robert L. Smith, III) .
- Attendance: No director attended fewer than 75% of the total Board and committee meetings in FY 2024; all directors attended last year’s annual meeting .
- Board structure: Independent Chair (Glen Thurman); separation of Chair and CEO roles; Board oversees risk across credit, interest rate, liquidity, operational, strategic, and reputation risks .
Fixed Compensation
| Component (USD) | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Annual Cash Retainer | $24,000 | $24,000 | $24,000 |
| Committee/Chair Fees | — (none disclosed) | — (none disclosed) | — (none disclosed) |
| Meeting Fees | — (none disclosed) | — (none disclosed) | — (none disclosed) |
| Total Cash | $24,000 | $24,000 | $24,000 |
Performance Compensation
| Year | Award Type | Grant Date | Shares/Options | Vesting Schedule | Performance Metrics |
|---|---|---|---|---|---|
| 2022 | Restricted Stock | Aug 31, 2022 | 3,257 | 5 equal annual installments; first vest Aug 31, 2023 | None (time-based) |
| 2022 | Stock Options | Aug 31, 2022 | 8,144 | 5 equal annual installments; first vest Aug 31, 2023 | None (time-based) |
| 2023 | New Director Equity Grants | — | — | — | No new equity grants disclosed for Summerville |
| 2024 | New Director Equity Grants | — | — | — | No new equity grants disclosed for Summerville |
Notes:
- 2022 equity award grant-date fair values for directors: RSUs $52,112; options $52,936 (time-based vesting) .
- For 2024, director compensation for Summerville consisted solely of cash retainer; no equity awards .
Other Directorships & Interlocks
| Company | Public/Private | Role | Committee Roles | Interlocks/Notes |
|---|---|---|---|---|
| — | — | — | — | No public company directorships disclosed for Summerville in TCBS proxies; external roles limited to employment, small business ownership, and municipal council . |
Expertise & Qualifications
- Operations management (industrial), small business ownership, municipal governance; advisory director since 2020 prior to board service in 2022 .
- Brings on-the-ground leadership and community engagement relevant to a community bank footprint .
Equity Ownership
| Date (As of) | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Jun 30, 2022 | 45,000 | 1.4% | Initial holdings post-IPO era; from 2022 proxy table |
| Mar 28, 2024 | 48,257 | 1.5% | From 2024 proxy table |
| Mar 27, 2025 | 51,514 | 1.7% | 2025 proxy notes that each named director has 3,257 options exercisable within 60 days included; none of the named individuals has pledged shares |
Additional alignment/controls:
- Anti-hedging: TCBS prohibits directors from hedging company stock; supports alignment with shareholders .
- Related-party loans: Any director/officer loans made by the bank were on market terms, ordinary course, and compliant; no other related-party transactions >$120,000 since Jan 1, 2024 .
Insider Trades
| Date | Form | Transaction Detail | Shares Reported | Notes |
|---|---|---|---|---|
| Feb 11, 2022 | Form 3 (Initial) | Initial statement of beneficial ownership | 25,000 | Director status effective Jan 26, 2022 |
| Feb 28, 2022 | Form 3/A (Amendment) | Amended initial beneficial ownership | 45,000 | Amended to 45,000 common shares |
| 2023–2025 | — | No Summerville Form 4 transactions referenced in TCBS proxies; Section 16(a) compliance noted (one late filing by CFO in 2024; not Summerville) | — | Compliance narrative in proxies; no Summerville exceptions noted |
Governance Assessment
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Strengths
- Independent director with no disclosed related-party transactions; anti-hedging policy in place; no pledged shares cited for named individuals .
- Consistent attendance (no director under 75%); engaged on Compensation Committee; committee fully independent; 7 Compensation Committee meetings in FY 2024 .
- Meaningful ownership for a community bank director (1.7% as of Mar 27, 2025), enhancing alignment with shareholders .
-
Watch items
- Compensation for 2023–2024 was all-cash retainer (no new equity awards), reducing at-risk mix versus 2022 when directors received time-based RSUs and options; however, Summerville remains a sizable shareholder .
- Director/officer lending can pose perceived conflicts at banks; TCBS discloses all such loans were ordinary-course, market terms, and compliant; no other related-party transactions >$120,000 since Jan 1, 2024 .
-
Overall view
- Independence, attendance, anti-hedging, and material share ownership support investor confidence; no red flags identified specific to Summerville in committee roles, attendance, or related-party dealings based on available disclosures .