Jason McCrary
About Jason McCrary
Jason McCrary (age 55) is Chief Financial Officer of Texas Community Bancshares, Inc. (TCBS) and Broadstreet Bank, effective December 1, 2025 . He joined TCBS in December 2024 as Vice President of Finance/Accounting and previously served as CFO of BTH Bank, N.A., a nearly $2 billion institution prior to its acquisition by Origin Bank; he continued with Origin Bank through April 2024 . McCrary is a Certified Public Accountant in Texas and holds a Bachelor’s degree from Abilene Christian University and a BBA in Accounting from the University of Texas at Arlington; he began his career in Deloitte’s Audit and Assurance practice and also held corporate finance/accounting roles at a global pharmaceutical company . TCBS’s 2024 year was characterized by balance sheet rebalancing that resulted in a loss while positioning for rates up or down, with management emphasizing continued asset quality and interest-rate risk mitigation going forward .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Texas Community Bancshares / Broadstreet Bank | Chief Financial Officer | Effective Dec 1, 2025 | Lead finance, reporting, planning, compliance; supports long-term growth/profitability strategy |
| Texas Community Bancshares / Broadstreet Bank | VP – Finance/Accounting | Dec 2024–Nov 2025 | Advanced financial operations and reporting processes |
| Origin Bank | Finance leadership | Through Apr 2024 | Post-acquisition financial integration and reporting |
| BTH Bank, N.A. (~$2B assets) | Chief Financial Officer | Dec 2020–Oct 2022 | Led financial reporting, strategic planning, M&A, regulatory compliance |
| Deloitte & Touche LLP | Audit & Assurance | Not disclosed | Foundation in audit, controls, and financial reporting |
| Global pharmaceutical company | Finance/Accounting | Not disclosed | Corporate finance and accounting experience |
External Roles
| Organization | Role | Period | Notes |
|---|---|---|---|
| Public company boards | None disclosed | — | No public company directorships disclosed |
Fixed Compensation
| Component | Amount/Term | Notes |
|---|---|---|
| Base Salary | $150,000 per year | Paid per customary payroll; subject to Board/Comp Committee adjustment |
| Bonus Eligibility | Eligible under senior management bonus plan and/or discretionary bonus | No target % disclosed |
| Benefits | Eligible for senior management benefits/perquisites | Bank may amend/cancel plans; consistent with peers |
| Paid Time Off | 25 days per year | Plus Bank holidays |
| Expense Reimbursement | Reasonable business expenses; memberships as mutually agreed | Subject to policy; reimbursed timely |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Annual bonus (plan/discretionary) | Not disclosed | Not disclosed | Not disclosed | At Board/Comp Committee discretion | Not applicable; cash bonus |
TCBS maintains a 2022 Equity Incentive Plan providing stock options and restricted stock/RSUs with five-installment vesting; timing avoids closed windows. No equity grant to McCrary is disclosed to-date .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership | Not disclosed in filings for McCrary |
| Vested vs Unvested | Not disclosed (no equity award reported) |
| Options (exercisable/unexercisable) | Not disclosed (no equity award reported) |
| Ownership Guidelines | Not disclosed |
| Hedging/Pledging | Company prohibits hedging with derivative securities; pledging not specifically addressed in filings reviewed |
Employment Terms
| Provision | Economics / Terms |
|---|---|
| Agreement Term | Initial 1-year term from Dec 1, 2025, auto-renews annually unless non-renewal notice ≥30 days pre-expiry; extends to at least 2 years if a Change in Control occurs |
| Severance (No CIC) | If terminated without cause or resigns with good reason: lump-sum equal to remaining base salary plus bonus opportunity (highest annual bonus in last 3 years) for remainder of term; COBRA reimbursement up to 18 months; plus Accrued Obligations |
| Severance (Change-in-Control) | Double-trigger within 2 years post-CIC: 2x base salary (higher of current or any of prior 3 years) + average annual cash bonus for last 3 completed years; COBRA reimbursement up to 18 months; plus Accrued Obligations |
| “Good Reason” | Material reduction in base/incentive opportunity, material reduction in duties, or material breach by Bank |
| Restrictive Covenants | 1-year non-solicitation of customers and employees; confidentiality; non-disparagement; cooperation |
| Arbitration / Indemnification | Arbitration within 50 miles of Mineola; D&O coverage and indemnification per charter/bylaws |
| Regulatory Limits | No payments prohibited by FDIA §18(k) / 12 CFR Part 359; Section 409A compliance |
Compensation Structure Analysis
- Base pay set at $150,000 with discretionary/plan bonus, but no disclosed performance metrics or targets, limiting visibility into pay-for-performance alignment at appointment .
- Severance is moderate outside CIC (remaining term base+bonus) and more robust under CIC (2x base + average bonus), with clear double-trigger protection; COBRA reimbursements add value .
- No equity grants disclosed at appointment; while the 2022 Equity Incentive Plan exists (options/RSUs, five-installment vesting), lack of disclosed initial equity reduces near-term alignment via “skin-in-the-game” until awards are granted .
Performance & Track Record
- Advanced TCBS’s financial operations since joining in 2024; brings two decades of community banking leadership including CFO of a ~$2B institution (pre-acquisition) .
- 2024 corporate backdrop: balance sheet reshaping caused a loss, but management emphasized stronger positioning for various rate scenarios and maintained asset quality focus .
Investment Implications
- Alignment: Absence of disclosed equity awards at appointment suggests lower immediate ownership alignment; monitor for upcoming RSU/option grants under the 2022 Equity Incentive Plan and any Form 4 filings (insider purchases/sales) .
- Incentive design: Bonus eligibility without disclosed performance KPIs reduces transparency; watch for proxy updates on CFO performance metrics (net interest margin, efficiency ratio, credit quality, ROA/ROE) in next DEF 14A .
- Change-of-control economics: Double-trigger 2x base+average bonus is standard for banking CFOs; not excessive but could impact retention during strategic reviews/M&A .
- Retention risk: One-year term with auto-renew and moderate non-solicit mitigates near-term turnover risk; severance provisions provide cushion against abrupt transitions .
- Governance signals: Anti-hedging policy is positive; ensure future disclosures address pledging and ownership guidelines to strengthen alignment optics .
Sources: TCBS 8-K (CFO transition, Employment Agreement for Jason McCrary) ; Press release background ; DEF 14A governance, equity plan, and risk context .