The estimated Net Worth of Melvin B Lovelady is at least $189 mil dollars as of 12 March 2020. Mr. Lovelady owns over 2,000 units of Southside Bancshares Inc stock worth over $64,500 and over the last 20 years he sold SBSI stock worth over $0. In addition, he makes $124,500 as Independent Director at Southside Bancshares Inc.
Melvin has made over 17 trades of the Southside Bancshares Inc stock since 2005, according to the Form 4 filled with the SEC. Most recently he bought 2,000 units of SBSI stock worth $52,940 on 12 March 2020.
The largest trade he's ever made was buying 2,000 units of Southside Bancshares Inc stock on 12 March 2020 worth over $52,940. On average, Melvin trades about 577 units every 289 days since 2005. As of 12 March 2020 he still owns at least 2,000 units of Southside Bancshares Inc stock.
You can see the complete history of Mr. Lovelady stock trades at the bottom of the page.
Melvin B. Lovelady CPA serves as Independent Director of the Company. Mr. Lovelady has a BBA with a major in accounting, has been a licensed CPA since 1967, is a member of the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and the East Texas Chapter of the Texas Society of Certified Public Accountants. He was a founding member of Henry & Peters Financial Services, LLC, organized in 2000. He was an officer and shareholder of the accounting firm, Henry & Peters, PC from November 1987 through December 31, 2004. Prior to joining Henry & Peters, PC, he was a partner in the accounting firm of Squyres Johnson Squyres CPA. He is a member of the Board of Directors of the Tyler Junior College Foundation, the Hospice of East Texas Foundation, the Alzheimer's Alliance of Smith County and a Trustee of the R. W. Fair Foundation. Mr. Lovelady is a former partner with two accounting firms and a current or prior member of numerous boards, including serving on this Board since 2005, all of which qualify him to be a member of the Board.
As the Independent Director of Southside Bancshares Inc, the total compensation of Melvin Lovelady at Southside Bancshares Inc is $124,500. There are 9 executives at Southside Bancshares Inc getting paid more, with Lee Gibson having the highest compensation of $2,629,140.
Melvin Lovelady is 83, he's been the Independent Director of Southside Bancshares Inc since 2005. There are 1 older and 23 younger executives at Southside Bancshares Inc. The oldest executive at Southside Bancshares Inc is Herbert Buie, 89, who is the Independent Director.
Melvin's mailing address filed with the SEC is 1201, South Beckham Avenue, Tyler, Smith County, Texas, 75701, United States.
Over the last 21 years, insiders at Southside Bancshares Inc have traded over $5,902,422 worth of Southside Bancshares Inc stock and bought 138,905 units worth $3,096,193 . The most active insiders traders include Bg Hartley, M Richard Warner y Charles E Dawson. On average, Southside Bancshares Inc executives and independent directors trade stock every 25 days with the average trade being worth of $113,423. The most recent stock trade was executed by T L Jr Arnold on 23 August 2024, trading 4,667 units of SBSI stock currently worth $123,629.
southside bancshares, inc., the holding company for southside bank, is headquartered in tyler, texas. with approximately $4.9 billion in assets, southside is the ninth-largest bank headquartered in texas, by deposits. southside bank operates 64 banking facilities in east, north and central texas. the bank also operates a network of over 70 local atms, and is affiliated with more than 55,000 foreign atms worldwide. established in 1960, southside bank is a community-focused financial institution that offers a full range of financial services to individuals, businesses and nonprofit organizations. these services include: consumer and commercial loans; mortgages; loans to municipalities; personal, small business and commercial deposit accounts; safe deposit boxes; business services; credit cards; atms; trust and wealth management; brokerage services; and an array of online and mobile services. member fdic equal housing lender
Southside Bancshares Inc executives and other stock owners filed with the SEC include: