07/21/2023: R Bank Welcomes Charles McElrath

R Bank Welcomes Charles McElrath as Senior Vice President, Commercial Lender, and Community Development Director

ROUND ROCK, TX July 21, 2023 — R Bank is pleased to share the news that CharlesMcElrath has joined the R Bank team as Senior Vice President, Commercial Lender, and Community Development Director. McElrath brings a wealth of experience in commercial lending, finance, and community development, especially within low-to-moderate income census tract areas and underserved communities.

Through his roles in banking and community development, McElrath has been committed to fostering economic revitalization, and champions for businesses and individuals in underserved market areas. His passion for helping new and existing businesses succeed has been a driver of his success, specifically by securing financing for businesses located in underserved areas.

“I am excited to continue my long history of being a champion for underserved communities with R Bank”. said McElrath. “My commitment and passion for working with business owners and organizations located in underserved areas in the markets that R Bank serves will be evident based upon my new employer’s commitment to all communities and me.”

McElrath’s experience aligns with R Bank’s mission to drive positive change and economic growth in the communities it serves. His addition to the team will fortify the bank’s dedication to fostering community development and expanding its commercial lending capabilities.

Steve Stapp, President, and CEO of R Bank, expresses his confidence in McElrath’sability to strengthen the bank’s commitment to economic development in under-resourced areas.

“Charles joining our team is a reflection of R Bank’s commitment to community-centered banking and sustainable growth,” said Stapp. “His experience and passion for revitalizing economically challenged communities positions him as an asset in furthering our mission. We believe his desire for aiding underserved areas will create new opportunities for economic growth and community development.”

McElrath’s primary focus will be on promoting R Bank’s small business lending products and programs while also facilitating community development initiatives.

R Bank is committed to serving the financial needs of its customers and communities. With a focus on driving sustainable economic growth, R Bank delivers tailored financial solutions that support the unique needs of its customers while promoting community development.


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