Succession Announcement

Graham, TX, April 26 – Graham Savings and Loan, SSB announced that the bank’s longtime Chief Executive Officer, Troy Lambden, will step down as CEO but will remain with the bank in the role of Senior Risk Officer effective Monday, July 1st, 2024.

Lambden began his career at Graham Savings as the bank’s controller in 1984 and will celebrate his 40th year with Graham Savings this October. During Lambden’s tenure, the bank has seen asset growth and success. Lambden will remain on the Board of Directors and will continue to ensure the bank’s health and prosperity through his role as the bank’s Senior Risk Officer.

“Troy Lambden has endured and stayed the course through financial highs and lows, economic booms and busts, and kept Graham Savings a strong and steady institution,” Chairman of the Board Shannon Potts said.

“The board of directors understands Troy’s desire to take the next steps in preparing to spend more time with his family and grandchildren,” Potts explained. “While he will be lessening his responsibilities with Graham Savings, we are grateful he is still willing to dedicate himself to the areas of the bank he knows best, which will ensure the future of the bank will continue with his guidance and experience.”

It was also announced that Codie Hedge will succeed Lambden as the CEO of Graham Savings. Hedge joined Graham Savings in 2011 and will continue to serve as the bank’s President and Senior Lending Officer, as well as a member of the Board of Directors.

“As a small community bank, we each individually serve our institution in many different ways in the combined effort to serve our customers,” said incoming CEO Codie Hedge. “I am honored to add CEO to the duties that I currently perform with Graham Savings and Loan.”

“We are blessed to have Troy’s many years of knowledge and experience as CEO as part of our team and are blessed with a bank-wide team of individuals who are willing to work hard every day towards our institution’s goals,” said Hedge.

Graham Savings has a 90-year tradition of serving families and businesses through its locations in Graham, Breckenridge, and Possum Kingdom.