After year of record revenue and profit, S.A. bank removes interim from CEO and president's title

After San Antonio's Broadway Bank posted record revenue and profit last year, it probably comes as no surprise that Harvey P. Hartenstine has shed the interim from his CEO and president title.

The second-largest bank based in San Antonio, with about $5.9 billion in assets at the end of last year, announced that its board unanimously voted to make Hartenstine permanent CEO and president about eight months after he was given the interim titles with the retirement of CEO David Bohne.

Hartenstine, 65, has been with Broadway Bank for 34 years, previously serving as president and chief banking executive since 2020. He has been a director since 2019.

"I am honored to continue serving Broadway Bank and to help guide this exceptional organization into its next era of growth," Hartenstine said in a statement Friday. "As we celebrate our 85th anniversary, my focus is on protecting what makes us unique - our independence, our people, and our commitment to delivering exceptional service - while ensuring we are positioned to compete, grow, and innovate for generations to come."

Hartenstine was out of town and unavailable for an interview Monday, a bank representative said.

His appointment follows a year when the bank earned about $78 million on $225.6 million in revenue, both high-water marks in the bank's history. By comparison, it earned $64.8 million on $211.3 million in revenue in 2024.

Broadway Bank's performance has improved without it sacrificing its strong capital and liquidity positions. It has plenty of capital to weather loan losses and an economic downturn, and more than enough liquidity to handle deposit withdrawals.

The bank had $3.3 billion in loans and about $5.3 billion in deposit at year-end, signifying a very liquid loan-to-deposit ratio of 62% and a conservative lending posture.

It has 34 branches in Texas, including in San Antonio, Austin and Dallas.

Broadway Bank has been owned by the Cheever family since its founding as a storefront bank by Col. Charles E. Cheever Sr. and Elizabeth Cheever in 1941.

"Broadway Bank's strength has always come from the trust our customers place in us, the dedication of its employees, and the enduring values established by the Cheever family more than eight decades ago," Hartenstine said.

With bank acquisitions on the rise, Hartenstine reiterated that Broadway Bank will remain independent.

"Broadway Bank is not for sale," he said. "The Cheever family has been deeply committed to this institution since its founding in 1941, and they remain focused on protecting the integrity of the business they've led for generations."

Texas Partners Bank Inc., the fifth-largest bank in San Antonio with about $2.4 billion in assets at year-end, was acquired by Prosperity Bancshares Inc. of the Houston area last month.

Last year, Hartenstine was inducted into the Texas Bankers Hall of Fame and the San Antonio Business Hall of Fame.

Rick Timmins, an Austin angel investor who serves as Broadway Bank's chairman, praised Hartenstine.

"Harvey represents the very best of Broadway Bank," Timmins said in a statement. "His leadership, character, and long-standing service to our organization and to the community make this a well-deserved appointment as we enter our next chapter."

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This story was originally published March 9, 2026 at 7:02 PM.