PrimeLending, the mortgage lending subsidiary of PlainsCapital, announced this week that it promoted Steve Thompson its president and CEO.

Todd Salmans will continue to serve as the company’s chairman.

Thompson will take over as CEO on Jan. 1, 2020.

Thompson joined PrimeLending in 2011 as the regional manager for the Southwest. The company later promoted Thompson to Western division manager, and later to national sales leader.

In 2017, PrimeLending promoted Thompson to the role of president of the company. In that role, Thompson led the company’s 1,300-plus loan originators nationwide, as well as taking on responsibility for national operations, capital markets, joint ventures, and marketing.

Before he joined PrimeLending, Thompson held numerous leadership and production positions within the mortgage and financial services industry, including key roles at several prominent nation-wide mortgage lenders.