04.06.2008 14:15:00

Auto Finance Veteran Gary Perdue Named as President of Southside Financial Group

Ken Burke, CEO of Southside Financial Group LLC, today named Gary Perdue, a 30-year auto finance veteran as President. Perdue was most recently Chief Operating Officer of Wolters Kluwer/AppOne, one of the leading automotive finance Internet portals. Prior to AppOne, he held leadership positions at Capital One, DealerTrack, and CitiFinancial Auto. "Gary brings a wealth of experience and knowledge to our company,” said Ken Burke. "His distinguished career and record of leadership makes him an outstanding selection to fill the position of President at Southside Financial Group.” As a founding member of the National Auto Finance Association, Perdue has served as the organization’s President, Board Chairman and he remains active as a member of the board of directors. Ken Burke will remain as CEO of Southside Financial Group, a subsidiary of Southside Bank (Nasdaq: SBSI). About Southside Financial Group L.L.C. (SFG) Based in Arlington, TX, SFG acquires existing automobile portfolios from lenders through out the country, including banks, finance companies, and credit unions. To learn more about Southside Financial Group, please visit www.southsidefg.com or contact sales at 817-635-5112 or info@southsidefg.com. About Southside Bancshares, Inc. To learn more about Southside Bancshares, Inc., please visit our investor relations website at http://www.southside.com/investor. The site provides a detailed overview of activities, financial information, and historical stock price data. To receive e-mail notification of company news, events, and stock activity, please register on the e-mail notification portion of the web site. Questions or comments may be directed to Susan Hill at (903) 531-7220, or susanh@southside.com.

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