On April 7, 2020, Spirit of Texas Bancshares, Inc. (the Company) announced to its employees that Dean O. Bass, the Chairman and Chief Executive Officer of the Company and its wholly-owned subsidiary, Spirit of Texas Bank (the Bank), has contracted the coronavirus disease 2019 (COVID-19) and is taking a temporary medical leave of absence. In connection with Mr. Bass' leave of absence, on April 6, 2020, the Company's Board of Directors determined that David M. McGuire, the President of the Company and President and Chief Lending Officer of the Bank, will assume Mr. Bass' authority and responsibilities as Interim Chief Executive Officer until he returns from his leave of absence. Additionally, Steven M. Morris, a director of the Company and the Bank, will serve as the acting Chairman of the Board of Directors of the Company and the Bank until Mr. Bass returns from his leave of absence.

Mr. McGuire, age 56, has served as the President of the Company and the President and Chief Lending Officer of the Bank, since 2009. In addition to serving as Interim Chief Executive Officer of the Company and the Bank, Mr. McGuire will continue to serve as President of the Company and President and Chief Lending Officer of the Bank. Mr. Morris is the Founder and President of TransTexas Enterprises, Inc., a private investment firm located in Cypress, Texas.