Victor Pierson, the president and CEO of Moody National Bank, stepped down from the Galveston Central Appraisal District Board, citing a conflict of interest created by his job.

Pierson announced he would not be able to stay in his position Jan. 8, just days after being officially re-elected to the board. He has served several years on the board.

Pierson and other board members started new two-year terms on the appraisal district board in January. But soon after the new term began, Pierson said he found out he might be disqualified from serving on the board.

“There was a conflict that arose from the bank being a depository for the appraisal district,” Pierson said.

The conflict existed for some time, but he and the district had only recently became aware of it, Pierson said.

Representatives of local taxing entities — including school districts, cities and colleges — elect members to the five-member appraisal district board.

The board sets the budget for the county appraisal district, and hires the county’s chief appraiser. The board has no direct role in setting property values in Galveston County.

Galveston County commissioners on Wednesday will vote on a new nominee to fill Pierson’s position. On Jan. 26, the Galveston City Council voted to nominate Johnny Smecca, a Galveston Independent School District trustee and a principal in the Galveston Restaurant Group, to the position.

John Wayne Ferguson: 409-683-5226; or on Twitter @johnwferguson.


Senior Reporter

(2) comments

David Smith

The board has no direct role? Stop it...!!!

Ron Shelby

At least there was no problem of it in the past. But generally, boards should really review their members and business connections. Vic is a great guy but reviews of connections should be part of standard procedure of any governmental entity, well as a requirement for filing disclosures that help with the reviews. He absolutely did the proper thing.

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