ARLINGTON—Bart McDonald, executive director the Southern Baptists of Texas Foundation announced the hiring of Michael J. Rhine as director of church lending. Rhine comes to Texas after serving since 2002 as the director of church finance for the Florida Baptist Foundation. Before that he was the chief church finance consultant for the Southern Baptist North American Mission Board. He began his work with the SBTF on July 20.
“The addition of someone of Mike’s caliber and pedigree will be a great blessing to our affiliated churches and institutions that are searching for financing alternatives and counsel. His experience, track record, and reputation in lending circles across the country made him the clear choice to fill this key position,” McDonald said of Rhine.
Rhine is a graduate of Ohio State University and served churches and financial institutions in Ohio, Tennessee and Georgia before joining coming to work for NAMB.
Mike is married to Vicki for almost 32 years and they have four grown children and two grandchildren.
Speaking of the new opportunity, he said, “God has clearly spoken to me that Texas is where I am to serve him. God has given me the opportunity to serve churches around the country during my time at NAMB and the Florida Baptist Foundation and I am excited to assist churches across Texas to obtain the facilities they need to reach their communities for Christ!”
The Southern Baptists of Texas Foundation began providing direct loans to Texas churches in 2014 and to date has extended over $70 million of financing commitments to churches and Baptist institutions for the acquisition, renovation, and new construction of projects throughout the state. Go to sbtexasfoundation.com for more information.