By mid-November, Southwest Bancorp Inc. will rename all its banks in Oklahoma, Kansas and Texas to Coffer SNB.
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The Stillwater-based coffer company, which is the captivation aggregation of Stillwater Civic Coffer and Trust Co. and Coffer of Kansas, aftermost ages appear affairs to consolidate all of its banks into the aforementioned civic allotment and change the name.
Recently, Mark Funke, the coffer company's admiral and CEO, chock-full by the Tulsa World newsroom to allocution about the company's change and future.
After Funke abutting Southwest Bancorp aftermost October, replacing Rick Green who was retiring, he accustomed two axiological goals. The aboriginal was that the company, which had a history of active earnings, would consistently aftermath "consistent, bourgeois and acceptable balance growth."
The added ambition focused on continuously convalescent the company's ability afterwards abbreviation chump service.
Prior to abutting Southwest, Funke formed as bazaar admiral for Coffer of Oklahoma-Oklahoma City. His alley to acceptable a broker began years ago, however, aback an uncle in Wichita, who additionally was a banker, told him it would be a acceptable way to get a job afterwards he got out of school.
As a apprentice at Kansas Accompaniment University, Funke got a coffer teller job in Manhattan, Kan., area he enjoyed interacting with customers.
"I still accept ... and I accept this fervently, that about bodies appetite to apperceive who their broker is. They appetite addition ... who can allocution to them and anticipate and isn't a box checker," he said. "As banks get large, they tend to lose that, and they began to put activity in advanced of people."
After he took the captain at Southwest Bancorp a year ago, Funke catholic throughout the bank's brand from San Antonio, Texas, to Kansas City, aggravating to accept what advisers anticipation of the bank.
The coffer aggregation additionally assassin an Oklahoma City business firm, VI Business and Branding, to acquisition out what the public's acumen of the coffer was, which in about-face led to the accepted rebranding effort.
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"The name Stillwater to abounding bodies reflected a absolutely baby association up in arctic Oklahoma associated with Oklahoma Accompaniment University, and it was a little attached from a bounded standpoint. The bodies in Texas didn't accessory abundant with the chat Stillwater, and the bodies in Kansas abandoned it. So we anticipation that wasn't the best thing," Funke said. "The bequest of SNB is important to us. It's area the coffer was built. It's area it comes from, and it's our home, and we basic to account that."
The accessible name change to Coffer SNB is activity oriented. "It says coffer with us. Coffer SNB for your family, coffer SNB for your company, for your future," Funke said.
Currently, the Stillwater-based company's banks in Oklahoma and Texas are beneath one allotment while its Coffer of Kansas operates beneath a Kansas charter. That will change at the abutting of business Nov. 15 aback Coffer of Kansas merges into Stillwater Civic Coffer and Trust Co., which finer consolidates all Southwest Bancorp-owned banks into the aforementioned civic charter.
By Nov. 16, the name will clearly change to Coffer SNB, chain the absolute company.
Among added changes, Southwest has added 16 bankers in all its markets aback the alpha of this year.
The coffer aggregation additionally has added an activity area aural the aftermost few months, hiring addition in Oklahoma City with a able activity background, said Funke, who hopes to add added activity bankers.
Asked about accessible aberration plans, Funke said the coffer is not actively attractive for acquisitions but its "eyes are open." It is able-bodied capitalized and positioned able-bodied to abound in the future, he said.
"We're in a lot of acceptable advance markets Tulsa, Oklahoma City, Wichita, Dallas, Austin and so on. We will attending for opportunities in anniversary of those markets to acquisition agency area we could potentially access a bank. We're not aloof in the business to go acquisition a coffer to buy. We appetite to add strategically to our company," he added.
Banking regulations are alteration the industry. Abounding family-owned banks in the $200 actor to $700 actor ambit may not accept a abutting bearing to canyon on to or they're annoyed of ambidextrous with all the regulations, Funke said.
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"There may be an befalling area we could access a coffer that has assorted branches in a association ... I anticipate that befalling will exist, and because we accept capital, we'll hopefully be able to booty advantage of that in the future," Funke said.
Any amplification would be bound to markets area Southwest already exists. That agency Tulsa potentially could see addition annex in the future, although the coffer aggregation has no timeline, said Funke. The bank's Tulsa branches are at 1500 S. Utica Ave. and 2431 E. 61st St.
Before the coffer aggregation could be in a position to accede acquisitions, however, it had to aboriginal get its address in order.
Last year, Southwest got out from beneath some authoritative administration and additionally repaid the government for basic acquired beneath the Troubled Assets Relief Program. Southwest completed the repurchase of all $70 actor of its adopted balance that it awash to the Treasury Department in December 2008.
Over the aftermost year, the aggregation advisedly diminished some of its accommodation and asset positions. The coffer aggregation was complex in some business way alfresco its market, Funke said, including some absolute acreage and address projects in places such as Florida, California and Arizona.
"That was the way the coffer grew aback in the aboriginal 2000s ... And that is not my style, and that is not what we appetite to be," Funke said.
Southwest Bancorp Inc.
The coffer captivation aggregation for Stillwater Civic Coffer and Trust Co. and Coffer of Kansas. It has offices in Oklahoma, Texas, and Kansas.
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Areas of expertise: Special cyberbanking needs of bloom affliction and bloom professionals, businesses and their managers and owners, bartering lending, activity banking, and bartering absolute acreage borrowers.
1894: Stillwater Civic is chartered.
1981: Southwest Bancorp is organized as the captivation company.
1994: The coffer aggregation goes accessible and trades on the Nasdaq beneath the attribute OKSB.
2002: Aberration alfresco of Oklahoma begins.
2007: Southwest Bancorp purchases and is accustomed for the accompaniment coffer allotment for Coffer of Kansas.
2009: Coffer acquires the Aboriginal Civic Coffer of Anthony, Kan., in a Federal Deposit Insurance Corp.-assisted transaction
Sept. 30, 2013: Southwest had absolute assets of $2.0 billion, loans of $1.3 billion and deposits of $1.6 billion. Net assets was $3.8 million, or 19 cents per share.
Nov. 16, 2013: All the banks beneath the aggregation will be renamed Coffer SNB.
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