NBC Merges Tulsa, OC Charters

The board of directors of NBC Corp. of Oklahoma Holding Co. announced Aug. 1 the completion of the merger of its two banking charters, NBC-Tulsa and NBC-Oklahoma City into a single entity, NBC Oklahoma.
Both banks have been exclusively owned by the NBC Corp. of Oklahoma Holding Co. and the merger provides increased efficiencies for its customers, NBC Corp. said. The corporate headquarters of the combined banks will be located in Oklahoma City.
Although the merger of the two banks will be transparent to NBC customers, there will be tangible benefits for them as the combined bank remains well capitalized in every area, the holding company said in a release. From seamless internal operations, a single board of directors to guide the corporation, to an expanded lending limit for meeting customers’ financing needs, NBC Oklahoma will be in position to provide even more robust service in each of its communities.
NBC Oklahoma has total assets of $405.4 million; deposits of $328.7 million; loans of $312.8 million and total capital of $33 million. The bank has nine branches in seven cities with a network of 10 ATM’s. NBC will continue to provide full service banking with local market decisions.
David King, NBC Tulsa market president, said, “Our customers can bank online, deposit remotely, have their statements sent to them in various locations, bank by telephone through our toll-free telephone banking system or bank by mail. Most importantly, regardless of the method of banking that they choose, our customers have the opportunity to experience great community bank service in an urban setting. We invite folks to come check out NBC as we continue to expand our market presence and market share in Tulsa and find out why we are known as the ‘People You Can Bank On.’”
NBC has a long history in Oklahoma, tracing its roots to 1931 in Altus. Walter Gover successfully chartered a bank in the beginning of the Great Depression with the backing of several Oklahoma City investors. That charter grew to include banks in Altus, Enid, Kingfisher and Tulsa.
The NBC-Oklahoma City charter encompassed banks in Oklahoma City, Edmond and Nichols Hills and has been merged into the 1931 banking and trust charter.
Other significant changes in duties include an additional role for Jim Talkington as the president of NBC Corp. of Oklahoma, the bank’s holding company. He also continues in his position as vice chairman of NBC Oklahoma City. Steve Hanebaum assumes the duties of chief lending officer in Oklahoma City.
The directors also announced that Oklahoma City-based Randy Royse has been named president and CEO of NBC banks and H. K. Hatcher has been promoted to president of NBC Oklahoma City. The other market presidents will remain: Jeff Greenlee, NBC Altus; Rod Marso, NBC Edmond; Todd Earl, NBC Enid; Dennis Themer, NBC Kingfisher; and David King, NBC Tulsa.

Was this article helpful?

Related Articles

Leave A Comment?