Rose Washington Rentie sees her appointment to a first term on the board of the Federal Reserve Bank of Kansas City’s Oklahoma City branch as an opportunity “to share what’s happening in Tulsa and this area with people at the Kansas City Federal Reserve, who will then articulate it back to the open market committee.”
Washington Rentie, executive director of Tulsa Economic Development Corp. Creative Capital, is one of three new appointees to the branch’s board of directors. The others are Steven C. Agee, president of Agee Energy LLC in Oklahoma City, who was reappointed to chairman of the board for 2010, and Bill Anoatubby, governor of the Chickasaw Nation in Ada, who was reappointed to a three-year term on the board.
The branch board is comprised of seven directors, four of whom are appointed by the Kansas City bank’s board of directors. The remaining three are appointed by the board of governors of the Federal Reserve System in Washington, D.C. The board confers on economic developments and business conditions in Oklahoma.
Washington Rentie said her role will be the “eyes and ears of the Federal Reserve,” giving the board information to enhance data it receives on past economic performance.
“When they are in touch with people who are in the know and engaged with small businesses and consumers on a daily basis, they have more of a current idea of what’s going on,” she said. “They can combine what real people are saying and doing and expecting with what history has shown and can have a better understanding of the true economic picture.”
Washington Rentie said her position as executive director of TEDC gives her a good vantage point for assessing the community.
“We already know what is going on,” she said. “We talk to small business owners constantly. We have them as borrowers. We have them as board members. We have lenders as board members.
“Our finger is on the pulse, but this (appointment) gives us a great opportunity to share what that pulse is saying to the broader community and give them that information in a way that they can help set monetary policy.”
Washington Rentie joined TEDC in 2001. Prior to her arrival in Tulsa, she spent eight years with the University of Southern California’s Division of External Relations, as well as several years in higher education and banking in Mississippi.
Citizens Security Bank Lists Promotions, Hires
Citizens Security Bank & Trust has announced several promotions and hirings for the Bixby-based bank and its branches.
John M. Mabrey was promoted to senior executive vice president and chief administrative officer. Mabrey, a graduate of the University of Oklahoma, serves as a board member for Citizens Security Bank and Morris State Bank. Mabrey also serves on the board of advisers for the National Trust for Historic Preservation and board of directors for the Oklahoma Historical Society and is a board member for the Tulsa Foundation for Architecture.
Scott Mabrey was promoted to executive vice president of Citizens Security Bank and president of its Tulsa Metropolitan Region. Mabrey has been with the bank since 1991, most recently serving as senior vice president. Mabrey received his juris doctorate from the OU College of Law in 1998 and is a member of the Bixby Optimist Club, Oklahoma Bar Association, Citizens Security Bank board of directors and Mabrey Bancorporation board.
Brad C. Stieben, CPA, was promoted to executive vice president, CFO and COO. Stieben has more than 20 years of experience in finance, operations and auditing. Prior to joining Citizens Security Bank in 2007, Stieben served as CFO and SVP of InterBank in western Oklahoma.
Bob Dotson was hired as senior vice president and director of marketing. Dotson has more than 20 years of experience in marketing with 10 years of experience in financial services. Dotson previously served as vice president of marketing and business development with Oklahoma Central Credit Union in Tulsa. He has a bachelor’s in management and master’s in business administration from Oklahoma State University.
Bob Mattax was promoted to executive vice president and chief lending officer. Mattax, an OSU graduate, having also studied at Southern Methodist University and Pacific Coast Banking School at the University of Washington, joined the bank at the beginning of 2009.
John Fidler was promoted to executive vice president and president of the East Central Oklahoma Region of Citizens Security Bank. Fidler, an OU graduate, joined the bank in 1985. He is a member of the Okmulgee Medical Foundation Inc., Okmulgee Hospital Board, Okmulgee Parking Authority and Okmulgee Area Development Corp.
Jason Porter was promoted to vice president of lending at the Haskell branch. Porter, a U.S. Navy veteran, graduated from Haskell High School and OBA Basic and Intermediate Banking schools. He serves as chairman of the Haskell Planning and Zoning Commission and is a member of the Reiger Memorial Library Planning Committee.
Brad Kent was promoted to market president in Wetumka. Kent joined the bank as a loan officer in 1998 and is a graduate of OSU.
BancFirst Corp. Acquires First Jones Bancorp
BancFirst Corp. has completed the previously announced acquisition of First Jones Bancorp.
On Nov. 30, First State Bank, Jones, the subsidiary bank, had about $36 million in assets, $31 million in deposits and $4.5 million in equity capital. The acquisition will be accounted for as a purchase.
First State Bank, Jones, will operate as a subsidiary of BancFirst Corp. until it is merged into the BancFirst system.
BancFirst Corp. is an Oklahoma-based financial services holding company. The company’s principal subsidiary, BancFirst, is Oklahoma’s largest state-chartered bank with total assets of $4.3 billion, loans of $2.7 billion, deposits of $3.9 billion and equity of $426 million.
More Older Workers Jobless
The number of unemployed age 55 and older rose to 2,082,000 in November, up 54 percent from November 2008 and the most since the Bureau of Labor Statistics started keeping records for specific age groups. Experts in Oklahoma say older job seekers are faced with unprecedented challenges, and many are on the verge of crisis.
“The number of older workers who are seeking assistance from Experience Works has increased an average of 33 percent over last year,” said Dave Lack, Oklahoma acting state director for Experience Works, the nation’s largest nonprofit provider of community service, training and employment opportunities for older workers.
Lack encourages individuals to take advantage of free job training services offered through Experience Works. Through the Senior Community Service Employment Program, qualified participants receive training and assistance.
For more information, log on to www.experienceworks.org or call 580-564-0011.