Last edited 1:55 p.m., Feb. 27, 2018
Tulsa, Oklahoma-based Regent Capital Corp. recruited a team of former Bear State Bank employees to launch a Regent Bank loan production office in the Queen City.
Craig Dunn, who most recently served as regional president for Bear State Bank, was hired by Regent to lead the local office as president. He’s joined by Senior Vice Presidents of Commercial Lending Mike McGoldrick and Nick Burlison, as well as Vice President and Director of Cash Management Kim Cash. McGoldrick was senior vice president and Burlison and Cash were vice presidents for Bear State’s local operations, according to their LinkedIn profiles. Dunn could not be reached immediately for comment this morning.
“Craig and his team are tremendous bankers and we feel very blessed to have them join our team,” Regent Chairman and CEO Sean Kouplen said in the release. “Our goal is simply to support them and let them do their job. Regent Bank’s lending limit to an individual client is just over $12 million and growing, and we focus on minimizing bureaucracy so we can be responsive to our clients.”
Purchased by Regent Capital Corp. in 2008, the 120-year-old Regent Bank has $450 million in assets and 90 employees at branches in Tulsa, Oklahoma City and Nowata, Oklahoma. In Springfield, the local executives are working out of a temporary office, 3556 S. Culpepper Circle, Ste. 1. They plan to move into a former Regions Bank by mid-April at 3271 E. Battlefield Road, the release said.
According to the release, Regent has previous ties to Springfield from when local investors backed Regent Capital’s 2008 buyout of the company. Among them is Chuck Woolley, principal with The Kingsley Group, a Springfield-based business brokerage firm.
“The bank has averaged 35 percent annual asset growth in the past five years — almost 10 times the national average,” said Woolley, a Regent board member, in the release.
Kouplen added the bank is owned by 180 regional entrepreneurs who invested in the 2008 purchase. Woolley is the only member of the 12-person board of directors who doesn’t live in Oklahoma, according to the company's website.
Separately, Arvest Bank expects to wrap up its purchase of Bear State Bank in the first quarter.
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