Organizational changes planned in Commercial Banking and Credit
TULSA, Okla.--(BUSINESS WIRE)--
BOK Financial (NASDAQ: BOKF) announced today that its chief operating
officer, Dan Ellinor, has resigned after a 12-year career with the
company. Ellinor leaves a strong legacy of record loan growth and
successful expansion into new markets during his time with BOK
Financial, said President and CEO Steve Bradshaw.
“Dan has had a meaningful impact on BOK Financial’s strategic direction
and financial results in his time leading the commercial bank, as well
as serving as COO the past year and a half,” said Bradshaw. “I will
sincerely miss his partnership. I appreciate all he’s done for the
company and wish him all the best for the future.”
Before joining BOK Financial, Ellinor had a 20-year banking career in
Texas and maintains a residence in Austin. He plans to return there to
be near family and pursue entrepreneurial opportunities.
“The past 12 years with BOK Financial have been truly valuable, both
personally and professionally. I’ve enjoyed the opportunity to work with
great co-workers and clients, and happily made Tulsa my home away from
home,” said Ellinor. “But I’m ready to go back to Texas with my family
and start the next chapter of our journey.”
The role of COO will not be back-filled. Instead, a new position within
the Commercial Banking division has been created and some additional
organizational changes have been announced.
Chief Credit Officer Stacy Kymes has been named executive vice
president, Corporate Banking, a new role designed to oversee the
specialized banking groups within Commercial Banking. These groups
include energy, commercial real estate, healthcare and syndications. He
will also be responsible for TransFund, the company’s electronic funds
transfer network.
“Throughout his career here, Stacy has served in a number of roles that
have exposed him to the financial infrastructure of the company. His
experience as chief credit officer has well-positioned him to take on
the new responsibilities in the Commercial bank,” said Bradshaw.
A new chief credit officer has not been named at this time, but Kymes
will support the division in the interim and ensure successful
transition until a successor is identified, said Bradshaw. The intent is
to fill the position with an internal candidate.
Norm Bagwell, executive vice president, Regional Banks, and CEO, Bank of
Texas, will maintain his existing role as leader of the market banks and
gain additional responsibilities over the Business Banking and Treasury
Services groups.
About BOK Financial Corporation
BOK
Financial Corporation is a $29 billion regional financial services
company based in Tulsa, Okla. The company's stock is publicly traded on
NASDAQ under the Global Select market listings (symbol: BOKF). BOK
Financial's holdings include BOKF, NA, BOSC,
Inc. and The Milestone Group, Inc.BOKF, NA operates the TransFund, Cavanal
Hill Investment Management, MBM Advisors and seven banking
divisions: Bank
of Albuquerque, Bank
of Arizona, Bank
of Arkansas, Bank
of Kansas City, Bank
of Oklahoma, Bank
of Texas, and Colorado
State Bank and Trust. Through its subsidiaries, the company provides
commercial and consumer banking, investment and trust services, mortgage
origination and servicing, and an electronic funds transfer network. For
more information, visit www.bokf.com.
BOK Financial Corporation
Investor Contact:
Joe Crivelli,
918-595-3027
Director of Investor Relations
jcrivelli@bokf.com
or
Media
Contact:
Andrea Myers, 918-594-7794
Director of Corporate
Communications
amyers@bokf.com
Source: BOK Financial Corporation