Oxford Bank Corporation Announces CFO Transition
Oxford Bank Corporation (OTC Bulletin Board: OXBC), the holding entity for Oxford Bank, has made significant leadership changes as Jesse A. Deering steps down from his role as Chief Financial Officer (CFO). Nathan A. Reason, who has been appointed as the new CFO, will also take on the role of treasurer for the Corporation.
The Leadership Change
Deering's decision to step down marks a significant shift for the company. He will continue with the organization for a brief period to ensure a smooth transition of responsibilities to Reason. David Lamb, Chairman, President, and CEO of Oxford Bank Corporation, expressed gratitude for Deering's contributions during his tenure. He mentioned, "We appreciate Jesse's innovative thinking and deep understanding of financial risks that helped the company maintain robust performance during his time with us."
Reason officially takes over as the CFO, reporting directly to CEO David Lamb. He comes equipped with over 20 years of banking experience, having held several senior finance positions throughout his career.
A Look at Nathan A. Reason
Nathan Reason joined Oxford Bank Corporation from Flagstar Bank, where he served as Senior Vice President and Director of Funding & Liquidity. This experience, along with his previous role as CFO at Huron Community Bank, equips him with a wealth of knowledge from various banking environments.
Career Path
Since beginning his career in finance and accounting at BancorpSouth, a major financial institution, Reason has developed a broad skill set that positions him well in his new role. He holds a Bachelor of Science in Accounting and an MBA from the University of Mississippi and is a certified CPA. His varied experiences across different-sized banks will aid in the Corporation's ongoing growth and development.
Oxford Bank Corporation Overview
Oxford Bank Corporation is a pioneering financial institution, recognized as the oldest commercial bank in its region. It operates in several locations, providing a range of full-service banking options to the community. Currently, Oxford Bank boasts seven full-service offices across diverse areas, as well as customer experience centers utilizing advanced technology.
Commitment to Community Banking
Oxford Bank has consistently demonstrated a commitment to local ownership and community engagement. Since its establishment in 1884, the bank has focused on delivering top-notch financial services tailored to the needs of its customers. The focus remains on becoming a leading community bank and ensuring robust financial performance for stakeholders.
Future Outlook
With Nathan Reason stepping into the CFO role, Oxford Bank Corporation is poised to embark on the next phase of its journey. The leadership emphasizes continuity in strategic growth initiatives, and the entire team is aligned with the vision of enhancing community banking excellence. As Reason acclimates to his new position, the organization’s direction under his financial stewardship is anticipated to align with its long-term goals.
Frequently Asked Questions
Who is the new CFO of Oxford Bank Corporation?
Nathan A. Reason has been appointed as the new Chief Financial Officer.
What role did Jesse A. Deering play at Oxford Bank Corporation?
Jesse A. Deering served as the Chief Financial Officer before transitioning out of the role to pursue other opportunities.
What experience does Nathan A. Reason bring to his new position?
Nathan A. Reason brings over 20 years of banking experience, including senior finance roles at Flagstar Bank and Huron Community Bank.
What is the historical background of Oxford Bank?
Oxford Bank is the oldest commercial bank in its region, continuously operating under local ownership and management since 1884.
What strategic focus does Oxford Bank Corporation have?
The Corporation is committed to maintaining strong performance while continuing to grow and improve its community banking services.
