Stillwater News Press

Local News

November 21, 2012

Stillwater National Bank parent hires chief financial officer

Business watch

STILLWATER, Okla. —

Southwest Bancorp, Inc., and its subsidiaries Stillwater National Bank and Trust Company and Bank of Kansas, announced Joe T. Shockley Jr. has been named chief financial officer and Russell W. Teubner chairman of the Board of Directors for Southwest and SNB.

Shockley, who will begin work on Dec. 1, is replacing Randy Waldrup who served as interim CFO. Teubner will assume his role as chairman on Jan. 1, replacing Robert Rodgers, who is stepping down Dec. 31 after serving 13 years as chairman.

“We are very pleased to add Joe Shockley to our management team at Southwest Bancorp,” said Mark W. Funke, Southwest Bancorp President and CEO.

Shockley served as executive vice president and chief financial officer at BancFirst Corp..

 Southwest Bancorp has experienced successful changes in 2012 which include the hiring of Mark Funke as CEO, having the Office of the Comptroller of the Currency release SNB from its formal agreement, resuming paying dividends on Trust Preferred Securities and repaying the government for Capital Purchase Program funds.

Teubner is a director of both entities and serves as the chairman of the Governance Committee and a member of the Audit and Compensation Committees.

“Southwest Bancorp and SNB have a long and distinguished history in the region. While the company has faced some obstacles in the past couple of years, as a shareholder and long-term board member, I believe the company has taken steps to reinforce its foundation as a strong regional commercial bank, including improving its balance sheet with last year’s bulk sale, paying off its CPP liabilities and building a strong experienced management team,” Teubner said.

Resale shop opens downtown

The Corner on Main Resale Shop (previously Tiny Paws Resale Shop) is open Monday through Saturday, 10 a.m. to  5 p.m. Monday through Saturday at 107 W. 10th Avenue.

The owner, Holly Chapples, said the shop features furniture, antiques, housewares, pet supplies, books, music, videos, jewelry, clothes, hand crafted gifts, and Christmas decorations.  

Call 405-612-0071 for more information.

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