OakStar Bank Announces Partnership with Drew Lewis Foundation
October 15, 2018:
“OakStar helped the Drew Lewis Foundation purchase my house, and now my family can stay in the home and neighborhood we love until we can purchase it ourselves. We are very grateful!”
OakStar Bank recently entered into an affordable housing project partnership with the Drew Lewis Foundation, Inc of Springfield MO. Their partnership is through the foundation’s Northwest Project, Blue House Project. The Blue House Project works with families to build credit, use resources for down payment, and educate prospective homeowners regarding home maintenance and upkeep. The Blue House Project works to provide affordable housing and neighborhood revitalization in the Grant Beach neighborhood in Springfield, MO. OakStar’s investment of $99,900 allowed the Drew Lewis Foundation to purchase another home, bringing the total to six homes that are now a part of the Blue House Project. Amy Blansit, CEO of the Drew Lewis Foundation says, “Housing prices and rental rates have continued to climb in our community while income has remained flat. When people cannot afford the basic necessities in life - a safe, quality place to raise their family - they live in crisis. Our neighbors are living in crisis and we can do something about it. The Drew Lewis Foundation is proud to partner with OakStar to help families provide affordable homes in the Grant Beach neighborhood”
A partnership family has already moved into the home with the intent to purchase the home within two-to-five years. The rent is similar to the payment for the purchase price, allowing the family to continue to work on budgeting while learning about home ownership. The family commits to remain involved with the educational piece of the project through the duration on their tenancy.
Rob Buchanan, Chief Risk Officer for OakStar Bank says, “We are excited to partner with the Drew Lewis Foundation. For us to be able to come along side this family, this neighborhood and make this kind of lasting impact is humbling. If we all do our part, help a family, help a neighborhood, then we will really begin to see poverty decrease and financial stability to flourish. We must always remember, statistics represent real lives, real people. We are honored to be able to invest in the Blue House Project and in our community.”
For more about Drew Lewis Foundation or the Blue House Project visit their website www.drewlewis.org
OakStar Bank and First National Bank are pleased to announce a strategic merger of their banking operations. The transaction has been approved by the boards of directors of both banks and is subject to regulatory approval. The transaction is anticipated to be complete during April of 2018.
John Blair, Chairman of the Board for First National Bank says, “We are pleased to announce the merger of First National Bank with OakStar Bank. When our Board made the decision to partner with another financial institution, we evaluated many viable opportunities…OakStar Bank clearly stood out as the best fit for our associates, customers and communities we serve. Their extraordinary commitment to our associates and customers played a significant role in the selection process of OakStar Bank. We are excited about our future together.”
The merged institution will hold over $950 million in assets, have thirteen full service branch locations, plus a Mortgage Office in Kansas City, Loan Production Offices in Kansas City and Joplin, and approximately 260 team members. “We are excited to continue the tradition of community banking established by First National Bank in Camdenton, Osage Beach, Sunrise Beach, and Lake Ozark. Joining forces, positions OakStar Bank as one of the strongest community banks in Missouri. We are excited about this partnership with the First National Bank team and are looking forward to the days ahead.”, Randy Johnson, President and CEO, OakStar Bank.
OakStar Bank Promotes Renee Samuels to Chief Human Resources Officer
Press Release: January 23, 2018
OakStar Bank is pleased to announce the promotion of Renee Samuels as Executive Vice President, Chief Human Resources Officer. Renee is a longtime resident of the Springfield area and has over seventeen years of Human Resources experience. Renee has served as the Director of Human Resources for OakStar Bank since 2013.
Randy Johnson, President and CEO of OakStar Bank, says “Renee is knowledgeable, professional and compassionate. Her level of commitment to our OakStar family is beyond measure and we are excited she has accepted this newly created position as Chief Human Resources Officer. Adding Renee to our Executive Management Team will be a tremendous benefit to our entire organization.”
OakStar Bank Welcomes Jeff Scott as Chief Operations Officer Press Release: November 8, 2017
OakStar Bank is pleased to welcome Jeff Scott as Executive Vice President, Chief Operations Officer. Jeff is a longtime resident of Southwest Missouri and is a graduate from Southwest Baptist University with a degree in Business Administration and Management. Jeff has over twenty-three years of banking industry experience with Jack Henry & Associates, working most recently as their Manager of Core Acquisition Services.
Randy Johnson, President and CEO of OakStar Bank, says “Jeff brings an incredible wealth of knowledge and experience to our OakStar team. We are excited to welcome him to our OakStar family.”
As COO, Jeff will oversee all areas of deposit operations for OakStar Bank.
OakStar Bank Welcomes Dylan Holloway as Commercial Lender
Press Release: November 8, 2017
OakStar Bank is pleased to welcome Dylan Holloway to their team. Dylan has over seven years of lending experience and is a specialist in FSA (Farm Service Agency) Lending. He is a graduate of Drury University with a degree in Business Administration as well as a graduate of the Missouri Bankers Association School of Lending.
Dylan has a passion for agricultural lending and enjoys helping customers achieve their goals. Kelly Parson, Community Bank President, says “Dylan is a strong addition to our team. His commitment to the customer is unparalleled and his agricultural lending knowledge and FSA Lending expertise is an asset to OakStar Bank and to our customer base.”
OakStar Bank 1st in SBA Lending
Press Release: November 6, 2017
OakStar Bank is pleased to announce that in the Springfield MSA region they are 1st in SBA (Small Business Administration) lending in both the number of SBA Loans closed and the gross approved dollars for SBA loans. The Springfield MSA covers the seven counties of Greene, Christian, Taney, Webster, Polk, Stone and Dallas.
As a Preferred SBA Lender, OakStar Bank is granted the highest level of independence that the SBA extends to lenders. We were approved to be a preferred lender because of our high level of SBA experience and ability to effectively process and service SBA loans. This designation allows us to make decisions locally, without having to send requests to the SBA for approval, resulting in a quicker and easier process for you.
Travis Beazley, SBA Loan Manager and Vice President at OakStar Bank, says, “OakStar recognizes that local businesses are the lifeblood of our community. We are committed to our support of these businesses and consider it an honor to be the top SBA Lender in Springfield MSA region. ”
OakStar Bank Opens Downtown Buffalo Location
Our Buffalo Downtown location is now open! On October 20th we hosted our Grand Opening and Ribbon Cutting event. Thank you to the Buffalo community for their support! We are excited to now have two locations to serve the Buffalo community!
OakStar Bank Welcomes Whitney Kenall as Loan Officer
Press Release Date: September 6, 2017
OakStar Bank is excited to welcome Whitney Kenall to their S. Ash Street Buffalo location. Whitney has over 10 years of banking experience, is a graduate of Buffalo High School, and is a long time Buffalo resident.
Jim Smith and Jeff Smith Join OakStar Bank
Press Release Date: July 21, 2017
Jim Smith , Community Bank President, Clinton
Longtime community banker and Clinton resident, Jim Smith , will lead the Clinton team as Community Bank President. Jim is a graduate Missouri State University and a 2001 Outstanding Alumni of Missouri State University. He is deeply rooted in the Clinton community and the banking community at large. His community involvement includes: past President of Clinton Rotary Club, past President of Clinton Chamber of Commerce, Director of Golden Valley Memorial Hospital Foundation, Treasurer and Director of the Henry County Community Development Corporation, and President of Whiteman Area Leadership Foundation (Whiteman Air Force Base). Jim has over fifty years of banking experience and has served as both the President of the American Bankers Association (Washington, D.C.) and the President of the Missouri Bankers Association (Jefferson City, MO).
Jim is joined by his son, Jeff Smith , who will serve as Vice President of the Clinton location. Jeff has over eighteen years of banking experience, is a graduate Missouri State University and received his MBA from Baker University. Jim and Jeff are excited to be bringing community focused banking back to the Clinton area.
Jeff Smith, Vice President, Clinton