The Edmond Sun

Business

March 28, 2014

RCB Bank makes purchases of SpiritBank locations

EDMOND — RCB Bank is expanding its territory in Oklahoma with the acquisition of seven new branches from SpiritBank including its Edmond location at 3823 S. Boulevard.

The bank has entered into an agreement with SpiritBank to acquire branches located in Cushing, Drumright, Edmond, Oilton, Oklahoma City, Stillwater and Stroud. The sale, pending regulatory approval, is expected to be finalized sometime in early May.

“After the acquisition, our current plan is operate all seven locations just as they are now as RCB Bank,” said Tom Bayless, senior executive vice president, chief operations officer, RCB Bank. “Our goal is make this transition as smooth and convenient as possible for our newest customers and for our newest communities. We plan to keep all current employees working at the seven SpiritBank branches. We value them. They know their customers and we want our new customers to see the same faces when they go to bank.”

In a joint letter to SpiritBank customers informing them of the acquisition, SpiritBank President and CEO Albert C. “Kell” Kelly Jr. wrote: “We sincerely believe that RCB Bank is the best ‘fit’ to serve our customers, employees and communities in those markets with RCB Bank’s proven, strong commitment to customer service.”

Bayless said RCB Bank is working in connection with SpiritBank to make the transition as smooth as possible for customers. He said until the May transition, there are no changes to accounts and customers will bank as usual.

RCB Bank will send new customers before the rollout date in May: new debit cards, new checks, and new online banking credentials.

Roger Mosier, president and CEO of RCB Bank, said the bank is excited to be able to serve its newest customers and new communities.

“RCB Bank is a hometown community bank and takes those words very seriously,” Mosier said. “RCB Bank’s goal is to provide our communities with progressive banking services that make their financial lives easier while keeping true to our small town values of friendly customer service, community pride and trustworthy banking principles.”

RCB Bank currently has a banking network of 33 locations across Oklahoma and extending into Kansas. With the acquisition of $250 million in deposits, the bank will have 40 locations and $2.36 billion in assets making it the sixth largest Oklahoma-owned bank.

“This acquisition is not simply about having more branches,” Mosier said. “We see this as a great opportunity to bring our style of full-service community and rewards banking to these new Oklahoma cities and ensuring they are thriving participants in their communities — that’s just the way we do business.”

Mosier said RCB Bank offers several free, rewards checking accounts to customers and offers mobile deposit options and apps that let customers deposit checks.

In addition to retail offerings for its customers, RCB Bank also offers services for small business customers, including cash management services and remote deposit capture, which allows businesses to deposit checks from their desktop using a small scanner.

“The purchase of these locations fits with our commitment to expand our footprint within the state,” Mosier said. “Our current customers will appreciate the convenience of the new locations, and it will introduce RCB Bank and our many financial services to potential customers.”

Recently, RCB Bank opened a loan office in Norman and plans to turn it into a deposit branch in the near future. “We’re committed to our communities, to our customers and to our employees,” Mosier said.

“We’re committed to expanding our footprint within the OKC metro area,” Mosier said. “The two new locations, in Oklahoma City and in Edmond, fit well with our mission to provide our customers with convenient banking locations in the area.”

1
Text Only
Business
  • sales tax holiday.jpg Oklahoma sales tax takes a holiday

    Beginning at 12:01 a.m. on Friday, Aug. 1 and ending at midnight Aug. 3, Oklahomans will be able to participate in a sales tax holiday giving shoppers the opportunity to purchase certain clothing and shoes free of sales tax.
    Yes, retailers may not charge tax, including state and local sales taxes on items that are tax-exempt during the sales tax holiday weekend. The sales of clothing and shoes priced at less than $100 are exempted from sales taxes.

    July 28, 2014 1 Photo

  • Karan & Rwanda.jpg Peace through Business empowering women entrepreneurs

    Peace Through Business is part of the Institute for Economic Empowerment of Women (IEEW) based in Oklahoma City. It is a program that connects small business entrepreneurs in Afghanistan and Rwanda with business owners in Oklahoma. One such entrepreneur found out about the program from a friend, applied, and was accepted to take part in this year’s session.
    Upon earning a master’s degree in Civil Engineering from the Universite de Sciences et Technique de Lille in Belgium, Lyliose Nduhungirehe began her career working for a construction company in Brussels, but she quickly switched paths to Information Technology.

    July 28, 2014 1 Photo

  • Anderson Properties continues to grow

    Berkshire Hathaway HomeServices Anderson Properties recently announced the acquisition of Tulsa-based Prudential Alliance Realty, an eight-office, 150-agent brokerage operating in Tulsa and Oklahoma City and Edmond.
    The transaction gives Anderson Properties, a full-service real estate agency a total of 38 offices and more than 600 agents.

    July 28, 2014

  • Logan County pays off jail tax early, seeks new one

    Logan County is paying off a sales tax ahead of schedule and needs a new one to be able to afford funding jail operation and maintenance, officials said.
    Citizens vote on the county sales tax which is split for redistribution by state law. The tax is collected by the Oklahoma Tax Commission and redistributed back to the county as specified by voters.
    In 2005, citizens passed a 10-year sales tax, scheduled to end next month, to fund the building, operation and maintenance of the county jail, which operates on a $1.3 million budget. Jail capacity is 188 without anyone in a holding cell or a temporary bunk. Thursday it was holding 130 inmates, said Logan County Chief Deputy Richard Stephens.

    July 26, 2014

  • Edmond School District’s change orders anticipated

    When building new schools and classrooms there may be additional costs, but when renovating older buildings those costs can more than double, according to a Edmond School District official.
    “When remodeling, you have unknown and hidden costs and you need to include in your budgeted funds for the built-in items you can not see,” said Bret Towne, Edmond’s associate superintendent of general administration.

    July 25, 2014

  • Planning Commission approves rezoning

    The Edmond Planning Commission this week voted 4-0 in favor of rezoning from a single family district.  Peter and Kimberly Roberts made the request to allow a planned unit development on the southeast corner of Jackson and Lincoln Avenue, said Bob Schiermeyer, city planner.
    “They would like to have D-2 family (neighborhood commercial) zoning for duplexes, 14,000 square feet,” Schiermeyer said. “They can put four units on the property.”

    July 25, 2014

  • A Q&A on ‘Obamacare’ Court Rulings

    On Tuesday, two federal appeals courts issued conflicting rulings on the legality of tax subsidies being provided to people who bought “Obamacare” health insurance policies in Oklahoma and 35 other states.
    Here’s a look at the rulings’ potential impact in Oklahoma.

    Q: I’m confused. What did the courts rule today?
    A: A three-judge panel of the U.S. Court of Appeals circuit in Washington, D.C., decided that the government can’t provide tax subsidies for Affordable Care Act plans purchased in 36 states where the federal government is operating the health insurance exchange. Oklahoma is one of the 36 states. A few hours later, the U.S. Court of Appeals circuit in Richmond, Va., issued a conflicting ruling that upheld the legality of the health-care law’s tax subsidies.

    July 22, 2014

  • June healthy month for Oklahoma jobs

    Nearly 10,000 new jobs in Oklahoma were created in June, according to the U.S. Labor Department.
    Gov. Mary Fallin said Tuesday the state experienced one of the largest increases in employment in the nation in June. More than 9,600 additional people joined the state’s workforce in June.
    The unemployment rate in June dropped to 4.5 percent, its lowest ratio in six years. June’s rate was down a percentage point from 4.6 percent in May and April, according to the Oklahoma Employment Security Commission.

    July 22, 2014

  • UCO campus 3.jpg University of Central Oklahoma recognized as having friendly work environment

    The Chronicle of Higher Education named the University of Central Oklahoma as one of the “2014 Great Colleges to Work For.” Central is the only higher education institution in the state recognized on the list and one of only a handful of institutions in the nation given the distinction of being named to the Honor Roll for being cited most often among all the recognition categories.          
    Central joins Duke, Baylor and Notre Dame on the list of the 10 universities named to the large institution honor roll.

    July 21, 2014 1 Photo

  • Council approves funds toward ADA update

    City Council members have approved a $398,800 professional services contract with Accessology, a McKinney, Texas, firm, to establish an Americans With Disabilities Act transition plan for the city.
    Title II of the ADA requires state and local governments to make their programs and services accessible to persons with disabilities. It includes access to government facilities, programs and events and relevant policy changes.
    Accessology was selected out of a pool of five finalists by a five-member committee to create Edmond’s plan. The firm will partner with Kimley-Horn and Associates, a design consulting firm located in North Carolina.
    Edmond’s last ADA transition plan was created in 1992.

    July 21, 2014

Stocks