Southwest Bancorp in Stillwater, Okla., has recruited veteran executive from BancFirst Corp. in Oklahoma City to be its new chief financial officer.
The $2.2 billion-asset parent of Stillwater National Bank and Bank of Kansas said Friday that Joe Shockley Jr. would join the company on Dec. 1, replacing interim CFO Randy Waldrup.
Shockley has served as BancFirst's CFO since 1996.
"Joe fills the critically important role of chief financial officer for our company and his background and knowledge of the banking industry along with his familiarity with our markets made him the ideal candidate for this important role," Mark Funke, Southwest's chief executive, said in a news release. "He will add valuable knowledge to our company and assist us in moving forward in a positive way."
Shockley's hiring continues a transformational year for Southwest. Funke joined the company in October as CEO after serving as market president for Bank of Oklahoma in Oklahoma City. In May, the Office of the Comptroller of the Currency lifted an enforcement agreement against its Stillwater unit. Southwest also resumed paying dividends and redeemed the $70 million of preferred stock it issued the Treasury Department as part of the Troubled Asset Relief Program.
Also on Friday, Southwest said that Russell Teubner, who currently serves as a director of both Southwest and Stillwater, would be its next chairman. Teubner will succeed Robert Rodgers, who is expected to step down in January after 13 years in the position.