As a 32-year veteran of Oklahoma City-based Coppermark Bank, Jacque Fiegel is proud of many of her bank's accomplishments over the past couple of years. But there's one figure that stands out: $1 billion in total assets, as of June 2008.
That figure represents a more than 16-percent increase over the $861.77 million in total assets in June 2006. Through June 2008, the bank's ROE was 14.05 percent, while ROA was 1.29 percent, net income was $6.3 million and net-interest margin was 4.4 percent.
Fiegel, who started at Coppermark in 1976 as a teller and worked her way up to controller, and then CFO before becoming COO, cites her technology initiatives and a strong team for making the bank one of Oklahoma's strongest. "We made that $1 billion mark this year because of our product initiatives-mobile banking and remote deposit [capture]-and internal initiatives, such as upgrading document imaging tools for employees," Fiegel said.
Remote deposit capture was implemented for Coppermark Bank customers in March. In the first month of the product launch, the bank added $16 million in deposits. Another product that led to that substantial deposit increase was Desktop Deposit, which was introduced in 2007 and attracted about $80 million in deposits.
It's been a good run for the community bank. Total assets increased $600 million during the 10 years ending Dec. 31, 2007, an increase of 155 percent compared to a 74-percent increase for all Oklahoma banks during the same period. Total deposits grew 160 percent compared to a 58-percent increase for all banks in Oklahoma. Over that span, the bank's net income increased $8.8 million, an increase of 198 percent, to $14.24 million. Coppermark ranked sixth out of the 50 largest banks in the Oklahoma City market as of Dec. 31, 2007.
Fiegel also makes a difference in the bank's community at the American Heart Association, where she's served on the executive leadership team, and Oklahoma City University, where she is president of the National Alumni Association. At the university, she helped establish a Legacy Scholarship program four years ago.
This June the bank was honored by the Oklahoma Bankers Association's "Most Valuable Member" in the deposit category of $500 million to $1 billion. "I have a lot of different facets of my job," Fiegel says. "There's always opportunities to do more."
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