Bank of Oak Ridge Announces Leadership Transitions Reflecting Continued Growth and Vision
Bank of Oak Ridge (OTCPink: BKOR) announced key leadership transitions effective July 22nd, 2025. Tom Wayne, the current CEO, has been promoted to Chair of the Board of Directors, while maintaining his CEO position. Doug Boike, who served as Chair since the bank's founding in 2000, will transition to the role of Vice-Chair & Lead Director.
The leadership changes reflect the organization's growth strategy and commitment to strong governance. Boike brings significant experience and community involvement, including leadership roles with the Greensboro Symphony Orchestra and North Carolina Brass Band. The bank's board and executive team remain focused on meeting the evolving needs of clients in the Triad area.
Bank of Oak Ridge (OTCPink: BKOR) ha annunciato importanti cambiamenti nella leadership a partire dal 22 luglio 2025. Tom Wayne, l'attuale CEO, è stato promosso a Presidente del Consiglio di Amministrazione, mantenendo al contempo il suo ruolo di CEO. Doug Boike, che è stato Presidente fin dalla fondazione della banca nel 2000, assumerà il ruolo di Vicepresidente e Direttore Principale.
Questi cambiamenti riflettono la strategia di crescita dell'organizzazione e l'impegno verso una governance solida. Boike porta con sé una vasta esperienza e un forte coinvolgimento nella comunità, ricoprendo ruoli di leadership con la Greensboro Symphony Orchestra e la North Carolina Brass Band. Il consiglio di amministrazione e il team esecutivo della banca continuano a concentrarsi sulle esigenze in evoluzione dei clienti nell'area del Triad.
Bank of Oak Ridge (OTCPink: BKOR) anunció importantes cambios en su liderazgo efectivos a partir del 22 de julio de 2025. Tom Wayne, el actual CEO, ha sido promovido a Presidente del Consejo de Administración, manteniendo también su puesto como CEO. Doug Boike, quien ha sido Presidente desde la fundación del banco en 2000, pasará a desempeñar el cargo de Vicepresidente y Director Principal.
Estos cambios reflejan la estrategia de crecimiento de la organización y su compromiso con una gobernanza sólida. Boike aporta una amplia experiencia y participación comunitaria, incluyendo roles de liderazgo en la Greensboro Symphony Orchestra y la North Carolina Brass Band. La junta y el equipo ejecutivo del banco siguen enfocados en satisfacer las necesidades cambiantes de los clientes en el área del Triad.
Bank of Oak Ridge (OTCPink: BKOR)는 2025년 7월 22일부터 적용되는 주요 리더십 변화를 발표했습니다. 현재 CEO인 Tom Wayne은 CEO 직책을 유지하면서 이사회 의장으로 승진했습니다. 2000년 은행 설립 이래 의장을 맡아온 Doug Boike는 부의장 겸 수석 이사로 역할을 전환합니다.
이번 리더십 변화는 조직의 성장 전략과 강력한 거버넌트에 대한 의지를 반영합니다. Boike는 Greensboro Symphony Orchestra와 North Carolina Brass Band에서의 리더십 역할을 포함해 풍부한 경험과 지역사회 참여를 가지고 있습니다. 은행의 이사회와 경영진은 Triad 지역 고객의 변화하는 요구에 계속 집중하고 있습니다.
Bank of Oak Ridge (OTCPink : BKOR) a annoncé d'importantes transitions de leadership effectives à partir du 22 juillet 2025. Tom Wayne, l'actuel PDG, a été promu président du conseil d'administration tout en conservant son poste de PDG. Doug Boike, qui a occupé la présidence depuis la création de la banque en 2000, assumera le rôle de vice-président et directeur principal.
Ces changements de direction reflètent la stratégie de croissance de l'organisation et son engagement envers une gouvernance solide. Boike apporte une expérience significative et un engagement communautaire, notamment à travers ses rôles de leadership avec le Greensboro Symphony Orchestra et le North Carolina Brass Band. Le conseil d'administration et l'équipe de direction de la banque restent concentrés sur la satisfaction des besoins évolutifs des clients dans la région du Triad.
Bank of Oak Ridge (OTCPink: BKOR) gab wichtige Führungswechsel bekannt, die ab dem 22. Juli 2025 wirksam werden. Tom Wayne, der derzeitige CEO, wurde zum Vorsitzenden des Vorstands befördert und behält gleichzeitig seine Position als CEO. Doug Boike, der seit der Gründung der Bank im Jahr 2000 als Vorsitzender tätig war, wird die Rolle des Vizevorsitzenden und Leitenden Direktors übernehmen.
Die Führungswechsel spiegeln die Wachstumsstrategie der Organisation und das Engagement für eine starke Unternehmensführung wider. Boike bringt umfangreiche Erfahrung und Engagement in der Gemeinschaft mit, unter anderem in Führungspositionen beim Greensboro Symphony Orchestra und der North Carolina Brass Band. Der Vorstand und das Führungsteam der Bank konzentrieren sich weiterhin darauf, die sich wandelnden Bedürfnisse der Kunden im Triad-Gebiet zu erfüllen.
- Seamless leadership transition maintaining continuity with experienced executives
- Combined CEO and Board Chair role strengthens strategic alignment
- Retention of founding Chair in active leadership position as Vice-Chair
- Potential corporate governance concerns with CEO also serving as Board Chair
OAK RIDGE, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), is pleased to share recent leadership transitions that reflect the organization’s continued growth and long-term strategic vision. Effective July 22nd, 2025, Tom Wayne was promoted to Chair of the Board of Directors, and Doug Boike transitioned into the role of Vice-Chair & Lead Director.
Tom Wayne, who continues to serve as Chief Executive Officer and has long served as a member of the Board of Directors, brings a legacy of proven leadership, strategic insight, and deep commitment to the bank’s mission. His promotion to Chair recognizes his instrumental role in the organization’s success and further strengthens the bank’s governance and strategic direction.
Doug Boike, who has served as Chair of the Board since its founding in 2000, will now serve as Vice-Chair & Lead Director. With decades of experience and a deep understanding of the bank’s mission and values, Doug’s continued leadership in this new capacity supports the board’s focus on long-term growth and community-centered service. In addition to his leadership within the bank, Doug has a long-standing record of civic involvement, including board leadership roles with the Greensboro Symphony Orchestra and the North Carolina Brass Band – organizations that reflect his deep commitment to enriching the cultural life of the Triad community.
“These appointments reflect the depth of talent and dedication within our leadership team,” said Tom Wayne. “Doug has played a vital role in the growth and stability of Bank of Oak Ridge since its inception. I look forward to working directly with Doug and his continued service to the board and the bank – bringing the same thoughtful perspective and steady leadership that have guided us so well.”
The Bank of Oak Ridge Board of Directors and executive leadership remain focused on guiding the organization with excellence and care – ensuring it remains well-positioned to meet the evolving needs of clients and the greater Triad area.
About Oak Ridge Financial Services, Inc.
As the Triad’s employee-owned community bank, Bank of Oak Ridge delivers Spectacularly Local banking with a personal touch. Rooted in our community, we live by our promise that You Matter Here – our local decision-makers know you by name and provide personalized, 5-star client service tailored to your unique needs. Complementing this commitment, we offer modern tools and technology to make your banking experience easy, safe, and convenient. Whether you’re seeking a new banking partner or expanding your financial relationships, we make switching simple and seamless. Connect with us by phone, on our website at BankofOakRidge.com or by visiting one of our convenient locations in Greensboro, High Point, Oak Ridge and Summerfield.
Contact: Skylar Mearing, Director of Marketing
Phone: 336-662-4840
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