Oakworth Capital Inc. reports news as the bank holding company for Oakworth Capital Bank, an OTCQX-traded financial institution founded in 2008. The company provides commercial banking, private banking, wealth management and advisory services through offices in the Southeast, including Birmingham, Alabama.
Recurring updates for OAKC focus on revenue, net interest income, loan and deposit growth, trust and wealth fees, earnings per share, capital ratios and credit quality. Company news also includes annual cash dividend actions, market-level board appointments, client satisfaction measures, regional banking recognition and developments tied to Oakworth’s private, commercial and wealth advisory service model.
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On April 18, 2023, Oakworth Capital Bank (OTCQX: OAKC) announced the appointment of Tate Forrester and Craig Hey to its Central Alabama Market Board. Forrester, the president and CEO of O'Neal Steel, brings over 12 years of experience, while Hey is a vice chair at Cushman & Wakefield, having sold multifamily properties valued over $9 billion. Bill Pitts, Oakworth's managing director, highlighted the strong community respect both leaders command. Oakworth, founded in 2008, has recently been recognized as the 'Best Bank to Work for' for five consecutive years and boasts impressive financial metrics, including total assets of $1.3 billion and a Net Promoter Score of 96.