Founding Board Member Retires from Oakworth Capital Bank; Announcement of a new board member

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BIRMINGHAM, Alabama., May 19, 2022 /PRNewswire/ — Founding Board Member Richard D. “Rick” Horsley retired from the board of directors of Oakworth Capital Bank on May 18.

Rick Horsley, Oakworth Capital Bank

Horsley, who is one of the founding directors, has been a strong supporter, advocate, colleague and advisor to Oakworth since the bank opened its doors 14 years ago in March 2008.

Founder, CEO and Chairman of Oakworth Scott Roseau shared his thoughts on Horsley’s retirement, as well as next steps with the board as the bank continues its journey of intentional growth.

“Rick has been invaluable to Oakworth’s success,” Reed said. “Rick brought financial and business acumen, wisdom and humility from the start to complement our founding partners and our team. Under his leadership, along with our entire team of board members , Oakworth has become known for its distinctive customer service and expertise in helping people achieve financial well-being and security.”

Prior to being a founder of Oakworth, Horsley served as Vice Chairman and Chief Financial Officer of Regions Bank and Regions Financial Corporation.

Oakworth’s accolades during Horsley’s tenure include:

  • $1.3 billion in total assets

  • $2 billion in assets under management (AUM)

  • #1 “Best Banks to Work For” in the US over the past 4 years (2021, 2020, 2019, 2018)

  • Net Promoter Score (NPS)®) of 93 (February 2021March 2022)

  • 99% customer retention rate

  • Three locations in Central Alabama, Southern Alabama and central Tennessee

“None of this is possible without the tremendous efforts of our entire team, and that includes Rick,” added Reed.

“Serving Oakworth has been one of the most rewarding professional contributions of my career,” Horsley said. “I’m proud we’ve built Oakworth to this point and look forward to encouraging the team as the bank grows. I hope Oakworth stays focused on great people and great service.”

Shareholders also approved the board’s unanimous recommendation to add Edward M. “Ted” Holt of from Birmingham Maynard Cooper GalePC on board, start July 20.

Holt is chair of Maynard’s Insurance and Financial Services Litigation Practice Group and co-chair of the firm’s Diversity, Equity and Inclusion Committee. He graduated from the University of Alabama law school and holder of an MBA from the University of Alabama at Birmingham and a BA of Rollins College.

“We are proud to have Ted join our board, and look forward to the guidance and insight he is sure to provide Oakworth as we continue to grow into a regional business,” said Reed. “As our business grows, the composition of our Board of Directors will evolve with us, ensuring that we are well positioned for the future. This most recent appointment is a step in that direction, and we we’re lucky to have Ted on the team.”

“I am honored to have been selected to serve on the Oakworth Board of Directors at such a pivotal time in Oakworth’s history,” Holt said. “Expanding into both new and existing markets is one of the most exciting times in a company’s history, and I look forward to helping Oakworth achieve further success.”

About Oakworth Capital Bank
Oakworth Capital Bank provides commercial and private banking, wealth management and advisory services to businesses, families and individuals. Oakworth serves its valued customers through United States from its offices in Central Alabama, Southern Alabama and Middle Tennessee. For more information about Oakworth and its unique approach, please visit www.oakworth.com.

Contact: Sonia Blumstein
205-271-2017
[email protected]

Edward M. Holt, Oakworth Capital Bank Board of Directors

Edward M. Holt, Oakworth Capital Bank Board of Directors

Oakworth Capital Bank logo (PRNewsfoto/Oakworth Capital Bank)

Oakworth Capital Bank logo (PRNewsfoto/Oakworth Capital Bank)

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