Tulsa, Okla.-based BOK Monetary introduced Thursday (Aug. 11) that Chris Schaechtel of Fayetteville is the corporate’s new Arkansas market president.
He replaces Jacob Hudson, who took a brand new job with the corporate earlier this yr.
“I’ve little question that Chris will do a wonderful job of main the Arkansas market,” Hudson stated in an announcement. “He has been a part of the crew since 2010, and our prospects have already got an awesome appreciation for his work ethic and dedication to offering the very best customer support within the trade.”
BOK Monetary is a publicly traded firm with roughly $45 billion in property and branches in eight states. In Arkansas, there are two places of work in Bentonville and Fayetteville. BOK entered the market in 1994 when its subsidiary Financial institution of Oklahoma acquired a financial institution holding firm with operations in Northwest Arkansas, which later grew to become Financial institution of Arkansas.
Financial institution of Arkansas rebranded to BOK Monetary in late 2019. The corporate has roughly 75 staff in Arkansas.
“Chris is an incredible asset to the corporate. He has greater than a decade of trade insights and expertise below his belt,” stated Mark Nurdin, government vice chairman of regional banking for BOK Monetary. “Below his management, the crew might be nicely positioned to help purchasers on this extremely difficult and ever-changing surroundings.”
In keeping with the information launch, Schaechtel has labored within the monetary trade for greater than 15 years, beginning in operations, then assistant department supervisor, earlier than changing into a industrial actual property analyst, underwriter and credit score specialist. Most just lately, he was a company relationship supervisor at BOK Monetary.
“I’m completely thrilled about this chance,” Schaechtel stated. “The tradition at BOK Monetary is unbeatable, and I take into account myself extremely lucky to have this chance to serve my group on this capability.”