Jeter to serve as BOK Financial Commercial Banking executive director

Rhea-AI Summary

BOK Financial has appointed David Jeter as the executive director for its Commercial Banking line, which serves owner-managed businesses and nonprofits generating $5 million to $50 million in revenue. With 18 years at BOK Financial, Jeter brings extensive experience in strategic growth and product development. He aims to enhance banking relationships for businesses facing challenges in the current market, emphasizing the need for tailored banking solutions. BOK Financial, a $45 billion company, operates across eight states, providing diverse financial services and managing $96 billion in assets.

Positive

• David Jeter's appointment as executive director is expected to drive growth in the Commercial Banking sector.
• BOK Financial's Commercial Banking line serves a significant market segment of owner-managed companies and nonprofits.

Negative

• None.

TULSA, Okla., Sept. 28, 2022 (GLOBE NEWSWIRE) -- David Jeter has been named executive director for BOK Financial’s Commercial Banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.

“BOK Financial has always been, and will continue to be, committed to banking privately held, owner-driven business,” said Mark Wade, current Commercial Banking executive director who will continue managing Jeter in his new role. “Our Commercial Banking line of business represents a significant growth opportunity across our entire eight-state footprint. With his extensive industry expertise and passion for strategic growth, David is a perfect fit to carry this torch.”

In 18 years with BOK Financial, Jeter has served in many roles. Most recently, he served as the chief strategy and operations officer for the commercial banking line of business where he was responsible for product development, credit underwriting and approval, technology deployment and charting the strategic vision for commercial banking.

Jeter earned a bachelor’s degree in agriculture economics from Oklahoma State and his MBA from University of Oklahoma. He has been honored as a Tulsa 40 Under 40 recipient and was previously awarded the Dan Harris Entrada Award.

He has served on numerous nonprofit boards in the community including the Tulsa Stadium Trust, Monte Cassino School Board, Charitable Trust and Finance Committee, VisitTulsa, Tulsa Regional Chamber, Tulsa Sports Commission, Bartlesville Chamber of Commerce and Bartlesville YMCA.

“Businesses of all sizes are facing challenges in the current market environment,” said Jeter. “Business owners need a banking partner that understands their business and their industry. They’ve been ignored by large banks but their banking needs are too sophisticated for smaller, community banks. Our ability to right-size our offerings create potential for meaningful relationships with these business owners.”

BOK Financial Corporation is a $45 billion regional financial services company headquartered in Tulsa, Oklahoma with $96 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, Inc. and BOK Financial Insurance, Inc. BOKF, NA's holdings include TransFund, and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial^® in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Nebraska, Wisconsin and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

FAQ

Who is the new executive director of BOK Financial's Commercial Banking line?

David Jeter has been appointed as the executive director of BOK Financial's Commercial Banking line.

What is BOK Financial's focus in the Commercial Banking sector?

BOK Financial focuses on serving owner-managed businesses and nonprofits with annual revenues between $5 million and $50 million.

How long has David Jeter been with BOK Financial?

David Jeter has been with BOK Financial for 18 years.

What significant growth opportunity does BOK Financial see?

BOK Financial sees significant growth potential in its Commercial Banking line across its eight-state footprint.

What is the stock symbol for BOK Financial?

BOK Financial is publicly traded under the stock symbol BOKF.