CENTRAL CAROLINAS
OUR STORY
After the largest capital raise in the state of Alabama, we opened our doors to the public on March 31, 2008. Over the years, we have developed a reputation as one of the safest banks in the United States. In 2016, we expanded our markets in Alabama, adding a South Alabama office in Mobile. In 2020, we expanded to the state of Tennessee, opening a Middle Tennessee office in Brentwood. And most recently, in 2023, we opened our doors in the Central Carolinas.
In November 2022, Oakworth began trading on the OTCQX Best Market under the trading symbol OAKC, enabling a more elevated trading experience for our shareholders. All managing directors and the majority of our associates directly own shares of the company. We believe this instills a strong business-owner mentality throughout the company.
In addition to your client team, our bank’s leadership team consists of experienced and wellversed individuals, allowing us to offer a wide range of Commercial and Private Banking, Wealth Management and Advisory Services. Our core values and overall mission are building blocks for the long-term success of our clients, associates, shareholders and communities.
Learn more about our growth in Central Carolinas: oakworth.cc/Central-Carolinas
We’re Growing in the
CENTRAL CAROLINAS Why
Our clients consistently share that what makes Oakworth unique is our people, the high level of personalized service and the fact that we make our clients’ financial lives easier. Many organizations have great people, but very few are truly organized around the client with the express purpose of providing consistent and distinctive service. The Central Carolinas represents a significant opportunity for us to extend that level of service to a vibrant, thriving market. Our goal is to become an iconic brand in financial services, set apart by our client-centered approach.
One of Oakworth’s core values is Innovative & Creative Spirit. Few areas of the country represent that spirit like Charlotte and the Central Carolinas do. This market is home to industry leaders in advanced manufacturing, financial services, energy, technology, healthcare and other commercial enterprises. We are confident our approach to providing expertise and capital will support growth for professionals, business owners and their families and contribute to the overall success in the Central Carolinas.
Scott B. Reed Chief Executive Officer & Chairman of the Board
As we enter a new market, we look for great leaders and associates who believe in our core purpose and share our core values (Golden Rule, Character, Innovative & Creative Spirit, Professionalism and Work Ethic). Next, we look at a few fundamental characteristics within markets: critical mass for our targeted approach; markets that are receptive to our approach; markets that are dominated by larger super-regional and regional financial institutions and markets with like-minded talent and companies. We have found all of these elements for success in the Central Carolinas!
Central Carolinas MARKET BOARD
This group of talented professionals has demonstrated leadership in the business community and have a vested interest in helping their communities, businesses and families succeed. They represent a multitude of industries and exemplify our core purpose and values. These leaders are already contributing to our success in Central Carolinas.
Market Board Members
David B. Tucker
C.M. Tucker Lumber Companies, LLC
Holly Welch Stubbing
President & CEO
National Philanthropic Trust
Thomas Hunter, IV
Managing Director
Anderson LeNeave & Co.
Morrison Creech
Retired Head of Private Banking
Wells Fargo
Kimberly Mize
President & Chief Executive Officer
Kimberly Mize Consulting
Blake Evans
President & Chief Executive Officer
Salem Capital
Steve Smith
President
The McAulay Smith Firm
Patricia Propst
Finance & Operations
Executive Director, Wray Ward
Brent Beason
President & CEO
B&W FiberGlass Inc.
Hugh Shannon
Retired
Managing Director
Bank of America
COMMERCIAL & PRIVATE BANKING What we do
Fully versed in the financial complexities of personal, commercial, industrial and professional businesses, our Client
Advisors are prepared to deliver our services with an unwavering desire to exceed expectations. We first meet with you to understand your unique needs and goals for the future, and then coordinate a multidisciplinary team of financial experts to create a tailored strategy. We understand that personal assets are often inextricably intertwined with business assets. By bringing our substantial experience to bear, we offer unique integrated solutions to manage both corporate and personal financial growth.
Commercial & Private Banking Services
Deposit Services
Commercial
• Checking
• Money Market
• Savings
• Certificate of Deposit Personal
• Checking
• Money Market
• Savings
• Individual Retirement
• Certificate of Deposit
• Mobile Deposit
• Mobile Wallet
• SecurLOCK Equip Mobile App
Commercial
• Working Capital Lines of Credit
• SBA Lending
• Equipment Financing and Leasing
• Owner-Occupied Real Estate
• Investment Property Personal
• Lines of Credit
• Home Equity Lines/Loans
• Construction Loans
• Margin Loans/Lines
• Zelle Lending Services
Treasury Management
• Sweep Accounts
• Online Banking/Bill Payment
• Debit Cards
• ACH/Direct Deposit
• Zero-Balance Accounts
• Positive Pay
• Wire Services
• Remote Deposit
• Travel Cards
• Gift Cards
• Lock Box Services
• Corporate Credit Cards
WEALTH MANAGEMENT What we do
Our hallmark is taking both a broad view and a deep dive into the complexities of wealth management and trust needs. This holistic approach allows us to manage assets not just for today, but for generations.
Your Client Advisor will work to deeply understand your values and goals to then coordinate an elite, multidisciplinary team of financial experts to preserve your invested dollars, provide a readily accessible stream of liquidity and generate a competitive rate of return – all based upon a unique statement of investment policy defined for you. We advise our clients on the appropriate asset allocation and execute this strategy through the use of an open-architecture investment platform. We then work closely with you to achieve your generational financial objectives.
Wealth Management & Trust Services
Investment Manager & Advisor
• Personal Portfolio Management
• Individual and Institutional Investment Consulting
• Advisory Services
Personal Trust Services
• Full Discretionary Trustee Services
• Estate Administration
• Governing Documents Oversight
• Unique Assets in Trusts (commercial real estate, timberland, etc.)
• Additional Trusted Advisor Coordination
Custodian of Assets
• Custody of all Securities
• Customized Performance Measurement
• Disbursement of Income or Principal (as requested)
• Tailored Reinvestment Strategies
• Escrow Agent
ADVISORY SERVICES What we do
Imagine if you could plug your financial destination into a GPS.
We work the same way to navigate your financial experience. Simply determine where you want to go, and we will show you options and map out the journey step-by-step. Simply determine where you want to go, and we will show you options and map out the journey step-by-step in our Guided Planning Solutions (GPS).
Guided Planning Solutions
The Planning Process
We guide you through our customized 5-step planning process that will put you in the best position to reach your unique financial needs, values and dreams.
Value Discussion & Goal Setting
To provide you with the best advice, your Client Advisor will first take the time to learn what’s important to you and how it applies to your wealth.
1.5 hour meeting
To provide you with the best advice, your Client Advisor will rst take the time to learn what’s important to you and how it applies to your wealth.
1.5 hour meeting
Together with your Client Advisor, you will source and gather applicable financial information, discuss your goals and determine when you’d like to achieve them.
Together with your Client Advisor, you will source and gather applicable nancial information, discuss your goals, and determine when you’d like to achieve them.
Analysis
With the information collected, your Client Advisor will analyze your current financial situation and develop specific strategies for reaching your nancial destination, present recommendations to you and also discuss any changes that may be needed.
With the information collected, your Client Advisor will analyze your current nancial situation and develop speci c strategies for reaching your nancial destination, present recommendations to you, and also discuss any changes that may be needed.
Your Client Advisor will present recommendations, discuss any changes and establish a timeline for implementation to guide you on your financial journey.
Your Client Advisor will present recommendations, discuss any changes, and establish a timeline for implementation to guide you on your nancial journey.
1.5 hour meeting
1.5 hour meeting
As life changes, you may need to periodically shi course.
As life changes, you may need to periodically shift course.
Your Client Advisor will monitor and update your path to help you stay on track to achieving your goals.
1 hour meeting
Your Client Advisor will monitor and update your path to help you stay on track to achieving your goals.
1 hour meeting
SAFETY SOUNDNESS &
FINANCIAL
$1.8 $2.3 Billion in Total Assets Billion in Wealth Assets
unaudited, as of December 31, 2024
EXPECTATIONS Exceeding
LEADERSHIP Thought
We believe communication is the key to successful client relationships. While sharing useful information is beneficial, regardless of source, we believe in the value proposition of developing and having our own experts and ideas. By generating our own market commentaries, economic newsletters, topical subject analysis and serials, and even conversational podcasts and videos, our clients know we are using our knowledge, creativity and expertise to help them succeed.
Scan our QR code for all of our content or to subscribe to our publications.
Our Podcast Trading Perspectives
In this weekly podcast, Chief Economist John Norris and Portfolio Manager Sam Clement exchange perspectives on the driving factors influencing our economy. Trading Perspectives can be found on Apple Podcasts, Spotify, Google Play, YouTube, and all other major podcast outlets.
Our Blog Common Cents
Started over 20 years ago, Common Cents is a weekly blog written by Chief Economist John Norris detailing and explaining the events that impact our economy. John distills the latest information, making it easy to understand how these events affect daily life.
Our Magazine
Macro & Market Perspectives
This print and digital magazine is designed to provide education and unique insight into specific factors that are currently driving the economy. Each quarterly issue includes an economic overview as well as updates on the equity and bond markets, asset allocation and relevant economical issues.
MEETOURTEAM
“OAKWORTH’S CLIENTS CONSISTENTLY PRAISE THE COMPANY FOR THE QUALITY OF ITS PEOPLE, ITS DISTINCTIVE LEVEL OF SERVICE AND ITS COMMITMENT TO MAKING FINANCIAL SERVICES EASY. BRINGING THE OAKWORTH EXPERIENCE TO THE CAROLINAS AREA WILL BE A HUGE BENEFIT FOR CLOSELY HELD BUSINESSES, PROFESSIONALS AND FAMILIES, AND I’M HONORED TO LEAD THIS EFFORT.”
- TIM BECK MANAGING DIRECTOR, MARKET LEADER
TIM BECK
Managing Director, Market Leader
Office: 704.901.7262
Email: tim.beck@oakworth.com
Mr. Beck brings extensive knowledge and leadership skills to Oakworth Capital Bank, as well as deep roots in the Central Carolinas market. Mr. Beck began his career in the financial services industry in 1988 as a commercial credit analyst with Bank of America (BoA), followed by positions as commercial relationship manager and private banking relationship manager. He has served as market senior lender for the former SouthTrust Bank; corporate lender and business services team leader for BB&T; market manager of home building finance and commercial real estate in North Carolina and South Carolina for First Horizon; regional lending executive for Silverton Bank; senior asset manager for the FDIC’s department of receivership and resolution; and executive vice president and chief credit officer for Aquesta Bank. He also served as chairman of the Chief Credit Officers Peer Committee for the North Carolina Bankers Association. Mr. Beck is a native of Greensboro, NC.
PATRICK RAY
Office: 704.901.7260
Email: patrick.ray@oakworth.com
Mr. Ray has a rich family history in banking and it comes as no surprise that he continues to successfully build his own career in the commercial banking space throughout the Central Carolinas. A Cincinnati native, Mr. Ray grew up in Naples, Florida., earning his undergraduate and graduate degrees in Florida. He began his banking career at Fifth Third Bancorp in 2015. In the past eight years with Fifth Third, he worked as a retail personal banker, commercial credit analyst, associate relationship manager and, most recently, commercial relationship manager (assistant vice president). His roles with Fifth Third brought him to the Charlotte area in 2017 after serving relationships throughout Florida.
Mr. Ray serves as vice president for membership of the Charlotte Construction Financial Management Association and supports multiple local charities. He and his wife, Katy, live on a farm outside Charlotte in Cherryville, North Carolina, with their son, Brody. When out of the office, Mr. Ray enjoys spending time with family, working on his farm, bird hunting and being on the lake.
BOB WILBER
Office: 704.901.7265
Email: bob.wilber@oakworth.com
Mr. Wilber brings to Oakworth a wealth of banking experience within the commercial middle market space, as well as a passion for superior client service and team performance. He effectively oversees complex lending portfolios and is skilled in risk assessment and mitigation, regulatory compliance and strategic planning. Before joining Oakworth, he served as managing director at Blue Ridge Bank, senior vice president at First Horizon and Pinnacle banks and vice president at First Citizens Bank and SunTrust Bank.
Originally from Binghamton, New York, Mr. Wilber and his family relocated to the Greater Charlotte area when he was in middle school. He is an avid sports fan. His teams include the Carolina Panthers, Charlotte Hornets, New York Yankees and Kentucky Wildcats. His commitment to community service runs deep. His volunteer positions have included: advisory board member for The Salvation Army of Greater Charlotte; United Way, Community Investment and Fundraising Team; board member for Community Health Services and Carolina Cross Connection; and a regular volunteer for Servants with a Heart.
ALICE WOMACK
Managing Director
Private Wealth and Banking Team Lead
Office: 704.901.7251
Email: alice.womack@oakworth.com
Ms. Womack serves as a Managing Director and Private Wealth and Banking Team Lead, focused on private banking and wealth management for Oakworth Capital Bank’s Central Carolinas Market. She spent over eight years as part of Oakworth’s Central Alabama private banking team, providing financial services to high net worth individuals, corporate and professional executives and their families, as well as professional small to mid-sized commercial firms and charitable entities.
She has over 30 years of banking experience, having been with Synovus Financial Corporation/First Commercial Bank as Vice President in the Private Client Group prior to joining Oakworth. She served two terms on the Mountain Brook City Council in Alabama and is a Past President of both the Mountain Brook City Schools Foundation and the Mountain Brook Chamber of Commerce. She is a graduate of Leadership Birmingham and the Alabama-based Momentum Women’s Leadership program. She has served as a member of the Service Guild of Birmingham and is a sustaining member of the Junior League of Birmingham.
LAURA SNEAD
Office: 704.901.7256
Email: laura.snead@oakworth.com
A native of North Carolina, Ms. Snead is an accomplished and strategic client account manager who has a strong history of building a relationship-focused client experience across the financial services industry. Her tenure at First Citizens Bank in Charlotte included the roles of vice president, private banking; vice president, premier relationship banking; and licensed financial sales manager. Prior to her work at First Citizens, she was a financial sales consultant with RBC Bank/PNC Bank. Her consultative approach to identifying growth opportunities and problem-solving in order to help clients succeed dovetails well with Oakworth’s core values.
Along with her love of travel, she enjoys the challenge of outdoor sports. Just as she helps clients strive to reach their goals for success, she has that same drive in her personal life and community service. She has chaired the Union County Girls on the Run board of directors; currently serves as CFO for the Junior League of Charlotte; has competed in the IRONMAN® competition and is a marathon runner. Ms. Snead is also an instructor at Sweet Spot Studio, where she teaches cookie decorating.
DAVID MACK
Office: 704.901.7264
Email: david.mack@oakworth.com
Mr. Mack brings to Oakworth a long track record of building and managing client relationships by analyzing client needs and long-term goals and building forward-thinking financial, tax and credit strategies. Internally, he has trained and served as a mentor to guide and develop junior colleagues. As a risk leader in his previous roles, he has worked not only to manage risk in banking, but also to ensure regulatory and internal policy compliance. Prior to joining Oakworth, Mr. Mack held several senior positions at Wells Fargo in Charlotte, most recently vice president and senior private banker and senior regional bank private banker. He and his wife, Stephanie, have two boys, Sam and Owen. During his free time, Mr. Mack serves as a Lake Norman Youth Sports coach and enjoys fishing with his boys.
SARA JEAN VEATCH
Client Advisor, CFP® Wealth and
Office: 704.901.7230
Email: sarajean.veatch@oakworth.com
With more than 15 years of experience in wealth management and financial services, Ms. Veatch brings a strategic approach to generational wealth planning and asset allocation, with an emphasis on complex financial planning for high net worth individuals. Ms. Veatch is currently working to obtain her Certified Divorce Financial Analyst designation. Before joining Oakworth, she worked for four years at Truist, most recently as wealth strategist and senior vice president in Charlotte. She began her career in private banking at Wells Fargo, first in Charlotte and then in California. Ms. Veatch and her husband, Justin, have three children: Auggie, Amelia and Harrison. She serves on the Saint Luke’s executive board and serves on the boards of Dilworth Little League and Colonial Village. Ms. Veatch stays active when she isn’t in the office, enjoying pickleball, tennis, golf, going to the beach and touring Charlotte on foot to discover the many parks, restaurants and attractions that Charlotte and Central Carolinas have to offer.
CARSON RECTOR
Associate Credit Advisor
Office: 205.443.4629
Email: carson.rector@oakworth.com
Mr. Rector began his professional career at Oakworth as a summer intern associate before being hired as a commercial credit analyst and associate credit advisor. In 2023, he joined Synovus to help launch their Corporate and Investment Banking division, gaining experience in structuring, underwriting and the legal documentation stage while working with various private equity firms and banks to close syndicated credit opportunities for mergers and acquisitions.
In his current position with Oakworth, Mr. Rector works collaboratively with client advisors to determine the borrowing needs of prospects and existing clients, structure credit opportunities based on those needs, and evaluate and mitigate the associated risks. He is also involved in underwriting and negotiating during the legal documentation stage. Mr. Rector volunteers his time to several organizations: Friends Life Community, Community Food Bank of Central Alabama and First Light.