OakStar Bank Market Research Report

Company Overview

• Name: OakStar Bank

• Mission: To develop meaningful relationships by creating extraordinary experiences for those we SERVE.

• Founded: 2005

• Founders: A group of 38 local Southwest Missouri investors.

• Key People:

• Mike Lawson - Chief Executive Officer

• Jimmy Stilley - President

• Scott Whisman - SEVP, Chief Technology Officer

• Tina Bunge - SEVP, Chief Human Resources Officer

• Matt McFail - SEVP, Chief Financial Officer

• Rob Buchanan - SEVP, Chief Risk Officer

• Stephanie Hart - SEVP, Chief Communications Officer

• Jeff Scott - SEVP, Chief Banking Operations Officer

• Luke Fraser - SEVP, Chief Operating Officer

• Micah Scott - SEVP, Chief Lending Officer

• Board of Directors:

• Jerald L. Andrews

• Rita A. Baron

• Monte M. Doing

• Glen Garrett

• John Haik

• Aaron Jernigan

• Mike Lawson

• Rocky Levell

• Dennis Marlin

• Mike Reynolds

• Scott Whisman

• Headquarters: Springfield, Missouri, USA

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: OakStar Bank is known for delivering a local banking experience with a focus on community engagement, diverse banking solutions, and extraordinary customer service. They create an engaging environment similar to catching up with friends.

Products

• Digital Banking:

• Description: Provides customers with the ability to bank from anywhere at any time with online and mobile tools.

• Key Features: Online account access, mobile deposits, live chat.

• Checking Accounts:

• E-Star Checking, Premier 50 Checking, Kasasa Cash Back Checking.

• Key Features: Online/mobile banking, eStatements, rewards for everyday use.

• Savings Accounts:

• Includes OakStar Savings, Money Market, Acorn Savings, Kasasa Saver, and Christmas Club accounts.

• Key Features: Interest earning, online/mobile banking, eStatements.

• Loan Products:

• Personal Loans, Mortgage Lending, Business Loans, Auto & RV loans.

• Key Features: Diverse loan options tailored for unique client needs.

• Health Savings Accounts (HSA):

• Description: Helps manage costs related to high-deductible healthcare plans.

• Key Features: No carry-over limits, Visa debit card for withdrawals, no service fee.

• Certificates of Deposit (CDs) and IRAs:

• Description: Offer flexible terms for savings and retirement plans.

• Key Features: Various terms, attractive interest rates.

• Business Services:

• Business Checking, Business Savings, Business Lending, Merchant Services.

• Key Features: Customizable solutions for small and large businesses, digital banking.

Recent Developments

• Mergers and Expansions:

• In 2024, OakStar Bank is set to merge with FCNB and CFB, expanding further with six new locations in Colorado and Kansas by June.

• Opened a new location in Nixa, MO, in 2024.

• Branch Developments:

• A full-service location opened in Ottawa, KS, during 2022, with another Loan Production Office in Mountain Grove, MO.

• Entry into the Colorado market with a Loan Production Office in Grand Junction, CO, in 2021.

• 2019 saw a new full-service location on East Sunshine Street in Springfield, MO.

• Strategic Acquisitions:

• Acquired First National Bank locations in Lake of the Ozarks in 2018, enhancing presence with five additional branches.

• New Product Launches and Features:

• Continued enhancements in digital banking tools to provide a seamless and engaging banking experience.

• Partnerships:

• No information is available regarding new partnerships.

OakStar Bank is consistently working to expand and innovate within its market, emphasizing a strong community presence and customer-focused service.