Oak Ridge, NC, Feb. 15, 2019 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announces the promotion of Tom Wayne to Chief Executive Officer and Chief Financial Officer; Marissa S. Parrish to Chief People and Marketing Officer and Senior Vice President; S. Brady Young to Chief Retail Banking Officer and Senior Vice President.
“In announcing the promotion, the Board of Directors wanted to clearly recognize and reward Tom’s leadership of the Bank—and his outstanding performance these past few years. The new title recognizes Tom’s leadership role and critical contribution to our success,” said Doug Boike, Chairman of the Board.
Thomas W. Wayne joined Bank of Oak Ridge in April 2000 as Chief Financial Officer, and later held the positions of Chief Operating Officer and President. Tom has more than 30 years of experience in Banking and Financial Services with Bank of Oak Ridge, High Point Bank, Hillsborough Savings Bank, and KPMG. Tom is a North Carolina Certified Public Accountant with a B.S. degree in Accounting from the University of North Carolina at Greensboro, a B.S. degree in Finance from Appalachian State University, and an MBA from Duke University’s Fuqua School of Business.
“I appreciate the continuing support of the Board of Directors and am excited for the future of the Bank as our Board, management, and team members work together to exceed client and shareholder expectations,” said Tom Wayne, CEO and CFO.
Marissa S. Parrish joined Bank of Oak Ridge in July 2011 as Director of Human Resources. Marissa has more than 15 years of experience in Human Resources, Marketing, and Management with Bank of Oak Ridge, Unilever, and General Mills. Marissa holds a B.A. from Wake Forest University and an MBA from the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School. She has also earned the Professional in Human Resources Certification.
“In her time with Bank of Oak Ridge, Marissa has provided outstanding contributions in her functional role with oversight of Human Resources, Marketing and Communications. In addition, she is an integral member of the senior leadership team, has high business acumen and drives our key brand initiatives,” said Tom Wayne, CEO and CFO.
S. Brady Young joined Bank of Oak Ridge in July 2010 as the Retail Banking Manager. Brady has over 19 years of Retail Banking and Management experience with Bank of Oak Ridge and Flagstar Bank. Brady holds a B.S. degree from Concord University and will soon complete his final year at the NCBA School of Banking.
“Since Brady joined Bank of Oak Ridge as our Head of Retail Banking, he has overseen the majority of the Bank’s noninterest income and deposit funding. He has also been a key leader in many significant initiatives undertaken by the Bank and a critical member of the senior leadership team,” said Tom Wayne, CEO and CFO.
The promotions of Jeffrey Finberg to Chief Lending Officer and Charles Ryan to Chief Credit Officer were announced in late 2018. Thomas W. Wayne, Marissa S. Parrish, S. Brady Young, and Jeffrey Finberg serve as the Bank of Oak Ridge Senior Management Team.
About Oak Ridge Financial Services, Inc.
Oak Ridge Financial Services, Inc. (OTCPink:BKOR) is the holding company for Bank of Oak Ridge. Bank of Oak Ridge is an employee owned community bank that provides Spectacularly Local banking. Bank of Oak Ridge has been named Best Bank in the Triad six years in a row, one of the Triad’s Healthiest Employers and Top Workplaces, and winner of the Better Business Bureau’s Torch award for ethics in 2016. We offer a complete range of banking services for individuals and businesses. Bank of Oak Ridge is a Member of the FDIC and an Equal Housing Lender.
Banking Services | ATM Usage Worldwide | Mobile Banking | Online Billpay | Remote Deposit | Checking | Savings | Mortgage | Insurance | Lending | Wealth Management
Visit Us | To learn more, visit us during our extended weekday and Saturday hours at one of our convenient locations in Greensboro, Summerfield and Oak Ridge, North Carolina, or call 336.644.9944, or online at www.BankofOakRidge.com.
Forward-looking Information
This form contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of the Company and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, (1) competition in the Company’s markets, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectability of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations and (7) other risks and factors identified in the Company’s other filings with the Federal Deposit Insurance Corporation. The Company undertakes no obligation to update any forward-looking statements.