BOK Financial Names CCO; Oklahoma City Market CEO
BOK Financial announced that Marc Maun will become the company’s next chief credit officer. A 30-year veteran of the company, Maun currently serves as chairman and market CEO of Bank of Oklahoma, Oklahoma City. John Higginbotham, current president of the Oklahoma City market was named the new market CEO.
Maun will report directly to BOK Financial president and CEO Steve Bradshaw and will become a member of the executive leadership team, which drives the strategy and direction of the corporation. He takes over the new role after current chief credit officer Stacy Kymes was named the executive vice president for Corporate Banking for the company. Kymes and Maun will work together during the transition period, which should be completed no later than June 30.
In his career at BOK Financial, Maun worked throughout the company in a variety of roles, including leading Treasury Services, International Banking, Mergers and Acquisitions, Corporate Banking and Correspondent Banking all in Tulsa at the company’s headquarters. In 2006, Maun was tapped to lead the creation of a new banking division, Bank of Kansas City. Under his leadership, the market bank grew from a start up to more than $562 million in loans and 130 employees. He moved back to Oklahoma in 2013 to become the chairman and CEO of Bank of Oklahoma, Oklahoma City.
Higginbotham has been with the company for nearly 30 years serving in a variety of positions. For the past three years, he held the role of president of the Oklahoma City market. As market CEO, Higginbotham will be the senior executive responsible for all client relationships and operations in Oklahoma City. He will report to Norm Bagwell, executive vice president for Regional Banks.
“Marc has successfully served the company in a number of roles over the past three decades, gaining valuable experience to position him for the role of chief credit officer,” said Bradshaw. “Our credit culture and focus on long-term growth is what sets BOK Financial apart from the competition, so filling this lead role internally with someone who fully understands and appreciates that was a priority.”
“John is a proven leader and knows the Oklahoma City market inside and out. I have every confidence that the transition will be smooth and well received by our clients, employees and the community,” said Bagwell. “We have experienced a revitalization of our banking efforts in Oklahoma City since Marc joined, and I know that John is well positioned to leverage our investment in the market.”