Mick Goik, the current president of Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, will transition to the role of executive chairman of the OCF board of directors to focus on strategic initiatives, while Steve Tomasello, currently a senior vice president and national sales manager for OCF, will assume the position of president to drive growth.

“Both Mick and Steve have played pivotal roles in OCF’s exceptional growth and performance,” David Lamb, chairman, CEO and president of Oxford Bank, said. “Mick’s strategic leadership as president and Steve’s instrumental role as SVP of sales have significantly contributed to the company’s success. In their new roles, they will leverage their expertise to further elevate OCF as an industry leader, innovator and trusted financial partner.”

In his new role as executive chair of the OCF board of directors, Goik will spearhead strategic initiatives, such as technology-driven growth, joint ventures and operational efficiency enhancements. As a member of the Oxford Bank board of directors, he will continue to report and advise on OCF’s plans and performance, as well as manage relationships with key external stakeholders.

“I am extremely proud of what OCF has achieved over the past year and am eager to explore new areas of growth,” Goik said. “In my new capacity as executive chair of the OCF board, I’ll focus on strengthening our strategic capabilities and relationships to deliver enhanced value to our customers, stakeholders and the company.”

As OCF president, Tomasello will lead day-to-day operations, implement strategic directives, manage and grow the team, and ensure organizational alignment with OCF’s growth objectives.

“I’m grateful for the dedication of the OCF team and excited to lead our organization in its next growth phase,” Tomasello said. “Together with Mick and the OCF team, we will continue to expand our offerings, expand our markets and drive success.”