David Jeter has been named executive director for BOK Financial’s commercial banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.
Mark Wade has been named CEO for Bank of Texas as of Jan. 1, 2023. Wade will assume the role as long-time CEO Norm Bagwell transitions into a new part-time role after leading the Texas bank for more than 15 years.
Kolibri Global Energy and its indirect, wholly-owned subsidiary, BNK Petroleum, entered into a $75 million revolving line of credit from BOK Financial with an initial commitment amount of $20 million.
Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.
Second Wind Consultants facilitated Logan Fund’s purchase of a distressed note at $2 million par from BOK Financial. BOK Financial will exit from a lending relationship with a printed circuit board assembly company that has 60 employees.
BOK Financial added S. Scott Simmons to its asset-based lending team. Simmons has spent nearly 25 years in the ABL industry, previously serving in roles at First Capital, AloStar Capital Finance, Gibraltar Business Capital and, most recently, Webster Business Credit.
Steven G. Bradshaw, president and CEO of BOK Financial, will retire on Dec. 31. Stacy Kymes was previously named Bradshaw’s successor and will now assume the leadership role on Jan. 1.
BOK Financial named Marc Maun regional banking executive for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma. Jim Dietz will replace Maun as the company’s chief credit officer.
America’s Car-Mart extended the term of its revolving credit facilities to Sept. 29, 2024, and increased the total permitted borrowings to $600 million. In addition, CIBC Bank USA and Axos Bank joined the lending group.
BOK Financial named Brad Vincent the leader of the company’s specialized industry banking areas. Vincent will now oversee energy, commercial real estate, treasury services, commercial strategies and TransFund in addition to healthcare.