ONB Bank CEO John Allan Praises Tulsa
By D. FORREST CAMERON
Editor and Publisher
COMMUNITY INVOLVEMENT: ONB Bank President and CEO John Allan, left, with members of the ONB Bank team during the annual Customer Appreciation Day picnic at the bank’s Southwest Boulevard location. With Allan from left are former Community Bank President Wes Harmon, Board Director David Blankenship, and ONB Bank Community Branch Bank President John Schemmer.
DANIEL C. CAMERON for GTR Newspapers
John Allan is emerging as one of Greater Tulsa’s significant young executive leaders. The president and of Bank assumed his position in December 2009 after arriving at the bank in July of that year, when he became the chief lending officer.
Bank is part of Central Bancompany, a $9 billion Missouri-based bank holding company headquartered in Jefferson City. In January, Forbes recognized Central Bancompany as America’s eighth best performing bank in a review of the nation’s 100 largest financial institutions.
Allan is very impressed with Tulsa. He says, “Tulsa is a very pro business community. The Tulsa Metro Chamber does a good job promoting business opportunities and we have done fairly well through the recession. Tulsa is a great community for both business and quality of life.”
Born in St. Louis, Allan was raised in Jefferson City. He graduated from the University of Missouri in Columbia, where he majored in banking and finance.
His first position after graduation in 1991 was with Central Bancompany in Jefferson City, where his responsibilities were in loan review and audit. He says that the position was beneficial to his career in that he learned the lending and operational sides of the banking business.
In 1995 he was promoted to the position of commercial lender at Central Trust Bank in Jefferson City, the lead bank of Central Bancompany. In 2001 he became the manager of the loan review department for Central Bancompany and most recently held the senior lending position at another Central Bancompany affiliate, Jefferson Bank.
Allan is very appreciative of his position with Bank. He says, “This is a great opportunity. I’m trying to bring the successful Central Bancompany model to Tulsa. Our goal is to have a strong presence in the major metro areas. We are a $600 million bank in Oklahoma, and we hope to continue our growth. We have a talented group here, and we have a very strong Board of Directors.”
Tulsa is not completely new to Allan, as his wife Charlotte was raised in the city. They have two children, a son 15 and a daughter 12. The children attend Metro Christian Academy. Charlotte graduated from Liberty University in Lynchburg, Va. “We’ve had a smooth transition to Tulsa. The kids’ school is terrific.”
Half way through his first year in his leadership position, Allan is exploring opportunities where he can become involved in civic and charitable work. encourages its employees to be active in their community and supports many local projects and activities.
Currently, Bank operates six full service banking facilities in the greater Tulsa metropolitan area including Sapulpa and Owasso, as well as serving customers in Stillwater and Edmond. The Tulsa locations include 2424 E. 21st St., 8908 S. Yale Ave., and 9004 E. 61st St. South as well as the Community Branch located at 2440 Southwest Boulevard.
Allan says his bank works diligently for small business. He says, “Business people are fairly cautious right now. Our customers are concerned about the potential impact of higher taxes and rising health care costs. The bank is keeping an eye on the financial-reform legislation in Washington, D.C. Our bank works hard for small business, and we have a strong program.” He also mentions the bank’s Internet banking system and the new mobile banking product that rolls out in August.
The Central Bancompany connection gives Bank strength. Bryan Cook, Central Bancompany , says, “We have held steadfast to our mission of ensuring we provide strong community bank management, while offering our customers leading edge financial products and superior service.”
Forbes partnered with Financial to determine the Central Bancompany top-ten ranking, which was based on eight criteria; return on average equity, net interest margin, non-performing loans, non-performing assets, reserves, a leverage ratio and two capital ratios.
Cook adds, “Though economic conditions may be uncertain, our steady, even-handed approach to business is rooted in our Midwestern values and centered on the growth and success of the customers and communities we serve. This recognition is a testament to the dedication of the over 2,600 employees in Missouri, Kansas, Illinois and Oklahoma who serve our customers through 13 full service community banks and affiliates in 66 communities. Central Bancompany continues to grow through our strong commitment to people, community, technology, and local management.”
He continues, “We are focused squarely on the future by expanding our banking facilities in high-growth markets and by adding highly specialized positions within the holding company to support that growth. The synergy between our local managements, our holding company resources and our expanding markets is producing new and significant business opportunities for our company.”
It looks as though Central Bancorporation has the right person in John Allan to carry out the company’s mission in Tulsa.
Updated 08-16-2010
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