Nelson Named Chairman, CEO of Liberty Bank / Executive Management Structure for Bank Announced

Article excerpt

Charles E. Nelson was named chairman and chief executive officer of Liberty National Bank and Trust Co. of Oklahoma City on Thursday.

Banks of Mid-America Inc. also announced several other management changes in the bank.

K. Gordon Greer was elected president and chief credit officer of Liberty, moving from his job as chairman of the board of the First National Bank and Trust Co. of Tulsa, Liberty's sister bank. The appointment makes him one of the three principal officers in Liberty, said James W. Bruce Jr., executive vice president and chief financial and administrative officer for Liberty.

William M. Bell was elected vice chairman for corporate development at Liberty.

James A. White, president of First National, also has become its chief executive officer.

Jon R. Stuart was elected a director of the bank holding company and Liberty. Stuart is president of Tulsa-based First Stuart Corp., a family personal holding company whose main interest is the KVOO radio station in Tulsa, and has served as a director for the Tulsa sister bank.

The changes were made to create a management team focused on a return to high quality and sustainable levels of profitability, among other reasons, said Frank X. Henke, chairman of the bank holding company.

Nelson, president of First Oklahoma Bancorp. from 1983 to 1986, came to Oklahoma City in 1973 while employed by the IBM Corp. In his final two years with IBM, 1977 and 1978, Nelson was responsible for strategic planning with commercial banks.

He left to become president and chief executive officer of Service Card Systems Corp. and First Data Management Co., subsidiaries of First Oklahoma Bancorp. While serving on the holding company's board, Nelson was also a director of its subsidiary, the First National Bank and Trust Co. of Oklahoma City, which failed July 14, 1986.

Nelson is expected to bring an outside perspective to Liberty's market opportunities, Henke said.

Reached at Liberty Thursday, Nelson said through development of a strategic plan and working with Banks of Mid-America, he wants "to put in place the financial services needed for the state as it returns to a more normalized economy. …