Midwest City Banker Honored for Community Leadership

THE JOURNAL RECORD, September 16, 1992 | Go to article overview

Midwest City Banker Honored for Community Leadership


Henry Croak, chairman and chief executive officer of The First National Bank of Midwest City, was recognized Tuesday for leadership to his community by the Midwest City 50th Anniversary Committee.

Croak has been a banker in Midwest City for 38 years and has been active in other community functions as well, according to his son Robert H. Croak, who is president of the First Midwest City.

The elder Croak worked on the water conservation district and was involved in feasibility studies for Lake Thunderbird, which supplies water for Midwest City, Del City and Norman. He also was on the foundations that created Rose State College and Midwest City Regional Hospital.

The committee presented Croak with a Midwest City 50th Anniversary goldated silver medallion. About a dozen of the medallions were set aside by the committee to honor local individuals for their contributions to the community. Croak received the medallion during a board meeting at the bank.

Croak, 82, began his banking career in 1927 with Liberty Bank and Trust Co. of Oklahoma City NA. Next week marks the beginning of his 65th year in banking.

The Croak family purchased what was then the American State Bank in Midwest City in 1954. At that time it had about $4 million in assets. It now has assets of about $170 million and has 150 employees. . . Bert H. Ward, professor of accounting at the University of Oklahoma, has been named the first KPMG Peat Marwick Centennial Professor of Accounting at OU.

Ward has been an OU faculty member since 1974 and was director of the OU School of Accounting from 1987 to 1991.

The professorship was funded by gifts from partners and staff of KPMG Peat Marwick and the KPMG Peat Marwick Foundation. State matching funds were provided by the Oklahoma State Regents' Endowment Program.

Ward earned undergraduate and graduate degrees in accounting from OU and a doctoral degree in accounting and information systems from Northwestern University.

He has published his research results in major accounting journals, and he coote the text "Auditing: Theory and Practice." He served as a research associate with the national office of one of the world's largest accounting firms.

Ward also has been involved in the development of auditing standards. He is past chairman of the audit section of the American Accounting Association and has served on the editorial board of "Auditing: A Journal of Practice and Theory."

He was vice chairman of OU's presidential search committee in 1988-89.

"Professor Ward is a wellspected scholar and leader in the field of accounting," said OU President Richard L. Van Horn. "His expertise and leadership continue to enhance OU's national prominence as a center for research and teaching in accounting and auditing."

Peat Marwick, the world's largest accounting firm, has been one of the largest employers of OU accounting graduates for the last 40 years. Many of them now serve in leadership positions in the state and nation. . . Remi Bilbault, associate director of the Invest in France Agency, will discuss doing business in France at a Thursday luncheon meeting sponsored by Lawton International. The meeting will be held at Alberta's Tea Room, 2862 NW 63rd St. in the French Market Mall.

Bilbault's organization provides American companies with information on the French business climate, site selection studies, access to financial and other tax incentives and matchmaking between French and American businesses. He will discuss competitive advantages and information on incentives offered to foreign companies investing in France. . . Andrew J. Beal, assistant general counsel for the Oklahoma State Insurance Department, will address the Life Insurance Company Office Management Association Sept. 22. His topic is "Legal Issues Facing Today's Agencies. …

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