Newspaper article THE JOURNAL RECORD

Young Named City President for Bank IV

Newspaper article THE JOURNAL RECORD

Young Named City President for Bank IV

Article excerpt

Journal Record Staff Reporter

James N. Young Jr., former president of Bank of Oklahoma NA, Oklahoma City, has joined Bank IV Oklahoma NA to be president of its Oklahoma City operations.

He will be responsible for leading the central Oklahoma operation, which will grow significantly if Bank IV completes its anticipated May purchase of Equity Bank for Savings FA. That acquisition will give Bank IV 11 central Oklahoma locations in addition to the one it already has in Nichols Hills.

John Shelley, president of Equity, is expected to remain with Bank IV after the merger to manage the business Equity is doing. Kenneth Lawton, president of Bank IV Nichols Hills, will continue in that capacity.

The two would work together under Young, whose primary responsibility is to provide leadership for the Oklahoma City portion of the Bank IV franchise.

Edward F. Keller, chairman and chief executive officer of Tulsa-based Bank IV Oklahoma, said Young was brought in to be the "quarterback" and to enhance the strengths Bank IV Oklahoma City will have in retail and private banking.

"We needed someone to take those two lines of business and add the commercial line, and Jim is the perfect person for that. A number of us have known Jim a long time and admired his work."

Young was directly involved in building commercial lending at Bank of Oklahoma. Bank IV's commercial portfolio in Oklahoma City is limited and will remain so even after the Equity acquisition because of the retail nature of the savings and loan business, which is focused on mortgage lending.

"Oklahoma City will be the largest market Bank IV is in right now," Young said. "Wichita is smaller than Oklahoma City. Bank IV is becoming a major force in Tulsa, but even so Tulsa is still smaller than Oklahoma City."

Bank IV's parent company, Fourth Financial Corp. …

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