Roy J. Salley
Director, Chief Executive Officer and President of Oakwood Bancshares, Inc.
Chairman of the Board, Chief Executive Officer and President of Oakwood Bank
Mr. Salley’s 38 years of banking experience is a story of consistent success in positions of increasing responsibility encompassing a wide range of banking operations. Roy has chartered and capitalized two banks which achieved and maintained profitable operations and grew organically and through successful acquisitions. He has turnaround and nonperforming asset liquidation experience. Roy has a long track record of prudent lending in commercial real estate and C&I sectors. Roy is a seasoned CEO who is well regarded by bank regulators and well respected by his peers.
In 1998, Mr. Salley formed First Mercantile Bank, N.A., in Dallas, raising $28 million in two offerings at $10.00 and $17.50 per share respectively. The bank reached $100 million in total assets at the end of the first year and was profitable within six months of its opening. First Mercantile completed the acquisition of a bank with $60 million in total assets in 2001. By 2002, First Mercantile had grown to $400 million in assets and operated four locations in Dallas and two in Austin, Texas. Colonial Bank targeted First Mercantile for its initial entry into Texas and acquired the bank in 2002 for $55 per share, a phenomenal return for First Mercantile shareholders.
Mr. Salley stayed on as CEO of Colonial Bank’s Texas operations, growing total assets to $850 million and the number of locations to twelve. Under Mr. Salley’s leadership, Colonial Bank’s Texas Regions were consistently ranked as the top performing regions in the twelve regions that Colonial operated in Texas, Florida, Georgia, Alabama, and Nevada.
In October of 2003, Mr. Salley again headed an organizing group which chartered a de novo commercial bank, Sovereign Bank in Dallas. Mr. Salley served as Chairman of the Board and Chief Executive Officer. The bank raised $38 million in capital at $10.00 per share and opened in July of 2004. The bank completed two additional offerings at $20.41 per share and $22.00 per share. Again, under Roy’s leadership, the bank was profitable within six months and the bank achieved phenomenal growth with over $700 million in total assets, while still maintaining a strong credit culture in difficult economic conditions.
In April of 2009 Roy stepped down as CEO to focus on acquisitions opportunities and strategic planning. In May of 2010 he resigned as Chairman to take a position with Commerce Street Capital as Managing Director for their Investment Banking division, where he was focused on mergers and acquisitions, raising capital, growth strategy, as well as turnarounds of troubled financial institutions.
Most recently, prior to joining Oakwood, Mr. Salley served as President of the North Texas Region of Spirit of Texas Bank, SSB, College Station, Texas. After joining Spirit of Texas in 2013, he helped raise $12 million in new capital for the bank; opened two new locations as well as assist in the purchase of another; grew the region to approximately $160 million in total assets and managed the lending operation in the area. Additionally, Mr. Salley was a member of the executive management committee and an advisory board member of Spirit of Texas. He received a BBA degree from Texas A&M University and holds multiple securities licenses.
Rhett D. Bentley
Director of Oakwood Bancshares, Inc.
Director and Chief Credit Officer of Oakwood Bank
Mr. Bentley has over 40 years of banking experience, primarily in the lending area. He began his banking career in 1977 as a commercial lender with Central Bank of the South in Birmingham, AL. after an extensive management and commercial lending training program. In 1982, he joined Republic Bank, Dallas as a vice president responsible for a multi-man team of corporate lending personal. In 1988, he joined Texas Commerce Bank as an executive vice president responsible for sales and marketing of banking services as well as lending to domestic commercial clients. In 1991 he founded Landmar Resources, Inc., which makes financial and energy investments, with an emphasis on purchasing non-operated oil and gas production and minerals rights and other equity investments in businesses.
In addition, Mr. Bentley continued his relationships in the Dallas banking community. In 1997, Mr. Bentley was the founding Chairman of the Board and director of a de novo bank, First Mercantile Bank, N.A., Dallas. While with First Mercantile, Mr. Bentley was a member of the investment committee, executive committee and chairman of the Directors Loan Committee with the authority to approve all loans over $500,000. First Mercantile was sold to Colonial Bancgroup in 2002, and he remained involved until 2007. Currently Mr. Bentley is the Chief Credit Officer to Oakwood Bank and is a founding (2017) director of both the Bank and the holding company, Oakwood Bancshares. He received his BBS in economics from Auburn University and is a 1985 graduate of the Southwestern School of Banking at Southern Methodist University.
Suzanne C. Salls
Director and Chief Financial Officer of Oakwood Bancshares, Inc.
Director and Chief Financial Officer of Oakwood Bank
Ms. Salls joined Oakwood as EVP/Chief Financial Officer in January 2018 and has enjoyed a career in banking that spans over 35 years. Her current responsibilities include oversight of all financial operations, as well as Information Technology, Deposit and Branch Operations, and Audit and Compliance. She also serves on the ALCO, Audit (non-voting) and Budget Committees of Oakwood.
Prior to joining Oakwood, Ms. Salls served as EVP/CFO of United Texas Bank, a $450 million state-chartered commercial bank based in Dallas, Texas from January 2015 – January 2018. Responsibilities encompassed oversight of all financial operations of the company, including strategic planning and annual budget preparation, cash management and liquidity, investment activities, and management of Asset/Liability Management processes (as the ALCO chair), Information Technology, bank security, and vendor management. Prior to that, Ms. Salls was CFO of SP Bancorp, the NASDAQ-listed (SPBC) holding company of SharePlus, a state chartered commercial bank based in Plano, Texas. During her tenure, SPBC completed a successful IPO in October 2010, culminating in the listing on NASDAQ and ultimately, stock appreciation of almost 200% in 4 years. Responsibilities encompassed oversight of all financial operations of the companies, including facilitation of all SEC and Regulatory reporting, Sarbanes-Oxley control environment, strategic planning and annual budget preparation, cash management and liquidity, investment activities, and management of ALM processes, serving as Chair of the ALCO committee. Ms. Salls tenure lasted almost ten years, concluding with the sale SPBC and SharePlus to Green Bank in October 2014. Prior to joining SPBC, Ms. Salls served as SVP/CFO of Mercantile Bank & Trust in Dallas. Ms. Salls is a CPA and started her career as an auditor with KPMG, later transitioning into community banking in Lubbock, Texas before relocating to the DFW area.