Southwest Bankcorp subsidiaries, Stillwater National Bank and Trust Co. and Bank of Kansas, have a new president and CEO in Mark Funke.
The bank appointed Funke to the role on Oct. 1, 2012.
Funke is replacing Rick Green, who will be retiring in January 2013. Green will serve as president emeritus and will assist with the transition through Jan. 31, 2013.
“We are pleased to have a highly respected individual such as Mark join our organization,” said Bob Rodgers, chairman of the board of SNB, Bank of Kansas and Southwest Bancorp. “Mark brings a deeply rooted knowledge of the industry and a pioneering vision for the company that uniquely fits our heritage and core beliefs.”
Funke is joining Southwest Bancorp at a time when the financial firm is unfettering itself from its debt to the government.
This year, the Comptroller of the Currency released SNB from a formal agreement, allowing the payment of dividends on Trust Preferred Securities. In addition, the bank repaid the government the remainder of the funds owed under the Capital Purchase Program.
Stillwater National Bank, one of the subsidiaries Funke will lead, has assets of $2.3 billion. Bank of Kansas, meanwhile, offers both commercial and consumer lending.
