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Oxford Bank Elects Goik and Lowman to Board of Directors

March 16, 2023, 07:48 AM
Filed Under: Banking News

Oxford Bank Corporation, the holding company for Oxford Bank, announced the appointment of two executive leaders, Michael ("Mick") Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk Officer, to the Oxford Bank Board of Directors, effective immediately.

Chairman, CEO and President David Lamb commented, "Both the Company's and Bank's Board of Directors made this appointment to recognize the value that Messrs. Goik and Lowman can bring to our deliberations on a range of issues as our organization becomes larger and more complex.  Together they represent the leadership of our lending businesses which are both our largest revenue generators and the area of the Bank that entails the most significant risk management.  Both executives have extensive experience and a consistent record of success in growing financial institutions through strong sales and credit cultures.  Matt has spent the majority of his career operating within traditional commercial banking and providing leadership of growing conventional banks as both a Chief Lending Officer and Chief Risk Officer. Mick has held senior positions, including President, within an industry leading specialty bank focused exclusively on commercial and alternative finance products that included asset-based lending, factoring, and leasing." Lamb added, "Both leaders are intensely focused day-to-day on their respective business lines, and we believe that the knowledge sharing through Board of Directors membership will allow more insight on each other's business as well as other important aspects of the combined Bank."

Lead Independent Director Karen Mersino noted, "The Board and Management have a deep commitment to improvement every day.  I believe this appointment will positively add to our discussions and further enhance the Directors' governance and oversight while also further assisting in setting the strategic direction of the collective Company.  The Board is looking forward to this enhanced relationship with two key leaders of business lines that are our principal revenue contributors."

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