FOR IMMEDIATE RELEASE
Legacy Bank and Trust, a Missouri based $800 million community bank, hires Nick Presson as Director of Commercial Lending to expand its community development focus in the Oklahoma market.
Springfield, MO – April 2022
Nick Wofford, the Market President for Legacy Bank and Trust in Tulsa, OK, is pleased to announce the addition of Nick Presson to its banking operation in Tulsa, OK. Presson will represent the bank as Senior Vice President, Director of Commercial Lending – Oklahoma, as Legacy continues to expand its footprint in Tulsa and other markets across the state of Oklahoma. Presson recently served in executive management and business development roles with a local community bank in the Tulsa area and has extensive experience in all types of commercial real estate and small business lending.
“We are thrilled to have great community banker of his caliber to join our team. Nick has established himself as a great banker with a solid reputation in commercial lending industry, our community, and with his peers. Legacy has built its successful organization on being an employee centric company that values long-term relationships with our customers and fellow employees, which makes him a great cultural fit for our company and future growth in Oklahoma.” said Nick Wofford, Tulsa Market President of Legacy Bank and Trust.
Presson is a graduate of Rogers State University and has lived and worked in the Tulsa area his entire life. He has been active with the Tulsa Area United Way, Tulsa Chamber of Commerce, and various charitable nonprofit organizations. Presson added, “I am extremely excited to join Legacy Bank and share our game-changing products with our customers that could be beneficial to their businesses and achieving their financial goals. The bank has prospered with their niche in community development lending in Missouri and I am looking forward to bringing that same approach to help growing the Legacy brand in Oklahoma with the Tulsa team.
“We are excited to have Nick join our team here at Legacy. He brings a wealth of knowledge and is a leader who will help us establish a footprint in the Tulsa area” noted Brett Magers, President of Legacy Bank and Trust.
Nick’s engaging approach aligns perfectly with how we develop business and value relationships. He continues to demonstrate he is a great fit with Legacy and we are excited as we continue our expansion in the Tulsa market” added Charles Hachtel, Chief Lending Officer of Legacy Bank and Trust.
About Legacy Bank and Trust
Since our first bank opened its doors, our vision has been to surpass standards in banking for our customers as well as local businesses, so they have the ability to help our communities thrive. Legacy Bank and Trust exists to serve as the financial leader in economic and community development by providing financial products and services to underserved populations within our service areas. As a Community Development Financial Institution, our mission is to provide economic opportunities to underserved communities. Legacy is a $840 million community bank with five locations in southwest Missouri, and now one in Tulsa, OK. It is a commercial bank that focuses on small business, agricultural and affordable housing lending.
Legacy has been recognized by S&P Global Market Intelligence as one of the Top 100 Community Banks in the country in 2018, 2019 and 2020. The ranking is based on six metrics that factor profitability, capital, growth and asset quality. In 2020, Legacy Bank and Trust was ranked #9 out of nearly 4,300
banks in the nation with assets below $3 billion. Legacy recently announced it holding company (Ozarks Heritage Financial Group, Inc., OHFG, Inc.) was
approved for $81.7 million in capital from the Treasury Department through the Emergency Capital Investment Program (ECIP) to increase lending to small businesses, and low- and moderate-income consumers in underserved urban and rural communities. ECIP enables Treasury to make direct investments in bank and holding companies that are designated as a Community Development Financial Institution (CDFI). Ozarks Heritage Financial Group, Inc. and its subsidiary, Legacy Bank & Trust have both designated as certified Community Development Finance Institutions since 2016. Legacy Economic
Growth Fund (LEGF) is a Community Development Entity that is also a subsidiary of OHFG, Inc. LEGF recently received an $60 million allocation of New Market Tax Credits.
For more information regarding this press release contact:
Brett Magers, President, at bmagers@legacybankandtrust.com