Bank7 Corp. and Bank7 Appoint J. Michael Sanner as Class I Director
November 16, 2018 at 02:11 pm
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On November 14, 2018, in accordance with authority provided under the certificate of incorporation of Bank7 Corp. and the articles of association of its wholly-owned subsidiary, Bank7 (the Bank), the Boards of Directors of both the company and the bank approved an increase in the size of their respective Board of Directors from eight to nine and appointed J. Michael Sanner to fill the vacancy created by such increase, effective immediately. Mr. Sanner will serve as a Class I director until the 2019 annual meeting of shareholders. Mr. Sanner has been appointed to serve on the Audit Committee and to chair the Compensation Committee of the company’s Board of Directors. In addition, Mr. Sanner has been appointed to serve on the Audit Committee of the Bank’s Board of Directors. Mr. Sanner currently serves as a member of the Oklahoma Accountancy Board and has been involved in numerous civic, professional and charitable organizations. Mr. Sanner has also been a member of the boards of directors of OGE Energy Corp. and its wholly-owned subsidiary, Oklahoma Gas & Electric Company, since September 2017, serving on the audit committee and the nominating and corporate governance committee.
Bank7 Corp. is a bank holding company. Through its wholly owned subsidiary, Bank7, it operates twelve full-service branches in Oklahoma, Texas, and Kansas. The Bank is a full-service commercial bank. It focuses on the development of deep business relationships with its commercial customers and their principals. Its consumer lending services include residential real estate loans and mortgage banking services, personal lines of credit, loans for the purchase of automobiles, and other installment loans. It focuses on the loan categories, such as commercial real estate lending, hospitality lending, energy lending, and commercial and industrial lending. The Bank offers deposit banking products includes commercial deposit services, commercial checking, money market, and other deposit accounts, and retail deposit services such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.