Oak Ridge Financial Services Inc., the parent company of Bank of Oak Ridge, announced three new executives.
The company announced the promotion of Tom Wayne to chief executive officer and chief financial officer; Marissa S. Parrish to chief people and marketing officer and senior vice president; and S. Brady Young to chief retail banking officer and senior vice president.
Bank of Oak Ridge, which offers a range of banking services for individuals and businesses, has been named Best Bank in the Triad six years in a row, one of the Triad’s Healthiest Employers and Top Workplaces and winner of the Better Business Bureau’s Torch award for ethics in 2016.
Wayne joined Bank of Oak Ridge in April 2000 as chief financial officer, and later held the positions of chief operating officer and president. Wayne has more than 30 years of experience in banking and financial services with Bank of Oak Ridge, High Point Bank, Hillsborough Savings Bank and KPMG.
Wayne, a North Carolina Certified Public Accountant, earned a B.S. degree in accounting from the UNC-Greensboro, a B.S. degree in finance from Appalachian State University and an MBA from Duke University’s Fuqua School of Business.
“In announcing the promotion, the board of directors wanted to clearly recognize and reward Tom’s leadership of the Bank — and his outstanding performance these past few years,” said Chairman Doug Boike in a statement. “The new title recognizes Tom’s leadership role and critical contribution to our success.”
Parrish joined Bank of Oak Ridge in July 2011 as director of human resources. Parrish has more than 15 years of experience in human resources, marketing and management with Bank of Oak Ridge, Unilever and General Mills. Parrish earned a B.A. from Wake Forest University and an MBA from UNC-Chapel Hill’s Kenan-Flagler Business School. She has also earned the Professional in Human Resources Certification.
“In her time with Bank of Oak Ridge, Marissa has provided outstanding contributions in her functional role with oversight of human resources, marketing and communications,” said Wayne. “In addition, she is an integral member of the senior leadership team, has high business acumen and drives our key brand initiatives.”
Young joined Bank of Oak Ridge in July 2010 as the retail banking manager. Young has over 19 years of retail banking and management experience with Bank of Oak Ridge and Flagstar Bank. Brady earned a B.S. degree from Concord University and will soon complete his final year at the NCBA School of Banking.
“Since Brady joined Bank of Oak Ridge as our head of retail nanking, he has overseen the majority of the bank’s non-interest income and deposit funding,” said Wayne. “He has also been a key leader in many significant initiatives undertaken by the Bank and a critical member of the senior leadership team.”
Previously, the promotions of Jeffrey Finberg to chief lending officer and Charles Ryan to chief credit officer were announced in late 2018.
The company’s stock closed at $15.10, down 10 cents, on Friday.
