Oakwood Bank is bank headquartered in Dallas, Texas. The bank has 2 branches: one in Oakwood, Texas and one in Dallas, Texas. The bank is a subsidiary of Oakwood Bancshares, Inc., a bank holding company.
|Type||Privately held company|
|Roy J. Salley, CEO|
|Total assets||$384 million (2019)|
|Total equity||$42 million (2019)|
|Footnotes / references|
The bank was founded in 1900 under the name Oakwood State Bank.
In 1958, Roddy Rawls Wiley, Jr. took over the bank after his father died.
In 2009, the bank was referred to as "America's Smallest Bank" as it had only $3 million in total assets and $2.13 million in total deposits.
After the death of Wiley in 2010, the bank was acquired by Dorothy Cadenhead.
In April 2017, the bank raised $38 million in capital by selling a controlling stake to new management, allowing the bank to open a branch in Dallas, Texas. The bank also changed its name from "Oakwood State Bank" to "Oakwood Bank".
- "FDIC Bank Info: Oakwood Bank (FDIC # 10334)". Federal Deposit Insurance Corporation.
- Adler, Joe (May 5, 2006). "Oakwood's CRA Problems Continue". American Banker.
- Perry, Mark J. (August 28, 2009). "America's Smallest Bank: Oakwood Bank of Texas". American Enterprise Institute.
- OWENS, RYAN (August 23, 2009). "Small-Town Texas Bank Still Open for Business After 100 Years". ABC News.
- HARTMAN, STEVE (April 25, 2008). "The Bank Of Yesterday - Still Open". CBS News.
- Prior, Jon (May 15, 2017). "Capital raise gives smallest bank in U.S. chance to expand to Dallas". American City Business Journals.