John Olaimey Tapped to Lead $1.1 Billion-Asset Southern Bancorp Bank

by George Waldon  on Monday, Mar. 5, 2012 12:00 am  

In a statement provided by Southern Bancorp, Olaimey said he was excited about the opportunity to join the bank because "growing up in small rural communities and leading a community bank has helped me understand the role a strong community bank can play, especially in today's challenged economic climate."

Olaimey grew up in Pine Bluff and Camden. He graduated with a bachelor's degree in business administration and financial management from the University of Arkansas at Fayetteville in 1991.

He followed that with a law degree with high honors from the Bowen School of Law at the University of Arkansas at Little Rock in 1998.

"John brings a unique combination of banking, legal and executive management capacity to Southern," Smiley said in a statement from Southern Bancorp. "His experience in growing a community bank will be especially useful as Southern continues to develop the infrastructure of a $1 billion community bank."

According to the company, Olaimey will continue to live and work in Little Rock while also keeping an office in Arkadelphia, where the bank is headquartered.

Southern Bancorp's Little Rock office at 8924 Kanis Road is home to 15 nonprofit staffers and 10 bank and holding company staffers.

The 13,600-SF building was acquired from a group of neurologists in November 2010 for $1.4 million.



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