New One Bank CEO Jerry Pavlas Rebuilds Brand, Braces for 'More Bad News'

by George Waldon  on Monday, Jan. 14, 2013 12:00 am  

Jerry Pavlas, president and CEO of One Bank & Trust, is part of the evolving board of directors at the $454 million-asset lender. (Photo by Michael Pirnique)

Profile

Gerald “Jerry” Pavlas, 63
• Grew up in Cleveland, attended Cleveland State University on a full-ride basketball scholarship and graduated with a bachelor’s degree in accounting.

One Bank & Trust, Little Rock
Total assets: $454 million
President & chief executive officer, October 2012-present

Southwest Securities Federal Savings Bank, Dallas
Total assets: $1.5 billion
CEO, October 2011-May 2012
Interim CEO, June 2011-September 2011
President, chief operating officer and director, March 2008-May 2012

Presidential Financial Corp., Alpharetta, Ga.
Private firm that specializes in providing working capital lines of credit
Chairman and CEO 2002-07

First State Bank of Texas, Denton
Total assets: $2.6 billion
President, COO and director, 1998-02
Hibernia Corp., New Orleans
Executive vice president, specialized commercial lending manager, 1995-98
EVP, chief credit officer, 1992-95
Senior vice president, credit risk management, 1990-92

Banc Texas Group, Dallas
EVP and chief credit officer, 1988-90
EVP and manager credit administration, 1985-88
SVP, manager special assets division, 1983-85

Huntington Bancshares, Cleveland
Total assets: $2 billion
Started his banking career and rose to vice president and special assets division manager, 1971-83

Board Sees Broad Expansion

The One Bank board of directors recently made two additions to its membership: James Schnoes, chief financial officer of FTJ Group LLC of Rogers and a former senior vice president at J.B. Hunt Transportation, and Bob Nash, a political journeyman who rose to prominence during the Clinton administration. They will serve in an advisory capacity pending approval by the OCC.

Expansion of the board continues following Stuart’s removal in September at the direction of the OCC.

“For a bank our size, we need seven or nine directors, preferably nine,” said Jerry Pavlas, who was hired as president and CEO of One Bank in October.

The board of directors was pared to four members after the OCC ordered the removal of Stuart and Tom Whitehead was placed on paid administrative leave from his duties as chief financial officer, executive vice president and director.

Rounding out the current board members with Pavlas and Berry are

Gary Rickenbach, executive vice president and chief loan officer, and Dr. James Pappas, who has served as a director for more than 25 years.

Pavlas expects One Bank’s capital to receive a healthy boost by March 31 courtesy of a sizable recovery from a $10.6 million lick registered in the third quarter last year.

“It could be about 50-60 percent,” he said of the anticipated recovery.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Should the alcohol amendment remain on the ballot?