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James Schnoes, One Bank & Trust (Small Bank CFO of the Year Finalist)

2 min read

Johnelle Hunt reopened the door to banking for James Schnoes in 2013 when she recommended him to help restore the financial fortunes of One Bank & Trust of Little Rock.

“It’s a very complicated situation, but it’s been a joy working through it all,” said Schnoes (pronounced shnays).

Rocked by mismanagement and placed under the regulatory microscope, the bank remains a work in progress as the 57-year-old executive helps restore order at the $316 million-asset institution.

The work at the bank includes rebuilding policy, practices and procedures and cleaning up the loan portfolio.

His interest in the bond, stock and commodities markets provided the early attraction to pursue a career in finance. Toward that end, Schnoes graduated with high honors in 1981 from Michigan State University in East Lansing with a bachelor’s degree in financial administration.

During his seven-year stint in the transportation division at First National Bank of Chicago, Schnoes met and worked with J.B. and Johnelle Hunt. He joined J.B. Hunt Transport Services Inc. in 1988 as a vice president of finance and had risen to senior vice president of finance and treasurer when he left the company in 1996.

His experience helping grow the truckload carrier from $350 million in annual revenue to $1.2 billion opened opportunities in transportation services and related consulting work that sometimes overlapped. Schnoes later was chief financial officer at other trucking-related ventures such as Charger Inc. and Clicklogistics Inc.

He came to One Bank from FTJ Group LLC, which he co-founded and served as CFO to develop consumer products for Wal-Mart Stores Inc.

Among his community activities are volunteer work with Cystic Fibrosis of Arkansas and serving as a board member for the Ronald McDonald House Charities of Arkansas.

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