Current OCF Chairman Michael (“Mick”) Goyk becomes OCF Executive Chairman, with former Senior Vice President and National Sales Manager appointed. Steve Tomasello becomes president.
oxford, michigan, February 21, 2024 /PRNewswire/ — Oxford Commercial Finance (OCF); subsidiary of oxford bank (the “Company”) is pleased to announce strategic leadership changes designed to provide enhanced strategic direction and oversight as the Company continues to expand and evolve.Current OCF Chairman Mick Goik To focus on strategic initiatives, he will transition to the role of Executive Chairman of the OCF Board of Directors. Steve TomaselloThe SVP and National Sales Manager will assume the role of President and drive operational excellence and growth.
Founded in 2022, OCF specializes in providing business financing solutions to meet the working capital needs of small and medium-sized businesses nationwide. These leadership adjustments are designed to better reflect and support OCF's evolving business needs and growth trajectory.
“Both Mick and Steve have played pivotal roles in OCF's exceptional growth and performance,” said David Lamb, Chairman, CEO and President of Oxford Bank. “Mick’s strategic leadership as president and Steve’s critical role as senior vice president of sales have contributed significantly to the company’s success. They will leverage their expertise in their new roles to position OCF as an industry leader. It further elevates us as a leader, innovator and trusted financial partner.”
In its first year, OCF completed 60 transactions and raised capital. $51.7 million In new business. The company has expanded its product offerings, entered new geographies and vertical markets, and assembled a team of experienced business finance professionals with more than 100 years of combined experience.
In his new role as Executive Chairman of the OCF Board of Directors, Mr. Goik will spearhead strategic initiatives including technology-driven growth, joint ventures and operational efficiency improvements. As a member of Oxford Bank's Board of Directors, he will continue to report on and advise on OCF's plans and performance, as well as manage relationships with key external stakeholders.
“I am extremely proud of what OCF has accomplished over the past year and am eager to explore new areas of growth,” says Goik. “In my new role as Executive Chair of the OCF Board of Directors, I will focus on strengthening our strategic capabilities and relationships to deliver further value to our customers, stakeholders and the company.”
As OCF President, Mr. Tomasello will lead day-to-day operations, execute strategic direction, manage and grow his team, and ensure the organization is aligned with OCF's growth goals.
“I am grateful for the dedication of the OCF team and am excited to lead our organization into its next phase of growth,” said Tomasello. “Together with Mick and the OCF team, we will continue to expand our products, expand our markets and drive success.”
Oxford Commercial Finance Corporation (“OCF”) is a subsidiary of Oxford Bank. michigan An insurance bank headquartered at the FDIC. OCF is a full-service commercial finance company that provides financing solutions to small and medium-sized businesses that are not eligible for traditional bank financing.We serve customers all over the world US. To learn more about OCF and its full range of financial services, please visit: www.oxfordcommercialfinance.com.
Except for the historical information contained herein, the matters discussed in this release may be deemed forward-looking statements that involve risks and uncertainties. The terms “result likely to occur,” “expected to result in,” “continue,” “anticipate,” “estimate,” “plan,” or similar expressions have the following meanings: Forward-Looking Statements are intended to identify “forward-looking statements.” Factors that could cause actual results to differ include, but are not limited to, changes in interest rates, changes in economic conditions in the Bank's market region, changes in regulatory policies, and acceptance. It will not be. The impact of new products, the impact of competitive products and pricing, and other risks are detailed in bank and company reports from time to time. These forward-looking statements represent our judgment as of the date of this report. However, the Bank disclaims any intention or obligation to update these forward-looking statements.
contact address:
Hilary McCarthy
Oxford Commercial Finance Clearpoint Agency
[email protected]
774.364.1440
Oxford Bank is an equal opportunity lender
Source Oxford Bank Corporation
