Oklahoma business briefs for May 22
Banking program hires manager
The Oklahoma Native Assets Coalition, a Bank On organization, has appointed JR Webster, a member of the Muscogee (Creek) Nation, as manager of its efforts to improve banking access for the state’s Native Americans.
Like others throughout the country, the Oklahoma coalition is a locally led partnership that involves public officials from cities, state and federal agencies, tribal governments, financial institutions and community organizations to achieve that goal, and its officials said Webster was hired using dollars provided by the Bank On Fellows initiative, which received a good chunk of initial financial support from Wells Fargo.
“ONAC is grateful for this support to create the first Native-led Bank On coalition in the country,” said Christy Finsel, the coalition’s executive director and a member of the Osage Nation. Other tribal officials also celebrated Webster’s appointment into the role.
Officials said Webster is an experienced financial educator who, while working for a credit union, helped a tribe offer safe and affordable bank accounts to its citizens.
“I have seen firsthand how a lack of access can lead to a lifetime of struggle. It is exciting to have this opportunity to make a difference in Indian Country," Webster stated in the release.
Main Street announces 2019 additions
The Oklahoma Main Street Center has named Stillwater and Woodward as the newest additions to the Oklahoma Main Street Program for 2019. Downtown Stillwater Association and Woodward Main Street rejoin the program at the associate level, officials said.
The Main Street Program is a comprehensive revitalization effort designed to provide communities with tools to improve their historic central and neighborhood business district areas. The Oklahoma Main Street program serves as the state coordinating program for Main Street America, a program of the National Main Street Center Inc. The state Commerce Department oversees the state Main Street Program.
Officials said associate level membership will provide the programs in both Stillwater and Woodward access to limited Main Street services, including training and technical assistance for preservation-based commercial district revitalization, as they aim to build their organizations into ones that can successfully develop their downtowns.
Oklahoma Main Street communities have generated more than $1.73 billion in total public and private reinvestments that created more than 19,100 new jobs and helped develop more than 5,500 new or expanded small businesses, officials said.
Inland Truck Parts adds two Oklahoma City locations
Inland Truck Parts and Service has opened two expanded locations in the greater Oklahoma City area. The new Oklahoma City West location opened in March, allowing the existing separate parts and service facilities to combine under one roof. It features a 58,000-square-foot facility to accommodate a large inventory of reman transmissions and differentials, 18 service bays and a wide variety of additional parts and shop services to ensure the most reliable repairs and shortest downtimes possible.
The Oklahoma City East store moved to its new location in September 2018. The facility now includes an expanded parts department to complement its 15,000-square-foot repair facility. The location also has 12 service bays.
"We are extremely excited to grow our parts and service offerings in Oklahoma City," said Greg Klein, president of ITP. "Convenience matters for our customers, and providing a wide variety of both parts and service offerings at each location is just one of the many ways we can deliver a better experience."
AAON announces dividend
AAON Inc. directors on Monday declared a semi-annual cash dividend of 16 cents per share, payable July 1 to shareholders as of June 3.