Suzanne C. Salls
Rockwall,TX
Summary
Financial professional with proven track record of success as a Chief Financial Officer in the banking industry. Results-oriented leader and effective communicator to a broad array of constituencies, including shareholders, investors, regulators, Board members and customers. Strong verbal, written and interpersonal skills, with exceptional ability to translate vision and strategy into clear, actionable plans and results. Expertise includes: IPO’s, Strategic Planning, Profitability Analysis, Investment Portfolios, SEC Reporting, Regulatory Reporting, ALM/IRR Management, Bank Regulatory Expertise, Sarbanes-Oxley, Financial Reporting, Budgeting, Loan Operations.
Overview
44
44
years of professional experience
1
1
Certification
Work History
EVP/CFO/BOARD MEMBER
OAKWOOD BANCSHARES/OAKWOOD BANK
01.2018 - 01.2025
- EVP/CFO/Board Member of Oakwood Bank and Oakwood Bancshares. Oakwood Bank was a $870 million state-chartered commercial bank based in Dallas, Texas. Responsibilities included oversight of all financial operations of the companies, including strategic planning and annual budget preparation, cash and liquidity management, investment activities, and oversight of Asset/Liability Management, including running the quarterly ALCO meetings. Responsibilities also included oversight of the Bank’s Information Technology, Deposit Operations and Branch Administration. As a primary liaison with the regulatory community on behalf of the Bank, Ms. Salls regularly communicated and interacted with the Texas Department of Banking and the FDIC. She also facilitated quarterly updates for the Bank’s 500+ shareholders. Ms. Salls’ tenure ended by mutual agreement one year following the sale of Oakwood to b1BANK.
Executive Vice President/CFO
UNITED TEXAS BANK
01.2015 - 01.2018
- CFO of United Texas Bank, a $450 million state-chartered commercial bank based in Dallas, Texas. Responsibilities encompassed oversight of all financial operations of the company, including strategic planning and annual budget preparation, cash management and liquidity, investment activities, and management of Asset/Liability Management (“ALM”) processes (as the ALCO chair), information technology, bank security, and vendor management. Facilitated a successful reverse merger which allowed bank ownership to be consolidated under the holdings of the Beck family. Implemented a leverage strategy to generate additional monthly income. Developed and implemented multiple bank policies and procedures resulting in strong outcomes during regulatory examinations.
Executive Vice President/CFO
SP BANCORP/SHAREPLUS BANK
01.2005 - 01.2014
- CFO of SP Bancorp, a $350 million NASDAQ-listed (SPBC) holding company of SharePlus, a state chartered commercial bank based in Plano, Texas. Responsibilities encompassed oversight of all financial operations of the companies, including facilitation of all SEC and Regulatory reporting, Sarbanes-Oxley control environment, strategic planning and annual budget preparation, cash management and liquidity, investment activities, and management of ALM processes, serving as Chair of the ALCO committee. Led the completion of a successful IPO, culminating in SPBC’s NASDAQ listing and stock appreciation of almost 200% in 4 years. Developed effective and efficient SEC reporting capabilities while simultaneously creating the Sarbanes-Oxley-control environment without adding any additional staff headcount for three years. Key member of executive team coordinating SharePlus’ charter conversion from federal thrift to state-chartered commercial bank. Reorganized Loan Servicing department, improving efficiency and customer service through staff development and data processing conversion to in-house system.
Senior Vice President/CFO
MERCANTILE BANK & TRUST, FSB
01.1986 - 01.2005
- Responsibilities included strategic planning, annual budget and business plan preparation, as well as financial statement oversight and preparation, and management of the liquidity position, investment portfolio and ALM requirements. Responsibilities further included oversight of Loan Servicing Operations and Human Resource departments. Additional duties included the coordination of independent audits, federal and state tax returns and regulatory examinations.
Assistant Controller
INDEPENDENT AMERICAN REAL ESTATE, INC.
01.1984 - 01.1986
- Coordinated the preparation of monthly financial statements through the consolidation of multiple real estate divisions and monitored accounting related activity for these divisions on a monthly basis. Held full accounting responsibility for a publicly-held limited partnership and a broker-dealer and facilitated the SEC related filings.
Assistant Vice President/Assistant Controller
STATE SAVINGS AND LOAN ASSOCIATION
01.1983 - 01.1984
- Analyzed and prepared monthly internal financial statements, state and federal financial reports and Board of Directors’ reports. Responsibilities also included the maintenance of fixed asset records and supervision of all general ledger reconciliations, including cash.
Staff Auditor
KPMG
01.1981 - 01.1983
- Assisted in the audits of various clients, including financial institutions, non-profit organizations, public utilities, oil and gas, and manufacturing. In-Charge auditor for internal control reviews as part of special services provided for clients.
Education
Bachelor of Business Administration - Accounting
Texas Tech University
Lubbock, TXSkills
- Strategic financial planning
- IPO's/SEC Reporting
- Banking/Regulatory expertise
- Financial Reporting
- Treasury Management
- Shareholder Relations
Certification
Certified Public Accountant, Texas State Board of Public Accountancy
Timeline
EVP/CFO/BOARD MEMBER
OAKWOOD BANCSHARES/OAKWOOD BANK
01.2018 - 01.2025
Executive Vice President/CFO
UNITED TEXAS BANK
01.2015 - 01.2018
Executive Vice President/CFO
SP BANCORP/SHAREPLUS BANK
01.2005 - 01.2014
Senior Vice President/CFO
MERCANTILE BANK & TRUST, FSB
01.1986 - 01.2005
Assistant Controller
INDEPENDENT AMERICAN REAL ESTATE, INC.
01.1984 - 01.1986
Assistant Vice President/Assistant Controller
STATE SAVINGS AND LOAN ASSOCIATION
01.1983 - 01.1984
Staff Auditor
KPMG
01.1981 - 01.1983
Bachelor of Business Administration - Accounting
Texas Tech University