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Chickasaw Community Bank Names Bill Schonacher as CEO

February 23, 2024 2:19 PM EST

OKLAHOMA CITY--(BUSINESS WIRE)-- Chickasaw Community Bank announces the hiring of Bill Schonacher as its new Chief Executive Officer, effective March 4. A 32-year veteran of the banking industry in Oklahoma, Schonacher is set to lead Chickasaw Community Bank towards a new era of growth and continued community engagement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240223680552/en/

Banking industry leader Bill Schonacher named Chickasaw Community Bank Chief Executive Officer. (Photo: Business Wire)

Banking industry leader Bill Schonacher named Chickasaw Community Bank Chief Executive Officer. (Photo: Business Wire)

"Bill is a seasoned banking expert who brings a deep understanding of commercial lending as well as business and retail banking to our market," said Chickasaw Nation Governor Bill Anoatubby. "His extensive expertise in banking and his capability for enhancing existing services and adding new service offerings into our business model make him the ideal leader for Chickasaw Community Bank."

Most recently, Schonacher served as CEO of IBC Bank Oklahoma from 2014-2024, and he previously served as president of IBC Bank’s Tulsa Region since 2004. Under his leadership at IBC, Schonacher played a pivotal role in aligning the bank’s operations with the state’s growth sectors, including oil and gas exploration, construction, manufacturing, and business services. In his role at IBC, he directed all aspects of the bank’s network, which includes 41 locations that serve 30 cities in 20 counties across the state of Oklahoma and North Texas. This includes locations in Oklahoma City, Tulsa metro areas, Lawton, surrounding rural communities and the Dallas Metroplex.

“Bill is widely known throughout our state as a very capable banker and civic leader,” said Dan Boren, Chickasaw Nation Secretary of Commerce. “We are excited to have him bring a fresh perspective and innovative strategies that will enhance our operations and our community engagements at Chickasaw Community Bank.”

"I am honored to be chosen to lead Chickasaw Community Bank, a bank that values not just financial success but also the well-being and growth of the communities we serve. Together, with the support of our dedicated team, we will continue to build on the bank’s strong foundation while forging new paths in community engagement and economic development," Schonacher said.

Schonacher’s commitment to community is demonstrated in his many volunteer efforts and board memberships. Currently, Schonacher serves as the Immediate Past Chair of The State Chamber of Oklahoma; Chairman, Political Affairs of The State Chamber of Oklahoma; Chairman of the State Chamber Research Foundation; Vice Chairman of Oklahoma’s Judicial Nominating Commission; board member of other organizations including the Greater Oklahoma City Chamber of Commerce, the Oklahoma Hall of Fame, the United Way of Central Oklahoma, and as a National Trustee of the Boys and Girls Clubs of America.

Previously, Schonacher has served as the Vice Chairman of the TSET Board of Investors; a steering committee member of Forward OKC IV & V; board member of the Oklahoma Bankers Association; Leadership Oklahoma Class XXX member and board member Allied Arts.

Additionally, he was recognized in 2020 as one of Oklahoma’s “Most Admired CEOs” and in 2023, one of the “55 Over 55 Inspiring Oklahomans”.

Schonacher earned his degree from the University of Kansas. He and his wife Lynne have been married for 35 years and have four grown children and three grandchildren.

Originally established in 2002 as Bank2, Chickasaw Community Bank has grown its assets from $9 million to an impressive $447 million. In 2020, the bank underwent a successful rebranding initiative, adopting the name Chickasaw Community Bank to better reflect its commitment to fostering economic growth and prosperity in the regions it serves. In May of 2023, the bank opened its newest branch at 7500 West Memorial Road in Oklahoma City.

With a strong focus on mortgage lending, Chickasaw Community Bank has established itself as one of the leading providers of 184 First American Home loans in the United States for over a decade. Through this focus on home loan generation, the bank has cultivated a $1.3-billion mortgage servicing portfolio while enabling numerous First American families to achieve their dream of homeownership.

Schonacher’s leadership comes as Chickasaw Community Bank seeks to expand its services and reinforce its commitment to supporting local communities and businesses. His strategic vision for the bank encompasses enhancing its financial service offerings and also strengthening its role as a community pillar through increased engagement and support.

About Chickasaw Community Bank

Chickasaw Community Bank, formerly known as Bank2, is a leading financial institution committed to fostering economic growth and prosperity within the communities it serves. With over two decades of experience, the bank has grown its assets from $9 million to over $447 million, establishing itself as a trusted provider of comprehensive banking solutions. Chickasaw Community Bank is proud to be the top 184 First American Home loan provider in the United States, with a $1.3-billion mortgage servicing portfolio.

Tony Choate, Executive Officer
Office: (580) 559-0921

Source: Chickasaw Community Bank



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