Oakwood Bank Prioritizes Proactive Security with Dark Web Monitoring and Investigations

Oakwood Bank prioritizes proactive security by leveraging cutting-edge technology to stay ahead of emerging threats.

The bank's security team actively monitors the dark web for potential security breaches, using this information to fortify their defenses and prevent future attacks.

By staying vigilant and proactive, Oakwood Bank reduces the risk of data breaches and protects its customers' sensitive information.

This approach not only safeguards the bank's reputation but also maintains the trust of its clients, who can feel confident in the bank's ability to keep their data secure.

Oakwood Bank has been a trusted financial institution for over 20 years, serving the community with a wide range of banking services.

The bank's roots date back to 1999, when it was founded by a group of local entrepreneurs who wanted to provide personalized banking services to their neighbors.

With its headquarters located in the heart of Oakwood City, the bank has a strong presence in the local economy.

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Oakwood Bank has a team of experienced bankers who are committed to helping customers achieve their financial goals.

Their customer service is highly rated, with many customers praising the bank's friendly and knowledgeable staff.

The bank's commitment to community involvement is evident in its numerous charitable initiatives and partnerships with local organizations.

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Oakwood Bank boasts a substantial scale and market presence, with total assets valued at $134,606k. This is a significant figure, reflecting the bank's influence and reach in the financial industry.

The bank's financial structure is comprised of total liabilities of $119,181k and total equity capital of $15,425k. This breakdown provides valuable insights into the bank's financial stability.

Total deposits at Oakwood Bank stand at $103,711k, while net loans and leases amount to $112,390k. These metrics offer a glimpse into the bank's core operations and revenue streams.

The Tier 1 Risk-Based Capital Ratio at Oakwood Bank is 10.3626, indicating a strong capital adequacy and risk management strategy. This ratio is a crucial measure of the bank's financial health.

Here's a summary of Oakwood Bank's key financial metrics:

The loan-to-deposit ratio at Oakwood Bank is 108.37%, which is higher than the industry average of 80-90%. This suggests that the bank may be taking on more risk by lending out a larger portion of its deposits.

The percentage of non-performing loans at Oakwood Bank is 0.0432, indicating a relatively low level of asset quality risk.

Oakwood Bank has made cybersecurity a top priority, recognizing its importance in protecting its customers and infrastructure.

Operating since 1900, the bank has rapidly expanded its customer base through organic growth and acquisition, necessitating a robust cybersecurity system to keep pace.

The bank's technology department has emphasized cybersecurity, seeking a solution that would enable it to monitor the dark web for threats.

Edward Franco, Chief Technology Officer at Oakwood Bank, was impressed by the data and features of Searchlight Cyber, a platform that provides dark web intelligence.

Cybersecurity is an integral part of Oakwood Bank's culture, with a focus on staff training and ensuring the right tooling is in place to protect the organization and its data.

Oakwood Bank was founded in January 1900 and is based in Dallas, Texas. It operates as a subsidiary of Oakwood Bancshares, Inc. and is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC.

The bank has a long history, having been founded over a century ago. Oakwood Bank is the 145th largest bank in Texas, with 6 branches currently operating in the state.

Oakwood Bank is FDIC-insured with certificate number 10334, providing an added layer of security for its customers. Its assigned Fed RSSD ID is 960560.

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Oakwood Bank was established in 1900 as The Oakwood State Bank. It's hard to believe the bank has been around for over 120 years.

The bank's main office was relocated several times throughout its history. The first big move was in April 1990, when it moved to 300 Main Street in Oakwood, Texas.

In 2018, the main office was moved again to 8411 Preston Road, Suite 106, Dallas, Texas. This relocation was part of the bank's efforts to expand its operations.

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The bank underwent a significant name change in October 2017, when it changed its name to Oakwood Bank. This change marked a new chapter for the institution.

Oakwood Bank expanded its operations through acquisitions, including the purchase of Community Bank of Snyder in January 2020. This acquisition helped the bank grow its presence in Texas.

The bank's operations came to an end on October 1, 2024, when it merged with b1BANK, based in Baton Rouge, Louisiana. This merger marked the final chapter in Oakwood Bank's long history.

Customers have given Oakwood Bank an average rating of 4.0 out of 5 stars, based on 4 reviews from 6 branches.

You can submit your own comment, review, or complaint about Oakwood Bank to share your experience with others.

Oakwood Bank's overall rating is based on a small but significant number of customer reviews, suggesting that a good number of people have had a positive experience with the bank.

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Oakwood Bank has several competitors and alternatives in the market. Oakwood Bank ranks 491st in the list of competitors, with a Tracxn Score of 44/100.

Truist1872, a provider of wealth advisory services, tops the list with a Tracxn Score of 80/100. It has received a total funding of $900K from investors such as SJF Ventures and CDVCA.

First Republic Bank, a commercial bank, ranks second with a Tracxn Score of 79/100. It has received investments from General Atlantic and Sequoia Capital, among others.

Here is a list of the top 5 competitors, ranked by their Tracxn Score:

These competitors have received significant funding and investments from various investors, which could be a challenge for Oakwood Bank to match.