Salley again headed an organizing group which chartered a de novo commercial bank, Sovereign Bank in Dallas. Salley’s leadership, Colonial Bank’s Texas Regions were consistently ranked as the top performing regions in the twelve regions that Colonial operated in Texas, Florida, Georgia, Alabama, and Nevada. Salley stayed on as CEO of Colonial Bank’s Texas operations growing total assets to $850 million and the number of locations to twelve. Colonial Bank targeted First Mercantile for its initial entry into Texas and acquired the bank in 2002 for $55 per share, a phenomenal return for First Mercantile shareholders. By 2002, First Mercantile had grown to $400 million in assets and operated four locations in Dallas and two in Austin, Texas. First Mercantile completed the acquisition of a bank with $60 million in total assets in 2001. The bank reached $100 million in total assets at the end of the first year and was profitable within six months of its opening. Salley formed First Mercantile Bank, N.A., in Dallas, raising $28 million in two offerings at $10.00 and $17.50 per share respectively. Roy is a seasoned CEO who is well regarded by bank regulators and well respected by his peers. Roy has a long track record of prudent lending in commercial real estate and C&I sectors. He has turnaround and nonperforming asset liquidation experience. Roy has chartered and capitalized two banks which achieved and maintained profitable operations and grew organically and through successful acquisitions.
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Roy Salley’s thirty plus years of banking experience is a story of consistent success in positions of increasing responsibility encompassing a wide range of banking operations. Chairman of the Board, President, Chief Executive Officer of Oakwood Bancshares, Inc.Ĭhairman of the Board, President, Chief Executive Officer of Oakwood Bank
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