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Oklahoma business briefs for July 18, 2014

Oklahoma business briefs for July 18, 2014
Oklahoman Published: July 17, 2014

Oklahoma briefs

Crisis center gets donation from bank

— Landmark Bank has presented $1,865 to the Crisis Control Center of Durant, an organization providing information, advocacy, supportive counseling and emergency shelter to victims of domestic violence and sexual assault. The nonprofit agency opened its doors in 1988 to provide crisis services 24 hours a day, seven days a week. Landmark Bank has arranged for a series of $1,865 gifts to local charities in each of the 28 communities in which it operates. The donations commemorate its founding in 1865 and celebrate reaching a milestone $2 billion in assets. Asset size is an industry benchmark that measures a bank’s deposits, loans and investments. Landmark Bank is a community bank with 42 locations across Oklahoma, Texas, and Missouri.

Homeowners receive restitution in fraud

The state Attorney General’s office said Thursday that it had secured restitution for four homeowners from a man convicted in connection with home repair fraud who fled Oklahoma but was returned last week after arrest on an unrelated issue. Randy Leroy Madewell, of Danbury, Texas, pleaded guilty to four felony counts in a 2010 case. He received a five-year deferred sentence on each count to run concurrently and was ordered to pay restitution totaling $42,158.44. He also must pay court costs. Madewell accepted a total of more than $42,000 from seven separate homeowners for home repair and roofing work, but never started the projects. Project sites were in Midwest City, Edmond and Oklahoma City.

Employee-owned Markets cited

Homeland and United Supermarkets of Oklahoma, as part of HAC Inc., have been named the 37th largest majority employee owned company in the nation by the National Center for Employee Ownership . The center’s 2014 Employee Ownership 100 list includes the nation’s largest companies that are at least 50 percent owned by an employee stock ownership plan or other broad-based employee ownership plan. Many, including Homeland and United, are 100 percent employee-owned. Homeland and United became an employee stock ownership program firm on Dec. 27, 2011. Employee stock ownership plans are an employer-sponsored benefit plan. Companies contribute stock or cash to buy stock to an employee stock ownership trust.

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