Tulsa to get checkpoints
Officers from the Oklahoma Insurance Department and the Tulsa County Sheriff's Department will work together beginning Saturday to operate driver safety checkpoints in Tulsa County looking for uninsured drivers. One in four Oklahoma drivers does not have the minimum liability coverage required by state law, Insurance Commissioner John D. Doak said. “That is one reason we have some of the highest auto insurance rates in the country,” Doak said. The first safety checkpoint is scheduled from 7 p.m. to 3 a.m. The Insurance Department also is working with the Oklahoma Highway Patrol to combat the issue. On Thanksgiving, Doak and members of the agency's Anti-Fraud Unit will conduct ride-alongs with troopers. “We need to raise awareness about the seriousness of this problem,” Doak said.
Southwest Bancorp names two
STILLWATER — Southwest Bancorp Inc., parent of Stillwater National Bank, has named Russell W. Teubner as board chairman and hired Joe T. Shockley Jr. as chief financial officer. Teubner, a director for Southwest Bancorp, will take over as board chairman when current chairman Robert Rodgers steps down at year's end after 13 years. Teubner said: “While the company has faced some obstacles in the past couple of years, as a shareholder and long-term board member, I believe the company has taken steps to reinforce its foundation as a strong regional commercial bank, including improving its balance sheet with last year's bulk sale, paying off its CPP (Capital Purchase Program) liabilities and building a strong, experienced management team.” Shockley was executive vice president and chief financial officer at BancFirst Corp., where he worked for 16 years. Southwest Bancorp CEO Mark Funke said Shockley's familiarity with the local markets will benefit the Stillwater-based firm, which also operates Bank of Kansas. Meanwhile, BancFirst appointed Randy Foraker, executive vice president and chief risk officer, as interim chief financial officer, a position he has held previously for the company.
Valir Hospital picks new CEO
Valir Rehabilitation Hospital has a new chief executive officer. Lee Frazier began his new role with the company Monday. Previously, Frazier was CEO of St. Vincent Rehabilitation Hospital in Little Rock, Ark. He has also held positions in Chicago, Miami, New Orleans and New York. Frazier has a bachelor's degree in business administration from Loyola University and two advanced degrees, a master's in public health and a master's in hospital administration, from Tulane University School of Public Health and Tropical Medicine. Valir Rehabilitation Hospital, at 700 NW 7, is operated by Oklahoma City-based Valir Health.
Cleanups hit $75 million mark
The Oklahoma Energy Resources Board now has spent more than $75 million to clean up abandoned oil and natural gas well sites around the state. OERB's cleanup fund is funded voluntarily by the state's oil and gas industry. “Through the cooperation of people in government and private industry, we are improving the value of Oklahoma, its aesthetics and the beauty of the countryside,” OERB Chairman Ronnie Irani said. “Many Oklahomans rely on their land for their livelihood and we are honored to help them achieve their dreams.” OERB has restored more than 12,000 old well sites, working in 67 of the state's 77 counties.
Chaparral places notes
Chaparral Energy Inc. has completed a private placement of $150 million worth of unsecured senior notes, the company announced Thursday. Chaparral intends to use proceeds from the offering to repay debt and for general corporate purposes.
From Staff Reports