Management Today - Winter 2011 - (Page 30)

[ BANKING & FINANCE ] + O ZAR KS F E D E R A L S A V I N G S A N D LOA N “You’ve got to maintain your humility – you’ve got to listen hard.” -Dennis McIntosh, president/CEO Wonderful Thrift Dennis McIntosh took over as president and CEO of Ozarks Federal Savings and Loan upon the retirement of his predecessor. -----------------------------------------------[ P R O F I L E ] Ozarks Federal Savings and Loan Loans: $170 million in adjustable rate mortgages, $5 million in consumer and home equity loans // Dennis McIntosh was a lawyer for 25 years before joining Ozarks Federal Savings and Loan. Headquarters: Farmington, Mo. Specialty: Federally chartered financial institution focused on residential loans Employees: 49 -------------------------------------------------------------- gle family. We do finance the construction and purchase of condominiums, duplexes and apartment buildings.” The model of being residential lending specialists has served Ozarks Federal Savings and Loan well over its 80 years in business. “We started in the midst of the Great Depression,” McIntosh relates. “There were still businesses that were open and succeeding and moving into the area, which was still a mining community, mostly lead and heavy metals. There was BY R U SS G AG E R customers’ mortgages are, and they usually have not been sold for a mortgagebacked security almost before the ink was dry on the mortgages’ signatures. “We have about $170 million of adjustable rate mortgages in our portfolio,” President and CEO Dennis McIntosh reveals. “We strictly stay with residential lending. Our expertise is evaluating and pricing products having to do with lending for residential dwellings, mostly sin- still a need for construction and home lending, and home lending just was not appealing to the typical commercial bank early in our existence. But it was a niche we seized and hit upon and grew from there.” Once a Lawyer McIntosh was a trial lawyer and a general practitioner for 25 years before tossing his hat into the ring to become president and CEO 10 years ago. He had been a di- In the popular Christmas movie “It’s a Wonderful Life,” James Stewart as George Bailey explains to his neighbors during a run on his savings and loan that their money isn’t in the vault – it’s in their neighbors’ homes. That’s pretty much the way Ozarks Federal Savings and Loan runs its business in Farmington, Mo. The savings and loan – called a “thrift” in the industry – knows where its 30 MANAGEMENTTODAY-MAGAZINE.COM WINTER 2011 http://www.MANAGEMENTTODAY-MAGAZINE.COM

Table of Contents for the Digital Edition of Management Today - Winter 2011

Management Today - Winter 2011
Millionaire Mega Toys
Management Playbook
Taking Action
Branding Concerns
La Curacao
Prosper Inc.
Meridian Credit Union
Ozarks Federal Savings and Loan
Mona Pearl
MaMa Rosa’s Pizza
L’Oreal USA Consumers Products Division
ABI Ltd.
CHIRON America
Lucerne Foods
Bud’s Best Cookies
Crest Foam Industries
Hozishaki America
The Knapheide Manufacturing Co.
Lavi Industries
S. Freedman & Sons Inc.
Val-Fab Inc.
History vs. Reality
Grupo Roble
Sabal Homes
Grupo Marhnos
Novak Construction
McAlpine Ltd. – Cayman Islands Government Administration Building
Ram Power Corp.
CMH Architects
Golden State Framers
Russell Redi-Mix Concrete
Roger Electric
Supply Chain
Triad Systems
Schildwachter Oil
Star Transport
Canadian Focus
Airline Hotels & Resorts Inc.
Northgate Industries
Winnipeg Airports Authority
PKS Equipment & Engineering Inc.
The Hazelton Hotel
Leeds Transit
PCL Constructors – Durham Consolidated Courthouse
Build Toronto
Handling Specialty
Parker Hannifin Canada
Stevens Resource Group Inc.

Management Today - Winter 2011