Former Oxford Bank Corporation Chairman, President, & CEO Randall G. Fox Passes Away at 66
18 August 2007 - 1:56AM
PR Newswire (US)
OXFORD, Mich., Aug. 17 /PRNewswire-FirstCall/ -- Oxford Bank
Corporation (OTC:OXBC) (BULLETIN BOARD: OXBC) , the holding company
for Oxford Bank, announced today that former chairman, president,
and CEO, and current vice chairman, Randall G. Fox passed away
August 16, 2007 at the age of 66. Mr. Fox is survived by his wife
of 14 years, Barbara, son Todd (Joann) Fox, daughters Traci
(Brandon) Stolle, Ryan Roney, and Cameron Roney (Jeff Hesson),
grandchildren Samantha Fox, Jessica Fox, Nathan Fox, Conner Fox,
Madeline Stolle, and Riley Hesson, his mother Marguerite Fox,
brother Tim (Patty), and sisters Carol (Dave) and Kathy (Ed). He is
preceded in death by his wife of 26 years Shari and his father
Randall M. Fox. (Photo:
http://www.newscom.com/cgi-bin/prnh/20070817/CLF036 ) Jeffrey M.
Davidson, chairman, president, and chief executive officer of the
Corporation made the announcement and commented, "For the
directors, officers and employees of Oxford Bank, and for me in
particular, Randy Fox was a leader, a boss, a teacher and, along
the way, a dear friend. Through his involvement and performance at
all levels in his field, Randy earned the respect and admiration of
the entire Michigan banking community. He was, and will continue to
be, an inspiration to all of us whose lives he touched. We are
blessed to have known him, and will surely miss his presence." A
funeral service will be held at St. Joseph Catholic Church, located
at 715 N. Lapeer Rd., Lake Orion, Michigan on Monday, August 20 at
11:00 a.m. Friends may visit Lynch & Sons Funeral Directors -
Bossardet Chapel, located at 39 W. Burdick St. in downtown Oxford
on Saturday, August 18 (4:00 p.m. to 8:00 p.m.) and Sunday, August
16 (2:00 p.m. to 6:00 p.m.). Mr. Fox joined Oxford Bank in May of
1984 as only the 10th president in the organizations, then,
100-year history. He replaced Robert P. Dick as chief executive
officer in 1986 and as chairman in 1987. Mr. Fox, also, became the
first chairman, president, and chief executive officer of Oxford
Bank Corporation upon its formation on August 1, 1988. He initiated
a management transition plan in December of 2003 by announcing the
appointment of Jeffrey M. Davidson to president and CEO of Oxford
Bank. Mr. Fox then, as planned, passed on the duties of president
and CEO of the Corporation to Mr. Davidson in March of 2006. He
announced his retirement as chairman, and subsequent appointment to
vice chairman, in April of this year. In the 23 years since he was
first hired, Oxford Bank witnessed a growth in total assets from
$71,101,000 to $515,198,000, making it the 16th largest bank or
thrift in southeast Michigan, as ranked by Crain's Detroit Business
in their 2007 Book of Lists. During that same period of time, total
deposits increased from $65,216,000 to $460,122,000 and net loans
climbed to $378,267,000 from $32,750,000. In coordination with the
growth in assets, Oxford Bank opened eight new facilities during
Mr. Fox's tenure. Beginning in 1987, the Bank established retail
branch locations in Clarkston (1987), Ortonville (1990), Dryden
(1995), Goodrich (2005), and Davison (2005), along with the Oxford
Bank Finance Center in Oxford (1989), its Oxford Operations Center
(2002), and it's Commercial Banking Center in Lake Orion (2003). In
addition, Oxford Bank created a mortgage subsidiary, Oxford Bank
Mortgage Services, L.L.C., in 2002. Prior to joining Oxford Bank,
Mr. Fox was the president and chief executive officer of First of
America Bank-Troy. He began his career in September of 1964 with
Wayne Oakland Bank in Royal Oak, and spent the following 18 years
in various capacities with the financial institution. Mr. Fox
earned a bachelor's degree in business administration from Wayne
State University (1969), along with being a graduate of the
University of Michigan Graduate School of Bank Management (1982)
and the University of Colorado International School of Banking
(1980). Mr. Fox also served in various capacities for the Michigan
Bankers Association, most notably as treasurer and as a member of
its executive committee, executive council, and legislative
council. He was also a past president and past chairman of the
Michigan Association of Community Bankers. Oxford Bank Corporation
is a registered holding company. Its subsidiary, Oxford Bank, is
the oldest commercial bank in Oakland County and operates eight
full-service offices in Clarkston, Davison, Dryden, Goodrich, Lake
Orion, Oakland Township, Ortonville and Oxford. It also manages a
consumer lending center in Oxford and a commercial banking center
in Lake Orion. The Bank has operated continuously under local
ownership and management since it first opened for business in
1884. http://www.newscom.com/cgi-bin/prnh/20070817/CLF036
http://photoarchive.ap.org/ DATASOURCE: Oxford Bank Corporation
CONTACT: Anthony P. Lasher of Oxford Bank Corporation,
+1-248-628-2533, Fax, +1-248-969-7230 Web site:
http://www.oxfordbank.com/
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