The Oak View Story
High atop a mountain just west of Warrenton, Virginia, stands a mighty oak known as The View Tree . The mountain on which it stands has been named for it. View Tree Mountain is 1,100 feet above sea level and is the most prominent point between tide water and the Blue Ridge. It was used as a United States Signal Station in 1864 and 1865, although it changed hands many times during those Civil War days. From the lofty View Tree, sentries had a panoramic view of the surrounding valleys, the town of Warrenton, and the troops advancing across the broad eastern valley below, known by locals as the View Tree section of Warrenton. Oak View National Bank is located in the heart of that valley - hence the name.
The nomenclature - Oak View - not only refers to a high, distant View Tree. To the founders of Oak View National Bank it connotes two paramount aspirations:
The VIEW connotes a vision of present and future excellence and service to the surrounding community.
STRENGTH AND VISION
It all began with....
In the fall of 2006, a group of Fauquier County bankers faced the acquisition of the 100-year-old community bank they had long served by a large out-of-state financial institution. The transition did not correlate well with the visions and aspirations of these men and women who were dedicated to the principles of community banking. They feared the perpetual trend toward nationwide and multi-national financial conglomerates and away from community banks whose primary function was to support the citizens, businesses, and economies of their surrounding towns.
Until the 1980s, a majority of the nation's banks were locally owned and operated and were important contributors to the financial and economic strength and stability of the communities and citizens they served. They focused their attention on local families, businesses, and farmers, helping to keep their communities vibrant and growing. They were a stable source of small business and personal loans. Unlike megabanks, whose lending decisions were made in distant cities by applying impersonal qualification criteria such as credit scoring, a community bank's local decision-making involved an understanding of the background, capabilities, and history of its clients.
With the advent of what became known as merger-mania , that picture began to drastically change. Twenty-five years ago, there were seven community banks headquartered in Fauquier County. By 2008, only one remained. Today, mammoth financial institutions have grown so large and become so interconnected that the very foundations of our nation's economy can be cracked by the failure of just one of them.
Fueled by the wisdom of Wall Street, these huge conglomerates were viewed as unsinkable because they were not concentrated in any one region or, in fact, in any one country. Presumably, they spread the risk and deployed capital more efficiently. However, The Great Recession has shown that the managers of these megabanks cannot keep track of their assets, liabilities, and risk, or control the greed that inevitably results when managers are driven by incentives that reward risky behavior. The over-consolidation of our nation's financial resources was a terrible and costly mistake, and may have more tragic consequences than we have already seen.
As the visionaries of Oak View National Bank (in Organization) embarked on their journey to form a new community bank, each new development in the nation's financial crisis further reinforced their vision. They formed an organizing corporation named John Marshall, LLC, and began the arduous process of planning, capitalizing, securing locations and equipment, and qualifying for the chartering of a de novo national bank. One of the most challenging regulatory requirements placed upon them was the need to raise a very substantial amount of capital during one of the most serious recessions in the nation's history....a time when individuals were liquidating assets to eliminate investment risk. This did not deter the founders. Their vision, coupled with their knowledge and experience and the well-earned trust and confidence of their community, could be relied upon to guarantee the success of that vision, provided that their venture was predicated on integrity, soundness, and strength.
The doors opened on June 8, 2009
Oak View opened with branches in Warrenton and Marshall, Virginia, with the approval and support of the Office of the Comptroller of the Currency and the FDIC. A third branch office opened in Culpeper, Virginia on August 5, 2013. We enjoy state-of-the-art technologies, a strong business plan, an excellent capital position achieved through loyal stockholders, and overwhelming customer support from the community. It is driven by the experience and competency of an outstanding staff that provides strong teamwork. The ultimate success of the bank depends upon having the best and brightest person available in each position at the bank, and the bank is very fortunate to have the best community bankers in the area on its team!
THE STRENGTH The Bank's foundation rests on the strength of the Board ability to provide strong oversight of financial statements, risk management, regulatory compliance, insurance, security, accounting and auditing, lending and management. Each of the Board members has a proven record in bank directorship. All members have extensive business and financial expertise. The success of any organization depends upon strong management to carry out the Board's vision. Every member of the management team has many years of experience in community bank administration. The management team consists of seasoned bankers with over 100 years of experience in the area of community banking. They are committed to providing excellent customer service.