March 24, 2017 10:34 AM ET

Thrifts and Mortgage Finance

Company Overview of Oconee Federal Savings and Loan Association

Company Overview

Oconee Federal Savings and Loan Association is a financial institution that provides savings and loan products and services primarily in South Carolina. Its lending portfolio includes conventional mortgage loans for owner-occupied homes as a primary or secondary residence; construction-permanent loans; fixed rate mortgage loans; and one-year adjustable rate mortgage loans. The company also offers savings products, such as standard and statement savings accounts; certificates of deposit; NOW checking accounts; money market savings and checking accounts; debit/ATM cards; and traditional and Roth individual retirement accounts. In addition, it provides online banking and bill payment services. ...

115 East North First Street

Seneca, SC 29678

United States

Founded in 1924

Phone:

864-882-2765

Fax:

864-882-7074

Key Executives for Oconee Federal Savings and Loan Association

Chairman, Chief Executive Officer, Chairman of Oconee Federal Financial Corp. and Chief Executive Officer of Oconee Federal Financial Corp.
Age: 88
President, Chief Financial Officer, Director, President of Oconee Federal Financial Corp., Chief Financial Officer of Oconee Federal Financial Corp. and Director of Oconee Federal Financial Corp.
Age: 44
Compensation as of Fiscal Year 2016.

Oconee Federal Savings and Loan Association Key Developments

Oconee Federal Financial Corp. and Oconee Federal Savings and Loan Association Announces Executive Changes

Effective March 22, 2016, H. Allen Salter resigned as Chief Financial Officer of Oconee Federal Financial Corp. and Oconee Federal Savings and Loan Association. In connection with his resignation, on March 23, 2016, the company, the Bank, Oconee Federal, MHC and Mr. Salter entered into a separation agreement, which includes non-solicitation and confidentiality provisions and a full and final release of claims. The board of directors has appointed Curtis T. Evatt, the company's and Bank's President, to serve as the company's and Bank's Chief Financial Officer. Mr. Evatt previously served as the company's and Bank's Chief Financial Officer.

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Recent Private Companies Transactions

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