SOURCE: Oak Street Funding LLC

Oak Street Funding LLC

June 21, 2016 08:45 ET

Oak Street Funding Hires Veteran Clarke as Chief Operating Officer

Oak Street Funding Expands Leadership Roles to Meet Increasing Demand

INDIANAPOLIS, IN--(Marketwired - June 21, 2016) - Oak Street Funding (www.oakstreetfunding.com), a commercial lender to financial services business nationwide, has hired D. Scott Clarke as Chief Operating Officer, a new position in the company.

Clarke will oversee and ensure alignment for key functional areas supporting Oak Street Funding's strategies to grow and diversify, as well as integration with First Financial Bank and strategic projects.

"Oak Street is very fortunate to have Scott overseeing our growth strategies," stated CEO Rick Dennen. "His strong background and accomplishments in some of the country's top companies will help us continue to expand our products to financial services companies in verticals beyond insurance," Dennen continued. "Growth requires creative strategies, disciplined approaches and talented people and Scott has the experience to ensure all these factors are in place to help us meet our objectives."

Clarke is recognized as veteran and innovator in financial services. He brings 28 years of experience and a proven track record of delivering strong results in high growth and turn-around environments. His career has included leading divisions for Fortune 500 companies, managing national functions for mortgages, loan servicing and banking organizations, and establishing entrepreneurial enterprises. Clarke was also a founder of Oak Street Financial Services, the original parent company of Oak Street Funding.

Oak Street Funding has been the leader in providing financing to the insurance industry since 2003. The company is extending its loan products to independent registered investment advisors (RIAs) and certified public accounting firms (CPA). The addition of Clarke as COO will help the company continue its steady growth trajectory while maintaining tight controls, process and alignment throughout the organization. "I'm excited to join a great team of people and a great company that's continually recognized for being a best place to work," commented Clarke. "There are tremendous opportunities to expand Oak Street's footprint in commercial lending and I look forward to contributing to significant growth."

About Oak Street Funding

Indianapolis-based Oak Street Funding (www.oakstreetfunding.com), a First Financial Bank company, provides commercial financing for financial service businesses and third-party loan servicing for financial institutions. Oak Street Funding utilizes industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to finance services professionals nationwide.

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