SOURCE: Oak Street Funding

Oak Street Funding

June 05, 2012 08:00 ET

Oak Street Promotes Two Executives in Key Leadership Areas

INDIANAPOLIS, IN--(Marketwire - Jun 5, 2012) - Oak Street Funding (www.oakstreetfunding.com), the nation's leading commission-based lender for insurance agents, has announced the promotion of two directors to executive leadership positions.

Kathy Yeary has been promoted to executive director of customer service and human resources. Yeary, who oversees human resources, compliance, customer relationships and loan servicing, has been instrumental in building Oak Street Funding's service platform, including servicing for third parties, since joining the company in 2005.

"We wouldn't have the high level of customer satisfaction we have without Kathy," said Oak Street Funding CEO Rick Dennen. "What's more, she has helped create a company that is an employee- and family-friendly workplace." Yeary has more than 20 years of insurance and financial industry experience that includes stints in asset management, insurance marketing, finance and human relations administration.

Carissa Newton has been promoted to Chief Marketing Officer. As director of marketing, she has helped Oak Street Funding grow its loans to insurance agents by more than 36 percent in 2011. This year, the company is on pace to increase loans by more than 300 percent.

"Carissa led our re-branding efforts and developed an aggressive marketing strategy to meet our ambitious business development goals," commented Dennen. "She successfully executed on that strategy and continues to lead us down a path of growth." In her 18-year marketing career, Newton has successfully driven revenue through the marketing efforts she has built and led for insurance, financial services and technology companies.

Oak Street Funding has positioned itself to meet the growing needs of insurance agents for capital to grow their insurance agency businesses and for acquisitions. The lender recently expanded its staff by adding loan officers, loan servicers, a director of underwriting and director of strategic markets.

About Oak Street Funding
The Carmel, Ind.-based Oak Street Funding (www.oakstreetfunding.com) is a family of diversified financial services companies that offers commission-based commercial financing exclusively for insurance professionals and third-party loan servicing for financial institutions. Oak Street utilizes industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to insurance and finance professionals nationwide.

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