MarketPR
MARKETSOakworth Capital (OAKC) names W. Russell Carothers III to board of directorsJul 15MARKETSTreasury yields hold near flat as June PPI and oil rebound pull in opposite directionsJul 15MARKETSCEO Confidence Cools in Q2 2026 as Inflation Weighs on SMB OutlookJul 15CRYPTOConditional OCC approval puts Connectia Trust on path to issue dollar-backed stablecoin for Sony BankJul 9$ADAEMURGO exits Pentad governance role as wallet exploit drains 16 million ADAJul 9MARKETSSRAD in focus as Law Offices of Frank R. Cruz opens lead plaintiff window in Sportradar Group AG securities fraud caseJul 9MARKETSLevi Strauss beats on top and bottom lines, raises guidance and dividendJul 9MACROGraham Platner's resurfaced rape-victim post deepens crisis with July 13 deadline in sightJul 9CRYPTOSen. Wyden presses Senate leaders to preserve blockchain developer shield in crypto billJul 8MACROEmanuel's Tel Aviv address flags end of unconditional U.S. support for Israel, putting defense subsidies in playJul 8MARKETSOakworth Capital (OAKC) names W. Russell Carothers III to board of directorsJul 15MARKETSTreasury yields hold near flat as June PPI and oil rebound pull in opposite directionsJul 15MARKETSCEO Confidence Cools in Q2 2026 as Inflation Weighs on SMB OutlookJul 15CRYPTOConditional OCC approval puts Connectia Trust on path to issue dollar-backed stablecoin for Sony BankJul 9$ADAEMURGO exits Pentad governance role as wallet exploit drains 16 million ADAJul 9MARKETSSRAD in focus as Law Offices of Frank R. Cruz opens lead plaintiff window in Sportradar Group AG securities fraud caseJul 9MARKETSLevi Strauss beats on top and bottom lines, raises guidance and dividendJul 9MACROGraham Platner's resurfaced rape-victim post deepens crisis with July 13 deadline in sightJul 9CRYPTOSen. Wyden presses Senate leaders to preserve blockchain developer shield in crypto billJul 8MACROEmanuel's Tel Aviv address flags end of unconditional U.S. support for Israel, putting defense subsidies in playJul 8
NewsMacro

Oakworth Capital (OAKC) names W. Russell Carothers III to board of directors

A governance addition is in focus at Oakworth Capital Inc. (OTCQX: OAKC): the Birmingham, Alabama company appointed W. Russell "Russ" Carothers III to its board of directors, effective July 15, 2026. Chairman and CEO Scott Reed is the named executive behind the move, citing Carothers' depth of knowledge as the stated basis. The next confirmable milestone for the setup is the regulatory filing that will disclose Carothers' full director biography, committee placements, and independence determination.

By Tomas ReyesMacro DeskJuly 15, 20262 min read
Share

A governance addition is in focus at Oakworth Capital Inc. (OTCQX: OAKC): the Birmingham, Alabama company appointed W. Russell "Russ" Carothers III to its board of directors, effective July 15, 2026. Chairman and CEO Scott Reed is the named executive behind the move, citing Carothers' depth of knowledge as the stated basis. The next confirmable milestone for the setup is the regulatory filing that will disclose Carothers' full director biography, committee placements, and independence determination.

The board appointment

The effective date for Carothers' seat on the Oakworth Capital board is July 15, 2026, the same day the company released the announcement. Reed holds both the Chairman and CEO titles at Oakworth Capital. The announcement, distributed through PRNewswire, names Reed as the sole executive on record. The release does not specify whether Carothers fills a newly created position or succeeds a departing director. His professional background and the specific experience he brings are not detailed in the source. No statement from Carothers appears in the release.

What to watch

Oakworth Capital trades on the OTCQX market under the ticker OAKC. The filing to watch is whatever Oakworth Capital submits next to the relevant regulatory body: that document will carry Carothers' full director profile, committee assignments, any compensation arrangement tied to the board seat, and his independence determination under applicable governance standards. Reed described Carothers' depth of knowledge as the rationale, though the statement as released through PRNewswire is truncated and the complete on-record characterization is not yet available from the source. The tape on OAKC turns next to that disclosure.

About this story

Filed by the macro desk of MarketPR on July 15, 2026. Source: MarketPR. Indicative figures are not investment advice.

←Back to the news index

More from the Newsroom

All stories →
01Macro

Treasury yields hold near flat as June PPI and oil rebound pull in opposite directions

Treasury yields edged higher in a session that refused to commit to a direction. Investors are holding their ground ahead of the June producer price inflation print, balancing [encouraging

Owen Gallagher2 min read
02Macro

CEO Confidence Cools in Q2 2026 as Inflation Weighs on SMB Outlook

Small and midsize business CEO confidence in the U.S. economy declined in the second quarter of 2026, driven by inflation and economic uncertainty, according to the Vistage SMB CEO Survey p

Mara Whitfield2 min read
03Macro

SRAD in focus as Law Offices of Frank R. Cruz opens lead plaintiff window in Sportradar Group AG securities fraud case

A securities fraud class action is in focus for Sportradar Group AG (NASDAQ: SRAD) after the Law Offices of Frank R. Cruz announced July 8, 2026, that shareholders who lost money on the sto

Elias Vance2 min read

Key takeaways

Frequently asked

Who was appointed to Oakworth Capital's board of directors?

W. Russell "Russ" Carothers III was appointed to the board of Oakworth Capital Inc., effective July 15, 2026.

Who made the appointment and why?

Chairman and CEO Scott Reed made the appointment, citing Carothers' depth of knowledge as the rationale, though the released statement is truncated.

Where does Oakworth Capital trade?

Oakworth Capital trades on the OTCQX market under the ticker OAKC.

What details about Carothers are still unknown?

His professional background, committee placements, any board-seat compensation, and independence determination are not detailed in the release and are expected in a forthcoming regulatory filing.

Did Carothers replace a departing director?

The release does not specify whether Carothers fills a newly created position or succeeds a departing director.