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5.16.2019 / Gateway Announcements

Gateway First Bank Appoints Vice President and Community Reinvestment Act Officer

Jenks, Okla., May 16, 2019 – Gateway First Bank, one of the ten largest banks by assets in the State of Oklahoma and one of the largest mortgage bank operations in the United States, announced Bruce Schultz as its Vice President and Community Reinvestment Act (CRA) OfficerThis is a new position at Gateway First Bank.

As part of the executive team, Schultz will be responsible for administering and monitoring all aspects of Gateway’s CRA and fair lending programs and ensure proper adherence to the credit and financial needs of all communities it serves. Additionally, Schultz will collaborate with other areas of the institution to develop products and services with a focus on meeting the financial needs of consumers, small businesses and farms within the communities served. 

“Bruce is an excellent addition to the team at Gateway,” said Hobie Higgins, of Gateway. “During his more than two decades in financial services, he has gained the expertise and experience to position us for continued growth and to help us better serve our communities.”

Before joining Gateway, Schultz had a well-established track record serving community banks. He was previously with a community bank in Tulsa, Okla., where he began as a mortgage banker and moved quickly to upper management and then to Senior Vice President. His various responsibilities increased with each role, allowing him to master compliance procedures, Fair Lending and Fair Housing Act requirements, as well as different bank operations. He has also participated in several speaking and training engagements and authored numerous official bank regulatory comment letters on various regulatory proposals. Schultz is a member of the Oklahoma Mortgage Bankers Association and earned a bachelor’s degree in economics from Oklahoma State University.

“It is an exciting time to the join the team at Gateway,” said Schultz. “There is certainly a lot to look forward to as Gateway continues to strive for excellence and serve every aspect of its communities. Gateway’s mission and commitment to providing top notch service is a testament to their legacy of growth across the nation, which shows no sign of slowing down.”

Gateway First Bank is a newly formed financial institution operates more than 160 mortgage centers across the country. The company employs approximately 1,200 team members and originated more than $6 billion in mortgage loans in 2018 and currently services over $178 billion in residential mortgages.

About Gateway First Bank 

Gateway First Bank is a leading financial institution that provides banking and mortgage services for consumers and commercial customers. Headquartered in Jenks, Oklahoma, Gateway is a $1.9 billion asset sized bank with a strong mortgage operation.  Gateway is one of the largest banking and mortgage operations in the United States with six bank branches in Oklahoma, over 160 mortgage centers in 42 states, and almost 1,600 employees.  Learn more at Member FDIC, Equal Housing Lender (NMLS 7233)

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