Head Replaces Glenn As McIlroy President

Jim Glenn, president and CEO of McIlroy Bank & Trust Co., has resigned. Gary Head, who’s been executive vice president for business development, will succeed Glenn as president and CEO.

Glenn, president of Arvest-owned McIlroy since 1986, will remain on the bank’s board. His resignation is effective Sept. 15. He cited spiritual reasons for his departure.

“I know that it’s time for me to make a change, and the Lord is leading [my wife], Sherry, and me to lead a quiet, simpler life and one that involves working with our hands,” Glenn said in a prepared statement.

He has experience at manual labor. “I remember spending months nailing metal to a roof and building chicken houses, spending all day long hammering nails above my head building metal roofs. I would just be thankful they don’t build chicken houses like that any more,” Glenn laughs.

A Joplin, Mo. native, Glenn attended the University of Arkansas for a semester but returned to Joplin’s Missouri Southern State College to avoid paying out-of-state tuition. Sam Walton persuaded Glenn to move to Arkansas to work for First National Bank of Rogers, where he spent 10 years.

Glenn praised his successor. “Gary is a good banker. He really has devoted and given a lot, not only to our business but to Arkansas. He loves Fayetteville and it shows.”

Head expects no changes at McIlroy. “Everything will be the same. We have a great team [Glenn] has put together.”

Head is from Eureka Springs. He’s a graduate of the UA, Southwestern Graduate School of Banking at Southern Methodist University and the National Commercial Lending School at Norman, Okla.