Southern Bancorp CEO Darrin Williams announced that Dominik Mjartan has been named CEO of Southern Bancorp Community Partners, a development finance partner organization of Southern, and Executive Vice President of Southern Bancorp, Inc., the bank’s holding company.
“Dominik’s financial acumen, strategic thinking and commitment to our mission as CDFIs (Community Development Financial Institutions) are the right mix at the right time,” said Williams. “Since joining Southern, I’ve been on a mission to sustainably amplify our impact through the use of innovative financial tools that help rural Americans find new economic opportunity and build personal financial strength. Dominik has been critically important in that effort.”
SBCP’s current CEO, Tanya Wright, who successfully led the organization through a period of transition, will continue with the Southern organization in a newly created executive role.
“Tanya’s new position is equally crucial to Southern’s continued growth,” said Williams. “She will be responsible for managing the implementation of new products and services aimed at banking the unbanked and underbanked.”
Mjartan, who joined Southern in 2006, has most recently served as Senior Vice President, charged with managing corporate strategy and other corporate functions. He will retain these responsibilities by serving as Executive Vice President of Southern’s holding company.
As a member of the senior management team, Mjartan has helped lead Southern through a period of rapid growth in both size and impact during a time when many financial institutions were scaling back.
“For nearly a decade, Dominik has been at the forefront of Southern’s work to create innovative programs and assemble capital,” said Herman Davenport, Southern Bancorp Community Partners Board Chairman. “He is both driven and passionate about our work, and we are pleased to have him at the helm.”
Mjartan earned an MBA at the University of Ulster in the United Kingdom, graduating with distinction. He graduated Summa Cum Laude and as a Donaghey Scholar with a BS in management from the University of Arkansas at Little Rock.
He serves on the board of the Community Development Bankers Association, the CDFI Coalition, the Grantmakers for Education and is past-chairman of the board of the EAST Initiative Inc. Prior to joining Southern, he served as a Program Director of Perks.com, an IT company providing global services to Fortune 500 companies.
“Increasingly, the American Dream is out of reach for hard working people,” said Mjartan. “CDFIs like Southern are uniquely equipped to bring capital and financial development services into communities and ensure that capitalism works for everyone. This powerful combination of mission and margin has helped drive opportunity in places deemed irreversibly distressed by others. We believe that we can build on this track record in rural America to create more economic opportunities, revitalize neighborhoods, and improve family economic security.”