Farmers branch dating
Johnson was featured prominently in Farmers social media promotions and extensive marketing efforts, including a self-produced video of the bank president driving around Carnegie in an expensive Audi and flashing a gold Rolex watch.
Then suddenly on February 11, 2019, Farmers posted a short video to its Instagram account of Aaron Johnson introducing David Braly as the new president and CEO of the bank.
The Consent Order included this as background: The Bank, by and through its duly elected and acting board of directors, has executed a 'Stipulation to the Issuance of a Consent Order' dated February 21, 2019 that is accepted by the FDIC and the State.
The announcement of the new bank president had been just 10 days prior to the signed stipulation.
A full-page story featuring the bank's new CEO, Aaron D.
Johnson, graced the front of The Oklahoman's Sunday business section on May 27, 2018 and the same publication posted a video -- a 6-minute monologue delivered by Johnson seated at the new Farmers coffee bar, showcasing the expensive new Midtown bank offices and extolling his ambitious vision -- to its website.
The order indicates the corrective action was the result of a Report of Examination (ROE) dated September 17, 2018.
Per FDIC rules, ROE's are not a matter of public record.
Although the bank was based in 1,672-person Carnegie, Johnson lived in Oklahoma City dating back to 2006 when he took his first official role with Farmers.
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Dozens of large OKC-area loans followed and Farmers was soon lauded as the fastest growing bank in the entire state for 2017, nearly doubling the growth rates of the second-place finishers in terms of asset, loan and deposit growth and besting all of the state's other 200 banks.