Company Profile
- Headquartered in Durant, Oklahoma, Spend Life Wisely Company, Inc. (“SLW” or “the company”) is a $16.3 billion bank holding company that primarily operates a network of 83 branches through its lead subsidiary, First United Bank and Trust Company (“the bank”).
- SLW’s expansion has been strategically focused on the Oklahoma and Texas I-35 corridor across 48 communities. The company’s current scale reflects a high double digit annual growth rate observed in recent years achieved through organic expansion.
- With $12.4 billion in total loans, SLW remains a top mortgage originator within its footprint and manages a servicing book of around $15 billion. The largest segment of the loan portfolio is residential mortgage (44%), followed by investor CRE (including multi-family) (22%), and C&D (16%), which includes 1-4 family residential construction (27% of C&D).