KIMBERLY SCHUGART
Chief Financial Officer
New Omni Bank, National Association
Since rejoining New Omni Bank management team in 2018, Kimberly Schugart has taken on crucial responsibilities, from financial planning and analysis to strategic planning and corporate finance, positioning the bank for sustainable growth and resilience. Schugart secured nearly $40 million through the US Treasury’s Emergency Capital Investment Program in 2022, empowering New Omni Bank to increase lending to underserved, low- and moderate-income businesses and consumers. In 2023, Schugart capitalized on market volatility surrounding the US debt ceiling to restructure the bank’s investment portfolio, doubling profits on $80 million in US Treasuries by securing high yields on these fixed-income securities. Schugart recently closed a deal acquiring $5 million in consumer loan debt at a fixed rate of 8.125%, ensuring high returns in a declining rate environment.
