February 2025

CAPITAL RAISE

The goal for the complete initial funding of Novus Capital Holdings, Inc. and Novus Bank is $30 million. Currently, we have received commitments totaling $7,495,000, which accounts for 25% of our goal. The board of directors has established incremental funding targets: $10 million by February 28, $20million by March 31, and $30 million by April 30. Along the way, we will host gatherings to celebrate these milestones, and all investors will be invited to join us in these celebrations. We have laid a solid framework to achieve these targets, which has generated increased interest and led to more in-depth meetings and discussions. There is tremendous momentum, and it is fully expected to achieve full capitalization by the end of April.

WOMEN OWNED BUSINESS

An operating initiative for Novus Bank will be an active and focused support for women-owned businesses in the OKC metro area. Nationally, women own over 40% of the businesses in the country, and yet those same businesses have only had access to 2% of the available capital. The WOB program will include education, providing access to management resources and provide connections to sources assisting them in becoming certified. Underwriting, safety, and soundness guidelines will not be ignored while providing products and services to women-owned businesses. However, the Bank’s priority will be to provide strategic and sound lending, education, and guidance that women-owned businesses have not previously received. This will be a tremendous resource for this business sector. The framework for this initiative is being developed and led by the executive team and several female board members.

CHARTER APPLICATION

The application to the FDIC and the Oklahoma State Banking Department is in the final stages for submission. We have filed a preliminary application with the FDIC. Preliminary discussions with the Oklahoma State Banking department went very well, and we are confident that we will receive their full support. We met with FDIC OKC Field Office representatives January 27 and the Dallas Region Director on February 5. At both meetings, we received favorable comments especially regarding the thoroughness of the preliminary application and business plan, executive management experience, and the composition of the proposed board of directors. The FDIC representatives also commented that we are further along than most applicants for either de novo charters or acquisitions. We hope to have the final application submitted by the end of February.

A WORD FROM THE EXECUTIVE TEAM

As the capital raise and application processes continue, we’re also making progress on various operational initiatives. The executive team along with various members of the board of directors are reviewing initial strategic locations in Edmond and Norman. These will be in areas with high traffic counts and great visibility for branding purposes, and economic certainty for the business community. Those locations will also be in close proximity to healthcare providers. In Edmond, our area of concentration is north of 150th (OKC)/33rd Street (Edmond), east of May Avenue, south of 192nd/Danforth, and west of Kelly. In Norman, our area of concentration is north of Main Street, east of 36th Street NW, south of Tecumseh, and west of 24th Street NW. Future staff members are being identified and contacted. Our goal is to ensure that every single employee of Novus Bank is known by at least one member of the executive team. This will allow us to assess their full capabilities, trust their work, and empower them to contribute to our mission of revolutionizing community banking. We would like to have employment commitments from each staff member 60 days before opening. Another component of the Novus Bank community banking model will be competitive technology that rivals larger corporate banks. Most community banks invest the minimum in technology and update outdated systems as necessary. The technology Novus will utilize is state-of-the-art and comprehensive, encompassing all technological aspects of banking operations, including lending and transactions. This technology will simplify banking for our customers by enhancing their business interactions with us and streamlining our internal operations.

DIRECTOR BIOS

Greg Slavonic is a long-time resident of the Oklahoma City metropolitan area. He has a distinguished 34-year career in the Navy/Navy Reserve 40 during which he rose from a Seaman Recruit to retire as a Rear Admiral. Adm. Slavonic is the former Acting Under Secretary of the Navy and previously served as senate-confirmed 18th Assistant Secretary of the Navy for Manpower and Reserve Affairs during President Trump’s first-term Administration. He also served as the first Chief of Staff for Oklahoma U.S. Senator James Lankford (R-OK). For the past 45years, Greg has held various civilian senior level positions in the communications industry, written two books on leadership development, and co-authored a book on American Olympian Jim Thorpe. He is the former Executive Director for the Oklahoma Department of Veterans Affairs and serves on many boards and organizations.

Paula Beck has been a pivotal leader at Beck Design, the architectural company she and her husband established and have owned for 25 years. During that time, she utilized her extensive experience in management, marketing, and design to help shape the direction of the company. For the past two decades, Mrs. Beck has excelled in financial management, overseeing her company’s profit and loss, cashflow, and administrative functions. In addition, Paula has 20 years of experience in the telecommunications industry. Her expertise includes strategic marketing, publicity, as well as fundraising for her company and multiple non-profit organizations. In recent years she launched a venture dedicated to supporting education in Africa.

Jeff White is a businessman with significant experience in private equity investments. Mr. White is currently the owner of, and advisor to, multiple operating entities through two primary entities that have a presence in nine states serving high net worth individuals and professional athletes. His firm has oversight of more than $1 billion in net worth. Mr. White serves as the Chief Financial Officer and General Partner for several companies and partnerships while also managing his personal investments ranging across several industries, including a seven-state real estate portfolio and an online charter school. His most recent project is serving as co-founder and CFO of LIV Streaming, and entertainment streaming platform which recently closed a $1 Billion funding round. Prior to starting his own firm in 2009, Jeff held various positions with Continental Resources, Inc., a public oil & gas company (recently taken private by founder Harold Hamm) with a market cap of just over $25 Billion. Positions included serving as President of Continental Gas, Inc. (later renamed Hiland Partners, which went public and later purchased by Kinder Morgan, for $3 Billion+). VP Corporate Finance Continental Resources, issuing $500 Million+ in public and private debt, acquired over $300 Million of oil & gas properties, negotiated tax incentives with Fort Peck Tribes (Montana), and served as Investor Relations for Moody’s and S&P. Jeff also established the family office for the company’s owner, Harold Hamm, serving as manager of non-company assets while fulfilling roles inside the company. Jeff also served as President of Continental Power, Inc., which provided electric supply and distribution of oilfield developments in Oklahoma and North Dakota. From 1993-1996 Jeff served as assistant to the Chairman of the FDIC, including William Seidman, working to consolidate the 215 offices and $4.3 Billion budgets of the Resolution Trust Corporation and FDIC. Prior to joining the FDIC, Jeff served as a White House Liaison at the RTC from 1990-1993. This came after serving one year on the House Banking Committee in the U.S Congress which developed the RTC .Jeff has appeared in Robb Report Magazine, Newsweek Magazine, Private Wealth Focus and is an international speaker on Family Wealth.