John T. Olaimey, the president and CEO of Southern Bancorp Bank of of Arkadelphia, quickly paid a federal tax lien that was slapped against him last month.
The amount?
$46,341.
The IRS also named his wife, Timothy, in the lien that was filed with the Pulaski County Circuit Clerk’s office and said the unpaid assessment was for the 2014 tax year.
Olaimey came to Southern in 2012 with more than 20 years of experience in banking, finance, corporate law and executive management, according to Southern’s website. Olaimey oversees all bank activities.
Southern Bancorp Inc. CEO Darrin Williams told Arkansas Business last week that the board knew about Olaimey’s tax situation.
"He has been completely transparent with the board," Williams said. "This has involved only his personal financial situation and has had no impact or risk to the bank. We’ve monitored this and have been pleased that he has resolved it."
Williams said the full payment to the IRS was made on Feb. 3.
This isn’t the first time, though, a federal tax lien has been filed against the Olaimeys.
In 2014, the IRS hit the couple with a nearly $28,000 lien for failing to pay taxes in 2009, 2011 and 2012. The IRS released that lien last March, saying the outstanding tax debt had been "satisfied."