The Mississippi Banker - March April 2016

Banker THE MISSISSIPPI

VOLUME 100 • NUMBER 5 MARCH/APRIL 2016

Evolution of Bank Security

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FOUNDED 1889

The official publication of the Mississippi Bankers Association Rachel Chew • Editor

OFFICERS

Volume 100 • Number 5 • March/April 2016

Chairman George Marx, Hazlehurst Vice Chairman Frank Sibley, Marks Treasurer Jerry Host, Jackson President McKinley W. Deaver, Jackson

BOARD OF DIRECTORS Terms Expiring 2016 Johnny Barrett, Oxford Robert Gage, Port Gibson Buddy Mortimer, Kilmichael Art Stevens, Jackson Terms Expiring 2017 Dennis Ammann, Mendenhall Greg Cronin, Biloxi Bobby Steinriede, Hollandale Mitch Waycaster, Tupelo James Wicker, McComb Terms Expiring 2018 Hoppy Cole, Hattiesburg Arthur DuCote, Jackson Michael Dudley, DeKalb Moak Griffin, Columbus John Neville, Ridgeland Frank West, Batesville Ex-Officio Members George Marx, Chairman, Hazlehurst Frank Sibley, Vice Chairman, Marks Jerry Host, Treasurer, Jackson Freddie Bagley, Retiring Chairman, Brandon Odean Busby, Preceding Chairman, Magee

Features Yes, banks have tangible inventory........................................10-11 Brian Gordon, BKD, covers need for internal controls

ABA Insurance Program Makes Distributions........................... 12 15 Mississippi banks receive over $20,000

2016 Mississippi Young Bankers Convention.......................14-17 Over 400 attend “Rolling on the River” Convention

MBA Women in Banking Conference....................................... 18 Fourth annual event draws over 130 bankers

MBA Endorsed Products and Services..................................20-21 Delivering value, savings to member banks

Departments STAFF President................................ McKinley W. Deaver Senior V.P., Operations..........................Amy Davis V.P., Government Relations........... Gordon Fellows Programs Manager............................Lori Richardson Marketing Manager........................ Brooke McCoy Business Manager.................................... Gail Sykes Manager of Insurance Services..........Sherell Taylor Manager of Communications............. Rachel Chew

YOUNG BANKERS SECTION President...................Kent Mortimer, Kilmichael Vice President................Wes Rouse, Hattiesburg Treasurer................................Bob Glover, Ripley

From the President...............................................................................................................2 Around the State.............................................................................................................. 3-5 Good Neighbors............................................................................................................... 6-8 Bankers on the Move.................................................................................................... 22-24 Calendar............................................................................................................................25 Classified Ads............................................................................................................... 26-27 American Bankers Association............................................................................................28

The Mississippi Banker (ISSN 0026-6159) is published bi-monthly for $25.00 per year or $5.00 per issue by the Mississippi Bankers Association, 640 North State Street, Jackson, MS 39202. Phone (601) 948-6366. Periodicals Postage paid in Jackson, Mississippi.

POSTMASTER: Send address changes to The Mississippi Banker, P. O. Box 37, Jackson, MS 39205-0037.

The corporation is not responsible for opinions expressed and statements made by the contributors of articles published in The Mississippi Banker excepting official announcements.

Printed By Hederman Brothers, Ridgeland, MS

MARCH/APRIL 2016

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From the President

THE MISSISSIPPI BANKER

MBA ‘springs’ forward

By Mac Deaver, MBA President When the birds start singing and the flowers are blooming, that’s a sure sign that the Mississippi Legislature is about to go home – and that the MBA Annual Convention is just Deaver around the corner. Sure enough, as I’m writing this, the Legislature has just adjourned the 2016 Regular Session, and the MBA staff has sprung into full-time convention mode.

Without a doubt, January through May is the busiest time of the year for our association. In addition to working with the state legislature and preparing for the annual convention, there are many other MBA activities during this time. The biggest events are the Mississippi Young Bankers Convention and our Mississippi School of Banking, and we also are transitioning to a new budget year and going through the process of choosing new leadership.

The 2016 legislative session was a long one and, from our standpoint, it was productive. In the first term following last year’s legislative elections, both the Senate and House had a “super majority” of Republicans for the first time. This took some “getting used to” on both sides of the aisle, and partisanship flared up on a regular basis throughout the session.

The MBA, with the involvement of our membership, had a number of successes during the session. A major highlight was passage of a phase-out of the state corporate franchise tax, which will put Mississippi in line with the vast majority of states. (As I write this, the tax cut bill is on Governor Bryant’s desk.) And we worked hard in support of the Mississippi Department of Banking and Consumer 2

Finance to protect the system whereby the industry funds the department and to assure that funding levels allow the DBCF to maintain an experienced professional staff. There were other bills that were amended to protect the interests of Mississippi banks, and there were many more that were defeated. We will summarize all of these in our final Legislative Bulletin that will be published in the next few weeks.

As always, the legislative session required a lot of work on the part of the MBA staff. But the involvement of our elected leadership and, most significantly, the involvement by our member bankers was essential. None of our successes would have been achieved if bankers – our grassroots – had not stepped up to voice their views. Many thanks to all of you!

Now our sights are set on Sandestin where “X MarX the Spot” for the 128th Annual MBA Convention May 11-15.

Chairman George Marx will preside over a convention schedule that includes lots of functions and activities, plus plenty of time for relaxation and recreation. I hope you are among those planning to be part of this year’s “family reunion” of Mississippi’s banking industry. (If not, there’s still time to register. Let us know if we can help you with this.)

I want to extend thanks to all of our many convention sponsors who will help us again have a bigger and better convention. Special thanks to our major sponsors this year – Trustmark National Bank, First National Bankers Bank, Federal Home Loan Bank of Dallas, and Stockett & Thomas. In our convention trade show, we expect to have over 60 exhibitors, including many MBA Affiliate companies, and the show will be the center of activity for the first two days of the conven-

THE MISSISSIPPI BANKER

tion. General session speakers include ABA Chairman Dan Blanton, political guru Charlie Cook, generational expert Meagan Johnson, and Lt. Col. Robert Darling. Az-Izz will entertain at the annual banquet. And George tells me he has ordered excellent weather throughout the week for the golfers and beachgoers!

An exciting addition to this year’s convention will be a silent auction to benefit the MBA Education Foundation, which funds scholarships and supports financial literacy training. (See article on opposite page.)

As we end one MBA year and begin another, we thank Chairman Marx and other bankers who served us well this year. We recognize the loyal service of Johnny Barrett, Odean Busby, Robert Gage, Buddy Mortimer and Art Stevens, who are completing their terms on the MBA board of directors. These bankers provided effective leadership to our association over the past year.

All in all, it has been a good year for our association and many, many people have contributed to it. This is what we will celebrate May 11-15 at Sandestin…. where “X MarX the Spot”!

2017 Session of the Mississippi School of Banking

April 9-15, 2017 Applications will be available September 1, 2016

Around the State

THE MISSISSIPPI BANKER

Former ABA Chairman Nat Rogers dies at 96 Nathaniel (Nat) S. Rogers, one of four Mississippi bankers to serve as chairman of the American Bankers Association, died on February 16 in Madison. He was 96.

Rogers Born in New Albany, Mr. Rogers graduated from Millsaps College in 1941. He served in the U.S. Navy as a Lieutenant in World War II, seeing duty in the Pacific and Asiatic theaters.

Following the war, he attended Harvard Business School, earning his MBA while becoming a George Baker Scholar.

Mr. Rogers joined Deposit Guaranty Bank in Jackson in 1947 and served as the bank’s President from 1959 until 1969, when he resigned to become President of First City National Bank of Houston, Texas. He served as president and chairman of the board of First City National Bank until his retirement in 1985. He also served as chairman of the board of First City Bancorporation of Texas.

His many years of activity in banking industry affairs including service as President of the Mississippi Bankers Association from 1964-1965. In 1969, while serving as president of Deposit Guaranty, Mr. Rogers was elected chairman of the American Bankers Association.

He also served as a director of Reserve City Bankers, a member of the Bankers Advisory Committee to the U.S. Treasury, a member of the Advisory Council to the Board of Governors of the Federal Reserve System, and as director of the Houston Branch of the Federal Reserve Bank of Dallas.

In civic and community affairs, Mr. Rogers served as president of the Jackson Chamber of Commerce; campaign chairman of the United Way of Jackson; and president of the Andrew Jackson Council of the Boy Scouts of America, where he received the Silver Beaver Award. In 1955, he was named the outstanding Young Man of the Year in Jackson. He was a longtime Trustee of Millsaps College, serving as Chairman of the Board in the

mid-1960s and helping guide and support the college in its efforts to racially integrate. He also served as Chairman of the Administrative committee of Galloway Memorial Methodist Church. During his years in Houston, his civic involvement including service as chairman of the United Way Campaign of Harris County and chairman of the Houston Chamber of Commerce.

Mr. Rogers served as a director of Deposit Guaranty Corporation, Mississippi Power and Light Company, Mississippi Chemical Corporatoin, First Mississippi Corporation, Mississippi Title Insurance Company, Standard Life Insurance Company, East Group Properties, and Parkway Corporation.

He is survived by his wife of 73 years, Helen Ricks Rogers, Madison; daughter, Alice Fitzgibbon, Nashville, Tenn.; sons, Dr. John S. Rogers (Nadine) Knoxville, Tenn., and Lewis P. Rogers (Grace) Metairie, La.; and eight grandchildren.

Convention to feature silent auction to benefit MBA Education Foundation A silent auction benefitting the MBA Education Foundation promises to add fun and excitement to this year’s MBA Annual Convention.

On Thursday evening, May 12, the auction will offer dozens of items for sale to raise funds for scholarships and financial literacy activities supported by the foundation. The auction will have a decided Magnolia State flavor, as a number of auction items will be Mississippi art, travel or entertainment. A number of banks and other businesses and individuals have contributed generously toward making the auction a success.

MBA Vice Chairman Frank Sibley serves as president of the foundation.

“This auction will raise funds for the foundation and, just as important, raise awareness of what we do,” Sibley said.

“And it will be an opportunity for everyone to enjoy themselves while supporting a worthwhile cause.”

The MBA Education Foundation was formed in 2012 to provide funding for scholarships given annually to high school and college students, as well as top graduates of the MBA’s Mississippi School of Banking. The foundation works in conjunction with the Mississippi Young

Bankers section to award over $15,000 in scholarships each year. The foundation’s mission also includes support for personal finance education in Mississippi communities and schools.

MARCH/APRIL 2016

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Around the State

THE MISSISSIPPI BANKER

Thomas Brown, chairman and CEO of Magnolia State Bank, passes away Thomas Brown, longtime chairman, president and CEO of Magnolia State Bank, passed away on Thursday, March 17, at his home in Bay Springs.

He was 67.

Brown Brown enjoyed a banking career that spanned 44 years -- the last 39 with Magnolia State Bank.

Born in Laurel in 1948, Brown graduated from Bay Springs High School in 1966.

After attending Jones County Junior College, he graduated from the University of Southern Mississippi in 1971 with a bachelor’s degree in business administration.

He went to work for Bay Springs Bank in 1972, and joined Magnolia State Bank (then operated as Jasper County Bank) in

1977. He would lead the bank during a period of great success and expansion.

A respected leader in Mississippi’s banking industry, Brown served on the Mississippi Bankers Association Board of Directors from 2009 to 2012, and he also served on the association’s nominating and legislative committees. He served two terms on the Mississippi Board of Banking Review, having been appointed by Gov. Haley Barbour. He was a graduate of the Mississippi School of Banking.

Brown’s extensive involvement in civic and community activities included service in leadership positions with the Lauren Rogers Museum of Art, the Jasper County Economic Development District, the Mayor’s Advisory Council, and the Bay Springs Zoning Commission, among other organizations. He chaired the Jasper

County Heart Fund and the Jasper County Cancer Fund, and he served on the advisory board of trustees for Mississippi State University-Meridian Campus. He was commissioner of Jasper County Dixie Youth Baseball, where he coached for 10 years. He also served as chairman of the finance committee of Bay Springs United Methodist Church. His military service included duty at Fort Ord, California.

Survivors are his wife of 44 years, Barbara; daughter Betsy Brown Kendall (Wesley) of Bay Springs; granddaughter Charla Lee (Alan) and great grandson Jaxon of Molino, Fla.; son Tom and grandson Fisher of Petal; son Drew (Heather) and granddaughters Marley and Isabella of Laurel; and brother J. R. Brown (Nancy) of Bay Springs.



Mobile App Launching Before 2016 MBA Convention 4

THE MISSISSIPPI BANKER

Around the State

THE MISSISSIPPI BANKER

BankFirst Financial Services names Camille Young to board of directors BankFirst Financial Services announced that Camille Young has joined the Board of Directors of BankFirst.

Young was appointed at the institution’s September board meeting.

Young “Young brings to BankFirst business and leadership skills that span the state. Being from a small town, Camille understands the value BankFirst brings to our customers as an independent community bank. We are pleased to have her join our Board of Directors,” said Moak Griffin, President and CEO of BankFirst.

Young is vice president at Cornerstone Government Affairs. She has been with the firm for four years and brings almost two decades of background in the practice of state and federal government affairs to Cornerstone’s Jackson office.

“I am honored to join the Board of BankFirst,” stated Young. “I am impressed with the leadership team at BankFirst and the steps they are taking to grow the bank while remaining independent.”

Young is earned her bachelor’s and master’s degrees at Mississippi State University. She and her husband, Keith, have three children and are active members of their church.

Charter Bank opens New location in Ocean Springs Charter Bank is pleased to announce a new branch, which is located at 2702 Bienville Blvd in Ocean Springs on the southeast corner of Hwy 90 and Hanley Road.

This new 4,000 square foot full service bank was built with green construction methods and features a two lane drive through, a drive through ATM and a new community room that will seat up to 75 people.

A grand opening featured comments from State Treasurer Lynn Fitch, State Representative Hank Zuber, Mayor Connie Moran and Charter Bank CEO Greg Cronin.

MARCH/APRIL 2016

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Good Neighbors

THE MISSISSIPPI BANKER

First Security Bank makes donation

To local school after devastating fire First Security Bank, Batesville, made a commitment to lend a helping hand after a fire destroyed the Batesville Elementary School building. First Security Bank set up an account for money raised by the community and set a ceiling of matching $15,000 to the amount donated to assist Batesville Elementary School’s Booster Club in meeting the school’s needs for items not necessarily covered by insurance.

This goal was met less than a week after the account was established. A check in the amount of $31,313.58 was presented to the BES Booster Club (pictured above).

A total of over $40,000 was raised for South Panola Foundation for Public Education to help teachers get class-

Pictured above: (Front Row, L to R) Booster Club liaison Ashley Drumheller; BES Principal LaSherry Irby; First Security Bank Frank West; (Second Row, L to R) School Board President Sandra Darby and Trustee Buddy Gray; (Third Row, L to R) Trustee Kenny Hopper and Superintendent Tim Wilder.

rooms ready for the new school year in another building.

Save the Date!

2016 MBA “A Banker in Every Classroom” Week October 31 thru November 4

Metropolitan Banks holds its second ‘Juke’n for a Cause’ community outreach effort Metropolitan recentely held its second Juke’n for a Cause community outreach effort. The effort benefitted local animal non-profit shelters. Included was a social media focus with donations benefiting Animal Rescue Fund of Mississippi in Jackson, Copiah Animal Shelter in Crystal Springs, The Humane Society of Memphis & Shelby County in Memphis, and Tiny But Mighty in Nashville.

“We see the Juke’n for a Cause initiative as a great opportunity to help nonprofits in our community on an ongoing basis,” stated Bill Barron, Mississippi Market CEO for Metropolitan. “Our mortgage team had a wonderful idea to utilize our Nissan Juke which serves as our mobile office not only to serve our 6

clients in a unique way, but to support these organizations which mean so much to our community.” Maria Garrett serves as senior managing director in Metropolitan’s Aaron Brenner office and is the president of the board of directors of The Humane Society of Memphis & Shelby County. Garrett said, “The Humane Society receives no government funding, so the injured and abused animals we save rely entirely on the generosity of donors to help them in their healing process. We’re so excited to support an organization that has saved, enriched, and brightened so many lives. Metropolitan’s support means everything to them.”

The social media focus was facilitated through Metropolitan’s and partner’s

THE MISSISSIPPI BANKER

Facebook and Twitter pages. Donated items were taken at all Metropolitan offices and the Nissan Juke was available for large pick-ups.

“We’re excited about this continued effort and its positive impact the communities where we work and live,” added Adam Black, Mortgage Loan Specialist for Metropolitan. “We are always looking for creative ways to get involved and support local organizations which have such a tremendous impact on the lives and families they serve. We’re also excited to continue our partnership with Edge Theory who helped us get the word out via social media so we could maximize our efforts.”

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Good Neighbors

THE MISSISSIPPI BANKER

Trustmark goes ‘Over the Edge’ with Friends of Children’s Hospital Tr u s t m a r k and Friends of Children’s Hospital teamed up to present Over the Edge with Friends on Saturday, April 16, by sending “edgers” rappelling down the 14-story Trustmark Corporate Office building in downtown Jackson to raise funds for Friends of Chil-

dren’s Hospital.

“This is a new and unique fundraiser that brings an exciting “edge” of adventure and fun to the Jackson Metro area,” Trustmark Director of Corporate Communications & Marketing and Over the Edge with Friends Co-chair, Melanie Morgan stated. “Trustmark values being a company that is actively engaged in the communities we serve, and we are delighted to be the presenting sponsor of this fundraising event that will benefit the children at Batson Hospital.”

More than 150,000 children from all of Mississippi’s 82 counties and surrounding areas are treated at Batson Hospital for Children each year. Projects like Over the Edge with Friends raise much needed

funds for the hospital’s programs and services for pediatric patients.

“The objective of Friends of Children’s Hospital is to raise funds to support Batson and to reach new donors in an effort to continuously improve the care given to the children,” Friends of Children’s Hospital President Rob Armour, stated.

“Over the Edge with Friends is helping us achieve that goal, as well as honor the courageous children of Batson.”

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THE MISSISSIPPI BANKER

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Yes, banks have tangible inventory

By Brian Gordon, BKD

There are plenty of regulations and risk areas for banks. However, banks often overlook the fact that they do have tangible inventory: vault cash. Since this can be a lower-risk area, some banks have few internal controls over the cash process or don’t enforce the controls already in place.

The following examples show how having and enforcing internal controls can reduce opportunities for embezzlement.

Example 1: Theft of $400,000 by Head Teller At one bank, the head teller capitalized on the trust she had earned with other employees and lack of due diligence by the internal audit function, in addition to lack of oversight regarding composition of currency and coin in daily vault sheets. She also was the primary person responsible for the vault cash counts. In addition, the head teller had sole access to the vault at several points throughout the day.

Over several years, the head teller obtained more than $400,000. Even though another teller would accompany the head teller into the vault for currency counts, the head teller would conduct the actual “count” while the other teller checked amounts against a printed Excel spreadsheet—without doing a second count and without counting coin. In addition, the internal auditor conducted counts of currency in the vault but didn’t compare those counts to daily vault count sheets, which didn’t match the internal auditor’s count. Had another teller or the internal auditor noted the amount of coin listed on the daily vault count sheets, he or she likely would have questioned the amount of quarters reported, compared to that in the vault. At one point, the daily vault count sheet showed more than $220,000 in quarters, which equated to more than 22,000 rolls of quarters—more than 5 tons—in the vault. According to bank

management, this amount was unreasonable for a bank of this size.

The full count of the vault revealed a shortage of approximately $400,000.

Subsequent investigation determined denominations of hundreds and twenties were taken from the vault; the coin amounts were significantly inflated to conceal the scheme.

Example 2: Theft of Nearly $2 Million by Head Teller At another bank, the head teller again was able to capitalize on other employees’ trust and lax vault controls. Again, she was the primary person responsible for vault cash counts and had sole access many times throughout the course of business, even though policy dictated dual entry.

Over 17 years, the head teller stole nearly $2 million. As in the previous example, when conducting a vault cash count, the head teller would read the

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THE MISSISSIPPI BANKER

amounts from the tags on large currency bags and another teller would record the amounts. When the bank had a profitability audit performed, it determined there was too much cash in the vault and scheduled a full count of the vault by management. On the day of the count, the head teller did not show up, and the bank conducted a true count of vault cash.

The bank subsequently found the money bags had amounts written on the tags but were stuffed only with other empty money bags, containing no currency or coin.

The head teller subsequently admitted to taking the cash. To accomplish this, she would access the vault for large amounts of cash (as much as $90,000 at a time) and put it in her teller drawer area, which was right above where she kept her purse. As in Example 1, her teller tape/journal showed significant amounts of coin recorded, such as more than $100,000 in quarters or half-dollars, on numerous occasions. In addition, she indicated the cash bags were, to her knowledge, never opened or counted by any regulator or bank

employee.

Inventory Security In both examples, some controls and measures were in place—at least on paper—to prevent the schemes, but they weren’t enforced. In many other cases, internal controls weren’t in place at all.

Here are some options to implement and mitigate potential embezzlement: • Dual control procedures over the vault—two tellers access the vault each time activity must be conducted in the vault • Access log for those accessing the vault • Surveillance cameras around the vault entrance and inside the vault • Unannounced cash counts by bank personnel other than those typically accessing the vault • Bank bags opened and cash unbundled for each count • Including coin in vault cash counts • Comparing surprise or audit counts with daily vault records • Periodic review of daily vault cash

count sheets, looking for unusual items such as large amounts of particular coin • Involving more than one person in flow of currency in and through the bank • Compliance checks to ensure policies are being followed For more information on how your institution can prepare for these situations or others, contact your accounting advisor.

Brian Gordon is a Forensics & Valuation Services consultant for BKD, LLP. Lance Davis and Trey Turnage are BKD MS partners.

This article is for general information purposes only and is not to be considered as legal advice. This information was written by qualified, experienced BKD professionals, but applying this information to your particular situation requires careful consideration of your specific facts and circumstances. Consult your BKD advisor or legal counsel before acting on any matter covered in this update.

Article reprinted with permission from BKD, LLP, bkd.com. All rights reserved.

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MARCH/APRIL 2016

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15 Mississippi banks share nearly $20,000 In distributions from ABA Insurance Program $1.1 million distributed to banks nationwide

American Bankers Mutual Insurance Ltd. (ABMI), the reinsurer for the D&O and bond insurance program endorsed by the American Bankers Association (ABA) and the Mississippi Bankers Association, will distribute $1.1 million to be shared by qualified ABA member banks insured through ABA Insurance Services Inc. 15 Mississippi banks will share nearly $20,000.

This declaration marks the 26th consecutive year that the industry’s leading professional liability insurance provider has declared distributions to eligible ABA member banks, bringing the total to $81.2 million in distributions since the program’s inception. Over $2.4 million of that has been shared with Mississippi banks. Banks that purchase their Directors

& Officers, bond and related insurance from this program, and are current members of the American Bankers Association are eligible to receive distributions.

“Designed and directed by bankers, this one-of-a-kind program continues to provide innovative insurance policies to address today’s complex risk management environment,” said Rob Nichols, President and CEO of the American Bankers Association. “We’re pleased to offer banks

this stable and reliable source of insurance and proud to offer profit distributions back to ABA members.”

“The ABA-endorsed insurance program is the banking industry’s only professional liability insurance mutual company owned by insureds,” said Steve Wilson, chairman and president of American Bankers Mutual Insurance Ltd. and chairman and CEO, LCNB National Bank in Lebanon, Ohio. “They can have peace of mind with coverage from an A+ rated insurance carrier (A.M. Best). The ABMI board of directors is pleased to announce the 26th consecutive distribution, helping demonstrate the continuity of the program’s strength and commitment to the banking industry.”

Thank You to

2016 MBA Program Partners

for your support of the MBA and Mississippi banking industry throughout the year.

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THE MISSISSIPPI BANKER

mississippi bankers association

128

th

annual convention MAY 11-15, 2016 DESTIN, FL

registration materials now available on mba website: www.msbankers.com/annual-convention MARCH/APRIL 2016

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MYB Convention Recap THE MISSISSIPPI BANKER

‘Rolling on the River” draws over 400 to MYB Convention and Study Conference Over 400 attended the 2016 MYB Convention and Study Conference, held March 12-16 at Marriott’s Grand Hotel in Pt. Clear, Alabama. The theme of this year’s convention was “Rolling on the River.”

MYB President Parker England of Planters Bank & Trust Company in Greenville presided over the convention, which was highlighted by the election of new officers and councilmen and the presentation of scholarships sponsored by MYB and MBA Education Foundation.

The 2016 convention featured a number of fun and educational events designed to promote fellowship among the bankers and families in attendance.

The convention opened with a welcome by MYB Vice President Kent Mortimer on Sunday, March 13. Sunday’s general session speakers included MBA

Chairman George Marx and acclaimed economist Dr. Donald Ratajczack. Brad McMullan, CEO of bfac.com, and SEC Network Analyst Greg McElroy also provided bankers with insightful presentations during Monday’s general session.

During the convention, two annual scholarships were awarded. Bradley Floore of The University of Southern Mississippi was named the 2016 Swayze Scholar and was presented a $5,000 award. The Merit Scholarship was awarded to Trip Benson.

The scholarship awards were presented at the annual MYB Banquet by Michael Gibson, chairman of the MYB Scholarship Committee. (More information on the Swayze Awards and Merit Scholarship can be found on page 16).

Kent Mortimer of Bank of Kilmichael was elected MYB President for 2016-17 during the annual business session. The

MYB President Parker England, Planters Bank & Trust company presides over convention general sessions.

membership also elected Wes Rouse of Magnolia State Bank, Hattiesburg, as MYB Vice President, and Bob Glover, The Peoples Bank, Ripley, as MYB Treasurer for the new year. (A complete list of newly elected officials and councilmen can be found on page 15).

Rolling on the River 66th Annual

MYB rence

Economist Dr. Donald Ratajczak educates bankers during the general session on Sunday.

MBA Chairman George Marx addresses bankers at MYB Convention.

Brad McMullan, CEO of bfac.com, gives an information presentation on emerging technology.

Greg McElroy provides a riveting presentation on leadership at MYB Convention.

Study Confe & Convention 16 March 12-16, 20 l te Ho d an Gr s ’ tt rio Mar a am ab Al r, Point Clea 1

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THE MISSISSIPPI BANKER

MYB Convention Recap

THE MISSISSIPPI BANKER

Young Bankers elect new officers, councilmen At the 2016 MYB Convention, Kent Mortimer of Bank of Kilmichael was elected MYB President for the coming year. Other MYB officers elected included Wes Rouse (vice president) of Magnolia State Bank in Hattiesburg and Bob Glover (treasurer) of The Peoples Bank in Ripley.

Parker England (immediate past president) of Planters Bank & Trust Company in Greenville, and Michael Schloegel (retiring past president) of Hancock Bank in Gulfport remain on the council.

Newly elected MYB Councilmen are David Burt, BankFirst Financial Services

in Newton; Michael Gates, Bank of Franklin, Meadville; Greg Hodges, Hancock Bank, Hattiesburg; Drew Kenna, Bank of Forest, Forest; Amanda Kent, BNA Bank, New Albany; and Bradley Lunceford, First National Bank of Clarksdale, Clarksdale.

They join returning councilmen Justin Bobo, DeSoto County Bank, Southaven; Jerome Brown of The First in Hattiesburg, Adam Cox of BankFirst Financial Services in Madison, Marc Petro, Community Bank, Ridgeland; and Jennifer Swoope of BancorpSouth in West Point.

Incoming MYB President, Kent Mortimer of Bank of Kilimichael, accepts the gavel from outgoing president Parker England of Planters Bank & Trust Company, Greenville.

2016-2017 MYB OfďŹ cers: (L to R) Wes Rouse (Vice President), Magnolia State Bank, Hattiesburg; Kent Mortimer (President), Bank of Kilmichael, Kilmichael; and Bob Glover (Treasurer), The Peoples Bank, Ripley.

2016-2017 MYB OfďŹ cers and Councilmen: BACK ROW (L to R): Drew Kenna, Bank of Forest, Forest; Bradley Lunceford, First National Bank of Clarksdale, Clarksdale; Justin Bobo, DeSoto County Bank, Southaven; Jennifer Swoope, BancorpSouth, West Point; Michael Gates, Bank of Franklin, Meadville; Amanda Kent, BNA Bank, New Albany; David Burt, BankFirst Financial Services, Newton; Adam Cox, BankFirst Financial Services, Madison; Jerome Brown, The First, Hattiesburg; and Greg Hodges, Hancock Bank, Hattiesburg.

FRONT ROW (L To R): Marc Petro, Community Bank, Ridgeland; Brooke McCoy, Mississippi Bankers Association, Jackson, Parker England, Planters Bank & Trust Company, Greenville; Wes Rouse, Magnolia State Bank, Hattiesburg; Kent Mortimer, Bank of Kilmichael, Kilmichael; Bob Glover, The Peoples Bank, Ripley, Ripley; and Ken Cyree, University of Mississippi, Oxford.

MARCH/APRIL 2016

15

Bradley Floore named 2016 Swayze Scholar Bradley Floore, a senior at the University of Southern Mississippi, was named the 2016 Swayze Scholar on March 15 at the Mississippi Young Bankers Convention. Floore received the Swayze Medallion and a cash award of $5,000 from the MBA Education Foundation.

The Orrin H. Swayze Scholastic Awards have recognized outstanding college seniors studying banking at Mississippi universities since 1979. The annual awards bear the name of Orrin H. Swayze, who was a widely respected Mississippi banker and a pioneer in banking education. Among other things, Swayze was the founding director of the Graduate School of Banking at LSU. Each year, college seniors studying banking and finance at Mississippi’s public universities are nominated by their professors as candidates for the Swayze Awards.

The MYB Scholarship Committee selects five finalists and, during the MYB Convention, conducts interviews and names the Swayze Scholar.

This year’s Swayze Finalists included David Baricev, Mississippi State University; Ashley Clark, University of Southern Mississippi; Jala Morrow, Jackson State University; and Patrick Nickodem, University of Mississippi. They were recognized at the MYB banquet on March 15 and awarded cash awards of $1,500 each.

The Swayze Awards represent one of a series of scholarship awarded each year through the cooperative efforts of MYB and the MBA Education Foundation. A committee of bankers evaluates nominees and makes the awards. This year, Michael Gibson of Great Southern Bank, Meridian, served as chairman of the Scholarship Committee. He was joined on the

Bradley Floore, University of Southern Mississippi, is the 2016 Swayze Scholar.

committee by Jerome Brown, The First, Hattiesburg; David Burt of BankFirst Financial Services, Newton; Dexter Haynes, Farmers and Merchants Bank, Baldwyn; and Jennifer Swoope, BancorpSouth, West Point.

BACK ROW: Swayze Advisors (L to R): Dr. Kathleen Thomas, Mississippi State University; Dr. Steven Stelk, University of Southern Mississippi; Dr. Wayne Kelly, University of Southern Mississippi; and Dr. Ken Cyree, University of Mississippi.

FRONT ROW: Swayze Scholar and Finalists (L to R): David Baricev, Mississippi State University; Jala Morrow, Jackson State University; Swayze Scholar Bradley Floore, University of Southern Mississippi; Ashley Clark, University of Southern Mississippi; and Patrick Nickodem, University of Mississippi.

Benson is awarded the Merit Scholarship Robert Wayne “Trip” Benson III, a senior at Pine Grove High School, was awarded the 2016 Merit Scholarship on March 15 during the MYB Convention. Benson received a cash award of $1,500.

The Merit Scholarship is given each year by MYB and the MBA Education Foundation to a deserving Mississippi high school senior whose parent is employed by an MBA member financial institution. Benson is the son of Becky Benson of The Peoples Bank, Ripley.

16

THE MISSISSIPPI BANKER

L to R: Marc Petro, Bill Kildruff, Jaclyn Kildruff, Michael Schloegel and Ashley Schloegel pose for photo.

MYB President Parker England (left) and Vice President Kent Mortimer (right) greet SEC Analyst Greg McElroy (center).

Kids enjoyed the Bounce House at the President’s Party on Monday night of convention.

The Brown family enjoys music by the Tip Tops at the President’s Party. L to R: Cameren, Jerome and Celeste Brown.

Parker England and family celebrate a successful year as MYB President. L to R: Mary Wright, Parker, Frankie and Miller England.

L to R: Brandon Nunley, Marc Bellapani and Zach Luke network during the convention coffee break.

Kids take over the dance floor at the MYB President’s Party.

Spouses enjoy a light brunch before the yoga Spouse Event. L to R: Britanny Mortimer, Frankie England, Jamie Petro, Tracie Rouse, Danielle Gibson and Amberly Glover.

Bankers enjoy another wonderful ‘Lunch Under the Oaks’ sponsored by Gulf Guaranty. L to R: Parker England, Tyler Hill, Bill Lee and Matt McCraw.

MARCH/APRIL 2016

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Over 140 bankers attend MBA’s fourth annual Women in Banking Conference Over 140 women bank leaders from across Mississippi participated in the Mississippi Bankers Association’s fourth annual Women in Banking Conference held March 24 at the Marriott Hotel in Jackson.

Chairman of the conference, Mary Childs of The Peoples Bank of Ripley, expressed gratitude to everyone who contributed to the event’s success, and opened the conference with remarks at a breakfast held for attendees. Governor Phil Bryant

“The Women in Banking Conference provides a great opportunity for female bankers of all ages to come together to discuss issues that are important to furthering their careers, as well as balancing life and work,” -Amy Davis, MBA senior vice president provided an insightful presentation on his direction for Mississippi over the next four years during the conference’s morning session.

Following Governor Bryant, Mississippi College Assistant Professor, Dr. Mignon Kucia, provided an educational presentation on professionalism in the 21st century. Conference participants were then

Author and cartoonist Marshall Ramsey entertains conference participants.

18

treated to an entertaining lunch featuring author and cartoonist, Marshall Ramsey.

The conference concluded with Deadra Stanton, owner of Creative Communications, breaking down how to handle all life situations by taking care of yourself, taking pride in yourself and focusing on what keeps you balanced.

An MBA committee of 13 bankers, chaired by Childs, worked in planning and organizing the 2016 Women Representing the MBA Women in Banking Committee, L to R: Alice Herbison, Bank of Benoit, Benoit; Rebecca Barrentine, in Banking Conference. For Copiah Bank, N.A., Hazlehurst; Chairman Mary Childs, The the fourth straight year, the Peoples Bank, Ripley; Lorann Paige, Magnolia State Bank, conference attendance grew. Bay Springs; Tracy Goforth, First Security Bank, Batesville; and In four years, over 400 bank- Tonya Leach, Renasant Bank, Tupelo. ers have taken part in the event, designed to cultivate banking success through leadership development and networking.

“The Women in Banking Conference provides a great opportunity for female bankers of all ages to come together to discuss issues that are important to furthering their careers, as well as balancing life and work,” said Amy Davis, MBA senior vice president. She noted that all members of the association staff were provided the opportunity to attend sessions during the Mississippi Governor Phil Bryant opens the MBA Women in Banking Conference. conference.

Dr. Mignon Kucia, Assistant Professor of Communications at Mississippi College, educates bankers on professionalism.

THE MISSISSIPPI BANKER

Deadra Stanton provides an informative presentation to an impressive group of women bankers.

MBA Officers and Board of Directors 2015-16 CHAIRMAN

George Marx Cophiah Bank, N.A. Hazlehurst Preceding Chairman

Retiring Chairman

Odean Busby PriorityOne Bank Magee

Freddie Bagley Community Bancshares of MS Brandon

Group 2

Johnny Barett FNB Oxford Bank Oxford

Group 2

Frank West First Security Bank Batesville

Group 6

Robert Gage RiverHills Bank Port Gibson

VICE CHAIRMAN

TREASURER

Frank Sibley Citizens Bank and Trust Co. Marks At Large

Art Stevens Trustmark Bank Jackson

Jerry Host Trustmark National Bank Jackson

At Large

At Large

Group 1

Dennis Ammann Peoples Bank Mendenhall

Arthur DuCote Regions Bank Jackson

Mitch Waycaster Renasant Bank Tupelo

Group 3

Group 4

Group 4

Bobby Steinriede Moak Griffin Guaranty Bank & Trust BankFirst Financial Services Hollandale Columbus

Group 5

Buddy Mortimer Bank of Kilmichael Kilmichael

Group 7

Group 8

Group 8

James Wicker

Hoppy Cole The First Hattiesburg

Greg Cronin Charter Bank Biloxi

Pike National Bank

McComb

Michael Dudley The Commercial Bank DeKalb

MBA Staff

Mac Deaver President

Amy Davis Sr. Vice President Operations

Gordon Fellows Vice President Govt. Relations

Lori Richardson Programs Manager

Brooke McCoy Marketing Manager

Gail Sykes Business Manager

Sherell Taylor Manager of Ins. Services

Rachel Chew Manager of Communications

MARCH/APRIL 2016

19

Products and Services

THE MISSISSIPPI BANKER

MBA endorses products, services Thumbprint Signature Program The MBA is one of a number of state banking associations that endorse the Thumbprint Signature Program, which originated with the Texas Bankers Association.

This program allows all banks to participate in a unified effort to combat crime by obtaining fingerprints of non-customers who cash checks and make other transactions. The program offers "inkless ink" pads for purchase through the MBA. The purchase of these pads is the only cost to banks.

To order, contact the MBA office, (601) 948-6366 or visit our website, www.msbankers.com/endorsedproducts.

90%. Through endorsement of the Senior Crimestoppers Program, the MBA has adopted the mission of nursing homes and senior housing facilities in their communities. To speak to a Senior Crimestoppers representative, contact George Clinard at (877) 232-0859.

ABA-Sponsored Insurance Program For over a quarter century, the ABAsponsored Insurance Program has provided directors and officers, bond and related coverages to participating banks.

Banks that participate in this MBAendorsed program become eligible to receive profit-sharing distributions. Since the inception of the program, more than $80.1 million has been distributed to banks nationwide. (See story on Page 6.) For more information about ABA Insurance Services, call 800-274-5222, visit www.abais.com.

Senior Crimestoppers Program Since 1999, the Memphis-based Senior Housing Crime Prevention Foundation has served as a conduit for banks to earn no-risk Community Reinvestment Act credit while achieving above-market yields and helping to fight a problem that plagues our society - the exploitation and abuse of nursing home residents. The mission of SHCPF is to promote a safe, crime-free, high quality of life for residents of nursing homes and other senior housing facilities through its Senior Crimestoppers Program. Banks support this mission by making CRA-creditworthy loans and investments in their communities. By participating in the Senior Crimestoppers Program, Mississippi’s banks can join the banks of 45 other states where this program has proven to reduce crime against nursing home residents by over 20

MBA-Sponsored Group Insurance Programs The MBA-sponsored medical insurance program provides a stable source for member banks in providing health benefits to their employees. Coverage is provided by the Mississippi Bankers VEBA Plan & Trust, a self-funded program which offers individual, two-party and family coverage through six different plans, each with different benefits, deductibles and premiums. MBVEBA is governed by a Board of Trustees, made up of senior executives of Mississippi banks participat-

THE MISSISSIPPI BANKER

ing in the program. The MBA provides administrative support to participating banks, while Blue Cross and Blue Shield of Mississippi handles claims administration. Presently, 49 Mississippi banks with 2,638 covered employees participate in the MBA-sponsored medical insurance program. In addition to medical insurance, the MBA offers fully-insured dental, vision and other plans at group premium rates to member banks. For more information on any of these plans, contact Sherell Taylor, MBA manager of insurance services, at the association office. Or you may contact Stockett & Thomas Agency, marketers of the medical insurance program, at (601) 948-3733.

Office Depot Member Savings Program MBA members and their employees can access a national group purchasing program, bringing exclusive discounts on office products used every day. In fact, current participants of the program have saved an average of 20-30 percent over their prior office product costs. In addition to saving your organization money, supporting this program drives an essential stream of support to the Mississippi Bankers Association. This provides the MBA with important nondues revenue that directly supports key strategic initiatives including advocacy, education and media relations. To learn more about this program and to register, please visit www.msbankers.com/officedepot-member-savings-program. You may also contact David Best at (901) 6343362 or david.best@officedpot.com.

Products and Services

THE MISSISSIPPI BANKER

MBA announces new endorsed partnership with Office Depot Bank and Affiliate members can access national group discount program

The Mississippi Bankers Association (MBA) is proud to announce a new strategic partnership with Office Depot. MBA has joined forces with over 30 other state bankers associations across the country to bring its members tremendous buying power, exclusive discounts and real savings. In fact, current participants of this program have saved an average of 20-30 percent over their prior office product costs.

As an Office Depot customer, MBA members will enjoy steep discounts on a core list of 350-plus frequently used office and banking products. In addition to this core list, MBA members can add up to an additional 75 items tailored to the needs of their organization. This is where members would want to add specific items such as toner or ink jet cartridges.

For miscellaneous items outside the core and custom tailored list, members will receive a 10 percent discount on Office

Depot’s retail catalog pricing (some exclusions may apply).

MBA members will also receive discounts on office furniture, print/copy services, custom business forms, stationery, promotional products, lunchroom and janitorial provisions and more.

And the benefits go beyond great pricing – customers will also receive free delivery on all orders over $50.00. If placed by 4pm local time, orders are delivered next day in most markets by Office Depot or UPS. Customers will also have access to Office Depot’s exclusive Business Services Division website, strategic brand name partnerships, and ease in economizing operations.

As a member of the powerful national group purchasing program, MBA members will enjoy a higher level of support with a dedicated account manager and Office Depot’s best, most experienced

customer service reps from the National Account Help Desk. An Office Depot account manager will provide your organization with on-going creative and innovative procurement solutions by identifying preferred product and process improvement opportunities.

In addition to all of these great benefits, don’t forget that your participation in this program drives an essential stream of support to the Mississippi Bankers Association. This provides the MBA with important non-dues revenue that directly supports key strategic initiatives including advocacy, education and media relations.

If you’re ready to start taking advantage of this new program, visit our online registration page at http://business.officedepot.com/banksignup or contact MBA’s dedicated account representative David Best at (901) 634-3362 or david. best@officedepot.com.

Order Your 2016 Bank Directory The MBA’s Mississippi Bank Directory brings you the most up-to-date information on Mississippi’s banks. Use the directory to reach officers and directors or as a reference source to up-to-date financial data on the state’s banks. The directory includes: • Mississippi commercial banks and branches by city/town • Addresses, Phone numbers, Web sites and email addresses • Routing numbers • MBA Affiliate members • Banking and trade organizations • State and federal regulatory agencies • Key state elected and appointed officials

2016 Bank Directory Official Publication of

$35

www.msbankers.com

Pre-Order Today! Visit www.msbankers.com or call (601) 948-6366 MARCH/APRIL 2016

21

Bankers on the Move

THE MISSISSIPPI BANKER

BankFirst Financial Services Gloria Batson has joined BankFirst Financial Services as Vice President, Branch Manager. Batson has over 35 years of banking experience.

The Citizens Bank, Philadelphia Temika Triplett has been promoted to Assistant Cashier and Electronic Services Officer.

She joined the bank in 2011.

Triplett

Batson

BNA Bank

First Bank, McComb

Regina Cathey has been named Assistant Vice President of Account Services. She is a graduate of Itawamba Community College with an associate of applied science in office sys- Cathey tems technology. Cathey has 14 years of experience in the banking industry, with her last 10 years at BNA Bank.

Greg Shows has joined the Mortgage Division in Jackson as Assistant Vie President Mortgage Lending. He is a graduate of Mississippi State University.

Shows has eight years of Shows lending experience and 17 years of experience in leadership development and business communication.

Guaranty Bank & Trust Company

The Citizens Bank, Philadelphia Charlene Deweese has been promoted to Assistant Vice President. She joined the bank in 2005 and has over 18 years of banking experience.

Mandy Hubbard was promoted to Assistant Vice President, Marketing. Hubbard joined Guaranty Bank in 2002.

Liz Owen has been promoted to Vice President. She is a graduate of Mississippi State University where she earned her bachelor and master of business administration.

Owen has been employed Owen with The Citizens Bank since 2006.

22

Hubbard

Deweese

Lynn James was promoted to Assistant Vice President, Operations.

She earned her bachelor’s degree in English from the University of Mississippi. James has been affiliated with Guaranty Bank for 10 years.

THE MISSISSIPPI BANKER

James

Guaranty Bank & Trust Company Robert King was named Vice President and Information Systems Officer. He completed studies at the U.S. Air Force Technical Schools, Hinds Community College King and Phillips Community College, where he earned a degree in electronics technology. King joined Guaranty Bank in 2011.

Addison Lawrence was promoted to Assistant Vice President, Relationship Banker.

He earned his bachelor’s degree in risk management and his master of science degree in work- Lawrence force education leadership from Mississippi State University.

Lawrence joined Guaranty Bank in 2013.

He currently serves as president of his Mississippi School of Banking class.

Jason Nichols has been promoted to Vice President and Chief Information Officer. He earned his bachelors of accountancy and masters of professional accountancy from Mississippi Nichols State University. Nichols is a Certified Public Accountant and Certified Fraud Examiner. He joined Guaranty Bank & Trust Company in 2012 with six years of prior experience in public accounting.

Bankers on the Move

THE MISSISSIPPI BANKER

Merchants & Farmers Bank

Trustmark National Bank

Patrick Mooney has joined Merchants & Farmers Bank as a Loan Officer and Assistant Vice President.

He is a graduate of the University of Mississippi with a bachelors Mooney of business administration degree. Mooney is also a graduate of the Mississippi School of Banking and The Southeastern School of Commercial Lending. He has 20 years of experience in the banking industry.

Amy Haygood has been named Vice President, as Branch Manager for the Biloxi, Cedar Lake and Gulfport offices. She earned a degree in business management from Mis- Haygood sissippi State University and is a graduate of the MBA sponsored Mississippi School of Banking. Haygood has 24 years of banking experience.

Metropolitan Bank Michael Peeler has joined Metropolitan Bank’s Memphis Commercial Banking team as Senior Managing Director. He is a graduate of the University of Virginia with a bach- Peeler elor’s degree in economics. Peelers has over 27 years of banking experience.

Trustmark National Bank David Adcock has been promoted to Vice President at Trustmark’s Corporate Main office.

He earned a master of business administration and a bachelor of accountancy from Mis- Adcock sissippi State University.

Adcock has eight years of experience in the banking industry.

Jo n i e K i n g h a s been named Corporate Training Officer at Trustmark’s Office Park location. King has 15 years of banking experience.

Help us spread the good news about banking Traditional banking, like that practiced by our member banks, is all about supporting our communities and our state – and making a difference in the lives of our customers.

Help us tell this important story.

Let us know about your bank’s involvement in civic and community activities. Send us information on what you are doing.

Please send articles, photos to rchew@msbankers.com or mail them to MBA at P.O. Box 37, Jackson, MS 39205-0037.

King

Mara Kirby has been promoted to First Vice President at Trustmark’s Corporate Main office.

She earned a master of business administration and a bachelor of science in business Kirby administration from Mississippi State University. Kirby has 31 years of mortgage lending experience.

Are your bankers on the move?

Send your submissions to rchew@msbankers.com.

MARCH/APRIL 2016

23

Bankers on the Move

THE MISSISSIPPI BANKER

Trustmark National Bank

Trustmark Bank

D re w M c G a h e y has been promoted to Community Bank President at Trustmark’s Greenville Main office.

He earned a bachelor of business administration with a concentration in McGahey banking and finance from the University of Mississippi. McGahey has 39 years of banking experience.

Robert Parker has been promoted to Senior Vice President at Trustmark’s Corporate Main office. He earned a bachelor of science from Mississippi College. Parker has 30 Parker years of banking experience.

Zack Nordan has been promoted to First Vice President at Trustmark’s Corporate Main office. He earned a master of business administration and bachelor of science in busi- Nordan ness administration from Mississippi College. Nordan is also a graduate of the MBA sponsored Mississippi School of Banking. He is currently attending the Graduate School of Banking at LSU. Nordan has 15 years of banking experience.

Foreign Powe has been promoted to Recovery Officer at Trustmark’s Corporate Main office. She earned an associate of arts degree in business administration from East Central Powe Community College and is a graduate of the MBA sponsored Mississippi School of Banking.

Er yn Norris has been named Commercial Banking Officer at Trustmark’s Colony Park office. She earned a bachelor of science in economics from the University of Texas at Norris Arlington. Norris has four years of banking experience.

Elizabeth Stauter has been promoted to Vice President at Trustmark’s Corporate Main office. She earned a master of business administration and a bachelor of science in Stauter business administration from The University of Southern Mississippi. Stauter is a Certified Information Security Manager and Certified Information Systems Auditor. She has over 15 years of combined banking and information technology experience.

Save the dates!

AUGUST 3-4

Credit Analysis & Financial Statement Seminar Ridgeland

10

Agriculture Conference

Mississippi Agriculture Museum, Jackson

17-18

IRA School Ridgeland

19

Communications Conference Jackson

24

THE MISSISSIPPI BANKER

MBA Calendar

THE MISSISSIPPI BANKER

APRIL 18 19 20 20 20 21 21 22 25 26 26 27 27 28 28 28 28 29

Agricultural Loan Documentation & Administration Notary Basics ACH Risk Management Do’s and Don’ts of Checks: How to Avoid Loss Developing and Organizing an Effective Remote Deposit Capture Program (RDC) Reg E Feeling the Heat: Regulatory Pressure for Third-Party Management Introduction to Internal Audit: How Does Internal Audit Add Value?

Introduction to Internal Audit: Internal Audit Plan Advanced Notary Skills Analyzing Appraisals for Mortgage Decisions TRID for Construction Loans The Universal Banker: A New Staffing Model ACH Risk Compliance Auditing Your SD Department - “NEW” 2016 Compliance Perspectives Opening New Accounts III - Trust, Fiduciary and Minor Accounts Introduction to Internal Audit: Adding Value by Effective Written Communication

MAY 2 3 5 6 9 10 11-15 22-June 3

ERM for Community Banks: Keep it Simple!

Commercial Loan Documentation Managing in the Middle Check Handling Do’s & Don’ts Small Business Lending Today CRA Review & Update MBA Annual Convention - Sandestin, Florida Graduate School of Banking at LSU - Baton Rouge, Louisiana

Visit www.msbankers.com for Registration and more information MARCH/APRIL 2016

25

MBA Classified Ads

THE MISSISSIPPI BANKER

BANK EXAMINER: The Depart-

ment of Banking and Consumer Finance is seeking someone to fill the position of bank examiner. This is travel intensive examination work with the responsibility for conducting examinations of financial institutions. Duties include examination of a financial institution’s soundness, compliance with laws, and the preparation of reports of examination. The work requires knowledge of lending and bank operations. Loan review or lending experience is preferred. Please send resume to Sam Hubbard, Director, Banking Division, at sam.hubbard@dbcf.ms.gov.

BRANCH MANAGER II/ CONSUMER LENDER: A com-

munity bank in Madison is seeking a branch manager/consumer lender. This individual will oversee branch staff including coordinating, planning and assigning work schedules, answering questions and solving problems posed by the staff, conducting evaluations, and motivating staff to meet performance levels. Provide service to customers seeking a consumer loan. Achieve and maintain required loan portfolio balance. Previous supervisory and consumer lending experience is required. Complete description and requirements at https://banksouthern. com/category/careers/. Interested candidates may contact Nancy Gann at nancy. gann@banksouthern.com.

COMMERCIAL/CONSUMER LENDING OFFICER: A community

bank in the Meridian area is seeking a Commercial/Consumer Lender. Candidates should have a minimum of two to three years experience in commercial and consumer lending with knowledge of credit, compliance and loan documentation; Must have the ability to conduct business development calls promoting the bank in a positive manner; Participate and support local community events and 26

activities; Must have strong computer and communication skills; Reports to local bank president. Candidates may submit confidential resumes to rchew@ msbankers.com.

COMMERCIAL/CONSUMER LENDING OFFICER 2: PriorityOne

Bank in the Hattiesburg/Lamar County market area is seeking a Commercial/ Consumer Lending Officer. Candidates should have a minimum of three to five years experience in commercial and consumer lending with knowledge of credit, compliance and loan documentation.

The successful candidate will manage an existing portfolio with annual growth goals. This will be accomplished in part by aggressively calling on existing customers and developing new business. Collecting past dues will also play a role in the duties and responsibilities of the position. Must be willing to actively serve in local community business and civic organizations.

Interested candidates may submit resumes to Eric Adkins at eadkins@priorityonebank.com.

CREDIT ANALYST: First Bank in Jack-

son is seeking a Credit Analyst with junior Commercial Lender Opportunities. This individual is responsible for analyzing financial statements and tax returns in order to determine the credit risk involved for large consumer and commercial credits.

The bank is seeking a candidate that posses strong communication and analytical skills. This individual should also have a thorough understanding of personal and business financial statements and tax returns. A bachelor’s degree in either Accounting or Finance is required. Please send resumes to jonathant@firstbankms. com.

DIRECTOR OF INTERNAL AUDIT:

Southern Bancorp Inc. is seeking a Director of Internal Audit. This individual is primarily responsible for the overall audit function of Southern Bancorp and its entities. Will coordinate Southern’s internal

THE MISSISSIPPI BANKER

audit programs to ensure effectiveness of accounting and managerial controls, accuracy of recorded data and compliance with applicable laws, regulations and policies and procedures. This position will manage an audit program and schedule, which evaluates the adequacy, efficiency, and effectiveness of internal controls and prepares reposts thereon. Works with limited or no supervision and with latitude for the use of initiative and independent judgment. A Bachelor’s degree or equivalent is required; Master’s degree is preferred.

Must have at least six years of extensive experience in banking environment or closely related audit equivalent or combination of exempt level audit, banking and accounting. Prior supervisory experience is required. For a complete job description/list of requirements and to apply, visit https://banksouthern.com/careers/.

HEAD TELLER: The First, A National

Banking Association, is seeking a Head Teller. This individual will supervise and cross-train tellers. Duties will also include performing normal teller duties on a daily basis, providing on-the-job training for tellers on an as needed basis, monitoring tellers to ensure compliance with The First’s policies and procedures, assisting tellers with locating cash discrepancies, managing unusual window transactions, answering difficult customer questions, and much more. Candidates must possess a high school diploma or general education degree (GED) or one to two years related experience and/or training. Candidates will need to pay close attention to detail and have good organizational and analytical skills. Need to have good understanding of The First’s products and services, as well as, good interpersonal communication, supervisory and computer skills. Must have ability to operate standard office equipment and lift up to twenty-five pounds. Interested candidates may submit resumes to Pam Petterman at ppetterman@thefirstbank.com.

MBA Classified Ads

THE MISSISSIPPI BANKER

LOAN ADMINISTRATION STAFF ers, relators and appraisers, as well as bank MEMBER: A community bank in cen- lending staff on construction lending and

tral Mississippi is seeking a Loan Administration staff member. This individual will be responsible for supporting the loan administration function of the bank and performing daily loan processing tasks that help maintain orderly and compliant records of loan portfolios. Duties will include preparation of loan documentation and disclosures associated with consumer, commercial, and real estate lending; communication with loan officers and attorneys to facilitate the lending function; electronic imaging and organization of individual loan files; performing data entry of lending transactions in core processing system; balancing general ledger accounts associated with lending, and other duties as assigned. College degree preferred, or experience in banking processes, preferred experience in Loan Administration. Successful candidates need to be proficient in MS Office, MS Outlook, and MS Excel.

Must have the ability to take on multiple tasks simultaneously and manage them all effectively. Candidate must have excellent communication, written/verbal and interpersonal skills. Must have ability to work using own initiative. Must be accurate, diligent, and have good research and problem solving skills. Must have a high degree of confidentiality. Candidates may submit confidential resumes to rchew@ msbankers.com.

MORTGAGE LOAN ORIGINATOR: The Citizens Bank of Philadelphia

is seeking a Mortgage Loan Originator for a branch location in Hattiesburg, MS. The position will be responsible for initiating, processing and closing residential mortgage loans in accordance with bank policies. Responsibilities include initiating loans with customers, completing applications and ensuring proper disclosures are made to borrower.

The originator will evaluate borrower requests and ensure borrower is matched to appropriate mortgage types. This position works closely with attorneys, underwrit-

recruiting new business. Other essential duties will include promoting the Bank by maintaining good customer relations and referring customers to appropriate staff for new services as well as representing the bank in the local community through active participation in community affairs.

Prior experience in mortgage loan origination is required. We provide a wide range of employee benefits and compensation commensurate with experience. Please submit resumes to hr@tcbphila.com.

PRIVATE BANKER: A local community bank seeks a private banker to work in a branch location to facilitate teller transactions for private banking clients/ customers, seek and engage loan and deposit clients/customers, facilitate contract signings and closings, comply with all applicable laws, assist in the collection and creation of paperwork for processing of deposit and loan operations, complete due diligence and basic paperwork on loan applications and new account customers, coordinate with Deposit and Loan Operations to ensure follow up of necessary documentation, and other duties as assigned.

Skills/Requirements: • Previous bank experience in lend ing and/or deposit operations • Previous experience in attorney loan closings and/or mortgage industry • PC proficiency and ability to use Microsoft products, such as Word and Excel • Ability to organize, multi task and meet deadlines • Well-developed interpersonal, communication and customer service skills • College experience is preferred Please send resume in strict confidence to jobapp@megagate.com and/or apply at the local WIN Job Center. The company is an Equal Opportunity Employer (EOE). No applicant for employment with the Company shall be subjected to discrimination because of race, color, sex, national origin, religion, disability, age, re-

prisal for engaging in anti-discrimination activities, protected genetic information, sexual orientation or parental status.

SENIOR LOAN OFFICER: A community bank in Meridian is seeking a Senior Loan Officer. Successful candidates will have ten plus years of lending experience, preferably in commercial/real estate. Also a successful candidate will have experience in business development and the oversight of support staff. Seeking an individual who is a graduate of the Graduate School of Banking at LSU. Candidates with knowledge or experience in the Meridian market are preferred.

Opportunity for advancement within 3-5 years. Candidates may submit confidential resumes to rchew@msbankers.com.

TRUST ASSOCIATE: A community bank in central Mississippi is seeking a Trust Associate. This individual will be responsible for supporting the administration of trust accounts and performing daily trust system account data entry and balancing activities that meet established client service objectives. Duties will also include answering incoming client calls and assisting with any account inquiries, reconciling the trust accounting entries to the Bank’s GL accounts, performing data entry of approved account transactions, and other duties as assigned. College degree preferred or banking and/ or experience in Trust Operation and Administration. Successful candidates need to be proficient in MS Office. Must have the ability to take on multiple tasks simultaneously and manage them all effectively. Candidate must have excellent communication, written/verbal and interpersonal skills. Must have ability to work using own initiative. Must be accurate, diligent, and have good research and problem solving skills. Must have a high degree of confidentiality. Candidate needs to have a thorough understanding of General Accepted Accounting Principles.

Candidates may submit confidential resumes to rchew@msbankers.com.

MARCH/APRIL 2016

27

American Bankers Association THE MISSISSIPPI BANKER

Help Us ‘Power Up’

By Rob Nichols, American Bankers Association President and CEO

I think most bankers would agree that the policy environment today is not a heck of a lot better for our industry than it was in 2008.

Politicians continue to take cheap shots at banks, even going so far Nichols as to force the industry to pay for the highway spending bill enacted last December.

This is an untenable position. Banks are far too important to hometowns across America to unfairly remain a political punching bag. It’s not just that the continued sweeping, anti-bank rhetoric damages our reputation, which could deter customers from banking. That is a problem, to be sure -- and policymakers should see how counterproductive it is to send consumers away from the safety of regulated institutions.

But the more damaging result is the policies -- particularly in the form of overly prescriptive regulations -- that follow the rhetoric. Policies that do not recognize how banks interact with their customers, or how bank lending propels the growth and prosperity of their communities, do more far more harm than good. They deny credit to creditworthy borrowers, make homeownership prohibitive and perversely promote consolidation among smaller banks that are sometimes the only financial services provider in town.

This needs to change.

That’s why ABA spent the first few months of 2016 reviewing and revitalizing the advocacy tools and programs bankers use to amplify their voice in Washington.

We found we do some things well, but also that there were other things we should be doing better, differently, new or on a grander scale. We’ll be implementing changes on our end, including using new social and digital advocacy tools to better communicate, mobilize and coordinate 28

our efforts. But we need bankers to make a shift as well.

Specifically, we are asking bankers to do three things that we think will help rebuild the banking industry’s political clout. We are calling this initiative “Power Up,” and I am asking for your active participation.

Three Steps to ‘Power Up’

1. Engage in grassroots leadership.

You are already community leaders, which makes you important to elected officials. We need to go the next level and become an invaluable resource to them.

Host lawmakers in your community and in your bank. Introduce them to other community VIPs, including your business customers. Help them with their campaigns either by hosting a fundraiser or providing manpower.

As you do so, your member of Congress will learn the valuable role your bank plays in the community, and how policy affects your customers -- their constituents. That is the best way to ensure they will consider your views when a banking issue comes up for a vote.

If you have or are willing to build or deepen a relationship with your lawmaker, please let ABA know by filling out our Lawmaker Relationship Form on aba. com/PowerUp. 2. Join BankPac -- or your state’s Federal Pac. BankPac and connected state political action committees comprise a critical tool for advancing a pro-banking agenda in Washington, but we can only talk to bankers about it -- and how they can support it -- if a senior executive at the bank provides prior approval.

It is critical that we obtain this prior approval as soon as possible. ABA is already contacting those banks that have provided approval -- particularly those whose leaders serve on ABA councils -- about hosting in-bank campaigns for BankPac. A signed prior approval form will permit us to help banks implement a

THE MISSISSIPPI BANKER

simple employee deduction plan which, when multiplied by thousands of banks, can yield big results. The BankPac prior approval form is available on aba.com/ PowerUp; please fill it out.

3. Donate to the Fund for Economic Growth. The Fund is the new name for the 501c4 that several ABA banker leaders started in 2012. It helps demonstrate the economic impact of U.S. banks and progrowth policies by educating policymakers and the public, promoting legislation and bolstering political candidates.

Unlike BankPac, the Fund can accept both personal and corporate contributions, which are unlimited. The more contributions the Fund receives, the more we can do to improve the policy environment in Washington. More information and a donation form are available on aba. com/PowerUp. All of these steps are aimed at dramatically expanding bankers’ participation in the political process and thereby increasing our political strength. But it is equally important that we deploy our expanded resources more deliberately and aggressively. That means being more discerning in our financial support to lawmakers and more proactive in our use of media in political campaigns. Rest assured that the state associations will remain critical partners in making these kinds of funding decisions.

I firmly believe that the three components of our Power Up initiative will set banking on the path to becoming a more formidable political force. We won’t get there overnight. In fact, I expect we will need a good two years to fully “power up.”

But with your support and leadership, I’m confident we will build banking’s clout and create a more positive policy environment for your customers and communities. © 2016 American Bankers Association. All rights reserved. Reprinted with permission.

We’re Building A Strong Foundation The Mississippi Bankers Association has established the MBA Education Foundation to support scholarship and financial education programs of the association and its member banks.

To learn how you can make a difference through the MBA Education Foundation, contact Mac Deaver, Secretary-Treasurer at (601) 948-6366 or mdeaver@msbankers.com.

Opening Doors. Unlocking Opportunity.

P.O. Box 37 • Jackson, MS 39205-0037 • (601) 948-6366 The Foundation is a 501(c)(3) non-profit corporation and is eligible to receive tax-deductible contributions. Please consult your tax advisor to determine the tax deductibility of your gift.

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