Banker THE MISSISSIPPI
WINTER 2019
VOLUME 104 • NUMBER 1
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THE MISSISSIPPI
FOUNDED 1889
The official publication of the Mississippi Bankers Association McKinley W. Deaver • Editor Volume 104 • Number 1 • WINTER 2019
OFFICERS Chairman Mary Childs, Ripley Vice Chairman Greg McKee, Philadelphia Treasurer Andy Anderson, Anguilla President & CEO McKinley W. Deaver, Jackson
BOARD OF DIRECTORS Terms Expiring 2019 Steve Gresham, Holly Springs Eddie Hammond, Winona Dan Rollins, Tupelo Mark Tapp, Baldwyn Terms Expiring 2020 Shannon Aker, Brookhaven Shane Clayton, Pontotoc Alan Hargett, Indianola Gee Gee Patridge, Ridgeland Danny Whalen, Cleveland Terms Expiring 2021 Robbie Barnes, Magee Allen Breland, Forest Mike Ellard, Natchez John Hairston, Gulfport Jeff McCoy, Meridian Chuck Nicholson, Brandon Ex-Officio Members Mary Childs, Chairman, Ripley Greg McKee, Vice Chairman, Philadelphia Andy Anderson, Treasurer, Anguilla Jerry Host, Retiring Chairman, Jackson Frank Sibley, Preceding Chairman, Marks Bob Glover, Ripley Brad Jones, Meadville Mike Webb, Tupelo
Features MBA Women in Banking Conference......................................... 7 7th annual event set for March 26 at Jackson Convention Complex
MBA Membership.................................................................. 8–9 Mississippi banks support association
Mississippi Legislature Session............................................. 10–11 MBA active at State Capitol
ABA, ICBA Summits................................................................ 12 Grassroots events set in Washington
MYB Study Conference and Convention............................ 18–19 69th annual event set for March 9–13 at Point Clear, AL
On the Cover: The dome of Mississippi’s State Capitol Building in Jackson
Departments From the President...............................................................................................................2 Around the State..............................................................................................................4–5 MBA Conferences & Seminars...........................................................................................17
STAFF President & CEO.................. McKinley W. Deaver Senior V. P., Operations.........................Amy Davis Senior V. P., Gov. Relations........... Gordon Fellows Programs Manager............................Lori Richardson Marketing Manager........................ Brooke McCoy Manager of Insurance Services..........Sherell Taylor Accounting Manager.......................Vicky Franklin Communications Manager..........Amanda Markow
Webinars............................................................................................................................21 Bankers on the Move....................................................................................................22–23 ABA and ICBA columns..............................................................................................24–25 MBA Job Bank...................................................................................................................26 The Mississippi Banker (ISSN 0026-6159) is published quarterly 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.
YOUNG BANKERS SECTION President................................Bob Glover, Ripley Vice President.................. Marc Petro, Ridgeland Treasurer........................ Zach Luke, Greenwood
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 WINTER 2019
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From the President THE MISSISSIPPI BANKER
2019: New challenges, new opportunities By Mac Deaver, MBA President & CEO
As 2019 begins, the banking industry and our association face many challenges. The MBA leadership and staff are committed to meeting these challenges head-on and working Deaver with our member banks to realize the opportunities they present. The new year brings an abundance of political challenges. In 2019, Mississippi voters will elect statewide, district and county offices, along with the entire State Legislature. It is assured that we will see new faces in many offices, with only three statewide officials seeking re-election. (A number of them are running for other statewide positions.) Similarly, over 20 state senators and representatives have announced they will not seek re-election. The political winds are beginning to blow as the 2019 legislative session nears its halfway mark. (Stories on pages 10 and 11.) In Washington, Congress convened its 2019 session with divided leadership after the Democrats gained control of the House in last fall’s elections. As the banking industry seeks to build on successes in the past year, further progress is threatened by intensified partisanship on Capitol Hill. And the looming 2020 presidential election will impact everything that happens in Washington this year. At the MBA, the new year will be one of transition. The staff continues to implement our strategic plan with the goal of maximizing membership value by being more responsive to member needs and increasing banker participation. Several staff members have taken on new assignments as we work to achieve our strategic goals. And I am excited that Amanda Manning Markow recently joined the MBA 4
team as manager of communications. I appreciate the dedication of our staff to make our association successful. As many of you know, I plan to retire as MBA president at the end of 2019. We are six months into a plan to transition staff leadership to Gordon Fellows, and I am pleased to report that this process is on pace and going well. I thank the MBA leadership for their support during our period of transition. With this issue of The Mississippi Banker, we begin a new quarterly publication schedule. This new schedule will maintain “The Banker” as an integral part of our overall communications program, in coordination with many other platforms. More information is provided in the story on page 3. Many major events and activities are on the MBA schedule in the coming weeks, including the Mississippi Young Bankers Annual Convention (March 9–13), the Mississippi School of Banking (April 7–13), the MBA Annual Convention (May 15–19), and the Graduate School of Banking at LSU (May 19–31). Among many other things, we also are beginning the new MBA election process adopted last year. I am particularly excited about two upcoming banker education events. On March 26, the 7th Annual MBA Women in Banking Conference will be held at the Jackson Convention Complex. With Pam Tebow heading an outstanding speaker lineup, this year’s conference promises to be the best yet. (Story on page 9.) A week earlier, on March 19, the MBA will host our Agriculture Conference, which will focus on the 2018 Farm Bill and developments in agriculture economy. Amy Davis and Lori Richardson are working with the new MBA Education Committee, and other committees, as we seek to continue to enhance our education program.
THE MISSISSIPPI BANKER
Of course, it is involvement by Mississippi banks and bankers that fuels any success that the MBA enjoys. Thanks to everyone for your continued contribution to our association. If you would like to know how you can become more involved, please contact me or any other member of the MBA staff. We work for you, and we would be pleased to hear from you!
Amanda Manning Markow Joins MBA staff as Communications Manager Amanda Mann i n g Ma r k ow h a s joined the Mississippi Bankers Association staff as Manager of Communications. As Manager of C o m m u n i c a t i o n s , Markow Markow will oversee the planning and operations of the MBA communications program. Her duties will include serving as editor of The Mississippi Banker magazine, managing the association website, and directing the MBA’s social media activities. She also will manage media relations and work with other staff in the promotion of association events and activities. Markow earned her Bachelor’s Degree in journalism and English from the University of Mississippi. She has managed a number of print and electronic publications and has strong writing, editing and graphic design experience. Most recently, she worked as an Alumni/Development Communications Specialist for the University of Mississippi Medical Center in Jackson. She lives in Jackson with her husband, Majure Markow, and their two children, Manning, 4, and Sudie, 1.
‘BANKER BRICKS’
The Mississippi Banker begins Quarterly publication schedule With this issue, The Mississippi Banker begins a new quarterly publication schedule, with regular issues distributed on or about January 31, April 30, June 30 and October 31. The magazine will continue to provide news about Mississippi banks and bankers, and information on MBA activities. Banks are encouraged to contribute to regular features such as “Around the State” and “Good Neighbors” and to provide announcements for banker accomplishments and promotions. Current subscribers will continue to receive issues by mail. Annual subscription rates and renewals remain the same
and only minor adjustments were made to advertising rates and terms. The Mississippi Banker, published by the MBA for over a century, will remain a centerpiece of our communications program.
Editorial content Amanda Manning Markow MBA communications manager amarkow@msbankers.com
Magazine advertising Brooke McCoy MBA marketing manager bmccoy@msbankers.com
Banker THE MISS ISSIP PI
JULY|AUGUST 2018 VOLUME 103 • NUMBER 1
MARY CHILDS
130th CHAIRMA
N Mississippi Banke rs Association
MYB offers exclusive Sponsorships to banks Mississippi Young Bankers has launched a new sponsorship program offering MBA member banks the exclusive opportunity to support MYB events. Through the MYB “Banker Brick Program,” banks may purchase an annual sponsorship of $500, $1,000, $2,000 or $3,000. Banker Brick sponsors will be recognized at all MYB events and, based on their sponsorship level, will receive special recognition during the year. The new program supports an evergrowing list of Young Bankers activities. These include the MYB Annual Convention, MYB Day at the Capitol, MYB Leadership Conference and Golf Tournament, MYB networking events, and more. Banks are encouraged to contact Brooke McCoy, MBA Marketing Manager, bmccoy@msbankers.com, or 601948-6366.
SAVE THE DATE!
MBA AGRICULTURE CONFERENCE Tuesday, March 19, 2019 Coble
Gipson
MS Ag & Forestry Museum, Jackson
• Detailed briefing on the 2018 Farm Bill by Dr. Keith Coble of Mississippi State University • Remarks by State Ag Commissioner Andy Gipson • Updates on tariffs and other factors impacting the farm economy • Specific issues affecting various sectors of Mississippi agriculture • More information to come - visit msbankers.com This event has been planned by the MBA Agriculture Committee. It promises to be a very meaningful and timely conference for all Mississippi bankers involved in agricultural lending.
CONTACT: Lori Richardson | MBA programs manager 601-948-6366 | lrichardson@msbankers.com
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Around the State THE MISSISSIPPI BANKER
First Choice Bank announces retirements, promotions; Clayton elected CEO; Henry named COO
First Choice Bank has announced the retirement of Buddy Montgomery, President and CEO, and Larry Russell, Senior Executive Vice President, both effective in Montgomery March 2019. Shane Clayton will be assuming the role of President and CEO while Julie Henry will be promoted to COO. While Montgomery is retiring from his current position, he will continue to serve as Chairman of the Board for the bank as well as the holding company, Pontotoc Bancshares Corporation. He will also remain involved with several bank committees providing continuity and support. Montgomery received his B.B.A. from Ole Miss in 1962 and worked one year for a bank in Tylertown before beginning his career at First Choice Bank (previously First National Bank) in 1963. Montgomery will observe his 56th anniversary as a member of the First Choice Bank team in March after rising through the ranks to become President and CEO in 1993. Montgomery has served on numerous boards through the years including the Create Foundation, Board of Directors of The United Way of Northeast Mississippi, Regent for the Barrett School of Banking, as well as serving on various committees for Mississippi Bankers Association. He and his wife, Betty, are members of First Baptist Church in Pontotoc and have two children, Mitch and Mignon. Russell, who will celebrate his 55th anniversary with First Choice Bank in March, received his B.B.A. in Accounting from Ole Miss in 1964 and began his career with the bank that same year. During his tenure, he has served as Chief Credit Officer and was promoted to Senior Executive Vice President 6
in 1993. Russell has served on the boards of Three Rivers Planning and Development District Lending Committee, the Mississippi Employment Security Commission, and the Russell State Educational Finance Commission. After retirement, Russell will remain a director on the Bank’s Board, the holding company board, as well as serving on some bank committees. Russell and his wife, Pam, are members of Randolph Baptist Church and have four children, Chris, Chad, Gayle, and Mike. In preparation for this change in leadership, the bank implemented a transition program in 2015 to prepare future leaders and provide a smooth and orderly transition. During this period Clayton and Henry have been functioning as the day to day leadership for the bank. A native of Pontotoc, Clayton began his banking career with First Choice Bank in 1987. He received his B.B.A. in Banking and Finance in 1990, and entered the manageClayton ment trainee program. Subsequently, he graduated from the Southeastern School of Commercial Lending at Vanderbilt. After working in almost every department of the bank, he became a commercial lender and was promoted to Executive Vice President and Chief Credit Officer in 2011. A member of the First Choice Bank Board of Directors as well as the holding company board, Clayton also serves on the Board of Directors of the Mississippi Bankers Association, as a Regent for the Barrett School of Banking, and as a Trustee for the Pontotoc
THE MISSISSIPPI BANKER
City Schools. Clayton and his wife, Jimma, are members of First United Methodist Church of Pontotoc and have two children, Lauren and Tanner. Henry, also a Pontotoc native, received her B.B.A. in Banking and Finance from Ole Miss in 1985 and the Graduate School of Banking at LSU in 1997. Henry began her career with First Choice Bank in Henry 1983, also working herself through the ranks and was promoted to Executive Vice President and CFO in 2011. Henry serves on the First Choice Bank Board of Directors as well as the holding company board. She also serves on the Create Foundation Board, Catch Kids Board, and was a previous board member of North MS Medical Center – Pontotoc Health Services. Henry is a member of First Baptist Church in Pontotoc and has one daughter, Meagan.
131st Annual MBA Convention Sandestin Golf & Beach Resort May 15 – 19, 2019 Accommodation Guide Now Online msbankers.com
Contact Amy Davis adavis@msbankers.com
Around the State THE MISSISSIPPI BANKER
Joel Clements retires from First State Bank, Waynesboro; Jeffrey Lacey named chairman, CEO and president Jeffrey B. Lacey has been named Chairman, CEO and President of First State Bank in Waynesboro, replacing Joel C. Clements, who retired on December 31, 2018. Lacey, a native of Kosciusko, is a graduate of Mississippi State University. He also attended the Missis- Lacey sippi School of Banking, ABA Commercial Lending School at the University of Oklahoma, The Southeastern Commercial Lending School at Vanderbilt and the Graduate School of Banking at Louisiana State University. Lacey has over thirty years of banking experience and has held several senior management positions at other Mississippi banks. He is active in a number of community and professional organizations including the Mississippi Bankers Association and he currently serves on the Board of Directors for the Business and Industry Political Education Committee (BIPEC). Clements retired after 20 years of service. He began his banking career
after graduating from Mississippi State University with a Bachelor of Science degree in Accounting. He worked for both Ernst & Young and National Bank of Commerce in Texas, Tennessee and Mississippi. During this time, Clements graduated with honors from the Southwest- Clements ern Graduate School of Banking at Southern Methodist University. In 1998, he joined First State Bank in Waynesboro, MS as president. In 1999, he was promoted to CEO, and under his leadership, First State Bank has grown from $241 million to more than $825 million with offices in eight southeast Mississippi communities. A de novo branch in Meridian, MS and the acquisition of a bank in a neighboring market contributed to this success. Throughout his career, Clements was very active in industry and civic organizations. He was vigorously involved with the Mississippi Bankers Association and served as the 2010–2011 MBA Chairman. He also served on
the MBA Executive Committee and Board, the Credit Committee, Insurance Committee, MissBankPac Committee and Legislative Committee. Clements has been a member of Rotary International since 1983. He served on the board of the Starkville and Waynesboro Rotary Clubs, president of the Waynesboro Club, and past President and past District Governor of the Rotary District 6820. Clements is a three-time Paul Harris Fellow and a member of the Paul Harris Society. He also actively volunteers and supports the United Way of the Pine Belt Region and the American Cancer Society Relay for Life. Clements is a former member of the Mississippi State University Foundation Board of Directors, the MSU Meridian Branch Advisory Board, the Board of Directors of the Mississippi Prison Industries, the Mississippi Poultry Association, State of Mississippi Public Employees Retirement System Advisory Board Member, Wayne County Forestry Association, and as a Certified Public Accountant, Joel was a member of the American Institute of CPAs and Mississippi Society of CPAs.
Merchants & Farmers Bank, Holly Springs, Elects Jason Burch to board of directors The Board of Directors of Merchants & Farmers Bank of Holly Springs and parent company, M&F Bancorp, Inc., Burch are pleased to announce the addition of Jason Burch to the Board. A native of Holly Springs, Burch
graduated from Marshall Academy before receiving a degree from the University of Mississippi with a double major in Banking and Finance and Real Estate. Burch began a banking career with BankPlus as a commercial lending trainee, as well as a real estate salesman for Signature Realty in Southaven. He became Broker/Owner of Burch Realty Group, LLC of Olive Branch
in 2010, where he currently oversees the day to day activities of the company. He was recognized as one of the top producing real estate agents in northwest Mississippi in 2015, 2016 and 2017. Burch and his wife Ainsley and two children Manning and Ainsleyana live in Hernando.
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Pat Biglane leads Louisiana Bankers Association Pat Biglane, president and CEO of Concordia Bank & Trust Co. based in Vidalia, La., is serving as the 2018–19 chairman of the Louisiana Bankers Association. Biglane’s Biglane leadership of the LBA continues his long record of service to the banking industry in both Louisiana and Mississippi. He is a former member of MBA’s Board of Directors and current member of the Legislative Committee. Concordia Bank & Trust’s Mississippi operations include offices in Adams and Wilkinson counties. The MBA congratulates Pat on his leadership of the LBA!
MBA BSA/AML Conference Patti Blenden led the MBA Bank Secrecy Act/Anti-Money Laundering Conference held January 24–25 in Jackson. More than 100 bankers attended the two-day conference, which was planned by the MBA Compliance Committee. The event was held in the Trustmark Conference Center at the Mississippi Sports Hall of Fame and Museum.
Balanced Advice. Proven Results.
Serving Financial Institutions Accounting Auditing Taxation Consulting Contact: Sim Mosby, CPA 601-442-7411
www.silassimmons.com 8
THE MISSISSIPPI BANKER
209 N. Commerce Street | Natchez, MS 39120
7th Annual MBA Women in Banking Conference Set for March 26 in Jackson MBA’s seventh annual Women in Banking Conference will be held on Tuesday, March 26, at the Jackson Convention Complex, preceded by a cocktail reception at Drago’s Restaurant in Jackson on March 25. Pam Ware, Renasant Bank, chair of the banker committee planning this year’s conference, will preside over a full day of presentations addressing banking, business, leadership and organizational issues from a female perspective. The conference begins with remarks by Dorothy Anderson of the Federal Reserve. The remainder of the morning session includes presentations by Leisha Pickering of MUSEE Bath in Madi-
son, and Michelle Rivers, chief human resources officer with Renasant Bank. At lunch, MBA Chairman Mary Childs, President and CEO, Peoples Bank, Ripley, will speak, followed by a presentation with Hattiesburg florist John David Williams. The afternoon session begins with Public Relations Consultant Pam Confer and concludes with Inspirational Speaker Pam Tebow. Conference registration starts at 8:00 a.m., and presentations start at 8:45 a.m. Lunch will be provided for all attendees. Conference materials will be distributed to all MBA member banks and are also available for download at msbankers.com.
March 26, 2019 JACKSON CONVENTION COMPLEX Dorothy Anderson Federal Reserve
REGISTRATION and SPONSOR INFORMATION MBA MEMBERS $ 295 per registrant
NON-MEMBERS $ 590 per registrant
BANK SPONSOR TABLE $2750 | TABLE OF 10
AFFILIATE SPONSOR TABLE $3500
(Please send a list of everyone to be included)
Leisha Pickering MUSEE Bath
(Includes sponsorship of reception at Drago’s, March 25)
CONTACT: Lori Richardson, MBA programs manager lrichardson@msbankers.com | 601-948-6366 | msbankers.com
2019 MBA Women in Banking Conference Planning Committee
Mary Childs MBA Chairman The Peoples Bank Ripley
CHAIR | Pam Ware, Renasant Bank, Ridgeland • • • • • • • • • • • • • • • • •
Rebecca Barrentine, Copiah Bank, Hazlehurst Gaye Broyles, BankPlus, Ridgeland Kristi Burge, Merchants & Marine, Pascagoula Kristy Davis, First State Bank, Waynesboro Monica Day, Trustmark Bank, Jackson Myra Dunlap, Guaranty Bank & Trust, Belzoni Tracy Goforth, First Security Bank, Batesville Eliza Henderson, First National Bankers Bank, Ridgeland Alice Herbison, Bank of Benoit, Benoit Dee Dee Lowery, The First, Hattiesburg Lorann McInnis, Magnolia State Bank, Laurel Susan Perry, Bank of Anguilla, Anguilla Tammy Phillips, Community Bank, Brandon Robin Sanderson, Citizens Bank, Columbia Martha Underwood, PriorityOne Bank, Magee Jennifer Wallace, Pike National Bank, McComb Allyson Winter, Trustmark National Bank, Jackson
Michelle Rivers Renasant Bank
Pam Confer Public Relations Consultant
Pam Tebow Inspirational Speaker
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MBA Member Banks THE MISSISSIPPI BANKER
Mission Statement
 e mission of the Mississippi Bankers Association is to promote a strong and successful banking industry for the benefit Th of all member banks, their customers and communities, and for the enhancement of Mississippi’s economy. Amory Federal Savings & Loan Association Amory BancorpSouth Tupelo Bank of Anguilla Anguilla Bank of Benoit Benoit Bank of Brookhaven Brookhaven Bank of Commerce Greenwood Bank of Forest Forest Bank of Franklin Meadville
Community Bank of Mississippi Brandon
BankFirst Financial Services Columbus
Community Spirit Bank Belmont (Red Bay, AL)
BankPlus Ridgeland
Concordia Bank & Trust Company Natchez (Vidalia, LA)
BNA Bank New Albany
Copiah Bank Hazlehurst
Cadence Bank, N. A. Starkville
Covington County Bank Collins
CB&S Bank Russellville, AL
Delta Bank Natchez (Ferriday, LA)
Century Bank Lucedale
Farmers & Merchants Bank Baldwyn
Citizens Bank, Columbia Columbia The Citizens Bank, Philadelphia Philadelphia Citizens Bank & Trust Company Marks
Bank of Walnut Grove Walnut Grove Bank of Wiggins Wiggins
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Bank of Yazoo Yazoo City
Citizens Bank, Byhalia Byhalia
Bank of Kilmichael Kilmichael
Bank of Okolona Okolona
Commerce Bank Corinth
Charter Bank Biloxi
Bank of Holly Springs Holly Springs
Bank of Morton Morton
Bank of Winona Winona
THE MISSISSIPPI BANKER
Cleveland State Bank Cleveland
First American National Bank Iuka First Bank McComb First Bank & Trust Biloxi (New Orleans, LA) First Choice Bank Pontotoc First Commercial Bank Jackson The Commercial Bank DeKalb
MBA Member Banks THE MISSISSIPPI BANKER
First Federal Savings & Loan Association Aberdeen First Financial Bank Carthage (El Dorado, AR) First National Bank, Clarksdale Clarksdale First National Bank of Picayune Picayune First National Bankers Bank Baton Rouge, LA First Security Bank Batesville First Southern Bank Columbia First State Bank, Holly Springs Holly Springs First State Bank, Waynesboro Waynesboro The First, A National Banking Association Hattiesburg FNB Oxford Bank Oxford Grand Bank Hattiesburg Great Southern Bank Meridian Guaranty Bank & Trust Company Belzoni
Hancock Whitney Bank Gulfport
Peoples Bank & Trust Company North Carrollton
Holmes County Bank & Trust Co. Lexington
Pike National Bank McComb
Home Bank Natchez
Planters Bank & Trust Company Indianola
The Jefferson Bank Fayette
PriorityOne Bank Magee
Magnolia State Bank Bay Springs
Regions Bank Jackson (Birmingham, AL)
Mechanics Bank Water Valley
Renasant Bank Tupelo
Merchants & Farmers Bank Holly Springs
Richton Bank & Trust Company Richton
Merchants & Marine Bank Pascagoula
RiverHills Bank Port Gibson
Merchants & Planters Bank Raymond
Southern Bancorp Bank Indianola (Arkadelphia, AR)
OmniBank Bay Springs
State Bank & Trust Company Ridgeland
Origin Bank Madison (Choudrant, LA)
Sycamore Bank Senatobia
Oxford University Bank Oxford
Tallahatchie County Bank Charleston
The Peoples Bank, Biloxi Biloxi
Trustmark National Bank Jackson
Peoples Bank, Mendenhall Mendenhall
United Mississippi Bank Natchez
The Peoples Bank of Ripley Ripley
Wells Fargo, N.A. Biloxi (Sioux Falls, SD)
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MBA Legislative Update THE MISSISSIPPI BANKER
MBA advocates on behalf of Mississippi banks Before 2019 Regular Session of legislature Association adopts positions on number of proposals More than 80 bankers from across Mississippi came to Jackson on January 22 to participate in the MBA’s annual membership meeting to consider state legislative issues. Attendees represented 39 MBA members institutions in the meeting held in the Trustmark Conference Center at the Mississippi Sports Hall of Fame and Museum. MBA Chairman Mary Childs of Ripley presided over an agenda covering dozens of legislative issues expected to come before the 2019 regular session of the Mississippi Legislature, which convened on January 8. Joining Childs in discussing issues were Brad Jones of Meadville, chairman of the MBA Legislative Committee, and Gordon Fellows and Mac Deaver of the MBA staff. Also participating in the meeting were MBA Vice Chairman Greg McKee of Philadelphia and MBA Treasurer Andy Anderson of Anguilla. Deputy Commissioner Roshunda Kelly of the Mississippi Department of Banking and Consumer Finance addressed the meeting. She discussed the department’s FY2020 budget and a legislative proposal to assist the department in addressing salary compression issues which make it difficult to hire and retain examination staff. Among the dozens of state legislative issues discussed by bankers were (1) a bill to help combat financial abuse of an elder and/or vulnerable adult by authorizing banks to halt transactions without liability upon a good faith suspicion of financial exploitation; (2) legislation supported by a coalition of business groups to enact premises liability protections which would limit a business’s responsibility for the conduct by others on their property; (3) a proposal to clarify that the use of geo-spatial 12
imaging to monitor property descriptions does not violate is not Mississippi law regulating the practice of surveying; (4) legislation governing the frequency of bidding for county public funds; (5) legislation to enact the Mississippi Guard and Protect (GAP) Act regarding guardianships and conservatorships; (6) proposals to provide for electronic notarization and to re-write the Mississippi probate code; (7) bills to enact uniforms laws in the state, including the Uniform Power of Attorney Act and the Marketable Title Actin Mississippi; and (8) legislation to regulate construction bonds on private projects. Cliff Harrison of the Butler Snow law firm, chairman of the MBA Bank Attorneys Committee, was present to report his committee’s work on a number of state legislative proposals. Fellows, treasurer of MissBankPAC, gave a report to the membership about the PAC’s fundraising efforts and discussed state and legislative races coming up in 2019. He recognized Chuck Nicholson, MissBankPAC chairman, who was in attendance. At the beginning of the membership meeting, Brooke McCoy, MBA marketing manager, recognized and thanked MBA affiliate member “Program Partners” during the past year. McCoy noted that these nine companies and firms provided financial support for MBA banker education events throughout 2018: BKD CPAs and Advisors, Crews & Associates, Deluxe Strategic Sourcing, FI Strategies, Servis1st Bank, Silas Simmons CPAs and Advisors, Sones & White law firm, Stockett & Thomas Agency, and Watkins & Eager law firm. McCoy introduced representatives of the Program Partners who were in attendance.
THE MISSISSIPPI BANKER
Following the membership meeting, the MBA Board of Directors held its regular quarterly meeting, at which the board adopted specific positions on a number of bank-related proposals. The MBA will be monitoring all bankrelated bills that come before the State Legislature. Bankers are encouraged to stay abreast of issues and to take part in the MBA’s grassroots advocacy network to make legislators aware of industry positions. For more information on legislative matters or to become involved in MBA advocacy efforts, bankers should contact Fellows at 601948-6366 or gfellows@msbankers.com.
MBA Legislative Update THE MISSISSIPPI BANKER
Key deadlines for state legislation The Mississippi Legislature convened its 2019 Regular Session on January 8 at the State Capitol. All legislation introduced during the session is subject to important deadlines. If a bill does not survive a deadline, it is dead for the session (unless the rules are suspended to allow further consideration). Some important deadlines during the current session are listed here. As you will see, different deadlines apply to general bills (which include most banking legislation) and revenue/appropriations bills (those generating revenue or spending state funds). At this point, the deadline for introduction of general bills has passed. There is no deadline for the introduction of revenue/appropriations bills; however, these bills must meet all specified deadlines. For more information on legislative deadlines or to learn the status of any legislation, contact Gordon Fellows, MBA senior vice president-government relations, at 601948-6366 or gfellows@msbankers.com.
THURSDAY, FEBRUARY 14 Deadline for initial floor action on general bills.
SATURDAY, MARCH 30 Deadline for filing conference reports on revenue and appropriations bills.
WEDNESDAY, FEBRUARY 28 Deadline for initial floor action on revenue and appropriations bills.
MONDAY, APRIL 1 Deadline for filing conference report on general bills; deadline for conference reports on revenue and appropriations bills to be adopted.
TUESDAY, MARCH 5 Deadline for committee action on general bills originating in the opposite chamber. WEDNESDAY, MARCH 13 Deadline for floor action on general bills originating in the opposite chamber. TUESDAY, MARCH 19 Deadline for floor action on revenue and appropriations bills originating in the opposite chamber. THURSDAY, MARCH 28 Deadline to concur on amendments made to general bills by the opposite chamber.
WEDNESDAY, APRIL 3 Deadline for initial floor action on conference reports on general bills. FRIDAY, APRIL 5 Deadline for adoption of conference reports on general bills. SUNDAY, APRIL 7 Scheduled adjournment of 2019 Regular Session.
Senate Business & Financial Institutions Committee
House Banking & Financial Services Committee
Sen. Rita Parks, Chairman Sen. Walter Michel, Vice Chairman
Rep. Henry “Hank” Zuber III, Chairman Rep. Shane Aguirre, Vice Chairman
Members
Members
Sen. Kevin Blackwell Sen. Jenifer Branning Sen. Nickey Browning Sen. Videt Carmichael Sen. Chris Caughman Sen. Sally Doty Sen. Josh Harkins Sen. Gary Jackson Sen. Robert Jackson Sen. Sampson Jackson Sen. J.P. Wilemon
Rep. Tracy Arnold Rep. Mark Baker Rep. Jim Beckett Rep. Donnie Bell Rep. Scott Bounds Rep. Chris Brown Rep. Cedric Burnett Rep. Larry Byrd Rep. Lester “Bubba” Carpenter Rep. Alyce Clarke Rep. Dan Eubanks Rep. Casey Eure Rep. Bob Evans Rep. Debra Gibbs
Rep. Jeff Hale Rep. John Hines, Sr. Rep. Steve Holland Rep. Joey Hood Rep. Kevin Horan Rep. Chris Johnson Rep. Nolan Mettetal Rep. Margaret Rogers Rep. Ray Rogers Rep. Gary Staples Rep. Kathy Sykes Rep. Jerry Turner Rep. Tom Weathersby
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ABA, ICBA set Washington summit meetings in April Mississippi bankers urged to help deliver industry message to nation’s capital
Mississippi bankers are encouraged to join hundreds of bankers from across the nation this April for two major advocacy events in Washington, D.C. The American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) will host their annual “summits” in Washington which will take our industry’s message to
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policy makers in our nation’s capital. Both events will feature presentations by political and policy experts on banking legislation and regulation, plus networking opportunities and organized state visits to Capitol Hill. There is no cost to attend either the ICBA or ABA summit. The MBA supports both of
these events, and urges all Mississippi banks to be represented. Mac Deaver and Gordon Fellows of the MBA staff plan to attend the ABA and ICBA summits. For more information or assistance with registration, bankers may contact either of them at the MBA office (gfellows@msbankers.com or mdeaver@ msbankers.com; 601-948-6366).
The Summit opens on Monday, April 1, with the annual April 1–3, 2019 Emerging Leaders Forum, which brings together young bankers from across the country. Also on Monday, there will be orientation for bankers’ Capitol Hill Visits. On Tuesday and Wednesday, April 2 and 3, attendees will be briefed on banking legislation. The MBA will organize Mississippi attendees for meetings with the state’s Congressional delegation The 2019 ABA Washington Tuesday afternoon. Wednesday’s Summit will take place April 1–3 at session will feature remarks by the Washington Marriott Marquis. Donna Brazile, former chair of the
Democratic National Committee, and Alex Castellanos, consultant and strategist for the National Republican Party. The Wednesday session will adjourn at 10:30 a.m., when ABA will convene its Women’s Leadership Forum. The ABA Summit schedule will include a reception on Monday night, and breakfasts for attendees each morning. Bankers may register and make hotel reservations on aba.com. Bankers should make hotel reservations by March 13 to assure they receive the conference rate.
The Summit begins on Sunday, April 28, with orientation for first-time attendees and a welcome reception. The Summit will conclude on Wednesday, May 1. The Capital Summit’s first general session on Monday afternoon will feature remarks by senior officials from federal bank regulators and other industry experts. Senator Mike Crapo, chairman of the U. S. Senate Banking. Housing and Urban Affairs Committee, has been The 2019 ICBA Capital Summit invited to address the summit on will take place April 28-May 1 at the Tuesday, after which bankers will Grand Hyatt Washington Hotel. organize by state for Capitol Hill
visits. The MBA will schedule meetings for Mississippi attendees with our state’s Senators and Representatives during the day on Tuesday. The ICBA Summit concludes with a breakfast meeting on Wednesday, May 1. In addition to the general sessions, the Summit schedule includes reception and dinner events for attendees, as well as a spouse breakfast on Tuesday. Bankers may register and make hotel reservations on icba.org. Bankers should make hotel reservations by April 1 to assure they receive the conference rate.
THE MISSISSIPPI BANKER
MBA Education Committee provides guidance For events throughout the year Plans are being finalized for 2019 MBA educational events with guidance from the MBA Education Committee, which met in late 2018. The committee was created by the MBA Board to provide a senior executive view of all MBA education activities, including conferences,
seminars, and banking schools, to help ensure that the educational needs of member banks are effectively addressed. Appointed by MBA Chairman Mary Childs, the committee is led by Mike Webb, Community Bank, Tupelo. Webb brings his experience as a community bank CEO, past
chairman of the Mississippi School of Banking and a member of the MBA Board of Directors. Bankers are encouraged to share ideas and comments about MBA banker education programs with Davis or any member of the Education Committee. Contact Amy Davis at 601-948-6366 or adavis@msbankers.com.
MBA Education Committee Committee Chair: Mike Webb, Community Bank, Tupelo LaRuth Ashley Guaranty Bank & Trust Co. Belzoni
Rita Floyd Trustmark National Bank Jackson
Kirk Graves State Bank & Trust Co. Ridgeland
Julie Henry First Choice Bank, Pontotoc
Scott Davis First Southern Bank Columbia
Wes Fulmer The Peoples Bank Biloxi
Moak Griffin BankFirst Financial Services Columbus
Amy Davis Senior VP, Operations MBA Staff Liaison
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New courses at Graduate School of Banking at LSU Focus on ethical leadership, grassroots advocacy By Mike Highfield, PhD, CFA, CTP, Vice President for Curriculum, GSB at LSU Professor of Finance, Mississippi State University
Peter Drucker once said: “Management is doing things right; leadership is doing the right things.” At the Graduate School of Banking at Louisiana Highfield State University, we are taking steps to emphasize ethical decision-making as part of leadership in the financial services industry. As part of this effort, we are pleased to introduce two upper-level coursed focused on different facets of ethical leadership: Leadership Inside and Out the Bank and Leadership Through Advocacy. When it comes to leading and managing, are you a Lion, a Fox, a Clydesdale or a Saint Bernard? Rita Floyd, director of organizational development at Trustmark National Bank, will help GSB students answer that question in Leadership Inside and Outside the Bank, a new required senior course in 2019. As course instructor, Rita will emphasize the important of effective leadership, the critical distinction between leading and managing, effectively dealing with conflict, and the role of bankers as stewards in their community. She also will examine pitfalls to effective leadership and ways to foster better communication. A new faculty member at GSB at
LSU this year, Rita has worked in banking for 34 years in various capacities, with the major portion of her career devoted to human resource management. Her current role involves directing the learning and development at Trustmark, which encompasses career coaching, team effectiveness and assessment, talent management, succession planning, mentorship and training. Rita received her master’s degree in Human Resources from Liberty University in Lynchburg, Va., and she was chosen
Management is doing things right; leadership is doing the right things - Peter Drucker by the Mississippi Business Journal as one of “50 Leading Business Women” in 2009. She uses her experience in learning and development as an adjunct professor at Mississippi College in Clinton. Leading Through Advocacy, a new junior/senior elective for 2019, is an interactive course designed to educate banking leaders on the significance of grassroots involvement in political and policy decisions. Pamela Ricco, executive vice president at the Florida Bank-
2019 SESSION
MAY 19–31, 2019 16
THE MISSISSIPPI BANKER
ers Association, joins the GSB faculty to lead this course which will highlight the importance of banker involvement in advocacy on local, state and federal issues covering best practices. Pamela will present examples of how banker advocacy has significantly impacted the industry over the past 10 years. She also will address the role of state and national trade associations in influencing public policy decisions. As chief operating officer at Florida Bankers Association, Pamela oversees membership, education, communications and marketing for the association, as well as FBA Education Foundation, Trust Division and non-dues revenue programs. She holds a bachelor’s degree from the University of Alabama and two master’s degrees from Florida State University. Pamela is a member of the board of trustees of Florida House on Capitol Hill, Florida’s “state embassy” in Washington, D.C. These two new courses, led by impressive new faculty members, demonstrate GSB’s continued commitment to preparing graduates to lead the banking industry today and in the future. The school’s 2019 session is scheduled May 19–31. We invite bankers to visit our web site, gsblsu.org, to learn how GSB at LSU can help advance their personal careers and their institutions.
GSBLSU.ORG 225-766-8595
MBA Officers and Board of Directors 2018-19 CHAIRMAN
VICE CHAIRMAN
Mary Childs The Peoples Bank Ripley
Greg McKee The Citizens Bank of Philadelphia Philadelphia
Preceding Chairman Retiring Chairman
TREASURER
Andy Anderson Bank of Anguilla Anguilla
At Large
At Large
Frank Sibley Citizens Bank & Trust Marks
Chuck Nicholson Community Bancshares Brandon
Gee Gee Patridge BankPlus Ridgeland
Dan Rollins BancorpSouth Tupelo
Shane Clayton First Choice Bank Pontotoc
Group 1
Group 2
Group 3
Group 3
Group 4
Group 5
Mark Tapp Farmers & Merchants Bank Baldwyn
Steve Gresham Bank of Holly Springs Holly Springs
Danny Whalen Cleveland State Bank Cleveland
Eddie Hammond Bank of Winona Winona
Allen Breland Bank of Forest Forest
Jerry Host Trustmark Bank Jackson
Alan Hargett Planters Bank & Trust Indianola
Group 5
Group 6
Group 7
Jeff McCoy Great Southern Bank Meridian
Robbie Barnes PriorityOne Bank Magee
Shannon Aker Bank of Brookhaven Brookhaven
At Large
Group 7
Group 1
Group 8
Mike Ellard United Mississippi Bank Natchez
John Hairston Hancock Whitney Bank Gulfport
MBA Staff
Mac Deaver President & CEO
Amy Davis Sr. Vice President Operations
Gordon Fellows Lori Richardson Programs Sr. Vice President Manager Govt. Relations
Sherell Taylor Brooke McCoy Manager of Marketing Insurance Services Manager
Vicky Franklin Amanda Markow Accounting Communications Manager Manager
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Mississippi Bankers Association Program Partners
For more information contact Brooke McCoy, bmccoy@msbankers.com 18
THE MISSISSIPPI BANKER
2019 MBA EDUCATIONAL EVENTS MBA Professional Development Opportunities to interact face-to-face with expert instructors and banker peers Mar 9–13
MYB Study Conference & Convention The Grand Hotel, Point Clear, AL
Mar 19
MBA Agriculture Conference Mississippi Agriculture & Forestry Museum
Mar 26
MBA Women in Banking Conference Jackson Convention Complex, Jackson
April 7–13
Mississippi School of Banking The University of Mississippi, Oxford
May 15–19
MBA Annual Convention Sandestin Golf & Beach Resort, Destin, FL
Aug 14–15
IRA School Grantham Poole CPA offices, Ridgeland
Sep 12–13
Compliance Conference Hilton Hotel, County Line Rd., Jackson
Sep 17–18
Mississippi Young Bankers Leadership Conference & Golf Tournament Jackson
Oct 2019
MBA Communications Conference Date and Location TBD
Oct 2–3
MBA Security Conference Embassy Suites, Ridgeland
Oct 24–25
Wealth Management Conference Hilton Hotel, County Line Rd., Jackson
TBD
2019 MBA Director Training
TBD
2019 IT/Tech Conference
VISIT MSBANKERS.COM FOR MORE INFORMATION Amy Davis | adavis @msbankers.com | 601-948-6366
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69th Annual Study Conference
Get to the
Point!
March 9–13, 2019 The Grand Hotel Point Clear, AL Plans are being finalized and registration is open for the 69th annual Mississippi Young Bankers Study Conference & Convention at The Grand Hotel in Point Clear, AL. This convention combines valuable professional development and significant networking opportunities for emerging leaders and their peers from around the state. The event schedule includes general sessions and industry speakers, plus family activities and a golf tournament.
The family-friendly Grand Hotel overlooks scenic Mobile Bay and has plenty of activities for everyone. Mississippi bank CEOs find great value in sending their “best and brightest” to the MYB Study Conference and Convention as a reward. Register online at msbankers.com to make sure your bank is represented! Please contact MBA Senior Vice President Amy Davis with any questions, at adavis@msbankers.com, 601-948-6366.
“This event is an invaluable tool for professional and personal growth. Learn leadership lessons and skills from proven leaders, expand your personal and professional network, and enjoy the family-friendly atmosphere with your peers from all over our great state.” Bob Glover The Peoples Bank, Ripley
BOB’s UNDER THE BIG TOP President Party Enjoy a great family buffet meal and lots of kids’ activities!
Photographers will be available for a themeoriented photo booth!
Acoustic musician Tatum Shappley and other theme-oriented entertainment will be mingling with attendees! 20
THE MISSISSIPPI BANKER
Monday, March 11, 2019
6:00 – 8:00 p.m.
and Convention msbankers.com/mybconvention Convention registration | Tentative convention schedule
Sunday, March 10
General Session Speakers
Banker Panel
Mary Childs Col. Arthur Athens MBA Chairman U.S. Naval Academy The Peoples Bank, Ripley Annapolis, MD
Sarah Thomas Orrin Edwards First Female Senior Vice President NFL Referee Raymond James Financial
Convention Overview Saturday, March 9
Monday, March 11
• Registration (3:30–7:30 p.m.)
• Morning General Session • Luncheon Event • President’s Party (6–8 p.m.)
Sunday, March 10
Tuesday, March 12
• Morning General Session • Luncheon Event • Free night for registrants
• Spouse Event • Golf Tournament • Annual Banquet
Spouse Event Enjoy a light brunch & delicious morning cocktails! Entertainment provided by Magician Gary Ledbetter
Brad Jones Chief Executive Officer Bank of Franklin, Meadville
Barry Prather Chief Financial Officer Community Bank, Brandon
Tuesday March 12 Robin Sanderson Chief Operating Officer Citizens Bank, Columbia WINTER 2019
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Mississippi Young Bankers THE MISSISSIPPI BANKER
5th annual MYB ‘Day at the Capitol’ Bankers coming to Jackson on March 27
Plans are underway for the 5th annual MYB “Day at the Capitol” to take place on March 27, 2019. This event includes various activities and meetings at the Mississippi State Capitol building during the 2019 Legislative Session. Rising young bank officers will have the opportunity to interact with government officials and be involved in the legislative process.
CONTACT Gordon Fellows SVP Government Relations gfellows@msbankers.com 601-948-6366
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THE MISSISSIPPI BANKER
8
MBA Professional Development
WEBINARS
Training opportunities at your convenience
Visit msbankers.com to view and register for these webinars and more All webinars listed in Central time (CT) TUESDAY, FEBRUARY 19 Responsibilities of the Information Security Officer 10:00 a.m. – noon
THURSDAY, FEBRUARY 28 Federal Benefit Payments Garnishment Requirements 10:00 a.m. – noon ____________
MONDAY, MARCH 11
Advanced Tax Return Analysis 1:30 – 3:30 p.m.
TUESDAY, MARCH 12
Opening New Accounts Part III: Trust and Fiduciary 1:30 – 3:30 p.m.
FRIDAY, MARCH 1
Serve Well, Sell Right 10:00 – 11:30 a.m.
WEDNESDAY, FEBRUARY 20
____________
Very Basic Underwriting 1:30 – 3:30 p.m.
Top 25 Safe Deposit Compliance Issues 10:00 a.m. – noon ____________
FRIDAY, FEBRUARY 22
ACH Rule Changes: What’s New in 2019 10:00 a.m. – noon Dealing with Appraisals: Regulations and Requirements 10:00 a.m. – noon Rate Doesn’t Matter! Overcoming Rate Resistance to Increase Sales Noon – 2:00 p.m. Thought Leadership Webinar Series Noon – 2:00 p.m. ____________
MONDAY, FEBRUARY 25 Excel Explained: Minimize Spreadsheet Errors 1:30 – 3:30 p.m.
TUESDAY, FEBRUARY 26 Onboarding Your New Hire 1:30 – 3:30 p.m.
WEDNESDAY, FEBRUARY 27 TRID for Beginners 10:00 a.m. – noon
Letters of Credit 10:00 a.m. – noon
TUESDAY, MARCH 5
WEDNESDAY, March 13
ACH Origination and Same Day Entries 10:00 a.m. – noon
RESPA - Those Pesky Section 8 Violations 10:00 a.m. – noon
Cash Management: How Sales, Operations, and Technology Can Work Together to Generate More Fee Income 1:30 – 3:30 p.m.
E-Sign for Lending and Critical E-Sign Implementation Issues 1:30 – 3:30 p.m.
WEDNESDAY, MARCH 6
FFIEC Information Security Handbook Review 10:00 a.m. – noon
Commercial Construction Lending 1:30 – 3:30 p.m.
THURSDAY, MARCH 7
THURSDAY, March 14
FRIDAY, MARCH 15
Using Personal Tax Returns for Global Cashflow: What’s Cashflow and What Isn’t 10:00 a.m. – noon
Protecting Your Salaried-Exempt Status 10:00 a.m. – noon
Hiring, Compensating &Retaining Loan Officers without Regulatory & New Legal Risks Noon – 2:00 p.m.
TUESDAY, MARCH 19
Consumer Real Estate Loans 1:30 – 3:30 p.m.
The UCC for Lenders 1:30 – 3:30 p.m.
FRIDAY, MARCH 8
WEDNESDAY, MARCH 20
Quarterly Compliance Briefing: 4-Part Series (2019) 10:00 a.m. – noon
For Banking RMs: How Top Producing Bankers Prospect for Business 1:30 – 3:30 p.m.
Business Plans That Get Results 10:00 a.m. – noon
____________
____________
Right of Setoff 10:00 a.m. – noon
Auditing HMDA 10:00 a.m. – noon
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Bankers on the Move THE MISSISSIPPI BANKER
Community Bank
Farmers & Merchants Bank
Great Southern Bank
Brandy Bryant has been named assistant vice president. Bryant attended Hinds Community College and has been in banking for 20 years. She has been with the bank Bryant for 11 years and recently served as deposit services officer.
Pr i s c i l l a Gr i c e has been promoted to senior vice president - assistant cashier, assistant security officer and BSA officer. Grice earned a degree in banking Grice a n d f i n a n c e f ro m Mississippi State University and has been with the bank for 25 years.
Chris H. Odom has been promoted to president of the Waynesboro office. Odom earned a Bachelor of Business Administration Degree from the University of Odom Mississippi. He is also a graduate of The Mississippi School of Banking at the University of Mississippi and the Graduate School of Banking at Louisiana State University. Odom has 18 years of banking experience and has been with the bank since 2006.
Marc Hearst has been named vice president. Hearst earned a Bachelor degree minoring in Business, Communications, and Sociology from Mississippi State Uni- Hearst versity. He has 10 years of banking experience and has been with the bank for three years. Joshua Jones has been named senior vice president. Jones has been in banking for nine years, all of those with the bank. He earned a Bachelor in Finance degree Jones from the University of Southern Mississippi and is a graduate of The Mississippi School of Banking at the University of Mississippi. Kevin McCartney has been named vice president. McCartney has been in banking for five years. McCartney earned a Bachelor of Business Admin- McCartney istration degree in Marketing from Mississippi State University and is a graduate of the Mississippi School of Banking at The University of Mississippi. 24
First Bank Charlie Conerly has joined the bank as vice president, loan review. Conerly earned a Master of Business Administration degree from the University of Missis- Conerly sippi and has 25 years of previous banking experience.
Great Southern Bank Rebecca C. Campbell has been promoted to senior vicepresident. Campbell has been with the bank for 35 years, and began her career with the bank in 1984 as a sec- Campbell retary. She also serves as the Compliance Coordinator and Personnel Coordinator in Waynesboro. Lisa Dearman has been promoted to vice president. Dearman earned an Associate Degree in Arts at Jones County Junior College. With over 36 years of expe- Dearman rience, she currently oversees the deposit operations, assists with personnel and serves as Branch Security Officer in Quitman.
THE MISSISSIPPI BANKER
Mildred C. Smith has been promoted to vice president. Smith earned an Associate in Arts Degree from Jones County Junior and a Bachelor of Science in Business Smith from William Carey. She has 41 years of banking experience and has been with the bank for 20 years, serving as a loan secretary, branch manager and loan officer. Joann Walker has been promoted to senior vice-president and personnel officer. Walker joined the bank 36 years ago as the president’s executive secretary before Walker transferring to the Human Resources Department. Walker serves on the Information Technology Steering and Personnel Committee and as secretary of the Great Southern Bank and Great Southern Capital Corp. Board of Directors.
Bankers on the Move THE MISSISSIPPI BANKER
Origin Bank Andy Miller has joined the bank as a vice president, business development banker. Miller has more than 17 years experience in the banking industry. He earned a Bachelor Miller of Science from Belhaven University and is a graduate of the Mississippi School of Banking at the University of Mississippi.
Please submit banker promotions, new hire information and photos to:
ADVERTISE WITH US
editor@msbankers.com
PriorityOne Bank Barry Scott Winford has been named chief credit officer for the bank. Winford earned a Bachelor of Business Administration degree from Mississippi State Univer- Winford sity. He also completed the Executive Development Program at The Wharton School of Business and has over 25 years of banking experience.
Southern Bancorp Joey Temples has joined the bank as city president. Temples earned an Associates degree in Business Management from Phillips Jr. College in Gulf Port and has over 30 years of banking experience.
The Mississippi Banker Magazine ADDITIONAL ADVERTISING OPPORTUNITIES • • • •
conferences events seminars msbankers.com
Temples
Sycamore Bank Lee Powell has been promoted to assistant vice president/ loan officer at the bank’s Senatobia location. Powell earned a Bachelor of Business Administration degree Powell from the University of Mississippi and has 11 years of experience in the financial services industry.
Download our Media Kit msbankers.com CONTACT Brooke McCoy 601-948-6366 bmccoy@msbankers.com WINTER 2019
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American Bankers Association THE MISSISSIPPI BANKER
Keeping Pace With Change
By Rob Nichols, President and CEO, American Bankers Association
Significant progress at the regulatory agencies as well as the passage and implementation of long-sought bipartisan regulatory reform made 2018 a breakthrough year in Nichols many ways. The new year brings fresh challenges, including how to maintain momentum for policy improvements in the face of a newly divided Congress. But as I have said on many occasions, the fundamental business of banking from the deployment of credit to the building of communities - does not belong to one party. Banking issues can and should be bipartisan. So while our tactics might change with the new dynamic in Washington, our agenda hasn’t, and won’t. ABA will actively advocate on a range of policy issues in 2019, including additional regulatory reforms that didn’t make it into S. 2155, such as exam-fairness provisions that would establish deadlines for banking agencies to issue exam reports and create an independent examination review and appeal process. Other topics we think are ripe for bipartisan action include: Bank Secrecy Act Reform There is growing consensus that now is the time to update the compliance structure surrounding the nation’s antimoney laundering rules, which has not changed since 1970. We will be working to build bipartisan support for BSA/AML reform, including updated Suspicious Activity Report and Currency Transaction Report thresholds, further modifications to customer duediligence rules and better communication between banks and law enforcement. Cannabis Banking As cannabis is now legal in some form in 33 states, the growth in dispensaries as well as numerous fast-growing offshoot businesses is putting our industry in an 26
untenable position. A bank might choose not to serve a marijuana grower or dispensary since cannabis remains illegal under federal law, yet still face significant legal, operational and regulatory risk if it offers services to a customer with a tangential connection to cannabis. We’ve heard many stories, like the bank that was told by its regulator not to lend any more to a local mall owner after it leased space to a cannabis dispensary.
While our tactics might change with the new dynamic in Washington, our agenda hasn’t, and won’t. This conflict between federal and state law is reaching a tipping point, and we believe Congress and regulators must provide greater legal clarity. Watch for hearings, likely to begin with the House Financial Services Committee, and for the introduction of bills that address banks’ challenges. While ABA is not weighing in on the societal, cultural or moral aspects of this issue, we do want legal protections for banks providing services in states where cannabis is legal. CECL Accounting Standard Understanding the impact that the Financial Accounting Standards Board’s Current Expected Credit Loss accounting standard will have when fully implemented is a significant challenge. But we know that the standard’s upfront loss recognition changes the economics of lending and could force hundreds of banks to raise capital or limit their product offerings. For this reason, ABA is advocating that a thorough quantitative impact study be conducted before allowing the standard take effect. The standard is scheduled to take effect in 2020 for Securities Exchange Commission registrants, 2021 for nonregistrant banks with outside equity/debt
THE MISSISSIPPI BANKER
holders, and 2022 for privately held and mutual banks. Community Reinvestment Act Modernization Regulations implementing the Community Reinvestment Act have not kept pace with changes in banking and technology, and the Office of the Comptroller of the Currency has taken the lead in modernizing them. The comment period following OCC’s issue of an Advance Notice of Proposed Rulemaking closed in November 2018, with some 300 banks weighing in. That kind of engagement will be needed again in 2019, when we expect the banking agencies to jointly issue a proposed rule. This is a once-in-a-generation opportunity to move CRA into the future, but it will face substantial headwinds from those who fear (wrongly) that modernization will reduce banks’ commitment to their communities. We will be working to allay those fears and make the case for commonsense improvements. --Fortunately or unfortunately, banking always has a full pipeline of issues demanding attention. So while those above seem ripe for action in the coming months, ABA will be advocating on a host of other, equally important issues, from data security and housing finance reform to flood insurance and student debt concerns. Yo u r c o n t i n u e d e n g a g e m e n t will be the key to advancing any of these issues, and creating smarter, more effective bank regulation.
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@msbankers
Mississippi Bankers Association
Independent Community Bankers Association THE MISSISSIPPI BANKER
From the Top
By Tim Zimmerman, ICBA Chairman, CEO of Standard Bank, Monroeville, Pa.
Community bankers know that hard work pays off, but sometimes not right away. For instance, take a recent bit of good news for community banks that has been years in the making. Zimmerman The FDIC recently alerted community banks with assets under $10 billion of their share in approximately $750 million in depositinsurance assessment credits because the Deposit Insurance Fund reserve ratio surpassed 1.35 percent. These banks are eligible for credits due to a 2016 agency rule implementing an ICBAadvocated provision dating all the way back to the Dodd-Frank Act of 2010. That law requires the FDIC to offset the cost of increasing the reserve ratio from 1.15 percent to 1.35 percent on institutions with less than $10 billion in assets. Under the agency’s final rule, these community banks can redeem their credits once the DIF reserve ratio reaches 1.38 percent, hence the messages from the FDIC to community bankers across
the nation last month on their share. This is certainly welcome news for qualifying community banks across the country, and it’s due exclusively to our industry’s grassroots outreach. We were the only ones who advocated the change as part of long-sought deposit-insurance reforms, and we did so with the long term in mind.
We are used to years-long fights for policy gains. At the time of the original debate, the DIF was in negative territory amid the fallout of the Wall Street financial crisis. Looking at the big picture, ICBA and community banks fought hard to ensure Main Street institutions wouldn’t be stuck footing the cost of the higher reserve ratio. It’s been years in the making, but the industry is finally reaping the benefits of that success. This is nothing new for community bankers—we are used to years-long fights for policy gains. Consider many of the provisions of last year’s S.2155 relief law,
such as relief from qualified mortgage, Home Mortgage Disclosure Act and appraisal requirements, which played out over multiple Congresses. Our campaigns to simplify the call report and regulatory capital rules remain unfinished. With many advocacy initiatives ahead of us in 2019, we will all need to keep engaged and work hard to wage these battles with the knowledge that we can ultimately achieve success. We are faced with new challenges and threats to our franchises almost daily. I appreciate your service and dedication, and I look forward to working with you to ensure a bright future for community banks!
March 9–13, 2019 69th Annual MYB Study Conference and Convention
The Grand Hotel Point Clear, AL
MISSISSIPPI School of Banking
April 7–13, 2019
OXFORD, MS
DOWNLOAD AN APPLICATION | VISIT MSBANKERS.COM WINTER 2019
27
MBA Job Bank THE MISSISSIPPI BANKER
The Mississippi Banker JOB BANK DOWNLOAD A JOB BANK FORM at msbankers.com CONTACT adavis@msbankers.com
Bank Examiner: The Department of Banking and Consumer Finance is seeking someone to fill the position of bank examiner. The work requires knowledge of lending and bank operations. Loan review or lending experience is preferred. We are also seeking speciality examiners in the areas of IT, BSA, and Trust. Please send resumes to sam.hubbard@dbcf.ms.gov. Business Banker: Merchants & Marine Bank in Ocean Springs, MS is seeking a Business Banker. This community bank would prefer candidates to have minimum of 10 years’ experience in bank lending including a minimum of 3 years’ experience in commercial lending. Responsible for developing new customer and business relationships as well as maintaining existing accounts. Responsible for maintaining a sound knowledge of and comply with compliance laws, regulations and loan policy. Analyzes financial and credit data, determines customer financing objectives, and minimizes the Bank’s lending risks. Must have the ability to conduct business development calls promoting the bank in a positive manner, willingness to participate in community events and activities and a history of doing so, and strong analytical, verbal and written communication skills. Interested candidates may submit resumes to: www.mandmbank.com/career. 28
Commercial Lender: A commercial bank in Jones County is seeking a Commercial Lender. Preferred candidates will have a minimum of 5 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, willingness to participate in community events and activities and a history of doing so, and strong analytical and verbal and written communication skills. Interested candidates may submit resumes to adavis@ msbankers.com. Commercial Lending Officer: A community bank in the Hattiesburg area is seeking a Commercial Lender with opportunity to advance into senior management. Candidates should have experience in commercial 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; Must have strong computer and communication skills; Reports to local bank president. Candidates may submit confidential resumes to adavis@ msbankers.com. Trustmark’s Compliance Department is looking to fill three open positions -Sr. Compliance Risk Manager - HMDA, Sr. Fair Lending Analyst, and Fair Lending Risk Assessment (FLRA) Coordinator. For the Sr. Compliance Risk Manager - HMDA position, we are looking for a candidate with five years of progressive related experience, with a preference in HMDA reporting and analysis. For the Sr. Fair Lending Analyst, we are looking for five years of experience with a preference in Fair Lending and/or conducting analyses. For the FLRA Coordinator, we are looking for three years of financial industry experience, preferably in lending operational areas, or regulatory experience or risk assessment. Please visit www. trustmark.com/careers to apply.
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Mortgage Division President: Community Bank in Brandon, MS is seeking a President of the Mortgage Division. Requires a minimum 5 years of mortgage sales management experience. The qualified candidate will be responsible for the day to day operations of the Mortgage Division which consist of recruiting, training and managing Mortgage Loan Originators and support staff from Memphis, TN to Panama City, FL. In addition to sales management, the candidate will be responsible for the division’s adherence to all compliance and regulatory requirements. Resumes may be submitted to gregorya.moore@ communitybank.net. Mortgage Loan Originator: Charter Bank in Pascagoula is seeking a Mortgage Loan Originator. Originates first mortgage loans, promotes the financial institution and its lending services to the real estate community and helps to identify and serve the community’s financial needs through home loan counseling, real estate agent seminars and sales meetings, and by participating in and promoting the financial institution’s community activities. This position requires two years prior mortgage experience. Candidates may submit a resume to ppierce@mycharterbank. com. Relationship Banker: Guaranty Bank & Trust Company is seeking a Relationship Banker to serve in the Cleveland area. Preferred candidates must have a minimum of 5–7 years of commercial lending experience. Responsible for developing new customer and business relationships as well as maintaining existing accounts. Must have the ability to development call programs, portfolio management, general management experience, and compliance. Strong verbal and written communication skills are required. Must be active in community events by participating and promoting the bank within the community. Interested candidates may submit a resume to cforbes@gbtonline.com.
MBA Job Bank JOB BANK POLICY FOR MBA MEMBERS:
Please visit msbankers.com to download and submit an MBA Job Bank Form. Employment ads will be published in The Mississippi Banker magazine and on the MBA web site for a period of 90 days, at no charge. MBA reserves the right to reject any ad or to change or limit the wording of any ad
FOR PERSONS SEEKING POSITIONS:
Ads for an applicant seeking employment with a Mississippi bank will be placed on the MBA web site and in The Mississippi Banker magazine for a period of 90 days, at no charge, provided that the position sought is an officer level position and the applicant, as judged by the editor, is a legitimate candidate for the position. MBA reserves the right to reject any ad or to change or limit the wording of any ad.
PLEASE NOTE:
Ads available for MBA members only.
SAVE THE DATE! MBA Agriculture Conference Tuesday, March 19, 2019
Mississippi Ag & Forestry Museum, Jackson
Coble
Gipson
• Detailed briefing on the 2018 Farm Bill by Dr. Keith Coble of Mississippi State University • Remarks by State Ag Commissioner Andy Gipson • Updates on tariffs and other factors impacting the farm economy • Specific issues affecting various sectors of Mississippi agriculture • More information to come - visit msbankers.com This event has been planned by the MBA Agriculture Committee. It promises to be a very meaningful and timely conference for all Mississippi bankers involved in agricultural lending.
CONTACT: Lori Richardson | MBA programs manager 601-948-6366 | lrichardson@msbankers.com
MBA 2019 EDUCATIONAL EVENTS Mar 9–13
MYB Study Conference & Convention The Grand Hotel, Point Clear, AL
Mar 19
MBA Agriculture Conference Mississippi Agriculture & Forestry Museum
Mar 26
MBA Women in Banking Conference Jackson Convention Complex, Jackson
April 7–13
Mississippi School of Banking The University of Mississippi, Oxford
May 15–19
MBA Annual Convention Sandestin Golf & Beach Resort, Destin, FL
VISIT msbankers.com | CONTACT lrichardson@msbankers.com WINTER 2019
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‘A Banker in Every Classroom’
MBA program offers year-round financial education opportunities Building on the success of the annual week-long “A Banker in Every Classroom” event, MBA encourages bankers to continue financial education presentations on a year-round basis. MBA’s popular financial education program for bankers celebrated its eighth successful year in November 2018. MBA senior vice president Amy Davis explains that through the years, BIEC has shown the benefits of bankers building relationships with local teachers and schools. More information and downloadable forms may be found on msbankers. com. Bankers are invited to submit presentation information and photos for publication in this magazine and/or on the MBA website. Please contact Amy Davis, adavis@ msbankers.com or Lori Richardson, lrichardson@msbankers.com.
GrantReynolds,BankofPontotoc,recentlymadeBIECfinancialeducationpresentationstoover 130 junior high and high school students at the Pontotoc Ridge Career & Technology Center.
msbankers.com | video and photos | download forms
Banker THE MISSISSIPPI
Banker I THE MIS SISS IPP
2018 JULY|AUG UST • NUMBER 1 VOLUME 103
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THE MISSISSIPPI BANKER
Mississippi Bankers Association 131st Annual Convention Sandestin Golf & Beach Resort | Destin, FL
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CONTACT adavis@msbankers.com
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