VOLUME 104 • NUMBER 2 SPRING 2019
Legacy1 of Leadership 131ST ANNUAL MBA CONVENTION
M AY 1 5 - 1 9 , 2 0 1 9
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THE MISSISSIPPI
FOUNDED 1889
The official publication of the Mississippi Bankers Association Amanda Manning Markow • Editor Volume 105 • Number 2 • Spring 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 MArch Petro, Ridgeland Brad Jones, Meadville Mike Webb, Tupelo
Features MBA Women in Banking Conference ........................................ 6 7th annual conference at Jackson Convention Complex
MBA Agriculture Conference ..................................................... 8 2019 event focused on new Farm Bill
MBA Legislative Update ......................................................12-13 Recap of 2019 Regular Session
ABA Washington Summit ........................................................ 14 Mississippi Bankers meet with Congressmen, Senators
2019 MBA Convention ......................................................22-25 Annual meeting celebrates "Legacy of Leadership"
MYB Study Conference and Convention ............................26-29 New officers elected, scholarships awarded
Departments From the President ..............................................................................................................2 Around the State ............................................................................................................. 3-4 MBA Conferences & Seminars ..........................................................................................16
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 ...........................................................................................................................20 Bankers on the Move ................................................................................................... 30-32 ABA and ICBA columns ............................................................................................. 34-35 MBA Job Bank ..................................................................................................................36 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. ........................ Marc Petro, Ridgeland Vice President. .............. Zach Luke, Greenwood Treasurer .................Rebecca Barrentine, Copiah
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 SPRING 2019
1
From the President THE MISSISSIPPI BANKER
Celebrating a Legacy of Leadership By Mac Deaver, MBA President & CEO
The strength and success of the Mississippi Bankers Association is built on the tradition of service and leadership by Mississippi bankers. For 130 years, MBA members Deaver from across the state have worked together to promote the common interests of the banking industry and, in this process, have helped to expand opportunity and prosperity for their customers, communities and the state of Mississippi. When choosing a theme for the MBA Convention each year, our focus is on celebrating the accomplishments of the year and recognizing those who helped achieve them. This year's theme – “Legacy of Leadership" – pays homage to the generations of Mississippi bankers who have been the source of what makes the MBA special. At the same time, this theme recognizes the contributions of today's banking leaders who have positioned our association and industry for continued success. Webster's Dictionary offers several definitions of "legacy" – and each one makes clear that a legacy is, first and foremost, a gift. In the most general terms, a legacy is defined as "something that exists as a result of things that happened at an earlier time." Could there be better words to describe our association? I think not. The MBA is the beneficiary of a wonderful gift from past generations of Mississippi bankers. And, by our continued efforts, we can provide a legacy for the future of our industry. Perhaps no one better personifies a "Legacy of Leadership" than this year's MBA Chairman, Mary Childs. Growing up in one of Mississippi's great banking families, Mary's life and career have been dedicated to her family, her 2
bank and her community. And, in carrying forward her family's legacy, she has established her own unique legacy as the first woman elected to lead to the MBA. Mary's dedicated service as MBA Chairman has set a high standard and blazed a trail for others to follow. Under Mary's leadership, our association has made significant strides toward achieving its strategic goals. A primary author of the MBA strategic plan two years ago, Mary has been a driving force in implementing it.
With her guidance, we are moving toward a successful transition in staff leadership at the end of 2019. And throughout the past year, Mary and her husband, Cary, have been terrific ambassadors for Mississippi banking as they attended numerous national and regional events. We thank them for representing us well! At the 131st Annual MBA Convention May 15-19, Mary will preside over another great reunion of Mississippi's banking family. We look forward to having hundreds of family members in Destin for four days of education, recreation, relaxation, and fellowship on Florida's beautiful Emerald Coast. The convention schedule begins with the Welcome Reception on Wednesday, May 15, and concludes with our Farewell Dinner and Celebration on Sat-
THE MISSISSIPPI BANKER
urday night, May 18. In between, the convention trade show will be the center of activity on Wednesday and Thursday, and we will hear from an outstanding lineup of speakers in general sessions on Thursday and Friday mornings. We will hold our fourth annual silent auction to benefit the MBA Education Foundation on Thursday evening, and the convention golf tournament will be played Friday afternoon. In Saturday's business session, we will recognize bankers for their longstanding service to Mississippi banking, and the MBA membership will elect new leadership for the coming year. (See pages 22-25 for more convention details.) The 2019 convention will be bigger and better than ever, thanks to tremendous support provided by our convention sponsors. This year's "Legacy Sponsors" are Trustmark National Bank, First National Bankers Bank, The Peoples Bank of Ripley, Federal Home Loan Bank of Dallas, Stockett & Thomas Agency, and Raymond James. Special thanks to these and all convention sponsors! Of course, like any successful family reunion, the MBA Convention would not happen without the efforts of many in preparation and planning. I especially appreciate the hard work of the MBA staff over many weeks to make sure this year's convention will be extra special. Thanks to Amy, Gordon, Lori, Brooke, Sherell, Vicky, Amanda and Julie for their efforts. I encourage all of you to join us in Destin as we salute Mary Childs and celebrate the MBA's "Legacy of Leadership." If you have not already made your plans, there is still time! Just contact the association office, and the staff will be glad to provide whatever assistance you might need. We'll plan to see you there! e
Around the State THE MISSISSIPPI BANKER
Bank of Brookhaven names Massengill CEO; Moore confirmed to State Personnel Board Bank of Brookhaven has named Robb Massengill as the new chief executive officer. “Robb has been with the bank since its formation in 2000,” said Board Chairman Masengill Bill Sones. “He has been an important part of management at our bank for some time, and we are excited about his expanded role as CEO. He is not only a talented banker, but is an excellent community minded citizen, as well.” A Brookhaven native, Massengill serves on the boards of Brookhaven Public School District, King’s Daughters Medical Center Foundation, Children’s Advocacy Center and Reformed University Fellowship. He has 21 years of banking experience and is the past President of Mississippi Young Bankers.
He has a bachelor’s degree from the University of Mississippi and a master’s degree in finance from the University of Memphis. Massengill attends Faith Presbyterian Church, where he is an elder, with his wife Fran and their children, Maggie, Gracey and Robert. The Mississippi Senate has confirmed Governor Phil Bryant’s appointment of Gregory A. Moore to the Mississippi State Personnel Board to fill an unexpired term through Moore June 30, 2019 and for a five-year term beginning July 1, 2019. Moore is the chief executive officer for Community Bank of Mississippi. He oversees the daily operations of the bank and each of its subsidiary
regions located in Mississippi, Tennessee, Alabama, and Florida. He also serves as vice chairman for the Community Bancshares Board of Directors and is a member of the Community Bank Risk Management Committee. Active in the community, Moore serves on the Hartfield Academy Board of Trustees and the legislative committee for the Mississippi Bankers Association. He is a past member and treasurer of the Metro YMCA Board of Directors. Moore is also a past member of the Board of Directors for the Mississippi Council on Economic Education and Sacred Heart League. He is the past President for the Madison County American Heart Association. Moore is a graduate of Mississippi State University. He and his wife, Cheryl, live in Brandon and have two grown children. They are members of Crossgates Baptist Church.
Mississippi banks featured in ABA Banking Journal The cover story for the March/April issue of ABA Banking Journal - "Bank City USA" - is all about Tupelo and its two hometown banks, BancorpSouth and Renasant Bank. The in-depth article and a two-part podcast, written and produced by Journal Editor-in-Chief Evan Sparks, highlight the unique and successful history of the Tupelo community and the positive role these two $10-billion-plus banks have played in it. Sparks features Dan Rollins, chairman and CEO of BancorpSouth, and Mitch Waycaster, president and CEO of Renasant Bank, bank board members, Mayor Jason Shelton, and several other Tupelonians in his discussion of the city's history, its economic
development over the past century, and what they refer to as the Tupelo Spirit. The railroad, growth of manufacturing and other industries like tourism and healthcare, have been economnic drivers for the city, and the local banks have been key players in almost every aspect of development, naturally. Sparks' pieces offer not only a thoughtful look at how Tupelo has developed into a strong city, but also how crucial banks in any city or town can be to its overall success. Part 1 of the podcast focuses on Tupelo's economic story, and Part 2 looks at the unique role bank headquarters play in the city's economic performance. Find the article and the podcasts at at www.aba.com/tupelo.
MAR | APR
2019
aba.com/BankingJournal
Bank City USA
Mitch Waycaster of Renasant Bank and Dan Rollins of BancorpSouth Bank
How two large hometown banks help one small Mississippi town punch above its weight class.
ALSO ADVOCACY PRIORITIES FOR 2019 | AGENT CREDIT CARD PROGRAM | COMPLIANCE RISK MANAGEMENT | JIM REUTER
SPRING 2019
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Around the State THE MISSISSIPPI BANKER
Banks' Economic Impact in Mississippi Banks fuel Mississippi's economic growth through new home, small business and small farm loans to 4.4 million customers. They employ 17,656 people and provide more than $1.2 billion in total compensation annually. Data for 2018 unless noted.
JOBS
LOANS
JOBS Employees
Small Business Loans Outstanding $2.4 Billion CUSTOMERS
17,656
EMPLOYEES
17,656 Total Annual Compensation
New Home Loans Booked in 2017 DEPOSITS Total Value: $4.7$53.8 BillionBillion
TOTAL ANNUAL COMPENSATION
Median Total Compensation $1.2 Billion$64,791 Includes wages and benefits.
Source: Estimates based on ABA Survey Data
Banks Operating Branches:94 Branches & Offices 1,142
Number of Loans 33,507 BANKS OPERATING BRANCHES
VOLUNTEER HOURS MEDIAN TOTAL COMPENSATION 99,629
Deposits $53.8 Billion
4.4 Million
$1.2 Billion
$64,791
CUSTOMERS SERVED
CUSTOMERS SERVED Customers: 4.4 Million
94
Small Farm Loans Outstanding $1.5 BillionBRANCHES & OFFICES
LOANS SMALL BUSINESS LOANS OUTSTANDING
$2.4 Billion
1,142
A BRIGHT FUTURE FOR MISSISSIPPI BANKING Source: Estimates based on ABA Survey Data, FDIC, FDIC Branch Data
GIVING BACK
VOLUNTEER HOURS
New Home Loans Booked in 2017 TOTAL VALUE
$4.7 Billion NUMBER OF LOANS
33,507 MEDIAN LOAN SIZE
$115,000
SMALL FARM LOANS OUTSTANDING
$1.5 Billion Source: Estimates based on ABA Survey Data, HMDA
4
THE MISSISSIPPI BANKER
99,629
Source: Estimates based on ABA Survey Data
Having worked so closely with Mississippi’s young bankers for the past year, I have no doubt about the future of our industry. Our bright, energetic young bankers assure our future.
Bob Glover
Immediate Past President MS Young Bankers
Mississippi bankers serve in leadership of ABA, ICBA The bankers listed below currently serve on standing committees and councils of the American Bankers Association and the Independent Community Bankers of America. We appreciate the leadership they provide in these roles to help represent the interests of all Mississippi banks. Andy Anderson Bank of Anguilla ABA Community Bankers Council Robbie Barnes PriorityOne Bank ICBA Legislative Issues Committee Johnny Barrett FNB Oxford Bank ICBA Legislative Issues Committee Brad Bolton Community Spirit Bank ICBA Board of Directors Chairman, ICBA Bank Education Committee
Mac Deaver Mississippi Bankers Assocation ABA Advocacy & Grass Roots Committee ABA State Association Alliance Gordon Fellows Mississippi Bankers Association ABA BankPacCommittee
Chuck Nicholson Community Bancshares of Mississippi ABA Government Relations Council John Shappley First Bank, McComb ICBA ICBPAC Committee
John Hairston Hancock Whitney Bank ABA American Bankers Council
Clay Wagner Hancock Whitney Bank Chairman, ABA BankPac Committee ABA Government Relations Council
Jerry Host Trustmark National Bank ABA American Bankers Council
Alan Walters First Commercial Bank ICBA Housing Finance Committee
Henry Logue Merchants & Planters Bank ABA Community Bankers Council
Scott Woods Trustmark National Bank ABA Bank Insurance Council
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7th Annual MBA Women in Banking Conference On Tuesday, March 26, the MBA hosted a record-breaking 202 women for the seventh annual Women in Banking Conference at the Jackson Convention Complex in downtown Jackson. Committee chair Pamela Ware of Renasant Bank, presided over the day’s event, and Dorothy Anderson, manager of payments industry relations with the Federal Reserve Bank of Chicago, started the day with a presentation on “Leading Through Collaboration” and strategies for improving payment systems. She was followed by Leisha Pickering, owner of MUSEE Bath, who gave a brief background of her Madison-based business, and shared lessons learned about supporting others. Michelle Rivers, human resource division manager at Renasant Bank in Atlanta, advised attendees to find their purpose and be passionate about it; invest in people; and keep engagement strong
through a culture of communication and collaboration. During lunch, John David Williams, a florist from Hattiesburg, entertained with a floral demonstration. The day ended with non-banking specific speakers. Pam Confer, public relations consultant from Jackson, urged the attendees to “polish others, not just yourself.” And Pam Tebow, from Jacksonville, Florida, rounded out the day with a focus on showing gratitude, integrity, and compassion in all aspects of your life, and above all, to learn to be servants. “Think about the people you love the most, and make that your purpose,” she said. The conference speakers offered a mix of industry related updates and information as well as inspiring and uplifting messages, with the overarching theme of finding your purpose and living it out in all aspects of your life. e
2019 Women in Banking Conference Planning Committee • • • • • • • • •
• From top left: Pam Tebow; Leisha Pickering; Bottom, from left: Michelle Rivers, Pam Tebow, Pam Confer, Pam Ware, and Dorothy Anderson.
• • • • • • • •
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THE MISSISSIPPI BANKER
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
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SPRING 2019
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MBA Ag Conference Focuses on New Farm Bill On Tuesday, March 19, the MBA hosted the annual Agriculture Conference at the Mississippi Agriculture and Forestry Museum. There were 37 bankers in attendance. Bill Miller of Farmer Mac kicked off the conference with a few opening words, and Hue Townsend, CEO at Guaranty Bank & Trust and chair of the MBA Agriculture Committee, presided over the day. Speakers included Dr. Keith Coble and Dr. Josh Maples, both with Mississippi State University; Agriculture Commissioner Andy Gipson; and Robert Carson, state director of the USDA Farm Service Agency. Dr. Coble gave an overview of the day before Dr. Maples presented on commodity pricing and tariffs and then production budgets and costs vs. market returns. Dr.
Coble gave an in-depth look Mississippi land values and rents as well as updates on the crop insurance program. During lunch, Agriculture Commissioner Andy Gipson spoke about what he and his team have been working on including the agriculture theft division, workforce development, and how they are helping ensure high production agriculture in the state. Dr. Coble’s and Robert Carson’s afternoon presentations focused on the 2018 Farm Bill and what its implementation in Mississippi will look like. Following a final interactive question and answer session, Gordon Fellows, MBA Senior VP of Government Relations, wrapped up the conference with a legislative update. e
Top right: Hue Townsend and Comm. Andy Gipson; Bottom left: Dr. Josh Maples, Dr. Keith Coble, and Mac Deaver; Bottom right: Dr. Keith Coble addresses the bankers during his afternoon presentation on the 2018 Farm Bill.
MBA Agriculture Committee Chairman: Hue Townsend, Guaranty Bank & Trust Co., Belzoni Russell Fava, First National Bank, Clarksdale Wayne Harris, State Bank & Trust, Greenwood John Herrod, Bank of Okolona, Okolona 8
Mitchell Hill, Community Bank, Indianola Bryan Jones, BankPlus, Yazoo City Mackenzie Parker, Bank of Anguilla, Anguilla Trey Pritchard, Citizens Bank & Trust, Marks Van Ray, Bank of Yazoo, Yazoo City
THE MISSISSIPPI BANKER
Ryan Strawbridge, Planters Bank & Trust Co., Greenwood Walt Stephens, Regions Bank, Greenville Jay Tindall, Sycamore Bank, Senatobia Luther Wade, Bank of Commerce, Greenwood
SPRING 2019
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Disrupting the Norm: The Rise of Community Bank/FinTech Partnerships By Courtney Calderwood, VP Bank Sales, Bankers Healthcare Group
It’s no secret that community banks and fintechs had a bit of a rocky start. While banks have been around for centuries, in swoop the fast, cool fintechs—and they want to play in the sandbox with the banks. Initially, banks were on the defense. They saw fintechs as the competition; market disruptors; too risky; and noncompliant. But, over time, that mindset has changed; they’re now more often viewed as allies. That’s largely because many fintechs and alternative lenders have gained experience, trust, and respect in the marketplace, having refined their processes and approach. As a result, many banks today are reaping the benefits of partnerships with nontraditional lenders and fintechs. According to an industry survey, more than 80% of community banks said they want to learn more about and understand how to collaborate with a fintech . Diversification, new revenue streams, access to new industries, increased efficiencies, data—these are just some of the reasons banks are extending their hands to non-traditional lenders. Now, not all fintechs and alternative lenders are created equally; new ones pop up every day while others have been around for decades. Some run as fast as they can and learn as they go, while others function to match the quality of a traditional lender, with a close eye on compliance and regulation. How do you choose the right partner? In my opinion, there are three key factors you need to address. First, know what your bank’s goal is. For example, how much do you want to grow, by when, and in what areas? Second, how does your bank rank on the risk spectrum—is it conservative or aggressive? Third, which fintech model is the best to help you reach your goal at a risk level you’re most comfortable with? Once you’re able to answer those questions, you can search for a fintech within that 10
model that can help you meet your goals. Next, it’s time to get to work finding a fintech that can help you meet your goals. According to the 2017 ICBA Fintech Survey , 23% of respondents noted the security of bank information as their top fintech risk management concern. Rightfully so, as banks have many stakeholders to protect—your institution, depositors, shareholders, customers, business, and the Fed. In general, it’s going to require more due diligence that you’d typically perform with other vendors. Not only must banks adhere to regulatory guidance/ vendor due diligence, they also have to follow the laws, regulations, and guidance of third-party due diligence. Demand substance from prospective partners; it’s not just about the documents or answers you get from them, but it’s about their presentation. And don’t stop at paper. Talk with peers; speak with your regulators; perform online research; and make on-site visit. Finding the right partner can be long and laborious, but knowing what you want out of the relationship will help the process go faster. Disruption has its place in the financial industry, and fintechs and alternative lenders continue to disrupt the market with faster, smarter, better tools and services. But disruption should be beneficial, strategic, and rewarding. Business Insider Intelligence reported that by 2020, the market share of alternative lenders in small business lending is expected to reach 20.7%. There’s opportunity for banks. The market is going to grow at an incredible pace. Are you going to get in on it? e
1. Survey by Manatt, Phelps & Phillips, LLP 2. https://www.icba.org/docs/defaultsource/icba/icba-fintech-strategy-roadmap-(03-12-16).pdf?sfvrsn=6a0e7117_4
THE MISSISSIPPI BANKER
Bankers Healthcare Group is a leading provider of financial solutions for healthcare and other licensed professionals. Courtney Calderwood is VP, Bank Sales at BHG, covering Arkansas, Louisiana, and Mississippi. Contact Courtney directly at 315.430.3939 or courtney@ bhg-inc.com, and visit www.bankershealthcaregroup.com to learn more.
Save the Date 132nd Annual MBA Convention
May 13 - 17, 2020 Sandestin Golf & Beach Resort
Contact Amy Davis adavis@msbankers.com
90 years of banking..... and Counting!
We are proud of our heritage of leadership from Leslie Usher, Vice Chairman, 50 years in banking and Jeff McCoy, CEO, 40 years in banking.
SPRING 2019
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MBA Legislative Update THE MISSISSIPPI BANKER
2019 Legislature adjourns early; Several MBA-supported bills passed Turnover to come with 2020 Elections On Friday, March 29, the Mississippi Legislature adjourned, concluding the 2019 Regular Legislative Session. This wrapped up another successful session for the MBA as many key legislative leaders, including Lt. Governor Tate Reeves, Speaker of the House Philip Gunn, House Banking and Finance Committee Chairman Hank Zuber, and Senate Businesses and Financial Institutions Committee Chairwoman Rita Parks, and many others, worked to support the MBA through the session.
Gunn
Reeves
2697 – Sen. Rita Parks), criminal penalties for credit and debit card skimming (SB 2445 – Sen. Chad McMahan), credit rate parity (SB 2817 – Sen. Rita Parks), and allowing Appraisal Management Companies to continue to exist in Mississippi (HB 713 – Rep. Jason White). Early in the 2019 session the MBA also supported HB 1514 (Rep. Shane Aguirre) and SB 2496 (Sen. Angela Hill), legislation that would clarify that geospatial imaging products that were designed to help bankers assess risk can exist under state law. After this bill was introduced, the state surveying licensing board issued an administrative rule to clarify this issue. Following the issuance of that rule, the MBA removed its support for these bills, which later died. The Legislature also passed SB 2828 (Sen. Joey Fillingane) a significant rewrite to the state’s guardianship and conservatorship laws known as the “GAP Act.” This new law will make many changes to the laws that currently govern court-appointed-accounts. The MBA will provide educational opportunities on how this new law might impact your bank later this summer. Also of interest to bankers, the Legislature continued to address salary compression issues at the Department of Banking and Consumer Finance through the state’s budgeting process. Election Year Update
Parks
Zuber
During the session, the MBA worked to ensure passage of a number of bills that will benefit banks. One of the most significant bills passed this session, SB 2901 (Sen. Josh Harkins), will make considerable changes to the state’s premises liability laws. The MBA has long supported similar legislation, which should have a positive impact for all types of businesses, including banks and bank customers, by reducing insurance and litigation costs. The MBA also worked to ensure passage of a number of technical bills addressing various issues including real estate appraiser licensing requirements (SB 12
THE MISSISSIPPI BANKER
Adjournment of the 2019 session also concludes the 2015-2019 Legislative term. Over the last four years, the Mississippi Legislature enacted a number of MBA-supported bills. Perhaps the most significant of these, the Tax Payer Pay Raise Act of 2016, accomplished the long-time goal of eliminating the corporate franchise tax. Though enacted in 2016, the phase-out of the corporate franchise tax began in the 2018 tax year, and will continue for a number of years. As this 4-year term is now concluded, candidates for each legislative district and statewide offices will stand for election in 2019, and this election cycle will bring unprecedented turnover across the state. In total, 13 House Members and 12 Senators - many of whom have long supported the banking industry - recently announced their retirements. This group of retiring legislators has a combined 483 years of legislative experience, and the experience level will be greatly reduced when the new Legislature convenes in January 2020. As the 2019 campaign cycle begins, MissBankPAC, the political action commit-
MBA Legislative Update THE MISSISSIPPI BANKER
tee of the MBA, is working to identify and support pro-banking candidates. If you have any comments about legislative candidates in your area, or if you have any questions about any legislation passed over the last four years, please contact MBA senior vice president of government relations and MissBankPAC Treasurer Gordon Fellows at gfellows@msbankers.com or by calling the MBA office (601) 948-6366. e
BIPEC Board Meeting
The Mississippi banking industry was well represented at the March 7 board meeting of the Business & Industry Political Education Committee (BIPEC). Attending in Jackson were (left to right) Bill Sones, Bank of Brookhaven; Jeff Lacey, First State Bank, Waynesboro; Clay Wagner, Hancock Whitney Bank; and Mac Deaver, MBA president.
Gordon Fellows joins ABA BankPac Committee
Gordon Fellows, MBA Senior Vice President for Government Relations, has been appointed to the American Bankers Association BankPac Committee. Fellows was chosen by the ABA leadership to serve on the committee, which includes bankers from around the country and Fellows representatives of state bankers associations. The committee leads fundraising efforts for the ABA-sponsored political action committee and works with state associations in making decisions of support in U.S. Senate and Congressional elections. Fellows joins Clay Wagner of Hancock Whitney Bank, chairman of ABA BankPac, as the second Mississippian serving on the committee. In his role at the MBA, Fellows manages the association's government relations program and serves as Treasurer of MissBankPAC, the MBA-sponsored political action committee. As a senior staff officer, he is involved in all aspects of the MBA as a member of the association's management team. Additionally, he is a member of the Executive Council of Mississippi Young Bankers and serves on the faculty of the Mississippi School of Banking. e
Thank you to the Mississippi Bankers and the Mississippi Bankers Association for your help with the survey bill. -Vizaline, LLC SPRING 2019
13
ABA Washington Summit, Emerging Leaders Forum Mississippi bankers attended the annual ABA Summit in Washington, D.C., on April 1-3. They heard from an impressive lineup of speakers including Rep. Maxine Waters (DCalifornia), Chairwoman, House Financial Services Committee; Kevin Hassett, Chairman, Council of Economic Advisors; and Senator Mike Crapo (R-Idaho), Chairman, Senate Banking, Housing and Urban Affairs Committee. Bankers also met with members of the Mississippi Congressional Delegation including Senator Roger Wicker, and Congressmen Trent Kelly, Bennie Thompson, and Michael Guest as well staff for Senator Cindy Hyde-Smith and Congressman Steven Palazzo. Several bankers particpated in the ABA Emerging Young Leaders Forum, which was lead by Bob Glover, immediate past MYB president. e
Top right: MBA members after their meeting with Congressman Michael Guest; Middle left: Mississippi bankers met with Senator Roger Wicker; Middle right: Check presentation from MissBankPAC to ABA BankPac. Clay Wagner, ABA BankPac Chairman; Laura Salameh, ABA BankPac Manager; MissBankPAC Chairman Chuck Nicholson; and Gordon Fellows, Treasurer of MissBankPAC and ABA BankPac Board Member. Bottom left: During the ABA Summit, MBA members met with Congressman Trent Kelly. Right: Emerging Leaders Forum participants with speaker Captain Florant Groberg, recipient of the Medal of Honor. 14
THE MISSISSIPPI BANKER
in•no•va•tive adjective 1. (of a product, idea, etc.) featuring new methods; advanced and original. • (of a person) introducing new ideas; original and creative in thinking. • (of a company)
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SPRING 2019
15
2019 MBA EDUCATIONAL EVENTS
MBA Professional Development Aug 14-15
IRA School Grantham Poole CPA offices, Ridgeland
Sep 8-11
MBA Washington Visit Washington, D.C.
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
VISIT MSBANKERS.COM FOR MORE INFORMATION
Congratulations
MARC PETRO FOR BEING APPOINTED AS
THE MISSISSIPPI 2019-2020 PRESIDENT
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THE MISSISSIPPI BANKER
SPRING 2019
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MBA Officers and Board of Directors 2018-19 CHAIRMAN
VICE CHAIRMAN
TREASURER
Mary Childs
Greg McKee
Andy Anderson
The Peoples Bank Ripley
The Citizens Bank of Philadelphia Philadelphia
Bank of Anguilla Anguilla
Jerry Host
Trustmark Bank Jackson
Mark Tapp
Farmers & Merchants Bank Baldwyn
Jeff McCoy
Frank Sibley
Chuck Nicholson
Citizens Bank & Trust Co. Community Bancshares Marks Brandon
Great Southern Bank Meridian
Steve Gresham
Alan Hargett
Gee Gee Patridge
BancorpSouth Tupelo
First Choice Bank Pontotoc
Danny Whalen
Eddie Hammond
Allen Breland
Bank of Holly Springs Planters Bank & Trust Co. Cleveland State Bank Holly Springs Indianola Cleveland
Robbie Barnes
PriorityOne Bank Magee
Shane Clayton
Dan Rollins
BankPlus Ridgeland
Shannon Aker
Bank of Brookhaven Brookhaven
Bank of Winona Winona
Mike Ellard
United Mississippi Bank Natchez
Bank of Forest Forest
John Hairston
Hancock Whitney Bank Gulfport
MBA EXECUTIVE COMMITTEE
Marc Petro
Community Bank Ridgeland
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Brad Jones
Bank of Franklin Meadville
THE MISSISSIPPI BANKER
Mike Webb
Community Bank Tupelo
Mary Childs, Ripley Greg McKee, Philadelphia Andy Anderson, Anguilla Jerry Host, Jackson Steve Gresham, Holly Springs Eddie Hammond, Tupelo Mac Deaver, Jackson
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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) Monday, May 6 Introduction to Consumer Lending 1:30 p.m. Tuesday, May 7 Equipment Lease Financing 10 a.m. New Federal Overtime Regulations-What You Need to Know 1:30 p.m. Wednesday, May 8 Lessons Learned-Recent Lending Compliance Enforcement Actions 10 a.m. Lending 101 1:30 p.m. Thursday, May 9 Bank Call Report Preparation for Beginners-Part 1 of 5 10 a.m. BSA: CIP and CDD 1:30 p.m. Friday, May 10 Introduction to ACH: The Basics 10 a.m. Monday, May 13 Advanced Commercial Loan Documentation 1:30 p.m. Tuesday, May 14 OFAC: Can We Comply? 10 a.m. Customer Service vs. Customer Experience 1:30 p.m. Wednesday, May 15 Handling Loan Applications-What Can Go Wrong? 1:30 p.m.
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THE MISSISSIPPI BANKER
Thursday, May 16 Bank Call Report Preparation for Beginners-Part 2 of 5 10 a.m.
Friday, May 17
Call Reports: RC-C Loan Coding and Related RC-R Reporting't 10 a.m.
MYB Banker Brick Program Building the Future of Mississippi Banking
Thank you to MBA member banks that are MYB Banker Brick Sponsors for 2019. These sponsorships support a full year of MYB activities and initiatives. Banks interested in joining the Banker Brick Program should contact Brooke McCoy, Marketing Manager, at bmccoy@msbankers.com or 601.948.6366.
Platinum Sponsors
Gold Sponsors
Silver Sponsors Bank of Brookhaven Bank of Commerce Bank of Forest Bank of Holly Springs
BankPlus Cleveland State Bank First Choice Bank First Commercial Bank
FNBB Guaranty Bank & Trust Company The Peoples Bank, Biloxi
Bronze Sponsors Bank of Franklin Concordia Bank First Security Bank First State Bank, Waynesboro Farmers and Merchants Bank
Great Southern Bank Merchants and Farmers Bank Planters Bank & Trust Company PriorityOne Bank Sycamore Bank
Legacy1 of Leadership
2018-2019 MBA OFFICERS CHAIRMAN
VICE CHAIRMAN
TREASURER
Greg McKee
Andy Anderson
Mary Childs
The Peoples Bank Ripley
Bank of Anguilla Anguilla
The Citizens Bank Philadephia
SPEAKERS
Dr. Lacy Hunt
EVP, Hoisington Investment Management; Former Senior Economist, Federal Reserve Bank of Dallas
Adam Thompson
Ari Schonbrun
Former CAO, Cantor Fitzgerald & Co; 9/11 Survivor and Author
Yenu Wodajo
Jeffrey Szyperski
ABA Chairman 2018-2019; Chairman, President & CEO, Chesapeake Bank, Kilmarnock, Va.
Timothy Zimmerman
Regional Director, StrategyCorps; Cyber, Media, Intellectual Property Immediate Past Chairman, ICBA; Expert; Broker, Willis CEO, Standard Bank, Checking Program Towers Watson Monroeville, Pa. Innovation Expert 22
THE MISSISSIPPI BANKER
Pete Blohme
"Panini Pete"; Restaurateur & Food Network Regular
131ST ANNUAL MBA CONVENTION
M AY 1 5 - 1 9 , 2 0 1 9 SANDESTIN GOLF & BEACH RESORT
CONVENTION SCHEDULE WEDNESDAY, MAY 15 Registration Desk Open.................................................................................................................................................................................................2:30 – 8 p.m. Welcome Reception sponsored by FHLB Dallas..........................................................................................................................................6 – 8 p.m. Trade Show.........................................................................................................................................................................................................................................6 – 8 p.m.
THURSDAY, MAY 16 Sunrise Devotional..........................................................................................................................................................................................................................7:15 a.m. Registration Desk Open..............................................................................................................................................................................7:30 a.m. – 2:30 p.m. Continental Breakfast................................................................................................................................................................................................7:30 – 8:30 a.m. Trade Show...................................................................................................................................................................................................................................7:30 – 9 a.m. General Session........................................................................................................................................................................................................................9 – 12 noon Lunch Buffet in Trade Show.....................................................................................................................................................................12 noon – 1:30 p.m. Trade Show........................................................................................................................................................................................................................12 noon – 3 p.m. Trustmark National Bank Party.........................................................................................................................................................................................6 – 7 p.m. Silent Auction for MBA Education Foundation........................................................................................................................................6 – 7:30 p.m.
FRIDAY, MAY 17 Sunrise Devotional .........................................................................................................................................................................................................................7:15 a.m. Registration Desk Open...............................................................................................................................................................................7:30 a.m. – 12 noon FHLB Dallas Breakfast (Bankers Only)..........................................................................................................................................................................7:30 a.m. Continental Breakfast................................................................................................................................................................................................7:30 – 8:30 a.m. General Session....................................................................................................................................................................................................................8:30 – 11 a.m. Grand Prize Giveaways ................................................................................................................................................................................................................11 a.m. Golf Tournament sponsored by Stockett & Thomas................................................................................................12 noon Shotgun Start FNBB/FNBB Capital Markets Cocktail Party.........................................................................................................................................6:30 – 7:30 p.m. .
SATURDAY, MAY 18 Sunrise Devotional...........................................................................................................................................................................................................................7:15 a.m. Registration Desk Open............................................................................................................................................................................7:30 a.m. – 11:30 a.m. Continental Breakfast................................................................................................................................................................................................7:30 – 8:30 a.m. GSB at LSU Breakfast (Graduates Only)....................................................................................................................................................................7:30 a.m. Business Session.............................................................................................................................................................................................................8:30 – 11:30 a.m. Spouse Program & Brunch....................................................................................................................................................................................................9:00 a.m. Farewell Celebration & Dinner................................................................................................................................................................................................7 p.m. SPRING 2019
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Legacy1 of Leadership
2019 EVENT HIGHLIGHTS A Very "Mary" Trade Show WED. MAY 15 6:00 - 8:00 p.m.
THURS. MAY 16 7:30 - 9:30 a.m. 12 noon - 3:00 p.m.
• It's Christmas at the beach! Bring your punch card and visit each booth to enter your name for Friday's Grand Prize Giveaways! • Join us for the delicious convention-wide buffet lunch featured during the Trade Show on Thursday from 12 to 1:30 p.m.!!
Golf Tournament Friday, May 17 12 p.m. Shotgun Start • Team information available in golfers' packets • Boxed lunches in carts begin at 11 a.m.
Sponsored by:
Spouse Program and Brunch Saturday, May 18
9:00 a.m.
Come enjoy a tasty brunch and hear from Pete Blohme, aka "Panini Pete!" Culinary Institue of America alum, restaurateur, and more. He's sure to entertain! 24
THE MISSISSIPPI BANKER
131ST ANNUAL MBA CONVENTION
M AY 1 5 - 1 9 , 2 0 1 9 SANDESTIN GOLF & BEACH RESORT
2019 EVENT HIGHLIGHTS Farewell Celebration & Dinner Saturday, May 18
7:00 p.m.
Don't miss our closing celebration! We'll honor Mary Childs as she passes the gavel to Greg McKee for the coming year, and toast to the MBA's Legacy of Leadership!
Attire • Men: Sports coats and open collar shirts • Women: Dressy casual
Special Thanks To Our Legacy Sponsors
SPRING 2019
25
GET TO THE POINT
2019 MISSI
MYB Annual Convention draws over 400 “Get to the Point” was the theme of the 2019 Mississippi Young Bankers Study Conference and Convention held March 9-13. Over 400 bankers and guests attended the annual meeting at Marriott’s Grand Hotel in Point Clear, Alabama. MYB President Bob Glover of The Peoples Bank, Ripley, presided over the convention, which concluded another successful year for the young bankers section. The convention featured two days of programs devoted to leadership, as well as a full schedule of activities designed to promote fellowship among the bankers and their families in attendance. During the convention, new MYB officers and Executive Council were elected and scholarships were awarded by the MYB and the Mississippi Bankers Association Education Foundation. MYB Vice President Marc Petro of Community Bank, presided over the convention’s opening general session on Sunday morning. MBA Chair Mary Childs, CEO of The Peoples Bank, Ripley, was the first speaker, welcoming
everyone to the convention and giving a 2018-2019 update on the MBA. Sarah Thomas shared her story of becoming the first female referee in the NFL and the boundaries she’s had to both set and move past in her journey. A banker panel featuring Andy Anderson, CEO, Bank of Anguilla; Brad Jones, CEO, Bank of Franklin, Meadville; Barry Prather, COO, Community Bank, Brandon; and Robin Sanderson, COO, Citizens Bank, Columbia, completed the morning’s session. Petro facilitated the panel discussion and helped field questions from the attendees. MYB Treasurer Zach Luke of Bank of Commerce, Greenwood, presided over Monday’s general session which began with a presentation by Orrin Edwards, Senior Vice President, Raymond James Financial, followed by a business session. Col. Arthur Athens, USMCC (Retired) concluded the morning with his presentation on leadership. e
Top right: Bob Glover passes the gavel on to 2019-2020 MYB President Marc Petro. Middle right: Zach Luke, Bob Glover and Marc Petro thank the MYB council members completing their terms of service at the 2019 Convention. Bottom left: The banker panel on Sunday, March 10, included Andy Anderson, CEO of Bank of Anguilla; Brad Jones, CEO of Bank of Franklin; Barry Prather, COO of Community Bank; and Robin Sanderson, COO of Citizens Bank. Bottom right: Speakers for the convention, (clockwise from top left) Sarah Thomas, Col. Arthur Athens, Mary Childs and John Jordan. 26
THE MISSISSIPPI BANKER
ISSIPPI YOUNG BANKERS CONVENTION Young Bankers elect new leadership for 2019-2020 During 2019 Mississippi Young Bankers Convention, the MYB membership elected bankers to lead the section in 2019-2020 as officers and members of the Executive Council. Marc Petro, president of Hinds/ Madison division of Community Bank, was elected MYB President for the coming year. He succeeds Bob Glover of The Peoples Bank, Ripley, who concluded his term as President during the convention. Also elected as officers for the 2019-2020 term were Zach Luke, chief financial officer of Bank of Commerce, Greenwood, who was elected Vice President, and Rebecca Barrentine, senior vice president and chief information officer of Copiah Bank, Hazlehurst,
who was chosen to serve as Treasurer. Five bankers were elected to serve two-year terms on the MYB Executive Council: Lucius Brock, Renasant Bank, Oxford (Group 2); Chris Estrade, Hancock Whitney Bank, Gulfport (Group 8); Chase Frazure, BankFirst, Columbus (Group 4); Mackenzie Parker, Bank of Anguilla, Anguilla (Group 6); and Chris Roberts, BankPlus, Ridgeland (At-Large). The newly elected bankers join the following returning members of the MYB Council: Drew Kenna of Bank of Forest, Forest (At-Large); Amanda Estrade, of The Peoples Bank, Biloxi (At-Large); Brooks Corder of First Choice Bank, Pontotoc (Group 1);
Eric Miller, Planters Bank & Trust, Greenwood (Group 3); Craig Espey, First State Bank, Meridian (Group 5); Wayne McKenzie, Bank of Brookhaven, Brookhaven, (Group 7); Dr. Ken Cyree, Frank Day/MBA Chair of Banking, Oxford; and Gordon Fellows, Mississippi Bankers Association, Jackson. Gage Walker, of Renasant Bank, Brandon, rejoins the council as an At-Large member, after his appointment by MYB President Marc Petro. Bob Glover will continue to serve on the Council as Immediate Past President. Wes Rouse, of The First, Hattiesburg will complete his Council service this year as the Retiring President. e
Members of the 2019-2020 Mississippi Young Bankers Council attending the Annual MYB Convention were (from back left): Brooks Corder, Pontotoc; Lucius Brock, Oxford; Chase Frazure, Columbus; Craig Espey, Meridian; Chris Estrade, Gulfport; Wayne McKenzie, Brookhaven; Chris Roberts, Ridgeland; Amanda Estrade, Biloxi; front, left to right: Bob Glover, Ripley; Rebecca Barrentine, Hazlehurst; Marc Petro, Ridgeland; Zach Luke, Greenwood; Wes Rouse, Hattiesburg; and Drew Kenna, Forest. Not pictured: Ken Cyree, Gordon Fellows, Eric Miller, and Gage Walker. SPRING 2019
27
GET TO THE POINT
2019 MISSI
Swayze Scholar and Finalists recognized; Merit Scholarship awarded at MYB Convention MYB joined the MBA Education Foundation in presenting two scholarship awards at the recent 2018 MYB Convention. Gage Walker, chairman of the MYB Scholarship Committee, announced Jimmie Bouchillon Webb of Mississippi State University as the 2019 Swayze Scholar, emblematic of the top college senior studying banking and finance in Mississippi. Webb received the Swayze medallion along with a $5,000 cash award from the Education Foundation. Walker also recognized four Swayze finalists: Aidan Woods Caesar of the University of Mississippi; John Paul Haire, III, of the University of Southern Mississippi; Alexander Lee Robison of the University of Mississippi; and Sabrina Marie Turner of Mississippi State University. Each finalist received a cash award of $1,500. Kaelon McNeece, son of Chris McNeece of Trustmark National Bank in Pearl, received the 2019 annual Merit Scholarship. Kaelon is a senior at the Mississippi School for Mathematics and Science and is actively involved in multiple honors clubs, student government, and the local animal shelter. He has a 3.95 GPA and scored 35 on his ACT. Kaelon received a cash award of $1,500. e
Top: Swayze finalists, L to R: Aidan Woods Caesar, University of Mississippi; Alexander Lee Robison, University of Mississippi; Jimmie Bouchillon Webb (Swayze Scholar), Mississippi State University; Sabrina Marie Turner, University of Mississippi; and John Paul Haire, III, University of Southern Mississippi. Bottom left: Merit Scholar Kaelon McNeece with father Chris McNeece, Trustmark National Bank. Bottom right: Swayze Scholar Jimmie Webb with Dr. Alvaro Taboada, Mississippi State University. 28
THE MISSISSIPPI BANKER
ISSIPPI YOUNG BANKERS CONVENTION 2019 MYB Convention Photos
SPRING 2019
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Bankers on the Move THE MISSISSIPPI BANKER
Bank of Forest
BNA Bank
Community Bank
Steve Gibson has joined the bank as senior vice president. Gibson has 12 years of banking experience and will be overseeing the Walnut Grove office. He is a graduate Gibson of Mississippi State University with a Bachelor of Science degree in Forestry, the Mississippi School of Banking at the University of Mississippi, and the Graduate School of Banking at Louisiana State University.
Mike Alef has been named president of BNA Insurance and In ve s t m e n t s . A l e f joined the bank in 2001 as vice president and started BNA Insurance and Invest- Alef ments. He is licensed as a GSR and holds a series 7 designation.
Jason Morehouse has joined the Panama City Beach office as senior vice president of commercial lending Morehouse is a graduate of Troy State University with a Bach- Morehouse elor of Science and a graduate of Wake Forest University BB&T Banking School.
Lee McDill has been promoted to assistant vice president. He has been with the bank since 2015. McDill received his Bachelor of Business Administration McDill degree from Mississippi State University and has completed the Mississippi School of Banking at the University of Mississippi. Brady Power has been promoted to the position of loan officer. He joined the bank in 2017 after earning a Bachelor of Accountancy Degree from Mississippi State University.
Power
Robert Savell has joined the bank as Information Technology Officer. Savell has over 10 years of banking experience, as well as 4 years in Savell the education field. He earned a Bachelor of Business Administration and a Master of Science in Instructional Technology from Mississippi State University. 30
CB&S Bank Clay Stringer has joined as a financial advisor for its subsidiary CB&S Financial Services and will serve the North and Central Mississippi area. Stringer has 7 years Stringer of experience in the financial services industry and over 17 years of experience in education.
The Citizens Bank, Philadelphia Daniel Webb has been promoted to assistant vice president and loan officer. He joined the bank in 2015 as a credit analyst. He is a graduate of Mississippi State University and the Mississippi School of Banking.
Webb
Community Bank Mitchell Hill has been named President of Indianola. He has been in banking for 13 years and is a graduate of Mississippi State University, the Mississippi Hill School of Banking, and the Graduate School of Banking at Louisiana State University.
THE MISSISSIPPI BANKER
Mica Stevens has joined Community Bank’s Mortgage Department in Laurel as a mortgage loan originator. Stevens has previously been a top producing multi-million Stevens dollar Realtor in the Laurel/Jones County area for 13 years.
The First Brian Aehnlich has been promoted to Senior Vice President, Specialized Lending for The First, A National Banking Association located in Hattiesburg. Aehnlich Aehnlich is a graduate of Auburn University-Montgomery and started his 33-years in banking in Montgomery. Chase Blankenship has been promoted to Forrest/Lamar County Market President. Blankenship earned his BBA from Mississippi State University, MBA from the UniBlankenship versity of Southern Mississippi and is currently attending the Graduate School of Banking at LSU (Class of 2020).
Bankers on the Move THE MISSISSIPPI BANKER
The First
Peoples Bank, Mendenhall
Peoples Bank, Mendenhall
Eric Waldron has been promoted to Mississippi Region President. He is the former Northern Region President for the bank. He is a graduate of the University Waldron of Southern Mississippi and the Graduate School of Banking at Louisiana State University.
R h o n d a We l c h has been promoted to Assistant Vice President. Welch joined the bank in 1998. During her 21-year tenure at the bank, she has served in multiple Welch roles. She has completed the Mississippi School of Banking in 2006 and, the Southeastern School of Consumer Credit in 2013.
Ashley Wester has been promoted to Marketing Officer. Prior to being named Marketing Officer, she served as a graphic designer and social media coordinator. She has been with the bank since 2010 and is a graduate of Hinds Community College and completed the Simpson County Leadership Program.
Guaranty Bank Wendy Lester has joined the bank as Branch Manager in the Senatobia office. Lester is a graduate of Hinds Community College and Mississippi State University. She also Lester completed the Banking and Leadership Academy conducted by Regions Bank, where she most recently served as Branch Manager in Senatobia
Origin Bank Savana Skelton has joined the company as a mortgage loan officer for the bank’s home lending division in Mississippi. Skelton has 10 years of mortgage experience and is Skelton a graduate of Mississippi State University and the 2019 Leadership Rankin program.
Peoples Bank, Mendenhall Linda Lowe has been named SBA Credit Officer. Lowe joined Peoples Bank in 2014 and has served in the bank's Small Business Administration loan department Lowe for the past five years, serving as an SBA Lending Specialist.
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Courtney Calderwood courtney@bhg-inc.com 315.430.3919 SPRING 2019
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Planters Bank Elyssa Howell has joined the bank as a Universal Banker. Howell is a graduate of the University of Mississippi. She was awarded the University of Mississippi’s Trailblazer Award for Leadership.
Howell
Carson Phillips has joined the bank as a universal banker. Phillips is a native of DeSoto County and is a graduate of the University of Mississippi. He attends Phillips Hope Community Church in Olive Branch. Jack Talbert has joined the bank as First Vice President for the Southaven branch. Talbert has held executive lending roles in Desoto County since 2004 and served Talbert as Vice President and Senior Vice President at two other local financial institutions.
Trustmark Chuck Alderman has been named vice president at theTupelo office. Having been in commercial banking for over 20 years, he is a graduate of Mississippi State Univer- Alderman sity, The Southeastern School of Commercial Lending at the Owen School of Management at Vanderbilt University and The Southwestern Graduate School of Banking at Southern Methodist University. 32
Trustmark
Southern Bancorp
Matt McCraw has been named senior vice president at its Oxford office. McCraw has 20 years of banking and commercial lending experience. He is a gradu- McCraw ate of the University of Mississippi and the Graduate School of Banking at Louisiana State University.
Janie Ginocchio has been hired as the new director of public policy and advocacy. She will advocate for public policies in Arkansas, Mississippi and at the federal Ginocchio level. She is a graduate of Georgetown University an the University of Arkansas-Little Rock.
Ryan Reeves has joined the bank as Vice President and Small Business Administration Development Officer. Reeves is a graduate of East C e n t r a l C o m m u - Reeves nity College, Mississippi State University and the Mississippi School of Banking.
Vernon Greenlee has been promoted to regional president, a role through which he will help manage operations throughout the region and grow Southern's lending Greenlee footprint in Mississippi. Greenlee has over 40 years of experience in the financial industry a and is a graduate of Mississippi State University and the Mississippi School of Banking.
Southern Bancorp Jason Giachelli has been promoted to city president in Greenville. Giachelli began his financial career at Southern in 2007. He is a graduate of Mississippi School of Bank- Giachelli ing, the Commercial Lending School in Little Rock, the Southeastern School of Commercial Lending at Vanderbilt University and the Graduate School of Banking at LSU.
THE MISSISSIPPI BANKER
Please submit banker promotions, new hire information and photos to: editor@msbankers. com
ADVERTISE WITH US
Banker THE MISSISSIPPI
WINTER 2019
VOLUME 104 • NUMBER 1
in The Mississippi Banker Magazine and more Download our Media Kit msbankers.com or contact Brooke McCoy at 601-948-6366
bmccoy@msbankers.com
SPRING 2019
33
American Bankers Association THE MISSISSIPPI BANKER
Diversifying Our Most Important Asset By Rob Nichols, President and CEO, American Bankers Association
They say you can’t improve what you don’t measure. That is why ABA has established a dashboard that shows the gender, ethnic and generational breakdown Nichols of our workforce, from the customer service operators to the C-suite. This snapshot is a critical first step in a self-assessment of progress towards our goal to be the kind of diverse, equitable and inclusive workplace that attracts and retains the best talent. It shows where we are and where we have room to improve; for example, it shows our staff is 39 percent non-white, 37 percent Gen X and that 45 percent of SVPs and up are women. We want top talent for the same reason banks—many of whom have landed on “great place to work” lists, as ABA did last year—do: Because it helps us succeed. And there’s no denying that success is boosted by a diverse workforce. I appointed a staff task force in 2017 to explore how ABA can enhance our own approach to diversity and inclusion, and the group’s report made a strong business case for taking our efforts to the next level. Consider that 43 percent of millennials—now our largest generation—is nonwhite, and that the U.S. is projected to not have a single racial or ethnic majority by 2055. That alone tells you that if you don’t have a diverse workforce in the fairly near future, you won’t have a workforce. Studies have also shown that companies with greater gender and ethnic diversity are more likely to outperform those with less. But the most important case for diversity is simple: Ensuring your institution’s employees and leaders reflect the communities they serve—and treating all employees equitably, making them feel included—is the right thing to do. Banking leaders have told me they wholeheartedly agree, and some are 34
further along in their DE&I efforts than others. Some, for example, have landed on Forbes’ Best Employers for Diversity list, while others, including those operating far from diversity-rich cities, are still grappling with attracting diverse talent. Remember, though, that workplace diversity isn’t just about color; it’s about ensuring you have a range of perspectives and experiences informing your decisions. That can come from anyone whose background is different
"Ensuring your institution’s employees and leaders reflect the communities they serve—and treating all employees equitably, making them feel included—is the right thing to do." from yours. Think gender, age, military service, disabilities, sexual orientation, religion, socioeconomic status, etc. The good news is banks don’t have to figure all this out on their own. There also are a host of organizations that are eager to share their insights to help you get it right, and ABA offers training, conferences and resources in this space— all cataloged at aba.com/Diversity. In addition, the Offices of Minority and Women Inclusion at the eight financial regulatory agencies held a summit last fall where banks and others who are further down the path towards a model DE&I workplace shared best practices related to employment and procurement practices. The ideas exchanged ranged from participating on the boards of colleges, utilizing minority and women owned recruiting firms and offering internships and mentoring to students at local lowincome, minority-majority high schools. Similar suggestions were included in testimony during the first hearing, held
THE MISSISSIPPI BANKER
in February, of the new House Financial Services Diversity & Inclusion subcommittee—a panel whose very existence is a testament to the social, commercial and economic importance of this issue. Carla Harris, vice chair of wealth management at Morgan Stanley and a popular speaker on issues related to diversity and inclusion, offered her own advice at ABA’s 2018 Annual Convention in New York. Among her suggestions: • Most fundamentally, check your unconscious bias; we all have it, and we can all benefit from training on how to spot it. • Make sure you lead in an inclusive way, soliciting views from all and making employees feel valued, seen and heard. If your staff is not feeling this way, you’ll likely be challenged in both retaining and attracting more diverse talent. • Be fair in your distribution of assignments so everyone has a chance to grow and no one is at a deficit when the next promotional opportunity arises. • Be intentional about making sure staff have the right sponsors, who have a far greater impact on advancement than mentors. • Finally, remember the pace at which our environment and competitive landscape is changing and take a step today—even if it’s pressing pause before you fill your next job opening—towards ensuring you’ll emerge as an employer of choice tomorrow. Nothing will influence your bank’s future success more than the women and men who run it day-to-day. I would add my encouragement that you set up your own human capital dashboard. We all have a sense of where we’d like our institutions to be two, three, five years from now. But whether our goals are financial, business or diversity in nature, we won’t know how close we are to reaching them if we don’t measure our progress. e Fo r m o r e i n f o r m a t i o n , v i s i t aba.com/Diversity.
Independent Community Bankers Association THE MISSISSIPPI BANKER
From the Top
By Preston Kennedy, ICBA Chairman, President and CEO of Zachary Bancshares Inc., Zachary, La.
Community banks ask for nothing but a level playing field on which to compete. In a fair fight, we like our chances. As I became the new ICBA chairman at ICBA LIVE in Nashville, Tenn., Kennedy last month, I shared a personal story about how my bank came together in the face of a challenge and succeeded by demonstrating our value. When one of our oldest small-business customers said they would be moving to a larger financial institution, I promised to personally lead the transfer if we couldn’t prove we were their best possible financial partner. We had two weeks to prepare our pitch. Turns out, the answer was right in front of my face. The logo for our bank is four identical designs that come together to form one image. I came to recognize that these four panes represent our constituent groups: customers, employees, shareholders and community. Just as these four panes must be equal and balanced to form our logo, our com-
mitment to these groups defines what it means to be a community bank. We had to demonstrate our ability to meet the financial needs of this customer, the expertise and vision of employees and leadership, our recognition as a leading corporate citizen, and the reasonable return we provide our shareholders.
“Community banks ask for nothing but a level playing field on which to compete. In a fair fight, we like our chances.” In the process, we articulated our formula for successful community banking and began to publicly hold ourselves accountable to each of our constituent groups—on our website, in our marketing material, even on the walls of our branches. And during our meeting with the longtime customer who had one foot out the door, we showed that our shared vision could best be realized through our mutually satisfying relationship. We held on to that customer, and they
are still our customer to this day. But if they had walked away, it would not have changed who we are. We are an independent community bank. We balance the needs of our customers, employees, shareholders and community at large. As community bankers and members of ICBA, we all instinctively and intrinsically understand the value of a community bank relationship. For nearly a century, ICBA has fought to protect our franchise value and advance the community bank business model, to create and promote an environment where community banks can flourish. This is the business we have chosen. And as we continue to fight to preserve the community banking model, to keep our reputations clean and to exert our influence in Washington, I like our chances. My Top Three I got to thinking about my all-time favorite bands while in Music City. 1. Bruce Springsteen and the E Street Band 2. Dire Straits 3. Cowboy Junkies e
MISSISSIPPI School of Banking
AUGUST 2-8, 2020
OXFORD, MS
SAVE THE DATE SPRING 2019
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MBA Job Bank THE MISSISSIPPI BANKER
The Mississippi Banker JOB BANK DOWNLOAD A JOB BANK FORM at msbankers.com CONTACT amarkow@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. 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. Lending Administrator: Merchants and Planters Bank is seeking to hire a new team member to be the lead person in handling day-to-day operations in their Loan Administration department. Experience in loan operations, review, or lending is preferred. Please send resumes to bshuff@mpbank.net. Marketing Administrative Assis36
tant: State Bank & Trust Company is seeking a Marketing Administrative Assistant to serve as Administrator for the bank’s Marketing Committee, the employee recognition and customer acquisition program, Most Valuable Performers (MVP) and to provide support to Treasury Management. The Marketing Administrative Assistant will assist in the implementation of any marketing ideas, plans or strategies the bank or Marketing Committee may authorize. This will require working with various forms of media including print and electronic (social media) as well as working with internal and external groups to accomplish these duties. They will also perform duties associated with the MVP program which consist of training existing and new employees on the use of the system as well as promote MVP on a regular basis. This candidate must have 2 to 5 years in bank marketing or acceptable experience with knowledge of bank deposit products and must have team leadership experience. Undergraduate degree in Marketing is preferred. This position will also require periodic travel. Please apply online at www. statebank1898.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.
THE MISSISSIPPI BANKER
Please visit www.trustmark.com/ careers to apply. 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.
2019 MBA Bank Directory 2019
SIPPI MISSIS RECTORY BANK DI
ation of
Official Public
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Order at msbankers.com/ msbankdirectory Provides up-to-date information on Mississippi’s banks, government officials, state and federal regulatory agencies and other industry trade associations. Includes a listing of MBA Affiliates offering products and services to Mississippi banks. In addition to the printed version, the 2019 directory will be available in digital form - via online subscription or flash drive.
ACHIEVEMENT THROUGH TEAMWORK Thank you to the many MBA members who stepped up this year and volunteered to do the important jobs of this association. In doing so we are successfully progressing through our leadership transition which will be accomplished at the end of this year and marked a number of legislative achievements. I have enjoyed every day of the past year as your first female chairman and appreciate the confidence you put in me. Thank you very much!
Mary M. Childs
CELEBRATING 40 YEARS
Regina Morton and Carolyn Street are celebrating their 40th anniversary with The Peoples Bank of Ripley. When asked “Are you a Peoples person?� they are the personification of that question.
Regina is Vice President & Information Services Manager Carolyn is Assistant Vice President, Human Relations Specialist & IRA Officer
Carolyn
Regina
Please join all of the team at The Peoples Bank of Ripley in celebrating this achievement with them. SPRING 2019
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