The Mississippi Banker - Jan Feb 2018

Banker THE MISSISSIPPI

JANUARY/FEBRUARY 2018 VOLUME 102 • NUMBER 4

In this issue: • State Legislature convenes 2018 regular session • Plans for Mississippi Young Bankers Convention • MBA Women in Banking Conference Set March 27

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The official publication of the Mississippi Bankers Association McKinley W. Deaver • Editor

FOUNDED 1889

Volume 102 • Number 4 • JANUARY/FEBRUARY 2018

OFFICERS

Chairman Jerry Host, Jackson Vice Chairman Mary Childs, Ripley Treasurer Greg McKee, Philadelphia President McKinley W. Deaver, Jackson

BOARD OF DIRECTORS Terms Expiring 2018 Andy Anderson, Anguilla Hoppy Cole, Hattiesburg Arthur DuCote, Jackson Michael Dudley, DeKalb Moak Griffin, Columbus Frank West, Batesville 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 Ex-Officio Members Jerry Host, Chairman, Jackson Mary Childs, Vice Chairman, Ripley Greg McKee, Treasurer, Philadelphia Frank Sibley, Retiring Chairman, Marks George Marx, Preceding Chairman, Hazlehurst

Features

Mississippi Legislature Convenes............................................. 6–7 2018 Regular Session runs through March

Taking Industry Message to D. C...............................................10

ICBA, ABA set banker summits for April

MYB Annual Convention.................................................... 14–15 Young Bankers annual meeting March 10–14

Member Banks..................................................................... 16–17 Mississippi banks support MBA mission

Women in Banking Conference.................................................18 Sixth annual MBA event set March 27

Departments From the President...............................................................................................................2 Around the State..............................................................................................................3–5 MBA Conferences and Seminars..................................................................................18–19 Bankers on the Move....................................................................................................22–23

STAFF

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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 Business/Accounting Manager....... Shannon Hennen

Webinars............................................................................................................................26 MBA Job Bank...................................................................................................................28

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

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

YOUNG BANKERS SECTION President........................Wes Rouse, Hattiesburg Vice President........................Bob Glover, Ripley Treasurer.......................... Marc Petro, Ridgeland

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, Madison, MS JANUARY/FEBRUARY 2018

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From the President THE MISSISSIPPI BANKER

Relationships make MBA unique

By Mac Deaver, MBA President My first encounter with the Mississippi Bankers Association was in the fall of 1984, when I met with the MBA Executive Committee to discuss the Deaver prospect of my representing the association at the State Capitol. At that time, I was an associate attorney with the Jackson law firm of Thomas Price Alston Jones & Davis, and the firm was approached about working for the MBA. Our senior partner, John Price, accompanied me to this meeting.

Ray Davis of Brookhaven was MBA president at the time, and he chaired the meeting. Other bankers I recall being present were Buddy Kahlmus, Farrell Berryhill, John Black, Bob Kennington, Bobby Martin, Charles Youngblood, Bud Robinson and Cecil Robbins. Ben Woods, who had recently become MBA executive director, and Sis Fryant, associate director, also attended.

In that initial meeting, I was thankful that I was not quizzed about my knowledge of banking or banking law.

Instead, the discussion focused on how the MBA wanted to be represented to the State Legislature and others. I saw that these bankers knew and respected each other – and that their collective relationship made the MBA unique.

It was clear that they valued the MBA and its role in promoting the common good for all Mississippi banks.

Following that 1984 meeting, I represented the MBA at the State Capitol in 1985 and 1986. Following the 1986 regular session, I joined the association staff. And the rest, as they say, is history.

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On January 1, 2018, I began my 26th year as executive director/president of the association. For more than three decades I have had the privilege of knowing and working with hundreds of Mississippi bankers. I am pleased that my first impression was a correct one. My experience has confirmed that our state’s bankers do indeed have strong relationships, and these relationships make our association unique. The MBA plays an important role in supporting Mississippi’s banks.

And our effectiveness comes from strong relationships among bankers.

Successful banking has always been based on relationships – banks providing trusted advice, products, and services to customers they know. Relationships play a similar role in associations. To be successful, an association must know and understand – and listen to – its members. Strong relationships among association members, and between members and the leadership and staff are critical. Most importantly, these relationships lead to meaningful participation that creates value for the entire membership. I am pleased that the MBA scores high in this regard.

On the MBA’s 100th anniversary in 1989, we produced a video entitled "A Matter of Trust." This video portrayed our association’s history through a series of stories of how trust-based relationships – between Mississippi banks and their customers, and between bankers within the MBA – had kept the Mississippi banking industry strong for a century. It also told how our banking industry had helped our state and its citizens prosper.

We all know that, in recent years, banks have encountered many obs-

THE MISSISSIPPI BANKER

tacles to staying in the “relationship business.” Increasing regulations have imposed added costs and burdens on traditional banks and have restricted the ability to provide products and services that are important to customers. As these changes create stress for banks, they also create pressure for bank trade groups. In addition, bank consolidation, non-bank competition, technology advances, and many other changes have likewise taken its toll on the MBA and all bankers associations.

Thankfully, the banks and bankers of Mississippi have remained involved in our association during trying times.

Your relationships with each other, and willingness to come together to support our industry, have kept the MBA strong, effective and unique.

2018 MBA Educational Events February 21-22

2 Day BSA/AML Conference

March 22

MBA/FDIC Bank Director Training

March 27

Women in Banking Conference

VISIT msbankers.com CONTACT lrichardson@msbankers.com

Around the State THE MISSISSIPPI BANKER

Former MBA board member Calvin Dye passes away Longtime Mississippi banker Calvin Dye passed away on Wednesday, January 10, at the North Mississippi Medical Center in Tupelo at the age of 69.

Dye was president and CEO of Cleveland Dye State Bank from 1996 until his retirement in 2014. He continued after retirement to serve on the bank's board of directors. Before joining Cleveland State Bank, he was associated with the Federal Land Bank in Greenwood, Greenville, Charleston and Cleveland. He graduated from Vardaman High School, after which he attended Delta State University where he earned a bachelor's degree.

An active supporter of the Mississippi Bankers Association throughout his career, Dye served in the MBA leadership

as a member of association's Board of Directors from 2005 to 2008, and as a member of other committees, including the Legislative Committee. He was a graduate of the Mississippi School of Banking.

Calvin and his wife, Charlotte, became beloved members of the Mississippi banking family as they participated in many MBA events and activities over the years.

He was a longtime member and deacon of First Baptist Church in Cleveland. At the time of his death, he was a member of First Baptist Church in Tupelo, where he served on the stewardship committee and counting team.

Dye was a member of the Cleveland Chamber of Commerce and the Cleveland Rotary Club. He also served as treasurer of the Mississippi Grammy Museum in Cleveland. He was a former Mason and he served in the United States Army.

He was an avid hunter and fisherman,

and a motorcycle enthusiast and rider.

Devoted to his church and family, he was a kind and gentle friend to many.

Survivors include his wife, Charlotte Dye of Saltillo; daughters, Emily Dye Elliott and husband John Mark of Tupelo, Claire Dye of Cleveland, and Dr. Valerie Norton and husband Allen of Corinth; five grandchildren, John Coley Elliott, Scottie Elliott, Avery Boyles, Selah Boyles, and Jane Norton; and sister-in-law, Rita Carter and her husband Phil of Raymond. He was preceded in death by his parents, Robert Green Dye and Martha Elizabeth Clark Dye. A funeral service was held January 13 at First Baptist Church in Tupelo, followed by burial in Vardaman Cemetery.

Memorial gifts may be made to the American Heart Association, 4830 McWillie Circle, Jackson, Mississippi 39206.

Balanced Advice.

Proven Results.

Serving Financial Institutions Accounting Auditing Taxation Consulting Contact: Sim Mosby, CPAb 601-442-7411

www.silassimmons.com

209 N. Commerce Street | Natchez, MS 39120 JANUARY/FEBRUARY 2018

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Around the State THE MISSISSIPPI BANKER

Planters Bank implements succession plan Ala n Ha r gett i s assuming the role of President and Chief Operating Officer for Planters Bank, replacing long-time executive Randy Randall, who has served in Hargett that role since 2003.

A native of Ruleville, Hargett began his banking career with Planters as a management trainee in the Planters Indianola office in the same year he earned his Bachelor’s degree from Mississippi State University. Subsequently, he became a commercial lender before being named President of Planters Ruleville office.

He was later promoted to Chief Credit Officer for the bank. A member of the Planters Board of Directors, Hargett also serves on the board of the Mississippi Bankers Association and served on the American Bankers Association

Agriculture and Rural Banking Committee.

Randall, who this year will observe his 40th anniversary as a member of the Planters team, is a native of Sunflower County who Randall received his B.S. from Mississippi State. His banking career began with Sunburst Bank in Greenwood where he served for three years before joining Planters. He served as President of the Planters Indianola office for many years before becoming President and COO of the system in 2003. While Randall is retiring from his current post, he will continue to serve as President of Planters Holding Company and as a member of the Bank’s Board of Directors. He will also remain in a consulting role, providing continuity and support.

Active in the banking industry,

Randall has served on Board of Directors of the Mississippi Bankers Association and as Trustee for the Graduate School of Banking at LSU The bank also an- Quinn nounced that Jim Quinn is assuming the position of Executive Vice President and Chief Credit Officer for the bank stepping into the post formerly held by Hargett.

A native of Greenwood, Quinn received his Bachelor’s degree from Mississippi State University and joined the bank in 1999 as Vice President of the Greenwood office before becoming President of the office in 2011.

Eric Miller named Veteran banker Willis Frazer retires after 45-year career President in Greenwood Willis Frazer is retirserve the Clarksdale community and E r i c Mi l l e r h a s been named President of Planters Bank in Greenwood, replacing former President Jim Quinn. Miller joined Planters after earning his B.S. from Miller the University of Alabama and his M.B.A. from Mississippi State University in 2002. He is also a graduate of the Mississippi School of Banking and the Graduate School of Banking at Louisiana State University. Miller is active in his support for banking excellence, serving as a member of the Legislative Committee of the Mississippi Bankers Association.

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ing after a forty-fiveyear banking career in the Mississippi Delta.

A native of Clarksdale, Frazer received his BBA degree in accounting from Ole Frazer Miss before earning his CPA. He began his professional career as an accountant but later felt the call to be a community banker, following in the footsteps of his father, long-time Clarksdale banker William H. Frazer, Jr. Willis had early stints in banking at First Tennessee Bank and then United Southern Bank in Clarksdale before he and fellow banker Freddie Britt decided to form a new bank to

THE MISSISSIPPI BANKER

surrounding area. This bank became known as Covenant Bank and over the next sixteen years expanded to four communities, serving Clarksdale, Tunica, Batesville, and Southaven.

In 2016, Covenant Bank merged with Planters Bank and the combined organization became one of the largest banks in Mississippi.

Throughout his career, Frazer has remained active in industry and civic affairs. A longtime supporter of the Mississippi Bankers Association, he served a term on the MBA Board of Directors in 2005-2008 and also served on the Board of Trustees of the Mississippi School of Banking.

Around the State THE MISSISSIPPI BANKER

The First Bancshares, Inc., announces Acquisition of Sunshine Financial, Inc. On December 6, 2017, The First Bancshares, Inc., holding company for The First, A National Banking Association, headquartered in Hattiesburg, announced an agreem e n t u n d e r w h i c h Cole First Bancshares will acquire 100% of the common stock of Sunshine Financial, Inc., parent company of Sunshine Community Bank.

As of September 30, 2017, Sunshine had approximately $194 million in total assets. Sunshine Community Bank serves Leon County, Florida, through five locations operating in Tallahassee. The transaction expands The First’s footprint in the Florida panhandle, including its entry into the Tallahassee market. The merger is expected to occur in the second quarter of 2018. As of the December announcement, the transaction was subject to regulatory approval and approval by the shareholders of Sunshine.

Louis O. Davis, Jr., president and chief executive officer of Sunshine, commented: “We are very happy to join First Bancshares and believe this combination will provide significant value to our shareholders, clients and employees. We also believe this is a natural fit which increases lending capabilities, expands capital resources and provides a more expansive product offering to the Tallahassee business community.”

Upon completion of all transactions, including First Bancshares pending acquisition of Southwest Banc Shares, Inc., the combined company will have approximately $2.4 billion in total assets, $2.0 billion in total deposits and $1.6 billion in total loans. The company will have 63 locations in Mississippi, Louisiana, Alabama, and Florida. “ We are excited and look forward to welcoming the clients and employees of Sunshine to our team,”

said M. Ray “Hoppy” Cole, president and chief executive officer of First Bancshares and The First. “Sunshine is well known in Tallahassee as a customerfocused organization that delivers exemplary service, and these attributes align perfectly with our commitment to service at The First. The combination of our companies will provide increased capacity with expanded product lines to better serve our existing clients and aggressively pursue new relationships.”

Cole added: “Tallahassee is a growing market and a natural extension of our strategic vision to build market share in the Florida panhandle and a continuation of our plan to build a regional community bank in the Gulf South. We welcome those Sunshine shareholders who will become shareholders of First Bancshares.

Local ownership is an integral part of our community bank model. Our Company will continue to be focused on safe, sound, profitable growth and will look for opportunities to enhance shareholder value.”

Security Capital Corporation, First Security Bank Elect new board members Upon the untimely death of Security Capital Corporation’s board member Ken Murphree in the fall of 2017, a new board member was appointed to complete the three-year term of Heafner which 1 year remains.

Mr. Henry Heafner of Batesville was appointed to fulfill the remaining term.

Henry Heafner is a life-long resident of Panola County and has been the owner of Heafner Motors for almost 60 years.

Mr. Heafner previously served on the Batesville Security Bank board from 1984-1985 and also served as Presi-

dent of the Board of Citizens Savings and Loan in Batesville.

Ulrich “Richy” O. Bibb, III has been appointed to serve on the First Security Bank Board of Directors as a Bibb representative from Tunica County. Mr. Bibb is a lifelong resident of Tunica County and is a 3rd generation farmer. He graduated from Mississippi State University with a degree in Agronomy in 1982.

Also appointed to the Board of Directors at First Security Bank is Ryan Revere of Batesville. Ryan is the Managing Partner at the Batesville Office of

Smith, Phillips, Mitchell, Scott & Nowak, LLP, where he has practiced law since 2010.

Mr. Revere is a graduate of Mississippi College School of Law and holds an Revere undergraduate degree in Banking & Finance from the University of Mississippi as well as a Masters of Business Administration from the University of Mississippi. Prior to entering law school, he worked in Commercial Lending for Regions Bank. He currently serves on the Bank Attorneys Committee for the Mississippi Banker’s Association.

JANUARY/FEBRUARY 2018

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MBA Legislative Update THE MISSISSIPPI BANKER

MBA takes positions on 2018 state legislation After annual membership, board meetings More than 50 bankers representing 33 Mississippi Bankers Association member institutions were in Jackson on Thursday, January 18, to participate in the association’s annual membership meeting to consider positions on state legislative issues. The meeting was held in the Trustmark Conference Center of the Mississippi Sports Hall of Fame and Museum in Jackson.

MBA Chairman Jerry Host of Jackson presided over an agenda which included reports on legislation anticipated to be considered during in the 2018 Regular Session of the Mississippi Legislature, which convened on January 2. Member bankers heard reports from MBA committees and staff on a variety of bank-related issues.

MBA Vice Chairman Mary Childs of Ripley and Clay Wagner of Gulfport, chairman of the MBA Legislative Committee, also took part in the discussion, along with Gordon Fellows and Mac Deaver of the MBA staff.

Commissioner Charlotte Corley of the Mississippi Department of Banking and Consumer Finance (DBCF) addressed the meeting and presented the department’s legislative agenda for 2018. Among other things, she discussed a proposal to address salary compression issues

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and allow DBCF to retaining its examination staff. She also discussed a proposal to grant the department authority to examine third party service providers of Mississippi banks.

Issues discussed at the membership meeting included proposals dealing with collateralizing public funds deposit, corporate procedures governing various transactions, rules for managing safe deposit boxes, financing and conveying manufactured housing, and other matters. Host thanked bankers for their attendance and participation, and noted that the MBA board of directors would meet following the membership meeting and input provided by bankers would be relied upon by the board in finalizing association positions and priorities on state legislation.

Tom Walker of Brunin Grantham Grower & Hewes, chairman of the MBA Bank Attorneys Committee, reported on several proposals the committee had worked on in preparation for the session. He provided details of a bill to clarify the rules governing the pledging of Mississippi municipal and county bonds as collateral for public deposits. Walker and Fellows informed the membership that the association had worked closely with the State Trea-

THE MISSISSIPPI BANKER

surer’s office in drafting this proposal.

Among other matters, Walker discussed potential legislation to clarify the process for transferring safe deposit boxes and various bills designed to govern bank merger procedures.

At the beginning of the membership meeting, Deaver recognized and thanked MBA Affiliate members who have been MBA Program Partners during the past year. Deaver noted that, as Program Partners, these firms and companies support MBA educational events throughout the year.

He introduced representatives of several Program Partner firms who were in attendance. Deaver thanked and recognized the eight current MBA Program Partners: BKD CPAs & Advisors, Crews & Associates, Deluxe Strategic Sourcing, FI Strategies, ServisFirst Bank, Silas Simmons CPAs & Advisors, Stockett & Thomas Agency, and Watkins & Eager.

Following the membership meeting, the MBA board of directors adopted positions on a number of important banking issues. For more information on state legislative matters, to provide comments and learn how to become involved in MBA advocacy efforts, contact Fellows at 601948-636 or gfellows@msbankers.com.

MBA Legislative Update THE MISSISSIPPI BANKER

Key Dates at State Capitol The Mississippi Legislature convened its 2018 Regular Session on January 2 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 8 Deadline for initial floor action on general bills.

SATURDAY, MARCH 24 Deadline for filing conference reports on revenue and appropriations bills.

WEDNESDAY, FEBRUARY 21 Deadline for initial floor action on revenue and appropriations bills.

MONDAY, MARCH 26 Deadline for filing conference report on general bills; deadline for conference reports on revenue and appropriations bills to be adopted.

TUESDAY, FEBRUARY 27 Deadline for committee action on general bills originating in the opposite chamber.

WEDNESDAY, MARCH 7 Deadline for floor action on general bills originating in the opposite chamber.

TUESDAY, MARCH 13 Deadline for floor action on revenue and appropriations bills originating in the opposite chamber.

THURSDAY, MARCH 22 Deadline to concur on amendments made to general bills by the opposite chamber.

WEDNESDAY, MARCH 28 Deadline for initial floor action on conference reports on general bills.

FRIDAY, MARCH 30 Deadline for adoption of conference reports on general bills.

SUNDAY, APRIL 1 Scheduled adjournment of 2018 Regular Session.

Senate Business & Financial Institutions Committee

House Bank & Financial Institutions Committee

Sen. Rita Parks, Chairman Sen. Walter Michel, Vice Chairman

Rep. Henry “Hank” Zuber III, Chairman Rep. Shane Aguirre, Vice Chairman

Members

Members

Members

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

Sen. Kevin Blackwell Sen. Jenifer Branning Sen. Nicky 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

JANUARY/FEBRUARY 2018

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MissBankPAC: Voice of Mississippi banking In political process MissBankPAC, the political action committee sponsored by the Mississippi Bankers Association, continues to be successful as the voice Nicholson of Mississippi banking in the political process.

MissBankPAC maintains two separate funds – a State Fund that participates in Mississippi legislative and judicial elections and a Federal Fund that participates in Congressional races. The PAC is governed by a committee of bankers from around the state which oversees MissBankPAC fundraising and makes all decisions regarding contributions made by the PAC. Chuck Nicholson of Community Bankshares chairs the MissBankPAC committee. Other bankers on the committee are Andy Anderson of Bank

of Anguilla; Owen Carty of State Bank & Trust, Ridgeland; Jimmy Clayton of Planters Bank & Trust, Indianola; Moak Griffin of BankFirst, Columbus; John Haynes of Farmers & Merchants Bank, Baldwyn; Allen Hodo of First State Bank, Waynesboro; Brad Jones of Bank of Franklin, Meadville; Greg Taylor of Merchants & Farmers Bank, Holly Springs; Clay Wagner of Hancock Whitney Bank, Gulfport; and Max Yates of BankPlus, Ridgeland.

In 2017 MissBankPAC-State Fund exceeded its fundraising goal for the third straight year, raising 108% of its goal. The State Fund made contributions to a number of legislative candidates, including two who won in special elections during 2017. The State Fund also provided support during the year to the ABA’s Fund for Economic Growth, which sup-

ports the banking industry through education and political involvement.

MissBankPAC’s Federal Fund also had a productive year in 2017, raising 99.6% of its fundraising goal.

The Federal Fund is affiliated with ABA BankPac, the political action committee of the American Bankers Association. Last year, the Federal Fund exceeded its contribution goal to BankPac. MissBankPAC will be active during 2018, which will be an important and busy year for the Federal Fund as Mississippi elects it U.S. House delegation and a U.S. Senator.

Any bankers seeking more information about MissBankPAC may contact Gordon Fellows, MissBankPAC Treasurer, at gfellows@msbankers.com. Additionally, bankers are invited to contact any member of the MissBankPAC Committee.

2018 MBA Educational Events February 21-22

2018 MissBankPAC Committee Members Chairman: Chuck Nicholson, Community Bancshares, Brandon Committee Members: Andy Anderson, Bank of Anguilla, Anguilla Owen Carty, State Bank & Trust Co., Ridgeland Jimmy Clayton, Planters Bank & Trust. Co., Indianola Moak Griffin, BankFirst Financial Services, Columbus John Haynes, Farmers & Merchants Bank, Baldwyn Allen Hodo, First State Bank, Waynesboro Brad Jones, Bank of Franklin, Meadville Greg Taylor, Merchants & Farmers Bank, Holly Springs Clay Wagner, Hancock Whitney Bank, Gulfport Max Yates, BankPlus, Ridgeland 8

THE MISSISSIPPI BANKER

2 Day BSA/AML Conference

March 22

MBA/FDIC Bank Director Training

March 27

Women in Banking Conference

VISIT msbankers.com CONTACT lrichardson@msbankers.com

MBA Officers and Board of Directors 2017-18 CHAIRMAN

VICE CHAIRMAN

Jerry Host Trustmark National Bank Jackson

Mary Childs The Peoples Bank Ripley

TREASURER

Greg McKee The Citizens Bank of Philadelphia Philadelphia

Preceding Chairman

Retiring Chairman

At Large

At Large

At Large

Frank Sibley Citizens Bank and Trust Co. Marks

George Marx Copiah Bank Hazlehurst

Arthur DuCote Regions Bank Jackson

Gee Gee Patridge BankPlus Ridgeland

Dan Rollins BancorpSouth Tupelo

Shane Clayton First Choice Bank Pontotoc

Group 3

Group 3

Group 4

Group 1

Group 2

Group 2

Steve Gresham Mark Tapp Farmers & Merchants Bank Bank of Holly Springs Holly Springs Booneville

Group 4

Frank West First Security Bank Batesville

Group 5

Eddie Hammond Bank of Winona Winona

Michael Dudley The Commercial Bank DeKalb

Alan Hargett Planters Bank & Trust Co. Indianola

Group 1

Moak Griffin Danny Whalen Cleveland State Bank BankFirst Financial Services Columbus Cleveland

Group 6

Group 7

Group 8

Andy Anderson Bank of Anguilla Anguilla

Shannon Aker Bank of Brookhaven

Hoppy Cole The First Hattiesburg

Brookhaven

MBA Staff

Mac Deaver President & CEO

Amy Davis Sr. Vice President Operations

Gordon Fellows Sr. Vice President Govt. Relations

Lori Richardson Programs Manager

Brooke McCoy Marketing Manager

Shannon Hennen Sherell Taylor Business/Accounting Manager of Manager Insurance Services

JANUARY/FEBRUARY 2018

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ICBA, ABA 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 Independent Community Bankers of America (ICBA) and the American Bankers Association (ABA) will host their annual "summits" in Washington which will take our industry's message to policy makers in our nation's capital.

Both events will feature presentations by political and policy experts on banking legislation and regulation, plus network-

The MBA supports both events, and urges all Mississippi banks to be represented. ing 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 ICBA and ABA 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).

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The ICBA Capital Summit will take place a the Grand Hyatt Washington Hotel, 1000 H Street NW, in Washington. The Summit begins on Sunday, April 8, with orientation for first-time attendees and a welcome reception. The Summit will conclude on Wednesday, April 11.

The 2018 ABA Government Relations Summit will take place April 23-25 at the Washington Marriott Marquis, 901 Massachusetts Avenue NW. The Summit opens on Monday, April 23, with the annual 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 24 and 25, there will be morning sessions in which attendees will be

THE MISSISSIPPI BANKER

The Capital Summit's first general session on Monday afternoon will feature remarks by senior officials from federal bank regulators and other industry experts. On Tuesday morning, Sen. Pat Toomey (R-Pa.) will address a breakfast session, after which bankers will 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, April 11. 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 for the ICBA Capital Summit and make hotel reservations on the ICBA website at icba.org. Bankers should make hotel reservations by March 16 to assure they receive the conference rate.

briefed on banking issues under consideration in Washington. The MBA will organize Mississippi attendees for meetings with the state's Congressional delegation Tuesday afternoon. On Wednesday, Fox News Anchor Bret Baker is scheduled to speak, along with Comptroller of the Currency Joseph Otting. The Wednesday session will adjourn at 11 a.m., when ABA will convene its Women's Leadership Forum.

The ABA Summit schedule will host a reception on Monday night, and breakfasts for attendees each morning. On Tuesday morning, the Summit will host a "Dialogue with Regulators" session in which attendees can interact with officials of FDIC, OCC and other federal agencies.

Bankers may register online for the ABA GR Summit and make hotel reservations at the ABA website at aba.com. Bankers should make hotel reservations by April 9 to assure they receive the conference rate.

2018 MBA Bank Directory Contact the MBA office to order!

2018

MISSISSIPPI

BANK DIRECTORY

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Special MBA Committee Plans ISO Conference A special MBA Information Security Officers Committee recently met at the association office to discuss plans for a ISO conference to be held later this year.

Attending the committee meeting were (L to R) Tim Stover, PriorityOne Bank, Magee; Rebecca Barrentine, Copiah Bank, Hazlehurst (committee chair); Amy Davis, MBA; Ladell Reynolds, The Citizens Bank, Philadelphia; Josh Haley, BankFirst, Macon; Vic Prather, Community Bank, Brandon; Lori Richardson, MBA; and Jason Nichols, Guaranty Bank & Trust, Belmont. Information security officers of MBA member banks are encouraged to contact the MBA office for more information and to share ideas for the ISO conference.

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This MBA publication provides up-to-date information on Mississippi’s banks, government officials, state and federal regulatory agencies and other industry trade associations.

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Includes a listing of MBA Affiliates offering products and services to Mississippi banks.

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In addition to the printed version, the 2018 directory will be available in digital form - via online subscription or flash drive.

JANUARY/FEBRUARY 2018

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Mississippi Young Bankers THE MISSISSIPPI BANKER

Mississippi Young Bankers hosts group Networking events around state

Mississippi Young Bankers is hosting networking events in all eight MBA groups before the MYB Convention. The purpose of these meetings is to enlist participation by more bankers on the local level in both MYB and MBA activities. Pictured above are the Group 5 meeting in Meridian (left), the Group 6 meeting in Madison (center) and the Group 1 meeting in Tupelo (right). An event was also held in Brookhaven, and more than 120 bankers attended these four MBA group events. For more information, bankers are encouraged to contact MYB manager Brooke McCoy at 601-948-6366, bmccoy@msbankers.com.

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THE MISSISSIPPI BANKER

Mississippi Young Bankers THE MISSISSIPPI BANKER

4th Annual MYB Day at the Capitol February 20, 2018 A great opportunity for rising Mississippi bank officers to spend a day at the State Capitol, interact with government officials and be involved in the legislative process.

FOR MORE INFORMATION Contact Gordon Fellows gfellows@msbankers.com

2018 Mississippi Young Bankers Convention The Grand Hotel, Point Clear, AL March 10-14

Sponsorship Opportunities Still Available!

Contact Brooke McCoy bmccoy@msbankers.com

JANUARY/FEBRUARY 2018

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68th Annual Study Conf

Direction For Tomorrow’s Leaders

Plans are being finalized and reg"For young bankers, this event istration is open for the 68th annual is a chance to build lifelong Mississippi Young Bankers Study Conrelationships with peers from ference & Convention at Marriott's around the state."

Grand Hotel in Point Clear, AL. This convention combines valuable professional development and Mac Deaver significant networking opportunities President for emerging leaders and their peers Mississippi Bankers Association from around the state. The event schedule includes general sessions The family-friendly Grand Hotel and industry speakers, plus family activities and a golf tournament. overlooks scenic Mobile Bay and has plenty of activities for everyone.

"This conference offers Mississippi bank CEOs find great access to incredible speakers value in sending their "best and plus the opportunity to discuss brightest" to the MYB Study Conferindustry issues with like-minded ence and Convention as a reward.

Register online at msbankers.com to individuals with different backmake sure your bank is represented! grounds, paths and histories."

Please contact MYB manager Brooke McCoy with any questions, at 601Wes Rouse 948-6366, bmccoy@msbankers.com.

Magnolia State Bank Hattiesburg

March 10-14, 2018 Marriott's Grand Hotel

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Join us Sunday night from 6-8 pm for Wesâ&#x20AC;&#x2122;s Presidentâ&#x20AC;&#x2122;s Party!

Point Clear, Alabama

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THE MISSISSIPPI BANKER

Dance the night away to the popular band, The Tip-Tops!

Enjoy a great family buffet meal and lots of kidsâ&#x20AC;&#x2122; activities!

Snap some amazing family photos! Photographers will be available prior to and during the party.

Bring your family for a good time - no costumes needed for this year's party!

ference and Convention msbankers.com/mybconvention

Sunday, March 11 CEO PANEL

Convention registration Tentative convention schedule

Convention Overview Saturday, March 10

Monday, March 12

• Registration (3:30-7:30 pm)

• Morning General Session • Luncheon Event • Free night for registrants

Sunday, March 11

Tuesday, March 13

• Morning General Session • Luncheon Event President's Party (6-8 pm)

• Spouse Event • Golf Tournament • Annual Banquet (6 pm)

Featuring

JERRY HOST MBA Chairman Trustmark National Bank

General Session Speakers Ari Schonbrun Inspirational Speaker, Author & 9/11 survivor

Becki Drahota Financial Industry Marketing Specialist

Dr. Dave Kohl Award-winning Professor, Author & Agriculture Expert

MARY CHILDS MBA Vice Chairman The Peoples Bank, Ripley

Spouse Event

Tuesday morning with John David Williams • •

Dine on light brunch menu options and enjoy delicious morning cocktails! +HDU D UHIUHVKLQJ SHUVSHFWLYH RQ ÀRUDO design and learn how to decorate with everyday items!

FRED MILLER Former MBA Chairman Bank of Anguilla, Anguilla

JANUARY/FEBRUARY 2018

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MBA Member Banks THE MISSISSIPPI BANKER

Mission Statement The mission of the Mississippi Bankers Association is to promote a safe and successful banking industry for the benefit of all member banks, all of their customers and communities, and for the enhancement of the state's economy.

Bank of Winona Winona

Community Bank of Mississippi Brandon

Bank of Yazoo Yazoo City

Community Bank, Coast Biloxi

BankFirst Financial Services Columbus

Community Bank, Ellisville Ellisville

BankPlus Ridgeland

Community Bank, North Mississippi Amory

BNA Bank New Albany

Community Spirit Bank Belmont (Red Bay, AL)

Cadence Bank, N.A. Starkville

Concordia Bank & Trust Company Natchez (Vidalia, LA)

CB&S Bank Russellville, AL

Copiah Bank Hazlehurst

Charter Bank Biloxi

Covington County Bank Collins

Citizens Bank, Byhalia Byhalia

Delta Bank Natchez

Citizens Bank, Columbia Columbia

Farmers & Merchants Bank Baldwyn

The Citizens Bank, Philadelphia Philadelphia

First American National Bank Iuka

Citizens Bank & Trust Company Marks

First Bank McComb

Cleveland State Bank Cleveland

First Bank & Trust Biloxi (New Orleans, LA)

Commerce Bank Corinth

First Choice Bank Pontotoc

The Commercial Bank DeKalb

First Commercial Bank Jackson

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 Bank of Holly Springs Holly Springs Bank of Kilmichael Kilmichael Bank of Morton Morton Bank of Okolona Okolona Bank of Walnut Grove Walnut Grove Bank of Wiggins Wiggins

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THE MISSISSIPPI BANKER

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

Holmes County Bank & Trust Co. Lexington

Peoples Bank & Trust Company North Carrollton

Home Bank Natchez

Pike National Bank McComb

The Jefferson Bank Fayette

Planters Bank & Trust Company Indianola

Liberty Bank & Trust Company Jackson (New Orleans, LA)

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)

Hancock Whitney Bank Gulfport

JANUARY/FEBRUARY 2018

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6th Annual MBA Women in Banking Conference Set for March 27 in Jackson The sixth annual MBA Women in Banking Conference is schedu l e d f o r Tu e s d a y, Ma rc h 2 7 , at the Hilton Hotel in Jackson.

Lorann Paige McInnis, Magnolia State Bank, chair of the banker committee which planned this year's conference, will preside over a full day of presentations addressing banking, business, leadership and organizational issues from a female perspective. The Women in Banking Conference has grown in each of its previous five years.

The conference will begin with remarks by State Treasurer Lynn Fitch, one of two women holding statewide elected office in Mississippi. The remainder of the morning session will include presentations by Kimberly Campbell, Esq., state director and regional vice president for the American Association of Retired Persons (AARP), and Jan Cossitt, city alder-

man in Clinton and volunteer services coordinator for Merit Health Systems.

At lunch, attendees will hear remarks

by Mississippi native Sarah Thomas, who will share her perspective as the first female game official in the history of the National Football League (NFL).

The afternoon session will be led by Olivia Martin, a renowned leadership and management coach.

The conference will begin with registration at 8:30 a.m., with presentations starting at 9 o'clock. Lunch will be provided for all attendees.

Registration for employees and directors of MBA member banks is $295 per person. Conference materials are being distributed to all MBA member banks. For more information, please visit msbankers. com or contact Lori Richardson, MBA programs manager, 601-9486366, lrichardson@msbankers.com.

2018 MBA Women in Banking Conference Planning Committee CHAIR - Lorann Paige McInnis, Magnolia State Bank, Bay Springs • Rebecca Barrentine, Copiah Bank, Hazlehurst • Gaye Broyles, BankPlus, Ridgeland • Monica Day, Trustmark Bank, Jackson • Kristy Davis, First State Bank, Waynesboro • Myra Dunlap, Guaranty Bank & Trust, Belzoni • Tracy Goforth, First Security Bank, Batesville • Eliza Henderson, First National Bankers Bank, Ridgeland • Julie Henry, First Choice Bank, Pontotoc • Alice Herbison, Bank of Benoit, Benoit • Dee Dee Lowery, The First, Hattiesburg • Ginny Moser, First National Bank, Clarksdale • Tammy Phillips, Community Bank, Brandon • Cathy Robertson, BancorpSouth, Tupelo • Robin Sanderson, Citizens Bank, Columbia • Martha Underwood, PriorityOne Bank, Magee • Jennifer Wallace, Pike National Bank, McComb • Pam Ware, Renasant Bank, Ridgeland 18

THE MISSISSIPPI BANKER

HILTON HOTEL JACKSON March 27, 2018

Lynn Fitch Mississippi's State Treasurer

Sarah Thomas First Female NFL Referee

Jan Cossitt Merit Health Center

Kimberly Campbell, Esq.

AARP State Director

Olivia Martin LivMore Life Coach

MBA Professional Development

Conferences & Seminars Opportunities to interact face-to-face with expert instructors and peer bankers For more information about these events, visit msbankers.com or call 601-948-6366

FEBRUARY 21-22

BSA/AML CONFERENCE Jackson 7KLV LV RXU ÀDJVKLS %6$ $0/ WUDLQLQJ HYHQW 7KH SURJUDP LQFRUSRUDWHV D UHYLHZ RI DOO RI your institution’s BSA’s technical compliance responsibilities. It is the annual review everyone needs, to remember their critical duties.

MARCH 10-14

MYB ANNUAL CONVENTION Marriott's Grand Hotel, Point Clear, AL 7KLV FRQYHQWLRQ FRPELQHV YDOXDEOH SURIHVVLRQDO GHYHORSPHQW DQG VLJQL¿FDQW QHWZRUNLQJ opportunities for emerging leaders and their peers from around the state.

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MBA/FDIC BANK DIRECTOR TRAINING Jackson MBA has partnered with the FDIC to bring you its important update on current & emerging banking issues. Tailored for directors, risk management staff and consumer compliance staff.

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MBA WOMEN IN BANKING CONFERENCE Jackson The 6th annual event will address banking, business, leadership and organizational issues from a female perspective.

April 8-14, 2018 University of Mississippi Oxford Contact Amy Davis adavis@msbankers.com

Download an application VISIT msbankers.com

JANUARY/FEBRUARY 2018

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The Community Reinvestment Act's History and Future

By Julie Stackhouse, Executive Vice President, St. Louis Federal Reserve On Jan. 10, a Wall Street Journal headline announced “Trump Administration Seeks to Change Rules on Bank Lending to the Poor.”1 The headline was in reference to potential changes to the Community Reinvestment Act (CRA) or its supporting regulations.

CRA Defined Enacted in 1977, the CRA affirms the obligation of federally insured depository institutions to help meet the credit needs of communities in which they are located. The obligations of the CRA are expected to be carried out within safe and sound banking practices. Banks are subject to laws and regulations like the CRA in return for the privilege of deposit insurance protection and access to the Federal Reserve’s discount window.

Addressing Lending Discrimination The CRA was only one of a series of laws passed during the late 1960s and 1970s intended to expand access to credit. Fair lending practices were also addressed through the Fair Housing Act and the Equal Credit Opportunity Act. In 1975, the Home Mortgage Disclosure Act was enacted to increase

Countering Redlining Prior to the passage of the CRA, “redlining”—or limiting or refusing to make loans in certain areas—was rampant. History suggests that this practice of drawing “red lines” around geographic areas initially stemmed from “residential security maps” created by the nowdefunct Home Owners’ Loan Corp.

The maps designated four categories of lending and investment risk for each of 239 cities. Private lenders, in turn, created similar maps.

Some argue that redlining was simply the best mechanism available at the time to estimate credit risk. However, it also resulted in discrimination against those with the same credit risk relative to others in a non-redlined area.

transparency in mortgage lending.

Public accountability for lending practices was heightened in 1989 when legislation required public disclosure of institutions’ CRA ratings and performance evaluations.

With interest rates at historic lows, a recent Economic Synopses essay examined interest rate behavior over the past several decades.

Failure is not an option.

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THE MISSISSIPPI BANKER

Pro m p t i n g Pa r t n e r s h i p s The CRA has been successful in many respects. The incentives provided by the CRA and requirements for compliance with other laws and regulations have prompted partnerships between banks and community groups to promote access to credit for lowand moderate-income communities and foster development in these areas.

Other policy developments over time—such as the low income housing tax credits and the Department of the Treasury’s Community Development Financial Institutions Fund and New Markets Tax Credit Program—have provided important underwriting support, given the limited credit risk that banks can take.2 A CRA for Tomorrow Nevertheless, there are real issues in aligning the requirements of the

CRA with today’s rapidly changing financial environment. Consumers and businesses are quickly adopting internet technology—commonly called fintech—for the delivery of financial services, making the longterm need for bank branches less clear. Yet, the number and location of bank branches is an important metric of performance under the CRA. Banks themselves are becoming fewer in number. Just 20 years ago, there were more than 10,000 U.S. banks and thrifts; today, that number totals roughly 5,600. We fully expect to see continued consolidation in the banking industry and strong competition from nonbank financial services providers that are not subject to the CRA. “Modernizing” the CRA or its supporting regulations will require a balance of interests. Banks will cite the evolving landscape of financial ser-

vices and competition from nonbank providers as drivers to change CRA requirements, especially with respect to branches. Advocates for those with limited or no access to banking services and credit may well have other ideas.

Inevitably, the pressures of technology will force change. Working together, stakeholders can make adjustments to the CRA appropriate for the banking landscape of today and tomorrow.

Notes and References 1 Ensign, Rachel Louise; and Tracy, Ryan. “Trump Administration Seeks to Change Rules on Bank Lending to the Poor.” The Wall Street Journal, Jan. 10, 2018.

2 See the U.S. Treasury’s Community Development Financial Institutions Fund page for information on these and other related Treasury programs.

U.S. Fair Lending Laws Fair Housing Act 1968

Part of the Civil Rights Act of 1968. The FHA makes it unlawful for any lender to discriminate in housing-related lending activities against any persons because of their race, color, religion, national origin, disability, family status or sex.

Equal Opportunity Credit Act 1974

Prohibits discrimination based on race, color, religion, national origin, sex, marital status, age, source of income or whether a person exercises rights granted under the Consumer Credit Protection Act for any credit transaction and through the life of the loan.

Home Mortgage Disclosure Act 1975

Provides the public loan data that can be used to assist: • • •

Community Reinvestment Act 1977

,Q GHWHUPLQLQJ ZKHWKHU ¿QDQFLDO LQVWLWXWLRQV DUH VHUYLQJ WKH KRXVLQJ QHHGV RI their communities 3XEOLF RI¿FLDOV LQ GLVWULEXWLQJ SXEOLF VHFWRU LQYHVWPHQWV VR DV WR DWWUDFW SULYDWH investment to areas where it is needed In identifying possible discriminatory lending patterns

Intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations JANUARY/FEBRUARY 2018

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Bankers on the Move THE MISSISSIPPI BANKER

Community Bank

Community Bank

Community Bank

Blake Ainsworth has been named Assistant Vice President in the Brandon office.

Ainsworth has over 2 years of experience and is a graduate of Mississippi State Uni- Ainsworth versity with a Bachelor of Business Administration with a concentration in real estate.

Randy T. Harris recently joined the bank’s Tupelo office as Senior Vice President. Harris is a graduate of Mississippi State University with a Bachelor of Business Admin- Harris istration and is also a g r a d u a t e o f t h e So u t h e a s t e r n School of Commercial Lending.

Kelly Reeves has been promoted to Assistant Vice President in the bank’s Lucedale office. Reeves began her career with the bank over 20 years ago. Along with her current role as Reeves a Loan Officer, she also serves as the Branch Operations Officer.

Amanda W. Annison has been named Vice President – Internal Audit. Annison has over 15 years of audit experience. She received her Bachelor of Science in Business Annison Administration with a major in Accounting from Mississippi College and a Master of Business Administration from Millsap College.

Nicki Hudson has joined the bank as Business Development Specialist in the Laurel office. Hudson received an Associate Degree from Jones County Junior Col- Hudson lege and a Bachelor of Business Administration with a major in marketing from the University of Southern Mississippi. She brings over 7 years of banking experience to the bank.

Tina Gadd has been named Vice President of Deposit Administration. Gadd has been a part of the Community Bank family for over 20 years, most recently served Gadd as Assistant Vice President of Deposit Administration.

Jared Ganucheau has been promoted to Assistant Loan Review Officer for the bank.

Ganucheau is a graduate of the University of Mississippi with a Bachelor of Business Ad m i n i s t r a t i o n i n Ganucheau Managerial Finance.

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A n t h o n y We b b has been promoted to Senior Vice President. Webb, a native of West Point, has over 20 years of experience in the banking industry. He received both Webb his Bachelor of Business Administration and his Master of Business Administration from Jackson State University and is a graduate of the Graduate School of Banking at LSU.

Christie Moore has been named Assistant Vice President of Deposit Operations for the bank. Moore has been with the bank for nearly 16 years. Moore is a graduate of Scott Cen- Moore tral High School and attended East Central Community College.

Gafford White has been promoted to Loan Officer at the bank’s Southaven location.

White attended Meridian Community College and recently received his Bachelor White of Business Administration degree with a minor in psychology from the University of Mississippi.

Tim Pickett has been named Loan Officer in the bank’s Pearl office. He received his Bachelor of Science in Managerial Finance, with a minor in Accounting from the Uni- Pickett versity of Mississippi.

Pickett is a US Army combat veteran and currently serves in the Army National Guard as a combat engineer.

Casey Wyatt has been named Assistant Vice President of Deposit Operations for the bank. Wyatt has been with the bank for eleven years and has a total of more than Wyatt seventeen years of banking experience. She received her Bachelor of Science degree in Business Administration from Mississippi College.

THE MISSISSIPPI BANKER

Great Southern Bank Christy A. Quick has been promoted to Vice President. Quick has over thirty years of banking experience and has earned numerous American Institute of BankQuick ing (AIB) certificates.

First Bank Casey Graham has joined the bank as Chief Financial Officer. Graham graduated from the University of Southern Mississippi with two simultaneous bachelor’s degrees, a Bachelor of Science in Business Ad- Graham ministration, Management Information Systems and a Bachelor of Science in Business Administration, Accounting. He is also a graduate of the Southeastern School of Banking.

Keith Miller has joined the bank as IT Officer. Miller comes to First Bank after an 18-year career with Verizon/MCI. Miller graduated from the UniMiller versity of Southern Mississippi with a Bachelor of Science degree.

Adam Price joined the bank as Vice President of Lending in the downtown McComb main office. Price was previously in the insurance industry where he was an agent for over 10 years. Prior Price to that, he attended Southwest Mississippi Community College and Auburn University.

Guaranty Bank Kenneth McGee has joined the bank as a Relationship Banker in the Hollandale Branch. McGee earned an Associates of General Education degree from Mississippi Delta Com- McGee munity College and a Bachelor of Science degree in Agribusiness from Mississippi State University.

R o b e r t To o m e y has joined the bank as City President. He is a graduate of Delta State University with a degree in Business Administration. In addition to prior work experience, Toomey Toomey recently served as a commercial banker specializing in agriculture with a large regional bank.

Lindsey ZepponiMandara has joined Guaranty Financial Services as a financial consultant in Greenville.

She is a veteran investment professional and earned her Bachelor of Mandara Business Administration degree from the University of Mississippi.

Please submit to editor@msbankers.com

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Download our Media Kit msbankers.com CONTACT Brooke McCoy 601-948-6366 bmccoy@msbankers.com JANUARY/FEBRUARY 2018

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ACCOMMODATIONS GUIDE NOW ONLINE VISIT msbankers.com CONTACT adavis@msbankers.com 24

THE MISSISSIPPI BANKER

MBA Professional Development

Webinars

Training opportunities at your convenience

Visit msbankers.com to view and register for these webinars and more THURSDAY, FEBRUARY 15 &RPSOLDQFH 5XOHV IRU &RPPHUFLDO /RDQV Secured by Real Estate 10:00 a.m. - noon

WEDNESDAY, FEBRUARY 28 TRID 10:00 a.m. - noon

MONDAY, MARCH 12 For Bank Managers, Trainers & RMs: How to Create, Cultivate and Convert 0RUH %DQNLQJ 6DOHV /HDGV 1:30 - 3:30 p.m.

FRIDAY, FEBRUARY 16

ACH Origination and Same Day Entries 1:30 - 3:30 p.m.

Call Report for Banks - Recent Changes, Highlights, and Pitfalls 10:00 a.m. - noon ____________

THURSDAY, MARCH 1 Addressing Threats of Violence 10:00 a.m. - noon

Reviewing Appraisals for Residential Mortgage Decisions 10:00 a.m. - noon

Basic Bankruptcy for Bankers 1:30 - 3:30 p.m.

____________

TUESDAY, FEBRUARY 20 Cross-Sell More to the Customer 10:00 a.m. - noon Writing an Effective Credit Memorandum 1:30 - 3:30 p.m.

WEDNESDAY, FEBRUARY 21 ACH Rules Update 10:00 a.m. - noon 2SHQ (QGHG /LQHV RI &UHGLW - Compliance Issues 1:30 - 3:30 p.m.

THURSDAY, FEBRUARY 22 Ransomware and Cyber Extortion 10:00 a.m. - noon

FRIDAY, FEBRUARY 23 Dealing with Appraisals: Regulations and Requirements 10:00 a.m. - noon ____________

MONDAY, FEBRUARY 26 Basic Personal and Business Tax Return Analysis 1:30 - 3:30 p.m.

FRIDAY, MARCH 2 &DOO 5HSRUW /HQGLQJ 6FKHGXOHV 10:00 a.m. - noon _____________

MONDAY, MARCH 5 &RPPHUFLDO &RQVWUXFWLRQ /HQGLQJ 1:30 - 3:30 p.m.

TUESDAY, MARCH 6

TUESDAY, MARCH 13

WEDNESDAY, MARCH 14 Understanding the New Mortgage Servicing Rules 10:00 a.m. - noon

THURSDAY, MARCH 15 Cybercrime and the Dark Web 10:00 a.m. - noon _____________

TUESDAY, MARCH 20

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WEDNESDAY, MARCH 21

WEDNESDAY, MARCH 7

HMDA I 1:30 - 3:30 p.m.

Compliance Perspectives 10:00 a.m. - noon.

THURSDAY, MARCH 8 How to Analyze a Start-up Business 10:00 a.m. - noon

CRA Nuts & Bolts 10:00 a.m. - noon.

THURSDAY, MARCH 22 Right of Setoff 10:00 a.m. - noon

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JANUARY/FEBRUARY 2018

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American Bankers Association THE MISSISSIPPI BANKER

Textbook Advocacy

By Rob Nichols, American Bankers Association President & CEO Washington is anything but textbook these days, which can make the advocacy work of state and national trade associations a challenge.

But the recent tax reform effort proves that Nichols certain staples of effective advocacy—functions at which ABA and the state associations happen to excel—have enduring value.

All were on display as Congress and the administration worked together on a comprehensive package of tax reforms that we believe will help grow the economy and create jobs. They also will help banks, which previously had one of the highest effective tax rates of any business, better serve their customers and the broader economy.

Those staples of effective advocacy include building respectful relationships and coalitions, speaking with a unified voice, offering expert analysis and showing discretion on when and how to offer public criticism.

We were engaged in the tax reform debate from the very start, offering advice and insight on the potential effects of various provisions—such as the impact of limiting net interest deductibility— and coordinating closely with our state association allies. We also worked closely with other groups in the financial services industry, hosting daily calls to ensure our advocacy was united and effective.

At every turn in the legislative process,

we worked respectfully with lawmakers to improve the bill. Recognizing the tightrope lawmakers were walking to create a comprehensive bill that would have sufficient support, we as an industry were careful to offer pragmatic, constructive feedback, not public condemnations or threats that could have derailed the effort.

This approach made a difference. Lawmakers, for example: • Adopted a careful approach to limiting net interest deductibility, protecting banks’ small business, agriculture and real estate customers, whom we said would be harmed by more substantial limits.

• Heeded concerns about the treatment of pass-through entities like Subchapter S banks and brought the rate closer in line to the “promised” rate.

• Re m ov e d p r ov i s i o n s t h a t would have eliminated the benefits of deferred compensation plans.

• Corrected an issue relating to income recognition for mortgage servicing rights and other transactions.

• Steered clear of imposing a new bank tax as a means of paying for tax cuts.

• Maintained a variety of tax credits, particularly the low-income housing and new markets tax credits that are so important to our communities.

The result is a final package that is largely aligned with ABA’s core principles for tax reform, with one notable exception: It misses the chance to level the playing field with credit unions and the Farm Credit System. While this is hugely disappointing, it’s not for lack

of effort. Bankers have made their views plainly clear to lawmakers for years. We articulated a sound rationale for including these tax-privileged competitors in reform and even offered public opinion research that showed Americans back the idea. In the end, lawmakers viewed this as too controversial to tackle in this bill, but we’ll keep up the fight.

Credit for much of what we did achieve goes to the bankers—from institutions of all sizes and from states across the country—who volunteered their time and expertise to the cause. (If you ever doubted whether association service was meaningful, I can put you in touch with the women and men on ABA’s tax committee who helped comb through each 500-page iteration of the tax bill to identify the potential effects on banks.)

Our policy experts and lobbying staff also made a tangible difference.

Together, this banker-staff tax reform team artfully balanced the politics and policy behind a highly complex and highly charged legislative process, and they did so in a manner that kept the door open to congressional leaders and literally earned us a place at the table.

That gave us just a voice, of course, not the final say—and that’s as it should be. Good public policy must consider the views of many. It just so happens the banking industry represents many—from our 2 million employees to the countless communities and customers we serve. That makes effective advocacy a must. I’m proud ABA and the entire industry delivered.

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CONTACT: Brooke McCoy, bmccoy@msbankers.com 26

THE MISSISSIPPI BANKER

Independent Community Bankers Association THE MISSISSIPPI BANKER

Into the Breach

By Camden R. Fine, Independent Community Bankers of America President & CEO The Independent Community Bankers of America never flinches from its responsibility to stand up for the nation’s community banks, so we didn’t hesitate to file suit on behalf of Fine the industry following the massive data breach at Equifax.

Joined by Bank of Zachary in Zachary, Louisiana, and First State Bank in Barboursville, West Virginia, the lawsuit is designed to address the long-term damage to community banks posed by the breach of 145.5 million consumer records and 209,000 payment cards.

The Equifax breach is deeply troubling, not only because of its scale, but also because of the failure of Equifax to take basic steps to protect itself and consumers from such a preventable catastrophe. The breach – in which hackers entered Equifax’s system through a known vulnerability, gaining access to names, Social Security numbers, dates of birth and other information – was caused by Equifax’s negligence.

Quite simply, the credit rating agency failed to heed warnings from security experts to properly secure its U.S. website. Further, Equifax waited nearly six weeks to report the breach to the public.

We do not yet know the full extent of the damage, but there is no doubt about the cost to community banks. ICBA’s lawsuit asks the U.S. District Court for the Northern District of Georgia, since Equifax is based in Atlanta, to require the credit bureau to compensate community banks for the costs they will incur in responding to the breach. That includes the costs of customer credit freezes, protective measures to deter fraud, and canceling and replacing payment cards.

For a longer-term solution, ICBA’s suit also asks the court to require Equifax to improve its security infrastructure to prevent future data breaches, such as employing adequate security protocols consistent with industry standards to protect personally identifiable information and payment card data.

ICBA filed this case on behalf of community banks, because Equifax is responsible for an unprecedented breach

of sensitive, personally identifiable information. Community banks rely on this information to authenticate customers when opening accounts and conducting online, in-person and over-the-phone transactions. The effect of the breach on community banks, consumers, small businesses and the economy is sure to be substantial.

ICBA has been at the forefront in responding to the Equifax breach since the news broke in September. We called on the credit bureau to immediately notify affected customers and card issuers and to provide us with ongoing briefings regarding the breach’s extent. We followed that by releasing tips for community bankers on how to respond to the breach, as well as a customizable letter for community banks to inform their customers.

Now we are taking our response to the next level by demanding remedial action.

Equifax needs to be held accountable for this massive and preventable catastrophic event to ensure the long-term security of community banks and the friends, neighbors and customers we serve.

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Stockett & Thomas

msbankers.com

Insurance provider for MBA’s Group Insurance Programs

VISIT

JANUARY/FEBRUARY 2018

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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. Please send resumes to sam.hubbard@dbcf.ms.gov.

BSA Specialist: Charter Bank in Pascagoula, MS is seeking a BSA Specialist.

Applicant will assist the BSA Officer with all functions of the BSA/AML Compliance Program. Please send resumes to ppierce@mycharterbank.com.

Collections & Recovery Specialist: Responsible for mitigating loan losses by negotiating payment arrangements to resolve delinquent accounts. This individual works to recover the property of defaulted loans by negotiating payment arrangements for customers with past due accounts; taking necessary action to repossess, foreclose, or take possession of collateral security involved in delinquent loans; and coordinating activities and resources to recover property on past due accounts, in accordance with established policy and applicable law. High school diploma or equivalent is required. Associateâ&#x20AC;&#x2122;s degree is preferred. 5 years of relevant experience in collections is required. Experience with financial analysis and general banking knowledge is preferred. Must have strong knowledge of Fair Credit Reporting as well as other applicable consumer and compliance regulations. Must have knowledge of sound collection practices. Must 28

be proficient with Microsoft Office products, eOSCAR, and CM/ECF Pacer. Must be proficient with Navigator or similar technology. Must have strong data entry skills with attention to detail. Must possess exceptional time management skills and have the ability to organize, prioritize, and perform multiple tasks simultaneously. This individual may occasionally to work outdoors. Some travel may be necessary to other businesses and branch locations may be necessary using personal vehicle. Must possess valid driverâ&#x20AC;&#x2122;s license and insurance. External candidates may submit an Employment Application and resume. External applications may be: mailed - Human Resources P.O. Box 729, Pascagoula, MS 39567/ delivered - 3118 Pascagoula St., Pascagoula, MS/ emailed - Careers@MandMBank.com.

tionships with internal customers. Leads and supports other auditors with their assigned testing. Ensures all internal audit activities and procedures are performed as required by the audit plan and budget approved by the Audit Committee. Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) is preferred.

Experience with Data Analytics and Automated work paper tools. Applicants may review the job description and apply by visiting https://banksouthern.com/

Commercial Lending Officer: A community bank in the Hattiesburg area is seeking a Commercial Lender. Candidates should have a minimum of five years experience in commercial and consumer lending with knowledge of credit, compliance and loan documentation. Must have the ability to conduct business development calls promoting the bank in a positive manner; Participate and support local community events and activities; Must have strong computer and communication skills; Reports to local bank president.

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

Manager/Senior Credit Analyst: Merchants & Marine Bank has an immediate need for a Manager/Senior Credit Analyst position at our Main Branch in Pascagoula. Minimum 5 years' experience in credit underwriting and analysis is required. Please submit resume to Sheryl.Wolfe@MandMBank.com or Lauren.Germany@MandMBank.com.

Head Teller: The First, A National Banking Association, is seeking a Head Teller.

Candidates must possess a high school diploma or general education degree (GED) or one to two years related experience and/or training. Interested candidates may submit resumes to Pam Petterman at ppetterman@thefirstbank.com.

Internal Auditor III: Southern Bancorp is seeking an Internal Auditor III for Little Rock, AR. Responsibilities include review of financial, operational, compliance, and information technology in accordance with applicable audit and regulatory standards as well as providing the necessary corrective recommendations. Serves as a liaison for external auditors and regulatory auditors on reviews and assessments while maintaining effective working rela-

THE MISSISSIPPI BANKER

Lending Assistant Commercial Real Estate: BankPlus, Ridgeland, Mississippi, is seeking an experienced Lending Assistant. This position requires two years prior lending assistant experience. To apply, please visit https://www.bankplus.net/ About/Careers/Career-Opportunities/

"Mortgage Team": Community bank in Mississippi is looking for a "Mortgage Team" to add to our current Mortgage Department and grow our Mortgage presence in the Jackson/Metro market. We are looking for an energetic, intelligent, self-motivated professional team with impeccable business ethics and a desire for success. (2) Mortgage Loan Originator positions and (1) Mortgage Loan Underwriter: Responsible for underwriting Conventional, FHA, VA and USDA residential loans, ensuring compliance with internal and agency program guidelines and meeting or exceeding quality assurance standards. Review and analyze credit/ income/asset documentation submitted in order to make a sound determination of creditworthiness per guidelines using department approved checklists and worksheets. Ensure that property appraisals meet standard secondary market investor requirements, as well as HUD/VA requirements. For all (3) positions, please submit resumes to adavis@msbankers.com.

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

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

P.O. Box 37 • Jackson, MS 39205-0037 • (601) 948-6366 ȱ ȱ ȱ ȱśŖŗǻ ǼǻřǼȱ Ȭ ęȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¡Ȭ ȱ ǯȱ ȱ ȱ¢ ȱ ¡ȱ ȱ ȱ ȱ ȱ ¡ȱ ¢ȱ ȱ¢ ȱ ǯ

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