The Mississippi Banker - July Aug 2018

Banker THE MISSISSIPPI

MARY CHILDS

130th CHAIRMAN

Mississippi Bankers Association

JULY|AUGUST 2018

VOLUME 103 • NUMBER 1

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THE MISSISSIPPI

FOUNDED 1889

The official publication of the Mississippi Bankers Association McKinley W. Deaver • Editor Volume 103 • Number 6 • JULY|AUGUST 2018

OFFICERS Chairman Mary Childs, Ripley Vice Chairman Greg McKee, Philadelphia Treasurer Andy Anderson, Anguilla President & CEO McKinley W. Deaver, Jackson

BOARD OF DIRECTORS Terms Expiring 2019 Steve Gresham, Holly Springs Eddie Hammond, Winona Dan Rollins, Tupelo Mark Tapp, Baldwyn Terms Expiring 2020 Shannon Aker, Brookhaven Shane Clayton, Pontotoc Alan Hargett, Indianola Gee Gee Patridge, Ridgeland Danny Whalen, Cleveland Terms Expiring 2021 Robbie Barnes, Magee Allen Breland, Forest Mike Ellard, Natchez John Hairston, Gulfport Jeff McCoy, Meridian Chuck Nicholson, Brandon Ex-Officio Members Mary Childs, Chairman, Ripley Greg McKee, Vice Chairman, Philadelphia Andy Anderson, Treasurer, Anguilla Jerry Host, Retiring Chairman, Jackson Frank Sibley, Preceding Chairman, Marks Bob Glover, Ripley Brad Jones, Meadville Mike Webb, Tupelo

Features MissBankPAC............................................................................. 7 2018 fundraising efforts underway

Mary Childs becomes 130th MBA Chairman .......................8-10 Mississippi bankers elect first female chair

MBA leadership for 2018-19................................................11-13 Bankers chosen for officer, board positions

Graduate School of Banking at LSU.....................................16-17 19 Mississippians among graduating class of 185

Valued partners....................................................................18-21 Endorsed products support MBA

ON THE COVER: Mary Childs, 130th MBA Chairman

Departments From the President...............................................................................................................2 Around the State.............................................................................................................. 3-6 MBA Conferences & Seminars...........................................................................................23

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 Administrative Assistant..................Vicky Franklin

YOUNG BANKERS SECTION President................................Bob Glover, Ripley Vice President.................. Marc Petro, Ridgeland Treasurer........................ Zach Luke, Greenwood

Bankers on the Move.................................................................................................... 24-25 Webinars............................................................................................................................27 ABA and ICBA columns.............................................................................................. 28-29 MBA Job Bank...................................................................................................................30 The Mississippi Banker (ISSN 0026-6159) is published bi-monthly for $25.00 per year or $5.00 per issue by the Mississippi Bankers Association, 640 North State Street, Jackson, MS 39202. Phone 601-948-6366. Periodicals Postage paid in Jackson, Mississippi.

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

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

Printed By Hederman Brothers, Ridgeland, MS JULY|AUGUST 2018

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From the President THE MISSISSIPPI BANKER

End of an Era: Dr. Don Woodland retires from GSB at LSU

By Mac Deaver, MBA President & CEO When the last of 185 graduates received their diplomas from the Graduate School of Banking at LSU on June 1, it marked the end of an era. The 2018 session of GSB Deaver was the last to be overseen by Dr. Don Woodland as executive director of the school. On June 30, Don officially retired after more than 50 years of full-time service to the school -- the last 32 years as its director.

Don's distinguished academic career was already well underway when he joined the GSB staff in 1967. At that time, he began working with Orrin Swayze, the Mississippi banker who founded the banking school (as the School of Banking of the South) in 1950. For more than five decades, Don devoted himself to making GSB at LSU the best it could be. His leadership took the school to unprecedented success.

Don has been the driving force in recruiting and retaining an outstanding faculty comprised of bankers, as well as industry professionals, educa-

tors and regulators. Many members of the faculty are themselves graduates of GSB, demonstrating a loyalty to the school that, in large part, was the result of Don's efforts. Don also worked tirelessly to make sure the school's curriculum kept pace with tremendous changes taking place in the banking industry.

Under Don's leadership, GSB enjoyed record enrollment as it gained stature as one of the premier banking schools in the nation. The school attracted students from throughout the region and from across the country. In recent years, Don spearheaded an effort that attracted many students from Mexico. He developed relationships with leaders of the Mexican banking industry and took GSB-sponsored programs to Mexico.

Don always maintained positive relationships with GSB students, faculty and alumni. He also worked closely with the 15 state bankers associations that sponsored the school. The inclusion of association executives and bankers from each state on the GSB board of trustees reaped great benefits.

This structure not only facilitated input

and advice regarding the school's operations, it proved to be an effective tool in marketing of GSB to banks and bankers.

It is hard to overstate the positive impact that Dr. Woodland had on the lives of the 15,000 bankers who graduated from GSB during his tenure. Not only did they advance their careers, many of them went on to make significant contributions as leaders of our great industry.

I am pleased that, in his retirement, Don has taken on the title of GSB Director-Emeritus. His continued involvement will be a positive influence on GSB at LSU. Thanks, Don! We appreciate your years of leadership and stewardship, and we value your continued friendship. Best wishes in your well-deserved retirement.

MBA endorsed programs, Program Partners provide support, value MBA endorsed programs make up a growing part of our association team.

These programs -- featured on pages 2225 of this magazine -- deliver value to our bank members and provide significant financial support to our association.

All MBA endorsed programs are provided by Affiliate members. Their products and services have been vetted by the MBA and are recommended to our bank members for consideration.

These endorsed programs offer preferred pricing, exclusive product and service features, and other benefits.

Current MBA endorsed programs are: 2

- ABA-Sponsored D&O and Bond Insurance Program - CRA Partners/Senior Crimestoppers Program - KeyState Bank Captive Program - MBA Group Insurance Programs marketed by Stockett & Thomas - Office Depot Purchase Program - Thumprint Signature Program - Vizaline

following 2018 MBA Program Partners: - BKD, CPAs & Advisors - Crews & Associates, Investment Bankers - Deluxe Strategic Sourcing - FI Strategies - Silas Simmons, CPAs & Advisors - Servis1st Bank Correspondent Division - Sones & White Law Firm - Stockett & Thomas Agency - Watkins & Eager Law Firm

Additionally, nine of our MBA Affiliate firms provide support to our educational programs throughout the year as "Program Partners." We appreciate the

For more information, please contact Brooke McCoy, MBA marketi n g m a n a g e r, a t 6 0 1 - 9 4 8 - 6 3 6 6 or bmccoy@msbankers.com.

THE MISSISSIPPI BANKER

Around the State THE MISSISSIPPI BANKER

Former MBA chairman Doug Herring passes away Douglas Ashley (Doug) Herring, a distinguished industry leader during a 38year banking career who served as chairman of the Mississippi Bankers Association Herring chairman in 1980-81, died on August 9. He passed away at his Starkville home at the age of 81.

Doug was born in a log cabin on August 19, 1936, in Morton. He graduated from Morton High School in 1954 and later attended East Central Mississippi Junior College. He began his banking career in the summer of 1956 as an accountant in the accrual accounting department of First National Bank of Jackson. On December 22, 1956, he married his high school sweetheart, Mozelle Williams.

They moved to Starkville in the fall of 1962, where Doug joined Security State Bank as executive vice president. In 1973, Doug became president and chief executive officer of the bank. He furthered his career by graduating from the Stonier Graduate School of Banking at Rutgers University in 1974. In 1978, at age 37, he was named Security State Bank chairman of the board. He saw the bank through a 1987 merger with Deposit Guaranty National Bank. In 1991, Doug and Mozelle moved to Hattiesburg, where he served as regional president and on the board of directors until his retirement in 1994.

Throughout his banking career, Doug was extremely active in the Mississippi Bankers Association. In 1980, Doug was elected MBA chairman after having served as treasurer and vice chairman and as a member of the Executive Committee.

His many other MBA activities included chairing the CEO Seminar Committee and chairing the MBA Bank Management Conference. During his service as MBA chairman, Doug was one of 27 state bankers association elected leaders invited by The White House to meet with

President Ronald Reagan regarding the challenges bankers faced during that era.

Doug was secretary-treasurer of Arnold Industries, Inc. (Howard Furniture, Hershede Hall clocks and Motor Guide) and also served on the company's board of directors. He was instrumental in organizing the research park that now holds the name Thad Cochran Research, Technology and Economic Development Park adjacent to the campus of Mississippi State University. During his banking career, Doug served as chairman of the Oktibbeha County Industrial Development Foundation, president of the Starkville Area Chamber of Commerce and chairman of the United Community Fund.

In retirement, Doug served on several boards of directors, including BankFirst Financial Services and Tenergy's, LLC. He also served on the board of the Spotted Saddle Horse Breeders' and Exhibitors’ Association, and his family enjoyed showing spotted Tennessee Walking Horses. An avid sportsman, Doug enjoyed spending time improving wildlife habitats for quail, deer and turkey by developing food plots and also focused on improving aquatic habitats.

Doug was named Mississippi Wildlife Conservationist of the Year in 2003.

Doug served the Mississippi National Guard as a Sergeant First Class. He was a member of First Baptist Church, Starkville, where he served as deacon and was instrumental in the restoration of the chapel.

He also worshipped at Emmanuel Baptist Church and New Covenant Church.

Doug is survived by his wife of 61 years, Mozelle (Williams) Herring; two children, Kimberly Leigh Herring Parrott (Steve) of Starkville, and Todd Ashley Herring of Hefei, China; three grandchildren, Joshua Lee Parrott of Boone, N. C., Ashleigh Grace Parrott of Starkville, and Natalie Kristen Parrott of Starkville; one sister, Billie Jo Herring Renfrow (Glenwood) of Brandon; and two nephews: Phil Renfrow (Mary) of Murphy, Texas,

and Steve Renfrow of Brandon. His parents, William Eason Herring and Pauline Virginia Murphy Herring who resided in Kalem, MS, preceded him in death.

A service was held at First Baptist Church, Starkville, on August 12 celebrating Doug’s life. In lieu of flowers, memorial donations may be made to: The Palmer Home for Children, P.O. Box 746 Columbus, MS 39703; First Baptist Church, 106 East Lampkin Street, Starkville, MS 39759; Emmanuel Baptist Church, P.O. Box 1763, Starkville, MS 39760; or New Covenant Baptist Church, 200 Garrard Road, Starkville, MS 39759.

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Around the State THE MISSISSIPPI BANKER

Merchants & Marine Bank announces Promotions, executive leadership team Royce Cumbest, Chairman and Chief Executive Officer of Merchants & Marine Bank has announced several key promotions, including the promotion of Clayton Legear to Bank President. Legear succeeds Cumbest as Bank President.

Legear will be joined in leading M&M Bank by a seasoned executive leadership team. Members of the executive leadership team include: Jimmy Conyers, promoted to Executive Vice President and President of the Bank’s Alabama Market; Mack Rushing, promoted to Executive Vice President/Chief Lending Officer; Kristi Burge, promoted to Executive Vice President/Chief Retail Banking Officer; and Elise Bourgeois, who serves as Executive Vice President/Chief Financial Officer.

Cumbest remarked, “These promotions reflect the extraordinary talent of our executive leadership team. Clayton’s experience, community involvement and leadership qualities ideally qualify him to lead this strong team.”

Legear has served as a member of M&M Bank’s senior management team for 7 years, and as Executive Vice President / Chief Operating Officer for the last 2 years. In this role, he oversaw a significant Legear majority of the Bank’s operations, business lines and strategic initiatives. Legear is a native of Webb, Alabama, and is a graduate of Troy University. He is also a graduate of the Graduate School of Banking at LSU, Leadership Jackson County, and Leadership Mississippi. Legear is actively involved in numerous charitable, civic and professional organizations, including: United Way of Jackson and George County, the Jackson County Chamber of Commerce, the Pascagoula Rotary Club, and the Mississippi Bankers Association.

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Conyers, has over 15 years of banking experience, and has worked with M&M Bank for 7 years. He has extensive experience in commercial lending, relationship management and Conyers business development.

Conyers most recently served as Senior Vice President / Senior Banking Officer of the Bank’s Baldwin County Market.

He is a graduate of Auburn University and the Graduate School of Banking at LSU. Conyers currently serves on the City Council in Fairhope, Alabama, and is actively involved in numerous civic and charitable organizations in Baldwin County, Alabama.

Rushing has worked in numerous roles within M&M Bank since being hired as a management trainee in 1988.

He has extensive experience in commercial lending, credit analysis Rushing and portfolio management, and most recently served as the bank's Senior Vice President/Senior Lending Officer. Rushing is a graduate of the University of Southern Mississippi and the Graduate School of Banking at LSU. Burge has over 25 years of banking experience, with over 12 years of service at M&M Bank. She has extensive experience in all facets of retail banking, bank operations and talent Burge development. She most recently served as Senior Vice President/Senior Administrative Officer. Burge is a graduate of Mississippi Gulf Coast Community College and the Graduate School of Banking at LSU.

THE MISSISSIPPI BANKER

Bourgeois has over 30 years of broad ranging experience in public accounting, auditing and financial management. She has worked with M&M Bank for 12 years, and has served Bourgeois as the bank’s Chief Financial Officer since 2010. Bourgeois is a graduate of Northeast Louisiana University, and is a Certified Public Accountant.

MYB

CONVENTION

March 9-13, 2019

Around the State THE MISSISSIPPI BANKER

Charter Bank elects Dave Dennis Chairman of the Board of Directors

Charter Bank is pleased to announce the election of Dave Dennis as Chairman of the Board of Directors for Charter Bank. Dennis joined the Charter Bank Board of Directors in 2017 and Dennis was elected Chairman at the June Board of Directors meeting this year.

Dennis is President of Specialty Contractors & Associates, Inc., a commercial and industrial subcontractor in Gulfport with many years of business and financial experience. Dennis was appointed to the New Orleans Federal Reserve Board

in 2001 and was elected as Chairman of the New Orleans Federal Reserve Board in 2002 where he served three full terms as Chairman during his tenure on the New Orleans Federal Reserve Board.

“I am excited about the contribution Dave will bring to our Charter Bank team as Chairman of the Board, with his tremendous knowledge of banking, exceptional business experience and community leadership,” said Charter Bank CEO Greg Cronin.

Dennis’ prolific record of participation in community, civic and industry include serving as Executive Committee member of the Mississippi Economic Council and the Gulf Coast Business Council, Chair-

man of Leadership Mississippi, Chairman of Mississippi Gulf Coast Chamber of Commerce, State Chairman of Salute to Business and Industry, President of the Gulf Coast Economic Council, Chairman of the Walter Anderson Museum of Art, and State Chairman of BIPEC. He has been recognized as the Boy Scouts of America’s Distinguished Citizen of the Year, Mississippi’s Volunteer of the Year by the Mississippi Economic Development Council, National Volunteer of the Year by the Southern Economic Development Council, John R. Blossman Humanitarian of the Year and recipient of the DAR’s National Community Service Award.

Dr. Karama Neal named president of Southern Bancorp Community Partners Southern Bancorp, Inc. CEO Darrin Williams announced today that Dr. Karama Neal has been named President of Southern Bancorp Community Partners (SBCP), a Neal 501(c)(3) development finance organization and loan fund.

SBCP works alongside, and in partnership with, Southern Bancorp, Inc. and Southern Bancorp Bank to increase access to capital in underserved markets through financial education support, public policy advocacy, and flexible lending.

“After a national search, I’m proud to announce that the SBCP Board of Directors has selected as the organization’s next president, Dr. Karama Neal, SBCP’s current chief operating officer and an industry leader in the area of financial inclusion and economic mobility,” said Williams.

Joining SBCP in 2009 as a senior grant writer, Dr. Neal has risen through the organization’s ranks to her current position in which she manages

family economic security and public policy programs as well as personnel.

“My personal mission centers on promoting equity in opportunity, and given SBCP’s focus on economic opportunity in disinvested areas, I am honored to be selected its next leader,” said Neal. “Our strong, committed team helps so many people reach their goals, and I am excited and humbled to be able to continue and expand this important work of helping our clients and customers build lasting wealth.”

Dr. Neal’s most recent work has included leading efforts to create a Bank On Arkansas coalition that will encourage financial institutions and others to offer products and services to Arkansans who are underbanked and unbanked, as well as the development of Southern Bancorp’s new Opportunity Center initiative, which is aimed at connecting community members with Southern’s unique combination of financial development and lending services, both in branch and online.

“Dr. Neal’s extensive leadership abilities have been demonstrated time and again over the years,” said Herman

Davenport, Chair of SBCP’s Board of Directors. “These skills, coupled with her innovative and scientific approach to economic behavior and policies, will be key as SBCP seeks to grow its impact alongside Southern Bancorp in new communities.”

A Little Rock native and Central High School graduate, Dr. Neal received her bachelor’s degree from Swarthmore College in Pennsylvania, her master’s degree in bioethics and health policy from Loyola University in Chicago, and her PhD in genetics and molecular biology from Emory University in Atlanta. She is also a graduate of the Impact Investing Programme at the Said Business School at the University of Oxford.

Dr. Neal is active on both local and national boards, including serving as a trustee of the Mary Reynolds Babcock Foundation, a steering committee member of the Arkansas Asset Funders Network, a commissioner for the Arkansas Access to Justice Commission, and member of the board of directors for the Federal Reserve Bank of St. Louis’ Little Rock Branch.

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Around the State THE MISSISSIPPI BANKER

The Peoples Bank, Biloxi, announces Appointment of three directors to board The board of directors of Peoples Financial Corporation, parent of The Peoples Bank, Biloxi, announces the appointment of Padrick D. Dennis, George J. Sliman, III, and A. Tanner Swetman to the board of The Peoples Bank.

“We are delighted to have Padrick, George and Tanner join our bank board,” said Chevis C. Swetman, Chairman, President and Chief Executive Officer of the holding company and the bank.

“Their leadership, comprehensive business experience, distinguished education and active community involvement will expand the insight of our board,” he added.

Padrick Dennis joined Specialty Contractors and Associates, Inc. in 2010 and currently serves as Vice President of Construction and Operations.

Dennis earned a Juris Doctor from the University of Mississippi School of Law, grad- Dennis uating Summa Cum Laude and also holds a Bachelor of Arts degree (Politics) and Bachelor of Science degree (Accounting and Business Administration) from Washington & Lee University, graduating Summa Cum Laude. He is involved in several community organizations including Trinity United Methodist Church, the Missis-

sippi Economic Council’s Board of Governors, Coast Young Professionals, Gulf Coast Carnival Association, Gulfport Gridiron Club and the Mississippi Gulf Resort Classic’s Ambassador Club.

George Sliman is Director and President of SunStates Holdings, Inc., a privately-held real estate investment company. Sliman’s responsibilities include financial reporting, risk management, informa- Sliman tion technology and special projects. In addition, Sliman is a general partner and managing member of several privately-held investment entities.

A retired Certified Public Accountant, Sliman previously worked as a staff accountant in the audit and tax divisions of Peat, Marwick, Mitchell and Company. He graduated from Springhill College Magna Cum Laude and earned a Masters of Business Administration from the Wharton School of Business at the University of Pennsylvania. Sliman’s community service includes serving on the Finance Committee of the School Advisory Council for St. Alphonsus Catholic Elementary School and previously served as a board member of the Walter Anderson Museum of Art.

Ta n n e r Swe t m a n joined The Peoples Bank full time in 2005 and has held several diverse management positions in the bank and currently serves as Vice President for Corporate Swetman Affairs. Swetman has oversight responsibility for the Business Development, Investment, Branch Administration and Property departments.

He also serves as Chairman of the Asset Liability Committee and is a member of the Investment and Trust committees.

Swetman holds a Bachelor of Science in Business Administration with an emphasis in Management from the University of Southern Mississippi. He also completed the Mississippi School of Banking at the University of Mississippi, the Graduate School of Banking at Louisiana State University and the University of Chicago Booth School of Business Executive Development Program. Swetman is actively engaged in numerous community organizations serving as a board member of Biloxi First, the Biloxi Yacht Club and the St. Patrick Alumni Association. Additionally, he is a member of the Gulf Coast Sigma Chi Alumni Association, Gulf Coast Carnival Association, the Order of Mithras and a Den Leader for Cub Scout Pack 211.

'A Banker in Every Classroom' WEEK presented by The Mississippi Bankers Association

Financial education for students Connecting bankers and teachers Tools for classroom presentations

October 29 November 2 2018

Contact Amy Davis|601-948-6366|adavis@msbankers.com|msbankers.com 6

THE MISSISSIPPI BANKER

Government Relations THE MISSISSIPPI BANKER

MissBankPAC fundraising off to good start MissBankPAC, the political action committee sponsored by the MBA, recently kicked off its 2018 fundraising campaign. Bank and banker contributions made this year will have a direct impact on the 2018 Congressional elections – including two elections to the U.S. Senate – as well as next year’s state legislative elections. These elections could have a significant impact on the banking industry.

Fundraising efforts began in June, and progress is well underway toward meeting the respective goals set for the state fund and federal fund. The state fund has a goal of raising $105,000 in 2018. At the time of publishing, the state fund had already raised $83,710 or 80% of that goal. The federal fund has a goal of raising $25,000 this year. The federal fund is off to a slower start having raised $12,620, or 50% of its $25,000 goal.

MissBankPAC state fund supports candidates for state legislative and appellate judge positions, and anticipates supporting some judicial candidates in

2018. The PAC’s federal fund participates in Congressional elections and has been actively supporting candidates for the U.S. Senate and House of Representatives this year. Different rules govern fundraising by each fund. The state fund can accept corporate contributions, while the federal fund cannot. And, while state banks can make corporate contributions, national banks generally may not. Gordon Fellows, MissBankPAC Treasurer, works to assure compliance with all fundraising rules.

The MissBankPAC Board of Directors oversees fundraising and makes decisions on campaign contributions after receiving feedback from local bankers in each legislative district. Chuck Nicholson of Community Bancshares in Brandon chairs the committee of Missis-

2018 MissBankPAC Contributions STATE $105,000

110 100

sippi bankers that governs MissBankPAC. In a letter to bank CEOs, Nicholson stated “Mississippi bankers have always pulled together to make a difference in the political process. An effective way to do this is through MissBankPAC.” The PAC directs its fundraising efforts to member bank CEOs, who are encouraged to conduct in-bank fundraising campaigns or, if eligible, to make corporate contributions. MissBankPAC does not directly solicit individual bank employees for contributions. If requested the PAC will assist CEOs in internal fundraising by providing materials or by meeting with bank boards or officers.

Fellows is available to provide additional information and assist bankers in learning how they can provide support to MissBankPAC. Bankers are also encouraged to contact the MBA to share their opinions on local legislative candidates. Fellows can be reached by telephone at 601-9486366 or email gfellows@msbankers.com.

Annual MBA Washington Visit September 9-12, 2018

GOAL $83,710*

90 80 70 60 50 40

FEDERAL

30

$25,000

20

GOAL

10

CONTACT

$12,620* * as of 8/9/18

Gordon Fellows 601-948-6366 gfellows@msbankers.com JULY|AUGUST 2018

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‘SHE COMES FROM A BANKING FAMILY’ Mary Childs is 130th Chairman Of Mississippi Bankers Association

When it is said of The Peoples Bank of Ripley’s Mary Martin Childs, “She comes from a banking family,” nothing could be truer. Her father is Chairman of the Board; Mary is Vice Chairman, CEO, President and Chief Operating Officer; and her son is a senior officer and Board member. Mary has earned her way up the ladder of success, both in banking and in the Mississippi Bankers Association. In 2012, she was named first female president and CEO at The Peoples Bank of Ripley.

As she assumes the chairmanship of the MBA, Mary is making history yet again.

Mary grew up in the small town of Tiplersville and graduated from Walnut High School. Seeing firsthand the difference her father was able to make as a banker, she studied banking and finance at Mississippi State University, earning her bachelor’s degree in three short years.

Upon graduation, she chose the road less traveled in banking families and earned her way into the management training program of Bank of Mississippi (now BancorpSouth). Initially assigned to Tupelo, she later transferred to Corinth following Bank of Mississippi's expansion there.

A decade into Mary’s career, Mrs. OC Thomas, head of operations at The Peoples Bank of Ripley, announced her intention to retire. Soon thereafter, Mrs. Thomas went to CEO Bobby Martin and told him: “You need to hire Mary.” Mary “returned home” to train under Mrs. Thomas until her retirement. “She was a very smart banker and will always hold a special place in my heart,” Mary says of Mrs. Thomas.

Mary joined The Peoples Bank of Ripley as Assistant Cashier on April 10, 1990. Well aware of her dad’s favorite expression when managing by walking around (“Are you working?”), Mary worked hard and was promoted to cashier 11 years later. She also was elected to the Board of Directors in the interim. Along with the Cashier title came duties as Vice Chairman and Chief Operations Officer.

Having “earned her stripes,” in 2012, she 8

THE MISSISSIPPI BANKER

"I learned early in life, through watching my dad, that a career in banking could be very rewarding.

Being a community banker enables you to help people make their dreams come true and improve the quality of life in your community.”

Mary Childs Vice Chairman, CEO, President and Chief Operating Officer The Peoples Bank, Ripley

was elevated to her current position of President and Chief Executive Officer.

Mary is a hands-on, customer-centric banker who is truly a person in and of the communities and customers she serves. “I consider it a special blessing and privilege to be able to work with both my dad and my son on a daily basis," she said. “Most people are never given such a unique opportunity to serve alongside one another.”

“My dad began his banking career when I was about two years old,” Mary recalls. “I remember many visits to the bank as a little girl and attending many bank and community functions with my parents. I learned early in life, through watching my dad, that a career in banking could be very rewarding. Being a community banker enables you to help people make their dreams come true and improve the quality of life in your community.”

In a recent publication Mary noted: “I followed my father into the banking business, even worked elsewhere to gain valuable experience away from my hometown. Having the opportunity to work at The Peoples Bank of Ripley is an honor, a privilege and a pleasure. Serving you (our customers) is what we are all about, and working with our wonderful fellow staff members is a delight.

Every day I look forward to coming to work. I see individuals grow and prosper, families creating generations of memories together, and this county prospering from the hard work of genuinely honest people. Thank you for the opportunity to work, pray, prosper and play together.”

The Peoples Bank has had a long history with the Mississippi Bankers Association. Bobby Martin, Mary’s father, served as the 104th Chairman of the Association in 1992-93. Becky Benson, the bank’s current Senior Vice President of Marketing and Human Resources, was the first female President of Mississippi Young Bankers in 2003. Bob Glover, Mary’s son, is currently serving as President of MYB. The management team of The Peoples Bank has always encouraged staff participation in MBA and MYB activities.

Mary recognizes the value of being active in the association and industry. “Building life-long relationships and networking with fellow bankers is one of the greatest

TOP: Cary and Mary Childs with their grandchildren, L to R, Graham, 2, Pierce, 4 months, and Snow, 4.

BOTTOM: L to R, Mary and Cary Childs in Rhode Island, Bobby and Barbara Martin at the 2018 MBA Convention.

"How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and strong. Because someday in your life you will have been all of these.”

George Washington Carver benefits,” she stated. “There are occasions when you might need some information or an opinion about something or someone, and it is priceless to know a trusted fellow banker you can call.”

When Mary remembers the start of her banking career in 1980, one thing she specifically recalls is the rise of interest rates to unthinkable highs of 17 to 21 percent.

Bank operations were also very different then. She remembers staying after regular hours on many occasions to count checks and “make statements.” Many processes of the bank were still manual. “Technology has certainly changed the banking environment and continues to do so at a very

rapid pace, and one of the challenges faced by community banks today is keeping up with technological advancements using limited resources,” Mary said. “We must be diligent in our decisions and provide the products and services our customers desire in order to maintain market share. Despite this and other challenges we face, community banking will always be a vital part of the financial industry.

We know and care about our customers, and personal service is what we do best.”

More than a banker and a professional woman, Mary is a wife, mother and CONTINUED on page 10 JULY|AUGUST 2018

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CONTINUED from page 9 grandmother (“Lolly”) of three youngsters. She is married to Cary Childs, also from Ripley. Cary raises cattle and owns a custom fertilizer application business. Her son, Bob Glover, who is Senior Vice President and Investment Officer at the Bank, is married to the former Amberly Dean of Starkville, and they have three children, Snow, 4, Graham, 2, and Pierce, 4 months.

Much of Mary’s strength of character comes from her mother Barbara. While her dad has been the face of the family for years, Barbara is a strong and independent woman. After Mary was born, her mother gave up her public work life to stay home and take care of her family. Barbara is very strong willed and loves to argue a point. She has always been a supporter and encourager of the endeavors of her family members.

Banking and family are keys to Mary’s heart but so is service to the greater community. She currently serves as chairman of the Health Care Foundation of North Mississippi, and is a board member of the CREATE Foundation, the Boys & Girls Club of North Mississippi, the Mississippi State University College of Business Executive Advisory Board, and the Northeast Mississippi Community College Foundation Board. She serves as treasurer of the Tippah County Mississippi State University Alumni and is a volunteer in the Tippah County 4-H program. Mary also is past chairman of the Board of Trustees of Blue Mountain College and a past member of the Mississippi State University Foundation Board. Mary is a member of First Baptist Church, Ripley, and currently serves as church clerk and a member of the Budget & Finance Committee.

In her limited leisure time, she spends much of it with her family, especially the grandchildren, and attends Mississippi State sporting events, a big family tradition in the Childs, Glover and Martin households. Mary and Cary also enjoy traveling. Some of their favorite places are Alaska and Yellowstone where the magnificence of God’s creation is so prevalent.

Mary’s resume of activity in the Mississippi Bankers Association is long. She served a three-year term on the MBA board of directors prior to serving as MBA Treasurer, Vice Chairman and Chairman. She 10

Mary with son Bob Glover and father Bobby Martin at The Peoples Bank of Ripley main office.

also has served as president of the MBA Education Foundation, as chairman of the Women in Banking Conference, and as a member of the Legislative Committee.

“Mary is a hard working, hands-on, true community banker and bank executive who represents the best in community banking,” said lifelong friend Vance Witt, chairman of BNA Bank, New Albany, and a past MBA chairman. “It is appropriate that she be elected to chair our association.”

“It is an honor for me to be elected to serve as the 130th and first woman chairman of the Mississippi Bankers Association,” Mary noted. “The fact that I have been allowed the opportunity to serve and represent the banking industry that has been such a big part of my life for as long as I remember is very humbling to me.”

As MBA Chairman, Mary looks forward to continuing to implement changes and work toward meeting the goals set forth in the association’s strategic plan.

“Fortunately, we have seen some regulatory relief through the passing of S. 2155

THE MISSISSIPPI BANKER

and various regulatory agency rulings,” she commented. “As we continue to advocate for more changes, we will be attentive to new issues that have potential to affect our industry.” Mary also is excited to be able to work with the Mississippi Young Bankers. “We are so fortunate to have so many intelligent and energetic young bankers involved in our association. As you talk with them and watch them grow as leaders, it is evident that the future of our industry is in more than capable hands.”

The new MBA chair also looks forward to working with the MBA staff to meet industry challenges and implement the transition set forth in the succession plan.

“The MBA is extremely fortunate to have a great staff. They are a group of dedicated and very capable people who care about our association and our member banks,” she said. “They strive to provide the products and services our Mississippi banks need to set up for success and to make our banking industry strong.”

McKee, Anderson elected MBA officers for 2018-19 Greg McKee, Vice Chairman Greg McKee, president and chief executive officer of The Citizens Bank of Philadelphia, has been elected Vice Chairman of the Mississippi Bankers Association.

As Vice Chairman, McKee McKee serves on the MBA’s Board of Directors and Executive Committee, and as president of the MBA Education Foundation.

McKee joined The Citizens Bank of Philadelphia 36 years ago. He is a graduate of Meridian Community College and Mississippi State University.

As a senior at Mississippi State, McKee was named Orrin Swayze Scholar by the MBA’s Young Bankers Section in recognition of his scholastic achievements as a banking and finance major. He also is a graduate of the Graduate School of Banking at Louisiana State University.

McKee’s involvement in the MBA includes a three-year term on the Board of

Andy Anderson, Treasurer Directors, and serving as a member of the MBA Legislative, Insurance, Nominating, Strategic Planning and Compensation committees. He previously served on the Board of Trustees of the MBA group medical insurance program. In addition, McKee served as Mississippi’s representative on the American Bankers Association Community Bankers Council. His community activities include service on the Mississippi State University Department of Finance Advisory Board and the board of directors of First National Bankers Bank. He is a past president of the Rotary Club and Chamber of Commerce in Philadelphia. McKee is an active member of First Pentecostal Church.

McKee resides in Philadelphia with his wife, the former Linda Luke. They have two daughters, Lauren McKee (Cordova, Tenn.) and Meredith Humphries and her husband, Evan (New Hope). McKee is the son of Carolyn McKee and the late Tommy McKee of Philadelphia.

SAVE THE DATE - 2018 UPCOMING MBA EVENTS Aug 28

MBA Call Report Seminar

Sep 6-7

MBA Compliance Conference

Sep 26-27

MYB Leadership Conference

Oct 3-4

MBA Security Conference

Oct 10-11

MBA Communications Conference

Oct 29 - Nov 2 'A Banker in Every Classroom' Week Nov 1

MBA Wealth Mgmt. Conference

VISIT MSBANKERS.COM

Andy Anderson has been elected Treasurer of the Mississippi Bankers Association.

As Treasurer, Anderson serves on the MBA Board of Directors and Executive Committee.

Anderson Anderson serves as President, Chief Executive officer, Chief Financial officer and Director of Bank of Anguilla. He has over 35 years of banking experience, all with the Bank of Anguilla. Anderson received his bachelors and masters of business administration degrees from the University of Mississippi. He is also a graduate of the Graduate School of Banking at LSU. His involvement in the MBA includes service on the Board of Directors and Executive Committee, and chairing the association’s Legislative and Compliance/ Audit committees. He currently serves on the board of MissBankPAC, the MBAsponsored political action committee.

In national banking affairs, Anderson is a member of the American Bankers Association’s Community Bankers Council and has served on the ABA Government Relations Council, Professional Development Council, and Membership Council.

He serves on the Conference of State Bank Supervisors Bankers Advisory Board and the Board of Directors of the Community Development Bankers Association.

Active in his community, Anderson is on the board of Rolling Fork Visitor Center and Museum, Treasurer for Delta Council, and a past president and current member of the local Rotary Club. He has coached youth baseball for 23 years and high school baseball and softball for 13 years. He served as the play-by-play announcer for football and basketball at Sharkey-Issaquena Academy for approximately 23 years. He is an active member of First Baptist Church, where he serves as a deacon and is on various committees.

Anderson and his wife, Tracye, have two children, son Ryan and daughter Marlee.

JULY|AUGUST 2018

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Six bankers elected to three-year terms on MBA board Robbie Barnes, Group 6 Robbie Barnes of Magee has been elected to represent Group 6.

Barnes is president and chief executive officer of PriorityOne Bank, headquartered in Magee and operating Barnes in 15 locations in south and central Mississippi. Since joining PriorityOne Bank as a college student in 1983, Barnes has held numerous officer positions in his 35-year career with the bank. After attending Magee High School and Copiah-Lincoln Community College, he earned a bachelor's degree in Business Administration from the University of Southern Mississippi. He later graduated from the Graduate School of Banking at LSU. He has served the MBA as a member of its Legislative and Nominating committees. Very active in the Independent Community Bankers of America, Barnes currently serves on the ICBA Federal Delegate Board.

Barnes is a past president of the Simpson County Development Foundation, the Magee Chamber of Commerce and the Magee Lions Club. Other civic involvement includes serving as chairman of the Adopt-a-School program and as a founder of Simpson County's Youth Leadership program.

He and his wife, Melissa, are the parents of two daughters, and they have five grandchildren.

Allen Breland, Group 5 Allen Breland of Forest has been elected to represent Group 5.

Breland is president and chief executive officer of Bank of Forest, a position he has held since 2013. He has 38 years of banking ex- Breland perience, the last 31 with Bank of Forest. Breland earned a bachelor's degree and a Master of Business Administration degree from the 12

University of Mississippi. He is a graduate of the Mid-South School of Banking, the Central Bank Commercial Lending School, the LSU Consumer Credit Lending School, and the Oklahoma School of Lending. Breland's involvement in the MBA includes serving on the Board of Trustees of the association's group medical program, as well as the MBA Legislative and Nominating committees. He is a past president of the Mississippi Young Bankers section of the association.

His extensive community activities include service as president of the Forest Chamber of Commerce and the Forest Rotary Club. He is active in the Forest United Methodist Church, where he has held numerous leadership positions.

Breland and his wife, Mitzi, have two adult children.

Mike Ellard, Group 7 Mike Ellard of Natchez has been elected to represent Group 7.

Ellard is president and chief credit officer of United Mississippi Bank in Natchez. He has 35 years of banking experience, the last Ellard 12 years with United Mississippi Bank. He earned a Bachelor of Arts degree in history and a Master of Business Administration degree from Mississippi State University. He also is a graduate of the Graduate School of Banking at Louisiana State University and holds the American Bankers Association's Lender of Business Banking certification.

Ellard's extensive community activities include serving as a past president of the Lions Club, United Way and American Heart Association in Natchez. He was appointed by Gov. Haley Barbour to the board of Mississippi Prison Industries Corp. Ellard is a former adjunct instructor at Copiah-Lincoln Community College and Alcorn State University in Natchez.

He is an active member of the Miss-Lou Mississippi State University Alumni Association and the MSU Bulldog Club.

THE MISSISSIPPI BANKER

John Hairston, Group 8 John Hairston of Gulfport has been elected to represent Group 8.

Hairston is president and chief executive officer of Hancock Whitney Corporation, the parent company of Hancock Hairston Whitney Bank, which has offices in Mississippi, Alabama, Florida, Louisiana and Texas. He has served as CEO since 2014, having previously served in various executive positions with the bank since 1994. He is a magna cum laude graduate of Mississippi State University with a bachelor's degree in chemical engineering. His extensive involvement in the MBA includes chairing the association’s Legislative Committee and service on the board of MissBankPAC, the association’s political action committee. He has been involved in industry affairs on a national level, having served on the Board of Directors of the American Bankers Association, as well as chairing the ABA’s Financial Education and Advocacy Committee, chairing the American Bankers Council, and co-chairing the ABA’s Dodd-Frank Task Force. A strong supporter of banker education, Hairston has served on the faculty at the Graduate School of Banking at LSU. Hairston is active in numerous business, community, economic development and educational initiatives. He has received gubernatorial appointments to serve as Director of the Board of Mississippi Information Technology Services and as a member of the Mississippi Gaming Commission. He currently co-chairs Governor Phil Bryant’s GoCoast 2020 Commission Tourism Committee and chairs the Gulf Coast Business Council.

He is a past chair of the Gulf Coast United Way and the American Heart Association Heart Walk. He is a trustee and executive committee member of the World War II Museum in New Orleans. He serves on the Mississippi State University Bulldog Foundation board and is a past chair of the MSU College of Business Executive Advisory Board.

Jeff McCoy, Group 5 Jeff McCoy of Meridian has been elected to represent Group 5.

McCoy is president and chief executive officer of Great Southern Bank in Meridian. In his 39-year banking caMcCoy reer, he has held executive positions with Great Southern and several other Mississippi banks. A native of DeKalb, McCoy earned a bachelor's degree in banking and finance at Mississippi State University. He also is a graduate of the Graduate School of Banking at Louisiana State University. His previous participation in the MBA has included service on the Legislative and Nominating committees.

Among his civic involvement, McCoy serves on the boards of the Choctaw Area Council of Boy Scouts of America, Meridian Community College Foundation, East

Mississippi Business Development Corporation, and Aldersgate Senior Services Center. He also is a member of the East Central Planning and Development District Loan Committee.

McCoy and his wife, Ethel Ann, are members of Central United Methodist Church in Meridian. They have two children and four grandchildren

Chuck Nicholson, At Large Chuck Nicholson of Brandon has been elected to an at-large position on the Board of Directors Nicholson is president and chief executive officer of Community Bancshares of Mississippi, the parent company Nicholson of Community Bank, which has offices in Mississippi, Alabama, Florida and Tennessee. He has 38 years of banking experience, the last 20 years

with Community Bank. He earned a bachelor's degree in business from the University of Mississippi and is a graduate of the Graduate School of Banking at LSU. Additionally, he holds several designations from the American Institute of Banking.

Among his extensive involvement in the MBA, Nicholson currently serves as chairman of MissBankPAC, the association's political action committee. He is a past chairman of the Board of Trustees of the MBA's Mississippi School of Banking, and he serves on the MBA Legislative Committee. Nationally, he represents Mississippi on the Government Relations Council of the American Bankers Association.

Nicholson's extensive civic involvement includes current service on the boards of the Methodist Children's Home of Mississippi, the Mississippi Economic Council, and Community Foundation of Mississippi.

He has served in leadership positions with numerous other organizations.

Nicholson and his wife Lisa have two daughters and three grandchildren.

Jones, Webb, Glover join MBA board as ex-officio members Webb, chief executive officer of Community Bank's North Mississippi Region, joins the MBA board as chairman of the association’s new Education Committee. A former Webb elected member of the MBA board, Webb is a past chairman of the Board of Trustees of the Mississippi School of Banking. He is a longtime member and past chairman of the MBA Legislative Committee and has represented Mississippi as a member of the ABA Government Relations Council.

Glover, vice president, investment and security officer with The Peoples Bank of Ripley, joins the MBA board as the current Mississippi Young Bankers president.

He previously served as MYB treasurer and vice president, and he chaired the section’s scholarship committee. Glover

currently serves as a member of the ABA’s Emerging Leaders Committee. He is a member of the MBA Education Foundation’s board of directors and the MBA Legislative Committee. Glover

SAVE DATE THE

Brad Jones of Meadville, Mike Webb of Tupelo, and Bob Glover of Ripley have joined the MBA Board of Directors in newly created ex-officio, non-voting positions. Recent bylaw changes added the chairmen of MBA Legislative and Education committees, and the president of Mississippi Young Bankers section to the association board.

Jones, chief executive officer of Bank of Franklin, comes to the board as chairman of the Legislative Committee.

Jones previously served as an elected member of the MBA board, and he Jones is a past chairman of the Board of Trustees of the Mississippi Bankers VEBA Plan & Trust. He currently is a member of the board of MissBankPAC. He also has served on the MBA Legislative and Bank Attorneys committees.

April 7 -13, 2019

50th SESSION MISSISSIPPI SCHOOL OF

BANKING JULY|AUGUST 2018

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Affiliate Tailgating Party "kicks off" MBA's fall season The Mississippi Bankers Association hosted a "Tailgating Party" on Tuesday, August 7, to thank Affiliate members for their support and kick off the fall season of MBA programs and activities.

Approximately 115 firms and companies support the MBA as Affiliate members, participating in association activities and providing products and service to MBA member banks. There were about 80 representatives of MBA Affiliates in attendance at the Tailgating Party.

Also attending were bankers from the MBA leadership and the association staff.

Attendees were treated to barbecue and other food and refreshments.

They also received materials providing information on the "fall schedule" of MBA events and activities.

"We want our Affiliates to know how much they are appreciated, and their support fuels the success of the MBA and our member banks," said Mac

Vicky Franklin joins Association staff

Deaver, MBA president. He noted that MBA Affiliates provide support in many ways, including participation in the annual MBA trade show and other educational events, as well as through sponsorships, advertising and other means.

Brooke McCoy, MBA marketing manager, organized the tailgating event. For more information on the MBA Affiliate program, firms and companies may contact McCoy at 601948-6366 or bmccoy@msbankers.com.

V i c k y Fr a n k lin has joined the Mississippi Bankers Association staff in the position of administrative ass i s t a n t . In t h i s full-time position, Franklin she supports MBA operations, programs and events, and serves as office receptionist.

A native of Clinton, Franklin comes to the MBA from the Mississippi College School of Law in Jackson, where she served as a faculty assistant. She was previously employed with Angel Corporation in Winona.

Franklin attended Hinds Community College and Mississippi College.

She resides in Clinton with her husband, Van, and their two children, Brady, 3, and Jonathan, 1.

bringing

wellness home 14

THE MISSISSIPPI BANKER

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

Preceding Chairman Retiring Chairman

Jerry Host

Trustmark Bank Jackson

At Large

Chuck Nicholson

Gee Gee Patridge

Citizens Bank & Trust Co. Community Bancshares Marks Brandon

Group 1

Mark Tapp

Farmers & Merchants Bank Baldwyn

Group 5

Jeff McCoy

Frank Sibley

At Large

Group 2

Steve Gresham

At Large

Group 3

Alan Hargett

Danny Whalen

Robbie Barnes

Shannon Aker

Geat Southern Bank Meridian

PriorityOne Bank Magee

Bank of Brookhaven Brookhaven

Ex-Officio

Ex-Officio

Ex-Officio

First Choice Bank Pontotoc

BancorpSouth Tupelo

Group 3

Group 7

Shane Clayton

Dan Rollins

BankPlus Ridgeland

Group 4

Bank of Holly Springs Planters Bank & Trust Co. Cleveland State Bank Holly Springs Indianola Cleveland

Group 6

Group 1

Group 5

Eddie Hammond Bank of Winona Winona

Group 7

Mike Ellard

United Mississippi Bank Natchez

Allen Breland Bank of Forest Forest

Group 8

John Hairston

Hancock Whitney Bank Gulfport

MBA EXECUTIVE COMMITTEE

Bob Glover

The Peoples Bank Ripley

Brad Jones

Bank of Franklin Meadville

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

JULY|AUGUST 2018

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Graduate School of Banking THE MISSISSIPPI BANKER

19 Mississippians among 185 graduates At Graduate School of Banking at LSU On June 1, one hundred eighty-five bankers received graduation diplomas from the Graduate School of Banking at Louisiana State University. Nineteen of the graduates were Mississippians.

This three-year program provides courses covering all aspects of banking, economics and related subjects.

Students traveled from 22 states and Mexico to participate in this session.

Sponsored by the Mississippi Bankers Association and 14 other southern state bankers associations in cooperation with the Division of Continuing Education at LSU, the banking school requires attendance on campus for three years, with extensive bank study assignments between sessions. The faculty consists of bankers, business and professional leaders,

and educators from all parts of the U.S. During three summer sessions at the Graduate School of Banking, students receive 180 hours of classroom instruction, planned evening study, and final

examinations at the end of each session.

Through 2018, 1,752 Mississippi bankers have graduated from the Graduate School of Banking at LSU.

2018 Mississippi Graduates Shinna K. Anderson Holmes County Bank & Trust Lexington

Jody Dawson First American National Bank Iuka

Ryan McInnis Bank of Yazoo City Yazoo City

Clinton Brooks Aycock Trustmark Bank Jackson

Adam Craig Espey First State Bank Meridian

LaRoy T. Savage Trustmark Bank Jackson

Jason M. Bowlan First Security Bank Olive Branch

Jason Paul Giachelli Southern Bancorp Greenville

Ryan Strawbridge Planters Bank & Trust Company Greenwood

Justin Braswell Bank of Commerce Greenwood

Robert Reed Jones Mississippi Department of Banking Jackson

Jonathan Hayes Strickler The First Laurel

Tommy A. Chamblee First American National Bank Iuka

Roy Alan Loudenslager Pike National Bank Summit

Damon J. Williams Bank of Forest Flowood

Jack Davis Cook III Bank of Commerce Starkville

Rabun Jones Luster Jr. First National Bank of Clarksdale Clarksdale

Chase Tyler Winter Mississippi Department of Banking Jackson

Jeffrey Wayne Cox Mississippi Department of Banking Jackson 16

THE MISSISSIPPI BANKER

Graduate School of Banking THE MISSISSIPPI BANKER

Jordan named Director at GSB at LSU; Highfield, Long appointed to VP posts The Executive C om m itte e of t h e Graduate School of Banking at LSU has appointed John Jordan as Executive Vice President and Director of the school. JorJordan dan succeeds Dr. Don Woodland, who retired on June 30 after over 50 years on the GSB staff.

Jordan has a long history of involvement with GSB. He has been a member of the GSB faculty since 1983, and served as president of the school in 2013-14. Jordan has been involved in banker education since 1978, when he

began teaching at the Tennessee School of Banking. In 1985, be became an instructor of asset/liability management at GSB at LSU. He has since served as case coordinator, lecturer and bank similulation adminsitrator at the school.

Jordan recently retired after a 46year career in banking, which included service with a number of institutions in Georgia and Tennessee.

In 1997, he organized The Community Bank of East Tennessee and served as its president until his retirement.

The GSB Executive Highfield

Committee also announced that Dr. Mike Highfield, professor of finance at Mississippi State University and GSB instructor, will serve as Vice President for Curriculum. Highfield will continue duties he assumed in 2017 as coordinator of faculty and curriculum.

Additionally, the Executive Committee announced that longtime GSB staff mem- Long ber Corinne Long will continue to serve as Vice President for Administration, a position to which she was appointed by Dr. Woodland.

Balanced Advice.

Proven Results.

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

www.silassimmons.com

209 N. Commerce Street | Natchez, MS 39120 JULY|AUGUST 2018

17

Products and Services THE MISSISSIPPI BANKER

MBA endorsed products, services deliver value ABA Bond, D&O Insurance Program

The MBA is an endorsed partner of the bond and D&O insurance program offered by ABA Insurance Services, a subsidiary of the American Bankers Association. This bank-owned program has been a stable source of coverage for banks for nearly 30 years, with 1 of 3 participating banks having been with the program for 10 years or more. The program’s reinsurer, American Bankers Mutual Insurance, Ltd., has declared distributions to participating banks for 28 consecutive years, totaling over $84 million. The MBA is one of 31 state bankers associations which currently endorse the ABA bond and D&O insurance program. For more information, call ABA Insurance Services, 800-274-5222 or visit www.aba.com.

CRA Partners/Senior Crimestoppers Program

CRA Partners and Senior Crimestoppers are operated by the Senior Housing Crime Prevention Foundation, headquartered in Memphis, Tenn. The mission of SHCPF is to provide protection and enhanced quality of life for vulnerable senior housing residents through meaningful turnkey CRA compliance for community-focused banks.

The Foundation has developed a 18

low-risk, profitable solution – CRA Partners – for banks of all sizes and charter types to fill their federally mandated Community Reinvestment Act (CRA) requirements in the form of qualified loans, investments or grants through the operation of the nationally acclaimed Senior Crimestoppers Program.

The MBA and 43 other state bankers associations, along with the Independent Community Bankers of America (ICBA) endorse SHCPF. For more information on how your bank and your community, could benefit through participating in this program, visit SeniorCrimestoppers.org or telephone 1-800-529-9096.

KeyState Bank Captive Program

The MBA is proud to endorse KeyState’s Bank Captive Program. This turnkey program allows a bank to benefit by forming and operating its own captive insurance company. The captive augments a bank’s commercial insurance by covering the existing commercial deductible layers, increasing coverage levels on existing policies (excess layers), and identifying other currently unfunded risks to insure where commercial insurance is not available to the bank. KeyState and Crowe LLP, a national CPA firm, guide the bank through an initial evaluation process to determine if the program is a fit for the bank; then, the captive is managed on an ongoing basis by KeyState Captive Management. If properly structured, the captive may allow the bank to take advantage of a significant small business incentive available under the Internal Revenue Code. For more information, contact Travis Holdman, KeyState’s national sales director, 260227-0265 or tholdman@key-state.com.

THE MISSISSIPPI BANKER

Office Depot Purchase Program

This national group purchasing program has saved participants an average of 20-30 percent over their prior office product costs, and also provides important non-dues revenue that directly supports key MBA strategic initiatives including advocacy, education and media relations. Learn more and register online at msbankers.com or contact Simon Sherman at 214-437-3238 or simon.sherman@officedepot.com.

MBA Group Insurance The MBA sponsors a group insurance program that provides a stable source of health benefits for member banks. Coverage is provided by the Mississippi Bankers VEBA Plan & Trust, offering individual, two-party and family coverage through six different plans.

A Board of Trustees governs the trust, and the MBA staff provides administrative support. Blue Cross & Blue Shield of Mississippi handles all claims and administration. Currently, 50 MBA member banks with approximately 2,700 employees participate in the MBA health insurance program.

Stockett & Thomas Agency markets the MBA health program and other endorsed plans. For more information on these plans, contact Chad Stockett or Curt Thomas at Stockett & Thomas, 601-948-3733.

Products and Services THE MISSISSIPPI BANKER

Thumbprint Signature Program

Despite current technology, check fraud costs Americans billions of dollars each year. The MBA is one of a number of state banking associations that have endorsed the Thumbprint Signature Program, which originated with the Texas Bankers Association. This program allows all banks to participate in a unified effort to combat crime by obtaining fingerprints of non-customers who cash checks and make other transactions. The program offers "inkless ink" pads, decals to display at entrances and drive-up windows, teller tent cards and statement stuffers. To place an order, contact the MBA office, 601-948-6366 or visit msbankers.com.

Vizaline

Vizaline’s Viza-Plat product offers protection to banks by helping verify legal descriptions through the use of geospatial imagery. Viza-Plat allows banks to see encroachments, easements and partial releases on real property in connection with property loans and in verifying real estate holdings. And when errors are discovered, Vizaline assists banks in determining a solution. Vizaline typically provides a geo-spatial image to the bank client within 48 hours of receiving a legal description, and the cost starts at only $90 per case. For more information, contact Brent Melton, CEO of Vizaline, at 601-405-1802 or brent@vizaline.com.

Bank, Affiliate members can access Office Depot discount program In 2016, the Mississippi Bankers Association (MBA) began a new strategic partnership with Office Depot. MBA has joined forces with over 30 other state bankers associations across the country to bring members tremendous buying power, exclusive discounts and real savings. In fact, current participants of this program have saved an average of 20-30 percent over their prior office product costs.

As an Office Depot customer, MBA members enjoy steep discounts on a core list of 350-plus frequently used office and banking products. In addition to this core list, MBA members may add up to an additional 75 items tailored to the needs of their organization. This is where members may add specific items such as toner or ink jet cartridges. For miscellaneous items outside the core and custom tailored list, members receive a 10 percent discount on Office Depot’s retail catalog pricing (some exclusions may apply).

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

And the benefits go beyond great pricing – customers also receive free delivery on all orders over $50.00. If placed by 4pm

local time, orders are delivered next day in most markets by Office Depot or UPS. Customers also have access to Office Depot’s exclusive Business Services Division website, strategic brand name partnerships, and ease in economizing operations.

As a member of the powerful national group purchasing program, MBA members enjoy a higher level of support with a dedicated account manager and Office Depot’s best, most experienced customer service reps from the National Account Help Desk. An Office Depot account manager provides your organization with on-going creative and innovative procurement solutions by identifying preferred product and process improvement opportunities.

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

Learn more and register online at msbankers.com or contact Business Development Manager Simon Sherman at 214-437-3238 or simon.sherman@officedepot.com.

Endorsed programs support MBA MBA endorsements represent partnerships with outstanding providers of valuable products and services that help our member banks be successful. Our endorsed partners were already supporting the MBA as Affiliate members.

Through endorsement arrangements, they provide further support in the form of non-dues revenue to the MBA, which helps fund important activities and limits the need for increases in membership dues.

The MBA staff works closely with our endorsed programs, primarily by introducing them to Mississippi bankers and sharing information on the services they offer. Brooke McCoy, MBA marketing manager, manages and promotes our endorsed vendor program. Please contact Brooke for information or assistance at 601-948-6366 or bmccoy@msbankers.com.

JULY|AUGUST 2018

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Products and Services THE MISSISSIPPI BANKER

Bank captives can enhance risk management Banks today face many risks - such as cybersecurity, reputational risk and others – that may not be fully covered by commercial insurance. To cover such unfunded risks, many banks are forming “captives” – captive insurance companies that are legally licensed, limited purpose property and casualty companies that can write customized coverage for related entities. In the past five years, developments in the design structure of captives and regulatory vetting have made such captive insurance companies a meaningful option for more financial institutions.

KeyState Captive Management, which runs the nation’s largest bank captive program, is an endorsed partner of the Mississippi Bankers Association. KeyState can assist Mississippi banks in evaluating their current insurance program and determining whether they might benefit from the formation of a captive insurance company. For banks that choose to participate in the program, KeyState offers a turn-key program to support management of the captive and to assure compliance with all laws and regulations.

While the captive structure is not designed to replace a bank’s primary commercial insurance program, it does allow a bank to more formally self-insure risks that are currently unfunded or are subject to rising deductibles before any coverage is available. Typically, the captive augments commercial policies by (1) covering the bank’s commercial deductible layers; (2) providing coverage for matters subject to exclusions in commercial policies; (3) increasing coverage levels on existing policies (excess layers); and (4) identifying and covering other currently unfunded risks where commercial insurance is not available to the bank.

In addition to enhancing the risk management process, banks that form their own insurance companies may benefit from an incentive enacted by Congress that allows qualified companies to make an election under Section 831(b) of the Internal Revenue Code and pre-fund for potential future risks on a tax advantaged basis, receive an incentive to set money aside for future potential claims, and create a mechanism for companies to formal-

ize their current self-insurance program.

Formation of a captive is not a fit for every bank. This solution should only be implemented by banks with sufficient capital and earnings. Holding companies that want to form a captive must be well managed and well capitalized and their affiliated bank (that pays premiums into their captive) must have sufficient capital and earnings to support the additional insurance expense at the bank level.

Operation of captive insurance companies is a growing trend for high performing banks throughout the country. As banks become more aware of their unfunded risks through ongoing enterprise risk management, the captive offers a unique and customized approach to identify and fund for those risks on an annual basis.

And, the small business incentive provided under the tax code provides further motivation to implement the structure.

To learn if KeyState’s Bank Captive Program is a good fit for your institution, contact Travis Holdman, national sales director, 260-227-0265 or email tholdman@key-state.com.

Vizaline helps resolve property description issues Last year the Mississippi Bankers Association endorsed the services of Vizaline LLC, a Mississippi-based company that utilizes geo-spatial technology to assist banks in resolving or heading off issues with property descriptions.

Vizaline, a company "created by bankers for bankers," has developed visualization tools and products to help its bank customers better understand assets, shield portfolios, and protect the bank and its customers from unforeseen risks. The company's Viza-Plat product may assist in verifying property lines without the need of a more expensive survey. Viza-Plat can allow lenders to see encroachments,

20

easements and partial releases affecting land serving as security for a loan before making a funding decision. Viza-Plat can be used to verify legal descriptions at the time of loan renewal or in conjunction with surveys to assure the accuracy of the descriptions. It also allows trust departments to view real estate holdings.

Use of the product is quite simple.

A bank client downloads the legal description of the property to Viza-Plat, where it is read and platted, and the legal description is interpreted. The company then produces a geo-spatial image that is shared with the bank within 48 hours.

Importantly, if Vizaline discovers a

THE MISSISSIPPI BANKER

problem with a property description, it advises the bank regarding a solution.

The MBA's agreement with Vizal i n e a l l ow s a s s o c i a t i o n m e m b e r banks to use the Viza-Plat service with prices starting at $90 per case.

Products and Services THE MISSISSIPPI BANKER

CRA Partners offers a meaningful CRA program For community-focused banks Finding the right CRA compliance opportunity for your bank can be challenging.

However, there may be a simple solution to your bank’s CRA needs. CRA Partners is a turnkey CRA compliance program that allows banks to make a real difference in their community. Headquartered in Memphis, Tennessee, CRA Partners helps over 225 banks across the country earn CRA credit for ensuring safe and secure living environments for senior citizens in nursing homes, HUD facilities and state veterans homes. The organization is an endorsed vendor of the Mississippi Bankers Association and has endorsements from the ICBA and bankers associations in 43 states.

CRA Partners' mission is to protect and enhance the lives of vulnerable senior housing residents through a meaningful turnkey CRA compliance program for community focused banks. To carry out this mission, they administer the Senior Crimestoppers program in senior living facilities across the country. The program safeguards lowto moderate-income seniors against theft, abuse and neglect. Funded exclusively by the banking industry, the Senior Crimestoppers program has reduced crime in member facilities by 95% and protects more than 100,000 vulnerable seniors nationwide.

Partner banks participate through community development loans, investments or grants depending on their CRA needs.

Mississippi banks are helping lead the fight against elder abuse.“Our bank focuses on giving back to the local community to keep it safe and help it grow,” says Alan Walters, President & CEO of First Commercial Bank. “With our sponsorship of the Senior Crimestoppers Program at LeFleur Haven, we want our senior citizens, who are the foundation of this community, to have the best care possible in a safe environment. We are proud to be a partner with CRA Partners so we can make our community a better place to live and work.”

First Commercial Bank is the most recent of eight Mississippi banks to join the CRA Partners program. Their involvement is part of nearly four million dollars

contributed annually in the form of loans, investments and grants among banks in the state. Together, Mississippi banks are protecting over 1,500 senior housing residents.

Your bank can actively make a difference. As the elderly population in America continues to grow, it becomes even more imperative for banks to take the lead on aging related issues, especially those concerning financial exploitation.

CRA Partners has two methods by which banks can get involved in their community and become a leading voice for the elderly.

The first way is through using CRA Partners’ Preventing Elder Financial Abuse video toolkit. Adapted from the FDIC and CFPB’s “MoneySmart for Older Adults” program, the video helps educate viewers on how to spot and prevent elder financial exploitation. In addition to earning loan and investment test credit on the CRA examination, partner banks also have the opportunity for service test credit consideration by presenting this video toolkit to low- to moderate-income audiences. Many banks have used this tool to become a community leader in prevention education.

The second method for banks to get involved is through forming a meaningful relationship with their sponsored facility. Along with the opportunity for CRA credit, CRA Partners helps banks become positively recognized by local media for their efforts to protect seniors, all without overhead or administrative hassles.

Meet Shea Gabrielleschi Shea Gabrielleschi has been on the CRA Partners team for three years and is now developing and managing banking relationships in Mississippi and surrounding states. He graduated from the Gabrielleschi University of Mississippi with a B.S. in Integrated Marketing Communications. Shea looks forward to helping more banks in the state enhance their CRA compliance efforts and protect seniors in their communities. To learn more about CRA Partners and how your bank can join, contact Shea at 901-529-4773 or email Shea@SHCPFoundation.org.

CRA Partners encourages banks to take advantage of important dates involving the elderly and schedule events at bank-sponsored facilities on these dates. Some important dates include: April: Financial Literacy Month May: Older Americans Month June 15: World Elder Abuse Awareness Day August 21: Senior Citizens Day October: Crime Prevention Month November: National Caregiver Month and National Alzheimer’s month November 11: Veterans Day JULY|AUGUST 2018

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SAVE THE DATES

'A Banker in Every Classroom' WEEK presented by The Mississippi Bankers Association

Financial education for students Connecting bankers and teachers Tools for classroom presentations

CONTACT Amy Davis 601-948-6366 adavis@msbankers.com

22

THE MISSISSIPPI BANKER

October 29 November 2 2018

VISIT msbankers.com

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

AUGUST 23 MBA AGRICULTURE CONFERENCE

Hilton Hotel, Jackson Designed for groups and individuals to critically think about how events around the

world and in the U.S. are impacting their business’ bottom lines and the future of the industry.

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CALL REPORT SEMINAR

Embassy Suites Hotel, Ridgeland Designed to explain the why’s, how’s, and where’s of call report preparation. Perfect for both beginner and experienced call report preparer. Instructors pace the class based upon the experience level of attendees.

SEPTEMBER 6-7 COMPLIANCE CONFERENCE Hilton Hotel, Jackson Topics covered include: Compliance Risk Management, HMDA Update, Bank Secrecy Act: Beneficial Ownership, Flood Insurance Update, Regulatory Relief Panel Discussion, TRID Construction Loans and more.

26-27

MYB LEADERSHIP CONFERENCE & GOLF TOURNAMENT Lake Caroline Golf Course, Madison, and Hilton Hotel, Jackson The September 26 golf tournament raises funds to support MYB activities.

The September 27 conference features presentations on career development topics.

OCTOBER 3-4 SECURITY CONFERENCE Embassy Suites Hotel, Ridgeland This year’s conference will focus more on the Physical side of Security. We will have someone from the FBI, as well as Secret Service to discuss how Security Officers can better help law enforcement officers during and after crimes within the bank.

11

COMMUNICATIONS CONFERENCE Embassy Suites Hotel, Ridgeland We are excited to have Dave Defazio with us again talking about Digital Footprint and dealing with Millennials. Also we will have a presentation on Crypto Currency as well as what it takes to make your bank stand out from all the others out there.

JULY|AUGUST 2018

23

Bankers on the Move THE MISSISSIPPI BANKER

Community Bank

Community Bank

Wesley Bost has joined the bank’s Amory office as assistant vice president. Bost has been in banking for six years, previously serving as consumer relationship officer. He is a graduate of Mississippi State Bost University with a Bachelor of Business Administration and a graduate of Mississippi School of Banking. Bost earned a CCBCO designation from the ICBA Institute, and holds licenses for Property and Casualty Insurance and Life and Health Insurance.

Sawyer Taylor has been named assistant vice president. He has almost two years of banking experience.

Taylor earned a Bachelor of Science Degree in Agribusiness with a minor in Economics Taylor and Business Administration from Mississippi State University.

Scott Cooley has been named vice president. Cooley recently served as assistant vice president and has 12 years of banking experience. Cooley is a graduate of UniCooley versity of Southern Mississippi and is currently attending Mississippi School Of Banking.

Amanda Krebs has been named loan officer/branch manager of the bank’s Spillway branch. She recently served as a portfolio training manager and has almost five years of banking experience. Krebs Krebs earned her Bachelor degree from Mississippi College.

Holley Meriweather has been named branch officer. She recently served as CSR/ branch supervisor and has almost six years of banking experience.

Meriweather earned her Bachelor Degree Meriweather in Hospitality Management from The University of Mississippi.

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Justin Theunissen has been named vice president. Theunissen graduated from Mississippi State University with a Bachelor of Science in Agricultural Economics and recen tl y g r ad u ate d Theunissen from the Mississippi School of Banking.

Farmers and Merchants Carson Butler has joined the bank as an assistant vice president-loan officer at the Corinth-Fillmore branch. Butler earned his bachelor of business from the University of Mississippi. Butler Traci G. Davis has been promoted to DDA deposits operation officer and assistant cashier.

Davis has been with the bank for eight years and earned her Bachelor of Business Administration from the Uni- Davis versity of Mississippi.

Jason Marlar has joined the bank as vice president and Corinth market manager. He earned his Bachelor of Business Administration from Mississippi State University. Marlar has over 28 years

THE MISSISSIPPI BANKER

Farmers and Merchants of banking experience and is a graduate of the National Commercial Lending School at the University of Oklahoma and the Graduate School of Banking at LSU. Marlar

First Bank Jack Denton has joined the bank as senior vice president Enterprise Risk Management. Denton served as an Assistant District Attorney for the 12th Circuit Court and as a Special Assistant Attorney General with Denton Mississippi Attorney General’s Office. He received his Juris Doctor degree from Michigan State University.

He also earned a Master of Science Degree in Public Relations and a Bachelor of Arts in Speech Communications, both from the University of Southern Mississippi.

Peoples Bank Mendenhall Connie Amason has been promoted to Vice President. Amason joined the bank in 2006 and is the principal contact for SBA loans.

She attended Delta State University, where she pursued a degree in Voice. Amason Jacob “Jake” Brown has joined the bank and will serve as a loan officer in the Collins Branch.

Brown earned an Associate Degree in Accounting from Jones County Junior College and a Bachelor of Science degree in Brown Banking & Finance from the University of Southern Mississippi.

Bankers on the Move THE MISSISSIPPI BANKER

Peoples Bank Mendenhall

Trustmark Bank

Marney J. Walker has joined the bank as a loan officer at the Jackson Avenue office. He earned a Bachelor of Arts degree from the University of Southern Mississippi and a Master of Arts degree from Belhaven Walker College. He also became an Education Specialist with the completion of studies at Mississippi College.

Joseph T. Sarci has been named Executive Vice President and Chief Information Officer of the bank. Sarci received a Bachelor of Technology in Computer Engineering Technology from DeVry University. He holds certifications and training in the following: Fourth & Fifth Generation Management, People Processes, IT Infrastructure Library, Six Sigma, Performance Management, Project Management PMP, Certified Information Systems Security Professional, Certified Information Security Manager and Capability Maturity Model Integration.

He has more than 20 years of experience, with his most recent leadership role as Senior Vice President and Chief Technology Officer at TIAA Bank, headquartered in Jacksonville, Florida. In this position, he led a national team of 120 associates and administered a technology budget to support a multi-state operation with approximately 3,000 associates.

Parker England has been promoted to president of the Greenville Bank office. England earned a Bachelor Degree in accounting and a Master in Business Administration, both from Mississippi State England University. He is a graduate of the Mississippi School of Banking at the University of Mississippi and the Graduate School of Banking at Louisiana State University, and also attended the Southeastern School for Consumer Lending at Vanderbilt. England is a past president of the Mississippi Young Bankers and has been with the bank since 2007.

Andy Sanders has been promoted to executive vice president and chief administrative officer for the bank system. He worked as an intern during college and officially joined the bank in 1999. Sanders Sanders previously served as a loan officer and as Greenville City President. He received his Bachelor of Business Administration in Banking and Finance from Mississippi State University. Sanders is also a graduate of the Mississippi School of Banking, the Southeastern School of Commercial Lending and the Graduate School of Banking at Louisiana State University.

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

Help us tell this important story. Tell us about your bank’s involvement in our communities. Send us photos and we'll share them in this magazine and on msbankers.com.

Please submit banker promotion, new hire information and photos to editor@msbankers.com

SAVE

THE

Planters Bank

Help us spread the good news about banking

DATE

April 7 -13, 2019 50th SESSION MISSISSIPPI SCHOOL OF

BANKING

SHARE YOUR STORIES & PHOTOS! EMAIL

editor@msbankers.com

MAIL

MBA P.O. Box 37 Jackson, MS 39205-0037 JULY|AUGUST 2018

25

Good News: Congress Makes Way for Reciprocal Deposits

By Kenny Heredia, Regional Director, Promontory Interfinancial Network, LLC

A lesser-known provision of the bank regulatory relief package recently signed

by President Trump provides that most reciprocal deposits are no longer treated as brokered. This change in the market for deposits could not have come at a better time for banks -- especially for community banks. The new law will help wellcapitalized banks attract more large-dollar, local relationships. In turn, these banks will have more cost-effective funding to finance lending in their communities.

In recent months, U.S. banks have been bracing for increased competition for customer deposits. According to the Bank Executive Business Outlook Survey (2018, Q1) a record number of bank respondents (76 percent) reported facing more competition for deposits over the past year and almost 90 percent believe it is only going to get tougher.1 In fact, the combination of rate hikes (more are expected later this year) and the Federal Reserve’s $1.5 trillion reduction of its balance sheet should continue to push deposit costs upward. With the Fed not reinvesting the principal proceeds from maturing securities, liquidity will be pulled from the markets and banking system, reversing the impact of the first and second Quantitative Easing. And banks are bracing themselves for more competition from the nation’s largest banks, as well as from non-traditional players that include the likes of fintech companies, Goldman Sachs’s Marcus, and the potential entry of Amazon.

Reciprocal Deposits Fortunately, the enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act should offer banks some relief. This important new law provides that most reciprocal deposits are no longer considered brokered deposits.

Reciprocal deposits are deposits that a bank receives through a deposit placement network in return for placing a matching amount of deposits at other network banks.

Although there are a number of providers, the leading reciprocal deposit placement network in the United States is operated

by Promontory Interfinancial Network, LLC, which invented reciprocal deposits 26

Source: Bank Executive Business Outlook Survey 1st Quarter, 2018

and offers two of the nation’s largest reciprocal deposit placement services: Insured Cash Sweep®, or ICS®, and CDARS®.

The Economic Growth, Regulatory Relief, and Consumer Protection Act This new law recognizes something that many in the banking sector have long understood – reciprocal deposits behave as core deposits in that they are “sticky” (CDARS deposits reinvest at a rate of approximately 80%, for example), and the institution accepting the deposit maintains the relationship with the depositor.2 Specifically, the law amends Section 29 of the Federal Deposit Insurance Act so that, subject to the definitions, terms, and conditions of the Act as amended: If a bank is well capitalized and has a composite condition of outstanding or good (CAMELS 1 or 2), its reciprocal deposits up to the lesser of $5 billion or 20% of the bank’s total liabilities are no longer considered brokered. Reciprocal deposits over these amounts are allowed, but the incremental amount (overage) is treated as brokered.

If a bank drops below well capitalized, the bank no longer requires a waiver from the FDIC to continue accepting reciprocal deposits, so long as the bank does not receive an amount of reciprocal deposits that causes its total reciprocal deposits to exceed a specified previous average. As before, interest rate restrictions apply while the bank is less than well capitalized.

Banks now have a much larger, approved source of stable deposits that can be tapped. This means banks can help even

THE MISSISSIPPI BANKER

more customers – including businesses (large and small), nonprofits, municipal governments, financial advisers, and even individuals – to safeguard their funds, potentially at even higher levels. At the same time banks attract locally priced, large-dollar deposits, which can be used to reinvest in the bank’s community.

Furthermore, banks can use reciprocal deposits to replace more expensive deposits, like routinely collateralized deposits that come with tracking burdens, and those from listing services (generally associated with wholesale pricing and no loyal or local customer relationship).

Making the Most of This New Opportunity Now is the time to act by taking advantage of this important change in banking law. Read more about the new law and about the nation’s largest, most well-known reciprocal deposit services by visiting promnetwork.com. For more information, contact Kenny Heredia at kheredia@promnetwork.com.through CDARS within 28 days of maturity.

1

The Bank Executive Business Outlook Survey is a publication of Promontory Interfinancial Network, LLC.

2

Promontory Interfinancial Network calculates the reinvestment rate as the percentage of the aggregate balance of CDARS deposits that are reinvested through CDARS within 28 days of maturity.

8

MBA Professional Development

Webinars

Training opportunities at your convenience

Visit msbankers.com to view and register for these webinars and more MONDAY, AUGUST 20

WEDNESDAY, AUGUST 29

TUESDAY, AUGUST 21

Compliance Issues From The Economic Growth, Regulatory Relief & Consumer Protection Act 1:30 - 3:30 p.m.

CRE Appraisals: Regulations and the Review Process 1:30 - 3:30 p.m.

Presenting Powerfully 10:00 a.m. - noon

HMDA Data - Trust But Verify 1:30 - 3:30 p.m.

WEDNESDAY, AUGUST 22 Key Ratios 10:00 a.m. - noon

The ACH Audit & Risk Assessment: What You Need to Know 10:00 a.m. - noon

THURSDAY, AUGUST 30

Sixty Critical Steps for Properly Handling Delinquent and Abandoned Safe Deposit boxes 10:00 a.m. - noon

Customer Service vs Customer Experience 1:30 - 3:30 p.m.

Diversity & Inclusion in the Workplace 1:30 - 3:30 p.m.

THURSDAY, AUGUST 23

TUESDAY, SEPTEMBER 4

Incentives, Ethics, Account and Loan Growths 10:00 a.m. - noon

FRIDAY, AUGUST 24

Call Report - Lending Schedules for Banks 10:00 a.m. - noon ____________

MONDAY, AUGUST 27 Providing Accurate and Timely Adverse Action Notices 1:30 - 3:30 p.m.

TUESDAY, AUGUST 28

____________

Core Management Skills 10:00 a.m. - noon

WEDNESDAY, SEPTEMBER 5 What to Do When a Customer Dies 10:00am - noon Commercial Construction Lending 1:30 - 3:30 p.m.

THURSDAY, SEPTEMBER 6 Federal Benefit Payments Garnishment Requirements 10:00 a.m. - noon

Advanced Cash Flow Analysis 10:00 a.m. - noon

FRIDAY, SEPTEMBER 7

ACH Exception Processing 1:30 - 3:30 p.m.

____________

Equipment Lease Financing 10:00 a.m. - noon

MONDAY, SEPTEMBER 10 What's All the Fuss About Escrows?

10:00 a.m. - noon

TUESDAY, SEPTEMBER 11 CRA Nuts & Bolts Five Steps to Pass the Exam 10:00 a.m. - noon

WEDNESDAY, SEPTEMBER 12 Lending to Municipalities 1:30 - 3:30 p.m. ____________

FRIDAY, SEPTEMBER 14

Engineering Better IT Audit Programs 10:00am - noon ____________

MONDAY, SEPTEMBER 17 Best-Ever Compliance Checklists for Commercial Loans 1:30 - 3:30 p.m. ____________

TUESDAY, SEPTEMBER 18 Right of Setoff 10:00 a.m. - noon

Ability-to-Repay/Qualified Mortgage Rules 1:30 - 3:30 p.m. ____________

WEDNESDAY, SEPTEMBER 19 Quarterly Compliance Briefing: Fall 2018 10:00 a.m. - noon For Banking RMs: Learn the 7 Habits of Top Producing Bankers 1:30 - 3:30 p.m.

JULY|AUGUST 2018

27

American Bankers Association THE MISSISSIPPI BANKER

S. 2155: Now for the Just-as-Hard Part

By Rob Nichols, President, American Bankers Association

Prior to May 24, 2018, bankers may have had a hard time remembering what a big win in Congress looked like. It’s true that in the past year we saw impor- Nichols tant progress with the enactment of historic tax reform and the overturning of the Consumer Financial Protection Bureau’s arbitration rule. But substantial regulatory reform had been elusive for a decade.

That changed when Senate Banking Committee Chairman Mike Crapo (R-Idaho) committed to crafting a bipartisan bill that recalibrates banking rules to allow banks to better serve their customers, clients and communities.

Crapo’s distinctly bipartisan approach, plus roughly 19,000 banker visits to Washington and tens of thousands of emails and calls to lawmakers over the past eight years, changed everything.

The result is S. 2155, the first positive, bipartisan regulatory reform bill to be signed into law in years.

This occasion is worth noting not because S. 2155 contains everything banks want and need in order to fully serve their customers; it doesn’t. But the law suggests that the era of indiscriminately heaping more rules on banks has ended and a new era of better tailored regulation is settling in. It also recognizes that banks play an essential role in helping their customers, communities and the economy grow, and that policy should support that role, not make it harder. That’s real progress, and it’s thanks to bankers owning their role in the political and policy-making process. You identified the problems, helped craft solutions and explained 28

to lawmakers why they mattered.

As tempting as it is to spend the rest of this column spiking the ball and congratulating us all on a job well done, I won’t. Because even more work lies ahead. Not only is there so much more Congress can do to right-size financial rules, but a quick scan of the effective dates of S. 2155’s provisions shows that Congress made about one-third of the laws’ changes effective immediately; the rest were punted to the regulatory agencies to handle. (You can find a list of effective dates at aba.com/s2155.)

That means a lot of regulatory proposals and guidance is still to come.

Bankers will need to be part of each rulemaking to ensure the banking agencies implement the law as intended.

Here’s just one example of why staying involved will matter. Among the provisions to be implemented is a variation of one that ABA and the state associations first suggested, relieving highly capitalized community banks (those under $10 billion in assets) from the complex Basel III capital standards. Congress directed the banking agencies to designate such banks using a simple leverage ratio that is somewhere in the 8-to-10 percent range. If regulators choose 8 percent, around 95 percent of banks under $10 billion could be eligible for the relief. If they choose 10 percent, only two-thirds of those banks would qualify. We believe 8 percent is a logical and appropriate threshold and will need bankers’ help to make that case.

In addition to S. 2155 implementation, the new crop of leaders at the banking agencies are eyeing other improvements to rules that can be done through regulatory fiat. These

THE MISSISSIPPI BANKER

include modernizing the Community Reinvestment Act and updating Bank Secrecy Act/anti-money laundering rules, not to mention a top-to-bottom review of the Consumer Financial Protection Bureau’s rules and actions.

So for those who might be thinking that S. 2155’s enactment means fewer trips to Washington to plead your case, think again. Your engagement remains vital to improving the policy environment for banks — the focus just shifts from lawmakers to rule makers.

Weighing in on the details of proposed rules is the granular part of advocacy, but it’s just as consequential as helping a bill through Congress.

That’s why we’ll be reaching out to bankers when the time comes to help us shape rulemakings. I hope you’ll respond with as much passion and commitment to our regulatory action alerts as you did throughout S. 2155’s long, eight-year journey.

September 9-12, 2018 MBA Washington Visit

CONTACT

Gordon Fellows 601-948-6366 gfellows@msbankers.com

Independent Community Bankers Association THE MISSISSIPPI BANKER

Making the American Dream Possible

By Rebeca Romero Rainey President & CEO, Independent Community Bankers of America

Independence Day seemed just a little sweeter this year as we recognize the incredible community bank victory that just took the financial services industry, and Con- Romero Rainey gress, by storm. Leave it to nearly 5,700 of the nation’s community banks to assert their independence in a way never seen before!

It’s well known that the Economic Growth, Regulatory Relief and Consumer Protection Act is a major achievement for the nation’s community banks.

But as you know, it was a long and arduous journey to get to this point. By working together and pressing tirelessly for needed change, we will be able to better serve our customers and communities. And for community banks, that’s what it’s all about.

It’s community bankers like you who were there to push this victory over the hurdles and, eventually, over the finish line. Not once did you back down and allow yourself and your community bank to be painted with the same brush as the megabanks. Not once did you waver when ICBA asked for your letters, calls, emails, petition signatures—all in the name of tiered and proportionate regulation for our industry.

Independence from an onerous regulatory burden is now yours because of what you do for this great industry every day, what you stand for, who you serve and the difference you make to the lives you touch. It’s your sterling reputation as a trusted local lender that allowed you to have a say on Capitol Hill when others did not. Remember that and hold on to it—just as you hold on to the independence that allows you

to make loans based on relationships rather than transactions, and step up to help your community in ways that only a community bank can.

ICBA is proud to represent community bankers like you, who do whatever is necessary to make your community stronger and more vibrant every day.

You make the American dream possible for local families, entrepreneurs, farmers and all those who depend on your community bank for their financial needs.

Just as independence matters, what you do matters. Never before has value been more appreciated and celebrated!

Failure is not an option.

You’ve fought hard for your gains and know the importance of a well-developed strategy.

Whether you’re storming the hill of regulatory compliance or launching a profitability offensive, our bold, battle-tested pros can help your financial institution win the day.

Everyone needs a trusted advisor.

Who’s yours?

bkd.com/fs | @bkdFS JULY|AUGUST 2018

29

MBA Job Bank THE MISSISSIPPI BANKER

The Mississippi Banker JOB BANK DOWNLOAD A JOB BANK FORM at msbankers.com CONTACT adavis@msbankers.com

Bank Operations Department: The Bank is seeking a motivated applicant to join our team for a full time position in the bank's Operations Department located in Meridian, MS. Responsibilities for the position will include various operational tasks and customer support including reconciliation, tracking and monitoring of bank systems. Applicant should have working knowledge of Microsoft Office Word and Excel products. Experience within the banking industry and/ or accounting experience is preferred.

The position does hold opportunity for future advancement within the company. Interested candidates may contact leah.hearn@commercialbankms.com.

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.

30

Loan Officers: Bank of Yazoo is seeking Loan Officers to serve in its Madison County and Rankin County market areas in a personal, hometown-bank environment. Positions will include both commercial and consumer lending.

Bachelor's degree in a business-related field and at least two year's lending experience is preferred. Basic knowledge of lending compliance and loan documentation is expected. Competitive salary and benefit package. Candidates interested in applying may submit a resume to aledbetter@bankofyazoo.com.

Mortgage Loan Originator: PriorityOne Bank, Southaven, Mississippi, is seeking an experienced Mortgage Loan Officer. This position requires two years prior mortgage experience. To apply, please visit our website at www.priorityonebank.com/career-opportunities.html.

Senior Commercial Lender: A unique financial institution has available a DeSoto County based position. Responsibilities include managing a commercial loan portfolio; developing new customer relationships; overseeing region or area's commercial and installment lending; and leading lenders to achieve and maintain required loan portfolio balance and yield. Conducts numerous credit administration duties. Candidate must have extensive, relevant experience in lending, credit, managing duties of others; and developing customer relations. Interested candidates can view position description and apply by visiting our Career Center.

Trust Operations and Administrative Support: A community bank in central Mississippi is seeking a candidate for Trust Operations. Perform daily trust system accounting data entry and assist as required in the day-to-day administration of trust accounts, answer incoming client calls and assist with any

THE MISSISSIPPI BANKER

inquiries. Must have the ability to take on multiple tasks simultaneously and manage them all effectively. Candidate must have a thorough understanding of General Accepted Accounting Principles. Candidate must be proficient in computer software systems to include word processing, databases and spreadsheets. Must have excellent oral communication skills, analytical and problem solving skills, including attention to detail. Prefer candidate to have bachelor's degree in a business related field and one plus year trust administrative experience with a solid understanding of trust office processes. Interested candidates may submit resumes to adavis@msbankers.com.

JOB BANK POLICY FOR MBA MEMBERS:

Please visit msbankers.com to download and submit an MBA Job Bank Form. Employment ads will be published in The Mississippi Banker magazine and on the MBA web site for a period of 90 days, at no charge.

MBA reserves the right to reject any ad or to change or limit the wording of any ad.

FOR PERSONS SEEKING POSITIONS:

Ads for an applicant seeking employment with a Mississippi bank will be placed free of charge on the MBA web site and in The Mississippi Banker magazine for a period of 90 days, at no charge, provided that the position sought is an officer level position and the applicant, as judged by the editor, is a legitimate candidate for the position. MBA reserves the right to reject any ad or to change or limit the wording of any ad.

PLEASE NOTE:

Ads are available for MBA members only.

SAVE THE DATE - 2019 MBA EVENTS Jan 24-25

MBA BSA/AML Conference

Mar 9-13

MYB Convention

Mar 27

MBA Women in Banking Conference

Apr 7-13

Mississippi School of Banking

May14-19

MBA Annual Convention

VISIT MSBANKERS.COM

Banker THE MISSISSIPPI

• Annual subscriptions & single issues available

20

20

Banker THE MISSISSIPPI

SEPTEMBER/OCTOBER 2017 VOLUME 102 • NUMBER 2

A BANKER IN EVERY CLASSROOM October 30 - November 3, 2017

Also in this issue: • MBA standing committees for 2017-18 • Enrollment open for Mississippi School of Banking • 2017 MBA Washington Visit • MYB Annual Leadership Conference, Golf Tournament

• Advertising opportunities for our magazine, events, & more

Subscription & advertising rates Contact Brooke McCoy • 601-948-6366 • mccoy@msbankers.com Visit msbankers.com JULY|AUGUST 2018

31

What Is the Bank Secrecy Act, and Why Does It Exist?

Julie Stackhouse, Executive Vice President, St. Louis Federal Reserve

Almost 50 years ago, concerns about large amounts of cash coming into the country from the drug trade led Congress to pass what’s become known as the Bank Secrecy A c t ( B S A ) . 1 T h e Stackhouse BSA was designed to help identify the source, volume and movement of currency and other monetary instruments transported or transmitted into or out of the U.S. BSA Basics To meet the law’s objectives, the BSA assigned requirements for record keeping and reporting by private individuals, banks and other institutions involved in the money transfer business. These records provide evidence used by law enforcement agencies in prosecuting money laundering and other financial crimes.

The BSA has been modified several times through various pieces of legislation, including the USA PATRIOT Act.2 The USA PATRIOT Act, passed in response to the Sept. 11 terrorist attacks, criminalized the financing of terrorism and strengthened the existing BSA framework.

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury, is the delegated administrator of the BSA. FinCEN, in turn, entrusts the federal banking agencies with reviewing BSA compliance as part of their regular examination processes.

What Does the BSA Mean for Banking Organizations?

Every bank must maintain a written BSA compliance program commensurate with its respective risk profile. The program must include: • A system of internal controls to ensure ongoing compliance • I n d e p e n d e n t testing of BSA compliance • A specifically designated person or persons responsible for managing BSA compliance • Training for appropriate personnel The sophistication of compli32

ance programs varies significantly across the spectrum of banks because of their differing risk profiles.

For example, larger banks with diverse customer bases and higher risk operations are expected to devote considerably more resources and managerial attention to money laundering. Automated monitoring systems are typically used, and any suspicious behavior is closely investigated.

Smaller institutions, on the other hand, use simpler tools that often consist of a few automated reports and manual tracking systems. The simpler approach is warranted by their often local and well-known customer bases.

BSA and Cryptocurrencies Bank regulators are frequently asked how anti-money laundering standards apply to cryptocurrencies, such as bitcoin. Cryptocurrencies offer the promise of payments efficiencies, but they have also been at the center of several welldocumented cases of criminal activity.

FinCEN addressed this issue in 2014 when it issued guidance that designated an administrator or exchanger of cryptocurrencies as a “money transmitter,” and thus a “money services business” (MSB) under the regulations. These MSBs are required to register with FinCEN and implement a BSA compliance program.

They are subject to regulatory review by FinCEN in the same manner as banks.

Do BSA Programs Work?

Yes. Although the requirements can be onerous and generally require significant financial and staffing resources to comply, BSA programs and the information they generate have proven valuable in combating a variety of financial crimes.

The reports that banks are required to submit to FinCEN have prompted numerous criminal investigations, connected ongoing investigations and helped fill in the pieces on others. In addition, the records that banks are required to maintain have proven to be an important tool for law enforcement.

THE MISSISSIPPI BANKER

Notes and References 1 The legislation’s formal name is “ T h e Fi n a n c i a l Re c o rd Ke e p ing and Reporting of Currency and Foreign Transactions Act of 1970.”

2 The formal name of the legislation is the “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.”

Additional Resources FFIEC BSA/AML Examination Manual Financial Action Task Force: Virtual Currencies: Key Definitions and Potential AML/CFT Risks (PDF) FinCEN: FinCEN Issues Guidance on Virtual Currencies and Regulatory Responsibilities

May 15-19, 2019

131st ANNUAL MBA CONVENTION

2018 MBA Bank Directory

ORDER TODAY!

2018

MISSISSIPPI

BANK DIRECTORY

Digital online subscriptions Flash-drive format Popular print version Up-to-date information on Mississippi’s banks, government officials, state and federal regulatory agencies and other industry trade associations.

Official Publication of

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

www.msbankers.com

Use this order card Visit msbankers.com Call 601-948-6366

Directory Order Card Please send me the 2018 Mississippi Bank Directory 1 Choose the format for your 2018 Mississippi Bankers Directory: Print Copies Mail this form with your payment to: Mississippi Bankers Association P. O. Box 37 Jackson, MS 39205-0037

2 Please complete the following information for Print Copies ($45)

12-Month Online Subscriptions ($45) Call the Mississippi Bankers Association: 601-948-6366 Flash Drive (comma delimited format) Call 800-336-1120 ($250 MBA members/$650 Nonmembers)

Name Bank/Company Address City

State

Phone

Fax

Zip

E-mail 3 Calculate shipping costs: For 1-5 Directories $6.70 For 1-20 Directories $13.65

No. of Directories = 4 Mail this card along with your payment. @ $45 each = $ (Please include Shipping = shipping costs) Total Amount Enclosed = $

MAIL TO: Mississippi Bankers Association P. O. Box 37 Jackson, MS 39205-0037 640 North State Street Jackson, MS 39202 601-948-6366 phone 601-355-6461 fax JULY|AUGUST 2018

33

247 Industrial Drive North Madison, Mississippi 39110 601-853-7300 1-800-844-7301 www.hederman.com