The Mississippi Banker - May June 2015 by The Mississippi Banker Magazine

Banker THE MISSISSIPPI

VOLUME 99 • NUMBER 6

EXPECT TO WIN MAY 13-17, 2015

SANDESTIN GOLF & BEACH RESORT DESTIN, FLORIDA

MAY/JUNE 2015

We’re Building A Strong Foundation The Mississippi Bankers Association has established the MBA Education Foundation to support scholarship and financial education programs of the association and its member banks. To learn how you can make a diﬀerence through the MBA Education Foundation, contact Mac Deaver, Secretary-Treasurer at (601) 948-6366 or mdeaver@ msbankers.com

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

The official publication of the Mississippi Bankers Association FOUNDED 1889

OFFICERS

Rachel Chew • Editor Volume 99 • Number 6 • May/June 2015

Chairman Freddie Bagley, Brandon Vice Chairman George Marx, Hazlehurst Treasurer Frank Sibley, Marks President McKinley W. Deaver, Jackson

BOARD OF DIRECTORS Terms Expiring 2015 Mary Childs, Ripley Bill Freeman, Newton Wes Fulmer, Biloxi Brad Jones, Meadville Lorann Paige, Bay Springs Alan Walters, Jackson Terms Expiring 2016 Johnny Barrett, Oxford Robert Gage, Port Gibson Buddy Mortimer, Kilmichael Art Stevens, Jackson Terms Expiring 2017 Dennis Ammann, Mendenhall Greg Cronin, Biloxi Bobby Steinriede, Hollandale Mitch Waycaster, Tupelo James Wicker, McComb Ex-Officio Members Freddie Bagley, Chairman, Brandon George Marx, Vice Chairman, Hazlehurst Frank Sibley, Treasurer, Marks Odean Busby, Retiring Chairman, Magee H. Gregory Taylor, Preceding Chairman, Holly Springs

Special Convention Issue From the President....................................................................................... 2 Around the State.......................................................................................3-4 MBA Legislative Update......................................................................6 & 29 2015 Women in Banking Conference........................................................ 10 Calendar.................................................................................................... 13

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

Convention Overview...........................................................................15-19 Trade Show Exhibitors..........................................................................20-29 Bankers on the Move.............................................................................30-32 Classified Ads........................................................................................34-35 ABA........................................................................................................... 36 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.

YOUNG BANKERS SECTION President....................Parker England, Greenville Vice President...........Kent Mortimer, Kilmichael Treasurer.........................Wes Rouse, Hattiesburg

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

MAY/JUNE 2015

From the President

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‘Expect to Win’ By Mac Deaver, MBA President

MBA Convention time is here again! The annual 127th annual “family reunion” of Mississippi banking will take place May 13-17 at Sandestin Golf and Beach Resort in Destin, Deaver Florida. Once again, bankers, industry associates and professionals from across the state and region will gather for a great time of educations fellowship, recreation, and relaxation. This year, “Expect to Win” is our convention theme – honoring MBA Chairman Freddie Bagley and the leadership he has provided throughout the year. Before beginning his banking career almost 39 years ago, Freddie was young teacher and coach. “Expect to Win” reflects the philosophy that has guided his career – and his mentoring and coaching of others for almost four decades. The MBA has been fortunate to have Freddie as our “head coach” this year. And he and Mary Lynn have served as wonderful ambassadors for Mississippi banking during his term. We want the convention be serve as a big “thank you” to them for what they have done this past year. As we all know, the past 12 months have seen a continuation of new regulations emanating from Washington, and economic conditions have presented challenges for banks and bankers. All the while, the MBA and other industry groups, with the support of our members, have stayed in the fight to gain relief for traditional banks. Last year’s Congressional elections brought significant changes to Washington, most notably a new majority party in the U.S. Senate. (Among other things, this resulted in Mississippi Senator Thad Cochran becoming chairman of the Senate Appropriations Committee.) 2

For banking, the new Senate leadership has spurred hope for legislation to relief traditional banks from some of the burdensome regulations created by the Dodd Frank Act. While Dodd Frank was deemed untouchable by the previous Senate leadership, we are encouraged that some meaningful changes will be considered in the Senate this year. This year’s looming state elections impacted much of the debate by the State Legislature in the recently concluded 2015 regular session. Legislators sparred over the state budget, particularly education funding, and battled over proposed tax cuts. In the end, the Legislature funded public education at record levels and no tax cut was passed. Also, the Legislature proposed an alternative to “Initiative 42” – a proposition that will appear on the Mississippi ballot this fall. That initiative, if passed, would have a huge impact on the entire state budget -- not just education. Many will be working over the summer to help voters understand this initiative and its potential implications. On bank-related matters, we were pleased to see the Legislature confirm the appointment of Commissioner Charlotte Corley and approve a budget for the Department of Banking and Consumer Finance that will help the department maintain and expand its professional staff. Several other bankrelated bills passed, including legislation to deter “patent trolls” and to

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increase the allowable duration of trusts in Mississippi. Besides state and federal legislative activity, the MBA had another successful year in 2014-15. We began our year by celebrating the MBA’s 125th anniversary with the publication of a special edition of The Mississippi Banker magazine. This publication, first revealed at the 2014 MBA Convention, chronicles the history of banking in Mississippi and our association. We are grateful for the support of hundreds of bankers, Affiliates, advertisers and others who helped make this special issue a reality. Copies of the anniversary issue are available for purchase from the MBA office. Last fall, our association opened new avenues for communication with our members – and the world – with our entry into social media. Also in the fall, we had a great response to the MBA’s fourth annual “A Banker in Every Classroom” program, reaching a record number of students in grades K through 12 across the state. Continued on Page 8

built by

Around the State

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First Security Bank nominates new members to Board of directors The Annual Stockholders’ Meeting of Security Capital Corporation was held on March 19. New nominees for directors were Dr. Stephen Sullivan and Mrs. Connie Hawkins, both long-time residents of Batesville. After completing his degrees at the University of Mississippi and the University of Tennessee Dental School, Dr. Sullivan returned to Batesville and has practiced dentistry for over twenty years. He is a second generation stockholder in Security Capital Corporation. Connie Hawkins has been an employee of First Security Bank for 37 years, beginning under the leadership of John Meacham, Jr. She served many of those

years as Internal Auditor and has served since 2002 as Executive VicePresident, CFO and Cashier. In 2013, Hawkins received the designation of President of Security Capital Corporation. Sullivan She is a Certified Public Accountant. Larry Pratt, Will Hays, Frank West, Ken Murphree, Laney Funderburk, George C. Carlson, Tony Jones, John L. King and Norris Faust were appointed Hawkins by the Board of Security

Capital Corporation to serve as directors of the Board of First Security Bank. The Directors of the Board of Security Capital Corporation appointed George C. Carl- Carlson son to serve as Chairman of the Board The Directors of the Board of First Security Bank appointed Frank West to serve as Chairman of the Board for First Security Bank. West

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Around the State

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Trustmark Bank honored with ‘Innovation in Financial Education’ Award

Trustmark was recently honored with the Innovation in Financial Education Award presented by NASDAQ and EverFi. The award recognizes significant efforts to improve the financial capability of young Americans. Twenty-five financial institutions from across the nation were recognized with this distinction at a ceremony hosted at NASDAQ’s Marketsite headquarters in New York City. Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment and unique employee volunteering activities that supplement their programs. “Trustmark believes it is our responsibility to promote sound, responsible financial management through financial literacy education programs in our

schools. With our commitment to 125 high schools across Mississippi, we are able to achieve our vision of helping young people establish a strong foundation in financial education,” Trustmark CEO Jerry Host stated. “We are honored to receive this recognition and are proud to be among the first recipients of this award.” As young adults are faced with increasingly complex financial decisions, Trustmark is committed to providing students with the skills and knowledge needed in order to succeed. Trustmark has partnered with EverFi to bring the Trustmark Financial Scholars Program to local students at no cost to schools or taxpayers and has reached numerous students across Mississippi. The web-based program uses the latest in new media technology – simulations, gaming and adaptive-pathing – to

bring complex financial concepts to life for today’s digital generation. “The institutions we’re recognizing here today have led exceptional efforts to rethink how financial education is taught in our nation’s schools,” said EverFi Founder and CEO Tom Davidson. We are grateful to the organizations that are helping pave a brighter future for students today.”

experience support

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MBA Legislative Update THE MISSISSIPPI BANKER

MissBankPAC 2015 fundraising underway On April 13, MissBankPAC sent out its annual contribution solicitation packet, officially kicking-off its fundraising drive for 2015 – a significant statewide election year. In 2015, Mississippians will elect all 174 members of the State Legislature as well as all of our state-wide elected officials including Governor, Lt. Governor, Attorney General, Secretary of State, Treasurer and others; all banks are encouraged to consider making a contribution to MissBankPAC in this important year. In the fundraising letter he sent to bank CEOs across the state, MissBankPAC Chairman Leslie Usher, Great Southern Bank in Meridian, reminded bank executives that, “…this year, it is vitally important that your bank participate in

MissBankPAC. Having a healthy PAC will help us ensure we continue to have a business-friendly legislature that works to move Mississippi forward.” Legislative elections will begin this summer, as party primaries are scheduled to occur on August 4. Any party runoffs will occur on August 25. The state’s general election is slated to occur on November 3. In his letter, Usher went on to say that, “with statewide elections scheduled

for 2015, our State Fund needs to meet this year’s [fundraising] goal to assure we can support pro-banking candidates in all of the races around the state.” MissBankPAC operates two separate segregated funds – a State Fund and a Federal Fund. The State Fund operates under Mississippi campaign finance laws and is active in Mississippi’s legislative and appellate court elections. The Federal Fund, which is subject to federal elections law, participates in Congressional elections through its affiliation with the ABABankPac. Bankers with any questions about MissBankPAC or the upcoming election cycle are encouraged to contact Gordon Fellows at gfellows@msbankers.com or by phone at the MBA office (601) 948-6366.

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MAY/JUNE 2015

‘Expect to Win’

President’s Column continued from page 2 In April, the Mississippi School of Banking enjoyed record enrollment for its 2015 session. Likewise, the enrollment from Mississippi for the upcoming GSB at LSU has been strong. These and other MBA activities – including Mississippi Young Bankers, the MBA Education Foundation, our group insurance program - enjoyed success throughout the year. As I always say - because it is true -- none of our successes would happen without the contributions of the bankers of Mississippi. Thanks to everyone who contributed to our association and industry in 2014-15. We look forward to having you with us as convene at Destin to celebrate the year. Our convention sponsors have stepped

up again to help us make the best better! Major convention sponsors this year are Trustmark National Bank, First National Bankers Bank, Community Bancshares, Federal Home Loan Bank of Dallas, Stockett & Thomas Agency, and Crews & Associates. Our registration is strong and our convention trade show is filling up! This tremendous support from our members and Affiliates is greatly appreciated. I am especially excited about our lineup of convention speakers. General sessions will feature remarks by former NFL player and coach Dan Reeves, economist Elliot Eisenberg, and past ABA chairman Jeff Plagge, as well as a “Red and Blue” political presentation

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by Jere Nash and Andy Taggart. Diane Tate will speak at the spouse event. Additionally, several Mississippi public officials plan to be with us. On Saturday night, we are in for some special entertainment at the banquet. We will be treated to the classic Motown sound of Spectrum, a renowned quartet from Las Vegas. This promises to be a great conclusion to another great MBA Convention! So, strap on your helmet, lace up your sneakers, or do whatever you need to do.... just be sure to be on the field when we kick things off at Sandestin on May 13. And, remember….Expect to Win!

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MAY/JUNE 2015

MBA’s third annual Women in Banking Conference ‘ignites brilliance’ for 140 bankers in attendance

Some 140 bankers from across Mississippi participated in the Mississippi Bankers Association’s third annual Women in Banking Conference held March 24 at the Marriott Hotel in Jackson. Gee Gee Patridge of BankPlus, chairman of the conference, expressed gratitude to everyone who contributed to the event’s success. “Many thanks to the MBA staff and to the conference steering committee,” she said. “They hit a home run with the agenda!” Patridge noted that the conference has grown each year, presenting increased networking opportunities for attendees. Patridge opened the conference with remarks at a breakfast held for attendees. Commissioner Charlotte Corley of the Mississippi Department of Banking and Consumer Finance addressed the conference’s morning session, discussing the regulatory burdens facing Mississippi banks and bankers, the importance of dealing with interest rate risk, Bank Secrecy Act/Anti-Money Laundering issues, and cybersecurity. Commissioner Corley also addressed the budget for the state banking department, noting the need for expanded funding to support the DBCF’s professional staff. Sylvia Plunkett, a Mississippi native who serves as Senior Deputy Director of the FDIC in Washington, provided a regulatory report to bankers in attendance. Plunkett provided attendees with some

insight into the successful course of her career with the federal banking regulator. The conference’s featured speaker was Amy K. Hutchens of AmyK International, who made a presentation entitled “Ignite Brilliance in Your Leadership.” Hutchens posed a series of questions designed to stimulate critical thinking among attendees related to their organizations. “The goal should be to raise the level of critical thinking in your bank,” Hutchens said. “What if everyone in your bank was thinking a little more criti- L to R: Gee Gee Patridge, Women in Banking cally tomorrow? What would the result chairman and Charlotte Corley, DBCF Commisbe? What would the ROI be?” sioner Hutchens raised questions to guide conference participants toward defining An MBA committee of 13 bankers, their individual goals - and goals for their chaired by Patridge, worked in planning banks. She utilized real life examples and and organizing the 2015 Women in Bankvarious group exercises to demonstrate ing Conference. For the third straight how participants could incorporate critical year, the conference attendance grew drathinking into their everyday work envi- matically. In three years, over 300 bankers ronments - and how this could help them have taken part in the event, designed to meet and exceed their goals. Hutchens’ cultivate banking success through leaderpresentation was divided into two sessions, ship development and networking. between which attendees were treated to “The Women in Banking Conference a buffet lunch. provides a great opportunity for female Deborah Bryant, wife of Gov. Phil bankers of all ages to come together to disBryant and Mississippi’s First Lady, was cuss issues that are important to furthering the luncheon speaker. Bryant, who serves their careers, as well as balancing life and as director of community development work,” said Amy Davis, MBA senior vice for Community Bank, spoke with pas- president. She noted that all members sion about a number of activities she has of the association staff were provided the engaged in the state and its communities opportunity to attend sessions during the as First Lady. conference.

Sylvia Plunkett, FDIC Senior Deputy Director, addresses conference participants.

Amy K. Hutchens motivates bankers during her “Ignite Your Brilliance” presentation.

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First Lady, Deborah Bryant speaks to bankers during the conference lunch.

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MBA Calendar

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MAY

Calendar of Events

5 6 7 8 11 12 13-17 13 14 17-22 18 19 20 21 24-June 5

Robbery Prevention, Response & Aftermath Commercial Loan Documentation Commercial Loan Documentation Best Practices for Today’s Branch Managers Advanced Cash Flow Analysis Robbery Prevention, Response & Aftermath Annual MBA Convention, Sandestin, FL Introduction to ACH Advanced Cash Flow Analysis Southeastern School of Commercial Lending - Nashville, TN Troubled Debt Restructuring Best Practices for Today’s Branch Managers Introduction to ACH Does your BYOD drive you to BYOB? Graduate School of Banking at LSU

Reporting Your Credit Data

JUNE 17

Integrated Truth in Lending & RESPA Seminar, Hilton Hotel, Jackson

Visit www.msbankers.com for Registration and more information

Special Thanks to our Major Convention Sponsors:

MAY/JUNE 2015

Everyone at Community Bank is proud to have Freddie Bagley as our head coach!

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for leaders Like no other bank you know. >

Freddie Bagley’s early guidance in school, as a teacher and a coach had a profound impact on his career. He leads and inspires, instructs and teaches with passion and believes in accomplishing team goals. All of us at Community Bank thank him for 38 years of perfecting his skills, honing a set of principles of leadership, mentoring countless young bankers and taking care of customers. As he says frequently, “Building a great team builds a great bank.” What better way to describe our bank!

EXPECT TO WIN MAY 13-17, 2015

SANDESTIN GOLF & BEACH RESORT DESTIN, FLORIDA MAY/JUNE 2015

EXPECT TO WIN

2014-2015 MBA OFFICERS

Chairman

Freddie Bagley

Community Bancshares of Mississippi Brandon

Vice Chairman

George Marx Copiah Bank Hazlehurst

Treasurer

Frank Sibley

Citizens Bank & Trust Marks

CONVENTION SPEAKERS

Elliot Eisenberg, Ph.D. is a nationally acclaimed economist and public speaker specializing in making the arcana and minutia of economics fun, relevant and educational. Eisenberg was formerly a Senior Economist with the National Association of Home Builders in Washington, D.C. He is the creator of the multifamily stock index (the ﬁrst nationally recognized index to track the total return of public ﬁrms principally involved in the ownership and management of apartments), the author of more than 70 articles, and a member of the Editorial Board of the Encyclopedia of Housing.

Dan Reeves spent 23 years coaching for the Denver Broncos, New York Giants and Atlanta Falcons. He played or coached in a record nine Super Bowls – ﬁve with the Dallas Cowboys, three with Denver and one with Atlanta. Prior to becoming a head coach, he spent 16 years in the Cowboys organization – ﬁve as a player, three as a player/ coach and eight as an assistant coach.

Jeff Plagge is president and CEO of Northwest Financial Corp. of Arnolds Park, Iowa, and the immediate past chairman of the American Bankers Association. He currently serves on the ABA Board of Directors and the ABA Communication Council. His past service includes serving as chairman of the ABA Payments System Task Force, the ABA Government Relations Council, the ABA Agriculture Committee, ABA BankPac and the ABA.bank Task Force.

Jere Nash (top left) and Andy Taggart (bottom right) are the authors of the popular book, Mississippi Politics: The Struggle for Power, 1976-2008. This book, re-released in 2009, was first published by the University Press of Mississippi in November of 2006 and earned two literary awards in its first year of publication. Nash, a liberal Democrat, has served as a campaign consultant for a number of Democratic candidates in Mississippi for the past 13 years. Taggart is a Republican and partner in the law firm of Taggart, Rimes & Grantham.

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MAY 13-17, 2015

SCHEDULE OF EVENTS Wednesday, May 13 2:30 – 8 p.m. ............................................................................................................Registration 6-8 p.m. ............................................................................ Welcome Reception & Trade Show Open

Thursday, May 14 7:30 a.m. – 3:30 p.m. ................................................................................ Registration Desk Open 7:15 a.m. .........................................................................................................Sunrise Devotional 7:30 – 8:30 a.m. ............................................................. Continental Breakfast (in Trade Show area) 7:30 – 9 a.m. ...................................................................................................Trade Show Open 9:00 a.m. – 1200 noon .........................................................................................General Session 12 noon – 1:30 p.m. .............................................................. Convention-Wide Buffet in Trade Show 12 noon – 3 p.m. ...............................................................................................Trade Show Open 6 - 7 p.m. ......................................................................................... Trustmark National Bank Party

Friday, May 15 7:30 a.m. – 12 noon ................................................................................... Registration Desk Open 7:15 a.m. .........................................................................................................Sunrise Devotional 7:30 a.m. ............................................ Graduate School of Banking at LSU Breakfast (Graduates Only) 7:30 – 8:30 a.m. .......................................................................................... Continental Breakfast 9 – 11 a.m. .........................................................................................................General Session 11:00 a.m. ............................................................................................... Grand Prize Giveaways 12:30 p.m. .....................................................MBA Golf Tournament sponsored by Stockett & Thomas 6:30 - 7:30 p.m. ...................................................... FNBB and FNBB Capital Markets Cocktail Party

Saturday, May 16 7:30 7:15 7:30 7:30 8:30 9:00 6:00 7:00

a.m. – 11:30 a.m. .............................................................................. Registration Desk Open a.m. .........................................................................................................Sunrise Devotional a.m. ..................................................................... Federal Home Loan Bank of Dallas Breakfast – 8:30 a.m. .......................................................................................... Continental Breakfast a.m. – 11:00 a.m. ....................................................................................... Business Session a.m. .............................................................................................. Spouse Program & Brunch - 7:00 p.m. .......................................................................... Community Bancshares Reception p.m. ............................................................................................................ Annual Banquet MAY/JUNE 2015

EXPECT TO WIN ENTERTAINMENT

Annual Banquet Entertainment SPECTRUM, Motown Super Group SPECTRUM, Las Vegas’ award winning, Motown/R&B vocal group, having recently performed with the Mississippi Symphony will entertain at the Mississippi Bankers Association’s 2015 Convention amidst their busy national and international touring schedule. Twice voted “Best of Las Vegas”, they most recently received a star on Las Vegas’ Walk of Stars. Considered by many to be the top Motown tribute act nationwide and internationally, they have electriﬁed their audiences as they travel down memory lane performing the classics of the Temptations, Four Tops, Miracles and many more. This is a “Do Not Miss” spectacle that attendees will be talking about long after witnessing the show.

Spouse Program & Brunch Speaker DIANE TATE Not a stranger to the MBA Convention, Diane Tate has been the ﬂoral designer for the annual spouse event, Chairman’s dinner and convention banquet for the past 20 years. She uniquely shares her personal insights from those experiences, highlighting the planning, preparation and creativity of many special events.

Thanks To Our Convention Sponsors Adams & Reese LLP

Deluxe Strategic Sourcing

MCCA/Equifax

BKD, LLP

Duncan-Williams

Mississippi Business Finance Corp.

Blue Cross Blue Shield of MS

Federal Home Loan Bank of Dallas

Mississippi State University Dept. of Finance & Economics

FNBB & FNBB Capital Markets

Premier Insights

First Tennessee Correspondent Services

Randall, Segrest, Weeks, Reeves & Sones, PLLC

Graduate School of Banking at LSU

ServisFirst Bank

Harland Clarke

Southeastern Commercial Finance

Hauenstein Financial Group, LLC

Stockett & Thomas

Hederman Brothers

Texas Capital Bank

Inn at Ole Miss

Trustmark Bank

Bradley Arant Boult Cummings LLP Butler Snow Community Bancshares Inc. Compensation Advisors Crews & Associates Investment Bankers Crowe Horwath LLP C Spire Computer Services, Inc. 18

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Jones Walker

MAY 13-17, 2015

MBA PAST CHAIRMEN

No.

Year Served

Convention Site

No.

Year Served

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62.

1889-90 * S.S. Carter, Jackson ..............................................Jackson 1890-91 * W.A. Pollock, Greenville .................................... Meridian 1891-92 * Lee Richardson, Vicksburg.................................... Natchez 1892-93 * A.G. Campbell, Natchez...................................Vicksburg 1893-94 * R.W. Millsaps, Jackson ....................................Yazoo City 1894-95 * J.W. Grifﬁs, Grenada ...........................................Jackson 1895-96 * C.W. Robinson, Meridian .....................................Jackson 1896-97 * James E. Negus, Greenville ...................................Jackson 1897-98 * G.D. Able, Water Valley ............................... Water Valley 1898-99 * J.A. Conway, Vicksburg .................................... Greenville 1899-1900 * Phil A. Rush, Senatobia ...................................... Grenada 1900-01 * R.L. Bennett, Yazoo City ........................................Canton 1901-02 * B.L. Roberts, Canton ........................................ West Point 1902-03 * J.J. White, McComb ................................... McComb City 1903-04 * J.T. Thomas, Grenada ..................................... Hattiesburg 1904-05 * F.W. Foote, Hattiesburg.......................................... Tupelo 1905-06 * J.W. McGrath, Brookhaven ................................Vicksburg 1906-07 * E. McMorries, Meridian ..................................... Meridian 1907-08 * John M. Fletcher, Kosciusko ...................................Gulfport 1908-09 * O. Newton, Jr., Jackson ..................................Brookhaven 1909-10 * W.M. Anderson, Jackson .................................. Columbus 1910-11 * B.W. Grifﬁth, Vicksburg ...................................... Natchez 1911-12 * C.H. Williams, Yazoo City ............................. Greenwood 1912-13 * Q.B. Quinn, McComb ........................................Gulfport 1913-14 * J.F. Flournoy, Canton ........................................ West Point 1914-15 * Henry Hart, Winona .........................................Vicksburg 1915-16 * S.J. High, Tupelo ..................................................Jackson 1916-17 * J.A. Bandi, Gulfport ................................................ Laurel 1917-18 * W.P. Kretschmar, Greenville ............................... Greenville 1918-19 * R.C. King, Greenwood ................................ Camp Shelby 1919-20 * Thad B. Lampton, Jackson................................. Clarksdale 1920-21 * T.W. McCoy, Vicksburg ............................... Gulfport-Biloxi 1921-22 * W.D. Davis, Brookhaven....................................Vicksburg 1922-23 * E.P. Peacock, Clarksdale .......................................Jackson 1923-24 * H.C. Herring, Moss Point ................................... Meridian 1924-25 * R.B. Clark, Tupelo ............................................ Columbus 1925-26 * J.B. Stirling, Jackson ..............................................Jackson 1926-27 * O.B. Taylor, Jackson ................................................Biloxi 1927-28 * A.D. Simpson, Meridian............................ Edgewater Gulf 1928-29 * F.H. Parker, Canton ........................................... Memphis 1929-30 * N.H. Crenshaw, Jackson..........................................Biloxi 1930-31 * B.C. Adams, Grenada ........................................Gulfport 1931-32 * J.W. Slaughter, Columbus ......................................Jackson 1932-33 * G.M. McWilliams, Hattiesburg ........................... Memphis 1933-34 * M. Gerald Burrow, Tunica .....................................Jackson 1934-35 * H.H. Chambliss, Laurel ............................................Biloxi 1935-36 * B.J. Carter, Jr., Meridian .....................................Vicksburg 1936-37 * George C. Wallace, Jackson.............................. Memphis 1937-38 * Conwell Sykes, Clarksdale ........................ Edgewater Gulf 1938-39 * W.A. Montgomery, Edwards ........................New Orleans 1939-40 * A.L. Rogers, New Albany .........................................Biloxi 1940-41 * Frank R. McGeoy Jr., Greenwood..............................Biloxi 1941-42 * W.H. Negus, Greenville ..........................................Biloxi 1942-43 * W.M. Mounger, Jackson ..........................................Biloxi 1943-44 * Leo W. Seal, Bay St. Louis.....................................Jackson 1944-45 * M.D. Brett, Jackson..................................................Biloxi 1945-46 * G.J. Hauenstein, Hattiesburg ..................................Jackson 1946-47 * Walter Page, Starkville .............................................Biloxi 1947-48 * W. Stennis Johnson, McComb ..................................Biloxi 1948-49 * Frank E. Allen, Canton .............................................Biloxi 1949-50 * P.C. Williams, Yazoo City ........................................Biloxi 1950-51 * W.B. Herring, Pascagoula .......................................Biloxi

63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121. 122. 123. 124. 125.

1951-52 * L.G. Simmons, Pontotoc ...........................................Biloxi 1952-53 * W.P. McMullan, Jackson ..........................................Biloxi 1953-54 * R.P. Parish, Jr., Greenwood .......................................Biloxi 1954-55 * W.W. Hollowell, Greenville .....................................Biloxi 1955-56 * S.E. Babington, Magnolia ........................................Biloxi 1956-57 * J.T. Brown, Jackson ..................................................Biloxi 1957-58 * C.E. Morgan, Kosciusko ..........................................Biloxi 1958-59 * R.C. Liddon, Corinth ................................................Biloxi 1959-60 * L.Y. Foote, Hattiesburg .............................................Biloxi 1960-61 * E.P. Peacock Jr., Clarksdale .......................................Biloxi 1961-62 * Wylie V. Kees, Magee ............................................Biloxi 1962-63 * Thad B. Lampton Jr., Columbia ..................................Biloxi 1963-64 * C.C. Eason, Tupelo .................................................Biloxi 1964-65 N.S. Rogers, Jackson ...............................................Biloxi 1965-66 * C.A. Miller Jr., Greenwood.......................................Biloxi 1966-67 * Orrick Metcalfe, Natchez.........................................Biloxi 1967-68 * W. Liddon McPeters, Corinth ....................................Biloxi 1968-69 * H.P. Heidelberg Jr., Pascagoula .................................Biloxi 1969-70 * C.E. Morgan Jr., Kosciusko .......................................Biloxi 1970-71 * S.D. Davis, Mendenhall ...........................................Biloxi 1971-72 * C.S. McGivaren, Clarksdale ....................................Biloxi 1972-73 * J.C. Whitehead Jr., Tupelo ........................................Biloxi 1973-74 * Leo W. Seal Jr., Gulfport...........................................Biloxi 1974-75 * R. Ben Lampton, Jackson ..........................................Biloxi 1975-76 * William E. Howard Jr., Laurel ....................................Biloxi 1976-77 * John H. Mitchell Jr., Starkville .....................................Biloxi 1977-78 * Ray K. Smith, Greenville ...........................................Biloxi 1978-79 * R.D. Gage III, Port Gibson ........................................Biloxi 1979-80 * Paul W. McMullan, Hattiesburg ................................Biloxi 1980-81 * Don F. Calfee, Brandon............................................Biloxi 1981-82 Douglas A. Herring, Starkville....................................Biloxi 1982-83 * Cecil F. Robbins, Edwards ........................................Biloxi 1983-84 * R.E. Kennington II, Grenada .....................................Biloxi 1984-85 * Raymond L. Davis, Brookhaven .................................Biloxi 1985-86 * M.F. Kahlmus, Meridian ...........................................Biloxi 1986-87 * F. Farrell Berryhill, Pontotoc ........................................Biloxi 1987-88 * D.P. McGowan, Yazoo City .....................................Biloxi 1988-89 Lewis F. Mallory Jr., Starkville .....................................Biloxi 1989 Leon C. Williamson, Magnolia .................................Biloxi 1989-91 E.B. Robinson Jr., Jackson................. Panama City Beach, FL 1991-92 Jack B. Yates, Lexington ................... Panama City Beach, FL 1992-93 Bobby P. Martin, Ripley ................... Panama City Beach, FL 1993-94 * Earl W. Lundy, Vicksburg ................. Panama City Beach, FL 1994-95 E.E. Prestridge, Hazlehurst ............... Panama City Beach, FL 1995-96 Aubrey Patterson Jr., Tupelo ...........................Nashville, TN 1996-97 Larry Pratt, Batesville........................ Panama City Beach, FL 1997-98 George A. Schloegel, Gulfport..................................Biloxi 1998-99 Vance L. Witt, New Albany ......................................Biloxi 1999-2000 Fred Miller, Anguilla........................................... Destin, FL 2000-01 W. Page Ogden, Natchez ......................................Biloxi 2001-02 Steve Webb, Philadelphia ............... Panama City Beach, FL 2002-03 S. Grifﬁn Norquist Jr., Yazoo City ...............................Biloxi 2003-04 Hugh S. Potts Jr., Kosciusko ................................. Destin, FL 2004-05 T.E. “Gene” Walker, Forest ................................. Destin, FL 2005-06 Huey L. Townsend, Belzoni ................................. Destin, FL 2006-07 Harry M. Walker, Jackson .................................. Destin, FL 2007-08 James H. Clayton, Indianola ............................... Destin, FL 2008-09 William D. Sones, Brookhaven............................ Destin, FL 2009-10 E. Robinson McGraw, Tupelo.............................. Destin, FL 2010-11 Joel C. Clements, Waynesboro ........................... Destin, FL 2011-12 Carl J. Chaney, Gulfport ..................................... Destin, FL 2012-13 H. Gregory Taylor, Holly Springs ......................... Destin, FL 2013-14 Odean Busby, Magee ....................................... Destin, FL

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MBA Legislative Update

THE MISSISSIPPI BANKER

Mississippi Legislature adjourns 2015 Session On April 2, the Mississippi Legislature adjourned the 2015 Regular Session, wrapping up the scheduled legislative activity of the four-year term. The upcoming state-wide elections loomed over the Legislature all session, and many of the decisions that were made this year were influenced by the upcoming races. The MBA worked throughout the session to advocate and advance industry positions on a number of important issues. Of note, the MBA was successful in working to see HB 589 (Rep. Andy Gipson) enacted into law. This legislation should help protect banks from potentially expensive patent trolling litigation in Mississippi. The MBA was also successful in working to enact trust reform legislation,

HB 153 (Speaker Philip Gunn), which would allow trust clients to establish long-term trusts by amending the state’s common law “Rule Against Perpetuities.” The MBA also worked with a number of interested parties and other business groups to support tax reform measures that would have, among other things, phased out the corporate franchise tax. This measure passed the State Senate, but unfortunately failed in House of Representatives by only 5 votes. The Legislature passed a $6.3 billion budget that does not use any one-time money for recurring expenses. The state budget is also highlighted by record spending in K-12 education as well as significant increases for the state’s univer-

sities and community colleges. Through the legislative appropriations process, the Department of Banking and Consumer Finance was also given authority to expand its examination staff and give department employees a 3% pay raise. Our state’s elected officials will now fully turn their attention to this year’s election cycle. Party primaries are scheduled August 4 with runoffs scheduled August 25. The state’s general election is slated to occur on November 3. The campaign process is beginning to kick-off now across the state. Bankers with questions regarding the recent legislative session may contact Gordon Fellows, MBA vice president of government relations, at (601) 948-6366.

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Bankers on the Move

THE MISSISSIPPI BANKER

The Citizens Bank, Philadelphia

Citizens Bank, Columbia Kristi Cody has been promoted to Assistant Vice President. She graduated from Mississippi State University. Cody has been with Citizens bank for eight years.

Dawn Greer has been promoted to Assistant Vice President. She is a graduate of Pearl River Community College and The University of Southern Mississippi. Green has been with Citizens Bank for 20 years.

Allen Knight has been promoted to Assistant Vice President. He graduated from the University of Mississippi with a degree in psychology. Knight has been with Citizens Bank for seven years. Amanda Matherne has joined Citizens Bank, Columbia as Branch Manager and Loan Officer of the Seminary Branch. She has 12 years of experience in lending.

Cody

Greer

Knight

Matherne

David McLeod has been promoted to Assistant Vice President. He is a graduate of Pearl River Community College with an associate in electronics technology and associate in business marketing and McLeod management. McLeod also received a bachelor’s degree in business administration from Ashworth College and a degree in bank operations from the American Institute of Banking.

Charles Byrd has been promoted to Vice President & Appraisal Review Officer for the Starkville office. He received both a bachelor’s and master’s degree in business administration. Sandra Curtis has been promoted to Assistant Cashier and Teller Administrator. She has been in the banking industry for 47 years, 40 of which have been with The Citizens Bank.

Byrd

Sue Fisher has been promoted to Assistant Vice President and Deposit Operations Officer. She graduated from Hinds Community College. Fisher has 43 years of experience in the banking industry. Lynn Graham has been promoted to Assistant Vice President and Branch Operations Officer for the Louisville office. She has been in the banking industry since 1988. Pat Stokes has been promoted to Assistant Vice President and Operations Officer at the Philadelphia office. She is a graduate of East Central Community College. Stokes has been with The Citizens Bank for 35 years.

Fisher

Graham

Stokes

Community Bank Curtis

Rhonda Edmonson has been promoted to Assistant Vice President and Branch Operations Officer for the Starkville office. She is a graduate of East Central Community College. EdEdmonson monson has 21 years of experience in the banking industry.

THE MISSISSIPPI BANKER

The Citizens Bank, Philadelphia

Bill Bethany has joined Community Bank as Assistant Vice President at the Jackson office. He received a bachelor’s degree in business administration from The University of Southern Mississippi Bethany and a master’s degree in business administration from Delta State University. Bethany is also a graduate of the Mississippi School of Banking. He has over 10 years of experience in the banking industry.

Bankers on the Move

THE MISSISSIPPI BANKER

Community Bank Karen Dickey has been promoted to Senior Vice President and Branch Administration Officer for the North Mississippi bank. She joined Community Bank in 2007.

Dickey

Jessica Merrill Lane has joined Community Bank as a Senior Vice President at the Flowood office. She received a bachelor’s degree in business administration and a bachelor’s of arts & sci- Lane ence in Spanish from Mississippi State University. Lane is also a graduate of Belhaven University with a master’s degree in business administration and a graduate of The Southeastern School of Commercial Lending. Bryan Liles has recently joined Community Bank as Vice President at the Ridgeland office. He graduated from Mississippi College with a bachelor’s degree in business administration. Liles has Liles over seven years of experience in banking and management.

Great Southern Bank Michelle Rowland has been promoted to Vice President, Loan Review Officer and Security Officer. She is a graduate of the University of West Alabama., the Southeastern School Rowland of Consumer Credit and the Mississippi Bankers Association Commercial Lending School. Rowland has over 20 years of experience in lending.

Great Southern Bank Cynthia Wilson has been promoted to Accounting Officer. She received a bachelor’s degree in accounting at Mississippi State University.

Wilson

PriorityOne Bank Raland Burks has been named Senior Vice President and Commercial Lender for PriorityOne Bank’s Hattiesburg Division. He graduated from The University of Southern Mississippi Burkes with a bachelor of science. Burks is a graduate of the Graduate School of Banking at LSU and ABA’s Graduate School of Trust. He has 15 years of experience in the banking industry. Rebecca A. Casada has been promoted to Branch Loan Operations Officer for the Hattiesburg branch. She is a graduate of Southwest Mississippi Community College Casada with an associate of arts degree. Casada has 11 years of banking experience. Kimberly Chain has been promoted to Assistant Vice President and Branch manager for PriorityOne’s Civic Center Branch in Collins. She attended Jones County Chain Junior College for two years. Chain has five years of experience in the banking industry.

PriorityOne Bank Jonathan Cole has recently been named Vice President and Loan Officer of the Magee branch. He received a bachelor of science in software engineering technology from The University of Southern

Cole

Mississippi and a master of business administration from Mississippi College. Cole is a graduate of the Mississippi School of Banking. He has eight years of experience in banking.

Zane Collins has been promoted to Covington County Division President. He graduated from The University of Southern Mississippi with a bachelor’s degree in business administration and Collins the Mississippi School of Banking. Collins joined PriorityOne Bank in 1990. Lauren Douglas has recently been named Assistant Vice President and Branch Manager for the Ridgeland branch. She received an associate’s degree from Copiah Lincoln Community College. Douglas Douglas has three years of experience in the banking industry.

Are your bankers on the move? Send your submissions to rchew@msbankers.com MAY/JUNE 2015

Bankers on the Move

THE MISSISSIPPI BANKER

PriorityOne Bank

Trustmark National Bank

Harvey Lott has been promoted to Vice President and Loan officer for PriorityOne in the Collins Branch. He received a bachelor of science in business administration from The University of South- Lott ern Mississippi. Lott is a graduate of the Mississippi School of Banking. He has over eight years of experience in banking.

Ryan D. McElveen has been named Assistant Vice President at the Corporate Main office in Jackson. He earned a bachelor’s degree in business information systems from Mississippi State University. McElveen McElveen has 10 years of experience in the financial industry.

Beth Stuart has been named Branch Officer to the Bellevue Branch. She has over 20 years of experience in banking.

Jacob (Jake) R. Rogers h a s b e e n n a m e d Corporate Banking Officer at the Corporate Main office in Jackson. He earned a bachelor of science in commerce and business administration Rogers with a concentration in finance from the University of Alabama. Rogers has four years of experience in the financial industry.

Stuart

Stacy Warren has been promoted to Branch Officer for PriorityOne’s Mendenall Branch. She has 11 years of experience in the banking industry. Warren

Regions Tom Jensen has recently been named Assistant Vice President and Manager of the Lakeland Drive branch in Jackson. He received a bachelor’s degree in business administra- Jensen tion from Mississippi State University. Jenson joined Regions in 2011.

Jeﬀrey (Jeﬀ) L. Ross has been named Vice President at the Canton Main office in Canton. He earned a bachelor of business administration degree from the University of Kentucky. Ross has Ross nine years of experience in the financial industry.

THE MISSISSIPPI BANKER

Trustmark National Bank Anthony Sherman, Jr., has been named First Vice President and Trust Officer at the Corporate Main office in Jackson. He earned a bachelor’s degree in accounting from Mississippi State Sherman University. Sherman also earned a master’s degree in taxation from Mississippi State University, as well as a Juris Doctor from the University of Mississippi. He has four years of experience in the financial industry. Larry A. Waggoner has been named President at the Carthage Main office in Carthage. He earned a bachelor of science in business and industry from Mississippi State University. Waggoner has 36 Waggoner years of experience in the financial industry.

Thomas M. Woods has been named First Vice President at the Corporate Main office in Jackson. He earned a bachelor’s degree in business administration with a concentration in accounting from Millsaps Woods College. Woods attended the Mississippi School of Banking, the Southeastern School of Commercial Lending and the Southeastern School of Advanced Commercial Lending. He has 33 years of experience in the financial industry.

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SPECIAL ANNIV ERSARY ISSUE

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Help us spread the good news about banking Traditional banking, like that practiced by our member banks, is all about supporting our communities and our state – and making a difference in the lives of our customers. Help us tell this important story. Let us know about your bank’s involvement in civic and community activities. Send us information on what you are doing. Please send articles, photos to rchew@msbankers.com or mail them to MBA at P.O. Box 37, Jackson, MS 39205-0037.

YEARS

MISSISSIPPI BA

NKERS ASSO CIATION 1889 - 2014

e Magazine Issu

Hard Cover E dition

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Call the MBA Office, (601) 948-6366 or email Rachel Chew at rchew@msbankers.com MAY/JUNE 2015

MBA Classiﬁed Ads

THE MISSISSIPPI BANKER

ACCOUNTANT 1: A community

bank in east central Mississippi is seeking an accountant. CPA preferred. Perform data analysis, budgeting and forecasting for the financial institution. Develop and implement financial institution fiscal plans and policies, including asset/ liability analysis. Candidate must possess strong analytical skills. A bachelor’s degree is required and a minimum of two years’ experience in public accounting; financial institutions preferable. Pay commensurate with qualifications and experience. Reports to Chief Executive Officer. Candidates may submit resumes to rchew@msbankers.com.

BANK EXAMINER: The Depart-

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

COMPLIANCE OFFICER: Bank

seeks full-time Compliance Officer to work in Northeast Mississippi. Applicants should have continuous work history with two years of recent experience in compliance department of a bank. Successful candidate must be professional, exhibit good interpersonal skills (relate to customers and coworkers), and possess sound judgment. Financial responsibility to be verified. Pay commensurate with qualifications and experience. Benefits available on first of month following 60 days of full-time employment. Candidates

may submit confidential resumes to rchew@msbankers.com.

LOAN AND BUSINESS DEVELOPMENT OFFICER:

A North Mississippi Bank is seeking a Loan and Business Development Officer for their Oxford location. The candidate should have at least five years of commercial lending and business development experience. The bank is seeking someone who has knowledge or experience in the Oxford/Lafayette Co. market. Pay commensurate with qualifications and experience. Candidates may submit confidential resumes to rchew@msbankers.com.

LOAN AND BUSINESS DEVELOPMENT OFFICER 2: A Central Missis-

sippi Bank is seeking a Loan and Business Development Officer for their Clinton location. The candidate should have at least five years of commercial lending and business development experience. The bank is seeking someone who has knowledge or experience in the Clinton/Hinds County market. Pay commensurate with qualifications and experience. Candidates may submit confidential resumes to rchew@msbankers.com.

MORTGAGE LOAN ORIGINATOR: The Citizens Bank of Philadelphia

is seeking a Mortgage Loan Originator for a branch location in Hattiesburg, MS. The position will be responsible for initiating, processing and closing residential mortgage loans in accordance with bank policies. Responsibilities include initiating loans with customers, completing applications and ensuring proper disclosures are made to borrower. The originator will evaluate borrower requests and ensure borrower is matched to appropriate mortgage types. This position works closely with attorneys, underwriters, relators and appraisers, as well as bank lending staff on construction lending and recruiting new business. Other essential duties will include promoting the Bank by maintaining good customer relations and referring

THE MISSISSIPPI BANKER

customers to appropriate staff for new services as well as representing the bank in the local community through active participation in community affairs. Prior experience in mortgage loan origination is required. We provide a wide range of employee benefits and compensation commensurate with experience. Please submit resumes to hr@tcbphila.com.

PRIVATE BANKER: A local commu-

nity bank seeks a private banker to work in a branch location to facilitate teller transactions for private banking clients/ customers, seek and engage loan and deposit clients/customers, facilitate contract signings and closings, comply with all applicable laws, assist in the collection and creation of paperwork for processing of deposit and loan operations, complete due diligence and basic paperwork on loan applications and new account customers, return phone calls and answer questions related to the preparation of customer documents in deposit and lending operations, maintain and service a high call volume of existing and potential clients/ customers, coordinate with Deposit and Loan Operations to ensure follow up of necessary documentation, ensure customer contact and satisfaction for all banking needs. Skills/Requirements: • Previous bank experience in lend ing and/or deposit operations • Previous experience in attorney loan closings and/or mortgage industry • PC proficiency and ability to use Microsoft products, such as Word and Excel • Ability to organize, multi task and meet deadlines • Well-developed interpersonal, communication and customer service skills • College experience is preferred Please send resume in strict confidence to jobapp@megagate.com and/or apply at the local WIN Job Center. The company is an Equal Opportunity Employer

MBA Classiﬁed Ads

THE MISSISSIPPI BANKER

(EOE). No applicant for employment with the Company shall be subjected to discrimination because of race, color, sex, national origin, religion, disability, age, reprisal for engaging in anti-discrimination activities, protected genetic information, sexual orientation or parental status.

SENIOR LOAN OFFICER: A com-

munity bank in Meridian is seeking a Senior Loan Officer. Successful candidates will have ten plus years of lending experience, preferably in commercial/real estate. Also a successful candidate will have experience in business development and the oversight of support staff. Seeking an individual who is a graduate of the Graduate School of Banking at LSU. Candidates with knowledge or experience in the Meridian market are preferred. Opportunity for advancement within 3-5 years. Candidates may submit confidential resumes to rchew@msbankers.com.

HOW TO CONTACT US REGARDING A CLASSIFIED AD:

Contact Rachel Chew, MBA, P.O. Box 37, Jackson, MS 39205. (601) 948-6366. rchew@msbankers.com CLASSIFIED AD POLICY - THE MISSISSIPPI BANKER FOR MBA MEMBERS:

Classiﬁed advertising will be placed in The Mississippi Banker magazine for association member institutions free of charge. The magazine reserves the right to reject any ad or to change or limit the wording of any such ad. Typically, these ads will be for positions open. Other ads, such as sales or purchases of equipment or other property, will also be accepted.

FOR PERSONS SEEKING POSITIONS IN BANKING:

Classiﬁed advertising will be placed free of charge in The Mississippi Banker for any applicant seeking employment with a Mississippi bank, 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 sought. The magazine reserves the right to reject any ad, to limit or change the wording of any ad, or to limit the period of time the ad will be carried.

OTHERS:

Classiﬁed ads are not available for MBA Afﬁliates or non-members.

BANKER SEEKS NEW OPPORTUNITY: Relocating to Jackson area; seek-

ing employment in commercial lending. Commercial banking experience includes determining potential commercial banking needs for customers and prospects through community involvement, team prospecting, and relationship building. Background in structuring, analyzing and underwriting loans including manufacturing, health care, public finance, and commercial real estate. Excellent communication and analytical skills. For additional information, please contact rchew@msbankers.com.

FOR SALE OR LEASE: A bank building located at 792 Lake Harbor Road in Ridgeland, MS, is available for sale or lease. The building is set up for a bank (drive through and vault). For more information, call (601) 955-4430.

MAY/JUNE 2015

American Bankers Association THE MISSISSIPPI BANKER

Telling Stories

By Gov. Frank Keating, American Bankers Association President and CEO

A stay-at-home mom in Massachusetts goes through the pain of a divorce resolved to provide as much stability for her kids as possible. She sets out to re-enter the work force and applies for Keating a loan to purchase the family home so her kids can remain in the same schools. The bank wants to help, but because the woman cannot meet the ability to repay/ qualified mortgage rule requirements, the loan is declined. An experienced doctor in Oklahoma with a substantial income wants to move his family to a neighborhood with better schools. Though he has been practicing for several years, he just purchased his own practice. Now, without a two-year history of self-employment income, he can’t qualify for long term mortgage financing. Another homeownership dream dashed by inflexible regulation. There are plenty more stories where those came from. In fact, when ABA recently asked bankers to share examples of the most troublesome regulations, with an emphasis on how the rules’ affected their customers, bankers did not disappoint. A bank in New Mexico has stopped offering mobile home secured loans because its customers would not observe the home ownership counseling requirement. An Idaho banker reported the frustration of ag customers who are being told they must purchase flood insurance on low-value sheds and barns located on their property. A Colorado banker noted how his bank worked with a recently retired engineer with substantial liquidity and a generous, albeit time-limited pension. A good credit risk yet, thanks to overly prescriptive rules, the man had to ask his 75-year-old father 36

to cosign the loan. These are powerful stories. In fact, most stories are powerful. That’s because, despite the tremendous advancements in communications technologies, storytelling remains the most effective way to make a point. Members of Congress believe it, too. In fact, three VIPs speaking at ABA’s Government Relations Summit in March -- Rep. Jeb Hensarling (R-Texas), who chairs the House Financial Services Committee, Sen. Sherrod Brown (D-Ohio), ranking member of the Senate Banking Committee, and Rep. Kevin McCarthy (R-Calif.), who holds the second most powerful post in the House -- all advised bankers seeking regulatory relief to “tell their stories” to their lawmakers. Hensarling and McCarthy also stressed the importance of talking with members of both parties. The legislative solutions we seek require bipartisan support to be enacted. Rather than telling your story to an official who already knows you and appreciates what you do, tell it to the freshman representative or the Democrat who fears one or two practical legislative fixes could lead to the unraveling of the Dodd-Frank Act. Our first instinct when asked to talk about our industry’s regulatory burden might be to talk about how much time and money compliance is costing banks. That’s a legitimate grievance that reveals an essential economic truth: Money spent on paperwork is money that can’t be spent in loans that bring growth and prosperity. But dry economic arguments don’t pack nearly as much punch as stories about how a customer couldn’t buy a home or expand her business. Analogies help, too. I have tried to explain banks’ regulatory burden to reporters by telling them if restaurants had to expend as much human and financial resources on

THE MISSISSIPPI BANKER

compliance as banks do, the food you eat wouldn’t taste very good. Colorful analogies and anecdotes resonate more than just plain facts. Narratives are more memorable than PowerPoint slides. If you’ve heard me speak, you know that I believe this. I practice what this column is preaching. If you want to see meaningful regulatory relief -- or a level playing field with credit unions and the Farm Credit System, or more accountability for retailers involved in data breaches – share your stories with your lawmakers when you write or meet with them. Communicating effectively and memorably about our policy priorities will help us achieve them. © 2015 American Bankers Association. All rights reserved. Reprinted with permission.

e in Advertis The pi Mississip Banker FOR MORE INFORMATION ABOUT ADVERTISING IN

The Mississippi Banker CONTACT RACHEL CHEW rchew@msbankers.com

Specializing in Correspondent Banking yesterday, today and tomorrow. Leadership, experience, technology, innovation, strength and satisfaction…these are the expectations of our correspondent banking clients. As one of the leading correspondent banks in the country, we are uniquely qualified to deliver on these expectations. We understand this business inside and out. We know where it’s been, and where it’s going. Let us put our expertise to work for your bank today. Kathy Armstrong • VP - Relationship Manager 214-399-6427 Janet Clayborne • VP - Relationship Manager 713-557-6612 Don Dickerson • SVP - Relationship Manager 713-865-3023 T. Ray Sandefur • SVP - Director of Credit Services Michael Burnap • SVP - Director of Operations Bob Freeman • EVP - Director of Correspondent Banking 1-800-644-3330 • CorrespondentBanking.us@bbva.com • bbvacompass.com/correspondent

All loans and accounts subject to approval, including credit approval. BBVA Compass is a trade name of Compass Bank, a member of the BBVA Group. Compass Bank, Member FDIC. Rev. 03/2015 / #2817

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