The Mississippi Banker - January February 2014

Banker THE MISSISSIPPI

VOLUME 98 • NUMBER 4

JANUARY/FEBRUARY 2014

Mississippi bankers reach over 10,000 during ‘A Banker in Every Classroom’

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FOUNDED 1889

OFFICERS

Chairman Odean Busby, Magee Vice Chairman Freddie Bagley, Brandon Treasurer George Marx, Hazlehurst President McKinley W. Deaver, Jackson

The official publication of the Mississippi Bankers Association McKinley W. Deaver • Editor Volume 98 • Number 4 • January/February 2014

BOARD OF DIRECTORS Terms Expiring 2014 Pat Biglane, Natchez/Vidalia, La. Randy Randall, Indianola Hugh Tate, New Albany Bryan Thornhill, Greenwood Max Yates, Ridgeland 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 Ex-Officio Members Odean Busby, Chairman, Magee Freddie Bagley, Vice Chairman, Brandon George Marx, Treasurer, Hazlehurst H. Gregory Taylor, Retiring Chairman, Holly Springs Carl Chaney, Preceding Chairman, Gulfport

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 Administrative Assistant....................... Amber Parker

YOUNG BANKERS SECTION President..........................Matt McCraw, Oxford Vice President......... Michael Schloegel, Gulfport Treasurer....................Parker England, Greenville

Features

MBA Women in Banking Conference......................................... 9 Second annual event will be held March 27 in Jackson

MBA member banks................................................................. 10 Mississippi banks unite through MBA

MYB Convention preview .......................................................... 12 Annual meeting set for March 8-12 in Point Clear, Ala.

‘A Banker in Every Classroom’................................................... 14 Mississippi bankers reach over 10,000 students

MBA Scholarships.................................................................18-19 Education Foundation increases awards, honors Moak

Departments From the President...............................................................................................................2 Around the State.............................................................................................................. 3-4 Good Neighbors...................................................................................................................5 Calendar..............................................................................................................................8 Classified Ads.....................................................................................................................21 Bankers on the Move.................................................................................................... 22-23 American Bankers Association............................................................................................24

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

JANUARY/FEBRUARY 2014

1

Mississippi plays key role on Volcker Rule Congressional delegation joins bankers in achieving reversal on TruPS treatment

By Mac Deaver, MBA President Over a 17-day period in December, an amazing thing occurred. Federal banking regulators listened to the bankers and reversed a decision to apply the Volcker Rule to all banks owning trust-preferred securities. Mississippi bankers, working cooperatively through the MBA and national associations – and with the strong support of our state’s Congressional delegation – played a key role in making this happen.

Deaver On December 10, the federal regulators announced a “final” Volcker Rule that would have required all banks – including about two dozen in Mississippi – to divest their holdings in TruPS. The Volcker Rule, part of the Dodd Frank Act, purportedly was aimed at proprietary trading by the largest banks.

However, with no advance notice, the regulators issued a rule to mandate that banks of all sizes divest themselves of TruPS holdings. As written, this rule would have resulted in an estimated loss of $600 million in bank capital nationwide.

Mississippi bankers who would be impacted immediately began contacting the MBA, as well as their regulators. Our association quickly engaged the American Bankers Association on this issue, requesting a meeting of the Alliance of State Associations to address the concerns. The ICBA also got involved in urging a reversal of the December 10 regulatory action. While the divestiture of TruPS would be required over a period of 18 months, the accounting impact on bank earnings and capital would take place on December 31. Needless to say, time was of the essence. A very loud call went out to Washington over the devastating impact faced by hundreds of banks across the country.

The MBA joined our member bankers in contacting the Mississippi Congressional delegation, asking for their help in getting the regulators to reconsider the rule. The MBA communicated with other state bankers associations, urging them to join in pressing for a revised rule.

All six members of Mississippi’s Con2

gressional delegation quickly signed a joint letter to the federal regulators urging them to reconsider their action. Senators Roger Wicker and Thad Cochran and Representatives Alan Nunnelee, Bennie Thompson, Gregg Harper and Steven Palazzo came together as the first Congressional delegation of any state to unanimously call for reversal of TruPS treatment under the Volcker Rule.

Special thanks, too, are in order to the staffs of the Mississippi lawmakers. In addition to working with the MBA in drafting the delegation letter, Congressional staff members stayed in touch with the Senate and House leadership and interceded with regulatory staff, helping them understand the impact of the rule and keeping the MBA staff informed of any developments.

On December 18, several Mississippi bankers – including MBA Chairman Odean Busby – flew to Washington on a day’s notice to meet with Congressional leaders and regulators to press the case. As awareness of the impact of Volcker increased, there was great anticipation that banks would get some good news in the form of regulatory “guidance” that would reduce the impact of the rule on community banks with TruPS holdings. But the announcement that came from regulators on December 19 provided no relief to impacted banks.

With the end-of-year accounting implications at hand for affected banks, and no relief in sight, the ABA took the unusual step of filing legal action against the regulators to stop implementation of the rule. Citizens Bank & Trust Co. of Marks was one of two banks that were named plaintiffs in the ABA suit, which sought emergency relief to avoid irreparable harm to affected banks.

As the ABA lawsuit headed toward a hearing, the lobbying effort for a reversal by the regulators intensified. Congressional leaders announced plans to hold hearings and consider legislative action to correct the misguided Volcker Rule. In the midst of all this, the regulators issued a revised “final” rule on December 27. The new rule removed about 95% of TruPS held by banks from coverage by the Volcker Rule. The lawsuit was dropped, Capitol Hill hearings were cancelled, and bankers breathed a collective sigh

THE MISSISSIPPI BANKER

of relief.

The outcome on the Volcker Rule demonstrates what can be achieved when the banking industry works together. The effort made by bankers and bankers associations, by bank attorneys, accountants and consultants, and

by United States Senators and Representatives was nothing short of tremendous. No one person or group made the difference.

But by working together, we all did. (ABA President Frank Keating’s column on page 26 of this magazine gives his perspective on all this.)

Congratulations and thanks to everyone who was involved in winning the Volcker battle. I am greatly encouraged by what teamwork accomplished over those few days during December 2013. I trust our industry will employ the same cooperative spirit as we face growing challenges ahead of us.

The Mississippi Banker Magazine COMMEMORATIVE ISSUE

Banker THE MISSISS IPPI

VOLUME 98 • NUMBER 2 SEPTEMBER/OCTOBER 2013

%DQNHU THE MISSISS IPPI

VOLUME 97 • NUMBER 3 NOVEMBER/DECEMBER 2012

Celebrate our 125th anniversary with our Commemorative Issue!

Available at the MBA Annual Convention Sandestin, Fla. May 14-18, 2014

Around the State

THE MISSISSIPPI BANKER

Community Bancshares announces promotions For Bagley, Nicholson and Hughes

The Board of Directors for Community Bancshares, Inc. recently announced the following promotions.

Freddie J. Bagley has been elected to serve as the new Chairman of the Board for Community Bancshares, Inc. Thomas W. Colbert, who will ascend to the position of Senior Chairman, has served as the holding company’s Bagley Chairman since formation in 1977, and will continue to have an active role. Mr. Bagley has been President and CEO of the holding company since 1992.

Bagley is a graduate of Mississippi College with a degree in Mathematics. He is also a graduate of the Mississippi School of Banking and the Graduate School of Banking at LSU. Bagley is Vice Chairman for the Mississippi Bankers Association, where he also serves as President of the MBA Education Foundation. He continues to serve on the boards of Rankin First Economic Authority and the Greater Jackson Chamber Partnership.

Bagley is a member of Christ United Methodist Church in Jackson. He is also a board member of Mississippi United Methodist Foundation and serves as Chairman of their Investment Committee.

Charles W. Nicholson, Jr., has been promoted to President and CEO of Com-

munity Bancshares, Inc. Nicholson has served as COO of Community Bank’s holding company for over eight years and prior to that was President and CEO of Community Bank, Meridian. In addition, he also serves as Chairman of the Board for Community Bank, Coast, and as Director for Community Operations, Inc. Nicholson “He is very deserving of this promotion,” stated Freddie J. Bagley, Chairman of Community Bancshares, Inc., “Chuck will lead our bank to even greater accomplishments.”

Nicholson, a Pascagoula native, graduated from the University of Mississippi with a degree in Business. He is also a graduate of the Graduate School of Banking at LSU. Nicholson is active with the Mississippi Bankers Association as a member of the BankPAC Committee and the Legislative Committee. He is also a board member with the Community Foundation of Greater Jackson.

Nicholson is a member of Saint Mark’s United Methodist Church in Brandon and serves on their Finance Committee, Staff Parish Committee and Administrative Council.

David M. Hughes of Biloxi has been promoted to Chief Operating Officer for Community Bancshares and joined the holding company’s board of directors. Previously, Hughes held the position of Chief Executive

Officer of the bank’s subsidiary, Community Bank, Coast. With this new role, Hughes also becomes a member of the holding company’s Risk Management team.

A Biloxi native, Hughes graduated from the University of Southern Mississippi with a degree in Business Administration. He is also a graduate of the Missis- Hughes sippi School of Banking and the University of Oklahoma Commercial Lending School.

“David has done an outstanding job leading our Gulf Coast bank, reaching from Mississippi to Panama City Beach, Florida,” states Charles W. Nicholson, Jr., President and CEO for Community Bancshares, Inc. “We look forward to his expanded role in our future growth throughout the entire bank system.”

Hughes was recognized as one of the 2013 Top 10 Business Leaders of the Mississippi Gulf Coast and has been installed in the Mississippi Gulf Coast Business Leaders Hall of Fame. He served on several committees with the United Way and held leadership positions with the Mississippi Gulf Coast Chamber of Commerce, American Heart Association, Habitat for Humanity, and Boys and Girls Clubs.

Longtime attorney, banker Mayes McGehee dies at 89 H. B. Mayes McGehee, former chief executive officer of Bank of Franklin in Meadville, passed away on January 21 at his home. He was 89.

Mr. McGehee lived a long and full life.

He served his country as a U.S. Marine in World War II and as a lieutenant in the National Guard during the Korean War. He graduated from Ole Miss Law School in 1948, returning to Franklin County to practice for over 58 years. He was active in the State Bar and, received the State Bar’s

Lifetime Achievement Award in 2013.

Mr. McGehee served as CEO of Bank of Franklin for 45 years, during which time he was active in the Mississippi Bankers Association. He graduated from the School of Banking of the South in 1967. Always involved in civic affairs, he supported numerous civic causes and was heavily involved in the economic development of Franklin County. He was an active supporter of the Boy Scouts of America for decades. He served in the Mississippi State Senate for one term (1956-60),

and served a term on the State Oil and Gas Board (1990-1995). A lifetime member of Bude United Methodist Church, he served the church in numerous roles.

Mr. McGehee is survived by his wife of 67 years, Dorothy Clark Calvin McGehee and four children - two daughters, Rebecca M. Janes and Mary Bryan Roberts, and two sons, William Hollis McGehee and Bowmar Mayes McGehee Jr. He also is survived by nine grandchildren and nine great-grandchildren.

JANUARY/FEBRUARY 2014

3

Around the State

THE MISSISSIPPI BANKER

Commerce National Bank announces Promotions for Roberts, Monroe Bobby Roberts has been promoted to Vice Chairman of the Board of Directors of Commerce National Bank, Corinth. A Corinth banker for over 40 years, Roberts was an Roberts organizing Director of Commerce National Bank and has served as the bank’s President since it opened in January 1999.

In May 2010, Roberts was promoted to Chief Executive Officer and he has served as President and CEO for the past 21 years.

As Vice Chairman, Roberts will continue to serve on the Board of Directors and will serve as the bank’s senior lending officer.

Lanny Monroe has been promoted to President, CEO and Director. Monroe joined Commerce National Bank in 2001 as Executive Vice President, Chief Financial Officer and Chief Investment Officer.

Prior to joining Commerce National

65 YEARS STRONG

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THE MISSISSIPPI BANKER

Bank, Monroe worked for National Bank of Commerce from 1973 to 1997, where he served as EVP, Chief Investment Officer and a senior lending officer. From 1997 to 2001 Monroe Monroe worked at Trustmark National Bank as EVP and loan officer. With 40 years of banking and executive experience, Monroe is well qualified to serve as the Bank’s President and CEO.

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Good Neighbors

THE MISSISSIPPI BANKER

Regions Bank supports Operation Shoestring, United Way

Regions Bank contributed $5,000, to Operation Shoestring in support of their “Conversation About Community” event. Pictured left to right: Back Row - Doug Boone, Operation Shoestring board president; Alon Bee, Regions Metro Jackson City President; Charlita Cloman, Regions Community Affairs Manager; Amber May, Operation Shoestring programs director; Robert Langford, Operation Shoestring executive director. Front Row - Operation Shoestring elementary students.

Regions Bank has been donating to the United Way since the Deposit Guaranty days in the 1970’s, in the Metro Jackson area and throughout the state. In 2013, Regions contributed $79,575 to the United Way of the Capital Area. Pictured left to right: Carol Burger, United Way; Alon Bee, Regions Metro Jackson President; and Kim Little, United Way Representative for Regions Bank.

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Special issue of The Mississippi Banker to Mark MBA’s 125th year The Mississippi Bankers Association has a long record of success since it was first organized on May 22, 1889. This May, to celebrate the MBA’s 125th birthday, we will publish a commemorative issue of The Mississippi Banker magazine. This special issue will include features on the banks and bankers who have contributed to the rich history of the MBA and Mississippi’s banking industry. Copies of this issue will be distributed at the 2014 MBA Convention, which will take place at Sandestin Resort May 14-18.

This keepsake edition of our magazine will contain a historical record of our association through the years, including our annual conventions, banking schools and other activities.

It also will include features on many of the Mississippi bankers who have made a difference in our association and the banking history of our state and nation. This issue will be full of

125

Celebrating

photographs and stories you will not want to miss.

Every MBA member bank will be invited to contribute to this commemorative issue. You will soon receive more details about how you and your bank can be part of this keepsake edition of The Mississippi Banker!

Information will be sent to all MBA banks very soon and will also be available on the MBA website.

years

%DQNHU THE MISSISSI PPI

VOLUME 97 • NUMBER 3 NOVEMBER/DECEMBER 2012

2014 Bank Directory Now Available The MBA’s Mississippi Bank Directory brings you the most up-to-date information on Mississippi’s banks. Use the directory to reach officers and directors or as a reference source to up-to-date financial data on the state’s banks. The directory includes: • • • • • • •

Mississippi commercial banks and branches by city/town Addresses, Phone numbers, Web sites and email addresses Routing numbers MBA Affiliate members Banking and trade organizations State and federal regulatory agencies Key state elected and appointed officials

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THE MISSISSIPPI BANKER

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MBA Calendar

THE MISSISSIPPI BANKER

MBA Calendar • • •

•

All offerings are webinars unless otherwise indicated.

Bold items indicate Schools, Conferences and Conventions.

For a complete list of educational events, descriptions and registration information, visit www.msbankers.com.

Contact Amy Davis, adavis@msbankers.com or (601) 948-6366 with any questions.

FEBRUARY 19, 25, 27 20 21, 28 24 27

MARCH

3 4 6 8-12 10 12 14 19 25 26 27

APRIL

6-12 17

MAY

14-18 25-June 6

Loan Documentation 101 Series Online Fraud & Cyber Crime - Are You Safe?

Financial Analysis Toolkit Series 2014 Integrated Disclosures: An Overview of the New Requirements 2014 Call Report Review & Update Video Webcast

Lending Essentials: Business Entities Developing Your Information Security Program Understanding SSAE 16 & SOC Reports When Using a Service Provider MYB Convention, Point Clear, Ala. Call Report Preparation Complaint Management: Complying with Regulatory Expectations Speed Traps Ahead: Fair Lending Issues in Indirect Auto Lending Achieving Unclaimed Property Compliance: Best Practices for the Banking Industry Appraisal & Evaluation Regulations Basic Bankruptcy for Bankers MBA Women in Banking Conference, Hilton Hotel, Jackson

Mississippi School of Banking, Oxford Call Report Seminar, Hilton Hotel, Jackson

126th Annual MBA Convention, Sandestin, Fla. Graduate School of Banking at LSU, Baton Rouge, La.

Visit www.msbankers.com for Registration and more information 8

THE MISSISSIPPI BANKER

MBA Calendar

THE MISSISSIPPI BANKER

MBA Women in Banking Conference set March 27 in Jackson; ‘Strategies for Success’ is focus of second annual event Strategies for success for women in the financial industry will be the focus of the second annual MBA Women in Banking Conference to be held Thursday, March 27, in Jackson. The event will be held at the Marriott Hotel in downtown Jackson.

A committee of bankers, chaired by Mary Ann Gray of BankFirst, Macon, has planned the conference agenda. Registration will begin at 8 a.m., and the conference will start at 8:30 a.m. Lunch will be provided for all attendees.

Gray will preside over the conference.

The opening session will include remarks by State Treasurer Lynn Fitch and Rhoshunda Kelly of the Mississippi Department of Banking and Consumer Finance.

Two highly regarded speakers - Kimberly Medlock of Productive Matters, Olive Branch; and Kelly McDonald of McDonald Marketing, Houston, Texas - will present sessions on leadership, communication, professionalism, generational changes, social media, and other issues. The format of these sessions will encourage interaction by attendees.

Dr. Faye Gilbert, dean of the College of Business at the University of Southern Mississippi, will speak at lunch. The conference will also feature a panel discussion including women bank officers from around Mississippi.

“This is an exciting event that should be meaningful for all who attend,” said Amy Davis, MBA senior vice president. “With input from bankers, we have put together a program of great presenters covering timely and relevant subjects for women in banking.”

Registration for employees and directors of MBA member banks is $225 for the first registrant and $195 for each additional registrant from the same bank. Registration materials have been distributed to all MBA member banks. Additional copies of materials, and more information, can be obtained by contacting Lori Richardson, MBA programs manager, at (601) 948-6366 or lrichardson@msbankers.com.

Women in Banking Conference Planning Committee members met recently at the MBA offices to finalize plans for the 2nd annual conference. Left to right: (front row): Amy Davis, Tish Hughes, Chairman Mary Ann Gray, Tracy Goforth, Lori Richardson. (Back row): Mary Lois Stockman, Robin Sanderson, Gee Gee Patridge, Kristy Davis

Women in Banking Conference Planning Commitee • • • • • • • • • • • •

Mary Ann Gray, BankFirst Financial, Chairman Mary Childs, Peoples Bank, Ripley Audra Cook, Oxford University Bank, Oxford Kristy Davis, First State Bank, Waynesboro Tracy Goforth, First Security Bank, Batesville Alice Herbison, Bank of Benoit, Benoit Tish Hughes, Trustmark Bank, Jackson Lorann Paige, Magnolia State Bank, Bay Springs Gee Gee Patridge, BankPlus, Ridgeland Joy Phillips, Hancock Bank, Gulfport Robin Sanderson, Citizens Bank, Columbia Mary Lois Stockman, BancorpSouth, Tupelo

Second Annual MBA Women in Banking Conference Jackson Marriott Hotel March 27, 2014 For registration and more information Visit www.msbankers.com JANUARY/FEBRUARY 2014

9

MBA Member Banks

THE MISSISSIPPI BANKER

The Mississippi Bankers Association owes its success to the men and women associated with these member institutions: Amory Federal Savings and Loan Association Amory BancorpSouth Tupelo Bank of Anguilla Anguilla Bank of Benoit Benoit The Bank of Bolivar County Shelby Bank of Brookhaven Brookhaven Bank of Commerce Greenwood Bank of Forest Forest Bank of Franklin Meadville Bank of Holly Springs Holly Springs Bank of Jones County Laurel Bank of Kilmichael Kilmichael Bank of Morton Morton Bank of Okolona Okolona Bank of Walnut Grove Walnut Grove Bank of Wiggins Wiggins 10

THE MISSISSIPPI BANKER

Bank of Winona Winona

Community Bank, Coast Biloxi

Bank of Yazoo Yazoo City

Community Bank, Ellisville Ellisville

BankFirst Financial Services Macon

Community Bank North Mississippi Amory

BankPlus Ridgeland

Community Spirit Bank Belmont (Red Bay, AL)

BNA Bank New Albany

Community Trust Bank Madison (Choudrant, LA)

Britton & Koontz Bank, N.A. Natchez

Concordia Bank & Trust Company Natchez (Vidalia, LA)

Cadence Bank, N.A. Starkville (Birminham, AL)

Copiah Bank N.A. Hazlehurst

Charter Bank Biloxi

Covenant Bank Clarksdale

Citizens Bank, Byhalia Byhalia

Covington County Bank Collins

Citizens Bank, Columbia Columbia

DeSoto County Bank Horn Lake

The Citizens Bank, Philadelphia Philadelphia

Farmers & Merchants Bank Baldwyn

Citizens Bank & Trust Company Marks

First American National Bank Iuka

Cleveland State Bank Cleveland

First Bank McComb

Commerce National Bank Corinth

First Bank and Trust Biloxi (New Orleans, LA)

The Commercial Bank DeKalb

First Commercial Bank Jackson

Community Bank of Mississippi Brandon

First Federal Savings & Loan Association Aberdeen

MBA Member Banks

THE MISSISSIPPI BANKER

First Financial Bank Carthage (El Dorado, AR)

Magnolia State Bank Bay Springs

PriorityOne Bank Magee

First National Bank, Pontotoc Pontotoc

Mechanics Bank Water Valley

Regions Bank Jackson (Birmingham, AL)

First National Bank of Clarksdale Clarksdale

Merchants & Farmers Bank Holly Springs

Renasant Bank Tupelo

First National Bank of Picayune Picayune

Merchants & Marine Bank Pascagoula

Richton Bank & Trust Company Richton

First National Banker’s Bank, Mississippi (Ridgeland)

Merchants & Planters Bank Raymond

RiverHills Bank Port Gibson

First Security Bank Batesville

Metropolitan Bank Ridgeland

SouthBank Corinth (Huntsville, AL)

First Southern Bank Columbia

Newton County Bank Newton

Southern Bancorp Bank Indianola (Arkadelphia, AR)

First State Bank, Holly Springs Holly Springs

OmniBank Jackson

State Bank & Trust Company Greenwood

First State Bank, Waynesboro Waynesboro

Oxford University Bank Oxford

Sycamore Bank Senatobia

The First, A National Banking Association Hattiesburg

The Peoples Bank Biloxi

Tallahatchie County Bank Charleston

FNB Oxford Bank Oxford

Peoples Bank Mendenhall

Trustmark National Bank Jackson

Great Southern National Bank Meridian

The Peoples Bank of Ripley Ripley

United Mississippi Bank Natchez

Guaranty Bank & Trust Company Belzoni

Peoples Bank & Trust Company North Carrollton

Wells Fargo Bank, N.A. Biloxi (Sioux Falls, SD)

Hancock Bank Gulfport

Peoples Bank of the South Bude

Holmes County Bank & Trust Company Lexington

Pike National Bank McComb

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

May 25 - June 6, 2014

Planters Bank & Trust Company Indianola

Register @ gsblsu.org JANUARY/FEBRUARY 2014

11

64th Annual MYB

March 8-12

Marrio

Join us for the 64th annual Mississippi Young Bankers Study Conference and Convention! Held at Marriott’s Grand Hotel in Point Clear, Ala., the MYB convention provides an opportunity for bankers to hear speakers on industry and leadership topics, as well as network with peers from around the state. The family-friendly Grand Hotel overlooks scenic Mobile Bay, offers a Fun Camp for children ages 5-12, and plenty of activities for everyone.

This year we are excited to offer new events, including the Exhibitor Family Fun Carnival, a Spouse Paint Party, and a Costume Party with a Costume Contest!

For more information contact the MBA office at (601) 948-6366

Sponsor o pportunitie s Still availa ble!

Amy Davis Brooke McCoy adavis@msbankers.com bmccoy@msbankers.com

2014 MYB Convention Tentative Schedule Saturday, March 8 3:30 - 7:30 pm Registration Sunday, March 9 7:30 am Buffet Breakfast

4:30-7:00 pm New MYB Family Carnival Basketball H-O-R-S-E Tournament and free-throw contest Exhibit Space open during breakfast & General Session breaks

7:30 am-1:00 pm Registration 8:30-9:30 am Inspirational Morning 10:00 am General Session Welcome & Announcements

Monday, March 10 7:15 am Sunrise Devotional 7:30 am Buffet Breakfast 7:30 am-noon Registration

Exhibit Space open during breakfast & General Session breaks

9:45-11:45 am Spouse Paint Party

11:30 am Golf Tournament

11:30 am-Noon Annual Business Session

12

THE MISSISSIPPI BANKER

1:30-2:30 pm Ice Cream Social & Bingo 6:00-9:00 pm President’s Costume Party Featuring dance band ISIS and Costume Contest

New

New

Tuesday, March 11 8:00 am MYB Executive Council Meeting Noon-1:30 pm Crawfish Boil

8:30 am General Session

11:00 am Golf Assignments & Adjournment

Noon-1:30 pm Lunch Buffet

6:00 pm President’s Reception 6:45 pm Annual Banquet

Study Conference & Convention

ott’s Grand Hotel

Point Clear, Alabama

Attendee, Exhibitor & Sponsor Registration www.msbankers.com/mybconvention

New Events!

MYB Convention Speakers

Exhibitor Family Fun Carnival Sunday, March 9 4:30 – 7:00 p.m.

Grand Lawn

This new event, hosted by Convention Exhibitors, will definitely be a family favorite! This event will include lots of carnival-themed games and activities!

Carnival snack food will be provided (in lieu of dinner). The Basketball HORSE Tournament and Free Throw Contest will also take place during the carnival from 5:30-6:30 p.m. Each basketball participant must pay the $35 fee and register on second page of convention registration form. All carnival games and activities will continue during the basketball event.

Dr. Peter Richiutti Economist

Spouse Event - Paint Party Monday, March 10 9:45- 11:45 a.m.

Local business Paint Slingers will lead the spouse group and each guest will take home a piece of art! All painting supplies will be provided. There is no extra cost to attend this event, but space is limited. Due to required set-up for this activity, those interested need to RSVP on first page of convention registration form. This activity is geared towards adults. Child care is available through the hotel Fun Camp (ages 5-12) for an additional charge.

Captain Ken Chapman Salvation Army

Monday Night Costume Party Monday, March 10 6 – 9 p.m.

Grand Ballroom The theme of this year’s party is HOLLYWOOD! Guests are encouraged to dress as their favorite characters, actors or famous people. The party will include a buffet dinner, live music, and costume contest. All ages welcome. A photographer will be available during specified times to take family photos. Costumes are encouraged but not required.

MBA Chairman Odean Busby PriorityOne Bank, Magee

JANUARY/FEBRUARY 2014

13

A Banker in Every Classroom THE MISSISSIPPI BANKER

Mississippi bankers, teachers reach over 10,000 students For MBA’s third ‘A Banker in Every Classroom’ Week Governor Phil Bryant proclaimed November 4-8 ‘A Banker in Every Classroom Week’ in Mississippi and more than 338 Mississippi bankers from 53 banks partnered with teachers in 188 schools for the third annual event. In all, there were almost 450 presentations during the week, reaching over 10,000 Mississippi students.

The successful program provides lessons in personal finance for grades K through 12 students, and gives bankers the opportunity to build relationships with local schools. MBA sponsors the event, which is also supported by the Mississippi Council on Economic Education.

“We are delighted with this year’s registration and participation for A Banker in Every Classroom,” shared MBA Senior Vice President Amy Davis. Created and launched in 2011, the program matches bankers with teachers, who are often looking for com-

munity leaders to visit their classroom and provide helpful and practical information for today’s students, explained Davis.

The MBA provides grade-appropriate

participated in ‘A Banker in Every Classroom’ for all three years. “For bankers to reach over 10,000 students of all ages and teach them the importance of financial education is a remarkable accomplishment,” shares England. “If you have not participated in MBA educational opportunities in your community, I think you will find that not only are you providing students with essential financial knowledge but you also will have a fun time doing it!”

The MBA thanks and congratulates all who helped make the second annual ‘A Banker in Every Classroom Week’ a success.

The 2014 ‘A Banker in Every Classroom’ dates will be announced this spring. For more information about how you and your bank can participate in this exciting program, contact the MBA office at (601) 948-6366.

“For bankers to reach over 10,000 students...and teach them the importance of financial education is a remarkable accomplishment.“ Parker England Planters Bank & Trust classroom materials, to help the bankerteacher teams develop and deliver classroom presentations. In its third year, the program has seen teacher and banker teams that continued from the two previous years.

Parker England, Vice President with Planters Bank & Trust Company, has

Banker: Marcia Mannin King, BankFirst, Macon Teacher: Pam Norris, 11th & 12th grade, Central Academy, Macon

Banker: Brazton Whitehead, Bank of Franklin, Meadville Teacher: Elizabeth White, 3rd grade, Amite County Elementary School

View our photo gallery and bank listing at www.msbankers.com 14

THE MISSISSIPPI BANKER

A Banker in Every Classroom

THE MISSISSIPPI BANKER

Thank you to all banks that participated In ‘A Banker in Every Classroom’ in 2013 2013 Report Card Bankers participating 338 Banks participating 53 Schools participating 188 Total presentations 453 Students reached Over 10,000

BancorpSouth BankFirst Financial Services Bank of Brookhaven Bank of Commerce Bank of Forest Bank of Franklin Bank of Holly Springs Bank of Kilmichael Bank of Morton Bank of Pontotoc Bank of Winona Bank of Yazoo BankPlus BNA Bank Cadence Bank, N.A. Citizens Bank, Byhalia Citizens Bank, Columbia The Citizens Bank, Philadelphia Cleveland State Bank Community Bank Community Trust Bank Concorida Bank & Trust Company Covington County Bank First American National Bank First Bank The First, A National Banking Association First National Bank, Picayune

Banker: Laurie Mohler, Hancock Bank, Pascagoula Teacher: Jane Verrett, 1st grade, Beach Elementary, Pascagoula

FNB Oxford Bank First National Bank, Pontotoc First National Bank of Clarksdale First Security Bank First State Bank, Waynesboro Guaranty Bank & Trust Company Hancock Bank Liberty Bank & Trust Company Magnolia State Bank Mechanics Bank Merchants & Marine Bank Metropolitan Bank Newton County Bank Oxford University Bank The Peoples Bank, Biloxi The Peoples Bank, Ripley Peoples Bank, Mendenhall Peoples Bank & Trust Company Planters Bank & Trust Company PriorityOne Bank Regions Bank Renasant Bank Richton Bank & Trust Company RiverHills Bank State Bank & Trust Company Trustmark National Bank

Banker: Matt McCraw, FNB Oxford Teacher: Ms. Oswalt, 3rd grade, Oxford Elementary School JANUARY/FEBRUARY 2014

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Membership Meeting

THE MISSISSIPPI BANKER

Bankers discuss issues at annual membership meeting; MBA board adopts positions on state legislative proposals On January 14, over 70 bankers representing 36 MBA member banks gathered for the annual January membership meeting to discuss state legislative issues. Bankers in attendance heard reports on a number of legislative proposals and offered their input to the MBA leadership on what positions the association should pursue in the 2014 Regular Session.

MBA Chairman Odean Busby presided over the membership meeting, which was held in the Trustmark Conference Center at the Mississippi Sports Hall of Fame and Museum in Jackson. James Threadgill, chairman of the MBA Legislative Committee, joined Busby and MBA staff in discussing legislative issues.

Among bankers participating in the member-

ship meeting were MBA Vice Chairman Freddie Bagley, MBA Treasurer George Marx, and Harris Collier, chairman of the association’s Bank Attorneys Committee. Mac Deaver, MBA president, and Gordon Fellows, vice president for government relations, discussed details of a number of bank-related proposals expected to come up in the 2014 session.

Commissioner Jerry Wilson of the Mississippi Department of Banking and Consumer Finance addressed the group to lay out his department’s legislative agenda. He was joined

by Deputy Commission Charlotte Corley.

Following the membership meeting, the MBA Board of Directors met at the association offices. The board adopted MBA positions on

a number of bank-related issues. Threadgill and Collier joined the board meeting, as recommendations from the Legislative and Bank Attorneys committees were discussed and considered. In adopting positions, the board also considered input received at the membership meeting.

In the January 14 meetings, Chairman Busby thanked all bankers for participating in the association’s legislative process. He encouraged them to stay informed and take part in the MBA’s contact banker network.

Any banker with questions or comments on state legislation is encouraged to contact Fellows by telephone (601-948-6366) or by email gfellows@msbankers.com.

Key Dates at the State Capitol The 2014 session of the Mississippi Legislature convened on January 7. The selected key deadlines presented here apply to consideration of bank-related legislation.

For more information on the legislative calendar, contact Gordon Fellows, MBA vice president-government relations, gfellows@msbankers.com or (601) 948-6366.

THURSDAY, FEB. 13 Deadline for initial floor action in Senate or House on general bills WEDNESDAY, FEB. 26 Deadline for initial floor action on revenue bills TUESDAY, MAR. 4 Deadline for committee action in second chamber (deadline for House committee action on Senate bills; deadline for Senate committee action on House bills) THURSDAY, MAR. 27 Deadline for House and Senate to vote to concur or not concur on bills originating in the opposite chamber

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THE MISSISSIPPI BANKER

MONDAY, MAR. 31 Deadline for conference reports (proposed compromises between Senate and House positions)to be filed WEDNESDAY, APR. 2 Deadline for initial action on conference reports SUNDAY, APR. 6 Scheduled adjournment of 2014 Regular Session

Officers and Board of Directors 2013-14 CHAIRMAN

VICE CHAIRMAN

TREASURER

Odean Busby Freddie Bagley George Marx

PriorityOne Bank Community Bancshares of Miss.

Copiah Bank, N.A. Magee Brandon Hazlehurst

Preceding Chairman

Retiring Chairman

Greg Taylor Merchants & Farmers Bank Holly Springs

Carl Chaney Hancock Bank Gulfport

At Large

Art Stevens Trustmark Bank Jackson

Group 3

At Large

At Large

Max Yates BankPlus Ridgeland

Mary Childs The Peoples Bank Ripley

Group 1

Group 2

Group 3

Group 4

Hugh Tate BNA Bank New Albany

Johnny Barett FNB Bank Oxford

Randy Randall Planters Bank & Trust Co. Indianola

Bryan Thornhill Bank of Commerce Greenwood

Buddy Mortimer Bank of Kilmichael Kilmichael

Group 5

Group 6

Group 6

Group 7

Group 7

Group 8

Lorann Paige Magnolia State Bank Bay Springs

Robert Gage RiverHills Bank Port Gibson

Brad Jones Bank of Franklin Meadville

Wes Fulmer The Peoples Bank Biloxi

Alan Walters Pat Biglane First Commercial Bank Concordia Bank & Trust Co. Jackson Natchez/Vidalia, La.

Group 5

Bill Freeman Newton County Bank Newton

MBA Staff

Mac Deaver President

Amy Davis Senior Vice President Operations

Gordon Fellows Vice President Government Relations

Lori Richardson Programs Manager

Brooke McCoy Marketing Manager

Gail Sykes Business Manager

Sherell Taylor Manager of Insurance Services

JANUARY/FEBRUARY 2014

17

MBA Education Foundation increases award levels For Swayze, Leadership and Merit scholarships Freddie Bagley, president of the Mississippi Bankers Association Education Foundation, has announced increases in the amounts awarded for three different scholarships given annually by the foundation in conjunction with the Mississippi Young Bankers (MYB) section.

Increases were announced for awards given in the Swayze, Leadership and Merit scholarship programs. Bagley said that the foundation board approved the increases with the intention to make the scholarship amounts more relevant to current education costs.

The Swayze, Leadership and Merit scholarships were each established by Mississippi Young Bankers (MYB) section. Since 2012, the foundation has funded the scholarship awards.

"It is important that we increase these award levels to make them more meaningful to our scholarship recipients," Bagley said, noting that the scholarships are an important element in the Education Foundation's mission to promote financial education in Mississippi.

"Thanks to the continued generosity of Mississippi bankers in supporting our foundation, we were able to do this," Bagley said. He added that it was the hope of the Foundation board that the increased amounts will attract more applicants, increasing the prestige of the scholarships.

The Swayze Scholarship program, which recognizes Mississippi college seniors studying banking at a Mississippi public university, began as the "Junior Bankers Scholarship" in 1964. The scholarship was renamed in 1978 in honor of Mississippi banker and educator Orrin Swayze. Since 1981, this scholarship has recognized five Swayze finalists each March at the MYB Convention. The Swayze Scholar is then chosen from the five finalists.

Beginning this year, the amount awarded to the Swayze Scholar will increase from $2,500 to $5,000. The cash awards to the other four Swayze finalists will increase from $1,000 to $1,500 each.

The Leadership Scholarship was established in 1998 and is given annually to a deserving college junior studying a banking and finance curriculum at a Mississippi public university.

Financial need is one of the award criteria.

This year the Foundation board voted to increase the Leadership Scholarship from $1,000 to $2,000.

Each spring since 1993, the Education 18

Foundation and MYB recognize a deserving Mississippi high school senior whose parent is employed in the state's banking industry with the Merit Scholarship. For the first time since it was established, the amount of the Leadership Scholarship award is being increased, from $1,000 to $1,500.

In addition to these three scholarships, the Foundation awards $1,000 each year to the student or students graduating first in their class at the Mississippi School of Banking.

Bankers serving on the Education Founda-

THE MISSISSIPPI BANKER

tion board, in addition to Chairman Bagley, are George Marx, vice chairman, Hazlehurst; Greg Taylor, Holly Springs; Randy Randall, Indianola; Matt McCraw, Oxford; Michael Schloegel, Gulfport; and Parker England, Greenville. Mac Deaver, MBA president, serves as secretary-treasurer of the foundation.

Information on all Foundation scholarships is available from the MBA office.

Even the most challenging economic times are no match for strength and stability.

Strength and Stability for Over a Century

Underwriters in the Old Republic Title Insurance Group, Inc. are: Old Republic National Title Insurance Company, Mississippi Valley Title Insurance Company and American Guaranty Title Insurance Company.

Mississippi School of Banking honor graduate awards Named in memory of Don Moak Beginning with the 2014 session of the Mississippi School of Banking, the annual honor awards given to the school's top graduates will be known as the "Dr. Donald L. Moak Achievement Awards."

The MBA Education Foundation Board voted to name the annual cash awards in memory of Moak, who was the director of the MBAsponsored school from 1977 through 1993. As holder of the MBA Chair of Banking (now the Frank R. Day/MBA Chair), Moak directed the school and led the undergraduate banking and finance program at Ole Miss. In these roles, he

taught and mentored many students and bankers who went on to become leaders of Mississippi's banking industry.

Prior to his Chair of Banking role, Moak was an officer of both United Southern Bank (then Bank of Clarksdale) and Deposit Guaranty National Bank. While working as a banker, he served as visiting professor of finance at Delta State University. He received his bachelors degree from Mississippi College and his masters and doctorate degrees from Ole Miss. He was a graduate of the Mississippi College School of Law.

"Don had a passion for banker education, and built our Mississippi School of Banking into one of the best," said MBA president Mac Deaver, himself a 1988 MSB graduate. "He cultivated excellence, and it is very appropriate that these awards have been named in his memory."

After retiring from the MBA Chair of Banking, Moak became chairman of the Department of Economics and Finance and professor of banking and finance at the University of South Alabama, and served as educational director of the Alabama Banking School, sponsored by the Alabama Bankers Association. He passed away in 2004.

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.

Our banking professionals are dedicated to finding the best answers for you. And admittedly, we believe that not everything has to be a complicated equation. So we employ the latest data mining techniques to ensure efficiency and overall quality.

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 magazine@msbankers.com or mail them to MBA at P.O. Box 37, Jackson, MS 39205-0037.

CRIcpa.com blog.cricpa.com

282 Commerce Park Drive Ridgeland, MS 39157 (601) 853-7050

JANUARY/FEBRUARY 2014

19

Calling all Mississippi bankers! Register now for the ABA Government Relations Summit, March 24-26 in Washington, DC Mississippi bankers are encouraged to join hundreds of other bankers from across the nation in Washington, D.C., March 24-26, for the American Bankers Association’s Annual Government Relations Summit.

“Linking Principles to Policy” is the theme of 2014 GR Summit, which is sponsored by the ABA and supported by the 50 state bankers associations. Over 1,000 bankers are expected to attend this year’s Summit, which will provide bankers the opportunity to meet with Congressional leaders and federal regulators, gain insights into Washington politics, and express their views on Capitol Hill. The Summit will be headquartered at the Omni Shoreham Hotel in Washington. There is no registration fee to attend.

The Summit begins on the evening of Monday, March 24, and concludes midday on Wednesday, March 26. On Tuesday and Wednesday mornings, attendees have the opportunity to attend “Meet the Regulator” sessions with senior officials of FDIC, OCC and other regulatory agencies.

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Keynote speakers for general sessions include Rep. Eric Cantor (R-Va.), House Majority Leader; Rep. Shelley Moore Capito (R-W.Va.), Chairman of the House Financial

2014 ABA

GOVERNMENT RELATIONS

SUMMIT MARCH 24-26

WASHINGTON, DC

Services Committee, Subcommittee on Financial Institutions and Consumer Credit; Sen. Heidi Heitkamp (D-ND), member of

THE MISSISSIPPI BANKER

the Senate Committee on Banking, Housing & Urban Affairs; Charlie Cook, editor and publisher of The Cook Political Report; and Peggy Noonan, Wall Street Journal columnist, former presidential speechwriter and bestselling author.

On Tuesday afternoon, Mississippi bankers in attendance will go to Capitol Hill for visits with our state’s Senators and Congressmen.

MBA Chairman Odean Busby will lead these visits. A group dinner for Mississippi attendees will be hosted by the MBA; details will be provided to all registrants.

When registering for the Summit with ABA, bankers can request accommodations at the Omni Shoreham Hotel, located at 2500 Calvert St. NW in Washington. The hotel will confirm reservations for all registrants.

To assure accommodations, bankers should register with ABA by February 21.

Bankers may register online at www.aba. com or by calling 1-800-BANKERS. For more information, Mississippi bankers may contact the MBA office at 601-948-6366.

MBA Classified Ads

THE MISSISSIPPI BANKER

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. College education required.

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 adavis@msbankers. com.

IT ASSISTANT: Bank seeks full-time

IT Assistant to work in Northeast Mississippi. Applicants should have continuous work history with minimum of 6 months of recent experience relating to computers, hardware and networking. Successful candidate must be professional, possess good interpersonal skills (relate to customers and coworkers), exhibit sound judgment and understanding of importance of computer systems to the bank and the urgent need to keep them operational. Financial responsibility to be verified. Pay commensurate with qualifications and experience.

Benefits available on first of month following first 60 days of full-time employment.

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

LOAN REVIEW ANALYST

First Nation Bankers Bank is currently seeking individuals to join our team conducting both on-site and off-site loan reviews for our customer banks. These positions will be based in our Ridgeland, MS office and will require frequent travel within our geographic market area. These positions may require some overnight travel, depending upon the location of the customer bank. The ideal candidates should have three or more years of credit, loan review, lending, accounting, or regulatory experience in a banking or similar financial environment. We are seeking team players who are flexible in moving between various loan review assignments

HOW TO CONTACT US REGARDING AN AD:

Contact Amy Davis, MBA, P.O. Box 37, Jackson, MS 39205. (601) 948-6366. adavis@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: No classified ads will be sold to non-members, including MBA Affiliates.

BANKER SEEKS NEW OPPORTUNITY1: Experienced former commu-

as dictated by customer needs. We offer a competitive salary and benefits package. Interested candidates may send their resume to hr@bankers-bank.com.

COMMERCIAL LENDER: A community bank in Rankin County area is seeking a commercial lender with 5 years of commercial lending experience with underwriting skills. Strong community leadership and business development skills are desired. Must be motivated and organized. Must possess PC skills and have knowledge of Microsoft Office, Word and Excel. Salary negotiable based on experience. Candidates may submit confidential resumes to adavis@msbankers.com.

nity bank president seeks position of leadership. Over 10 years of experience as community bank president and over 20 years of commercial lending experience. Contact Amy Davis at the MBA at adavis@msbankers.com for this banker’s resume.

BANKER SEEKS NEW OPPORTUNITY2: Experienced banker seeks

new opportunity to increase non-interest income. Extensive experience in Asset Management, Trust Services and Investment management. Contact adavis@ msbankers.com for this banker’s resume.

126th Annual MBA Convention May 14 -18, 2014

Visit www.msbankers.com to learn more about: Sponsorships Accommodations

Trade Show Convention Schedule JANUARY/FEBRUARY 2014

21

Bankers on the Move

THE MISSISSIPPI BANKER

The Citizens Bank Philadelphia Brandon Sherwood has been named President of the bank’s Gulf Coast Division. He has most recently served as Vice President and Senior Commercial Lending Officer for the bank in Bi- Sherwood loxi. Sherwood earned his bachelor’s degree in Business Administration from Mississippi State University.

Travis B. Moore has been named Regional President. Moore most recently served as Gulf Coast President of the bank and will relocate from his office in Biloxi to the bank’s Hattiesburg Moore location. Moore holds three degrees from Mississippi State University and is a graduate of the Gulf Coast Masters Leadership Program, the DeSoto Leadership Program and the Southeastern Commercial Lending School conducted at Vanderbilt University.

Community Bank Gus Brand has been promoted to loan officer in the Brandon office.

He is a 2013 graduate of Mississippi College with a degree in Accounting.

Brand

Ryan Reeves has joined Community Bank in Forest as a Loan Officer. Reeves, a Scott County native, is a graduate of Mississippi State University with a Bachelor of Science in Business Administration.

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Reeves

Guaranty Bank & Trust Lottie Durst has been named Assistant Vice President in the Hollandale branch. Durst earned her Bachelor of Fine Arts degree from the Mississippi University for Women, and has over 25 years of banking experience.

Durst

Charles Emerson Lovelace has joined the bank as a Relationship Banker in Indianola.

Lovelace is a 1998 graduate of the University of Mississippi, where he earned his Bachelor of Business Administration degree. During the course Lovelace of his career, Lovelace has worked in the mortgage lending, financial futures trading, and real estate sales industries.

Regions Bank

Trustmark Bank Nekedra Huey has been named Branch Officer of the Woodland Hills branch. Huey earned a bachelor’s degree in Accounting from Jackson State University and an MBA from Jackson State Huey University, and has more than six years of experience in the financial industry.

Jessica Kruger has been named Wealth Management Officer. A native of Ridgeland, Kruger earned a Bachelor of Business Administration degree and a Bachelor of Arts degree in Foreign Language Kruger from Mississippi State University. Kruger is active in Mississippi Young Bankers.

Russ Guess has been named Community Banking Vice President for the Mississippi Gulf Coast region. A native of Madison, Guess earned his bachelor’s degree from Mississippi State Univer- Guess sity and his M.B.A. from Millsaps College. He is a veteran of the United States Marine Corps, where he served from 2000-2006.

J. Trent Marchman has been named Corporate Treasury Services Officer. A native of Madison, Marchman earned a Bachelor of Business Administration degree and an MBA from Missis- Marchman sippi College. He serves as a County Chairperson for the Mississippi Young Bankers.

Trustmark Bank

Andy Reeves has been named Senior Vice President in the Commercial Real Estate Division. He has over 16 years of experience in the financial industry. A native of Brandon and current resident of Madison, Reeves earned a Bachelor of Business Administration degree from Reeves Mississippi State University.

He is a graduate of the Mississippi School of Banking and the Graduate School of Banking at Louisiana State University.

Katie Ferrell has been named Vice President.

She is a native of Vicksburg, with over ten years of experience in the financial industry. Ferrell graduated from the University of Southern Mississippi Ferrell with a Bachelor of Science from the College of Health and Human Sciences in 2003, and will complete the Barret School of Banking at Christian Brothers University in Memphis in May of 2014.

THE MISSISSIPPI BANKER

Bankers on the Move

THE MISSISSIPPI BANKER

Trustmark Bank Cathy Scott has been named Branch Officer.

Scott is a native of Brandon, with over 30 years of experience in the financial industry and is the Assistant Branch Manager of the Crossgates branch.

Scott

Audrey Sylvester has been named Vice President.

Sylvester is the Branch Manager of the Battlefield Branch with over 17 years of experience in the financial industry. Sylvester attended Seattle Community Sylvester College and is currently attending the Mississippi School of Banking.

Trustmark Bank Robbie Upchurch has been named an Advisory Board Member in Greenwood. A Greenwood native, Upchurch is the president of Upchurch Plumbing, Inc. He is also a partner in Upchurch Investment Group, Upchurch Rental and Upchurch Services.

Are your bankers on the move?

Upchurch

Dwight Young has been named Assistant Vice President. An Oxford native, Young earned Bachelor of Business Administration degrees in Banking and Finance and in Management Information Systems from Young the University of Mississippi and an MBA from Millsaps College. He is a 2011 graduate of the Mississippi School of Banking.

Send your submissions to magazine@msbankers.com

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JANUARY/FEBRUARY 2014

23

American Bankers Association THE MISSISSIPPI BANKER

A Case Study in Effective Advocacy

By Gov. Frank Keating, American Bankers Association President and CEO Life in the post-Dodd-Frank era has left many a banker feeling helpless. The 2010 law continues to spew new regulations, and the most a bank compliance officer dares hope for is a month or week without a new rule, addendum or guidance. Few, I’m guessing, would imagine that any kind of rule reversal is possible in the current environment.

But what ABA and others learned during one long month this winter is that with effective advocacy, Keating positive change can happen. Regulators are, indeed, willing to change their minds – and their rules – when presented with a compelling case.

The experience I am referring to is the battle over the final Volcker Rule regulation’s treatment of trust preferred securities.

The Volcker Rule may not have been on community banks’ radar screen when the regulations were under development. They were, after all, intended to ban proprietary trading – something that most smaller institutions do not engage in.

But ABA has long been concerned that all banks suffer collateral damage when Washington takes aim at large banks. That concern proved valid in December when final Volcker regulations came out that

P.O. Box 37

would have forced many banks – large and small – to suddenly write down millions in trust preferred securities held in collateralized debt obligations and take severe hits to capital.

Bank investments in TruPS CDOs do not pose a systemic threat and had no business being captured by the Volcker Rule.

But this was just one of many challenges regulators had in putting a vague law into practice.

When the severity of this unintended consequence became clear, ABA and the state associations leaped into action. We alerted regulators to the urgent need for guidance and kept a continuous string of communications flowing about the specific impact this would have not only on the affected banks’ bottom lines but – more importantly – on their ability to lend.

Working together, ABA, state associations and bankers engaged members of Congress, who weighed in with regulators and encouraged them to address our shared concerns.

When it seemed that wasn’t enough to sway the agencies, ABA did the only thing that was left: we sued. This was a radical step, but appropriate for the situation. We estimated that around 300 banks would realize $600 million in capital losses if relief was not provided. Such precipitous write-downs were not only unjustified by any safety and soundness concerns, they would actually create safety and soundness

Jackson, MS 39205-0037

concerns. The calendar was also a factor in the decision to sue. There was little time before serious damage would have been felt by banks, which had to prepare financial statements as of December 31.

Ultimately, the regulatory agencies were persuaded. They announced their intention to fix the problem on December 27, and they issued a new regulation January 14.

The new rule exempted CDOs made up primarily of TruPS issued by community banks and in so doing covered 95 percent of TruPS CDOs by assets.

Though this issue directly affected only a few hundred banks, the significance of this victory is broader. It demonstrates that with the right combination of facts and force, we can successfully defend our industry from irrational, unfair regulation.

Ideally, a lawsuit won’t be needed to create future positive change. It’s far preferable to have banks and regulators engaged in an ongoing, candid dialogue – as occurred in December and January, albeit under duress – about how best to implement laws to the betterment, not detriment, of bank customers and communities.

You can be sure ABA will continue that dialogue and our work to create a better policy environment for banking. © 2014 American Bankers Association.

All rights reserved. Reprinted with permission.

(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.

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THE MISSISSIPPI BANKER

With Operation 411, compliance isn’t a 911.

In the next few years, financial institutions will face mandatory changes to the self-service channel. Diebold is responding now, with Operation 411: 4 compliance requirements, from 1 company with 1 request. With Diebold as a proactive partner, you’ll be efficiently ahead of change to meet everything from Windows® 7 updates to PCI compliance. Operation 411. It’s another example of how Diebold never stops watching the future, as it helps you now.

For the entire story, visit www.diebold.com/411.

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500 steed road • ridgeland, mississippi 39157 • 601.853.7300 • 1.800.844.7301