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The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, communitybank loan producers were faced with both record-low interest rates and a glut of deposits. Ag lending in the South: Relationships matter. By Ed Avis.
This is particularly true for communitybanks preparing to undergo their next regulatory safety and soundness or compliance examination. Regulators and industry consultants agree that communitybanks are generally doing a great job handling their regulatory oversight and requirements. increased operational risks.
When Gowen first arrived at Merchants & Planters in 1983 to serve as its president and senior lending officer, the bank had two branches and $47 million in assets. Its staff had about 40 people, many of its procedures were manual, and its competition was stiff with about five communitybanks as head-to-head rivals.
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