Phillips promoted at Merchants and Farmers Bank
Courtesy of Merchants and Farmers Bank
Ken Hughes, President/CEO of Merchants & Farmers Bank is proud to announce Melissa Phillips has been promoted to New Accounts/IRA Supervisor at the Main Office, headquartered at 501 South 5th Street in Leesville.
“Melissa has been an excellent New Accounts expert at several of our banking locations. She will do a wonderful job heading up our New Accounts/IRA Department,” states Hughes.
Her responsibilities will include ensuring effective management of the operation of new accounts at all branches, making sure established policies and procedures are followed, to include employee training of new accounts, promote all banking products, open/close/update IRA accounts, process successions, handle Estate accounts, process accidental death insurance claims for families of deceased Blue Ribbon members, and open/close Safe Deposit Boxes and CDs.
Hilton has been promoted at Merchant and Farmers Bank
Leesville Daily Leader
LEESVILLE, LA Ken Hughes, President/CEO of Merchants & Farmers Bank is pleased to announce Jeanette Hilton has been promoted to Mortgage Lender for the Vernon Parish area market.
Hilton has been with Merchants & Farmers for eight years as a mortgage processor assisting lenders in the loan application process, loan documentation, loan closing procedures, including the follow up and maintenance of closed loans.
Her new responsibilities will include reviewing loan applications for homes, land purchases and refinancing, handling rural development and Federal Housing Administration loans, preparation/processing of residential loans, ordering flood certificates/credit reports, and coordinating loan closings.
Merchants & Farmers Bank of Dumas intends to expand its Saline County presence with a Benton branch at 300 N. Main St. The plan is to remodel the former gas station property into a 2,400-SF branch.
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First State Capital Corporation (âFSCCâ), parent of First State Bank (âFSBâ), and M&F Bancorp, Inc. (âMFBâ), parent of Merchants & Farmers Bank (âM&Fâ), jointly announced the execution of a definitive agreement under which FSCC will merge with MFB and M&F through an all-stock merger with FSCC and M&F as the surviving entities.
The merger will form a combined community banking franchise that has assets of approximately $230 million, deposits of $205 million, and loans of $120 million and will provide enhanced products and services through 7 banking locations covering 2 Mississippi counties. Currently, First State Bank operates 3 offices in Holly Springs and Mt. Pleasant, Mississippi while Merchants & Famers operates 4 offices in Holly Springs, Ashland, Hickory Flat, and Byhalia, Mississippi.Â