Experience

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  Neely and Associates, LLC

  • West Point, MS

  • President

    • Sep 2014 - Present
    • West Point, MS

    After retirement from a distinguished career as a bank executive and regulatory official, founded an entity to provide consulting and advisory services to community banks on a variety of strategic and regulatory issues. Target areas include strategic planning, regulatory assistance and training for both boards of directors and bank management. Provides expert witness research, reporting and testimony in banking-related litigation. Also conducts public speaking engagements for various banking trade groups, associations and schools on a variety of topics.

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  First National Bankers Bank

  • Jackson, Mississippi Area

  • President

    • 1998 - Aug 2014
    • Jackson, Mississippi Area

    Initiated efforts to capitalize and charter Mississippi National Bankers Bank, a special purpose depository institution organized to provide operational, lending and investment products and services to regional community banks through cooperative ownership. The bank was chartered in 2000 and opened for business in 2001. In 2011, oversaw the consolidation of the bank with three other bankers bank subsidiaries in Louisiana, Alabama and Arkansas. Sat on the consolidated bank’s Board of Directors and Chaired the Corporate Executive Loan Committee. The consolidated bank maintains and services customer relationships with over 700 community banks throughout the Southeastern United States and is the second largest bankers bank in the country. Established a separate subsidiary of the holding company to provide a variety of financial institution consulting services to community bank customers including strategic planning, regulatory assistance, board level development, capital valuation, and problem bank rehabilitation.

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  Federal Deposit Insurance Corporation

  • Washington D.C. Metro Area

  • Director

    • 1995 - 1998
    • Washington D.C. Metro Area

    Appointed by the President of the United States and confirmed by United States Senate to serve as a member of the Board of Directors of the agency created by Congress to maintain stability and public confidence in the nation’s banking system. Primary responsibility was to establish and set strategic direction to accomplish the corporate mission while acting as fiduciary for the deposit insurance funds. Coordinated the regulatory activities of the agency to promote the safety and soundness of approximately 11,000 insured depository institutions within the U.S. financial system. Oversaw the supervisory and examination functions regarding over 6,000 financial institutions directly supervised by the FDIC. Directed the closure, resolution, and liquidation of failed banks and savings associations to promote and maintain public confidence in the system. Served as Chairman of the Corporate Audit Committee responsible for internal control management and financial reporting. Led the agency’s efforts to reduce regulatory burden by directing a review of the 120 rules and regulations of the Corporation, resulting in the rescission or amendment of over 75% of those industry requirements. Regularly addressed banking groups and associations throughout the country on a variety of contemporary industry or regulatory issues.

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  Mississippi Department of Banking and Consumer Finance

  • Jackson, Mississippi Area

  • Commissioner

    • 1992 - 1995
    • Jackson, Mississippi Area

    Appointed by the Governor of Mississippi to serve as primary regulator and supervisor of all state-chartered banking and thrift institutions. Supervised state-chartered credit unions as well as all consumer finance activities within the state. Worked closely with institutions under supervision and with federal regulatory authorities to promote the continued safety and soundness of the state’s financial institutions industry. Coordinated and directed all supervisory and examination activities, particularly those relating to problem institutions. Considered all applications for mergers, acquisitions, etc. Actively involved with state legislative process to promote positive and effective industry legislation.

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  Merchants National Bank

  • Vicksburg, Mississippi

  • Senior Vice President

    • 1980 - 1992
    • Vicksburg, Mississippi

    Actively involved in commercial lending, branch coordination and administration, and other general managerial functions as a member of Senior Officer Group. Served on Asset/Liability Committee, Investment Committee and Strategic Planning Committee. Actively involved in holding company affairs, including regulatory compliance and the evaluation and implementation of acquisition opportunities. Prior to joining the bank as Vice President, the institution was placed under a formal agreement issued by the Comptroller of the Currency. Assumed the duties of Senior Credit Officer and worked closely with the incoming President to implement a workout program to correct asset portfolio deficiencies. The bank returned to profitability and reported consecutive record earnings annually thereafter.

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  Grenada Sunburst Banking System

  • Grenada, Mississippi

  • Vice President

    • 1977 - 1980
    • Grenada, Mississippi

    After completion of established training program, served as branch auditor for all offices throughout the system. Later promoted to Vice President and Commercial Lender.

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  Hinds Community College

  • Raymond, Mississippi

  • Instructor

    • 1975 - 1977
    • Raymond, Mississippi

    Instructor of Accounting and Economics