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Tag Archives: Magnolia State Bank

Magnolia State Bank’s McClellan recognized for forty years in the banking industry

Mike McClellan, Magnolia State Bank’s senior vice president, was recently inducted into the Mississippi Bankers Association Forty Year Club in recognition of his forty years of professional banking achievement in Mississippi. McClellan began his banking career in 1977 as branch manager of the Heidelberg location of Jasper County Bank, now known as Magnolia State Bank. After numerous promotions through the ...

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Hattiesburg banker elected as President of Mississippi Young Bankers

Wes Rouse of Magnolia State Bank in Hattiesburg has been elected to serve as President of Mississippi Young Bankers, a section of the Mississippi Bankers Association. Bob Glover of The Peoples Bank in Ripley was elected Vice-President, and Marc Petro of Community Bank in Ridgeland is Treasurer. MYB conducts programs around the state about personal finance. The section also promotes ...

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New Magnolia State Bank branch adds to excitement of downtown Laurel’s revival

By BECKY GILLETTE LAUREL — Magnolia State Bank (www.bankmagnolia.com) recently held a grand opening of its new branch of the bank in a triangular-shaped, landmark historic building downtown that housed the Laurel Mercantile in the late 1800s. “They are bringing new jobs and excitement to the area, but they aren’t new to downtown,” said Jim Rasberry, Rasberry Financial Services, who ...

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MBJ SHOWCASE — Magnolia State Bank: Small town banking with a focus on the customer

Following the passing of founder Thomas Brown, Magnolia State Bank named Lillous Shoemaker as its President. Lillous grew up in Bay Springs, graduated from the University of Southern Mississippi, got her law degree from Ole Miss, an LLM from New York University, then lived in New York for 2 years before returning to her home town to practice law with ...

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Four from Magnolia State Bank join MBA

Magnolia State Bank has made the following appointments to the Mississippi Bankers Association for 2015-16: Kris Mangum will serve on the MBA Lending Committee. Currently, Mangum is president of Magnolia State Bank in Petal. The Lending Committee is charged with engaging in activities that will benefit the lenders in MBA member banks. Amanda Tuminello will serve on the MBA Human ...

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Bank taps Brown, Mangum

Kris Mangum and Tom Brown have been elected to the board of directors of Magnolia State Bank. Brown joined the mortgage division of Magnolia State Bank in Petal in 2009. As mortgage loan originator, Brown is responsible for all mortgage loan requests in Petal and Laurel. He attended Ole Miss and graduated from Colorado State University where he received a ...

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Magnolia State Bank still growing strong

Prime Mortgage acquisition/Hattiesburg office significant milestones for company   In 1975, a group of Jasper County businessmen established a state-chartered bank to better meet the needs of the residents of the county and Bay Springs. Nearly 35 years later, Magnolia State Bank is thriving, and bears little resemblance to the original financial institution known as Jasper County Bank. Magnolia State ...

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Magnolia hires Olmi

    Magnolia State Bank welcomes Canda Olmi as senior vice president. Olmi will focus on developing relationships with executives and professionals in the Hattiesburg Market. Olmi, along with president and CEO Marcus Robinson, will open a new branch there later this year.   With more than 24 years experience in banking, Olmi was recently associated with The First, A ...

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Robinson makes switch to Magnolia State Bank

BAY SPRINGS — After 30 years of serving as Magnolia State Bank president, CEO and chairman Thomas Brown has named a new president and CEO, Marcus Robinson, formerly with Regions Bank in Hattiesburg. Brown will continue to serve the bank as a full-time chairman of the board and will continue to maintain an office in Bay Springs. “With Marcus on ...

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