Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster

Hancock Bank, 'We Grew Too Fast'

FDIC 300MADISONVILLE. Ky. (11/6/13) — Hancock Bank has entered into a Consent Order with the Federal Deposit Insurance Corporation after federal regulators found problems with some commercial loan accounts at Hancock Bank and Trust Company.

Hancock Bank president, Steve Cox, told SurfKY News that senior management and the board of directors were in agreement with the findings of the regulators; and, “we pledged to make the necessary changes to improve the situation. For example, we made changes to our internal controls as a result of the recommendations from the examiners,” Cox said. “There was no monetary fine, and there is no effect on our customers. And, we will only be a better bank as we go forward.”

Cox doesn’t expect any further action on the issue.

“The concerns federal regulators found with commercial lending process at Hancock Bank have been addressed and all recommended changes have been made,” he said.

To see the 17 page order, click here.

 

Ron Sanders
SurfKY News Group

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

3/13 - 16

Stock Report

1 DOW 17,131.97
+100.83 (0.59%)    
2 S&P 1,998.98
+14.85 (0.75%)    
3 NASDAQ 4,552.76
+33.86 (0.75%)    
3/13 - 16
3/13 - 16

In Other News...

Following a Dream One Click at a Time

HOPKINSVILLE, Ky. (9/16/14) — What started out accidental, led photographer Shelby Waltz into something she never… Read More

Three Injured in Single-Car Collision

DUNMOR, Ky. (9/14/14) ― Three people were injured after a single-vehicle collision occurred on U.S. 431 three miles… Read More
3/13 - 16

Most Read This Week (Site-Wide)

September 12, 2014 17540

Woman's Body Found in Theater Day After…

in Top Stories by Rita Dukes Smith, SurfKY News Director
September 13, 2014 3678

MPD Responds to a Disturbance at Baptist…

in Top Stories by Madisonville Police Department
September 15, 2014 3436

Man Accused of Stalking Woman During Her…

in Top Stories by GPD PIO Wes Miller
September 15, 2014 3273

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 12, 2014 2087

Paradise Residents Plan First Reunion…

in Top Stories by Paul McRee, SurfKY News

Most Read Stories from Hopkins County

September 13, 2014 3678

MPD Responds to a Disturbance at Baptist…

in Top Stories by Madisonville Police Department
September 12, 2014 1945

Madisonville Man Arrested for Disturbing…

in Top Stories by Madisonville Police Department
September 15, 2014 1831

Man Arrested for DUI, Carrying Concealed…

in Top Stories by Madisonville Police Department
September 15, 2014 1789

Man Arrested for Being Under Influence of…

in Top Stories by Madisonville Police Department
September 12, 2014 1661

Earlington Woman Jailed for Trying to…

in Top Stories by MPD Officer Matt Sanderson

Most Read Stories from Owensboro

September 12, 2014 1380

Ursuline Presentation 'Spirituality of…

in News by Jennifer Kaminski
September 13, 2014 1117

The Gift of Aging Oct. 16

in News by Jennifer Kaminski
September 13, 2014 1089

Audubon Bon Harbor Area Alliance to Host…

in News by Abby Shelton
September 13, 2014 1070

Dogwood Azalea Neighborhood Alliance to…

in News by Abby Shelton
September 12, 2014 1069

Owensboro Police Investigate Accidents

in News by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

September 15, 2014 3436

Man Accused of Stalking Woman During Her…

in Top Stories by GPD PIO Wes Miller
September 15, 2014 3273

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 12, 2014 2087

Paradise Residents Plan First Reunion…

in Top Stories by Paul McRee, SurfKY News
September 12, 2014 1450

Chamber Program Speaker Re-enforces…

in Top Stories by Charles W. Riley II, SurfKY News
September 14, 2014 1417

Three Injured in Single-Car Collision

in Top Stories by Robert LIttlepage

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 03social 04social 22social 21social 06