Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | 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 This material may not be published, broadcast, or rewritten without permission.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.

In Other News...

Henderson Sheriff's Matthew Brooks Among DOCJT Grads

RICHMOND, Ky. (8/29/14) — Law enforcement officers from 14 agencies across the state graduated today from basic… Read More

KSP Promotes Highway Safety

HENDERSON, Ky. (8/29/14) — The Kentucky State Police Commercial Vehicle Enforcement Division is encouraging safety on… Read More

Most Read This Week (Site-Wide)

August 25, 2014 5710

Flooded Central City Church's Seven Day…

in Top Stories by Paul McRee, SurfKY News
August 29, 2014 5247

Luke's Flea Market Vendors' Home Away…

in News by Charles W. Riley II, SurfKY News
August 25, 2014 5044

Camper Stolen in Utica Recovered in…

in Top Stories by Martha Clark
August 25, 2014 4580

44th Mount Saint Joseph Picnic is Sunday,…

in News by Jennifer Kaminski
August 25, 2014 4567

14-Year-Old Suffers Gunshot Wound; Air…

in Top Stories by Ami Clayton, SurfKY News

Most Read Stories from Hopkins County

August 25, 2014 4567

14-Year-Old Suffers Gunshot Wound; Air…

in Top Stories by Ami Clayton, SurfKY News
August 25, 2014 2626

Two Injured in Two-Vehicle Collision Near…

in Top Stories by Trooper Stu Recke
August 25, 2014 2545

Former Co-Workers Trying to Raise Money…

in Top Stories by Rita Dukes Smith, SurfKY News Director
August 26, 2014 2077

Two People Injured When Vehicle Overturns…

in Top Stories by Matt Sanderson
August 27, 2014 1484

Crime Stoppers Top Most Wanted - August…

in Top Stories by Crime Stoppers

Most Read Stories from Owensboro

August 25, 2014 4580

44th Mount Saint Joseph Picnic is Sunday,…

in News by Jennifer Kaminski
August 25, 2014 4480

Daviess County Health Department…

in News by Dennis Beard, SurfKY News
August 25, 2014 4411

GRADD Seeking Ombudsman Program Volunteers

in News by Woody Maglinger
August 26, 2014 4229

Owensboro Board of Commissioners…

in News by Beth Cecil
August 26, 2014 3619

City Street Closures on Strawbridge and…

in News by Abby Shelton

Most Read Stories from Muhlenberg County

August 25, 2014 5710

Flooded Central City Church's Seven Day…

in Top Stories by Paul McRee, SurfKY News
August 25, 2014 5044

Camper Stolen in Utica Recovered in…

in Top Stories by Martha Clark
August 25, 2014 4343

Job Corp Celebrates 50th Anniversary

in Top Stories by Charles W. Riley II, SurfKY News
August 25, 2014 4229

Mustangs Marching Classic

in Top Stories by Charles W. Riley II, SurfKY News
August 26, 2014 3935

Family Has Close Call with Tornado

in Top Stories by Paul McRee, SurfKY News

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