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 This material may not be published, broadcast, or rewritten without permission.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...

Decision Tabled on Redrawing School District Boundaries

POWDERLY, Ky. (7/30/14) — Muhlenberg County School Board tabled action on new district school board boundaries during… Read More

Henderson Man Arrested for Assault First Degree

HENDERSON, Ky. (7/29/14) — On July 28, 2014, an emergency call was placed to 911 from Woodland Drive stating that an… Read More

Most Read This Week (Site-Wide)

July 28, 2014 3292

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2876

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 30, 2014 2872

UPDATE: Waide Responds to Allegations of…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 30, 2014 2487

Three Arrested in Muhlenberg as Part of…

in Top Stories by GPD Officer Wes Miller
July 28, 2014 2430

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department

Most Read Stories from Hopkins County

July 28, 2014 3292

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2876

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 28, 2014 2430

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 28, 2014 1674

Two Injured in Vehicle Collision on…

in Top Stories by William Roundtree
July 28, 2014 1664

Madisonville Man Arrested for Assault,…

in Top Stories by Madisonville Police Department

Most Read Stories from Owensboro

July 28, 2014 1034

Zuberer Takes Over at Quarterback for…

in News by Steve LeMaster
July 28, 2014 920

Dont Miss Out on a Howl of a Good Time

in News by Brittni Bunn
July 28, 2014 795

Instant Admissions Day is Aug. 1, 2014

in News by Bernie Hale
July 29, 2014 634

Happenings and Meetings - Daviess County

in News by Owensboro-Daviess County Convention & Visitors Bureau
July 28, 2014 424

Prosecutors Mull Over Whether to Charge…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 30, 2014 2487

Three Arrested in Muhlenberg as Part of…

in Top Stories by GPD Officer Wes Miller
July 30, 2014 1900

UPDATE: Muhlenberg Man, Woman Arrested in…

in Top Stories by Sheriff Curtis McGehee
July 28, 2014 1311

Foot Pursuit Ends with Arrest

in Top Stories by Christopher Rogers
July 28, 2014 1214

Boys of Broad to Launch Video at Cinema 4

in Top Stories by Paul McRee, SurfKY News
July 29, 2014 1203

Muhlenberg District Court Fines Handed…

in Top Stories by Charles W. Riley II, 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 06social 21social 22social 04social 03