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

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 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 This material may not be published, broadcast, or rewritten without permission.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 on social media.

In Other News...

Muhlenberg County Head Start Preschool Program Accepting Applications

CENTRAL CITY, Ky. (7/29/15) — The Muhlenberg County Head Start Preschool program is now accepting applications for… Read More

Traffic Stop Results in Multiple Charges

HENDERSON, Ky. (7/29/15) — According to a Henderson Police Department report, HPD made a traffic stop at 12:10 p.m., on… Read More

Most Read This Week

July 27, 2015 5339

Death of Central City Man in Dawson Springs Under…

by SurfKY News
July 27, 2015 3681

School System Announces Free Lunch/Breakfast at…

by SurfKY News
July 28, 2015 2194

Hanson, Owensboro, Bowling Green Youths Win at…

by Tammy Holloway, SurfKY News
July 29, 2015 2094

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 27, 2015 2072

Family Needs Help in Paying 18-Year-Old's Funeral…

by SurfKY News

Most Read This Month

July 02, 2015 19585

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News
July 17, 2015 15791

Muhlenberg Most Wanted - Top 10

by SurfKY News

Stories Trending Now

July 29, 2015 2094

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 28, 2015 1961

Heavy Rains, Two Wrecks Impede WKP Travel

by Doreen Dennis, SurfKY News
July 29, 2015 1710

Crime Stoppers Top Most Wanted - July 29, 2015

by SurfKY News
July 29, 2015 1208

PPD Warns Public: Beware of Facebook Scam

by SurfKY News
July 29, 2015 983

24th Annual Miss Teen Hopkins County Fair Pageant…

by Tammy Holloway, SurfKY News
July 29, 2015 966

Madisonville Police Arrest Reports Released -…

by SurfKY News
July 29, 2015 918

Local Teen Cited on Charges for Alleged…

by SurfKY News
July 29, 2015 676

Yeti Spotted at Hanson Pharmacy

by SurfKY News
July 29, 2015 670

Crime Stoppers Fugitive of the Week – July 29,…

by SurfKY News
July 29, 2015 646

Muhlenberg County Head Start Preschool Program…

by Charles W. Riley II, SurfKY News