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 This material may not be published, broadcast, or rewritten without permission.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

3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

Stock Report

1 DOW 16,908.71
-6.36 (-0.04%)    
2 S&P 1,960.15
-4.53 (-0.23%)    
3 NASDAQ 4,390.30
-5.90 (-0.13%)    
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

In Other News...

Purchase Area Writing Project

MURRAY, Ky. (7/10/14) — Sixteen teachers from western Kentucky participated in the Purchase Area Writing Project at… Read More

Fenton Jetty Receives Maintenance

GOLDEN POND, Ky. (7/10/14) — The jetty next to the boat ramp at Fenton will be closed to foot and vehicle traffic… Read More
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

Most Read This Week (Site-Wide)

July 08, 2014 10580

UPDATE: Arrest Made in Shooting Death of…

in Top Stories by Charles W. Riley II, SurfKY News
July 07, 2014 5737

Madisonville Police Bust Prostitution…

in Top Stories by Major Chris Taylor
July 07, 2014 5053

Parents Arrested for Leaving Minors in Car

in Top Stories by Madisonville Police Department
July 09, 2014 3594

Madisonville Woman Arrested for Alleged…

in Top Stories by Madisonville Police Department
July 07, 2014 2862

MPD Responds to Fight, Drug Arrest Results

in Top Stories by Madisonville Police Department

Most Read Stories from Hopkins County

July 07, 2014 5737

Madisonville Police Bust Prostitution…

in Top Stories by Major Chris Taylor
July 07, 2014 5053

Parents Arrested for Leaving Minors in Car

in Top Stories by Madisonville Police Department
July 09, 2014 3594

Madisonville Woman Arrested for Alleged…

in Top Stories by Madisonville Police Department
July 07, 2014 2862

MPD Responds to Fight, Drug Arrest Results

in Top Stories by Madisonville Police Department
July 09, 2014 2479

Crime Stoppers Top Most Wanted - July 9,…

in Top Stories by Crime Stoppers

Most Read Stories from Owensboro

July 07, 2014 1406

Section of Kentucky 1456/Newbolt Road in…

in News by Keith Todd
July 08, 2014 1399

Nashville Predators are Coming to the…

in News by Brittni Bunn
July 08, 2014 1328

Owensboro Police Department Reports…

in News by Dennis Beard, SurfKY News
July 08, 2014 1265

Owensboro Neighborhood Alliance Meeting…

in News by Abby Shelton
July 07, 2014 629

Owensboro Man Charged with Attempted…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 08, 2014 10580

UPDATE: Arrest Made in Shooting Death of…

in Top Stories by Charles W. Riley II, SurfKY News
July 07, 2014 2697

Life of Muhlenberg Son Hank Becker to be…

in Top Stories by Paul McRee, SurfKY News
July 08, 2014 2353

Two Vehicle Collision with Injuries

in Top Stories by Charles W. Riley II, SurfKY News
July 08, 2014 2000

Graham Man Arrested on Several Charges

in Top Stories by Sheriff Curtis McGehee
July 07, 2014 1636

Business Spotlight - Red Door Trading…

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