JD Bancshares and JD Bank Announce Leadership Succession
JD Bancshares, Inc. (OTCQX:JDVB) announced key leadership changes effective October 1, 2024. Paul E. Brummett, II will become President of the Company and CEO of JD Bank, succeeding Bruce W. Elder. James A. "Jimmy" LeBlanc has been promoted to President/Chief Banking Officer of JD Bank, while Jared Doucet will assume the role of CFO for both the Company and JD Bank.
These appointments align with the Board's succession plans. Brummett brings 32 years of community banking experience, all with JD Bank. LeBlanc has 34 years in banking, focusing on commercial lending. Doucet, a CPA, has 23 years of accounting and investments experience.
JD Bank, founded in 1947, operates 22 full-service branches and two loan and deposit production offices across south Louisiana, offering personal and commercial banking services.
JD Bancshares, Inc. (OTCQX:JDVB) ha annunciato cambiamenti chiave nella leadership con effetto dal 1 ottobre 2024. Paul E. Brummett, II diventerà il Presidente della Società e CEO di JD Bank, succedendo a Bruce W. Elder. James A. "Jimmy" LeBlanc è stato promosso a Presidente/Chief Banking Officer di JD Bank, mentre Jared Doucet assumerà il ruolo di CFO sia per la Società che per JD Bank.
Questi incarichi sono in linea con i piani di successione del Consiglio. Brummett porta con sé 32 anni di esperienza nel settore bancario comunitario, tutti con JD Bank. LeBlanc ha 34 anni di esperienza bancaria, focalizzandosi sul prestito commerciale. Doucet, un CPA, vanta 23 anni di esperienza in contabilità e investimenti.
JD Bank, fondata nel 1947, gestisce 22 filiali a servizio completo e due uffici per la produzione di prestiti e depositi nel sud della Louisiana, offrendo servizi bancari personali e commerciali.
JD Bancshares, Inc. (OTCQX:JDVB) anunció cambios clave en el liderazgo que entrarán en vigor el 1 de octubre de 2024. Paul E. Brummett, II se convertirá en Presidente de la Compañía y CEO de JD Bank, sucediendo a Bruce W. Elder. James A. "Jimmy" LeBlanc ha sido promovido a Presidente/Chief Banking Officer de JD Bank, mientras que Jared Doucet asumirá el papel de CFO tanto para la Compañía como para JD Bank.
Estos nombramientos están en línea con los planes de sucesión de la Junta. Brummett aporta 32 años de experiencia en banca comunitaria, todos con JD Bank. LeBlanc tiene 34 años en banca, enfocándose en préstamos comerciales. Doucet, un CPA, tiene 23 años de experiencia en contabilidad e inversiones.
JD Bank, fundado en 1947, opera 22 sucursales de servicio completo y dos oficinas de producción de préstamos y depósitos en el sur de Louisiana, ofreciendo servicios bancarios personales y comerciales.
JD Bancshares, Inc. (OTCQX:JDVB)는 2024년 10월 1일부터 적용되는 주요 리더십 변화를 발표했습니다. Paul E. Brummett, II가 회사의 사장 및 JD Bank의 CEO로 임명되며, Bruce W. Elder를 성공적으로 이어받습니다. James A. "Jimmy" LeBlanc는 JD Bank의 사장/최고 은행 책임자로 승진하였으며, Jared Doucet는 회사와 JD Bank의 CFO 역할을 맡게 됩니다.
이 임명은 이사회의 승계 계획과 일치합니다. Brummett는 JD Bank에서의 32년 간의 지역 사회 은행 경험을 가지고 있습니다. LeBlanc는 상업 대출에 중점을 둔 34년의 은행 경험을 가지고 있습니다. Doucet는 CPA로서 회계 및 투자 분야에서 23년의 경험을 보유하고 있습니다.
1947년에 설립된 JD Bank는 루이지애나 남부에 22개의 전 서비스 지점과 두 개의 대출 및 예치금 생산 사무소를 운영하며, 개인 및 상업 은행 서비스를 제공합니다.
JD Bancshares, Inc. (OTCQX:JDVB) a annoncé des changements clés au sein de sa direction, effectifs à partir du 1er octobre 2024. Paul E. Brummett, II deviendra Président de l'Entreprise et CEO de JD Bank, succédant à Bruce W. Elder. James A. "Jimmy" LeBlanc a été promu Président/Directeur des opérations bancaires de JD Bank, tandis que Jared Doucet assumera le rôle de CFO pour l'Entreprise et JD Bank.
Ces nominations s'inscrivent dans le cadre des plans de succession du Conseil. Brummett apporte 32 ans d'expérience dans la banque communautaire, tous avec JD Bank. LeBlanc a 34 ans d'expérience dans le secteur bancaire, en mettant l'accent sur les prêts commerciaux. Doucet, un CPA, possède 23 ans d'expérience en comptabilité et en investissements.
JD Bank, fondée en 1947, opère 22 agences de services complets et deux bureaux de production de prêts et de dépôts dans le sud de la Louisiane, offrant des services bancaires personnels et commerciaux.
JD Bancshares, Inc. (OTCQX:JDVB) hat wichtige Führungswechsel bekanntgegeben, die am 1. Oktober 2024 in Kraft treten. Paul E. Brummett, II wird Präsident des Unternehmens und CEO von JD Bank und tritt die Nachfolge von Bruce W. Elder an. James A. "Jimmy" LeBlanc wurde zum Präsidenten/Chief Banking Officer von JD Bank befördert, während Jared Doucet die Rolle des CFO sowohl für das Unternehmen als auch für JD Bank übernehmen wird.
Diese Ernennungen entsprechen den Nachfolgeplänen des Vorstands. Brummett bringt 32 Jahre Erfahrung im Community Banking mit, alle bei JD Bank. LeBlanc hat 34 Jahre Erfahrung im Bankwesen mit dem Fokus auf Commercial Lending. Doucet, ein CPA, hat 23 Jahre Erfahrung in Buchhaltung und Investitionen.
JD Bank, gegründet 1947, betreibt 22 Full-Service-Filialen und zwei Büros für Kredit und Einlagenproduktion im Süden Louisianas und bietet persönliche und kommerzielle Bankdienstleistungen an.
- Orderly leadership succession plan implemented, ensuring continuity
- New leadership team has extensive experience within JD Bank and the community banking sector
- Promotion of internal candidates demonstrates strong talent development
- Broad geographical presence with 22 full-service branches and 2 loan/deposit production offices
- None.
JENNINGS, LA / ACCESSWIRE / September 10, 2024 / The Board of Directors of JD Bancshares, Inc. (OTCQX:JDVB) (the "Company") announced today that Paul E. Brummett, II has been appointed President of the Company, and Chief Executive Officer of JD Bank, the Company's banking subsidiary, effective October 1, 2024. Mr. Brummett will also join the Boards of Directors of the Company and JD Bank as of the same date. Mr. Brummett will succeed Bruce W. Elder, who has led the Company and JD Bank since 2019. Mr. Elder will remain with the Company and JD Bank in an advisory capacity through the end of the year to assist with the management succession.
In addition to Mr. Brummett's appointment, JD Bank has promoted Chief Banking Officer James A. "Jimmy" LeBlanc to the office of President/Chief Banking Officer. Controller and Investment Officer Jared Doucet has been promoted to Chief Financial Officer of the Company and JD Bank. Each of these appointments was made in a manner consistent with management succession plans previously adopted by the Board of Directors.
"The orderly succession of our leadership team is a critical responsibility of our Board of Directors," said Dan L. Donald, Jr., Chairman of the Board. "We have sought over time to develop a deep bench of key management positions to ensure continuity for the Company and JD Bank into the future. With his vast community banking experience, and lengthy tenure as a member of the JD Bank senior management team, Paul will oversee the strategic direction of the Bank as Chief Executive Officer, and Jimmy will continue to direct the Bank's day-to-day retail and commercial banking operations as President. We are also fortunate to have someone with Jared's finance and accounting background to step into the role of Chief Financial Officer.
Mr. Brummett has been in community banking for more than 32 years, all of which being with JD Bank, where he has served in a variety of executive officer capacities. He has more than 20 years of experience as Chief Financial Officer, led the Bank's branch operations for approximately 6 years and served for approximately 4 years as a credit analyst. A life-long resident of Southwest Louisiana, Mr. Brummett earned a Bachelor of Accounting and a Bachelor of Business Management, Marketing and Related Support from McNeese State University. He has also served for 20 years on the Board of Trustees for the Fred B. & Ruth B. Zigler Foundation, a non-profit organization based in Jennings, Louisiana which provides needs-based educational scholarships to area students.
Mr. LeBlanc has 34 years of banking experience, with a focus on commercial lending in the Bank's markets. He began his banking career with American Security Bank in Ville Platte, Louisiana, before joining Guaranty Bank where he served on the Board of Directors and oversaw its Ville Platte operations. Mr. LeBlanc joined JD Bank upon its acquisition of Guaranty Bank in 2012, where he continued his career as Senior Vice President and Regional Manager for the Bank's Northeast Market. Mr. LeBlanc was promoted to Chief Commercial Banking Officer in 2021, before becoming Chief Banking Officer in May 2024, a role that he will maintain as President of the Bank. In his capacity as President, Mr. LeBlanc will be responsible for all commercial and retail aspects of the bank. Mr. LeBlanc is a 1985 graduate of Louisiana State University, where he earned his Bachelor of Arts degree, and a 1997 graduate of the LSU Graduate School of Banking. He is actively engaged in his community as a member of the Ville Platte Rotary Club, where he has served as past president and is a Paul Harris Fellow; the Evangeline Parish Chamber of Commerce; and the Sacred Heart Foundation.
Mr. Doucet has 23 years of accounting and investments experience, approximately 14 of which have been with community banks. He has served as JD Bank's Controller and Investment Officer for approximately 9 years. Mr. Doucet is a certified public accountant and holds a Bachelor of Accounting and Master of Business Administration from the University of Louisiana at Lafayette.
"I have spent most of my professional career working for community banks and the opportunity to lead the team at JD Bank, together with Jimmy is exciting," said Paul E. Brummett, II. "We look forward to helping Louisiana's Community Bank to grow profitably and efficiently building upon Bruce's work while continuing to honor the community bank values upon which JD Bank was founded." Jimmy LeBlanc added, "We appreciate the trust that the Board of Directors has placed in us. We have a proven track record of working together as a team and in alignment with the Board's vision for the bank's future."
About JD Bancshares, Inc.
JD Bancshares, Inc. is the bank holding company of JD Bank, a Louisiana state-chartered bank headquartered in Jennings, Louisiana. JD Bank has been serving the citizens of south Louisiana since 1947 and offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The Bank also offers both trust and investment services. JD Bank operates through 22 full-service branch offices and two loan and deposit production offices located along the I-10 and I-12 corridors from Lake Charles to Mandeville, Louisiana. Additional information is available on its website at jdbank.com.
JD Bancshares, Inc. (OTCQX: JDVB) trades on the OTCQX Best Market. Companies on the OTCQX Best Market meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosure and real-time level 2 quotes for the Company on otcmarkets.com.
Contact:
Dan Donald (Chairman) 337-246-5410
Paul Brummett (CFO) 337-246-5395
Website: www.jdbank.com
SOURCE: JD Bancshares, Inc.
View the original press release on accesswire.com
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