JD Bancshares, Inc. and JD Bank Announce Resignation of Bruce W. Elder as President and CEO
JD Bancshares, Inc. (OTCQX:JDVB) and JD Bank announced the resignation of Bruce W. Elder as President and CEO, effective September 30, 2024. Elder, who has led the company since November 19, 2019, is stepping down for personal family reasons. He will remain in his role through September to ensure a smooth transition and will also resign from his position as a director.
The company will follow its Board-approved succession plan to determine Elder's replacement. JD Bank, headquartered in Jennings, Louisiana, has been serving south Louisiana since 1947. It operates through 22 full-service branch offices and two loan and deposit production offices, offering personal and commercial banking services, as well as trust and investment services.
JD Bancshares, Inc. (OTCQX:JDVB) e JD Bank hanno annunciato le dimissioni di Bruce W. Elder come Presidente e CEO, con effetto dal 30 settembre 2024. Elder, che guida l'azienda dal 19 novembre 2019, si dimette per motivi familiari personali. Rimarrà in carica fino a settembre per garantire una transizione fluida e si dimetterà anche dal suo ruolo di direttore.
L'azienda seguirà il piano di successione approvato dal Consiglio di Amministrazione per determinare il successore di Elder. JD Bank, con sede a Jennings, Louisiana, serve il sud della Louisiana dal 1947. Opera attraverso 22 filiali a servizio completo e due uffici per la produzione di prestiti e depositi, offrendo servizi bancari personali e commerciali, oltre a servizi fiduciari e di investimento.
JD Bancshares, Inc. (OTCQX:JDVB) y JD Bank anunciaron la renuncia de Bruce W. Elder como Presidente y CEO, con efecto a partir del 30 de septiembre de 2024. Elder, que ha dirigido la empresa desde el 19 de noviembre de 2019, deja su puesto por razones familiares personales. Permanecerá en su cargo hasta septiembre para garantizar una transición suave y también renunciará a su puesto como director.
La empresa seguirá su plan de sucesión aprobado por la Junta para determinar el reemplazo de Elder. JD Bank, con sede en Jennings, Luisiana, ha estado sirviendo al sur de Luisiana desde 1947. Opera a través de 22 oficinas de sucursales de servicio completo y dos oficinas de producción de préstamos y depósitos, ofreciendo servicios bancarios personales y comerciales, así como servicios fiduciarios y de inversión.
JD Bancshares, Inc. (OTCQX:JDVB)와 JD Bank는 브루스 W. 엘더가 사장 겸 CEO로 사임했다는 사실을 발표했습니다. 이는 2024년 9월 30일부로 시행됩니다. 엘더는 2019년 11월 19일부터 회사를 이끌어왔으며, 개인적인 가족 사유로 사임합니다. 그는 원활한 인수인계를 위해 9월까지 현재직을 유지할 것이며, 이사직에서도 사임할 예정입니다.
회사는 엘더의 후임자를 결정하기 위해 이사회에서 승인된 승계 계획을 따를 것입니다. JD Bank는 루이지애나주 젠닝스에 본사를 두고 있으며, 1947년부터 남부 루이지애나에서 서비스를 제공하고 있습니다. 22개의 종합 서비스 지점과 2개의 대출 및 예금 생산 사무소를 통해 개인 및 상업 은행 서비스, 신탁 및 투자 서비스 등을 제공합니다.
JD Bancshares, Inc. (OTCQX:JDVB) et JD Bank ont annoncé la démission de Bruce W. Elder en tant que Président et CEO, effective le 30 septembre 2024. Elder, qui dirige l'entreprise depuis le 19 novembre 2019, se retire pour des raisons familiales personnelles. Il restera en poste jusqu'en septembre pour garantir une transition en douceur et il démissionnera également de son poste de directeur.
L'entreprise suivra son plan de succession approuvé par le Conseil pour déterminer le remplaçant d'Elder. JD Bank, basé à Jennings, en Louisiane, sert le sud de la Louisiane depuis 1947. Elle fonctionne à travers 22 agences de services complets et deux bureaux de production de prêts et de dépôts, offrant des services bancaires personnels et commerciaux, ainsi que des services de fiducie et d'investissement.
JD Bancshares, Inc. (OTCQX:JDVB) und JD Bank haben den Rücktritt von Bruce W. Elder als Präsident und CEO bekannt gegeben, der am 30. September 2024 wirksam wird. Elder, der das Unternehmen seit dem 19. November 2019 leitet, tritt aus persönlichen familiären Gründen zurück. Er wird bis September in seiner Position bleiben, um einen reibungslosen Übergang zu gewährleisten, und wird auch von seiner Position als Direktor zurücktreten.
Das Unternehmen wird seinen vom Vorstand genehmigten Nachfolgeplan befolgen, um Elders Nachfolger zu bestimmen. JD Bank, mit Sitz in Jennings, Louisiana, bedient seit 1947 den Süden von Louisiana. Es operiert durch 22 vollumfängliche Filialen und zwei Büros für die Kredit- und Einzahlungsproduktion und bietet persönliche und kommerzielle Bankdienstleistungen sowie Treuhand- und Investmentdienstleistungen an.
- Orderly transition planned with Elder remaining until September 30, 2024
- Company has a Board-approved succession plan in place
- JD Bank operates through 22 full-service branches and 2 loan/deposit production offices
- Unexpected departure of President and CEO
- Potential disruption in leadership continuity
- Loss of Elder's experience and relationships in the south Louisiana market
JENNINGS, LA / ACCESSWIRE / August 20, 2024 / The Board of Directors of JD Bancshares, Inc. (OTCQX:JDVB), the parent holding company of JD Bank (collectively the "Company"), announced today that Bruce W. Elder has submitted his resignation as the President and Chief Executive Officer effective September 30, 2024. Mr. Elder has led the Company since November 19, 2019, and is resigning for personal family reasons and not as a result of any disagreements with the Board of Directors or the Company. Mr. Elder will remain in his role as President and Chief Executive Officer through the end of September to ensure an orderly transition to the next leader. In connection with his resignation as President and Chief Executive Officer, Mr. Elder will also step down from his service as a director.
Mr. Elder stated "I have enjoyed my time here at the Company and will cherish the friends and relationships I have formed here in south Louisiana. When accepting this position back in 2019, I did not consider the age of my parents living on the east coast and the need for me to be closer to them. Leading this talented management team has been a rewarding experience, and I am confident that our accomplishments will form a strong foundation for the future." Chairman Donald stated, "We truly appreciate Bruce's service to JD Bank and JD Bancshares, Inc. and wish him success in his future endeavors."
The Company will follow its Board-approved succession plan to determine Mr. Elder's replacement.
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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