Tuesday, February 18, 2014

BARNES ANNOUNCES NEW BRANCH OPENINGS


PriorityOne Bank’s CEO, Robbie Barnes made the announcement earlier this week regarding some exciting plans for PriorityOne Bank in 2014.  In 2009, a lot was purchased at the intersection of Hwy.98 and Hwy.589 in Hattiesburg with the intention of constructing a branch on this site at some time in the future. In addition, property was also purchased in 2013 on the Hwy.49 frontage road in Collins next to the new Civic Center with the intention of constructing a branch on that site.   In PriorityOne Bank’s January Board meeting, the Board of Directors unanimously approved both projects and PriorityOne Bank is in the process of finalizing contracts and requesting regulatory approval to get the construction of these branches started.  It is expected that these branches will be completed sometime in the 4th quarter of this year and these offices will be open before the end of 2014.

In addition, for several years there has been discussion concerning PriorityOne Bank making a move into the Madison County market with a branch location. In regards to this, Barnes announced, “I am pleased to say that we have filed an application to open a branch in the Township at Colony Park on the Parkway in Ridgeland.  It is anticipated that this location will be open in the second quarter of 2014.  I am also pleased to report that we have hired Eddie Woodard to manage this office as our Madison County President.”  Woodard was employed with M & F Bank for the past 8 years and comes to us from Renasant Bank in Madison where he worked as a Commercial Lender.  Barnes said, “Eddie brings to us a wealth of knowledge and experience in the Madison market.”

This expansion will enhance PriorityOne’s ability to serve its customers by providing more locations for them to do business with the bank.  PriorityOne has partnered with Level 5 to design build the two branches that we will construct in Hattiesburg and Collins, which will be non-traditional branches without traditional teller stations and/or a separate drive through teller station.  This is a design that many banks are beginning to adopt and it provides a much more open feel for the customer as well as enhancing the overall customer experience.

When asked how he feels about the success and upcoming growth of PriorityOne Bank; Barnes stated, “None of this would have been possible without the support of our loyal customers and the hard work and dedication of each and every employee.  We are blessed to have some great employees who do a great job serving our customers and growing our business which has created these opportunities.”

PriorityOne Bank, based in Magee, Mississippi, operates in ten Mississippi communities:  Collins, Seminary, Hattiesburg, Magee, Mendenhall, Richland, Brandon, Pearl, Pelahatchie, and Morton. PriorityOne Mortgage also has mortgage loan origination offices in Hattiesburg, Collins, and in Brandon, Mississippi.  The bank has assets of approximately $525 million.


Monday, February 3, 2014

Financially fit in 2014

I hope that 2013 was kind to you. I hope that you accomplished all that you intended to and more. I really hope that 2014 will be your best year ever. It can happen if we all will make good choices each and every day.
It is 2014, and it is time to set goals and look ahead with great anticipation and excitement. Year 2014 is going to be your year. You intend to eat correctly, hydrate properly, get plenty of rest and take much better care of your body. You have great intentions. However, you did not get specific and say that you were going to lose 20 pounds, drink the daily-required water, sleep eight hours a night or exercise daily. If you were setting goals, all of this would be a PHYSICAL goal. My advice would be to do all of the above and do it the best that you can. Its all about good choices made daily.
I want to discuss with you today about FISCAL goals for 2014. It is re- ally a matter of Personal Finance, and it is as much Personal as it is about Finance. It goes back to making those good choices each and every day. So to do your Personal Finance correctly, you must get personal with it; you must be aware. Unconscious and un- tracked spending can cause you more than a little trouble.
·      So here are a few steps that may help you get and stay “financially fit” in 2014:
·      Know your net income, that income that is available to cover expenses.
·      Know all your expenses. Emphasis is on all.
·      Establish and implement a budget that is based on your net income and all your expenses.
·      Commit to living within your budget. Commit to spending your time comparing actual income and expenses. Make revisions in your budget as needed.
·      Commit to your plan or program (it is called discipline), and this will assist you in making good choices every day.

Well, what happens if you do all this? Maybe you will be able to pay some of your debt off at a faster pace. Maybe you will be able to save more money for a car, a trip, a down payment on a mortgage, or maybe you will get so involved that you begin to see how you can take control of your own financial destiny. You make your own choices each and every day. Choose to manage your money and not let it manage you.
If you will be good to 2014, its a safe bet that it will be good to you. While this little writing has emphasized FISCAL, you need to make good choices in all facets of your life. You can do it, if you choose to.

I want to hear from some of you in 2015. I want to hear from you, and I hope you tell me that you have placed emphasis on your financial well-being and that it paid off for you. I want to know that you have accomplished something in 2014 and that you feel dog gone good about it! I have way over simplified this process, but you can make it as detailed as you want. If you want 2014 to be better than 2013, to be your best year ever, then, you need a plan like this. Make it a game, have fun with it and play to win.

By: David Farris 
PriorityOne Bank Vice President - Pelahatchie Branch


Tuesday, July 30, 2013

FDIC Consumer News


Click on the photo below to read the FDIC Consumer News Newsletter for the Spring of 2013. Lots of great information is included in this newsletter about Banking in a High Tech World!






http://www.fdic.gov/consumers/consumer/news/cnspr13/Spring13Color.pdf

Wednesday, August 8, 2012

Online Banking E-Book

Click the photo below to download our Online Banking E-Book for helpful tips on all of our online services. 


Wednesday, June 27, 2012

POB Announces New Hires

Burks


 
Adkins

PriorityOne Bank is pleased to announce new hires; Raland Burks and Eric Adkins.

Raland Burks has joined the POB team as Vice President, Commercial Lender for the Hattiesburg area. Raland was employed with the Mississippi Department of Banking for 11 years and is a graduate of USM and the LSU School of Banking

  Eric Adkins has joined our team as Vice President, Human Resources. Eric has 17 years of experience in the field of Human Resources and is a graduate of Mississippi College. 

Friday, June 8, 2012

LOCAL PHISHING ALERT


PriorityOne Bank has recently been made aware of some fraudulent activity, often referred to as phishing, targeting customers and non-customers of several local financial institutions. These messages have been sent by way of cell phone calls, text messages, and email. The automated phone calls typically ask the recipient to provide their debit card number and PIN for identification. Some victims are asked to “text” their bank account number to a phone number, or email it to any number of email addresses. The messages generally mention that the card number for the recipient has been deactivated. This is an effort to have the recipient contact a phone number or web site to provide card information this is information that could allow scammers to empty the victim’s bank account or open new credit cards in the victim’s name.  These calls are not legitimate. Please be aware that PriorityOne Bank will never ask for personal or account information by e-mail or solicit account information by phone. Should an account holder receive a suspicious phone call or e-mail, do NOT give out any personal or account information. We believe these phishing attempts are done at random and are not targeted towards any specific financial institution. If you believe you have been a victim of a phishing attempt, please contact your financial services institution immediately; or report it to the US Attorney’s office at 662-238-7677. If you would like more information on phishing, how to avoid it and what to do if it happens to you, go to http://onguardonline.gov/phishing .

Friday, June 1, 2012

Taking Advantage of Low Interest Rates



Advice for customers on how to take advantage of low-interest-rate environment

           
With interest rates at record lows, consumers face a number of choices for managing their money.  Whether they want to save, spend or invest, consumers are encouraged to consider their options and choose the strategies that best suit their particular financial circumstances.

PriorityOne Bank offers the following tips for low-interest-rate periods:

1.  Consolidate debt.  With interest rates at historic lows, it makes sense to consolidate debt into one low-interest loan. For example, if you have outstanding balances on several credit cards, consider transferring those balances to one credit card with the lowest interest rate.  If you qualify, it may be a good time to apply for a home equity line of credit to consolidate debt or make a home improvement. Most banks have been easing lending standards, so it may be easier to qualify today than it was a couple years ago.
 
2.   Shop around for credit cards with the best interest rates.  You may be able to get one with better terms than the one you are currently using.  Or, ask your credit card issuer to lower your interest rate to make it more competitive.
 
3.      Make large purchases now.  If you’ve been thinking of making a major purchase like a house or a car, today’s low interest rates make it a good time to finance big-ticket items. However, make sure you have a good credit record and can pay off the loan before applying. 
 
4.      Know your credit score.  Before you apply for any loan or credit card, check your credit report and learn your credit score.  Make sure your score is higher than about 680 to qualify for the very best rates.  If your score is lower than that, pay down your balances, remove errors from your credit report, and pay bills on time to raise your score.
 
5.      Keep saving.  Just because standard savings accounts aren’t paying a lot of interest now doesn’t mean you should stop saving for your future.  Your savings will still accrue, you’ll be less likely to spend it, and you know it will be safe.  If you can afford to lock up your money for a while, longer-term Certificates of Deposit (CDs) pay the highest interest rates.
  
 “Low-interest-rate periods offer a variety of opportunities and challenges for customers deciding how to manage their money,” said Robert Barnes, CEO of PriorityOne Bank. “Customers should never take on more debt than they can afford to repay, but this could be a good time to consolidate debt to make payments easier, or make a home improvement you’ve been thinking about for a long time,” he added.
             
Customers who are unsure of how to take advantage of the current low-interest-rate environment are encouraged to speak with their local bank representative.