Monday, October 17, 2011

Happy Boss's Day!

Happy Boss's Day to all of our managers and officers! Thanks for all you do 
to make PriorityOne Bank a success!

Ever wonder where Boss's Day came from?

History:
The origin of Bosses Day dates back to 1958. Patricia Bays Haroski, an employee at State Farm Insurance Company in Illinois, registered it with the U.S. Chamber of Commerce. Ms. Haroski chose the date because it was her father's birthday. Who was her boss? ....her father. 


What Makes a Good Boss?
Here are some attributes people say make for the best boss:
  • Fair
  • Honest
  • Understanding
  • Approachable
  • A good communicator

Tuesday, October 11, 2011

FinanceWorks Coming Soon!

Keep track of all your accounts from one secure location using our new personal finance manager, FinanceWorks! Starting in November you can use your POB online banking sign-on to  pull in account information and balances from any account at any bank and keep track of them all in one place. This innovative new tool also helps you with budgeting and tracking where your money is going. Click below to see an online demo on how FinaceWorks really works!


Thursday, October 6, 2011

PriorityOne Still Offers FREE Checking Options

Read below to learn about some changes that are coming to many “big banks” in the near future, then visit https://www.priorityonebank.com/checking.html to learn more about our free checking options and how our community bank can serve you.


Trustmark to roll out new checking account options
ClarionLedger.com --- http://www.clarionledger.com/article/20111006/BIZ/110060335/Trustmark-roll-out-new-checking-account-options?odyssey=mod|newswell|text|Home|p

"Some Trustmark National Bank customers could incur a $5 monthly service charge starting Nov. 1 as the bank rolls out its new checking account options.

Customers with Positively Free Checking accounts will be converted to Smart Choice Banking. Customers can avoid the $5 monthly service charge with a $1,000 average balance, 10 debit card transactions or a direct deposit of at least $100.

Trustmark, which controls about 13 percent of the Mississippi market, is the latest bank to modify its free checking structure as institutions nationwide work to make up revenue lost from new regulatory rules.

Senior Vice President Barry Planch says a number of Positively Free Checking customers maintain low balances and use debit cards sparingly. However, those same customers often use services such as Trustmark's call center that cost the bank money to maintain.

"We're in a situation where we're making nothing on them," Planch said of Positively Free Checking.

Planch said Smart Choice Banking should offset some of those bank costs, but he's not expecting a "substantial revenue boon" for the bank as many customers meet one of the qualifiers and would escape the monthly charge.

In a letter dated Oct. 1, Trustmark informed Positively Free Checking customers that they will continue to receive benefits such as free Internet banking and bill pay, free debit cards and unlimited check writing. Account numbers and account access will remain the same.

Other new options include a Simply Free Banking account, which has limited access and no monthly service charge, and a Total Value Banking account, an interest-paying checking account with a $6 monthly service charge.

Planch said Trustmark's management team meets biweekly to review the bank's product line. The bank is keeping a close eye on federal regulation changes that have caused some banks to adjust fees and services.

Regions Bank is one of several larger banks that have added a monthly charge for customers using debit cards. Regions charges some customers $4 a month.

Banks are making up dollars lost when the government lowered how much they could charge retailers when a person uses their debit card.

Wells Fargo, Chase, Citibank and SunTrust have added or are testing debit card fees.

Trustmark has no plans to introduce debit card fees, said Melanie Morgan, a senior vice president and company spokeswoman.

Planch said he couldn't say that Trustmark will never introduce debit card fees, "but I can say that you won't see us come out with a debit card fee next month."

BancorpSouth also has no immediate plans to introduce debit card fees, spokesman Randy Burchfield said.

The Tupelo-based bank last year rolled out its My Way checking account. A $5 monthly service charge is waived if customers maintain a minimum daily balance of $100, make at least five debit card transactions or sign up for direct deposit, similar to Trustmark's new qualifiers."

-Clairon Ledger, October 2011


- Posted using BlogPress

Big Changes at PriorityOne Bank


PriorityOne Bank's Odean Busby Appointed as Executive Chairman; Robert Barnes as President and CEO


Odean Busby Robert Barnes

Magee, MS --- PriorityOne Bank announced that its board of directors has appointed Odean Busby as Executive Chairman of the Board and Robert J. Barnes as President and Chief Executive Officer. Both Busby and Barnes have served in executive management positions with PriorityOne for many years. Mr. Busby will continue to serve in numerous capacities throughout the bank and Mr. Barnes will assume the day to day management responsibilities of the organization.

Busby joined PriorityOne Bank as President & CEO in1980. He has served in this capacity,and later as Chairman of the Board, for the past 31 years. The bank under his leadership has grown to over $510 million with 11 branches in five counties in South Mississippi. Also operating under the PriorityOne umbrella are PriorityOne Mortgage, PriorityOne InsuranceAgency, and PriorityOne Financial Services.

Busby currently serves as Treasurer of the Mississippi Bankers Association, Director of First National Bankers Bank, Baton Rouge, LA,Chairman of the Mississippi Guaranty Pool Program, Director of Simpson County Economic Development Foundation, Director of  Health Trust Foundation, and as a re-nominated member of the Board of Trustees of William Carey University.

A graduate of  Taylorsville High School and Jones County Junior College, Busby also earned a degree in Banking and Finance from the University of  Southern Mississippi. He is a graduate of the Mississippi School of Banking, which is held at the University of  Mississippi, and the Graduate School of Banking at Louisiana State University.

He and his wife, Glinda are the parents of two children and three grandchildren. They are both active members of First Baptist Church,Magee, MS
Robert J. Barnes joined the bank as a teller in 1983 while attending the University of Southern Mississippi. After graduating with a BSBA in Banking and Finance, he continued with the bank as a loan officer. Since then he has served as Branch Manager, Division President and as the Chief Lending Officer for the bank. He currently serves on the Board of Directors of PriorityOne Bank, PriorityOne Capital Corporation and Copiah-Lincoln Community College Foundation.

Barnes is Past President of the Simpson County Development Foundation, the Magee Chamber of Commerce and the Magee Lions Club. Actively involved in civic activities, Barnes has served as Chairman of  Magee Adopt-a-School program and as a founder of the Youth Leadership program for Simpson County. He is a graduate of Magee High School, Copiah-Lincoln Community College, and the Graduate School of Banking at Louisiana State University. Barnes and his wife, Melissa are the parents of two daughters and three grandchildren. They are both active members of First Baptist Church of Magee.

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 $510 million.