JD BANK WELCOMES VETERAN COMMUNITY BANKER TO EUNICE BRANCH

PRESS RELEASE

July 23, 2020

FOR IMMEDIATE RELEASE
Contact: Ann Barilleaux, JD Bank
(337) 656-7326
ann.barilleaux@jdbank.com

JD BANK WELCOMES VETERAN COMMUNITY BANKER TO EUNICE BRANCH

Jennings, LA – JD Bank is pleased to announce that well-known community banker, Randall J. Vigee’, has joined the JD Bank team as SVP Commercial Lender. A Eunice native, Vigee’ has been integral in meeting the banking needs of the Eunice community for over 30 years. He will be located at the JD Bank Eunice Branch located at 300 Park Ave. “Randall’s talent and expertise in commercial lending make him a great asset to the JD Bank family,” said President & CEO Bruce W. Elder. “Randall’s commitment to the success of Eunice shows in his passion for helping his customers meet their financial goals.”

Vigee’ is a graduate of Eunice High School and earned a Bachelor of Science in Finance from Louisiana State University. He is a 1991 graduate of the Graduate School of Banking of the South. “I am excited about the opportunity to serve my customers and the entire region with JD Bank,” said Vigee’.

He and his wife, Susan, share a love for travel, enjoy hunting, and are avid fishermen. Vigee’ has been active in the Eunice Chamber of Commerce, Kiwanis Club, Jaycees and the Eunice Rotary Club.

About JD BankFounded in 1947, JD Bank, Louisiana’s Community Bank, offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. JD Bank also offers both trust and investment services. JD Bank operates through 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. For more information, visit www.jdbank.com or call 800-789-5159. Member FDIC. Equal Housing Lender.

Lori Mitchell

 
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Lori Mitchell

commercial lender

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Get to know Lori Mitchell, JD Bank’s Commercial Lender for the Sulphur Market.

Mitchell started her banking career in 1980 as a teller and worked her way up through the ranks as a collector, loan associate, appraisal reviewer, compliance assistant, and consumer lender. In 1995, she was hired by JD Bank and during her 17-year career served as Branch Manager for the Sulphur and Kinder branches and Commercial Lender for the Kirby St. Branch in Lake Charles. Most recently, she worked as a Commercial Lender for another local bank for six years before returning to JD Bank. “I am excited to be back home and look forward to maintaining close banking relationships with my customers,” said Mitchell.

Mitchell and her husband, Billy, reside in DeQuincy and have three married children and nine grandchildren. She is active in the community as a member of the DeQuincy Federated Service League, Secretary/Treasurer for the DeQuincy Veterans Organization, and teaches preschool for her church, Crosspoint Community Church.If you are in the market for a commercial loan in Sulphur, give Lori a call at 337-656-7340.

areas of expertise

  • Commercial Real Estate
  • Rental Investments
  • Subdivision Development
  • Spec Homes
  • RV Parks
  • Other Business Needs

About JD Bank Commercial Lending

Whether you have an established company, your business is rapidly growing or you are considering starting your own business, JD Bank Business Loans can be a key to success.

All businesses need funding. JD Bank’s Commercial Loan Officers have the lending expertise you need to go from business plan to key-in-hand, and we have created business loans for companies in a variety of Louisiana industries. We will stand with you with experienced support and insight as we work together to achieve your business goals. At JD Bank we take the success of your business personally, and our specialty is working with the people, industries and local businesses of Louisiana.

summary

Whether you’re just starting out or ready to expand, get a great business loan that fits your particular needs.

  • Great rates
  • Flexible terms
  • Personalized service
  • Experienced advisors
  • Local decision making
  • Quick approval

JD Bancshares, Inc. Reports Financial Results for Q2 2020

PRESS RELEASE 
July 23, 2020 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (EVP) (337-824-1422)
Website: www.jdbank.com
JD Bancshares, Inc. Reports Financial Results for Q2 2020

Jennings, LA., July 23, 2020 (ACCESSWIRE) – JD Bancshares, Inc. (the “Company”), (OTCQX: JDVB), the parent holding company of JD Bank (the “Bank”), reports its unaudited financial results for the three and six month periods ended June 30, 2020.

Net income for the three-month period ended June 30, 2020 was $1,648,996 or $1.06 per common share compared to $1,557,713 or $1.00 per share for the linked quarter ended March 31, 2020 and $2,442,925 or $1.57 per share for the prior year quarter ended June 30, 2019. Financial results for the current year quarters were impacted by large loan loss provisions in consideration of the uncertainty surrounding the COVID-19 pandemic crisis. Due to the large provisions, evaluating the Company on a pre-tax, pre-provision operating income basis provides greater insight when comparing recurring financial performance over periods. Pre-tax, pre-provision operating income for the quarter ended June 30, 2020 was $2,847,642 compared to $2,502,248 for the linked quarter and $2,762,858 for the comparative prior year quarter. Pre-tax, pre-provision operating income excludes taxes, provision for loan losses, losses on the sale of other real estate owned and gains on the sale of investment securities. Pre-tax, pre-provision operating earnings for the current period were positively affected by the recognition of a portion of fees received as a result of our participation in the Small Business Administration (SBA) Paychecks Protection Program. (PPP). Other factors having a significant impact on current quarter earnings include the 150 basis point decline in short-term interest rates occurring in March 2020, the impact on non-PPP loan demand given the uncertainty of economic conditions and the excess liquidity generated as a result of substantial deposit growth since year end.

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About JD Bancshares, Inc.

JD Bancshares, Inc. is the bank holding company of JD Bank, a state chartered bank headquartered in Jennings, Louisiana. JD Bank 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 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana.

JD Bancshares, Inc. (OTCQX: JDVB) trades on the OTCQX Best Market. Companies 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 www.otcmarkets.com.