LAKE CHARLES, La. – George Shafer has joined the JD Bank team as Senior Vice President, Chief Compliance Officer and In-house Counsel. He spent the last 18 years working in compliance for three Louisiana banks. Shafer grew up in rural Vernon Parish, just north of DeRidder. He graduated with a BA from Northwestern State University and then from LSU Law Center in 1995. Shafer was admitted to the Bar and practiced law for five years, before his passion for banking led him to the field where he’s worked ever since.
Shafer has extensive experience in all aspects of compliance for area financial institutions and, for a time, also handled asset management and trust compliance. As Chief Compliance Officer, Shafer will handle all compliance, including matters involving consumer protection laws and lending or deposits. He will also be responsible for interacting with federal banking regulators as they examine the bank’s compliance.
Shafer will also rely on his experience as an attorney, serving as JD Bank’s In-house Counsel, where he will manage legal work and the analysis of internal documents and other bank transactions. Shafer will also supervise legal matters with outside counsel.
“I’m thrilled to join Louisiana’s Community Bank,” said Shafer. “Compliance is an ever-changing world, and I love being involved at the senior management level, helping protect the interests of JD Bank and our customers.” Shafer and his wife of 23 years, Diana, moved to the Lafayette area in 2006. The Shafers have two sons, Devin, 12, and Daniel, 9.
President and CEO Boyd Boudreaux said, “It is rare to find someone with George’s unique and combined experience in banking, compliance, customer service, and the law. We are excited he has joined the senior management team at JD Bank.”
About JD Bank
Founded in 1947, JD Bank, Louisiana’s Community Bank, offers personal and business banking services across Southwest Louisiana and Acadiana, and the latest in online and mobile banking. For more information, visit www.jdbank.wpengine.com or call 800-789-5159. Member FDIC. Equal Housing Lender.