OTC Markets Group Welcomes JD Bancshares, Inc. to OTCQX


NEW YORKMarch 16, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced JD Bancshares, Inc. (OTCQX: JDVB), the parent company of JD Bank, has qualified to trade on the OTCQX® Best Market. JD Bancshares upgraded to OTCQX from Pink® market.

JD Bancshares begins trading today on OTCQX under the symbol “JDVB.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Bruce W. Elder, President and CEO said “We are excited to upgrade JD Bancshares, Inc. to the OTCQX® Best Market and look forward to having greater visibility to the investing public.  The Company has served the southwest Louisiana market since 1947 and while we are well known in our local footprint, we look forward to telling our story and introducing JD Bank to a broader audience.”

Raymond James & Associates, Inc. acted as the company’s OTCQX sponsor.

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

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

The Pros & Cons of an FHA Loan

FHA loans are loans issued by private lenders – including by JD Bank – but backed by the Federal Housing Administration (FHA). Because they are insured by the FHA, these loans are typically the easiest to qualify for new homeowners and people who can’t afford to make big down-payments on conventional loans.

FHA loans are the easiest to qualify for, and certainly worth considering. They may not be the right solution for all borrowers when considering FHA loans compared to other types of home loans that are available from JD Bank. It all depends on your situation, but let’s examine the pros and cons of FHA loans for home buyers in Louisiana.


Lower Credit Scores Are Acceptable – Borrowers with low credit scores – or no credit history – are more likely to get approved for an FHA loan than other types of loans. When applying for a conventional loan, a lower credit score is a difficult obstacle to overcome. Those with credit problems, including bankruptcy, still could qualify for an FHA loan, but your minimum down payment will rise. Because the U.S. government backs the loan, you don’t need near-perfect credit.

Lower Debt-to-Income Ratio (DTI) – Often with conventional loans, your debit-to-income ratio is a key factor in determining whether you are approved. Lenders want the amount you spend on monthly loan payments to be relatively low compared to your total monthly income. FHA loans allow for a higher DTI than conventional loans. 

Lower Down Payments – Where you may be required to put down 5 percent or more for a conventional home loan, FHA loans allow you to put down as little as 3.5 percent, or $3,500 per $100,000 that you borrow. An FHA loan will also allow other sources, such as a family member, employer or philanthropy, to contribute to your down payment.

FHA loans are also a useful solution for more than traditional, single-family residences. Borrowers can use FHA home loans to purchase a multi-unit property with up to four units, as long as they live in one of the units for a year. This loan can also be used for a condominium or even a manufactured home as long as it has a permanent foundation.

These benefits make FHA loans a great option for many borrowers. For some, FHA loans aren’t the ideal choice, as they would be better served with other home loan options.


Mortgage Insurance Premiums (MIP) – While a conventional mortgage only requires private mortgage insurance, FHA loans demand mortgage insurance premiums. These can include an upfront MIP payment of 1.75 percent of your loan amount at closing, and then an annual premium FOR THE LIFE OF THE MORTGAGE, which is typically 30 years.

Limits on How Much You Can Borrow – These limits vary depending on where you are located in the country, but they are still lower than the limits for conventional loans. The FHA publishes a chart each year showing the maximum amount for FHA loans by region. If you are in a market where the real estate is in demand and high priced, FHA loans may not work for you.

Minimum Housing Standards – These may prevent you from buying the house you want, because not all houses qualify for FHA loans. These minimum property standards are meant to protect buyers from purchasing properties that are in disrepair, but they can make it difficult for those who aim to purchase an older home that needs work. An FHA loan inspection will be tough for a buyer wanting to make significant renovations and repairs on a fixer-upper.

An FHA loan has several appealing factors, and it can be the right choice for first-time homebuyers, those without sterling credit and others of all income levels. While FHA loans aren’t the perfect fit for everyone, there are several other loan options to consider, so talk to a local JD Bank home lending expert to clarify what loan will fit your unique needs best.

Money Moves To Make Before April 15th


As the April 15th tax deadline nears, there are a few savvy actions you should be aware of before filing your return that can impact your bottom line either now or in the future. These tips can give you a head start.

Check Your Tax Withholdings – It’s nice to get that tax refund every year, and there are those who wait for it, like an annual financial boost. However, a bigger paycheck might provide your budget a little more comfort, or the extra funds could go toward savings. Conversely, you may find you have to pay taxes this year. The IRS has a useful tool, the Tax Withholding Estimator [Link: https://www.irs.gov/individuals/tax-withholding-estimator] to adjust your W-4.

If you haven’t checked the withholding amount on your paystub in ages, it is worth doing. If you think about it, paying too much in taxes with each paycheck during the year, and then getting the overpayment back months later after filing your return as a tax refund, is like giving the government a loan without interest.

Increase Your Retirement Plan Contributions – The money you put in these accounts, such as a 401(k), reduces your taxable income for the year, which reduces your tax bill. And this money isn’t taxed until you withdraw it. If you have an IRA through JD Bank, the contribution limits for 2019 and 2020 are $6,000 plus $1,000 in catch-up contributions. If you have a 401(k) at work and it is matched by your employer, try to contribute the amount that will be matched by employer contributions.

Those funds are tax-deferred and grow tax-free. This is a good time to review if you are investing enough toward retirement, and whether you can increase the percentage moving forward. You should try to increase your contribution amounts annually to keep pace with inflation rates.  

Make Charitable Contributions – Supporting your favorite causes and charities is not only good for the soul, it has benefits as a tax deduction. There are several ways to give, either as cash, or stock held for over one year.

Get Your Credit Report – Data breaches and system hacks unfortunately are constantly in the headlines. As you review all of your finances, it’s smart to also get a copy of your credit report to make sure nothing has been falsely reported. Federal law allows you to get a free copy of your credit report from the three credit reporting companies – Equifax, Experian and TransUnion – each year. Your credit card company should be able to provide this to you.

Build A Plan of Attack for Your Debt – If you have outstanding credit card debt, vehicle loans, mortgage and student loans, review these debts. Explore if there is any flexibility in your budget on these repayment timelines as you take a wide view of your personal finances. Look closely at your spending habits as you collect your receipts for taxes and consider if consolidating your debt with either a personal loan or home equity loan is wise. Often a simple, yet smart money move will be changing to a high interest checking account such as ZydeCash for greater returns on your balances, as well as making one extra payment on your mortgage annually.

Review Your Beneficiary Designations – This move is not just for the wealthy. Make sure who you have named as the beneficiary for any retirement accounts, life insurance policies and other estate planning documents are up to date. And if you don’t have an estate plan, it’s time to look into it. JD Bank has an experienced team that specializes in estate planning, trusts and retirement plans.

As the time to file your taxes looms, one always realizes how much impact on your bottom line that taxes can have. When your taxable income exceeds certain limits, your tax rate goes up with what tax bracket you fall into. It clarifies the benefit of contributing higher amounts to a 401(k), a Health Savings Account, or a traditional IRA throughout the year. Not only for retirement – and planning for the future is important – these deductible contributions can also save you money in the near term by placing you in a lower tax bracket.   



The Many Benefits of a Health Savings Account with JD Bank

Health Savings Accounts continue to grow in popularity for employers, and many don’t realize it’s also an account that people can open on their own at JD Bank for their healthcare needs. With the right type of health insurance, an accompanying HSA can help individuals save on healthcare expenses as well as build a nest egg for retirement, not unlike a 401(k).

An HSA offers triple-tax advantages: the contributions are tax-free, the earnings are tax-free, and withdrawals for eligible expenses are tax-free. An HSA account with JD Bank grows annually and remains with you as the account holder, regardless of career changes. While an HSA can help limit your medical costs, reduce taxable income and even help plan for retirement, to be eligible for an HSA it must be teamed with a qualifying, High-Deductible Health Plan (HDHP).

Click here to apply for a JD Bank HSA Account


Every dollar you put into your HSA from a payroll deduction are dollars you don’t have to pay taxes on. Post-tax contributions are deductible on your tax returns. The interest or investment income in your HSA is tax free as well. Even if you change to a non-HSA health plan one day, the funds that have accumulated can still be applied to qualifying medical expenses.  

An HSA offers tremendous flexibility, in that it is your account, and how you manage it for your healthcare needs. The funds are always immediately available to you for qualified medical expenses. There is no limit to how large your HSA can grow over time, how much you use on eligible expenses, or how much you choose not to use until it’s needed. These funds do not expire.  

A Health Savings Account allows individuals – or employees of a company – to contribute money to their account pre-tax. This helps build funds to cover any eligible healthcare expenses from that account until reaching their deductible. However, to be eligible for an HSA, the most important caveat is you must be enrolled in a High-Deductible Health Plan (HDHP). According to the IRS, an HDHP in 2020 must have a health insurance minimum deductible of $1,400 per year for self-coverage and $2,800 for a family plan.

Click here to apply for a JD Bank HSA Account

The limits that can be contributed to an HSA in pre-tax money for medical expenses in 2020 are $3,550 and $7,100, respectively. Similar to 401(k) and IRA contributions, if you are age 55 or older, you can contribute an extra $1,000 to your HSA. Employees or individuals can make their HSA contributions at any time during the year, but to maximize their contributions, breaking it down into monthly contributions through a pre-tax payroll deduction can make the process easier to manage. Since HSAs are tied to HDHPs, the annual out-of-pocket expenses for an HDHP this year cannot exceed $6,900 for self-only coverage, or $13,800 for family coverage.  

Your employer can make contributions to your HSA, as can family members, or any other person. This applies whether you are employed, self-employed or unemployed. Again, the flexibility of an HSA is one of its greatest features, as is that the funds always roll over into the next year – and earn interest. The maximum amount you can put in includes any employer contributions – to encourage participation some employers will also contribute – so be sure to understand whether your company is making deposits on your behalf.

However, that the Health Savings Account from JD Bank provides triple-tax advantages may be its most notable benefit, as the contributions, withdrawals for eligible expenses and earnings are all tax-free. 

Click here to apply for a JD Bank HSA Account

For local employers looking to partner with JD Bank for a consumer-driven health plan, an HSA is a sound option for your workforce that puts participants in greater control of their healthcare.

It’s important to understand the HSA qualified expenses. Generally, HSA funds can be used to pay for doctor and dentist visits, prescription medications, and treatments. Typically, this includes eyeglasses, nursing care, lab fees and medical devices, but not health club fees or cosmetic surgery.

Since the money you contribute to an HSA will never expire, there are those who save their Health Savings Account funds primarily for medical needs during retirement, even if you are covered by Medicaid at that time. Once you reach age 65, most people can no longer contribute to an HSA, so there is a limited window to take advantage of this savings plan.

If you are age 65 or older, you may withdraw money from an HSA for any purpose other than qualified expenses and only have to pay income tax on that amount.  However, if you are under age 65 and withdraw money from your HSA for any purpose other than qualified expenses, you will have to pay income tax on that amount as well as a 20% penalty. 


25-year Banker Dwayne Myrick Returns to Acadiana – Appointed Director of Loan Review


Lafayette, La- JD Bank is pleased to announce that Dwayne Myrick has accepted the position of Director of Loan Review after working in banking for many years in the Atlanta area. Myrick’s responsibilities include reviewing and insuring loans are accurately graded, helping to manage
risk and verifying bank policy is followed.

Born and raised in Lafayette, Myrick graduated from the University of Southwestern Louisiana (now UL) with a Bachelor of Science in Business Administration. His banking experience includes financial analysis and underwriting, loan portfolio management, loan administration, and risk analysis and mitigation while employed by Community & Southern Bank in Carrollton, Georgia and Community Bank of West Georgia in Villa Rica. “Dwayne’s strong interpersonal skills and his leadership and mentoring experience will be a great fit for Louisiana’s Community Bank,” said President and CEO Boyd R. Boudreaux.

“Change is good,” said Myrick. “My career has been about changing with the times and I’ve been able to move back home! I’ve found that community banks can sharpen their competitive edge by staying more in touch with their community than larger banks can. JD Bank is all about the personal touch and focusing on customers’ needs,” he added.

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.com or call 800-789-5159. Member FDIC. Equal Housing Lender.

Veteran Acadiana Banker Appointed Vice-President/Treasury Management Specialist

Agriculture Loans


Lafayette, La- JD Bank is pleased to announce that well-known Acadiana banker Pam Judson has joined our team as Vice-President/Treasury Management Specialist. Judson will be located at JD Bank’s Lafayette Branch at 300 Verot School Road. Born and raised in Pennsylvania, she has called Acadiana home for the last 25 years.

As Treasury Management Specialist, her solution-driven responsibilities include providing customers large and small with streamlined cash management analysis, helping them save time and money, and reviewing new products with them, including the latest in technology, safety and security features. “We are very fortunate to have someone with Pam’s talents and experience join the JD Bank management team,” said Boyd Boudreaux, President and CEO. “She has a keen insight regarding cash management to pass on to our business customers, and she’s worked with personal customers as well, giving her impressive branch experience,” Boudreaux added.

Her husband’s service in the United States Army meant she had to re-locate a few times, but it is also what brought her and her family to Lafayette, where she has spent more than two decades in local banking. Judson was employed most recently by MidSouth Bank and she has worked as a teller, personal banker, branch manager, and for the last 15 years in cash management. “What I love about my new position at JD Bank is that hometown feel and being able to help those customers that are in our footprint, local business owners. My philosophy is we are building lifelong relationships with them,” Judson said.

JD Bank Earns CardRates.com’s 2018 Editor’s Choice Award™ for our Focus on Community Engagement in Louisiana

To Read the Original Article, click here.

JD Bank Earns Our 2018 Editor’s Choice Award™ for Its Focus on Community Engagement in Louisiana

By: Matt Walker
Posted: September 12, 2018

JD Bank Earns Our 2018 Editor’s Choice Award™ for Its Focus on Community Engagement in Louisiana
Our finance experts and industry insiders blog the latest news, studies, current events, and other interesting tidbits from inside the credit card industry.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

In a Nutshell: In today’s fast-paced world, it can feel at times as if like the idea of community is being left behind. But JD Bank knows the importance of community involvement, and is helping to keep its community spirit alive. The Louisiana chain works encourages volunteering in its communities, donates to local charities, and provides financial education to various audiences. For these reasons, we have selected JD Bank as a recipient of the 2018 Editor’s Choice Award™. inShare

Summer is in full swing in Mamou, Louisiana, and on Splash Day, kids take a break from playing in the water to line up for a turn at the flamingo ring toss game. Others are eager to have their faces painted in bright colors and wild designs.

For the JD Bank volunteers operating the booth, this annual tradition hosted by the local police and fire departments is one of the most highly anticipated community events of the year.

As summer gives way to fall, and humidity’s grip begins to loosen, more than 200,000 attendees gather in downtown New Iberia for the World Championship Gumbo Cookoff. The event — in its 29th year — is estimated to provide an economic impact of at least $2 million to the city.
Again, JD Bank is there for the festivities.

Photo of Ann Barilleaux
Ann Barilleaux is the Vice President Marketing Director for JD Bank.

“To do business in a community, you have to know your community. You have to be a part of that community,” said Ann Barilleaux, Vice President Marketing Director for JD Bank.

The bank was founded in 1947 by community leaders in Jennings, Louisiana, who were interested in bringing improved financial services to Jeff Davis Parish (that’s where the JD comes in). With community improvement as a goal from the beginning, the JD Bank website notes that this theme has carried over in the intervening decades and continues today.

“JD Bank donates both the time and effort of our employees, as well as financial resources to the many philanthropic organizations in our service area,” according to the website. “We believe community service goes hand-in-hand with customer service.”

Today, JD Bank has 22 full-service locations and two drive-up branches across southwestern Louisiana, said Barilleaux. Its largest customer base is in the Lake Charles area but the company headquarters remain in Jennings.

JD Bank Employs a Three-Pronged Approach to Community Service: Volunteer, Donate, Educate

Barilleaux said JD Bank’s approach to continuing its tradition of community service is three-pronged: It encourages volunteering, donates money to worthy causes and charities, and provides financial education whenever possible.

“By doing that, you serve your customer on many, many levels besides just the transactional level,” Barilleaux said.

Of course, these three areas don’t always remain distinct from one another.

Financial education is a huge piece of how JD Bank gives back to the community and is often intertwined with volunteerism, Barilleaux said. The bank sends its lenders, branch managers, and other employees to volunteer in places like area schools, the Literary Council, and underserved areas, to help teach people about financial literacy and offer tips on how to manage their finances.

Photo of Dawn Primeaux with McNeese State women's basketball team
JD Bank’s McNeese location, provided financial literacy insight to the McNeese State University women’s basketball team.

“We actually have a program where we have partnered with the different school boards of the area to make them aware of the financial education program,” Barilleaux said. “We offer it to all the teachers. Some of the teachers will contact us to go and participate with them and other times, we’ll seek them out to make those connections.”

Barilleaux also highlights some of the other volunteer and community activities she said the employees are usually excited to participate in, like sponsoring a cooking team in a fundraiser cook-off for Jennings Communities Against Domestic Violence.

“Toys for Tots is also one they look forward to,” she said. “All of our branches are collection sites, and then we have employees who will use a vacation day to go distribute the toys. So we really get to do great things in all of our markets at many different levels as a community partner on the philanthropic side.”

Branch-level Employees Determine the Needs of the Community They Serve

“Our first commitment is to our customers,” Barilleaux said, “and part of our role as a community bank is that we still allow our lenders and the people in the branches to make decisions for what’s best for their communities, and what’s best for their customers.”

Barilleaux said this practice sets JD Bank apart from a lot of other financial institutions today. At many other institutions, once a customer fills out an application for financial services, the application is then sent to a decision-maker outside of the community.

As a community bank that often serves small communities, Barilleaux said she often relies on branch managers and staff to let her know what does or does not work in a particular market. She said her department makes all the final decisions about who to choose as community partners, and how to distribute its time, money, and other resources.

“But it’s really based on the recommendations of the people that live and work in those communities,” she said.

She said this approach helps determine whether funds are being used in an appropriate way and going toward an appropriate cause, if community partners are aligned with JD Bank’s own values and mission, and if the financial education program needs to be tailored to meet the needs of a particular group.

Barilleaux also said the needs of communities can vary greatly from one to another. One of JD Bank’s more agricultural markets will have very different needs than the community of a more metropolitan area like Lafayette. Each community also has various organizations and events that are important to that specific community for a variety of reasons.

Community Service Carries Over into the Business Model through Small Business Checking and Customer Call Center

JD Bank’s approach of placing customer needs first serves local communities and carries over into how the bank operates on the business side as well.
“We just launched our small business checking account, which we’re really excited about,” Barilleaux said. “That’s going to help a lot of our small business owners. When you have a small business, you need people to look out for you and be good stewards of your money.”

The account is suitable for a business with a low volume of monthly transactions. If a company qualifies for the free account, it can also take advantage of features like no deposit fees on the first 250 items per month, unlimited electronic deposits, and a free business debit card.

JD Bank also recently launched its own call center to better serve its customers’ needs. It is, “Your one-call information center for questions concerning your JD Bank account,” according to the website.

“It’s very nice because, you know, sometimes when you call a company, you can get a little frustrated that you’re bounced around a little bit while people try to find an answer to your questions,” Barilleaux said. “But this new call center helps streamline the process.”

Currently, the call center can be reached by dialing 1-800-789-5159, Monday through Friday from 8 a.m. to 6 p.m., and Saturdays from 9 a.m. to noon.

Meanwhile, JD Bank offers a new mobile wallet, that allows customers to use a mobile device or laptop to make secure purchases quickly through Apple Pay, Samsung Pay, or Google Pay, using a personal or commercial JD Bank debit card.

JD Bank’s commitment to community is evident from the most individual level all the way to the top of the company.

At a cystic fibrosis walk for charity, a JD Bank employee and father whose daughter is affected by the condition, cooks a giant pot of jambalaya each year to serve the walkers as they raise awareness and funds for the cause, Barilleaux said.

In 2016, JD Bank donated $43,718 to the United Way of Southwest Louisiana, one of its most active partnerships.

The examples go on and on.

If being a part of a community is necessary to do business in a community, then JD Bank is a well-qualified partner for its broad reach across southwest Louisiana. With its extensive list of community associates and three-pronged approach of volunteering, donating, and educating, the regional chain has demonstrated its commitment to its community over and over again.

Veteran JD Community Banker Appointed To Manage Highway 14 Branch In Lake Charles

Lake Charles, La.- Oliver Clark, a 15-year JD Bank employee and Southwest Louisiana native, has been appointed to manage JD Bank’s Highway 14 branch in Lake Charles. “Oliver is one of the most experienced and dedicated employees in the JD Bank family,” said President and CEO Boyd Boudreaux. “He has literally worked in every position within a retail branch, and that is a tremendous accomplishment for Oliver.”

Before his appointment as Assistant Vice-President/Branch Manager at the Highway 14 branch, Clark serviced as Consumer Lender/Assistant Manager at JD Bank’s Kirby Street branch. He is a graduate of the Graduate School of Banking at LSU. Born and raised in Longville, Louisiana, Clark says he has enjoyed working at Louisiana’s Community Bank and has a passion to serve the community where he lives and works.

“I’ve lived in Lake Charles for more than 19 years, and we at JD Bank are a close-knit family. We know our customers by name, we’re local and we’re here to serve the community,” said Clark, who has served as President of the Volunteer Center, as a past board member for United Way of Southwest Louisiana, and volunteers for Big Brothers/Big Sisters.

In addition to his love for banking, Clark has a keen interest in law enforcement. “One of my favorite TV shows has always been Law and Order. Before I decided banking was the profession for me, I really thought about a career in law enforcement,” Clark said. He completed the training and is currently serving as a commissioned reserve deputy for the Calcasieu Parish Sheriff’s Department.

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.

Banking Compliance Veteran Appointed SVP/Chief Compliance Officer/In-House Counsel

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.

Mark Lewis Named VP/Commercial Lender at the HWY 14 Branch

LAKE CHARLES, La. –  JD Bank has turned to an experienced banking professional to strengthen our commercial lending division at the Highway 14 branch in Lake Charles. Mark F. Lewis has 25-years of banking experience and has been hired as Vice President and Commercial Lender.

In this role, Lewis will oversee commercial and small business lending and business development in the Southwest Louisiana area. “I’ve served my entire professional life in banking and, as a commercial lender, it’s so exciting to see successful businesses thrive in our community, and to know our bank played a role in that success is such a great feeling,” said Lewis. “Joining the team at JD Bank is a dream come true for me. We’re more than just bankers, we’re neighbors and friends.”

Lewis is a life-long resident of Lake Charles and graduated from Washington-Marion High School. He attended McNeese State University where he earned his Bachelor of Science degree in General Business Administration. Lewis has received certification in Financial Statement Analysis and Business Credit Training from Omega Performance, an industry leader in skills development for commercial lenders.

Lewis is a perfect fit for Louisiana’s Community Bank. He is a dedicated Board member of Lake Charles Kiwanis North and also serves on the Board of directors for SWLA Center for Health Services. Lewis attends Bethel Metropolitan Baptist Church where he serves as a Trustee in the Men’s Ministry.

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.