As CFO, Powell will be responsible for analyzing and managing financial-related activities of the growing bank. Ricketson, the former CFO, will head human resources, compliance, audit, facilities and security in his new role as CAO.
"As we continue to grow and acquire new banks, our organizational structure will continue to evolve. With these changes, we are setting in place a structure to manage a larger institution in a sound and profitable manner," Hamilton State Bank Chairman and CEO Robert Oliver said.
"Mike has held several important positions within Hamilton State Bank for a number of years and will now be supervising several areas that have become more and more critical as we've grown," Oliver said. "Jeff has extensive experience as a CFO for a bank that acquired failed banks and a strong background in loss share accounting and SEC reporting. Each is important to our continued success."
Powell comes to Hamilton State Bank with more than 30 years of banking experience. He most recently served as Executive Vice President and Chief Accounting Officer for Iberia Bank in Lafayette, La.
Ricketson has worked in banking for 36 years and has been a key part of an executive team that successfully completed repayment of Troubled Asset Relief Program (TARP) funds back to the U.S. Treasury Department, added $231 million through the sale of its common stock, and led Hamilton State Bank through its recent acquisitions of Bartow County Bank, McIntosh State Bank and The First State Bank in Stockbridge.
Jeff Powell
Mike Ricketson
http://accesswdun.com/article/2012/2/245844