Magna Bank - Directors Officers

Board of Directors

Kirk P. Bailey. Mr. Bailey is chairman of the board of directors and president and chief executive officer of Magna Bank. He has been a member of the board of directors since its incorporation. Prior to joining Magna Bank, Mr. Bailey was an executive vice president of Leader Federal Bank for Savings and Leader Financial Corporation, and also was president of Union Planters Bank of Memphis.

Ronald W. Stimpson. Mr. Stimpson is vice-chairman of the board of directors. From February 1999 to December 2005, he served as the chairman. He is the chief manager of Leader Investments, LLC, a private mortgage lending and real estate investment company he owns. Previously, Mr. Stimpson was president of Leader Federal Bank for Savings and Leader Financial Corporation.

J. Kevin Adams. Mr. Adams is the chief executive officer of CB Richard Ellis, a real estate management and investment firm, in Memphis, Tennessee. He has served in this capacity since 1999.

Edwin W. Barnett. Mr. Barnett is the principal owner of Barnett Benefits, LLC, and is an independent agent with AXA/Equitable. He has been in the insurance industry since 1986.

Dr. James H. Beaty. Dr. Beaty is an orthopaedic surgeon and has been chief of staff at Campbell Clinic in Memphis since 1982.

Harold E. Crye. Mr. Crye is president of Crye-Leike, Inc., the largest real estate agency in Tennessee, and co-owner, with Mr. Leike, of a diversified group of real estate related companies. He has been president of Crye-Leike, Inc. since 1976.

Thomas C. Farnsworth, III. Mr. Farnsworth is the president of Farnsworth Investment Company, a family owned business with which he has been associated since graduating from college.

Dick Leike. Mr. Leike is the vice president of Crye-Leike, Inc. and co-owner, with Mr. Crye, of a diversified group of real estate related companies. He has been vice president of Crye-Leike, Inc. since 1976.

Rudi E. Scheidt, Jr. Mr. Scheidt is general partner of Commissum Capital Management, LLC. From 1979 to 2004 he was with National Bank of Commerce, and from 2004 to 2006, with SunTrust Bank of Atlanta, which acquired NBC in Memphis in 2004. He served as president of National Bank of Commerce Capital Markets, Inc., the brokerage subsidiary.

Arthur N. Seessel, III. Mr. Seessel is a private investor. He was president of Seessel's Supermarkets from 1977 to 1997.

Harry L. Smith. Mr. Smith has been chairman and chief executive officer of Schilling Incorporated in Memphis, Tennessee, since 1980. Schilling Incorporated, co-owns with Boyle Investment Company, Schilling Farms, a mixed-use land development, located in Collierville, Tennessee. Mr. Smith is a CPA.

Senior Officers

Brent Chamberlain is a senior vice president and manages the secondary market department for the mortgage division. He has been with the bank since its inception and has 15 years experience in the secondary market industry.

Jim Cochran is senior vice president and manager of the commercial banking division for the bank. He assists medium to large size companies with their commercial lending and treasury management needs. This includes financing for working capital, owner-occupied real estate and change of ownership. Previously, he served as vice president of commercial lending with First Bank in Memphis following four years with Union Planters/Regions Bank.

Stephen W. Crocker. Mr. Crocker is senior vice president, managing the information technology and telecommunications areas. Mr. Crocker has an extensive technical and leadership background in the information technology field. Before joining Magna Bank, he served as a technical consultant, working in many industries, including finance, and for the federal government.

Anne B. Davenport. Ms. Davenport is a member of the Magna Bank management team that opened the bank in 1999. She is executive vice president, managing the bank's operations, human resources and shareholder relations divisions. Ms. Davenport is the assistant secretary to the board of directors. Her 25-year career in bank management has included working at Union Planters Bank, N.A. and at Leader Federal Bank for Savings.

Randy Engel. Mr. Engel serves as senior vice president of the commercial and multifamily real estate lending and mortgage banking division and is responsible for new loan production and investor relations. He is an experienced mortgage banker.

Lisa Foley. Ms. Foley is the executive vice president and retail banking division manager. Previously, she worked as the Memphis-area sales and marketing manager at SunTrust and was responsible for NBC-Memphis' retail branch network. Currently, she manages existing Magna Bank retail branches and expansion plans for new locations.

Holly F. Harrison. Ms. Harrison is the senior vice president and division head of Private Banking. She is an experienced private banker who previously managed the Private Banking/Medical portfolio at SunTrust, formerly NBC-Memphis.

Bob McCullar is a senior vice president and regional production manager responsible for mortgage originations in Arkansas. Previously, he was regional production manager with Pulaski Bank. He has 25 years experience in mortgage originations. He has served as president/director of Memphis Mortgage Banker's Association.

Dianne Payne is a senior vice president and regional production manager responsible for mortgage originations in East Tennessee and Middle Tennessee. Previously, she was regional production manager for GMAC. She has over 30 years experience in mortgage originations.

Lisa W. Reid. Ms. Reid is executive vice president and the mortgage division manager. Previously, Ms. Reid served for 20 years as the regional mortgage production manager for Leader Federal Bank for Savings. She also served as president of the Memphis Mortgage Bankers and president of the Tennessee Mortgage Bankers Association.

Jeanine B. Saylor. Ms. Saylor is a senior vice president and manager of mortgage division operations. She also serves as CRA officer. She has over 30 years experience in mortgage banking operations with federally insured institutions, including Union Planters Bank and Leader Federal Bank for Savings.

Ted Simpson is executive vice president and chief lending officer for the bank. Previously, Mr. Simpson worked at Magna Bank starting in July 2001, in which he served as executive vice president and chief lending officer from August of 2005 until May 30, 2008 at which time he joined First Bank in Memphis, TN as the city President and served in this position until rejoining Magna on July 29, 2009.

B. Frank Stallworth. Mr. Stallworth is executive vice president, responsible for commercial and multifamily real estate lending and mortgage banking division. Previously, he served as president of the western division of Central Park Capital, a nationwide commercial real estate lender.

Nick Sutton. Mr. Sutton is senior vice president and manager of residential construction lending. He assists individual customers and builders with construction and land development loans, which he did for SunTrust and NBC banks.

David C. Wadlington. Mr. Wadlington is executive vice president, responsible for finance and operations of Magna. Previously, he was senior vice president of Union Planters Corporation, co-manager and chief financial officer of Security Check, LLC, and chief financial officer at Leader Federal Bank for Savings and Leader Financial Corporation.