New company to buy Bank of the South'...

New company to buy Bank of the South's parent

There are 46 comments on the The Clarion-Ledger story from Jun 29, 2007, titled New company to buy Bank of the South's parent. In it, The Clarion-Ledger reports that:

“I think he can lead the charge”

A newly formed Mississippi-based bank holding company announced Thursday plans to purchase BancSouth Financial Corp., parent company of Crystal Springs-based Bank of the South. via The Clarion-Ledger

Join the discussion below, or Read more at The Clarion-Ledger.

Dionne

Montgomery, AL

#21 Nov 16, 2007
I bumped into Ralph Olier at my favorite breakfast place......Starks. We had breakfast together. We talked banking. Ralph helped me several times during my daughters college years. He's way over my head on the politics of banking in Mississippi. He didn't say much about the changes at the Bank of the South. I got the feeling he knew he did a good job at that location.

We did talk about the brick painted white. No answers on that decision.

Yesterday, I opened a new commercial checking account with Bank of the South. It's the same bank with the same friendly people. I like that.
Tomato Queen

Monroe, LA

#22 Dec 30, 2007
Ron, I just wanted to give me experience in the bank. I met with the new loan manager, Dan about moving a small loan I had with the bank. To say the least he was, what I would call very desperate to do anything to keep my loan. After talking for a while he ended up cutting the rate on loan to what the bank I was going to move the loan called a "stupid number". So, If you have any loans go ASAP to get this guy to cut the rates. Believe me it was very easy. I saw a board member while getting gas in hazlehurst the other day and just had to rub in the fact that I worked his banker over. He was not very happy about Dan at all. He told me never to go to the crystal springs location for anything. He told me the Hazlehurst branch would handle everything for me in the future. He said he would call the Hazlehurst branch to make sure of it. After talking for a minute or two the last thing he told me was we have got to get to rid of that guy. So long story short, get your rates reduced while you can. It did not sound to me like he was going to be around long.
Dionne

Collinsville, MS

#23 Dec 31, 2007
Good morning TQ......thanx for the info. I only have one loan remaining with the Bank of the South. On a commercial property. It's very close to pay off. I've never met Dan....I guess he's the guy sitting in Ralphs old office? Rita has been great for us lately....got a nice referal on a hardwood floor through her. Take care....Ron.
Jay

Florence, MS

#24 Jan 24, 2008
I've enjoyed reading all the posts. Here is a bit of info for all to consider. Bank of the south had a rather large rotten tree fall and destroy some of the property next door to them back in July of last year. Dan promised to take care of everything and to date has done NOTHING! Is this the kind of people you want handling your business.
Dionne

Collinsville, MS

#25 Jan 24, 2008
Who is Dan? Is that the new guy sitting in Ralphs old office reading the newspaper? We've only had one problem with the Bank of the South.....it happened last week. They have been experiencing problems with the computer system. Don't get stuck in Jackson with just your debit card.....especially when you need fuel. When their puter goes down.....your debit card is useless. You'll find yourself scrounging around for enough change to buy a gallon of gas to get home. It certainly got my attention. I asked. They readily admitted an ongoing problem for several weeks with the system. Bummer.
Logic Police

Durham, NC

#26 Feb 22, 2008
"Happy" made the comment, "if you have something to say, voice your opinion, if not, shut your mouth" Very good point, as those who have nothing to say will obviously not open their mouth...
Dionne

Collinsville, MS

#27 Feb 25, 2008
"Logic Police".....that's hilarious. Let me guess? Your a logic major?

We've got several people in here that seem to be experts with the Bank of the South. But they are hiding behind made up names. What's wrong with this picture?
bashful

Jackson, MS

#28 Apr 23, 2008
DivaD wrote:
<quoted text>
Do you have information to share as to your comment?
I found the area and the people charming..its rather upsetting to read your words.
Read the newspaper.....Drug dealers roam freely and the lawful are pursued. The criminals are working deals with the police and getting away with close to murder (raping children, DUI offenses, dealing, etc.). Yes, I know from experience. I have lived there for 30 years and have NEVER seen it this bad.
Banc

Hermanville, MS

#29 Aug 5, 2008
Dionne, Is the guy known as Dan still in Ralph's office? I had a $50 bet with a banker in McComb that he would not be at the bank once the group from Regions bought the bank. Thanks for the info... Banc
Katfud

Collinsville, MS

#30 Aug 6, 2008
Banc....I have not seen him lately. Not sure. I have banking to do later today.....I'll take a closer look.
Dionne

Collinsville, MS

#31 Aug 6, 2008
Hey Banc....you lost $50. I s/w several persons today at the C.S. office. There is not going to be an operations center at that location. Three more Bank of the South branches will be opening....to include Memphis. Kudos to someone earlier in this thread that noticed the potential of this happening!

I was told the faces will remain the same and lending power will increase.

I studied banking principles in college. It sounds like there is a solid business plan in action.

If any of the Bank of the South employees read this and know me....I want to say thank you for your continued effort.
Dionne

Collinsville, MS

#32 Oct 11, 2008
Whew!!! Bank of the South has turned into just another wannabe big city bank. In just a few months....faces of employees have changed and morale has hit bottom. Employees at the Bank of the South are now mixing personal business with banking business. Huge mistake.

Last week I made the decision not to do any personal work for Bank of the South employees. The reasons are numerous. Primarily because some folks just don't know how to listen. Rita.....you don't put 12" floor tile on counter tops. You change your mind like I change my underwear and then you become upset when something doesn't work out. Lynn.....you don't get large estimate requests for free. Just because I unplugged your sewer line for a mere $54 does not mean you can push for freebies. I was only trying to help you out during a time of your difficulty.

But most of all ladies......NEVER approach my wife with my business and make her cry while she's on her way to yet another chemo treatment.

SHAME ON YOU!!!!!!!!!!

I am very angry. Hopefully I'll never have to look at your faces again. Early next week I will end all banking business with Bank of the South.
I will pay off my commercial building loan, close my business checking and close my personal savings. I'm done with y'all.
Customer Contact

Southaven, MS

#33 Feb 7, 2009
To: Chairman -William Madden, President Curt Gabardi, and Daniel McDill, please review the attached document.
December 27, 2008
To: Daniel E. McDill, Senior Managing Director Metropolitan Bank
Cc: Curt Gabardi, Metropolitan Bank President
From: Loan #186694 --1008 Bratton St. Jackson, Mississippi 39203
Mr. McDill, I received of your letter December 20, 2008, dated December 18, 2008, demanding full payment of my home loan in the amount of $27,188.90 in the attached letter it states that I have not made a payment since October 15, 2008, and I have not contacted you.
I would like to inform you that my family has been suffering over the last few months, because our home has no heating, air or ventilation system, moreover my three teenage daughters and I have all had to resort to staying in the living room of the house, because it has a small antique heater in it. I used my mortgage money to purchase three space heaters, and unfortunately approximately 20 minutes after cutting them on, the electricity in the entire house cuts off, due to the electrical problems in my home. Hence that attempt to heat the home was in vain.
I had to purchase coats for my daughters to wear when they walk through the rest of the house because the temperature has been near or below freezing inside the house, with the exception of the living room. I had previously purchased four gas wall heating units to heat the house, and they all burned out because the house is not ventilated, and not enough oxygen is circulating, also the heaters were equipped with an oxygen depletion system which cuts the units off when carbon dioxide is present.
Also in regards to the home loan payments, I paid $140.00 to take the GRE for graduate school, unfortunately I was not allowed to receive the full loan I anticipated this term, which would have taken care of my mortgage payments because, at our last arrangement you demanded all the money I had available on hand, and refused to place any of the due notes on the end of the contract, which left me no cash on hand, I could not afford to take the GRE prior to the start of the semester, and I was placed as a provisional student, until the GRE was on file.
To address the issue regarding my failure to contact you, I hesitated because during our last conversation, you reiterated the fact that my credit was bad, and that I would not be able to finance another home if I lost this one, all before you finally agreed to accept my payment. I in error failed to call you because I did not want to be degraded upon asking for an extension, and I erroneously hoped that I would be able to bring up my home loans in January 2009, prior to receiving a final demand for payment. I divorced my ex husband because of psychological abuse, and my conversation with you reminds me of how when I would ask him for something he would verbally abuse me first, and then relent to my request. I along with several members of our society, from all walks of life, am experiencing financial difficulties. Metropolitan Bank, may also experience some financial pressures due to the recession that we our experiencing, therefore I implore you to take careful evaluation of the terminology you choose to use with your customers, one day the corporation in which you work for may find it self in a similar situation, and the last thing you are going to want to hear is degrading remarks about your financial situation, regardless of how true they may be. Moreover if your financial backer demands all available cash you have on hand, how would Metropolitan survive the next month, a financial arrangement should if done in good faith, and work for the benefit of both parties in question, otherwise it is like putting a small bandage on a hemorrhaging wound.
conclusion follows immediately below...
Customer Contact

Southaven, MS

#34 Feb 7, 2009
I purchased this house with the assistance of your predecessor Bank of the South, unfortunately I was naive then, uneducated and I depended solely on the truthfulness of Jere Nash, who represented Stewpot Community Services. I was given in writing a document that states they would renovate the house, and they did not honor that document after they received the check from bank of the south. I contacted Linda Westmoreland with bank of the south and requested a copy of the inspection that was done on the home, and I learned that no inspections were done on the homes on Bratton St., located in Jackson, Mississippi, that Stewpot sold homeowners through Bank of the South. Hence I do not have to tell you that several of the homeowners have elected to foreclose, file bankruptcy, or simply walk away.
I Mabel Allen would like to notify you of the condition of the shell of a house I purchased, and currently live in, please review the following;
Foundation is failing, causing the house to fall and shift to the right, and the back of the house is literally buckling in, with bricks popping out from the pressure. Window panes are shifting which has lead to three broken windows in the back, which are still out.
The electrical system is haywire in the house, and it has caught on fire, I have taped several electrical switches down, so that my children will not turn the switches on to prevent another fire.
The roof is leaking in several places in the house, and when it rains I place buckets down to catch the water, and have to wait a couple of days to use electricity in certain rooms after it rains to prevent wet wires from catching fire.
The house does not have any ventilation system.
No central air or heating system.
The only thing separating the floors from exposure to the mold infested dirt basement is a thin, weak, wooden floor, which is buckling under pressure. I placed ceramic tile in the kitchen and the bathrooms because the wooden floor was literally caving in, and Ameal Barnes an individual employed by Stewpot Community Services, simply went under the house and attempted to prop the floor up with a board.
Several walls within the house are cracking under pressure from the shift in the foundation.
The plumbing in the house needs a complete overhaul, I have two bathrooms, and one of which has never been used due to the plumbing.
There are several other issues with the house that are minute in comparison to the ones I have noted, so I will go no further with the descriptions.
In conclusion I would like to state that I have taken a moral stance to make an avid attempt to uphold my end of the contract that I signed on this house; I have educated myself since I was tricked into buying this money pit, I have since received my Associates Degree in Criminal Justice, Bachelors Degree in the Administration of Justice, and half way trough to completing my Master’s Degree in the Administration of Justice. I have met with the city council in reference to Stewpot Community Services, and the sale of the homes on Bratton St., Frank Spencer director of Stewpot was admonished by the council, and advised to get out of the home selling business, Mr. Charles Tillman walked through my home and was appalled at the condition in which it was sold, and Stewpot’s failure to honor it’s commitment to renovate it.
I would like to state that if you as stated in your letter refuse to accept payment from me at the end of January to catch up the note, it is not I that is walking away from my responsibility, and it would be Metropolitan Bank who voids the contract. I am well aware of my credit history, and that is why I have made the decision to start over, educate myself, and become gainfully employed, so that I can set an appropriate example for my daughters, and clean up my credit.

continued below...
Customer Contact

Southaven, MS

#35 Feb 7, 2009
I am not in a position to tell representatives of Metropolitan Bank to request home inspections on the property’s they finance, however I can suggest that it may prevent Metropolitan from getting involved with another agency such as Stewpot Community Services, who shows more that an hint of impropriety of operating as a money spinner organization.
I do not have a telephone due to the finances I have spent on home heating the last couple of months, and to keep individuals out of my personal affairs I do not use a contact number. Therefore I will wait for your written response to this letter, or I can make myself available to meet with you at your convenience, at the Flowood branch.

I posted this blog in hopes to prevent other homeowners from falling into the same trap as I have, please get home inspections, and work with respectable agencies only.

Respectfully yours, Mabel O. Allen
In Gods Grip--126
Customer Contact

Southaven, MS

#36 Feb 7, 2009
In conclusion I would like to state that I have taken a moral stance to make an avid attempt to uphold my end of the contract that I signed on this house; I have educated myself since I was tricked into buying this money pit, I have since received my Associates Degree in Criminal Justice, Bachelors Degree in the Administration of Justice, and half way trough to completing my Master’s Degree in the Administration of Justice. I have met with the city council in reference to Stewpot Community Services, and the sale of the homes on Bratton St., Frank Spencer director of Stewpot was admonished by the council, and advised to get out of the home selling business, Mr. Charles Tillman walked through my home and was appalled at the condition in which it was sold, and Stewpot’s failure to honor it’s commitment to renovate it.
I would like to state that if you as stated in your letter refuse to accept payment from me at the end of January to catch up the note, it is not I that is walking away from my responsibility, and it would be Metropolitan Bank who voids the contract. I am well aware of my credit history, and that is why I have made the decision to start over, educate myself, and become gainfully employed, so that I can set an appropriate example for my daughters, and clean up my credit.
I am not in a position to tell representatives of Metropolitan Bank to request home inspections on the property’s they finance, however I can suggest that it may prevent Metropolitan from getting involved with another agency such as Stewpot Community Services, who shows more that an hint of impropriety of operating as a money spinner organization.
I do not have a telephone due to the finances I have spent on home heating the last couple of months, and to keep individuals out of my personal affairs I do not use a contact number. Therefore I will wait for your written response to this letter, or I can make myself available to meet with you at your convenience, at the Flowood branch.

I posted this blog in hopes that another family will read it, and not fall victim to predators in the hosing market. Also alongMetroploitan Bank Represenativesfailed to respond to my e-mails.

Respectfully yours, Mabel O. Allen
In Gods Grip--126
BallyHoo

Moscow, TN

#37 Feb 7, 2009
How did you get a Master's degree with such poor writing and spelling skills? Maybe you went to Jackson State? Your post is full of your personal problems that no one really cares about. You appear to refuse to accept responsibility for any of your problems. You don't get graduate loans to pay your mortgage you get graduate school loans for school. Finally, home inspections are strictly the responsibility of the buyer. Why don't you stop blaming everyone else for your misfortunes and take a long look in the mirror?
Jimmy

Uvalde, TX

#38 Sep 8, 2009
What happened to the clown that was in Ralph's office? I have not seen him the last couple of times I have been in the bank. Rita did call me a couple months ago and said she is now President of the bank?? Just wanting to know what has happened to a once great bank. Thanks..
BigSweet

Sontag, MS

#39 Feb 16, 2010
I would like to know when will we be able to check our balance and other things online? I pay most of my bills online and I while I'm online I would like to be able to check on my account without having to wait on my bank statement. Or is this already possible.
Katfud

Collinsville, MS

#40 Apr 11, 2010
I was in Bank of the South, Crystal Springs last week. I was asking for change....I needed to break a $100 bill. The teller told me that they did not make change for non-customers. No questions. Just an immediate response. I had to advise her we had 2 checking accounts and a savings. She was really rude. The old Bank of the South no longer exists. It's a shame.

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