Sam McClatchy named president of First State Bank, Holly Springs


Thursday, November 27, 2008
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Sam McClatchy named president of First State Bank, Holly Springs

Sam P. McClatchy Jr.

J.K. Hurdle Jr., chairman of the board of directors at First State Bank, announces the appointment of veteran banker Sam P. McClatchy Jr. as president of the Holly Springs-based bank.

The hiring followed a unanimous vote of the board at its regularly-scheduled November meeting.

McClatchy brings to First State Bank more than 28 years of banking experience, most recently serving as executive vice president of Paragon National Bank in Memphis, Tenn.

He received his Bachelor of Business Administration degree in banking and finance from the University of Mississippi in 1974. During his career, he has also completed studies at the Southeastern School of Advanced Commercial Lending, conducted at Vanderbilt University, and has completed the Southeastern Commercial Lending School. He has held his Series 6 license through the National Association of Securities Dealers (NASD) and was a licensed Mississippi Life Insurance agent.

McClatchy began his career as assistant treasurer at Cook Industries Inc., Memphis, in 1974, a position he held until 1980. At that time, he began his banking career as a cash management consultant for First National Bank of Chicago and subsequently was affiliated with First Tennessee Bank, First National Bank, Union Planters National Bank and Trustmark National Bank. While at Trustmark, he served as president in Tupelo, Corinth and as North Region president in Memphis. He left Trustmark to assume the position of Memphis Region president of Pulaski Bank & Trust, Little Rock.

Throughout his career, banks managed by McClatchy have shown significant increases in deposits and loans. He has created prototype operations, re-engineered processes within banks and managed cost control systems among his many accomplishments.

He has also been active in professional and civic endeavors, serving as a member of the board of trustees of the Barret School of Banking, a member of the board of directors of the MidSouth Chapter of the American Red Cross, and as past chairman of the board of trustees of the Southeastern School of Commercial Lending.

“We are delighted to welcome Sam McClatchy to First State Bank as our new president,” Hurdle said. “For many years, he has crafted an enviable banking resume which reflects his commitment to growth through service. Our customers and community will be well-served by his presence here, and First State Bank will move forward in many areas of our operations, at a rapid clip.”

“I am honored to assume this leadership role at First State Bank,” McClatchy explained. “We have enjoyed a long tenure throughout the Holly Springs area but, in my estimation, we can improve our operations and service delivery systems. I look forward to helping this fine institution to grow and continue to prosper in a manner conducive with the finest traditions of true community banking; and to be safe, sound and secure in these challenging times.”

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