Mississippi Story Archive

Governor Reeves announces his appointment for Mississippi Bank Commissioner

March 24, 2021— Jackson, Mississippi – Governor Tate Reeves announced Tuesday that Rhoshunda Kelly will lead the Mississippi Department of Banking and Consumer Finance. Prior to this appointment to Bank Commissioner, Mrs. Kelly served as Acting Commissioner upon the retirement of the previous Commissioner and was appointed Interim Commissioner July 1, 2020.

Governor Tate Reeves stated that “Mrs. Kelly will continue to serve the people of Mississippi well in her capacity as Commissioner of Banking and Consumer Finance. Her experience and dedication to the Department will be an asset to the industry as well as the citizens who utilize the services of state-chartered banks and credit unions across Mississippi.”

Rhoshunda has nearly 20 years of experience as a bank regulator. She was appointed Deputy Commissioner in 2014 and was responsible for supervisory oversight of the banking, mortgage, consumer finance, administration, legal and information technology divisions. In this capacity, she also ensured effective coordination between the state and federal regulators and fostered engagement with regulated industries.

Mrs. Kelly grew up in Reform, Mississippi. She began her career as a bank examiner after graduating from Mississippi State University with a degree in Business and a concentration in Banking and Finance. She was a field examiner from 2001 to 2011. As a field examiner, she assessed the safety and soundness of Mississippi state-chartered banks. In 2012 she became a review examiner and was promoted to the Director of Bank Supervision in 2013.

“I am humbled and honored to serve as the next Commissioner of the Department of Banking and Consumer Finance. I want to thank Governor Reeves for this opportunity to serve the State of Mississippi. We have a vibrant financial ecosystem of banks, credit unions, mortgage companies, and consumer finance industries. This financial network touches every corner of the state.”

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MSU places first in nationwide banking case study competition
June 18, 2020 — JACKSON, Miss.—Mississippi State University placed first in the Conference of State Bank Supervisors 2020 Community Bank Case Study Competition. Mississippi State University, along with 37 teams from 33 colleges and universities in 18 states studied the impact of the Bank Secrecy Act and Anti-Money Laundering (BSA-AML) requirements of community banks. Student teams partnered with a local community bank to examine challenges, associated time and costs and identify potential regulatory reforms.

MSU team members included spring finance graduates Juan Benavides of Greenville; Liam Benson of Auburn, Maine; Byron McClendon of Brandon; Jake Mlsna of Starkville; and senior finance major Kirk Wright of Crystal Springs. Their faculty advisor was MSU Assistant Clinical Professor of Finance Matthew Whitledge. Citizens National Bank, based in Meridian, Miss., was the team’s community bank partner. Other university finalists included Concordia College, James Madison University, Mansfield University of Pennsylvania, and Purdue University.

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