JACKSON, Miss–(BUSINESS WIRE)–BancPlus Corporation, the parent company of BankPlus, today announced a leadership succession plan that enables the company to continue to deliver meaningful growth for its customers, communities, teams and shareholders.
B. Bryan Jones III was elected to succeed Thomas G. Peaster as Chairman of the Board of Directors of BancPlus Corporation and BankPlus effective September 20, 2022. Mr. Peaster will serve as Senior Chairman of the Company and of BankPlus, having served as Chairman of the Board of Directors since 1987. “On behalf of the company, I would like to thank Tommy for his leadership as Chairman over the past 35 years and for positioning BancPlus Corporation for continued success “, said William A. Ray, president. and CEO of BancPlus Corp.
In addition, William A. Ray was elected Vice Chairman of the Board of Directors of BancPlus Corporation and BankPlus, and Randall E. Howard will remain Vice Chairman and Lead Director of BancPlus Corporation and BankPlus.
As lead director, Mr. Howard noted that these changes are the result of a comprehensive long-term succession planning process led by BancPlus Corp’s board of directors.
Mr. Jones has been a director of the Company since 2000. At the time of his retirement in 2019, Mr. Jones was Senior Executive Vice President and Chief Private Wealth Officer of BankPlus and had held various senior management positions during his 47 years at the company. Mr. Jones commented: “I have enjoyed the opportunity to serve on the Board of Directors in a number of roles over the past 22 years. Collectively, the Board of Directors and senior management are among the best in the industry, which gives me great confidence in the future success of BancPlus Corporation.
Additionally, Eugene F. “Jack” Webb, Jr., BankPlus’ Chief Banking Officer, was appointed Chairman of BankPlus effective August 1, 2022 and elected to the Board of Directors of BancPlus Corporation and BankPlus effective August 20. September 2022. Mr. Webb will also assume the role of Chief Executive Officer of BankPlus effective January 1, 2023. At that time, William A. Ray, President and Chief Executive Officer of BancPlus Corporation and Chief Executive Officer of BankPlus will continue as Chairman and CEO. of BancPlus Corporation. Mr. Ray’s role will focus on strategic planning, mergers and acquisitions, intrinsic growth and capital management. Under Mr. Ray’s leadership as President and CEO of BankPlus since 1986, BankPlus has grown from $90 million in total assets to over $6.6 billion in total assets as of June 30, 2022 , with more than 90 locations and more than 1,200 employees.
Mr. Webb joined BankPlus in 1996 and has held various senior positions within the organization. In his current position as President and Chief Banking Officer of BankPlus, Mr. Webb is responsible for all revenue generating activities within the organization. “I am very pleased to have this opportunity to take on additional responsibilities,” said Mr. Webb. “BankPlus is an exceptional company dedicated to providing the best banking services to our customers while strengthening communities and adding value to our shareholders.”
“I am delighted that the Board of Directors has recognized Jack for his outstanding leadership over the past 26 years at BankPlus. I look forward to our continued partnership as we work together to grow and build a better future for our team members, customers and shareholders,” said Mr. Ray.
About BancPlus Corporation
BancPlus Corporation is the holding company of BankPlus. Founded in 1909, BankPlus is one of the Southeast’s leading regional banks serving consumers and businesses with the latest technology through a full range of financial services including retail banking, commercial banking, lending mortgages and wealth management. With over $6.6 billion in total assets, BankPlus operates more than 90 financial centers in Mississippi, Alabama, Louisiana and Florida. For more information about BankPlus, visit www.bankplus.net.