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Associations Appoint Executives

Recent executive activity at mortgage-related trade groups

July 5, 2010


Trade groups tied to reverse mortgage lenders, U.S. financial institutions and bank leaders in Mississippi all recently announced executive appointments.

The new co-chairs of the National Reverse Mortgage Lenders Association are Cheryl MacNally and John Nixon. The group said its board of directors unanimously elected the two at its Washington Policy Conference during June to replace outgoing co-chairs Joseph DeMarkey of MetLife Bank and Bart Johnson of Life Stages Financial.

MacNally has been with Wells Fargo Home Mortgage since 1993 and in mortgage lending for more than 20 years, NRMLA said. Nixon is reverse mortgage sales support and sales integration executive for Bank of America and has been in the industry since 1976.

Also joining the trade group's executive committee were MetLife bank's Robert Sivori, Mark Browning of HomeChex, James B. Nutter & Co.'s George Lopez and Wells Fargo Home Mortgage's Diane Coats.

The 2010 Distinguished Service Award was given to Bonita Jones at the American Bankers Association's Regulatory Compliance Conference in San Diego last month. Award recipients are selected by 13-member committee of "leading"bank compliance executives.

Jones, who worked at the Federal Reserve for 28 years, operates Bonita Jones & Associates.

BancorpSouth Inc. Senior Vice President and Director of Marketing Randy Burchfield was elected to serve a two-year term as president of the Mississippi Main Street Association, a July statement from the $13.2 billion institution said. The 30-year banking executive will help the association's efforts at downtown revitalization in more than 70 Mississippi cities and towns.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of in 2000.

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