Merchants & Marine Bank Announces New Chief Financial Officer

Pascagoula, Mississippi:  Clayton Legear, President & Chief Executive Officer of Merchants and Marine Bank ("M&M Bank”), proudly announces the selection of Casey Hill as the Bank’s Chief Financial Officer.  Legear remarked, "We are thrilled to have someone with Casey’s incredible work ethic, broad experience and unwavering integrity joining our team.  Casey shares our belief that the future is bright for community banks, and will play a key role in helping M&M Bank pursue our ultimate objective of being a Best-in-Class Bank for our team members, our customers and the communities we call home.”

 Hill, a Mississippi native, joins M&M Bank’s executive team at an exciting time in the bank’s history.  Fresh off a year of improvements in operations, efficiency and customer service, M&M Bank is pivoting yet again to serve the needs of customers and communities wrestling with the COVID-19 crisis. 

Prior to joining M&M Bank, Hill has held a variety of senior and executive banking roles in a broad cross-section of U.S. markets.  He comes to Pascagoula from Austin, Texas, where he served as the managing director of a multibillion-dollar national business unit at one of the wholesale funding banks of the Farm Credit system.  Prior to that, he was chief credit officer at a bank on the west coast that has been consistently cited as one of the top-performing banks in the country. In addition to these posts, Hill has significant banking experience within the markets where M&M Bank operates, including Mississippi and Alabama.

Hill completed his undergraduate studies in banking & finance at Mississippi State University, going on to earn his MBA with honors from the Owen School of Management at Vanderbilt University.  A Mississippi native with extensive family ties to the coast, Hill and his family are "very excited to be coming home.”

About Merchants & Marine Bank

Merchants & Marine Bank (M&M Bank) is a wholly owned subsidiary of Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), a Mississippi based bank holding company.  Unlike most banks, M&M Bank was re-established in the middle of the worst economic disaster in the history of the United States.  Despite those circumstances, in 1932 a small group of Pascagoula citizens saw the potential of the local area, considered the risk of probable failure, and then made the bold commitment to provide dependable financial services to the people and businesses in the area. More than eight decades later, M&M Bank has grown from $25,000 in assets to almost $600 million and from 2 offices to 13 locations in Jackson and George Counties in Mississippi and Baldwin County in Alabama. Along the way M&M Bank has earned numerous awards, including a listing in the U.S. Banker Magazine as a Top 200 Community Bank and multiple 5-Star Superior Ratings from Bauer Financial, Inc.