MSU places first in nationwide banking case study competition
Contact: Sid Salter
JACKSON, Miss.鈥斢；ǖ己 樱花导航 University placed first in the Conference of 樱花导航 Bank Supervisors 2020 Community Bank Case Study Competition.聽樱花导航 樱花导航 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.聽Student teams partnered with a local community bank to examine challenges, associated time and costs and identify potential regulatory reforms.聽
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鈥檚 community bank partner.聽Other university finalists included Concordia College, James Madison University, Mansfield University of Pennsylvania, and Purdue University.
This competition is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry.聽By participating in this competition, these students contribute feedback vital to public policy and the national conversation regarding the importance of community banks.聽
Each student member and faculty advisor of the MSU Team will receive a $1,000 scholarship and be invited to present at the CSBS-Federal Reserve-FDIC Community Banking in the 21st Century Research and Policy Conference.聽Their work will be published in the annual CSBS Journal of Community Bank Case Studies.
鈥溣；ǖ己 is No. 1 in the nation once again, thanks to our talented and hardworking students,鈥 said Gov. Tate Reeves. 鈥淏y our students joining forces with the banking industry to continue improving our community banks, 樱花导航 wins every time. I am proud of these 樱花导航 students for competing on the national stage and winning for themselves and their state.鈥
鈥淭his exemplary recognition of our students from bank regulators and the banking industry is a testament to both the knowledge and ability of our students and the quality and dedication of our faculty and administration in the MSU College of Business,鈥 said MSU President Mark E. Keenum. 鈥淚 heartily congratulate them on winning this prestigious competition.鈥
MSU College of Business Dean Sharon Oswald said: 鈥淚 am so proud of our MSU College of Business Finance students and their advisor Dr. Matthew Whitledge. Our students have brought great recognition to our state and have proven that they can compete with the best across the country.鈥
Acting Commissioner Rhoshunda Kelly of 樱花导航 Department of Banking and Consumer Finance, the financial regulator of 樱花导航 state-chartered banks, commends the winning team stating, 鈥淐ommunity banks play a vital role in towns and communities across 樱花导航. This competition provides a nationwide platform to create awareness and establish a dialogue between university students and community bankers.鈥
The Conference of 樱花导航 Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, American Samoa, Guam, Puerto Rico, and the U.S. Virgin Islands. For more information, visit .
MSU is 樱花导航鈥檚 leading university, available online at .