15 Minutes With … Ashley Hanna

In her spare time, Ashley Hanna coaches her daughter Rayley’s (far right) Little League team.

Ashley Hanna on the fossil fuels boom in Texas

Vice-President, Audit and Compliance Officer of the $501 Million-Asset
Community National Bank & Trust of Texas in Corsicana, Texas

IB: How long have you been a community banker?

Hanna: I’ve been working as a community banker for 14 years. I actually began my career with Community National Bank & Trust of Texas as a teller while I was in junior college. I took a brief hiatus to get my undergrad, but returned to CNB&T just a week after graduation.

Like most community bankers, I’ve worn many hats. I rejoined the bank in the loan department, then moved into the compliance area and today I’m overseeing the audit department.

IB: Tell me about Community National Bank & Trust of Texas and its marketplace.

Hanna: Our headquarters is in Corsicana, about 45 minutes south of Dallas, in north-central Texas. We recently increased our footprint to 10 locations with the acquisition of First State Bank of Mineral Wells in 2013.

We have a diverse marketplace. The oil and gas industry has historically driven much of the economy, but the area is less reliant these days. Manufacturing, construction and retail businesses dominate the majority of our marketplace, but agricultural production is here as well.

IB: How have new compliance changes affected your bank’s lending?

Hanna: Our lending fundamentals and philosophy have not changed one bit. We’ve always been confident in our underwriting; however, I don’t think it’s a surprise to anyone, but the new mortgage-lending rules have made the entire process more expensive and time-consuming. You have to give each loan the “white glove” treatment to ensure sure you’re not cutting through any red tape. We’ve had to hire a full-time compliance officer to focus strictly on mortgage lending.

IB: What’s something unique about Community National Bank & Trust of Texas?

Hanna: I don’t think any other bank can say this: When we opened our doors in Corsicana in 1964, the furnishings and money used to start the bank were brought into town on a borrowed cattle trailer from rural Richland, Texas. It’s a great story that reminds us here at the bank that we come from humble beginnings.