Carl Chaney, a former co-chief executive of Hancock Holding, has joined JTS Capital Group as vice chairman.

Chaney will focus on new loan acquisition sourcing and portfolio management for JTS, an alternative credit acquisition and management company in Waco, Texas.

Chaney left the $22 billion-asset Hancock in November after serving as co-CEO at the Gulfport, Miss., company since 2006. Chaney was Hancock's chief financial officer from 1998 to 2006. His departure as co-CEO had surprised Hancock's shareholders.

In addition to his new position at JTS, Chaney is a director of Mississippi Power, an energy utility owned by Southern Co.

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