Lou Ann Poynter has been promoted to president and chief operating officer of Magna Bancorp and its principal subsidiary, Magnolia Federal Bank for Savings, Hattiesburg, Miss.

She succeeds David M. Thomas, who retired at the end of June. Mr. Thomas had been president since 1988.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.