Community Trust Financial Corporation has announced the appointment of Shreveport, Louisiana resident Farrell J. Malone to its Board of Directors.
Malone retired from KPMG LLP in 2012 after a 38-year career with the firm and has a wealth of experience in accounting and auditing, valuations, mergers and acquisitions, and public company fillings. As the Global Lead Audit Partner for KPMG, Malone worked with numerous multinational clients such as Accenture, CenturyLink, Motorola and Qwest Communications. In addition, he led the audit of the bankruptcy reorganization and reinstatement of the consolidated financial statements of MCI, Inc. (formerly WorldCom, Inc.). He was a member of the KPMG Board of Directors from 2006 to 2010, serving as lead director from 2008 to 2010, and served on the KPMG Governance Task Force, and the Professional Practice, Ethics and Compliance Committee.
“We are very pleased to have Farrell Malone join our Board of Directors,” said Drake Mills, Chairman, President and CEO, Community Trust Financial Corporation. “It is extremely beneficial to add a director to our board with the vast business, accounting and auditing expertise that Mr. Malone brings with his years of experience at KPMG.”
Malone was awarded the KPMG Walter E. Hanson Award in 2005 for extraordinary service to KPMG and its clients. His service has extended beyond the business domain, as well, with roles on the boards of several nonprofit organizations, including YMCA of Northwest Louisiana as its president and Junior Achievement of North Louisiana. He holds a Bachelor of Science from Louisiana State University, and is a member of the Dean’s Advisory Council at the university’s E.J. Ourso College of Business.
About Community Trust Financial Corporation
Community Trust Financial Corporation is a financial holding company with assets over $3.1 billion that provides products and services through online and retail delivery channels, with 35 banking centers in Louisiana, Texas, and Mississippi. The holding company supports the financial needs of individuals, business banking, commercial entities, and governmental agencies through its wholly owned subsidiary, Community Trust Bank. Community Trust Financial Corporation’s common stock is not listed on any exchange and is traded through individually negotiated transactions. Member FDIC. To learn more, visit Community Trust’s website at ctbonline.com.