Bank of Zachary announced last week the retirement of former Chairman/CEO Preston L. Kennedy after 44 years in the banking industry. Family, bank staff and board members recently gathered at the local event venue, Magnolia Fields, to celebrate the career and legacy of a true community banker and his many years of service to the banking sector.
Pres began his banking career at Feliciana Bank in Norwood as a part-time employee while studying at Louisiana State University. After graduating from LSU in 1978 and declining acceptance to LSU Law School, he became a full-time employee of the bank. Pres joined Bank of Zachary as Vice Chairman in October 1999 until December 2002. After a brief stint at another local bank, he returned as Chairman in August 2006, then became CEO in 2011 after the retirement of Harry Morris.
Pres has been a longtime advocate for community banking, beginning his relationship with the Independent Community Bankers of America in 1997. After serving on several committees and elected leadership positions, including treasurer and vice president, Pres was elected president of the national organization in 2019. He has continued to champion the cause of community banks across the country.
Pres spoke of his experience in banking: “I have enjoyed being invested in the progress of the communities we serve. It has been very satisfying to help build the great team at Bank of Zachary and help position the Bank for even greater success in the future. The Kennedy family has been part of Zachary since its founding. I know my ancestors would be very proud that I was the 7th president of the Bank of Zachary”.
Mark Marionneaux, Chairman and CEO of Bank of Zachary, said, “Pres has been a mentor, friend, leader, visionary and one of community banking’s greatest champions. As he leaves his daily duties behind, his legacy will remain here forever.
Pres and his wife Charel have six children between them and 13 grandchildren. He spoke of his impending retirement: “I will continue to help Charel with his business, but I can’t wait to travel and get back to something I loved doing years ago: freshwater fishing.”
Founded in 1904, Bank of Zachary is the oldest state-chartered bank in the parish of East Baton Rouge serving residents, businesses and communities. Bank of Zachary is locally owned and operated. Hometown banking is the mission and specialty of Bank of Zachary. Bank of Zachary is a member of the Federal Deposit Insurance Corporation. The FDIC Standard Maximum Amount of Deposit Insurance (SMDIA) for deposits is $250,000 per depositor, per insured financial institution, for each class of account ownership. The Bank is an equal opportunity employer and an equal opportunity lender. For more information, visit www.bankofzachary.com or call (225) 654-2701.