October 01, 2024
First Community Bank is proud to announce the promotion of Shannon Price to vice president, appraisal review manager, and the appointment of Jonathan Cole to senior vice president, director of appraisal services. These leadership changes are a direct result of the bank’s continued growth, leading to a departmental restructure and expanded responsibilities for Price and Cole.
"I am excited about this new opportunity and I’m grateful for the recognition," said Price. "I look forward to continuing to grow with First Community Bank and to supporting our mission to serve our community."
Price joined First Community Bank in 2016 in the appraisal department and has 10 years of experience in banking. She holds an insurance license and is actively involved in the Brand Council at the bank.
Cole stated, “I am honored by this new title, and I am committed to upholding the highest standards in appraisal management ensuring that we provide the best service to our clients.”
Cole, who began his appraisal career in 2004, brings two decades of professional experience to his new role. He currently serves as the president of the Arkansas Chapter of the Appraisal Institute through which he earned his first of several appraisal designations.
Michelle Reesor, executive vice president, chief risk officer at First Community Bank, shared: “Both Shannon and Jonathan have shown exceptional dedication and expertise in their field. These changes within the department will ensure continued success under their leadership.”
The appraisal department at First Community Bank plays a vital role in risk management by ordering, coordinating, and reviewing over 300 appraisals each month. The department collaborates closely with loan officers, their assistants, the loan review team, and the document preparation department to ensure accuracy and compliance throughout the appraisal process.
SHARE THIS:
