Chairman and president of American Heritage Bank resigns

By Jack King: CNJ staff writer Joel Burdell has resigned as both chairman and president of American Heritage Bank, the bank’s board of directors said Wednesday. Gordon Morris, interim president and acting chairman of the bank, said Burdell and the board came to a mutual agreement about his resignation April 8. “For months, they’ve been […]

Bank alters lending practices

By Jack King A Clovis bank has agreed to reform some of its lending practices after accepting a cease and desist order from the Federal Deposit Insurance Corporation and the New Mexico Financial Institutions Division. Joel Burdell, president of American Heritage Bank in Clovis, said the bank signed a consent agreement with the regulatory agencies […]