texas bankers association annual convention, mills named ...€¦ · texas bankers association...

Volume 136, No. 17April 26, 2010

In This Issue...Drill, Baby Drill - Mystery Boxes Create Unhappy RentersFeature..............................................3

The Security National Bank of Enid, OK, Celebrates 75 Years...10

Charter Activity............................12

Classified.......................................13

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Texas Bankers Association Annual Convention, May 5-7 in San Antonio to Feature Newt Gingrich

Arkansas Bankers Association’s 120th Convention Set for May 5-7, Hot Springs Convention Center

Mills Named SVP/CFO, First American ArtesiaEverett Crawford, chairman/CEO of First American Bank, Artesia, NM,

announced that Brett Mills has joined the bank as senior vice presi-dent and CFO. Mills serves in the corporate headquarters for First American Bank. He will be

managing a staff of 16 and overseeing all accounting and mortgage origination operations. Mills has over 22 years of experience in banking, serving previously as a senior vice president and CFO of a community bank in Tampa/St. Petersburg, FL. A native New Mexican, Mills earned a BBA degree from New Mexico State University in 1989. He has completed banking courses from American Bank-ers Association and is a graduate of the Western States School of Banking at UNM and the Graduate School of Banking at University of Wisconsin in Madison Q

Mills

The Texas Bankers Association has announced its annual convention is set for May 5-7 at the JW Marriott San Antonio Hill Country Resort and Spa. The convention activities include edu-cation programs featuring top-notch speakers and banker roundtables. By popular demand, the keynote speaker will be former Speaker of the House of Representatives Newt Gin-grich, who last addressed the conven-tion in 2007. His presentation will fo-cus on the anti-business environment in Capitol Hill and will offer his out-look on the economy, politics, and life in general. In addition to Gingrich, other con-vention speakers include Ed Seifre-id, dean of the VA and WV banking schools, and author Brian Grubb, corporate director of learning and

content delivery for The Ritz-Carlton; Martin J. Gruenberg, vice chairman of the FDIC; Ed Yingling, president/CEO of the ABA; and Air Force Capt. Scott O’Grady. The convention activities will begin with a golf tournament on Wednesday morning, May 5, followed by an after-non exhibit hall reception, and eve-ning TIB Toast to Texas event. The opening general session is set for Thursday morning, May 6, followed by the the 50-Year Banker Awards lun-cheon, and afternoon desert reception and regulator session. Friday’s general session will feature keynote speaker Gingrich, followed by an afternoon banker roundtable dis-cussion. The evening’s activities in-clude live/silent auctions and the an-nual TBA Chairman’s Dinner Q

The Arkansas Bankers Association will host its 120th annual convention & tradeshow May 5-7 at the Hot Springs Convention Center in downtown Hot Springs. The convention headquarters will again be at the Embassy Suites Hot Springs Hotel & Spa. The convention activities kick off on Wednesday, May 5, with a golf tourna-ment at the Hot Springs Country Club, followed by an evening reception and silent auction. The association’s annual business session is set for Thursday morning, May 6. Speakers include Arthur C. Johnson, chairman of the American Bankers As-sociation; Lyn Farrell, risk management expert with Sheshunoff Consulting; Dr. Scott McDonald, president/CEO of the Southwestern Graduate School of Bank-

ing at SMU; and motivational speaker Steve Gilliland. The chairman’s eve-ning reception/banquet and entertain-ment round out the day. Activities begin on Friday, May 7, with the traditional Simmons Straw-berry Breakfast, followed by the ever popular Day with the Commissioner, hosted by Candace A. Franks, bank-ing commissioner. Speakers include Thomas Dujenski, FDIC Dallas region director; Julie Stackhouse, senior vp, Federal Reserve Bank of St. Louis; Kathy Deck, director of business and economic research, University of Ar-kansas; and Honorable Mike Beebe, AR governor, who has been invited. The tradeshow will be open on Wednesday evening and Thursday morning through lunch Q

BANKERS DIGEST April 26, 2010

Bankers Digest®

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p e o p l e TeXAS

McCauley Is Senior EVP, Frost in San AntonioAccording to Don Frost, region presi-dent of Frost Bank-San Antonio, the

bank has promot-ed Cliff McCauley to senior executive vice president. His responsibil it ies include managing the correspondent banking line of business. He joined Frost in 1981.

McCauley has also served in commercial lending and has been responsible for trea-sury management sales. He currently serves on the board of the IBAT as past chairman. He also is vice president of the board of the South Texas Higher Education Authority and is a member of the payments and technology com-mittee of the ICBA. He holds both bachelors and masters degrees from Texas A&M University Q

Sebesta

Bank of Houston has appointed Roger Sebesta CFO and promoted Andrew

Sebesta and Novarini Named, Bank of HoustonNovarini to senior vice president of lending. Sebesta most recently served as

SVP/treasurer for First Community Bank, Sugar Land. He holds both BBA and MBA degrees from the University of Houston and is a chartered financial analyst. Novarini will focus on the mid-dle market and healthcare financ-ing needs in north Houston. He joined the bank in 2008. Previously, he served at Trustmark National Bank. He holds both BBA and MBA degrees

from Mississippi State University Q

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F e A T U R e

ByDavid McGuinn, PresidentSafe Deposit Specialists

Houston, Texas

(continued on Page 15)

SAFE DEPOSIT BOXES

Drill, Baby Drill - Mystery Boxes Create Unhappy

Renters

B D

FEATURE

When an indi-vidual enters a financial institution to rent a safe deposit box, this person

has certain expectations. By the very nature of the term “safe deposit box”, he assumes that he is renting a box in which he can deposit his valuables in a safe place within this facility. Since he is renting from a financial institu-tion, he expects ethical, highly trained personnel who will do their utmost to protect his valuables with dedication, integrity and professionalism. He also should know that, although his box contents are not insured, the fi-nancial institution must meet specific state, federal and OCC safe deposit regulations, guidelines, and national-ly accepted procedures, all designed to safeguard his property. Fortunately, in the vast majority of cases, all of these expectations are met. However, over the past few years, many financial institutions have been acquired by other larger institutions and this trend is escalating. As these acquisitions, mergers, branch clos-ings, and consolidations of records, equipment and personnel are occur-ring, serious mistakes are resulting. In all the confusion and flux created by relocations, records such as lease agreements, access forms, and com-puter records are being lost or de-stroyed. Faulty key control can also be a problem, and all of this may result in a phenomenon known in safe de-posit circles as “mystery boxes”. When a box renter enters his fi-nancial institution and requests ac-cess to his safe deposit box, he may find, to his dismay, that his box is no longer located in the vault of the fa-cility from which it was rented. The employee may be clueless concerning

its whereabouts. Without the proper documentation that can lead to the box’s present location, the renter now has a “mystery box’. Mystery boxes fall into two catego-ries. The first category is boxes that have no key or contract. The second category is boxes that have a con-tract, access record, and keys that are found in the unrented key storage area. Sometimes safe deposit boxes from many locations are brought to a central vault area. If these boxes have no activity over an extended period of

time and/or records, contracts, and keys have been lost, the financial in-stitutions could find themselves in the unfortunate position of being in pos-session of a renter’s unclaimed prop-erty. These “orphaned” boxes must be drilled, inventoried and the contents stored in yet another vault location until, hopefully, the property and the owners can be reunited. When renters discover that their boxes and their valuables are in lim-

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According to Don Frost, region presi-dent of Frost Bank - San Antonio, the bank has promoted Stacy Pozza to vice president, corporate banking, Park North Financial Center. Pozza, who joined the bank in 1999, earned a BBA degree from The University of Texas at San Antonio. Blake Halbardier was promoted to assistant vice president, commer-cial real estate lending, Downtown San Antonio. Halbardier, who joined the bank in 2008, earned a BBA degree and a masters of land economics and real estate degree from Texas A&M University. Maria Medina was promoted to as-sistant vice president, item processing statewide support, Texas Processing Center. She joined the bank in 1994. Derek Rosson was promoted to assistant vice president, corporate banking, Park North Financial Center. Rosson, who joined the bank in 2006, earned a BBA degree from Texas A&M

University and a masters degree from The University of Texas at San Antonio. Meagan Upshaw was promoted to assistant vice president, special assets, Downtown San Antonio. She joined the bank in 2005. The bank has appointed Keith A. Barber audit officer, Downtown San Antonio; Chelsea Ramirez automa-tion officer, business support group, Downtown San Antonio; Aaron Sand-ers audit officer, Downtown San Anto-nio; Alice Aguillon personal banking officer, South Central Financial Center; Belinda G. Ozuniga automation of-ficer, I.T. Project Management, Down-town San Antonio; Andrew Martinez personal banking officer, Downtown San Antonio; Balamurugan Ponnusa-my automation officer, E-Commerce & client/server programming, Downtown San Antonio; Lee Patterson relation-ship banking officer, corporate bank-ing, Downtown San Antonio; Royal Kyle audit officer, Downtown San An-

tonio; and Tiffany R. Terrell personal banking officer, Park North Financial Center Q

Frost Bank San Antonio Promotes Pozza, Halbardier, Median, Rosson, Upshaw, & Others

Retired Rockport Banker John Curtis Goodman DiesJohn Curtis Goodman of Refugio died on April 2 at age 89. He was a retired career banker. Goodman was born on February 18, 1921. He was a U.S. Army veteran serv-ing during WWII in the Panama Canal Zone. After the war, he joined Citi-zens State Bank in Lometa (Lampasas County) where he served first as ca-shier and later as president. He moved to the Gulf Coast town of Rockport in 1975 and was named vice president of a new bank charter, Live Oak State Bank, which opened in 1974. He served with the bank, which was later acquired by Houston-based Allied Bancshares and renamed Allied Live Oak State Bank, until his retirement in 1984 Q

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after serving with Bank of America. The 25-year bank-er began his bank-ing career in 1984 at Allied Bank in Houston. He is a graduate of The University of Texas at Austin Q

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Montgomery Is BBVA Compass Houston President

Todd A. Martin has joined Texas Cap-ital Bank, N.A., in San Antonio as se-nior vice president in the treasury and liquidity services division. He joins the bank from JPMor-gan Chase where he was vice presi-dent. He has more than 23 years of experience advis-ing clients and delivering comprehen-sive treasury solutions. Martin earned a BBA degree at Tex-as A&M University and an MBA degree at Sam Houston State University. He is active in the San Antonio communi-ty, including San Antonio Association of Finance Professionals. Texas Capital has also hired two experienced bankers in the Fort Worth area. Rusty Anderson has joined as ex-ecutive vice presi-dent for corporate banking. A veteran banker, he previous-ly served with Wells Fargo Bank where he was responsible for commercial banking business development. Anderson re-ceived a BA degree from the Univer-sity of Texas at Austin and an MBA de-gree from Texas Tech University. He is in Leadership Fort Worth, received the 2005 Forty Under Forty Award, and re-cently served on the March of Dimes, Communities in Schools, and Down-town Fort Worth YMCA boards. James Hill has joined the bank as a vice president in commercial lend-ing. Prior to joining Texas Capital, he served in the commercial banking group at OmniAmerican Bank in Fort Worth. Hill holds a BBA degree from the Honors Business Program at The Uni-versity of Texas at Austin and an MBA degree from TCU Q

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BBVA Compass recently appointed Mark W. Montgomery Houston city president for the commercial banking unit, which includes commercial bank-ing, large middle market, commercial real estate, and residential real estate. He assumed the post from Jim Recer who became director of asset recovery management and solutions. Montgomery joined the bank in 2008 Montgomery

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p e o p l e TeXAS

Tribble Retires from Dallas Fed After 38 Years of Service

McCallum Joins Community Bank as Mortgage Lender

W. Arthur Tribble, known affection-ately as “Mr. Institutional Knowledge,” retired from the Federal Reserve Bank of Dallas on April 1 after 38 years. At retirement, he was a vice president in the Financial Institution Relationship (FIRM) Department. During his long career with the bank, he served in the following functions: legal, public affairs, banking supervi-sion, discount and credit, and finan-cial industry studies. He also served as associate secretary to the board and assistant ethics officer. Tribble, an attorney by training, joined the Dallas Fed in 1971 when P.E. Coldwell was president. While serving at the Dallas Fed, he was ac-tive in the Dallas arts community. Tribble was in New York City at the Federal Reserve Bank of New York, a few blocks from the World Trade Cen-ter, on September 11, 2001 Q

Mike McCallum, president of Commu-nity Bank Granbury, announced the addition of Sharon McCallum as the “Eastside” (Dallas, Garland, Rowlett, and Rockwall) mortgage loan officer for Community Mortgage. She serves in the Community branch at 201 E. Kaufman in old town Rockwall. McCallum has over 22 years of mortgage industry expertise and has served as president and senior loan officer of the family-owned mortgage brokerage, Choice Mortgage Inc. of Rockwall since 1989. McCallum attended The University of Texas at Dallas. An active member of many civic organizations, she has served on the board of directors of the Rowlett Chamber of Commerce and is a current member of the Metro Tex As-sociation of Realtors Q

Williamson Is CEO, Calley President, West TX State Mark Williamson, former market president for First Community Bank in Meridian, was recently named CEO of West Texas State Bank, Snyder. The bank has also named former senior executive vice president and cashier Darryl Calley president. Williamson replaces Eddie Hedges

as CEO. Hedges served as president/CEO since 2006 until his retirement effective December 31, 2009. Williamson served as president of Bosque Bank from 1997 until it was ac-quired by First Community’s parent in 2006. He began his banking career in 1977 and served with two other banks

prior to joining Bosque Bank. Calley, a 25-year banker, joined West Texas State in 2003. He began his banking career with Snyder National Bank in 1984 and later served as CFO of Texas Savings Bank in Snyder Q


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Southwest Bank, Fort Worth, has an-nounced it has hired Julie Fuller Jones as senior vice president in charge of small business lending at the Trail Lake Banking Center at 3737 SW Loop 820 in Fort Worth. Jones has 15 years of banking ex-perience, 13 in SBA lending. Before joining the bank, she served at Comerica Bank, Compass Bank, and The Associates (currently CitiGroup Financial). She received a bachelor’s degree from the University of Texas at Arlington Rosie Balbo, who joined the bank as a vice president in 2008, was promoted to senior vice presi-dent and com-mercial lender at the Hulen Banking Center. She is a 27-year banker. Southwest Bank has also an-nounced the recent promotions of six bankers at locations across North TX. Karen Appel, an employee since 2008, was promoted to assistant vice-president and senior human resourc-es generalist. Bette Childress, an employee since 2007, was promoted to assis-tant vice president and commercial lending representative at the Saginaw Banking Center. Susan Hampton, an employee since 2007, was promoted to assistant vice president and legal services manager. Ashley Russell, an employee since 2007, was promoted to assistant vice-president and treasury management support officer. Brent White, an employee since 2007, was promoted to vice president and commercial lender at the Fort Worth Club Banking Center Q

Jones

Gruver State’s Vice Chairwoman Janet Sutherland Irwin DiesJanet Sutherland Irwin, of Gruver, died on April 1 at age 80. She was born on July 2, 1929, in Windsor, MO, and was the widow of former Gruver State Bank chairman Kenneth E. Irwin, who died on September 8, 2009. Irwin was serving as vice chairwom-an of the bank and GSB Bancshares Inc. at the time of her death. She held music degrees from Chris-

tian College in Columbia, MO, and Cen-tral Missouri State University in War-rensburg, MO. After marrying in 1950, she moved to Gruver and became a mu-sic teacher in the Gruver public schools where she continued until 1972. She is survived by four children, who are directors of the bank. One of her grandsons, K. Kyle Irwin, is presi-dent/CEO of Gruver State Bank Q

Jones Joins Southwest Bank as SVP/SBA Mgr

Balbo

Page � BANKERS DIGEST April 26, 2010

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Centennial Taps Hignight, Turner, Stewart; Ups MordenTommy Hignight and Lance Turner have joined Conway-based Centenni-al Bank as vice president and lending officers. Hignight serves in Cabot and Turner in Jacksonville. Both bankers previously served at First State Bank Lonoke. Janet Morden has been promoted to vice president in the bank’s lending department in Cabot. Gregory Stewart has been hired as a training director. He will serve in Conway and Cabot markets Q

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M&I Bank, Tempe, AZ Region, has an-nounced the promotion of Jerrod Lo-gan to branch manager of the 526 S. Mill Ave. location. He joined M&I in 2005 and earned a bachelor’s degree in mathematics from Benedictine Col-lege. He serves as a board member for AMEN21 Inc. Glen Mitchell, vice president, branch manager, was transferred to the Priest Dr. location in Tempe. Mitch-ell, who previously served as branch manager at the Mill Avenue location, has served with M&I since 1996 and has more than 30 years of experience. He serves on the board of directors for the Downtown Tempe Community. Cristina Crozier-St.Clair has been appointed vice president, preferred banker serving the West Valley market. Prior to joining the bank, she served as a Premier banker with Bank of America. She has more than 12 years of experience Q

ARIZoNAM&I Bank Promotes Logan, Taps Mitchell & Crozier-St. Clair

OMNI BANK, New Orleans, has an-nounced that it has strengthened its trust line of business with the hiring of Melissa S. Sims as a trust officer in the bank’s trust department. Sims will ad-minister accounts for clients, including personal and IRA trusts, custodial ac-counts, and corporate bond issues. She joins the bank from Snell & Wilmer, LLC, of Costa Mesa, CA, where she served as an attorney. She received a bachelor’s degree from the University of Colorado and a law degree from the University of California in Davis Q

OMNI BANK Names SimsTrust Officer in New Orleans

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Retired Helena Banker James A. Early Dies at Age 75James A. Early of Hot Springs Village and formerly of Helena, died on March 27 at the age of 75. Early was born in September 1934 in West Helena. He served 33 years with First National Bank of Phillips County/Phillips National Bank retiring in 1989. He retired holding the position of se-nior vice president and loan officer.

After his banking career, he worked for Metropolitan Life Insurance, retiring a second time in 1996. He attended Arkansas A&M Univer-sity in Monticello and was a graduate of the Banking School of the South at LSU in 1964. Early was active in the Kiwanis and Gideons International Q

Arvest Bank Names Crowley Mortgage Lender in Tulsa CoKarol Crowley has been mortgage loan officer at Arvest Bank in the Tulsa County market. Crowley has six years of banking experience and 20 years of real estate industry experience. She previously served as a home mortgage consul-tant for Wells Fargo Home Mortgage. She is a member of the Oklaho-ma Real Estate Commission and the Greater Tulsa Association of Realtors. She continues to hold a real-tor/broker license Q

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Miller Joins MidSouth To Lead M&A TeamLorraine Miller has joined MidSouth Bank, Lafayette, as senior vice presi-dent and director of mergers and ac-quisitions, a newly created position. To help execute a new phase of its growth strategy following its public of-fering of $40 million in capital raised in December 2009, MidSouth created the M&A team, also naming two longtime employees. Joining Miller are Regional President and SVP Troy Cloutier and Vice President and Director of Corpo-rate Development Dwayne Farris; both will devote a significant amount of their time identifying potential acqui-sition targets. The M&A team will then work closely with CFO Jim McLemore to complete the transactions. Miller, who assisted in the Decem-ber capital raise and has more than 20 years of experience in the financial in-dustry, has served as a consultant for MidSouth since November 2009. From 1986 to 2002, she was a senior sell-side

loUISIANA

equity research analyst for Robinson-Humphrey and SunTrust Equitable Securities. From 2002 to 2009, she was SVP/director of investor relations for West Point Home and Security Bank Corporation. She earned a BBA degree from Emory University and an MBA de-gree from Georgia State University. She is a Charter Financial Analyst Q

N e W S W A T C H TeXAS

Green Bancorp Inc., the holding com-pany for Green Bank, N.A., Houston, has announced that it has entered into definitive agreements with several in-dependent investment firms to provide an aggregate investment of $115 million in common stock. The investors include funds affiliated with San Francisco-based Friedman Fleischer & Lowe LLC; NY-based Harvest Partners LP; and NY-based Pine Brook Road Partners LLC. No investor will own more than 24.9% of the common stock of Green Bancorp. According to a news release, the new capital will be used to expand current operations as well as to pursue growth opportunities, including bank and branch acquisitions, structured transac-tions, and FDIC-assisted transactions. As of December 31, 2009, Green Bank reported total assets of $544.6 million and total equity capital of $52.5 million. Non performing loans represented .05% of total assets Q

Green Bancorp, Houston, to Raise $115 Million in Capital

MidFirst Bank has announced it has recently opened a branch at 1311 W. Chandler Blvd. in Chandler after com-pleting renovations to the facility. The property had been leased to Arizona Federal Credit Union. Spokesman Mike Piazza reported the bank will have a grand opening cel-ebration in May for the new branch. The Chandler branch is the bank’s first to open in 2010, after opening 14 locations in 2009. MidFirst has more than 20 offices across the Phoenix area Q

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N e W S W A T C H ARKANSAS

The Comptroller of the Currency has recognized The Security National Bank of Enid for 75 years as a nation-al bank. SNB CEO George W. “Bill” Athey recently accepted a certificate presented by the comptroller’s office. The Security National Bank of Enid began its history in early 1905 as Oklahoma State Bank. It was located at the corner of Independence and Broadway. The bank occupied a part of a room in the rear of the then Mod-el Grocery. At that time, Enid had a population of 12,000 people, 10 rail-roads, and four banks. In 1927, Bruce M. Athey purchased controlling interest in Oklahoma State for $180,000. At the time of the Depres-sion there were six banks in Enid. In one year, three of those banks would fail. In 1935 Oklahoma State was renamed The Security National Bank of Enid, and its status as a national bank began.

Bank of the Ozarks, Little Rock, and Conway-based Home Bancshares have bought failed banks through FDIC-as-sisted transactions, and Simmons First National of Pine Bluff, which raised $65 million in late 2009, is “keeping its pow-der dry” for possible acquisitions, accord-ing to an article by David Smith, business writer for the Arkansas Democrat-Gazette. Bank of the Ozarks entered the GA market when it recently bought a failed bank in Cartersville, which it reopened under the Bank of the Ozarks banner. Home Bancshares, parent of Centen-nial Bank, has purchased two failed FL banks, one in Orlando and one in Key West. It already operated two Centen-nial branches in Key West but made its initial entry into the Orlando market. Simmons is expected to participate “to some degree in the FDIC-assisted bank sales in the next year,” according to the article Q

The Security National Bank of Enid Celebrates 75 Years as a National Bank Charter

Three Publicly-Traded AR Banks Plan for Acquisitions

The Athey family has held control-ling interest in Security National Bank since 1927. CEO Bill Athey has been an integral part of the bank for 50 years, beginning his service as a teller after graduating from the University of Oklahoma in 1960. Athey says Security National Bank has used its success over the many years to reinvest in the community, helping worthwhile projects to better our schools, social service organiza-tions, and quality of life. “We’ve had 105 years in the banking industry, 75 of those as a national bank. God willing it is our intention to have another 75 and more years being part of this commu-nity and helping it grow,” said Athey. As of December 31, 2009, Security National reported total assets of $323 million, total deposits of $268 million, and capital/reserves of $28.6 million. It operates three Enid locations Q

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N e W S W A T C H BANK FAIlUReS

State and federal banking regulators closed eight banks on April 16, and the FDIC was named receiver. The FDIC approved the payout of the insured deposits of Lakeside Com-munity Bank, Sterling Heights, MI. The FDIC estimates the cost to the DIF will be $11.2 million. The FDIC entered into a P&A agree-ment with TD Bank, N.A., Wilmington, DE, to assume all of the deposits of three unaffilated FL-based institutions: AmericanFirst Bank, Clermont; First Federal Bank of North Florida, Palatka; and Riverside National Bank of Florida, Fort Pierce; and to purchase virtually all of the failed banks’ assets under a loss-share transaction on $2.20 billion. The FDIC estimates the cost to the DIF will be $508.3 million. The FDIC entered into a P&A agree-ment with People’s United Bank, Bridge-port, CT, to assume all of the deposits of Butler Bank, Lowell, MA, and to pur-chase essentially all of the failed bank’s assets under a loss-share transaction.

Banks Fail in MI, FL, MA, CA, and WA; YTD Total Failure 50The FDIC estimates the cost to the DIF will be $22.9 million. The FDIC entered into a P&A agree-ment with Center Bank, Los Angeles, CA, to assume all of the deposits of Innova-tive Bank, Oakland, CA, (0.5% premium) and to purchase essentially all of the failed bank’s assets under a loss-share transaction. The FDIC estimates the cost to the DIF will be $37.8 million. The FDIC entered into a P&A agree-ment with Union Bank, N.A., San Fran-cisco, CA, to assume all of the deposits of Tamalpais Bank, San Rafael, CA, (2.0% premium) and to purchase essentially all of the failed bank’s assets under a loss-share transaction. The FDIC estimates the cost to the DIF will be $81.1 million. The FDIC entered into a P&A agree-ment with Whidbey Island Bank, Coupe-ville, WA, to assume all of the deposits of City Bank, Lynnwood, WA, (1.0% pre-mium) and to purchase $704.1 million of the failed bank’s assets under a loss-share transaction. The FDIC estimates the cost to the DIF will be $323.4 million Q

NeW CURReNCY

The new design for the $100 note made its debut on April 21 during a ceremo-ny at the Department of the Treasury’s Cash Room. The U.S. government rede-signs currency in order to stay ahead of counterfeiters and protect the public. Decisions about the redesign of each denomination are guided by the gov-ernment’s close evaluation of the range of ongoing counterfeit threats, whether from digital technology or traditional printing presses. The unveiling of the $100 note is the first step in a global multi-government agency public education program im-plemented by the Treasury, the Feder-al Reserve Board, and the U.S. Secret Service, to educate those who use the $100 note about its changes before it begins circulating. The $100 note is the highest value denomination of U.S. currency in general circulation, and it circulates broadly around the world. Visit: www.newmoney.gov Q

New $100 Note Unveiled At Department of Treasury


C h a r t e r

a c t i v i t y

R e g U l A T o R S

LouisianaBRANCHES The OFFICE OF FINANCIAL INSTI-TUTIONS has filed an application by Resource Bank, Covington, for a branch at 100 Christwood Blvd., Covington. The OFI has approved an application

by Sabine State Bank and Trust Co., Many, to relocate a branch from 5811 Hwy. 1 Bypass to 5769 Hwy. 1 Bypass, Natchitoches. The OFI has approved an applica-tion by The Peoples State Bank, Many, to relocate a branch from 1700 Bank Dr. to 3412 Mac Lee Dr., Alexandria.MERGERS AND ACQUISITIONS The OFI has filed an application by Farmers State Bank & Trust Co., Church Point, to purchase certain assets and assume the liability to pay deposits in the Rayne office of First Louisiana Na-

tional Bank, Breaux Bridge.OklahomaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has approved an application by Great Plains National Bank, Elk City, for a branch at 2022 E. 1110 Rd., Elk City.TexasBRANCHES The OCC has approved an appli-cation by First National Bank Texas, Killeen, for a First Convenience Bank branch at 1600 Wildcat Dr., Portland. The OCC has approved an applica-tion by Broadway National Bank, San Antonio, for a mobile branch at 1177 NE Loop 410, San Antonio. The OCC has received an applica-tion by Texana Bank, N.A., Linden, for a branch at the intersection of Richmond Rd. and Moores Ln., Texarkana. The TEXAS DEPARTMENT OF BANKING has received an applica-tion by Union State Bank, Florence, for branches: 3957 Raleigh Dr., Tem-ple, and 2201 E. Stan Schlueter Loop, Killeen. The TXDB has received an applica-tion by Herring Bank, Amarillo, for a branch at 4245 Kemp Blvd., Ste. 304, Wichita Falls. The TXDB has received a branch flip application by Community Bank, Granbury, from 500 S. Morgan St., Granbury, to 1300 S. University Dr., Ste. 100, Fort Worth, with the present home office location in Granbury be-coming a branch.HOME OFFICE RELOCATION The OCC has approved an appli-cation by The First National Bank of Kemp to relocate its main office from 103 S. Main to 100 SH 274 S., Kemp.HOME OFFICE RELOCATION The OCC has received a business combination application by Encore Bank, N.A., Houston, to sell its branch-es: 2973 W. Bay Dr., Belleair Bluffs, FL, and 2566-G McMullen Booth Rd., Clearwater, FL, to HomeBanc National Association, Lake Mary, FL, through a P&A transaction Q

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If you know of a company who could benefit from our working capital products, please contact me:

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Fax to 214/221-4546. Mail responses to Box Number c/o Bankers Digest, 9550 Forest Lane, Suite 125, Dallas, TX 75243-5928. Phone: 214/221-4544. email: bankersdigest@bankersdigest.

com

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C l A S S I F I e D

POSITIONS WANTED

Current EXECUTIVE OFFICER with superior credit analysis skill and ex-tensive commercial lending leader-ship experience in several commu-nity banks is seeking a senior-level position of credit administration of a community bank in the greater Hous-ton area. Current responsibilities in-clude establishing and maintaining credit policy and providing guidance and strategic direction to manage the loan portfolio. Please forward inter-est to [email protected].

25 YEAR BANKER seeking long-term lending position in community bank. Good overall lending background (ag, R/E, consumer, light commer-cial) as well as branch manager experience. Respond to [email protected], Subject Line: Box A-8.

POSITIONS AVAILABLE

COMMERCIAL LOAN OFFICER need-ed for bank in San Antonio vicinity. Must have current relationships in area with 5+ years experience. Sha-ron Emiliano, Babich & Associates, Sharon@babich. com, 214/823-9999, #306, www.babich.com. (see bank-ing).

LENDER OPPORTUNITIES in TEX-AS, NEW MEXICO, and OKLAHOMA.

Strong business development and credit skills needed. Call or send resume to Harvey Urban, Babich & Associates, [email protected] 214-823-9999 #304.

COMMUNITY BANK CFO: Must show strong investment portfolio management expertise, plus ac-counting op’s, budgeting and tax return experience. Mark Mitchell, Lone Star Search, 972.335.9009, www.lonestarsearch.net. JUNIOR LOAN OFFICER AND CRED-IT ANALYST positions in VERNON, AZLE, AND GRAND PRAIRIE, TEX-AS. Must have strong business de-velopment and/or credit skills. Call or send resume to Campbell Bur-gess, Herring Bank, [email protected], 806-242-3704.

BSA & COMPLIANCE OFFICER: Cen-tral Texas based community bank is seeking a BSA and Compliance Officer to work in our Austin, TX, office. This is a management position that will be responsible for the development and implementation of all aspects of our compliance program. The ideal candi-date will have a thorough understand-ing of the regulatory environment and possess a minimum of 3 to 5 years of related banking experience. Certifi-cation from an accredited compliance program is required. Email resume to [email protected], subject line Box A-3.

OPERATIONS DEPARTMENT MAN-AGER: A central Texas based com-munity bank is seeking an operations manager to supervise our back office deposit operations. Customer ser-vice and management experience, in addition to knowledge of daily bank processing procedures includ-

ing, wires, returns, ACH, research, reporting and statement production are required. We pride ourselves on offering innovative, personalized services to our customers, so the ide-al candidate will be open to a quick pace and highly adaptive to change. Qualified individuals may email a re-sume to [email protected], subject line Box A-2.

CASHIER/CFO: Growing West Texas community bank of $75M in assets with three branches seeks individu-al for Cashier/CFO position. Duties incude but not limited to complete oversight of bank internal account-ing, regulatory reporting, human resources functions and supervision of operations. This position is part of the senior management team. Prior experience required. Excellent com-pensation package including 401K & incentive bonus. Send resume to [email protected], subject line Box A-1.

COMMERCIAL LOAN OFFICER need-ed for a market leading bank with lo-cal ties of 60+ years. Locally owned and managed growing bank with of-fices throughout Northern New Mexi-co is seeking a seasoned lender with at least 5 years commercial and real estate experience. The ideal candi-date must possess strong credit and financial statement analysis, regu-latory knowledge with SBA experi-ences a plus. Candidate must live be willing to live in the area and be ac-tive in the community. Please send cover letter, resume, references and salary requirements to [email protected]. Please send MS Word or PDF attachments only.

An independent community bank is in need of a CHIEF LENDING OFFICER.

817.877.4120 or 817.877.0014817.877.3846 [email protected]

Recruiting and Placement Servicesfor Banking Positions at All Levels

DAVID FARMERFor additional information, please contact

Visit our website to see a current listing of recruitment opportunities

www.whitneysmithco.com

301 Commerce Street, Suite 1950Fort Worth, Texas 76102

� BANKERS DIGEST April 26, 2010

C l A S S I F I e D The bank is a 90-year institution with $115MM in assets located in East TX. The bank is searching for a commu-nity leader with strong formal credit management and training obtained through a successful background in community banking. Based on quali-fications, an excellent compensa-tion and benefit package is provided as well as assistance in relocation. Please reply to [email protected], subject line Box A-4.

The Security Center Inc. is an estab-lished bank equipment company

seeking a SALESPERSON to man-age the north TX area. The position is based out of the Dallas office and offers salary, commissions, expense reimbursement, and company car. A proven track record in sales to the fi-nancial industry a must. Bank security experience preferred. Opportunities exist in other markets as well. Please call 713.416.3181 to discuss qualifica-tions and interest, or e-mail resume to [email protected].

LOAN OFFICER NEEDED: Here is a rare opportunity to join a Great Com-

munity Bank that has been in busi-ness for over 120 years. City National Bank is seeking someone with a min-imum of 5 years experience in com-mercial, consumer, and real estate lending. Candidate must be willing to relocate to the Wood County area. Send resume to City National Bank, P.O. Box 495, Sulphur Springs, TX 75482, c/o HR Dept.

COMMUNITY BANK CHIEF CREDIT OFFICER needed in Central TX area for a growing $100 milliion bank. Must have in-depth knowledge of compli-ance regulations for national charter bank. Minimum required job-related experience needed to demonstrate competence to perform duties is 15 years in credit administration. Send resume to [email protected], subject line Box A-5.

COMMUNITY BANK west of DFW needs an experienced FULL-SERVICE BANKER prepared to leverage dem-onstrated business development skills into significant senior management role. An ability to develop a portfolio of commercial business in a healthy, but small, market is a must. Bank is poised for growth in multiple markets. Email resume or expression of inter-est to [email protected], subject line Box A-6.

LOAN OFFICER – Locally owned and managed growing bank is seeking a loan officer for the Frisco/Little Elm area. Ideal candidate will have 3+ years previous lending experience and possess a Bachelor’s degree in finance or related field. Strong busi-ness development skills a must. Com-petitive benefit package including 401(k) and incentive bonus. Please send resume including salary require-ments to [email protected].

LOAN PRODUCTION OFFICER: 100+ year old, $190 million community bank is seeking a loan production officer for the Austin, TX market. Senior lending experience is required for commer-cial lending portfolio development. Candidate will assist in selecting and managing future branch location in the Austin market. Email response to [email protected], subject line Box A-7.

Relax!You’ve Finally Found

What You’ve Been Looking For!

We’re currently looking for aVP or SVP

CoMMErCIAL LENDErGet your foot in the door to success!

This position will be responsible for making and servicing all types of commercial loans as well as actively seeking and promoting new commercial loans. We prefer 10 years of lending experience with a minimum of 5 years lending experience required. Must have excellent interpersonal and business development skills. Bachelors degree in Fi-nance or related field preferred.

We offer competitive benefits, opportunities for advance-ment, and many other perks! If you’re interested in work-ing for an organization with a solid future, don’t hesitate! Please come see us or you can mail, fax, or email your resume to:

Attn: Team [email protected]

610 S. Taylor, Ste 101Amarillo, Texas 79101

EOE

April 26, 2010 BANKERS DIGEST Page 1�

bo somewhere, they are furious. They feel betrayed, and lawsuits are bound to follow. Without implementing all state, federal and OCC regulations and procedures, a financial institution’s chances of winning any safe deposit litigation will be difficult, if not impos-sible. Reducing Your Liability The following five steps may help you avoid potentially libelous condi-tions.Step 1. Box Relocation and Consoli-dation: When merging safe deposit

EQUIPMENT FOR SALE

FOR SALE: Used & refurbished bank equipment. Over 340 types SD locks, repair parts & timelocks for all brands excluding ATMs & remote drive-ins. OK license #1055. 1-800/642-8763, or FAX: 580/584-7720, or email: [email protected] or www.underwoodsafe.net.

BANKING EQUIPMENT NEW AND USED: Buy, sell or trade. Service & installation. Power files, x2 units, shelving, Mobile shelving, fireproof files-note, legal and letter, under-counter. Money safes, safety depos-it boxes. FLAIR SYSTEMS, 800/468-1246, 214/340-3580.

MODULAR BANK BUILDINGS: Looking to Branch? Opening a New Charter? Disaster Planning? Need a Temporary while Remodeling? Tem-porary/Permanent Modular Bank Buildings new and used. North American Buildings, 888-800-8866, www.NorthAmericanBuildings.com.

C l A S S I F I e D

TEMPORARY AND MODULAR BANKING FACILITIES

NATIONAL MODULAR BANK BUILDINGS2810 Lawing Lane • Rowlett, Texas

Call Myrna at 800/615-7320 Email: [email protected]

Temporary and Modular Buildings available with any of the following: Safes, Safe Deposit Boxes, Night Depositories and Pneumatic Tube Systems. Alarm and CCTV Systems.

Call for all your equipment needs or visit our website: www.modularbank.com

TDisaster Assistance

boxes from different locations, renter notification is essential. Proper docu-mentation of a box renter’s contract information, box access history, and all other computer records relevant to the boxes is crucial, particularly if boxes sharing duplicate numbers are stored together. Step 2. Safe Deposit Audit: Estab-lishing an effective safe deposit audit program is an institution’s best pro-tection against losses due to negli-gence. Doing so will hopefully identify

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F e A T U R e


ADDRESS CHANGE - When writing to us about your subscription, enclose the address label from your copy of Bankers Digest. You can also change your address at www.bank-ersdigest.com under subscriptions.

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PERIODICAL

and correct most audit exceptions. This audit will also identify all mystery boxes. Someone other than a safe de-posit area employee should perform the audit. Step 3. Identifying Mystery Boxes: First, record all of the box numbers, contracts, and available keys on the audit forms for all boxes and keys lo-cated in your vault. If you find a box that has no contract and no keys, this is a mystery box. Now check your open and closed contracts to determine if this box was previously surrendered and no keys returned.

Extreme caution should be exer-cised if your audit form indicates that you have a contract, access record, and keys for the same box. First, check your records thoroughly to determine whether the renter might have re-turned the keys but did not properly release the contract. If there is no in-dication that the renter surrendered this box, DESTROY THESE KEYS IM-MEDIATELY. Step 4. Drilling Mystery Boxes: If all efforts fail to identify and solve these mystery box situations, follow these steps. First, insert a red “Box Sealed” keyhole signal into the mystery box

lock. Then prepare a “dummy contract” labeled Mystery Box and indicate the discovery date. From this date, wait twelve months plus the additional pe-riod of time that your contract or state regulation requires you to provide a renter before drilling a past due box. If the renter doesn’t pay his rent or request access, you can consider this box past due. Drill the box under dual control, inventory the contents on a notarized affidavit, and, if you cannot identify the renter, follow your state’s unclaimed property requirements. If the renter can be identified, have your legal counsel create a “Release of Li-ability Affidavit”, contact the renter and ask him to come in and redeem his property immediately. Step 5. Safekeeping and Unclaimed Property: After inventorying the box contents, place them in a tamper-re-sistant envelope in safekeeping under dual control. The notarized affidavit should be secured in a sealed, clear pouch located on the front of this en-velope. If information is available, the renter’s name, address, box number, drilling and mystery box date must be visible for recordkeeping and re-tention purposes. If your renter never claims the drilled box contents, many states have specific unclaimed prop-erty time periods. When this reten-tion period expires, these abandoned box contents must be reported and/or delivered to the state. Many state au-thorities will then auction these un-claimed items Q

About the Author: David P. McGuinn, president of Safe Deposit Specialists in Houston, TX, is a former banker, has trained over 250,000 safe deposit per-sonnel since 1969, and given expert witness testimony. For more informa-tion, visit his website: www.sdspec.com.

DALLAS OFFICE5323 Spring Valley Rd, Ste. 200Dallas, Texas 75254

1-866-716-9920www.phaseonebuilders.com

AUSTIN OFFICE3 Lakeway Centre Crt, Ste. 110

Austin, Texas 78734

BANK DESIGN BUILD SPECIALISTS

Heritage Bank | Pearland, Texas

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