Volume 136, No. 21May 24, 2010

In This Issue...Springt ime : Wel l -managed community banks should take a bowCommentary.....................................3

Fifty-Year TX Bankers Honored..4

Charter Activity..............................8

Classified.........................................9

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Eddie Holt

Crossett Banker Holt Installed to Lead Arkansas Bankers Association In 2010-2011

Darby & Kaul Join First State OKC as Senior VPs

Roberts Named EVP, Texas Capital HoustonJohn H. Roberts has joined Texas Capital Bank, N.A., Dallas, as execu-tive vice president and manager of business bank-ing. Roberts will be responsible for adding several banking teams throughout the Houston market focused on provid-ing financial solutions for small to medium size businesses. Roberts joins Texas Capital Bank from JPMorgan Chase Bank, where he was senior vice president and area manager for business banking. He has 17 years of experience in banking and energy finance. Roberts received an undergradu-ate degree in business from Tulane University and earned an MBA degree at Southern Methodist University Q

Roberts

David Durrett, chairman/CEO, The First State Bank, N.A., Canute, OK, has announced that David Darby has been named senior vice presi-dent of commercial lending. He super-vises all business account activities that involve secur-ing loans, lines of credit, and all oth-er types of working capital needs. He has over 13 years of commercial banking experience. Darby serves at the new Oklahoma City branch at 3030 Northwest Expwy.

He graduated from the University of Oklahoma with a BA degree in math-ematics. The bank has also named Raju Kaul senior vice president and di-rector of treasury management at the new Oklahoma City branch. He previously served for 10 years at Arvest Bank. Kaul holds a BBA degree from the University of Oklahoma. First State has offices in Canute, Midwest City, and Oklahoma City Q

Eddie Holt was installed as the 2010-2011 chairman of the Arkansas Bank-ers Association at the 120th annual ABA con-vention on May 6 at the Hot Springs Convention Center. Holt is president/CEO of First National Bank of Crossett and president of Ashley Bancstock Com-pany, the bank’s parent company. He joined First National in 1984 and has over 40 years of banking experience in central and south central AR. Holt attended the University of Central Arkansas in Conway and is a graduate of the Southwestern Gradu-ate School of Banking at SMU. He is active in Crossett civic organizations and serves on boards and founda-

tions at the state level. In addition to his banking life, Holt is a world cham-

pion duck caller. He won the AR state duck calling competition in 1968 and the world championship in 1968, 1969, and 1970. He retired as the only per-son undefeated in world competition. Joining Holt as 2010-2011 ARBA officers are Charlie Blanchard, chairman elect; John Freeman, vice chairman; and Mary Beth Brooks, treasurer.

Blanchard is chairman/CEO of First State Bank in Russellville, where he has served as an investor and CEO since 1999. He has served in AR bank-ing since 1974 and holds a BA degree

KaulDarby

(continued on Page 6)

Page 2 BANKERS DIGEST May 24, 2010

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Chase Bank to Hire 275 Mortgage Lenders in TX

Murry Is VP/CLO, Hardin Auditor, First United Bank

McClellan Heads Public Funds Group at Regions

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Brian R. Murry has been hired as vice president and commercial lender for First United Bank in the Lubbock Southwest Banking Center. The TX native has over nine years of banking experience with an extensive background in lending. He received a BBA degree in finance from Texas Tech University. Ashley Hardin has been hired as a banking officer and internal auditor at First United Bank’s holding company, Plains Bancorp. Her responsibilities will include aiding in completing com-pliance and reviewing internal con-trols and branch audits. The TX native has several years of banking experience with a background in auditing. She received a BBA de-gree in finance from Texas Tech Uni-versity Q

Regions Bank, Birmingham, AL has named Nathan McClellan its TX mar-

McClellan

ket manager for the public, institution-al, and non-profit group. He will formal-ize the TX coverage of government, 501c3, church, and not-for-profit hos-pital entities. He offices at 1111 W. Mockingbird Ln. in Dallas. McClellan has served in the fi-nancial industry for more than 16 years. His banking experience in-cludes service with Bank of America as client manager of the North TX and LA government group, as well as client manager of the Southwest healthcare group; and as credit underwriter with Bank One in the corporate healthcare group. He earlier served as an officer in the U.S. Navy. He is a graduate of both Texas A&M University and SMU. His civic involvement includes the American Diabetes Association, Mu-nicipal Advisory Council, Government Finance Officer Association, Dallas Arts District Alliance, Leadership Dal-las, Greater Dallas Chamber educa-tion and workforce committees, and the North TX Commission Q

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Broadway Names Leller VP, Svoboda AVP, and Berry MgrCasey Keller has joined San Antonio-based Broadway Bank as vice presi-dent, portfolio manager II. Prior to Broadway, he was an investment man-ager responsible for business devel-opment and discretionary investment management of private client ac-count, trusts, and foundations. He has the Chartered Financial Analyst (CFA) designation and earned a bachelor’s degree from The University of Texas at Austin in economics. Jennifer Svoboda has been named assistant vice president, sales and op-erations manager of the Telephone Banking Center. Prior to joining Broad-way, she worked with Citicorp Data Systems. She is currently attending University of Phoenix working towards a BS in business with a concentration in management. Lydia Berry has joined Broadway as banking service manager at the Hueb-ner location at 16601 Huebner. Prior to joining Broadway, she served as an assistant branch manager, branch op-erations support and personal banker, at Citibank, N.A. Q

JP Morgan Chase Bank has announced it plans to hire 275 residential mort-gage lenders for its TX branches in the next six months, according to Jim Gerritsen, Chase’s manager for home lending in TX. Chase, which operates 613 branch-es in TX, had a 16.3% deposit market-share (second to Bank of America) at June 30, 2009, according to the FDIC Q

May 24, 2010 BANKERS DIGEST Page 3

C o M M e N T A R Y

(continued on Page 11)

L O O K I N G A H E A D

ByBryan Kendrick, CPA

San Antonio, Texas

Springtime: Well-managed community banks should

take a bow

Have you seen the bumper crop of wildflow-ers this year? U n b e l i e v -able! Unprec-

edented! My job takes me to banks all over the state of Texas. These days I can hardly wait to get in the car and witness the beauty that nature has graciously bestowed upon us. It just never gets old. Now, I’m not a bota-nist or horticulturist, I’m an auditor; but I’ve read from experts that there are some reasons for this year’s vivid coloring of our roadsides and fields. Consider some of these factors docu-mented in a recent newspaper article:

* Texas’ two-year drought helped get the ball rolling on this spring’s blue-ribbon bluebonnet display. * That stretch of dry weather helped kill off grasses and other plants, creat-ing more space for bluebonnets and other wildflowers to spread. * Bluebonnets germinate in the fall when they benefit the most from a drink of water. September and Octo-ber were especially rainy. Nearly 41 inches of rain fell on North Texas last year, about 6 inches above normal. But the plants can also use some wa-ter through the winter, and this year’s rainfall didn’t disappoint. The fact that we continued to have rains through the winter was really helpful. * February’s record-breaking snowfalls didn’t hurt the bluebonnets. The snow helped insulate the plants, while the temperatures weren’t cold enough to threaten the flowers.

Droughts, rainy days, winter storms, cold temperatures – sounds kind of like the banking landscape we have walked through over the last year or so, doesn’t it? Sub-prime mortgages and all who played that game brought

on an unprecedented drought within our industry. Choking for survival, many of our fellow bankers knelt at the trough of government bailouts for a desperate drink of liquidity.     And  the  rains,  they  just  kept  coming. Record unemployment, more regula-tion, huge deficit spending, mounting loan losses, monstrous premium as-sessments, and record breaking bank failures. The flood of red ink seemed unstoppable. And the winter. Cold, cold tempera-tures. Banks were targeted as a scape-

goat for the collapse of an economy that had many culprits. Overnight the George Baileys of the banking world became the cold and harsh Henry Potters. Yes, the banks played a part, but to be blamed as the kingpin when others were equally or even more re-sponsible was uncalled for, and quite frankly cowardly. But, I digress. So what’s ahead for banking? I sub-mit it is right before us. Yes, the les-son of the wildflowers. Let’s  take  the  drought. Had it not

B D

FEATURE

Page 4 BANKERS DIGEST May 24, 2010

p e o p l e TeXAS

Fifty-Year Bankers Honored at 126thTexas Bankers Association Convention The Texas Bankers Foundation, the philanthropic arm of the Texas Bank-ers Association, honored 13 TX bank-ers with the 50-Year Banker Award dur-ing its 126th Annual TBA Convention in San Antonio on May 6. This pres-tigious award honors bankers with a half century or more of service and dedication to the TX banking industry. The honorees are the following. Wanda Bennett of Jasper has served with First National Bank in Jas-per since the bank opened its doors for business in 1960. She still works in the bank’s proof department. Robert L. Cook of San Antonio serves as an advisory director of IBC Bank – San Antonio. He served the majority of his career with National Bank of Commerce where he was ex-ecutive vice president and regional manager in domestic private banking before his retirement. Ralph E. David of Freeport is a con-sultant and director with Texas Gulf Bank, N.A., in Clute. He has served as a banker for 63 years and was ap-pointed for two terms as a director of the Federal Reserve Bank of Dallas – Houston Branch.

Perry D. Elliott of Stephenville re-tired from First Financial Bank, N.A., Stephenville, in 2008 after 48 years of service but continues to serve the bank on special projects. He served with several banks throughout his bank-ing career, working his way up from a bookkeeping position to positions as president, CEO, and chairman of the board. James E. Fortson of Rice has been a member of the board of directors of the First State Bank of Rice since 1946. He served as board chairman from 1988 to 2007. Dale Griggs of Fort Worth has worked for a number of banks during his 59-year banking career. He cur-rently serves on the board of directors of First Security State Bank in Cranfills Gap. Robert Wayne Harveson of Bridge-port serves the First State Bank of Chi-co in business development and pub-lic relations in Wise County. He served at banks in Abilene, Monahans, and Dallas before becoming president and CEO of First National Bank in Bridge-port in 1973.

Rodney G. Joy of Cranfills Gap is the chairman of the board of First Security State Bank. He began his career in 1960 at First National Bank in Brownwood in the bookkeeping department. He has also worked for banks in Lubbock and Abilene. Dudley K. Montgomery of Lubbock served more than 40 years of his bank-ing career at the Security State Bank of Pecos where he served as president and CEO for 30 years. After the bank was purchased by TransPecos Bank, he continued to serve as a director and advisory director. Bob J. Mutschink of Giddings is a senior vice president at First National Bank, Giddings. He started his banking career in Fort Worth and later served in Austin, returning to his hometown of Giddings in 1981. He is active in community area civic organizations. Victor T. Patterson of Port Lavaca has served in banking for 64 years. At First State Bank in Port Lavaca, he fo-cused his efforts on lending. He cur-rently serves on the IBC board of di-rectors. Milton L. Payne of Carthage has served with the First State Bank & Trust Company, Carthage, for 69 years. He currently serves as the senior chair-man of the board. He was a member of the first graduating class of the South-western Graduate School of Banking at SMU in 1960. Leonardo R. Salinas of Laredo started his banking career at Union National Bank, Laredo, as a book-keeper and teller, and joined Interna-tional Bank of Commerce (IBC) when it opened its doors in 1966. He retired from the bank in 2000 but still serves as a director of International Banc-shares Corporation. Serving TX bankers since 1885, the Texas Bankers Association is the larg-est and oldest state bankers associa-tion in the nation Q

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ARIZoNA

Stigler Bank CEO Jordan Joins ICBA Board of Directors

Schaefer Is President, Great Nations Bank

The Independent Community Bankers of America (ICBA), Washington, DC, has announced that Stigler banker Chris Jordan has been elected a com-munity bank director to serve on the ICBA board of directors. Jordan, who represents OK on the board, joined 14 other bankers who began serving three-year terms following the ICBA National Convention and Techworld which was held March 17-21 in Orlan-do, FL. Jim MacPhee, ICBA chairman and CEO of Kalamazoo County State Bank, Schoolcraft, MI, welcomed the newly elected directors to the board. Jordan serves as president/CEO of Farmers State Bank, Quinton/Stigler. He is a Community Bankers Associa-tion of Oklahoma (CBAO) board mem-ber and past-chairman of the organi-zation. The ICBA board of directors consists of 56 directors elected by the members of the state or district in which their community bank operates. Elected directors serve three-year terms and are eligible to serve a second term if reelected. Craig Buford, president and CEO, Community Bankers Association of Oklahoma, reported the news Q

David Schaefer was recently named president/CEO of Great Nations Bank in Norman, a 2009 de novo bank located at 2200 Alameda St. Schaefer is a veteran Oklahoma City-area banker who previously served as president of Southwestern Bank, Oklahoma City, now part of First United Bank & Trust Co. of Durant Q

Baldwin Joins The Private Bank at Bank of OklahomaDana Yeatman Baldwin has joined The Private Bank at Bank of Oklaho-ma, N.A., in Tulsa as vice president and trust officer. She has 20 years experience work-ing with affluent individuals and pri-vate foundations. Her background includes commercial law, family law, and labor and employment litigation. She earned a BSBA degree from the University of Arkansas and is a 2000 graduate, highest honors, with a JD degree from the University of Tulsa Q

Home Bank Reports Officers, Baton Rouge Corporate OfficeHome Bank, Lafayette, has announced the officer team at its recently opened branch in Baton Rouge at 5302 Cor-porate Blvd. The 6,400-square foot branch facility serves as the bank’s Baton Rouge corporate branch for its commercial and mortgage lending teams. John Bordelon, president/CEO, made the announcement. Robert R. Lott serves as commer-cial market manager. Cassie Sparrow is the Corporate Blvd. branch manager. Craig Davidson serves as senior commercial lender. Connie Chilvers serves as a com-mercial loan officer. Karen DeRouen is a cash man-agement officer. Melissa Reynolds is a mortgage loan originator. Home Bank operates two addi-tional Baton Rouge branches at High-land Rd. and Bluebonnet. Lim Taber serves as the High-land Rd. branch manager. Josh Harris is the Bluebonnet branch manager. Home Bank, established in 1908, has nine locations in the Acadiana area and six recently acquired loca-tions in the Northshore area Q

Hudec Is Branch Manager,Enterprise Bank, GoodyearNick Hudec has been named manag-er of the new Enterprise Bank & Trust West Valley branch at 2440 N. Litch-field Rd., which opened in March. Hudec is veteran small business banker who recently joined the bank. Enterprise Bank entered the AZ market in December 2009 when it ac-quired the failed Valley Capital Bank’s deposits and certain assets. The bank operates an LPO (Enterprise Com-mercial Lending) at 2730 E. Camel-back Rd. in Central Phoenix. The bank is a subsidiary of St.Louis, MO-based Enterprise Financial Q

Your Bank’s People News Could be Here!

See Page 2 for the details.

loUISIANA

Page 6 BANKERS DIGEST May 24, 2010

p e o p l e

Centennial Bank’s Bradley S. Mooney Dies at Age 40

Marmande Is President, IBERIABANK Baton Rouge

Bradley S. Mooney, of Little Rock, died unexpectedly on April 24 at Bap-tist Medical Center in Little Rock. He was age 40. Mooney was serving as a senior vice president in Centennial Bank’s Private Client Group at the time of his death. He was born on September 12, 1969, in Malvern. He was a graduate of the University of Arkansas at Monticello and the Graduate School of Banking at LSU. Mooney is survived by his wife, Jeni-fer (Nix) Mooney and two children, Nate and Allie, among others. Memorials may be made to The Nate and Allie Mooney Educational Trust Fund at Centennial Bank-Pavilion in the Park, 8201 Cantrell Rd., Ste. 140, Little Rock Q

Thomas J. Dujenski, a 27-year FDIC veteran, has been appointed FDIC re-gional director for the Division of Su-pervision and Consumer Protection’s (DSC) Atlanta region. He most recen-lty served as regional director for the DSC’s Dallas region. Dujenski takes over from Doreen R. Eberley, FDIC regional director for DSC’s New York region, who has been serving as Atlanta’s regional director on an interim basis for the past year. Dujenski joined the FDIC in 1983 and previously served as an acting re-gional director in Atlanta. He earned an MBA degree from St. Bonaventure University and a BS degree in business administration from State University of New York. He holds certifications as a regulatory compliance manager, fraud examiner, and anti-money laun-dering specialist, and is a graduate of the Stonier School of Banking. The Atlanta region supervises 707 FDIC-insured institutions in AL, FL, GA, NC, SC, VA, and WV, with assets of $454 billion. Kristie K. Elmquist, deputy re-gional director in the Dallas region, will serve as acting regional director in Dallas, until that position is filled Q

IBERIABANK, Lafayette, has named executive vice president Ben Mar-mande president of the Baton Rouge market. He suc-ceeds Keith Short who relocated to Florida. Marmande has served since No-vember 2006 as executive vice pres-ident and senior credit officer for the bank’s south LA market working with the Lafayette, Baton Rouge, and New Orleans bank-ing teams. Most of his banking experi-ence is in commercial banking where he served much of his career with Hi-bernia National Bank. He held various positions with Hibernia until leaving in 1994 to work as CFO of RACOM Information Technologies. He later served with Lason Systems, which ac-quired RACOM, as executive vice pres-ident, managing the company’s global finance and accounting functions. The LA native is a graduate of the University of Louisiana and holds an MBA degree from Loyola University in New Orleans Q

Marmande

Dujenski Named FDIC Atlanta Regional Director

Deacon and Penick Join First Security in Little RockCam Deacon and Whit Penick have joined First Security Bank in Little Rock as commercial loan officers. Deacon previously served as a commercial loan officer at Arvest Bank in Little Rock. Penick previously served as a cred-it analyst and consumer loan officer at Arvest Bank in Little Rock Q

ARKANSASReGUlAToRSloUISIANA

from Hendrix College and an MBA degree from the University of Central Arkansas. Freeman is president of Liberty Bank of Jonesboro. He is a graduate of Harding University in Searcy, the South-western Graduate School of Banking at SMU, and the Graduate School of Bank Investments at the University of Illinois in Champaign-Urbana.  Brooks, who is serving a second term as treasurer, is president/CEO of The Bank of Fayetteville, a position she has held since July 2004. The 24-year banker is a graduate of the University of Arkansas and holds a master’s de-gree in banking from the University of Wisconsin. Attendance at the convention was strong. On May 7, the Simmons Bank Strawberry breakfast drew a large crowd and the Day with the Commis-sioner was standing room only! Q

ARBA Convention (continued from Page 1)

May 24, 2010 BANKERS DIGEST Page �

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DD&F Consulting Group, Little Rock, was recently ranked #1 in completed FDIC assisted acquisitions by SNL Fi-nancial for the first quarter of 2010. SNL Financial collects, standardizes, and reports on all relevant financial news pertaining to financial institu-tions, and is considered the primary information resource worldwide for the financial services industry. DD&F, a full-service financial con-sulting company founded in 1993, completed five transactions during the first quarter of 2010 totaling $815.4 million in assumed deposits. The firm has participated in more government assisted transactions in recent quar-ters than any other firm, advising in 10 failed-bank transactions since January 2009. In addition, DD&F has helped bid on over 50 failed banks. “We’ve been fortunate to be on the cutting edge of this,” stated Randy Dennis, president of DD&F Consulting Group

Simmons Expands Into MO Through Failed Bank Buy

Independent Bank Group to Buy First Bank, Farmersville

Arkansas Consulting Firm Ranks #1 for 1st Qtr 2010

Simmons First National Corporation, Pine Bluff, is using some of its $75 million newly raised capital to expand outside of AR when its subsidiary, Simmons First National Bank, Pine Bluff, entered into a purchase and as-sumption agreement with the FDIC to assume substantially all deposits and purchase assets of Southwest Com-munity Bank, Springfield, MO, which was closed on May 14. Southwest Community Bank, as of April 30, 2010, had approximately $98 million in assets and approximately $101 million in total deposits. The failed bank reopened as a branch of Simmons First on Saturday, May 15. J. Thomas May, Simmons chairman/CEO, said in a release, “... the Spring-field market compliments the footprint expansion Simmons First consummat-ed along highway 65 into North Central Arkansas in 2004, and our presence in Northwest and Northeast Arkansas.” Q

Independent Bank Group, the McKin-ney-based holding company for Inde-pendent Bank, announced on May 10 that a definitive agreement has been reached to acquire 125-year-old First Bank, Farmersville, with $100 million in assets and locations in Farmersville, Lavon, and Princeton. The acquisition will expand Independent’s footprint east of the U.S. Hwy. 75 corridor. The banks have worked closely over the years. Independent Bank Group chairman/CEO David Brooks served as chairman/CEO of First Bank from 1987-1993. The purchase is scheduled to close in the third quarter of 2010, subject to necessary approvals. This acquisition follows the recently announced de-finitive agreement for Independent to acquire Town Center Bank of Coppell. These combined transactions will bring Independent’s holdings to 25 lo-cations and assets over $1 billion Q

Page � BANKERS DIGEST May 24, 2010

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

State banking regulators closed four banks on May 14, and the FDIC was named receiver. The FDIC entered into a P&A agree-ment with Ameris Bank, Moultrie, GA, to assume all of the deposits of failed Sa-tilla Community Bank, Saint Marys, GA, 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 $31.3 million. The FDIC entered into a P&A agree-ment with Bank of Ann Arbor, Ann Ar-bor, MI, to assume all of the deposits of failed New Liberty Bank, Plymouth, MI, 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 $25 million. The FDIC entered into a P&A agree-ment with Simmons First National Bank, Pine Bluff, AR, to assume all of the de-posits of failed Southwest Community Bank, Springfield, MO, 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 $29 million. The FDIC entered into a P&A agree-ment with Firstmerit Bank, N.A., Akron, OH, to assume all of the deposits of failed Midwest Bank and Trust Compa-ny, Elmwood Park, IL, and to purchase essentially all of the failed bank’s as-sets under a loss-share transaction. The FDIC estimates the cost to the DIF will be $216.4 million. Total assets and total deposits of the failed banks as of March 31, 2010, were $3.5114 billion and $2.7583 billion, re-spectively Q

Banks Fail in GA, MI, MO, & IL; YTD Total Failures Now 72

ArizonaBRANCHES The TEXAS DEPARTMENT OF BANKING has received an applica-tion by Comerica Bank, Dallas, TX, for a branch at 7170 E. McDowell Rd., Scottsdale.ArkansasMERGERS AND ACQUISITIONS The ARKANSAS STATE BANKING DEPARTMENT has issued a letter of preliminary approval for an appli-cation by Smith Associated Banking Corporation Voting Trust, R. Tracy Fox, sole trustee, Hot Springs, to acquire 25% or more of the stock of Smith As-sociated Banking Corporation, Hot Springs.CERTIFICATE OF AUTHORITY The ARSBD has received an appli-cation by Great Southern Bank, Reeds Springs, MO, to open an office at 2522 Pinnacle Hills Pkwy., Ste. 101, Rogers.LouisianaBRANCHES The FEDERAL RESERVE BANK OF ATLANTA has filed an application by Regions Bank, Birmingham, AL, for a branch at 1830 Martin Luther King Blvd., Houma. The OFFICE OF THE COM-TROLLER OF THE CURRENCY has received applications by Capital One, N.A., McLean, VA, for branches: 4646 Hilry Huckaby III Ave., Shreveport, and 3001 Tulane Ave., New Orleans.MERGERS AND ACQUISITIONS The FEDERAL DEPOSIT INSUR-ANCE CORPORATION has filed an application by Community Trust Bank,

Choudrant, for consent to acquire by merger Community Trust Bank of Texas, Dallas. It is contemplated that all offices of Community Trust Bank of Texas will become offices of Commu-nity Trust Bank and will continue to operate. The TEXAS DEPARTMENT OF BANKING has received an appli-cation by Community Trust Bank of Texas, Dallas, for this merger.OklahomaBRANCHES The TEXAS DEPARTMENT OF BANKING has received an application by International Bank of Commerce, Laredo, TX, to relocate a branch from 200 E. Broadway Ave. to 1504 W. 3rd St., Elk City.TexasBRANCHES The OCC has approved applica-tions by First National Bank Texas, Killeen, for First Convenience Bank branches: 8840 Benbrook Blvd., Ben-brook; 12230 Montana Ave., El Paso; and 2750 W. University Dr., Denton. The OCC has received an appli-cation by The First National Bank of Shiner for a branch at 1708 W. Espala-nade, Cuero. The OCC has received an applica-tion by Community National Bank, MIdland, to relocate a branch from 4300 N. Midland Dr. to 5329 Loop 250 N., Midland. The OCC has received an appli-cation by The First National Bank of Sonora to relocate a branch from 118 W. Bandera Rd. to 122 W. Bandera Rd., Boerne. The OCC has received an applica-tion by The Frost National Bank, San Antonio, to relocate a branch from 3880 Hulen St., Ste. 300, to 3000 S. Hulen St., Ste 182, Fort Worth.

The OCC has approved an appli-cation by JPMorgan Chase Bank, N.A., Columbus, OH, for a branch at 8597 Blanco Rd., San Antonio. The TEXAS DEPARTMENT OF BANKING has received an application by Falfurrias State Bank, Falfurrias, for a branch at 2019 S. 77 Sunshine Strip, Harlingen. The TXDB has approved an applica-tion by Texas First Bank, Texas City, for a branch at 4700 Hwy. 365, Unit J, Port Arthur. The TXDB has approved applica-tions by Union State Bank, Florence, for branches: 2201 E. Stan Schlueter Loop, Killeen, and 3957 Raleigh Dr., Temple Q

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COMPLIANCE MANAGER: Large Community Bank needs highly-ex-perienced Compliance professional to manage team. Please call for more details. Mark Mitchell, Lone Star Search, 972.335.9009, www.lonestarsearch.net.

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 bankersdigest@bankersdigest.com, subject line Box A-1.

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 bankersdigest@bankersdi-gest.com, subject line Box A-5.

COMMUNITY BANK west of DFW needs an experienced FULL-SER-VICE BANKER prepared to leverage demonstrated business development skills into significant senior manage-ment role. An ability to DEVELOP A PORTFOLIO OF SMALL BUSINESS LOANS in a healthy, but small, market is a must. Bank is poised for growth in multiple markets. Email resume or expression of interest to bankersdi-gest@bankersdigest.com, subject line Box A-6.

LOAN PRODUCTION OFFICER: 100+ year old, $190 million community bank is seeking a loan production officer for the Austin, TX market. Senior lending

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Page 10 BANKERS DIGEST May 24, 2010

C l A S S I F I e D 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 bankersdigest@bankersdigest.com, subject line Box A-7.

Community bank in Frisco, TX, seeks MARKET PRESIDENT. Applicant must have current relationships in the Frisco/Plano area and strong business development skills. This position is part of the bank senior management team. Send resume to bankersdigest@bankersdigest.com, subject line Box B-1.

CREDIT ANALYST: 1st International Bank has an opening in its Plano, TX, corporate office. Ideal can-didates will have 3+ years of ad-vanced knowledge, training and ex-perience, especially in commercial loans. Please submit resume (prin-cipals only) to human.resources@fibtx.com. EOE.

TRUST OFFICER: Central Texas Bank seeking a motivated self-starter with leadership skills to head Trust Department. The ideal candidate must have 7 – 10 years experience in the field along with exceptional communication and social skills. Job responsibilities include, but are not limited to act-ing in a fiduciary capacity to create and administer trusts, performing and monitoring various investment services, ensuring the collection, distribution, and investment of trust income, and developing new cus-tomer relationships while providing excellent customer service to exist-ing customers. AA/EEO. Please send resume and salary requirements to bankersdigest@bankersdigest.com, subject line Box B-2.

BANK INTERNAL AUDITOR/COM-PLIANCE AUDITOR: Positions in Vernon, Azle, Grand Prairie, or Am-arillo, Texas. Must possess strong audit skills for financial, operations, and regulatory compliance audits. Call or send resume to Campbell Burgess, Herring Bank, CBurgess@HerringBank.com, 806-242-3704.

LOAN OFFICER/LENDING COMPLI-ANCE OFFICER needed for stable, independent, East Texas community bank. Lending activity primarily in consumer and real estate loans. Send resume to bankersdigest@bankersdi-gest.com, subject line B-3.

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COMMERCIAL LOAN OFFICER: A well established $34,000,000 com-munity bank is seeking a commer-cial loan officer/branch manager for a branch in Amarillo, Texas. Commercial lending experinece is needed with a good overall bank-ing background. Excellent working conditions and room for advance-ment. Salary commensurate with experience. Please email resume to snb1@amaonline.com or direct in-quiries to 806-248-7531.

Opportunities for two or more COM-MUNITY BANK LENDERS with com-mercial (heath care lending ex-perience a plus) and/or consumer lending experience. Must be willing to relocate to central Oklahoma. Respond to Laura Pringle at prin-gle@pringleandpringle.com.

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come, grasses and other plants would not have been killed off, thus leaving more space for the flowers to spread. No one likes to see a bank fail. Yet sur-vivors now find a different landscape and a prime opportunity for commu-nity banks to spread and grow. And the rains. Just as it took Septem-ber rains eight months to patiently work their magic in April, so the eco-nomic rainstorms of yesterday could propel community banks to blossom once again in 2010. And  the  hard  winter  that  helped  insu-late the flowers. Yes, it has been a hard winter for bankers. But, I believe the winter cast a spotlight on those that took irresponsible risk and those with shallow roots. At the same time it in-sulated many community banks that still stand and faithfully serve their lo-cal customer base. And when this happens, when the community banks blossom again, who will step forth to take the credit? Sad-ly, those who will claim responsibility,

and I’m sure there will be many, will be just as unworthy as the one who would claim to have painted the fields with hosts of flowers. The truth is, it is the resiliency of the seed, year in and year out, despite all nature throws at it that deserves the prize. And like-wise with banking; it is the resilient, well managed community bank and banker, year in and year out, in spite of all the mandates and criticisms, that should take the bow. I encourage you take a drive and witness the wonderful display of wild-flowers. If you have to travel far, do so; it is worth the trip. And when you do, think also about your bank, your in-dustry, and the marvelous opportuni-ty you have been given to spring forth once again and add an array of colors and services to your community land-scape Q

Commentary (continued from Page 3)

About the author: Bryan A. Kendrick is a CPA and internal audit guru based in San Antonio, TX. He may be con-tacted at 210/413-4134 or at bryan@kendrickservices.com.

Page 12 BANKERS DIGEST May 24, 2010

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PERIODICAL

Congressional Watchdog Says Small Business Lending Dropped During CrisisGovernment funding to U.S. banks has done little to ease the credit crunch for small businesses, accord-ing to a report released May 13 by the Congressional Oversight Panel, a watchdog group set up to oversee funds allocated by TARP. And, the re-port said, the situation doesn’t seem to be improving. According to the report, the value of large banks’ loans to small busi-nesses shrank 9% between 2008 and 2009, more than double the 4.1% drop in overall lending. “The large banks pulled back on all

borrowers, but they pulled back harder on small businesses,” said Elizabeth Warren, chair of the oversight panel. She says, “Treasury never required banks to lend their new money (TARP funds).” According to an article by Emily Maltry, The Wall Street Journal writer in a “Money Hunt” column, the Treasury’s own research concluded that smaller banks that took government capital showed stronger small business lend-ing than comparable small banks that did not participate in the program. The oversight panel’s report said it was unclear whether lending has been

constricted more by a lack of lenders willing to lend or by lack of borrowers willing or qualified to borrow. One lending program which seems to be working is the SBA’s 7(a) loan guarantee program. According to SBA administrator Karen Mills, more than $25 billion in new SBA loans have been generated since the SBA increased its loan guarantees and reduced fees. On May 14, the Obama Administra-tion proposed to provide capital injec-tions to fund new small business loans to financial institutions with assets less than $10 billion. Stay tuned! Q