independent bankers association of texas citizens ... · lending under its small business...

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operations of the association. Williston joined IBAT in 2009 as director of association management services and was promoted to VP of com- munications in 2012. He is also cur- rently serving as chair-elect of the Texas Society of As- sociation Executives (TSAE). In her new role, Courtney will be re- sponsible for all IBAT banker education programs. She will also serve as the liai- son with various university bank curricu- lum programs and staff liaison for the 700-member IBAT Leadership Division. Courtney joined IBAT in 1999, serv- ing in several departments during her tenure. Most recently, she served as SVP of education. She has been rec- ognized with the Young Professional Leadership Award from TSAE Q The Independent Bankers Association of Texas (IBAT) in Austin announced the promo- tions of Chris- topher L. Williston, VI, CAE, and Ju- lie Courtney, CAE, CMP. Both senior management staff mem- bers, Williston now serves as EVP-admin- istration and Courtney as President- IBAT Education Foundation. IBAT President/CEO Chris Williston an- nounced the promotions, effective November 1. “I’m proud of the staff we have built as we continue to lay succession plans for the future management of IBAT and its subsidiaries,” Chris Williston said. In his new role, Christopher Wil- liston will assume responsibility for membership recruitment and reten- tion, communications, and internal Danny Beyhan, chief operating officer, has been named president and chief operating of- ficer of The Citizens Bank in Farming- ton, NM. The announce- ment was made by Jeff Howle, presi- dent/CEO of Citizens Bank- shares Inc. Citizens Bank, along with Citizens Trust and Invest- ment Corporation, are wholly-owned subsidiaries of Citizens Bankshares Inc. Beyhan, a San Juan County native, has over 30 years of banking expe- rience, the last 12 years at Citizens Bank. He is a graduate of Western New Mexico University and the the Gradu- ate School of Banking at Colorado in Boulder. In addition to his responsibilities at the bank, Beyhan serves on the boards for several charitable organiza- tions in the community. Howle will remain as CEO of Citi- zens Bank and president/CEO of Citi- zens Bankshares until his retirement at year end 2017. He will continue to serve on the boards of directors after his retirement from the day to day operations of the bank and the other companies Q Volume 149, No. 19 November 21, 2016 www.bankersdigest.com Independent Bankers Association of Texas Names Williston, Courtney to Executive Roles Citizens, Farmington, Names Beyhan Pres Beyhan Consumers Trust Banks to Keep Their Payments Safe Feature..............................................3 In This Issue... Published weekly on Mondays except fifth Mondays Williston Courtney Dunn Dunn Joins Gateway Bank in Arkansas Joseph T. “Joe” Dunn has joined the management team of Gateway Bank, Rison, AR, as executive vice president, said Troy Duke, presi- dent. Dunn, a native Arkan- san raised in Bradford, is a resident of North Little Rock. He received a bachelor’s degree from Pensacola Christian College in Pensacola, FL, and an MBA degree from the University of Central Arkan- sas in Conway. He is also a graduate the Southwestern Graduate School of Banking (SWGSB) at SMU in Dallas. Dunn’s banking career began in 2001 with Metropolitan National Bank, where he served in consumer and small business lending. He later served with First Security Bank as a (continued on Page 5)

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Page 1: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

operations of the association. Williston joined IBAT in 2009 as

director of a s s o c i a t i o n management services and was promoted to VP of com-munications in 2012. He is also cur-rently serving as chair-elect of the Texas Society of As-

sociation Executives (TSAE). In her new role, Courtney will be re-sponsible for all IBAT banker education programs. She will also serve as the liai-son with various university bank curricu-lum programs and staff liaison for the 700-member IBAT Leadership Division. Courtney joined IBAT in 1999, serv-ing in several departments during her tenure. Most recently, she served as SVP of education. She has been rec-ognized with the Young Professional Leadership Award from TSAE Q

The Independent Bankers Association of Texas (IBAT) in Austin announced

the promo-tions of Chris-topher L. Williston, VI, CAE, and Ju-lie Courtney, CAE, CMP. Both senior management staff mem-bers, Williston now serves as EVP-admin-

istration and Courtney as President-IBAT Education Foundation. IBAT President/CEO Chris Williston an-nounced the promotions, effective November 1. “I’m proud of the staff we have built as we continue to lay succession plans for the future management of IBAT and its subsidiaries,” Chris Williston said. In his new role, Christopher Wil-liston will assume responsibility for membership recruitment and reten-tion, communications, and internal

Danny Beyhan, chief operating officer, has been named president and chief

operating of-ficer of The Citizens Bank in Farming-ton, NM. The a n n o u n c e -ment was made by Jeff Howle, presi-dent/CEO of Citizens Bank-shares Inc. Citizens Bank,

along with Citizens Trust and Invest-ment Corporation, are wholly-owned subsidiaries of Citizens Bankshares Inc. Beyhan, a San Juan County native, has over 30 years of banking expe-rience, the last 12 years at Citizens Bank. He is a graduate of Western New Mexico University and the the Gradu-ate School of Banking at Colorado in Boulder. In addition to his responsibilities at the bank, Beyhan serves on the boards for several charitable organiza-tions in the community. Howle will remain as CEO of Citi-zens Bank and president/CEO of Citi-zens Bankshares until his retirement at year end 2017. He will continue to serve on the boards of directors after his retirement from the day to day operations of the bank and the other companies Q

Volume 149, No. 19November 21, 2016 www.bankersdigest.com

Independent Bankers Association of Texas Names Williston, Courtney to Executive Roles

Citizens, Farmington,Names Beyhan Pres

Beyhan

Consumers Trust Banks to Keep Their Payments SafeFeature..............................................3

In This Issue...

Published weekly on Mondays except fifth Mondays

Williston Courtney

Dunn

Dunn Joins Gateway Bank in ArkansasJoseph T. “Joe” Dunn has joined the management team of Gateway Bank,

Rison, AR, as executive vice p r e s i d e n t , said Troy Duke, presi-dent. Dunn, a native Arkan-san raised in Bradford, is a resident of North Little

Rock. He received a bachelor’s degree from Pensacola Christian College in Pensacola, FL, and an MBA degree from the University of Central Arkan-sas in Conway. He is also a graduate the Southwestern Graduate School of Banking (SWGSB) at SMU in Dallas. Dunn’s banking career began in 2001 with Metropolitan National Bank, where he served in consumer and small business lending. He later served with First Security Bank as a

(continued on Page 5)

Page 2: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

Page 2 BANKERS DIGEST November 21, 2016

Washington Federal in Dallas has recently hired Blake Beavers as a

commercial bank-ing relationship manager for the Dallas/Fort Worth market. Beavers joins Washington Fed-eral with 20 years of financial ser-vices industry ex-pertise. He most

recently served as a SVP at Green Bank in the Dallas market. Earlier, he served nearly seven years as manag-ing director at American Capital Solu-tions in Tyler. Prior to this position, he served at Regions Bank in Tyler and at Wells Fargo and JPMorgan Chase Bank in Austin. Beavers earned a BBA degree in finance from The University of Texas at Austin in 1993 Q

Corsicana bank executive Ken Mixon has authored a humorous and mostly

true book about his banking career and his passion for hunting and fishing. Mixon has served since 2012 as president/CEO of City National Bank in Corsicana. He is a career

banker, a native of Ardmore, OK, and was raised in Atoka, OK. He graduated from Oklahoma Baptist University in 1977 with a degree in business admin-istration. Mixon’s banking career has includ-ed positions as a teller, operations of-ficer, cashier, CFO, lender, president, and president/CEO. He has served in banks in OK and TX during his nearly 40-year career. Mixon states he came from a fam-ily of story tellers, from his father’s mother’s family, the Gillhams. He has dedicated the book to his wife, Carol Mixon, “who always tolerated all the time I spend hunting and fishing and is probably relieved when I leave for another trip.” Q

P E O P L E TEXAS

Beavers Is Relationship Manager, Washington Fed’l

Bankers Digest®

Established 1942A Weekly Bank News Magazine

(USPS 041180)Published weekly on Monday except fifth Mondays

at 9516 Bill Browne Lane, Dallas, Texas 75243Copyright 2016 Bankers Digest®

BONNIE JAMISON BLACKMAN, Publisher/EditorR. GILBERT BLACKMAN JR., Managing Editor

P. O. BOx 743006Dallas, Texas 75374-3006

Phone 214/221-4544Fax 214/221-4546

E-mail: [email protected]: www.bankersdigest.com

One year subscription rate:Print $39.00, Online $26.00; Both $50.00. Single copy $1.00

Opinions expressed by writers of bylined articles are not necessarily those of Bankers Digest. We make no representations or war-ranties for information, products, or services contained in any advertisement in this maga-zine or on our website. Editorial guidelines may be obtained upon request. Articles and photos may be submitted to above address.

Periodical postage paid at Dallas, TexasPOSTMASTER: Send address changes to Bankers Digest®, P.O. Box 743006, Dallas,

Texas 75374--3006

Beavers

In This Issue...

Consumers Trust Banks to Keep Their Payments Safe Feature..............................................3

Newswatch...................................6-8

Charter Activity..............................9

Classified.......................................10

Corsicana Banker Mixon Authors Banker/Hunter Book

Mixon

CORRECTIONKen Mixon, a thirty nine year banker, has assembled “a Mostly True Story” of his banking, hunting, and child-hood experiences. His stories about growing up in a small town in Oklahoma are paired with hunting stories to cre-ate a history of one banker’s life. Some of the stories are humor-ous, some are serious and some are a little bit of both.

Now available for $19.99 plus shipping only at

www.KenMixonTexasBanker.com

In the November 7 issue under Ar-kansas: Newswatch, former Pinnacle Bank of Rogers CEO Joe Mills was in-correctly reported as current president of Integrity First Bank, N. A,. in Moun-tain Home, AR. The president of Integrity First Bank in Mountain Home is Joe Miles who has held that position since 2003. These are not the same bankers, said John Reding ([email protected]), SVP, Retail/Business Development/Marketing, Integrity First Bank, Moun-tain Home Q

Wanted:Rising Star or New Hire

News at Your Bank Send Us Your Bank News to

Report at No [email protected]

Subscribe to Bankers Digest

Print and Online/Digital Edition

To order: www.bankersdigest.com

Page 3: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

November 21, 2016 BANKERS DIGEST Page 3

F E AT U R E

B D

FEATURE

Source:American Bankers Association

Washington, DCwww.aba.com

CONSUMER TRUSTConsumers Trust Banks to Keep Their Payments Safe

An over-w h e l m i n g majority of consumers — 82% — trust banks most to keep their

payments safe, according to a recent survey from the American Bankers As-sociation. In a distant second place, only 11% of consumers trust alterna-tive payment providers to protect their payments. After this, trust of telecom companies and major retailers drops off the table. “Banks always make the safety and security of customer data a top prior-ity,” said Steve Kenneally, ABA’s vice

president of payments and cyberse-curity policy. “Even as more and more payment providers enter the market-place, consumers remain highly confi-dent in their banks’ ability to transmit their payments safely and securely.” In a national survey conducted in August 2016 when asked “Who do you trust most to keep your payments safe?” consumers provided the follow-ing answers:

• Banks — 82% • Alternative Payment Provider (e.g., Apple, PayPal, Venmo, etc.) — 11% • Telecom Company (e.g., Sprint, Veri-zon, etc.) — 4% • Major Retailors — 3%

Kenneally also noted that many banks have enhanced their security features to include a chip on their payment cards. The chip — a small, metallic square on the front of the payment card — assigns a one-time code for each transaction, and makes it nearly impossible for fraudsters to create counterfeit cards.

The August 2016 survey also found that 21% of consumers have used a mobile app on their mobile phone to make a payment. Of those who have, the most popular methods are PayPal (65%) and Apple Pay (34%). Android Pay is the third most popular mobile payment app (32%). The survey of 1,000 U.S. adults was conducted for the ABA by Ipsos Pub-lic Affairs, an independent market re-search firm, during the time period of August 8-10, 2016. For the survey, a national sample of 1,000 adults aged 18 and older were interviewed online. Weighting was employed to balance demographics and ensure that the sample’s composition reflects that of the universe. A survey with an un-weighted probability sample of this size and a 100% response rate would have an estimated margin of error of +/- 3.1 percentage points 19 times out of 20 of what the results would have been if the entire population of adults aged 18 and older in the U.S. had been polled Q

Page 4: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

Page 4 BANKERS DIGEST November 21, 2016

Mercantil Commercebank, headquar-tered in FL, has announced Guillermo Ramirez as middle market junior loan

officer at the TX regional office lo-cated at 750 Town and Country Blvd., Ste. 200, Houston. Francisco Rivero, EVP and regional manager for the TX market, made the announce-ment.

Prior to joining Mercantil Commer-cebank, Ramirez worked as an assis-tant vice president and branch man-ager for Comerica Bank in Houston for more than five years. Ramirez earned an MBA degree from the University of Houston’s Bauer College of Business. Mercantil Commercebank has seven banking centers in the Greater Houston area Q

Texas Heritage Bank in Cross Plains announced that Stan Lambert has

been named di-rector and busi-ness development officer., according to David Estes, SVP and branch president. Lambert was born and raised in Abilene and grad-

Spirit of Texas Bank, SSB, College Sta-tion, has announced Cody L. Frazier

as its newest addi-tion to the Dallas commercial team as Dallas market president at the 3100 Monticello Ave. location. Frazier joins Spirit of Texas with more than 19 years of banking

experience. He serves his community as the mayor of Crandall, a suburb SE of Dallas. He serves on the boards for Rumble Against Cancer, Kaufman County Children’s Advocacy, and Crandall ISD Education Foundation. Frazier also served as past presi-dent of the alumni board of the South-western Graduate School of Banking at SMU. He holds a BBA degree from Amberton University and is a gradu-

ate of the Southwestern Graduate School of Banking at SMU.

Spirit of Texas also announced Sean O’Neal as its newest addition to the commer-cial lending staff as market direc-tor – commercial loan officer at the Grapevine banking center at 601 W.

Northwest Hwy. O’Neal has served in banking for more than 15 years, primarily in commercial lending and commercial credit. He and his family have lived in Grapevine for eight years. He is currently active in the community with the Baylor Grapevine NICU, Lake Grapevine Ducks Unlimit-ed, and the Tarrant County Food Bank. He earned a BBA degree in finance from Texas Christian University Q

P E O P L E TEXAS

Purkeypile and Edwards join Arvest Ok City Market

Ramirez

Arvest Bank has hired two bankers in the Greater Oklahoma City market. Ben Purkeypile has joined as as-sistant vice president of community banking in Del City. He previously served as an assistant vice president of business banking for BancFirst and earlier served at Citizens Bank in Ed-mond. He holds a business adminis-tration degree from the University of Central Oklahoma. Paul Edwards has joined as a mortgage loan officer in Norman. His background includes mortgage origi-nation and processing with Republic Bank in Norman and most recently with Gateway Mortgage. He holds a degree in accounting and finance from the University of Oklahoma Q

Spirit of Texas Bank Names Frazier Dallas Market President, O’Neal CLO in Grapevine

O’NealFrazier

Lambert Is Business Development Officer in Cross Plains

Lambert

uated from Abilene Christian Univer-sity in 1975. He has had a successful career in local banking. He has served in community affairs capacities over the years, including as a trustee for the Abilene ISD the past 10 years. His most recent public accomplishment has been his election as the District 71 representative to the Texas House of Representatives. Texas Heritage Bank has offices in Cross Plains, Boerne, and San Antonio Q

OKLAHOMA

TEXASRamirez Joins Mercantil Commercebank in Houston

Rising Star or New Hire at Your Bank?

Send Us Your Bank News [email protected]

Page 5: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

November 21, 2016 BANKERS DIGEST Page 5

P E O P L E

IBERIA Wealth Advisors Names Burke Senior VP

Burke

IBERIA Wealth Advisors, IBERIA-BANK’s trust and asset manage-

ment business subsidiary of I B E R I A B A N K , the 129-year-old subsidiary of IBERIABANK Corporation, has announced the naming of Chris-topher Burke, CFA, as senior vice

president and senior portfolio man-ager for Baton Rouge. Burke will work with IBERIABANK’s high net worth cli-ents and institutional clients to devel-op and maintain wealth preservation and asset transfer strategies to meet their long-term financial goals. Jefferson G. Parker, vice chairman and managing director of Brokerage, Trust and Wealth Management for IBERIABANK Corporation, made the announcement. Burke joins the company with over 25 years of investment and wealth management experience. He most re-cently served as senior vice president and portfolio manager with Regions Financial Corporation. He chaired the asset allocation committee for three years and oversaw more than $850 million in assets for both individual and institutional clients. Burke also has experience as a mutual fund ana-lyst, where he provided research cov-erage on equity and fixed income mu-tual funds, as well as having served as director of research of an institutional consulting firm, where he was respon-sible for all facets of asset allocation, manager due diligence, and capital markets forecasting. Burke earned a Chartered Financial Analyst designation in 1997 and is a member of the CFA Institute. He has spoken at numerous investment con-sulting conferences in addition to be-ing a guest lecturer at Centenary Col-lege in Shreveport. He is a graduate of LSU in Baton Rouge, where he earned a BSBA de-gree and an MS degree in finance Q

Sarah Haynes has been named branch banking officer/branch ex-

ecutive at the Minden/Homer Road location of Citizens National Bank, N. A., Boss-ier City. Haynes began a banking career with Webster Bank & Trust Co. and later served

at Hibernia National Bank. Since 1986, she has worked as the director of Physician Relations & Industry for the Minden Medical Center. She is active in community affairs in the Minden area and was chosen as the 2013 Woman of the Year. She serves as a board member/secretary for the Webster Claiborne Alumni As-sociation, the Drewe Des Ambassa-deurs, and as chairwoman of the Min-den Planning Commission. Haynes earned a BA degree in mar-keting from University of Louisiana Monroe (formerly Northeast Louisi-ana University) in 1983 Q

Haynes Joins Citizens, Branch Exec for Minden

Haynes

John Burgess has joined the Arvest Bank board of directors for the central Arkansas region. Burgess serves on the board of advisers for the International Asso-ciation of Cloud & Managed Service Providers. He received a BS degree in computer science from the University of Arkansas at Little Rock Q

Burgess Joins Board of Arvest, Central Arkansas

ARKANSASLOUISIANA

DUNN (continued from Page 1)

commercial lender and later moved to Beebe to serve as community ex-ecutive for Simmons First Bank. From 2007-2015, Dunn served as central market president for Eagle Bank & Trust in Little Rock. He most recently served since mid-2015 as executive vice president/market leader at Bank of the Ozarks in Little Rock. Gateway Bank currently serves two AR communities, Rison and Malvern, and has a limited purpose office in Bryant. Future plans will be to open the Bryant office as a full-service bank location. Gateway Bank reports total assets of $55.3 million and deposits of $49.7 million as of June 30, 2016. The bank has been owned by Sigma Holdings Inc. of Rison since the fall of 2013 Q WWW.BANKERSDIGEST.COM

Page 6: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

Page 6 BANKERS DIGEST November 21, 2016

Home BancShares Inc. (“Home” or “the Company”), parent company of Centennial Bank, ( “Centennia l ” ) , both of Conway, and Giant Hold-ings Inc. (“GHI”), parent company of Landmark Bank, N. A. (“Land-mark”), headquar-tered in Ft. Lau-derdale, FL, on November 7 announced the signing of a definitive agreement and plan of merger for Home to acquire GHI. Under the terms of the agreement, GHI will merge into Home, Landmark will merge into Centennial, and share-holders of GHI will receive proceeds from the transaction of approximately $88.5 million, consisting of $18.5 mil-lion in cash and $70.0 million of Home common stock. GHI currently operates six branch locations in the Ft. Lauderdale area. As of September 30, 2016, GHI had approximately $463.0 million in total assets, $335.2 million in loans, and $368.2 million in deposits. Upon com-pletion of the acquisition, the Com-

N E W S W A T C H

French, Centennial’s CEO. “In addi-tion, this merger provides an exten-sion of our existing market area. We look forward to working with Land-mark’s staff and will be committed to providing Landmark’s customers with the high quality customer service they’ve grown accustomed to.” The acquisition is expected to close in the first quarter of 2017 and is subject to GHI shareholder approval, regulatory approvals, and other cus-tomary conditions. Centennial and Landmark plan to convert to a single operating system, in March 2017. According to George Waldon’s arti-cle posted at www.arkansasbusiness.com, Centennial already had the 29th larg-est bank presence in FL as measured by deposits, and only 12 banks have more branches in FL than Centen-nial’s 58. Landmark, chartered in 1998, re-ported $52.6 million in equity capital as of June 30, 2016. Net income for the first half of 2016 was $460,000, a steep decline from 2015, when the bank earned $2.63 million in the first two quarters on its way to a $5 mil-lion annual profit. After chargeoffs in the first quarter, Landmark charged off $1.1 million in the second quarter Q

Home BancShares and Ft. Lauderdale, FL-based Giant Holdings Announce Merger Agreement

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ARKANSAS

Allison

pany will have approximately $10.2 billion in total assets. “The acquisition of Landmark al-lows us to increase our market share in the Ft. Lauderdale area. We con-sider this acquisition a smart deal, and it is immediately accretive to di-luted earnings per share, book value and tangible book value,” said John Allison, Home’s chairman. “We have remained disciplined in our pricing in order to provide our shareholders added value on day one, while adding a great bank to our company. I person-ally look forward to working with Jeff Roschman, GHI’s chairman, and his fine team of bankers. Jeff and I share the common interest of continuing to build this company.” “We are excited to have found a new partner in Home BancShares and Centennial,” said Perry LaCaria, Landmark president/CEO. “Together, with an expanded range of products and Home’s history of strong financial performance, we will be able to serve an even wider array of customers in Southeast Florida.” “This combination is financially at-tractive to both parties and a great strategic and cultural fit,” said Tracy

Equity Bancshares, Wichita, KS, Completes Harrison DealEquity Bancshares Inc., Wichita, KS, parent company of Equity Bank, an-nounced November 10 that it has completed its acquisition of Com-munity First Bancshares Inc. of Har-rison and the merger of Community First Bank with and into Equity Bank, pursuant to the terms of its definitive agreement announced in July 2016. With completion of the transaction, Equity now has $2.0 billion in assets, including $1.3 billion in loans, $1.6 billion in deposits, and 34 locations throughout its footprint spanning KS, MO, and AR. Locally in AR, Ann B. Main is mar-ket leader of Equity’s Ozark Mountain region, David C. Morton will serve as AR CEO, and Danny Criner is chief credit officer for AR Q

Page 7: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

November 21, 2016 BANKERS DIGEST Page 7

N E W S W A T C H TEXAS

First United Bank and American Bank of Texas Complete Merger to Form $5.8 Billion Bank

PlainsCapital Inks Deal for Space in The Star in Frisco

PlainsCapital Bank, Dallas, has an-nounced it has signed two leases for banking facilities at The Star in Frisco, the Dallas Cowboys’ new mixed-use project, according to an article by Steve Brown in The Dallas Morning News. PlainsCapital Bank has leased 5,083 square feet of office space and 4,000 square feet of retail space (branch) in the development on Warren Pkwy. west of the Dallas North Tollway. “The new location enables us to double the size of our Frisco op-erations to better serve our growing commercial and individual customer base,” said Jamie Robertson, Plain-sCapital Bank Frisco president. PlainsCapital Bank, headquartered in the Uptown financial district of downtown Dallas, currently has nine locations in the Dallas area. The Star is a development of Jerry Jones, owner/general manager of the Dallas Cowboys football club. Along with the Cowboys offices and prac-tice facilities, and a 12,000-seat Ford Center sport venue, The Star will have a 300-room Omni Hotel, a retail and restaurant complex, and a Baylor Scott & White medical center Q

(L to R): Greg Massey, CEO of First United; Lacy Harber and Dorothy Harber, owners of American Bank of Texas; John Massey, chairman, First United; Joe Rushing, senior chairman & senior executive managing director of American Bank of Texas

On November 11, two leading fi-nancial services organizations, First United Bank, Durant, and American Bank of Texas, Sherman, for-mally merged to form one of the largest privately-held banks in the US with assets of $5.8 billion. The formal a g r e e m e n t was signed on November 10 in Durant be-tween Lacy and Dorothy Harber (owners of American Bank of Texas) and John and Greg Massey (chairman and CEO of First United, respectively). As of Friday, November 11, the banks began operating as one insti-tution under the First United brand and opened to customers as First United on Saturday, November 12. The merged banks will serve 44 sepa-rate communities with 70 locations across TX and OK. “I am excited about combining our two bank families. Both organizations have a shared commitment to doing what’s right for our stakeholders, meeting the financial needs of our customers, and enriching communi-ties by not only meeting economic needs but also through community involvement and participating in lo-cal leadership,” said Greg Massey, CEO, of First United Bank. “Combining with First United is a blessing for our communities. Like American Bank of Texas, they be-lieve in preserving community banks where decisions are made locally. The additional resources will provide us with the ability to continue to of-fer upgrades and advancements to our customers. Together, we are bet-ter,” said Wes Shelton, president of American Bank of Texas. Established in 1900, First United Bank has more than 50 locations throughout North TX and OK. It is

one of the largest, well-capitalized banking companies in the Southwest with assets over $3.3 billion, and it

is among the largest private-ly held commu-nity banking organizations in the US. First United pro-vides a full range of finan-cial services in-cluding bank-ing, mortgage, insurance, and i n v e s t m e n t products and services.

American Bank of Texas was origi-nally chartered in 1971. The bank has thrived under the care of the Harber family. From the Red River to Central TX, the bank has 32 branches and over $2.3 billion in assets and locations in Aus-tin, Bonham, Bulverde, Dallas, Denison, Fredericksburg, Frisco, Gainesville, Gar-den Ridge, Horseshoe Bay, Kingsland, Lakeway, Leonard, Marble Falls, McKin-ney, Pottsboro, Prosper, Schertz, Seguin, Sherman, Temple, and Whitesboro Q

OKLAHOMA

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David Kinard Integrity May 14 4C.pdf 1 10/30/14 12:47 PM

Page 8: Independent Bankers Association of Texas Citizens ... · lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas,

Page 8 BANKERS DIGEST November 21, 2016

N E W S W A T C H TEXAS

T Bank, Dallas, Attracts New Ownership Lead by A. Haag Sherman and Investment Advisor Cain Watters & AssociatesT Acquisition Inc. and T Bancshares Inc. (OTC Pink: TBNC), the parent holding company of Dallas-based T Bank, N. A., a national banking associ-ation, jointly announced recently the signing of a definitive agreement for T Acquisition to acquire T Bancshares by means of a merger. Pursuant to the merger agreement, a subsidiary of T Acquisition will merge with and into T Bancshares with T Bancshares as the surviving company. T Bancshares will retain its name, and T Bank will con-tinue to operate under its same name as the sole operating subsidiary of T Bancshares. Pursuant to the terms of the merg-er agreement, each outstanding share of T Bancshares common stock will be converted into the right to receive an amount in cash consisting of two pay-ments that, based on T Bancshares’ Adjusted Equity (as defined by the merger agreement), would have to-taled approximately $10.00 per share at September 30, 2016. A special divi-dend will be paid by the company immediately prior to closing in an amount by which T Bancshares’ Ad-justed Equity exceeds $20,000,000. Based on T Bancshares’ shareholders’

equity as of September 30, 2016, the special dividend would have equaled approximately $1.97 per share. The special dividend will increase (or de-crease) based on T Bancshares’ net in-come (or net losses) from September 30, 2016, to a date just prior to clos-ing. In addition to the special divi-dend, T Bancshares’ shareholders will be entitled to receive from T Acquisi-tion approximately $8.03 per share, subject to adjustment. Completion of the transaction is subject to certain closing conditions, including regulatory and shareholder approval. Following the successful completion of these steps, it is antici-pated the transaction will close during the first quarter of 2017. T Acquisition Inc. is a TX-based corporation that was formed by A. Haag Sherman, the CEO of Tectonic Holdings, LLC, and the partners of Cain Watters & Associates, P.L.L.C., a Plano-based investment advisory firm, for the purpose of acquiring and operating T Bancshares Inc. Sherman, a CPA and an attorney, has a background in private-equity fund management and investment porfolio management, in addition to

working at Price Waterhouse and prac-ticing corporate law for Akin, Gump, Strauss, Hauer, & Feld, LLP. T Bancshares Inc. reported, on a consolidated basis, approximately $206.9 million in assets, $162.5 mil-lion in total loans, $169.5 million in deposits, and total equity of $28.7 million as of June 30, 2016. Chartered in 2004, T Bank is a full-service commercial bank offering a broad range of commercial and con-sumer banking services. T Bank’s prin-cipal banking markets include Dallas, Tarrant, Denton, Collin, and Rockwall counties. T Bank also serves certain niche markets on a national scale, in-cluding providing loans and trust ser-vices to dentists and small business lending under its Small Business Ad-ministration lending programs. Investment banking firm Commerce Street Capital, Dallas, acted as finan-cial advisor to T Bancshares Inc. and reported this definitive agreement Q

MISSISSIPPI

Jackson-based Trustmark Corp. an-nounced on November 11 it plans to purchase RB Bancorp of Athens, AL, the parent of Reliance Bank, Athens, for $25.6 million in cash. Reliance Bank has seven offices, in-cluding four in Huntsville, AL, which will give Trustmark a presence in the rapidly growing Huntsville area for the first time. Reliance has $210 million in assets. Trustmark, with $13.2 billion in as-sets, has 194 offices in MS, AL, FL, TN, and TX Q

Trustmark to Buy AL’s Reliance Bank for $25.6 Million Cash

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November 21, 2016 BANKERS DIGEST Page 9

R E G U L A T O R S

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a c t i v i t yArkansasMERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF ST. LOUIS has received an applica-tion by The McGehee Bank Employee Stock Ownership Plan, McGehee, to acquire additional direct ownership of up to 35% of Southeast Financial Bankstock Corp., McGehee, and there-by increase its indirect control of Mc-Gehee Bank, McGehee.LouisianaBRANCHES The OFFICE OF FINANCIAL IN-STITUTIONS has approved an ap-plication by Southern Heritage Bank, Jonesville, for a branch at 701 Fourth St., Alexandria. The OFI has approved an applica-tion by Gulf Coast Bank and Trust Company, New Orleans, to relocate a branch: from 3916 Hwy. 223 to 4565 Lasalle St., both in Mandeville. The OFI has filed an application by First American Bank and Trust, Vach-erie, for a branch at 13039 Hwy. 73, Geismar.MAIN OFFICE RELOCATION The OFI has approved an applica-tion by The Cottonport Bank, Cotton-port, to relocate its main office from 153 Cottonport Ave. to 942 Bryan St., both in Cottonport.MERGERS AND ACQUISITIONS The OFI has filed an application by Caldwell Holding Company, Colum-bia, to acquire 100% of the issued and outstanding shares of common stock of Progressive National Financial Corp., Mansfield, and thereby directly acquire its subsidiary, Progressive Na-tional Bank, Mansfield.OklahomaCHARTERS The OKLAHOMA STATE BANK-ING BOARD has received an applica-tion by First National Bank in Hominy, Hominy, for conversion from a nation-al charter to a state chartered institu-tion. The proposed name is 1st Bank in Hominy.

TexasBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has ap-proved an application by Southwestern National Bank, Houston, for a branch at 500 N. Central Expy., Richardson. The OCC has received an applica-tion by Landmark Bank, N. A., Colum-bia, MO, for a branch at 1181 Custer Rd., Frisco. The OCC has received an applica-tion by Wells Fargo Bank, N. A., Sioux Falls, SD, for a branch at the NEC of Preston Rd. and US Hwy. 380, Prosper.MERGERS AND ACQUISITIONS The TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LEND-ING has received an application by SouthStar Bank, SSB, Moulton, to engage in a P&A agreement with The First National Bank of Hughes Springs wherein First National Bank of Hughes Springs will acquire certain assets and assume certain liabilities, including deposit liabilities, of two branches of SouthStar Bank, SSB, at 101 Gassaway Ave., Lott, and 119 Craik St., Marlin, both in Falls County. The OCC has received a business combination-non-affiliate P&A by The First National Bank of Hughes Springs involving two branches owned by SouthStar Bank, SSB, Moulton, locat-ed at 101 Gassaway Ave., Lott, and 119 Craik St., Marlin.

The OCC has received a notice for a change in bank control involving Inter National Bank, McAllen. The purchas-er name is James W. Collins, as trustee for the Collins Family Trusts. The OCC has reported a business combination-affiliate merger applica-tion by Citizens National Bank, Hen-derson, and target Kilgore National Bank, Kilgore, was effective on No-vember 4 Q

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PEOPLEOCC Taps Morgan as Senior Deputy for Large Bank SupThe Office of the Comptroller of the Currency (OCC) on November 1 an-nounced that Morris Morgan will be the agency’s senior deputy comptrol-ler for large bank supervision. Morgan will direct more than 700 employees who supervise the coun-try’s largest national banks and fed-eral branches and agencies. He will serve as a member of the OCC’s ex-ecutive committee and the committee on bank supervision, and will oversee the operations of the agency’s inter-national banking supervision group and the OCC’s London office. He will assume these responsibilities on De-cember 24, 2016. He has more than 30 years of ser-vice with the OCC Q

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Page 10 BANKERS DIGEST November 21, 2016

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POSITIONS AVAILABLE

INSTITUTIONAL EQUITY AND/OR OPTIONS SALES. Dallas-based. Emphasis on buy side firms, hedge funds EFT’s, etc. must have series 7, 63. Unlimited earnings potential but typically in the 250—300k range. For information call or write [email protected]. 214-515-7606.

SR. COMMERCIAL LENDER needed for fast growing regional bank ex-panding into the Dallas-Fort Worth market. 5-10 years experience origi-nating mid-market C&I, CRE, and SBA loans. Must be well networked with current production history. Send resume to [email protected]. 214-515-7609.

COMMERCIAL LENDER, AUSTIN: Senior-level C&I LENDER oppor-tunity. Average loan size $5MM, in-house of $18MM, fast decisions. Position requires significant local following. Mark Mitchell, Lone Star Search. 972-335-9009. www.lon-estarsearch.net. MARKET PRESIDENT, LAREDO: Unique opportunity for local, se-nior COMMERCIAL LENDER to grow and implement this Texas bank’s brand. Mark Mitchell, Lone Star Search. 972-335-9009. www.lon-estarsearch.net.

COO opportunity at expanding com-munity bank in West Central, TX. Will consider relocation for the right candidate. Responsible for updat-ing the IT infrastructure, overseeing Treasury Services, and BSA. Please contact Gabe Haro at [email protected].

$200M East Texas community bank seeking an EXPERIENCED LENDER with commercial and real estate lending background. College de-gree with a minimum of five years

lending experience required. Re-sponsibilities include business de-velopment and community involve-ment. Strong underwriting and organizational skills required. Send resume to [email protected], subject line Box S-2.

Large independent financial insti-tution has an immediate full-time opening for a SENIOR COMMER-CIAL LENDING OFFICER-PRIVATE BANKING. Position requires at least 15 years experience in commercial lending; professional customer base preferred. Extensive knowledge of commercial lending regulations and procedures a must. College degree in finance, accounting, or related field is required. Individual must possess strong business develop-ment skills. Excellent salary and benefits. Qualified individuals may apply on-line at www.americanbank.com. Equal Opportunity Employer. A high performing independent com-munity bank in Artesia, New Mexico, has an opening for an INFORMA-TION SECURITY/IT OFFICER. Duties include maintaining a reliable, se-cure, and efficient data communica-tions network. The ideal candidate must be able to deploy, configure, maintain, and monitor all active net-work equipment and provide tech-

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November 21, 2016 BANKERS DIGEST Page 11

Inside LBJ loop residence; com-munity & family oriented individual a plus. Bank maintains rapid ap-proval procedures and lending lim-its exceeding $60 Million. CRE and C&I focused. Send information to [email protected], subject line Box N-1.

CHIEF LENDING OFFICER for a $270MM community bank, currently with three branches. Prefer experi-ence in commercial, real estate and consumer lending, supervising lend-ing personnel and a working knowl-edge of lending regulations and loan operations. This is an excellent opportunity for someone who de-sires to be a part of the community and management succession plan of the bank, with a potential path to CEO. To arrange for a confidential discussion about the position, con-tact Missy Wilson, Human Resourc-es Director, First National Bank & Trust Okmulgee at 918-758-2445. For online inquiries or resume sub-mission, please email [email protected]. First National Bank & Trust is an Equal Opportu-nity Employer – Veterans/Disabled and other protected categories, and Member FDIC.

COMMERCIAL & INDUSTRIAL/HEALTHCARE SENIOR LOAN OFFI-CER – Central National Bank, Tulsa

nical troubleshooting and expertise across the IT infrastructure includ-ing, security, networking, servers, and storage technologies. Applicant should have proven experience in a network administrator role. For more information, contact Western Bank at 575-748-1345. Send resume to [email protected].

Bank of the San Juans has an op-portunity for a COMMERCIAL LOAN OFFICER in Durango, Colorado. Requires a minimum of 3 years of commercial lending experience and a strong sales and business devel-opment orientation. Excellent ben-efits. Apply online at www.glacier-bancorp.com. Bank of the San Juans is an Equal Opportunity Employer.

CREDIT ANALYST – Northeast Texas area bank: Community Bank needs a credit analyst for $230 mil-lion bank. Bachelor’s degree and 3-5 years experience preferred. In-terested parties may send a resume to [email protected].

COMMERCIAL LENDER needed for Dallas location of a high per-forming North Texas Community Bank. Applicant must have a bach-elor’s degree in business and at least five years Dallas Area banking experience. Strong underwriting and organizational skills required.

Branch is seeking a lender/relation-ship manager with 5+ years in one or a combination of the following: Commercial banking – Business or Private and have extensive experi-ence lending to healthcare practi-tioners and institutions. Credit anal-ysis or similar background is a plus. Individual must be self-motivated with a high level of initiative and ac-countability, and also with a proven business development track record. Excellent compensation package and benefit plan. Relocation pack-ages may be available. Qualified candidate should email a resume to Jan Redding at: [email protected]. EOE/AA/Vet/Disability.

COMMERCIAL LOAN OFFICER – Lone Star Capital Bank, Marble Falls, TX, Branch. Minimum of five years of commercial and real es-tate lending experience. Bachelor of Science or Bachelor of Arts pre-ferred. Formal credit training is a plus. Community involvement will be expected. Salary and title com-

Community Bank Senior Lending OfficerCollegiate Peaks Bank, a privately held $420MM community bank, is looking to hire a well-rounded senior bank lending officer for its head-quarter banking center in Buena Vista, Colorado – located in the heart of the Upper Arkansas River Valley of the central Colorado mountains. The strong, vibrant local / regional economy is well diversified, yet lead by new in-migration population growth, new construction, high level of tourism demand, and commercial development & expansion. Po-tential candidates should possess at least five (5) years of community bank lending & management experience along with strong demonstra-ble past business development skills and formal credit underwriting abilities. Chosen candidate will have responsibility for administration and growth of an existing portfolio. Compensation, commensurate with qualifications, to be a combination of base salary & formal incen-tive program – plus a generous benefits package. For more informa-tion, please forward resume and cover letter via email to Burke L. Kai-ser President – Mountain Region ([email protected]). Equal Opportunity Employer. Member FDIC.

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gree with a minimum of five years lending experience required with strong underwriting and organiza-tional skills. Responsibilities also include business development and community involvement. Please submit resume to [email protected]. EOE.

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