M. Chris Strittmatter recently joined PlainsCapital Bank in Dallas, TX, as executive vice president in com-mercial lending. He joins Plains Capital from Peo-ples Bank in Col-leyville, TX, where he had served as p r e s i d e n t / C E O since the bank was established in 2002. He earlier served as president/CEO of Texas National Bank in Southlake. The 30-year banker will be respon-sible for establishing banking rela-tionships with medical professionals

Volume 137, No. 14October 4, 2010 www.bankersdigest.com

Strittmatter Joins PlainsCapital, Dallas, as Executive Vice President/Commercial Lending

Strittmatter

and middle market companies within NE Tarrant County. Strittmatter received a BBA degree in finance from the University of North Texas in Denton. His community in-volvement includes service with the Boy Scouts of America, service as a board member of the American Heart Association, Northeast, and as a board member for both the Colleyville Chamber of Commerce and the Keep Colleyville Beautiful organization. Founded in 1988, PlainsCapital Bank reports over $4.9 billion in as-sets, 34 TX branches, and more than 600 employees in each of its major markets: Austin, Dallas, Fort Worth, Lubbock, and San Antonio Q

Progressive Bank, Monroe, LA, has opened its newest financial center at 8550 Fern Ave. in Shreveport and named its senior officer staff. Greg Lott has been named mar-ket president, and A. Cantu Jr. will serve as senior vice president, se-nior relationship manager. In addition, the bank has named Shane Blythe vice president, com-mercial relationship manager; Tyler Speckman vice president, commercial and private banking; and Rob Reagan

vice president, residential lending. Glenda Graham was named as-sistant vice and financial center manager. Progressive Bank, established in 1975 in Winns-boro, LA, has grown through de novo branching by expanding into Monroe in 1998, West Monroe in 1999, and Bossier City in 2008. During the years, the bank has opened additional offices in Monroe and opened its corporate office and a financial center at 1411 N. 19th St.in Monroe Q

Susan Millspaugh has been pro-moted to senior vice president in the mortgage division at Bank of Albu-querque, N.A., NM. Millspaugh joined the bank in February 2010 as a regional manager in the mortgage department. Prior to joining Bank of Albuquer-que, she served as senior vice presi-dent in marketing and mortgage pro-duction for the former Charter Bank, which was based in Santa Fe. A graduate of Northwestern Uni-versity, she earned an MBA degree in marketing and finance from Lake For-est Graduate School of Management in IL. Millspaugh’s community involve-ment includes membership on the boards of Ronald McDonald House, New Day Foundation, and Boo Ball. She also serves as a marketing con-sultant to the United Way of Central New Mexico Q

Lott

Progressive Bank Names Lott and Cantu Senior Officers at New Office in Shreveport, LA

Millspaugh Upped to SVP in Albuquerque

MillspaughCantu

In This Issue...

Small Business Jobs and Credit Act of 2010Feature........................................3

Charter Activity........................5

Classified...................................6

Please route this issue:

Page 2 BANKERS DIGEST October 4, 2010

p e o p l e TeXAS

Fort Worth Banker Warner Named to Advisory Council

Stone, Borders, and Rinehart Join Mortgage Team at Independent Bank in Austin

Bankers Digest®

Established 1942A Weekly Bank News Magazine

(USPS 041180)Published every Monday at Dallas, Texas

Copyright 2010 Bankers Digest®

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

9550 Forest Lane, Suite 125Dallas, Texas 75243-5964

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

E-mail: bankersdigest@bankersdigest.comwebsite: www.bankersdigest.com

One year subscription rate:Print $37.00, 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®, 9550 Forest Lane, Suite 125, Dallas, Texas 75243-5964

McKinney-based Independent Bank Group and Square One Mortgage, a division of Independent Bank, an-nounced an agreement with principals Jim Stone, Josh Borders, and Eddie Rinehart, formerly of Austin-based Treaty Oak Mortgage, to join Indepen-dent Bank’s mortgage team effective immediately. This transaction comes on the heels of the recent announce-ment of Independent Bank’s acquisi-tion of Town Center Bank (Coppell) and impending acquisition of First Bank (Farmersville). Johnny Galyean, senior vice presi-dent of Independent Bank’s mortgage

The American National Bank of Texas, Terrell, has reported that vice presi-dent George Warner was inducted as an advisory council member of Texas Wesleyan University’s 2010-2011 Cor-porate Campaign for the Wesleyan Fund. Warner, a 20-year banker, is a Tex-as Wesleyan University alumnus. He joins Hector Quintanilla, dean of Texas Wesleyan University’s School of Business, to cultivate three to five financial firms and obtain financial partnerships from these corporations for this year’s corporate campaign, which has an annual fundraising goal of $750,000. Warner serves at American Nation-al’s Rockwall Banking Center at 2865 Ridge Rd. Q

team, made the announcement. Stone, Borders, and Rinehart and their mortgage origination team have built a strong presence in the Austin market since 2004. As a result of the additions of these bankers in a strong market, Austin-area Independent Bank customers will now have local access to the bank’s mortgage department that offers a full range of mortgage products including VA, FHA, conven-tional, jumbo, interim construction loans, and investment property loans. Independent Bank Group operates 22 offices along the I-35/US Hwy 75. corridor from North TX to Austin Q

SENDING RECENT PROMOTIONS TO YOUR

LOCAL NEWSPAPER?

SEND A COPY TO

bankersdigest@bankersdigest.com

FREE REGIONAL COVERAGE OF YOUR BANK’S NEWS

October 4, 2010 BANKERS DIGEST Page 3

F e A T U R e

(continued on Page 8)

C R E D I T

H.R. 5297:Small Business Jobs

and Credit Act of 2010

B D

FEATUREUnicom can reduce

fixed asset costs with VMware.

Make one computer do the work of several.

Unicom Managed Services

Unicom is authorized to sell and install VMware

Encrypted e-mail®

®vmware®

On a 237-187 roll call vote, the U.S. House of Representa-tives on Sep-

tember 23 concurred with the U.S. Senate’s amended H.R. 5297, which would establish a $30 billion Small Business Lending Fund that interest-ed community banks can use to make loans to small businesses. The Act also includes provisions that should ignite SBA lending in the fourth quar-ter of 2010, provides targeted tax cuts for small businesses, including incen-tives for investment in new equip-ment, and for other purposes. President Obama signed the bill into law on Monday September 27. Key provisions of the Small Busi-ness Jobs and Credit Act of 2010 that will interest the banking industry are that it:• Provides up to $30 billion in capi-tal through a Small Business Lending Fund for interested community banks to use to make small business loans. The Treasury Department will man-age the program. Treasury will make investments in banks in the form of capital that will have a five percent dividend rate. This dividend rate will decrease if a bank increases its small business lending and rise if a bank doesn’t use the capital to make loans to small businesses. • Increases government guarantees on SBA’s 7(a) loans to 90% through December 31,2010; waives fees on 7(a) and 504 SBA loans through December 31, 2010; and permanently raises size limits of SBA loans, including an in-crease from $2 million to $5 million on 7(a) loans.• Provides $12 billion in target tax cuts for small businesses, including

expensing up to $500,000 of capital expenditures in 2010 and 2011 and 50% bonus depreciation in 2010.• Funds $1.5 billion in grants to sup-port state-run credit programs for small businesses.• Allows a shorter S corporation hold-ing period to mitigate the built-in-gains tax.• Enhances small business export promotion and SBA trade financing incentives. Paul Merski, senior vice president

and chief economist at the Indepen-dent Community Bankers of America (ICBA) said that hundreds of small and medium-sized banks see oppor-tunities to make more small business loans, but “are pulling in their horns to preserve capital. These banks can-not raise capital on their own because private capital markets are still largely frozen. So, the new lending program could provide the capital they need,”

Page 4 BANKERS DIGEST October 4, 2010

Matthew Minchow has been appoint-ed executive vice president of national bank products for Mutual of Omaha Bank (MOB), Oma-ha, NE. Minchow, based in Omaha will lead the bank’s national products group, including its Community Association Banc operation, which serves property management compa-nies and homeowners associations in all 50 states.

p e o p l eNeW MeXICo

Wasson Named Manager, Wells Fargo Tejeras OfficeWells Fargo Regional Banking has named Krystal Wasson store manager at 503 Hwy. 333 in Tijeras. She has 10 years of financial ser-vices experience, beginning her bank-ing career with Wells Fargo in 2000. She has progressed through the ranks serving as teller, lead teller, service manager, customer sales and service representative, and personal banker Q

N e W S W A T C H

Veritex Holdings Inc., Dallas, complet-ed its acquisition of Dallas-based Pro-fessional Bank in September. The deal was announced in March and required necessary approvals. Veritex Holdings was established by former executive of Colonial Bank’s TX operations, including current Veri-tex CEO C. Malcolm Holland who served as Colonial’s TX CEO. Veritex paid cash for the bank, ac-cording to a Dallas Business Journal news article. The bank reports assets of about $160 million and locations in the Dallas neighborhood of Lakewood, in Garland, and in the Park Cities. According to an earlier bank news release, Professional Bank CEO James Miller will oversee lending; and presi-dent and chief lending officer Mark Smith will continue as manager of the Lakewood lending function. According to www.dallas.citybizlist.com, Veritez Holdings has raised $28.57 million for a business combination as reported in an SEC filing. In addition to Holland and Miller, Veritex principals named in the fil-ing include Ray Washburne, CEO of Charter Holdings, Dallas; Ned Flem-ing III of SunTx Capital Partners LP; and John Sughrue, CEO of Brook Partners Inc. Q

Veritex Holdings Completes Buy of Professional Bank

TeXAS

loUISIANA

Capital One Opens Branch, Southern University CampusCapital One Bank has opened a full-service branch at 4646 Hilry Huckaby III Ave. to serve the Southern Univer-sity at Shreveport community, the Martin Luther King neighborhood, and surrounding areas. The branch, the first ever in the neighborhood, opened in September in an incubator for new entreprenuers operated by the university Q

CORRECTIONTexas Regional Bank opened for busi-ness at 2019 South 77 Sunshine Strip in Harlingen. The September 13, 2010, issue reported incorrectly that the bank opened at 2302 South 77 Sun-shine Strip.

ReGIoNAl

Minchow Tapped EVP, Mutual of Omaha Bank

Minchow Minchow has more than 30 years of leadership experience, most re-cently serving as senior vice president of business development for National Processing Company (NPC), a provid-er of electronic payment services Q

October 4, 2010 BANKERS DIGEST Page �

R e G U l A T o R S

C h a r t e r

a c t i v i t yHaven Trust Bank, Point Vedra Beach, FL, was closed on September 24. The FDIC, which was appointed receiver, entered into a P&A agreement with First Southern Bank, Boca Raton, FL, to assume all of the failed bank’s de-posits (no premium) and purchase es-sentially all of the assets under a loss-share transaction. North County Bank, Arlington, WA, was closed on September 24. The FDIC entered into a P&A agreement with Whidbey Island Bank, Coupeville, WA, to assume all of the failed bank’s de-posits (2.0% premium) and purchase essentially all of the assets under a loss-share transaction Q

Two Banks Fail in FL & WA;YTD Total Failures Are 127

ArizonaMERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF SAN FRANCISCO has filed an ap-plication by Grandpoint Capital Inc., Los Angeles, CA, to acquire 100% of Southern Arizona Community Bank, Tucson.ArkansasMEMBERSHIP The FRB OF ST. LOUIS has filed an application by Twin Lakes Community Bank, Flippin, to become a member of the Federal Reserve System.LouisianaBRANCHES The OFFICE OF FINANCIAL IN-STITUTIONS has filed an application by Community Trust Bank, Choudrant, for a branch at 1312 University Ave., Oxford, MS. The OFI has filed applications by

IBERIABANK, Lafayette, for branch-es: 15 W. I-65 Service Rd N., Mobile, AL, and 22530 US Hwy. 98, Ste. 100, Fairhope, AL. The OFI has filed an application by Business First Bank, Baton Rouge, for an LPO at 435 Corporate Dr., Ste. 102, Houma.OklahomaMERGERS AND ACQUISITIONS The FRB OF KANSAS CITY has filed an application by BancFirst Corp., Okla-homa City, to acquire 100% of Exchange Bancshares of Moore Inc., parent of Ex-change National Bank, both of Moore.TexasBRANCHES The TEXAS DEPARTMENT OF BANKING has withdrawn an applica-tion by Platinum Bank, Lubbock, for a branch at 82nd St. between Quaker Ave. and Milwaukee Ave., Lubbock. The TXDB has approved an ap-plication by Allegiance Bank Texas, Houston, for a branch at 8800 Katy Fwy., Ste, 100, Houston. The TXDB has received applica-tions by IBERIABANK, Lafayette, LA, for branches: 1000 Memorial Mall and 3810 Richmond Ave., Houston.

The TXDB has approved an ap-plication by Comerica Bank, Dallas, to relocate a branch from 910 Louisiana St. to 777 Walker St., Houston.MERGERS AND ACQUISITIONS The FRB OF DALLAS has filed an ap-plication by Henderson Texas Bancshares Inc., Henderson, to acquire 85% of Pros-per Bancshares Inc., and indirectly acquire Prosper Bank, both of Prosper Q

Page � BANKERS DIGEST October 4, 2010

to bankersdigest@bankersdigest.com, subject line Box A-5.

Need experienced AGRIBUSINESS LENDER. Cotton, peanuts, and row crop primary loan base. Livestock lending experience helpful. Bank has $500mm in assets and $300mm in loans. Agricultural lending market is primarily in South Plains including Gaines County. Competitive compen-sation and benefits. Call 432-685-6505 or send resume to: President and CEO, 6 Desta Dr., Suite 2400, Midland, TX 79705. Mark Private & Confidential.

Need LOAN CREDIT ANALYST for Ag bank in Seminole, TX. Experi-ence in credit analysis helpful, but will accept applicants with finance, accounting, ag economics, and ag science degrees. Send resume to: President and CEO, 6 Desta Drive, Suite 2400, Midland, TX 79705. Mark Personal & Confidential.

Need experienced COMMERCIAL LENDER for Trans Pecos and Perm-ian Basin rural markets. Send resume to: President and CEO, 6 Desta Drive, Suite 2400, Midland, TX 79705. Mark Personal & Confidential.

COMPLIANCE OFFICER/IT PROFES-SIONAL: Community bank in Hous-ton seeking to fill two openings. A highly experieced compliance professional for hands-on position and an IT trained individual to run data area. Fiserv experience a plus.

B a n k e r s D i g e s tHOW TO CONTACT US

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

Advertising rates are $35.00 for the first 25 words; $10.00 for each additional 10 words per insertion. Ads which use a Bankers Digest box number for forwarding responses will be charged $5.00 additional per insertion for postage and handling. Ads run on Bankers Digest website for the duration of the advertising agreement at no additional charge. Only Principals will be assigned box numbers. Responses to Bankers Digest boxes are forwarded twice weekly. Advertising deadline is Monday noon for following Monday’s publication. Bankers Digest makes no representations or warranties for information, products, or services contained in any advertisement herein or on our website.

NN POSITIONS AVAILABLE

CHIEF CREDIT OFFICER for multi billion dollar bank. Must have expe-rience with similar bank size. Excel-

lent opportunity. Sharon Emiliano, Babich & Associates, Sharon@bab-ich. com, 214/823-9999, #306, www.babich.com. (see banking).

LOAN OPERATIONS MANAGER. Re-sponsible for overall loan operations with oversight of all loan support staff. Prefer 5+ years loan operations experience and strong supervisory skills. Harvey Urban, Babich & As-sociates, hurban@babich.com 214-823-9999 #304.

OPERATIONS MANAGER/COO: Community Bank, manage back-of-fice Ops personnel, bring products/services strategies to enhance cus-tomer service. Mark Mitchell, Lone Star Search, 972.335.9009, www.lonestarsearch.net.

COMMUNITY BANK LOAN OFFICER: Vernon, Texas. Must possess strong lending and business development skills. Community participation a plus. Call or send resume to Campbell Bur-gess, Herring Bank, CBurgess@Her-ringBank.com, 806-242-3704.

Growing Houston based community bank seeks COMMERCIAL AND IN-DUSTRIAL LENDER with five plus years of C and I lending experience. Job re-quires prospecting, networking, credit underwriting, credit analysis, and oth-er skills necessary to grow a portfolio of loans. The lending position will be for the bank’s West/Southwest/South-east Market. Please submit a resume

C l A S S I F I e D

RecRuitment

Wage & SalaRy adminiStRation

incentive compenSation BonuS planS

RegulatoRy compliance

policieS and pRoceduReS

employee HandBookS

affiRmative action planS

employee RelationS advice & counSel

BenefitS analySiS

unemployment claimS aSSiStance

WoRkeRS’ compenSation aSSiStance

pRoductS & poSteRS

litigation SuppoRt

tRaining

WhitneySmith provides a variety of management consulting services, including:

For more information on all our services, please call our office or visit our website at:

www.whitneysmithco.com

Your Source For Banking Human Resources Assistance

301 Commerce Street, Suite 1950Fort Worth, Texas 76102

817.877.0014 817.877.3846 Fax

October 4, 2010 BANKERS DIGEST Page 7

C l A S S I F I e D Please send resume to bankersdi-gest@bankersdigest.com, subject line Box S-1.

LOAN OPERATIONS MANAGER. Re-sponsible for management of loan operations with oversight of all loan support staff. Prefer 5+ years loan operations experience and strong supervisory skills. Branching expe-rience a plus. This community bank is located in Central Texas. Inter-ested parties should send resume to bankersdigest@bankersdigest.com, subject line Box S-3.

West Texas Community Bank seeks qualified candidates for TWO IM-PORTANT POSITIONS. The first position is for a SENIOR OFFICER in our Main Office. The qualified candidate must have at least ten years prior banking experience to include commercial lending and be willing to relocate. The second po-sition is for a BRANCH MANAGER for our Central Texas location. The qualified candidate must have at least five years prior banking expe-rience to include commercial lend-ing. Compensation packages will be competitive. Please send resume to bankersdigest@bankersdigest.com, subject line Box S-2.

COMMUNITY BANK LENDER – First Financial Bank, N.A. (Abilene), 120+

year old community bank ranked #1 in the Nation by Bank Director’s Magazine with $1.1 billion total assets, is seeking a commercial lender for one of our community branch banks. Minimum 3-5 years commercial and consumer lending experience required. Ag lending is desirable. Competitive salary and excellent benefits. Send resume to bankersdigest@bankersdigest.com, subject line Box S-4.

First Victoria National Bank, an in-dependent bank established in 1867, has an immediate opening in Victoria for a LOAN OFFICER in its Agribusiness lending department. The ideal candidate will develop and service a diverse loan p ortfo-lio. Requirements include 3+ years experience in agricultural lending. Email your resume in confidence to HR@firstvictoria.com. E.O.E.

Houston-based bank is seeking a motivated, experienced CHIEF LENDING OFFICER who will di-rect, coordinate, and supervise all lending activities for commercial, consumer, and residential loans. Candidate must demonstrate effec-tive leadership skills by creating a positive work environment where employees thrive and the organiza-tion achieves desired results. Send resume to hr5031@yahoo.com.

Town and Country Bank, an Inde-pendent Main Street Community Bank, is growing and needs to ex-pand its lending operations. We are seeking a qualified LOAN OFFICER with 3 – 5 years consumer, commer-

www.NorthAmericanBuildings.com

888.800.8866

• Custom Designed Bank

Facilities

• Exterior Design & Color

Renditions

• Financial Equipment

Package Included

• Optional Site & Construc-

tion Management

• Lower Cost & Fast

Completion

• Site Evaluation & Plot

Plan Layout

• Interior Design &

Space Planning

Call today

for a free

consultation

including

building

design and

site plan

layout

at no cost.

(continued on Page 8)

Page � BANKERS DIGEST October 4, 2010

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.

Bankers Digest9550 Forest Lane, Suite 125Dallas, Texas 75243-5928(USPS 041180)

PERIODICAL

cial and real estate lending experi-ence for one of our banking centers. Interested applicants should send resume to jwood@tcbank.com.

Locally owned community bank in Palestine, Texas, is seeking a MOTI-VATED INDIVIDUAL WITH 5+ YEARS LENDING EXPERIENCE. Position requires a complete understand-ing of the credit process and strong business development skills. Com-petitive compensation and benefits. Please send resume to Jerry Nowlin, East Texas National Bank, P.O. Box 770, Palestine, Texas 75802.

North Central Texas area $100 mil-lion-plus bank CEO and LOAN OF-FICER POSITION. Needs 25 years of community bank experience in

all areas of banking including com-mercial real estate, consumer lend-ing, and selling residential loans to secondary market. Must have excel-lent PR abilities and good commu-nication skills. Salary and benefit package can be negotiated. Send resume to bankersdigest@bankers-digest.com, subject line Box O-1.

EQUIPMENT FOR SALE

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

Merskin predicts the program could

become available to community banks

as early as the fourth quarter of this

year. The key to the program’s success

for banks, he said, is whether regula-

tors will treat Small Business Lending

Fund investments in banks as Tier 1

capital, the best form of capital as far

as regulators are concerned. If it is not

counted as Tier 1 capital, it’s probably

not going to work, observers say.

Tony Wilkinson, president/CEO

of the National Association of Gov-

ernment Guaranteed Lenders, was

quoted in an article by Kent Hoover,

Washington bureau chief for bizjour-

nals.com, that pent-up demand for SBA

loans will explode now that Congress

has reinstated breaks that make SBA

loans less risky for lenders and more

affordable for borrowers.

Wilkinson said about $500 million

in 7(a) and 504 loan applications are

on a waiting list the SBA set up for

borrowers who wanted to wait to see

if the breaks were reinstated. He said

lenders also have anotherr $1.5 billion

in SBA loan applications pending.

Wilkinson predicts that many com-

munity banks will take advantage of

the Small Business Lending Fund to

increase their SBA lending. “ I can’t

see it getting better than this,” he said

.”This is the time to search out an SBA

lender.” Stay tuned!

For more detailed information

about H.R. 5297, visit: www.opencongress.

org/bill/111-h5297/show Q

Feature (continued from Page 3)