u.s. bank names dipaola regional president, …april 1. year-to-date 2011 failures total 26. through...

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in 2006 as its regional president for southern NM and AZ. He later served as the bank’s chief credit officer. Dee, who helped found First Community in 1988, will con- tinue to help with the transition of First Community into U.S. Bank. He will also work on U.S. Bank’s community relations efforts throughout the country and is based in NM. U.S. Bank is owned by U.S. Bancorp, the nation’s fifth largest banking company. First Com- munity Bank was closed on Janu- ary 28, 2011, and sold by the FDIC to U.S. Bank Q Peoples State Bank, Shepherd, TX, has named Mark W. Hamilton executive vice president. He will serve in lend- ing, bank manage- ment, and on the board of directors. He most recently served as region- al president and commercial lender at First National Bank, Hot Springs, AR, and in the Texarkana, AR, location. Hamilton has over 26 years of bank- ing experience. He has served with State Bank of De Kalb, TX; Citizens- Bank in Slaton, TX; and began his ca- reer as a bank examiner for the Texas Department of Banking. He is a 1984 graduate of Texas Tech University with a BBA degree in finance and is a 1994 graduate of the SWGSB at SMU. Hamilton has served his communi- ty as a member of various civic organi- zations, including Lions Club, Kiwanis Club, and the Red Cross Q Volume 139, No. 15 April 11, 2011 In This Issue... TARP Bank Programs Turn a Profit Feature............................................3 North Dallas Bank & Trust Hits 50 ..... 8 Charter Activity ............................9 Classified.....................................10 Please route this issue: www.bankersdigest.com DiPaola Hamilton Named EVP, Peoples State Shepherd U.S. Bank Names DiPaola Regional President, Fanning EVP in NM, Dee Community Executive U.S. Bank has named three former First Community Bank executives to top positions in NM. Paul DiPaola has been named regional president of NM operations and Jed Fanning executive vice pres- ident and group manager for NM. Patrick Dee was named com- munity relations executive for U.S. Bank’s community banking division in Minneapolis, MN, but he will be based in Albuquerque. The announce- ment was made by Barry Martin, U.S. Bank division president for commu- nity banking. DiPaola, who most recently served as regional president for First Com- munity, has more than 25 years of commercial banking experience, the last 16 years with First Community. Fanning joined First Community Hamilton Fanning William A. Carlson, chairman of the board of Fidelity National Bank of West Memphis, AR, has announced that Charles E. Horton will be president and CEO of the bank, replacing Mike Murphy, who is retiring. Horton has served with Fidel- ity National for 14 Horton Named President/CEO at Fidelity National Bank, West Memphis, Arkansas Dee Horton years as loan administrator. He has served as interim president since May 2010. Previously, he was vice presi- dent at Citizens Bank in Marion, AR, for 12 years. Horton attended college at South- west Tennessee Community College and Arkansas State University, where he graduated in 1979. He is also a graduate of the Barret School of Bank- ing and received a graduate banking degree from the School for Bank Ad- ministration in Madison, WI Q

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in 2006 as its regional president for southern NM and AZ. He later served as the bank’s chief credit officer. Dee, who helped found First Community in 1988, will con-tinue to help with the transition of First Community into U.S. Bank. He will also work on U.S. Bank’s community relations efforts throughout the country and is based in NM. U.S. Bank is owned by U.S. Bancorp, the nation’s fifth largest banking company. First Com-munity Bank was closed on Janu-ary 28, 2011, and sold by the FDIC to U.S. Bank Q

Peoples State Bank, Shepherd, TX, has named Mark W. Hamilton executive vice president. He will serve in lend-ing, bank manage-ment, and on the board of directors. He most recently served as region-al president and commercial lender at First National Bank, Hot Springs, AR, and in the Texarkana, AR, location. Hamilton has over 26 years of bank-ing experience. He has served with State Bank of De Kalb, TX; Citizens-Bank in Slaton, TX; and began his ca-reer as a bank examiner for the Texas Department of Banking. He is a 1984 graduate of Texas Tech University with a BBA degree in finance and is a 1994 graduate of the SWGSB at SMU. Hamilton has served his communi-ty as a member of various civic organi-zations, including Lions Club, Kiwanis Club, and the Red Cross Q

Volume 139, No. 15April 11, 2011

In This Issue...TARP Bank Programs Turn a ProfitFeature............................................3

North Dallas Bank & Trust Hits 50 .....8

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

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

Please route this issue:

www.bankersdigest.com

DiPaola

Hamilton Named EVP, Peoples State Shepherd

U.S. Bank Names DiPaola Regional President, Fanning EVP in NM, Dee Community Executive U.S. Bank has named three former First Community Bank executives to top positions in NM. Paul DiPaola has been named regional president of NM operations and Jed Fanning executive vice pres-ident and group manager for NM. Patrick Dee was named com-munity relations executive for U.S. Bank’s community banking division in Minneapolis, MN, but he will be based in Albuquerque. The announce-ment was made by Barry Martin, U.S. Bank division president for commu-nity banking. DiPaola, who most recently served as regional president for First Com-munity, has more than 25 years of commercial banking experience, the last 16 years with First Community. Fanning joined First Community

HamiltonFanning

William A. Carlson, chairman of the board of Fidelity National Bank of West Memphis, AR, has announced that Charles E. Horton will be president and CEO of the bank, replacing Mike Murphy, who is retiring. Horton has served with Fidel-ity National for 14

Horton Named President/CEO at Fidelity National Bank, West Memphis, Arkansas

Dee

Horton

years as loan administrator. He has served as interim president since May 2010. Previously, he was vice presi-dent at Citizens Bank in Marion, AR, for 12 years. Horton attended college at South-west Tennessee Community College and Arkansas State University, where he graduated in 1979. He is also a graduate of the Barret School of Bank-ing and received a graduate banking degree from the School for Bank Ad-ministration in Madison, WI Q

Page 2 BANKERS DIGEST April 11, 2011

correspondent services to community banks in AR, KS, and OK. To lead the

expansion, the bank has named Kirk Hudson to its corrrespondent banking team as the key contact in other states. Cliff McCauley, execu-tive vice presi-dent, correspond-ing banking line

of business at Frost, made the an-

p e o p l e TeXAS

Frost Bank Names Hudson Correspondent Banker for AR, KS, and OK

Bankers Digest®

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(USPS 041180)Published every Monday at Dallas, Texas

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Frost National Bank, San Antonio, re-cently announced it is expanding its

Hudson

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nouncement. Hudson grew up in community banking as the son of a community banker at the First National Bank in Bartlesville, OK, and has 17 years of experience providing check services in OK, AR, KS, and CO. McCauley said in a news release, “although we have no plans to open financial centers outside of Texas, we saw the current environment as a good time to bring our correspondent services to community banks in other states Q

Walter A. Luce Retires From First State Bank, New Braunfels, After 48-Year Banking CareerWalter A. Luce retired at the end of March from a banking career that spanned 48 years. He retired from First State Bank, New Braunfels, where he served on the management team as executive vice president/CFO/COO for the past five years. He remains as an advisory bank director. Luce had served continuously in banking since age 18, except for two years of active duty during the Viet Nam War era. His employment with other financial institutions included an unusually wide range of experience: service as a director, cashier, CFO, COO/

operations officer, loan officer, loan and credit manager, loan review officer, au-dit, compliance, EDP/IT manager, HR department manager, trust department founder, and other banking positions. In addition, during the banking crisis of the late 1980s-early 1990s, he served with the RTC/FDIC as regional opera-tions manager in Dallas. He graduated from San Jacinto Col-lege, the University of Houston with a BBA degree, and the Stonier Graduate School of Banking at the University of Delaware. He has also taught numer-ous courses with AIB Q

April 11, 2011 BANKERS DIGEST Page 3

F e A T U R e

SourceNews Release:

The U.S. Department of Treasurywww.treasury.gov

(continued on Page 12)

TARP UPDATE

TARP Bank Programs Turn a Profit

B D

FEATURE

The U.S. De-partment of the Treasury a n n o u n c e d that the Trou-bled Asset Relief Pro-

gram’s (TARP) investment in banks has now turned a profit of approximately $6 billion after three financial institu-tions repaid on March 30 a total of $7.4 billion in TARP funds to taxpayers. “While our overriding objective with TARP was to break the back of the fi-nancial crisis and save American jobs, the fact that our investment in banks has also delivered a significant profit for taxpayers is a welcome develop-ment,” said Treasury Secretary Tim Geithner. “We still have more work to do repairing the damage caused by the crisis and strengthening the recovery, but today is an important milestone in our efforts to recover taxpayer dollars as we continue winding down TARP.” With $7.4 billion proceeds, taxpay-ers have now recovered $251 billion from TARP’s bank programs through repayments, dividends, interest, and other income. That exceeds the original investment Treasury made through those programs ($245 billion) by nearly $6 billion. Treasury currently estimates that bank programs within TARP will ultimately provide a lifetime profit of approximately $20 billion to taxpayers. Based on current market condi-tions, Treasury expects that TARP in-vestment programs taken as a whole – including financial support for banks, AIG, and the domestic auto industry, as well as targeted initiatives to restart the credit markets – will result in little or no cost to taxpayers. The lifetime cost of TARP is likely to be limited to funds disbursed for Treasury’s foreclo-sure prevention programs, which were not intended to be recovered.

In the President’s FY2012 Budget, the Obama Administration estimated that the lifetime cost of the overall TARP program will total approximately $48 billion. When also including AIG common stock Treasury holds outside of TARP, that projected cost drops to $28 billion. A new analysis that the Treasury re-leased on March 30 reviews the direct fiscal costs of the comprehensive set of measures put in place to stabilize the financial markets during the cri-sis – including TARP, Federal Reserve,

and Federal Deposit Insurance Corpo-ration programs, necessary financial support for Fannie Mae and Freddie Mac, and other critical initiatives. Based on current market conditions, Treasury’s analysis forecasts that these emergency financial stabilization pro-grams will produce a combined profit of approximately $23.6 billion for tax-payers. Remember way back in mid-2009, the $700 billion TARP program, which

Page � BANKERS DIGEST April 11, 2011

p e o p l e TeXAS

Spruiell and St. George Promoted to VP; LeBlanc and Pizana Join as AVP, Pioneer Bank SSB, Dripping SpringsPioneer Bank SSB, Dripping Springs, has announced the promotion of two officers to the vice president level and the hiring of two individuals at the as-sistant vice president level. Lance Spruiell and Bryan St. George have been promoted to vice president; both bankers serve as lend-ing officers. Spruiell is a 2001 gradu-ate of Texas State University in San Marcos. St. George joined the bank in

2010 and earlier served as a financial specialist for Wachovia from 2007 to 2010. Doug LeBlanc has joined the bank as an assistant vice president. He pre-viously served in business develop-ment with Quadrant Financial Inc. Jeremiah Pizana has joined the bank as an assistant vice president. He previously served as a relationship banking officer with Frost Bank Q

BB&T has hired a six-member energy lending team based in Houston to focus on oil and gas production and midstream companies. The team will be a part of BB&T’s capital markets platform. Rufus Yates, president of BB&T capital markets, made the an-nouncement. Joining BB&T is Jeff Forbis, senior vice president and team leader. He has more than 30 years of energy banking experience. He specializes in oil and gas reserve-based and midstream lending. David Phillips, senior vice presi-dent, has over 30 years of experience in the energy sector. Ryan Michael, senior vice presi-dent, has 11 years of energy banking and investment banking experience. Parul June, assistant vice presi-dent, has 11 years of experience in banking, with more than five years in energy lending. Cherie Allen, corporate banking analyst, has 21 years of banking ex-perience, with seven years in energy banking. Based in Winston-Salem, NC, with the corporate credit administration team is new employee David Wes-ley, senior vice president and regional loan administrator. He has more than 30 years of banking experience, with 12 years in the energy sector. BB&T entered the TX market with the Colonial Bank acquisition from the FDIC in 2010 Q

BB&T Hires Six Energy Lenders in Houston

Beryle Murdoch Jr., who served as a bank president and a director of two West TX banks, died on March 17 in Lubbock at the age of 69. Murdoch was born in Jayton on January 26, 1942, and graduated from Texas Tech University in 1963. From 1974 until 2000, he served as presi-dent of Kent County State Bank in Jayton, which is now a branch of Bank

Former Jayton Bank President Beryle Murdoch Jr. Dies at 69

of Texas in Midland. He earlier served as vice president of the bank. He also served on the board of directors for Spur Security Bank in Spur, an affiliate of Kent County State Bank. At the time of his death, Murdoch was employed by Jayton Insurance Agency. He was also a director of Cap-rock Telephone Cooperative Q

Green Bank, N.A., Houston, has re-ported the naming of three new senior vice presidents in its Dallas office at 4029 Northwest Pkwy. in Preston Cen-ter. Joining the bank in the Dallas commercial banking department are Chris Hansen, Ray Kembel, and Jeff Cheatham Q

Green Bank Taps Hansen, Kembel, Cheatham SVPsCREDIT

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April 11, 2011 BANKERS DIGEST Page 5

p e o p l e TeXAS

Arvest Bank in Tulsa recently promoted Kim Adams to private banking manag-er at its Downtown Branch. Adams has served Arvest for more than 15 years starting as a part-time teller, moving up through retail management, busi-ness banking, and private banking of-ficer. She is active in the community serving on the board of directors of Ju-

oKlAHoMA

Adams Upped to Manager, Private Banking, Arvest

McCool Is Internal Auditor, Legacy Bank Oklahoma City

venile Diabetes Reseach Foundation, Central OK Chapter Q

Jade McCool has been promoted to internal auditor at Legacy Bank in Oklahoma City. She joined the Hinton based bank in 2008 as a teller and re-cently served as an Ebank administra-tor Q

Parish Is SVP, Sledge & Utkina VPs in LongviewTexas Bank and Trust Company, Longview, has reported several recent promotions, ac-cording to Rogers Pope, chairman. Sheri Parish has been pro-moted to senior vice president in the technology department. She has over 17 years of banking indus-try experience and joined the bank in 2000 as internal auditor. She holds a BBA degree in accounting from The University of Texas. Janet Sledge is a new vice presi-dent. The 27-year banker has served with Texas Bank for 17 years. She serves in the risk management divi-sion, where she manages fraud, forg-ery, and identity theft situations. She is an active volunteer with Buckner Children and Family Services, Habitat for Humanity, and others. Elena Utkina has been elevated to vice president and chief accounting of-ficer. The CPA joined the bank in 2010 after serving in public accounting. She is a volunteer for Habitat for Humanity. Barbara Berry has been promoted to assistant vice president. She joined the bank in 1998 and has served as a mortgage lender since 1995. Jennifer Harris has been promoted to assistant vice president and admin-istrative division project coordinator. She joined the bank in 2009 Q

Retired Portland State Bank Co-Founder Jeff E. Bell DiesJeff E. Bell, a retired Portland banker, died on March 21 as a result of a head injury. He was 89. The WWII U.S. Navy vet and Texas A&M graduate help found Portland State Bank in 1958 and served as cashier and later as president/CEO and chairman. He retired in 1987. During his banking career, he served as TBA treasurer. He was an active volunteer in Portland and Corpus Christi and a supporter of Texas A&M at Corpus Christi Q

Parish

Page � BANKERS DIGEST April 11, 2011

Michael Cheney, Wells Fargo Bank regional president for Southwest NM,

has been appoint-ed by Gov. Mar-tinez to serve on New Mexico State University board of regents. Cheney is a 1985 graduate of NMSU with a degree in

finance. He has served in his cur-

rent position at Wells Fargo for about five years. He began his banking career in the mail room and after college and some time in real estate, served in au-diting, accounting, consumer lending, and branch management before being named to his current position Q

p e o p l e NeW MeXICo

Wells Fargo’s Cheney New NMSU Regent

ARKANSAS

Johnston Joins Simmons First Searcy Board of Directors

Cheney

Wetzel Upped to VP/CLO, First American Las CrucesJustin Wetzel has been promoted to vice president and commercial loan officer at First American Bank in Las Cruces. He has served at the bank for eight years. He is a graduate of New Mexico State University with a degree in business administration Q

Former Banker & Consultant Harry D. “Don” Denton Sr. Dies

Simmons First Bank of Searcy has an-nounced that David Johnston, owner of Ag Chem Direct Inc and Lake Ice Company, both in Searcy, has been appointed to the Simmons First Bank of Searcy board of directors, according to Brooks Davis, bank president/CEO. Johnston, a graduate of Arkansas State University with a degree in mar-keting, founded Ag Chem Direct in 1999 and added DH Blue Sky Inc. DBA Lake Ice Company to his business ownership portfolio in 2006 Q

TRADe ASSoCIATIoN

Former Union National Bank in Little Rock banker and retired consultant Harry D. “Don” Denton Sr., of Little Rock, died on March 12 at age 68 after a battle with cancer. Denton enjoyed a 45-year career in banking and finance. He started with the OCC as a national bank examin-er, served as a senior loan officer for Union National Bank in Little Rock from 1974-1984, and from 2000 until his retirement was a consultant with Professional Bank Services. He earned a BBA degree in finance /eco-nomics from Memphis State University Q

SW Bankers Blankenship, Rainey on ICBA Exec CommThe Independent Community Bank-ers of America (ICBA) has reported the election of its 2010-2011 executive committee, which includes two South-west bankers: Cynthia L. Blankenship from TX and Rebeca Romero Rainey from NM. The election was held dur-ing the 2011 ICBA National Conven-tion and Techworld in San Diego, CA, in March. Sal Marranca, president/CEO of Cattaraugus County Bank, Little Val-ley, NY, was elected ICBA chairman and chairman of the ICBA executive committee and of the ICBA board of directors. Joining Marranca on the ICBA exec-utive committee from the Southwest are:• Past chairman: Blankenship, vice chairman/COO, Bank of the West, Grapevine, TX• Director at large: Rainey, chairman/CEO, Centinel Bank of Taos, Taos, NM• Chairman-elect: Jeffrey L. Gerhart, chairman, Bank of Newman Grove, Newman Grove, NE• Vice chairman: William A. Loving Jr., president/CEO, Pendleton Com-munity Bank, Franklin, WVA• Secretary: Steven R. Gardner, president/CEO, Pacific Premier Bank, Costa Mesa, CA• Treasurer: Jack A. Hastings, presi-dent/CEO, The Peoples Bank Co., Coldwater, OH• Immediate past chairman: James D. MacPhee, CEO, Kalamazoo County State Bank, Schoolcraft, MI• Past chairman: R. Michael Men-zies, president/CEO, Easton Bank and Trust Co., Easton, MD• Director at large: Noah W. Wilcox, president/CEO and vice chairman, Grand Rapids State Bank, Grand Rap-ids, MI• President/CEO: Camden R. Fine, ICBA president/CEO, Washington, DC. ICBA has announced the 2012 Na-tional Convention and Techworld will be held March 11-15 at the Gaylord Opryland Hotel in Nashville, TN Q

April 11, 2011 BANKERS DIGEST Page �

N e W S W A T C H

ARKANSAS

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Home Bancorp Reports GS Financial Corp AcquisitionHome Bancorp Inc., Lafayette, and GS Financial Corp., Metairie, announced March 30 they have entered into a de-finitive agreement for GS Financial’s subsidiary, 74-year-old Guaranty Sav-ings Bank, Metairie, to merge into Home Bancorp’s subsidiary, 102-year-old Home Bank, in a cash transaction. The price is $21 per share upon com-pletion of the merger.

MidSouth Bancorp to Buy Branches in Dallas/Fort WorthMidSouth Bancorp Inc. (MidSouth), Lafayette, announced on April 4 that its subsidiary, MidSouth Bank, N.A., Lafayette, has entered into an agree-ment with Jefferson Bank, Dallas, and First Bank & Trust Company (First Bank), Lubbock, to acquire five Jef-ferson Bank branches in the Dallas/Fort Worth area. As part of the branch acquisition, MidSouth expects to ac-quire approximately $70 million in loans and to assume over $150 mil-lion in deposits. According to a news release, Mid-South will acquire branches from First Bank following its proposed acqui-sition of Jefferson Bank through an announced Rule 363 sale in connec-tion with the bankruptcy filing by the parent holding company of Jefferson Bank. As a result, the acquisition of the branches by MidSouth will be subject to approval by the bankruptcy court. The branch acquisition is sub-ject to other necessary approvals and customary conditions. MidSouth ex-pects to close the deal before July 31, 2011. MidSouth reported as of Decem-ber 31, 2010, assets of $1.0 billion. Through its subsidiary, MidSouth Bank, N.A., the company operates 34 locations in LA and TX. This transac-tion will be MidSouth’s initial entry into the Dallas/Fort Worth area Q

The combined company will have total assets of approximately $950 million, $625 million in loans, and $750 million in deposits. The transition provides Home Bank expansion into Orleans and Jefferson parishes along the I-10/I-12 corridor. The merger, expected to be com-pleted in the third quarter of 2011, is subject to necessary approvals and other customary conditions Q

First Federal Bancshares Sets Date to Vote on PlanFirst Federal Bancshares of Arkansas Inc., Harrison, has scheduled a spe-cial meeting April 29 at the company headquarters for shareholders to vote on a proposed recapitalization plan. As part of the plan, Little Rock financial firm Bear State Financial Holdings LLC will invest $55 million in First Federal Bancshares. The pro-posal calls for a one-for-five reverse stock split. If shareholders approve the plan, Bear State will own at least 81.8% of First Federal’s stock Q

Page � BANKERS DIGEST April 11, 2011

N e W S W A T C H TeXAS

SWS Group, Dallas, Reports A $100 Million Capital RaiseSWS Group Inc., Dallas, the parent of Southwest Securities, FSB, Dallas, and other investment and financial ser-vices subsidiaries, reported on March 21 that it has entered into a definitive Funding Agreement with Hilltop Hold-ings Inc. and Oak Hill Capital Partners for a combined $100 million loan. SWS agreed to issue each of Hilltop and Oak Hill a warrant to purchase com-mon shares of SWS Group. Upon ex-ercise, Hilltop and Oak Hill could each own 17% of SWS. The agreement also calls for SWS Group to appoint one representative from Hilltop and one from Oak Hill to its board of directors at the time the loan is extended. Legendary banker and billionaire Gerald J. Ford, chair-man of public holding company Hill-top, is expected to join the board along with J. Taylor Crandall from Oak Hill. Oak Hill is a private equity firm whose lead investor is Fort Worth billionaire Robert Bass. The terms of the “Berkshire-Hatha-way/Goldman Sachs type-deal” are: Hilltop and Oak Hill will each invest in SWS through a combined $100 million unsecured loan ($50 million each). The loans will bear interest of 8% per an-num, have a maturity of five years, and will be prepayable by SWS under cer-tain conditions after three years. SWS will issue a warrant to each of Hilltop and Oak Hill to purchase 8,695,652 shares of common stock of SWS at an exercise price of $5.75, subject to anti-dilution adjustments. James H. Ross, CEO of SWS, said, “this transaction will provide the com-pany with the capital necessary to ad-dress the challenges at the bank and help insure its long-term strength.” De-terioration in the commercial real es-tate portfolio of Southwest Securities has led to increased credit costs and classified assets levels. The bank en-tered into a C&D order with the OTS on February 4, 2011, which in part imposed increased capital requirements. SWS recently rejected an offer by Sterne Agee to buy the company for $6.25 per share Q

North Dallas Bank & Trust Celebrates its 50th Anniversary as Dallas’ Oldest Native BankNorth Dallas Bank & Trust is the old-est bank originally established in Dal-las. The bank was chartered in March 1961 and opened in what was then far North Dallas, on Preston Rd. at Forest Ln. Today, the bank is located just up Preston Rd. from the original site in a 12-story building at 12900 Preston Rd. at LBJ Freeway. Today, North Dallas Bank, which had $1 million in assets in 1961, has assets of more than $1.1 billion in five banking centers in Dallas, Plano, Las Colinas, Frisco, and Addison. According to a news release, in 50 years, North Dallas Bank has never lost a cent in its yearly earnings and is the only local bank to earn the coveted Bauer Financial 5-Star Superior rating continuously for the last 20 years. North Dallas Bank Chairman and President/CEO Mike Shipman said, “The reason we have been able to pros-per this long is that our core value has always been r e s p o n -sible bank-ing: Doing things right along with doing the right thing.” The bank e m p l o y s 150 today and has never had a layoff. The average tenure of its officers is 20 years-plus. Chairman Shipman joined

the bank in 1996, a relative newcomer. One dedicated employee has wit-nessed everything at the bank since day one. Barbara Bates joined the bank as a clerk in the bookkeeping de-partment in 1961 after working for Dallas County Bank in Carrollton. Her long tenure means she has been at the same bank longer than anyone else in Dallas today. Bates was pro-moted to bank offi-cer in 1969 and moved up through the ranks to her most recent position as executive vice president and cashier during a 50-year career. Bates said, “Banking has been the greatest career. I didn’t want to be one of those people who changed jobs every year. I found

something I loved.” Bates re-tired at the end of March. Shipman concluded, “It’s a time of celebra-tion and p e r h a p s s a t i s f a c -tion for the

moment, but then the next day press on remembering the last 50 years and seeking the next 50.” Q

Bates

April 11, 2011 BANKERS DIGEST Page 9

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

ArkansasBRANCHES The FEDERAL RESERVE BANK OF ST. LOUIS has filed an application by Arvest Bank, Fayetteville, for a branch at 3184 E. Sunshine St., Springfield, MO.LouisianaMERGERS AND ACQUISITIONS The FRB OF ATLANTA has filed an application by IBERIABANK, Lafay-ette, to merge with Omni Bank, Metai-rie.TexasBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has re-ceived an application by Wells Fargo Bank, N.A., Sioux Falls, SD, for a mo-bile branch at 11212 N. I-35, Austin. The OCC has received an applica-tion by Western National Bank, Odes-sa, for a branch at 3401 Faudree Rd., Odessa. The OCC has received applications by First National Bank Texas, Killeen, for branches: 210 Constitution Dr., Ste. 1 and Ste. A, Copperas Cove. The OCC has approved an applica-tion by Bank Texas, N.A., Quitman, for a branch at 2092 Three Lakes Pkwy., Ste. 2, Tyler. The OCC has approved an applica-tion by American First National Bank, Houston, to relocate a branch from 1401 Gessner Rd., Ste. A&B, to 1314 Blalock, Houston. The OCC has received applications by First National Bank Texas, Killeen, for First Convenience Bank branches: intersection of Haslet & Avondale, Haslet; 3804 US Hwy. 377, Granbury; 801 N. I-35, Bellmead; 1301 Wooded Acres, Waco; 2509 N. Main St., Belton; and 5631 Dyer St., El Paso. The TEXAS DEPARTMENT OF BANKING has received applications by Texas First Bank, Santa Fe, for a branch 2343 N. Main, Pearland; to re-locate a branch from 102 W. Parkwood to 111 W. Parkwood, Friendswood. The TXDB has received an appli-cation by Prosperity Bank, El Campo,

No Bank Failure on April 1; Total YTD Failures 26State and federal regulators did not close a financial institution on Friday, April 1. Year-to-date 2011 failures total 26. Through the first quarter of 2011, 26 banks failed compared to 41 failures through the first quarter of 2010 Q

to relocate a branch from 125 N. Prai-rieville to 101 N. Prairieville, Athens. The TXDB has received an applica-tion by Texas First Bank, Texas City, to relocate a branch from 2390 Hwy. 87 to 2385 Hwy. 87, Crystal Beach. The TXDB has approved an appli-cation by Meridian Bank Texas, Fort Worth, for a branch at 1013 University Dr., Denton. The TXDB has approved applica-tions by First United Bank, Dimmitt, for branches: 98th St. and Indiana Ave., Lubbock, and 2904 Garnett Ave., Wich-ita Falls. The TXDB has received an appli-cation by Guaranty Bond Bank, Mount Pleasant, for a branch at 1950 NE Loop 286, Paris. The TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LEND-ING has received applications by Beal Bank, SSB, Plano, for branches: 5180-B Stevens Creek Blvd., San Jose, CA, and 1200 Yamato Rd., Bay C-6, Boca Raton, FL.MERGERS AND ACQUISITIONS The FRB OF DALLAS has filed an application by VB Texas Inc., Hous-ton, to acquire 100% of Founders Bank, SSB, Sugar Land, by merging Vista Bank Texas, Houston, its whol-ly-owned subsidiary, with Founders Bank, SSB. The TXDB has received an application by Vista Bank Texas for this merger.

The OCC has approved an appli-cation by The First National Bank of Sonora to P&A a branch of The Trust Company, San Antonio, at 116 W. Blanco Rd., Boerne. The OCC has received an applica-tion by Houston Community Bank NA, Houston, to P&A a branch of Commu-nity National Bank, Bellaire, at 4601 W. Broadway, Pearland. The TXDB has received an applica-tion by First International Bank, Pla-no, to sell assets to Commercial Bank of Texas, N.A., Nacogdoches. In the March 21 issue, it was incorrectly re-ported that Community Bank of Texas, N.A., Nacogdoches, filed an applica-ton with the OCC for this sale. The TXDB has approved an applica-tion by Texas First Bank, Texas City, to merge with Texas First Bank, Santa Fe.MAIN OFFICE RELOCATION The OCC has approved an appli-cation by Community National Bank, Bellaire, to relocate from 5123 Bellaire Blvd. to 4400 E. Bissonnet, Bellaire Q

Page 10 BANKERS DIGEST April 11, 2011

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BANKING CENTER PRESIDENT, HOUSTON: Local C&I lender will manage lending staff plus develop business. Competitive salary plus options. Mark Mitchell, Lone Star Search, 972.335.9009, www.lon-estarsearch.net.

ABC Bank is seeking a SENIOR COM-MERCIAL LENDER for our Austin Mar-ket to originate and maintain commer-cial loans. Knowledge of commercal lending policies, procedures, lending services, and related areas required. Proven managerial, communication, and sales skills are a must. Qualified applicants will have 10+ years lend-ing experience. Excellent benefits and pay commensurate with experi-ence. Please submit resume in confi-dence to [email protected] ABC Bank is an EEO M/F.

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

Advertising rates are $45.00 for the first 30 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 advertis-ing agreement at no additional charge. Only Principals will be assigned box numbers. Responses to Bankers Digest boxes are for-warded twice weekly. Advertising deadline is Monday noon for following Monday’s publica-tion. Bankers Digest makes no representations or warranties for information, products, or services contained in any advertisement herein or on our website.

April 11, 2011 BANKERS DIGEST Page 11

C l A S S I F I e D sess strong lending and business development skills. Community participation a plus. Call or send resume to Campbell Burgess, Her-ring Bank, [email protected], 806-242-3704.

CASHIER/CFO: Well established bank is seeking seasoned individual to achieve objective-driven results for all operational areas. Position will oversee areas such as asset/li-ability management, product level P&L, budgeting, regulatory rela-tions, and HR. Qualified candidates should demonstrate sufficient expe-rience with concrete examples of driving toward results. Respond to [email protected], subject line Box M-2.

PRESIDENT for well capitalized and profitable community bank in AUSTIN, TEXAS. Excellent man-agement and leadership skills re-quired. Candidate should have a strong operations background and be comfortable with technology and regulatory relations. Competi-tive salary and benefits with equity opportunity. Contact [email protected].

COMMUNITY BANK LOAN OF-FICER position in Colleyville, TX. Must possess strong lending and business development skills. Mini-mum of 5 years experience. Com-munity participation in the North-east Tarrant County community a plus. Please send your resume to [email protected].

COMMUNITY BANK PRESIDENT in Arlington, TX. Experienced bank executive with at least 15 years of proven leadership as President or Commercial Lender. The success-ful candidate will possess strong leadership, communication, team building, and lending skills. Busi-ness Development skills are a must. Please send your resume to [email protected].

Strong, top-rated TX bank look-ing for a SPECIAL ASSET OFFICER. Qualified applicants will have good communication skills and 10+ years of lending experience. Please sub-mit resume in confidence to bank-

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Mutual of Omaha Bank has an im-mediate opening for a S E N I O R COMMERCIAL LENDING OFFICER in the Dallas area. Ideal candidate will have 5+ years previous commer-cial lending and portfolio manage-ment experience. Must have expert knowledge of banking products and services. Strong candidates will have excellent communication, consultative sales, and presenta-tion skills. Competitive compensa-tion and benefits package. Apply at www.mutualofomahabank.com.

Well-established Texas-based bank is seeking a seasoned COMPLI-ANCE OFFICER. Must have Compli-ance Management experience and knowledge of state and federal banking regulations. Apply online at www.prosperitybanktx.com to join our team ofexperienced bank-ers. Equal Opportunity Employer.

EQUIPMENT FOR SALE

BANK EQUIPMENT FOR SALE. Con-tact Julie Koenig, First New Mexico Bank, Las Cruces at 575-556-3000. 1 – Triton Systems ATM Jr. CAS; 9 – Epson TM-U325D teller printers, Model M133A; 2 – Epson TM-U375P official check printer, Model 155A;

1 – Epson TM-U375 official check printer, Model M63UA; 2 - Unisys Source NDP.

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: [email protected] or www.underwoodsafe.net.

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was launched by the Bush Administra-tion at the height of the financial crisis, was projected to lose as much as $341 billion. Why the dramatic turnaround? It is probably the decision in the fall of 2008 by then Treasury Secretary Henry Paulson to pump much of the TARP funds ($245 billion) into banks instead of launching a large-scale purchase of toxic mortgage-backed securities. Details on the $7.4 billion in TARP repayments on March 30 are: * SunTrust Banks Inc., Atlanta, GA: total proceeds today: $4.86 billion

* KeyCorp, Cleveland, OH: total Proceeds today: $2.52 billion * Financial Institutions Inc., War-saw, NY: total proceeds today: $25.2 million. Stay tuned! Q