CEO George F. Jones on June 11 announced his planned retirement from Texas Capi- tal Bancshares Inc., the parent company of Texas Capital Bank, N. A., Dallas, at the end of 2013. He also announced the board of direc- tors has promoted Keith Cargill to CEO of the bank and COO of the hold- ing company effective immediately. Cargill will become president/CEO of Texas Capital Bancshares upon Jones’ retirement. “Keith and I were co-founders of Tex- as Capital Bank and have been friends and partners for 35 years,” said Jones. The board’s actions are in recognition of the major impact Cargill has had on the bank’s growth and success since its founding in 1998 as Resource Bank, N. A., Dal- las, which became Texas Capital Bank later in 1998, and to ensure a smooth transition for Car- gill under the con- tinued guidance of Jones. As of March 31, 2013, Texas Capital Bank reported total assets in excess of $10 billion, ranking among the larg- est banks in the state, and operating locations in Dallas, Fort Worth, Plano, Austin, Houston, and San Antonio. The holding company’s common stock is publicly traded on the NASDAQ since its IPO in 2003 Q Joe Spivey has joined Integrity First Bank, N. A., Mountain Home, as Northwest Ar- kansas regional president. He has over 27 years of combined bank- ing and leadership experience serving Northwest AR. His banking ex- perience includes serving most re- cently for more than seven years as community bank president in Fayette- ville and earlier as senior vice presi- dent/commercial lender and regional business development for another community bank. He has also served with the University of Arkansas at Fay- etteville in administrative positions. Spivey holds a master’s degree in ed- ucation from the University of Arkansas and a BS degree in business from Ar- kansas State University. He has served eight years as member of the board of trustees for the Northwest Arkansas Community College in Bentonville Q Steve Wiggs has joined 104 year-old Austin Bank Texas, Jacksonville, as ex- ecutive vice presi- dent and regional president over the Smith and Ander- son County offic- es. Russ Gideon, previously over the Anderson Coun- ty market, was named EVP/assis- tant chief lending officer. Vice Chairman Jeff Austin III made the announcement. Wiggs will office in the Tyler Cum- berland Park location at 108 Market Square Blvd. off Hwy. 69 South. With over 39 years of banking ex- perience in management and lending, Volume 142, No. 24 June 24, 2013 In This Issue... Are Safe Deposit Boxes on Their Way Out? Feature.............................................3 First Bank, Whitney, TX, Newest State Bank......................................9 Charter Activity ...........................12 Classified......................................13 Please route this issue: www.bankersdigest.com Jones Cargill Promoted to CEO, Texas Capital Bank, Jones to Retire as CEO of Texas Capital Bancshares Spivey Cargill Wiggs Spivey Named Integrity NW AR Reg President Wiggs Is EVP/Regional President, Austin Bank Wiggs joins Austin Bank from Hun- tington State Bank, where he served as president/CEO. He previously served with American State Bank, Arp and Tyler, as president/ CEO. Earlier in his career, he held executive positions with banks in the Texarkana market from the late 1990s. He is a graduate of the University of North Texas with a degree in banking and finance and of the Southwestern Graduate School of Banking at SMU. A resident of Tyler, Wiggs serves on the boards for Tyler Museum of Art/treasurer, the East Texas Sympho- ny Orchestra/chairman-elect, Tyler Junior Achievement/chairman-elect, and Texas Bankers Association/vice- chairman of the Community Bankers Council Q
Transcript
CEO George F. Jones on June 11 announced his planned retirement from Texas Capi-tal Bancshares Inc., the parent company of Texas Capital Bank, N. A., Dallas, at the end of 2013. He also announced the board of direc-tors has promoted Keith Cargill to CEO of the bank and COO of the hold-ing company effective immediately. Cargill will become president/CEO of Texas Capital Bancshares upon Jones’ retirement. “Keith and I were co-founders of Tex-as Capital Bank and have been friends and partners for 35 years,” said Jones. The board’s actions are in recognition
of the major impact Cargill has had on the bank’s growth and success since its founding in 1998 as Resource Bank, N. A., Dal-las, which became Texas Capital Bank later in 1998, and to ensure a smooth transition for Car-gill under the con-tinued guidance of Jones. As of March 31, 2013, Texas Capital Bank reported total assets in excess of $10 billion, ranking among the larg-est banks in the state, and operating locations in Dallas, Fort Worth, Plano, Austin, Houston, and San Antonio. The holding company’s common stock is publicly traded on the NASDAQ since its IPO in 2003 Q
Joe Spivey has joined Integrity First Bank, N. A., Mountain Home, as Northwest Ar-kansas regional president. He has over 27 years of combined bank-ing and leadership experience serving Northwest AR. His banking ex-perience includes serving most re-cently for more than seven years as community bank president in Fayette-ville and earlier as senior vice presi-dent/commercial lender and regional business development for another community bank. He has also served with the University of Arkansas at Fay-etteville in administrative positions. Spivey holds a master’s degree in ed-ucation from the University of Arkansas and a BS degree in business from Ar-kansas State University. He has served eight years as member of the board of trustees for the Northwest Arkansas Community College in Bentonville Q
Steve Wiggs has joined 104 year-old Austin Bank Texas, Jacksonville, as ex-ecutive vice presi-dent and regional president over the Smith and Ander-son County offic-es. Russ Gideon, previously over the Anderson Coun-ty market, was named EVP/assis-tant chief lending officer. Vice Chairman Jeff Austin III made the announcement. Wiggs will office in the Tyler Cum-berland Park location at 108 Market Square Blvd. off Hwy. 69 South. With over 39 years of banking ex-perience in management and lending,
Volume 142, No. 24June 24, 2013
In This Issue...Are Safe Deposit Boxes on Their Way Out?Feature.............................................3
First Bank, Whitney, TX, Newest State Bank......................................9
Cargill Promoted to CEO, Texas Capital Bank, Jones to Retire as CEO of Texas Capital Bancshares
SpiveyCargill
Wiggs
Spivey Named Integrity NW AR Reg President
Wiggs Is EVP/Regional President, Austin BankWiggs joins Austin Bank from Hun-tington State Bank, where he served as president/CEO. He previously served with American State Bank, Arp and Tyler, as president/ CEO. Earlier in his career, he held executive positions with banks in the Texarkana market from the late 1990s. He is a graduate of the University of North Texas with a degree in banking and finance and of the Southwestern Graduate School of Banking at SMU. A resident of Tyler, Wiggs serves on the boards for Tyler Museum of Art/treasurer, the East Texas Sympho-ny Orchestra/chairman-elect, Tyler Junior Achievement/chairman-elect, and Texas Bankers Association/vice-chairman of the Community Bankers Council Q
Page 2 BANKERS DIGEST June 24, 2013
Mutual of Omaha Bank in Dallas has appointed Stephanie Couser to se-
nior vice president and director, CRA and Community Affairs. Based at the 5950 Sherry Ln location, she will provide strategic oversight of the $6 billion-asset bank’s national community affairs
operation, managing CRA and commu-nity outreach initiatives nationwide. Couser has 28 years of experience. For the past 15 years, she has devel-oped and implemented bank CRA pro-grams for several financial institutions and most recently served as regional diverse segments manager for a large, national bank located in TX. She holds a bachelor’s degree from The University of Texas at Arlington. She currently serves as secretary of the board of directors for the Dallas Urban League of North Texas, execu-tive committee member for the Dallas Fort Worth International Community Alliance, and board member for the North Texas Housing Coalition Q
Kim Hamilton to senior vice presi-dent of consumer loans and Alice Vi-daurri to vice president of retail op-
erations. Thomas M. O’Neil, CEO of the Cleburne Re-gion, made the an-nouncement. Hamilton be-gan her career with First Financial in 1983 in the note department and later became a
lending assistant. She served as a loan officer and branch manager before be-ing promoted to vice president and di-rector of consumer loans in 2008. She is a member of the Cleburne Cham-ber of Commerce Red Coats and the founder of KIDS, a non-profit orga-nization that purchases clothing and shoes for school aged children in the Johnson County area. Vidaurri joined First Financial in 2004 as a motor bank teller. She served as a lobby teller and personal banker before becoming retail opera-tions supervisor in 2011 Q
p e o p l e TeXAS
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Hamilton Couser
First Financial Bank, N. A., in Cle-burne announced the promotion of
“Safe de-posit boxes are obsolete, soon to be history, fad-ing away fast, loss leaders,
relics from the past and on their way to oblivion.” These are several of the negative and totally incorrect state-ments made recently in a news story published by a large New York busi-ness news publication. The reporter who wrote the story called me before publishing his safe deposit box article and requested an-swers to numerous safe deposit ques-tions. Unfortunately, he omitted all of my positive comments about the ben-efits of renting safe deposit boxes to consumers. The numerous incorrect statements caused some of my na-tionwide clients to suggest that I write a rebuttal article.
Bankers InterviewedIn addition to interviewing me, the reporter spoke to New York bankers, primarily from mega banks. He appar-ently received nothing but negative comments and an entirely incorrect perspective regarding safe deposit boxes. Those bankers told him they were phasing out safe deposit boxes because consumers “no longer want or need them.” According to his ar-ticle, due to this “lack of consumer demand,” they consider safe deposit boxes an “unnecessary, unimportant customer service and not a beneficial profit center.” They said they had also decided not to devote any additional time, money or resources to train their employees or to secure these boxes properly. Furthermore, to save money, many of these banks have converted their safe deposit box service into a less expensive, but extremely danger-ous, “self-service” vault access system that completely eliminates staffing, renter’s signature identification, his-
toric dual control key locks, and prop-er vault access requirements. Because of those actions, I am aware of at least fifteen very large box renter disap-pearance claims which will soon cre-ate significant losses, large legal fees, and very expensive safe deposit box litigations. This is obviously the rea-son those institutions have decided to discontinue this service.
Box Contents Not InsuredFortunately, the reporter did correctly
inform his readers that in case of a burglary, fire, flood, hurricane, tor-nado, or a mysterious disappearance, safe deposit box contents are not in-sured by FDIC, NCUA, or any financial institution. Unfortunately, he neglect-ed to mention that, except for flood losses, box content insurance is read-ily available and easily obtained from a box renter’s own insurance agent. This is done by requesting a “Personal Article Floater,” which is merely a rider (continued on Page 11)
Page 4 BANKERS DIGEST June 24, 2013
Dan Florence, senior vice president and trust manager at Commercial
Bank of Texas, N. A., Nacogdoches, was recently elect-ed to the board for the Estate Plan-ning Council of North Texas and the board for the Collin County Bar Association Pro-bate Section. Flor-
ence was elected for a two-year term on each board. The board of the Collin County Bar Association Probate Section has 53 members and is made up of attorneys working in the estate planning area. Florence has served with Commer-cial Bank of Texas for more than seven years. He is a veteran North TX trust banker, who earned BBA and JD de-grees from Baylor University and Bay-lor University School of Law Q
Peoples Bank, Lubbock, hosted a re-tirement reception for Spike Wide-
man on June 18 at the bank’s head-quarters at 5820 82nd St. He is re-tiring from banking at the end of June. Chelesa Salazar has been named to succeed him. Wideman joined Peoples in 2005 as
SVP overseeing the marketing depart-ment. He has been involved with new business development, customer re-tention, advertising, and promotional efforts. He also served at the Shal-lowater and 34th St. locations. Before joining Peoples, he served 17 years in broadcasting and radio sales and then began his 23-year ca-reer in banking. Wideman graduated from Texas Tech University in 1975 with a bachelor’s degree in secondary education and in 1992 from the ABA School of Bank Marketing. He has been involved with the Lubbock Chamber of Commerce and Texas Tech Alumni Association. In retirement, he is looking forward to spending time with his wife, two
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Community Trust Bank Taps Staubach to Advisory BoardVan Pardue, president of Community Trust Bank Texas, has reported that rapidly expanding LA-based Com-munity Trust Bank has formed a Dal-las region advisory board comprised of several Dallas-area business and community leaders to assist the bank in identifying opportunities and strat-egies for customer growth. Pardue reported that Jeff Staubach, managing director at Jones, Lange and LaSalle in Dallas, has joined the advi-sory board. He is leader of the Dallas tenant representation team Q
Lanciault Upped to AVP, Broadway Bank Alamo CityBroadway Bank in San Antonio has reported that Erika K. Lanciault has been promoted to assistant vice pres-ident and retail systems manager. She will be responsible for managing sys-tem applications for the retail division. Lanciault joined the bank in 2007 as learning and development special-ist responsible for training multiple end-user solutions. She received a BBA degree in finance from The Uni-versity of Texas at Brownsville and is a certified Microsoft Office Specialist Q
ViewPoint Bank Appoints Acosta to Board of DirectorsViewPoint Bank, Plano, has an-nounced the appointment of Arcilia Acosta to the board of directors, ac-cording to Chairman James McCarley . Acosta is president/CEO of CAR-CON Industries and Construction, a full-service construction firm based in Dallas, with offices in Houston and San Antonio. She is also founder and CEO of Southwestern Testing Labora-tories (STL) Engineers. She is a board member for Energy Future Holdings, parent of TXU Ener-gy, Oncor, and Luminant Corporation;for The Dallas Citizens Council; former chair of the Texas Hispanic Chamber of Commerce; and past chair of the Greater Dallas Hispanic Chamber of Commerce. She graduated from Texas Tech University and the Harvard Busi-ness School Corporate Governance Program Q
Trust Banker Florence Joins Two North Texas Boards
FlorenceWideman
Peoples Lubbock’s Wideman Retires After 23-Year Career
sons, and three grandsons. And, he will continue to practice his customer relationship skills while working in Lubbock real estate with one son Q
June 24, 2013 BANKERS DIGEST Page 5
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Stanley A. Lybarger, president/CEO of BOK Financial, Tulsa, announced re-cent appointments and promotions. Appointments Juan Aybar was appointed senior vice president and regional manager BR business banking, Bank of Okla-homa. Previously, he served with JP Morgan Chase Bank.
Vice president: Ron Acree, man-ager Expressbank call center, Bank of Oklahoma; Kelli Bailey, manager facilities m a n a g e m e n t , Bank of Oklaho-ma; Christopher Clark, portfolio
manager II, Bank of Oklahoma; Nancy
Johnson Jones, director, compliance bank & broker dealer, for BOSC, Inc., a division of BOK Financial (BOK); Pe-ter Tamoney, regional account man-ager, Bank of Oklahoma.
Promotions to Senior VP Eric Ernst was promoted to senior vice president, BBG credit concur-rence officer, Bank of Oklahoma. He joined Bank of Oklahoma in 2008. Kenneth Rice was promoted to se-nior vice president, funding manager, for Bank of Oklahoma. He joined the bank in 2010. William Perkins was promoted to senior vice president, credit risk man-ager, for Bank of Oklahoma. He joined the bank in 2005.
Promotions to VP Kelly DeBolt, senior project man-ager, Bank of Oklahoma. DeBolt joined the bank in 2006. Jerry Crabtree, manager default management, Bank of Oklahoma. He joined the bank in 2011. Christopher Anderson, division controller, Bank of Oklahoma. He joined the bank in 2008. Matthew Mitchell, investment sales officer III, BOSC Inc., a division of BOK Financial. He joined in 2008. Craig Swanson, division control-ler, Bank of Oklahoma. He joined the bank in 2004. Amy Buffington, audit manager, Bank of Oklahoma. She has been a bank employee since 2011. Jonathan Halliwell, IS audit man-ager, Bank Of Oklahoma. He joined the bank in March 2013. Dorothy Cheever, senior real es-tate asset manager II, Bank of Okla-homa. She joined the bank in 2008. Brandelyn Forehand was promot-ed to officer, assistant branch manag-er I, Bank of Oklahoma. She joined the bank in 2012 Q
Regulators Gilbert Barker Comptroller of the Currency
Charles Cooper Texas Department of Banking
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George Gordon Worthen, president of the Bank of Little Rock, a communty leader, and member of a prominent Little Rock family, died June 9 at his Little Rock home. He was 71. Worthen served as president of Bank of Little Rock for 22 years. He was from an old banking family in Central AR. His great grandfather founded Worthen Bank in 1887. Worthen was born in Little Rock on May 24, 1942. He earned a degree in economics and business administra-tion from Davidson College in NC and an MBA degree from the University of North Carolina. He was a graduate of the Stonier Graduate School of Bank-ing at Rutgers University and the Na-tional Commercial Lending School at the University of Oklahoma. He served in the U.S. Army. Worthen had been involved in a number of civic, arts, educational, and other organzations, as well as serving the banking industry as a founding member of the Little Rock Chapter of RMA, a trustee of the Barrett School of Banking in Memphis, and recently as president of the Arkansas Community Bankers Association Q
ARKANSASLittle Rock Banker, Civic Leader George Gordon Worthen Dies
Kruithof Named Senior HR Manager at ArvestArvest Bank, Bentonville, has an-nounced that Cynthia Kruithof has been named senior human resources manager in Benton County. She will report directly to Dennis Smiley, presi-dent of Arvest Bank in Benton County. For the past 13 years, she worked at Arvest in Fort Smith as a SVP and human resources manager. She served from 1992 to 1999 as a trust officer for First National Bank in DeKalb, IL. Kruithof earned a BS degree in so-ciology from Pittsburg State University in Pittsburg, KS. She has also attend-ed the Cannon Financial Institute. While in Fort Smith, she was the chair for the United Way Allocation Committee and served on the Univer-sity of Arkansas at Fort Smith College of Applied Science and Technology Advisory Board Q
Page 8 BANKERS DIGEST June 24, 2013
Ron E. Samford Jr., newly elected president/CEO of Metairie Bank and
Trust, was also elected to the bank’s board of di-rectors at a special meeting of stock-holders held May 28th. Chairman of the Board R. Alan Sheppard made the announcement.
Samford joined Metairie Bank this spring after the retirement of former president/CEO Reginald H. Smith Jr. Samford has over 22 years of banking experience mostly with Hibernia Na-tional Bank and its successor, Capital One. He now joins the group of 12 dis-tinguished businessmen and women who serve on the board of directors. Metairie Bank and Trust Company, founded in 1947, has $350 million in assets with seven locations serving the greater New Orleans area, includ-ing the Northshore in Mandeville Q
p e o p l e
Samford
loUISIANAAubrey, Stevenson, Leone Upped Citizens Bossier City
Metairie Bank Elects CEO Samford to Board of Directors
NeW MeXICoN e W S W A T C H
Four Corners Community Bank to Acquire CO BankFour Corners Community Bank (“FCCB”), Farmington, and Communi-ty Bankshares Inc. (“CBI”), Greenwood Village, CO, announced on June 12 they have signed an agreement under which FCCB will acquire The Citizens State Bank of Cortez, a subsidiary of CBI. The Citizens State Bank of Cortez, established in 1936, is a state-char-tered CO bank with two branches in Cortez and approximately $80.6 mil-lion in assets, $47.2 million in loans, and $68.3 million in deposits. Once consolidated, FCCB will have approxi-mately $302.0 million in assets and seven branches in NM and CO. Sheila Mathews, president/CEO of FCCB, said, “This acquisition will significantly enhance our presence in Cortez, and we look forward to better serving the community with expanded operations.” The transaction, which has been ap-proved by the boards of directors of FCCB and CBI, is subject to approval by Four Corners Community Bank shareholders and bank regulatory agencies, among other requisite ap-provals. The transaction is expected to close during the second half of 2013. Since its inception in 2000, Four Corners Community Bank has grown to five locations serving San Juan County, NM, and Montezuma County, CO: 500 W. Main, 2811 East 20th St., and 5900 E. Main, Farmington; 1301 W. Aztec Blvd., Aztec, NM, and 343 E. Main in Cortez, CO Q
Woody Schick, president/CEO of Citi-zens National Bank, N. A., Bossier City, has announced three promotions. Cindy Aubrey has been named marketing/public relations officer. She will be responsible for marketing and advertising along with bank expan-sion and bank branding. She joined Citizens in 2011 and is a graduate of the University of Louisiana Monroe with a BS degree. Theresa Stevenson has been pro-moted to administration support manager. She manages account ad-ministration that supports the busi-ness banking unit. She has served with the bank for 11 years, including loan administration and system ad-ministration for commercial loans. She is a graduate of Louisiana Tech University, where she earned a degree in education. Jane Leone has been named the bank’s community development of-ficer. She previously served as vice president and branch executive of the Desoto Parish Branch in Mansfield. In her new role, she will be responsible for the bank’s effort to improve com-munity development working mainly in the area of financial literacy and in-
suring the bank is successful in serv-ing the five parishes of Bossier, Cad-do, Claiborne, Desoto, and Webster Q
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Deposits Held at Federal Reserve Continue to Rise
(continued on Page 10)
As the amounts of deposits banks are holding at the Federal Reserve have risen in recent years, some of the na-tion’s largest banks have seen those balances jump sharply in the last year. A group of the largest financial insti-tutions comprise the companies hold-ing the greatest amount of deposits at the Fed, with JPMorgan Chase & Co.’s largest subsidiary leading the way. According to an SNL Financial, Char-lotteville, VA, data analysis, Chase re-ported a total of $214.48 billion in bal-
June 24, 2013 BANKERS DIGEST Page 9
location created to meet the needs of customers in Austin and surrounding communities. David Brooks, chairman/CEO of Independent Bank Group, said the Austin location is designed to provide central TX the same “strong founda-tion and balanced structure” the com-pany values on a macro level.
Independent Bank Group Inc., McKin-ney, the holding company of Indepen-dent Bank, celebrated the opening of its “southern headquarters” June 4 in Austin. The new three-story building in central Austin, 1011 West 40th St., will serve as a hub for Independent Bank Group’s central TX operations under the direction of Brian Hobart, vice chairman and chief lending of-ficer. On April 22, the new location officially opened its doors for busi-ness, housing a full-service branch, a regional commercial lending center, a mortgage operation, and tenant lease space. The building contains many energy efficient features and achieved Silver LEED certification. Hobart said all five Independent Bank locations in the greater Austin area will benefit from the centralized
“Independent Bank-Austin is posi-tioned to be the bank of choice across three key areas of our business,” Brooks said. “The location is central-ly located and gives us the ability to meet Austin’s mortgage, commercial and personal banking needs under the direction of a dynamic leader in Brian, who is enthusiastic about bringing our central Texas bankers together un-der the same roof.” Q
TeXASN e W S W A T C H
Independent Bank Opens Southern Headquarters in Austin
First National Bank In Whitney Converts to State CharterTexas Banking Commissioner Charles G. Cooper announced that First Na-tional Bank in Whitney has completed its conversion to a TX state-chartered bank effective June 14. As a result of the conversion, the bank is changing its name to First Bank, Whitney. As a community bank with assets to-taling $61 million, First Bank will con-tinue providing financial services to its customers in the Lake Whitney area in north central TX as it has since it was established in 1932. The bank will re-main a member of the Federal Reserve System and FDIC deposit insurance coverage for all deposits will continue without interruption or change. Commissioner Cooper stated, “I am pleased to welcome First Bank to the Texas Department of Banking. We look forward to working with the bank and its staff.” First Bank is a member of four-bank holding company Baylor Bancshares Inc., based in Seymour Q
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Guaranty Bond Bank, N. A., Mount Pleasant, is increasing its presence in Gregg County with the recently an-nounced purchase of The First State Bank of Hallsville and construction of a new Longview branch. According to a story posted on Mar-shall News Messenger.com, Guaranty Bond said recently that its board of
Guaranty Bond Bank, Mount Pleasant, to Acquire First State in Hallsvilledirectors had approved the merger, which is expected to close during the third quarter. Terms were not dis-closed. The bank has filed an applica-tion with the OCC for the merger. “First State Bank of Hallsville has a long history of serving the commu-nities of Hallsville and Longview and provides Guaranty with a strategic
partner in our efforts to expand our footprint into Gregg and Harrison counties,” said Ty Abston, Guaranty chairman/CEO. First State branches at 901 N. East-man Rd. in Longview and 500 W. Main St. in Hallsville will begin operating as Guaranty branches after the merger is completed, joining Guaranty’s 16 lo-cations across 10 East TX counties. Guaranty Bond Bank, which is cel-ebrating its 100th anniversary in 2013, finished 2012 with total assets of more than $1.1 billion. First State Bank, es-tablished in 1909, had total assets of $34 million. Jon B. Ruff serves as president/CEO of First State Bank. Abston said Ruff and First State Bank employees would be joining Guaranty. Guaranty operates a LPO at 2393 H.G. Mosley Pkwy. in Longview It has acquired a building site at Tuttle Blvd. and W. Hawkins Pkwy. in Longview, where it will soon begin construction of a 7,500-sq.-foot full-service branch. The Guaranty Bond/First State deal is the latest in a recent string of East TX bank deals. Late in March, Henderson-based Citizens National Bank said it was ac-quiring East Texas National Bank of Palestine. In the fall of 2012, Citizens ex-panded its Gregg County presence with the acquisition of White Oak State Bank. In February, Longview-based Texas Bank and Trust Company announced the acquisition of two affiliate banks, Lindale State Bank of Lindale and First State Bank of Overton. The deals expected to close later this year Q
ances (11.17% of tangible assets) due from Fed banks at the close of first quarter 2013, up from $61.16 billion at the end of first quarter 2012. Wells Fargo & Co.’s national subsidiary, the next-closest competitor, reported balances due from the Fed banks of $100.88 billion (8.11% of tangible as-sets) at the close of the quarter up from $40.92 billion in the first quarter of 2012. See full report and analysis at http://www.snl.com/InteractiveX/Ar-ticle.aspx?cdid=A-17892667-11811 Q
Federal Reserve (continued from Page 10)
June 24, 2013 BANKERS DIGEST Page 11
N e W S W A T C H ARKANSAS
Van Buren’s First Community To Merge with FNB CrossettFirst Community Bank of Crawford County, Van Buren, plans to merge with and into affiliate bank First Na-tional Bank of Crossett, Crossett. First Community has filed an application with the Arkansas State Banking De-partment for permission to merge. Both banks are affiliates of Ashley Bancstock Company in Crossett. Ash-ley acquired First Community Bank in 2006. First Community Bank reported as of March 31, 2013, according to the FDIC, total assets of $77.8 million and total deposits of $68.5 million. First National Bank of Crossett, as of March 31, 2013, according to the FDIC, reported $139.2 million in total assets and $122.3 million in total deposits. First Community Bank operates three locations: two in Van Buren and one in Alma. First National Bank oper-ates three locations: one each in Cros-sett, Hamburg, and Fountain Hill. The merger appears to be a strat-egy by Ashley Bancstock to tighten up subsidiary operating expenses and strengthen capital ratios. No details have been announced Q
attached to a home owner’s insurance policy and specifies what items are insured. Written property appraisals are usually required by the insurance companies. Another box content insurance cov-erage option is also available and rea-sonably priced through the insurance provider Safe Deposit Box Insurance Coverage (www.sdbic.com). Their safe deposit box coverage is unique, does not require the disclosure of a box renter’s contents or any written prop-erty appraisals, and does insure flood damaged box contents and any other man-made or natural disaster.
Home Safes Not SafePurchasing a home safe and the many advantages of using this type of prop-erty protection were covered exten-sively in the reporter’s article. Based on the size of the home safe, prices usually range from $300 to several thousand dollars, according to a very
large New York safe company owner who was interviewed. He stated, “I think our business has definitely in-creased by 20% or 25% a year because of robberies, burglaries, disasters and our nation’s current financial crisis.” Again, I totally disagree with this home safe, property protection rec-ommendation. Unfortunately, I am home safe owner who was also a vic-tim of a home burglary. Even with our substantial home security system, all of my family’s valuable possessions that were stored inside an expensive 300 pound safe disappeared in one very traumatic afternoon. Because of that burglary, I am not a strong pro-ponent of storing valuables in a home safe. The former chief of the FBI’s Finan-cial-Crimes Section, who was also in-terviewed, agreed with me that if you do purchase a safe it is only as secure as the security system that protects your home. He now owns a home safe, but he stated, “That’s why I don’t keep anything terribly valuable in it.” When you compare home safe pro-tection to existing safe deposit boxes, you will find that most bank and credit union boxes are located inside a solid steel or concrete vault, protected by a thick vault door armed with door contacts, heat, motion and vibration detectors and a security system that is continuously monitored. It is pos-
sible that these safe deposit vaults could be compromised, but with over 25 million boxes rented nationwide, police reports indicate that, compared to home burglaries, these vault bur-glaries do not occur often. When this reporter contacted his local law en-forcement experts, a former New York City Police Captain said, “As a place to store valuables, the safe deposit box is the safest option.”
Disaster ProtectionRecently we have all seen on TV the terrible destructive tornados in Okla-homa and Super Storm Sandy’s wind and water damage along the East Coast. Mother Nature’s disasters have destroyed thousands of homes and businesses in a very short period of time. Our personal property, family heirlooms, and many other valuable items can all disappear in a matter of seconds. The graphic TV and newspa-per coverage of the strength of Tinker Federal Credit Union’s safe deposit vault in Moore, OK, was amazing and definitely saved twenty-four lives. The entire credit union building was com-pletely demolished in a matter of min-utes by an EF 5 (250 MPH) tornado. Following the disaster, the vault, the employees, the members, and all the valuable property stored inside the safe deposit boxes were still intact.
SAFE DEPOSIT (continued from Page 3)
(continued on Page 16)
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Page 12 BANKERS DIGEST June 24, 2013
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ArizonaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY approved an application by First Scottsdale Bank, N. A., Scottsdale, for a branch at 15190 N. Hayden Rd., Scottsdale.LouisianaBRANCHES The OCC approved an application by JPMorgan Chase Bank, N. A., Co-lumbus, OH, for a branch at 4021 Beh-rman Pl., New Orleans. The OFFICE OF FINANCIAL IN-STITUTIONS has approved appli-cations by Community Trust Bank, Choudrant, for branches in TX: 16479 North Dallas Pkwy., Addison, and mo-bile banking centers for Dallas and Tarrant counties. The FEDERAL RE-SERVE BANK OF DALLAS has filed an application for a branch at Two Turtle Creek Village, 3838 Oak Lawn Ave., Dallas, TX.MERGERS AND ACQUISITIONS The OFI has filed an application by West Carroll Community Bank, Oak Grove, to merge with The Eudora Bank, Eudora, AR, under the title West
Carroll Community Bank, Oak Grove, and to establish the sole office of The Eudora Bank as a branch.OklahomaBRANCHES The OCC approved an applica-tion by Banccentral, N. A., Alva, for a branch at 300 W. Broadway, Enid. The OCC approved an application by Stillwater National Bank, Stillwa-ter, for a branch at 056 Student Union Oklahoma State University, Stillwater.MERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF KANSAS CITY has received an appli-cation by Grand Bancorp Inc., Grove, to become a bank holding company through the acquisition of 100% of the voting shares of Grand Savings Bank, Grove.TexasCHARTERS The TEXAS DEPARTMENT OF BANKING has approved an applica-tion by First Bank, Whitney, to convert to a state bank charter from a national bank charter formerly known as The First National Bank in Whitney, Whitney. The TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LEND-ING has filed an application by First Federal Community Bank, Paris, to convert to a state savings bank to be named First Federal Community Bank, SSB.BRANCHES
The OCC approved an application by Guaranty Bond Bank, N. A., Mount Pleasant, for a branch at 2700 Earl Rud-der Fwy., Ste. 1000, College Station. The OCC approved an application by Capital One, N. A., McLean, VA, for a branch at 4212 Lemmon Ave., Dallas. The OCC approved applications by JPMorgan Chase Bank, N. A., Colum-bus, OH, for branches: 500 W. Wall St., Midland, and at the intersection of Fannin and Braeswood, Houston. The OCC approved applications by First National Bank Texas, Killeen, for First Convenience Bank branches: Intersection of S. Hickory Hill & I-30, Royse City; 2812 S. Expressway 281, Edinburg; 411 S. Broadway St., Elsa; intersection of US Hwy. 290 & Sarato-ga Farms, Elgin; 643 N. Harvey Mitch-ell Pkwy., Bryan; 2245 Jacksboro Hwy., Fort Worth; 6000 W. Avenue, San Anto-nio; and 2314 S. Zapata, Laredo. The TXDB approved an applica-tion by The First State Bank, Louise, to relocate a branch from 209 W. York to 101 E. York, Ganado. The TXDB received an application by Happy State Bank, Happy, to relo-cate a branch from 1331 W. Wilson St. to 1431 W. Wilson St., Borger. The TXDB updated an application by Patriot Bank, Houston, to relocate a branch from 5430 LBJ Fwy., Stes. 200 & 210, to 5580 LBJ Fwy., Ste. 100, Dallas.MERGERS AND ACQUISITIONS The OCC has approved an applica-tion by Southwestern National Bank, Houston, to merge with Nevada Na-tional Bank, Las Vegas, NV, with the resultant bank Southwestern National Bank, Houston. The TXDB received an application by The First State Bank, Hallsville, to merge with and into Guaranty Bond Bank, N. A., Mount Pleasant. The TXDSML has filed an applica-tion by Pioneer Savings, SSB, Drip-ping Springs, for reorganization into a holding company form of ownership through the merger of Pioneer Interim Corp., a wholly-owned subsidiary of Pioneer Bancshares Inc. As a result of the merger, Pioneer Bank, SSB, will be wholly-owned by Pioneer Bancshares Inc. Pioneer Bank, SSB, will be the sole survivor of the merger and will contin-ue to operate its main office and its ex-isting branches following the merger Q
June 24, 2013 BANKERS DIGEST Page 13
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COMMERCIAL LENDER: Indepen-dent bank will add AVP/VP-level lender to well-established location in desirable region of Texas. The po-sition will likely inherit a clean port-folio of local credits. Mark Mitchell,
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CHIEF LENDING OFFICER for small community bank. #2 in bank and open to relocation to East Texas. Sharon Emiliano, Babich & Associ-ates, [email protected], 214-823-9999 #306, www.babich.com.
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Page 14 BANKERS DIGEST June 24, 2013
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Herring Bank, based in Amarillo, Texas, is seeking a Compliance Officer. This candidate will have a Bachelor’s Degree in Business Management, Finance, Accounting or a closely related field and at least five years of proven management experience in compliance. CRCM or CAMS certification is required.
Lone Star Search, 972.335.9009, www.lonestarsearch.net.
CHIEF FINANCIAL OFFICER: Texas bank seeks high-integrity CPA bank-er from similar top-performing bank culture possessing strong experi-ence with GAAP, A/L, Cost Segmenta-tion, Branch Allocation, Budgeting, Forecasting, Securities. Mark Mitch-ell, Lone Star Search, 972.335.9009, www.lonestarsearch.net.
$400M independent community bank in East Texas has an opening for a COMPLIANCE OFFICER. Must have compliance experience. Send resume in confidence to bankers [email protected], subject line Box D-5.
COO for $144M Bank in Graham, Texas. Responsible for Bank Op-erations, HR, CDARS, Information Technology, Security Officer, Invest-ments, Insurance, BOLI, Fixed As-sets, Accounts Payable, Training,
and support Compliance Officer. Requirements: College Degree and a minimum of five years banking ex-perience. Bank offers a competitive salary; 401k, group insurance, and PTO. Please send all inquiries to Eddie Tucker, First State Bank Gra-ham, Fax 940-549-8886 or [email protected].
Southwest Securities, FSB has an opportunity for a COLLATERAL SPE-CIALIST LEAD at our Dallas corpo-rate office. This position is respon-sible for monitoring the work load and flow of the Collateral Opera-tions group using the Loan Booking Log and making sure it stays current on a daily, weekly, and monthly ba-sis. The candidate should also have a working knowledge of the tradi-tional types of commercial, real es-tate, and consumer loan documen-tation requirements and how these documents work to secure the loans with various types of collateral. SWS Group is an Equal Opportunity
Employer. Please email Sarah War-ren for more details or to submit a resume. [email protected].
CONSUMER LOAN OFFICER: First Financial Bank is seeking a Con-sumer Lender for Stephenville, Texas. Candidate must have a mini-mum of 4 years experience with a thorough working knowledge and use of credit analysis and loan doc-umentation, and business develop-ment skills. Apply at www.ffinbank.com, job #13-0147. EOE/AAP.
MORTGAGE LOAN OFFICER: First Financial Bank is seeking a Mort-gage Lender for Stephenville, Texas. Candidate must have a minimum of 4 years experience. Candidate must have working knowledge of mortgage lending, laws/regulations procedures as well as other loan programs of-fered. Apply at www.ffinbank.com, job #13-0146. EOE/AAP.
MARKET PRESIDENT – SAN ANTO-NIO position available for a multi-state, well-capitalized financial in-stitution interested in growing its presence in the region. The candi-date should be a self-starter with previous management experience. Proven commercial lending expe-rience, strong credit skills and a business development mentality is required. Great opportunity for the right candidate. Competitive com-pensation and benefits package. Please send resume to [email protected], subject line Box J-1.
MARKET PRESIDENT for a prosper-ous, growing bank in an agricultural So. Texas community. Great oppor-tunity for a COMMERCIAL LENDER who enjoys a rural setting & getting involved in the community. Anne Wilson, The Wilson Group, [email protected], 361-883-3535.
COMMERCIAL LENDER: Unity Na-tional Bank of Houston, TX, is seeking a strong Commercial Lender, Senior VP Level. Must have a minimum of 10 years banking commercial lending experience, strong Credit skills, for-mal credit training. Competitive sal-
June 24, 2013 BANKERS DIGEST Page 15
C l A S S I F I e D ary with benefits including 401k. Only qualified applicants will be consid-ered for this position. Please e-mail resume and salary requirements to NOTE CORRECTED EMAIL: [email protected].
SENIOR COMMERCIAL LENDING OFFICER: Large independent fi-nancial institution has an immedi-ate full-time opening for a Senior Commercial Lending Officer in Vic-toria, TX. Position requires at least 15 years experience in commercial lending with extensive knowledge of commercial lending regulations and procedures. College degree in finance, accounting, or related field is required. Prior management and leadership experience a plus. Indi-vidual must possess strong business development skills. Excellent sal-ary and benefits. Qualified individuals may apply on-line: www.americanbank.com. Equal Opportunity Employer.
Lone Star Bank seeks SENIOR VICE PRESIDENT level Commercial Lend-er for a new Austin, TX, area branch located in a highly desirable Lake Travis area. We are looking for an individual with a significant level of community bank experience in the immediate Austin area. 15+ years commercial lending experience and strong credit skills required. Formal credit training a plus. Respond to [email protected].
TRAINING COORDINATOR IN SOUTH TEXAS: Do you like to fish, hunt, golf, or relax at the beach? First Community Bank, Corpus Chris-ti, TX, is looking for a TRAINING COORDINATOR for our $300M bank with 7 branches. Preferred require-ments include 5 years experience in training and facilitation in a finan-cial institution or corporate environ-ment. Must have strong classroom management skills with experience in training, coaching, and motivat-ing others to meet goals. Must have good communication skills, presen-tation skills, and be able to multi-task and prioritize. Competitive salary and benefits. Send resume and salary requirements to [email protected]. EOE.
$275MM community oriented bank in eastern Oklahoma is seeking a LENDER with 5+ years experience in credit analysis; commercial, real estate, and consumer lending; and a good understanding of loan col-lection. This position will assume an existing portfolio as well as work with the president and the chief lending officer in managing certain loans. The successful candidate will be a self starter with a posi-tive attitude, have a college degree and proficiency in Microsoft Office. Please send resume and salary requirements to [email protected], subject line Box J-3. EOE. Member FDIC.
Community bank in north central Texas seeks ASSISTANT CFO. Suc-cessful candidate must have budget experience and accounting degree. Send resume with salary require-ments to [email protected], subject line Box J-2.
MORTGAGE LOAN OFFICER: Worthington National Bank, Tarrant County, is seeking an experienced Mortgage Lender. Candidate must have 4 years experience and a work-ing knowledge of mortgage lending, laws, regulations, and procedures. Please send resume to [email protected].
EQUIPMENT FULLY OPERATIONAL BRANCH BANK available. Located on U.S. Highway 380 in Little Elm, Texas. Contact: [email protected].
FOR SALE: Opteva 750 – Advanced-function, Island Drive-Up ATM. ADA compliant. Contact 580-222-8080 for details.
For Sale or Lease: Modular Bank Build-ings. Immediately available, 14’x66’ or 24’x66’. Texas coded facilities. Bank-ing equipment Included along with drive thru. Contact Clint Werts at 888-800-8866, [email protected].
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In Conclusion:Historically and in our current finan-cial environment, the safe deposit service is still considered one of the financial institution’s best marketing tools. It attracts and enables institu-tions to cross-sell additional financial services to very affluent consumers. With today’s strong push towards au-tomation, on-line bill paying, ATMs, debit cards, and many other electron-ic services, consumers are no longer required to come into a brick and mor-tar facility. Renting a safe deposit box
continues to be the only service that requires individuals and businesses to come through your lobby doors. There are thousands of banks and credit unions nationwide offering safe deposit box service correctly, and they are actively promoting it to their customers and members. Because of this, many financial institutions have 90% to 100% of their boxes rented and continue to have long waiting lists for their most popular box sizes. Consumers, banks, and credit unions should all be aware, “Safe De-posit Boxes Are NOT on Their Way
Out” as the recent NY news article predicts. There will never be a better security option available to protect our valuables, and safe deposit boxes are going to be around for many years to come Q
About the Author: David P. McGuinn, president of Safe Deposit Specialists, is a former banker and is often referred to nationwide as the safe deposit GURU. In all 50 states, he has trained over 250,000 safe deposit personnel since 1969 and has served as President of the American, Texas and Houston Safe Deposit Asso-ciations.
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