John A. Martin has joined the holding company as CFO. His experi-ence in TX banking includes serving as CFO of Texas Regional Bancshares Inc. and director of financial planning and analysis for BBVA Compass Commu-nity Bank Group. Roseanne McGill, founder of PrimeLending, has been named chairman of the P r i m e L e n d i n g board and execu-tive vice president of strategic initiatives for the holding company. She will work closely with White on developing new opportuni-ties for the company. Allen Custard has been named executive vice president of corporate development and strategic planning for the holding company. He will also assist in business development and capital market transactions. He previ-ously served as managing director of corporate finance at First Southwest. PlainsCapital Corporation, founded in 1987, reports over $5 billion in as-sets, more than 2,800 employees, and 245 locations in 36 states Q

PlainsCapital Corporation, Dallas, TX, announced on November 16 execu-tive management changes that will allign the man-agement team. PlainsCapital is the privately-held holding company for PlainsCapital Bank, PrimeLend-ing, and First-Southwest. PlainsCapital Corp. Chairman/CEO Allan B. White will continue to serve as chairman of the bank but relinquish the CEO position to bank president Jerry Schaffner. James Huffines has been promot-ed to president/COO of the hold-ing company. He will have daily oversight of the company and its subsidiaries. He

Volume 137, No. 22November 29, 2010

In This Issue...

Stress Testing Feature............................................3

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

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

Please route this issue:

www.bankersdigest.com

Martin

PlainsCapital Corp. Announces Alignment of Executives, Names Huffines President/COO

ICBA/NM to Assume Management of WSSBThe Western States School of Bank-ing (WSSB), held annually at New Mexico State University in Las Cruces, will be managed and operated by the Independent Community Bankers As-sociation of New Mexico (ICBA/NM) under the terms of an agreement that will be effective January 1, 2011. The announcement was made jointly by Portales, NM, banker Richard Brad-fute, chairman of the WSSB board of directors, and Artesia, NM, banker Greg Marrs, chairman of the ICBA/NM board of directors. Both bankers

joined PlainsCapital Bank in 2001 as chairman of its Central and South TX region. The 30-year banking and financial services veteran has been closely associated with Dallas-area financial services, business, and cul-tural interests. Schaffner joined the bank-ing group shortly after its founding in Lubbock in 1988, was promoted to chief lending officer in 1997, and to president in 2004. Paul Holubec has been promot-ed to Central and South TX region chairman for the bank. He joined the bank in 2002 and has served as market president since 2005.

Schaffner

Huffines Holubec Custard

are graduates of the WSSB. WSSB is a two-year banking pro-gram held each summer. The 2011 ses-sion will the 37th year for the school. In addition to the banking school, WSSB is authorized by the Nationwide Mortgage Licensing System to of-fer mortgage loan originator training, which was mandated by the federal SAFE Mortgage Licensing Act passed in 2008. WSSB has begun this training. ICBA/NM, based in Farmington, is NM’s largest banking membership organization Q

Page 2 BANKERS DIGEST November 29, 2010

as a senior vice president and senior trust officer, responsible for working

with individuals, families, busi-nesses, estates, foundations, and trusts. She has more than 30 years of fi-nancial industry ex-perience, including JPMorgan Chase Bank and most re-

cently with a local investment manage-ment firm as managing director. She earned a BA degree in economics from Texas A&M University, holds Certified Financial Planner (CFP) and Chartered Ad-visor for Senior Living designations, and a Series 66 Securities license Q

p e o p l e TeXAS

Fourrier Tapped SVP, Bank of Texas, Sherman

Fonteno Joins Amegy as SVP and Trust Officer

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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

Susan Fonteno, CFP, has recently joined Amegy Bank of Texas, Houston,

Fonteno

Norm Bagwell, chairman/CEO, and Steve Jones, Sherman president, Bank of Texas, N.A., Dallas, jointly announced the appointment of David Fourrier to senior vice presi-dent of the com-mercial banking group in Sherman. He will be respon-

sible for generating new commercial banking business in the Sherman/Gray-son County market. He most recently served as market executive/senior relationship manager at JPMorgan Chase Bank in Sherman/Grayson, Collin, and Hunt counties. Earlier, he was vice president/relation-ship manager for Chase predecessor, Bank One. He has served in the Gray-son County market since 2002. Fourrier earned a BA degree from Austin College in Sherman. He has served with numerous community or-ganizations, including service on the boards of directors for the The Wilson N. Jones Foundation and The Child & Family Guidance Center of Texoma Q

Fourrier

O’Connell Tapped Chief Marketing Officer, HCSBChristopher O’Connell has recently joined HCSB, Plainview, as executive vice president and chief marketing of-ficer. He will serve as a member of the bank’s four-person executive manage-ment committee. The veteran marketing executive is based in San Antonio and will oversee marketing, advertising, and public re-lations, among other duties Q

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STRESS TESTINGCongressional Watchdog Group Said U.S. Banks

Should Undergo Stress Tests

B D

FEATURE

The Congres-sional Over-sight Panel said on No-vember 16 that U.S. banks should

undergo stress tests to determine whether or not they have enough capi-tal to absorb losses that could stem from investigations into their mort-gage loan foreclosure processes. In an article by Ben Rooney, CNNMoney.com staff reporter, the Con-gressional Oversight Panel, created by Congress in 2008 at the time the U.S. Treasury was provided the authority to spend $700 billion to stabilize the U.S. economy, issued a 125-page re-port “detailing recent allegations that banks and loan servicers filed thou-sands of inaccurate documents in foreclosure cases across the country.” The Congressional Oversight Pan-el was created “to review the current state of financial markets and the reg-ulatory system.” Rooney writes, “while the report acknowledged that the scope and the consequences of controversy remain unknown, the panel warned that the financial system could be at risk if the allegations of “robo-signing” are prov-en to be true.” The report said, “If documentation problems prove to be pervasive and, more importantly, throw into doubt the ownership of not only foreclosed properties but also pooled mortgages, the consequences could be severe.” Rooney writes, “The worry is that banks will be forced to buy back mort-gages that had been bundled and sold in the $7.6 trillion market for Resi-dential Mortgage Backed Securities, or RMBS. That could result in severe losses for the banks and destablize the still-fragile financial system, ac-cording to the report.”

However, the report noted that concerns about robo-signing could be overblown. The panel’s chairman, Sen.(D-Del.) Ted Kaufman, said, “It could turn out to be nothing, or it could turn out to be a big deal. We’re not at the stage yet where we have all the info we need to determine how bad it’s going to be.” To assess banks’ vulnerability, Rooney writes, the panel “called on regulators to subject banks to stress tests to gauge whether their financial health is sound enough to withstand losses that could result from the con-troversy under a worst-case scenario.” In 2009, the federal government stress tested 19 of the nation’s larg-est bank holding companies under the “Supervisory Capital Assessment Program,” or SCAP. The stress testing projected that the “big 19” could suf-fer losses up to $599 billion through the end of 2010, “under a more ad-verse macroeconomic scenario than is currently anticipated.” Therefore, the federal government required 10 of the 19 bank holding companies to raise a combined $75 billion in capital to cushion themselves. Since the stress tests of spring of 2009, President Obama signed into law in July 2010 the Dodd-Frank Act which requires the Federal Reserve Board to conduct annual stress tests of bank

holding companies with total consoli-dated assets of $50 billion or more. It also requires all financial companies with more than $10 billion in assets to conduct their own stress tests. In a White Paper released in Oc-tober 2010, the Conference of State Bank Supervisors (CSBS) (www.csbs.org) is now calling on all community banks, regardless of size, to utilize stress test-ing as part of their risk management framework. The paper states, “the en-tire financial services industry should be prepared for increased expecta-tions as financial regulators become accustomed to seeing stress testing as part of the risk management frame-work and an important part of their su-pervisory process. Increasingly, bank management will find it difficult to demonstrate sufficient risk manage-ment processes without incorporating an element of stress testing.” The CSBS White Paper titled “The Case for Stress Testing at Community Banks” offers several issues related to the widespread use of stress testing by banks which deserve careful con-siderations. First, what should be our expecta-tions for the percentage of “well capi-talized” banks in a stressed environ-ment?

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Sovereign Bank, Dallas, has named Dennis Van Fossen president of its Richardson lo-cation at 377 W. Campbell Rd. He joins vice presi-dent Chris Lawless in Richardson. Fossen previous-ly served as Dallas/Fort Worth market CEO for Hous-ton-based Sterling Bank. He joined Sterling from the merger of Dallas-based Oaks Bank & Trust Co. in 2006. He was the longtime president of Oaks Bank and manager of its Richardson branch. He joined Oaks Bank in the early 1990s as execu-tive vice president. Sovergeign Bank has offices in Dal-las (2), Richardson, Southlake, Las Colinas, Arlington, Fort Worth, Cedar Park, and Austin Q

p e o p l e TeXAS

Van Fossen is President, Sovereign in Richardson

Tippens & Fiegel Re-Elected, KC Fed OkC Branch Board

Kristina Durrence has joined Citizens Security Bank & Trust Co., Bixby, as vice president of compliance and CRA officer. She previously served 12 years at Bank of Oklahoma, N.A., most re-cently as senior compliance officer. Teresa Kirkland has been named vice president and internal auditor. She previously served 12 years at First United Bank and Trust Company in Durant. She most recently served at the assistant vice president level Q

Michael Phillip Nash, UMB Tulsa Commercial Lender, Dies at 59

Doug Tippens, president of Bank of Commerce in Yukon, and Jacque Fie-gel, senior EVP/COO of Coppermark Bank of Oklahoma City, have been re-elected to the board at the Oklahoma City branch of the Federal Reserve Bank of Kansas City. Stanley Lybarger, president/CEO of Bank of Oklahoma, N.A., Tulsa, was ap-pointed as the KC Fed’s Federal Advisory Council representative to the Fed’s Board of Governors in Washington, DC Q

Durrence and Kirkland Join Citizens Security Bank, Bixby

oKlAHoMA

Van Fossen

Thirty-year Tulsa banker Michael Phil-lip Nash died in early November of complications from cancer. At the time of his death, Nash was serving as a commercial lender for UMB Bank in Tulsa. He served with various financial institutions during his career, including Bank of Oklaho-ma, N.A., and Bank of America. Nash was a graduate of Oklaho-

ma State University, where he earned bachelor’s and MBA degrees. He was dedicated community vol-unteer who served on the boards and in the field for various charities. His favorite volunteer interest was Tulsa’s Neighbor for Neighbor organization. He served on the organization’s board and as a volunteer tutor-mentor in “safe houses” in north Tulsa Q

November 29, 2010 BANKERS DIGEST Page �

p e o p l e

Fach Joins Enterprise Bank, Phoenix, as VP/Rel Manager

Boudreaux Named Advisor, Home Bank in Lafayette

Heartland Community Bank Taps Gregory SVP, Miller VP/CLO, & East Bus Development Officer

ARKANSAS

Clyde H. Henderson, chairman/CEO of Heartland Community Bank, reported that Joe Gregory has been named se-nior vice president and general coun-sel for both the bank and its parent, Rock Bancshares Inc., Little Rock. Gregory has 20 years of legal experi-ence in the Little Rock area. He served as a staff lawyer for Arkansas Electric Cooperative Corporation, corporate counsel, risk manager, and general counsel for Environmental Systems Company, and most recently as man-aging partner of the Little Rock law firm of Jack, Nelson, Jones, Jiles & Gregory. He holds a degree in accounting from Arkansas State University and a law de-gree from the University of Arkansas at Little Rock School of Law. Blake Miller has been named vice president of commercial lending at the newly opened commercial lend-ing division at Rock Plaza in the River-dale Business Park (The Heights, 5100

Kavanaugh Blvd.). He joins long time bank employees Mark Hoffpauir, EVP/chief lending officer, and Phil Thomas, SVP/commercial lending. Miller has more than 16 years of banking experience, most recently as EVP/chief lending officer of Cen-tennial Bank in Little Rock. He is a graduate of the University of Arkansas in Fayetteville, the ABA Commercial Lending School at SMU, and attended the Southwestern Graduate Banking School at SMU. Ashley O’Brien East was named as the business development officer in Little Rock. She graduated from Western State College in Gunnison, CO, with a business degree in 2002. Before joining the bank, she served as the associate director of development for the College of Medicine at UAMS. and earlier was an institutional fixed income sales representative for Ste-phens Inc. Q

loUISIANA

ARIZoNA

Home Bancorp Inc., parent of Home Bank, Lafayette, reported that John A. Boudreaux has joined HB Finan-cial as a financial advisor at the bank’s main office at 503 Kaliste Saloom Rd. Boudreaux is a licensed insurance agent, holds securities three series li-censes, and is a graduate of the Uni-versity of Louisiana at Lafayette with a bachelor’s degree in behavioral sci-ence Q

Enterprise Bank & Trust, Phoenix, has hired Tomas R. Fach as vice president and relationship manager at the 3900 E. Camelbach Rd., Ste. 180, location. He previously served as a relationship manager at Irwin Union Bank in Phoe-nix and holds a BBA degree from Texas State University in San Marcos Q

Page � BANKERS DIGEST November 29, 2010

N e W S W A T C H

Bank ‘34 Opens New Full-Service Las Cruces Branch

loUISIANA

The FDIC announced on November 16 the selection of Liberty Bank and Trust Co., New Orleans, as one of nine banks to participate in a case study to help the agency identify best practices of banks offering safe and low-cost transactional and savings ac-count products, particularly those that are responsive to the needs of under-served consumers. A list of participat-ing banks can be found at http://www.fdic.gov/consumers/template/banks.html. A full description of the accounts and the pilot can be found at http://www.fdic.gov/consumers/template/. Liberty Bank will offer its new E-Cash transaction and savings accounts in the Greater New Orleans area. Visit the bank’s website: www.libertybank.net Q

FDIC Selects Liberty Bank, New Orleans, as Pilot Bank

Texas Exchange in Crowley Set to Open in Fort Worth

TeXASNeW MeXICo

Veritex Holdings Acquires Fidelity Bank, Plano/Dallas

Bank ‘34, Alamogordo, has opened its newest branch at 220 N. Telshor Blvd. in Las Cruces. The new branch facility replaces the former Las Cruces branch at 1115 Commerce Dr. and a loan pro-cessing center at 530 Telshor Blvd. The new branch facility is a full-ser-vice location with a drive-thru lane and ATM Q

Veritex Holdings Inc., Dallas, recently signed a deal to acquire Fidelity Bank, Plano/Dallas and announced plans to merge the bank with its subsidiary bank, Professional Bank, N.A., Dallas. Veritex CEO Malcolm Holland said in an article by Brendan Case, The Dallas Morning News staff writer, “We want to be a Dallas consolidator of banks. The opportunity really is to build Dallas’ next $1 billion to $1.5 billion bank.” Fidelity Bank, founded in 1999 as Parkway Bank, N.A., was acquired in 2006 by bank chairman William Mur-phy and a group of investors. The bank was rebranded as Fidelity Bank and later opened a branch in Preston Center in Dallas. Fidelity reported, as of June 30, 2010, total assets of $151.3 million and total deposits of $129.3 million Q

Texas Exchange Bank, ssb, Crowley, has announced plans to open its first location outside Crowley at 2820 S. Hulen in Fort Worth. The office will be in a former Wells Fargo Bank location and will likely open by the end of 2010, according to an article by Rob Robert-son in the Fort Worth Business Press Q

Citizens Bank of Las CrucesIs Convention Center BankCitizens Bank of Las Cruces and the Las Cruces Convention Center have final-ized a partnership that names Citizens as the official bank of the convention center and gives the bank exclusive marketing rights within the soon-to-be completed 55,000 square-foot building. The three-year agreement also covers outdoor event space Q

November 29, 2010 BANKERS DIGEST Page 7

Page � BANKERS DIGEST November 29, 2010

R e G U l A T o R S

C h a r t e r

a c t i v i t yArkansasMERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF ST. LOUIS has filed applications involving Central Bancshares Inc., Lit-tle Rock, and thereby indirectly Cen-tral Bank, Little Rock, as follows: by

Carlson Bancshares Inc., West Mem-phis, to acquire no more than 9.99%; Cross County Bancshares Inc., Wynne, to acquire no more than 24.99%; and Lonoke Bancshares Inc., Lonoke, to acquire no more than 24.99%.ArizonaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has received applications by Meridian Bank, N.A., Wickenburg, to relocatea branch from 3550 N. Central Ave., Ste. 150, to 2700 N. Central Ave., Ste. 110, Phoenix, and

for a mobile branch at 16435 N. Scott-sdale Rd., Ste. 300, Scottsdale.LouisianaMERGERS AND ACQUISITIONS The OCC has received an applica-tion by First National Bankers Bank, Louisiana, Baton Rouge, for an affili-ate merger with Mississippi National Bankers Bank, Ridgeland, MS; First National Bankers Bank, Alabama, Homewood; and Arkansas Bankers Bank, Little Rock, AR; the resulting bank will be First National Bankers Bank, Baton Rouge.OklahomaMERGERS AND ACQUISITIONS The FRB OF KANSAS CITY has received an application by Union Bank, Oklahoma City, to merge with First Coleman National Bank, Cole-man, TX; Graham National Bank, Gra-ham, TX; Citizens National Bank of Breckenridge, Breckenridge, TX; First State Bank of Canadian, N.A., Cana-dian, TX; First National Bank of Olney, Olney, TX; Friona State Bank, N.A., Friona, TX; Farmers National Bank of Seymour, Seymour, TX; and InterBank, Elk City; and incident thereto estab-lish 15 branches in TX and OK. Union Bank will also purchase certain assets and assume certain liabilities of the Borger and Stinnett branches of First National Bank of Borger, Borger, TX.TexasBRANCHES The OCC has received applications by First National Bank of Borger, Borg-er, for a branch at 531 N. Deal, Borger, and to relocate its main office from 531 N. Deal to 400 N. Main, Panhandle. The TEXAS DEPARTMENT OF BANKING has received an application by Southwest Bank, Fort Worth, for a branch at Jerome St. and W. Rosedale St., Fort Worth.MERGERS AND ACQUISITIONS The OCC has received an applica-tion by Professional Bank, N.A., Dal-las, to merge Fidelity Bank, Plano, with and into Professional Bank, N.A., Dallas, the resulting bank. The TXDB has received an applica-tion by Happy State Bank, Happy, to P&A branches from City Bank, Lub-bock: 500 Main St., Silverton; 105 S. Wall, Floydada; 201 N. Main St., Lock-ney; and 612 Main St., Olton Q

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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

C l A S S I F I e D

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 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.

POSITION WANTED

MARKET PRESIDENT seeks bank that would like to establish new branch office in Collin County. Prov-en record of building conservative loan portfolio and strong deposit base. If interested, send an email to PlanoBanker@gmail.com.

POSITIONS AVAILABLE

LOAN REVIEW OFFICER FOR DFW bank. Must have current or recent experience in same position with large bank. Good opportunity. Sha-ron Emiliano, Babich & Associates, Sharon@babich. com, 214/823-9999, #306, www.babich.com. (see banking).

SBA OPERATIONS MANAGER: Re-sponsible for all operational ele-ments of large portfolio. Duties include packaging and reporting. Must have Colson 1502 reporting experience. Harvey Urban, Babich & Associates, hurban@babich.com 214-823-9999 #304.

COMMUNITY BANKER, LOUISI-ANA: Generalist lender needed, small town. Ground floor opportuni-ty as new management will expand throughout state. Mark Mitchell, Lone Star Search, 972.335.9009, www.lonestarsearch.net.

COMMUNITY BANK LOAN OFFI-CER: Vernon, Texas. Must possess strong lending and business devel-opment skills. Community partici-pation a plus. Call or send resume to Campbell Burgess, Herring Bank, CBurgess@HerringBank.com, 806-242-3704.

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. Please send resume to bankersdi-gest@bankersdigest.com, subject line Box S-1.

COMMUNITY BANK LOAN OFFICER position in Santo, Texas. Must pos-sess strong lending and business development skills. Community par-ticipation a plus. Please send re-sume to bankersdigest@bankersdi-gest.com, subject line Box 0-2.

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.

LOAN OFFICER – Well established community bank has an immediate opening for a Commercial Loan Offi-cer in the Coppell and Denton area. Ideal candidate will have 5+ years previous lending experience with a successful track record. Must have strong writing and communication skills and work effectively in a team environment. Excellent opportunity to develop new relationships in a growing market. Competitive com-pensation including 401(k) and in-centive bonus. Please send resume including salary requirements to ca-reers@independent-bank.com. EOE

INTERNAL AUDITOR: Positions available in Amarillo, Dallas, Wichita Falls and other areas. Must possess strong audit experience in banking. Call or send resume to Campbell Burgess, Herring Bank, CBurgess@HerringBank.com, 806-242-3704.

Texas Champion Bank, Corpus Christi, Texas, with 13 locations, has an opening for a LOAN REVIEW OF-FICER. The qualifications for this position include: bachelor’s degree preferred in finance, business, or

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C l A S S I F I e D accounting, 3 to 5 years of commer-cial lending experience or 2 to 4 years of experience as a loan review officer or 2 to 4 years experience as a bank regulator. The loan review officer position is primarily responsible for conduct-ing internal loan review, developing management related reports, and presenting results to lenders, man-agement, and the board. This posi-tion will assist with both identifying credit policy weaknesses, and thhe development of credit policy. We offer a competitive salary and benefits. Send resume to Ed Lopez, chief lending officer, Texas Cham-pion Bank, P.O. Box 270550, Cor-pus Christi, Texas 78427 or email to lopeze@texaschampionbank.com. Texas Champion Bank is an equal opportunity employer. Resumes will be accepted until December 31, 2010.

PRESIDENT/CEO. Bandera First State Bank, Bandera Texas, is seek-ing a PRESIDENT/CEO. Experi-enced bank executive with at least five years of proven leadership as a CEO or in executive management. The successful candidate will pos-sess strong leadership, communi-cation, team building, and IT skills. A degree in finance, business, or related field is preferred. Bandera First State Bank is a growing com-munity bank located in the beautiful Texas Hill Country. For confiden-tial consideration, please email re-sume and salary considerations to mboyle@banderafirst.com.

Wanted for Lake Livingston area: EXPERIENCED COMMUNITY BANK-ER WITH DESIRE TO BE PRESI-DENT of a well run community bank in a very short time frame. The ideal applicant must be community ori-ented and experienced in all areas of banking. Must be presently em-ployed with a bank or savings and loan and must have commercial lending experience. Send resume to P.O. Box 1800, Livingston, TX 77351, Attn: C.W. Miller or email resume to cwm@psbtexas.com.

DEPOSIT OPERATIONS SUPERVI-SOR: Locally owned $190M com-munity bank is seeking a candidate with bank deposit and IT Operations experience. Deposit compliance and employee supervision experi-ence expected. Candidate should have strong communication, orga-nizational, supervisory, and project management skills. Must have 5 years banking operations experi-ence and/or a degree in business. Forward resume to jbeck@bank texas.org.

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Second, can a bank be stressed to “inadequately capitalized” and still be a 1 or 2? Third, how should a bank deter-mine the extent of risks required to be stress tested? Fourth, should stress testing re-sults be publically available? The CSBS White Paper concludes with the statement that “community banks will need to be able to bet-ter project their solvency and liquid-ity through an economic cycle. Stress testing should be a fundamental part of this new era of risk management. Stress testing can assist bank man-agement in identifying and quantify-ing its greatest vulnerabilities. This is crucial to demonstrating the ability to manage credit concentrations, which are inherent in community banks.” The CSBS White Paper offers “Nine Stress Points to Consider” at the mac-ro and micro level areas. The paper re-minds bankers, “stress events do not occur in isolation, often leading to problems in other areas.” Q

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Page 12 BANKERS DIGEST November 29, 2010

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

PERIODICAL

Three banks were closed by state bank regulators on November 19. The year-to-date total bank failures is 149. The FDIC was appointed receiver in each of the bank failures. Gulf State Community Bank, Car-rabelle, FL, was closed; the 28th bank to fail in FL in 2010. The FDIC entered into a P&A agreement with Centennial Bank, Conway, AR, to assume all of the failed bank’s deposits (no premium) and purchase essentially all of the as-sets under a loss-share transaction.

Three Banks Fail in FL, PA, & MI; YTD Total Failures 149Carrabelle is located on the Gulf of Mexico in the eastern FL Panhandle, SW of Tallahassee. Allegiance Bank of North America, Bala Cynwyd, PA, was closed; the first bank failure in PA in 2010. The FDIC entered into a P&A agreement with VIST Bank, Wyomissing, PA, to assume all of the failed bank’s deposits (.5% premium) and purchase essentially all of the assets under a loss-share trans-action. First Banking Center, Burlington, WI,

was closed; the second bank failure in WI in 2010. The FDIC entered into a P&A agreement with First Michigan Bank, Troy, MI, to assume all of the failed bank’s deposits (.5% premium) and purchase essentially all of the as-sets under a loss-share transaction Q

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