MISSISSIPPI Planters Bank Announces Randall’s Retirement and Promotions for Hargett and Quinn Planters Bank announced in February that ALAN HARGETT is assuming the role of president and CEO, replacing long- time executive RANDY RANDALL, who has served in that role since 2003, according to a report in the Mississippi Business Journal. The bank also announced that JIM QUINN will assume Hargett’s previous position as executive vice president and chief credit officer for the bank. Randall will continue to serve as president of Planters Holding Co. and as a member of the bank’s board of directors. Hargett began his banking career with Planters as a management trainee in 1989. He then became a commercial lender before being named president of the bank’s Ruleville office. He was later promoted to chief credit officer. Hargett earned a bachelor’s degree from Missis- sippi State University. Quinn joined the bank in 1999 as vice president of the Greenwood office before becoming president of that office in 2011. He received a bachelor’s de- gree from Mississippi State University Randall has been part of the Planters team for the past 40 years. His banking career began with Sunburst Bank where he served for three years before joining Planters in 1978. He served as president of the Planters Indianola office for many years before becoming president and COO in 2003. Randall received his bachelor’s of science degree from Mississippi State in 1975. HARGETT QUINN RANDALL LOUISIANA Johnston Promoted to North Louisiana Regional Manager for First Guaranty Bank ADAM JOHNSTON has been promoted to regional manager of the north Louisiana region at First Guaranty Bank, based in Hammond. He will be responsible for the overall management and develop- ment of the lending activities and staff in that region. “Adam has proven to be an excep- tional lender and has managed our syn- dicated loan and lease portfolio,” says Alton Lewis, CEO and president of First Guaranty Bank. First Guaranty Bancshares Inc. is the holding compa- ny for First Guaran- ty Bank, a Louisiana state-chartered bank that was founded in 1934. The bank current- ly operates 27 branches throughout Louisiana and Texas. TEXAS First State Bank of Uvalde Names Stary New President and CEO In February, CHAD D. STARY was welcomed as the new president and CEO of the First State Bank of Uvalde. The announcement was made by Dolph “Chip” Briscoe III, the bank’s chairman. Stary will be the 11th president to serve during the landmark bank’s 111-year history. “I am very hon- ored to have this opportunity to be with the First State Bank of Uvalde and back in rural south Texas,” Stary says. “First State Bank of Uvalde is a true Texas legacy ranching bank.” A graduate of the University of Houston and Victoria College, Stary holds an AIB commercial lending diplo- ma and completed the Federal Reserve Banking I and II schools. He has 32 years of banking experience, including being president/chief lending officer of Guadalupe National Bank, executive vice president/chief credit officer of Kle- berg First National Bank and Guadalupe Valley regional president for Prosperity Bank. He also worked as an assistant examiner with the Federal Reserve Bank of Dallas. First State Bank of Uvalde has a unique history of ownership. In the first half of its existence, the majority share of the bank’s stock was held by U.S. Vice President John Nance “Cactus Jack” Garner and his family. In 1960, the late Dolph Briscoe Jr., former Texas governor, purchased controlling inter- est in the bank. STARY MARCH 5, 2018 | VOLUME 152, NUMBER 9 | WWW.BANKERSDIGEST.COM PUBLISHED EVERY MONDAY EXCEPT THE FIFTH MONDAY OF THE MONTH JOHNSTON
Transcript
M I S S I S S I P P I Planters Bank Announces Randall’s Retirement and Promotions for Hargett and QuinnPlanters Bank announced in February that ALAN HARGETT is assuming the role of president and CEO, replacing long-
time executive RANDY RANDALL, who has served in that role since 2003, according to a report in the Mississippi Business Journal. The bank also announced that JIM QUINN will assume Hargett’s previous position as executive vice president and chief credit officer for the bank. Randall will continue to serve as president of Planters Holding Co. and as a member of
the bank’s board of directors.Hargett began his banking career
with Planters as a management trainee
in 1989. He then became a commercial lender before being named president of the bank’s Ruleville office. He was later promoted to chief credit officer. Hargett earned a bachelor’s degree from Missis-sippi State University.
Quinn joined the bank in 1999 as vice president of the Greenwood office before becoming president of that office in 2011. He received a bachelor’s de-gree from Mississippi State University
Randall has been part of the Planters team for the past 40 years. His banking career began with Sunburst Bank where
he served for three years before joining Planters in 1978. He served as president of the Planters Indianola office for many years before becoming president and COO in 2003. Randall received his
bachelor’s of science degree from Mississippi State in 1975.
HARGETT
QUINN
RANDALL
L O U I S I A N A Johnston Promoted to North Louisiana Regional Manager for First Guaranty BankADAM JOHNSTON has been promoted to regional manager of the north Louisiana region at First Guaranty Bank, based in Hammond. He will be responsible for the overall management and develop-ment of the lending activities and staff in that region.
“Adam has proven to be an excep-tional lender and has managed our syn-dicated loan and lease portfolio,” says Alton Lewis, CEO and president of First Guaranty Bank.
First Guaranty Bancshares Inc. is the holding compa-ny for First Guaran-ty Bank, a Louisiana state-chartered bank that was founded in 1934. The bank current-ly operates 27 branches throughout Louisiana and Texas.
T E X A S
First State Bank of Uvalde Names Stary New President and CEOIn February, CHAD D. STARY was welcomed as the new president and CEO of the First State Bank of Uvalde.
The announcement was made by Dolph
“Chip” Briscoe III, the bank’s chairman. Stary will be the 11th president to serve during the landmark bank’s 111-year history.
“I am very hon-ored to have this opportunity to be with the First State Bank of Uvalde and back in rural south Texas,” Stary says. “First State Bank of Uvalde is a true Texas legacy ranching bank.”
A graduate of the University of Houston and Victoria College, Stary holds an AIB commercial lending diplo-ma and completed the Federal Reserve Banking I and II schools. He has 32 years of banking experience, including being president/chief lending officer of Guadalupe National Bank, executive vice president/chief credit officer of Kle-berg First National Bank and Guadalupe Valley regional president for Prosperity Bank. He also worked as an assistant examiner with the Federal Reserve Bank of Dallas.
First State Bank of Uvalde has a unique history of ownership. In the first half of its existence, the majority share of the bank’s stock was held by U.S. Vice President John Nance “Cactus Jack” Garner and his family. In 1960, the late Dolph Briscoe Jr., former Texas governor, purchased controlling inter-est in the bank.
STARY
MARCH 5, 2018 | VOLUME 152, NUMBER 9 | W W W.BANKERSDIGES T.COM
PUBLISHED E VERY MONDAY E XCEP T THE FIF TH MONDAY OF THE MONTH
JOHNSTON
2 | Bankers Digest March 5, 2018
T E X A S Surko Joins Premier Bank Texas in GrapevinePremier Bank Texas recently announced the addition of ROBERT J. SURKO as vice president, senior treasury management
sales officer. He will lead the sales of the bank’s commercial treasury manage-ment products in the greater Dallas/Fort Worth markets. He also manages the other treasury management sales
officers in the Providence Bank footprint. Surko has more than 32 years of
experience in treasury management
and related financial technology. He graduated from Drury University with a bachelor of arts degree in business ad-ministration and economics. He also is a graduate of Inter American University in Saltillo, Mexico, with an AA in Spanish language.
Premier Bank Texas, a branch of Mis-souri-based Providence Bank, is located in Grapevine. In business for more than 129 years, the combined banks have 13 full-service banking centers serving cli-ents in Missouri and Illinois, along with the Texas location. Providence Bank is not affiliated in any way with Providence Bank of Texas in Southlake.
SURKO
E S T A B L I S H E D 1 9 4 2(USPS 041180)
Southwest banking news published every Monday except the fifth Monday of the month at 1700 Rio Grande St., Ste. 100
O K L A H O M A Quail Creek Bank Names Lutz Vice PresidentOklahoma City-based Quail Creek Bank NA Oklahoma City has hired DEREK LUTZ as a new addition to the company’s
treasury manage-ment services department, where he will be a vice president, accord-ing to an announce-ment by Doug Fuller, Quail Creek Bank’s president and CEO.
Prior to joining Quail Creek Bank, Lutz spent nine years with Bank of Oklahoma in various ca-pacities, including OKC cash operations
manager, OKC lockbox operations man-ager and commercial client services representative II in the treasury division. He also worked as vault manager for the Fire Lake Grand Casino in Shawnee prior to joining Bank of Oklahoma.
Lutz earned his BA degree in politi-cal science, with minors in business ad-ministration and math, from Oklahoma Baptist University. He also earned the Certified Treasury Professional designa-tion in 2012.
Quail Creek Bank NA was chartered in 1974 and has operated ever since as a full-service community bank in its origi-nal northwest Oklahoma City location.
LUTZ
T E X A S Stockmens National Bank Announces Gates as CEO and Leone as Senior Vice PresidentAs reported last June in Bankers Digest, John H. Northcut, chairman of the board of Stockmens National Bank in Cotulla announced that he is stepping down as CEO. JIM L. GATES has been named president and CEO of the bank.
In addition, J. FRANK LEONE has been promoted to Stock-mens National Bank’s senior vice president. Leone began his banking career in 2013, serving as a cashier at Stockmens National Bank, then as a loan and security officer.
LEONEGATES
Bankers Digest March 5, 2018 | 3
groups don’t like, banks don’t like and, frankly, regulators don’t like. OCC rat-ings and decisions related to CRA need to be based on the actual record of how a bank meets the act’s obligations and serves the needs of its communities. We won’t tolerate groups that do not
Continued on page 8
Five Questions: Comptroller Joseph Otting
IN NOVEMBER, JOSEPH OTTING WAS SWORN IN as the 31st comptroller of the currency. The Office of the Comptroller of the Currency (OCC) supervises nearly 1,400 national banks, federal savings associations and federal branches and
agencies of foreign banks operating in the United States to ensure that they operate in a safe and sound manner, provide fair access to financial services, treat customers fairly and comply with applicable laws and regulations. We had the opportunity to ask Otting five questions about his new position and the current state of financial services.
1. What are your general priorities as the 31st comptroller of the currency?As comptroller, my priorities are to ensure the safety and soundness of or federal banking system, promote jobs and economic opportunity by reducing unnecessary regulatory burden, enhance the value of the federal charter and en-sure that the OCC operates as effectively and efficiently as possible. We have a lot to do as a nation to focus on growth and opportunity. We need to do that in ways that keep the system safe and sound and treat customers fairly. We are already seeing the benefits of a changing tone in Washington and we’ll see more mean-ingful progress over the next year to 18 months as the regulatory leadership team is put in place.
2. What policies need revisiting?There are three policy areas that need work in the near term. First, the Bank Se-crecy Act. Banks and federal regulators are getting better at catching criminals who misuse the banking system. One of my priorities is to make the process as effective and efficient as possible. The laws and regulations around the Bank Secrecy Act and anti-money laundering are intended to protect our financial system from being misused for illegal purposes. But rather than serving that goal, our system has evolved into a se-ries of “gotchas” and other unhelpful ac-tivities. We need a fresh approach. The OCC is just one agency in the mix. It acts like an umpire in baseball, but the rules are written by other agencies. To fix the system we will need a collective effort that involves lawmakers, the Treasury Department, the Financial Crimes En-forcement Network and other regulators. Congress has begun to reexamine the act to determine what can be improved
and I am optimistic that we can make the system work better.
Second, we need to reexamine the Community Reinvestment Act (CRA). The
original intent of it was to encourage banks to lend in their communities. I am a big supporter of this goal and the community groups who provide services in their communities, but today we have an incredibly complex process that has lost its way. After 40 years, we have a CRA regime that consumer
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“WE HAVE A LOT TO DO AS A NATION TO FOCUS ON GROWTH AND OPPORTUNITY. WE ARE ALREADY SEEING THE BENEFITS OF A CHANGING TONE IN WASHINGTON AND WE’LL SEE MORE MEANINGFUL PROGRESS OVER THE NEXT YEAR TO 18 MONTHS AS THE REGULATORY LEADERSHIP TEAM IS PUT IN PLACE.”
4 | Bankers Digest March 5, 2018
T E X A S Broadway Bank Officers Ascend to New RolesIn February, San Antonio-based Broad-way Bank announced the promotions of three of its officers.
ANNA GARZA has been named vice president, talent development manager. A seven-year veteran of the bank, she
most recently served as learning and instructional design supervisor. She facilitates creative learning solutions to promote high-performing talent across the organization. Garza
holds a bachelor of arts degree in English and education from the University of Texas and a master of arts degree in Christian leadership from Dallas Baptist University.
ISABEL FLORES has been promoted to payroll, benefits and HRIS officer. She
has 33 years of experience in the human resources field, with 14 of those at Broadway Bank. Flores works closely with employ-ees and benefits providers to optimize the
opportunities for and enrollment of all Broadway Bank employees. She holds a human resources certification.
RODOLFO MALDONADO has been promoted to assistant vice president, marketing communications services
officer. With more than 10 years of marketing experi-ence, he drives retail banking brand management for and creates award-winning product marketing campaigns. He also
crafts the bank’s social media market-ing and Community Reinvestment Act strategies. Maldonado holds a bachelor of business administration in marketing from the University of Texas at San Antonio and is Google AdWords certified.
Broadway Bank was founded in 1941 and has evolved from a small neighborhood bank into one of the largest independently owned banks in Texas. Today, it continues to function as a privately owned and operated financial institution. With $3.6 billion in assets, the bank operates more than 35 financial centers in the San Antonio and Austin regions.
GARZA
FLORES
MALDONADO
T E X A S
First United Bank Announces Three PromotionsLubbock-based Plains Bancorp Inc., the holding company for First United Bank, recently announced these promotions:
ADAM WRIGHT has been promoted to assistant vice president for First United Bank. He has seven years of
experience in the financial industry, all of which have been with First United Bank, where he began his career as a credit analyst in 2011. Wright is a graduate of Texas A&M University with
a bachelor of science degree in agricul-ture and business.
ROBIN EVANS has been promoted to assistant vice president. She serves as the closing/funding manager for Spirit
Mortgage at the Lubbock Southwest Banking Center. Evans has 32 years of experience in the mortgage industry. She is a graduate of California Polytech-nic University with a bachelor of finance
in real estate law. STEPHANIE SCHUMACHER has been
promoted to assistant vice president. She serves as the bank’s credit analyst
manager at the Amarillo Colonies Banking Center. Schumacher has five years of experience in the financial industry, all of which have been with First United Bank. She is a
graduate of West Texas A&M University with a bachelor of science degree in agribusiness. Schumacher then earned her masters of science degree in agricultural economics from Oklahoma State University.
WRIGHT
EVANS
SCHUMACHER
L O U I S I A N A Origin Bank Hires Orlean as Market Relationship Banker in Houston RegionOrigin Bank announced recently that GREG R. ORLEAN has joined the compa-ny as a vice president, market relation-
ship banker for the bank’s Houston region. He has 13 years of experience in the banking industry, specializ-ing in commercial and industrial lending, owner-oc-cupied and invest-
ment real estate, equipment financing and working capital lines of credit. In
his new position at Origin Bank, he will focus on developing long-term business relationships primarily with small- to mid-sized privately owned companies, while growing loan and deposit oppor-tunities for the organization.
Orlean has a bachelor of science degree in marketing from the University of Phoenix.
Origin Bank has more than 40 bank-ing centers throughout Louisiana, Texas and Mississippi. It is a wholly owned subsidiary of Origin Bancorp Inc., a financial holding company with assets of more than $4 billion.
ORLEAN
Bankers Digest March 5, 2018 | 5
T E X A S TIB The Independent Bankers Bank Promotes Officers in the New YearTIB The Independent Bankers Bank NA announced officer promotions at the beginning of the new year:
GUY LOOKABAUGH has been promot-ed to first vice president. He joined TIB in 2014 and oversees all systems and projects for TIB’s card services division.
JJ WOOLSTON was also promoted to first vice president and has been with TIB since 1997. Woolston oversees TIB’s Georgia branch and its staff, while fulfilling a variety of compliance and project roles.
TAMARA CARTER was promoted to vice president. She joined TIB in 2015 and serves as HR generalist for the bank, assisting with a wide scope of human resources issues, such as recruitment, employee relations, com-pensation, training and performance management.
KIM NGUYEN was promoted to vice president. She joined TIB in 2014 and, as a member of TIB’s accounting depart-ment, is responsible for numerous vital financial reporting functions.
BARBIE REDD was promoted to vice president within the loan operations de-partment. Redd prepares and maintains
a number of key reports and reviews for the bank’s loan division.
ALLISON MURPHY was promoted to investment sales officer. She joined the bank in 2015 and serves a variety of critical support roles within TIB’s capital markets division.
AUSTIN SCHEETS was promoted to card services officer after having joined TIB just over a year ago. He is respon-sible for analyzing creditworthiness for TIB’s card division.
MATTHEW SHARP was also promot-ed to card Services officer. He joined the bank in 2015 and assists TIB’s card partner banks with growth initiatives for their respective programs.
BERNETRA THOMPSON was promot-ed to card services officer. She has been with the bank for 10 years and provides operational support to TIB’s credit, deb-it and pre-paid customer banks.
TIB The Independent Bankers Bank is the nation’s largest bankers’ bank, with $2.6 billion in assets and managing more than $40 billion in assets. TIB serves the correspondent banking needs of nearly 1,600 independent community banks in 48 states, plus Guam.
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L O U I S I A N A
Investar Bank Adds Krieger in New Orleans RegionBaton Rouge-based Investar Bank recently hired SCOTT KRIEGER as a commercial relationship manager and
vice president in the Greater New Orleans market. He has 23 years’ experience in banking, joining Investar from First American Bank and Trust Co. Krieger will be responsible for
growing and maintaining a commercial loan and deposit portfolio.
Krieger is a graduate of LSU in Baton Rouge with a bachelor’s degree in economics. He also earned his master’s degree in business administration from the University of New Orleans.
KRIEGER
O K L A H O M A Holly Joins Bank SNB’s Dallas Region as Vice President, Energy FinanceWith more than a decade of experience in the banking industry, ZACHARY HOLLY has joined Stillwater-based Bank SNB as
vice president, energy finance in the company’s Dallas market. In his new role, Holly will focus on providing senior debt financ-ing to middle-mar-ket upstream and midstream compa-
nies, with a focus on the Texas market. He will be responsible for overseeing, managing and growing commercial loans, and for soliciting and developing
new loan relationships in the energy realm.
Holly attended Texas Tech Univer-sity’s Rawls College of Business in Lub-bock, Texas, where he earned his bach-elor of business administration degree in finance. He is involved in a variety of industry organizations, including the Dallas Young Professionals in Energy and Dallas ADAM Energy Forum.
Founded in 1894, Bank SNB is a subsidiary bank for Simmons First National Corp., a publicly traded bank holding company headquartered in Pine Bluff, Arkansas. Bank SNB has locations throughout Oklahoma, Texas, Kansas and Colorado.
HOLLY
6 | Bankers Digest March 5, 2018
L O U I S I A N A Five Community Banks Unite as One with Pedestal Bank as the New BrandLOUISIANA COMMUNITY BANCORP announced in February that its five sub-sidiary banks have officially united and are now PEDESTAL BANK. The existing charters of the Louisiana-based banks—City Savings Bank, Coastal Commerce Bank, Kaplan State Bank, Teche Bank and Trust and Tri-Parish Bank—have combined into one charter with a new
bank name. The newly named Pedes-tal Bank is under the same ownership with same local management team and board of directors.
With approximately $1.2 billion in assets, Pedestal Bank becomes one of the 10 largest banks rooted in Louisiana. The bank’s expanded network will offer 24 locations serving 11 parishes.
S O U T H W E S T
FHLB Makes Grants Available to Homeowners in Declared Disaster AreasThe FEDERAL HOME LOAN BANK OF DALLAS (FHLB Dallas) announced in late February that it is making available $500,000 in grants through its member institutions. Its new Disaster Rebuild-ing Assistance program is designed to support households in FHLB Dallas’ member communities that have been declared disaster areas by the Federal Emergency Management Agency (FEMA).
“Large-scale disasters such as Hur-ricane Harvey can devastate a region with little or no notice,” says FHLB Dal-las President and CEO Sanjay K. Bhasin.
“With the creation of this program, we now have an additional vehicle through which our members can provide access to funding for their communities.”
Like all of FHLB Dallas’ grant pro-grams, the grants are available through member institutions. The program will provide homeowners, who are at or below 80 percent of the area median income, up to $10,000 for repair and construction costs not covered by insurance or federal or state emergency assistance. Homeowners receiving as-sistance must own homes within FHLB Dallas’ five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas, and those homes must be in a FEMA-designated major disaster decla-ration area.
Funds will be available beginning March 12. Counties or parishes de-clared as disasters areas and designat-ed for individual assistance by FEMA no earlier than March 12, 2017, are eligible. Visit fhlb.com/rebuilding for details and criteria.
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system. FHLB Dallas is a mem-ber-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approxi-mately 840 members and associated institutions in Arkansas, Louisiana, Mis-sissippi, New Mexico and Texas.
T E X A S Anahuac National Bank Opens Hardin BankHARDIN BANK, based in Harden, opened its doors in February. A branch of ANA-HUAC NATIONAL BANK, based in Anahuac, Hardin Bank is under the leadership of senior vice president Bob Allen, a Hardin resident and veteran banker with 10 years of service to Anahuac National Bank. Allen’s team includes branch man-ager Debbie Adams and tellers Kelsey Nelson and Roxana Molina.
“Our mission to remain locally owned and operated means that our bank’s deposits and loans will stay right here in Chambers County and not be export-ed or sold off to Houston, Beaumont or elsewhere,” says Ken Moore, Ana-huac National Bank’s president and CEO. According to its company press release, Anahuac National Bank is the
only locally owned and operated bank in Chambers county, with other banking locations in Anahuac, Mont Belvieu and Winnie.
Organized and chartered by local farmers, ranchers and businessmen in 1976, Anahuac National Bank is still the only national bank in Chambers County, but more remarkably, it is also the only locally owned and independently oper-ated bank in Chambers County. Each of the bank’s locations—Anahuac National Bank, Barbers Hill Bank, East Chambers County Bank and Hardin Bank—operate as an independent bank of their respec-tive community, staffed by personnel who reside within their specific locales. Anahuac National Bank has more than $115 million in total assets.
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Bankers Digest March 5, 2018 | 7
A R I Z O N A Stearns Bank Donates $108,000 to Help the Families of Wounded VeteransThis March marks 15 years since Wounded Warriors Family Support (WWFS) was founded to assist fami-lies of those who have been wounded, injured or killed during combat oper-ations. Thanks to a gift by Minneso-ta-based STEARNS BANK NA, which has locations in Arizona, WWFS is starting off this anniversary milestone in a strong way. Stearns Bank’s donation of $108,680 will be used to purchase vehicles for Native American veterans living on remote reservations.
“Our Native American veterans must travel great distances to reach a VA clinic for their health care,” says WWFS founder Colonel John Folsom, USMCR (Ret.). “Currently, they don’t have reli-able transportation and these vehicles will ensure they are able to receive the timely and consistent care they need.”
Stearns Bank generated the large contribution by donating all loan-pack-aging fees and documentation fees collected from borrowers during the week leading up to Veterans Day last November. The bank will continue its nationwide program of waiving 100 percent of packaging fees on SBA loans for eligible veteran business owners.
“We are proud to support…the many men and women who serve our country,” says Stearns Bank CEO Norman Skalicky, himself a veteran. He served on active duty in the U.S. Army from 1956 to 1958 and then served in the reserves for more than 15 years.
“We are very happy to begin our 15th year as a foundation with Stearns Bank by our side,” says Folsom.
Those interested in donating to WWFS can visit wwfs.org.
L O U I S I A N A
IberiaBank Announces Acquisition ApprovalsIn February, IBERIABANK CORP., the holding company of the 130-year-old IberiaBank, reported the receipt of all necessary regulatory and shareholder approvals to acquire GIBRALTAR PRIVATE BANK & TRUST CO. In October 2017, IberiaBank Corp. announced the signing of a definitive agreement to acquire by merger Gibraltar, based in Coral Gables, Florida. The application for merger was approved by the Louisiana Office of Financial Institutions, Federal Reserve Board and Gibraltar sharehold-ers in February. Upon expiration of the required waiting period, the company anticipates closing the Gibraltar acqui-sition on March 23 and plans on con-verting branch and operating systems associated with the acquisition over the weekend of March 23–25.
8 | Bankers Digest March 5, 2018
bankers have done a great job of taking on higher quality lending. Capital and liquidity are good. When we talk about challenges, credit quality is always a driver and we are seeing a pattern of weaker underwriting and additional risk accumulating at this point in the cycle. The worst loans are made in the best of times. We also have to look closely at cybersecurity, which is front of mind for bank executives and regulators.
We also need to watch the effect of rising interest rates on the balance sheets of these institutions after such a long period of historic interest rates.
5. What do you see as the path forward for community banking?
Small, local banks remain the heart of their communities and we need to ensure that they remain part of the broader banking landscape in the future. To do this, we need greater flex-ibility to tailor regulatory requirements for community banks that do not pose the same risks as their larger counter-parts. I think we’re seeing momentum in Washington to make meaningful prog-ress to reduce the regulatory burden on these banks.
One way to move forward is to return to a simpler capital structure for small banks. I’ve been a banker for more than 30 years and I need expert help to fully understand the require-ments from time to time. We should not put that kind of burden on smaller banks that do not pose a threat to our financial system.
We also need to be mindful of the burden of regulatory compliance on community banks and bring a more common sense approach to our assessment.
Aside from burdensome regulation, the community banks also need a clear-er path to take advantage of business opportunities. For instance, there are areas of small consumer lending in banking that should be thought through to allow banks to participate in that space. Banks have to understand the rules in the new technology en-vironment and they need to have the opportunity to use those rules to fill market needs.
Otting continued from page 3
provide services to these communities to disrupt the process and affect our decisions. Banks will have the indepen-dence to determine what groups and activities they choose to partner with and invest in, and we encourage banks to ensure those investments make a dif-ference in the communities they serve.
The third area is small-dollar lend-ing. The byproduct of current regula-
tion is that it’s very difficult to get a small-dollar loan at a bank, and most of this activity has been forced out of banking. My goal is to bring small-dollar loans back.
3. Do you consider the Community Reinvestment Act to be outdated?
CRA is 40 years old and after four decades we need to revisit whether we are still achieving our original goal of encouraging banks to meet the credit
needs of their communities. We need to simplify and expand what activities qualify for CRA credit, we have to stop holding banks and business develop-ment hostage through the CRA process and we need to modernize how we think about service areas. Today, it is much too easy for a bank to earn a satisfac-tory rating in this area and almost im-possible to earn an outstanding rating. Let’s fix that so that banks are encour-aged to help keep communities and
neighborhoods vibrant and get appro-priate credit for doing so. OCC ratings and decisions related to CRA need to be based on the actual record of how a bank meets its CRA obligations.
4. What do you see as the major challenges for banking in the months ahead?
The federal banking system is safe and sound today. The industry under-stands its risks better than ever, and
“WE NEED GREATER FLEXIBILITY TO TAILOR REGULATORY REQUIREMENTS FOR COMMUNITY BANKS THAT DO NOT POSE THE SAME RISKS AS THEIR LARGER
COUNTERPARTS. I THINK WE’RE SEEING MOMENTUM TO MAKE MEANINGFUL PROGRESS TO REDUCE THE REGULATORY BURDEN ON THESE BANKS.”
Bankers Digest March 5, 2018 | 9
The OCC reports that WOODFOREST NATIONAL BANK, based in The Woodlands, has applied to open a staffed branches at the following locations: 401 River Rd. in East Peoria, Illinois; 5401 Fairington Rd. in Lithonia, Georgia; 1735 S. Highway 27 in Carrollton, Georgia; 7001 Concourse Pkwy. in Douglasville, Georgia; 4001 Behrman Pl. in New Orleans, Louisiana; 2351 Century Dr. in West Mifflin, Pennsylvania; 900 Commerce Blvd. in Dickson City, Pennsylvania; 7400 Rivers Ave. in North Charleston, South Carolina; 605 Saint James Ave. in Goose Creek, South Carolina; 141 Dorman Centre Dr. in Spartanburg, South Carolina; 115 Rolling Hills Circle in Easley, South Carolina; 5556 Sunset Blvd., Lexington in South Carolina; 9 Benton Rd., Travelers Rest, South Carolina; 2801 E. Whitestone Blvd. in Cedar Park, Texas; 2721 Boca Chica Blvd. and at 2205 Ruben M. Torres Sr. Blvd. in Brownsville, Texas; and 1200 N. Main St. in Suffolk, Virginia.
The OCC reports that Columbus, Ohio-based JPMORGAN CHASE BANK, National Association has applied to open a staffed branch at the southeast corner of University Ave. and Glenna Goodacre Blvd. in Lubbock. The bank has also applied to open a staffed branch at the northwest corner of Nicholson St. and W. 19th St. in Houston.
The OCC reports that it has approved an application by COMMUNITY NATIONAL BANK & TRUST OF TEXAS, based in Corsicana, to open a staffed branch at 412 S. Commerce in Centerville.
The OCC reports that CITIZENS NATIONAL BANK OF TEXAS, based in Waxahachie, has applied to open a staffed branch at 2001 Bates Dr. in Waxahachie.
O K L A H O M A
Mergers and Acquisitions
The Office of the Comptroller of the Currency (OCC) reports that GREAT PLAINS NATIONAL BANK, based in Elk City, has applied to merge Enid-based LIBERTY FSB into a Great Plains National Bank.
Branches
The OCC reports that THE CITY NATIONAL BANK AND TRUST CO. OF LAWTON has opened a drive-through branch at 7050 S. Yale Ave. in Tulsa.
L O U I S I A N A
Branches
The OCC reports that WOODFOREST NATIONAL BANK, based in The Woodlands, Texas, has applied to open a staffed branch at 4001 Behrman Pl. in New Orleans.
T E X A S
Branches
The Texas Department of Banking reports that it has approved an application Houston-based LONE STAR BANK, based in Houston, to open a branch at 310 Main St. in Sealy.
The Texas Department of Banking reports that Dallas-based VERITEX COMMUNITY BANK has applied to open a branch at 1001 Main St. in Garland.
The Texas Department of Banking reports that Boerne-based TEXAS HERITAGE BANK has applied to open a mobile branch to service Morningside Ministries at Menger Springs, a retirement village at 1000 Grand Blvd. in Boerne.
The Texas Department of Banking reports that Burkburnett-based FIRST BANK has applied to open a branch at 4400 Main St. in Frisco.
The Texas Department of Banking reports that Dallas-based COMERICA BANK has relocated a branch from 201 W. Fort St. to 645 Griswold St., both in Detroit, Michigan.
S E N D U S Y O U R B A N K I N G N E W S !Bankers Digest thrives on reporting all the news about banking in the
Southwest. If your company has hired new professionals, promoted
colleagues from within or has any news to share with the Southwest
banking community, we’ll give your bank the coverage it deserves.
CHIEF OPERATING/FINANCIAL OFFICER NEEDED for succession purposes for American Exchange Bank, Henryetta, Oklahoma. Qualified applicant will have experience in managing the operations of a bank. The ability to prepare a call report a plus, but can train. Knowledge of the structure pertaining to managing the general ledger will be required. Salary commensurate with qualifications. Please send reply in confidence by sending résumé and salary requirements to [email protected].
COMPLIANCE OFFICER WANTED for $750M east Texas bank to develop, implement and administer the bank’s compliance management system. Please contact Charles Hassell at 903/683-2277 or send résumé to [email protected].
SECURITY STATE BANK & TRUST, an independent community bank, is seeking an experienced loan officer for a branch located in Bee Cave, Texas. Candidate will have knowledge in all aspects of lending, with primary focus on consumer and commercial real estate lending. Duties will
include servicing existing loan portfolio, generating new business and being involved in local community activities. Minimum requirements include a business degree, prior lending experience and strong financial analytical skills. Salary is commensurate with qualifications. Submit résumé to Joe David Sherrod, senior vice president/branch manager at [email protected]. An equal opportunity employer.
LOAN OFFICER First Texas Bank is seeking a loan officer for our Belton, Texas, branch. Requires three to five years banking with commercial and consumer lending. Send résumés to [email protected].
LOAN OPERATIONS MANAGER POSITION AVAILABLE FOR LARGE 111 YEAR OLD SOUTHWEST TEXAS LEGACY BANK: Applicant will manage overall loan operations management. To include oversight of consumer, commercial/ag and real estate loans along with department staff. Be proficient in all loan documentation preparation, processing and servicing, accounting and reporting functions, and customer service. Successful candidate will be
responsible for training as well as the implementation and administration of systems and procedures to ensure accurate and timely processing. For those seeking this unique career opportunity with excellent benefits, please send confidential résumé to [email protected], or call Greg Visel at 830/278-6231. An equal opportunity employer.
TRAINING DIRECTOR: Security State Bank & Trust, located in Fredericksburg, Texas, is seeking an experienced training director to develop, initiate and foster a training program. Prior training experience or advanced education is required. Visit www.ssbtexas for complete job posting. Send résumés to [email protected]. An equal opportunity employer.
MORTGAGE LOAN PROCESSOR: Wise County, Texas, bank is seeking a real estate mortgage processor. Minimum of two years current mortgage origination experience. This individual will need to be able to take a loan from the point of application to close. Working knowledge of TRID and ability to prepare and review all loan documentation pertaining to consumer real estate loans. Salary commensurate with qualifications. Please send résumé to P.O. Box 1478, Bridgeport, Texas 76426, or email to [email protected].
BRANCH PRESIDENT/LENDER: New branch opening in the summer of 2018 needs a branch president/lender in Springtown, Texas. Real estate and commercial lending experience is a must. Salary commensurate with qualifications. Please send résumé to P.O. Box 1478, Bridgeport, Texas 76426, or email to [email protected].
COMMUNITY BANK PRESIDENT, TEXAS: Position available for succession purposes needing stable candidates with lending management success. Leave the big-city hectic lifestyle. For details, visit our website www.lonestarsearch.net. Mark Mitchell, Lone Star Search, 972/335-9009.
The Southwest's Oldest Bank Staffing Firm Since 1952
Bankers Digest March 5, 2018 | 11
COMPLIANCE MANAGER, DALLAS: Must have MSB, commercial, consumer and mortgage compliance experience. Must have knowledge of all banking regulations. Please call or send résumé to [email protected] 214/515-7606.
PRESIDENT: Community bank just outside the Dallas/Fort Worth is area looking for a president or senior banker with 10+ years experience in all aspects of operating a retail bank. Work with the current president during transition. Send résumé to [email protected] or call Anthony Potenti 214/515-7609.
FIRST TEXAS BANK IS SEEKING A LOAN OFFICER for our Pflugerville location. Position manages a portfolio of loan and depository accounts, prospects new customers and cross sells banking services. Previous real estate and commercial lending experience preferred. Email résumé and salary requirements to Human Resources at [email protected]. First Texas Bank is an equal opportunity/affirmative action employer.
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T E X A S TFNB Expands Charity Champions, Hires Smith to Head Community OutreachMcGregor-based TFNB YOUR BANK FOR LIFE announced recently that DALE SMITH has been hired to take its popular
nonprofit program, Charity Champions, to the next level. He comes to TFNB after 19 years at Campus Crusaders for Christ where he worked on several leadership teams, including the Jesus Film Project.
He also practiced law for 15 years in
Louisiana and served as a Louisiana state representative.
To celebrate TFNB Your Bank for Life’s 125th anniversary in 2014, the bank launched Charity Champions to honor charitable organizations in cen-tral Texas. In the four years since the program launched, TFNB has received hundreds of nominations for nonprofits to be considered. Today, 24 central Texas nonprofit organizations have been selected. Each organization receives ongoing marketing support, includ-ing on-field presentations at a Baylor
football and basketball home games, TV and social media marketing. Winners also receive ongoing leadership devel-opment training by 360 Solutions.
“Nonprofit groups are the first responders in meeting the needs of the marginalized people in our communi-ties,” Smith says. “TFNB Charity Cham-pions is committed to helping them succeed in serving those they are called to serve, and my team will do this by sparking creative engagement between the nonprofits, donors, volunteers and marginalized.”
SMITH
1700 RIO GRANDE ST., STE. 100AUSTIN, TEXAS 78701
(USPS 041180)
P E R I O D I C A L
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