bridges succeeds vizard as president, sing is …february 15, 2016 volume 148, no. 7 bridges...

Capital One Bank recently announced that Tiffany Cason has joined as

Fort Worth mar-ket president and SVP in charge of middle market commercial bank-ing for Fort Worth, said Kent Eastman, Capital One Bank’s TX president and head of middle

market commercial banking for TX.

Bank of Commerce, Duncan, OK, pro-moted Alan Sing to president effec-

tive February 1. He previ-ously served as executive vice president and is a mem-ber of the bank’s board of directors. Sing re-places Lynn Vaughn who remains as

vice chairman. Joe Morris continues as chairman/CEO of the bank and its holding company. Sing joined Bank of Commerce in 2012 and was appointed executive vice president of commercial lending. He has 35 years of banking experience in commercial and executive lending. Sing holds a BS degree in organiza-tional management from John Brown University in Siloam Springs, AR, and a graduate banking degree from the Graduate School of Banking of the South at LSU. Bank of Commerce reported, as of September 30, 2015, total assets of $290 million and total deposits of $239 million. The bank operates five locations: three in Caddo County (acquired thru merger with Anadarko Bank & Trust Co.): two in Anadarko and one in Carnegie; and one each in Chickasha and Duncan Q

Volume 148, No. 7February 15, 2016 www.bankersdigest.com

Bridges Succeeds Vizard as President, Cross Keys Bank, St. Joseph, Louisiana

Cason

Sing Is President, Bank of Commerce

Sing

Yes, Banks Have Tangible InventoryFeature..............................................3

In This Issue...

Published weekly on Mondays except fifth Mondays

Bridges Vizard

Cross Keys Bank, St. Joseph, LA, an-nounced recently that EVP/Chief

Credit Officer Shane Bridg-es has been appointed the ninth presi-dent to serve in the bank’s 114-year his-tory. Chair-man/CEO Mi-chael Vizard made the an-nouncement. With the

appointment of Bridges as president, the position of CEO and president has been separated. Vizard served as president/CEO from 2005-2015. He was also named vice chairman of the bank’s holding company, BSJ Banc-shares Inc. Rebecca Vizard has been elected chairman and Ben Watson will continue to serve as president of the holding company. Bridges joined Cross Keys Bank

in 2002 as senior vice president to serve as a commercial loan officer and

s u p e r v i s e d the Rayville and Tallulah branches, as well as the i n v e s t m e n t and mortgage departments. In 2009, he was promoted to EVP/chief credit officer and joined the bank’s board

of directors. Bridges, originally from Richland Parish, is a 1992 cum laude graduate of ULM with a BBA degree in finance and commercial banking. He is also a 1998 graduate of the Graduate School of Banking at LSU. Bridges currently serves his community on the 2016 United Way Community Investment Committee and the Nova Advisory Council Q

Cason has 15 years of banking ex-perience – all in Fort Worth and Dal-las. She most recently served as SVP and commercial banking manager for BBVA Compass in Fort Worth. Prior to that, she served in leadership posi-tions for Wachovia Bank and KBK Fi-nancial. Capital One Bank operates more than 170 branches in TX, including 11 in Tarrant County, and is the ninth-largest bank in the state based on de-posits Q

Cason to Lead Capital One Fort Worth as Market President, SVP for Middle Market

BANKERS DIGEST February 15, 2016

of Houston and an MBA degree from Houston Baptist University. She also holds Series 6, 63, and 65 Securities Licenses and is a certified treasury

professional is-sued by the Asso-ciation for Finan-cial Professionals. Pruden has 45 years of experi-ence in the fi-nancial services industry in com-mercial, private, trust, and real estate banking in

senior and executive management positions. He holds a BBA degree from TCU and an MBA degree from Northwestern University Q

Brown has been named senior trea-sury sales consultant at the Houston

Medical Center lo-cation (7515 Main St., Ste. 100). She has over 30 years of experience and most recently was a senior global sales manager at one of the world’s largest banking and financial ser-

vices organizations that serves 48 mil-lion customers in 72 countries. She holds a certified treasury professional degree issued by the Association of Fi-nancial Professionals.

Fuller has been named commer-cial relationship banker at the LPO (520 Post Oak Blvd., Ste. 700). He has 39 years of experience in the financial services industry. Most re-cently, he served as senior vice presi-

dent, commercial real estate at a lead-ing U.S. banking franchise with opera-tions throughout the Sunbelt region. He received a BBA degree in finance from The University of Texas at Austin.

Raglin and Pruden have been named commer-cial relationship bankers at the River Oaks Branch (1971 W. Gray St.), reporting to com-mercial banking manager Randy Gartz.

Raglin has held various positions within the financial services industry over the past 12 years, specializing in a range of disciplines including treasury management, wealth management, consumer banking, and commercial lending and banking services. She holds a BBA degree from the University

Mitchell Brickley, Kay Brown, Todd Fuller, Liela Raglin, and Terry

Pruden have all recently joined Mutual of Oma-ha Bank’s com-mercial banking group in Houston, Market President Mike Turner an-nounced. Brickley has been named com-

mercial relationship banker. He is a veteran salesperson with more than 12 years of experience. Prior to joining MOB, he served as a vice president, business bank officer at a leading U.S. banking franchise with operations throughout the Sunbelt region. He re-ceived a BS degree in marketing from the University of New Orleans and a commercial credit certificate from the University of Houston.

P E O P L E TEXAS

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POSTMASTER: Send address changes to Bankers Digest®, P.O. Box 743006, Dallas,

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In This Issue...

Yes, Banks Have Tangible Inventory Feature..............................................3

Newswatch....................................7,8

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

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

FASB Loan Loss Proposal ..........12

Brickley, Brown, Fuller, Raglin, and Pruden Join Mutual of Omaha Bank in Houston

Brickley Brown

Fuller

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RaglinFor the online version, go towww.texasredbookonline.com

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February 15, 2016 BANKERS DIGEST

F E A T U R E

ByBrian Gordon, CPA, CFE

Managing ConsultantBKD, LLP

www.bkd.comSpringfield, Missouri

INTERNAL CONTROLSYes, Banks Have

Tangible Inventory

(continued on Page 8)

There are plenty of regulations and risk areas for banks. However, banks often over-look the fact that they do have tan-gible inventory: vault cash. Since this can be a low-er-risk area, some

banks have few internal controls over the cash process or don’t enforce the controls already in place. The follow-ing examples show how having and enforcing internal controls can reduce opportunities for embezzlement.

Example 1: Theft of $400,000 by Head Teller

At one bank, the head teller capital-ized on the trust she had earned with other employees and lack of due dili-gence by the internal audit function, in addition to lack of oversight re-garding composition of currency and coin in daily vault sheets. She also was the primary person responsible for the vault cash counts. In addition, the head teller had sole access to the vault at several points throughout the day. Over several years, the head teller obtained more than $400,000. Even though another teller would accom-pany the head teller into the vault for currency counts, the head teller would conduct the actual “count” while the other teller checked amounts against a printed Excel spreadsheet—with-out doing a second count and without counting coin. In addition, the internal auditor conducted counts of currency in the vault but didn’t compare those counts to daily vault count sheets, which didn’t match the internal audi-tor’s count. Had another teller or the internal auditor noted the amount of

coin listed on the daily vault count sheets, he or she likely would have questioned the amount of quarters re-ported, compared to that in the vault. At one point, the daily vault count sheet showed more than $220,000 in quarters, which equated to more than 22,000 rolls of quarters—more than 5 tons—in the vault. According to bank management, this amount was unrea-sonable for a bank of this size. The full count of the vault revealed a shortage of approximately $400,000. Subsequent investigation determined denominations of hundreds and twen-ties were taken from the vault; the coin amounts were significantly inflated to conceal the scheme.

Example 2: Theft of Nearly $2 Million by Head Teller

At another bank, the head teller was able to capitalize on other employees’ trust and lax vault controls. Again, she was the primary person respon-sible for vault cash counts and had sole access many times throughout

the course of business, even though policy dictated dual entry. Over 17 years, the head teller stole nearly $2 million. As in the previous example, when conducting a vault cash count, the head teller would read the amounts from the tags on large currency bags and another teller would record the amounts. When the bank had a profitability audit per-formed, it determined there was too much cash in the vault and scheduled a full count of the vault by manage-ment. On the day of the count, the head teller did not show up, and the bank conducted a true count of vault cash. The bank subsequently found the money bags had amounts written on the tags but were stuffed only with other empty money bags, containing no currency or coin. The head teller subsequently ad-mitted to taking the cash. To accom-plish this, she would access the vault for large amounts of cash (as much as $90,000 at a time) and put it in her teller drawer area, which was right

Gordon

Bankers DigestTIB 1/3 pg ad2016


Brent M. Farley has joined San Anto-nio law firm Kennedy Sutherland LLP

as an associate and will work out of the firm’s Aus-tin office at 1717 W. 6th St., Ste. 441. Farley will pro-vide practical guidance on regu-latory, compli-ance, corporate, and transactional

matters for financial institutions. He advises banks on a wide range of is-sues such as bank operations, includ-ing lending, deposit taking, and new products and services. Prior to joining Kennedy Suther-land, Farley served as legal counsel for Temple-based Extraco Banks, N. A. He holds a BSBA degree from Utah State University and JD degree from Baylor Law School Q

loan closing coordinator I. She is re-sponsible for coordination of lot loan,

mortgage, one-time construc-tion, modification closings, funding loans, and order-ing appraisals. Daniel Marin moves to assis-tant vice presi-dent, portfolio manager in the

commercial real estate department. He started his career at Broadway in 2013 as a portfolio manager I. Prior to joining the bank, Marin served five years with a real estate corporation coordinating teams in NY, TX, and Latin America through underwriting and acquisition of projects in Mexi-co, Chile, Brazil ,and Peru. He holds a BBA degree in finance from Texas A&M University. He volunteers with the Broadway Bank Care Corps. Matt Mathias joins Broadway as

senior vice presi-dent, business banker in the commercial bank-ing division. Orig-inally from the TX Panhandle, he has worked in the financial services industry since earning a BBA

degree in marketing from West Texas A&M University in 2000. For the last 13 years, he has lived in San Antonio and the TX Hill Country serving those communities through involvement in various charitable organizations and as a business banker with other finan-cial institutions Q

Broadway Bank in San Antonio has re-ported promotions and a new officer.

Mauricio Car-vajal, MCTS, VCA-DCV, has been promoted to assistant vice president, senior systems engineer in the informa-tion technology department. He joined Broadway

Bank in 2010 and has 20 years of ex-perience in the information technol-ogy field mainly focused on Microsoft server administration and SQL data-base administration. Carvajal earned a BS degree in electronics and tele-communications engineering from the Technological Institute of Higher Studies of Monterrey (ITESM) in Que-retaro, Mexico. Audra A. Koch has been promoted to assistant vice president, real estate and construction loan closing coordi-

nator II in the loan suppport depart-ment in the opera-tions and technol-ogy division. Koch began her career with Broadway in 2008 in the con-sumer underwrit-ing department as a compliance

analyst I and most recently was in the position of real estate & construction

P E O P L E TEXAS

Broadway Bank Names Carvajal, Kock, and Marin Assistant Vice Presidents, Mathias SVP/Business Banker

Carvajal

Koch

Marin

Mathias

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Farley Joins Kennedy Sutherland Law in Austin

Farley

Rodman Named Banking Officer, ABC Bank in AustinBo Rodman has recently joined American Bank of Commerce in Aus-tin as a business banker/banking of-ficer. He previously served more than two years at Round Rock’s RBank Tex-as as a commercial credit analyst and business development officer. He be-gan his banking career at RBank Texas. Rodman holds a BS degree in ag-ricultural economics from Texas A&M University Q

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Charles Lliff has joined Oklahoma City-based MidFirst Bank as a first

vice president and commercial lend-er in Tulsa. Lliff is a 13-year banker, who has served 10 years as a com-mercial banker in the Tulsa market with BancFirst. He began his banking

career at Rose Rock Bank (now Inter-Bank) in Oklahoma City as a commer-cial credit analyst. He earned both BS and MS degrees from the University of Oklahoma Q

Arvest Bank has promoted Don Gable to executive vice president and loan

manager in Del City at the 4600 SE 29th St. location. Gable is an executive vice president and pre-viously was com-mercial division manager for north Oklahoma City and Edmond. He

has served at Arvest Bank for 30 years, including serving as community bank president in Stillwater. During his career he has been ac-tive in civic and community affairs in Stillwater and Edmond. He holds a BA degree in econom-ics from Oklahoma State University. He also graduated from the Graduate School of Banking at LSU and the ABA National Commercial Lending Gradu-ate School at the University of Okla-homa Q

P E O P L E OKLAHOMA

Gable

Lliff Named First VP, MidFirst Bank in Tulsa

Lliff

Retired Henryetta bank executive Donald Wells died on January 30 af-ter a courageous fight with cancer. He was 61. Wells was born on June 22, 1954, in Odessa, TX. His family moved to Henryetta when Wells was a teenager. He went on to graduate from the Uni-versity of Oklahoma with a degree in finance. Wells began his banking career in 1976 when he joined American Ex-change Bank. He briefly left the bank to work in his father’s oil business and returned in 1985. He was later elected to the bank’s board of directors, taking his father’s board seat. Wells continut-ed to serve at the bank and retired as president/CEO of American Exchange Bank in Henryetta in May 2014, after holding the position since 1999. He remained as chairman of the board of directors of the bank, which has had a Wells family affiliation since inception in 1933. He served the OK community bank-ing industry as a member of the Com-munity Bankers Association of Okla-homa board of directors. Wells is survived by many family members, including two sisters and a brother Q

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Gable Promoted to Loan Manager, Arvest

Retired Henryetta Banker Donald Wells Dies at Age 61

ARIZONA

Thelander Is Manager,Bank of America

Maynard Promoted to SVP, Alliance in Phoenix

Bank of America (BOA) in Phoenix has promoted Vince Thelander to senior vice president and business bank-ing manager for the desert mountain states, which includes AZ, NM, and West TX. Thelander previously served as se-nior vice president and senior client manager at BOA and has served at the bank for 20 years. He holds a BS degree from Arizona State University. He has been active in community affairs and currently serves as a board member for Arizona Town Hall and Metro Phoenix Export Alliance Q

Alliance Bank of Arizona, Phoenix, has promoted Kate Maynard to senior vice president and treasury manage-ment sales manager. She has served at Alliance Bank for six years in treasury management sales and was promoted to vice president and treasury man-agement sales manager in 2013. Maynard attended the University of Alabama Q

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Century Bank in Santa Fe has reported Marita DeVargas has recently joined

as vice president and mortgage lender. DeVargas has served in the fi-nancial and real estate services in-dustries for more than 25 years. She most recent-ly served as vice

president and mortgage loan origina-tor at First National Santa Fe, where she served for eight years. She holds a New Mexico contractor’s license and is active with the Women’s Council of Realtors and the National Association of Professional Women Q

Warren Bank & Trust Company wel-comes Neeley Vance as vice presi-

dent and West Branch manager and loan officer. Neeley goes to Warren Bank with 15 years of bank-ing experience. She holds a degree in business ad-ministration from Mississippi Delta

Community College in Jackson and is a 2014 graduate from the University of Mississippi School of Banking. In ad-dition, she has been an active member of Junior Auxiliary, Rotary, and served on a Chamber of Commerce board as secretary for several years. Neeley was born and raised in South AR. She left the state to pursue her education and to begin her bank-ing career. She most recently served in Ruleville, MS, at Southern Bancorp. During her tenure at Southern Ban-corp, she served in branch manage-ment and as a loan officer. Neeley began working at Warren Bank & Trust Company at the begin-ning of January 2016 Q

P E O P L E

Vance

Warren Bank & Trust Taps Vance VP/Manager & Lender

ARKANSAS NEW MEXICO

DeVargas

DeVargas Joins Century in Santa Fe as VP/Mortgage

REGULATORS

Dennis Lockhart, president/CEO of the Atlanta Fed, announced recent pro-motions. Jeff Devine has been named a senior vice president in the retail payments office (RPO); Dan Baum, vice president in the RPO; Evette Jones and Ken Wilcox vice presidents in the operations and administrative services division (OAS); and Reginald Chever assistant vice president in the district business continuity and re-cords and information management departments. Devine joined the New Orleans branch in 1985, transferred to Atlanta in 2002 as an AVP over district finan-cial sales before transferring to the Federal Reserve Bank of Chicago in 2007 as a VP in the customer relations and support office. He returned to the Atlanta Fed in 2010 as a VP in OAS. Baum began working as a check processing supervisor in 1996 for the Richmond Fed and transferred to At-lanta in 2005 as a director in the RPO product development group. Since 2012, he has served as an AVP leading the product development group with revenue responsibility for the check and ACH product lines. Jones joined the New Orleans Branch in 1987 and became AVP for the branch payment services check operations in 2000. She joined the Atlanta office in 2005 in check opera-tions before becoming AVP of cash operations in 2007. She also served as the interim branch manager in New Orleans for more than a year. Wilcox joined the Jacksonville Branch in 1991 and transferred to the Atlanta office in 2006, responsible for reconcilement, settlement, and district technical operations and was promoted to AVP shortly afterward. He assumed responsibility for the Atlanta law enforcement department in 2009 and for the facilities building operations and district business con-tinuity functions in 2010. Chever joined the Jacksonville Branch in 1997, transferred to the Atlanta of-fice in 2004, joined the business con-tinuity department in 2007, and was promoted to director in 2012 Q

Atlanta Fed Names Devine SVP, Promotes Four Others


Access Bancorp Inc. and its subsidiary, AccessBank Texas (“AccessBank”),

both of Denton, have announced the signing of a definitive agree-ment to acquire D a l l a s - b a s e d Preston National Bank. AccessBank Chairman of the Board, Gayle M. Earls announced

the agreement. Preston National Bank (“PNB”), es-tablished in 1985, operates from its headquarters at 5644 LBJ Fwy. in North Dallas. As of December 31, 2015, PNB had total assets of $64.1 million and total deposits of $54.4 million. Earls strongly agrees with Bonnie Harvey, PNB’s chairman of the board, and Douglas Hester, PNB’s presi-dent/CEO, that “this is a good match

N E W S W A T C H TEXAS

Earls

Access Bancorp Inc., Denton, to Acquire North Dallas’ Preston National Bank to Expand Into Dallas Market

for our customers and employees be-cause we share the same approach to community-minded banking, making this transition seamless.” AccessBank President/CEO Cleve Breedlove emphasized that “custom-ers will continue to experience profes-sional community service along with strong technological services for their personal and commercial banking needs.” AccessBank was established in Oc-tober 2007 as a de novo. The bank oper-ates from its headquarters at 320 W. Eagle Dr., Ste. 100, in Denton. As of December 31, 2015, AccessBank had total assets of $194.8 million, total deposits of $169.6 million, and total capital of $24.3 million. The terms of the transaction were undisclosed. The transaction is ex-pected to close during the second quarter of 2016, subject to necessary approvals from regulatory agencies Q

Simmons First National Set To Become Simmons Bank

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Recently, business publication Arkan-sas Business reported on the trend of na-tional banks converting to state bank charters (www.arkansasbusiness.com). Lit-tle did they know at the time the story made headlines that Simmons First National Bank of Pine Bluff, the larg-est national bank chartered in AR, had filed a conversion application with the Arkansas State Bank Department. The application is pending, but Bank Commissioner Candace Franks told the publication that she couldn’t remember a conversion being turned down in the 36 years she’s worked for the department. When it is approved, Simmons First National Bank will become Simmons Bank, a brand name that Simmons has been using for a while. Meanwhile, another bank conver-stion has occurred: First National Bank of McGehee is now First Natural-State Bank Q


N E W S W A T C HFRAUD PROVENTION

CHARTER UPDATE (continued from Page 9)

BANKING has received an applica-tion by Jourdanton State Bank, Jour-danton, for a merger into First Com-mercial Bank, N. A., Seguin. The TXDB has received a notice for a P&A out by Northstar Bank of Texas, Denton, involving a branch at 12128 Ranch Rd. 620 N., Austin, to be acquired by Citizens National Bank, Cameron Q

above where she kept her purse. As in Example 1, her teller tape/journal showed significant amounts of coin recorded, such as more than $100,000 in quarters or half-dollars, on nu-merous occasions. In addition, she indicated the cash bags were, to her knowledge, never opened or counted by any regulator or bank employee.

Inventory Security

In both examples, some controls and measures were in place—at least on paper—to prevent the schemes, but they weren’t enforced. In many other cases, internal controls weren’t in place at all. Here are some options to implement and mitigate potential embezzlement:

* Dual control procedures over the vault—two tellers access the vault each time activity must be conducted in the vault* Access log for those accessing the vault* Surveillance cameras around the vault entrance and inside the vault* Unannounced cash counts by bank personnel other than those typically accessing the vault* Bank bags opened and cash unbun-dled for each count* Including coin in vault cash counts* Comparing surprise or audit counts with daily vault records* Periodic review of daily vault cash count sheets, looking for unusual items such as large amounts of par-ticular coin* Involving more than one person in flow of currency in and through the bank* Compliance checks to ensure poli-cies are being followed! Q

INVENTORY (continued from Page 3)

Nation’s Banks Stop $11 Billion in Fraud Attempts in 2014

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Davis Kinard Knowlege Ma 14 4C.pdf 1 7/28/14 11:53 AM

The nation’s banks stopped more than $8 out of every $10 of attempted de-posit account fraud in 2014, according to the 2015 American Bankers Associ-ation Deposit Account Fraud Survey Report released on January 27 (www.aba.com). While attempted fraud against bank deposit accounts reached $13 billion, banks’ prevention measures stopped $11 billion in fraudulent transactions. Fraud against bank deposit accounts cost the industry $1.9 billion in losses an increase from $1.7 billion in 2012. “Banks’ sophisticated fraud preven-tion systems and customer vigilance successfully stopped 85 percent of fraud attempts in 2014,” said Doug Johnson, SVP, payments and cyber-security policy at ABA. “We saw an increase in fraud losses in 2014 most likely due to the number of large-scale retailer data breaches, which resulted in a significant increase in attempted debit card fraud.” Debit card fraud accounted for 66% of industry loss, followed by check fraud at 32%, and online banking and electronic transactions such as wire and ACH at 2%, according to the re-port. The leading types of debit fraud were counterfeit cards, card-not-pres-ent transactions, and lost or stolen cards. The most common check fraud

categories were counterfeit checks and return deposited items. Online banking saw a significant drop in losses in 2014 while attempted online fraud increased. The survey found that the proportion of active online banking customers affected by fraud remained low – fewer than one in 1,000. “Banks recognize that many cus-tomers are moving online to perform banking transactions and have invest-ed billions of dollars to create very effective online fraud prevention sys-tems that include features like multi-factor authentication and monitoring IP addresses,” said Johnson. ABA has been tracking deposit ac-count fraud since 1993. “Trends over the past 20 years show that no pay-ment instrument is risk free,” said Jane Yao, SVP of benchmarking and surveys at ABA. “Our customers enjoy new products that make banking faster and more convenient, but fraudsters have their eyes on them, too. It’s important that banks and technology compa-nies balance convenience with risks and vulnerabilities when creating new products and services.” The ABA survey was conducted be-tween May and August 2015. The sur-vey report is based on responses from 101 banks of all sizes Q

F E A T U R E


R E G U L A T O R S

C h a r t e r

a c t i v i t y

(continued on Page 8)

ArkansasCHARTERS The ARKANSAS STATE BANK DE-PARTMENT has approved an applica-tion by The First National Bank of Mc-Gehee, McGehee, for conversion to a state bank charter to be known as First NaturalState Bank. The ARSBD has filed an application by Simmons First National Bank, Pine Bluff, for conversion to a state bank charter to be known as Simmons Bank. BRANCHES The ARSBD has approved an ap-plication by Centennial Bank, Conway, for a branch at 12 E. 49th St., 28th FL, New York, NY. The ARSBD has filed an applica-tion by Arvest Bank, Fayetteville, for a branch relocation from 210 Park Ave., Ste. 200, to 115 Park Ave., Oklahoma City, OK.MERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF ST. LOUIS has received an ap-plication by First Security Bancorp, Searcy, to increase its ownership in CrossFirst Holdings LLC, Leawood, KS, from 9.90% to 10.91% through the purchase of up to 160,607 additional common member units, and there-by increase its interest in CrossFirst Bank, Leawood, KS. The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has ap-proved an application by Simmons First National Bank, Pine Bluff, for an af-filiate merger involving Simmons First Trust Company, N. A., Pine Bluff, and Trust Company of The Ozarks, Spring-field, MO, with the resultant Simmons First National Bank, Pine Bluff.LouisianaBRANCHES The OFFICE OF FINANCIAL INSTI-TUTIONS has approved an applica-tion by Origin Bank, Choudrant, for a branch relocation from 617 E. Madison Ave. to 1927 E. Madison Ave., Bastrop. The OFI has reported that an ap-plication by First NBC Bank, New Or-leans, for a branch at Tract B-3, 1200 Block of Saint Charles St., Houma, has opened at 1241 Saint Charles St.,

Houma.New MexicoBRANCHES The OCC has received an applica-tion by Los Alamos National Bank, Los Alamos, for a branch relcation from 6700 Jefferson NE, Ste. D-1, to 7445 Pan American Fwy., NE, Albu-querque.OklahomaBRANCHES The OCC has received applications by BOKF, N. A., Tulsa, for branch re-locations: from 1100 E. Kenosha St. to 1520 N. 9th St., Broken Arrow; and from 2550 Mount Williams Dr. to 1644 24th Ave. NW, Ste. 104, Norman.TexasBRANCHES The OCC has approved an applica-tion by Communitybank of Texas, N.

A., Beaumont, for a branch relocation from 1415 Louisiana, Ste. 400, to Nine Greenway Plaza, Ste. 110, Houston. The OCC has received an applica-tion by Inter National Bank, McAllen, for a branch at 4819 San Dario Ave., Laredo. The OCC has received an applica-tion by Wells Fargo Bank, N. A., Sioux Falls, SD, for a branch relocation from 660 N. Central Expy., Plano, to 1405 E. Renner Rd., Ste. 410, Richardson.MERGERS AND ACQUISITIONS The OCC has approved an appli-cation by Citizens National Bank, Cameron, for a non-affiliate P&A of a branch of NorthStar Bank of Texas, Denton, at 12128 Ranch Rd. 620 N., Austin. The TEXAS DEPARTMENT OF

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DALLAS – SR. COMMERCIAL LEND-ER… Head LPO. Excellent career opportunity with one of Texas’ fast-est growing banks. Typical loans $2-20 MM (Lower middle market). C&I, O-O, CRE. Kevin Maynes, Babich & Associates, [email protected] 214-515-7606. Thank you.

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COMMERCIAL LENDING OFFICER:Large independent financial insti-tution has an immediate full-time opening for a Commercial Lend-ing Officer in Victoria, Texas. Po-sition requires at least 10 years experience in commercial lending with extensive knowledge of com-mercial lending regulations and procedures. College degree in fi-nance, accounting, or related field is required. Prior management and leadership experience a plus. Indi-vidual must possess strong business development skills. Excellent salary and benefits. Qualified individuals may apply on-line at www.american-

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First State Bank - Graham, TX, is seeking a COMMERCIAL LENDER/BRANCH MANAGER. Candidate needs excellent communication skills, ability to promote good cus-tomer relations, and strong busi-ness development skills. 3+ years lending experience is preferred. Interested applicant may send a re-sume to [email protected].

Houston, TX - Harper & Pearson Company, P.C., is seeking an ENTRY LEVEL ADVISORY STAFF for our banking practice. The work would include performing internal control, regulatory compliance, loan review, and other advisory services offered to financial institutions across Tex-as. This is a great opportunity that would allow you to work for the larg-est niche practice of our firm. Com-plete job description can be viewed at www.harperpearson.com. For im-mediate consideration please sub-mit your resume to [email protected].

COMPLIANCE OFFICER needed in $500 million Independent Commu-nity Bank in Midland, Texas. Prefer candidate with Certified Regulatory Compliance Manager (CRCM) des-ignation and work experience in a community bank. We offer an excel-lent benefit package and competi-tive salary. Please send resume to [email protected], subject line Box F-1.

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in Aubrey, Texas, has an immedi-ate full-time opening for a Lending Officer. Position requires a Bach-elor’s degree in finance or business related field and at least 3-5 years of lending experience or an equiv-alent of at least 8 years in lending experience. Candidate should have in-depth knowledge of lending and banking concepts and regulations. Individual must possess strong busi-ness development skills. Prior man-agement and leadership experi-ence a plus. Competitive salary and benefits. Qualified applicant please apply online at www.cierabank.ap-pone.com. EEO Employer: M/F/Vet-eran/Disability.

First Financial Bank in Eastland, TX, has an immediate opening for a VP COMMERCIAL LENDING OFFICER. Successful candidates will have a business degree with emphasis in accounting, finance, or marketing as well as six years of previous com-mercial lending experience. Inter-ested candidate may contact Kse-nia Nichols at [email protected] for more information or apply online at www.ffin.com. “Qualified applicants will receive consideration for em-ployment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran sta-tus.”

COMMERCIAL CREDIT ANALYST for expanding Northeast Tarrant County bank. Bachelor’s degree in finance, accounting or related field required. Must have excellent writ-ten and good verbal communication skills and be proficient in Microsoft Excel and Word. Previous commer-cial credit underwriting experience desired. Send resume’ to [email protected].

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PERIODICAL

Community Bankers Give FASB Board an Earful for its Loan-Loss PlanCommunity banks gave an earful to those who make accounting rules, wrote Michael Rapoport in The Wall Street Journal on February 5. Bankers sounded off on February 4 on a proposal (impairment proj-ect) from the Financial Accounting Standards Board (FASB) that would revamp the current “incurred loss” model for credit loss reserves. At the roundtable meeting of the FASB board of directors in Norwalk, CT, community bankers and their ad-vocates slammed the FASB as out of

touch with small banks and heedless of the impact of its plan. The FASB defended its proposal and said some of the community bankers’ concerns were overblown, but the board members said they wel-comed the dialogue. As previously reported, some bank-ing regulators support the proposal. Thomas Curry, the Comptroller of the Currency, has called it “sound” and “preferable” to existing policy, though he also said he was “concerned” about the potential impact on community banks.

As this issue goes to press, FASB had not posted on its website (www.fasb.org) the minutes of the February 4 meeting, and no FASB news has been released. A brief review of the FASB website did reveal two interesting items: no member of the seven-mem-ber FASB board of directors listed fi-nancial industry work experience in his bio, and FASB has posted 73 on-line comment letters on the proposal from the public on its website. Most of the letters are from the financial insti-tutions industry. Stay tuned! Q

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