Volume 134, No. 23June 8, 2009

In This Issue... FDIC-Insured Institutions’ Profit Rebounds in First Quarter of 2009Feature..............................................3

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

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

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Wes Hoskins

Hoskins Installed as 2009-2010 TBA Chairman;Austin Assumes Chairman-Elect Position W. Wesley Hoskins, chairman and president/CEO of First Community Bank in Corpus Christi, TX, was installed as chairman of the Texas Bankers As-sociation for 2009-10 at the annual convention in May. Hoskins joined the TBA board of directors in 2003 and has served as treasurer and chairman of commu-nity bankers council. Hoskins began his banking career in 1992 as a director at First Com-munity Bank and was named president/CEO in 1997. Before entering banking, he had a career in sales, education, insurance, and a family business. He graduated from Texas State University with a de-gree in communication and a minor in political science.

Jeff Austin III, vice-chairman of Aus-tin Bank in Jacksonville, was named

chairman-elect for 2009-10. Austin served as chair-man of the TBA BankPac committee from 1998 to 2000 and was elected to the TBA board of direc-tors in 2005. He has also served as chairman of the TBA government relations council and TBA treasurer. He is a fourth-generation banker and a graduate of The University of Texas at Tyler, where he also earned an MBA degree.

Barry Orr, chairman/CEO of First Bank and Trust in Lubbock, was named treasurer for 2009-2010. He has served on the TBA Community Bankers Coun-cil since 2003 and was elected to the TBA board of directors in 2004 Q

The First State Bank, Oklahoma’s oldest chartered bank, which originally opened in Canute in 1902, has been pur-chased by a local investment group and will be led by veteran OK bank-ers David Durrett and Chris Turner. Durrett will serve as chairman/CEO. With over 32 years of banking ex-perience, he was most recently with Val-liance Bank, Oklahoma City, where he served as CEO and vice chairman from 2004 until 2008. He served with Local Oklahoma Bank from 1997 until 2004.

From 1985 until 1989, he served as presi-dent/CEO/CFO of Commercial Bank. Turner will serve as president/CFO. He has over 29 years of banking experience, most recently serving as executive vice president and cor-porate sales man-ager of IBC Bank and predecessor Local Oklahoma Bank from 1980 until 2007. First State currently has two locations in Canute and Midwest City. A new build-ing is being constructed for the Midwest Branch at 2600 S. Douglas Blvd Q

Durrett and Turner to Lead First State Bank

Durrett Turner

Julie A. Cripe, president/CEO of OM-NIBANK, N.A. in Houston, TX, re-ceived the TBA Chairman’s Award from 2008-2009 TBA Chairman Vic-tor Pierson at the Texas Bankers As-sociation’s annual convention in San Antonio. Cripe has served as chairman of the Texas Bankers Foundation for the past two years and was recently appointed to the TBA board of directors. She ac-tively promotes financial literacy and has testified before Congressional banking committees on the role of the banking industry in promoting finan-cial education. She has also appeared on national television news distin-guishing traditional from Wall Street banks and promoting the safety and soundness of TX community banks. Cripe has served as president of OMNIBANK since 1999 and in bank-ing full-time since 1979. She holds an MBA degree in finance from the Uni-versity of Houston and is a graduate of SWGSB at SMU Q

Cripe

Cripe Receives TBA Chairman’s Award

Page 2 BANKERS DIGEST June 8, 2009

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Camp Is President, Bank of Texas McKinneyNorm Bagwell, chairman/CEO, and Mark Wade, president/COO, Bank of Texas, N.A., Dallas, jointly announced the promotion of Robert Camp to president of the McKinney location. Camp will be responsible for man-aging the commercial banking activity in McKinney, as well as selling bank products and maintaining relation-ships with companies in the McKin-ney and North Dallas areas. An 18-year banker, Camp joined Bank of Texas in 2000 and most re-cently served as senior vice president, commercial banking. Camp holds a BBA degree in fi-nance from Texas Tech University. Ac-tively involved in the community, he is a member of the McKinney Rotary Club and previously served as board chair for Volunteer McKinney Center and Round Up on the Range Q

McDonald Named EVP/CFO, Town North BankSteven L. McDonald has joined Town North Bank, N.A., Dallas, as executive

vice president and CFO. McDonald is a senior financial exec-utive with experience in the financial services industry focused on global re-tail banking, credit card, insurance, consumer lending, and capital mar-kets. He most recently served as CFO of a high growth com-pany. In addition, his experience in-cludes public ac-counting experience with a Big Four firm, and he serves on the Ernst & Young Alumni Advisory Council. He earned a BBA degree in accounting from SMU Q

McDonald

Barry C. Beard has joined Post Oak Bank, N.A., Houston, as executive vice president of commercial lending. He has over 13 years of commercial and retail banking experience. He previ-ously served as market president-Fort Bend County for Frost Bank, San An-tonio.

Post Oak Bank has also announced the promotions of Kevin Hajeck to vice president, manager of informa-tion technology; and Jennifer Hile to vice president, manager of loan op-erations Q

Beard Is EVP/CL, Post Oak Bank in Houston

June 8, 2009 BANKERS DIGEST Page 3

F e A T U R e

ByWendell Brock

De Novo Stratgy.www.denovostrategy.com

(continued on Page 12)

INDUSTRY EARNINGS

FDIC-Insured Institutions’ Profit Rebounds in First

Quarter of 2009

B D

FEATURE

In the first quarter of 2009, com-mercial banks and savings institutions insured by the

FDIC rebounded from a net loss in the prior quarter—an improvement that masked mixed performance. The first quarter net income of $7.6 billion, the high point of the previous four quar-ters, was more than 60% below 2008’s first quarter performance of $19.3 bil-lion. Further, this year’s profitability was largely fueled by strong trading revenues and realized gains on securi-ties at large banks. Nearly one-quarter (21.6%) of banks reported a net loss, and a majority of banks reported quar-ter-over-quarter net income declines. A $7.6 billion increase in trading revenues boosted noninterest income, with additional contribution com-ing from increased servicing fees and gains on loan sales. The industry also benefited from an improved net inter-est margin (NIM), driven primarily by a lower cost of funds. The average NIM of 3.39% was slightly higher on a sequen-tial and quarter-over-quarter basis.

Bad loans still a factor First quarter 2009 charge-offs ($37.8 bil-lion) notched a slight sequential decline, but are still outpacing 2008’s level by al-most 100%. C&I loans accounted for most of the year-over-year increase in charge-offs, but credit cards, real estate construc-tion loans, and closed end 1-4 family residential real estate loans were also problematic. Net charge-offs in all ma-jor categories were higher than a year ago. The total annualized charge-off rate was 1 basis point below the fourth quarter’s record-high level. Noncurrent loans are still on the rise.

The percentage of noncurrent loans and leases to total loans and leases rose 81 basis points during the first quarter to 3.76%, with the increase being led by real estate loans. Nearly three-fifths (58%) of banks indicated that their noncurrent loan balances increased during the first quarter. Banks added to their reserves again this quarter, pushing the ratio of re-serves to total loans up to the record level of 2.5%. This reserve building was outpaced by the rise in noncurrent loans, however, such that the ratio of

reserves to noncurrent loans declined to 66.5%, a 17-year low.

Balance sheets shift The industry’s equity capital rose substantially, partially driven by re-duced dividend payments and TARP infusions. The FDIC noted that 97% of insured institutions were well-capital-ized by regulatory standards. The paring down of loan portfolios and trading accounts led to an indus-

Page 4 BANKERS DIGEST June 8, 2009

p e o p l e TeXAS

Retired Bank Counsel Charles Russell Cravens Jr. Dies at 80Charles Russell Cravens Jr., 80, died at his home in Southlake after a year-long battle with cancer. He was born in Salina, KS, on May 26, 1928. A writer of legal columns for Bankers Digest for 26 years, beginning in 1966 until his final column in the July 11, 1994, issue, Cravens estimated that he contributed 676 columns in those years. He was a Dallas attorney who specialized in representing financial institutions. He received his undergraduate de-gree from Yale University and his law degree from the University of Virginia. He began his law practice in Dallas in 1957 and retired July 1,1994. Cravens was an incorporator, direc-tor, and past president of the Texas Association of Bank Counsel. He also served as a director of Comerica Bank Texas and its original TX predecessor bank Grand Bank/Grand Avenue Bank, Dallas, for more than 30 years Q

OmniAmerican Ups Holland, Bryan, Lippert

Sterling Names Ansel, Loyd, Battle, and Gloria

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OmniAmerican Bank, one of Tarrant County’s largest locally-based finan-cial institutions, announced three ex-ecutive promotions. Anne Holland, Mike Bryan, and Tony Lippert have each been elevated to executive vice president. Tim Carter, president/CEO of OmniAmerican Bank, made the an-nouncement. Holland will continue to oversee de-velopment of the Private Bank, a pro-gram specifically for bank clients with significant financial resources. Bryan will be responsible for man-aging business development for the commercial lending department. Lippert will continue to manage the IT department, which includes the health, security, and availability of all IT services in the bank. OmniAmerican has also announced the appointment of Tarrant County business and civic leader John F. Sam-mons Jr. to the board of directors. Prior to his relocation to Tarrant County, Sammons served four terms as mayor of Temple. In recognition of his accomplishments and service, the Temple city council renamed the Tem-ple Municipal Park and Golf Course to “Sammons Park.” He served as chair-man of the Mayors Advisory Commis-sion to Governor William P. Clements, Jr. and on the Texas Department of Commerce board of directors. Following his public service career, Sam-mons joined McLane Company as presi-dent of its Food Service Divisions Q

Four bankers have joined Sterling Bank, Houston, to form a commer-cial and industrial (C&I) group that will focus on developing and servicing commercial loan and deposit relation-ships. Joining Sterling are Kirby Ansel, ex-ecutive vice president; Leonard Loyd, senior vice president; Jack Battle, senior vice president, and Alma Glo-ria, specialty banking assistant. These bankers most recently served with Wa-chovia Bank, a Wells Fargo Company. Ansel has served with Comerica Bank and NationsBank and its pre-decessors InterFirst, First Republic, and First International Bank. He is a graduate of Stephen F. Austin Univer-sity and the Southwestern Graduate School of Banking at SMU. Loyd was previously a senior vice president and senior producing leader at Wells Fargo/Wachovia, and held ear-lier positions with Comerica, Chase, and former financial institutions such as MBank. He holds a master’s degree in economics and a bachelor’s in busi-ness from the University of Houston. Battle was also a senior vice presi-dent and senior producing leader in the Wells Fargo/Wachovia business banking group. He previously served with Comerica and Bank One. Battle holds master’s and bachelor’s degrees in business administration from Texas A&M University. Gloria was most recently a senior relationship specialist at Wells Fargo/Wachovia. She previously served with Sterling Bank for 18 years Q

Mutual of Omaha Bank Taps Phillips VP/Sr RELOMichael Turner, Houston market pres-ident of Mutual of Omaha Bank, has reported that Matt Phillips has been appointed vice president and senior commercial real estate lender for the bank’s Houston expansion Q

June 8, 2009 BANKERS DIGEST Page �

p e o p l e TeXAS

Happy State Names Reinart Executive VP, Ups Burnett, Heuston, Hinds, Attebury, KnightonJ. Pat Hickman, chairman/CEO of Hap-py State Bank and Trust Company, an-nounced recent promotions. Rick Reinart was named executive vice president and senior lender. He is a graduate of West Texas A &M University with a BS degree and has 24 years of bank-ing experience. Jon Burnett was promoted to vice president respon-sible for providing investment services. He attended West Texas A & M University and has 12 years of experience as a financial advisor and five years of banking experience. He vol-unteers with Kidsfest and the Make-A-Wish Foundation. Christy Heuston was named assis-tant vice president. She is responsible

for customer service at the Soncy loca-tion. She graduated from West Texas A & M University where she earned a BBA degree. She has served with the bank for eight years. Jo Hinds has been promoted to assis-tant vice president and serves as Bank Secrecy Act Officer. She earned a BBA degree from Southwestern Oklahoma State University. She serves as secretary for the Sherman County Appraisal Re-view Board and is a member of the Sher-man County Development Committee. Amy Attebury was promoted to bank officer. She supports the com-mercial lending department in many capacities. She earned a BBA degree in general studies and an MBA degree in management from West Texas A & M University. Josh Knighton has been promoted to information technology officer. He manages the technicians and the help desk in the IT division Q

Reinart

James T. (Tom) Denton has been named Dallas County president of the North Dallas LPO of Access 1st Capital Bank, Denton. He is a veteran banker who has served in Houston and Dal-las. He has served as CEO and presi-dent of several North Dallas banks, including most recently United Texas Bank. Denton is a graduate of Texas Tech University and the Southwestern Graduate School of Banking at SMU. Denton will lead the conversion of Access 1st Capital’s LPO to a full-ser-vice branch. That conversion is antici-pated to be completed in August. The Dallas LPO is located at the corner of North Central Expressway and Mead-ow Ln. (10440 N. Central Expwy., Ste. 130) in Dallas. Access 1st Capital Bank opened as a de novo in late 2007 and has experience rapid growth with total assets over $80 million in just over 15 months Q

Denton Heads Dallas LPO, Access 1st Capital

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Community Trust Bank, Ruston, Taps Stinson and DyerDon Stinson has joined Community Trust Bank, Ruston, as a business de-velopment banker. He has 39 years of financial consulting experience, hav-ing previously served as a senior vice president of Merill- Lynch and Co. Inc. He earned a bachelor’s degree in pe-troleum engineering from LSU. His community involvement includes par-ticipating on Monroe City recreation

board and River Oaks school board. Damien S. Dyer has joined Com-munity Trust Bank as vice president and market relationship banker at the Forsythe Banking Center. He has seven years of banking experience in the Greater Baton Rouge area. Dyer earned a bachelor’s degree in finance from the University of Louisiana La-fayette Q

Jim Jordan, community bank presi-dent of BancorpSouth in Camden, has announced two promotions for the Camden division. Tessa Wilson has been promoted to senior assistant vice president and loan officer. She joined the bank in 1980 and has served in bookkeeping and as a teller, a branch manager, and a loan secretary. Annie Purifoy has been promoted to assistant vice president, human re-sources and teller supervisor. She has served with the bank for 20 years. Ear-lier, she served as a teller and manag-er of the East Camden Branch Q

Wilson & Purifoy Promoted, BancorpSouth in Camden

Burrage to Seek Full Term,OK State Auditor & InspectorAfter about 10 months on the job, Antlers banker Steve Burrage has an-nounced that he will seek a full term as OK’s state auditor and inspector. Burrage was appointed to the posi-tion by Gov. Brad Henry in July 2008. The 56-year-old Burrage is a longtime banker from Antlers, where he serves as chairman of the board of FirstBank; a CPA; and a former chairman of the Oklahoma Bankers Association Q

Former Liberty Tulsa Trust SVP Richard M. Corbridge DiesRichard Merritt “Dick” Corbridge, 76, a former senior vice president and senior trust officer with Liberty Bank & Trust Co. of Tulsa, died May 11. He retired from the bank in the 1990s. Corbridge earlier served the First National Bank in Caspar, W; the Southern Arizona Bank in Tucson, AZ; and the Valley Bank in Phoenix, AZ Q

ARKANSAS

oKlAHoMAloUISIANA

Barnett Is President, First State Midwest City Gerald F. Barnett has been named president of the Midwest City market for First State Bank in Canute. Barnett previously served as founder and president/CEO of U.S. National Bank of Midwest City and president/CEO of Midwest National Bank of Midwest City Q

June 8, 2009 BANKERS DIGEST Page �

N e W S W A T C H TeXASARIZoNA

West Valley Bancorp Buys Stock at Public AuctionWest Valley Bancorp Inc. will retain shares of WVB stock that were sold May 11 in a public auction to Marshall & Ilsley Corp. (M&I Bank) for $1.275 million - exercising WVB’s right to purchase the shares at the price and terms of the highest bid, according to an article by Chris Casascchia, Phoenix Business Journal writer. WVB, the parent of West Valley Na-tional Bank in Avondale, purchased the 424,500 shares which were owned by West Valley real estate developer Jack Rose, who allegedly defaulted on a $6.25 million loan at M&I Bank, which had a security interest in the shares as collateral. The shares represented 20% of all of WVB’s stock. Rose helped establish the bank in 2006 and served on its board of directors until he resigned in September 2008 Q

Arvest Bank Gets Highest Ranking in J.D. Power SurveyArvest Bank, Fayetteville, received the highest ranking in the Southeast Re-gion for customer commitment and satisfaction in a J.D. Power and As-sociates 2009 Retail Banking Satisfac-tion Survey (SM) released recently. Kevin Sabin, president/COO of Arvest Bank, reported the award. The Southeast Region includes NC, SC, GA, FL, AL, TN, VA, MS, LA, KY, WV, and AR. The study analyzed customer sat-isfaction with the retail banking expe-rience based on six factors: transac-tions, account statements, account initiation/product offerings, conve-nience, fees, and problem resolution.The survey was conducted with more than 28,000 banking cuatomers. Arvest Bank operates more than 220 bank branches in AR, OK, MO, and KS through a network of 16 locally man-aged banks. The bank provides a wide range of traditional banking services, asset and wealth management, life in-surance, credit cards, mortgage loans, and mortgage servicing Q

ViewPoint Bank Opens Second Location in Frisco

ViewPoint Bank, Plano, has annouced the opening of its second full-service office in Frisco, ViewPoint Bank-West Frisco, at 2975 Main St at Teel Pkwy. The ribbon cutting at the new bank is set for June 4. ViewPoint operates an office on Pres-ton Rd. which it opened in 2000. The bank president of the new Frisco office is Brandon Strom, a Frisco resi-

dent and 11-year banker. The West Frisco office is the second full-service ViewPoint location to open in 2009. The bank opened an office in Grapevine in April and plans to open in Wylie late in 2009. ViewPoint is the largest financial in-stitution based in Collin County, with more than $2.2 billion in assets. It oper-ates 24 bank offices in the Metroplex Q

ARKANSAS

Page 8 BANKERS DIGEST June 8, 2009

N e W S W A T C H

Investar Bank, Baton Rouge, Opens Port Allen LocationInvestar Bank, Baton Rouge, has opened its second branch location in Port Allen at 3761 LA Hwy. 1 South. The 2,300-square-foot branch, which has three drive-thru lanes and an ATM, opened in May. Joni Leray serves as branch man-ager. The bank was established in 2006 Q

IBC Bank, based in Laredo, TX, opened its Bixby office at 11886 Memorial Dr. on May 18. It is IBC’s 61st branch in Oklahoma. At 3,600 square feet, the branch will feature a four lane drive-through and a drive-up ATM lane. Jason Dulin serves as branch man-ager Q

oKlAHoMA

IBC Bank Opens Bixby Office, Number 61 in Sooner State

Houston Business Bank Opens with $10M in Capital

TeXAS

Houston Business Bank opened for business on May 15 at 1535 West Loop after raising $10 million in start-up capital, according to an article by Greg Barr, Houston Business Journal writer. Ac-cording to the article, the capital was raised from a pool of 35 investors. The de novo bank is backed by the Doyle family in Texas City which has grown its Texas First Bank brand to an 18-location operation mainly in Galveston County. The parent com-pany of Texas First Bank, $680 million-asset Texas Independent Bancshares Inc., is also the majority owner of Houston Business Bank. Matthew Doyle serves as Houston Business Bank chairman. He is also vice chairman of Texas First Bank. John Ortega, Houston Business Bank president/CEO, and Guy Miller, chief credit officer, are both former busi-ness bankers with JPMorgan Chase Bank who will oversee the bank’s daily operations Q

loUISIANA

Sage Capital Bank Breaks Ground in New BraunfelsSage Capital Bank, N.A., broke ground in May for a new full-service banking center in New Braunfels and named veteran banker Tilmon (T.L.) Walker president of the center. Offering a full range of consumer and commercial banking products, Sage Capital will occupy 5,600 square feet of space when the facility is com-pleted in November 2009. The build-ing’s architecture reflects Tuscan and Spanish influences. The new facility will be located at 2009 Hwy. 46 W. in the Hunter’s Creek Business Park. Sage Capital is a national banking association with its principal office in Gonzales. The bank was established in 1984 and currently operates under the name American National Bank but will change its name to Sage Capital Bank, N.A., effective July 1. The bank maintains banking centers in Gonzales, Lockhart, Luling, and San Marcos. As of March 31, 2009, Ameri-can National Bank reported assets of $213.7 million, according to informa-tion provided in a news release Q

June 8, 2009 BANKERS DIGEST Page 9

R e G U l A T o R S

C h a r t e r

a c t i v i t yArizonaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has an-nounced that an application for a branch at 2700 N. 140th Ave., Good-year, by BNC National, Phoenix, has been abandoned.ArkansasMERGERS AND ACQUISITIONS The OCC has approved an applica-tion by INTRUST Bank, N.A., Wichita, KS, for the merger of Twin City Bank, North Little Rock, into INTRUST Bank, N.A., Wichita. This combination in-volves the acquisition of a stripped AR bank charter.TexasBRANCHES The OCC has received an application by HSBC Bank USA, N.A., McLean, VA, for a branch at 3050 Post Oak Blvd.,

Ste. 600, Houston. The OCC has approved an applica-tion by The First National Bank of Bell-ville to relocate a branch from 1018 Saunders to 31384 FM 2920, Waller. The OCC has received an applica-tion by San Antonio National Bank to relocate a branch from 1121 SW Mili-tary Dr. to 1935 SW Military Dr., San Antonio. The OCC has approved an appli-cation by JPMorgan Chase Bank, N.A., Columbus, OH, for a branch at 8027 W. Grand Parkway South, Richmond. The OCC has received an application by The First National Bank of Weather-ford for a branch at 139 College Park Dr., Weatherford. The TEXAS DEPARTMENT OF BANKING has received an application by American State Bank, Lubbock, for a branch at 2703 N. Grandview Ave., Odessa; and an application to relo-cate a branch from 3402 N. First St. to 3002 N. 12th St., Abilene. The TXDB has announced an up-date to a branch flip application origi-nally filed by MyLubbockBank, Lub-bock, after the consummation of the

merger of Western Bank (new bank name) with First Bank of West Texas, Coahoma, which was effective May 14. The branch flip involves moving a branch from 5701 82nd St., Lubbock, to 500 W. Broadway, Coahoma. The TEXAS DEPARTMENT OF SAV-INGS AND MORTGAGE LENDING has filed an application by The Bank & Trust, ssb, Del Rio, for a branch at 3400 Hwy. 21 East, Bryan.MERGERS AND ACQUISITIONS The OCC has received an applica-tion by The First National Bank of Weatherford for the affiliate merger of First National Bank of the Mid-Cities, Bedford, with into The First National Bank of Weatherford. The FEDERAL RESERVE BOARD has filed an application by ANB Hold-ing Company, Ltd., Terrell, to acquire additional shares up to 35% of ANB Corp. and indirectly American Nation-al Bank of Texas, Terrell. The FRB has filed an application by Tall City Bancshares Inc., Midland, to become a bank holding company by acquiring 100% of the voting shares of Kent County State Bank, Jayton Q

June 8, 2009 BANKERS DIGEST Page 10

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COMMUNITY BANKER, SOUTH-EAST TEXAS: Pro-deal Texas com-munity bank needs seasoned gen-eralist lender to manage small-town market. Contact Mark Mitchell, Lone Star Search, 972/335-9009, www.lonestarsearch.net.

First Financial Bank Cleburne has an opening for a BRANCH MANAGER at the branch located in Burleson, Texas. Candidate must have 8 to 10 years of retail banking experience including commercial, consumer, and real estate lending experience. Previous management in a retail banking environment is required. Please send resume to: Human Re-sources, P.O. Box 537, Cleburne, TX 76033 or apply online at www.first-mybank.com. EOE.

OMNIBANK, N.A. has an immediate opening for a HUMAN RESOURCES MANAGER at its north Houston lo-cation. Minimum of 4-6 years HR generalist experience required. Excellent verbal and written com-munication skills needed. Experi-

Page 11 BANKERS DIGEST June 8, 2009

C l A S S I F I e D ence with ADP and Reportsmith preferred. Email resume and salary requirements to jobs@omnibank.com or fax to 281/999-9129. EOE/M/F/D/V.

RETAIL BANKING MANAGER-AUS-TIN: Libertad Bank is seeking an experienced RETAIL BANKING MANAGER to lead its deposit gath-ering and customer service organi-zation. Must be committed to a high standard for customer service and have a demonstrated ability to plan, organize, manage, and lead. Must have the ability to serve a wide va-riety of consumer and business cus-

tomers, and show a firm grasp of the business of banking, including teller operations, new accounts, electron-ic banking, and regulatory compli-ance. Please reply to fax: 512/693-3614 or hr@libertadbank.com.

DFW independent bank, $100mm assets, seeks a CREDIT MANAGER. Successful candidate will be respon-sible for loan administration, loan documentation including credit track-ing, past due collections, workouts and foreclosures, loan renewals, and loan review. 5 years commercial loan experience with a BANK is required. Bank is heavy in commercial real es-tate lending, no consumer mortgages. This person will NOT be involved as a lender. Reports to CEO. Salary in low 50s. Time is of the essence – job starts immediately. Send resume with salary requirements to bankjobnow@gmail.com EOE.

LEADING BANK IN SOUTHERN NEW MEXICO is seeking a BUSINESS DE-VELOPMENT EXECUTIVE with main focus toward Commercial Real Es-tate Lending. Applicant should have prior lending experience. SBA/Gov-ernment lending knowledge a plus. Competitive salary with benefits. EEO Employer. Send resume with business plan to: P.O. Box 1358, Carlsbad, NM 88221-1358 or email jdodson@wcb.net, subject BDE/Personnel.

Growing Northeast Texas community bank looking for CHIEF FINANCIAL OFFICER. Responsible for bank’s ac-counting, data processing and opera-tion functions, supervising three direct reports. CPA a plus but not required. Please email resume and salary re-quirements to imab2000@gmail.com.

American State Bank is accepting ap-plications for a BRANCH MANAGER at our Cisco location. Job qualifica-tions include college coursework in business or finance, thorough knowl-edge of bank services/products, and an understanding of related legal and regulatory requirements. Familiarity with branch functions, policies, pro-cedures required. At least five years of related experience in a financial in-stitution with a minimum of two years supervisory experience required. Please apply in person, or email your resume to jobs@asbonline.com.

Mid-size Community Bank, NA, Hous-ton metropolitan area, seeking CEO\PRESIDENT. Please send resume to bankersdigest@bankersdigest.com, subject line Box J-1.

HomeTown Bank, N.A., seeking a sea-soned COMMERCIAL/REAL ESTATE LOAN OFFICER for its Galveston location. Send resume to service@htbna.com.

Community Bank with branches is seeking a motivated Senior Bank Officer for its Huntsville, TX, office. Position requires at least �+ years of lending experi-ence and superior business de-velopment skills. Previous man-agement experience is a plus.

Position offers a great oppor-tunity for near term advance-ment, competitive salary and benefits package.

Please email resume to bank-ersdigest@bankersdigest.com,

subject line Box J-3.

Senior Bank Officer

(continued on Page 12)

Page 12 BANKERS DIGEST June 8, 2009

ADDRESS CHANGE - When writing to us about your subscription, enclose the address label from your copy of Bankers Digest. You can also change your address at www.bank-ersdigest.com under subscriptions.

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

PERIODICAL

deposit boxes. FLAIR SYSTEMS, 800/468-1246, 214/340-3580.

MODULAR BANK BUILDINGS: Looking to Branch? Opening a New Charter? Disaster Planning? Need a Temporary while Remodel-ing? Temporary/Permanent Modu-lar Bank Buildings new and used. North American Buildings, 888-800-8866, www.NorthAmerican-Buildings.com.C l A S S I F

A leading community bank in South-west Texas is seeking a qualified COMPLIANCE/INTERNAL AUDITOR. Competitive salary/benefit package. Please respond to bankersdigest@bankersdigest.com, subject line Box J-2.

EQUIPMENTFOR SALE: Used safe deposit boxes, lockers, safes, night depositories, undercounter units, fireproof note and legal files, drive-up windows.

Over 340 types SD Locks available. Custom made & large size gun safes in stock. OK license #1055. 580/584-7766 or 800/642-8763, or FAX: 580/584-7720, or email: un-derwoodsafe@yahoo.com or www.underwoodsafe.net.

BANKING EQUIPMENT NEW AND USED: Buy, sell or trade. Service & installation. Power files, x2 units, shelving, Mobile shelving, fire-proof files-note, legal and letter, undercounter. Money safes, safety try-wide decline in total assets of $302

billion. Two-thirds of all institutions reported total asset growth in the quar-ter, but reductions at eight large banks caused the industry total to decline. As a result, the ratio of total deposits to industry assets rose to 66.1%, despite a slight decline in total deposits.

Failure rate high, DIF decreasing At quarter-end, there were 8,246 FDIC-insured institutions, down from 8,305 at year-end 2008. Twenty-one banks failed in the first quarter. The problem list grew in number from 252 to 305, while the assets managed by problem banks increased 38% to $220 billion. Loss provisions (for actual and antic-ipated failures) drove a 24.7% decline in the DIF during the quarter, bringing the balance to about $13 billion. The 21 failures during the first quarter are estimated to have cost the DIF $2.2 billion. At quarter-end, the reserve ratio was 0.27%, its lowest level in 16 years. New charters approved during the first quarter of 2009 numbered 13, the lowest level since the first quarter of 1994. There were 50 bank mergers dur-ing the quarter Q

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June 8, 2009 BANKERS DIGEST Page 13

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