kelty named chase harrison joins first arkansas bankers to ...bonnie jamison blackman,...

Jeff Harrison has joined First Com-munity Bank, N.A., Sugar Land, TX, to open the bank’s Bay Area market in Houston. He will serve as a se-nior vice president and will primarily focus on commer-cial customer rela-tionships in Web-ster, Clear Lake, League City, and the surrounding areas. Larry Babb, re-gional president, made the announce-ment. Harrison, who has 25 years of bank-ing and finance experience, has served with several area banks, including the former First Community Bank, Pearl-and, before its sale to Wells Fargo in 2007. In addition, he has served on the city council of League City and as mayor of League City for 2002-2005. He is a graduate of the University of Houston with a BS degree in finance. First Community Bank, N.A., opened its first Bay Area office on March 16 of this year at 251 W. Medical Center Blvd. in Webster Q

Kevin Kelty has been named presi-dent of JPMorgan Chase Bank, N.A., in Baton Rouge, LA, replacing Mark Bensabat, who will lead Chase’s expansion in FL as the new CEO of middle market banking.

Kelty previous-ly led the bank’s technology cor-porate banking group and its South corporate banking group, based in Dallas, TX. He managed eight corpo-rate offices, spanning from New York to Los Angeles. He has served with Chase for 25 years, working in various cities and jobs.

Bensabat’s new job in FL will be to build Chase’s commercial banking business, utilizing the distribution channels and retail presence from the Washington Mutual acquisition. Chase currently operates about 235 of the former WaMu branches in FL. Chase has a strong private banking, investment banking, and credit card operations group in FL Q

Volume 134, No. 16April 20, 2009

In This Issue...

Safe Deposit Box or Home Safe? Today’s Consumer DilemmaFeature............................................3

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

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

Please route this issue:

www.bankersdigest.com

Kelty

Kelty Named Chase Baton Rouge President

Arkansas Bankers to Gather in Hot Springs

Harrison Joins First Community Bay Area

The Arkansas Bankers Association has announced its 119th annual convention and tradeshow will take place April 29-May 1 at the Hot Springs Convention Center. The convention headquarters will be the Embassy Suites Hotel which adjoins the convention center. Activities kickoff on Wednesday, April 29, with a morning golf tourna-ment at the Belvedere Golf Resort, followed by an evening reception and the PAC silent auction. The annual association business session on April 30 will feature speak-ers Terry Smith, president/CEO of the Federal Home Loan Bank of Dallas; Dr. Tim Yeager, chair of banking, Univer-sity of Arkansas; and Dr. Lacy Hunt, economist. AR Governor Mike Beebe and keynote speaker John Cassis will round out the morning speakers. The chairman’s reception and banquet/en-tertainment are set for the evening. The Simmons Strawberry Breakfast is set for Friday, May 1. The “Day with the Commissioner” speakers include AR bank commissioner Candace A. Franks and federal regulators and U.S. Congressman Mike Ross Q

Henke Is President, American Bank of Tulsa, OKFrank X. Henke IV has been named president of American Bank and Trust Co. of Tulsa, OK. He has served with the bank since 1999, most recently as vice president of lending and as a member of the board of directors. He is also an attorney. Frank X. Henke III will remain as chairman of the bank’s board of direc-tors and CEO. Charles G. Meckfessel was elected vice chairman of the board of direc-

tors. He previously served as bank president and has served with the bank since 1982. The bank has also announced the promotion of Greg W. Rusco to exec-utive vice president and chief lending officer. He has served with the bank since 1984, rising through the ranks to his former position as senior vice president and chief lending officer. American Bank and Trust Co. had as-sets of $172 million at year-end 2008 Q

Harrison

BANKERS DIGEST April 20, 2009

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p e o p l e TeXAS

Bank of Texas, N.A., Taps Greenway SVP, Davila & Farah VPs, Green Advisor in Houston Randy Walker, Houston region chair-man, Bank of Texas, N. A., Dallas, and Billy Braddock, senior vice presi-dent and manager, middle market banking, jointly announced the ap-pointment of Ja-son Greenway as senior vice presi-dent in middle market banking. He will be responsible for new busi-ness development and middle market portfolio management in the Greater Houston area. Greenway began his career at Frost National Bank as a middle market fi-nancial analyst and advanced to as-sistant vice president. After five years, he joined Wachovia Bank as a senior vice president and senior producing leader. He has a BBA degree in finance from Southwestern University. Walker and Chris Zieber, senior vice president and manager, treasury ser-vices, jointly announced the appoint-ment of Leon Davila as vice president, treasury services. He will focus on implementing commercial depository services and cash management prod-

ucts for national and regional small businesses and public institutions. Davila began his career at Wells Fargo Bank in Houston as a treasury management sales associate. After three years, he moved to JPMorgan Chase Bank where he was an assistant vice president in treasury manage-ment. Most recently, he served as a vice president and treasury manage-ment sales officer at Sterling Bank. Alan Miller, president, Bank of Tex-as, The Private Bank, and Bill Good-win, executive vice president, jointly announced the appointment of Julie Farah as vice president and trust of-ficer for The Private Bank. She will serve in the administration of estates, trusts, IRA’s, and discre-tionary investment accounts. Farah has over 10 years of experi-ence in estate and trusts, including advising clients on fiduciary, trust, es-tate, and tax planning. She has a BBA degree in accounting from Lamar Uni-versity, a doctorate in jurisprudence from South Texas College of Law, and a master of laws in taxation from the University of Houston Law Center. She is a CPA, an accredited asset manage-ment specialist, and board certified in estate planning and probate law by the Texas Board of Legal Specializa-tion. Miller and Goodwin also announced the appointment of Patricia Green as client advisor for The Private Bank, the wealth management division of Bank of Texas.

Green served nine years in the se-curities industry as a registered rep-resentative in the Shearson Lehman Hutton as a financial planner and as a principal in a small regional broker/dealer. She served as vice president, investment representative, for Amegy Bank of Texas for six years, and most recently served as vice president, in-vestment representative and product development officer, for Guaranty Bank. She earned a bachelor’s degree from Huron University and holds pro-fessional licenses including Series 7, 63, 65, 24, Certified Financial Planner, Life and Annuity Q

Greenway

Gregory Neal Woo, 48, a Marble Falls banker, died April 6 from complica-tions from a fall in his home on April 3 in Marble Falls. At the time of his death, he was serv-ing with Austin-based Treaty Oak Bank as a vice president. He joined Treaty Oak Bank in 2007 and formerly served as president of IBC Bank in Marble Falls. Woo began his 26-year banking ca-reer in 1983 at Allied Bank of Texas as a credit analyst. He served with banks in Huntsville, Houston, Fort Worth, Beeville, and Jasper prior to going to Marble Falls to serve with IBC Bank. He earned a BBA degree in marketing and management in 1983 from Baylor University and was a 1997 graduate of the Southwestern Graduate School of Banking at SMU. Memorials may be made to the Boys and Girls Club, P.O. Box 190, Marble Falls 78654 Q

Treaty Oak Bank’s Greg Woo Dies April 6 in Marble Falls

April 20, 2009 BANKERS DIGEST

F e A T U R e

ByDavid P. McGuinn, President

Safe Deposit SpecialistsHouston, Texas

(continued on Page 12)

S A F E D E P O S I TSafe Deposit Box or Home Safe? Today’s Consumer

Dilemma

B D

FEATURE

1-800-922-9850

Member SIPC

The demand for home safes has spiked as numer-ous financial institutions face buy-outs,

bailouts, near collapse, or closures. Some accountholders are electing to liquidate their investments and hoard their cash reserves as they prepare to ride out the worst recession in de-cades. A loss of faith in the financial indus-try and few options for keeping cash reserves secure cause some people to turn to home safes as an alternative to checking, savings, and CD accounts, or even safe deposit boxes. Many home safe manufactures and dealers have

enjoyed a 70% escalation in sales over the past year. One’s first inclination might be to rush to a discount store and purchase a relatively inexpensive home safe. Medium size safes sell for as little as $150 dollars. However, inexpensive safes may only weigh between 100 to 150 pounds. Two not-so-hefty burglars could lift these safes and remove them easily from a home. Home Safe Horror Story As a safe deposit box consultant for over 40 years, I am the last person you would expect to consider buying one of these popular home safes. Un-fortunately, several years ago I tired of paying $50 dollars a year for my safe deposit box, and I closed it. I then went to my local Home Depot and purchased a 300-pound home safe for $299 dollars. One dollar a pound, sounded reasonable to me! After my wife and I placed thou-sands of dollars in jewelry, cash, fam-ily heirlooms, and other valuables in what we thought was a safe place, our home security system was compro-mised and our house was burglarized. This 300-pound safe was opened us-

ing crowbars, sledgehammers and other tools that the burglars found in my garage. Needless to say, I am, once again, a safe deposit box renter. The thieves were thoughtful enough to leave be-hind our birth certificates, marriage license, and other legal and estate documents. However, I felt that any valuables we might accumulate in the future would certainly be more secure in a safe deposit box considering our past experience.Home Safes Serve a Purpose Clearly home safe’s have a purpose. Items that could be needed at a mo-ment’s notice such as passports, living wills, or other medical records should be kept close at hand and available for instant access. Documents that are used frequently and would be difficult to replace or reproduce are also excel-lent candidates for home safes. Now that I have regained my faith and rented a new safe deposit box, I sometimes imagine that I have a very large home safe. Unlike my 300-pound weakling, this bad boy weighs thousands of pounds and resides in-


p e o p l e TeXAS

Ward and Haden Are VPs, Happy State’s Trust DeptJ. Pat Hickman, chairman/CEO of Happy State Bank and Trust Company, announced the hiring of Nancy Ward and Buffy Haden as vice presidents and trust officers in the trust depart-ment at the Happy State’s Soncy loca-tion in Amarillo. Ward has 28 years of banking expe-rience which includes 26 years serving as a trust administrator handling per-sonal trusts, IRAs, benefit accounts, and estates. She earned a BBA degree from West Texas A & M University. Haden has served in the trust ad-ministration business for 16 years. She earned BBA and MBA degrees from West Texas A & M University Q

Harold E. Patterson, 79, former bank executive and former mayor of Arling-ton, died on March 20 in Arlington.

Patterson was born March 27, 1929, in Arlington and served two years in the U.S. Marine Corps.

Patterson was an executive officer of four different banks in Arlington from the mid-1970s to mid-1980s: president/CEO of Central National Bank, president/CEO of First City Bank-Central Arlington, N.A.; vice chairman of Texas American Bank Fo-rum; and founding president/CEO of Pioneer National Bank.

He was active in Arlington public,

Founders Bank, Sugar Land, has an-nounced the promotion of Jan Stein to senior vice president. Her duties include managing the bank’s loan operations. Jim Sturgeon, president/CEO, made the announcement. Stein was among the first group of employees hired by the bank prior to its opening in November 2007. She has more than 30 years of ex-perience in finance and banking, with a concentration during her career in loan operations Q

Stein Upped to SVP at Founders in Sugar Land

North Texas Bank, N.A., Decatur, has announced that Michael E. Craft has joined the bank as president of the Colleyville office, at 6100 Colleyville Blvd. The bank opened the office in Oc-tober 2008 and named Craft to head the office team. Other members of the Colleyville staff include Terry Lynn Sewell as office manager and Kristen Ripple as personal banker Q

Craft Is North Texas Bank Colleyville Pres

Westbound Bank, Katy, has announced that Chris Ehlinger has joined the bank as chief financial officer. Ehlinger has over 15 years of banking experience, most recently serving with Tradition Bank, Bellaire, as senior vice president of lending. He earlier served with Texas State Bank and Central Bank, both in Houston. He holds an MBA degree in finance/management from the University of Houston and a BBA degree in finance/accounting from Texas A&M University Q

Ehlinger Named CFO, Westbound Bank, Katy

Former Arlington Bank Executive Harold E. Patterson Dies civic, and community affairs, including serving 20 years (1966-1987) on the Ar-lington City Council, from 1977-1983 as mayor pro tem, and from 1983-1987 as mayor.

Patterson was recognized as an Outstanding Young Man of Arlington and Citizen of the Year of Arlington. The Harold Patterson Sport Center Complex in South Arlington is named in his honor.

Patterson is survived by his wife of 60 years, Louise Patterson, and son Michael H. Patterson, an Arlington attorney and partner in Pierson Pat-terson LLP Q

Community Bank, Granbury, has hired Linda Van Grevenhof as vice presi-dent of client services for the bank’s newest branch at 1300 S. University in Fort Worth.

She has over 18 years of bank-ing and financial services experience and will be responsible for attracting both deposit and loan customers. She holds an NASD Registered Represen-tative (Series 7) license, as well as a combined state law registered invest-ment advisor representative (Series 66) license and a Texas Life & Health insurance agent license (Group1).

Van Grevenhof earned a BBA de-gree in finance from Pittsburg State University in KS.

The new Fort Worth location is the Community Bank’s 10th branch Q

Van Grevenhof Named VP, Community in Fort Worth

April 20, 2009 BANKERS DIGEST Page �

p e o p l e TeXAS

Broadway National Bank, San Anto-nio, has announced the promotions of Roman Rodriguez, Judith Kemple Wheeler, and Tammy Elmore to as-sistant vice president.

Rodriguez serves as system ad-ministrator I in the information tech-nology department.

He joined Broadway Bank as a tell-er in 1993. He was promoted to com-puter/communication technician in 1996, help desk administrator in 1998, the officer position of network analyst in 2000, and in 2007 to system admin-istrator I. He holds the State of Texas certified public manager certification.

Wheeler serves as an investment trading officer / fixed income trader in the investment management group of the wealth management division.

She joined the bank in 1996, serv-ing at Eisenhower Bank, the military division of Broadway. In 1999, she transferred to Broadway as a trust administrative assistant. In 2001, she was promoted to trading officer in Broadway’s former subsidiary, Broad-way Brokerage Services Inc., and in 2005 she was promoted to brokerage trading manager. She joined the in-vestment management group as in-vestment trading officer / fixed income trader in March 2006.

Wheeler earned a BBA degree in fi-nance from The University of Texas at San Antonio.

Elmore serves as payroll and ben-efits manager in the human resources department. She joined Broadway in 2007 as payroll supervisor. Prior to her employment with Broadway, she was employed with Firstmark Credit Union as senior payroll/accounting and benefits administrator. She has over 10 years experience with payroll, accounting, benefits, and 401(k) ad-ministration Q

Broadway Ups Rodriguez, Wheeler, and Elmore to AVP

The University of Louisiana at Lafay-ette Alumni Association will honor James Hubert “Red” Dumesnil dur-ing its thirteenth annual Spring Gala, May 9, at the UL Alumni Center. A respected banking executive, Du-mesnil began his 40-year plus banking career at Guaranty Bank & Trust Co. in 1957 and retired as chairman emeritus of Bank One Acadiana Region in 1998. He has remained active in the banking community and served on many local, state, and national credit associations with his expertise as a commercial loan officer. His civic and religious service has been extensive, including service with the Chamber of Commerce and Loui-siana Association of Business and In-dustry (LABI). He graduated from SLI in 1952 in business administration degree and earned a master’s degree in econom-ics from LSU in 1954. He is a military veteran, having served two years in the Korean conflict. A long-time member of the UL Alumni Association, Dumesmil and his wife Ger-trude established the Hubert “Red” and Gertrude Dumesnil/BORSF Endowed Professorship in Economics in 2006 Q

American Bank & Trust Company in Opelousas has announced that Valer-ie Mouton Thibeaux has been named assistant cashier and loan officer. She has over 10 years of banking experience. In her new position she will specialize in consumer lending. She joined American Bank in Febru-ary 2009. Thibeaux received a bachelor of lib-eral arts degree in mass communica-tions and a minor in finance from UL. She serves her community as a co-ordinator for United Blood Services of Louisiana Q

American Opelousas Taps Thibeaux Asst Cashier/LO

Whitney National Bank, New Orleans, has announced recent officer promo-tions. Promoted to assistant vice presi-dent are: Sheila Clark, Debra Clem-ent, Norman E. Madere, Dawn Staf-ford, and Gerald Vedros. Promoted to banking officer are: Breanna B. Bergeron, Kathleen S. Guillot, and Ethel Palmer Q

Whitney National Bank Reports Officer Promotions

loUISIANA“Red” Dumesnil Honored By UL Alumni Association

www.bankersdigest.com

Slay Cashes NotesTexas Collateral.

Please no out of state.1-800-856-9400


p e o p l e

Steve Jones has been named senior vice president and loan officer for Pur-cell-based First American Bank at the Woodward Banking Center at 2220 Oklahoma Ave.

Prior to joining the bank, Jones served as CFO for RB&J Materials, an oilfield company in Woodward. He has 30 years of banking experience.

Jones graduated from Southwest-ern Oklahoma State University in 1979 with a BS degree in mathemat-ics.

He is active in civic and communi-ty activities and serves as chairman- elect of the Woodward Chamber of Commerce Q

First American Taps Jones SVP in Woodward

Jones

First Fidelity Bank, N.A., Oklahoma City, has named Heather Baxter of-fice manager of the bank’s Northwest Expressway office at 5563 NW Ex-pressway in Oklahoma City. She has more than eight years of banking ex-perience. She previously served as the cus-tomer service manager for San Franci-so, CA-based Bank of the West, man-aging all aspects of customer service and new employee training in Okla-homa City. She earned a bachelor’s degree in business from the University of Cen-tral Oklahoma Q

oKlAHoMA

ARIZoNA

Baxter Named Office Mgr,First Fidelity, Oklahoma City

MidFirst Taps Altieri for SBA Lending, Ups Engelhard MidFirst Bank in Phoenix has an-nounced that Tom Altieri has been named first vice president in its business banking department with his responsibilities focused on SBA lending. He started at MidFirst Bank in February and serves at the bank’s downtown office at 40 North Cen-tral Avenue in the Two Renaissance Square tower. Altieri holds a bachelor’s degree in accounting from Arizona State Uni-versity. MidFirst also announced the promo-tion of Valerie Engelhard to assistant vice president and interiors project manager in the Arizona development department. She is responsible for managing the interior furnishings for the bank’s facilities. Engelhard started at MidFirst in July 2006 as an assistant banking center manager before moving into the de-velopment group. MidFirst Bank, headquartered in Oklahoma City, is the third largest privately owned bank in the nation. Currently, MidFirst has four banking centers open in Phoenix and plans to open 13 new banking centers in the Phoenix market during 2009 Q

Regent Bank Names Adkins EVP, Rector SVPRegent Bank, Nowata, has named Bruce Adkins executive vice president of commercial lending and director of private banking. Adkins has more than 30 years of banking experience.

Chris Rector has been named senior vice president of commercial lending and director of real estate lending. Rector has 11 years of experi-ence in the banking industry.

Adkins and Rector serve at the bank’s first banking center in Tulsa opened in August 2008 at the Execu-tive Center I. They joined the bank to lead the private banking and real es-tate lending divisions, respectively.

Regent Bank also has locations in Nowata and South Coffeyville in northeast OK.

The bank is owned by Regent Capital Corp., which was organized by Sean Kouplen, CEO, and Dow Hughes, chairman, and a group of 70 investors Q

April 20, 2009 BANKERS DIGEST Page �

p e o p l e

Regions Taps Behring VP, Hoey & Wofford Bus BankersErin Behring has been hired as vice president and senior trust administra-tor at Regions Morgan Keegan Trust in Little Rock. He is a graduate of the University of Arkansas at Little Rock and previously worked at a law firm in Little Rock. Doug Hoey has been named busi-ness banking relationship manager at the main Little Rock office of Regions.Before joining Regions in 2007, he was an attorney working on business transactions. William Wofford also has been named business banking relationship manager at Regions’ main Little Rock office. He is a 10-year banker Q

Little Rock Banker William Michael Bassett Dies at Age 53William Michael “Mike” Bassett, 53, died suddenly on March 12 at Baptist Hospital in Little Rock.

The Little Rock mortgage banker was born March 7, 1956, in Memphis, TN, and was raised in Walnut Ridge. He graduated from the University of Arkansas in 1979 and was known as a enthusiastic Razorback fan.

Bassett was employed for many

ARKANSAS

years in banking and mortgage lend-ing, both in northwest AR and Little Rock. He was a vice president and mortgage loan officer with Searcy-based First Security Bank in Little Rock at the time of his death. He served at the bank’s primary Little Rock office at 17810 Cantrell Rd. According to the bank, he had served at the Little Rock location for the past four years Q

IBERIABANK Coporation, Lafayette, LA, has announced that it will change the name of Pulaski Bank and Trust Company, Little Rock, to IBERIABANK fsb, effective May 4. The bank holding company has also decided to change the name of Pu-laski Mortgage Company, a subsidiary of Pulaski Bank, to IBERIABANK Mort-gage Company. The name changes provide com-mon branding across the company’s expanding footprint in nine states. On January 31, 2007, the company acquired Pulaski Investment Corpora-tion, the holding company for Pulaski Bank and Trust Company. The next day, it acquired Pocahontas Bancorp Inc., the holding company for First Community Bank, Jonesboro. On May 9, 2008, the company acquired certain assets and assumed certain liabilities of ANB Financial, N.A., Bentonville. The company has folded these organi-zations under the Pulaski Bank name. IBERIABANK Corp. recently an-nounced plans recently to open full-service offices in Mobile, AL, and Houston, TX. The expansion, using the thrift charter under IBERIABANK, fsb, name, will allow the company flexibility to grow quickly into new markets, CEO Darryl Byrd said in a news release Q

Pulaski Bank Changing Name to IBERIABANK fsb

NeWSWATCH

Steve HandkePresident & CEO

Union State BankEverest, Kansas

“Our electronic payments are

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For more information about SHAZAM, visit us at www.shazam.net or call (800) 537-5427.

shz_0109_bankersdigest_bw.indd 1 12/29/2008 4:36:36 PM

Page � BANKERS DIGEST April 20, 2009

N e W S W A T C H TeXAS

According to a news release, First Fi-nancial Bankshares Inc., Abilene, sold $73.7 million in student loans to the U.S. Department of Education - for the first quarter of 2009 - on April 3. The financial holding company recorded a pretax gain of $616,000, excluding ex-penses.

The figure represents about 86% of its student loan portfolio.

F. Scott Dueser, president and CEO of First Financial Bankshares, told the Abilene Reporter-News he is dis-appointed his company will no longer service students.

“We’ve been supporting ACU, HSU and McMurray for over 35 years,” Due-ser said. “The federal government stopped the profitability mainly be-cause they want banks out of the pro-gram.”

First Financial anticipates selling the remaining portfolio in the second or third quarter of this year, the news release said.

The company has reported a steady decline in the “gain on sale of student loans” as part of its noninter-est income for the past three years. In its 2008 annual report, the company reported it sold $63 million in student loans and reported a gain on the sales of $1.675 million compared to $64 mil-lion in sales and a gain on the sales of $1.913 million in 2007 Q

First Financial Suspends Student Lending ProgramAmerican National Bank of Texas

(ANB), based in Terrell, broke ground on April 8 for its new 17,000 square-foot Dallas office build-ing located at the NWC of Oak Lawn Ave. and Brown St. The decision to build the new facility in the Uptown/Design Center/Stem-mons Corridor neighborhood was spurred by ANB’s 2008 purchase of Dallas National Bank, an 11-year-old community bank located at 2725 Tur-tle Creek Blvd. less than one mile from the new building. ANB will relocate the Turtle Creek Blvd. branch in the first quarter of 2010, after construction is finished on the new facility. Lynn Prude, ANB regional president

American National Bank of Texas Breaks Ground in Dallas

JP Morgan Chase Bank plans to remod-el 900 former WaMu branches, effective immediately, in an effort to return the branches to a traditional banking look, according to an article by Robin Sidel in The Wall Street Journal. The remodeling will take about two weeks per branch, with much of the work done at night. The project is ex-pected to take until October 2009 to complete. About 1,000 of WaMu’s 2,200 branch-es are laid out in the concept the com-pany patented in 2004 under the name “Occasio,” which means “favorable opportunity” in Latin. Chase plans to

close about 100 Occasio branches. WaMu spent about $1 billion on the Occasio warm and fuzzy retail-banking look when the times were good for the Seattle-based thrift. The traditional Chase floor plan provides for customers to enter the branch and wait in line for a teller to assist with a transaction. At the Oc-casio branch, a customer would be di-rected to a teller in the center of the branch, and cash would be dispensed by a machine. The Chase renovations will free up space for bankers to cross-sell other banking products and services Q

Chase to Return WaMu Branches to Traditional Bank LookBRANCH BANKING

for Dallas County, told a gathering at the ground breaking, that the new

building will serve as headquarters for ANB’s Dallas County operations. The bank will ini-tially occupy the first floor (about

8,500 square-feet) with a traditional retail-bank branch. Commercial lenders and treasury and wealth management personnel will also office at the location. The top floor of the two-story facility will be initially available for lease. Houston-based McCleary German Architects designed the new building. ANB, founded in 1875, reports $2 billion in assets and 35 full-service lo-cations throughout North TX Q

Building Rendering

Community National Bank, Midland, Celebrates 25thOn January 1, 1984, organizers opened Community National Bank, Midland, with $2 million in capital, at 601 E. Flor-ida. Today, the bank reports over $580 million in total assets, $519 million in total deposits, and equity capital in ex-cess of $58 million. Community National has grown to 12 locations: nine in Midland, two in Odessa, and one in Stanton. Jeb B. Hughes serves as CEO. According to the Texas Banking Red Book 1984-1985 edition, current direc-tor Kenneth A. Peeler was chairman of the board, and current senior vice president/cashier Elizabeth A. Har-rell served as cashier Q

Helping bankers avoid surprises by taking the initiative in the following areas since 1987:

• Regulatory Compliance Audits• BSA/AML Reviews• Correcting Deficiencies/Examiner Criticisms• Independent Loan Reviews• Internal Controls Audits – from a banker’s perspective• Management StudiesRaymond Huston, President - Bill Korndorffer, Director of Loan Review

Darlia Fogarty, Director of Regulatory Compliance and Internatl Controls Audit

Houston 713-972-1300 - 800-972-1307 - Plano 214-227-1301

The Bankers advantage GroupI N C O R P O R A T E D


C h a r t e r

a c t i v i t y

R e G U l A T o R S

ArizonaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has ap-proved applications by Wells Fargo Bank, N.A., Sioux Falls, SD, for branch-es: Happy Valley Rd. & Lake Pleasant Rd., Peoria, and 3102 E. Camelback Rd., Phoenix.ArkansasMERGERS AND ACQUISITIONS The OCC has reported the merger of First National Bank of Altheimer with and into Ozark Heritage Bank, N.A., Mountain View, was effective March 31. The ARKANSAS STATE BANK DE-PARTMENT has filed an application by Southern Bancorp Bank of Arkan-sas, Arkadelphia, for the merger of Timberland Bank, El Dorado, with and into Southern Bancorp of Arkansas, Arkadelphia.OklahomaCHARTERS The OCC has reported a state to na-tional conversion application for Her-itage Trust Company, Oklahoma City, to convert to Heritage Trust Company, N.A., Oklahoma City, has been with-drawn.BRANCHES The OCC has approved an applica-tion by The City National Bank and Trust Company of Lawton for a branch at 209th and Kenosha, Broken Arrow.

TexasCHARTERS The TEXAS DEPARTMENT OF BANKING has approved an applica-tion for Houston Business Bank, 1535 W. Loop S., Houston. Contact is Larry Temple, 512/477-4467. The FEDERAL RESERVE BANK OF ATLANTA has filed an application by Compass Bank, Birmingham, AL, for a branch at 9400 E. Robson Blvd, Den-ton. The OCC has approved an applica-tion by Community Bank of Texas, N.A., Beaumont, for a branch at 7410 Hwy. 105, Beaumont. The OCC has received an application by The First National Bank of Wood-sboro for a branch at 403 S. Alamo, Refugio. The OCC has approved an applica-tion by Wells Fargo Bank, N.A., Sioux Falls, SD, for a branch at 5009 Teasley Ln., Denton. The OCC has approved applica-tions by JP Morgan Chase Bank, N.A., Columbus, OH, for branches: 1001 S. Crowley Rd., Crowley; 1800 Precinct Line Rd., Hurst; and 421 Alta Mere Dr., Fort Worth.MERGERS AND ACQUISITIONS The OCC has approved an affiliate merger application by Wells Fargo Bank, N.A., Sioux Falls, SD, for the merger of Century Bank, N.A., Texar-kana, with and into Wells Fargo Bank, N.A., Sioux Falls.CHANGE IN CORPORATE TITLE The OCC has reported the change in corporate title for The First National Bank of Linden to Texana Bank, N.A., Linden, was effective March 31 Q

Cape Fear Bank, Wilmington, NC, was closed on April 10 by the North Caro-lina Office of Commissioner of Banks, and the FDIC was appointed receiver. The FDIC entered into a purchase and assumption agreement with First Fed-eral Savings and Loan Association of Charleston, SC, to assume all of the deposits of the failed bank. Cape Fear’s eight offices were to re-open on April 13 as branches of First Federal. As of March 31, 2009, Cape Fear had total assets of approximately $492 million and total deposits of $403 mil-lion. First Federal also agreed to pur-chase approximately $468 million in assets. First Federal and the FDIC en-tered into a loss-share transaction on approximately $395 million of Cape Fear’s assets. The FDIC estimates the cost to the Deposit Insurance Fund will be $131 million. Cape Fear Bank is the 22nd bank to fail in the nation in 2009. New Frontier Bank, Greeley, CO, was closed April 10 by the State Bank Commissioner, by order of the bank-ing board of the Colorado Division of Banking, and the FDIC was named re-ceiver. The FDIC created the Deposit Insurance National Bank of Greeley (DINB), which will remain open for approximately 30 days to allow de-positors time to open accounts at other insured institutions. At the time of closing, the FDIC immediately transferred to the DINB all insured deposits of New Frontier, except bro-kered deposits, CDs, and IRAs, and all secured public unit deposits. Brokered deposits, CDs, and IRAs are not part of this transaction. The FDIC will mail checks to non-brokered customers and pay the brokered de-posits directly. Bank of the West, San Francisco, CA, was contracted to provide operational management of the DINB. As of March 24, 2009, New Frontier had total assets of $2.0 billion and to-tal deposits of about $1.5 billion. The FDIC estimates the cost to the DIF to be $670 million. New Frontier is the 23rd bank to fail in 2009, and the second bank to fail in CO this year Q

Banks in North Carolina & Colorado Fail, 23 Total YTD


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Dallas area community bank look-ing for TREASURY MANAGEMENT SALES AND OPERATIONS PROFES-SIONAL. Growth opportunity, excel-lent systems, competitive compen-sation. EOE. Send your resume to [email protected]. BUSINESS BANKER needed for strong, growing community bank in north San Antonio. Must have ex-perience in small business lending and exceptional business develop-ment skills. Please email resume to [email protected] or fax to 432/368-3709.

PART-TIME INTERNAL AUDITOR - a growing commercial bank head-quartered in West Houston is seek-ing a part-time Internal Auditor. For consideration, please submit your resume to Box A-1, [email protected].

Treaty Oak Bank is a community bank in Austin Texas. We have an immediate opening for a LOAN OP-ERATIONS MANAGER with exten-sive experience processing both commercial and real estate loans. If you are interested and have ex-perience in both areas, please send your resume to myjob@treatyoak-bank .com. We will only respond to qualified candidates.

MARKETING DIRECTOR for pro-gressive NW Arkansas community bank: Responsible for direction and oversight of bank’s marketing plan. Duties include advertising, public relations, brand recognition, spe-cial events coordinator, and product promotions. Prior bank marketing experience preferred. Competitive compensation and benefits. Contact Diane McClelland, P.O. Box 309, Eu-reka Springs, AR 72632.

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side a financial institution vault, be-hind a 12-inch thick vault door with reinforced concrete and steel walls. In addition, it is protected by a state-of-the-art security system that is closely observed 24-hours a day by a bonded and professional security monitoring company. Popular Misconceptions There are several misconceptions surrounding safe deposit boxes that should be dispelled. First, there are no state or federal laws that restrict the storing of cash, coins, or precious metals in a safe deposit box. Such

laws would prove futile since they could never be enforced. Box con-tents are always confidential, their nature known only to the renter. No financial institution can or should have this knowledge. Second, if an in-stitution fails, safe deposit boxes are still secure. In the majority of cases, a troubled financial institution is usu-ally acquired by another bank or credit union, in which case, it’s business as usual. In the event that a failed insti-tution is taken over by regulators, each box renter will be notified that his safe deposit box contents needs to be re-trieved. In a worst-case scenario, the

financial institution is permanently closed. Then, a list of contact num-bers will be supplied to all box rent-ers. Simply making an appointment is all that would be required for box contents removal. Under no circum-stances will safe deposit box contents ever be seized or impounded by the institution or the regulators. Are My Valuables Safe? Neither a home safe, regardless of its size or cost, nor a safe deposit box housed in the most secure vault can always protect against terrorism or the ravages of natural or man-made disasters. Hurricanes Katrina and Ike caused the flooding of over 250 vaults. However, both renters and homeown-ers can take precautions to protect their property. It is recommended that all items stored in a box or a home safe be sealed in airtight plastic bags or watertight containers to minimize the risk of water damage This brings us to the third miscon-ception. A box renter should always be aware that safe deposit box contents are not insured by FDIC or NCUA, nor by their financial institution in whose vault the box is secured. To protect valuables against loss, renters might consider attaching a rider to their homeowner’s policy, known as a Per-sonal Articles Floater. The premiums for this insurance coverage are very reasonable, and this protection offers peace of mind to these renters. In ConclusionIn today’s uncertain economy, con-sumers are asking some very difficult safe deposit questions. To avoid liabil-ity, financial institutions must be very careful when providing safe deposit le-gal and security advice. Adherence to employee training must be followed to the letter. For more information, con-tact Dave McGuinn at 713/937-9929 or visit www.sdspec.com Q

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