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Home BancShares Inc. of Conway, AR, announced July 8 that Brian S. Davis has
been elected chief financial officer, trea-surer, and di-rector of Home B a n c S h a r e s and its wholly-owned subsid-iary, Centen-nial Bank. Davis re-places Randy E. Mayor, who
is retiring after more than 16 years with the company. Mayor is also retiring as a director of the boards of directors for Home BancShares and Centennial. “Davis has been with the company for 11 years, and has been an integral part of our management team dur-ing the majority of our transformative events, including the company’s initial public offering in 2006, the company’s charter consolidation, and 17 of our 18 acquisitions,” Chairman John Alli-son said in a news release. The company also named Jennifer C. Floyd to succeed Davis as the chief accounting officer and investor rela-tions officer for Home BancShares. Floyd was also elected chief account-ing officer of Centennial Bank. Floyd, a CPA, joined the company after a 17-year career with Deloitte & Touche LLP. She is a graduate of Hard-ing University in Searcy, AR Q
Volume 147, No. 3July 20, 2015 www.bankersdigest.com
Published weekly on Mondays except fifth Mondays
The Independent Bankers Association of New Mexico (ICBA/NM) has an-nounced its 31st annual membership meeting is set for July 30-August 2 at The Lodge at Sierra Blanca/Conven-tion Center in Ruidoso. Activities begin on Thursday after-noon, July 30, with registration and a welcome reception. NM Gov. Susana Martinez will offer remarks after the opening dinner. She will provide an update on the two legislative sessions held in 2015 and on what lies ahead. On Friday morning, four education sessions will feature speakers: Esther George, president/CEO of the Federal Reserve Bank of Kansas City; Jim Reber,
Lockhart Banker Sheffield Is 2015-2016 Chairman, IBAT Leadership Division BoardThe Leadership Division of the Indepen-dent Bankers Association of Texas (IBAT) elected new board officers and directors in June dur-ing the 30th Annual IBAT Leadership Conference held in San Antonio. The board’s executive committee will be led by Chairman Mark Shef-field, chief operations of-ficer and executive vice president at First Lockhart National Bank, Lockhart. Other executive board members named include: Chairman-Elect, Doak Crabtree, president at Happy State Bank, Strat-ford; and Secretary-Treasurer, Hazem Ahmed, executive vice president at Integrity Bank, Southeast Houston. Immediate Past Chairman is Michael Moores, executive vice president,
chief lending officer, and board mem-ber at Citizens National Bank, Hen-
derson. The IBAT Leadership Di-vision is divided into 13 dis-tinct regions. Several new board members were elected to represent their regions. Peter Smith, Happy State Bank, Lubbock, Region 2 director; Christy Hester, Texas Bank and Trust Co., Longview, Region 5 director; and Bobby Priestley, First Lockhart National Bank, Austin, Region 13 director.
Also, Brett McDowell, Centennial Bank, Lubbock, and Brian May, Pio-neer Bank, SSB,Dripping Springs, now serve as at-large banker directors. Cody Yanchak, First American Pay-ment Systems, was elected as at-large associate member director Q
Davis Elected CFO Home BancShares
DavisSheffield
Bankers Digest changed to a new website service provider effective July 15. This should
resolve website accessibility issues.
Independent Bankers In New Mexico to Gather in Ruidoso for 31st Annual Meeting
ICBA Securities; Tom Miller, SHAZAM; and Andy Barksdale, TRUPOINT Part-ners Inc. The afternoon education ses-sion will feature speaker attorney Wil-liam J. Arland III. ICBA Past-Chairman and NY bank-er John Buhrmaster will offer remarks following the annual membership lun-cheon. Afterwards, the ICBA/NM Lega-cay Award presentation is scheduled. The ICBA/NM annual membership meeting/election of officers will round out Friday's official business. A golf tournament and annual membership banquet are set for Sat-urday. The convention will conclude on Sunday morning after breakfast Q
Page 2 BANKERS DIGEST July 20, 2015
The Independent Bankers Association of Texas (IBAT) honored Angie Brown, senior vice president at First National Bank of Giddings, with its 2015 Excel-
lence in Leader-ship Award. Brown was presented this prestigious award during the IBAT Leadership Confer-ence held in June in San Antonio. To be consid-ered for the Excel-lence in Leadership
Award, one must be a member of the IBAT Leadership Division, must dem-onstrate a long history of personal com-mitment to and financial support of the 625-member division, and be dedicated to the development of tomorrow’s lead-ers in community banking. Recipients of the award must selflessly donate their time to promote, support, and serve TX independent bankers. Brown, a board member of the Lead-ership Division since 2004, served as president from 2011-2012. She helped the Division evolve into the 13 regions it has today. In addition to participat-ing in the IBAT congressional visits in Washington, D.C. to promote commu-nity banking, she also attends IBAT re-gional meetings and Leadership Divi-sion regional meetings Q
P E O P L E TEXAS
Bankers Digest®
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Anderson
Charles G. Cooper, Texas Banking Commissioner, announced the ap-pointment of Jeff Anderson as the
Lubbock Regional Director of the Bank and Trust Di-vision. Anderson replaces J.W. Holt who recently re-tired. As regional di-rector, Anderson will be responsible for the bank super-visory activities of
the Lubbock Regional Office and its 16 field examiners. The Lubbock Re-gion, which is also referred to as the West Texas Region, includes the major cities of Lubbock, Amarillo, Midland, Odessa, Abilene, Wichita Falls, and El Paso, as well as a number of small rural towns. The region is home to 64 state-chartered banks that control approxi-mately $22 billion in banking assets.
Anderson Named Lubbock Regional Director
Daniels
Anderson’s responsibilities will re-quire close coordination with federal regulatory authorities as well as the agency’s other three regional offices. Anderson is originally from Lub-bock and is a graduate of Texas Tech University. He began his service with the department in 1986 as an assistant bank examiner stationed in Lubbock. He left the department in 1991 to pur-sue a banking career and returned in 2011. Prior to his appointment, he served as a senior examiner assigned to the Lubbock Regional Office. The Texas Department of Banking Bank and Trust Division examines and supervises about 300 banks in TX Q
In This Issue...Risk Elements that Management Should Know and Boards Should Be Asking, Part II Feature..............................................3
Newswatch...................................7,8
Charter Activity..............................9
Classified.......................................10
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Daniels Named SVP, Bank SNB in AustinBank SNB, Austin, welcomes Drew Daniels as a senior vice president,
mortgage sales manager. He will help expand Bank SNB mortgage offerings into TX markets and man-age the mortgage team across the state. Daniels has served more than
35 years in the financial services in-dustry across many departments. He has previous involvement with the Mortgage Bankers Association and Austin Board of Realtors QGiddings Banker Brown
Receives IBAT Award
Brown
July 20, 2015 BANKERS DIGEST Page 3
• Direction of Risk. Risk direction is an often-overlooked factor in many risk assessments. Incorporating the direction of risk into a risk assess-ment provides better information for understanding risks over time. Using a methodology such as decreasing, stable, or increasing risk for each area assessed adds an element that helps management understand changes in the risk environment and perhaps the need to apply different strategies and resources to mitigate risk from in-creasing or decreasing threats. Including direction in the risk as-sessment will give management and boards more insight by show-ing changes in the direction of each risk since the last update to the risk assessment. To further improve the analysis of risk direction, it is helpful to document the last time each risk factor’s direction changed and why it changed. If a risk factor has had the same risk direction for a number of years, it may indicate the information is stale, and further scrutiny may be
ByBruce Zaret, CPA, and
Michael Winters, CIA, CISA, CRCMwww.weaver.com
RISK MANAGEMENTRisk Elements that
Management Should Know and Boards Should be Asking,
Part II
Zaret
Winters
This article is the second in a three-part series on risk management. Part I of this series fo-cused on risk cul-ture and the risk management sys-tem. Part II focus-es on Understanding Inherent Risk, Resid-
ual Risk, and Direction of Risk. There is an ever-increasing focus in the financial industry on cre-ating, improv-ing, and expand-ing internal risk a s s e s s m e n t s . Banks are told by examiners and consultants to create a risk as-sessment for just about every regu-lation and business process imagin-able. The average community bank may have dozens of individual risk as-sessments prepared, board approved, and ready to hand off to whichever third party is asking. With so much fo-cus on creating compliant risk assess-ments, the value of the assessment process can be overlooked. It is impor-tant to remember that the underly-ing purpose of the risk assessment process is to assist management in identifying risks and deploying an ap-propriate response plan. The following are risk concepts management should know and ques-tions boards should be asking about how risk assessments are prepared and ways they should be used. • Inherent and Residual Risk. When reviewing a risk assessment, it is im-
portant to know whether it is based on inherent risk, residual risk, or both. Inherent risk views the risk in the ab-sence of any actions management takes to alter either the risk’s likeli-hood or impact. Residual risk views the risk remaining after management’s re-sponse, sometimes viewed as the con-trol risk. Stated another way, inherent risk – control risk = residual risk. When reviewing or updating a risk assessment, an important question to ask is whether the risk assessment was prepared using inherent or resid-ual risk methodology. Management may believe it has prepared an inher-ent risk assessment and upon further discussion learn the assessment took into consideration internal controls, though inadvertent, when determin-ing the assessment rating, thus the risks presented are residual. If the concept is consistently applied, the risk assessment is still useful, though the reader should understand the as-sessment ratings are lower than they would be if a true inherent risk assess-ment was performed.
F E A T U R E
(continued on Page 12)
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Page 4 BANKERS DIGEST July 20, 2015
Broadway Bank, San Antonio, has an-nounced recent officer promotions.
Tom Brown has been named se-nior vice president in the information technology depart-ment. He joined the bank in 2005 and has more than 20 years of experi-ence in the IT field and the banking
industry. He will continue to manage the client support teams, including ap-plication specialist, help desk, techni-cian, analyst, and ATM hardware support teams. He has a BS degree in economics from Texas A&M University and a certi-fication from the Graduate School for Texas Savings and Community Bank-ers at The University of Texas. Paul Guido has been promoted to vice president, senior network se-curity engineer in the IT department. He joined Broadway in 1998 as a sys-tems administrator. A San Antonio na-tive, he has 21 years of experience as a computer systems professional with experience as a systems engineer. Angie Martin has been promoted to vice president, deposit review offi-cer in the deposit operations depart-ment. She joined the bank in 1981 as a teller and was most recently an AVP, document compliance officer. Logan Bowen has been promoted to assistant vice president, assistant relationship manager in the middle market commercial banking division. He joined the bank in 2014 as a com-mercial credit analyst II in the credit department. He has a BA degree from Texas A&M University and an MBA de-gree in finance from The University of Texas at San Antonio. Brian Gleinser has been promot-ed to assistant vice president, client support analyst II, technician super-visor in the IT department. He joined Broadway in 2007. Rene Kraus has been promoted to client support analyst-communications and named a bank officer in the IT depart-ment. He joined Broadway in 2001 Q
at the BancorpSouth office at 8410 Hwy. 90A, Ste. 10, Sugar Land (LPO
opened in the fall of 2014). Maldo-nado has 33 years of experience in commercial real estate lending and municipal lend-ing. Prior to join-ing BancorpSouth, he served in those fields of expertise
with a local community bank as a se-nior vice president. BancorpSouth Houston Market President Steve Smith said, “Ruben’s years of experience and knowledge of the Sugar Land and Houston market areas ...” make him a perfect fit for the Sugar Land team. Maldonado is from Galena Park and is a graduate of the University of Hous-ton with a BBA degree in accounting. He is a member of the Urban Land In-stitute and the Coastal Conservation Association. BancorpSouth, a financial holding company headquartered in Tupelo, MS, with approximately $13.1 billion in assets, operates 22 TX offices Q
BancorpSouth’s Central Texas Region President Mike Meyer has announced
the addition of two senior com-mercial lenders in the region. Tom Hourin has been named senior vice presi-dent and commer-cial lender at the 11612 Bee Caves Rd. office (LPO
opened in the fall of 2014) in Austin. He takes 25 years of banking experi-ence to the position. Prior to joining BancorpSouth, he served with a local community bank as a commercial real estate lender. Hourin is originally from Ellenville, NY, and graduated from Georgetown University in Washington, D.C., with a degree in government. He is a mem-ber of the Urban Land Institute, the Real Estate Council of Austin, and the Austin Apartment Owners Asso-ciation. He volunteers with the Lake Travis Youth Association. Meyer has announced the addition of Ruben H. Maldonado as senior vice president and commercial lender
P E O P L E TEXAS
Hourin and Maldonado Join BancorpSouth as Senior Vice Presidents in Austin and Sugar Land
Hourin
Broadway Reports Officer Promotions in San Antonio
Maldonado Brown
July 20, 2015 BANKERS DIGEST Page 5
John Cowan has joined Kilgore-based Citizens Bank as vice president, agri-cultural and com-mercial loan offi-cer working out of the Bryan/College Station Banking Center, said Sam-my York, presi-dent/ CEO of the $400 million-asset community bank. Cowan has over 23 years of specialized agriculture lending experience in credit adminis-tration, portfolio management, as well as the origination and servicing of
serve a six-year term from 2015-2021. Huckabay has served with All Amer-ica Bank, formerly known as Bank of the Wichitas, since 1988 and as president/CEO since 2005. Brewster joined First National Bank in 1987 and has served as president/CEO since 1999. In addition, the Bankers Bank has announced that Greg Gar-land, president of First Bank & Trust Company, Lubbock, TX, has been named chairman of the board of directors for the current year. He has served with First Bank since it opened its doors in Lubbock in 1996. The Bankers Bank opened for busi-ness in 1986. It has 102 community bank owners and provides products and services to more than 300 com-munity banks Q
The Bankers Bank, Oklahoma City, has announced two additions to its board of directors: Todd Huckabay, CEO of All America Bank, Snyder, OK, and Herschel Brewster, presi-dent/CEO of First National Bank and Trust Com-pany of Weather-ford, Weatherford, OK. Huckabay and Brewster will each
The Federal Reserve Bank of Dallas has appointed Marcus Propps opera-tions officer. He will be responsible for the bank’s cash department. He has served as manager of the Eleventh Federal Reserve District’s cash support office since 2013. He be-gan his career with the Dallas Fed in 2000 and has held a variety of management positions with-in the cash department. He holds a bachelor’s degree in finance from Oklahoma State University Q
P E O P L E TEXAS
Cowan
Propps
Huckabay Brewster
Garland
OKLAHOMACowan Joins Citizens Bank Bryan/College Station Office
Bankers Bank Elects Elects Huckabay and Brewster to Board of Directors, Names Garland 2015-2016 Chairman
complex agricultural loans. He most recently served as Farm Loan Special-ist with the USDA Farm Service Agen-cy in College Station. A native of Little River, TX, Cowan graduated from Texas A&M University with a BS degree in agricultural eco-nomics. As a strong advocate for com-munity involvement, Cowan is past president and a member of the board of directors for the Brazos County A&M Club, past president of the Texas Association of Credit Specialists, and past legislative committee member of the National Association of Credit Specialists Q
Propps Is Operations Officer, Federal Reserve Bank of Dallas
Chen Joins Citizens Bank of Edmond, Senior Marketing
OKLAHOMA
Citizens Bank of Edmond has hired Ann Chen to serve as senior market-ing officer, a position in which she will oversee the bank’s public outreach and marketing efforts, including man-aging its social media presence. Prior to joining Citizens Bank of Edmond, Chen served as the direc-tor of social media engagement at the Independent Community Bankers of America (ICBA) in Washington, D.C. Q
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Davis Kinard Knowlege Ma 14 4C.pdf 1 7/28/14 11:53 AM
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P E O P L E
Jason F. Tennant, EVP and chief lend-ing officer, Cornerstone Bank, Eureka Springs, has announced the appoint-ment of Autumn Hudgins to AVP/loan officer at the new office in Huntsville at 270 Curtis Hutchins Way. She will work with all phases of lending, with an emphasis on mortgage and consumer lending. She will also assist with pub-lic relations, product promotions, bank sponsorships, and community rela-tions for all of Madison County. Hudgins, who joined the bank in 2003, has served in various areas in-cluding deposits, loans, and market-ing. Prior to this promotion, she was the administrative assistant to the president and CEO. Hudgins earned a degree in adver-tising and public relations from East Central University in Ada, OK, in 2000. She is an alumni of Carroll County Leadership and volunteers for Ameri-can Cancer Society Relay For Life in Carroll County and as a board mem-ber for the Single Parent Scholarship of Northwest Arkansas Q
ARKANSASLOUISIANAMidSouth Bank Taps Richard Manager, Delhomme Director Hudgins Appointed AVP/LO,
Cornerstone in Huntsville
Lambert and Welch Upped, State Bank Department
Shannon Richard has joined Mid-South Bank, N. A., as banking center manager of the Oil Center location at 320 Heymann Blvd. in Lafayette. The Lafayette native has 15 years of bank-ing experience, most recently serv-ing at Capital One Bank as assistant branch manager. She also previously served at IBERIABANK. Richard attended UL Lafayette and is a volunteer for Junior Achievement. MidSouth has also announced that Jake Delhomme has been elected to the board of directors for MidSouth Bancorp Inc. for a three-year term. Del-homme was first appointed to subsid-iary MidSouth Bank’s board of direc-
tors in 2013 and was reappointed to a second one-year term on the bank’s board in May 2015. He first joined the MidSouth Bank board as an advisory board member in mid-2012. Delhomme serves as a member of the director’s loan committee. Delhomme is a retired NFL quarter-back who played for the New Orleans Saints, Carolina Panthers, Cleveland Browns, and Houston Texans. Along with his brother and father, Delhomme spends his retirement from the NFL raising and training thoroughbred race horses and is first vice president of the Louisiana Thor-oughbred Breeders Association Q
Arkansas State Bank Department Commissioner Candace A. Franks has announced the promotion of Scott Lambert and Johnathon Welch to bank junior examiner. Lambert and Welch joined the State Bank Department on February 11, 2013, as bank examiner trainees. Lambert is assigned to one of two commercial examination groups based in Little Rock. He began his fi-nancial career in 2010 as a credit ana-lyst at The Farmers and Merchants Bank, Stuttgart. He earned a BS de-gree in accounting and a BS degree in marketing management from the Uni-versity of Arkansas. Welch is assigned to the com-mercial examination group based in northwest Arkansas. He began his fi-nancial career in 2011 as a trust coor-dinator at Merchants & Planters Bank, Newport. He graduated from the Uni-versity of Arkansas with a BS degree in accounting Q
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N E W S W A T C HTEXAS
The Independent Bankers Association of Texas (IBAT) honored the three win-ners of its coveted Five*Star Award at the 30th Annual IBAT Leadership Conference on June 12 in San Antonio. The winners include: Bank Compen-sation Consulting Inc. (Tier 1, 35 or less employees), CalTech (Tier 2, 40-180 employees), and First American Payment Systems (Tier 3, 181 or more employees), said Chris Williston, IBAT president/CEO. Since 2002, IBAT has recognized its associate members who routinely pro-vide not only excellent service but also innovative solutions that help commu-nity banks grow faster, enhance profits, and gain efficiency with the Five*Star Award. Criteria used to determine this year’s winners included service excel-lence, human relationships, integrity, commitment to the community bank-ing industry, and exceptional value to the banks they serve. Tier 1 winner Bank Compensation Consulting specializes in assisting fi-nancial institutions with the evalua-tion of their compensation programs by identifying deficiencies in their current programs, creating custom-ized plans, and offsetting the cost with Bank-Owned Life Insurance (BOLI). It also provides ongoing administrative support and guidance on these plans. Tier 2 winner CalTech specializes in optimizing technology for financial institutions by designing unique busi-ness-aligned IT strategies. With more than 25 years of experience in the fi-nancial services industry, CalTech’s services are designed to increase an institution’s profitability and efficien-cy while ensuring security. Finally, Tier 3 winner First American Payment Systems is an in-house pay-ment processor with a diverse prod-uct portfolio that includes credit card processing, point of sale equipment, check and ACH processing, gift card processing and much more. Its cus-tomized relationship model not only fits the bank’s vision but also extends the same level of support to custom-ers in the lobby Q
IBAT Honors Three Associate Members with Five*Star Award
Veritex Holdings Closes Independent Bank of Texas DealVeritex Holdings Inc., the holding company of Veritex Community Bank, N. A., (“Veritex”), both of Dallas, has acquired on July 1 IBT Bancorp Inc. (“IBT”), the holding company of Inde-pendent Bank of Texas (“Independent Bank”), Irving. The IBT acquisition marks the fourth transaction for Veri-tex since 2010 and its first since com-pleted its IPO in October 2014. Veritex, formed in 2010, has grown
to $808.9 million in assets as of March 31, 2015. Veritex Community Bank, N. A., has nine branch locations in the Dallas metropolitan area. Independent Bank, founded in 2003, is a $120.9 million commercial bank with two locations in the Dallas met-ropolitan area. Commerce Street Capital, LLC, Dal-las, acted as financial advisor to IBC Bancorp Inc. Q
suntrustrh.comDebt & Equity Capital Raising Mergers & Acquisitions Financial Risk Management Treasury & Payment SolutionsSunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries. Securities underwriting and M&A advisory services are provided by SunTrust Robinson Humphrey, Inc., member FINRA and SIPC. | Lending, fi nancial risk management, and treasury and payment solutions are o� ered by SunTrust Bank. | Deposit products are o� ered by SunTrust Bank, Member FDIC. © SunTrust Banks, Inc. All rights reserved.
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SunTrust Robinson Humphrey acted as Buy-Side Financial Advisor to AmeriBancShares, Inc.
March 31, 2015
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Page 8 BANKERS DIGEST July 20, 2015
N E W S W A T C H LOUISIANAARIZONA
Dickinson Financial Corp. Kansas City, MO, has merged its Phoenix-based SunBank, N. A., and its Tampa, FL-based Southern Commerce Bank, N. A., into its affiliate bank, Academy Bank, N. A., Colorado Springs, CO, ef-fective June 22. The merger triples the size of Acad-emy Bank, which now has approxi-mately $900 million in assets, $600 million in deposits, 95 branches in five states, and 600 employees. SunBank, N. A., formerly headquar-tered at 1607 W. Bethany Home Rd., was established in 2007. The bank re-cently reported $35 million in total as-sets and $25 million in total deposits. Dickinson Financial also announced the merger of its San Diego, CA-based Armed Forces Bank of California, N. A., with Armed Forces Bank, N. A., Fort Leavenworth, KS, and the transfer of 25 Armed Forces Bank branches lo-cated in Wal-Mart Stores to Academy Bank. Dickinson Financial is a $2 billion-asset bank holding company which now operates two bank charters: Academy Bank, N. A., a traditional community bank, and Armed Forces Bank, N. A., a military-focused com-munity bank Q
Phoenix-based SunBank Merges into Academy Bank
First National Bankers Bank Inks Deal for FL Bankers Bank
Armstrong Bank Completes Benefit Bank Conversion
First National Bankers Bank (“FNBB”), Baton Rouge, announced June 30 that it has entered into a definitive agree-ment to acquire Independent Bankers’ Bank of Florida (“IBBF”), Lake Mary, FL, a correspondent banker’s bank. The announcement was made by FN-BB’s Chairman Joseph F. Quinlan Jr. The definitive agreement that was announced will further expand FNBB across the Gulf South providing a new regional office location in Lake Mary, FL, and increasing FNBB’s customer base to over 800 financial institutions. Upon completion of the transaction FNBB will grow to approximately $1 billion in assets. Founded in 1984 in Baton Rouge, FNBB has grown rapidly during its 31-year history providing correspondent banking services to community finan-cial institutions across the southeast-ern U.S. FNBB currently has approximately $877 million in assets and seven of-fices servicing financial institutions in 13 states. Independent Bankers’ Bank of Flor-ida is a state-chartered, Fed member bank, which was established in 1983. It primarily serves community banks in FL, GA, AL, and SC. In a letter dated June 30, 2015, Jim McKillop, president/CEO of Bankers’ Bancorporation of Florida Inc., IBBF’s holding company, wrote to sharehold-ers, “The Bankers’ Bancorporation of Florida, Inc. (IBB holding company), whose primary asset is the stock of In-dependent Bankers’s Bank of Florida, has filed a Chapter 11 bankruptcy peti-tion on June 29, 2015 in U.S. Bankrupt-cy Court in Orlando for purposes of facilitating a merger agreement with First National Bankers Bank, Louisi-ana (FNBB) whereby the holding com-pany’s stock in Independent Bankers’ Bank of Florida will be transferrred to FNBB.” McKillop also wrote “once the merg-er agreement is completed, IBB will become the Florida Division of FNBB. We anticipate the entire transaction will close sometime in August or early September.” Q
OKLAHOMA
Over the recent Memorial Day week-end Muskogee-based Armstrong Bank replaced Benefit Bank signs in the Fort Smith, AR, area as part of a deal that could see Armstrong Bank rise to the top five in Fort Smith metro de-posit market share. Ironhorse Financial Group, a pri-vately held bank holding company and parent company of Armstrong Bank, ear-lier in May acquired Benefit Bank, which had four full-service branches in the Fort Smith area and an LPO in Springdale. Gary Andrews, Armstrong’s re-gional president over Fort Smith and Northwest AR, said in an article by Mi-chael Tilley in The City Wire, Armstrong Bank also will “investigate” new op-portunities in the “highly, highly com-petitive” Northwest Arkansas banking sector. Prior to the acquisition, Ben-efit Bank obtained state approval to convert its Springdale LPO into a full-service branch bank. Armstrong was able to retain that approval. “We’re going to go up there (North-west Arkansas) and try to carve out a niche and compete and do the best we can,” Andrews said. Former Benefit Bank customers have completed the conversion over to Armstrong Bank’s systems Q
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and into Bank of Commerce, Duncan.TexasBRANCHES The TEXAS DEPARTMENT OF BANKING has received an applica-tion by Frost Bank, San Antonio, for a branch relocation: from 100 E. Ander-son Ln. to 111 E. Anderson Ln., Austin. The TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LEND-ING has received an application by Third Coast Bank, SSB, Humble, for a branch at 1201 W. 15th St., Ste. 100, Plano.MERGERS AND ACQUISITIONS The TXDB has received an appli-cation by R Bank, Round Rock, for a merger with Schwertner State Bank, Schwertner Q
ArkansasCHARTERS The ARKANSAS STATE BANK DE-PARTMENT has filed an application by Ozark Heritage Bank, N. A., Moun-tain View, to convert to a state charter to be known as Stone Bank, Mountain View.BRANCHES The ARSBD has approved an ap-plication by The Bank of Augusta, Au-gusta, for branch at 411 Hartsfield Dr., Searcy. The ARSBD has approved an ap-plication by The Citizens Bank, Bates-ville, for branch at 1676 E. Joyce Blvd., Fayetteville. The ARSBD has filed applications by Bank of the Ozarks, Little Rock, for branches: SEC of Joyce Blvd. & Van-tage Rd., Fayetteville; SEC of SH 412 & Gutensohn, Springdale; and Lot 4, Ravenwood Development, Phase 3, Si-loam Springs. The ARSBD has filed an applica-tion by First Community Bank, Bates-ville, for branch at 306 Elder St., Bay. The ARSBD has filed an applica-tion by Arvest Bank, Fayetteville, for a branch relocation: from 812 Oak St. to 621 Oak St., Conway; preliminary ap-proval for a branch relocation: from 1550 Malvern Ave. to 2105 Malvern Ave., Hot Springs. The ARSBD has filed an applica-tion by Union Bank & Trust Company, Monticello, for a branch relocation: from 400 N. Main to 203 N. Martin, Warren. The ARSBD has filed an applica-tion by Southern Bancorp, Arkadel-phia, for a branch relocation: from 905 N. Broadway St. to 400 Second Ave., Shelby, MS.LouisianaBRANCHES The OFFICE OF FINANCIAL IN-STITUTIONS has approved an appli-cation by Business First Bank, Baton Rouge, for a branch at 435 Corporate Dr., Ste. 102, Houma. The OFI has approved an applica-tion by Sabine State Bank and Trust Company, Many, for a branch at 110 E.
Fifth St., Oberlin. The OFI has approved an applica-tion by First Guaranty Bank, Ham-mond, for a branch at 4221 Airline Dr., Bossier City. The OFI has filed an application by Community First Bank, New Iberia, for a branch at the corner of Hwy. 182 & Hwy. 3212, New Iberia; and to relocate its main office from 535 Jefferson Ter-race Blvd. to 1101 E. Admiral Doyle Dr., New Iberia, and to retain the for-mer main office as a branch location.MERGERS AND ACQUISITIONS The OFI has approved an applica-tion for the proposed merger of Ver-non Bancshares Inc., Leesville, with and into Merchants and Farmers Bancshares Inc., Leesville, and imme-diately thereafter, merge The Vernon Bank, Leesville, with and into Mer-chants & Farmers Bank & Trust Com-pany, Leesville.OklahomaCHARTERS The OKLAHOMA STATE BANK-ING DEPARTMENT has received an application by The City National Bank and Trust Company of Guymon, Guy-mon, for conversion from a national charter to a state charter under the proposed name: City Bank and Trust Company.MERGERS AND ACQUISITIONS The OKSBD has received an appli-cation for a merger of Anadarko Bank and Trust Company, Anadarko, with
CO Bank Fails; Total YTD 6The Colorado Division of Banking closed Premier Bank, Denver, on July 10, and appointed the FDIC receiver. The FDIC entered into a P&A agree-ment with United Fidelity Bank, fsb, Evansville, IN, to assume all of the deposits and to purchase essentially all of the assets. As of March 31, 2015, Premier Bank had approximately $31.7 million in total assets and $29.6 mil-lion in total deposits, and operated two offices. The failure is the first in CO in 2015 Q
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MARKET PRESIDENT needed to develop an LPO in Tulsa, OK. Must have over 5-10 years of experience credit/lending/management. Call Elizabeth at 214-515-7609 or send resume to [email protected].
MANAGEMENT SUCCESSION: New Mexico Community Bank seeks gen-eralist lender to eventually become President. Candidates with small-town backgrounds from NM or West Texas preferred. Mark Mitchell, Lone Star Search, 972-335-9009, lonestarsearch.net.
COMMERCIAL LENDER Texas Hill Country: Independent bank has opportunity to inherit portfolio and live and work in picturesque, fam-ily-friendly community without big city hassles. Mark Mitchell, Lone Star Search, 972-335-9009, lone-starsearch.net.
First Financial Bank, N. A., Glen Rose, TX, has an opportunity for a self-motivated CONSUMER LEND-ING OFFICER with a minimum of 5 years lending experience and proven history in TX home equity lending. Candidate needs excel-lent communication skills, ability to promote good customer relations, and strong business development abilities. Interested applicant may apply online at www.ffin.com or con-tact Vickie at [email protected] with questions. AA/EEO/Veterans/Dis-abled employer.
July 20, 2015 BANKERS DIGEST Page 11
Citizens Bank of Edmond is seeking COMMERCIAL LENDER with at least three-five years lending experience; bachelor’s degree in Finance/Ac-counting or related field preferred. Individual will be responsible for developing a loan portfolio while ef-fectively managing commercial re-lationships. For more information or if interested provide your resume to [email protected]
EXPERIENCED COMMERCIAL LENDER & SENIOR RELATIONSHIP MANAGER is needed for a growing independent bank in North Central Texas for the Decatur market and the Wichita Falls market. The can-didates should have a minimum of 5-7 years of progressively respon-sible commercial and commercial real estate lending experience. The successful candidates should have a proven track record in credit analy-sis and loan underwriting, and pos-sess strong business development skills. Please send resume and salary requirements to [email protected], subject line Box Y-1.
CREDIT ANALYST – responsible for analyzing business and personal fi-nancial statements and tax returns, completing analytical underwrit-ing summaries for new and existing borrowing relationships, computing global cash flow analysis, perform-ing loan and portfolio stress test-ing, performing profitability analy-sis, managing appraisal ordering process, and participating in loan committee meetings. Requirements include excellent writing and good verbal communication skills, Bach-elor’s degree in finance, accounting or related field, and minimum 1 year of credit analyst experience with a bank. Complete job description can be viewed at www.worthington-bank.com. Please send resume to [email protected]
Alliance Bank currently has an op-portunity for a LOAN/ADMINISTRA-
C L A S S I F I E DTIVE ASSISTANT in our Loan Pro-duction office located in McKinney, Texas. This position is responsible for the efficient handling of the Loan Production Office (receiving visitors, preparing correspondence, arrang-ing calls, and scheduling meetings), the administrative and clerical du-ties inherent in the processing of loans. Interested candidates must have a minimum of 2 years previous experience in banking (with a pref-erence for experience in loan ad-ministration, mortgage loan admin-istration, and office administration) and a thorough knowledge of bank-ing laws and regulations. Please email Julie Degelia for more details or to submit a resume. [email protected]. Equal Opportunity Employer.
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For Sale or Lease: Modular Bank Buildings. Immediately available, 14’x66’ or 24’x66’. Texas coded fa-cilities. Banking equipment Includ-ed along with drive thru. Contact Clint Werts at 888-800-8866, [email protected]
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Bankers DigestP.O. Box 743006Dallas, Texas 75374-3006(USPS 041180)
PERIODICAL
needed to understand the current di-
rection.
Analyzing the direction of risk re-
quires an understanding of both in-
ternal and external factors impacting
each area. Determining the direction
of risk for each area will give manage-
ment a more holistic understanding of
the risk environment. Well-developed
risk direction information also im-
proves management and board under-
standing of the potentially diminish-
ing adequacy of aging risk mitigation
strategies. Many financial institutions
have risk assessments with strong
analysis of likelihood, impact, and
controls for assessed areas, with no
consideration for the direction of risk,
which can be one of the most critical
of elements in developing risk mitiga-
tion strategies.
In Part III next week, we will discuss
risk response plans and mitigations
strategies Q
About the authors: Bruce Zaret, CPA,
is an advisory partner who leads the
financial institutions consulting prac-
tice for Weaver, the largest indepen-
dent accounting firm in the Southwest.
He can be reached at Bruce.Zaret@
Weaver.com or 972.448.9232. Michael
Winters, CIA, CISA and CRCM, is a se-
nior associate II in Weaver’s financial
institutions consulting practice. He
can be reached at Michael.Winters@
Weaver.com or 817.882.7386.
FEATURE (continued from Page 3)
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