Simmons’ Bartlett Installed as 2013-2014 Arizona Bankers ...€¦ · affiliate banks. Bartlett currently serves as a board member of the Baptist Health Foundation and the AR State

Volume 142, No. 20May 27, 2013

In This Issue...

Flooding Reveals Safe Deposit Boxes Not Entirely SafeFeature...........................................3

Charter Activity..........................12

Classified.....................................13

Please route this issue:

www.bankersdigest.com

Simmons’ Bartlett Installed as 2013-2014 Chairman, Arkansas Bankers Association

Published weekly on Mondays except fifth Mondays

David Bartlett

Arizona Bankers to Meet June 2-4 for Fete

Hood Appointed Senior Executive Vice President, Texas Bank and Trust, Longview

Hood

David Bartlett was installed as the 2013–14 chairman of the Arkansas Bankers As-sociation at the 123rd An-nual ABA Convention on May 9 in Little Rock. Bartlett is president and chief banking officer of Simmons First Nation-al Corporation, Pine Bluff. Born in Fort Smith, he earned a BS degree in ac-counting from Arkansas Tech University. In 1979, he began his career in banking in TX. In 1991, he returned to AR and was named president/CEO of Worthen National Bank in Hot Springs and later appointed chairman. In May 1997, he and a group of local investors founded Alliance Bank of Hot Springs, which Simmons acquired in 2003. He later served as chairman of Simmons

First Bank of Hot Springs, president/COO of Simmons First National Cor-

poration, and was named to his current position in Janu-ary 2013. He resides in Little Rock and has oversight for all eight of Simmons First’s affiliate banks. Bartlett currently serves as a board member of the Baptist Health Foundation and the AR State Chamber of Commerce. He served on the AR State Bank Depart-ment Board from 2000-2003 and as chairman in 2004. Also elected to serve for

2013-14: chairman-elect, Chuck Mor-gan, CEO, Pine Bluff National Bank; vice chairman, Robert (Bob) Y. Tay-lor, CEO, Parkway Bank of Rogers; and treasurer, Mark Ferguson, EVP, First Security Bancorp, Little Rock Q

Chairman Rogers Pope reported Kevin Hood was hired as senior executive vice president and ap-pointed director for both Texas Bank and Trust and its holding company, Longview Finan-cial Corporation, both of Longview. Hood will serve as a senior lend-ing officer of the bank and assist in the management and operational supervision of both the bank and the holding company. Vice Chairman Rogers Pope Jr.

said,“Kevin’s expertise will serve to strengthen our leadership team and position our bank for continued growth for many years to come.” Hood, a former resident of Longview, has served in banking for over 24 years, most recently served as presi-dent/CEO of State Bank & Trust Com-pany in Carrollton, TX. His background includes ex-perience in business development, financial analysis, and management. He earned a BBA degree in finance from Stephen F. Austin State Univer-sity in 1988. He has been active in community and civic affairs in Argyle prior to his appointment Q

The AZ Bankers Association’s 110th An-nual Convention, June 2-4, takes place at The Ritz-Carlton Dove Mountain re-sort in Marana, AZ, beginning with the golf tournament at the hotel’s world class golf course on Sunday morning at 11:00. Business sessions begin Mon-day morning. The detailed convention brochure is available at http://www.azbankers.org/2013_Convention_Bro-chure final.pdf President/CEO of the association, Paul Hickman, previewed the conven-tion saying, “we have world class econo-mists, banking analysts, and political prognosticators. In addition, we will hear from some of the brightest stars in our legal community on topics as varied as: new pitfalls in real estate lending, an Arizona bankruptcy appeals case with Supreme Court potential, and the new clear and present danger for bankers in intellectual property law.” Real estate experts include Elliott Pollack, economist and real estate consultant, and Nate Nathan, expert in master-planned communities. Eu-genio J Alemãn, senior economist at Wells Fargo, will forecast national, re-gional, and international trends Q

Page 2 BANKERS DIGEST May 27, 2013

p e o p l e TeXAS

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Huntsman

Broadway Names Huntsman, Houtman, Heiman, Olson, and Slauter SVPs

Houtman

Slauter

Olson

Broadway Bank, San Antonio, has named five senior vice presidents.

Diana Hunts-man remains in her current posi-tion as informa-tion security of-ficer in Enterprise Risk Management. She joined Broad-way in 1980. She was named a VP in 2004 and promot-ed to information security officer in 2006 in Enterprise Risk Management. Lorraine (Lorry) Houtman serves as compliance officer – depos-its specialist in Enterprise Risk Management. She joined the bank in 1984. Pam Heiman serves as Bank Se-crecy Act and fraud manager in Enter-prise Risk Manage-ment. She joined

the bank in 1990 and was promoted to

to her current posi-tion in March 2012. She earned a BBA degree in finance from The Univer-sity of Texas at San Antonio. Allyn Slauter serves as com-pliance officer-loan specialist in Enterprise Risk Management. She joined the bank in 1997 and trans-ferred to her cur-rent position in 2007. She earned a BBA degree in finance from Texas Tech University.

Philip Olson has joined the bank as real estate minerals department manager. In addition to managing the bank’s mineral assets, he takes a new specialty to the wealth management team in farm & ranch management. Olson earned a Ph.D. in range sci-ence from Texas A&M and a BS degree in agriculture in animal science from Kansas State University Q

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May 27, 2013 BANKERS DIGEST Page 3

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from an April 25, 2013, article byLisa Black, Reporter

Stacey Wescott, EditorChicago Tribune

www.

S A F E D E P O S I TFlooding Reveals Safe

Deposit Boxes Not Entirely Safe

B D

FEATURE

(continued on Page 16)

[After recent flooding in Northfield, a Chicago sub-urb], one of the bank’s c u s t o m e r s

found his mother’s pearls discolored when he opened her flooded safe-deposit box at a Chase bank in North-field. After flooding filled the basement vault of a Northfield bank, “Bob Bank Customer” arrived to inventory the contents of his mother’s safety-depos-it box — one of a few hundred that had been exposed to floodwaters sev-eral days earlier. Chase bank employees led him past a security guard, behind a floor-to-ceiling plastic curtain and down some stairs into a humid, rank-smell-ing room. There, workers wearing dis-posable gloves gingerly drained dirty water from his safe-deposit box, then photographed the contents under the watchful eye of bank employees. Bob, a lawyer, described the ordeal as more emotional than expected as he looked at his mother’s string of pearls and water-sodden photo-graphs. He was stunned when the bank at 400 Central Ave. asked him to sign a release stating that it was not liable for losses. “I find that to be unconscionable,” said Bob, who refused to sign the re-lease and told several other custom-ers that they shouldn’t sign it either.He discovered what many disaster victims {don’t} learn until it’s too late that the contents of safe-deposit box-es are not covered by the bank’s or the Federal Deposit Insurance Corp. As in super storm Sandy, Hurricane Ka-trina and other disasters, people who weren’t covered by homeowners in-

surance lost valuable heirlooms and documents, believing they were safe. “Perhaps it should be called a ‘po-tentially unsafe’ deposit box,” said Bob, who noted that his mother’s pearls were described as “white beads” by a bank employee who wrote down the inventory. “I think people are un-der the mistaken impression that the bank is protecting their valuables the same way the bank is protecting their money.” Though the bank isn’t liable for items in boxes damaged by flooding, a Chase official said the branch will consider covering some of its custom-ers’ losses and is encouraging them to submit claims for items “not oth-erwise covered by your homeowners insurance,” according to paperwork given to them during the inventory process. When people rent a safe-deposit box, the no-liability policy is “stated clearly in the agreement,” said Tom Kelly, a Chase spokesman based in Chicago. But “we look at each case individually and work with the cus-tomer.”

“We used the same formula we used in Hurricane Sandy,” he said. “We called customers and said, ‘Can you come see how your box is affected?’ They look at the inventory and submit a claim for possible losses.” For instance, the bank might pay the costs of cleaning, restoring or re-pairing damaged items, such as jew-elry, he said. Kelly said he wasn’t sure how many customers were affected, but he con-firmed that “a few hundred” boxes were exposed to the floodwaters. He added that the bank has offered cus-tomers a free year of safe-deposit rental at another location. The basement of the Northfield branch took in about a foot of water, soaking the lower two or three rows of safe-deposit boxes, he said. Record-setting floods throughout the Chicago area hit Northfield and dozens of oth-er communities, many of which con-tinue to cope with the fallout. Chase reopened the bank the fol-lowing Monday, with cleanup crews

TIB 2013Bkers.Digest4.75 x 5


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PlainsCapital Bank in Dallas has pro-moted Rich Wyatt to executive vice president and Brian Memory, Brett Butler, and Keeton Moore to senior vice president. Wyatt has more than 20 years of experience in the wealth and trust industry and oversees the invest-ment platform for PlainsCapital’s

wealth management and trust group. He graduated from The University of Texas at Arlington with a BBA degree in economics and holds a chartered fi-nancial analyst (CFA) designation. He is also a member of the CFA Society of Dallas-Fort Worth. Memory joined the corporation in 2010 as vice president and assistant

PlainsCapital Bank Announces Executive Promotions in Dallasgeneral counsel. Prior to joining Plain-sCapital Corporation, Memory worked

for Universal As-set Lending Infor-mation Systems in Georgia, where he served as se-nior vice presi-dent and general counsel. Memory is a 2004 gradu-ate of Emory Uni-versity School of

Law, where he served as a law review executive editor. He is also a graduate

of the University of Utah, earning a BS degree in po-litical science and economics. He is licensed to prac-tice law in Texas. Butler joined the bank in 2004 as a credit analyst and is respon-

sible for commercial lending. His responsibilities include managing a

commercial loan portfolio of more than $35 million in commitments, underwriting com-mercial credits, and driving new loan and deposit growth. Butler received a BBA degree in finance

and an MBA degree from Texas Tech University.

Moore serves as commercial loan officer He also monitors and manages loan portfolios to con-tinuously evalu-ate and mitigate risk to the bank. Moore earned a

BS degree in finance and an MBA de-gree in finance and real estate from The University of Texas at Arlington Q

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IBAT’s Goulart Receives ICBA Compliance Certification

Goulart

The Independent Bankers Association of Texas (IBAT), Austin, announced

that Kelly Gou-lart, regulatory compliance man-ager, recently be-came a Certified Community Bank Compliance Of-ficer by the Inde-pendent Commu-nity Bankers of America (ICBA).

He completed the ICBA Com-pliance Institute, a comprehensive course of study and four examina-tions.

Goulart began his banking industry career in 1986 as an internal auditor before moving into regulatory com-pliance. He has served with banks and for a consultant specializing in compliance and credit review. He has served as a compliance officer, chief operations officer, and CFO for finan-cial institutions, including First Com-mercial Bank in Seguin and at com-munity banks in VA for six years. He joined IBAT in his current role in 2012. He holds a BBA degree from The University of Texas at San Antonio and is a graduate of the Virginia Bankers Association - School of Bank Manage-ment Q

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Lunde and Burge Are New Vice Presidents, Capital BankCapital Bank in Houston has an-nounced that Robert Lunde and Sherry Burge have joined the bank at the vice president level. Lunde was named a relationship manager. He is a 10-year banker who most recently served as a commercial lender in the east Harris County mar-ket. His backgroound also includes experience in credit administration and credit analysis. Lunde holds a BBA degree in fi-nance and banking from Sam Houston State University. His community ser-vice includes Rotary Club, chamber of commerce membership, and serving as a board member for Fighter Nation. Burge was named banking center manager for the Pearland location. She has served in the Pearland com-munity for more than 30 years. Her background includes extensive bank-ing center operations experience. Her community service includes Pearland Chamber of Commerce and serving as treasurer for Partners for Pearland Q

Thomas Named Vice President, Bank of Commerce in YukonJ. Charles Thomas was named vice president for Bank of Commerce in Yukon at the 2500 S. Cornwell Dr. office. Thomas has over 14 years of fi-nancial industry experience, serving most recently at Bank of Hydro. He holds a bachelor’s degree from Okla-homa State University in Stillwater, where he was an ag economics major and a finance minor. He also attend-ed the OBA Lending and Compliance schools Q

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Jennifer Comeaux has joined Lafeyette-base MidSouth Bank, N A.,

as first vice presi-dent and loan op-erations manager. For the past 11 years, she served for Many-based Peoples State Bank, as CFO since early 2009. Peo-ples State merged with MidSouth in

December 2012. Comeaux is now responsible for loan documentation and loan admin-istration functions, which are housed in three operations centers. Comeaux has more than 15 years of banking experience. Before joining Peoples State, she served as a com-mercial portfolio manager for Bank One in Shreveport. A Sabine Parish native, she earned a BBA degree in finance from LSU Q

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Comeaux Is Loan Opns Manager for MidSouth

Comeaux

Atwell, Ross, Jobe SVPs, Bank of OklahomaBOK Financial, Tulsa, has announced three promotions and two appoint-ments. Lori Atwell was promoted to SVP, operations manager IV. She joined the bank in 1995. Robert Ross was promoted to SVP, mortgage private-label manager. He joined the bank in 2010. Ronnie Jobe was promoted to SVP, portfolio management market manag-er. He has served with the bank since 2005. Erik Herrera was appointed vice president, senior consumer product manager for Bank of Oklahoma. He previously served with Central Na-tional Bank of Enid. Molly Reed Davis was appointed vice president, correspondent mort-gage underwriting for the BOKF Mort-gage Division of Bank of Oklahoma Q


The Arkansas Bankers Association re-ported the installation of three bank-

ers as association officers for 2013-2014 at the 123rd Annual Conven-tion in Little Rock. Chairman-elect is Chuck Morgan, president/CEO of Pine Bluff Nation-al Bank and Jef-ferson Bancshares

Inc. in Pine Bluff. He is a graduate of University of Arkansas, Southwestern Graduate School of Banking at SMU, and the American Bankers Associa-tion’s Graduate School of Bank Invest-ments and Financial Management. Robert Taylor, president/CEO of Parkway Bank in Rogers and of Port-land Bancshares, is vice chairman. The native of Dardanelle received a BA degree from Arkansas Tech Univer-sity at Russellville in 1969. He began

his banking career at National Bank of Commerce of Pine Bluff in 1972.

He held several positions at Na-tional Bank of Commerce and later transferred to Russellville as chairman and president/CEO of Worthen’s Peo-ples Bank, where he remained until

1997 when the bank was purchased by what is now Bank of America. He then joined the Chambers Banking Group as chairman and president/CEO of Chambers Bank of North Arkansas, where he remained until he joined Parkway Bank in 2009. Mark Ferguson , EVP of First Secu-rity Bancorp, Little Rock, is treasurer.He has a BBA degree in finance from University of Central Arkansas and a JD degree from the University of Ar-

p e o p l eArKANSAS

Morgan, Taylor, and Ferguson Installed as Officers at ARBA Convention

Morgan FergusonTaylor

kansas at Little Rock and is a licensed attorney in AR.

Taylor’s bank-ing career spans 30 years with ser-vice beginning at Worthen Bank. He was named presi-dent/CEO of First Security Bank of Conway in 1996 and EVP and se-nior credit officer

of First Security Bancorp in 2007. The three officers were nominated and elected at the association’s an-nual business meeting on May 9 at the Statehouse Convention Center in downtown Little Rock. They, along with David Bartlett as chairman, were installed at the association’s banquet on Thursday night. The Arkansas Bankers Association’s 124th annual convention will return to the Statehouse Convention Center Q


N e W S W A T C HTeXAS

The Independent Bankers Associa-tion of Texas (IBAT) will host its 28th Annual Leadership Conference at the Horseshoe Bay Marriott in Horseshoe Bay from June 13-15. Community bank-ers from IBAT member banks across TX will participate in this three-day event with a “Bank Commander” theme. Highlights of the general session: • “God, Family, Ducks…in that Or-der!” presented by Duck Commander Jase Robertson, who will challenge attendees to examine life’s priorities and make sure they’re having a little fun along the way. • “The Morning After: Recovering from the Disaster You Should Have Seen Coming” presented by Dr. Jeff Hester, who will offer a perspective on

IBAT Leadership Conference Set for June 13-15 at the Horseshoe Bay Marriott in Horseshoe Bay

what it takes to make high-stakes de-cisions in a fast-paced world. • “How to Think Big and Win Big Mar-keting ROI (Even in Nontraditional Media)” presented by Andy Slipher of Slipher Marketing, who will explore strategies for maximizing marketing return on investment, including the use of social media. • “Do You Know Credit? Beyond the Numbers: How FICO Credit Scoring Really Works” presented by Eddie Jo-hansson, an experienced educator on how the FICO scoring model works. The conference kicks off on Thurs-day, June 13, with the Annual Leader-ship Golf Tournament. Other entertain-ment options include autographs and pictures with Jase Robertson, a pan-cake breakfast, a kid’s money camp, and a “Friday Night Family Fun” event that features dinner and dancing. To register or learn more about the conference, visit www.ibat.org Q

Commercial banks in Arkansas had a good year in 2012, better than their peers in the Eighth Fed District and in the US, according to remarks offered on May 10 by Bank Commissioner Candace Franks at the “Day with the Commissioner” session at the Arkan-sas Bankers Association convention. Franks said AR banks’ profitabil-ity and charge-off ratios are favorable compared to national averages, while efficiency ratios are less favorable and OREO is still elevated. Loan growth was up slightly in 2012, and deposits grew 5% over 2011. State banks un-der regulatory order dropped to 14 at 2012 yearend. Overall, she said banks are reporting favorable trends as AR’s economy slowly improves. Kevin Bertsch, of the Fed’s Division of Banking Supervision, remarked the nation’s community banks reported net income of $9.8 B for 2012, showing a median ROAA of .85%, median lever-age ratio of 9.8, and improved liquidity

ArKANSASAR Commercial Banks Trends Up Says Bank Commissioner

positions. Charge-offs and problem as-sets are declining, reserve coverage is increasing, but pre-provision operating income continues to trend lower Q

JUNE 13-15, 2013 HORSESHOE BAY RESORT MARRIOTT

Jase Robertson—God, Family, Ducks... In that order! Fans of A&E's Duck Dynasty already know that Jase Robertson has a "different" way of looking at life... God, Family, Ducks - In that order! With his characteristic wit, Jase will be on hand to challenge attendees to examine life's priorities and make sure you're having a little fun along the way.

Dr. Jeff Hester—The Morning After: Recovering from the Disaster You Should Have Seen Coming A leader is the person out in front who is making the decisions that set the course of an organization. Leadership requires vision, and vision is grounded in knowledge. In this lively presentation rich with stories from the front lines, Dr. Hester offers his perspective on what it takes to make high stakes decisions in a fast-paced world.

Eddie Johansson—Do You Know Credit? Beyond the Numbers: How FICO Credit Scoring Really Works Get ready to have your credit score assumptions shattered. Learn ways to accurately reflect your customers' credit risk that raise their credit scores – vital information to lead your bank and your customers in these times. Gain knowledge you can teach others to take your organization to a new level in credit expertise and service.

Andy Slipher—How to Think Big and Win Big Marketing ROI (Even in Non-Traditional Media) Recent years have brought the promise (and, often, disappointment) of social media as a marketing tool for banks. Add in proposednew FFIEC guidelines, and many bankers have opted to avoid any online presence outside of their own website. This session, explores strategies for maximizing your marketing return on investment, including the use of social media.

Join us for this UNIQUE educational, family friendly event!

REGISTER NOW AT

WWW.IBAT.ORG

JUNE 13-15, 2013

Register by 5/10 to receive Early Bird pricing.

Purpose of the IBAT Leadership Conference – Developing leaders in Texas community banking through focused

education, industry involvement, and personal relationships.


N e W S W A T C HTeXAS

IBC Bank Breaks Ground for New Austin Headquarters Building to Open in Spring 2014

Triumph Bancorp, Dallas, to Acquire Iowa-Based BankTriumph Bancorp Inc., parent of Tri-umph Savings Bank, SSB, both of Dal-las, reported in late April that it has signed a definitive agreement to ac-quire National Bancshares Inc., parent of THE National Bank, Bettendorf, IA. Triumph Bancorp Inc. is a financial holding company with interests in wholesale banking, commercial fi-nance, and investment management. In November 2010, Triumph Bancorp acquired and recapitalized its subsid-iary bank, Triumph Savings Bank, SSB, which was then known as Equity Bank, SSB. As of December 31, 2012, accord-ing the FDIC, Triumph Savings report-ed $301 million in total assets, $228 million in total deposits, and three of-fices in Dallas. Members of the Triumph group also include Triumph Commercial Finance LLC, Triumph Capital Advisors LLC, Triumph CRA Holdings LLC, and Ad-vance Business Capital LLC. National Bancshares Inc. is a $945 million bank holding company. Its community banking subsidiary, THE National Bank, operates 19 branches and 3 LPOs in IA, IL, and WI. Commerce Street Capital, LLC, Dal-las, served as the financial advisor to Triumph Bancorp.for this transaction Q

Laredo-based IBC Bank, the city of Austin, and real estate developer En-deavor Real Estate Group celebrated the ground breaking of the IBC Bank Plaza building on April 30 with the un IBC Bank-Austin will occupy approxi-mately 27,000 rentable square feet in the building, including a banklobby and drive-thru on the ground level. The building will house IBC Bank-Aus-

tin’s new headquarters and is the first new downtown office tower in Austin in more than a decade. IBC Bank Chairman/CEO Dennis Nixon and IBC Bank-Austin president/CEO Bob Barnes said. “The location will offer unrivaled access for tenants and visitors, due to its unique posi-tion between Congress Avenue and the Whole Foods Market district.” The building will rise 13 stories over street level. It will also offer multiple balco-nies overlooking Republic Park, with Capitol views from upper floors. IBC Bank-Austin has been serving the Texas State Capital city and sur-rounding communities since 2004 and has a retail branch network of 13 loca-tions throughout the area, including Round Rock, Cedar Park, Leander, and Bastrop Q

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Community Trust Bank, a 100-year-old LA chartered bank, is celebrating anoth-er opening in north central TX. The new Allen Banking Center, located at 384 East Stacy Rd. marks the seventh bank-ing center to open in the area, further increasing the bank’s footprint across the Dallas-Fort Worth market Q

Community Trust Opens Allen


N e W S W A T C HlouISIANA

MidSouth Is Official Bank of the Southland ConferenceLafayette-based MidSouth Bank, N. A., and The Southland Conference have jointly announced that the two enti-ties have finalized an agreement mak-ing MidSouth the official bank spon-sor of the conference, said MidSouth President and CEO Rusty Cloutier. MidSouth has entered into a multi-year sponsorship with the NCAA Divi-sion I athletic conference that oper-ates in the south central US. Troy Cloutier, MidSouth’s senior EVP and chief banking officer, noted, “For decades now we have been huge fans of these athletic programs, which makes teaming up with them even more exciting for our employees and customers.” MidSouth Bank will receive brand exposure through broadcast, print and online media coverage, as well as on-site signage for conference events and promotions. The bank also is handling all corporate banking services for the

Southland Conference. Additionally, the bank is the title sponsor and pro-vider of content for the “Financial Tip of the Week,” a new feature on the home page of the Southland Conference Website, and title sponsor of three “Top Moment in Southland Conference History” Facebook promotions Q

A group of bankers advising the Fed-eral Reserve urged U.S. regulators to consider preventing Wal-Mart Stores Inc., Bentonville, AR, from offering some financial services, according to an article by by Carter Dougherty dat-ed May 08, 2013, at bloomberg.net. The Federal Advisory Council, a body of 12 representatives from the banking idustry that consults with and advises the Federal Reserve Board of Governors, said at a December 19, 2012, meeting that Wal-Mart’s sales of prepaid cards warranted greater fed-eral oversight. Minutes of the meet-ing were obtained recently under the

Freedom of Information Act. “Wal-Mart has sought to enter bank-ing formally for over a decade,” coun-cil members told the Fed, according to the meeting minutes. “Faced with opposition, Wal-Mart now appears to have entered banking through the back door, without the regulatory framework that applies to banks.” The minutes outline bankers’ views on Wal-Mart’s entry into services that they traditionally provided to con-sumers, as well as their concern that a new competitor might face less strin-gent oversight by the government. The council urged the Fed to con-sider limiting payment-related servic-es to “regulated banking institutions,” or at least step up its study of the business. It also said the Consumer Financial Protection Bureau,should supervise non-bank companies that provide financial services. In 2011 banks asked the CFPB to

SHADoW BANKING SYSTeMKeep Wal-Mart Out of Financial Services, Bankers Ask Fed

(continued on Page 12)

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designate Wal-Mart as a “larger par-ticipant” in financial services, a label that would lead to direct supervision by the agency. Since then, Wal-Mart has expanded its presence in financial services by mar-keting a prepaid card, called Bluebird, in partnership with American Express Co. Together with a similar card offered by JPMorgan Chase & Co., the product has re-ordered the prepaid market. “The financial services products of-fered at Wal-Mart stores are properly regulated,” Deisha Barnett, a Wal-Mart spokeswoman, said in an e-mail. “In many cases, the regulated entity is the financial services partner.” The banks argued that Wal-Mart is selling what is marketed as a “debit and checking alternative” that com-petes with traditional bank accounts but has a regulatory advantage. Prepaid cards are exempt from the Fed’s interchange rules. As a result, the exemption “appears to permit Wal-Mart, a strong proponent of low-er debit interchange rates, to benefit indirectly from the very thing it op-posed: unregulated interchange,” the banking council told the regulator. The bankers also portrayed Wal-Mart as part of an emerging “shadow banking” system in which financial services are provided outside the sys-tem of traditional depositories. “Regulators should ensure that there is a level playing field for all fi-nancial intermediaries to make sure that risks are properly monitored and regulated,” the council wrote Q

AZ Bank Fails; Total YTD 13On Tuesday, May 14, the Arizona De-partment of Financial Institutions closed Central Arizona Bank, Scotts-dale, and appointed the FDIC receiver. The FDIC entered into a P&A agree-ment with Western State Bank, Devils Lake, ND, to assume all of the deposits and to purchase essentially all of the assets. As of March 31, 2013, Central Arizona Bank had approximately $31.6 million in total assets, $30.8 million in total deposits, and a sole former loca-tion. The failure is the second in AZ and 13th in the nation in 2013 Q

LouisianaBRANCHES The OFFICE OF FINANCIAL IN-STITUTIONS has filed applications by Community Trust Bank, Choudrant, for branches: mobile branches for Dal-las and Tarrant counties, TX; 16479 N. Dallas Pkwy, Addison, TX; 5324 Kirby Dr., West University Place, TX; ap-proved for: 384 East Stacy Rd., Allen, TX, and 800 Gessner, One Memorial City, Houston, TX. The OFI has approved an applica-tion by Investar Bank, Baton Rouge, for a branch at 4004 Ambassador Caffey Pkwy., Lafayette. The OFI has approved an applica-tion by Gulf Coast Bank and Trust Company, New Orleans, for a branch at 3200 Magazine St., New Orleans. The OFI has approved an applica-tion by Progressive Bank, Winnsboro, to interchange its main office from 301 Fair Ave., Winnsboro, with its cor-porate office at 1411 N. 19th St., Mon-roe, and to retain its former main of-fice as a branch.TexasBRANCHES

Shadow Banking (continued from Page 11)

The TEXAS DEPARTMENT OF BANKING has received an applica-tion by Texas Bank, Henderson, for a branch at 605 S. Main St., Henderson. The TXDB has received an appli-cation by Texas Security Bank, Dallas, for a branch at 3212 Belt Line Rd., Ste. 301, Farmers Branch. The TXDB has received an applica-tion by IBC Bank, Laredo, to relocate a branch from 200 E. Mulberry to 130 W. Mulberry, Angleton. The TXDB has approved an ap-plication by Farmers and Merchants Bank, De Leon, for a branch at 2653 W. Washington St., Stephenville.MERGERS AND ACQUISITIONS The TXDB has received applica-tions by Texas Bank and Trust Compa-ny, Longview, for mergers with Lindale State Bank, Lindale, and First State Bank, Overton. The TXDB has approved an ap-plication by Platinum Bank, Lubbock, to P&A the branch of Fort Davis State Bank, Fort Davis, at 3650 Billy Hext Rd., Odessa.WashingtonCHARTERS The FEDERAL RESERVE BANK OF SAN FRANCISCO has received an appli-cation by Washington Federal Inc., Seattle, WA, to become a bank holding company through the conversion of Washington Federal from a federal savings bank to a national bank, both of Seattle Q

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BANK RECRUITER needed for staffing company. Career banker with good sales experience needed to continue to grow the banking department. Sha-ron Emiliano, Babich & Associates, [email protected], or call 214-823-9999 #306 for additional details.

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BROWNWOOD, TX, LOAN OFFICER position available. Ideal candidate will have a college degree and a minimum of 5 years strong lending experience. Candidate must also have experience managing a 5MM+ loan portfolio in the Brownwood market. Additional work experience can be substituted for a college degree. Candidate must possess strong leadership abilities and be driven to grow their respec-tive loan portfolio. Competitive salary commensurate with experience. Ben-efits include health insurance, life and disability, and matching 401K. Email resume and salary requirements to [email protected], subject line Box M-3.

Strong, established $300MM Com-munity Bank in Central Texas seeks SENIOR VP LEVEL COMMERCIAL LENDER who can become part of its management team within a short timeframe. Looking for individual with a desire to live and be a part of a community of around 20,000 peo-ple with an understanding of the de-mands of a true community banker.

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Bank of Commerce, a strong locally owned bank in Rawlins, WY, is look-ing for a COMMERCIAL LOAN OFFI-CER. Take over existing clean loan portfolio. Minimum 5 years experi-ence, Ag Lending is a plus. Excel-lent benefits & competitive salary based upon experience. Send re-sume attn: Ruby Ogden, SVP, P.O. Box 50, Rawlins, WY 82301 or email: [email protected].

FIRST TEXAS BANK is looking for a LENDER for our Copperas Cove, TX Branch. The successful candidate will have at least 5 years as a Loan Officer, strong analytical skills and proven leadership abilities. Com-petitive salary and benefits. Send resume to [email protected] or mail to First Texas Bank, P.O. Box 609, Killeen, 76540, Attn: Human Resources. EOE/AAP

Independent community bank in the panhandle region has the following positions available: OPERATIONS OFFICER/CASHIER -Successful can-didate should have experience in human resources/benefits admin-istration, regulatory reporting, in-formation technology and general bank operations. Position offers great opportunity for the right can-didate with competitive compensa-tion and benefits package. LOAN OFFICER - Successful candidate should have experience in loan origination and servicing in overall lending with emphasis on agricul-tural and real estate lending. Com-petitive compensation and benefits package are available for the right

candidate. While experience is pre-ferred for either position it is not re-quired for the right candidate. Both positions will be part of the bank management team . Submit resume to: [email protected], subject line Box B-3.

COO for $144M Bank in Graham, Texas. Responsible for Bank Op-erations, HR, CDARS, Information Technology, Security Officer, Invest-ments, Insurance, BOLI, Fixed As-sets, Accounts Payable, Training, and support Compliance Officer. Requirements: College Degree and a minimum of five years banking ex-perience. Bank offers a competitive salary; 401k, group insurance, and PTO. Please send all inquiries to Eddie Tucker, First State Bank Gra-ham, Fax 940-549-8886 or [email protected].

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Southwest Securities, FSB has an opportunity for a COLLATERAL SPE-CIALIST LEAD at our Dallas corpo-rate office. This position is respon-sible for monitoring the work load and flow of the Collateral Opera-tions group using the Loan Booking Log and making sure it stays current on a daily, weekly, and monthly ba-sis. The candidate should also have a working knowledge of the tradi-tional types of commercial, real es-tate, and consumer loan documen-tation requirements and how these documents work to secure the loans with various types of collateral. SWS Group is an Equal Opportunity Employer. Please email Sarah War-ren for more details or to submit a resume. [email protected]

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still working Thursday. Kelly declined to say whether the bank’s Northfield branch has flooded before but said its safe-deposit boxes “have never been affected before by flooding.” Bank officials were notifying cus-tomers in groups, inviting them to in-ventory their boxes at different times “so people don’t have to wait,” Kelly said. Industry experts said there is good reason that banks and the FDIC do not insure the contents of safe-deposit boxes. The items are intended to re-main secret, known only to the renter. The box can be opened only with two keys, one held by the bank and one by the renter. If the renter loses the key, the bank must call a locksmith be-cause it cannot access the box with-out both, officials said. “People who have a safe-deposit box should get a rider (or addendum) on their home owner’s insurance poli-cy,” said John Hall, spokesman for the American Bankers Association, based in Washington. “There are people who will try to defraud insurance compa-nies or even banks. It really is meant to be between you and the insurance company.” The article referred to others who said that banks need to do a better job of informing people upfront about the policies concerning safe-deposit boxes and liability Q

David McGuinn, founder of Safe Deposit Specialists in Houston, TX, (www.sdspec.com) who was interviewed for this article, in-structs banks on how to handle emergencies with the boxes.The question regarding banks’ liability “is the biggest misunderstanding na-tionwide concerning banks,” McGuinn said.

Feature (continued from Page 3)

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Simmons’ Bartlett Installed as 2013-2014 Arizona Bankers ...€¦ · affiliate banks. Bartlett currently serves as a board member of the Baptist Health Foundation and the AR State