Scanio Promoted to President/COO, American Bank, Corpus Christi

August 10 , 2009 www.bankersdigest.com Volume 135, No. 6 Scanio Promoted to President/COO, Creider Upped to SVP, American Bank, Corpus Christi, Texas Summit Bank in Tulsa Al Jones, chairman/CEO of American 1989 as a senior vice president. Dur- Chris Creider has been promoted to Bank, N.A., in Corpus Christi, TX, has ing his 20-year tenure, the bank has senior vice president of Summit Bank announced that grown from $150 million in assets to in Tulsa, OK. She Richard Scanio approximately $850 million. Prior to serves in credit has been promot- joining American Bank, he held lend- administration. ed to president ing positions with banks in Austin in- Creider, a 30- and COO. Scanio cluding Alliance Bank and American year banker, joined has served as COO National Bank. He holds a BBA de- Summit when the for the last two gree in finance from The University of bank was chartered years and assumes Texas at Austin. in January 2002. Summit Bank, the duties of presi- Scanio has served in a number of a $210 million- dent formerly held Scanio roles with the South Texas Council of Creider asset full-service by Jones. Scanio is Boy Scouts including his current posi- commercial bank, is located in the a shareholder of locally-owned Ameri- tion as council president. He is a for- Park Towers office building at 53rd can Bank and a member of its board mer board member of the Texas State and Yale. The bank is locally owned by of directors. Jones and Scanio will be Aquarium. over 90 shareholders involved in the day-to-day manage- American Bank was founded in 1970 Q ment of the bank. and is the largest financial institution Sims Tapped CEO, Scanio joined American Bank in in the Corpus Christi area Q Home BancShares, AR Randy Sims has been promoted to Tusa and Braud Join OMNI BANK, Metairie, LA CEO of the Conway, AR, banking firm OMNI BANK, Metairie, LA, has an- Waters at Capital One/Hibernia. Tusa replacing John Allison, the firm’s nounced the hiring of Robert “Bob” had held the position of chairman of largest shareholder, who will remain Tusa as executive vice president and community banking for the Greater New chairman of the board. manager of busi- Orleans region be- Sims previously served as president/ ness banking and ginning in 2003 and CEO of Centennial Bank, Conway, the Chris Braud as later was named firm’s bank subsidiary, and secretary senior vice presi- head of business of Home BancShares Q dent and relation- banking statewide. Please route this issue: ship banker. OMNI His team will man- president Kyle age current bank Waters made the customer relation- announcement. ships while attract- Tusa In This Issue... Both Tusa and ing new ones. Braud Braud joined OMNI Braud, also a New The Board’s Role in Strategy and BANK from Capital One Bank, former- Orleans native, will directly build the Risk Management, Part I ly Hibernia National Bank, where Tusa bank’s business banking portfolio. was head of business banking for LA He received an MBA degree in 1999 Feature...... 3 and Braud, a CPA, was a senior busi- from Tulane University’s A.B. Freeman ness banker. School of Business and is active in Tu- Charter Activity...... 8 A New Orleans native with 35 years lane’s Association of Business Alumni Classified...... 9 of banking experience, Tusa served with and Jefferson Dollars for Scholars Q p e o p l e TEXAS Hassell Is EVP/CCO, American Bank in Waco Wright Is Market Pres, David Hicks, president/CEO of Ameri- Dana Hassell has joined the bank Security Bank Midland can Bank, Waco, has announced that as executive vice president and chief Security Bank, Odessa, has announced credit officer. He the promotion of Garth Wright to will be respon- Midland market president. He will sible for leading lead the bank’s regional growth as well and managing the as managing its Midland team of busi- bank’s lending and ness banking specialists. credit functions. He has served as a Midland banker Hassell has for over 25 years and established the served in Waco initial Security Bank Midland opera- banking for over 25 tions in 2002. years. A graduate Hassell Wright has deep roots in West TX and of Baylor Univer- has been a Midland resident for over 50 sity with a degree in accounting, he years. He earned an associate degree began his career with Peat Marwick from Midland College and a business and Mitchell in Dallas. He returned degree from Texas Tech University to Waco in 1983 to be the director of Q internal audit and management analy- Murray Tapped Market sis at Baylor University. He later began Manager, Regions Dallas his banking career with Texas National Regions Bank has hired Mike Murray Bank in Waco. as the new commercial banking mar- Hassell, a CPA, is a graduate of the ket manager for the Metroplex area. Southwestern Graduate School of Bank- He serves at the 1111 Mockingbird ing at SMU. He currently serves on the Lane office in Dallas. President Marc advisory board for the Salvation Army Angle made the announcement. in Waco and is a past president of the Murray is a graduate of Hofstra Uni- United Way of Waco-McLennan County. versity and Texas A&M University. The bank has also announced the He began his financial career with promotion of Carolyn Stevens to as- Goldman, Sachs & Co. as an analyst, sistant vice president and accounting then joined Bank of America where he department manager. served in the Southwest commercial Stevens joined the bank in 2002 in healthcare banking group. He later new accounts and transferred to the transferred to general/industrial com- accounting department in 2002. She mercial banking where he served six ® Bankers Digest was named bank officer and account- years developing the bank’s upper, Established 1942 ing department manager in 2007. middle-market presence in the Dallas A Weekly Bank News Magazine (USPS 041180) She has been served in banking in Metroplex. Most recently, he served Published every Monday at Dallas, Texas Waco since 1983 and has experience as a as a director at Jefferies & Company teller, and in new accounts, compliance, in the private client services division Copyright 2009 Bankers Digest® human resources, and accounting in Dallas BONNIE JAMISON BLACKMAN, Publisher/Editor Q Q R. GILBERT BLACKMAN JR., Managing Editor 9550 Forest Lane, Suite 125 Dallas, Texas 75243-5928 Phone 214/221-4544 Fax 214/221-4546 E-mail: [email protected] website: www.bankersdigest.com Subscription rate: One year $37.00, single copy $1.00 Opinions expressed by columnists and writ- ers of bylined articles are not necessarily those of Bankers Digest. Editorial guidelines may be obtained upon request. Articles and photos may be submitted to above address or sent via e-mail. Periodical postage paid at Dallas, Texas POSTMASTER: Send address changes to Bankers Digest®, 9550 Forest Lane, Suite 125, Dallas, Texas 75243-5928.

Page  BANKERS DIGEST August 10, 2009 F E A T U R E BOARD GOVERNANCE vada – This $1.9 billion bank was or- without adequate risk management ganized on July 1, 1996, and closed on practices and controls. . . . This busi- The Board’s Role in Strategy September 5, 2008. Its total assets at ness strategy, coupled with weak risk and Risk Management in December 31, 2004, were $700 million management practices and controls, Good Times and Bad, Part I and, due to fast growth and a small left the bank unprepared and unable acquisition, were $1.9 billion when it to effectively manage in a declining By Dennis McCuistion closed. Eighty-five to ninety percent economic environment.” Bank Consultant of the assets were in real estate. The • Franklin Bank, Houston, Texas – Denison, Texas FDIC’s Office of Inspector General Franklin Bank was organized in 1987, [email protected] Report in March 2009 had this to say and when it closed on November 7, about the causes of the failure: 2008, it had $4.9 billion in assets with The bad news “Silver State Bank’s Board of Di- an estimated $1.4 billion loss to the is that over rectors allowed bank management to Deposit Insurance Fund. Franklin Bank BD 50 U.S. banks pursue a high-risk business strategy (continued on Page 11) have closed this year. The FEATURE good news is that only one in Texas has closed so. There will be more and perhaps a very large one before this series is finished. The question is, “Why have these banks closed?” My premise in this four-part series is that this crisis was primarily caused by poor government policy in conjunction with fraud, mismanage- ment, and lack of oversight by corpo- rate boards of directors. This series will largely exclude government poli- cies and instead focus on the board’s role in strategy and risk management in good times and bad. Part 1 will look at the board’s over- all responsibilities today. Part 2 will examine the board’s role in strategy. Part 3 will examine the board’s role in risk management, and part 4 will focus on why strategy and risk management must go hand in hand in good times and bad. It is obvious that the vast major- ity of banks will not close, and many will get through this bad time in fairly good order. So what were the boards at the failed banks thinking when their institutions got in trouble and/or closed?”

The directors of these two banks overlooked their pri- mary fiduciary obligations: the duty of care and the duty of loyalty.

Let’s take two examples: • Silver State Bank in Henderson, Ne-

August 10, 2009 BANKERS DIGEST Page  p e o p l e TEXAS Baker Is EVP, Bank of Bank of Texas Taps McQuiston and Parman Houston in Kingwood Vice President in Corporate Trust Department Bank of Houston has announced the Norm Bagwell, chairman/CEO, Bank career, she has administered a variety addition of Tim Baker as executive of Texas, N.A., Dallas, and Tim Cook, of account types, including housing, vice president of the new Kingwood corporate trust division manager, municipal gas, higher education, toll branch which is set to open later this BOK Financial Corporation, Tulsa, OK, road, hospital, certificates of partici- month. Baker joins Eric Corley at the have announced the appointment of pation, standby trusts, subscription, new branch at 2665C Royal Forest Dr. Kathy McQuiston to vice president and general escrows. With more than 28 years of bank- and relationship manager of Bank of Parman will focus primarily on in- ing experience, Baker joins Bank of Texas’ corporate trust group in Dallas creasing the profile and visibility of Houston from Amegy Bank where he and Ronda Parman as vice president the corporate trust division for cen- served as senior vice president. Previ- and business development officer of tral and south TX and throughout ously, he held positions at The Chase Bank of Texas’ corporate trust group the Greater Houston market. She has Manhattan Corporation and First City in Houston. nearly 20 years experience, most re- Bank of Humble. He holds a BBA de- McQuiston is a 15-year financial cently serving in the same capacity at gree in finance from Sam Houston industry veteran who most recently U.S. Bank and previously at Wachovia State University. served at The Bank of New York Mel- and JPMorgan Chase Q Active in his community, Baker cur- lon Trust Company. Throughout her rently serves as president of the Ro- tary Club of East Montgomery County, Worthington National Adds Lansford Is Developm’t Officer, investment officer and trustee of the Dowell and Sawyer as VPs Southwest Bank, Fort Worth Northeast Hospital Authority, and a Worthington National Bank, Arling- Southwest Bank has announced the member of the Humble Area Chamber ton, has announced the hiring of Amy hiring of veteran banker Bob Lansford as its new senior business develop- of Commerce Q Dowell and Lucas Sawyer as vice president and new client managers. ment officer. Emil Edward Beckmann, Dowell, a 10-year banker, most re- Lansford has 44 years experience Retired San Marcos VP, Dies cently served with Bank of America with the financial services company JP Morgan, where he most recently Emil Edward Beckmann, of Blanco, a and is a graduate of Southeastern served as a managing director in the retired vice president of First National Olahoma State University. private client services area. Bank in San Marcos, died on July 18 Sawyer, also a former Bank of Amer- A Fort Worth native, Lansford is a at age 78. He joined the bank in 1960 ica employee, holds a degree in busi- graduate of TCU and the Southwestern and retired in 1980, holding the posi- ness management and administration Graduate School of Banking at SMU, tion of vice president of operations from Indiana University Q Q and is a CPA. He serves as chairman of the board of directors for the Fort Worth Muse- um of Science and History and as an officer on the board of trustees for the Davey O’Brien Foundation. He also serves on the boards of Bass Perfor- mance Hall, the Southwestern Exposi- tion and Livestock Show, and the All Saints Hospital Foundation Q First Victoria Hires Mitchell as VP/Credit Services in Corpus Pete Mitchell has joined First Victoria National Bank, Victoria, as vice presi- dent and assistant manager in credit services at the 400 Mann St. office in Corpus Christi. Mitchell, a 27-year banker, has expe- rience in commercial and real estate lending. He holds bachelor’s and MBA degrees from The University of Texas Pan American Q Page  BANKERS DIGEST August 10, 2009 p e o p l e LOUISIANA Murray, Couvillon & Watsky MidSouth Hires McLemore as CFO and Join Fidelity Homestead SB Ups Leatherman to Vice President Fidelity Homestead Savings Bank, New Orleans, has announced that Thomas MidSouth Bancorp, parent company McLemore will oversee MidSouth’s of MidSouth Bank, N.A., Lafayette, has finance, accounting, tax and treasury Murray, Alan Couvillon, and Dan announced the functions, including asset/liability Watsky have joined the bank. Murray hiring of James management, profitability, and bud- is the regional vice president of retail McLemore as CFO geting. In addition, he will assist pres- for the Southshore, including Algiers, and senior execu- ident/CEO Rusty Cloutier in market Gretna, New Orleans East, as well as tive vice president. strategies and analysis. the Main and Uptown branches. Cou- He replaces Eustis McLemore graduated from the Uni- villon is an assistant vice president Corrigan, who left versity of Florida with a BS degree in serving dual roles as the new retail the bank to head accounting. branch manager for the Gretna branch the new Lafayette MidSouth Bank has promoted Mike and as Westbank business develop- office of Postleth- Leatherman, a 13-year banker, to vice ment officer. Watsky will serve as vice waite & Netterville. McLemore president and loan review officer/spe- president and manager of SBA and For the past sev- cial assets manager. He previously government guaranteed financing. en years, McLemore served as CFO and served as a a loan review officer. Murray most recently served as a executive vice president of Security Bank Leatherman will oversee the collec- district manager directly responsible Corporation in Macon, GA. He has more tions department and will be in charge of calculating the bank’s allowance for for all production and operations for a than 24 years of banking experience, loan and lease losses, performing in- district of eight retail bank branches, primarily as CFO for publicly-traded in- dividual loan reviews, and analyzing six parishes, and more than 120 em- stitutions, and is a CPA and Chartered Financial Analyst. the risk in the bank’s loan portfolio. ployees. He holds a BA degree in econom- Couvillon, a 20-year banker, served ics from the University of Virginia and ten years as a mortgage loan origina- an MBA degree from UL Lafayette. He tor and has also served as a personal Watsky goes to Fidelity with over 25 is a Certified Lender Business Banker banker, consumer loan specialist, and years of experience in SBA and com- and also completed the loan review branch manager. mercial lending throughout LA Q certificate programQ

August 10, 2009 BANKERS DIGEST Page  p e o p l e NEW MEXICO ARIZONA OKLAHOMA First Community Names Burson Named Senior BOK Financial Promotes Martinez Senior VP Workout Officer, MidFirst Hendrickson to SVP, Taps 5 MidFirst Bank, Phoenix, has an- Stanley A. Lybarger, president and First Community Bank in Albuquerque nounced Chris Burson as vice presi- CEO, Bank of Oklahoma, N.A., Tulsa, has announced the dent and senior workout officer for the and BOK Financial Corp., has an- promotion of Irma bank’s credit risk management team. nounced Ronald Hendrickson was Martinez to senior He joined the bank in April. promoted to senior vice president, vice president and Burson previously served with JP consumer loan administration man- mortgage manag- Morgan Chase Bank for over three years ager in the consumer division. He er. She is responsi- as vice president and client executive, joined BOk in 1989. ble for overseeing and three years as assistant vice presi- Bruce Brenneman was appointed all aspects of the dent and senior underwriter in the real vice president, commercial credit train- mortgage function estate banking office. He earlier worked ing manager, commercial division. He for First Commu- as an analyst at Bank One. previously served with Spirit Bank. nity Bank including Martinez Burson earned a BBA degree in Shannon Duncan was appointed sales, operations, from Ohio State University vice president, marketing and SLS ad- credit quality, and compliance. She Q ministration manager, in the trust di- joined First Community in 1999 as se- the promotion of Patrick L. Gabal- vision. Previously, Duncan served with nior mortgage loan officer and most

don to assistant vice president and JP Morgan Chase Bank.

recently served as vice president and product manager. He is responsible Janet Mallow and David Steen Jr. market area manager. for retail product development. He were appointed vice president, corpo- Martinez is a graduate of the Rob- joined First Community in 2006 as an rate loan document analysts, in the ert O. Anderson School of Manage- operations analyst. His banking expe- operations & technology division. ment at UNM and a member of the rience extends 15 years with positions Douglas Maxham was appointed Mortgage Lenders Association. in operations and management for vice president, secondary marketing First Community also announced manager in the BOMC division Charter Bank and Bank of America Q Q

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Page  BANKERS DIGEST August 10, 2009 N E W S W A T C H LOUISIANA OKLAHOMA TEXAS Gulf Coast Bank and Trust IronStone Bank Opens FirstBank Southwest Opens Tops $1 Billion in Assets Second Oklahoma City Office New Amarillo Banking Center New Orleans-based Gulf Coast Bank and IronStone Bank, Fort Myers, FL, has FirstBank Southwest, Amarillo, has Trust Company has reported its total as- opened its second office in a 6,000- opened its Gem Lake Banking Center sets crossed the billion-dollar mark at square-foot building in Oklahoma City at 5725 W. Amarillo Blvd. near Har- the end of the second quarter, attribut- at 4501 W. Memorial Dr. near Mercy rington Regional Medical Center. The ing the milestone to consumer growth Health Center, reported David Braly, branch is the fifth Amarillo location from new offices in Baton Rouge, New the bank’s OK area executive. for the FirstBank Southwest. Orleans, and Jefferson Parish. IronStone opened its first Oklaho- FirstBank Southwest also operates The bank’s total assets were ma City office in April 2008 at 3535 NW banking offices in Booker, Hereford, $1,023,080,093 at June 30, ranking the 58th St. in the Landmark Towers Pampa, and Perryton bank among the five largest LA-head- Q Q quartered banks, the bank reported in a news release. Gulf Coast Bank CEO Guy Williams said he has been surprised and en- You face big courged that a significant number of young families have been moving into CHALLENGES. the greater New Orleans area. For the We have lawyers who will help you through them. bank, this has resulted in a record number of mortgage loan originations in each of the last three months Q ARIZONA Alerus Financial Opens First Phoenix Market Location Alerus Bank and Trust has opened an office at 13373 N. Plaza Del Rio Blvd. in Peoria after waiting over a year to es- tablish a retail presence in the Phoenix market, according to an article by Chris Casacchia in the Phoenix Business Journal. The ND financial firm, operating in partnership with Alerus Financial Corp., acquired the location in late IN A PERFECT WORLD, the pathways to success are clear. But banks June from Meridian Bank, N.A., Wick- and financial institutions live in the real world. Cox Smith knows that enburg, which said “the branch did not means handling workouts, collections and special asset sales—defending fit into our scheme.” lender liability lawsuits—and responding to new regulations. We Ward Hickey serves as Alerus understand today’s challenges and are a strong partner for your business. Bank’s AZ president Q TOO BIG TO FAIL Bank of America to Cut 10% of Branch Network Bank of America Corp. CEO Ken- neth Lewis recently told investors he P R A C T I C A L A D V I C E F O R T H E R E A L W O R L D is planning to shrink the company’s 6,100-branch network by about 10%. According to the president of BofA’s consumer and small business bank, the driving force for the closings is Karen Neeley was selected by her peers as a Go-To Lawyer in Banking Law—2007, Texas Lawyer changing customer preferences and the shift to online and mobile banking AUSTIN | DALLAS | MCALLEN | SAN ANTONIO | COXSMITH.COM Prior results do not guarantee a similar outcome and depend on the facts of each matter. Attorney advertising. and away from traditional brick-and- Copyright 2009 Cox Smith Matthews Incorporated. All rights reserved. mortar branches Q Cox Smith_Banking Ad August 10, 2009 BANKERS DIGEST Page  Bankers Digest 020609 4.75 x 7.5 r e g u l a t o r s tions by Southern Bancorp Bank of Ar- The TXDB has received an applica- kansas, Arkadelphia, for the mergers of tion by United Central Bank, Garland, C h a r t e r Southern Bancorp, Ruleville, MS, and for a branch at 280 Legacy Dr., Plano. Southern Bancorp Bank, N.A., Helena, The TXDB has approved an appli- with and into Southern Bancorp Bank cation by Community Trust Bank of a c t i v i t y of Arkansas. Texas, Dallas, for a branch at 4909 W. Texas Park Blvd., Ste. 107, Plano. Arizona CHARTERS The TXDB has received an application BRANCHES The TEXAS DEPARTMENT OF by TransPecos Banks-Iraan for a branch The OFFICE OF THE COMPTROL- BANKING has received an applica- at 1900 S. Stockton Ave., Monahans. LER OF THE CURRENCY has received tion for Texas State Bank, 2323 E. Ty- The TXDB has approved an appli- an application by Bank of America, ler Ave., Harlingen. Contact is Peter cation by Herring Bank, Amarillo, to N.A., Charlotte, NC, for a branch at Weinstock, 214/468-3395. relocate a branch from 101 S. Main St. 6026 S. 7th Ave, Phoenix. BRANCHES to 323 N. Main St., Seymour. The TEXAS DEPARTMENT OF The OCC has received applications The TXDB has approved an appli- BANKING has approved an applica- by Citibank, N.A., Houston, to relocate cation by Texas Bank and Trust Com- tion by Comerica Bank, Dallas, TX, for branches: from 2000 W. Sam Houston pany, Longview, for a branch at 2323 a branch at 1959 E. Camelback Rd., Pkwy. S., Ste. 175, and 2620 W. Sam W. Grande Blvd., Tyler. Phoenix; received applications for Houston Pkwy. S. to 12591 Westheimer The TXDB has approved an applica- 2200 S. Gilbert Rd., Chandler, and 1831 Rd., Houston. tion by Bank of Houston for a branch N. Pebble Creek Pkwy., Goodyear. The OCC has received applications (temporary) at 2665B Royal Forest Arkansas by Amegy Bank, N.A., Houston, to Dr., Ste. 100, and permanent at 2665C MERGERS AND ACQUISITIONS relocate branches: from 1110 North Royal Forest Dr., Kingwood. The ARKANSAS STATE BANK DE- Loop 336 W., Conroe, to 3020 I-45 N., The TXDB has approved applications PARTMENT has received an applica- Conroe; and from 5631 Broadway to by Vista Bank, Ralls, for branches: 4621 tion by Central Bank, Little Rock, for 5408 Broadway, San Antonio. 50th St. & 4515 98th St., Lubbock. the merger of Pinnacle Bank, Rog- The TXDB has received/approved The TXDB has received an appli- ers, with and into Central Bank to be an application by Guaranty Bond cation by IBC-Laredo for a branch at known as Pinnacle Bank. Bank, Mount Pleasant, for a branch at 2901 S. Capital of Texas Hwy., Austin. The ARSBD has received applica- 101 W. Main St., Atlanta. The TEXAS DEPARTMENT OF SAV- INGS AND MORTGAGE LENDING has received an application by Spirit of Texas Bank SSB, College Station, for a branch at 720 N. Post Oak Rd., Houston. The OFFICE OF THRIFT SUPER- VISION has received an application by ViewPoint Bank, Plano, for a branch at 3490 FM 544, Wylie. MERGERS AND ACQUISITIONS The TXDB has received an applica- tion by Happy State Bank, Happy, for the merger of The First National Bank of Canadian, Canadian, with and into Happy State Bank. The TXDB has received an appli- cation by Access 1st Capital Bank, Denton, for the merger of Town Center Bank, Coppell, with and into Access 1st Capital Bank. The TXDB has received an appli- cation by Texas First Bank, Texas City, to merge Texas First Bank-Winnie with and into Texas First Bank, Texas City; and withdrawn an application to P& A Texas First Bank-Winnie. The TXDB has received an applica- tion by Texas First Bank-Winnie to re- locate its home office to 500 N. Akard, Ste. 4200, Dallas, and received an ap- plication to merge with and into Union Bank, N.A., San Francisco, CA Q Page  BANKERS DIGEST August 10, 2009 C L A S S I F I E D Laid off due to bank merger. 32 ARKANSAS! I help great Bankers find B a n k e r s D i g e s t years experience in bank opera- great job opportunities. I work exclu- HOW TO CONTACT US tions, 29 of those years in bank sively with bankers. Confidential to Jon Fax to 214/221-4546. Mail responses management from Cashier to SVP. Davis, Babich & Associates, 214/823- to Box Number c/o Bankers Digest, Experience includes personnel man- 9999, [email protected], or www. 9550 Forest Lane, Suite 125, Dallas, TX agement, bank accounting, teller babich.com. 75243-5928. Phone: 214/221-4544. operations, lobby services, accounts email: bankersdigest@bankersdigest. payable, payroll, board reporting, in- CREDIT ANALYST MANAGER: De- com vestments, data processing support, velop and implement formal credit training program for Independent Advertising rates are $35.00 for the first 25 liquidity, dependency, rate sensitivity Bank. Complex credit experience is words; $10.00 for each additional 10 words analysis, light consumer lending, and required. Mark Mitchell, Lone Star per insertion. Ads which use a Bankers Digest all other areas of daily bank opera- Search, 972.335.9009, www.lone box number for forwarding responses will be tions. Have already climbed the cor- charged $5.00 additional per insertion for porate ladder and now would love to starsearch.net. postage and handling. Ads run on Bankers finish my banking career by helping SENIOR OPERATIONS OFFICER: Digest website for the duration of the advertis- a small to medium size bank obtain Great location! 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August 10, 2009 BANKERS DIGEST Page  C L A S S I F I E D portunity for #2 officer. Send resume it analysis, or commercial loans OR will be engaged on a “contract” basis, and salary requirements to mmccreary@ 3 years minimum experience in loan typically for one-week engagements. lnbrockwall.com. review, credit analysis, or commercial Sunday evening travel is expected, loans. Please apply in person at 1501 and professional appearance is re- First National Bank of Baird has an Avenue Q, Lubbock, Texas, or email quired. Must provide own laptop with immediate opening for a LENDER/ resume to [email protected]. Office 2007. Qualified candidates BRANCH MANAGER at its Clyde office. send resumes to [email protected]. Three to five years experience pre- SENIOR LOAN WORKOUT OFFICER ferred, with experience in all phases for a community bank in the DFW Community bank in Eastern Oklahoma of lending including light commercial, area with multiple locations. Ideal is seeking an experienced lender. ag, real estate, and consumer. The candidate must have experience and Applicant needs 2+ years experience ideal candidate should possess ex- expertise in commercial loans and in consumer lending, some agricultur- cellent business development skills, commercial real estate loans. Spe- al and commercial lending, and busi- as well as some managerial experi- cial Asset workout experience a plus ness development experience pre- ence. Please forward resume to First and position will directly report to ferred. Seeking a community-minded, National Bank, PO Box 968, Baird, TX the CEO. If you have approximately customer friendly candidate. Please 79504, ATTN Ron Keller, SVP, or email 5 years of experience during your respond to bankersdigest@bankers- to [email protected]. banking career with commercial loan digest.com, subject line Box A-1. workout and you have strong financial Texas Panhandle community bank and analytical skills with good com- Small community bank in southwest seeking experienced ag/com- munication techniques, please send Texas seeks professional to provide mercial lender. Must be sales your resume in confidence to overthe- external audit/tax preparation servic- oriented and self-motivated. Excel- [email protected]. es on a contract basis. Please respond lent benefit package. Salary com- to bankersdigest@bankersdigest. mensurate. Please send resume to Bank Consulting Firm seeking expe- com, subject line Box A-2. [email protected], rienced loan review contrac- subject line Box Y-1. tors. 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North American Buildings, 888- 2308 Michigan Court Arlington, Texas 76016 800-8866, www.NorthAmerican- fax (817)261-6583 www.heflinbuildings.com Buildings.com.C Page 10 BANKERS DIGEST August 10, 2009 F E A T U R E N E W S W A T C H Board Governance (continued from Page 3) and management must be “construc- Texas Banks Assume Two tively engaged” in the process. While was funded 98% by Federal Home Failed Banks’ Deposits each bank is different, the process in Loan Bank advances, brokered CDs, which board and management engage Five banks were closed by regulators and certificates of deposit in excess of in strategic thinking and planning is on July 31, bringing the year-to-date $100,000. The FDIC’s Office of Inspec- crucial. total to 69 failed institutions; the FDIC tor General had this to say: “Franklin’s A few years ago a major account- was appointed receiver. Board of Directors allowed bank man- ing firm polled investors on what they First State Bank of Altus, Altus, OK, agement to pursue a high-risk busi- looked for, other than financial met- was closed by the Oklahoma State ness strategy without adequate risk rics, before they made an investment Banking Department. The FDIC en- management and controls.” in a company. Here is what they said: tered into a P&A agreement with Her- If you want to read the post mor- (1) strategy execution, (2) competent ring Bank, Amarillo,TX, to assume all tem of failed banks, go to www.fdicig.gov. management, (3) quality of the strat- the deposits and purchase approxi- You will find a pattern similar to the egy, (4) innovativeness, and (5) ability mately $64.4 million of assets. First comments above. Many of the banks to attract talented people. State Bank had total assets of $103.4 that have closed in the last couple of million and deposits of approximately When two of the top five compo- years did so because their strategy fo- nents involve strategy, it goes without $98.2 million as of June 19, 2009. The cused primarily on real estate. saying that this is where the board’s FDIC estimates the cost to the DIF will The directors of these two banks focus should be. Risk will be discussed be $25.2 million. overlooked their primary fiduciary ob- much more, and in particular, com- Integrity Bank, Jupiter, FL, was ligations: the duty of care and the duty pliance issues in parts 3 and 4. Sub- closed by the Florida Office of Finan- of loyalty. Directors are charged with sequent articles will emphasize the cial Regulation. The FDIC entered using their best business judgment, point that discussing strategy without into a P&A agreement with Stonegate and acting in good faith, to oversee considering risk is a non-starter Bank, Fort Lauderdale, FL, to assume and monitor the actions of manage- Q all of the deposits and purchase ap- ment. Risk management is part of that proximately $52 million of assets. In- fiduciary duty. tegrity Bank had total assets of $119 About the author: Dennis McCuistion In addition to the statutory fiduciary million and total deposits of approxi- is a television talk show host and a “recover- duties, a good board member should: mately $102 million as of June 5, 2009. ing banker” who works with banks and other The FDIC estimates the cost to the DIF businesses on developing competent boards of 1. Understand the banking industry. will be $46 million. directors and facilitating strategic planning 2. Care passionately about the bank’s Peoples Community Bank, West sessions. Mr. McCuistion can contacted at success. Chester, OH, was closed by the OTS. The [email protected] or at 903/464- 3. Know what good board members do FDIC entered in a P&A agreement with 9555. The television programs can be viewed – and then do it. First Financial Bank, N.A., Hamilton, online at www.mccuistiontv.com. OH, to assume all of the deposits and As a long time member of the Na- tional Association of Corporate Direc- (continued on Page 12) tors (NACD) and as someone who has served on both large and small pub- licly traded boards and audit commit- tees in the last few years, I constantly am amazed at the lack of qualifications McCuistion & Associates, Inc. of many board members and their in- 305 W. Woodard, Suite 210 ability to fulfill their duties. Denison, TX 75020 [email protected] (903)464-9555 ...discussing strategy with- Dennis McCuistion out considering risk is a Works with Boards of Directors to help them achieve competitive advantage non-starter. & Facilitates strategic planning and other corporate meetings

At the same time, I believe that a I am indebted to Dennis. He delivered beyond any hope or expectation good board can be a competitive ad- for our board. vantage if it is composed of the right Michael Menzies, CEO, Easton (MD) Bank & Trust, Chairman ICBA 2009 people combined with appropriate leadership. An NACD Blue Ribbon Thank you for facilitating an outstanding strategic planning session for the Commission report on the board’s role directors and management of Lincoln Bank. Lincoln Federal Saving Bank in strategy concluded that the board

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Failed Banks (continued from Page 11) purchase essentially all of the assets. Peoples Community had total assets of $705.8 million and total deposits of ap- proximately $598.2 million as of March 31, 2009. The FDIC estimates the cost to the DIF will be $129.5 million. First BankAmericano, Elizabeth, NJ, was closed by the New Jersey Depart- ment of Banking and Insurance. The FDIC entered into a P&A agreement with Crown Bank, Brick, NJ, to assume all of the deposits and purchase es- sentially all of the assets. First BankA- mericano had total assets of $166 million and total deposits of approxi- mately $157 million as of July 16, 2009. The FDIC estimates the cost to the DIF will be $15 million. Mutual Bank, Harvey, IL, was closed by the Illinois Department of Finan- cial Professional Regulation-Division of Banking. The FDIC entered into a P&A agreement with United Central Bank, Garland, TX, to assume all of the deposits and to purchase essen- tially all of the assets. As of July 16, 2009, Mutual Bank had total assets of $1.6 billion and total deposits of approximately $1.6 billion. The FDIC estimates the cost to the DIF will be $696 million Q Page 12 BANKERS DIGEST August 10, 2009