Goodroe Upped to SVP, M&I Bank in Phoenix Beck Named Frost Bank

April 12, 2010 www.bankersdigest.com Volume 136, No. 15 Beck Named Frost Bank BBVA Compass Moves Dawson & Jones Named Houston, TX, President Brown as Area President SVP, Southern Bancorp Dave Beck, a TX banking executive with Daniel R. Brown has been appoint- Arkadelphia, AR-based Southern Ban- more than 30 years of experience, has re- ed Beaumont and Port Neches area corp has announced that Suzanne turned to Houston president and re- Dawson has been as president of the gional commercial promoted to senior Houston region for manager for BBVA vice president and San Antonio-based Compass, accord- senior retail offi- Frost Bank, reporting to Jim Recer, cer. Dawson’s re- ed Dick Evans, Cul- South TX regional sponsibilities will len/Frost president executive. include broad ar- and CEO. Brown was pro- eas of retail branch Beck has 27 moted to the posi- administration years of experi- Beck tion after serving Brown including: branch Dawson ence in the Houston as area president staff oversight and business market. A native of Amarillo, and commercial staff training, customer service, inter- he has worked at Frost for virtually his manager for the Temple, Belton, and est rate offerings, entire banking career. After earning a Salado markets. He began his 24-year and new product BBA degree at SMU and working as a banking career with Capital One Bank development. trainee at First National Bank of Ama- (previously ArgentBank and Hibernia Pam Jones has rillo, he moved to Houston to work for National Bank). He left Capital One been promoted to Cullen Bankers, joining Frost in 1977 Bank in August 2006 to join BBVA senior vice presi- when Cullen merged with Frost. He be- Compass when he was named to his dent and senior came regional president for Houston in previous position in Central TX. loan operations of- 1992 and moved to San Antonio in 1999 A LA native, Brown earned a BS ficer. Her responsi- to become president of state regions for degree in finance from Nicholls State bilities will include Jones the Houston and Dallas/Fort Worth re- University and attended the Graduate oversight of loan op- gions. In 2001, he was named president School of Banking at LSU Q erations functions. of business banking administration She will manage loan products and related software systems and coordinate and chief business banking officer, a position he will continue to hold Q loan operations staffing and trainingQ Arizona B&T Hires Goodroe Upped to SVP, Please route this issue: Carney, Fisher, Romero M&I Bank in Phoenix Three former employees of Irwin Janet Riggins Goodroe has been Union Bank, Phoenix, AZ, have taken promoted to senior vice president of In This Issue... positions with Arizona Bank & Trust. M&I Bank’s Arizona region in Phoenix. Mike Carney, a vice president with 26 She is a retail credit manager and has Federal Appeals Court Renders years experience, is serving in the bank’s served with M&I Bank since 1985,most treasury management department. Opinion in Subchapter S Case recently as a vice president. Sherie Fisher, a 14-year banker, is Legal Phases...... 3 personal banker assistant. Riggins Goodroe is a certified cred- Myra Romero, a 26-year banker, is it counselor with Consumer Credit Charter Activity...... 9 vice president/treasury management Counseling/Money Management In- officer at 2036 E. Camelback Rd., ternational. She is an active volunteer Classified...... 10 with Interfaith Christian Ministries Phoenix Q Q p e o p l e TEXAS Smith Ellis Named Chairman, FirstPerryton Bancorp, Amarillo Smith Ellis has been named chair- Bancorp Inc., the parent of FirstBank board of directors. man of the board for FirstPerryton Southwest, Amarillo, where he serves Smith Ellis was appointed to the as president/CEO. FirstBank Southwest board of direc- Coming Soon He will continue tors in 1996 and joined the bank’s se- in this position. nior management team as executive PRINT and ONLINE Smith Ellis suc- vice president in 2004. He was named ceeds Carl Ellis, president/CEO in 2006. who has served He earned a BBA degree in manage- as chairman since ment at The University of Texas at Aus- 1984. They are tin and is a CLU. He served nine years fourth generation for Higdon and Higdon Insurance, as members of the director of operations for Aon Consult- Ellis family which Smith Ellis ing, and held a similar position at Frost has led the bank since the 1930s. Carl Insurance Agency, a division of Frost Ellis will continue to serve on the Bank, through 2004 Q Messinger Joins United Texas Bank, Dallas, as SVP of Commercial and Healthcare Lending Marcia B. Messinger has joined Unit- organ Chase Bank managing private ed Texas Bank, Dallas, as senior vice banking services and commercial real president of com- estate portfolios. mercial and health- Messinger is a graduate of the For the online version, go to care lending. University of Wisconsin and holds a www.texasredbookonline.com. Prior to joining masters degree from West Texas A&M Sign up for a 7-day trial subscription. United Texas Bank, Messinger held se- University. She is an active volunteer Online subscriptions less than at Baylor Regional Medical Center $15 per month! nior positions with Comerica Bank, Plano, CASA, Northwood Women’s To order your print version, call Frost National Club, and the President’s Research 800-336-1120 or visit Bank, Northern Council Southwestern Medical www.texasredbook.com. Messinger Trust, and JPM- School in Dallas Q

BONNIE JAMISON BLACKMAN, Publisher/Editor 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 One year subscription rate: Print $37.00, Online $26.00; Both $50.00. 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 April 12, 2010 l e g a l p h a s e s Subchapter s Alerts. “Mr. and Mrs. Vainisis own a deducted from their taxable income holding company that in turn owns all the entire interest expense that their Federal Appeals Court the stock of First Forest Park National QSub bank had incurred in borrower- Renders Opinion in Bank and Trust Company. Until 1997, ing money with which to buy those ob- Subchapter S Case both the holding company and the ligations. The Tax Court held that the bank were conventional corporations, Vainisis were entitled to deduct only C corporations. But that year the hold- Excerpts from Sources: 80% of that expense; its decision has ing company became an S corporation www.aba.com, www.judicialview.com, received a good deal of critical com- and the bank became a QSub. In 2003 www.gklaw.com mentary.” (www.judicialview.com) and 2004, the bank earned tax-free The appeals court reversal also interest income on what are called questions the validity of how the IRS On March “qualified tax-exempt obligations.” interpreted the code in the agency’s 17th the U.S. 26 U.S.C. § 265(b)(3)(B). The Vainisis (continued on Page 12) BD Court of Ap- peals for the Seventh Cir- FEATURE cuit in Chi- cago issued a decision in an important Subchapter S “TEFRA” (Tax Equity and Fiscal Re- sponsibility Act) disallowance tax case (Vainisi v. Commissioner of Internal Revenue, No. 09-3314 U.S. 5th Cir. 2010) which is favorable to Subchapter S banks. (Ac- cording to the FDIC, 31% of all federally insured banks are either subchapter S corporations or qualified subchapter S, by number not deposits.) The decision reversed the decision of the U.S. Tax Court that favored the Internal Revenue Service’s position. The question decided on appeal was whether subchapter S (Sub S) corporations or qualified subchapter S subsidiaries (QSub) can deduct all or merely part of the interest expense that they incur to purchase certain tax-exempt bonds. The appeals court disagreed with the IRS’s position that a Subchapter S bank after its third year of Sub S status is still subject to the 20% interest-expense disallowance rule under the Internal Revenue Code’s Section 291—even if the entity is an independent S corporation or a qualified Sub S subsidiary. The Court opined that “[t]he government’s in- terpretation would deprive certain S corporations, including the Vainisis’ bank, of the privileges that Congress gave S corporations that don’t fall into the recency exception (the exception for corporations that were C corporations at some time in the preceding three years)—deprive without basis in the language of the regulation or of its authorizing statute.” www.aba.com The facts of the case are as follows from The Judicial Review Case Summary

April 12, 2010 BANKERS DIGEST Page p e o p l e TEXAS First Financial Bank Abilene Announces Promotions Mineral Wells Bank CEO First Financial Bank, N.A., Abilene, the South Office. She has served with Tommy Michaels Retires has announced the promotion of six the bank for five years, holding posi- Tommy Michaels, president/CEO of officers to assistant vice president and tions of teller, personal banker, assis- Titan Bank, N.A., Mineral Wells/Gra- of employees to assistant cashier. tant manager and retail manager. She ford, has announced his retirement Promoted to assistant vice presi- earned a BBA degree in finance and after 20 years of service with the bank. dent were the following: management from McMurry Univer- The 50-plus-year banker will continue Ginny Feaster, collections manag- sity. to serve on the bank’s board of direc- er. She is a 19-year banker and joined Tricia Patlan, operations manag- tors. The announcement was made by the bank in March 2009. er for First Financial Mortgage at the Carl Esrey, chairman of the board of Raquel Garza, retail manager of the South Office. She has served with the Titan Bank. South Office. She joined the bank in mortgage department for 10 years. Michaels joined the bank, then 1998 and has served as a teller, CSR, Promoted to assistant cashier were known as First National Bank, Graford, and retail manager at the River Oaks the following: in 1990 as vice president and cashier. Office. Mary Rodriguez, retail manager in He was promoted to president/CEO in Sandra Gowens, commercial loan the Downtown Office. She previously 1992. officer in the Downtown Office. She served as retail manager of the United Michaels began his banking career holds a BBA degree in accounting from Supermarket Office. She joined the in 1958 at Home State Bank in Roches- McMurry University. She has served as bank in 2002 and has served as a teller ter, TX, during high school. He served a credit analyst since 2008. and personal banker. as a community banker holding posi- Landon Hammond, consumer loan Donita Watkins, retail supervisor in tions at Haskell National Bank, The officer. He joined the bank in 2009 and Clyde. She joined The Peoples State Peoples State Bank in Clyde, and In- holds a BS degree from Texas Tech Bank in Clyde, now First Financial terFirst Bank in Abilene. He graduated University. Bank, in 2003 and has served as teller from SWGSB at SMU in 1974. Lindsey McBride, branch man- supervisor, loan assistant, collections Michaels and his wife Barbara plan ager for First Financial Mortgage at teller prior to her promotion Q to travel, spend more time with their grandchildren, and remain a continu- Retired Slaton Bank President ing part of the Titan Bank family. Jeff D. Wilson Dies at Age 73 Titan Bank has a 103-year history Retired CitizensBANK Slaton presi- serving Palo Pinto County with loca- CREDIT dent Jeff D. Wilson died on March 25 tions in Mineral Wells, Graford, and INSURANCE Possum Kingdom DIVISION at the age of 73. He served as president Q from 1979 until 2001 and remained on the bank’s board and on the executive nesses.” committee until his death. Blake Boyd, CitizensBANK presi- Wilson was born on April 23, 1936, dent/CEO who succeeded Wilson as in Parnell. He served as a banker most president said, “he always had a smile on his face.” AMERICAN NATIONAL of his adult life, working for banks in INSURANCE COMPANY Lubbock, Wellington, Amarillo, and Wilson was active in professional, Slaton. According to his obituary, in civic, and community organizations. Texas banks rely the Amarillo Globe-News, he “was a men- He had a lifelong love of music and was on credit life tor to many future leaders and helped active in the West Winds Brass Band services from many to start and to grow their busi- where he played the trombone one of Texas’ Q largest and most substantial insurance companies. A pledge of service and stability, and the strength to back it up. (800) 899-6502 FAX (281) 535-7440 CID0050

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Page BANKERS DIGEST April 12, 2010 p e o p l e ARKANSAS ARIZONA LOUISIANA Chandler and Bextermueller Yates and Francis Hired, Retired Chase Trust Banker Upped at Bank of the Ozarks Comerica in Phoenix Market Thomas Warren Ogden Jr. Dies Bank of the Ozarks in Little Rock has Comerica Bank recently hired Michele Retired Baton Rouge Chase Bank trust recently promoted Tina Chandler to Yates as assistant vice president and banker Thomas Warren Ogden Jr. assistant vice president of accounting banking center manager of the new died on March 20 in Houston, TX, at in Little Rock. She previously served Scottsdale – McDowell branch slated the age of 82. as senior accountant. She attended to open later this year. Previously, she Ogden was born on September 8, the University of Arkansas at Little was a vice president and business de- 1927, in Shreveport. He served in the Rock and University of Central Arkan- velopment officer for Central Arizona U.S. Army and was a graduate of Texas sas in Conway. Bank, formerly Valley First Community A&M University, class of 1950. Kristen Bextermueller has been Bank. She has more than 21 years of He began his working career as a promoted to senior accountant Q experience in the financial industry station masters clerk in Minden and and is a graduate of the Pacific Coast developed a life-long love of railroads, Halsell and Moll Join First Banking School, where she was presi- becoming an avid collector of model Security Bank in Little Rock dent of the Class of 2009. railroad cars which are now on display First Security Bank in Little Rock has Laith Francis has joined the bank in the KCS Railroad museum in Kan- recently hired J.C. Halsell to serve as assistant vice president and bank- sas City. as a commercial loan officer in Little ing center manager of the 44th and He lived in Baton Rouge for 44 years Rock. He serves in business develop- Thomas branch in Phoenix. Previously, where he served with JPMorgan Chase ment. In addition to his banking re- she was a banking center manager for Bank and its predecessors . He retired sponsibilites, Halsell is considered to Bank of America. She has more than as a senior vice president of the trust be one of the top executive golfers in six years financial industry service Q department Q AR. He is a regular player at the ASGA State Four Ball Tournament. Monyer Tapped at Johnson Bank in Phoenix Dudley Moll has been hired as a Stephen Monyer has joined Johnson relationship manager. He previously mortgage specialist Q Bank, Phoenix, as vice president and served 10 years with Wells Fargo Bank Q

April 12, 2010 BANKERS DIGEST Page p e o p l e TRADE ASSOCIATIONS NEW MEXICO ICBA Inducts MI Banker MacPhee as Chairman Sanghavi & Trujillo Are AVPs, During the ICBA National Convention vice chairman and president/CEO, Community Bank, Santa Fe and Techworld in Orlando in March, Grand Rapids State Bank, MN. Community Bank, Santa Fe, has an- ICBA formally inducted a new slate R. Michael (Mike) S. Menzies Sr., nounced the promotion of Bhavin of officers and executive committee ICBA 2009-2010 chairman and CEO of Sanghavi and Pamela Trujillo to as- members for 2010-2011. James D. Easton Bank and Trust Co., Easton, sistant vice president. MacPhee, CEO of Kalamazoo County MD, rotates into the immediate past Sanghavi has responsibilities in mer- State Bank, Schoolcraft, MI, was in- chairman position. chant services and electronic banking ducted as chairman of the ICBA board Past ICBA Chairman: Cynthia L. products. He holds a degree in man- of directors. He and ICBA president/ Blankenship, vice chairman and agement of information systems and CEO Camden R. Fine will lead the 11- COO, Bank of the West, Grapevine, TX, an MBA degree in finance from the member executive committee. and Terry J. Jorde, CEO, CountryBank University of Central Florida. Also inducted at the convention USA, Cando, ND, round out the mem- Trujillo serves as a mortgage lend- were the following: chairman-elect, bership of the executive committee. ing officer, servicing the mortgage Salvatore Marranca, president/CEO, MacPhee has served on the ICBA lending area of the bank. She is active Cattaraugus County Bank, Little Val- executive committee for two years in community affairs, serving as sec- ley, NY; vice chairman, Jeffery L. and has served the association for 25 retary of the Santa Fe chapter of the Gerhart, chairman, Bank of Newman years, serving on nearly every ICBA Women’s Council of Realtors. Grove, NE; treasurer, Jack A. Hart- standing committee as well as several Community Bank was established ings, president/CEO, The Peoples special-issue task forces and advisory in 1973. It operates offices in Santa Bank Co., Coldwater, OH; secretary, panels. He has served as ICBA Michi- Fe, Los Alamos, Espanola, Albuquer- Wayne A. Cottle, president/CEO, gan state director and president of the que, and Tierra Amarilla Q Dean Bank, Franklin, MA; directors at Michigan Association of Community large, Charles F. Harper, chairman Bankers and on the board of the Fed- Michigan Graduate School of Bank and president, The Commercial Bank eral Home Loan Bank of Indianapolis. Management. He served in the U.S. He is a graduate of the University of of Ozark, AL, and Noah W. Wilcox, Army in Vietnam Q We Are a Community Bank Builder

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Page BANKERS DIGEST April 12, 2010 p e o p l e N E W S W A T C H OKLAHOMA LOUISIANA Combs, Delgado, Mason & Home Federal in Shreveport Reports Future Growth Plans Schroeder Upped Bank2 Home Federal Bank in Shreveport, es- An office at 8990 Mansfield Dr. in tablished in 1924, has weathered the Shreveport will move to a new location Bank2, Oklahoma City, has announced recent financial situation successfully on the corner of Mansfield and Bert the promotion of Jennifer Combs, enough to seek expansion, accord- Kouns Industrial Loop later in April. Cynthia Delgado, Sheri Mason, and ing to an article by Bobbie J. Clark in Home Federal operates three of- Mary Schroeder. The announcement Shreveport’s The Times. fices in Shreveport and a commercial was made by CEO Ross A. Hill. Home Federal has recently pur- division on Youree Dr. President/CEO Combs was promoted to vice presi- chased property on Viking Dr. in Boss- James Barlow said the bank is evalu- dent and director of human resources. ier City for a new permanent branch. ating expanding its current headquar- In her new capacity, she will help over- The bank will open a temporary office ters office in downtown Shreveport or see the growing human resources ac- on the site later this year. building a new officeQ tivities for the bank and its branches. Delgado, who serves as controller, was promoted to assistant vice president. For the past five years, she has held various positions within Bank2. Mobile Banking Mason has been promoted to vice president and branch operations manager. She manages the opera- tional and customer service functions On The Go! for Bank2’s branches. She joined the bank in 2008. Schroeder was promoted to vice Use Your Phone To: president and director of operations • Transfer Money Between support. She oversees all bookkeep- Accounts ing functions Q • Check Account Balances Sullivan, McClendon, Stanton, • View Transaction Details Beech Upped First Fidelity First Fidelity Bank, N.A., Oklahoma City, has announced the promotion of Shannon Sullivan, Marcie McClen- don, Angie Stanton, and Whittney Beech. Sullivan was promoted to vice president of benefits and payroll manager. McClendon was promoted to assistant vice president and customer service relationship. Stanton was promoted to assistant vice president and customer service relationship. Beech was promoted to banking officer and public relations managerQ McCovern Promoted to VP, Arvest in Downtown Tulsa SharpImage Internet Mobile ATM/Debit Remote Platform Check System Arvest Bank has announced the pro- Banking Banking Card Processing Deposit Automation motion of Rebecca McGovern to vice president and sales coordinator in Tulsa. McGovern has served with Arvest for 15 years and works out of the 817-553-2550 • www.sharpbancsystems.com bank’s downtown location at 502 S. “Fully Integrated PC-Based Community Banking Software Applications” Main St Q April 12, 2010 BANKERS DIGEST Page N E W S W A T C H TEXAS ARKANSAS Encore Bancshares, Houston, to Divest Its FL Assets Evolve Bank & Trust Enters After eight years in the Sunshine The bank will sell FL assets/depos- Dallas-Area Mortgage Market State, Encore Bancshares Inc., the its in Naples, Fort Myers, Sun City, Evolve Bank & Trust, West Memphis, parent of Encore Bank, N.A., Hous- Clearwater, and Bellaire Bluffs. has signed up a Carrollton, TX, mort- ton, has signed separate agreements According to the article, Encore’s FL gage banker Earth Mortgage to be the to sell its FL operations in deals that operations have been struggling for entry point for its Dallas-area expan- include more than $230 million in de- some time, driven primarily by credit sion, according to an article by Chad posits, $86 million in loans, and five losses. Eric Watt in the Dallas Business Journal. branch locations, according to an ar- Encore chairman/CEO Jim D’Agostino Eleven-year-old Earth Mortgage is ticle by Casey Wooten in the Houston said both deals are expected to close the Dallas-area LPO for Evolve which Business Journal. in the third quarter of 2010 has mortgage operations in 11 states. Project2:Layout 1 12/2/2009 12:52 PM Page 1 Q Earth Mortgage has 20 employees in the Dallas suburb location. Earth Mortgage was founded by Frank Cor- tese. Roy McGregor is the firm’s Car- rollton production manager. Evolve Bank, which has a one- person mortgage production office in Austin, TX, is an 85-year-old community bank that provides banking, investment, trust, and settlement services. The bank established the mortgage division in 2004. Evolve Bank, established as First State Bank in Parkin, relocated its main office to West Memphis in 2009Q

ARIZONA Organizers Planning to Open Paradise Valley National Bank After pulling a state charter application in 2008, organizers have plans to pursue approval for Paradise Valley National Bank, a de novo national bank charter, according an article by Chris Casacchia in the Phoenix Business Journal. The article reports organizers have raised nearly $15 million in capital commitments from approximately 200 investors and plan to file an application for a federal national bank charter in April. Proposed president/CEO Gary Hick- el said he talked with FDIC regional of- ficials in San Francisco about capital requirements and other criteria. Hickel said he is nervous about the time for approval once the application gets to Washington, DC. The proposed bank originally planned to open during the first quarter. Paradise Valley National Bank will focus on the small-business owners and professsional service firms markets Q Page BANKERS DIGEST April 12, 2010 r e g u l a t o r s The OCC has received an application notice by Ross H. Smith Jr. and Eva J. by Post Oak Bank, N.A., Houston, for a Smith, Bridge City, to increase their C h a r t e r branch at 1302 W. Davis, Ste. A, Conroe. ownership and control from 9.97% to The OCC has received an applica- more than 10%, of OSB Financial Ser- tion by CommunityBank of Texas, N.A., vices Inc., Orange, and indirectly, Or- a c t i v i t y Beaumont, for a branch at 645 N. 5th ange Savings Bank, SSB, Orange. St., Silsbee. The FRBD has filed an application Texas The TEXAS DEPARTMENT OF by Moelis Capital Partners Opportuni- BRANCHES BANKING has approved an applica- ty Fund I, LP; Moelis Capital Partners Opportunity Fund I-A, LP; Moelis Cap- The OFFICE OF THE COMPTROL- tion by Liberty Bank, North Richland ital Partners Opportunity Fund I, LLC; LER OF THE CURRENCY has ap- Hills, for a branch at 860 W. Airport proved an application by Landmark Moelis Capital Partners LLC; Moelis Fwy., Hurst. Bank, N.A., Columbia, MO, for a branch & Company Holdings LLC; Moelis The TXDB has approved an application at 2911 FM 691, Denison. & Company Manager LLC; and Ken by Comerica Bank, Dallas, for a branch at The OCC has approved an application Moelis, all of New York, NY, for per- by First Financial Bank, N.A., Cleburne, for 6388 Camp Bowie Blvd., Fort Worth. mission to acquire more than 10% of a branch at 816 S. Crowley Rd., Crowley. HOME OFFICE RELOCATION the shares of Opportunity Bancshares The OCC has approved an applica- The OCC has approved an applica- Inc., Bettendorf, IA, and indirectly con- tion by First National Bank Texas, tion by The First National Bank of Kemp trol its subsidiary, Opportunity Bank, Killeen, for a First Convenience Bank to relocate its home office from 103 N. N.A., Richardson. branch at 1815 Borthers Blvd., College Main to 100 SH 274 S., Kemp. The TXDB has approved an appli- Station; received applications for 8840 The TXDB has received an applica- cation by Prosperity Bank, El Campo, Benbrook Blvd., Benbrook; 12230 Mon- tion by Lone Star Bank, Houston, to to P&A certain assets and liabilities of tana Ave., El Paso; and 2750 W. Univer- relocate its home office from 952 Echo First Bank, Creve Coeur, MO. sity Dr., Denton. Ln., Ste. 100, to 2600 S. Gessner Rd., The TXDB has received an applica- The OCC has received an application Houston. tion by The First State Bank, Louise, by JPMorgan Chase Bank, N.A., Colum- MERGERS AND ACQUISITIONS to P&A the Commercial State Bank, bus, OH, for a branch at 8597 Blanco The FEDERAL RESERVE BANK OF El Campo, branch at 2904 N. Velasco, Rd., San Antonio. DALLAS has filed a change-in-control Angleton Q

April 12, 2010 BANKERS DIGEST Page C L A S S I F I E D LENDER OPPORTUNITIES in TEX- Candidate must have advanced B a n k e r s D i g e s t AS, NEW MEXICO, and OKLAHOMA. knowledge, extensive experience, HOW TO CONTACT US Strong business development and and a broad understanding of the credit skills needed. Call or send regulatory environment. The ideal Fax to 214/221-4546. Mail responses resume to Harvey Urban, Babich candidate will have earned the Cer- to Box Number c/o Bankers Digest, & Associates, [email protected] tified Independent Auditor desig- 9550 Forest Lane, Suite 125, Dallas, TX 214-823-9999 #304. nation and have 6+ years of related 75243-5928. Phone: 214/221-4544. experience in a bank environment. email: bankersdigest@bankersdigest. COMMUNITY BANK CFO: Must Qualified individuals may send re- com show strong investment portfolio sume to [email protected]. management expertise, plus ac- EEO M/F/D/V. Advertising rates are $35.00 for the first 25 counting op’s, budgeting and tax words; $10.00 for each additional 10 words per return experience. Mark Mitchell, BSA & Compliance Officer: Cen- insertion. Ads which use a Bankers Digest box Lone Star Search, 972.335.9009, www. tral Texas based community bank is number for forwarding responses will be charged lonestarsearch.net. seeking a BSA and Compliance Of- $5.00 additional per insertion for postage and ficer to work in our Austin, Texas of- handling. Ads run on Bankers Digest website JUNIOR LOAN OFFICER AND CRED- fice. This is a management position for the duration of the advertising agreement IT ANALYST positions in VERNON, that will be responsible for the de- at no additional charge. Only Principals AZLE, AND GRAND PRAIRIE, TEX- velopment and implementation of all will be assigned box numbers. Responses AS. Must have strong business de- aspects of our compliance program. to Bankers Digest boxes are forwarded twice velopment and/or credit skills. Call The ideal candidate will have a thor- weekly. Advertising deadline is Monday noon or send resume to Campbell Bur- ough understanding of the regulatory for following Monday’s publication. gess, Herring Bank, CBurgess@Her- environment and possess a minimum ringBank.com, 806-242-3704. of 3 to 5 years of related banking experience. Certification from an ac- Positions WANTED SENIOR LENDER for $100 million credited compliance program is re- bank in Central Texas. Lending and quired. Email response to bankers- Banker with 40 years experience collection experience required with [email protected], Subject (mostly large regional banks) includ- supervision over multiple branches. Line Box A-3. ing executive positions, available for 972/407-5402. consulting or part time. Recent ex- Operations Department Man- pereince with De Novos and LPOs. LOAN OFFICER needed for a ager: A central Texas based com- Respond to bankersdigest@bankers- 100+year old community banking in munity bank is seeking an operations digest.com, Subject Line Box M-2. San Antonio area. The ideal candi- manager to supervise our back office date will have two to five years ex- deposit operations. Customer ser- Positions AVAILABLE perience in community bank special- vice and management experience, izing in light commercial and real in addition to knowledge of daily LOAN OPERATIONS OFFICER need- estate lending. Send resume to dmi- bank processing procedures includ- ed for bank in San Antonio vicinity. [email protected]. ing, wires, returns, ACH, research, Must have current experience with reporting and statement production SBA and commercial loan docu- SENIOR INTERNAL AUDITOR for a are required. We pride ourselves ments. Sharon Emiliano, Babich & $2.2 billion independent community on offering innovative, personalized Associates, Sharon@babich. com, bank with 30 offices in the DFW mar- services to our customers, so the ide- 214/823-9999, #306, www.babich. ket. Responsible for all internal au- al candidate will be open to a quick com. (see banking). dit and outsourced audit functions. pace and highly adaptive to change. Qualified individuals may email a resume to bankersdigest@bankersdigest.com, Subject Line Box A-2.

CASHIER/CFO: Growing West Texas community bank of $75M in assets 301 Commerce Street, Suite 1950 with three branches seeks individu- Fort Worth, Texas 76102 al for Cashier/CFO position. Duties Recruiting and Placement Services incude but not limited to complete for Banking Positions at All Levels oversight of bank internal accounting, regulatory reporting, human For additional information, please contact resources functions and supervision DAVID FARMER of operations. This position is part of 817.877.4120 or 817.877.0014 Visit our website to see a current listing the senior management team. Prior 817.877.3846 Fax of recruitment opportunities experience required. Excellent com- [email protected] www.whitneysmithco.com pensation package including 401K & incentive bonus. Send resume to

Page 10 BANKERS DIGEST April 12, 2010 C L A S S I F I E D [email protected], for a community leader with strong EQUIPMENT FOR SALE Subject Line Box A-1. formal credit management and training obtained through a successful FOR SALE: Used & refurbished bank Commercial Loan Officer need- background in community banking. equipment. Over 340 types SD locks, ed for a market leading bank with lo- Based on qualifications, an excellent repair parts & timelocks for all brands cal ties of 60+ years. Locally owned compensation and benefit package excluding ATMs & remote drive-ins. and managed growing bank with of- is provided as well as assistance in OK license #1055. 1-800/642-8763, fices throughout Northern New Mexi- relocation. Please respond to bank- or FAX: 580/584-7720, or email: un- co is seeking a seasoned lender with [email protected], Sub- [email protected] or www. at least 5 years commercial and real ject Line Box A-4. underwoodsafe.net. estate experience. The ideal candidate must possess strong credit and BANKING EQUIPMENT NEW AND The Security Center, Inc. is an es- financial statement analysis, regu- USED: Buy, sell or trade. Service tablished bank equipment company latory knowledge with SBA experi- & installation. Power files, x2 units, seeking a salesperson to manage ences a plus. Candidate must live be shelving, Mobile shelving, fireproof the north Texas area. The position willing to live in the area and be ac- files-note, legal and letter, -under tive in the community. Please send is based out of the Dallas office and counter. Money safes, safety deposit boxes. FLAIR SYSTEMS, 800/468- cover letter, resume, references and offers salary, commissions, expense 1246, 214/340-3580. salary requirements to werlending@ reimbursement, and company car. A yahoo.com. Please send MS Word or proven track record in sales to the financial industry a must. Bank secu- MODULAR BANK BUILDINGS: PDF attachments only. Looking to Branch? Opening a New rity experience preferred. Opportu- Charter? Disaster Planning? Need a An independent community bank is nities exist in other markets as well. Temporary while Remodeling? Tem- in need of a CHIEF LENDING OFFI- Please call 713.416.3181 to discuss porary/Permanent Modular Bank CER. The bank is a 90-year institu- qualifications and interest, or e-mail Buildings new and used. North tion with 115MM in assets located in resume to jpeebles@securitytexas. American Buildings, 888-800-8866, East Texas. The bank is searching com. www.NorthAmericanBuildings.com. TEMPORARY AND MODULAR BANKING FACILITIES TDisaster Assistance

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April 12, 2010 BANKERS DIGEST Page 11 Bankers Digest PERIODICAL 9550 Forest Lane, Suite 125 Dallas, Texas 75243-5928 (USPS 041180) ADDRESS CHANGE - When writing to us about your subscription, enclose the address label from your copy of Bankers Digest. You can also change your address at www.bankersdigest.com under subscriptions.

Legal Phases (continued from Page 3) ute that authorized the regulation or involved parties “have already com- 2006 proposed regulation incorporat- in the regulation itself.” mented on proposed Treasury regula- ing its position. The Court observed, In their article “Big Tax Win for S Cor- tions which would effectively reverse “[w]hat the government really is say- poration and QSub Banks in the Vaini- Vainisis, and all agreed that Treasury ing is that the regulation corrects a sis Case,” by Michael B. Apfeld, Debra did not have this power given the mistake—that Congress never wanted Sadow Koenig, and Sarah E. McNally plain language of the statute.” banks to have all the privileges that of Godfrey & Kahn, S.C., Milwaukee, The article states that “if a S corpo- subchapter S confers, including free- WI, the attorneys who represented the ration or QSub bank took the TEFRA ing a bank such as the Vainisis’ from Vainisis, believe the action will now interest expense disallowance after section 291. But we need some evi- shift to the Treasury Department and three years had elapsed from the S dence that the purpose of the regula- Congress. Koenig believe that while corporation or QSub election, the bank tion was to correct this mistake (if it “only Congress can overturn the re- should consider filing an amended re- sult in the case, the Treasury may try was a mistake), and we cannot find turn and encourage its shareholders to any such evidence either in the stat- to do so by regulation.” She says the file for refunds (which would include statutory interest). Banks may want to consider where their accountants can help facilitate the refund process on behalf of a bank’s individual shareholders by preparing a form amended return that can then be customized to each individual shareholder’s circum- stances. ...We believe each shareholder, not the bank, must file the refund Heritage Bank | Pearland, Texas claim.” www.gklaw.com Q Slay Cashes Notes Texas Collateral, Please No Out of State

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DALLAS OFFICE 1-866-716-9920 AUSTIN OFFICE [email protected] 5323 Spring Valley Rd, Ste. 200 3 Lakeway Centre Crt, Ste. 110 Dallas, Texas 75254 www.phaseonebuilders.com Austin, Texas 78734 214/221-4544 Fax 214/221-4546

Page 12 BANKERS DIGEST April 12, 2010