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Bank One and Union Planters to Disappear Mississippi Bankers Association Elects Walker President for 2004-2005 Farrar Is

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Bank One and Union Planters to Disappear Mississippi Bankers Association Elects Walker President for 2004-2005 Farrar Is June 28, 2004 Volume 124, No. 26 Mississippi Bankers Association Elects Walker Bank One and Union President for 2004-2005 Planters To Disappear T. E. “Gene” Walker, chairman/CEO dent/COO, National Bank of Commerce, Two well-known American banking of The Bank of Forest, Forest, MS, has Starkville; Freddie J. Bagley, chairman, names will become casualties of mega- been elected president of the Missis- Community Bank of MS, Forest; John L. bank mergers, according to separate sippi Bankers Association “Johnny” Barrett, president/ announcements that Bank One Corp., for 2004-2005. He suc- CEO, First National Bank of Chicago, IL, and Union Planters Corp., ceeds Hugh S. Potts Jr., Oxford; Carl Chaney, CFO, Memphis, TN, names will be dropped chairman/CEO, M&F Bank, Hancock Bank, Gulfport; when they merge with J.P. Morgan Kosciusko. James R. “Bo” Collins, Chase & Co. and Regions Financial The association also elect- president of Bank of New Corp., respectively. ed as its vice president Huey Albany; Mike Jones, presi- Shareholders, regulators, and others L. Townsend, president dent/CEO, Bank of Winona; have approved the mergers, and both and CEO of Belzoni-based Jim Kelley, president/COO, mergers are expected to close on July Guaranty Bank & Trust Co., BancorpSouth, Tupelo; Ed- 1, 2004. and as its treasurer Richard die Ray, president/CEO of J. P. Morgan Chase will absorb Bank Hickson, chairman and CEO Mechanics Bank, Water Val- One Corp., creating the nation’s second of Trustmark National Bank, Jackson. ley, and Scott Wiggers, president/COO, largest banking company with over $1 Newly elected members of the MBA M&F Bank, Kosciusko Q trillion in assets. Following the merger, board include: Mark Abernathy, presi- the Chase name will be on the bank branches on a state-by-state basis Farrar Is Executive Vice President, Tatum SVP, beginning in early 2005 and on Bank Grace, Huppler VP, Town North Bank, Dallas, One credit cards immediately. The “new” Regions Financial Corp. Gary Farrar recently joined Town North Project Management Institute. will be among the nation’s 15 largest Bank in Dallas, Texas, as executive vice MacDonald (Mac) Tatum recently banking companies with over $80 bil- president and chief information officer, joined the bank as senior vice president, lion in assets and 1400 branches across according to John C. Reap, president and Robert Grace and Donna Huppler 15 states in the South, Midwest, and and CEO. Farrar provides strategic were promoted to vice president. technology direction and oversees Tatum is manager of the wholesale Texas. the bank’s information technology mortgage lending department. He joins Stay tuned for more merger details resources. the bank with 15 years of wholesale as they are made available Q Faffar’s career includes service with lending experience, most recently Please route this issue to: accounting firm BKD, LLP; as chief with Benchmark Bank, Plano, TX. He information and operations officer for has a BBA degree from Angelo State Louisiana Bank & Trust, Shreveport, University. LA, and in various roles with Burroughs Grace serves as senior project manager In This Issue... Corporation. and supervises software development in Eleventh Annual Survey He is a graduate of Louisiana Tech the information technology department. of Community Bank Executives University, Ruston, with a BS degree The 24-year IT veteran joined TNB in quantitative analysis and an MBA in 1996 as a software developer and Feature..........................................3 degree in finance, and of the Graduate systems analyst. School of Banking of the South at LSU. Huppler serves in the TNB card services Charter Update.........................12 In addition, he holds the internationally division. She is manager of resolution recognized PMP (Project Management services that over sees credit card Classified...................................13 Professional) Certification from the security and disputes. She joined TNB in 1997 and holds a BS degree from the University of Arkansas Q P E O P L E nounced the promotion of Norma TEXAS Wells Fargo Bank’s O’Jibway J. Maxwell to vice president and ca- Retires after 30 years Maxwell Named VP/Cashier, shier. First National of Burleson Maxwell is an 18- James “Jim” P. O’Jibway has retired year banker, having from banking after 30 years. First National Bank of Burleson an- served most of that He joined Austin County State Bank, time in the Dallas Bellville, in 1976 as vice president and area. She began her advanced to serve as president/CEO. banking career with He served as senior vice president Nations Bank in and manager after the bank was pur- Dallas. She joined chased by First State Bank of Texas, First National Bank Denton, and subsequently merged with in October 2003 as vice president, op- Wells Fargo Bank Texas. He retired from erations. Wells Fargo Bank, N.A., where he was In addition to her cashier responsibili- serving as president of the Bellville of- ties, she also manages the bank’s online fice, to pursue other interests Q RED BOOK SENTRY ANKERS I B Established 1942 D - A Weekly Bank News Magazine (USPS 041180) Published every Monday at Dallas, Texas Copyright 2004 Bankers Digest® BONNIE JAMISON BLACKMAN, Publisher/Editor R. GILBERT BLACKMAN, 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 $29.00, single copy $1.00 Opinions expressed by columnists and writers of bylined articles are not necessarily those of BD COUPON 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 Bank- ers Digest®, 9550 Forest Lane, Suite 125, Dallas, Texas 75243-5928. Page 2 BANKERS DIGEST June 28, 2004 F E A T U R E INDUSTRY TRENDS Many bankers consider “community expanding technology to better track banking” and “customer service” to be customer needs” is very important, synonymous. However, only 5% of but fewer than half (45%) express con- Eleventh Annual Survey community banks choose “excellent” fidence in their ability to do so. of Community Bank when rating their own performance The enhanced focus on business Executives in terms of delivering what customers customers’ needs is further reflected by 74% of community bankers who say By want and need. Five in 10 (52%) rate that “expanding services for business Grant Thornton LLP their performance “very good,” and 39% customers” is important to their con- Chicago, Illinois choose “good.” www.grantthornton.com Many community bankers see tech- tinued success. nology as a solution to the quandary Other factors community bankers in regarding customer wants and needs. the survey said are important to their T h e G r a n t Three-quarters (76%) say “updating/ (continued on Page 16) T h o r n t o n Eleventh An- nual Survey of Community Bank Execu- tives depicts an industry that is successful at iden- tifying and mitigating risks associated with growth, aggressive bank and non- bank competition, security threats, and microscopic reviews of corporate governance practice. Grant Thornton’s annual survey is the FED HOME LOAN BANK#2 oldest continuous independent study of its kind in the banking industry. The survey provides a close-up look at industry trends and establishing benchmarks, which bankers have used as a strategic planning resource. When asked what bankers most widely consider to be important to their success, essentially all (93%) of the community bankers listed “retain- ing key employees” as important to continued success. Since community bankers stress high levels of customer service as a key competitive advantage over mega-banks, hiring and retaining knowledgeable, customer-friendly staff is critical. Competitive compensation and benefits packages play a large role in attracting new and retaining key staff members, according to the survey. Retirement saving options is the ben- efit most often offered by community banks-86% offered to management and 83% offered to staff employees. Community bankers no longer believe they can solely depend on traditional sources of revenue. Four in five (84%) bankers cited “developing new sources of revenue” to be the second most often factor for continued success. June 28, 2004 BANKERS DIGEST Page P E O P L E TEXAS and manages the accounting depart- Compass Bank Announces ment. He is a graduate of SMU with Appointments in Houston a degree in general business and has North Dallas Bank Ups an MBA degree from The University of Compass Bank has announced new Williams to EVP/CFO Texas at Dallas. personnel appointments in its wealth Michael Howell has been promoted management group within private cli- Ronald J. Williams has been promoted to senior vice president of real estate ent services in Houston. The appoint- to executive vice president and chief and commercial lending at the Las ments were made by Zack Parrish, information officer at North Dallas Colinas Banking Center. He received executive vice president, private client Bank & Trust Co., Dallas. Williams, a a BBA degree from Baylor University, services executive for Houston. The 17-year bank employee, graduated from an MBA degree from the University new wealth management bankers will Stephen F. Austin State University with of North Texas, and is a graduate of office at the River Oaks Banking Center a BBA degree in general business. He the Southwestern Graduate School of at 2001 Kirby Drive. has served as bank auditor, vice presi- Bus-iness at SMU. He is a three-year Deana S. Anderson, Vivek Mehta, dent and data processing manager, and employee. and Joel Stelling have all joined the senior vice president and chief informa- Michael Linck has been promoted bank as vice president and relationship tion officer.
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