THE TENNESSEE BANKER Volume 102 • Number 10 • October 2014

2014 Leaders in Banking Excellence

Charles E. Gleghorn Bank of Lincoln County Fayetteville

William E. “Willie” McDonald Third National Bank, SunTrust Bank, & CedarStone Bank

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Published monthly by the Tennessee Bankers Association OFFICERS Colin Barrett / Editor William B. Marsh / Chairman First Commerce Bank, Lewisburg Dianne W. Martin / Managing Editor David Verble / Chairman-elect Matt Radford / Graphic Designer Citizens National Bank, Sevierville Volume CII / Number 10 / October 2014 Gordon Majors /Vice Chairman The Hardin County Bank, Savannah ontents STAFF C Administration THIS MONTH Colin Barrett / President Welcome New Associate Members...... 7 Stacey Langford / Senior Vice President ABA Launches New Advocacy Tool for Bankers...... 9 of Membership State Treasurer David Lillard Elected President of NAST...... 11 Steve Curtis / Vice President of Information Technology Independent Bankers Division Convention – Don’t Miss Hotel & Registration Sharon Justice-McCray / Vice President Deadlines...... 12 of Human Resources & Facilities BankPac Continues Record-Breaking Pace...... 14 Penny L. Powlas / Executive Assistant, Administration / Legal Young Bankers Division Leadership Luncheons Coming in October & November... 15 T’Lanie Luu / Member Services Congressmen Black and Blackburn Roundtables Feature Pending Specialist Banking Legislation...... 16 Sandra Johnson / Training Center Coordinator Gleghorn and McDonald Inducted into Leaders in Banking Excellence...... 17 Lacy York / Receptionist The Erosion of Credit-Bid Protection in Bankruptcy Accounting / Insurance and Its Effects—Robert C. Goodrick, Jr, and J. Patrick Warfield...... 20 Angela D. Griffin, CPA / Executive TBA Membership Meetings – Photo Review...... 22 Vice President / CFO Pathway Lending Awarded $1.75 Million Grant from US Treasury...... 25 Mike Ailinger / Staff Accountant Shemeka Greer / Accounts Receivable New Enterprise Risk Management Program with Arkansas & Mississippi Bankers.... 26 Clerk Regional Workshops to Highlight Recent Flood Insurance Changes...... 27 Felisha Gatlin / Accounts Payable Clerk Thank You to TBA Top 10 Sponsors...... 28 Legal / Government Relations SouthEast Bank / Young Bankers Host Annual UT Tailgate October 25...... 38 Timothy L. Amos / Executive Vice President / General Counsel Amy Smith / Senior Vice President / DEPARTMENTS Deputy Counsel FROM THE EXECUTIVE OFFICE—Colin Barrett Education Vote Yes on 2...... 6 Debbie M. Brickles / Senior Vice President WASHINGTON UPDATE—Governor Frank Keating of Training and Development Susan R. Taylor, CMP / Senior Vice Elections Matter...... 9 President of Professional Development FROM THE TOP—John Buhrmaster Monique Jenkins / Education The Independent Spirit...... 11 Services Specialist ON THE HORIZON—Three Upcoming Lending Workshops / Bank Directors Communications Retreat / Bank Security and Risk Management Conference...... 28 Dianne W. Martin / Vice President / Director of Communications Promotions / Community Corner / Bank Notes...... 30 Matt Radford / Assistant Director Employment Opportunities...... 36 of Communications Actions of Bank Regulatory Agencies...... 38 Lila Griffin / Proofreader

TBA Professional Development Calendar...... 39 The Tennessee Banker (ISSN 0040-3199) is published monthly by the Tennessee Bankers Association, 211 Athens Way, Ste 100, Nashville, TN 37228-1381; telephone 615-244- 4871. Advertising rates available upon request. Subscriptions: $40.00 per year for TBA members; $55.00 for nonmembers; single copies, $6. Tennessee residents add 9.25% THE TENNESSEE BANKER Volume 102 • Number 10 • October 2014 On the Cover sales tax. Periodical postage paid at Nashville, Tennessee. POSTMASTER: send address 2014 Leaders in Banking Excellence Charles E. Gleghorn and Willie McDonald were inducted changes to The Tennessee Banker, 211 Athens Way, Ste 100, Nashville, TN 37228-1381. into the Leaders in Banking Excellence at a ceremony in Copyright © 2014, Tennessee Bankers Association; all rights August. See coverage beginning on page 17. reserved. The Tennessee Bankers Association disclaims all Charles E. Gleghorn responsibility for opinion expressed in addresses, papers, or Bank of Lincoln County Fayetteville communications published in The Tennessee Banker unless such William E. “Willie” McDonald Third National Bank, SunTrust Bank, Cover photos by Donn Jones; cover design by Jennifer & CedarStone Bank opinion has been endorsed by the Tennessee Bankers Association. OCTOBER 2014 | THE TENNESSEE BANKER 1 Bennett. OCTOBER 2014 | THE TENNESSEE BANKER 5 From the Executive Office Vote Yes on 2 By Colin Barrett, President, Tennessee Bankers Association

e are living in political- Three suggestions for this month: ly polarized W P Sign up for “This Week” - a newsletter highlighting times, when bipartisan- P ship can cost you an the upcoming week at the TBA. This brief e-mail election and political includes an overview of legislation, education, discourse is played out in and other items affecting the Tennessee banking shouting matches on ca- industry. To sign up, please contact Stacey Langford ble television. As politics at [email protected]. increasingly creep into so PPSend your young bankers to a Leadership Luncheon many different aspects in your area to network, learn more about TBA, and of our daily lives, this visit with state and local elected officials. See page 15 statement by our 7th Pres- for more information. ident, Andrew Jackson, Make plans to join the Tennessee Department of has never rung more true: PP Financial Institutions and TBA November 19 and 20 for the 2104 Bank Directors Retreat at the award– “All the rights secured winning Hermitage Hotel in downtown Nashville. to the citizens under the Our program includes a look at the future of Constitution are worth Tennessee banking, building a high–performing bank nothing, and a mere bub- board, the bank directors’ evolving role, and much ble, except guaranteed to more. For more information, see page 29 or contact them by an independent and virtuous should be elected Susan Taylor, CMP, at [email protected]. judiciary.” by the qualified voters.” While On November 4, when Tennes- the current sys- seans go to the polls, we have an tem, known as the Tennessee Plan, to weigh their decisions based on the opportunity to help ensure the inde- has been upheld against numerous next campaign. pendence of our state’s judiciary for challenges based on its inclusion of re- All of these concerns would make generations to come. By voting in tention elections, there is a question as it difficult to maintain “an indepen- favor of Amendment 2, we can cod- to whether it can continue without the dent and virtuous judiciary.” ify the current practice of having the passage of Amendment 2. I want to commend the TBA governor appoint individuals to the And if Amendment 2 is not ap- board of directors for voting to en- appellate courts—with the additional proved, we face three major concerns. dorse Amendment 2 during our May step of having the state legislature First, Tennessee could become like board meeting. At the heart of that confirm or reject the appointment— several of our neighboring states which decision is the understanding that an and holding retention elections at the have candidates running for appel- independent judiciary is essential for ends of their terms that allow voters late judgeships in partisan contested a functional democracy in which the to retain or replace them. elections. Second, wedge issues will rule of law does not change based on There has been debate over the dominate the conversation, and money the direction of political winds. years about the interpretation of our will pour in from out of state as in- As you can see in the box adjacent state’s constitution when it comes terest groups work to secure partisan to this column, the TBA is in good to selecting appellate judges, which judges who would interpret the law to company in supporting Amendment includes the Supreme Court justices. their point of view. And finally, and of 2—a diverse, bipartisan group of or- The constitution states that “judges greatest concern, our judges will have ganizations and prominent leaders has

6 THE TENNESSEE BANKER | OCTOBER 2014 come together to endorse the measure. I hope that as you prepare to head Endorsing Organizations Statewide Leadership to the polls next month, you will • Tennessee Bankers Association • Gov Bill Haslam strongly consider voting “Yes” on • Tennessee Chamber of Commerce and • Former Gov Phil Bredesen Amendment 2. ■ Industry • Former Gov Winfield Dunn • Tennessee Farm Bureau Federation • Former Gov Don Sundquist • Tennessee Bar Association • Former US Senator Fred Thompson • Tennessee Business Roundtable • Lt Gov Ron Ramsey • NAACP of Tennessee • House Speaker Beth Harwell • Beacon Center of Tennessee • Commissioner Bill Hagerty • Fraternal Order of Police • Tennessee Senate Republican Leader • Tennessee Sheriffs’ Association Mark Norris • Tennessee Business Partnership • Tennessee House Democrat Leader • League of Women Voters of Tennessee Craig Fitzhugh • Tennessee Hospital Association • Women’s Political Collaborative

Welcome New Associate Members

he following companies have joined the Tennessee Bankers Association as associate members since the publication of the 2014 Bankers Directory. TBA’s associate members deliver valuable products T and services that help financial institutions serve their customers. In addition, they provide consid- erable support to TBA efforts and programs. You will find a complete list of TBA associate members on the TBA website at www.tnbankers.org/associates/ or in a special section of the Bankers Directory. If you have questions about associate membership, please contact Stacey Langford, [email protected]. CONSULTANTS services. To learn more about our services, visit www. Naperville, IL pcbb.com or call us at (888) 399-1930 to speak with your Susan Orr Consulting, Ltd regional manager. 3108 Route 59, Ste 121 Phone: (630) 499-0276 60564-7804 Fax: (630) 281-2590 LENDING www.susanorrconsulting.com Columbia, TN Contact: Susan Orr – [email protected] BancAccess, Inc Susan Orr Consulting performs IT general controls and infor- 2131 Benton Hall Ct Phone: (615) 499-5263 mation security audits and provides consulting services includ- 38401-5825 Fax: (615) 523-1855 ing IT policy–related review and development, examination www.mybancaccess.com Contact: Ben T. Rudd – b.rudd@ correction action, and pre-examination preparation. mybancaccess.com BancAccess, Inc, is a multi-bank owned company specializ- CORRESPONDENT BANK SERVICES ing in business lending. With no application fee, competi- Walnut Creek, CA tive rates, and quick loan decision notification, BancAccess, PCBB Inc, is a convenient means of identifying a viable source of 1676 N California Blvd, Ste 300 Toll-free: (888) 399-1930 funding. As BancAccess’ owners are primarily community 94596-4185 banks, we afford our member and affiliate banks access to www.pcbb.com loans they may not otherwise find, as well as competitive Contact: Frank Spence – [email protected] advantages of partnering with other banks. BancAccess, Inc, is familiar with the challenges facing many community Founded by bankers in 1997, PCBB was created to help com- banks today and is designed to help address those chal- munity banks build stronger institutions. Today, our companies lenges while increasing loan revenues without additional provide a comprehensive set of products and services covering personnel expenditures. ■ multiple areas important to community banks, including corre- spondent banking, lending, hedging, international performance, regulatory and risk management, and a variety of consulting

OCTOBER 2014 | THE TENNESSEE BANKER 7

Washington Update Elections Matter By Frank Keating, President and CEO, American Bankers Association

he topic of our panel discussion was bipartisanship. And even though ABA LAUNCHES NEW ADVOCACY TOOL FOR BANKERS T former Ag Secretary Dan Glickman Twitter map lets you advocate populated tweet will pop up in a new and former League of Women Voters in 140 characters or less window; President May Wilson and I come from • Finally, edit your message and post! different places on the political spectrum, Nearly all Senate and House members Follow up on your tweets by send- we enjoyed a lively discussion and a lot of use twitter as a way to engage with con- ing e-mails through ABA’s grassroots agreement. stituents. If you have a Twitter account, alert system, send personal notes, and The topic of our panel discussion was please ask your members of Congress for discuss over the phone and in person. bipartisanship. And even though former their support of four legislative issues that If your member supports the banking Ag Secretary Dan Glickman and former affect banking and your ability to serve industry’s position, thank him or her League of Women Voters President May your customers. To find your representa- for their support—on Twitter and in Wilson and I come from different places tive, visit www.house.gov. person. on the political spectrum, we enjoyed a To send a tweet, go to the Twitter map Note: Be sure your social media lively discussion and a lot of agreement. at www.aba.com/twittermap: activity is compliant with the social My assessment—part of the recent two- • Hover over your state on the map and media guidance released by the FFIEC day Domenici Public Policy Conference in choose Senate or House; in December 2013. For information on Las Cruces, NM—is that opposition is a • Choose the member you’d like to the social media guidance, visit www. necessary element to eventual compromise, tweet and the topic of your choice—ei- amplifybankers.com. rather than a full-stop roadblock to good ther data security, regulatory burden, If you have questions about the public policy. credit union tax exemption, or reform new Twitter map tool, contact Erin The metaphor I used was to imagine of the farm credit system; Scheithe, [email protected], in ABA’s our nation as a ship of state. If the USS • Once you click on the issue, a pre- Grassroots Department. United States goes down, we all go down together—Republican and Democrat alike. Another tool we’re using is ABA’s Finan- Amplify is a grassroots online platform to Adversarial politics is per se destructive. cial Education and Advocacy Initiative, or help you tell your story to your communi- Loyal opposition means to oppose with FEAI. FEAI is not a PAC like BankPac or a ty, send a letter to Congress, or invite your principle, but then to compromise with SuperPac like Friends of Traditional Banking. congressman to visit the bank. It’s open to the other party to solve the nation’s hugely FEAI is a 501(c)(4), and, as such, it can accept any and every banker at amplifybankers. difficult problems. corporate contributions and fund “get out com. Elections matter, too. It’s important the vote” efforts and educational initiatives. One of the newest Amplify engage- that we elect people who understand bank- FEAI’s efforts made a significant impact ment tools is the interactive Twitter map, ing and how to solve problems effectively. during the 2012 election cycle, with “get designed specifically to help bankers tweet Elections are your opportunity to create a out the vote” efforts in five key battleground their members of Congress on key industry better policy environment for your bank, states. issues, including regulatory burden, data customers, community, and our national More recently, FEAI has helped increase security, the Farm Credit System, and economy. the industry’s advocacy efforts around credit unions. We have several tools available for tax reform for credit unions and the Farm The purpose of these three ABA tools— participating in the political process. ABA Credit System. FEAI’s education efforts have BankPac, FEAI, and Amplify—is to make BankPac is one. BankPac made it possible included activities such as ad campaigns pro- the conversation about banking a positive for us to participate in 80 percent of the moting the positive role banks play in their one. The importance of the role that you House races and virtually every Senate communities and an informational brochure and your bank plays in your community race in the last election. BankPac also on the farm credit system to help educate is something everyone should agree on. ■ works closely with your state association’s policymakers on the least known of all GSEs. leadership in deciding which candidates Amplify is a third tool we’re using to cre- © 2014 American Bankers Association. All to support. ate a more favorable political environment. rights reserved. Reprinted with permission.

OCTOBER 2014 | THE TENNESSEE BANKER 9 NATIONAL CONVENTION

The Community Banking Event of the Year!

March 1-5, 2015

Gaylord Palms Resort & Convention Center ORLANDO, FLORIDA

www.icba.org/convention2015 From the Top The Independent Spirit By John H. Buhrmaster, Chairman, Independent Community Bankers of America

ecently, I stumbled across be just as appropriate now as it was when has. Our financial system is unique. something that I’d passed for it was first hung in our bank? And it’s this independence through R almost 30 years on my way to With so many winds of change and community banks that keeps our fi- our boardroom here at 1st National overconcentration coming at us from ev- nancial system strong—even through Bank of Scotia. We were in the midst ery direction, I can’t help but be thankful the tough economic times. We learned of a renovation and that means that for the fact that we community bankers that most recently through the Wall things that have been hanging on walls still stick together through thick and thin Street financial crisis. for years needed to come down and in defending one of America’s greatest And while those winds of change go back up. This is when I noticed the treasures—the independent community seem to be coming at us strong, we as framed official credo of ICBA (then the bank. It’s our banks that helped build community bankers need to remember that we are stronger. We have the spirit of independence standing with us every It’s our banks that helped build this country step of the way, and that’s precisely what our country was built upon. In- and the communities that line Main Streets dependent banks are part of American nationwide. liberty, and we won’t let anyone take that away from us. So when issues of government IBAA), and I took a moment to read it this country and the communities that overreach, regulatory burden and too- again. It blew me away. line Main Streets nationwide. It’s our big-to-fail come up, you better believe Not only was it still relevant 40 banks that helped so many small-busi- that we community bankers are going years later, it was probably even more ness startups get their first loan to open to fight. We’re not just fighting for relevant given the current economic their doors. It’s our banks that helped our businesses; we’re fighting for the climate and the financial system that local families and residents buy their first American spirit and pillar of individual we live in day in and day out as com- home, purchase their first car, and plan economic opportunity—indeed, in our munity bankers. for college or retirement. independence. ■ It begins with the line, “In the It’s our independent community principle of Independence, the most banks that are our nation’s legacy. It’s John H. Buhrmaster is president of 1st precious American heritage.” As a something no other country in this world National Bank of Scotia, in Scotia, NY. community banker, once I rediscov- ered this treasure, I needed to keep reading. “And in banking we believe in Treasurer Lillard Elected President the Independent Bank, and American of National Association institution dedicated to the financial independence of its customers and Tennessee State Treasurer David During his term as president, one community . . . . We know that eternal H. Lillard, Jr, has been elected by of his top priorities for NAST will vigilance is ever the price of liberty and treasurers across the nation to serve be continuing the organization’s in union there is strength. We view as president of the National Asso- advocacy to preserve the exclusion with alarm trends which conflict with ciation of State Treasurers (NAST). from gross income of interest on Independent Banking, and we pledge NAST is the premier organization municipal bonds. Lillard’s priorities resistance to every such trend.” that provides advocacy and support also include promoting financial lit- And there you have it. I was for state treasurers and treasury staff eracy education and programs that hooked. How could I have passed throughout the United States. encourage retirement readiness. Lil- by this message for decades without Treasurer Lillard will serve a one- lard has served as Tennessee state noticing it, let alone reflect on it? Even year term, beginning January 1, 2015. treasurer since 2009. ■ more astonishing—how could it really

OCTOBER 2014 | THE TENNESSEE BANKER 11 INDEPENDENT BANKERS DIVISION 2014 CONVENTION October 30 & 31, 2014 DoubleTree by Hilton Hotel Nashville Downtown

Don’t Miss Hotel & Early Registration Deadlines

TBA’s annual Independent Bankers of credit union tax exemption. Division Convention is just around the The day’s final session features Robert Independent corner, October 30 and 31. This year’s A. McCabe, Jr, chairman of Pinnacle Bank, Convention Speakers event is again in downtown Nashville with a discussion of “Yes on 2” and how but at a new location, the DoubleTree adopting the amendment will strengthen by Hilton. the voice of Tennessee voters in choosing Don’t delay. Get your registration our appellate court judges. in by October 16 to qualify for early A reception from 6:30 to 7:30 rounds registration fees—a $30 savings. Oc- out the first day’s activities. Dinner is on tober 9 is the deadline for making hotel your own that evening. reservations at the special convention Bankers will reconvene at 8:30 on Collins Eisenberg rate, but room rates revert to standard Friday morning with a welcome and TBA rates if the TBA room block sells out update from Bill Marsh, TBA chairman before that date. and chairman and CEO of First Commerce Bank, Lewisburg. Program Overview Following Marsh, Tennessee State Convention registration opens at Treasurer David Lillard will make a short 4:00 on Thursday, October 30, and presentation about the Tennessee Financial Gottlob Hargrove Independent Bankers Division President Literacy Commission. This session was Ted Williams will call the opening session added to the convention program after the to order at 4:30. Three presentations are brochure went to print. on the agenda. The Economic Forecast: Fair with a First, Chris Hargrove, chairman and High Chance of Regulation! is the title of CEO of Professional Bank Services, Inc, the next presentation, featuring economist will discuss Shareholder Value Enhance- Elliot Eisenberg, PhD. Eisenberg promises ment, complete with a discussion of how an informative and entertaining presenta- Lillard Marsh the “valuation matrix” has changed since tion on the economy and how GDP growth the nationwide credit crisis. will perform, what interest rates will do, Tennessee Credit Union Trends and and how and why a whole host of other Key Factors Influencing Them is the economic variables will affect the national next session. Brian Gottlob, principal economy and Tennessee’s economy. with PolEcon Research, will discuss the Next, Independent Division President findings of a recent study of Tennessee Ted Williams, president and CEO of credit unions, commissioned by the TBA. TriStar Bank in Dickson, will deliver his McCabe Williams He will look at credit union growth report on division activities over the past and profitability, market share, and key year. This will be followed by the election sponsible? In this session, Craig M. performance ratios compared to trends of new division officers and directors for Collins, president of financial services for independent community banks. In 2014-2015. for OneBeacon Professional Insurance, addition, Gottlob will use the data to The convention will conclude with enlighten the audience on the latest assess the cost to the State of Tennessee Who’s Been Hacked and Who’s Re- scams involving wire transfer fraud and

12 THE TENNESSEE BANKER | OCTOBER 2014 Thank You To Independent Bankers Our Sponsors Division Board Officers President: Ted First National Banker’s Bank & FNBB Capital Markets, Birmingham, AL Williams, President/ – Thursday Afternoon Coffee Break and Mobile App CEO, TriStar Bank, Dickson KraftCPAs PLLC, Nashville, TN – Friday Mid-Morning Coffee Break President-elect: Williams W. Logan Hickman, Jr, Executive Law Office of Wendy Geurin Smith, Memphis, TN Vice President, Peoples Bank of – Pocket Agenda the South, LaFollette Southeastern Commercial Finance, LLC, Memphis, TN First Vice President: Phillip Renfroe, President/CEO, Community Bank, – Coffee Bar at Continental Breakfast Lexington Second Vice President: Bill Yoder, corporate account takeovers and how they Registration Fees President/CEO, Southern are affecting banks and their customers Fees for the Independent Bankers Community Bank, Tullahoma with increasing frequency and severity. Division Convention cover instructional Secretary/Treasurer: Philip Calahan, In addition to sharing examples of losses, materials, refreshments and reception on President/CEO, Peoples Bank & Trust Company, Manchester Collins will look at methods of preven- Thursday, and continental breakfast and tion, including some suggested policies refreshment break on Friday. and procedures to protect the bank and Early registration fees for registra- Directors your customer. tions received in the TBA office by the R. Craig Holley, President/CEO, The program is scheduled to adjourn close of business on October 16 are CapitalMark Bank & Trust, at 11:30. $215 for TBA members and associate Chattanooga members and $430 for nonmembers. John Lancaster, President/CEO, Hotel Information After October 16, fees increase to $245 First Freedom Bank, Lebanon Phillip May, President, West The DoubleTree by Hilton Hotel for members and $460 for nonmembers. Tennessee Division, Metropolitan Nashville Downtown is the new location Fees for spouses/guests registered in Bank, Memphis for the Independent Bankers Division advance of the convention are $50 for David W. Barnes, President, Bank Convention. TBA has reserved a block of members and $100 for nonmembers. of Frankewing, Frankewing rooms for the evening of October 30 at a All day-of-program registrants will Matthew D. Daniels, President/ special group rate of $169 single/double. be assessed an additional $50 late regis- CEO, Bank of Camden, Camden Overnight valet parking is additional. tration fee, so please register in advance. William “Bill” E. Edwards, III, As noted above, October 9 is the dead- Participation in TBA programs is President/CEO, Mountain line to reserve your accommodations at limited to members, associate members, Commerce Bank, Johnson City this special rate. When the allotted room and nonmembers from an eligible mem- Kenneth V. Jones, President/CEO, block is sold out, rates return to standard bership category. Citizens Bank, New Tazewell prices on a space-available basis, even if Gene Seaton, President/CEO, it is before the October 9 deadline. Please Visit the TBA website at www. Franklin County United Bank, make your overnight arrangements early TNBankers.org/calendar to download Decherd to assure you receive the special TBA rate. a copy of the Independent Bankers Di- Wayne Minton, President/CEO, The Call the Doubletree’s central reser- vision Convention brochure containing Bank of Milan, Milan vations office at 800-222-8733 to make complete information and a printable reservations and ask for the Tennessee registration form or to register online. Past Presidents - Bankers Association Independent Bank- If you have questions about the con- Ex-Officio Directors ers Division Convention block of rooms. vention, please contact Susan Taylor, Thomas E. Bates, Jr, President/ There is a link on the event page of the CMP, via e-mail to srtaylor@TNBankers. COO, Legends Bank, Clarksville TBA website for those who prefer to make org or call 615-244-4871 or 800-964- Jeffrey L. Cunningham, President/ their hotel reservations online. 5525. ■ CEO, Athens Federal Community Bank, Athens Download our Learn more at: http://guidebook.com/g/2014IndepConv Michael W. Hagan, President/CEO, mobile event app! Use REDEEM CODE: INDEPENDENT14 Reelfoot Bank, Union City

OCTOBER 2014 | THE TENNESSEE BANKER 13 Government Advocacy BankPac Campaign Continues at Record–Breaking Pace

BA BankPac, is the exclusive that give, making BankPac one of the members had contributed $168,851 PAC dedicated to represent- largest and most successful PACs in the to BankPac. T ing the banking industry in state. With the November elections less If your institution has not yet Tennessee. BankPac’s mission is than a month away, TBA BankPac is on supported BankPac’s 2014 campaign, simple—remain nonpartisan and track to contribute over $200,000 to please consider making your contribu- support probanking and probusiness individual state candidates during this tions as soon as possible. For more in- candidates. election cycle. formation about BankPac or to make In recent years, TBA has grown This success is possible only because a contribution, please contact Amy the total dollars contributed and of the support of TBA’s members. As of Smith at [email protected]. ■ increased the number of institutions September 11, 98 banks and associate

BankPac Contributors As of September 11, 2014 - Listed alphabetically by city

Daniel W. Small & Company, Ashland City, TN Bank of Gleason, Gleason, TN Athens Federal Community Bank, Athens, TN Greeneville Federal Bank, FSB, Greeneville, TN Citizens National Bank, Athens, TN Citizens Bank, Hartsville, TN SouthEast Bank, Athens, TN Chester County Bank, Henderson, TN First National Bankers Bankshares, Inc, Birmingham, Carroll Bank and Trust, Huntingdon, TN AL BancorpSouth Bank, Jackson, TN ServisFirst Bank, Birmingham, AL Scott - Riddle Consulting, PLLC, Jackson, TN Citizens Bank, Carthage, TN Progressive Savings Bank, Jamestown, TN CapitalMark Bank & Trust, Chattanooga, TN First Peoples Bank of Tennessee, Jefferson City, TN First Volunteer Bank, Chattanooga, TN UBank, Jellico, TN F&M Bank, Clarksville, TN TriSummit Bank, Kingsport, TN Legends Bank, Clarksville, TN Clayton Bank and Trust, Knoxville, TN Southern Heritage Bank, Cleveland, TN Citizens Bank of Lafayette, Lafayette, TN Peoples Bank, Clifton, TN Macon Bank and Trust Company, Lafayette, TN BankTennessee, Collierville, TN Peoples Bank of the South, LaFollette, TN The Bank of Fayette County, Collierville, TN Lawrenceburg Federal Bank, Lawrenceburg, TN First Farmers and Merchants Bank, Columbia, TN First Freedom Bank, Lebanon, TN Putnam 1st Mercantile Bank, Cookeville, TN Wilson Bank & Trust, Lebanon, TN First Alliance Bank, Cordova, TN First Commerce Bank, Lewisburg, TN Highland Federal Savings and Loan Association, Community Bank, Lexington, TN Crossville, TN FirstBank, Lexington, TN Community National Bank, Dayton, TN American Bank & Trust of the Cumberlands, Decatur County Bank, Decaturville, TN Livingston, TN Citizens Tri-County Bank, Dunlap, TN Peoples Bank of East Tennessee, Madisonville, TN Mountain Valley Bank, Dunlap, TN Volunteer Federal Savings Bank, Madisonville, TN First Citizens National Bank, Dyersburg, TN Peoples Bank & Trust Company, Manchester, TN Citizens Bank, Elizabethton, TN Citizens Bank of Blount County, Maryville, TN Traditions First Bank, Erin, TN Security Federal Savings Bank of McMinnville, Bank of Frankewing, Frankewing, TN McMinnville, TN Tennessee Bank and Trust, a Div of Farmers Bank and The First National Bank of McMinnville, Trust Company, Franklin, TN McMinnville, TN

14 THE TENNESSEE BANKER | OCTOBER 2014 BankPac Campaign continued Commercial Bank & Trust Co, Memphis, TN Citizens Bank, New Tazewell, TN Evolve Bank & Trust, Memphis, TN Home Federal Bank Corporation, New Tazewell, TN Financial Federal Bank, Memphis, TN Newport Federal Bank, Newport, TN Paragon Bank, Memphis, TN The First National Bank of Oneida, Oneida, TN Triumph Bank, Memphis, TN Tennessee State Bank, Pigeon Forge, TN Trustmark National Bank, Memphis, TN First Farmers and Commercial Bank, Pikeville, TN The Bank of Milan, Milan, TN The Farmers Bank, Portland, TN HomeTrust Bank, NA Morristown, TN Volunteer State Bank, Portland, TN Farmers State Bank, Mountain City, TN First National Bank of Pulaski, Pulaski, TN Johnson County Bank, Mountain City, TN The Hardin County Bank, Savannah, TN Southern Bank of Tennessee, Mount Juliet, TN Citizens National Bank, Sevierville, TN MidSouth Bank, Murfreesboro, TN Sevier County Bank, Sevierville, TN Avenue Bank, Nashville, TN First Community Bank of Bedford County, Shelbyville, CapStar Bank, Nashville, TN TN Citizens Savings Bank and Trust Company, Nashville, Commerce Union Bank, Springfield, TN TN First Century Bank, Tazewell, TN Financial Products and Services, Inc, Nashville, TN Farmers and Merchants Bank, Trezevant, TN Pinnacle Bank, Nashville, TN American City Bank of Tullahoma, Tullahoma, TN Regions Bank, Nashville, TN First Vision Bank of Tennessee, Tullahoma, TN SunTrust Bank, Nashville, TN Southern Community Bank, Tullahoma, TN Tennessee Bankers Association, Nashville, TN First State Bank, Union City, TN Wells Fargo Bank, Nashville, TN Reelfoot Bank, Union City, TN US Bank, NA, Nashville, TN Wayne County Bank, Waynesboro, TN

Leadership Luncheons

Brought to you by TBA his fall, the Young Bankers Division will host seven Leadership Luncheons Taround the state. Each luncheon features a member of the General As- sembly or local elected leader who will update attendants on the current political landscape and priority issues of importance to the local community that we can expect in the coming session. These luncheons give bankers the opportunity to enhance their relation- ship with the representative and to remind lawmakers of the important role banks play in their communities. Cost to register is $30 per person. Thank you to our sponsor Alexander Thompson Arnold, PLLC.

Memphis – October 27 Kingsport – November 4 For additional information Democratic Nominee for State Republican Nominee for State about these luncheons, Senate, Lee Harris House, Bud Hulsey contact: Stacey Langford - Amerigo – 1239 Ridgeway Road The Chop House – 1704 N [email protected] Jackson – October 28 Eastman Rd Senator Lowe Finney Knoxville – November 5 Grant Center, Union University Republican Nominee for State Thank you to our sponsor: -1050 Union University Drive Senate, Richard Briggs Chattanooga - October 29 Calhoun’s on the River – 400 Speaker TBD Neyland Drive Hennen’s - 193 Chestnut Street Nashville – November 14 Cookeville – November 3 Mayor Karl Dean Representative Cameron Sexton TBA Barrett Training Center – 211 Crawdaddy’s – 53 West Broad Athens Way Street

OCTOBER 2014 | THE TENNESSEE BANKER 15 Roundtables with Congressmen Black and Blackburn Discuss Pending Banking Legislation

ring the August congressional recess, TBA’s government D relations team hosted lunches and roundtable discussions with Con- gressmen Diane Black and Marsha Blackburn and bankers in their districts. Both events provided an oppor- tunity for bankers to discuss issues on their minds and also hear from the congressmen about what is going on in Washington or, more accurate- ly, what’s not going on. With the House in recess the entire month of August and the November elections just a couple months away, both congressmen told bankers there was little chance of any legislation passing before the end of the year. Equally frustrating is that, for some time, over 300 bills passed in the House have been sitting on Harry Reid’s desk in the Senate. According to the congressmen, even though 98 percent of those bills were passed in the House with bipartisan support, the Democrat-controlled Senate re- fuses to take up any of them. If there’s any hope of changing this stalemate, the Republicans will have to take over the Senate in the November elections. Both congressmen expressed cautious optimism that this could happen. In the meantime, TBA continues to encourage bankers to ask their sena- Congressmen Marsha Blackburn (top) and Diane Black (bottom) met with bankers tors and representatives to support from their districts during the August recess. TBA hosted the roundtable luncheons to regulatory reform legislation for the discuss issues on the minds of bankers and to give the congressmen the opportunity banking industry. Tennessee leads the to talk about the status of pending legislation in Washington. country with number of cosponsors on certain legislation, which is due to • HR 4521 – Mortgage Relief: Black, Fincher, Fleischmann, Roe the outreach from member bankers. Cooper, Fincher Below is a list of key bills and Ten- • HR 4466 – Regulatory Clarity: In addition to these two recent nessee cosponsors, as of September Fincher, Fleischmann roundtables, TBA has hosted similar 11, that TBA is currently focusing on. • HR 1750 – CLEAR Relief Act: meetings with Congressmen Fleis- Black, Blackburn, DesJarlais, Duncan, chmann, Roe, and Cooper and is • HR 2673 – Portfolio Lending: Fincher, Fleischmann, Roe working to coordinate meetings with Black, Blackburn, Duncan, Fincher, • HR 1553 – Exam Fairness: Black, the remaining Tennessee delegates Fleischmann, Cooper Blackburn, Cooper, DesJarlais, Duncan, before the end of the year. ■

16 THE TENNESSEE BANKER | OCTOBER 2014 A celebration of the exceptional bankers who have served their communities Leaders in Banking LBEe x c e ll e n c e and been hallmarks of the banking industry 4 201 2014 HONOREES Charles E. Gleghorn & William E. McDonald C E Y R E M O N

© Donn Jones, Nashville

Above: TBA Chairman Bill Marsh presided over the ceremony.

Left: Past LBE honorees who attend- ed the ceremony are pictured with the 2014 inductees. Front, l-r, Don Moser, Willie McDonald, Charles Gleghorn, Billy Atkins. Back, l-r Sammy Stuard, Bill Marsh, Waymon Hickman, Meade Hopkins, Gary © Donn Jones, Nashville Scott, and Brad Barrett.

© Donn Jones, Nashville

It was a full house at the 2014 ceremony, with over 100 staff, family, and banking associates invited to share in the honors.

OCTOBER 2014 | THE TENNESSEE BANKER 17 Leaders in Banking Excellence continued

© Donn Jones, Nashville

Above: Charles Gleghorn

Left: Gleghorn with family and staff © Donn Jones, Nashville

© Donn Jones, Nashville

TBA Chairman Bill Marsh, left, and TBA President Colin Barrett, presented the plaque to 2014 honoree Charles © Donn Jones, Nashville Gleghorn.

© Donn Jones, Nashville

Willie McDonald discussed his career and thanked those who nominated him for the © Donn Jones, Nashville LBE honor.

18 THE TENNESSEE BANKER | OCTOBER 2014 © Donn Jones, Nashville

This page: Willie McDonald had one of the largest groups of family, colleagues, and friends ever to attend an LBE ceremony.

© Donn Jones, Nashville © Donn Jones, Nashville

© Donn Jones, Nashville

OCTOBER 2014 | THE TENNESSEE BANKER 19 The Erosion of Credit-Bid Protection in Bankruptcy and Its Effects by Robert C. Goodrich, Jr, and J. Patrick Warfield Stites & Harbison, PLLC, Nashville, TN

ccording to the Thompson there is an exception in the statute for tended to become the leading manufac- Reuters Loan Pricing Cor- “cause,” which is not defined. The term turer of high-end, plug-in hybrid cars. A poration, in the first quarter “cause” in this context historically has In what may not be the greatest mo- of 2014 the trading volume of loans been very narrowly interpreted and ment in US government lending history, on the US secondary loan market was found to exist only where the secured the Department of Energy (“DOE”) in $139.27 billion, with $4.93 billion claim is subject to legitimate dispute or 2010 funded a $168 million loan to in distressed loan trades. The overall where the secured creditor has engaged Fisker. In 2013, the Fisker loan was trading volume of loans in the first in unlawful or inequitable conduct. The sold to Hybrid Tech Holdings, LLC quarter is well above the $114.31 legislative history of 11 USC § 363, (“Hybrid”) for $25 million. The fol- billion quarterly average seen since the which requires “adequate protection” lowing month, Fisker filed for Chapter first quarter of 2008. The secondary for nondebtors in all instances when 11 protection in Delaware, and Hybrid loan market is very active. the debtor proposes to use, sell, or lease was considered Fisker’s senior-secured The secondary loan market benefits property, is illuminating: lender. On Fisker’s petition date, it filed lenders, buyer of loans, debtors, and a motion seeking court approval of a those seeking credit. The lender is able The concept of [adequate protection] sale of essentially all its assets to Hybrid to liquidate an asset and improve its is derived from the fifth amendment for a credit bid of $75 million. liquidity and lending capability. The protection of property interests. See When Fisker sought court approval buyer purchases at a price it deems Wright v Union Central Life Ins Co, 311 of its private sale to Hybrid, the un- attractive and has the opportunity US 273, 85 L Ed 184, 61 S Ct 196 secured creditors committee objected to make a profit to the extent it can (1940); Louisville Joint Stock Land Bank and requested that the assets be sold collect in excess of the purchase price. v Radford, 295 US 555, 79 LEd 1593, via public auction and that Hybrid be The debtor often has the opportunity 55 S Ct 854 (1935). It is not intended precluded from credit bidding or its to strike a better deal with the purchas- to be confined strictly to the constitution- bid be capped. Instead of allowing the er than the lender would make. The al protection required, however. The private sale to occur, the court sided purchaser may provide a discount or section, and the concept of adequate with the unsecured creditors, ordered a provide additional credit. Those seek- protection, is based as much on policy public auction, and also found “cause” ing new credit may find their lending grounds as on constitutional grounds. for limiting Hybrid’s credit bid. institutions in a better position to lend. Secured creditors should not be de- The bankruptcy court justified lim- Purchasers of distressed debt are prived of the benefit of their bargain. iting Hybrid’s credit bid by observing taking a risk—possibly a significant HR Rep No 95-595, 95th Cong, 1st that in the absence of a cap on Hybrid’s one—but the credit-bid right and other Sess; HR 8200 reprinted in 1978 credit bid, there would be no compet- bankruptcy principles mitigate that risk USCCAN 5787, 6295. itive bidding at the auction. The court by insuring that they will either recover went so far as to say that if Hybrid were their collateral or be paid its value, Two recent decisions, however, have allowed to credit bid its full indebt- without having to advance additional significantly eroded the credit-bid protec- edness “bidding [would] not only be funds to do so. These protections are tion of the secured creditor: In re Fisker chilled . . . bidding [would] be frozen.”3 grounded in the takings clause of the Automotive Holdings, Inc1 and DSP With that in mind, the bankruptcy US Constitution and part of the balance Acquisition, LLC v Free Lance-Start court capped Hybrid’s bid at $25 mil- of protecting secured creditors while si- Publishing Co.2 lion, the amount it paid for the loan, multaneously affording an opportunity without saying how it arrived at the for the debtor’s reorganization. FISKER Automotive Holdings, Inc cap. If Hybrid wanted to bid more, The credit-bid right in bankruptcy Fisker Automotive Holdings, Inc, it could do so, but it had to pay cash is codified at 11 USC § 363(k), and (“Fisker”) was founded in 2007 and in- instead of using the debt that it had

20 THE TENNESSEE BANKER | OCTOBER 2014 purchased as a credit against the pur- its credit bid and allowing a sale of the right] or if any participant had to won- chase price. collateral for less than the secured cred- der whether, at the end of the day, its Hybrid attempted to appeal the itor is owed, the court is depriving the credit-bid could be disallowed if there’s bankruptcy court’s decision to the Unit- secured creditor who cannot come up with the prospect of higher and better recov- ed States District Court for the District additional funds the ability to protect its eries for unsecured creditors.4 of Delaware, but its appeal was denied. interests. It is denied statutorily mandated Any benefits realized from this “adequate protection.” The buyer with approach, and it is hard to see any, do DSP Acquisition, LLC cash may then receive a windfall by pur- not stack up against the substantial Aware of Fisker, the secured cred- chasing assets for less than their value, at likelihood of the disruption imposed on itor, DSP Acquisition, LLC (“DSP”), the expense of the secured creditor. There is the secondary loan market. ■ attempted a first strike and asked the no rational basis to support this approach. bankruptcy court to declare that it had If Fisker and DSP become the accepted a right to credit bid. But the bankruptcy approach to credit bidding, i.e., denying Endnotes court was having none of that. Refer- the secured creditor the right to protect 1 In re Fisker Auto Holdings, Inc, No 13- encing the standard bases for cause, its collateral and capping the credit bid 13087, 510 BR 55 (Bankr D Del Jan 17, the bankruptcy court found that DSP’s based on the loan sale price, whether the 2014) (Dkt No 483). security interest was subject to dispute court admits what it is doing or not, loan 2 DSP Acquisition, LLC v. Free Lance- and that it had acted in an inequitable purchasers likely will lose their incentive Start Publ’g Co, No 3:14-cv-303-HEH, manner by asserting security interests for acquiring loans. Fisker’s counsel wise- 3:14-cv-304-HEH, 2014 US Dist LEXIS that it did not have, and it capped DSP’s ly observed: 63274 (ED Va May 7, 2014). credit bid to a fraction of its debt. Also, I think it’s fair to ask whether the Unit- 3 Fisker, 510 BR at 60. citing Fisker, the bankruptcy court and ed States government would have been 4 In re Fisker Auto Holdings, Inc, Case the district court to which DSP unsuc- able to realize the $25 million that it did No. 13-13087 (Dkt No 447) (1/10/14 Hrg cessfully appealed went on to tout the if there were a cloud over [the credit-bid Tr at 120). advantage of a “robust” bidding envi- ronment and concluded that the rights of the secured creditor could somehow be sorted out later. About the Authors Robert C. Goodrich, Jr, is a member of Stites & Har- Misguided Priorities bison, PLLC, located in the Nashville office. For over The fact that a debtor is selling all 30 years, Goodrich has represented creditors, creditors’ or substantially all of its assets—as was committees, landlords, and other interested parties in the case in Fisker and DSP—means bankruptcy and insolvency related matters in state and that there is no reorganization, only Goodrich federal courts. Goodrich also assists in the formation of a liquidation. The need to balance the complex financial transactions with a view toward the rights of the secured creditor against consequences of insolvency. He is admitted to practice in the debtor’s opportunity to reorganize Tennessee and is a member of the American, Tennessee, does not exist. The only justification for and Nashville Bar associations. He serves as a director of bankruptcy in these instances, which the Mid-South Commercial Law Institute and is also a enjoins the creditor from exercising its member of the American Bankruptcy Institute and Turn- remedies and provides a sales mecha- around Management Association. Goodrich is AV-rated by nism, is to liquidate the assets for more Martindale-Hubbell, is listed in Best Lawyers in America, than is owed to the secured creditor. Warfield Mid-South Super Lawyers, and Chambers USA. If there is not a bid for more than the secured creditor is owed, and if the se- cured creditor does not consent, there J. Patrick Warfield is an attorney in the firm’s Nashville office where he is should be no sale. a member of the Creditors’ Rights & Bankruptcy Service Group. His practice And that is what 11 USC § 363(f) focuses on complex commercial litigation, bankruptcy, out-of-court workouts, provides, in addition to the credit-bid creditors’ rights matters, and other related insolvency issues. Warfield is a rights afforded under 11 USC §363(k). co-editor of the Creditors’ Sidebar, www.creditorssidebar.com, a legal blog It is absurd to express concern over a related to bankruptcy, insolvency, and creditors’ rights issues. Warfield is ad- “robust” market when the sales price mitted to practice in Tennessee. He is a member of the American, Tennessee, will not even pay the secured debt. and Nashville Bar associations. By stripping the secured creditor of

OCTOBER 2014 | THE TENNESSEE BANKER 21 2014 TBA Membership Meetings

n August, TBA Chairman Bill Marsh and senior staff members I of the TBA traveled across the state for seven Membership Meetings. The turnout was great this year with approximately 400 TBA members and associate members in attendance to hear about what to expect in the fall elections, BankPac activity, Yes on 2, the TBA-commissioned survey on credit unions in Tennessee, the Regulatory Feedback Initiative, TBA education and training programs, and a new FinancialPSI product. ■

OUR 2014 SPONSOR

Representing the TBA at the meetings were (l-r) Tim Amos, Dianne Martin, TBA Chairman Bill Marsh and his wife Carol, Susan Taylor, Stacey Langford, Amy Smith, Angela Griffin, President Colin Barrett, and Debbie Brickles (not pictured).

22 THE TENNESSEE BANKER | OCTOBER 2014 OCTOBER 2014 | THE TENNESSEE BANKER 23 2014 TBA Membership Meetings continued

24 THE TENNESSEE BANKER | OCTOBER 2014 Endorsed Partner Pathway Lending Awarded $1.75 Million To Expand Support of Tennessee Businesses

hrough its Community Devel- and contribute to the revitalization of of all sizes and are beneficial particular- opment Financial Institutions communities. ly to high-growth companies with more T Fund, the US Department of “We are honored to receive this gen- than $100,000 in receivable financing Treasury recently awarded $195 mil- erous grant from the CDFI Fund,” said needs. lion to CDFIs across the country to Clint Gwin, president of Pathway Lend- The expanded working capital loan increase their lending and investments in ing. “It will give us the ability to empower products help businesses realize busi- low-income and economically distressed more Tennessee businesses to grow and ness opportunities that come with hav- communities. Pathway Lending, a TBA continue to add jobs and revitalize their ing cash on hand and gain a competitive endorsed partner, was among just 38 communities. The funds will be used to advantage with extended credit terms. business loan funds to receive an award bolster Pathway Lending’s working capi- “Our goal is simple,” said Gwin “to in the 2014 round out of 400 applicants tal loan products—an important suite of align capital with opportunity. It allows and the only recipient in the state of tools for businesses in Tennessee that help us to help more small business owners Tennessee. them bridge the lengthening gap many overcome the barriers associated with Pathway Lending, a statewide not- experience between sending an invoice cash–flow issues and realize opportuni- for-profit small business lender, was and receiving payment.” ties for growth. awarded a $1.75 million grant. Pathway Lending’s working capital To learn more about Pathway Lend- These grants invest in and build loan products, which were launched in ing’s financial products and services, the capacity of CDFIs like Pathway 2012, provide funds to bridge the gap contact Hank Helton, senior vice Lending, empowering them to grow, between payables and receivables. These president at 615-425-7171 or Hank. achieve organizational sustainability, loan products are suitable for businesses [email protected]. ■

FOCUS ON SOLUTIONS Inconsistent fee policies chip away at your noninterest margin.

Waived fees and discounted Fees & Refund Trends Report rates are a double-edged sword: SNL Banker helps They help ... but if they’re too big you target discounts retain customers and indiscriminate, to set stricter fee and build market revenue can policies and protect share... suffer. margins.

TBA members: Learn how to preserve your noninterest margin and solve five other common › banking challenges. Contact Julie Jones at 434.951.4419 or [email protected].

OCTOBER 2014 | THE TENNESSEE BANKER 25 Memphis - December 2 TBA Announces New Enterprise Risk Management Program Joint Venture with Arkansas/Mississippi Bankers

The role of credit risk manage- ment in enterprise risk manage- T ment appears to be evolving and changing as the market tries to make a comeback. Moreover, the demands on loan production while loan demand re- mains somewhat flat is a challenging risk ratings, and timely recognition of ments early to assure you receive the issue for all credit professionals. nonaccrual assets. special rate. Throw in expectations of future loan Rushing will discuss in detail con- To reserve accommodations, call demands, and the pressure on credit temporary issues regarding the al- the Hilton Memphis Hotel directly professionals to build solid credit lowance for loan and lease losses and at 901-762-7408 and ask for the TN operation foundations increases even proposed changes. In addition, the Bankers Association program group rate. more, based on lessons learned over program will explore processes and pro- the most recent credit crisis. cedures in problem loan management. Registration Information The Tennessee Bankers Associa- Participants will receive resources Registration fees cover instruction, tion joins with the Arkansas and Mis- they can reference ongoing back in the instructional materials, refreshment sissippi bankers associations to bring workplace. breaks, and lunch. our members a full–day program Registrations received in the TBA covering these issues to be offered on Who Should Attend? office by the close of business on one date at one site only. The Role The program is directed to all credit November 21 qualify for early regis- of Credit Risk Management in Enter- professionals, including, but not limited tration fees of $220 for TBA members prise Risk Management will be held to, chief executive officers, board mem- and associate members and $440 December 2 at the Hilton Memphis bers, chief credit officers, risk officers, for nonmembers. After November Hotel, convenient to members of all loan review professionals, credit ana- 21, registration fees increase by $30 three associations. lysts, special asset officers, and lending to $250 for members and $470 for The instructor is Ron Rushing personnel. nonmembers. of Rushing Con- Attendants qualify for 6.5 hours of All day-of-program registrants will sulting Group, CPE credit in the area of specialized be assessed an additional $50 late reg- LLC. Rushing knowledge and application. istration fee, no exceptions, so please will provide the register in advance. framework of Hotel Information Visit the calendar page of the credit risk man- The Hilton Memphis Hotel is hold- TBA website, www.TNBankers.org/ agement’s role in ing a limited courtesy block of rooms calendar, and click on the link to The the enterprise risk on a first-come, first-served basis at a Role of Credit Risk Management management ap- special group rate of $119 per person. in Enterprise Risk Management to Ron Rushing proach. He will Self-parking is complimentary. register online or to download a copy address credit Friday, November 21, is the deadline of the program brochure containing culture impact on to reserve rooms a the special group complete program information and a your institution’s largest asset of the rate. When the allotted room block is printable registration form. balance sheet—loans. He will lead sold, rates will return to standard prices If you have questions about this discussions regarding the importance on a space-available basis, even if it is program, please contact Debbie Brick- of identifying risk in the loan portfo- before the November 21 deadline, so les in the TBA office at 615-244-4871 lio appropriately, assigning correct please make your overnight arrange- or 800-964-5525. ■

26 THE TENNESSEE BANKER | OCTOBER 2014 Regional Program Flood Insurance Changes November 17, 18, 19, & 20

o help make sense of the mess of new laws and proposed and Flood insurance rules are in turmoil. On July 6, 2012, final regulations surrounding T Congress passed the Biggert-Waters Flood Insurance Reform flood insurance, the TBA will conduct the regional workshop, Understand- Act. Since then FEMA and the financial institution regulato- ing Recent Flood Insurance Changes, ry agencies have been working on regulations to implement in four locations across the state: No- the Biggert-Waters changes. vember 17 in Jackson, November 18 On March 23, 2014, Congress passed the Homeowner in Nashville, November 19 in Knox- ville, and November 20 in Kingsport. Flood Insurance Affordability Act. The Affordability Act The instructor is Jack Holzknecht, revises certain sections of Biggert-Waters, eliminated or de- principal with Pegasus Educational lays other sections, and creates new rules. FEMA published Services, LLC. a final rule that was effective June 1, 2014. The interagency final rules, expected last spring, have been delayed by the Program Topics and Audience This program was developed Affordability Act. for compliance officers, operations personnel, mortgage loan officers, loan originators, and others involved • The current status of escrow require- Registration Information in obtaining and maintaining flood ments Registration fees for the Under- insurance on mortgage loans. Partic- Those who attend the workshop will standing Recent Flood Insurance ipation in TBA programs is limited receive a detailed manual that serves as Changes workshop cover instruction, to members, associate members, and a handbook long after the program is the detailed manual, continental nonmembers form an eligible mem- completed. breakfast, refreshment breaks, and bership category. lunch. Upon completion of the workshop, About the Instructor Registrations received in the TBA participants should understand: Jack Holzknecht has been delivering office by the close of business on No- • The requirements of the Big- the work on lending compliance for vember 7 qualify for early registration gert-Waters Flood Insurance Reform 38 years. In 33 years as a trainer, over fees of $220 for TBA members and Act 125,000 bankers and many examiners associate members and $440 for non- • FEMA’s new requirements, which have participated in Holzknecht’s live members. After November 7, fees are were effective June 1, 2014 seminars and webinars. $250 and $470, respectively. • The delay in the mandatory es- Holzknecht’s career began in 1976 All day-of-program registrants will crow requirements to January 1, 2016 as a federal bank examiner. He later be assessed an additional $50 late • The requirements of the Home- headed the form, software, and educa- registration fee. owners Flood Insurance Affordability tion divisions of a regional consulting Act company. There, he developed loan and Visit the TBA website at www. • Transaction coverage rules deposit form systems and software. He TNBankers.org/calendar to register • How to assure timely and com- also developed and presented training online or to download a copy of the plete flood determinations programs to bankers in 43 states. Holz- Understanding Recent Flood Insur- • How to deliver proper flood knecht has been an instructor at compli- ance Changes brochure containing hazard notices at origination and in ance schools presented by several state complete program information and a situations where loans are increased, bankers associations. He developed and printable registration form. renewed, or extended delivered compliance training for the If you have questions about the • How to calculate the proper FDIC for 10 years. program, please e-mail Debbie Brick- amount of flood insurance Holzknecht is a certified regulatory les, [email protected], or • How to force-place insurance compliance manager and a member of call her at 615-244-4871 or 800-964- under the revised rules the National Speakers Association. 5525. ■

OCTOBER 2014 | THE TENNESSEE BANKER 27 On the Horizon Upcoming Lending Workshops

Analyzing Personal and Business • Sample post-closing loan review format TBA contact: Debbie M. Brickles - [email protected] Financial Statements and Tax Returns Senior Vice President of Training & Development of the Small Business Owner October 28 – UT Conference Center, Knoxville October 29 – TBA Barrett Training Center, Nashville Commercial Real Estate Construction Early registration deadline: October 17 Lending Presented by John Cochran, Cochran Associates, LLC, October 31 — TBA Barrett Training Center, Nashville this program prepares community bank lenders, credit Early registration deadline: October 17 analysts, and those who have responsibilities for under- In many community banking markets, commercial writing and managing small business lending relationships construction lending is re-establishing itself as a desirable to understand how personal financial statements and tax line of business. The commercial projects, when managed returns factor into understanding the balance sheet and responsibly, represent sound opportunities for both loan income relationships of small business owners, portfolio growth and profitability. The seminar which, in turn, affects timely and orderly repayment topics take the commercial real estate construction and overall borrower’s credit quality. Cochran request from initial underwriting through project presents ratio analysis and debt service coverage completion, emphasizing safe and sound lending concepts within the context of the review of case considerations in each phase. The instructor is John studies. This seminar will focus on analyzing the Cochran, Cochran Associates, LLC. small business owner’s financial information to predict re- The content of this full-day, overview program was payment ability and establish a framework for monitoring developed for chief executive officers, chief lending offi- the borrower’s financial condition during the life of the cers, commercial lenders, and credit administration staff borrowing relationship. with responsibilities in the area of commercial real estate TBA contact: Debbie Brickles - [email protected] construction. Senior Vice President of Training & Development TBA contact: Debbie Brickles - [email protected] Senior Vice President of Training & Development Workshop for Loan Assistants and Loan Processors WE LOVE OUR SPONSORS! October 30 — TBA Barrett Training Center, Nashville Sponsorships help TBA maintain high–quality Early registration deadline: October 17 programming while controlling costs for attending the events. To sponsor an upcoming event listed This day-long workshop, presented by John Cochran, here or in the coming year, contact Stacey Langford, Cochran Associates, LLC, is designed to increase the [email protected]! lending knowledge and administrative effectiveness of one of the most important positions in a community bank’s 2013-2014 Top Ten Sponsors lending staff—the loan assistant/loan processor. All of the For association fiscal year May 1, 2013 – April 30, 2014 objectives of the program are directed at increasing the 1. Financial Products and Services, Inc performance effectiveness of these individuals. 2. TIB – The Independent Bankers Bank Attendants will receive a variety of lending resource hand- 3. Federal Home Loan Bank of Cincinnati outs, including: •Lending risk management resources and regulatory web- 4. Crowell & Crowell, PLLC sites 5. First National Banker’s Bank • Sample loan documentation 6. Investors Title Insurance Company • Sample loan policy narrative 7. Crowe Horwath LLP • Sample credit administration guidelines 8. FTN Financial • Sample loan underwriting guidelines and documentation 9. Banc Compliance Group, Inc procedures • Sample loan closing checklists 9. KraftCPAs PLLC

28 THE TENNESSEE BANKER | OCTOBER 2014 On the Horizon Upcoming Education Programs

BANK DIRECTORS RETREAT and schedule your fall board meetings in conjunction with this conference. November 19 & 20 — The Hermitage Hotel, Nashville Program sessions include: • The Future of Tennessee Banking Early registration deadline: November 4 • The Bank Director’s Evolving Role in Compliance Hotel cutoff: October 31 • Director Liability in a Connected World This annual Bank Directors Retreat was developed in • How to Build and Retain a High-Performing Bank Board conjunction with the Tennessee Department of Financial • What Is the Standard of Care for Bank Officers and Institutions. Attendants will receive information on many Directors in Tennessee? current issues of importance to Tennessee bankers in today’s • The US Economy in 2014–2015: Interest Rate Hikes— regulatory environment. Outside and inside board members, Not If, but When? CEOs, presidents of community banks, and internal audi- tors throughout the state will benefit from the information TBA contact: Susan R. Taylor, CMP - [email protected] available. We encourage you to bring your board members Senior Vice President of Professional Development IN CONJUNCTION WITH ... Tennessee Department of Financial Institutions

BANK SECURITY AND RISK This year’s agenda includes the following topics: • Framework for improving infrastructure cyber security MANAGEMENT CONFERENCE and implications for executing that framework November 6 & 7 — Nashville Airport Marriott, • FFIEC guidance on social media risk • Complying with the new ACH security framework rule Nashville • Controlling compliance risk to meet new FRB standards Early registration deadline: October 23 • Information security—importance and who is responsible Hotel cutoff: October 17 • Vendor management The Bank Security and Risk Management Conference is This annual conference is designed to give both the new developed for security officers, security assistants, compli- and the experienced security officer a critical resource for ance officers, human resource managers, training managers, receiving timely and continuing security education. It pro- boards of directors, auditors, retail operations managers, vides established and emerging industry-standard security facilities managers, or any bank personnel dealing with practices, enhances the security professional’s credibility security or risk issues. with their peers and board of directors, continues personal and professional development, and reduces personal and TBA contact: Susan R. Taylor, CMP - [email protected] corporate liability. Focusing on the “hot” topics involving Senior Vice President of Professional Development bank security, the conference delivers instruction, discus- sion, and experiential learning opportunities for all security professionals.

Coming Soon! - In Print and Online 2015 TBA PROFESSIONAL DEVELOPMENT DIRECTORY A must-have resource - listing all TBA programs

OCTOBER 2014 | THE TENNESSEE BANKER 29 Promotions

CapitalMark Bank & Trust, Knox- Fifth Third Bank, Nashville, named FSG Bank, NA, Farragut, has ville, has added a new team of bankers, Claude Whatley, veteran banker of 20- announced the addition of Matt Josh Hopkins, Brandon Hackett, and plus years, to assistant vice president Webster as a commercial banking Cameron Puckett, to its Knoxville and financial center manager for the officer. Webster brings more than 15 office. In addition,Julie McLain has Donelson banking center. years’ banking experience to his new joined the wealth and trust department position. Sonya Bower-Hennessy has in the Chattanooga office. joined FSG Bank, NA, Knoxville, The First Bank & as a mortgage loan originator. Bow- Trust Company has pro- ery-Hennessy was most recently an as- Citizens National Bank, Sevierville, moted Stephanie Gillen- sistant vice president in the mortgage has welcomed Jason Holliman as senior water to vice president lending division at Citizens Bank. vice president and chief financial officer. and senior credit analyst Previously, Holliman was audit director for the northeast Ten- with Mauldin & Jenkins CPA, LLC, nessee region. With the Magna Bank, Memphis, has an- Chattanooga. Holliman has over 12 Stephanie bank for seven years, nounced the addition of Loretta Black years’ experience in public accounting. Gillenwater Gillenwater is in the to its Nashville mortgage team serving First Bank & Trust A certified public accountant, a certi- Company, Bristol Bristol office. clients in the Nashville/Columbia area fied valuation analyst, Holliman holds and across Maury, Williamson, and membership in both the Tennessee and Davidson counties. Before joining National Society of Certified Public First Century Bank, Tazewell, has Magna Bank, she worked for First Accountants and National Association promoted four key staff members: Au- State Bank as mortgage president of Certified Valuators and Analysts. drey Rowland to first vice president, se- division for 19 years; at Union Plant- nior credit specialist; Cotina (Tina) Cline ers Bank of West Tennessee, where to first vice president, senior compliance she was assistant vice president of The board of direc- officer;Ro Owens to first vice president, mortgage lending; and as a mortgage tors of CB&S Bank, senior credit officer; and Renea Johnson loan officer at Metropolitan Federal Russellville, AL, has to assistant vice president, office manager Savings and Loan. announced the pro- for the bank’s Sneedville branch. motion of Tracie Lo- max to vice president. Banking veteran Mark Easterly has Lomax is the branch First National Bank, Lenoir City, has joined New Peoples Bank, Kingsport, Tracie Lomax sales leader at the named Marsha Coggins as vice president as a commercial loan officer working CB&S Bank, Hohenwald office of and branch manager for its West Knox of- from the Kingsport office. With over Russellville, AL CB&S Bank. She has fice. Coggins has 35 years’ banking experi- 31 years in banking and the financial over 23 years’ banking experience ence with GreenBank, Mountain National industry, Easterly is a licensed life and and has worked in the same office Bank, and First Tennessee Bank, NA. property and casualty insurance agent since 1991. In addition, the board also in the state of Tennessee and holds named Carolyn Blakney as vice presi- series 6 and 63 licenses from the fi- dent. With over 37 years’ experience, Foothills Bank & nancial industry regulatory authority. Blakney is the branch sales leader of Trust, Maryville, has the Savannah office and has worked announced staff promo- in several areas of banking, rising from tions for David Conner, Paragon Bank, Memphis, has add- teller through audit, compliance, and Jennifer Coffin, and Lisa ed Richard Harris as vice president loan departments. Other promotions Hill, each having served of commercial banking. Harris will announced by the board included Bob- Foothills B&T since its work primarily at Paragon’s Fountain by McComic to vice president; Tammy David Conner opening in June of 2007. Place banking center while providing Wood to vice president; Teresa Taylor Foothills Bank & Conner was promoted to Paragon’s suite of business banking Trust, Maryville to assistant vice president and consum- senior vice president and services to companies in the Memphis er lender at the bank’s Parsons office. Coffin and Hill to vice president. market area.

30 THE TENNESSEE BANKER | OCTOBER 2014 Patriot Bank, Memphis, welcomed Lattimore Black Morgan & Cain, Littler Mendelson, PC, Mem- Michelle Couch to the team as senior PC, Brentwood, has promoted Paula phis, has named Tanja Thompson vice president. Thurman to manager from senior staff. co-chairman of its traditional labor Alexander Bottiggi has joined the firm law practice. as a help desk technician. In addition, Jeremy Cook, most recently with Andy Lowe joined LBMC, Knoxville, as Clayton Bank and Trust, was named head of the firm’s valuation, litigation, M.E. “Buck” Dougherty, III, was senior vice president and branch and business transition services group. named a partner and a member of manager of the Pinnacle Bank branch Previously, Lowe was with Lattimore Wyatt, Tarrant & Combs, Memphis, now under construction on Emory Black Morgan & Cain, PC, Nashville, bankruptcy and creditors’ rights ser- Road near Dry Gap Pike, soon-to-be office. vice team. ■ Pinnacle’s fifth branch in Knoxville.

Pinnacle Financial Partners, Nash- ville, has announced several staff ad- ditions. Luciano Scala joined the bank as senior vice president and mortgage adviser; Jim Woods as a vice president and underwriter; and Penny Pate and Kim Warren as service specialists. Pre- viously, Scala was a mortgage loan of- ficer with SunTrust Bank; Woods was a credit underwriter with JPMorgan; Pate was head teller with F&M Bank; and Warren was a teller supervisor with The Bank of Nashville.

Security Bank, Dyersburg, has announced the promotion of Hal Johnson to senior vice president of loan administration and compliance. Johnson, a Security Bank employee for 16 years, began his banking career 22 years ago.

TruPoint Bank, Johnson City, has named Ben A. Berry Tennessee market president at the bank’s Johnson City office. With a decade of commercial lending experience, Berry will lead TruPoint’s business development efforts in the Tri-Cities area and com- mercial lending efforts throughout the bank’s footprint.

Union Bank, Jamestown, has announced the promotion of four of- ficers.Bryant Johnson was named ex- ecutive vice president, Lynn Stephens senior vice president, Kara Brannon to assistant vice president, and Jamie Rich to assistant vice president.

OCTOBER 2014 | THE TENNESSEE BANKER 31 Bank Notes

Hardin County Bank Named a Top Eight Greer Graduates from Extraordinary Bank in the US ABA’s School of Bank Marketing Congratulations to The Hardin County Bank, Savannah. The bank was named as one of the top eight Rachel Freeman Grear, marketing extraordinary banks in the US by The officer with Bank of Ripley, Ripley, Institute for Extraordinary Banking®. recently graduated from the ABA’s In addition, they are the proud recipi- School of Bank Marketing and Man- ents of the “Thank God, It’s Monday” agement. ■ award for Extraordinary Internal Culture. This honor is a result of the high levels of employee engagement and the bank’s successful injection of Travis Edmondson fun into the workplace, while achiev- was one of five banks in the nation nom- ing breakthrough results. Adding to inated for Best Bank Practices and the Elected to Knoxville the honors, The Hardin County Bank Financial Literacy Award. ■ Chamber of Commerce Board

Travis Edmondson, CEO, Clayton Franklin Synergy Bank Dedicates New Auditorium Bank and Trust was elected to serve to Founder Lisa Musgrove a three-year term on the Knoxville Chamber of Commerce board of direc- tors. Other bankers continuing their Franklin Synergy Bank, Frank- Richard Herrington, Franklin Syner- service on the board are: Grant Boyd, lin, has expanded its space with the gy chairman and CEO. “Lisa was a managing director and city president, opening of a new section at the main foundational person—she helped with SunTrust Bank; Mike DiStefano, ex- branch in Franklin. During the annual the founding of the bank,” said Aimee ecutive vice president, Pinnacle Bank; shareholders meeting June 24, the Punessen, the bank’s chief marketing David Reynolds, executive vice pres- bank dedicated the auditorium in the officer and senior vice president for ident/manager commercial banking, new section to founder and CFO Lisa public and investor relations. “At first, Home Federal Bank of Tennessee; Musgrove, who lost her battle with only six of us worked here,” Punessen Jessica Rich, vice president/district brain cancer in December 2012. continued, “we raised money—she was manager, US Bank; and Greg Wilson, The auditorium answered the a part of that. This feels like the heart of business/commercial banking manager, bank’s need for space to gather its the building, and (Musgrove) as CFO, First Tennessee Bank, NA. ■ 220 employees and officers, and it will was the person everybody went to. She serve as the heart of the bank. was the heart of the organization and “It also provides the community the Musgrove Auditorium is the heart ■ with another venue for events,” said of our building.” Campbell County Chamber Celebrates New Regions Bank Memphis Attorneys Recognized by Lawyers Location of Color The Campbell County Chamber Sehrish Siddiqui, associate with torney with Littler Mendelson, PC, of Commerce held a ribbon-cutting Bass, Berry & Sims, PLC, Memphis, Memphis, were recognized by Lawyers ceremony on August 22 for Regions and Kimberly Brown-Gibbs, an at- of Color in its annual Hot List 2014. ■ Bank’s new location. ■

32 THE TENNESSEE BANKER | OCTOBER 2014 Bill Stemmler of Iberia that have excelled in creating quality selection process involved two parts: workplaces for their employees. This is an external assessment of the com- Bank Named Leadership the firm’s sixth appearance on the list panies’ workplace policies, practices, Volunteer of the Year by since the award was initiated in 2008. philosophy, systems, and demograph- Habitat for Humanity Of the 100 honorees from across the ics (25 percent of the total evaluation) United States, KraftCPAs is the only and a survey completed by employees Bill Stemmler, vice president and company in Tennessee recognized. The (75 percent). ■ branch manager at IBERIA BANK, Memphis, was named Leadership Volunteer of the Year by Habitat for Humanity of Tennessee. ■

Southern Heritage Bank When it comes to the banking industry, Honors Two Employees KraftCPAs has the bases covered. for 50 Years of Banking

In August, Southern Heritage Bank, Cleveland, and Cleveland Mayor Tom Rowland recognized two bank employees for their outstanding ded- ication and loyalty for 50 years of service to the banking industry and communities where they work and live. Mayor Rowland paid visits to Maxine Murray, customer service officer, at the Keith Street branch and Georgia Gann, senior vice president at the George- town Road branch, to present them with proclamations. In addition to her work in the banking industry, Gann has spent time as an adjunct professor teaching banking at Cleveland State Community College. Representing the Southern Heritage for the ceremonies • External & internal audit • Information systems assurance were President and CEO Lee Stewart, & consulting • SOX documentation & testing Executive Vice President and COO • FFIEC audits Steve Ledbetter, and Executive Vice • Compliance reviews President Virginia Kibble. ■ • Risk assessment • Loan reviews & grading systems • External penetration testing • Employee benefit plan audits • Internal penetration testing KraftCPAs Lands on • Merger/acquisition assistance • Forensic accounting Accounting Today’s “Best • Valuation services • Enterprise risk management Accounting Firms to • Tax planning & compliance • Social engineering Work For”for Sixth Time In Nashville, contact Wynne E. Baker - 615-782-4230 KraftCPAs PLLC, Nashville, was Gina Pruitt - 615-782-4207 named one of the “Best Accounting Firms to Work For” in the US by Ac- In Columbia, contact counting Today, in its annual program Beverly Horner - 931-388-3711 with Best Companies Group to iden- www.kraftcpas.com/banking.htm tify and recognize accounting firms

OCTOBER 2014 | THE TENNESSEE BANKER 33 Community Corner

Macon Bank and Trust Company Supports Sherry’s First Citizens National Run for Cancer Research Bank Celebrates 125 Years by Donating In July, Macon Bank and Trust to Community Projects Company, Lafayette, presented Sher- ry’s Run with a check for more than First Citizens National Bank, Dy- $5,000. Debbie Mason, marketing ersburg, is celebrating 125 years with and public relations director for an “Unbelievably Good Giveaway” Macon B and T, is also a cancer sur- on Facebook. The purpose of this vivor. Because of this, she knows the campaign is to celebrate their longevi- importance of having a support group ty as a community bank and highlight who is there to help you emotionally, the unbelievably good communities spiritually, and financially during the L-R: Debbie Mason, Macon Bank & Trust they serve. To coordinate with First hardest time in your family’s life. Company marketing & public relations; Citizens National Bank’s 125th anni- Tiffy Clemons, Sherry’s Run executive That is exactly what Sherry’s Run versary, the bank will donate $1,250 board member; Radford West, Macon does for cancer patients and their Bank & Trust Company CEO and president. to each of their four regions to help families in the Macon County area support a community project. Wheth- who have a true financial need. “They Sherry’s Run 2014 took place Sep- er it is building a new playground for treat you with compassion and dignity tember 13, and Macon B&T encour- a local park or installing new book- and truly care about you as an indi- aged everyone to step up and support shelves at the local library, FCNB vidual,” said Mason. Sherry’s Run by making a donation. ■ wants to hear about it. ■

Capital Bank Donates Jefferson City and Dandridge BB&T Branches to Greeneville Schools Volunteer for Jefferson County Habitat for Humanity

Capital Bank, NA, Greeneville, Taking part in the sixth annual Light- Since the first year of the Light- donated $10,000 to the Greeneville house Project, a group from Jefferson house Project in 2009, BB&T asso- City Schools Education Foundation City and Dandridge locations of BB&T ciates from across the nation have to benefit the organization’s Reach4IT volunteered collectively over 30 hours of donated more than 265,000 hours program. Launched in September their time, helping to paint and spruce in volunteer service and helped more 2013, Reach4IT is a $750,000 initia- up the facilities and office space for than 8 million people. tive that will equip Greeneville City Habitat for Humanity at the ReStore at “We are honored that BB&T Schools’ classrooms with computer the end of June. partnered with our Jefferson County devices for student use. Capital Bank “We wanted to work with Jefferson Habitat for Humanity in advanc- Market President Rick Manley offered County Habitat for Humanity because ing our wonderful mission,” said the company’s support when the bank of the great work they do in Jefferson Shelia Wiggins, executive director leadership met with delegates from the County,” said Bryan Bolinsky, assistant for Jefferson County Habitat for city schools’ Education Foundation. vice president for BB&T. Humanity. ■ Thanks to generous responses from a supportive Greeneville com- munity, Reach4IT has raised nearly 96 Citizens National Bank Sponsors Kids’ Fishing Tournament percent of its goal, finding that most of its donations have come from local Citizens National Bank, Sevierville, 2,000 hamburgers and hot dogs for businesses and industry—like Capital was a sponsor of the 25th Annual the fishermen and their families, Bank, NA. Every dollar raised for Mountain Music Kids Invitational were Joel Brannon, Larry Cook, Ally Reach4IT goes directly toward the Bass Fishing Tournament held July 26 Kennedy, Marc Lamb, David Moore, purchase of technology devices for on Douglas Lake. Participating bank Jodi Ramsey, Lois Ownby, and Derek students’ use in the classroom. ■ employees, who grilled approximately Seals. ■

34 THE TENNESSEE BANKER | OCTOBER 2014 SunTrust Bank of Memphis Honors Successful First State Bank Partnership with Operation HOPE Cosponsors “Protecting In August, SunTrust Bank, Mem- and provides empowerment programs Our Children Online” phis, hosted an event in the Brinkley and services designed to improve the First State Bank, Brownsville, teamed Plaza building honoring the success of economic quality of life for individuals, up with the Brownsville Police Depart- HOPE Inside, a partnership between families, and businesses. HOPE pro- ment to sponsor a free parent/children SunTrust Bank and Operation HOPE grams focus on group workshops and workshop “Protecting Our Children that provides free financial literacy individual financial counseling to help Online.” The workshop was presented by education to the community in a local residents to understand financial veteran Investigator Terry Buckley, cur- bank branch setting. HOPE Inside matters and the “language of money” rently assigned to the Special Investiga- Memphis@SunTrust opened in 2013 better. ■ tions Bureau, Jackson Police Department, to make children and parents aware of First National Bank of Evolve Bank and Trust/UTM the dangers of the Internet and social me- dia and to teach them to be cautious. ■ Oneida Awards Host Basketball Camp Grants to Teachers Evolve Bank and Trust, Memphis, HORNE Cosponsors joined with the University of Memphis In LaFollette, The First National Women’s Basketball team to host a basket- Jackson Symphony Event Bank of Oneida’s Carrie Mefford, vice ball camp for the children of Oasis of Hope TBA associate member HORNE LLP, president and financial services officer, August 23. Approximately 40-50 girls Jackson, cosponsored the Jackson Sym- presented checks to the winners of attended the Saturday afternoon program phony when it presented its annual Star- the 2014-2015 Josetta Griffith Mini giving them a chance to work on their ball light Symphony on August 23. This was a Grants. A total of 28 grants were handling and shooting skills with some of free event and a preview of the 54th season awarded to Campbell County teach- the University of Memphis Women’s team’s of the Jackson Symphony, providing music ■ ers in the amount of $13,336. best athletes. ■ to the citizens of West Tennessee. ■ Industry Experience, Personalized Service The Alexander Thompson Arnold CPAs team understands the strategic, operational and regulatory issues your financial Certi ed Public Accountants institution faces. If you need an independent auditor to make relevant recommendations for your Our O ces Serving unique situation, the ATA Financial Financial Institutions: Institutions Team wants to serve Milan, Tennessee Phone: 731.686.8371 you. Jack Matthis, CPA, CBA Services we offer: Dyersburg, Tennessee Phone: 731.285.7900 - Financial Statement Audits Steve Carmichael, CPA - Internal Audit Co-sourcing & Glendora Greenway, CPA Outsourcing Mark Downing, CPA Kevin Howell, CPA - Compliance Reviews - Loan & Union City, Tennessee Deposit Phone: 731.885.3661 - Tax Preparation & Planning Judy Rainey, CPA

- Business Valuations FI Team Members (left to right): Chloe Humphrey, CPA; - Assistance with Mergers & Acquisitions Partner Jack Matthis, CPA, CBA; & Katie Little, CPA. - Employee Benefit Plan Audit & Administration - IT Audits & Much More www.atacpa.net

OCTOBER 2014 | THE TENNESSEE BANKER 35 Employment Opportunities

POSITION WANTED 1409-3 GOVERNMENT LENDING BUSINESS 1408-12 MORTGAGE LOAN ORIGINATOR DEVELOPMENT OFFICER – CHATTANOOGA, TN Tennessee Bank & Trust seeks experienced mortgage 1407-7 CEO/SRO/BDO We are looking for a government lending business devel- loan originator with 3 years of experience in mortgage Results-driven executive with extensive record of se- opment officer (BDO) who can demonstrate a high level lending. Bachelor’s degree in business, finance, or nior-level leadership contributions, accomplishments, of sales performance with at least 5+ years of financial related field is preferred but not required. Essential and career growth in the banking industry since 1979. service industry coupled with 2+ years of government duties and responsibilities include, but are not limited Strengths include operational leadership, financial lending experience. FSGBank is a top producer in our to the following: knowledge of conventional, FHA, management, loan portfolio growth, new business markets for SBA and government lending ranking in the and VA mortgages, including knowledge of regulatory development, and community involvement. Contact top 10 in originations for the year. This BDO will be and compliance criteria and awareness of deadlines; Daryle Keck via e-mail to [email protected] or call responsible for development of a strategy around calling knowledge of secondary market loan products; capa- 865-607-9057. on commercial real estate brokers, business brokers, busi- ble of developing and implementing a marketing strat- ness/professional associations, accountants, lawyers, etc egy to capture new clients and increase referral base; to solicit SBA/government loan opportunities. The BDO is possess established relationships with local real estate 1405-2 SRO/CFO responsible for originating government guaranteed loans agents; capable of initiating and completing a mort- Community bank executive with 15 years of experience (SBA, USDA etc), as well as other bank products, through- gage loan application; capable of monitoring loans as chief financial officer. Has MBA with super-regional out the bank’s footprint and surround areas. Responsi- and assisting loan processors in completing loan files bank training and community bank experience. Ex- bilities: partner with commercial loan officers, branches, for approval; and capable of working on a commis- perienced in asset liability management, accounting, and other line of business officers to be a product expert sion-based income. To perform this job successfully, liquidity management, financial analysis, strategic plan- and calling officer for the market. Responsible for the qualified applicant must be able to perform each essen- ning, and budgeting. Contact Brian Hawkins via e-mail success and growth of assigned sales territory; for the sales tial duty satisfactorily. A qualified applicant must also [email protected] or call 706-340-1078. life cycle, including lead generation and sourcing, loan have a demonstrated ability to interact constructively policies and structure, product knowledge, and financial and effectively with all constituencies and possess a 1404-4 SECOND RANKING OFFICER/BRANCH analysis. Qualifications: prefer 5+ years’ commercial demonstrated skill in establishing work priorities, organizing work, and meeting deadlines. Applicant ADMINISTRATION HEAD financial sales experience; bachelor degree in business, must be capable of working under time constraints Innovative, result-proven financial services executive finance, accounting, real estate, or equivalent work ex- and handling a variety of duties. Must also attain the with over 23 years of banking experience. Highly perience or equivalent work experience; understanding technical knowledge and proficient utilization of the effective strategic leader with demonstrated ability to of SBA lending guidelines, policies, and procedures; 2+ bank’s mortgage lending software programs. Must successfully manage teams, meet large-scale delivera- years’ SBA lending experience; experience selling in the be personable and possess excellent interpersonal bles, and ensure enterprise success. Seeking position East Tennessee, North Georgia, and Alabama markets; and communication skills, both verbal and written. – CAO, retail operations exec, facilities. Qualifications good credit skills; and experience selling business and/or Applicant must be responsive and sensitive to the needs – mergers & acquisitions, product development, sales commercial related financial products. and concerns of the borrower. Please submit resumes & marketing, retail operations, facilities, deposit FSGBank is an equal opportunity employer and does to [email protected]. Tennessee Bank & compliance, security & risk management. Contact not discriminate on the basis of race, color, gender, reli- Trust is an Equal Opportunity Employer Jennifer Benefield via e-mail [email protected] or call gion, age, sexual orientation, national or ethnic origin, 919-616-4189. disability, marital status, veteran status, or any other occupationally irrelevant criteria. Qualified individuals 1408-11 MORTGAGE LOAN PROCESSOR please submit resumes to [email protected]. Sumner Bank & Trust is looking for an experienced mortgage loan processor to join our dynamic, rapidly POSITIONS AVAILABLE 1409-2 BRANCH MANAGER – MADISONVILLE, TN growing business in Sumner County. Primary respon- The branch manager is responsible for overall profitability sibilities are processing, closing, and post-closing of 1409-4 MORTGAGE LOAN ORIGINATOR – CHATTA- by directing sales and business development, meeting residential mortgage loans. A detailed job description NOOGA, KNOXVILLE, & COOKEVILLE, TN – ATLANTA, GA operational objectives, and ensuring the branch achieves is available upon request. Education and experience The mortgage loan originator will originate loans and its annual goals. Management and leadership duties in- requirements: 3 year’s job specific experience preferred. work with customers to meet their financial goals. clude: employee development and engagement, ongoing Basic computer skills needed to include Microsoft Help customers by partnering with them and assisting coaching, performance management, and sales leadership. Outlook, Word, and Excel, as well as proficiency with them through the mortgage lending process. Listen to Must adhere to the requirements of federal registration internet navigation and searches. Experience with mul- what works best for the clients and help them assess under the SAFE Act. Requires bachelor’s degree (BA) tiple loan origination systems and paperless processing the impact on them of their mortgage decision will from a 4-year accredited college or university or equiv- is a plus. A working knowledge of compliance related have on them. 2+ years of experience as a Mortgage alent work experience. Demonstrated leadership and to residential mortgage loans, financial institution pol- Loan Originator, preferably working with a residential minimum of 3 years’ branch sales experience. Minimum icies, procedures, and regulatory requirements as they mortgage lender. Qualifications: book of business 2 years’ managerial experience or proven leadership abil- relate to the loan department. Sumner Bank & Trust is preferred; high school diploma required; proficient ity. Fundamental understanding of profitability. Excellent an Equal Opportunity Employer supporting diversity with lending compliance standards and regulations; communication, written, and interpersonal skills. Proven in the workplace. If Sumner Bank & Trust sounds like excellent customer service approach; computer savvy ability to demonstrate and coach world–class level of cus- a place where you can succeed, please submit your with software experience preferred; excellent written tomer service. Demonstrates effective time management resume with detailed job history, education, and pay and verbal communication skills, including profession- and organization skills. Demonstrated strong knowledge history, plus compensation requirements to: Attn: HR, al demeanor; strong organizational skills with strict of business banking products, services, and client relation- Sumner Bank & Trust, 780 Browns Lane, Gallatin, TN attention to detail. ship management. Required to interact with customers in 37066 or e–mail [email protected]. FSGBank is an equal opportunity employer and does an open, face–to–face work environment. Able to make not discriminate on the basis of race, color, gender, periodic customer “offsite” calls/visits away from the 1408-10 BANK LOAN REVIEW CONSULTANTS religion, age, sexual orientation, national or ethnic branch to achieve sales goals. Major financial services consulting company’s Nash- origin, disability, marital status, veteran status, or any FSGBank is an equal opportunity employer and does ville office has opportunities for degreed individuals other occupationally irrelevant criteria. Qualified in- not discriminate on the basis of race, color, gender, reli- with at least 5 years’ experience in loan review for dividuals please submit resumes to [email protected]. gion, age, sexual orientation, national or ethnic origin, banks. Candidates with regulatory and/or commer- disability, marital status, veteran status, or any other cial and commercial real estate lending and credit occupationally irrelevant criteria. Qualified individuals administration experience will also be considered. please submit resumes to [email protected]. Candidates must be able to work in a team-focused

Tennessee banks and associate members may list positions free-of-charge as a benefit of their membership in the Tennessee Bankers Association. Those interested in placing an ad or replying to position openings (refer to position number) should direct their inquiries to: Penny Powlas - [email protected], Tennessee Bankers Association, 211 Athens Way, Ste 100, Nashville, TN 37228-1381 • 1-800-964-5525 or 615-244-4871

36 THE TENNESSEE BANKER | OCTOBER 2014 environment, maintain superior client relations, have offer expert processing support to move the file through the process and answer questions during the lending excellent verbal and written communication skills, underwriting and closing. This community bank is a process. Also represents the bank in the community and be willing to travel. Compensation commen- great place to work! Send resumes to [email protected]. through attendance and participation in community surate with experience and credentials. Company events. Ideal candidate will possess a minimum of 5 has excellent benefits including 401(k) and cafeteria 1408-4 COMPLIANCE ANALYST III years’ lending experience as a commercial lender with plans. All individuals should submit resume (e-mail Franklin American Mortgage Company is looking for a preference towards candidates with formal training. preferred) to: Professional Bank Services, Inc, 216 a professional, experienced individual to join our com- A bachelor’s degree in business or finance preferred or Centerview Dr, Suite 225, Brentwood, TN 37027 pliance department in Franklin, TN. The compliance equivalent banking experience. Qualified candidates [email protected]. analyst’s overall objective is to effectively coordinate and please submit resumes to [email protected]. Community assist in the implementation of the corporate compliance First Bank & Trust is an Equal Employment Opportu- 1408-9 LOAN PROCESSOR program as directed by the compliance manager and/ nity/Affirmative Action Employer. Middle Tennessee community bank seeks experienced or other compliance department management. The loan processor for loan operations department to position helps ensure that the company and employees 1408-1 MORTGAGE LOAN ORIGINATOR process loan documents and credit information in operate within the applicable rules, regulations, and Community First Bank & Trust of Columbia, TN, is accordance with established bank guidelines and pol- requirements of the appropriate state and/or federal seeking a qualified mortgage loan originator to develop icies. Essential duties and responsibilities include, but regulatory agencies as well as established FAMC pol- business in the Maury, Williamson, and Hickman county are not limited to, preparing all documents needed icies and procedures. Duties include: manage special area. Ideal candidate must have experience in convention- to close a loan and perfecting the bank’s security in- compliance department projects related to regulatory al, FHA, and VA loans. Originator will be responsible for terest using the information supplied by loan officer; issues and concerns; provide support and assist in the all aspects of the loan process from application to closing reviewing all documentation ensuring compliance training to line employees within all divisions and/or of loan with support of highly qualified processors. A with legal, regulatory agency, and bank policy re- departments of FAMC as related to compliance projects minimum of 3 years’ lending experience as a mortgage quirements; resolving any issues before processing the and/or tools; lead the general compliance department originator in a financial institution preferred. Must have loan documents, ensuring all title issues are met and with regards to the coordination of monitoring and excellent communication skills, the ability to work both that the loan is properly recorded; assisting in loan tracking industry compliance updates, creation of independently or as a member of a team, and a thorough closings; and continuing to participate in regulatory compliance related–communication, and execute various knowledge of all laws and regulations related to mort- compliance seminars to ensure that the bank remains applicable compliance department project implementa- gage lending. Qualified candidates please submit their in compliance with regulations. Essential duties and tions; oversee completion of the HMDA LAR; provide resume to [email protected]. Community First Bank & responsibilities also include processing payments, support for fair lending reviews; provide second–level Trust is an Equal Employment Opportunity/Affirmative draws, loan fundings, construction draws, and wires. systemic support to line employees within all divisions Action Employer. Candidates must possess a working knowledge of and/or departments of FAMC as related to HMDA, fair SBA policies, procedures, and regulations. Knowl- lending, and other consumer protection related regu- 1407-9 SENIOR OPERATIONS OFFICER edge, skill, and ability required for the job include lations, and make suggestions for improvements; lead Reporting to the EVP, chief operations & technology proficiency in Microsoft Word and Excel; excellent the consumer protection compliance department with officer, the senior operations officer will provide stra- writing skills; general knowledge and understanding regards to the coordination of monitoring and tracking tegic leadership in all major areas of bank operations of loan terms and structure; and demonstrated ability industry compliance updates, creation of compliance– including lending and deposit operations, risk/fraud to interact constructively and effectively with all related communication, and execute various applicable management, client service and vendor management. constituencies. Candidate will possess demonstrated consumer protection compliance department project Must possess a high level of energy and initiative and skill in establishing work priorities, organizing work, implementations; build and execute periodic detailed will function as a collaborative partner and value-add- and meeting deadlines. Prior experience as a loan risk assessments and guide and assist peers as needed; ed business contributor to the senior management processor is required. Interested applicants may execute all post–implementation validation processes team. This position has direct oversight responsibil- submit resumes and salary requirements to employ- including documentation of exceptions, communication ities of the deposit & loan operations departments. [email protected]. We are an Equal Employment of findings to the compliance department, and recom- Essential duties and responsibilities include, but are Opportunity employer. mending corrective action. Other duties as assigned. not limited to, the following: serves as primary liaison Requires high school graduate / college degree pre- between internal business partners and operational 1408-8 COMPLIANCE SPECIALIST ferred—work experience can substitute for college; 5+ units for enterprise operational support related to First Community Bank of East Tennessee, Rogersville, years’ recent compliance–related experience—mortgage products and services for all lines of business; build and is seeking a compliance specialist. Position is respon- compliance preferred—or 5+ years’ recent audit–related cultivate partnerships with colleagues in operations, sible for deposit and new account compliance of the experience—mortgage compliance audit preferred. sales, and service to create efficiencies, effectiveness, bank; actively supports the bank’s security officer Requires excellent computer skills using Microsoft and to ensure the correct level of control is in place and bank secrecy act officer with regard to deposits to support the business; mmanagement of core bank- and serves as a back-up for anti-money laundering software packages. Excellent communication skills— ing system (Horizon) for relationship management, activity oversight; monitors bank deposit and new Office programs and various mortgage industry related deposit and loan applications, and other ancillary account processes and customer activity according products and services; responsible for managing and to established bank policies and regulatory require- both verbal and written and ability to communicate up, overseeing new releases/upgrades to core processing ments; accountable for deposit compliance including, down, and across all areas both internally and externally. system; oversees vendor management program and but not limited to JHA Yellow Hammer software Must be able to function independently, take direction serves as chairperson of management–level vendor monitoring, oversight of bank automated overdraft self-starter.as needed, and salary guide commensurate peers that are with not experience. direct reports. we management committee; responsible for development, payment system, monitoring of excessive money Must be well–organized, detail–oriented, efficient, and a implementation, administration, and operation of a market withdrawal activity, CIP documentation, ver- wide variety of new business and system processes and ification of hold notices, review of insufficient funds offer comprehensive benefits including medical, dental, strategies, which include multiple functions, product listing of customer accounts, branch staff compliance vision, prescription plan, disability plans, life insurance, lines, technology platforms, and business activities. training, and other monthly AML and BSA related supplemental insurance, employee assistance program,- The senior operations officer must have a proven track reviews. Must possess a high degree of initiative, bi-weekly pay, 401(k) with company match, professional record of consistent performance and achievement strong communication skills, excellent organizational work environment and dress code, on–site workout fa in operational disciplines with emphasis on deposit skills. Detail–orientation is required. Applicant should cilities, excellent technology support, and solid companyhttp:// and loan operations to include: front-line experience have a high school diploma, plus 3 to 5 years of work franklinamerican.prevueaps.com/jobs/8053-10152.html.growth—opportunities for advancement. Interested and with retail and commercial product offerings; strong experience in bank compliance or new accounts. Equalified do not candidatesaccept unsolicited should use resumes this link from to apply: third-party competency in systems implementation/optimization; Apply via e-mail to [email protected] or mail to: recruiters/agencies. dealing with bank regulators and internal/external FCB Human Resources, PO Box 820, Rogersville, TN auditors; strong project–management skills with ability 37857. Please identity the position for which you are 1408-3 VARIOUS CAREER OPPORTUNITIES to prioritize initiatives efficiently and effectively; experi- applying. AA/EEO employer. Trustmark National Bank is one of the South’s premier ence in process improvement and achieving operational financial institutions with over 207 banking centers in efficiencies; knowledge of banking regulations; strong 1408-5 MORTGAGE LOAN ORIGINATORS Tennessee, Mississippi, Florida, Alabama, and Texas. technology skills with ability to design and develop Peoples State Bank of Commerce headquartered in Please visit us at www.trustmark.com/jobs to search our operational reports to be used in making management Nolensville, TN, has openings for mortgage loan orig- career opportunities and apply online. Equal Opportu- decisions. The senior operations officer also must have inators to serve Williamson and surrounding counties. nity/Affirmative Action Employer M/F/D/V experience in leading successful teams and demonstrate The bank operates a correspondent mortgage opera- a strong client focus with superior communication tion offering conventional, jumbo, FHA, VA, and rural 1408-2 COMMERCIAL LOAN OFFICERS and negotiation skills. Requires bachelor’s degree or development loans. The people applying for this po- Community First Bank & Trust of Columbia, TN, is seek- equivalent from a four-year college, a minimum of 10 sition should be aggressive, knowledgeable mortgage ing experienced commercial loan officers in Williamson years’ progressive experience in banking operations professionals who are comfortable interacting with and Maury County. This position extends commercial, along with extensive experience in retail banking. realtors and borrowers alike. For an originator who small business, and small business administration loans. knows how to provide a complete initial file, we will Responsibilities include working with clients to explain continued on next page

OCTOBER 2014 | THE TENNESSEE BANKER 37 On the Horizon Actions of Bank Regulatory Agencies

FEDERAL RESERVE SYSTEM IberiaBank, Lafayette, LA, application to group to acquire 11.02 percent of Prior change-in-control notice filed by establish a branch at 2504 Poplar Avenue, Germantown Capital Corporation, James Lee Clayton and BF3, LP, both of Memphis, TN (approved 8/28/14). Inc, Germantown, TN. The Lowrey Knoxville, TN, to collectively control ServiceMaster Acceptance Company, LP, family control group consists of Jeffrey more than 10 percent of the outstanding Memphis, TN, termination of registration Harris Lowrey, MD, Millennium Trust shares of MidCountry Financial Corp, under Regulation U (approved 9/2/14). Company, LLC, custodian for Jeffrey Macon, GA, and its subsidiary, Mid- Lowrey, MD SEP IRA, both of Eads, Country Bank, Marion, IL (received). Notice by the Lowrey family control TN; Jennifer Lauren Watson, Louisville, KY; John Allen Lowrey, James Richard Lowrey, and Nancy Kemp Lowrey, all of Fairborn, OH (received).

OFFICE OF THE COMPTROLLER OF SOUTHEAST BANK THE CURRENCY HOSTS ANNUAL TBA TAILGATE Bank of America, NA, Charlotte, NC, application to close Ashland Branch, Brought to you by the Young Bankers Division 735 South Main Street, Ashland City, TN 37015 (received 8/22/14).

US Bank, NA, Cincinnati, OH, applica- tion to establish West Morristown Food City Branch, 2310 Sandstone Drive, Morristown, TN 37814 (received 8/11/14; approved 9/10/14). ■

The YB Division and SouthEast Bank invite Employment Tennessee bankers to join them for Opportunities a tailgate at the Tennessee vs Alabama game on October 25. Game time TBA. continued Experience working in a high–tech, innovation–driven organization is highly desirable. Must have the ability Come join us for food and drinks! to “lead” and “do,” providing leadership, direction, The tailgate will begin 3-4 hours prior to kick off and support to the team as well as personally produce work. FSGBank is an equal opportunity employer and in the Circle Park Drive grassy area behind does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, national or ethnic the torch bearer. Look for a black SouthEast origin, disability, marital status, veteran status, or any other occupationally irrelevant criteria. Qualified Bank tent with TBA & SouthEast Bank signs. candidates should send resumes to [email protected].

Please RSVP by Monday, October 20 1407-8 PUBLIC ACCOUNTANTS AND MANAGEMENT CONSULTANTS to Stacey Langford – [email protected] Pershing Yoakley & Associates, PC (PYA) seeks qual- ified candidates to join our growing team of public accountants and management consultants. For more than 30 years, our more than 200 professionals have SecondMarket, Inc, a NYC-based broker-dealer specializing in worked with clients in a variety of industries including fixed income securities and digital currencies, will also be there. some of the nation’s largest healthcare organizations. This is an attractive opportunity in a fast–growing, multi–faceted firm. PYA recruits talented profes- sionals with an entrepreneurial spirit and challenges them to excel in a dynamic culture that fosters both productivity and a balance between professional and personal goals. The successful individual will serve as a SPECIAL THANKS cohesive team member who consistently demonstrates high integrity and reliability within a professional TO OUR SPONSOR environment. To apply for any of our open positions, please visit www.pyapc.com/careers. ■

38 THE TENNESSEE BANKER | OCTOBER 2014 Professional Development Calendar

October 30 November 13 2014 Workshop for Loan Assistants 2014-2015 Senior Compliance and Loan Processors Officer Forums – Session 1 of 4 Nashville October 16-17 TBA Barrett Training Center, Nashville Trust & Wealth Management October 31 November 14 Conference IT/Operations Officer Forums NEW Commercial Real Estate TBA Barrett Training Center, Nashville Construction Lending – Session 3 of 3 TBA Gilliam Board Room, Nashville October 20, 21, 22, 23 - Evening TBA Barrett Training Center, Nashville EVENING New Accounts in November 17, 18, 19, 20 November 5 NEW Tennessee Understanding Recent Flood Branch Management Series Jackson, Nashville, Kingsport, Insurance Changes – Session 4 of 4 Knoxville Jackson, Nashville, Knoxville, Kingsport TBA Gilliam Board Room, Nashville November 19 & 20 October 22, 23, 24 November 6 Bank Directors Retreat CFO/Controller Forums 2014-2015 Senior Human Hermitage Hotel, Nashville – Session 3 of 3 Resources Forums – Session 1 of 3 TBA Gilliam Board Room, Nashville December 2 TBA Gilliam Board Room, Nashville NEW Credit Risk Management Role October 28, 29 in Enterprise Risk Management November 6 Personal and Business Financial Memphis 2014-2015 Retail Banking Officer Statement & Tax Return Analysis Forums – Session 1 of 3 December 2, 3, 4 Knoxville, Nashville TBA Barrett Training Center, Nashville IRA Update and Review Knoxville, Nashville, Jackson October 30 & 31 November 6 & 7 Independent Bankers Division December 16 Bank Security and Risk Convention WEBINAR NEW Cyber Fraud and Management Conference DoubleTree by Hilton, Nashville Security Nashville Airport Marriott, Nashville Online Only

January 21 February 5 & 6 2015 2014-2015 Risk Management Credit Conference Officer Forums Omni Hotel, Nashville – Session 2 of 3 January 6, 7, 8 TBA Barrett Training Center, Nashville February 10, 11, 12 CEO Forums – Session 1 of 3 CFO/Controller Forums – TBA Gilliam Board Room, Nashville January 22 Session 1 of 3 Mastering HMDA TBA Gilliam Board Room, Nashville January 13 TBA Barrett Training Center, Nashville NOTE: Retail Sales & Bank Marketing While this calendar represents current programs for 2014 and 2015 Conference January 27 & 28, 28 & 29 scheduled by TBA at print time, occasionally TBA Barrett Training Center, Nashville Fundamentals of Compliance other “hot topics” are added to the calendar Knoxville, Nashville throughout the year. We encourage you to January 14, 15, 16 look at the monthly calendar in The Tennessee 2014-2015 Senior Lender February 4 Banker magazine and visit www.TNBankers. Forums – Session 2 of 3 Legislative Reception org for the most current information about TBA Gilliam Board Room, Nashville War Memorial Auditorium, Nashville TBA events and programs.

OCTOBER 2014 | THE TENNESSEE BANKER 39 First National Bankers Bank PROVIDING A SAFE, NON-COMPETITIVE ENVIRONMENT FOR COMMUNITY BANKS FOR MORE THAN 30 YEARS

For more than 30 years, community banks have found FNBB to be a non-competitive ally that they can rely on year after year. First National Bankers Bank has been a consistent, trusted partner providing correspondent banking services to our shareholders and customers. With service beyond comparison, we have proudly supported the banks we serve and will continue to help them achieve their goals well into the future.

SERVICES INCLUDE

Cash Management Services Bond Accounting Loan Review Image Exchange Network Safekeeping Compliance Audit Services Fed Funds Broker Dealer / 401K Services Internal Audits International Services Bank Owned Life Insurance IS Audits Investment Sales Loan Participations Insurance Products and Services Asset Liability Management Holding Company Loans

800.318.6272 www.bankers-bank.com