Bankers Di-March 29, 2004
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March 29, 2004 VolumeB 124ANKERS A Weekly News Magazine Devoted to SouthwestD BankI News- Number 13 ICBA Elects Leighty Chairman, Taps New Officers, of Colorado School of Banking. In addition, the ICBA announced the Names Fine to Succeed Guenther as Pres/CEO retirement of Kenneth Guenther after 25 successful years as president and Oaks, NC. t its annual convention, the board CEO of the association and the selec- The current ICBA chairman, C.R. Aof directors of the Independent tion of Cam Fine as his successor. Fine (Rusty) Cloutier, presi- Community Bankers of previously served as president/CEO of dent/CEO, MidSouth America elected a new Midwest Independent Bank in Jefferson Bank, N.A., Lafayette, LA, slate of officers to serve City, MO, which he was instrumental in became the ICBA’s imme- in 2004-2005. The new founding in 1985. He earlier served in diate past chairman. ICBA officers elected the administration of former Missouri The two elected Direc- during the trade associa- Governor Kit Bond. tion’s 2004 National Con- tor-at-Large positions are (continued More than on Page 3,000 6) attendees represent- vention and Techworld in William Russell Caroth- San Diego are: Chairman ers II, chairman/presi- - Dale L. Leighty, chair- dent/CEO, Citizens Bank Teche Holding, St. Landry man/president/CEO, of Winfield, AL; and W. Financial to Merge Banks First National Bank of Everett Crawford, chair- eche Holding Co. and St. Landry Las Animas, CO; Chair- man/CEO, First National TFinancial Corp. have agreed to man-Elect -David E. Bank of Artesia, NM. merge their respective banking op- Hayes, president/CEO, Each serves on ICBA’s erations in a $10.1 million cash deal Security Bank, Dyersburg, TN; Vice- executive committee, the 11-member valued at 1.23x St. Landry’s diluted BV Chairman - Terry J. Jorde, presi- body that implements board of direc- at December 31, 2003. dent/CEO, CountryBank USA, Cando, tors’ policies. Franklin, Louisiana-based Teche ND; Secretary - George G. Andrews, Leighty is the chairman/president/ Holding is the parent company for $566 president/CEO, Capitol City Bank & CEO of the First National Bank of Las million-asset Teche Federal Savings Trust Co., Atlanta, GA; and Treasurer Animas, CO. He earned a BS degree in Bank. St. Landry Financial is the par- - Ayden R. Lee Jr., president/CEO, economics from Kansas State University ent company for $70 million-asset First Four Oaks Bank and Trust Co., Four and also graduated from the University Federal Savings and Loan Association of Opelousas. Colonial Bank – Texas Rowe Joins Arvest After the merger, Teche Holding will operated 19 branches in eight LA Taps Twiss SR Lender Bank As EVP, Central parishes Ark Q avid Twiss has been named senior hett B. Rowe has joined Arvest In This Issue... Dvice president, senior lender RBank in Little Rock, AR, as execu- for Colonial Bank – Texas. Twiss is a tive vice president, chief lending officer. New Privacy Rule for Health 20-year veteran of the Texas banking. He has over 15 years of commecial Care: HIPPA Privacy Rule He will direct lending operations for banking, financial services experience. Feature.......................................3 Colonial Bank statewide. Twiss most Prior to going to Central Arkansas, Charter Update.......................12 recently served as branch president Rowe was EVP/senior lending officer for for Colonial’s Walnut Hill-Dallas and Texas State Bank, McAllen, TX. He is a Classified.................................13 Mesquite offices. graduate of the University of Michigan Twiss joined Colonial predecessor with a BA degree in economics and When you have read this copy, First Mercantile Bank in 1998 from Fi- holds an MBA degree in finance from please pass along. delity Bank, Dallas, where he was vice the University of Detroit. president for new business develop- Arvest has 33 locations in Central AR ment. He started his banking career in and total assets of $740 million. Arvest 1981 with Republic Bank Dallas as a Bank Group, Fayetteville, operates bank- commercial loan officer, after graduat- ing offices in AR, OK, and MOQ P E O P L E T E X A S Frost Bank Ups Falk to National Bank, Gatesville, First State Bank of Burnet in 1991 as SVP, Appoints Two, Austin Promotes Yancy, Chumley a loan secretary, gaining promotions P E O P L E to loan officer and then assistant vice rost Bank Austin Region President ational Bank, Gatesville, an- president. FBob Huthnance has announced Nnounced the recent promotions She earned a bachelors degree in the promotion of of Eledith Falk to of Sally Yancy to city president of the agri-business from Tarleton State senior vice presi- Lampasas branch and Gary Chumley University. dent, professional to vice president and commercial loan Chumley has 14 years of banking & executive lend- officer in the Gatesville branch. experience and 10 years with Bariod ing, Downtown Yancy began her tenure with the Lam- Petroleum Services in West Texas and Austin Financial pasas branch of National Bank in April Eastern New Mexico. He earned a BS Center. Falk, an 18- 1998. She is a 15-year banker, starting degree in agri-business from Tarleton year banker, earned as a teller for Citizens State Bank of State University and currently is attend- a BBA degree in Lometa and working her way up to ing the Southwestern Graduate School finance from UT- assistant cashier. She then moved to of Banking at SMU Q Austin. The bank has also promoted Laura Cobo to vice president, retirement services, at the Downtown Financial Center. She is a 28-year banker. Nellie Arana, a 15 year banker, was promoted to assistant vice president, manager of the North Austin Financial SENTRY Center Q Woodforest National Bank Taps Shaw EVP in Conroe oodforest National Bank, Hous- Wton, has announced that Kenny Shaw has joined the bank as executive vice president. He will manage the bank’s newest location in Crosby at 14045 FM 2100, suite 300 Q BANKERS DIGEST® Established 1942 A Weekly Bank News Magazine (USPS 041180) Published every Monday at Dallas, Texas Copyright© 2004 Bankers Digest® BONNIE JAMISON BLACKMAN, Publisher/Editor R. GILBERT BLACKMAN, Managing Editor 9550 Forest Lane, Suite 125 Dallas, Texas 75243-5928 Phone 214/221-4544 Fax 214/221-4546 E-mail: [email protected] website: www.bankersdigest.com Subscription rate: One year $29.00, single copy $1.00. Opinions expressed by columnists and writers of bylined articles are not necessarily those of Bankers Digest®. Editorial guidelines may be obtained upon request. Articles and photos BD COUPON may be submitted to above address or sent via e-mail. Periodical postage paid at Dallas, Texas. POST- MASTER: Send address changes to Bankers Digest, 9550 Forest Lane, Suite 125, Dallas, Texas 75243-5928. Page BANKERS DIGEST March 9, 004 F E A T U R E H I P A A The HIPAA Privacy Rule creates and unfunded, should use the total amount paid for healthcare claims by New Privacy Rule for national standards to protect individu- als’ medical records and other personal the employer, plan sponsor, or benefit Health Care Affects Employers health information and gives patients fund on behalf of the plan during the by Bob McComas, more control over their health infor- plan’s last full fiscal year. Plans that banking industry mation. It sets limits on the use and provide health benefits through a mix of human resources advisor release of health records. It sets out purchased insurance and self-insurance Flower Mound, Texas safeguards that providers and health should combine the two measures to plans must implement to protect the determine their total annual receipts. T h e n e w privacy of health information. Self-insured plans that have stop- HIPAA Priva- As applied to employers, the Pri- loss insurance do not count the cost cy Rule that vacy Rule provides that, in general, a of the stop-loss coverage as premiums becomes ef- covered entity which includes employ- for health insurance benefits when cal- fective April ers as health care plan sponsors, may culating total receipts. The $5 million 14, 2004, for not use or disclose an individual’s threshold appears to apply separately health plans healthcare information without permis- to each group health plan that an em- with less than $5 million in “annual sion except for treatment, payment, or ployer sponsors. Another approach for receipts” is the first comprehensive healthcare operations. non-ERISA plans would be to examine federal protection for the privacy of Determining ‘Annual Receipts’ how the plan is disclosed to partici- health information. The Department of Health plans that do not report re- pants. Plans that are explained as sepa- Health and Human Services (HHS) has ceipts to the Internal Revenue Service rate entities and not part of a combined stated that the Privacy Rule, as modi- (IRS) on IRS Form 5500, should use package are more likely to be a separate fied, is carefully balanced to provide proxy measures to determine their plan for the small plan test. strong privacy protections that do not annual receipts. Fully insured health Basic Requirements interfere with patient access to, or the plans should use the amount of total Employers covered by the new quality of, healthcare delivery. This also premiums paid for health insurance Privacy Rule must train all members covers how employers handle employee benefits during the plan’s last full fiscal of its workforce so that they have an health information. year. Self-insured plans, both funded (continued on Page 6) FINANCIAL DESIGN March 9, 004 BANKERS DIGEST Page P E O P L E T E X A S InterCon Bank, San Antonio, Frost Bank Appoints Bar- Comerica Names Officers Promotes Galvin to VP rera and Hamilton In Houston and Dallas nterCon Bank San Antonio, an- ccording to Raymond Jenkins, omerica Bank-Texas has an- Inounced the promotion of Billie J.