January 26, 2015 www.bankersdigest.com Volume 146, No. 4 Poole Named President at FNBT, Broken Standridge Named BBT Arrow, OK; Graham Adds CEO to Title President, North Texas Gregory S. Graham, board chairman His father, the late Scott L. Graham, Brant Standridge has taken over as of The First National Bank & Trust had served in that role since 1966. president of the North Texas region for Co. of Broken Arrow, Gregory Graham is also BB&T based in OK, has assumed the chairman of the family- Winston-Sa- added responsibility of owned First National lem, NC. In the chief executive officer, Bank of Coweta, OK. North Texas while Mark A. Poole Poole joined First region BB&T has been elected presi- National Bank of Bro- is the 20th dent of the financial in- ken Arrow as senior ex- largest bank stitution and will con- ecutive vice president by deposits at tinue to serve as chief and chief operating of- $1.18 billion, operating officer. ficer in February 2014. according to Both the CEO and He has more than 25 the Dallas Busi- president positions years of commercial ness Journal. were previously held by banking experience, in- Standridge His first year John L. Herndon who cluding service as presi- will include in- Poole retired in December dent and chief credit of- tegrating the 24 Dallas-area branches 2014. ficer of Summit Bank in Tulsa and as that the bank acquired among a total Graham was elected chairman of president of Stillwater National Bank purchase of 41 Texas branches from the bank in December 2012 and has 16 & Trust Co. and First Fidelity Bank in Citigroup in 2014. years’ bank management experience. Tulsa Q Standridge said when the Citigroup acquisition is coverted in March of this year, BB&T will have 58 locations in Tennyson Joins Arvest as Harrison President metropolitan Dallas and will be 12th Arvest Bank has hired Scott Tennyson and market manager for Regions Bank in market share in Texas. Standridge as the new Harrison, AR, market presi- in Harrison. said BB&T intends to hire bankers in dent. Tom Dame, As a Harrison native, Tennyson has Dallas as well as to bring them in from president of Arvest spent many years being very involved other markets. BB&T wants to be “in North Central Ar- in the community. He is a past presi- the top five in market share in every kansas, made the dent of the Harrison Chamber of Com- area we serve,” he said. announcement. merce, past chairman of the board of A University of Georgia graduate Tennyson has trustees for North Arkansas College, with a degree in finance, Standridge 32 years of banking and past president of the Harrison Ro- has worked with BB&T since 1998, experience across tary Club. serving as regional president in Balti- multiple industry Tennyson graduated from Harding more, Chesapeake, and most recently northern Georgia before moving to Tennyson divisions, includ- University with a bachelor’s degree ing marketing and in business administration. He also Dallas Q mortgage along with retail, private and graduated from the Graduate School of commercial banking. He also has ex- Community Bank Management at The In This Issue... tensive education in the industry. University of Texas as well as America’s Previously, Tennyson served as se- Community Banks Commercial Lend- Federal Reserve Banks’ 2014 nior vice president for private banking ing School and Residential Lending Remittances Up 24% at Bancorpsouth in Springfield, MO. School. He also attended the BAI Grad- Feature..............................................3 Prior to that, he was the city president uate School of Retail Banking Q Published weekly on Mondays except fifth Mondays P E O P L E TEXAS Jennings Retires After 27-Year Career at McHard Tapped EVP, IBC Bank in Brownsville and San Antonio Bank of Ozarks Houston IBC Bank Senior Vice President Diana worked in nearly every department. Sam E. McHard has joined Bank of Jennings concluded her career with She began her career as a teller at the Ozarks in Houston as executive retirement at the IBC Bank-Brownsville and quickly ad- vice president. end of 2014. A vanced to head teller. Soon after, she He has more than banking veteran, moved to San Antonio and into an ad- 25 years of com- Jennings served ministrative assistant role for the mar- prehensive real in the industry ket’s president. As the San Antonio estate finance ex- for more than 30 market expanded, she took on a super- perience, includ- years, the last 27 visory role in the lending department. ing commercial with IBC Bank. Her After the departure of a key employ- loan origination, final position was ee, Jennings led and managed IBC’s in- equity placement, Jennings in corporate train- ternational relations group and soon McHard development, and ing. became the department’s supervisor. the management “Diana Jennings has been an invalu- Simultaneously, she was assigned of acquistions for private and institu- able member of the IBC Bank fam- to manage San Antonio’s marketing tional owners. ily,” IBC Bank’s Chairman/CEO Den- department as well as supervise 10 He most recently served over three nis Nixon said. “Her leadership skills stand-alone retail branches. Further, years in the Houston office of Q10 and ability to adapt to new challenges when IBC decided to reestablish a Kinghorn, Driver, Hough & Co. Prior across departments at the bank was presence in local grocery stores, she to that position, he served more than instrumental to its continued growth assisted with that expansion, manag- eight years at Amegy Bank and Amegy and success. We wish her nothing but ing relationships and opening more Mortgage in Houston at the SVP level. the best in this next chapter of her than 60 in-store locations throughout Prior to his Amegy service, he was di- life.” TX. rector of the capital markets unit at During her decades at IBC, Jennings When Jennings joined the IBC fam- Cohen Financial. ily, the Brownsville bank had assets of His background also includes serv- about $35 million and the lead bank in ing on the boards for American Risk NOW AVAILABLE Laredo over $500 million. Today, IBC Insurance Company and for Weslayan Print Online eBook Bank Brownsville reports assets in ex- Bank, N. A., Houston, which was ac- cess of $1 billion and the lead bank in quired by BBVA Compass. He holds Laredo in excess of $10 billion. Both a BA degree in economics from West- banks are subsidiaries of Internation- minster College Q al Bancshares Corporation, a $12.1 billion multi-bank financial holding ® company headquartered in Laredo, BANKERS DIGEST Established 1942 whose stock is publicly-traded on the A Weekly Bank News Magazine NASDAQ Q (USPS 041180) Published weekly on Monday except fifth Mondays at 9516 Bill Browne Lane, Dallas, Texas 75243 Change a name or address for Copyright 2015 Bankers Digest® your Bankers Digest Print or BONNIE JAMISON BLACKMAN, Publisher/Editor R. GILBERT BLACKMAN JR., Managing Editor Online/Digital Subscription P. O. BOX 743006 [email protected] Dallas, Texas 75374-3006 Phone 214/221-4544 Fax 214/221-4546 Fax 214/221-4546 E-mail: [email protected] website: www.bankersdigest.com In This Issue... One year subscription rate: For the online version, go to Print $39.00, Online $26.00; Both $50.00. 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Box 743006, Dallas, Classified.......................................10 Texas 75374--3006 Page 2 BANKERS DIGEST January 26, 2015 F E A T U R E FEDERAL RESERVE tiring currency; $590 million for Board capital paid-in. of Governors expenditures; and $563 The following list shows the amount Federal Reserve Banks’ 2014 million to fund the operations of the of Federal Reserve Banks’ residual Remittances to Consumer Financial Protection Bu- earnings distributed to the U.S. Trea- U.S. Treasury up 24% reau (CFPB). The Reserve Banks re- sury from 2009 through 2013: www.federalreserve.gov corded foreign currency translation losses of $2.9 billion that result from • 2013: $79.6 billion The Fed- the daily revaluation of foreign cur- • 2012: $88.4 billion BD eral Reserve rency denominated asset holdings at • 2011: $75.4 billion Banks had a current exchange rates. • 2010: $79.3 billion good earn- In 2014, statutory dividends totaled • 2009: $47.3 billion ings year in $1.7 billion and $1.1 billion of net in- FEATURE 2014, accord- come was used to equate surplus to (continued on Page 7) ing to a news release dated January 9. The Banks remitted to the U.S. Treasury $98.7 bil- lion (estimated), up 24% from 2013. Final numbers will be available in the audited Federal Reserve Banks’ Com- bined Statement of Condition for 2014. The preliminary unaudited results indicate that the Reserve Banks pro- vided for payments of approximately $98.7 billion of their estimated 2014 net income to the U.S. Treasury. Un- der the Board’s policy, the residual earnings of each Federal Reserve Bank are distributed to the U.S.