First American Bank, Artesia, NM, has announced the recent promotions of

Zane Berg-man to execu-tive vice presi-dent and chief credit officer; Brett Mills to executive vice president and chief financial officer; and Vicky Town-ley to execu-tive vice presi-

dent and chief administrative officer. Chairman/CEO and President Greg Marrs made the announcement.

Bergman has served in the banking industry for over 25 years. He started his banking career at Sunwest Bank in Ro-swell holding the positions of assistant vice presi-

dent/loan officer and vice president/senior lender. In 1998, he joined First American as a vice president/commer-cial lender and was promoted in 2002 to Hobbs Market President/managing officer. He served in this capacity until 2013 when he became regional presi-dent/east division and then in 2014 regional president. In January 2015, he joined the corporate executive team. He is active in many community and business organizations in Hobbs, NM. He graduated from New Mexico State

PlainsCapital Bank, Dallas, TX, has named Brent Raindl president of the

Dallas mar-ket for the $8.6 billion-asset bank. In his new role, Raindl will re-port to Dallas Region Chair-man George M c C l e s k e y and work with him in support of strategic

initiatives for the Dallas market. He joined PlainsCapital Bank (then PNB Financial, based in Lubbock) in 1998. He has served as senior vice president of the bank and president of PlainsCapital Bank Preston Center since 2007 and will continue to over-see and serve at the 8200 Douglas Ave., Ste. 100, location. Raindl serves on the boards of direc-tors for NAIOP (the Commercial Real Estate Development Association) and for Junior Achievement of Dallas Inc.. He graduated magna cum laude with a BBA degree in finance from Texas Tech University and earned a MS degree in management and finance from The University of Texas at Dallas Q

Volume 147, No. 19November 16, 2015 www.bankersdigest.com

Bergman, Mills, and Townley Are EVPs, First American Bank, Artesia, New Mexico

University and holds certificates from Western States School of Banking and the SW Graduate School of Banking at SMU. Mills has over 28 years of banking experience. He joined First Ameri-can in 2010 as senior vice president/chief financial officer. He is an original member of the corporate executive team. He manages the bank’s invest-ment portfolio, oversees the account-ing, mortgage, and compliance de-partments, and serves on many bank committees. Mills previously worked as CFO and COO at Pilot Bank in Tampa, FL. His past experience includes positions at Western Bank of Alamogordo and Las C ruces ,NM. He graduated from New Mexico State U n i v e r s i t y , BAI Gradu-ate School of Banking, and Western States School of Banking. Townley be-gan her bank-ing career in 1976 in TX. Over the years she has worked in several different de-partments. She joined First American in 2000, was promoted to board sec-retary for the bank and corporate sec-retary for the holding company, First Artesia Bancshares Inc., in 2003, and was promoted to senior vice presi-dent/chief administration officer in 2008. She is an original member of the corporate executive team. She gradu-ated from Western States School of Banking in 2009 Q

Raindl Is Promoted, PlainsCapital Dallas

Raindl

Comptroller Curry Highlights Increasing Credit RiskFeature..............................................3

In This Issue...

Published weekly on Mondays except fifth Mondays

Bergman

Mills Townley

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Page 2 BANKERS DIGEST November 16, 2015

Commercial State Bank Chairman/CEO and President John E. Grist have reported

that SVP Jesse Men-doza Sr. has been named Andrews bank manager. Prior to his new position, Mendoza served as chief operating officer in the bank’s Mid-land banking loca-tion. He takes to his new position

with Commercial State Andrews more than 37 years of banking experience in West TX. Before joining Commercial State Bank in Midland, he served with a Seminole bank for 15 years Q

Scott Wade, CEO of AimBank, Little-field, announced that “AimBank has

been approved for the opening of a de novo branch in Abilene, Texas which will be lo-cated at 3409 S. 14th Street, a great develop-ment in Abilene. We are very excit-ed to be entering the Abilene mar-

ket which is known all over West Texas as a progressive, business friendly and family oriented community.” Wade announced two new officer appointments, Gary Galbraith as the Abilene market president and David Green as Abilene market commercial lending manager. Galbraith began his banking career in Abilene and has over 33 years of

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Galbraith

Galbraith and Green to Lead AimBank’s De Novo Branch in Abilene

Mendoza

In This Issue...Comptroller Curry Highlights Increasing Credit Risk Feature..............................................3

Newswatch...................................7-8

Charter Activity..............................9

Classified.......................................10

serving customers in the community. He most recently served as president of the the West TX area for Prosperity Bank and earlier as regional president for the bank. Prior to joining Pros-perity Bank, he was president of the Abilene division and a member of the board of directors for American State Bank, Lubbock, which was acquired by Prosperity Bank in 2012. The Abilene native is a graduate of Texas Tech Uni-versity. Green is a 32-year banking vet-eran, including the last 22 years in the Abilene market. He most recently served as banking center president for Prosperity Bank at 402 Cypress St. in Abilene. He is a West TX native and a graduate of Abilene Christian Univer-sity. Both Galbraith and Green are ac-tive volunteers serving in several civic organization in the community. AimBank-Abilene will provide full –service banking products and servic-es. The banking center opened in early November. AimBank was originally chartered on September 19, 1925, as the First National Bank of Littlefield. In 2003, the bank was converted to a state-chartered bank, and ownership is nowvested in AimBank employees and lo-cal investors. AimBank has continu-ally grown and expanded its presence into several markets over the years, including Littlefield, Levelland, Lub-bock, Midland, Miami, Odessa, Pam-pa, Plains, Shamrock, Snyder, and Wolfforth with over $800 million in assets. AimBank’s banking locations are combined with an ATM network with more than 600 Stripes Convenience Store locations in TX, NM, and OK QFor the online version, go to

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Today (Novem-ber 2, 2015), I’d like to focus on a category of risk that was muted in 2012, but is rising in im-portance since then: credit risk. One of the best measures

of the industry’s condition is asset quality, and on that score, there’s good news. Even bank supervisors like me, who are professional skeptics, have trouble finding fault in the num-bers we’ve been seeing. In the fourth quarter of 2014, asset quality in OCC-supervised banks nearly matched the levels achieved when the economy peaked in the fourth quarter of 2006, right before the start of the financial crisis. But the satisfactory condition of the banking system today raises an important question: where do we go from here? What will it take to ensure that banks remain solvent, stable, and secure in their role in the payments and credit system? The new rules and regulatory structures that went into effect after the financial crisis were de-signed to prevent future meltdowns. But things needn’t get to that point if we make the right decisions today, particularly in addressing the rise in credit risk we are seeing throughout the banking system. Some might wonder how it’s pos-sible that a bank with very few credit quality problems could trigger credit risk concerns at the same time. The answer, of course, is that many asset quality metrics are lagging indicators of performance and reflective of the soundness of decisions made when loans were originated. It can be read-ily appreciated that the credit qual-ity of loans issued when banks were

F E A T U R E

Excerpts from remarks byThomas J. Curry

Comptroller of the CurrencyRMA Annual Risk Management Conference

Boston, Massachusetts

C R E D I T R I S K Comptroller Curry Highlights

Increasing Credit Risk

(continued on Page 9)

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Bankers DigestTIB 1/3 pg adApril 2015

Curry

more cautious about who they were lending to would be of higher quality than loans issued in times of greater optimism. Credit risk is showing up in two of its classic forms: relaxed credit under-writing and increased loan concen-trations. Of course, it’s possible for lenders with growing concentrations and easing underwriting standards to do well for quite a while during an extended period of economic growth. But there comes a point when these trends cannot be sustained, and even-tually a day of reckoning arrives. Since 2012, OCC examiners have been reporting on the relaxation of underwriting standards in the banks they supervise. This is taking many forms. Margins are thinner, protective covenants are weaker or non-existent, and loan maturities are longer. In ad-dition, banks are increasing their par-ticipation in riskier products, such asleveraged lending. The pattern I’m de-scribing is common during the later stages of the economic cycle, which happens to be where we are today. But it also signals a rise in credit risk that

bank risk officers must be aware of. Banks always face a risk that rising interest rates or deterioration in one or more sectors of the economy could impair loan performance even in well-managed portfolios. The energy in-dustry is an example. Challenges in the energy sector speak more generally to the risk as-sociated with loan concentrations. While some banks have concentra-tions of energy-related loans, others have increasing concentrations in commercial real estate, construction, multifamily housing, and loans to non-depository financial institutions. At present, these concentrations flash yellow lights rather than red ones, and, as I’ve noted, credit quality has not suffered significantly as a result. Our job as supervisors is to ensure that things stay that way. What I would hope to see happen is for banks to take the initiative to ad-dress concentration risk on their own, without supervisory action. That’s why we have provided tools, such as the

Page 4 BANKERS DIGEST November 16, 2015

RepublicBankAz, Phoenix, announced that Amy Lou Blunt has been named

executive vice president and chief credit officer. This announce-ment was made by Ralph Tapscott, president/CEO of RepublicBankAz. As chief credit officer, Blunt is responsible for all

lending activity, including developing the banking team, policy formation, loan origination, loan servicing, com-pliance, asset quality, and loan pro-duction. In addition, she is a member of the bank’s executive management team. “On behalf of executive manage-ment and the board of directors, we are indeed fortunate to have someone of Amy’s experience, knowledge and ambition to manage the bank’s loan growth,” CEO Tapscott said. “Her years of banking experience provides the bank with the leadership to grow in a safe and sound manner. In addition to her leadership skills and credit experi-ence, she thoroughly understands the Phoenix metropolitan market and its industries with over thirty years work-ing in the Valley of the Sun.” Prior to joining RepublicBankAZ, Blunt was executive vice president, chief credit officer for First Scottsdale Bank, Scottdale, which was acquired in September 2015 by Heartland Fi-nancial USA Inc. and merged into Heartland’s subsidiary, Arizona Bank & Trust, Phoenix. Blunt earlier held similar positions with West Valley National Bank and Arrowhead Community Bank. She holds a BS degree in accounting from Arizona State University. Her com-munity involvement includes Habi-tat for Humanity, New Life Domestic Violence Shelter, Chrysalis Shelter, Arizona Humane Society, and Arizona Blankets for Kids Q

Amegy Bank, N. A., Houston, Com-mercial Lending Manager Nick Diaz

has recently trans-ferred from Hous-ton to Amegy’s Dallas offices. In his new role, Diaz will be leading commercial mid-dle market lend-ing efforts in the Dallas/Fort Worth Metroplex, said

Amegy Bank Dallas President/CEO Kirk Wiginton. Diaz has 11 years of banking experi-ence. He joined Amegy Bank’s credit training program in 2004 and has grown his career in Amegy’s commer-cial lending division. He has extensive experience in middle market commer-cial banking, credit, and working with family businesses. Diaz received a BBA degree in busi-ness from Southwestern University in Georgetown. Amegy Bank is a leading Texas bank with nearly $14 billion in assets, about 2,000 employees, and more than 80 locations across Houston, Dallas, and San Antonio Q

P E O P L E TEXAS

BluntDiaz

Sers Joins Rio Bank as VP, Lending Officer in McAllen

Diaz to Lead Amegy Dallas Middle Market

REQUEST FOR PROPOSALSThe City of Kennedale is seeking applications from eli-gible and qualified financial institutions to serve as the depository bank to the city acting for itself and on behalf of the Kennedale Economic Development Corporation to provide banking services as described in the depository application. Submittals must be received no later than 10:00 a.m., December 4, 2015, at: Kennedale City Hall, Attn: Leslie Galloway, City Secretary, 405 Municipal Drive, Kennedale, TX 76060. Contract award will be held December 14, 2015, at 7:00 p.m., during the City Council meeting at Kennedale City Hall. For application packet contact the City Secretary’s Office at 817-985-2104 or visit www.cityofkennedale.com/bids.

ARIZONA

Rio Bank, McAllen, President/CEO Ford Sasser has reported the hiring of Timothy Sers as vice president and lending officer. Sers, a native of Brownwood, joins Rio Bank after serving two years as a trust officer for a community bank in the Austin area. Prior to banking, he worked for a small general practice law firm in Fredericksburg. Sers graduated from TCU with a BBA degree in business management and received a law degree from St. Mary’s University School of Law. He has been a licensed attorney since 2004. After practicing law in McAllen, he was commissioned as an officer in the US Army and served in a number of roles as Judge Advocate in the US and Afghanistan. Sasser also announced in the No-vember 2015 “Rio News” the bank’s corporate headquarters at 1655 N. 23 St. will relocate to a 5.1 acre campus at the NEC corner of McColl Rd. and Expressway 83. The bank has pur-chased the land and hopes to begin construction of the new headquarters building by the summer of 2016. Rio Bank, established in 1985, re-ports total assets of $265 million Q

Blunt Named EVP/CCO,RepublicBankAz

November 16, 2015 BANKERS DIGEST Page 5

Evolve Bank & Trust, Memphis, TN, has named Thomas Ball president of its newly formed equipment fi-nance division. This new division offers equipment loans and leas-es for commer-cial applications to businesses throughout the US, said Presi-dent/CEO Scott Stafford. Thomas joins with more than 30 years of experience in the finance in-dustry, including equipment financing as well as significant experience in the banking and mortgage industry. He goes to Evolve from Equify Advisory Services, LLC, an independent finan-cial services firm offering equipment finance and related services to middle-market companies throughout the US. Evolve currently operates an LPO and four full-service branches in AR and TN with 35 mortgage production offices across the country. In addition, Evolve is a nationwide Preferred SBA Lender and also offers trust and fidu-ciary services Q

Arvest Bank of Fayetteville has named Phillip Partain Saline County (Bry-ant) community president. A Benton na-tive and 20-year banker, Partain previously served as vice presi-dent of commer-cial lending for Simmons First National Bank of Pine Bluff and earlier served with pre-decessor bank, Metropolitan Nation-al Bank of Little Rock for 19 years Q

Southern Bancorp Bank of Arkadel-phia has reported three recent ex-ecutive appoint-ments. Bruce Timmons has joined as mar-ket president in Eudora. Timmons is a Hamburg native with 42 years of banking experi-ence. He formerly served as EVP/CFO for Delta Trust & Bank, where he served for 20 years. He is a graduate of the University of Arkansas at Monticello and the SW Graduate School of Banking at SMU. Stoney Fortenberry has joined in Helena as a com-mercial loan of-ficer. He is a Mc-Gehee native with 17 years of com-mercial and agri-cultural lending experience. He previously served with Merchants & Planters Bank, Newport, for 14 years and earlier with Newport Fed-eral Savings Bank. Brian Coston has joined in Mal-vern as executive vice president and commercial loan officer at the 208 Ash St. location. A Malvern native, Coston is serving his fifth term as a justice of the peace on the Hot Spring County Quorum Court and his third term on the Malvern School Board. He has served in the Arkansas Army Na-tional Guard, retiring as a major. He earned a BS degree from Henderson State University. Prior to his bank-ing service, he served 15 years in the wood products industry Q

P E O P L E

Arvest Taps Partain Saline County President

Timmons, Fortenberry, Coston Join Southern

Burton and McNeil NamedSimmons Operations Mgrs

ARKANSAS

Timmons BallPartain

Coston

Fortenberry

Simmons First National Bank has re-ported Kelley Burton will serve as vice president of project management in Searcy. She began her banking ca-reer in 1991 and has been with Sim-mons since 1998, working in loan ad-ministration and branch operations. Geoffrey McNeil will serve as a vice president and business analyst man-ager in Pine Bluff. The veteran banker most recently worked as vice presi-dent of operations for Community Bancshares, Texarkana Q

Evolve Hires Ball to Lead Equipment Division

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Page 6 BANKERS DIGEST November 16, 2015

Arvest Bank-Oklahoma City has an-nounced that Don Gable has been pro-

moted to execu-tive vice president and commercial division manager for the north Okla-homa City and Ed-mond markets. Gable has more than 30 years of banking experi-ence. Prior to his

promotion, he served as Arvest’s Stillwa-ter community bank president. A resident of Edmond, Gable is ac-tive in civic and community affairs, currently serving on the advisory board for the Edmond Chamber of Commerce. He also previously served as the Stillwater Chamber of Com-merce government affairs chairman and on the chamber's board of direc-tors. He has also served on the boards for Big Brothers, Big Sisters and the Saville Center. Gable earned a BBA degree from Oklahoma State University Q

Citizens Bank of Edmond has hired Jason Bell to serve as vice president

of commercial lending, accord-ing to President/CEO Jill Castilla. Prior to join-ing Citizens Bank of Edmond, Bell served as vice president of com-mercial lending and business

development officer for First United Bank’s branch in Shawnee. He has also served as vice president and Choctaw market manager at FNB Community Bank based in Midwest City, where he served more than 11 years. Earlier in his career, he served as banking center manager for Mid-First Bank in Midwest City. His 20 years of banking and finance experi-ence brings a depth of expertise and knowledge in business development, commercial lending, and managing customer relationships. Bell holds a BA degree in journal-ism and mass communications from University of Oklahoma Q

Bank SNB, Stillwater, has recently an-nounced the addition of Jeff Jones as

senior vice presi-dent and senior commercial bank-er. In this role, Jones will devel-op commercial relationships and aid Bank SNB’s growth in the re-cently acquired Denver area from

Lone Tree. Jones brings more than 20 years of banking experience. He has served the majority of his career as a relationship manager for other local, regional, and national banks, including U.S. Bank. Jones received a bachelor’s degree from the University of Nevada – Las Vegas. He has served his community in many capacities, including prior involvement with the Denver Metro Commercial Association of Realtors or DMCAR and on the Denver Metro Chamber Small Business board Q

P E O P L E

IBC Bank-Oklahoma has promoted Richard Walford to banking officer in Oklahoma City. He is the lead underwriter for the Oklahoma City commercial bank-ing team. He joined IBC in the credit training program where he served be-fore his promotion. He is a graduate of the University of Central Oklahoma. Walford serves his community as an advisory board member for The Foundation for Oklahoma City Public Schools Q

Bell Jones

Walford Upped to Banking Officer, IBC Bank-Oklahoma

OKLAHOMABank SNB Taps Jones Senior VP in Denver

Gable Upped to EVP, Arvest Commercial Mgr

Bell Joins Citizens Edmond, Vice President and CLO

Gable

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November 16, 2015 BANKERS DIGEST Page 7

N E W S W A T C H TEXAS

Green Bancorp Completes Patriot Houston Acquisition

Independent Bank Group Closes Buy of Grand Bank

Incommons Bank in Mexia Signs Deal for Two Branches

Green Bancorp Inc., the bank hold-ing company for Green Bank, N. A., both based in Houston, announced recently the completion of the merger of Patriot Bancshares Inc., Houston, with and into Green Bancorp and the merger of Patriot Bank with into Green Bank, all effective October 1. Patriot Bank operated six locations in Houston, two in the Dallas market, and one in Honey Grove in Fannin County. As of June 30, 2015, Patriot reported total assets of $1.4 billion, total loans of $1.0 billion, and total deposits of $1.1 billion. Green Bancorp’s acquisition of Pa-triot Bancshares is its largest acquisi-tion to date and the sixth for the $3.6 billion-asset banking company, said Geoff Greenwade, president/CEO of Green Bank. Don Ellis, chairman/CEO of Patriot Bancshares, will serve the combined entity as vice chairman Q

Independent Bank Group Inc., the holding company for Independent Bank, both of McKinney, announced on November 2 the completion of the acquisition of Grand Bank, Dallas, and the merger of Grand Bank into Inde-pendent Bank. Grand Bank, as of June 30, 2015, reported total assets of $609 million and total deposits of $507 million. The bank operated two full-service offices in the Dallas market. Under the terms of the acquisition agreement, Independent Bank Group issued 1.3 million shares of its com-mon stock and paid $24.1 million in cash for all of the outstanding shares of Grand Bank. Independent Bank operates 42 banking offices in three markets lo-cated in the Dallas/Fort Worth, Austin, and Houston areas. As of September 30, 2015, the bank reported total as-sets of $4.5 billion Q

On November 3, Allegiance Bank, a wholly-owned subsidiary of Allegiance Bancshares Inc., both of Houston, en-tered into an definitive purchase and assumption agreement providing for the sale of two banking lcoations to Incommons Bank, N. A., Mexia, ac-cording to a form 8-K filing. Under the terms of the agreement, Incommons will acquire certain assets and assume certain liabilities associ-ated with the Mart banking center at 714 Texas Ave. in Mart and the Rose-bud banking center at 339 Main St. in Rosebud. The transaction is subject to regu-latory approval and customary closing conditions, and is expected to close during the first quarter of 2016. Incommons Bank, founded in 1882, operates four locations: Mexia corpo-rate, Coolidge, Fairfield, and Waco. The Mart and Rosebud locations are east and south of Waco, respectively Q

November 16, 2015 BANKERS DIGEST Page 14

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N E W S W A T C HLOUISIANA COMMUNITY BANKING

First Guaranty Bancshares, Hammond, Plans Up to $10.6 Million Initial Public Offering

ICBA Supports Vote of Pro-Community Bank Amendments

First Guaranty Bancshares, a Ham-mond-based community banking company with 21 branches and $1.5 billion in assets, plans to raise up to $10.6 million from an initial public offering of up to 690,000 shares of its common stock, according to a SEC fil-ing dated November 9, 2015. First Guaranty earlier planned to raise $15.75 million by offering 750,000 shares at a price of $21. The company had previously filed to offer 713,044 shares when its price on the OTC Pink (symbol: FGBI) was $19.15. First Guaranty is expected to raise 15% more in proceeds than previously anticipated. This information was re-ported by Renaissance Capital (web site: www.renaissancecapital.com), Octo-ber 26, 2015. First Guaranty Bancshares, booked $52 million in revenue for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol FGBI. Sandler O’Neill is the sole book-runner on the deal. As of November 3, 2015, there were approximately 1,400 holders of record of First Guaranty common stock. First Guaranty Bancshares reported in the SEC filing the following use of

proceeds: “We intend to use the net proceeds of the offering to support the growth in the bank’s loan portfo-lio, including the possibility of making larger loans due to our increased le-gal lending limit, to finance potential strategic acquisitions and for other general corporate purposes. We have no current plans, arrangements or un-derstandings relating to any specific acquisition or similar transaction. We also may use a portion of the proceeds of the offering to redeem a portion of the 39,435 shares of the Senior Non-Cumulative Perpetual Preferred Stock, Series C (“Series C Preferred Stock”) that we issued to the U.S Treasury as part of our participation in the SBLF program by December 31, 2015, sub-ject to regulatory approval.” First Guaranty Bancshares is the holding company for First Guaranty Bank, Hammond, which was founded in 1934. The bank operates banking centers in south and north LA. First Guaranty Bancshares is the second LA-based banking company to go public with its common stock in past 18 months. Baton Rouge-based Investar Holding (ISTR), completed its $46 million IPO in July 2014 Q

The Independent Community Bank-ers of America® (ICBA) on November 5 announced its strong support for two US House-passed amendments to highway funding legislation. The amendments provide much-needed regulatory relief to promote local eco-nomic growth and maintain current dividend rates paid on Federal Re-serve Bank stock. “The ICBA-advocated amendments to the House highway bill advance bi-partisan regulatory relief already ap-proved by the House and remove a backdoor tax hike on community bank members of the Federal Reserve,” ICBA President/CEO Camden R. Fine said. “ICBA and community bankers nationwide call on the House and Senate to include these amendments in the final highway-funding measure they send to the president.” An amendment offered by Reps. Randy Neugebauer (R-TX) and Bill Huizenga (R-MI) removes a proposed 75% cut to dividends paid on Federal Reserve Bank stock that would have tangible and dramatic consequences for local economies. This funding pro-posal, which would force local com-munity banks to pay for federal high-ways, would recklessly alter a 100-year system to tap a one-time source of funding for the nation’s transportation infrastructure, Fine said. A separate amendment offered by House Financial Services Chairman Jeb Hensarling (R-TX) includes several provisions from ICBA’s Plan for Pros-perity that have already passed the House on a broad bipartisan basis. These provisions would eliminate re-dundant privacy notice requirements, expand the 18-month exam cycle, and allow thrift holding companies to take advantage of new Securities and Exchange Commission registration thresholds, common-sense measures that address community bank over-regulation and benefit local custom-ers and communities. The US Senate has already passed its own highway funding bill. Now, the two bills must be reconciled before the legislation can be signed into law Q

November 16, 2015 BANKERS DIGEST Page 9

R E G U L A T O R S

ArkansasBRANCHES The ARKANSAS STATE BANK DE-PARTMENT has approved an applica-

tion by Arvest Bank, Fayetteville, for a

branch at the NWC of Elm Springs Rd.

and 48th St., Springdale, and filed for

505 Northview Rd., Nixa, MO.

The ARSBD has approved an ap-

plication by First Western Bank, Boon-

eville, for a branch at 1106 S. Walton

Blvd., Bentonville.

MERGERS AND ACQUISITIONS The ARSBD has issued a certificate

of merger for Centennial Bank, Con-

way, involving the merger with Bay

Cities Bank, Tampa.

The ARSBD has approved an appli-

cation by The Farmers and Merchants

Bank, Stuttgart, for the merger with

The Bank of Fayetteville, Fayetteville,

and issued a preliminary approval for

the merger of The Farmers and Mer-

chants Bankshares Inc., Stuttgart,

with Bankshares of Fayetteville Inc.,

Fayetteville.

The ARSBD has issued a prelimi-

nary approval for the application by

Smith Stock Ownership Trust, Guy

Richard “Buck” Smith as co-trustee,

Hot Springs, involving the acquisition

of Smith Associated Banking Corpora-

tion, Hot Springs.

The FEDERAL RESERVE BANK OF ST. LOUIS has received an appli-

cation by First National Bancorp Inc.,

Green Forest, to acquire 100% of the

voting shares of Twin Lakes Commu-

nity Bank, Flippin.

The FRB OF ST. LOUIS has re-

ceived an application by Citizens

Bancshares of Batesville Inc., Bates-

ville, to acquire 100% of Parkway Bank,

Rogers. Also The Citizens Bank, Bates-

ville, to merge with Parkway Bank,

Rogers, and to retain the acquired fa-

cilities as branch offices.

TexasBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has ap-

proved an application by BTH Bank,

N. A., Quitman, for a branch at 1500

US Hwy. 79 S., Henderson, and re-

ceived an application for 6925 Preston

Rd., Dallas.

MERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF DALLAS has received an application

by Normangee Bancshares Inc., Nor-

mangee, to become a bank holding

company by acquiring 100% of Nor-

mangee State Bank, Normangee.

The FRB OF DALLAS has received

an application by Wellington State

Bank, Wellington, to acquire by merger

Security State Bank, Littlefield, and to

establish three branches: 501 Phelps

Ave., Littlefield; 7801 Quaker Ave.,

Lubbock; and 816 Main St., Olton.

The TEXAS DEPARTMENT OF SAV-INGS AND MORTGAGE LENDING

has received an application by Pio-

neer Bank, SSB, Dripping Springs, the

wholly-owned subsidiary of Pioneer

Bancshares Inc., for prior approval for

First Community Bank, N. A., Sugar

Land, to merge with and into Pioneer

Bank, SSB, Dripping Springs Q

C h a r t e r

a c t i v i t y

interagency guidance that we issued in December 2006. It describes key elements for managing the concen-tration risk posed by concentrations in CRE and other assets. Relevant guidance on related issues like stress testing to identify and quantify risk in loan portfolios and creating effec-tive capital planning processes is also available. Finally, I would suggest that risk managers at every bank should be tak-ing a hard look at the loan loss allow-ance; asking if it’s appropriate for the level of risk their institution is taking on. We’ve been through a long period in which banks have been steadily reducing reserves. Just over the last two years, the key ratio of the loan loss allowance to total loans dipped by more than 40 percent.We’re seeing loan growth in all asset categories, greater risk acceptance, weaker under-writing, and growing asset concentra-tions. It’s crucial that these and other concentrations are soundly managed, supported by adequate capital, and properly reserved for. It’s clear to me that these reserves need to rise to ac-count for the increasing credit risk we are seeing in the system. But how much of an increase is nec-essary? We do expect banks to bring

F E A T U R E

(continued on Page 12)

CREDIT RISK (continued from Page 3)

November 16, 2015 BANKERS DIGEST Page 10

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qualitative judgment to bear upon that analysis, using the so-called “Q” factors to adjust historical experi-ence. In our 2006 policy statement on the loan loss allowance, the bank-ing agencies identified nine separate qualitative factors that can be used to adjust historical experience to current reality. If the analysis isn’t supported by appropriate documentation, you are

likely to get some pushback from your external auditors. But if you simply apply historical analysis without tak-ing account of the very real changes we are seeing today, you will almost certainly get some pushback from your examiners. At the end of the day, what we would expect, at minimum, is directional consistency: when credit risk rises, so should the allowance. So let me conclude by answering the question I raised at the outset. We can ensure a safe and sound bank-

ing system and avoid crises if we take sensible and toughminded steps now to address the emerging risks I’ve dis-cussed today. The future, as they say, is in our hands. To read the Comptroller’s full re-marks, visit: www. http://www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-147.html Q

FEATURE (continued from Page 9)