Craig Livingston was recently named chief lending officer at American Gateway Bank in Baton Rouge, LA. He previously served as senior vice president and lending officer in the commercial loan department. Livingston, who has 14 years of commercial lending experience, will now manage the loan department staff. He was named vice president and bank officer in American Gate-way’s commercial banking depart-ment in 2006 and earlier served as a vice president of commercial real es-tate with Regions Bank. American Gateway Bank operates 10 locations in the four parish area of East Baton Rouge, West Baton Rouge, Ascension, and Livingston. The bank reports an 11th location is scheduled to open in Zachary later in 2009 Q

Jack Stuteville, chairman/CEO of First Capital Bank in Guthrie, OK was in-stalled as chairman of the Community Bankers Associa-tion of Oklahoma (CBAO) at its an-nual convention in Oklahoma City. The convention celebrated “Main Street Leadership for 35 Years.” Stuteville served as vice chairman of CBAO for 2008-2009, treasurer for 2007-2008, and has been an active board member for several years. The graduate of Oklahoma State Uni-versity began his banking career in 1972 when he joined Peoples National Bank, Kingfisher, as an agricultural represen-tative. He was later promoted to presi-dent. He was part of an investor group that purchased First Capital Bank (pre-viously First State Bank and Trust) and now owns controlling interest.

Volume 135, No. 16 October 19, 2009

In This Issue...

FDIC Creates LLC to Hold AssetsFeature...........................................3

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

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

Please route this issue:

www.bankersdigest.com

Stuteville

Community Bankers Association of Oklahoma Elects Stuteville Chairman for 2009-2010

Monroe Promoted to Chairman/CEO, McNeil to President, Meridian Bank of Texas, Fort Worth

Livingston Promoted, American Gateway Bank

CBAO members also elected to serve the following officers: vice chair-man, Jack Dickey Jr., vice president of Southwest National Bank, Weatherford; treasurer, Guy Sims, president/CEO, Shamrock Bank, Coalgate; immediate past chairman, A. B. Bayouth Jr., presi-dent/CEO of Exchange Bank, Skiatook; and secretary, Craig Buford, president/CEO of CBAO, Oklahoma City. New directors elected to serve in-clude Terri Mefford, CFO and Ca-shier, Great Plains National Bank, Elk City; Larry Spradley, president/CEO Community State Bank, Poteau; and Keith Ventris, president/CEO, Okla-homa State Bank, Guthrie. Directors re-elected for another term include Jesse Cross, president/CEO, American National Bank, Ardmore; Mike Stidham, president/CEO, The Peoples National Bank, Checotah; Randy Smith, president/CEO, Ad-vantage Bank, Spencer; and Don Ab-ernathy, president/CEO, The Bankers Bank, Oklahoma City Q

Livingston

Meridian Bank of Texas, Fort Worth, has announced the promotion of

Glenn Monroe to chairman/CEO and Bruce McNeil to president/COO. Monroe’s 25 year banking career has included service with MBank and the Pohlad family-owned First State

Bank of Texas until it sold to Wells Fargo. He then served as Denton Co. president of Wells Fargo from 2002 to

Monroe McNeil

2004. He again joins the Pohlad fam-ily to provide leadership for Meridian

Bank. McNeil’s 36 year banking ca-reer has included service with First National Bank of Fort Worth, Arling-ton State Bank, Texas Commerce Bank, and most re-

cently TexasBank where he served as regional president and Fort worth co-market manager Q

Page 2 BANKERS DIGEST October 19, 2009

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p e o p l e TeXAS

Southwest Bank’s CEO Bryant Honored as Fort Worth’s Business Executive of the Year

Gregersen Appointed SVP, Texas Capital Bank

Nalley Upped to SVP, Cunningham Tapped

Vernon Bryant, president and CEO of Southwest Bank, Fort Worth, has been recognized as Fort Worth’s 40th busi-ness executive of the year. He will be honored at the Business Hall of Fame dinner on October 27. Bryant, a veteran Fort Worth banker, began his banking career at Citizens State Bank in Dal-hart in 1982. He established First Tex-as BHC in October 2006 after a two-month retirement from Compass Bank which had acquired his longtime em-ployer Texas Bank, Fort Worth, earlier in 2006. He served as president/CEO

Regions Bank has promoted J. Lane Nalley to senior vice president and credit process manager for the Metro TX region. He is based in Houston at the 5005 Woodway location. Nalley serves as president of the Gulf Coast chapter and a director of the Texas chapter of RMA. The bank has also hired Renee Cunningham as a vice president of private banking for the Houston mar-ket. The Texas Tech University gradu-ate previously served as a relation-ship manager at Wachovia Bank in the Houston market Q

Bryant

of Texas Bank from 1989 to its acquisi-tion by Compass. According to an article in the Fort Worth Business Press in September 2007, Bryant raised in excess of $93 million from 350 investors to capitalize First Texas BHC. Bryant first acquired Community Bank of Texas, N.A., Grand Prairie, in 2007 and later in July acquired South-west Bank, Fort Worth. The combina-tion of the two banks resulted in ap-proximately $425 milliion in assets. Today, Southwest Bank is the largest locally-owned independent commer-cial bank in Tarrant County. Bryant, a CPA, holds a BBA degree in accounting from TCU. He is a graduate of SWGSB at SMU. He is a former chair-man of the Texas Finance Commission and a former chairman of the Fort Worth Chamber of Commerce. He has also served on the board of directors of the Texas Bankers Association Q

Martin Gregersen has been ap-pointed senior vice president by Texas Capital Bank, N.A., Dallas, in the pri-vate bank in Houston. He previously served as a senior private banker at Wells Fargo Bank Q

October 19, 2009 BANKERS DIGEST Page 3

F e A T U R e

Source:Press Release

Federal Deposit Insurance Corp.www.fdic.gov

(continued on Page 12)

FDIC’S NEW BAD BANKFDIC Creates LLC to Hold

Assets of Failed Corus Bank, N.A.,

Chicago, IL

BD

FEATURE

The Federal Deposit In-surance Cor-p o r a t i o n (FDIC) an-nounced on October 6

that it had signed a bid confirmation letter to sell a 40% equity interest in a limited liability company (LLC) whose purpose is to hold assets of Corus Bank, N.A., Chicago, IL. The purchaser was a consortium of real estate pro-fessionals managed by Starwood Capital Group, experts in the world of distressed real estate since 1991. What makes this situation noteworthy

is that it was the first time the FDIC has decided to partner with real ex-perts in distressed real estate in order to achieve the greatest return for its receivership of failed banks’ assets. Most bankers who were around dur-ing the period of distressed real estate in the late 1980s and early 1990s will remember that Congress established the Resolution Trust Corporation (RTC) in 1989 to be its “bad bank” re-sponsible for the management and sale of real estate owned (REO) trans-ferred from failed banks and savings & loans. The FDIC’s new “bad bank” approach includes one of the players (Starwood) who cut its teeth during the last real estate collapse. In the case of Corus Bank, the LLC will hold the construction loans and REO assets formerly owned by Corus Bank, according to the FDIC. The val-ue of the porfolio is set at $4.5 billion, which is the majority of the remaining assets of Corus Bank held in receiver-ship by the FDIC. The portfolio con-tains performing and non-performing construction loans and REO linked

to high-quality condos, multifamily housing, office properties, and land. The transaction is valued at $2.77 bil-lion, which equates to approximately 60% of the $4.5 billion. Under the terms of the deal with the consortium, the FDIC will own a 60% equity interest in Corus Construction Ventures LLC and will provide financ-ing at a 0% coupon for 50% of the pur-chase price to the LLC. The FDIC will also extend up to a $1 billion credit fa-cility for working capital purposes and to fund project completions. The ma-jority of the new equity capital ($554 million) will be provided by Starwood and global buyout group TPG Capi-tal, with private investment firm Perry Capital and joint venture WLR LeFrak contributing the remainder. According to Nick Timiraos, in an article in The Wall Street Journal, the in-vestors would have to repay any debt under the $1 billion credit facility, plus $1.38 billion in debt issued by the FDIC, before they can begin collecting on their investment.

Page � BANKERS DIGEST October 19, 2009

p e o p l e TeXAS

Blount Is VP and Ohls Officer, Whitney Bank in Houston

Retired Ranger S&L EVP Reba C. Rawls Dies at 93

Whitney National Bank in Houston has named Laura Blount a vice presi-dent in the wealth banking depart-ment. She previously served as a vice president at Washington Mutual Bank in Houston. The bank has also hired Mark Ohls as a banking officer in the mort-gage lending department. He previ-ously served as a senior loan officer for HMC-Home Mortgage Co. in the Houston market. He is a graduate of The University of Texas at Austin Mc-Combs School of Business Q

Retired First Federal Savings & Loan Association and later through a 1975 acquisition Olney Savings Associa-tion/AmWest Savings Association ex-ecutive vice president Reba C. Rawls died on September 24 in Weatherford. She was 93 years young. Rawls joined the West TX thrift in 1963 and rose to the position of execu-tive vice president and a member of the board of directors. She retired in the 1990s and moved to Weatherford Q

Choiniere Is Sales Manager,IronStone in North DallasMark Jones, IronStone Bank’s Dallas area executive, has reported the hir-ing of Sandra Choiniere to serve as financial sales manager of the Lake-side branch at 9667 N. Central Expy., Ste. 130, in Dallas. Choiniere has more than 33 years of banking experience in sales and ser-vice, including five years in Dallas. IronStone opened its second Dal-las area location on October 5 in the Lakeside Village shopping complex at the SWC of N. Central Expy. and Wal-nut Hill Ln. in North Dallas Q

Palmer Tapped SVP, ViewPoint in PlanoGary Base, president/CEO of ViewPoint Bank in Plano, has announce the ap-pointment of Dallas community bank-er Kelly Palmer as senior vice presi-dent and director of business banking which includes treasury sales. Palmer has 25 years of North Dallas banking experience. He was recently

a senior vice president at North Dal-las Bank & Trust serving eight years in lending at the Plano office. He is actively involved in civic organizations, in-cluding serving as 2009 chair-elect of the Plano Chamber of Commerce and as finance chair for the Plano ISD Foundation. Palmer holds an MBA degree from Stephen F. Austin State University and is a graduate of the Southwestern Graduate School of Banking at SMU Q

Palmer

October 19, 2009 BANKERS DIGEST Page 5

p e o p l e

MidFirst Bank Ups Three Center Managers to AVP

Montague Is SVP/Trust, The Private Bank of AZ

ARIZoNA

James Montague has joined The Pri-vate Bank of Scottsdale as a senior vice president and trust officer. Montague previously served for about 10 years with US Trust, a Bank of America wealth management com-pany Q

MISSISSIppICole Named CEO ofThe First, HattiesburgM. Ray “Hoppy” Cole has been named CEO of The First, a national banking association, and The First Bancshares Inc., both based in Hat-tiesburg. David E. Johnson, chairman of the board of The First, made the an-nouncement. Johnson formerly served as CEO and chairman. Cole is a founding director of the First National Bank of Pine Belt (the predecessor of the The First’s Lau-rel branch) and a director of The First Bancshares. He joined The First as president of the Picayune location in 2002, named president in 2006, and re-located to Hattiesburg in 2007. He began his banking career as a corporate banking officer at The First National Bank of Commerce, New Or-leans, LA. He later served with Sun-burst Bank in Laurel. Cole is a graduate of the University of Mississippi where he earned both bachelor’s and MBA degrees. He also attended the Stonier Graduate School of Banking at the University of Dela-ware Q

MidFirst Bank announced Chip Griffith as assistant vice president and banking center manager of its 760 W. Ray Road location in Gilbert, Tom Liddell as assistant vice presi-dent and banking center manager of the 4900 S. Gilbert Road location in Chandler, and Brian Zetting as assis-tant vice president and banking center manager of the 2849 S. Market Street location, also in Gilbert, AZ. Griffith and Liddell both joined the bank in February and they each have over five years banking experience. Zetting joined MidFirst in 2008 Q

Philbin Named Relationship Manager at Alerus Bank Seth Philbin has been hired as a re-lationship manager at Alerus Bank & Trust in Phoenix. He has 10 years of experience in the financial industry. His focus has been small business banking. He earned a political science de-gree from the University of Arizona Q

Northen Trust Bank Taps Wycklendt in ScottsdaleDominic Wycklendt has joined North-ern Trust Bank in Scottsdale as vice president and senior investment port-folio manager. He previously served as a senior investment consultant at Robert W. Baird & Co. Wycklendt serves on the boards of directors of Social Venture Partners-Arizona and Aid to Adoption of Spe-cial Kids. He holds an MBA degree in finance and accounting from the University of Chicago Q

www.bankersdigest.com

Page 6 BANKERS DIGEST October 19, 2009

p e o p l e

Fidelity Homestead Names Four Retail Bh Managers Fidelity Homestead Savings Bank, New Orleans, announced the addi-tion and promotion of bank managers in the New Orleans area. Nick Reg-gio is the new retail manager at the branch at 3511 General DeGaulle in Algiers. Jennifer Jaskierny is the new retail branch manager at 3829 Veter-ans Blvd. in Metairie. Jude Barbier, formerly a branch manager at the 5643 Corporate Blvd. location in Baton Rouge, has transi-tioned into a companywide position as data security officer. Reggio joins Fidelity after serving at various large financial institutions in-cluding JPMorgan Chase Bank, where he managed the Old Metairie loca-tion, and Wells Fargo, where he was a relationship manager in various parts of the U.S. Jaskierny has more than 13 years experience with lending and banking, joins Fidelity also from Chase where she served the last six years as a con-sumer relationship manager. Barbier has more than 25 years of banking experience, including 17 years at Fidelity and as the Baton Rouge branch manager since Decem-ber 2006. He will office at the Baton Rouge location. Fidelity also announced the addi-tion of a bank manager in Baton Rouge. Scott Bogan is the new retail branch manager for the Corporate Blvd. loca-tion. He replaces Jude Barbier. Bogan has more than 10 years of financial experience, most recently as a business banker for Chase Q

loUISIANA

Evans Joins Mortgage Team, Citizens National Bossier City Woody Schick, president/CEO of Citi-zens National Bank in Bossier City, has announced the addition of John Evans in the mortgage division. Evans has served for the past 12 years in mortgage lending. He has been active in the mortgage lending industry, serving as president of the Shreveport/Bossier Mortgage Lenders Association twice and on the board of directors for the State of Louisiana Mortgage Lenders Association Q

oKlAHoMAJackson Appointed Chase President in OK CityJPMogan Chase Bank has promoted David Jackson to president of Chase Bank in Oklahoma City, according to The Journal Record. He succeeds Jim Young who retired earlier in 2009. Jackson has 29 years of banking ex-perience at Chase, where he has spe-cialized in commercial banking in the Dallas/Fort Worth area. He also served

at Chase’s TX predecessor Texas Com-merce Bank, where he was chairman/CEO of the Arlington market. Chase operates 20 branches in metro Oklahoma City and 30 branches statewide. David Page serves as president of Chase in Tulsa Q

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October 19, 2009 BANKERS DIGEST Page �

N e W S W A T C H oKlAHoMAloUISIANA TeCHNoloGY

Community Trust and First Louisiana Complete MergerCommunity Trust Financial Corp. of Ruston and First Louisiana Banc-shares Inc., Shreveport, have complet-ed a previously announced merger. First Louisiana Bancshares, part of First Louisiana Bank, Shreveport, will continue to serve northwest LA as a subsidiary of Community Trust. The deal increases Community Trust’s regional banking network to more than $1.3 billion in assets and 22 full-service locations. First Louisi-ana will maintain its four branches in the Shreveport/Bossier City market. Ron C. Boudreaux, president of First Louisiana Bank, will continue to man-age the bank which was established in 1999. As of June 30, 2009, the bank re-ported total assets of $128 million and total deposits of $114 million. Community Trust has a pending merger with Madison Financial Corp. of Madison, MS, which was announced in September. Madison Financial op-erates $65-million asset Madison County Bank Q

BancFirst Corp to Acquire First Jones Bancorporation BancFirst Corp., Oklahoma City, has announced it plans to acquire First Jones Bancorporation and its subsid-iary bank, First State Bank in Jones. The cash transaction, which is subject to necessary approvals, is expected to close by yearend 2009. The bank will op-erate as a separate charter until its sys-tems convert to the BancFirst system during the second quarter of 2010. First State Bank, established in 1923, is located east of Oklahoma City in Oklahoma County. The bank reports approximately $40 million in assets, including $11 million in loans; $35 million in deposits; and $4.6 million in capital. Bill McCully, president of First State, is expected to continue to man-age the bank after the deal closes. BancFirst is the fourth-largest bank in OK based on deposits of $3.38 bil-lion and the largest state-chartered bank. It reports total assets over $4 billion and operates 88 locations in 44 communities Q

CSI Acquires Oklahoma City Technology Company MSI Computer Services Inc. (CSI), Paducah, KY, a technology company serving over 4,000 financial institutions, an-nounced October 1 it has acquired Myriad Systems Inc. (MSI), Oklahoma City, OK. MSI is a provider of print and mail, online document delivery, and item processing solutions to about 1,500 financial institutions across the nation. Terms of the deal were not dis-closed. Steven A. Powless, CSI president/CEO, said the acquisition of MSI “will strengthen our suite of products and services for financial institutions by adding an industry-leading platform for statement and document delivery.” Specifically, the deal will add MSI’s strong customer base of credit unions that should expand sales potential for CSI’s services, including network man-agement and regulatory compliance, Powless said. Shaun Riley, president of MSI, will continue to lead the MSI team follow-ing the acquisition Q

Page � BANKERS DIGEST October 19, 2009

N e W S W A T C HTeXAS

Happy State Bank Completes First National Canadian BuyJ. Pat Hickman, chairman/CEO of Happy State Bank & Trust Co., has announced that on October 2 Happy State Bank acquired First National Bank of Canadian, in the eastern TX Panhandle county of Hemphill. First National, established in 1892, has offices in Canadian, Higgins, and Canyon. Hickman reports that with this acquisition, Happy State moves into two new communities, Canadian and Higgins, and will increase its mar-ket share in Canyon. Happy State Bank now has total as-sets of $1.3 billion, only the second TX Panhandle bank to reach the $1 billion-asset milestone. The bank now has 22 offices in 14 area communities. With this acquisition, Happy State acquired $28 million in loans and as-sumed about $120 million in depos-its. The bank was chartered in 1908 in Happy and acquired by Hickman and investors in 1990 Q

Organizers Plan New Texas State Bank For Rio Grande Valley City of HarlingenA group of Rio Grande Valley busi-nessmen lead by Michael Scaief have filed applications with the Texas De-partment of Banking and the FDIC to open Texas State Bank at 2323 E. Tyler Ave. in Harlingen. According to an article in the Valley Morning Star newspaper, the organiz-ing group includes Scaief, Tudor Uhl-horn, William Elliff, Frank Russell, and Bobby Farris. Scaief, the lead organizer, is president of Investors Loan Services in San Benito. Uhlhorn and Farris served on the board of the old Texas State Bank, McAllen. Rus-sell was an examiner with the Texas Department of Banking, an officer at First Valley Bank, Raymondville, and is an accountant. Scaief told the newspaper, “None of us (organizers) will work at the (new) bank.” According to the article, organizers intend to raise between $18 million

and $22 million in capital, and have 200 to 300 shareholders for the new bank. Scaief said the group has been work-ing for two years to start a new bank or purchase an existing local bank. He said the decision to open a new community-based bank was spurred by the “massive consolidation” of banking in the region. “In the 1980s, there were 55 independent chartered banks (in the Valley),” he said. “Now there are 11.” The new bank will have no affiliation with the former Texas State Bank in McAllen which was acquired by BBVA in November 2006 and now operates under the BBVA Compass banner. Scaief said he did not know if the new bank could be named Texas State Bank, and he is consulting attorneys for their advice. He said at the time of the arti-cle, the organizers plan to open the new bank in the second quarter of 2010 Q

MPA

October 19, 2009 BANKERS DIGEST Page 9

C h a r t e r

a c t i v i t y

R e G U l A T o R S

ArizonaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has re-ceived an application by JPMorgan Chase Bank, N.A., Columbus, OH, for a branch at 2430 W. Happy Valley Rd., Phoenix. The OCC has received an application by UMB Bank, Arizona, N.A., Phoenix, to relocate its main office from 2231 E. Camelback Rd., Ste. 211, Phoenix, to 16220 N. Scottsdale Rd., Scottsdale.Louisiana

BRANCHES The OFFICE OF FINANCIAL IN-STITUTIONS has filed an application by Crescent Bank & Trust, New Or-leans, to relocate an office from 5415 Jackson St., Ste. 100, to 5208 Jackson St. Extension, Ste. C, Alexandria; ap-proved an application for a branch at 106 Park Place, Ste. 115, Covington. The OFI has approved an applica-tion by Progressive Bank, Winnsboro, for a branch at 8550 Fern Ave., Shreve-port. The OFI has filed an application by Citizens Bank & Trust Company of Vivian for a branch at 110 Hwy. One N., Oil City. The OFI has filed an application by Community Trust Bank, Choudrant, for an LPO at 171 Cobblestone Dr., Madison, MS.

MississippiBRANCHES The OCC has approved an applica-tion by Britton & Koontz Bank, N.A., Natchez, for a branch at 7415 Corpo-rate Blvd., Ste. 935, Bldg. H., Baton Rouge, LA.OklahomaBRANCHES The OCC has received an application by The First National Bank in Marlow for a branch at 228 W. Oak Main, Co-manche.TexasCHARTERS The OCC has received an applica-tion for an independent, full-service bank titled Beal Bank, N.A., 6000 Leg-acy Dr., Plano 75024. The TEXAS DEPARTMENT OF BANKING has withdrawn an applica-tion for Triumph Capital Bank, Rich-ardson, a shelf charter to faciliate fu-ture acquisitions. BRANCHES The OCC has received an applica-tion by Lubbock National Bank for a branch at 1198 William D. Fitch Pkwy., College Station. The OCC has approved an applica-tion by Commercial Bank of Texas, N. A., Nacogdoches, to relocate a branch from 1208 E. Bethany # 2 to 721 N. Central Expy., Allen. The OCC has received applications by JPMorgan Chase Bank, N.A., Co-lumbus, OH, for branches: 920 S. Jack-son Rd., McAllen, and 1001 N. Collins St., Arlington. The TXDB has approved an appli-cation by ValueBank Texas, Corpus Christi, for a branch at 9710 S. Mason Rd., Richmond. The TXDB has approved an ap-plication by AimBank, Littlefield, for a branch at 6506 19 St., Lubbock. The TXDB has approved applica-tions by Comerica Bank, Dallas, for branches: 1222 N. Bishop Ave., Dallas, and 1701 W. 35th St., Austin. The TXDB has received an applica-tion by State Bank of Texas, Irving, for a branch flip: from 605 W. Airport Fwy., Ir-ving, to 11950 Webb Chapel Rd., Dallas.MERGERS AND ACQUISITIONS The TXDB has received an appli-cation by Pilgrim Bank, Pittsburg, to merge Pilgrim Bank Texas, Clarendon, with and into Pilgrim Bank Q

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Banking experience with a B.A. in Finance, Accounting, or related field. Credit and underwriting experience required. Sales-oriented. Excellent communication and organizational skills and exceptional sales and cus-tomer service skills. Must be computer literate and require minimal super-vision. Competitive salary and excellent benefits including medical, dental, and life insurance, holiday and vacation pay, and 401k and profit sharing programs. Qualified applicants please email resume to:

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C l A S S I F I e D Community bank HQ in Houston, TX, over $500MM assets, seeking strong CEO/PRESIDENT with bigger bank experience to lead the bank to next stage. Please send resume to bankersdigest@bankersdigest.com, Subject Line S-4.

PRESIDENT/CEO: Snyder, TX. Seek-ing experienced, well seasoned leader with proven performance in bank management, lending, and operations. Our well capitalized $110MM community bank has been serving its agriculture, oil and gas, commercial, and consumer custom-ers for 60 years. Send resume to darryl@wtsb.com or fax to 325/573-1136. EOE.

Community bank in North Texas is seeking an EXPERIENCED LENDER. Applicant needs 5+ years experience in consumer lending with business development experience. Applicant should be community minded, cus-tomer friendly, and team oriented. Please respond to bankersdigest@bankersdigest.com, subject line Box S-1.

BRANCH PRESIDENT: Security State Bank, an 84-year old, $70mm+ well-capitalized community bank is

seeking a PRESIDENT/MANAGER for a new branch in Liberty, Texas. Candidate should possess excel-lent business development skills as well as management experience in retail operations. Ideal applicant would have experience in consum-er, light commercial and real estate lending. Salary is commensurate with experience. SSB offers excel-lent benefits. Qualified applicant should email a confidential resume to Gary P. VanDeventer, president at GaryV@SSB-TX.com or mail to P.O. Box 429, Anahuac, TX 77514. EOE.

AUSTIN COMMUNITY BANK with $80MM assets seeking strong CEO/PRESIDENT with minimum of 20 years banking experience. Must have CEO experience. Strong bank-ing, lending, strategic planning, and regulatory experience required. Send resume, references, and sal-ary requirements to dgordon@tex-ascountrybank.com or fax to (512) 261-0037.

COMMUNITY BANK LENDING EX-ECUTIVE needed in strong commu-nity bank located in upper Coastal Bend area. We are searching for a seasoned lender (10 plus years) with strong formal credit training

with management and business de-velopment skills obtained through a successful background in com-munity banking and a desire to be involved in the community we serve. A degree in finance or related areas is required and graduation from a leading banking school would be a plus. Based upon your qualifica-tions, an excellent compensation and benefit package is provided as well as assistance in relocation. If you are interested in this opportu-nity to live and work in an outstand-ing coastal community, please email a cover letter and resume to bank-er.1000@yahoo.com.

EQUIPMENT

FOR SALE: Used safe deposit boxes, lockers, safes, night depositories, un-dercounter units, fireproof note and legal files, drive-up windows. Over 340 types SD Locks available. Custom made & large size gun safes in stock. OK license #1055. 580/584-7766 or 800/642-8763, or FAX: 580/584-7720, or email: underwoodsafe@yahoo.com or www.underwoodsafe.net.

BANKING EQUIPMENT NEW AND USED: Buy, sell or trade. Service & installation. Power files, x2 units, shelving, Mobile shelving, fireproof files-note, legal and letter, under-counter. Money safes, safety depos-it boxes. FLAIR SYSTEMS, 800/468-1246, 214/340-3580.

MODULAR BANK BUILDINGS: Looking to Branch? Opening a New Charter? Disaster Planning? Need a Temporary while Remodeling? Tem-porary/Permanent Modular Bank Buildings new and used. North American Buildings, 888-800-8866, www.NorthAmericanBuildings.com.

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Page 12 BANKERS DIGEST October 19, 2009

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PERIODICAL

FDIC Requests Comments On Prepaid Assessments NPR The FDIC adopted on September 29 the Notice for Proposed Rulemaking (NPR) which would require insured depository institutions to prepay their quarterly risk-based assessments for the fourth quarter of 2009, and for all of 2010, 2011, and 2012, on December 30, 2009, along with each institution’s risk-based deposit insurance assess-ment for the third quarter of 2009. The highlights of the NPR, set forth in Financial Institution Letter FL-58-2009, include the following: *No additional special assessments

will be imposed in 2009. *The Amended Restoration Plan is extended from seven to eight years. *Current assessment rates will be maintained through December 31, 2010. *There will be a uniform increase in risk-based assessment rates of 3 basis points effective January 1, 2011. *The NPR would require insured depository institutions to prepay their quarterly risk-based assessments as stated above. The FDIC said comments are due by October 28, 2009 Q

Barry Sternlicht, chairman and CEO of Starwood, said in a news release issued through Business Wire, “The fi-nancial structure of this transaction [allows] the buyer to be exceedingly patient to protect, maintain and en-hance the assets while maximizing profit potential for the equity partici-pants [including the FDIC].” In an article in The Wall Street Jour-nal, Harrison LeFrak, principal of the LeFrak Organization and joint venture partner with WL Ross & Co LLP (WLR LeFrak), said, “This is not about mak-ing a quick sale or a quip flip. This is about serving as an appropriate stew-ard for the capital of the FDIC.” Bankers Digest expects to see more of this type of partnering between the FDIC and real estate experts as more commercial real estate prob-lems emerge in banks’ portfolios. Stay tuned! Q

Feature (continued from Page 3)

Carson Medlin Reports Banks Divesting of Non-Core BhsThe Carson Medlin Co., investment banker to the financial industry, re-ported one emerging trend in the industry is that of undercapitalized banks divesting non-core branches in order to shore up capital ratios. Daniel T. Bass, writing in his cover letter in the Third Quarter 2009 Tex-as Bank Merger Update, cited an ex-ample of this trend: MO-based First Banks Inc. selling its TX franchise to Sterling Bancshares Inc., Houston. Question: what has “too big to fail” Citigroup’s board decided about its “not for sale” TX branch network? Q