as senior vice president of commercial banking. He previously served as senior vice president with Odessa’s Western National Bank in San Antonio. Also joining the bank is Gary Schweers as senior v i ce p res ident and regulatory risk manager. He previously served with San Antonio CPA firm Fisher Herbst & Kimble, P.C. Bank of San Antonio opened for business in June 2007 as the first new charter in San Antonio in over 20 years. Today, the bank operates three offices and reported $211 million in total assets as of March 31, 2011 Q

Bank of San Antonio, San Antonio, TX, has reported an appointment and a promotion for members of its management team. Andrew Reid has been appointed executive v ice president and chief credit officer. Amy Sondergeld has been promoted to executive vice president and CFO. She previously served as senior vice president and controller, a position she held since 2009. She earned an MBA degree from the University of Tulsa, two undergraduate degrees from Trinity University, and is a CPA. The bank has hired Michael Ussery

Volume 139, No. 21May 23, 2011

In This Issue...Farm Banks Had a Good Year in 2010 Despite Challenging Economic EnvironmentFeature...........................................3

Charter Activity...........................5

Classified......................................6

Please route this issue:

www.bankersdigest.com

Reid

Reid Is EVP/CCO, Sondergeld EVP/CFO, Ussery & Schweers SVPs, Bank of San Antonio

New Mexico Bankers Association 100th Annual Convention Planned for June 3-4 in Santa Fe

Arizona Bankers Assoc Set to Convene June 5-7

Sondergeld

The Arizona Bankers Association has announced its 108th Annual Convention & Meeting is set for June 5-7 at The Ritz-Carlton, Dove Mountain, in Marana, AZ. Activities kick off on Sunday, June 5, with an afternoon Bankers’Cup Shotgun golf tournament at the Ritz-Carlton Golf Club, followed by a reception. The opening general session on the morning of June 6 will feature speakers Lauren Kingry, superintendent of the Arizona Department of Financial Institutions; Herb Meyer, political strategist and author; and Floyd Stoner, American Bankers Association EVP. The association’s annual business meeting and luncheon will follow. The afternoon session features Ken Wells and Aaron Standage from the FDIC, a panel discussion by experts on capital and M&A market, and economist Dr. Lee McPheters. On Tuesday morning, June 7, the program offers concurrent educational sessions followed by an industry address by Elizabeth Vale (invited), who is a team leader with the Consumer Financial Protection Bureau Q

New Mexico bankers are set to gather at the Inn and Spa at Loretto in Santa Fe June 3-4 for the New Mexico Bankers Association’s 100th Annual Convention. Events begin on Friday morning, June 3, with a golf tournament at the Las Companas Golf Course in Santa Fe, followed by an evening party and vendor event featuring the “NMBA History Museum.” The general session on the morning of June 4 will feature speakers economist Todd Buchholz and banking strategist/commentator Bert Ely speaking on “Life under the Dodd-Frank Act.” The morning session concludes with a NM community resource partners panel presentation offering information and lending opportunities. The association luncheon speaker

is Jon Barela, New Mexico Economic Development Secretary. The afternoon activities include a panel presentation on New Mexico housing, finance, and mortgage lending; and a panel presentation on New Mexico small business incubators and economic development. The association’s centennial reception and dinner is scheduled for Saturday evening. Special invited guest is NM Governor Susana Martinez. This year’s convention will feature the 100 years of New Mexico Bankers Association conventions. The first convention took place on February 15-16, 1906, at The Alvarado Hotel in Albuquerque. The event was “characterized by colorful rhetoric and spontaneous loud cheering.” Q

Page 2 BANKERS DIGEST May 23, 2011

p e o p l e TeXAS

Frost Promotes Five to VP, Tarrant County and Houston

Retired Farmersville Bank CEO William Stroud Peterson Dies

Christensen Joins SharePlus Federal as Sr VP

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Jeff Weaver, president/CEO of SharePlus Federal Bank, Plano, has announced the addition of L. Wayne “Chris” Christensen as senior vice president of mortgage warehouse lending. Christensen has over 40 years of executive bank management and mortgage lending experience in North

TX. He earned an undergraduate degree in business management from the University of Utah and an MBA degree from SMU. “The diversi-fication provided b y m o r t g a g e warehouse lending will strengthen our portfolio and will be a significant compliment to our retail mortgage business as well,” said Weaver. SharePlus Federal Bank, a federal savings bank with assets exceeding $230 million, has seven banking locations: four in D/FW, two in Louisville, KY, and one in Irvine, CA Q

Christensen

William Stroud Peterson, a retired Farmersville bank CEO and owner, died in early May at age 87. Peterson was president/CEO and owner of First National Bank in Farmersville from the late 1960s to mid-1980s when he sold the bank and joined his son in the home building business until retirement in 1994. The SMU graduate and WWII veteran started his banking career with First National Bank in Dallas and later served as a correspondent banker for Texas National Bank of Commerce in Houston Q

Phil Norwood, Frost Tarrant County-region president, has reported the promotion of Zack Fullerton and Scott Reading to the vice president level. Fullerton serves in corporate banking for mid-market customers at the Hulen Financial Center in Fort Worth. He joined Frost in 2005 and holds a BBA degree from Barton College. Reading serves in corporate banking at the Matlock Financial Center in Arlington. He joined the bank in 1996 and holds a BBA degree from The University of Texas at Arlington. Dave Beck, Frost Houston region president, has reported the promotion of Travis Baughman, Lindsay Smith, and Rebecca Rogers to vice president. Baughman serves in corporate banking at the Pearland Financial Center. He joined Frost in 2004 and earned an MBA degree from the University of Saint Thomas in Houston and a BBA degree from the University of Houston. Smith is a corporate banker at the Shadow Creek Bank Financial Center in Pearland. She joined Frost in 2004 and earned a BA degree in business from Texas Lutheran University. Rogers serves in customer service at the Harrisburg Financial Center Q

2011 Spring Edition

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May 23, 2011 BANKERS DIGEST Page 3

F e A T U R e

Source:American Bankers Association

Center for Agricultural & Rural Bankingwww.aba.com

(continued on Page 8)

AG & RURAL BANKINGFarm Banks Had Good Year in 2010 Despite Challenging

Economic Environment

B D

FEATURE

Banks in-creased farm and ranch lending in 2010, provid-ing the ma-jority of all

farm credit, according to the Ameri-can Bankers Association Center for Agricultural & Rural Banking’s annual Farm Bank Performance Review. (www.aba.com/Press+Room/050911FarmBanks.htm) The U.S. banking industry, in 2010, held $127.4 billion in farm loans, which includes $68.7 billion in small farms loans with $22.7 billion of that in micro-small farm loans, according to the report released on May 9. The banking industry, in 2009, held $126 billion in farm loans. The number of small farm loans in 2010 reached nearly 1.2 million, with the vast major-ity – almost 900,000 – under $100,000. “Banks continue to meet the credit needs of both large and small farms,” said John Blanchfield, senior vice president and director of the ABA Center for Agricultural & Rural Bank-ing. He added, “Farm income was up in 2010 on the strength of high com-modity prices. This has translated into a solid performance on the part of the nation’s farm banks.” “Farm banks” are defined by the ABA as FDIC-insured banks with as-sets less than $1 billion, whose ratio of domestic farm loans to total do-mestic loans is greater than or equal to 13.95% in 2010. The average-sized farm bank ex-ceeded $100 million in assets, hold-ing $130.5 million at the end of 2010. However, half of all farm banks were smaller than $84.0 million in assets. Where are farm banks located? About 72% of all farm banks are locat-

ed in the Plains (834) and Corn Belt (765), using the USDA regional clas-sification system. The Northeast fol-lows with 296 farm banks, the South has 227 farm banks, and the West has 114. Roughly 80% of farm banks have state charters. Additionally, approxi-mately 53% or 1.1178 of all farm banks had Subchapter S filing status with the IRS. Farm banks increased farm loans by 4.9%, holding a total of $60 billion in loans by the end of 2010. The num-ber of full-time employees at farm banks increased by more than 1% in 2010 totalling 76,337 jobs in rural communities. The study, which analyzed the per-formance of 2,236 farm banks in the U.S., found the following:• Total loans at farm banks grew 1.1% to $181.1 billion in 2010.• Farm bank income, before taxes, totaled $3.1 billion, which was 33.6% higher than in 2009 when it was $2.3 billion. Earnings remain below the historical norm that occurred prior to the recession.• Over 92% of all farms banks were

profitable in 2010, and approximately 58% of farms banks reported an in-crease in their 2009 profitability com-pared to a year earlier.• The aggregate ROA for farm banks (adjusted for Sub S) rose to 0.80% in 2010 up from 0.64% in 2009. Ag banks with $500 million or more in assets had an average adjusted ROA of 0.82% vs. 0.65% for farm banks with under $100 million in assets.• The net interest margin for farm banks in 2010 was 4.07%.• The average farm bank has three of-fices – a main office and two branch-es – and 34 employees.• Farm banks hold $14.6 billion in loans sized $100,000 or smaller to small farmers and an additional $13.3 billion in loans between $100,000 and $250,000.• Farm real estate and production loans at farm banks increased 4.9% to $60.0 billion in 2010, which was faster than loan growth as a whole. The growth in total farm lending was primarily driven by real estate loans.

Page 4 BANKERS DIGEST May 23, 2011

p e o p l e

TeXAS

oKlAHoMAARIZoNA

N e W S W A T C H

BancFirst to sell Nicoma Park Facility to Technology CenterBancFirst, Oklahoma City, has agreed to sell its Nicoma Park banking facility at 2414 N. Westminister to Eastern Oklahoma County Technology Center for campus expansion, according an article in The Journal Record. The facility, located in eastern Oklahoma County, was acquired when BancFirst merged with Park State Bank, Nicoma Park, in 2006. BancFirst operates a second Nicoma Park location at 23rd St. and Hiwassee Rd. and branches in Harrah and Jones Q

First Financial Southlake to Build New Location in GrapevineFirst Financial Bank, N.A., Southlake, President Mark Jones announced plans to build a new location at 1015 Northwest Hwy. in Grapevine. Ground breaking, subject to regulatory approval, is set for this summer with completion expected in the first quarter of 2012.

The new 4,000-square foot facility will be full-service, with four drive-thru lanes and a drive-up ATM. First Financial plans to move its Southlake location at SH 114 and Southlake Blvd. to 151 W. Southlake Blvd in June Q

Gramhill Upped to SVP, Alliance Bank of ArizonaAlliance Bank of Arizona, Phoenix, has announced the promotion of Rob Gramhill to senior vice president and team leader in the commercial lend-ing group, according to CEO Jim Lun-dy. Gramhill joined Alliance Bank in December 2003 when the bank opened. He has 18 years of experience in the local market, previously serving Gramhill

in lending at Com-erica Bank. He is a gradu-ate of the Univer-sity of Southern California and earned an MBA degree from Ari-zona State Univer-sity. Gramhill is a founding board member for Sun Devil Family Charities and a member of the Association of Corporate Growth Q

May 23, 2011 BANKERS DIGEST Page 5

R e G U l A T o R S

C h a r t e r

a c t i v i t y

FDIC Chairman Bair to Leave When Term Expires on July 8The FDIC announced May 8 Chairman Sheila C. Bair’s official departure will be effective July 8, 2011. She will depart the agency following the expiration of her term as chairman. She will preside at her final board meeting during the first week of July. Bair was appointed by President George W. Bush in 2006. Within a year, the financial crisis began. She has earned a reputation for taking on the nation’s largest banks, especially changing rules that force large banks to pay larger fees to the FDIC to insure their deposits. She is generally known for providing strong leadership at the FDIC during recent turbulent times Q

p e o p l e

ArkansasMEMBERSHIPS The FEDERAL RESERVE BANK OF ST. LOUIS has filed an application by Fordyce Bank and Trust Company, Fordyce, to become a member of the Federal Reserve System.MERGERS AND ACQUISITIONS The FRB OF ST. LOUIS has filed an application by First Security Bancorp., Searcy, to increase its ownership in CrossFirst Holdings, LLC, Leawood, KS, from 3.96% to 9.9%.OklahomaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has received an application by BOKF, National As-sociation, Tulsa, for a branch at 2500 N. Hwy. 66, Catoosa.MEMBERSHIPS The FRB OF KANSAS CITY has filed an application by RCB Bank, Cla-remore, to become a member of the Federal Reserve System.MERGERS AND ACQUISITIONS The FRB OF KANSAS CITY has received an application by Interbank, Oklahoma City, to purchase certain as-sets and assume certain liabilities of First Capital Bank, Guthrie.TexasBRANCHES The OCC has received an applica-tion by JPMorgan Chase Bank, N.A., Columbus, OH, for a branch at 3340 E. Broad St., Mansfield. The OCC has received an applica-tion by First National Bank, Spearman, for a branch at 2729 S. Main, Perryton. The OCC has withdrawn an applica-tion by Wells Fargo Bank, N. A., Sioux Falls, SD, for a branch at 11212 North I-35, Austin. The TEXAS DEPARTMENT OF BANKING has received an application by State Bank of DeKalb for a branch at 3515 Richmond Rd., Texarkana. The TXDB has received an appli-cation by Commercial State Bank of El Campo for a branch at 10203 Birchridge, Ste. 100, Humble.

The TXDB has received an applica-tion by Texas First Bank, Texas City, to relocate a branch from 4700 Hwy. 365 to 10607 Hwy. 69, Port Arthur. The TXDB has received an applica-tion by Prosperity Bank, El Campo, to relocate a branch from 6132 W. Hwy. 290 to 7100 W. Hwy 290 EB, Austin.MEMBERSHIPS The FRB OF DALLAS has filed an application by First Capital Bank, Qua-nah, formerly known as First National Bank in Quanah, to become a member of the Federal Reserve System.MERGERS AND ACQUISITIONS The OCC has approved an applica-tion for a non-affiliate P&A of a branch involving Houston Community Bank, N.A., Houston, acquiring a branch at 4601 W. Broadway, Pearland, from Community National Bank, Bellaire Q

Page 6 BANKERS DIGEST May 23, 2011

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OMNIBANK, N.A., has an immediate opening for a Commercial Lender in Houston. This position is responsible for making and servicing a wide variety of commercial loans. This individual will call on potential and existing customers to develop new business and retain current customers; present loan packages at committee meetings; make decisions on loans and terms within established lending limits; and follow loans to ensure compliance with terms. This position requires a minimum of 5 years commercial lending experience in the banking industry. Qualified applicants will have experience with commercial and commercial real estate lending. SBA experience is a plus. Strong written and verbal communication skills and problem solving ability are required. Candidate must have ability to multi-task and meet deadlines. This individual must be able to interact professionally and effectively with internal and external customers and have a demonstrated ability to handle detailed work. Proficiency in Microsoft Word and Excel is required. OMNIBANK, N.A., offers a competitive salary and an excellent benefits package. Qualified applicants should send a resume along with a cover letter and salary requirements to jobs@omnibank.com , or fax to (281)999-9129. OMNIBANK, N.A., is a drug free workplace. Pre-employment drug testing is required. To learn more about OMNIBANK, N.A. visit our website at

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May 23, 2011 BANKERS DIGEST Page 7

Herring Bank, CBurgess@Herring-Bank.com, 806/242-3704.

FINANCE AND OPERATIONS OFFI-CER: Herring Bank is seeking sea-soned individual to drive results for key operational areas. Position will influence areas such as as-set/liability management, product level P&L, budgeting, regulatory relations, and HR. Qualified can-didates should demonstrate suf-ficient experience with concrete examples of past success. Call or send resume to Campbell Burgess,

JUNIOR LOAN OFFICER: Vernon, Texas. Qualified applicants must demonstrate lending and business development skills. Call or send re-sume to Campbell Burgess, Herring Bank, CBurgess@HerringBank.com, 806-242-3704.

INTERNAL AUDITOR AND/OR COMPLIANCE OFFICER: Positions available in Amarillo, Dallas, Wich-ita Falls, Oklahoma, and Colorado. Must possess strong audit and/or compliance experience. Call or send resume to Campbell Burgess,

Herring Bank, CBurgess@Herring-Bank.com, 806-242-3704.

Urban community bank in Houston with $750 million+ in assets seeks a CHIEF CREDIT OFFICER with strong knowledge of commercial lending and proven managerial/leadership skills. The Bank is well capitalized and profitable. Competitive salary/excellent benefits and equity opportunity. Submit resume to bankersdigest@bankersdigest.com, subject line BOX A-1.

Strong, top-rated TX bank looking for an experienced MORTGAGE ORIGINATOR. Qualified applicants will have good communication skills, knowledge of the current regulatory environment and 5+ years of recent mortgage lending experience. Please submit your resume in confidence to bankersdigest@bankersdigest.com, subject line Box B-1.

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Page 8 BANKERS DIGEST May 23, 2011

ADDRESS CHANGE - When writing to us about your subscription, enclose the address label from your copy of Bankers Digest. You can also change your address at www.bank-ersdigest.com under subscriptions.

Bankers Digest9550 Forest Lane, Suite 125Dallas, Texas 75243-5928(USPS 041180)

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• Loan-to-deposit ratio at farm banks in 2010 was 76.5%; it has fallen for two consecutive years. • As noted earlier, the share of farm-land loans at farm banks has risen as a percent of total farm loans. However, at the end of 2010 very few farm banks were overly concentrated in farm real estate loans, as measured as a per-cent of the bank’s capital• Farm bank deposit liabilities in-creased 5.8% in 2010 to $245.3 billion, while core deposits increased 6.0% to $199.0 billion.

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• Farm banks held approximately $292 billion in assets in 2010, up 4.5% from 2009.• The farm bank equity capital-to-average asset ratio was 10.27% in 2010. This ratio for non-farm banks was 10.20%. The vast majority of farm banks, 97.8% of them, were catego-rized as well-capitalized, the highest capital ratio Q

Bank Failures YTD Are 40No banks were closed by federal or state regulators, on May 13. The YTD total bank failure is 40 Q