First Security Bank of Searcy, AR, re-cently opened a loan production

office (LPO) in Hot Springs and named Scott Dews market president. Reynie Rutledge, chair-man and CEO of First Security Ban-corp, made the announcement in a press release.

Dews has served the past four years as First Security’s Bryant market presi-dent. He has also served as president of the Boys & Girls Club of Bryant. The Hot Springs LPO is at 1635 Higdon Ferry Rd., Ste. A, in the Hig-don Center. The bank is searching for a location for its first full-service branch in Garland County. “We’re invested in communities all across our home state, and we are ex-cited about our future in Hot Springs. We know Arkansas, and we are looking forward to getting to know Hot Springs even better by becoming a part of this great community, “ Rutledge said Q

In anticipation of the upcoming merg-er with Plano, TX-based ViewPoint

Bank, LegacyTexas Bank, Plano, has promoted veteran banker Stan O’Neil to chairman, Tar-rant County mar-ket, said Aaron Shelby, executive vice president of LegacyTexas Bank. A member of

LegacyTexas’ senior management team since 2007, O’Neil has led the bank’s continued growth in Tarrant and Parker counties for more than seven years. He has over 30 years of banking industry experience. O’Neil holds BBA and MBA de-grees from Texas Tech University. He is involved with several Tarrant County civic and business organizations Q

Arvest Bank has announced the pro-motion of Scott Hughes to Norman,

OK, community bank president. Hughes has been serving as vice president and commercial loan officer at Arvest in Stillwater, OK. He earlier served at BancFirst and has a background in

mortgage finance. He earned a BS degree from Okla-homa State University and is currently enrolled at the SW Graduate School of Banking at SMU in Dallas Q

Volume 145, No. 18November 10, 2014

In This Issue...Ready or Not: EMV Is On Its Way to the United StatesFeature...........................................3

M&A Activity Update................7

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

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

Please route this issue:

www.bankersdigest.com

O’Neil Is Tarrant County Chairman, LegacyTexas

Published weekly on Mondays except fifth Mondays

Dews Leads Hot Springs LPO for First Security

Lenz

Yuma CEO Lenz Named One of Most Powerful

Hughes

Dews

Mary Lynn D. Lenz, president/CEO of Foothills Bank, Yuma, AZ, has been

named one of The Most Powerful Women in Bank-ing for 2014 by American Banker magazine in its October publica-tion. (http://www.americanbanker.com/women-in-banking)“American Bank-

er honored Lenz as one of The Most Powerful Women in Banking for her leadership in the industry and supe-rior management skills in the face of business challenges,” said American Banker Executive Editor Bonnier Mc-Geer. Lenz, a 40-year banker, has held executive positions in community banks in AZ, CA, and MA. In June 2013, Foothills Bank board of directors ap-pointed Lenz its president/CEO. She had previously served as CEO of Pasa-dena, CA-based Professional Busi-ness Bank, where she was instrumen-tal in leading the turnaround of the community bank during the financial crisis. She also served with Slades Ferry Bancorp in Somerset, MA, and with Citizens Bank of Massachusetts, a wholly-owned subsidiary of Royal Bank of Scotland. Prior to that, she served in a variety of leadership roles over a ten-year period at Cleveland, OH-based Key Corp. Foothills Bank is a $290 million-asset bank which operates seven branches, two of which are located in the Chino Valley and Prescott area, along with a loan production center in Prescott. The bank opened in 1997 Q

Hughes Promoted to Norman President, Arvest

O’Neil

Page 2 BANKERS DIGEST November 10, 2014

J. Michael (Mike) Delbridge has joined Sovereign Bank in Dallas as

executive vice president of ener-gy lending at the bank’s main office at 17950 Preston Rd., Ste. 100. Delbridge is a veteran energy credit officer. He most recently served nine years

at BOKF, N. A., (Bank of Texas) in Dal-las as senior vice president and man-ager of the energy lending group. He earlier served more than 12 years as an energy credit officer at Bank One in Dallas. He attended Fairleigh Dickinson University-College at Florham in New Jersey Q

Texana Bank, N. A., Linden, an-nounced that Stephanie Wolford has

recently been pro-moted to senior vice president of commercial lend-ing. She is a life-long resident of Longview and be-gan her banking career in 1999. She joined the Texana

Bank team in Longview in 2012. In 2004, she earned a BBA degree from LeTourneau University. She is the current chair of the Leadership Longview program and is a graduate in the Class of 2011. She was recog-nized as an emerging leader by the Longview Chamber of Commerce in 2013. Wolford also serves on the boards for Junior Achievement of East Texas and Spring Hill ISD Education Foun-dation. She is vice president of Fi-nancial Women in Texas- ET Group, a member of the LeTourneau University Alumni Advisory Council, and serves on the United Way Finance Commit-tee Q

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Delbridge Named EVP, Sovereign Bank Dallas

Wolford

USAA Federal Bank CEO Bohne Steps Down

Delbridge

According to an article in the San An-tonio Business Journal, USAA Federal Savings Bank CEO David Bohne has notified the bank that he will step down from his position as soon as a replacement can be found. The an-nouncement was made public in an October 16 press release. Bohne has served at USAA for 21 years and held leadership positions overseeing finance, product man-agement, and call center operations. He has lead USAA Federal for seven years. This announcement follows on the heels of the announcement in Sep-tember that USAA President/CEO Joe Robles Jr., Major General, U.S. Army (Ret.), who oversees all of USAA’s sub-sidiaries, plans to retire in February 2015. USAA provides insurance, banking, investments, retirement products, and advice to more than 10 million members. The company is headquar-tered in San Antonio Q

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Wolford Upped to SVP, Texana Bank Longview

Alaniz Is Senior Vice President, Icon BankStephen Alaniz has joined Icon Bank of Texas, N. A., Houston, as senior vice president and commercial lender/re-lationship manager. He serves at the Cinco Ranch Banking Center, 23123

Cincon Ranch Blvd., in Katy. Alaniz previously served as vice president and commercial lender at Enterprise Bank in Houston Q

November 10, 2014 BANKERS DIGEST Page 3

F e A T U R e

ByPaul A. Albright, Vice President

Outsource ATMCypress, Texas

www.outsourceatm.com

T E C H N O L O G YReady or Not: EMV Is On Its

Way to the United States

B D

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In response to the increas-ing amount of card fraud occurring in the U.S., ma-jor retailers

are beginning to back MasterCard, Visa, and EMVco in their push to im-plement EMV chip-card technology. President Obama issued an executive order in October mandating that all federal payments be chip and PIN ca-pable by 2015. Paul Albright, vice president with Outsource ATM, writes on his com-pany’s blog site that the U.S. has been reluctant to implement the EMV technology although the benefits of EMV have been demonstrated around the world. The costs of new cards — around four times more expensive — coupled with the logistics and ex-penditures required to update POS systems and ATMs have financial in-stitutions, ATM deployers, and retail-ers balking. However, Albright says, those same naysayers could be blowing their tops starting October 2015 when they be-gin paying for fraud costs themselves. In order to push the U.S. into finally adopting EMV technology, the major card networks determined that an in-centive may be in order. Visa and Mas-terCard led the charge by announcing a fraud liability shift effective in Octo-ber 2015 that would put the costs of counterfeit fraud activity squarely on the shoulders of retailers, ATM provid-ers, and financial institutions…unless they are EMV compliant. If fraud oc-curs, the component of the transac-tion that was not EMV ready is held fiscally responsible. Smaller financial institutions such as community banks and credit unions could potentially be some of the hardest hit by the liability shift.

They must weigh the potential costs of absorbing fraud liability compared to updating to EMV. However, as EMV becomes the standard in the U.S., as it is throughout the rest of the world, financial institutions that have not upgraded may face other technology issues such as the inability to provide customers with contactless transac-tions. Preparation for EMV is now acceler-ating to a rapid pace after a crawling start. Financial institutions should be preparing their strategies, if they are

not already implementing them. The first step to EMV preparation is to issue new debit and credit cards that are EMV capable. Aite Group, an independent research and advisory firm, predicts that, by the end of 2015, 70% of U.S. credit cards and 41% of debit cards will be EMV capable, and the largest banks, Bank of America, JPMorgan Chase and Citibank, will be leading the way in issuing EMV cards and upgrading technology. These

Page 4 BANKERS DIGEST November 10, 2014

Oklahoma City-based Valliance Bank has announced the appointment of

Amber Barocco Nunley as vice president of com-mercial lending at the bank’s McKin-ney location, 5980 S. Lake Forest Dr., Ste. 100. Nunley has 10 years of banking experience. She

most recently served as vice president of commercial lending at Liberty Capi-tal Bank in Addison. She earlier served as a real estate lender and commer-cial credit analyst at Sovereign Bank in Dallas. She began her banking ca-reer at Regions Bank as a credit ana-lyst. She holds both bachelor’s and MBA degrees from LSU. She is graduate of the Texas Real Estate Council Q

p e o p l e TeXAS

Nunley Joins Valliance as Vice President and Lender

Nunley

ARKANSASCastaldi, Ross, Pfleger, Hill Join Relyance in Little Rock Nina Castaldi, Sandy Ross, Nikki Pfleger, and LaTonja Hill have joined Relyance Bank of Pine Bluff’s new Lit-tle Rock team at the branch at 11000 Financial Centre Parkway in west Lit-tle Rock. Castaldi, with 10 years of experi-ence in financial services, is the new vice president of Little Rock retail op-erations. She earned a BSBA degree in finance from Lyon College. Ross, with 28 years of banking ex-perience, is assistant vice president of retail operations. She has 17 years of experience in branch management. Pfleger, who has eight years of banking experience, is the manager of Relyance’s new branch. Hill, a customer service represen-tative, has 23 years of banking experi-ence. Relyance Bank acquired the branch in June from Simmons First National and officially opened in September Q

Morgan, Rhodes, Sorey, Spradlin, Williams UppedSimmons Bank, Pine Bluff, recently an-nounced several officer promotions: Shannon Morgan, Justin Rhodes, Matt Sorey, Jennifer Spradlin, and Kelly Williams, according to Marty D. Casteel, Simmons Bank chairman/CEO. Morgan has been promoted to administrative officer and serves as project manager and administrative assistant for the marketing group and assistant secretary for Simmons First Foundation. She has more than 15 years of experience with Simmons and holds an associates degree in banking and finance from Southeast Arkansas College. Rhodes has been promoted to information technology officer and serves as network administrator. He has more than 14 years of experience with Simmons. He earned a BS de-gree in computer information systems from the University of Arkansas at Monticello. Sorey has been promoted to infor-mation technology officer and serves as network administrator. He has more than 14 years of IT experience of which eight years have been with Sim-mons. He earned a BS degree in man-agement information systems from Arkansas State University. Spradlin has been promoted to ad-ministrative officer and serves as a branch manager in the Russellville market. She has nearly 17 years of experience with Simmons. She has previously served as CRA coordinator and most recently as senior financial services representative prior to being promoted to branch manager. She at-tended Arkansas Tech University. Williams has been promoted to business development officer and currently serves as community bank sales manager in the Russellville mar-ket. He joined Simmons in 2013 and served as merchant services regional sales representative prior to becom-ing a community bank sales manager He attended the University of Arkan-sas at Little Rock Q

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Olson Is Branch Manager, Washington Federal in ABQ

FL Developer Longe Joins Home BancShares BoardHome BancShares Inc., parent com-pany of Centennial Bank, both of Conway, has announced the election of Thomas J. Longe to its board of directors, said John Allison, chairman. “Home BancShares has over one third of our assets in Florida, so adding ad-ditional representation from the area makes sense. Tom has over thirty years of banking and finance experience and will play a key role in our continued growth in Florida.” Longe is the president/COO of The Trianon Companies. For over 30 years he has been involved in all aspects of commercial and residential real estate developments. He is the former chair-man and president/CEO of TIB Finan-cial Corporation (TIB Financial), which was a publicly-traded bank holding company in FL with $1.8 billion in assets. He directed the successful ac-quisition of a $500 million-asset failed bank from the FDIC and negotiated the

recapitalization/sale of TIB Financial to North American Financial Holdings. Longe began his career as a loan officer and credit analyst at Bank One, Columbus, N. A, OH, and Comerica Bank. He graduated from Albion Col-lege with a BA degree in economics and from the University of Detroit with an MBA degree Q

Washington Federal has recently hired Nancy Olson as branch manager of its Osuna branch at 4400 Osuna Rd. NE in Albuquerque. Olson joins Washington Federal with more than 22 years of financial services industry experience. She most recently served over 13 years at Rose-mont Realty, a commercial property investment and management firm, in Albuquerque. Earlier in her career, she served as a real estate loan officer at Prime Pacific Bank and US Bank in Se-attle, WA Q

Washington Federal in Phoenix has promoted Christopher Sailus to northeast AZ re-tail division man-ager at the vice president level. Sailus will be responsible for managing all branch activity within the bank’s northeast AZ footprint, includ-ing Scottsdale, Superstition Springs, Fountain Hills, Mesa, Gilbert, Payson, Globe, Show Low, and Safford. He has nearly 30 years of banking experience, ranging from retail mor-gage production to business banking. He most recently served as branch manager of Washington Fed’s flagship location in Seattle’s Ballard neighbor-hood. He holds an MBA degree from Wilkes University in Scranton, PA Q

ARIZoNASailus Promoted to NE AZ Retail Manager, Wash Fed

Sailus

Page 6 BANKERS DIGEST November 10, 2014

BMO Harris Bank has announced the appointment of Steven Zandpour as

regional president for Arizona. He will be responsible for overseeing a net-work of 50 BMO Harris locations and driving the growth of retail and small busi-ness banking and premier services.

Zandpour joined BMO Harris in 2013 as president for the North Shore market of the Chicago region. He has more than 15 years of industry experi-ence serving in commercial credit and as a commercial relationship officer and financial center manager. BMO Private Bank also announced new senior staff additions and promo-tions at the wealth management firm’s AZ offices, which serve high-net-worth individuals, family-owned business-es, endowments, and foundations throughout the Western US. BMO Pri-vate Bank Western U.S. President Matt Miller made the announcement. Ashley Ober is now managing di-rector of the greater Phoenix market, overseeing strategic development and

p e o p l eARIZoNA

delivery of wealth management ser-vices provided by a team of financial professionals. He was previously the regional director of private banking. Paul Tees was hired as the Tucson managing director. He will be respon-sible for the overall growth and man-agement of the Private Bank for all of Southern AZ, with a team of bankers reporting to him. Jason Miller, CFP®, was promoted to market manager for Greater Phoe-nix. In addition to his responsibilities as Director, Financial Planning – West-ern US, he will now manage the AZ team of financial planners. Lindsey Jackson, an estate plan-ning attorney, joined the firm as se-nior trust administrator. Tony Tanner was hired as a senior client advisor. This newly created posi-tion is designed to assist clients who have more complex financial planning and advising needs. Craig Shelley has been hired as a wealth advisor. New business in the Western U.S. region has increased significantly over the past year. To further support the influx, BMO Private Bank has in-creased staffing to focus on positions that enhance the client experience Q

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Zandpour Is AZ President, BMO Harris Bank; Ober, Tees, Miller, Jackson, Tanner, and Shelley Named

Zandpour

TeXAS

Triumph Bancorp Inc. (“Triumph”), Dallas, announced October 27 that it has launched an initial public offering (IPO) of shares of its common stock pursuant to a registration statement on Form S-1 filed in September with the SEC, according to Globe News-wire, www.reuters.com. Triumph offered 6,700,000 shares of common stock at an expected price range between $14.00 and $16.00 per share. Triumph has also granted the underwriters a 30-day option to purchase up to an additional 1,005,000 shares to cover over-allotments, if any. The common stock trades on the NASDAQ Global Select Market under the symbol “TBK”. According to www.Law360.com, the four-year-old company plans to use the net proceeds of the sale — about $90.5 million at the midpoint of the range and $104.5 million including the overallotment option — to redeem about $25.9 million in preferred stock from the U.S. Treasury Department’s crisis-era TARP and to pay off about $11.7 million in debt. The rest would be used to support growth, the com-pany said in regulatory filings. Triumph took on the TARP preferred shares in February 2009 as part of its acquisition of National Bancshares Inc., the operator of the National Bank and 10 branches in the Midwest US. Triumph operates seven banking brands, including Triumph Savings Bank, a TX commercial lender; Tri-umph Community Bank, a retail bank in IL and eastern IA; Triumph Health-care Finance, a lender for small- to mid-sized health care companies across the country; and Triumph Capi-tal Advisors, a credit-focused invest-ment management firm Q

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November 10, 2014 BANKERS DIGEST Page 7

N e W S W A T C H oKlAHoMAARKANSAS

A $31.8 million intrastate transaction will give Magnolia Banking Corp. a presence in TX and push its asset to-tal to about $1.2 billion, writes George Waldon at arkansasbusiness.com. The holding company of $884 mil-lion-asset Farmers Bank & Trust of Magnolia should complete the pur-chase of First National Bancshares of Hempstead County Inc. of Hope be-fore year’s end. First National is the parent company of the $310.3 million-asset 1st Bank of Texarkana, TX. The five biggest First National shareholders will divvy up $30.4 million of the all-cash deal: Bruce Gottwald Jr., 57.61% worth $18.4 mil-lion; John Hays, 12.27% worth $3.8 million; Thomas Hays III, 11.82% worth $3.7 million; Daniel Hays 2012 Trust, 10.69% worth $3.3 million; and Betty Jo Hays, 4% worth $1.25 million. The transaction represented a mul-tiple of about 1.35 X BV when it was announced earlier this summer. 1st Bank is built on the bones of three AR banks and is the product of a 2006 restructuring that entailed relocating and renaming an AR bank charter to Texarkana, TX, and consoli-dating with two others. The charter of First National Bank of Lewisville was moved to TX and merged with the operations of First National Bank of Hope and Bank of Blevins. 1st Bank, which has a staff of 98, operates the following full-service lo-cations: Hope, Blevins (Hempstead County), Lewisville (Lafayette Coun-ty) and Texarkana in AR, and Texar-kana and New Boston, both in Bowie County, in TX Q

Magnolia Banking Set to Buy Texarkana, TX, 1st Bank

First United, Durant, to Merge with First American Bank

Heartland Bank Relocates Main Office to Little Rock

First United Bank, Durant, announced on October 28 plans to expand op-erations in central and southern OK through a merger with First American Bank, headquartered in Purcell and Norman, in early 2015. The merger will increase First United’s total as-sets to approximately $3B with $500M assets in the Oklahoma City region. Greg Massey, president/CEO of First United, and Jim McAuley, chairman of First American Bank, jointly made the announcement. John Massey, chairman of First United, said, “...We are delighted to blend two strong family-owned Okla-homa banks into one.” Neil Schemmer, president/CEO of First American Bank, will continue to lead his staff of local community bankers in the central OK region. He was named president in 2008 after McAuley was named chairman, suc-ceeding Hoyt “Pat” Mayes who died. Schemmer later added the CEO title. First American Bank was original-ly chartered in 1935 and has thrived since 1990 under the ownership of the Mayes family of Norman. “Pat” Mayes was a longtime central OK business and civic leader. First American currently has assets in excess of $300 million and operates seven locations in central OK: three in Norman, and one each in Oklahoma City, Maysville, Moore, and Purcell. First United opened its doors in 1900, seven years before OK became a state. The $2.6-billion asset bank of-fers a full range of personal banking, commercial banking, wealth manage-ment, insurance, and mortgage prod-ucts and services to customers over 30

locations throughout OK and North TX. First United is recognized as one of the largest, well-capitalized bank-ing organizations in the Southwest. The bank is also the 4th largest mort-gage originator in Oklahoma City. Terms of the merger deal were not disclosed. The transaction is subject to necessary approvals and is expect-ed to close in early 2015 Q

The 922-square-foot leased facility at 5100 Kavanaugh Blvd. in the Heights area of Little Rock is likely the small-est bank main office in all of AR, ac-cording to arkansasbusiness.com. The location, remembered as a trol-ley stop way back when, has housed a Heartland branch since 2010. The bank relocated its main office to the location after the AR State Bank De-partment board approved a relocation

application on October 16. Heartland Bank had been based in Bryant since 2004, at the time of its $28.9 million sale to an investment group led by bank board chairman Walter Quinn of Little Rock. Today, the $216.4 million-asset, state chartered commercial bank op-erates bank locations in Little Rock, Bryant, Fordyce, and Sheridan, and an operations center in Little Rock Q

Page 8 BANKERS DIGEST November 10, 2014

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IBERIABANK Plans to Enter Orlando, FL, Via AcquisitionLafayette-based IBERIABANK plans to enter the Orlando, FL, market with its latest bank acquisition. The bank continued to strengthen its foothold in FL with a $259 million stock ac-quisition deal announced October 27. The deal marks the bank’s fourth merger announced in 2014. In the most recent deal, IBERIA-BANK has agreed to acquire Orlando-based Old Florida Bancshares Inc. in a stock purchase transaction, adding 12 branches in Orlando and two in Citrus County north of Tampa. Old Florida, the parent of Old Flori-da Bank and New Traditions Bank, had $1.4 billion in assets and $1.1 billion in gross loans as of September 30, ac-cording a statement from the banks. The deal is subject to necessary ap-provals and is expected to close in the first quarter 2015. IBERIABANK has steadily expand-ed its FL footprint since the 2009 pur-chases of two failed banks, Century Bank in Sarasota and Orion Bank in Naples. On October 3, IBERIABANK announced a deal to acquire Florida Bank Group, adding 13 branches in the Tampa Bay area, Jacksonville, and Tallahassee Q

numbers indicate that a large portion of community banks and credit unions may be vulnerable to fraud liability in October 2015. In order to avoid this possibility, fi-nancial institutions should be pricing and evaluating EMV chip card vendors now, Albright says. Selecting a vendor and placing an order early will help to avoid the last minute rush and poten-tial danger of backordered cards. Because EMV capable cards are around four times more expensive than a traditional magnetic stripe card, according to a study by First Data — experts are suggesting finan-cial institutions begin by issuing cards for customers/members who travel in-ternationally, new card accounts, and existing active cards that expire. But what about dormant or inactive cards? Banks and credit unions will need to weigh the risk of those cards becom-ing active and possibly incurring fraud costs versus the expense of issuing new cards that may not be used. Albright says the ATM liability shift is, thankfully, one year later than the MasterCard liability shift – in Octo-ber 2016. However, that date could lull card issuers into a false sense of security. ATMs are, possibly, the most intensive portion of EMV implemen-tation for financial institutions. While newer ATMs may already be equipped

with EMV-capable card readers, all ATMs will need new software that is still in the process of being developed and approved by the card networks. Many ATMs will need to be upgraded or replaced in order to meet EMV re-quirements. Albright adds, moreover, that bank-ers who upgraded their ATM fleets three years ago for the new Americans with Disabilities Act (ADA) compli-ance and again in 2014 for software and hardware upgrades to move from Windows XP to Windows 7 are now facing additional expenditures for the required EMV upgrades. Financial institutions should stay up to date on developments with pay-ment processors as they become EMV certified. Since more data is sent dur-ing an EMV transaction than during a magnetic stripe transaction, banks and credit unions should work closely with processors to make certain the transaction information is accommo-dated. Albright believes the more educat-ed a financial institution’s cardholders are on EMV technology, the more like-ly they will be to avoid problems with the switch from traditional magnetic cards. Consumer awareness can also reduce card reader failures, damage to cards, and other costly issues caused by EMV card misuse. EMV seems to be just another box

N e W S W A T C H

to check on the list of current and past ATM upgrade requirements. With the potential of contactless and cardless technologies, as well as the Federal Reserve’s announcement that it will begin issuing more tactilely designed currency, the list of ATM upgrades seems unending. However, it is un-avoidable for U. S. financial institu-tions. EMV technology is heading to the U.S. Being prepared for the con-version is just the first step in reduc-ing fraud liability and upgrade costs Q

Paul A. Albright is vice president, sales and marketing at Outsource ATM, Cypress, TX. He may be contacted at palbright@out-sourceatm.com or by telephone at 832/721-1235.

November 10, 2014 BANKERS DIGEST Page 9

R e G U l A T o R S

C h a r t e r

a c t i v i t yTexasBRANCHES The OFFICE OF THE COMP-TROLLER OF THE CURRENCY has received an application by The First National Bank of Mount Vernon for a branch relocation: from 4601 Hwy 115 S., Scroggins, to 4543 FM 115, Mount Vernon. The OCC has received an applica-tion by Texas Gulf Bank, N. A., Hous-ton, for a branch at 900 Town & Coun-try Ln., Houston. The TEXAS DEPARTMENT BANK-ING has approved an application by Prosperity Bank, El Campo, for a branch at 1205 N. Navarro St., Victo-ria. The TXDB has approved an appli-cation by Frost Bank, San Antonio, for a branch at 2627 W. Jefferson Blvd., Ste. 314, Dallas.MERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF DALLAS has filed a change-in-con-trol notice by Laura Lee Lehmberg, Austin, to control up to 25% of the shares of common stock of Commer-cial Company Inc., Mason, and indi-rectly The Commercial Bank, Mason. The TXDB has approved an ap-plication by Northstar Bank of Texas, Denton, for a merger with Community Bank, Fort Worth. The TXDB has received and ap-proved applications by State Bank of Texas, Dallas, for the P&A of home office and all branches of failed The National Republic Bank of Chicago, Chicago, IL. The application was eff-ecdtive October 24 Q

The Federal Deposit Insurance Cor-poration (FDIC) on November 3 an-nounced the appointment of Barry C. West as chief information officer (CIO) and Barbara Hagenbaugh as deputy to Chairman Martin J. Greun-berg for Communications. West, who will begin his new posi-tion at the FDIC on December 1, has more than 30 years of experience in the IT field. He currently serves as CIO and deputy chief management officer for the Pension Benefit Guaranty Cor-poration, where he leads all aspects of IT and information management. He has also served as an executive for a management and information tech-

Endorsed ProviderBANK DESIGN SPECIALIST

p e o p l eFDIC Taps West CIO, Hagenbaugh Deputy Communications

nology services firm, CIO for the U.S. Department of Commerce, and CIO for the U.S. Department of Homeland Security Federal Emergency Manage-ment Agency (FEMA). Hagenbaugh will join the FDIC on November 17 after serving more than five years as a principal spokesperson and senior media relations specialist for the Board of Governors of the Fed-eral Reserve System. Prior to joining the Fed, she was an economics corre-spondent with USA Today and served as a correspondent for Reuters Amer-ica Inc., where she reported on the U.S. economy and the Federal Reserve System Q

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N e W S W A T C HCFPB Finalizes Rule for Posting Privacy Notices OnlineThe Consumer Financial Protection Bureau (CFPB) has finalized a rule to promote more effective privacy dis-closures to their customers. Under the new rule, which will be effective imme-diately upon publication in the Federal Register, financial institutions will be able to post privacy notices online in-stead of distributing an annual paper copy, if they satisfy certain conditions such as not sharing data in ways that would trigger consumer opt-out rights.

The new rule applies to both banks and non-banks that are with the CFPB’s jurisdiction under the Gramm-Leach Briley Act. Institutions that choose to rely on this new method of delivering privacy notices will be required to use the model disclosure form developed by federal regulators in 2009. Other features of the new rule may be found at: http:files.consumerfinance.gov/f/201410 cfbp final-rule annual privacy-notice.pdf Q

Page 10 BANKERS DIGEST November 10, 2014

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WEST HOUSTON/SUGAR LAND: Regional Independent Bank seeks highly-experienced, local Commercial Lender to lead both markets in new growth. Very strong compensation package, car, local decision-making.

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November 10, 2014 BANKERS DIGEST Page 11

San Angelo area financial institution is accepting applications for a CREDIT DEPARTMENT SUPERVISOR. Experi-ence required, college degree a plus. Individual will supervise loan documen-tation preparation, loan funding, loan monitoring and reporting, participat-ing in daily loan meetings, etc. Salary commensurate with experience. Credit report and background check will be obtained. Send resume and salary re-quirements to P.O. Box 3370, San An-gelo, Texas 76902. EOE/M/F/D/V/AA.

North Collin County community bank seeks an experienced GENERALIST LENDER. The ideal candidate would have experience in Real Estate, C & I, SBA and Consumer Lending. Work in a supportive atmosphere where you are respected for your abilities and accomplishments. The bank offers a competitive package of salary and benefits. Please respond to bankersdi-gest@bankersdigest.com, subject line Box O-2.

First Financial Bank in Granbury, TX, has an opening for a SENIOR VICE PRESIDENT COMMERCIAL LEND-ER. Successful candidate will have strong credit skills, proven leadership abilities, and desire to be part of the community and senior management team. Interested applicant may con-tact Vickie Pettit at vpettit@ffin.com for more information or apply online at www.ffin.com. AA/EEO/Veterans/Disabled Employer.

Grand Bank seeking to hire experi-enced individual for the position of LOAN SPECIALIST III. Provides daily

Mark Mitchell, 972-335-9009, www. lonestarsearch.net.

COMMERCIAL LENDER, NORTH CEN-TRAL TEXAS: Growing, extremely stable Community Bank convenient to Metroplex seeks experienced, small-town-friendly lender to begin portfolio transition due to pending retirement. Must be strong business developer. Mark Mitchell, 972-335-9009, www. lonestarsearch.net.

$400M independent community bank in East Texas has an opening for a COMPLIANCE OFFICER. Must have compliance experience. Send resume in confidence to bankersdigest@ bank-ersdigest.com, subject line Box D-5.

A $250 Million Dollar Bank in Dallas, Texas is seeking a CHIEF CREDIT OFFI-CER responsible for providing support and direction in the development and management of the bank’s loan portfo-lios. Duties include establishment and monitoring of credit policies and proce-dures designed to ensure compliance with regulatory guidance and industry best practices, providing guidance to lending officers on analytical consid-erations, structural recommendations, approval processes, legal documenta-tion, and servicing matters; managing credit support staff including documen-tation specialists, relationship manag-ers, loan officers, and credit analysts; coordinating regulatory audits and loan review examinations (as related to credit risk management); analyzing portfolio risk, mix, concentrations, and diversification; performance of loan portfolio analysis including calculation of the allowance for loan losses, impair-ment assessments, and CRE stress test-ing; and preparation of reports ensur-ing that management and the board of directors are apprised of loan portfolio risks and performance. The position plays an integral part in identifying and minimizing the bank’s credit risk expo-sure and providing asset quality over-sight. Complete credit analysis, loan un-derwriting, and processing activities for commercial and producer accounts. 10-15 years experience required. Respond to bankersdigest@bankersdigest.com, subject line Box O-3.

support to loan officers including docu-menting and interpreting loan infor-mation. Corresponds with title and abstract companies, insurance compa-nies, and attorneys for loan documen-tation. Requires extensive knowledge of all commercial, mortgage, and con-sumer loans. Experience with MS Ex-cel/Word, Jack Henry, Compliance One. Hours: 8:00 a.m. – 5:00 p.m. Send re-sume to:jobs@prlinx.com. EOE.

COMMERCIAL LENDER – 100+ year- old community bank is expanding its CENTRAL TEXAS lending efforts and seeks an experienced lender with a strong desire to be part of a growing and moving organization. Resume to rwomble@roscoestate-bank.com

SENIOR LENDING OFFICER needed for a well-established, growing com-munity bank in Southeastern New Mexico. Must have a bachelor’s degree and a minimum of five years experience in commercial lending. Good salary and benefits available. Please contact Betty Egbom, EVP/Marketing & Human Resources, at 575-234-2510 or send resume to be-gbom@carlsbadnational.com

Wellington State Bank is looking for a BRANCH PRESIDENT for its CHIL-DRESS, TX LOCATION. Preferred candidate must have people skills and be willing to be active in the community. Prefer at least 10 years overall lending experience with the ability to put together loan pack-ages and make quality credit deci-sions. Agricultural knowledge is a

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plus. Compensation based upon experience. Quality benefit pack-age. Great opportunity for the right individual. Contact Richard Sims Wellington State Bank PO Box 1032 Wellington, TX 79095.

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FULLY OPERATIONAL BRANCH BANK available. Located on U.S. Highway 380 in Little Elm, Texas. Contact: jcaudle@ftnb.net

FOR SALE OR LEASE: MODULAR BANK BUILDINGS. Immediate-ly available, 14’ x 66’ or 24’ x 66’, equipped with bank equipment in-cluding drive-thru. Nancy Noonan, Sanger, TX, 940-391-1385, www.NorthAmericanBuildings.com.

MOBILE BANK FOR SALE: Wired for Networking, Drive-Through Window, Two Interior Teller Stations, New Ac-count Area, Night Depository and Sec-ond Vault, Two Offices, Work Area, Com-munications Closet, Storage Room, and Bathroom. Includes four desks and two storage cabinets in good condition. $55,000.00. For images: https://www.peoplesbanktexas.com/mobilebank. Contact William at 806-794-0044.

BANKING EQUIPMENT NEW AND USED: x2 units, fireproof files-notes, le-gal and letter, Money safes. FLAIR SYS-TEMS, 800/468-1246, 214/340-3580.