Centennial Bank, a subsidiary of Home BancShares Inc. of Conway,

AR, has named Davy Carter re-gional president, with duties and re-sponsibilities that include oversee-ing Home Banc-Shares’ acquisi-tion of Liberty Bank of Arkansas Inc. of Jonesboro.

Publicly-traded Home BancShares’ $280 million deal to purchase Liberty was announced June 25. The deal will create the second largest bank hold-ing company headquartered in AR with about $7.1 billion in total assets. Carter, of Cabot, is speaker of the Arkansas House of Representatives, where he is serving his third term. In May 2013, Carter was named EVP at Home BancShares. Before that, he was division president for Centennial Bank in Cabot. He is a finance gradu-ate of Arkansas State University in Jonesboro and an honors graduate of University of Arkansas at Little Rock’s William H. Bowen School of Law Q

Volume 143, No. 4July 22, 2013

In This Issue...Drivers of Bank Valuation, Part III: Size and DiversificationFeature..............,...............................3

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

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

Please route this issue:

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Odom Appointed President, Western Bank, Coahoma and Lubbock, Texas

Published weekly on Mondays except fifth Mondays

Odom

Jim Richmond, CEO and vice chair-man of Western Bank, Coahoma, TX, has announced the appointment of Daniel Odom as president ef-fective June 20. Odom will contin-ue his role as chief lending officer as well as overseeing the operations of Western’s six lo-cations. Odom joined the bank as ex-ecutive vice president in August 2011 and currently offices in the Lubbock branch at 5701 82nd St. Odom has more than decade of banking experience. He currently serves on the boards of directors for both Western Bank and Gruver State Bank, Gruver, TX. Prior to join-

Lind

ing Western Bank, he served over five years with Texas Department of Bank-ing progressing to the rank of com-missioned examiner and serving out of the Lubbock regional office. Earlier, Odom served with American Bank of Commerce in Lubbock and Herring Bank in Amarillo. He is a 2004 gradu-ate of Texas Tech University. Western Bank was acquired in 2012 by Circle I Bank Group Inc. of Amarillo, which is controlled by the Irwin family who own the Gruver State Bank. Western Bank, chartered in Co-ahoma in 1929 and formerly known as First Bank of West Texas, reported $170 million in assets and $150 mil-lion in deposits as of June 30, 2013. In addition to offices in Coahoma and Lubbock, the bank operates branches in Abilene, Big Spring, Brownwood, and Loraine Q

Carter Named Regional President at Centennial

Carter

Lind Promoted to Executive Vice President, First National Bank of Santa Fe, New MexicoThe board of directors for Strategic Growth Bancorp Inc., holding com-pany of First National Bank of Santa Fe, NM, has announced the promo-tion of Jennifer Lind, SVP and chief deposit officer, to executive vice president. Lind joined First National Bank in 1986 as a personal bank-ing officer and has been steadily pro-moted over her 27-year tenure. As chief deposit officer, she is respon-sible for leading all retail banking, in-cluding loan and deposit growth, pri-

vate banking, branch operations, risk management, and staff development. She holds a BSBA degree in busi-ness administration from Northern Arizona University, an MBA degree in information technology from the Col-lege of Santa Fe, and is a graduate of the Western States School of Banking at The University of New Mexico. A native New Mexican, Lind is highly committed to the economic, educational, and cultural growth and prosperity of Santa Fe. She has served on the Santa Fe Chamber of Com-merce board of directors since 2007, serving as treasurer since 2010. Chartered in 1870, First National Bank of Santa Fe is the oldest bank in the New Mexico Q

Page 2 BANKERS DIGEST July 22, 2013

nounced the appointment of Thomas Danik as market president for the

bank’s Katy Loan Production Of-fice (LPO), which is scheduled to open on August 1 at 16300 Katy Fwy., Houston. A resident of Katy for 10 years, Danik has worked for community banks and large

national banks during his 18 years in the industry. His background includes commercial lending, private banking, SBA lending, and retail banking. Danik is a board member for the Katy YMCA. Memorial City Bank is a commu-nity bank with $213.5 million in de-posits and $240.8 million in assets, as of June 30, 2013. The bank opened in February 2008 at 820 Gessner in Hous-ton. Its first branch location opened July 2009 on the SEC of Gessner and I-10. The Conroe LPO opened in June 2011 at 2040 North Loop 336 West, Ste.116. The Northwest LPO opened in October 2012 at 9977 W. Sam Hous-ton Parkway N., Ste. 105, in Houston Q

The Bank of San Antonio has hired veteran private banker Bob Smith as

senior vice presi-dent and private banking relation-ship manager, ac-cording to an an-nouncement by Brent R. Given, president/CEO. Smith most re-cently served as a private banker

with Wells Fargo Bank in San Antonio Q

p e o p l e TeXAS

Danik Joins Memorial City Bank at Katy LPO

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Fowlkes Upped to Lender, WestStar Bank in El PasoWestStar Bank, El Paso, has reported the promotion of Liz Fowlkes to busi-ness lender for the El Paso market. Fowlkes joined WestStar Bank in 2008 and has served as a teller, credit analyst, and senior credit analyst, pri-or to her promotion. In addition to her more than five years of banking experience, she has a BBA degree from The University of Texas at El Paso. In the community, she serves as treasurer on the board of directors for Creative Kids Inc., an educational community art agency Q

July 22, 2013 BANKERS DIGEST Page 3

F e A T U R e

ByC. K. Lee, Managing DirectorCommerce Street Capital LLC

Dallas, Texaswww.cstreetcap.com

BANK VALUATIONDrivers of Bank Valuation,

Part III: Size and Diversification

(continued on Page 12)

Lee

A critical func-tion of any bank’s board of direc-tors is to regularly assess whether their activities and those of the bank’s management are driving value. This may be defined as value for share-holders, value for the community, and the perception of strength among the bank’s customers and regulators. In the last two installments of this se-ries (Part I, April 8, 2013; Part II, May 13, 2013), we explored the concept of tangible book value (TBV) and its rela-tionship with bank valuation. We also looked at internal steps, such as pro-moting efficiency and growing loans, which boards could take to drive more revenue to the bottom line and drive bank value. In this final installment, we’ll look at two additional factors that drive value in both earnings production and market perception.SIZEThe first of these is size. A bank’s size has a direct bearing on its value. The data show clearly that larger banks are perceived to be more valuable, ac-cording to the tangible indicators of open market trades of bank stocks and in bank merger pricing. In 2012, for example, there was a clear disparity in the public markets between banks with less than $1 billion in total assets (which traded below tangible book value on average) and those above $1 billion (which traded, on average, at a substantial premium to TBV). Regard-ing whole bank sales in 2012, banks with more than $500 million in assets sold at a higher valuation, as a func-tion of price to TBV, than banks small-er than $500 million in total assets (122.3% of TBV versus 113.6%). Like-wise, banks with more than $1 billion in total assets sold at 129.3% of TBV

versus 113.1% of TBV for banks below $1 billion in assets. There are a number of reasons for this. Certainly greater scale means greater efficiencies, the ability to ex-pand the customer base through a higher legal lending limit, the ability to spread the cost of carrying regula-tory compliance over more assets, and the ability to offer products that smaller banks cannot afford to offer. A key consideration for a bank’s board should be a regular assessment of the institution’s size relative to market and

the steps needed to achieve a critical mass that drives value. Small banks can achieve scale through raising capi-tal and expanding the balance sheet organically—or pursuing mergers with compatible institutions. Either ap-proach allows banks to grow in size, improve efficiency and grow value.DIVERSIFICATIONAnother approach to growing value is to diversify the balance sheet and the income statement. The data shows that more diversified banks earn more

Page 4 BANKERS DIGEST July 22, 2013

p e o p l e TeXAS

Ortmann Joins American National Bank at Dallas CentralAmerican National Bank of Texas, Ter-rell, has recently hired Dustin Ortmann as vice president and commercial lender at the Dallas Central Banking Center, according to Jeff Williams, EVP and regional bank executive. With 12 years of banking indus-try experience, Ortmann previously served with BBVA Compass, Bank of

Texas, Countrywide Bank, and Guar-anty Bank. Ortmann is currently a member of The Real Estate Council and the Aggie Real Estate Network. He earned a BBA degree in finance from Texas A&M University and holds an International Business Certificate from the Univer-sity of Strasbourg in France Q

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Three former First National Bank in Dallas officers have recently died ac-cording to obituaries provided by First Dallas Alumni Club’s Judy Skelton. Gaines Paul (Paul) Alexander, 74, died June 17 in Dallas. He served as a data processing officer at First National for a number of years. After leaving the bank, he became a realtor in the Granbury area. He also served his country as a U.S. Navy officer. John Fred (Fred) LaGrone, 80, died May 29 after a lengthy battle with Alzheimer’s. At the time of his death, he was living in New Mexico, where his daughter, Christina Fulcher, had been caring for him. LaGrone, a board member of First Dallas Alumni Club, began his bank-ing career at First National in 1954 working in the operations area. Later, he became an assistant cashier in the personnel department, ultimately moving to trust where he served as a trust officer. He retired from FNB in the mid-1980’s after the merger with Republic Bank. LaGrone was known for his art; wa-tercolors were his forte. He was also a talented floral designer and loved interior as well as landscape design. Velma Lee Waters, 75, died June 15 at her son Randy’s home in Ovilla after a siege with ovarian cancer. She began her working career in the late 1950’s at First National in the opera-tions area. After a short break from banking, she returned to First Nation-al and worked in transit, rems, and adjustments. She was ultimately pro-moted to operations officer. She left the bank in 1980 and joined the Texas Credit Union League in Dallas, where she served as a manager. She was born July 21, 1937, in Trini-dad, TX, and remained Texan all her life, her final residence in Mesquite Q

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p e o p l epAYMeNTS

Dallas, TX-based SWACHA, one of the largest regional not-for-profit elec-tronic payment associations in the country, has announced that three new members have been elected to serve on its 15-member board of di-rectors. Dennis Simmons, AAP, presi-dent/CEO of SWACHA, made the an-nouncement. The new board members, who will serve three-year terms, are: • Jeffrey Foote, EVP of Broadway Bank in San Antonio. He joined Broadway Bank of San Antonio in 2011 with more than 23 years in the banking industry. In his current position, Foote oversees loan and deposit support, information technology, treasury operations, and eBanking functions, as well as manag-ing the bank’s core technology vendor relationships. He received a bach-elor’s degree in finance and manage-ment from Texas A&M University and an MBA degree from The University of Texas at San Antonio. • Woody Schick, president/CEO of Citizens National Bank in Bossier City, LA. A 40-year banker, Schick has served with Citizens for more than six years. He holds a BS degree from Northwestern State University and is a graduate of the Stonier Graduate School of Banking at Rutgers Univer-sity, the ABA National Commercial Lending School at the University of Oklahoma, and the Graduate School of Banking at Louisiana State University.• Peter Davey, AAP, vice president and director of Enterprise Payments of Capital One Bank in Richmond, VA. Davey will serve in the new SWACHA board capacity of advisory director. He has served with Capital One for more than six years and is responsible for cross-functional governance, risk, and strategy for its payment systems and processes. He has held leader-ship positions with the NACHA Coun-cil as well as the NACHA Payments Conference Planning Committee and the NACHA Product Innovation and Strategy Standing Rules Work Group, the board of regents for the Payments Institute, and the McKinsey Payment Operations and Strategy Forum Q

Foote, Schick and Davey Join SWACHA, Dallas, Board Investar Bank, Baton Rouge, has hired

Terry A. Rhoton Jr. as vice president and commercial banker to serve the lending, treasury management, de-posit, and other needs of businesses in the New Orleans area. He serves customers at the bank’s newly opened office at 500 Veterans in Metairie, its first in the New Orleans area. Rhoton joins Investar from Whitney Bank, where he served as vice presi-

Rhoton Named Vice Pres, Investar Bank in New Orleans

loUISIANA

dent of commercial banking for nine years. He also has served as a branch manager for AmSouth Bank, now Re-gions. A native of New Orleans, Rhoton received a BS degree in management from Tulane University. He has sup-ported the community as vice chair for the Jefferson Council on Aging and president of the Credit Association of Greater New Orleans Q

Page 6 BANKERS DIGEST July 22, 2013

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Lisa Davis has been promoted to assistant vice president and loan processing manager for Batesville’s The Citizens Bank, according to John Dews, president/CEO. Davis, who has eight years of bank-ing experience, joined Citizens in 2009 as a commercial loan processor for all commercial loans. In 2010, she was promoted to supervisor of the loan

Citizens Bank, Batesville, Ups Davis to Assistant Vice Presidentprocessing department and has con-tinued to process commercial loans. She graduated in 2003 from Lyon Col-lege in Batesville with a business ad-ministration degree. The Citizens Bank, established in 1953, is the largest financial institu-tion by market share in Independence County. The bank operates 10 fully-staffed offices in its five-city footprint Q

ARKANSASFirst Fidelity Ups Gilliam, Hires Williams, Featherstone

oKlAHoMA

Lee R. Symcox, president/CEO of First Fidelity Bank, N. A., Oklahoma City, has reported the promotion of Jenni Gilliam to banking officer and office manager of the Walmart in-store loca-tion in Moore and the hiring of Zach Williams as mortgage account execu-tive and Ryan Featherstone as com-mercial relationship manager. Gilliam has more than 25 years of retail banking experience with First Fi-delity Bank. She holds an associates degree in accounting from Rose State College. Williams has more than five years of lending experience. He will be re-sponsible for mortgage lending for Oklahoma City buyers, as well as de-velopment and retention of partner-ships with First Fidelity Mortgage clients and realtors. He holds a bach-elor’s degree in political science from Northwestern Oklahoma State Univer-sity. Featherstone joins the bank as an assistant vice president. He previously served as a loan officer for Oklahoma Fidelity Bank. He holds undergraduate and MBA degrees from Southwestern Oklahoma State University Q

Robin Joins Intrust Bank as Lender in Oklahoma CityAlice Robin has joined INTRUST Bank as a commercial lender in Oklahoma City. She previously served with Cop-permark Bank, Oklahoma City, for 15 years, most recently as a banking of-ficer and lender. Robin has 25 years of banking ex-perience. Her background includes mortgage, commercial, and energy lending services. She graduated from the Oklahoma Bankers Association’s commercial lending school and holds a degree from Mayville State College in May-ville, ND Q

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July 22, 2013 BANKERS DIGEST Page 7

N e W S W A T C H

Chickasha Bank & Trust Company an-nounced June 14 that it has been ac-quired by B.O.E. Bancshares Inc., the holding company which owns Liberty National Bank, both of Lawton. The announcement was reported in The Ex-press-Star newspaper’s website, http://chickashanews.com. Pending approval from regulatory agencies, B.O.E. Bancshares will ac-quire all of $180 million-asset Chicka-sha Bank, which operates five loca-tions across Grady, Caddo and McClain counties. A statement from Chickasha Bank confirmed it will retain its cur-rent name, and current employees will keep their jobs. Chickasha President/CEO Lindel E. Pettigrew will join the boards of directors for Liberty National Bank and B.O.E. Bancshares. Liberty National has assets in ex-cess of $250 million. The acquisi-tion of Chickasha Bank will take the holding company’s footings to $430 million, according to the statement. B.O.E. Bancshares, after the deal clos-es, will control nine locations across Southwest OK Q

BOE Bancshares, Lawton, to Buy Chickasha Bank & Trust

oKlAHoMA

ARKANSASMetropolitan National Bank, Little Rock, Acquisition by Dallas Investor Ford UpdateFord Financial Fund II, a $750 million investment fund recently organized by Dallas investors Gerald J. Ford and Carl B. Webb, offered $16 million for Little Rock’s $1.03 billion-asset Met-ropolitan National Bank stock held by Rogers Bancshares Inc., the holding company controlled by the heirs of Doyle Rogers Sr., who died February 4. The signing of a definitive agreement was reported in an announcement on July 5. According to an article by Gwen Moritz on arkansasbusiness.com, if all goes smoothly, the stock sale could be completed by early September. The article stated that Ford and Webb will be added to the five-mem-ber board of directors of Metropolitan National Bank, but no other changes in management are planned. In an article by Moritz dated July 15 on arkansasbusiness.com, the Ford Fi-

nancial Fund has offered to pay $16 million to Rogers Bancshares for its 99.75% of Metropolitan’s stock and to recapitalize the bank to meet federal regulatory requirements. Metropoli-tan had equity capital of $65.7 million as of March 31, 2013. Rogers Bancshares, which had a negative common equity of $22 mil-lion as of March 31, 2013, filed for

Chapter 11 bankruptcy on July 5 to fa-ciliate the bank stock sale. The hold-ing company has $25 million in 2009 TARP money on its balance sheet. The article also mentioned that the family of Doyle Rogers Sr. has a 26% ownership in Citizens Bancshares Inc. of Batesville, the parent of The Citi-zens Bank. Neither of these entities is caught up in the Rogers’ bankruptcy or the Metropolitan stock sale Q

Page 8 BANKERS DIGEST July 22, 2013

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Texas Regional Bank and Border Capital Bank to MergeHarlingen-based Texas State Bank-shares Inc. and McAllen-based Border Capital Group Inc. announced in June they have entered into a definitive agreement to merge Border Capital Bank, N. A., with Texas Regional Bank, Harlingen. As a result of the merger Texas Regional Bank will have eight banking centers in the Rio Grande Val-ley from McAllen to Brownsville and in Falfurrias, with assets in excess of $350 million and capital of more than $50 million. The combined organiza-tion will take the name Texas Regional Bank. Texas Regional, which began op-erations in May 2010, has locations in Brownsville, Harlingen, Falfurrias, and McAllen, and has assets in excess of $175 MM. Border Capital Bank, estab-lished in 1984 in McAllen, has since expanded to four locations in McAllen and Edinburg, with trust services, and assets in excess of $160 MM. The merger is subject to necessary regulatory and shareholder approvals, and is expected to be completed in the fourth quarter of 2013. Texas Regional Bank CEO Paul Mox-ley will continue as CEO. Border Capital President/CEO Joe Brown will become COO of Texas Regional Bank Q

TeXASCapital CDC Partners to Provide VetLoan Advantage

SBA leNDING INITIATIVe FoR VeTeRANS

Capital CDC, a non-profit certified de-velopment company (CDC) in Austin, TX, announced its partnership with the National Association of Develop-ment Companies (NADCO) and the Small Business Administration (SBA) in VetLoan Advantage, a strategic vet-eran lending initiative. NADCO and the SBA have com-mitted to increasing small business lending to veterans by 5% per year

for the next five years, for a total of at least $475 million in additional loan volume for veteran entrepreneurs. NADCO unveiled VetLoan Advantage at its annual meeting in San Diego, CA. VetLoan Advantage, which will complement the SBA’s efforts, offers discounts and other rebates on com-mercial real estate and working capi-tal SBA loans. In 2012, 10% of SBA 504 commercial real estate loans went to military veterans. VetLoan Advantage will boost that number. It is NADCO’s goal to have 40% of CDCs participate in the delivery of Vet-Loan Advantage discounts that repre-sent a value from $3,000 to $20,000 in direct savings to the qualified veteran loan applicant. The VetLoan Advan-tage is a voluntary program created in partnership with the SBA’s efforts to increase SBA 504 loans to veterans. Thomas Braasch, executive direc-tor of Capital CDC, said: “We want to help our veterans and our communi-ties by providing lower cost access to capital to fund start-up and existing businesses. This program will help veterans fund commercial real estate and equipment at a lower cost and help in their transition back into civil-ian life. The VetLoan Advantage will help Veterans, create jobs, and sup-port economic development.” Q

July 22, 2013 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 yArkansasMERGERS AND ACQUISITIONS The FEDERAL RESERVE BANK OF ST. LOUIS has filed an application by Home Bancshares Inc., Conway, to acquire through merger Liberty Banc-shares Inc., and thereby indirectly ac-quire Liberty Bank of Arkansas, both of Jonesboro. The FRB OF ST. LOUIS has filed an application by Centennial Bank, Conway, to merge with Liberty Bank of Jonesboro. The FRB OF ST. LOUIS has filed an change-in-control notice by BJO Lim-ited Partnerships, an AR Limited Part-nership, North Little Rock, to retain control of National Banking Corp., the parent of National Bank of Arkansas in North Little Rock, North Little Rock.LouisianaMERGERS AND ACQUISITIONS The FRB OF ATLANTA has filed an after-the-fact change of control notice filed by Louisiana Bancorp, Inc. Employee Stock Ownership Plan (ESOP), George Vernon Curry Jr., and Lisa Rae Whittington, the trustees of the ESOP, both of Metairie, to retain approximately 17.9% of the outstand-ing shares and to acquire additional shares not to exceed 24.9% of the shares of Louisiana Bancorp Inc. and its subsidiary, Bank of New Orleans, both of Metairie.OklahomaBRANCHES The OFFICE OF THE COMPTROL-LER OF THE CURRENCY has ap-proved an application by First Nation-al Bank of Oklahoma, Oklahoma City, to relocate a branch from 5625 North Western Ave. to 5101 North Western Ave., Oklahoma City.MERGERS AND ACQUISITIONS The FRB OF KANSAS CITY has filed an application by B.O.E. Bancshares Inc., Lawton, to acquire through its acquisition subsidiary, B.O.E. Chicka-sha Corp, Lawton, 100% of the vot-ing shares of Chickasha Bancshares Inc., parent of Chickasha Bank & Trust Company, both of Chickasha.

TexasCHARTERS The TEXAS DEPARTMENT OF BANKING has approved an applica-tion by Vantage Bank Texas, N. A., Refugio, to convert to a state-char-tered bank under the proposed name “Vantage Bank Texas” and to relocate its home office to 45 NE Loop 410, Ste. 500, San Antonio.BRANCHES The OCC has received an appli-cation by Capital One, N. A., McLean, VA, to relocate a branch from 2120 Thompson Hwy., Richmond, to 1306 Spacek Rd., Rosenberg. The OCC has received an appli-cation by Bank of America, N. A., Charlotte, NC, for a branch at 7775 S. Custer Rd., McKinney.MERGERS AND ACQUISITIONS The FRB OF DALLAS has filed a change-in-control notice by David C. Hernandez, as proposed trustee of the R.L.H. 2011 SGB Trust, Dallas, the general partner of Southwest Banking Partners, L.P., Dallas, to acquire control of greater than 25% of Strategic Growth Bank Inc., El Paso, and indirectly, Capi-tal Bank, SSB, El Paso; Bank of the Rio Grande, Las Cruces, NM; Mile High Banks, Longmont, CO; and First Na-tional Bank of Santa Fe, Santa Fe, NM. The TXDB has approved an appli-cation by The First State Bank, Halls-ville, to merge with Mt. Pleasant In-terim Company, Mt. Pleasant Q

1 4 8 O O S T M A R Y ’ S L N • S U I T E 1 2 O • H O U S T O N , T X 7 7 O 7 9W W W . M G A R C H I T E C T S . C O M • 7 1 3 - 5 5 2 - O 7 O 7

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peopleFederal Reserve Governor Duke to Resign August 31

Elizabeth (Betsy) A. Duke submitted her resignation July 11 as a member of the Board of Governors of the Federal Reserve System, effective August 31, 2013. Duke, who joined the board on Au-gust 5, 2008, submitted her letter of resignation to President Obama. She has made no announcements about her future plans. She was appointed to the board by President George W. Bush to fill an un-expired term that ended January 31, 2012. During her tenure she served as chair of both the Committee on Con-sumer and Community Affairs and the Subcommittee on Supervision and Regulation of Community and Small Regional Banking Organizations. Before joining the board, she was senior EVP/COO of TowneBank, a VA-based community bank. Prior to that, she served as an EVP at Wachovia Bank, an EVP at SouthTrust Bank, and president/CEO of Bank of Tidewater, Virginia Beach, VA. The Independent Community Bankers of America® (ICBA) praised Duke as “a stalwart supporter for Main Street financial institutions” in sup-porting initiatives to help minimize regulatory burden and pursuing ac-commodations in Basel III regulatory capital rules Q

Page 10 BANKERS DIGEST July 22, 2013

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MARKET PRESIDENT for small community bank in South Texas. Will consider good senior lender for this great opportunity to grow. Sha-ron Emiliano, Babich & Associates, Sharon@babich.com, 214-823-9999 #306, www.babich.com.

BANK RECRUITER needed for staffing company. Career banker with good sales experience needed to continue to grow the banking department. Sha-ron Emiliano, Babich & Associates, Sharon@babich.com, or call 214-823-9999 #306 for additional details.

VP/SVP COMMERCIAL LENDING. Dallas or Houston. Base 120-145. CRE and C & I. Please call Kevin at 214-823-9999 x309 or send resume to Kevin@Babich.com

CHIEF FINANCIAL OFFICER: Texas bank seeks high-integrity CPA bank-er from similar top-performing bank culture possessing strong experi-ence with GAAP, A/L, Cost Segmenta-tion, Branch Allocation, Budgeting, Forecasting, Securities. Mark Mitch-ell, Lone Star Search, 972.335.9009, www.lonestarsearch.net.

July 22, 2013 BANKERS DIGEST Page 11

level. Market based salary, gener-ous performance bonus, and ben-efits. Farmers & Merchants Bank has other locations in De Leon, Brownwood-Early, and opening next month in Stephenville. Send resume to HR-Dept@fmbank-tx.com or email to arrange a confiden-tial pre-interview by telephone.

COMMERCIAL LENDER: Unity Na-tional Bank of Houston, TX, is seeking a strong Commercial Lender, Senior VP Level. Must have a minimum of 10 years banking commercial lending experience, strong Credit skills, for-mal credit training. Competitive sal-ary with benefits including 401k. Only qualified applicants will be consid-ered for this position. Please e-mail resume and salary requirements to NOTE CORRECTED EMAIL: ubank@unitybanktexas.com.

Strong Texas Gulf Coast Bank seeks a LOAN ADMINISTRATOR. We are a 400M+ bank with 7 branches. Loan administrator is responsible for ad-ministration of the loan portfolio as it relates to the note department and credit analysis and provides risk man-agement support to the Senior Loan Officer. Minimum of 10 years com-mercial and consumer lending expe-rience required. Please send resume and salary requirements to: jharris@fcbot.com.

COMPLIANCE OFFICER: Federal Re-serve Bank of Dallas seeks an individ-ual with strong knowledge of Consum-er Affairs laws and regulations with 10+ years in banking and/or regulato-ry industry. Five years leading others also required. For additional details: http://www.dallasfed.org/microsites/careers/careers.cfm.

COMMERCIAL LENDER: Communi-ty Bank position in East Central Tex-as will inherit portfolio and great career path. Mark Mitchell, Lone Star Search, 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 bankers digest@bankersdigest.com, subject line Box D-5.

BRANCH MANAGER/COMMERCIAL LENDER needed for $375 MM in-dependent community bank in West TX. Candidate would inherit a loan portfolio in the local area. Commer-cial lending experience and proven leadership skills are required. A competitive salary with benefits of a Matching 401K plan and health insurance are provided. Please send re-sume to bankersdigest@bankersdigest.com, subject line Y-4.

BANK SECURITY EQUIPMENT SALES: Growing company seeking self-starting AREA SALES MANAG-ER based in San Antonio selling to banks and credit unions the com-pany’s CCTV systems, physical secu-rity equipment, alarms, and service contracts. Excellent benefits, train-ing, and support from this Dallas-based company. See securitytexas.com and iris-dvs.com. Experience in this field is required, college pre-ferred, and computer, writing, and speaking skills are required. E-mail dwood@securitytexas.com.

State National Bank of Texas has an opportunity for an ASSISTANT CA-SHIER/CONTROLLER at our Iowa Park location. Successful candidate must have 5 years banking/account-ing experience including Cost Seg-mentation, Branch Allocation, Bud-geting, Forecasting & Securities. Send Resume with salary require-ments to bankersdigest@bankers-digest.com, subject line Box Y-5.

MARKET PRESIDENT, Eastland Texas. We are seeking someone ready to become a part of this dy-namic small city on IH-20, to de-velop relationships, and to grow our business. The right individual will have a solid lending background with either managerial experience or is now ready to move up to that

First United Bank - LUBBOCK is seek-ing a full time LOAN REVIEW ANA-LYST to join our team. Responsibili-ties include reviewing the bank’s loan portfolio to assess the asset quality, identify problem loans, and ensure compliance with bank and regulatory policy. Requirements: Previous loan review, credit analysis, or lending ex-perience. Email resume to: sorr@firstunited.net or Mail resume to: PO Box 16500, Lubbock, TX 79490.

EQUIPMENT

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

FOR SALE: Opteva 750 – Advanced-function, Island Drive-Up ATM. ADA compliant. Contact 580-222-8080 for details.

For Sale or Lease: Modular Bank Buildings. Immediately available, 14’x66’ or 24’x66’. Texas coded fa-cilities. Banking equipment Includ-ed along with drive thru. Contact Clint Werts at 888-800-8866, info@nabsinc.com.

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.

Branching?TEMPORARY AND MODULAR BANKING FACILITIES

Temporary and Modular buildings equipped with all bank equipment; night depositories and pneumatic tube systems. BR window and Deal drawer.

National Modular Bank Buildings2810 Lawing LaneRowlett, TX 75088

Call Myrna 1/800-615-7320www.modularbank.comEmail:myrna@modularbank.com

Your ad could appear here!

Simply email your ad tobankersdigest@bankersdigest.com

Page 12 BANKERS DIGEST July 22, 2013

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PERIODICAL

FEATURE (continued from Page 3)

and grow TBV faster. In 2012, banks with a real estate concentration of lessthan 60% earned as much as 90 basis points more on assets than peers more concentrated in real estate. Community banks, in particular, are more heavily concentrated in real estate by their very nature. The recent crisis points out the limits to this busi-ness philosophy, however, and should prompt some soul searching at the board level on how to avoid putting all the bank’s eggs in lower margin bas-kets. Commercial and industrial loans

along with consumer lending have risks, to be sure, but prudent diversification into these areas offer opportunities for higher margins, more fee business, and more low cost deposits, all of which in-crease a bank’s overall valuation.

THE ROLE OF THE BOARD Driving shareholder value, whether on an ongoing basis or in a sale, is the key rationale for running the bank in the first place. Boards should aggressively work on all fronts to drive earnings, drive efficiency, drive margin, and drive value. This is hard work and not without risks. But managing risk is central to a

bank board’s obligations. Setting limits and managing tradeoffs within the mar-ket environment should be active rather than passive board activity. This work is hard and requires careful planning and execution. But the benefits to boards, management and—importantly—shareholders, of such efforts are considerable. Lee’s comments are strictly his views and opinions and do not con-stitute investment advice. This article was originally published on BankDirec-tor.com (www.bankdirector.com) and has been republished with permission Q