Wilds and Massey Open Dallas, TX, Office, BancorpSouth ... · Wilds and Massey Open Dallas, TX,...

BancorpSouth Bank, Tupelo, MS, sub-sidiary of $13.3 billion-asset Bancorp-

South Inc., has opened a loan/deposit pro-duction office at 14841 North Dallas Pkwy., Ste. 135, Dal-las, TX. Bancorp-South’s Dallas team consists of Thomas Wilds, market

president; Joseph Massey, senior vice president and commercial lender; and Kathy Loredo, senior loan adminis-trative assistant. Wilds is a 37-year veteran of the financial services industry. Over the past eight years, he served with re-

Volume 146, No. 16April 27, 2015 www.bankersdigest.com

Published weekly on Mondays except fifth Mondays

The Arkansas Bankers Association has announced its 125th annual conven-tion is set for May 6-8 in downtown Lit-tle Rock. The activities will take place in the Statehouse Convention Center and the Little Rock Marriott. The convention begins on Wednes-day, May 6, with an opening reception and PAC silent auction. The always popular "Day with the Commissioner" is set for after breakfast on Thursday. Bank Commissioner Can-dace Franks will offer remarks about the condition of AR banking. Sched-uled speakers include: John Ryan, Con-ference of State Bank Supervisors; Ju-lie Stackhouse, Federal Reserve Bank of St. Louis; Gary Beasley, FDIC; and Joshua Siegel, StoneCastle Partners. The Honorable Governor Asa Hutchi-

Wilds and Massey Open Dallas, TX, Office, BancorpSouth Bank, Tupelo, Mississippi

Longtime Hot Springs, AR, resident David Wooldridge leads a team of

local bank-ers who have helped open the first Citi-zens Bank, B a t e s v i l l e , branch near the Hot Springs Mall and are al-ready open-ing a second branch on Air-

port Rd. He said, “We have had a great re-lationship with our customers in Hot Springs for several years and now we have two new addresses – 4429 Cen-tral Avenue and 150 Airport Road,” Wooldridge, Hot Springs market president, has held executive posi-tions at Merrill Lynch and Stephens Inc. For the past six years, he served with Southern Bancorp in the Hot Springs area. He earned a BBA degree from Henderson State University in Arkadelphia. Wooldridge is supported by SVP Brad Taylor; VPs Blake Cansler and Kristi Powal; Airport Road Retail Manager Mickey Miller; loan assis-tants Andrea Murry, Annette Shep-herd, and Lalainya Shipp; customer service representatives/tellers Whit-ney Graham and Ashley Yancey; and teller Jess Milam Q

gional lender Prosperity Bank as president of its Abrams Centre office

in Dallas. He is a gradu-ate of Wash-burn Univer-sity and of the ABA School of Banking at Lincoln, NE. Massey has over 18 years of financial services expe-rience. During

the past eight years, he served as bank-ing center president at Prosperity Bank in McKinney, TX. He is a graduate of The University of Texas at Dallas. Loredo has 32 years of financial services experience with regional and national banks in TX Q

Wooldridge Leads Citizens Hot Springs

Wooldridge

MERGERS: The Softer Side of M&A, Part 2Feature..............................................3

In This Issue...

Wilds Massey

Arkansas Bankers to Gather in Little Rockson has been invited to offer remarks. The lunch in the trade show features BKD Milestones in Banking Awards. The association's annual business meeting with officer elections follows. Afternoon education sessions fea-ture Lee Wetherington, Jack Henry & Associates, who will speak and lead an IT panel discussion. Sanjay K. Bhasin, Federal Home Loan Bank of Dallas, will offer re-marks, followed by an evening Chair-man’s Reception and DD&F Legacy of Leadership ABA annual banquet and officer installation. Friday morning includes the tra-ditional Simmons Bank Strawberry breakfast, association reports, and keynote speaker James Olson, former chief of CIA counterintelliegence Q

BANKERS DIGEST April 27, 2015

John Mason has been appointed se-nior vice president and commercial

lender at Texas Gulf Bank, N. A., Freeport. He will office in the Friendswood lo-cation at 1003 S. Friendswood Dr., focusing on expanding the bank’s commercial client base in the

greater Houston/Galveston area. Rich Jochetz, bank president, said in a news release that Mason has close to 10 years of experience in financial management Q

Ken Burgess Jr., chairman, and Jay Isaacs, president, FirstCapital Bank

of Texas, Mid-land, announced Scott Nelson as the new Midland market president. Nelson goes to FirstCapital with over 25 years of banking and bank management ex-perience. The na-

tive of Big Spring grew up in the com-munity banking environment as the son of a community bank CEO. After graduating from Texas Tech Universi-ty, he began his career with the Texas Department of Banking as a field bank examiner. He has served the major-ity of his career in community bank-ing in the Lubbock, Big Spring, New Braunfels, and Midland markets. Nelson takes experience to First-Capital’s already strong commercial banking team and will help further develop FirstCapital’s presence in the Midland community, according to a bank news release Q

Lone Star Capital Bank, N. A., San An-tonio, has announced the recent hir-

ing of MO-native Alan Chitwood as a commercial loan officer and senior vice president. He will be responsible for business devel-opment with vari-ous types of loans. His primary duty will be to help

grow the Dripping Springs branch at 401 E. Hwy. 290 W. and belong to the community. Chitwood has over 30 years of bank-ing experience, with an emphasis in commercial and small business lend-ing and credit analysis. He graduated from Southwest Missouri State Uni-versity in Springfield with a BS degree in business management Q

P E O P L E TEXAS

Lone Star Capital Taps Chitwood SVP/Lender

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Chitwood

Nelson is Midland Mkt President, First Capital

Nelson

In This Issue...

MERGERS: The Softer Side of M&A, Part 2 Feature..............................................3

Newswatch......................................8

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

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

Stan Davis has joined The National Bank of Texas, Fort Worth, as senior vice president and market president at the Hurst location at 2080 Precinct Line Rd. Davis has more than 40 years of financial services experience in all ar-eas of banking. He joins The National Bank of Texas from Denton’s North-star Bank, where he most recently served as market president in Hurst for predecessor Community Bank. He attended Texas A&M University and holds a bachelor’s degree in finance from Texas Wesleyan University Q

Davis Joins National Bank of Texas in Hurst

Mason Appointed SVP, Texas Gulf Friendswood

Mason

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geographically separated organiza-tion. A best practice is to evaluate your current procedures as well as the acquired bank’s procedures and use work groups during the integration process to develop procedures that work for the new, combined organiza-tion. Foster an “it’s not your way, or their way, but rather the best way” ap-proach to integration with participa-tion of employees from both banks. Not only will everyone be more likely to understand how things are going to be done, but they will also be more

M E R G E R SBy Debi Barnes, PrincipalDD&F Consulting Group

Little Rock, AR

(continued on Page 9)

Part 2: The Softer Side of M&AM&A is a hot topic in today’s banking environment. How to make sure an acqui-sition is successful is at the top of every ex-ecutive’s mind. Debi Barnes, a principal with DD&F Consult-

ing Group of Little Rock, AR, works with banks across the nation on acquisitions and has found that many times banks fail to fo-cus on what she refers to as “the softer side of M&A.” Part 2 of this article highlights the final key points that all executives should consider regarding employees when they are making an acquisition. 4) On the job training (OJT) doesn’t work. Written procedures and ongo-ing training is essential. You cannot assume employees will know what to do or learn from word-of-mouth com-munication and training. Even if you tell them, old habits die hard and, without written guidelines and prop-er training, they will go back to their old routines if possible. This is true in your current organization, and it is ab-solutely true in an acquisition. Poor or nonexistent procedures for everything from how to handle NSFs to opening new accounts to putting loans on the books will create inconsistencies in how your bank operates. These in-consistencies create the potential for an adversarial “us vs them” situation between the legacy employees and the acquired employees that can be hard to overcome. It may have worked before, but factor in new employees working with new systems for a new bank and this spells d-i-s-a-s-t-e-r. If your bank is an acquirer, this is the perfect time to make sure you have written policies and procedures in place that are scalable to a new, larger organization, and a planned training program to go with it. Don’t assume that the way you’ve always done it will work in a larger, perhaps

engaged and willing to adapt to the changes that are necessary.

5) Not making tough and timely deci-sions regarding employees and man-agement is a decision, A BAD deci-sion. It’s hard to tell someone he/she won’t have a job, but in the long run, it is usually the best thing you can do in an acquisition. In fact, the sooner the better. Your acquisition communi-cation plan should develop a strategy for timely communication with vari-

F E A T U R E

Debi Barnes


The Federal Reserve Bank of Dallas has promoted Keith Phillips to assis-

tant vice president at its San Antonio Branch. Phillips is re-sponsible for the Dallas Fed’s TX employment fore-cast and serves as a contributing member of the Western Blue Chip

Economic Forecasting Group. Previously, Phillips served as re-search officer and senior economist. He joined the Dallas Fed in 1984 as an economic analyst in the Research Department. In 1996, he moved to the San Antonio Branch to enhance re-gional economic coverage and better serve the South Texas community. He holds a doctorate in economics from SMU Q

P E O P L E TEXAS

Audit Expert Marrs Joins Happy Bancshares BoardJ. Pat Hickman, president/CEO of Hap-py State Bank, Amarillo, announced Frank O. Marrs has been elected to the board of directors for Happy Banc-shares Inc., the holding company for the Happy State Bank & Trust Co. Marrs is CEO/co-founder of Gupton Marrs International, a performance enhancement and risk management solutions firm based in White Plains, NY. He has served in that role since 2001. Prior to co-founding Gupton Marrs International, he served as an accounting and auditing partner with KPMG for more than 20 years, serving on KPMG’s management committee as vice chairman of audit and leading the development of Business Mea-surement Process, the firm’s industry-leading risk-based audit process. Marrs holds a BBA degree in ac-counting from West Texas A & M Uni-versity in Canyon and is a CPA. He has served on several AICPA (American In-stitute of CPAs) subcommittees and co-authored Auditing Organizations Through a Strategic-Systems Lens, which received the Joint AICPA/AAA Collaboration Award Q

Tarrant County’s Worthington Nation-al Bank announced the hiring of Scott

Brandt as vice presi-dent for the Col-leyville office at 4814 Colleyville Blvd. He will focus on com-mercial lending and servicing customer relationships, said Greg Morse, CEO of Worthington Na-tional Bank.

Brandt is an experienced lender with more than 25 years of lending and new business development experience in both commercial and retail lending. Prior to joining Worthington National Bank, he served as senior vice presi-dent and Colleyville branch manager for NorthStar Bank of Texas. He has also served at Farmers & Merchants, Summit Bank, Bank One Texas, and Barclays American. Brandt holds a BBA degree from Texas Tech University, where he was the founding father for the Delta Chi chapter. He is active in the community as a youth sports coach and as president of the Birdville Football Booster Club. He helped create a program that has

Legend Bank, N. A., Bowie/Fort Worth, has announced the appointment of two of its executive officers, Jay Bearden and Toni Lucky, as advisory directors to the board of directors. Bearden has over 23 years of expe-rience in lending and management, and currently serves as Legend’s chief lending officer. He graduated from Baylor University with a BBA degree in finance and management and from the SWGSB at SMU, with distinction in academics and leadership. Lucky has over 34 years of pro-fessional experience in bank opera-tions and management, and currently serves as Legend’s chief operations officer. She received a BBA degree in finance from The University of Texas at Arlington. Legend Bank has nine bank loca-tions throughout North TX with total assets over $625 million. The bank serves the people and businesses in and around Alvord, Bonham, Bowie, Decatur, Fort Worth, Henrietta, No-cona, Whitesboro, and Wichita Falls Q

Brandy Joins Worthington National in Colleyville Office

Brandt

awarded 15 scholarships to student ath-letes and raised $10,000 for helmets Q

Legend Bank Taps Bearden, Lucky Advisory Directors

Phillips

REGULATORSPhillips Is AVP, San Antonio


of Banking at SMU in May. Knott joined the bank in 2012 as an enterprise risk management co-ordinator in the risk management division and re-located to the administrative di-vision in May of 2012. She holds a BBA degree from The University of Texas at Dallas. McGuire has worked in the op-erations area of the trust and invest-ments division for the past 22 years.

Texas Bank and Trust Company, Longview, has reported recent promo-tions, according to Rogers Pope, chair-man. Breneda Mathis was promoted to senior vice presi-dent and branch manager, Chris Hendricks to se-nior vice president and network operations supervisor, and Jon Cromer to vice president in the commercial lending department. Also promoted were Kimberly Knott to assistant vice president, Judy Mc-Guire to assistant vice president and trust officer, Shannon Beadle to ad-ministrative officer, payroll and ben-efits manager, and James Williams to administrative officer and operations manager, Pine Tree Lobby and Pine Tree Convenience Center. Mathis joined the bank in 2003 as vice president and lending officer. She currently manages the North Longview branch. She has worked in banking since 1980, with experience in consumer and commercial lend-ing. She attended Kilgore College and East Texas State University. She holds a general banking diploma from the American Institute of Banking and from Harding University for Leader-ship in Financial Services. Hendricks joined the bank in 2000. Voted Employee of the Year in 2001 by the bank’s officers, he currently works in the technology division as network operations center supervisor, oversee-ing technology support and mainte-nance. He holds A+, Inet+, Network+, Microsoft Certified Professional, and SANS GIAC/GSEC certifications. Cromer joined the bank in 2012 as an investment analyst in its trust di-vision. He transferred to the lending division in 2013 and currently serves as a commercial lender. He holds an MBA degree from LeTourneau Uni-versity and undergraduate degrees in economics and interdisciplinary stud-ies from The University of Texas at Ar-lington. He will begin his second year in the Southwestern Graduate School

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HendricksMathis

Mathis, Hendricks Are SVPs, Others Promoted at Texas B&T in LongviewShe assists in supervising all aspects of trust operations. Beadle has been employed in human resources since 2010. She manages the payroll processes and employee benefits for the bank’s 450 employees. She earned a BSBA degree from Northwestern State University and has completed the Hu-man Resource Management School through the Graduate School of Banking at the University of Wisconsin-Madison. She has a PHR certification through the HR Certification Institute and a SHRM-CP certification through the Society for Human Resource Management. Williams joined the bank in 2009 Q


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ARKANSASLOUISIANAHome Bank Welcomes McBride as Mortgage Lender Simmons FN Corporation

Appoints Three DirectorsHome Bank, Lafayette, has announced that Monique McBride has joined the company as assistant vice presi-dent and mortgage loan originator. She has over 15 years of experience in mortgage lending and processing, most recently with Teche Federal Bank in Lafayette. In her new position at Home Bank, she will be based in the Broussard of-

fice location and will serve the mort-gage needs of Lafayette and the sur-rounding communities. McBride is a member of the Aca-diana Home Builders Association, the Acadiana Mortgage Lenders Associa-tion, and the Realtors Association of Acadiana Home Bank operates 27 locations across South LA and western MS Q

Simmons First National Corporation, Pine Bluff, announced the appoint-ments of Mark C. Doramus, Christo-pher R. “Chris” Kirkland, and Joseph D. “Joe” Porter to its board of direc-tors, according to George A. Makris Jr., chairman/CEO. Doramus is CFO of Stephens Inc., an independent financial services firm headquartered in Little Rock. Dora-mus joined Stephens Inc. in 1988 and worked in the corporate finance de-partment prior to becoming assistant to the president in 1994 and subse-quently being named CFO in 1996. He is a CPA. Kirkland serves as principal of An-chor Investments, a Nashville, TN-based real estate investment com-pany with a strategic focus to acquire, develop and manage commercial properties in the southeast US. Kirkland previously served as a di-rector of Union City, TN-based Com-munity First Bancshares, Inc., which was acquired by Simmons First Na-tional Corporation in February 2015, and currently serves as a director of First State Bank, which is an affili-ate bank of Simmons First National Corporation and is headquartered in Union City. Porter is president of Akin Por-ter Produce, Inc., a leading distribu-tor of fresh wholesale produce based in Greenfield, TN, with operations in Florida, Michigan, Georgia; and Mex-ico. Porter has more than 35 years of produce broker experience. Porter previously served as a direc-tor of Community First Bancshares, Inc., which was acquired by Simmons First National Corporation in February 2015, and currently serves as a direc-tor of First State Bank, which is an af-filiate bank of Simmons First National Corporation and is headquartered in Union City. Simmons First National Corpora-tion is the financial holding company for Simmons Bank, also headquar-tered in Pine Bluff, with total assets of $7.6 billion and conducting financial operations throughout AR, KS, MS, and TN Q


Veteran energy and financial services industry executive Larry D. Sweet has been elected a director of the First National Bank & Trust Co. of Broken Arrow, according to Chairman Gregory S. Graham.

A native of Broken Arrow, Sweet earned a BS degree in petroleum en-gineering from the University of Tulsa in 1971. Since 1988, Sweet has owned and served as president of NM&O Operat-ing Co. and Xanadu Exploration Co., both based in Tulsa. He has operated a consulting company since 1985. His resume also includes senior management positions with Bank of Commerce & Trust Co., Bank of Okla-homa, and the First City National Bank of Houston, as well as engineering po-sitions with Atlantic Richfield Co. Q

P E O P L E

Williamson Promoted to AVP, Valliance in Oklahoma City

ThomasSweet

Thomas Promoted to Assistant Vice President in Ardmore

OKLAHOMA

Valliance Bank, Oklahoma City, has announced the promotion of Nicole Williamson to assistant vice president and accounting manager. Williamson has served in the bank-ing industry for 10 years and has been a Valliance Bank employee since 2007. She graduated cum laude from Oklaho-ma City University with a BS degree in business in 2002 and also earned the Accredited ACH Professional designa-tion in 2013 Q

Nathan Thomas has been promoted to assistant vice president at Ameri-can National Bank in Ardmore. He began his banking career with ANB while still in high school. Thom-as studied broadcasting at Evangel University and after a brief career as a sports reporter in MO, he returned to Ardmore to accept a position with ANB.

Shortly thereaf-ter, he was named manager of the Homeland Bank-ing Center at 205 N. Commerce in Ardmore. He is active volunteer in the Ardmore community Q

Sweet Elected Director, First NB of Broken Arrow

ARIZONA

Arizona Department of Financial In-stitutions Superintendent Lauren Kingry has been appointed to the Federal Financial Institutions Exami-nation Council (FFEIC) State Liasion Committee for a second two-year term through March 31, 2017. His first two-year term began April 1, 2013. Kingry has served as the 28th Super-intendent since April 5, 2010 Q

Kingry Reppointed to FFIEC


N E W S W A T C H

Commerce Street Capital, LLC (CSC), a Dallas, TX-based investment bank-ing firm, served as financial advisor to The Landrum Company Inc. on its re-cent placement of $22,451,230 in com-mon stock. The Landrum Company is headquartered in Columbia, MO, and is the holding company for Landmark Bank, also based in Columbia, which has more than $2.1 billion in assets. This announcement was made by Dory Wiley, president/CEO of CSC. CSC’s Bank Capital Group Manag-ing Director Charlie Ingram was the lead financial advisor to The Landrum Company and was assisted by Manag-ing Director Dennis Kirkpatrick and Senior Vice President Chris Meadows. The Landrum Company currently operates 41 full-service banking of-fices throughout central and southern MO and the Texoma region (34 bank-ing and ATM locations in southern OK and North TX). The bank traces its his-tory back almost 150 years and is the successor of Exchange National Bank, chartered in 1865, making it one of the oldest federally chartered banks west of the Mississippi River. The Landrum Company also offers mortgage bank-ing, investment management, and trust services Q

Frisco’s Texas Republic Bank Presi-dent/CEO David Baty reported that SNL Financial has named the bank, for the second year in a row, to its ex-clusive list of Top 100 Best Performing Community Banks in the U.S. for 2014. The bank achieved the ranking of #59 in the top 100 Best Performing Com-munity Banks in the U.S. (banks under $500 million in asset size), up from its #65 ranking in 2013. Significantly, Tex-as Republic Bank was the only bank in the DFW Metroplex, for the second year in a row, to make this top 100 list. Furthermore, for the second year in a row, it was the only bank in TX located in a major metropolitan area, to make the list. Only 11 banks in TX made the top 100 list in 2014. According to SNL Financial, a total of 5,150 banks in the U.S. are in the under $500 million asset size catego-ry, which places Texas Republic Bank in the top 1% of community banks in the country, in terms of the measured performance criteria. The metrics used by SNL to determine the rankings in-cluded ROA, charge off ratio, efficien-cy ratio, asset quality, NIM, and loan growth rates. Texas Republic Bank reports over $142 million in assets Q

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Heartland Financial to Buy Community Bank in Santa FeHeartland Financial USA Inc., Dubuque, IA, announced on April 16 that it has entered into a definitive merger agreement with Community Bancorporation of New Mexico Inc., parent company of Community Bank in Santa Fe. According to terms of the agreement, Heartland will acquire Community Bancorporation in an all cash transaction valued at approxi-mately $11.3 million. The transaction is subject to ap-provals by Community Bancorpora-tion shareholders and bank regulatory authorities, and is expected to close during the third quarter of 2015. Under terms of the merger agree-ment, which has been unanimously approved by the boards of directors of both companies, and simultane-ous with closing of the transaction, Community Bank will be merged into Heartland’s New Mexico Bank & Trust subsidiary, based in Albuquerque. At December 31, 2014, Community Bank had assets of approximately $181 million, loans outstanding of $108 million, and deposits of $154 million. In addition to its main office in Santa Fe, Community Bank operates branch offices in Espanola, Los Alamos, Tier-ra Amarilla, and Albuquerque. The transaction solidifies New Mexico Bank & Trust’s presence in Santa Fe, and opens up new markets in Espanola and Los Alamos. Community Bank was established in 1994 when a group of local Santa Fe people purchased El Pueblo State Bank in Espanola, which had been chartered in 1973. The bank was re-branded Community Bank in 1995. Offices in Albuquerque, Los Alamos, and at the Wal-Mart in Espanola were opened in 1999. The bank’s president/CEO is Anne W. Honstein. President/CEO of the holding company and holding com-pany chairman is James A. Kruger. New Mexico Bank & Trust is a com-munity bank with assets over $1.1 bil-lion and 14 banking centers located in Albuquerque, Los Lunas, Rio Rancho, Santa Fe, Clovis, and Portales Q


F E A T U R E

ous groups of people, including: • Employees you want and/or need to retain, such as that stellar loan officer or branch manager. They are the ones your competitors will go after first.• Employees you need to retain through data conversion because of their knowl-edge of the acquired bank’s systems. • Employees of the acquired bank that you do not need nor want to retain from the date of closing.• Management (and board members) with perceived community influence.An acquisition is an opportunity to reap the benefits of retaining valuable individuals who can strengthen your organization, even when you have to rearrange your own organization chart. It is potentially damaging to the suc-cess of the acquisition when needed adjustments to job responsibilities, job titles, and lines of authority are not made and communicated for fear of hurt feelings or perceived negative consequences. This reluctance creates fodder for distrust, territorialism and poor morale. Be committed to making your staff-ing decisions and defining your new organization based upon a fair and honest assessment of the staff of both banks and what is best for the new, combined entity going forward. As soon as possible, communicate these decisions to all employees so they

know and understand how the new structure will work and where they will fit (or not fit) into the organization. Although much of this communica-tion may be confidential (conveyed by one-on-one conversations, not an email), how and when you will com-municate and execute these sensitive issues should be a part of your acqui-sition communications plan.

6) Employee cultural integration is a process, not an event. Often bank-ers focus on the acquisition itself and once the new organization chart is completed, and technology and core systems are consolidated, they breathe a sigh of relief that the bank is “integrated.” Nothing could be fur-ther from the truth. The real truth is that with every acquisition there are winners and losers, regardless of what you call it. Employees figure this out quickly, so it is important to begin the process to neutralize a negative mentality as soon as possible. I use the word “process” because when it comes to the employees, it takes time to combine two separate entities and belief systems into one “culture”. Companies that understand this and have had success in building a unified culture say that they expect it to take 2-3 years to fully integrate two cul-tures, even with sustained effort.

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 ap-proved an application by U.S. Bank, N. A., Cincinnati, OH, for a branch at 43rd and Northern Fry’s, 4329 W. Northern Ave., Glendale.TexasBRANCHES The OCC has received an applica-tion by BTH Bank, N. A., Quitman, for a branch at 3805 N. Spur 63, Longview. The OCC has received an applica-tion by Mercantil Commercebank, N. A., Coral Gables, FL, for branch relo-cation: from 717 Texas Ave., Ste. 100, to 700 Town and Country Blvd., Ste. 100, Houston. The OCC has received an applica-tion by Wells Fargo Bank, N. A., Sioux Falls, SD, for a branch relocation: from 1150 E. Main St. to 104 S. Upshaw Blvd., Robstown. The TEXAS DEPARTMENT OF BANKING has approved an applica-tion by Happy State Bank, Happy, for a branch at 525 Ridgmar Blvd., Fort Worth. The TXDB has approved an appli-cation by Westbound Bank, Katy, for a branch at 244 S. Loop 336 W., Conroe. The TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LEND-ING has received an application by Integrity Bank SSB, Houston, for a branch at 808 Katy Fort Bend Rd., Katy.MERGERS AND ACQUISITIONS The OCC has received an applica-tion for a change in control involving The First National Bank of Stanton, Stanton. Purchaser is Carolyn Stone and Gordon C. Stone. The OCC has reported an applica-tion for a non-affiliate merger/combi-nation by First National Bank of Mc-Gregor merging with Oglesby State Bank, Oglesby, with the resultant in-stitution First National Bank of Mc-Gregor was effective April 10 Q

(continued on Page 12)

MERGERS (continued from Page 3)

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AUDIT OUTSOURCING. We provide audit services for ACH, BSA and Internal Controls. Over 25 years banking experience and AAP ac-credited. Contact Frances Ramsey at 903-241-6717 or email [email protected]

POSITIONS AVAILABLE

DALLAS/FORT WORTH SENIOR LENDER with opportunity to be-come President. Must be currently working as a lender. Send resume to [email protected] or call 469-223-9885 or 972-802-7638 for additional information.

MORTGAGE & CONSUMER LEND-ING OPERATIONS MANAGER (Un-derwriting, Processing and Compli-ance). San Antonio. [email protected], 214-515-7606.

SENIOR COMMERCIAL LENDER needed for a bank in Hansford County, TX. Must have over 8+ years experience. Path to Bank President. Call Elizabeth at 214-515-7609 or send resume to [email protected]

MANAGEMENT SUCCESSION: New Mexico Community Bank seeks gen-eralist lender to eventually become President. Candidates with small-town backgrounds from NM or West Texas preferred. Mark Mitchell, Lone Star Search, 972-335-9009, lonestarsearch.net

EXPERIENCED LENDER – Boswell, OK: First Texoma National Bank is seeking a lender with a minimum combined experience of 3-5 years in agricultural and small commer-cial loans. Have the willingness to live in a small town environment. Must be able to show experience in underwriting without a scoring system. Must have a proven track record of strong credit, collection, and management skills, as well as marketing and community partici-pation. The right candidate must be willing to relocate to Boswell, OK. Please send resume and salary re-quirements to Art Stauffer, P.O. Box 309, Durant, OK 74701. EOE.

Prosperity Bank, a $21B institution headquartered in Houston, is look-ing to expand the Internal Audit de-partment with positions throughout Texas and OK. We have the follow-ing opportunities available: COM-PLIANCE AUDITOR, IT SENIOR AUDITOR, SENIOR and INTERNAL AUDITOR positions (financial/op-erational). Please see prosperity-bankusa.com under Careers for details and locations. AA/EOE/Vet-erans/Disabled employer.

RecRuitment Wage & SalaRy adminiStRation

incentive compenSation BonuS planS RegulatoRy compliance

policieS and pRoceduReS

employee HandBookS

affiRmative action planS

employee RelationS advice & counSel BenefitS analySiS

unemployment claimS aSSiStance

WoRkeRS’ compenSation aSSiStance

pRoductS & poSteRS

litigation SuppoRt

tRaining

WhitneySmith provides a variety of management consulting services, including:

For more information on all our services, please call our office or visit our website at:

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Your Source For Banking Human Resources Assistance

301 Commerce Street, Suite 1950Fort Worth, Texas 76102

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HAPPY STATE BANK, a $2.5 billion bank in West Texas, is seeking a CRA and FAIR LENDING OFFICER. Successful candidate will have a four-year college business-related degree, a minimum of 2 year’s CRA/Fair Lending Officer/Management experience (preferably at a large bank), with advanced knowledge and understanding of CRA & Fair Lending laws, regulations, regula-tory guidance, and expectations and examination standards. Please complete an application and submit a resume at www.happybank.com.

LOAN PRODUCTION OFFICE PRES-IDENT: Spirit of Texas Bank is one of the fastest growing community banks in Texas. We expanded into the Dallas/Fort Worth market by opening two Loan Production Of-fices in 2011. In 2013 we opened branches in Ft Worth and Dallas and purchased Peoples Bank in Colleyville/Grapevine. We are searching for our AUSTIN and SAN ANTONIO MARKET PRES-IDENTS TO START A LOAN PRO-DUCTION OFFICE, build a lend-ing team, drive loans and deposits and expand our presence in those areas. We need a banking profes-sional who exhibits leadership and has strong production capabilities. Please contact Heather Greenlee at [email protected] if this opportunity meets with your career objectives.

Valley Bank of Commerce is seek-ing A PROGRESSIVE INDIVIDUAL TO ADD TO MANAGEMENT for a long term career opportunity. Many benefits are included. Please send your resume to P.O Box 2015, Ro-swell, NM 88202-2015.

EXECUTIVE FOR PRESIDENT OF BANK: Bank near Houston seeks an experienced executive for the position of Bank President with the ultimate promotion to CEO for the right candidate. The success-ful applicant for this position must have an excellent academic re-cord, a sound lending and market-ing background, and the desire to become both a leader of the bank and a leader in the community. No agencies. Send resume to Dr. James Bexley, [email protected], for questions 936-294-3722.

COMMERCIAL LENDING MARKET

C L A S S I F I E DLEADER needed for multiple Texas markets. Vibrant Community Bank adding leadership talent in the fol-lowing locations: Houston/Tomball, League City, N. Dallas-must be local and extensive network, Kerrville, Hill Country. Candidate will bring a strong achieving career of 10 - 15 years and strong ties to small com-munities. Apply with resume refer-ence CML. [email protected]

TEXAS REGIONAL SALES DIREC-TOR needed for top financial con-sulting firm. Requirements: re-lationship management, energy, 10 years of experience selling to banks, Operations knowledge, in-terpreting financials and ability to align solutions from product line. Houston Based, travel up to 75%. Apply with resume referencing 405. [email protected]

LOAN PROCESSOR/OPERATIONS; Prosper, TX; Prepare loan docu-mentation for new loans & modifi-cations on Commercial, Real Estate & Consumer loans. Must have per-sonally prepared loan documenta-tion experience. Candidate should have at least three years of experi-ence and be knowledgeable in real estate and C&I lending. Jack Henry & Laser Pro experience a plus. Re-view daily reports for processing and tracking exceptions. Send re-sume to [email protected]

EQUIPMENT

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.


history) and who it is today, and what you want people to believe about the bank. We call that the Brand Prom-ise. To make it real, employees have to believe it and live it. The way to help them do this is to make it an im-portant part of your communication at every opportunity. Beyond that, to ensure success over the long term, include ongoing and consistent em-ployee communications and regularly scheduled post acquisition activities and training that reinforce your bank’s culture and provide employees with opportunities to engage with each other. The bottom line is that paying at-tention to The Softer Side of M&A is critical to the long term success of your acquisition. A written acquisition communication plan will help you identify and mitigate communications risks from pre-acquisition through conversion and beyond, ensuring that your bank puts its best foot forward with your new employees, customers and communities Q

About the Author: Debi Barnes is a prin-cipal with DD&F Consulting Group of Little Rock, AR and is a veteran banker with over 38 years of experience in banking and bank consulting. She may be contacted at 501.374.2600.

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Many banks don’t understand the importance of this effort. Potential consequences include high turnover, operational inefficiencies, deteriora-tion of service quality for customers, poor morale and a damaging “us vs. them” mentality. Unfortunately, these issues do not always fully manifest themselves until a year or more after the acquisition. Bankers can convince themselves that all is well when it re-ally isn’t. At some point the problem becomes evident, and you find your bank embroiled in a mess.

So how do you combine two differ-ent cultures? It isn’t easy. It requires specific actions to fully integrate em-ployees and it takes time. You can start by defining the differences between your bank’s culture and the acquired bank’s culture at the beginning of the acquisition process and take specific steps to address cultural differences at that time.. Working to understand and even “integrate” components of the acquired bank’s culture is some-thing you should consider. For exam-ple, if the acquired bank is known for specific community events, you could

continue them and even incorporate them into all of your markets. If they have a long held employee tradition, is it something you could continue and include everyone? It helps to commit yourself to de-veloping a culture of communication and telling your story. You can never tell your story too many times. In fact, research has shown that people need to see or hear something at least 7 times before they begin to believe it and internalize it. Make sure you have a story about who your bank was (its


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