A crowd of more than six hundred, composed of IBAT members and their families, were on hand last week for the 28th Annual IBAT Leadership Conference at the Horseshoe Bay Marriott. The Marriott was abuzz with Duck fever, as attendees flocked to hear Jase Robertson, star of A&E's Duck Dynasty. Other highlights of the conference included:
- A regulatory panel with staff from the Texas Department of Banking, including Commissioner Charles Cooper;
- Insight into non-traditional marketing with Andy Slipher of Slipher Marketing;
- Lessons on success and failure from Dr. Jeff Hester of the Hubble Telescope project; and
- Do you know Credit? Beyond the numbers: How FICO Credit Scoring Really Works from Eddie Johansson
The conference was capped off by a performance from Texas Country artist Bruce Robison and a planning breakfast for leaders in each of the IBAT Leadership Division regions to plan the year ahead. Many thanks to all who participated in the Conference. Pictures from the event are now available to view online. Click here to see IBAT's Money Camp kids in action.
Save the date for next year's conference: June 26-28, 2014 at the JW Marriott Hotel in San Antonio.
The deadline for submitting your Best of Community Banking Award entries is June 25th.
This is your opportunity to tell the story of your bank's involvement in your community and the exceptional projects you've undertaken over the past year.
Gold, silver and bronze awards will be given in the categories of Architectural Design, Community Service, Financial Literacy and Marketing. All entries will be on display during the IBAT Convention and Gold Eagle Award recipients will be recognized during the Best of Community Banking Awards Luncheon on September 23, 2013 at the Westin La Cantera in San Antonio.
On Friday of last week, Governor Rick Perry signed HB 3068, prohibiting surcharges on debit card transactions at the point of sale for all but governmental entities. The bill, championed by IBAT during the 83rd regular session of the Texas Legislature, drew "unfriendly fire" from several merchant trade associations and a conservative "think tank" during the process. IBAT was able to convince members of the legislature, however, that debit cards should be afforded the same protections already afforded to credit cards. The responses of IBAT member bankers to our several "calls to action" made a huge difference, and played a key role in getting this bill across the finish line.
"We felt that a prohibition on debit surcharges was essential to ensure parity of community bank debit cards and protection of community bank customers," said IBAT Executive Vice President Steve Scurlock. "The passage of HB 3068 should preempt any efforts by retailers to enter into relationships with the largest financial institutions that could lead to steering of transactions towards those banks' cards."
With the Governor's signature, HB 3068 is scheduled to take effect on September 1, 2013. This, and many other issues, will be covered in IBAT's free post-legislative webinar on Tuesday, June 25. Click here to register for the webinar.
Summertime, and the livin' is easy. In fact, the livin' is so easy that the National Federation of Independent Business, a non-profit organization, announced this week that their Small Business Optimism Index rose unexpectedly to 94.4 from its previous 92.1. Nobody saw that coming. Well, maybe the NSA saw that coming. Tuesday also brought the first of three disappointing Treasury auctions that reminded us that the optimism enjoyed by small businessmen is not necessarily shared by all. The sales of three, ten, and thirty year issues all suffered from lukewarm investor demand as evidenced by sharply lower bid-to-cover ratios; a measurement that compares the number of bidders who want bonds to the number of bidders who get bonds. While all three auctions resulted in significantly higher yields than last month's sales, the Benchmark Ten year backed up the most with a 2.21% result in June compared to May's 1.81% outcome... Read more in the Baker Market Update.
IBAT is proud to announce The Certified Community Bank Director's (CCBD) Program, a cooperative effort with the SW Graduate School of Banking, to be held November 1-2, 2013 on the SMU Campus in Dallas. This comprehensive curriculum addresses all areas of bank directorship, from duties and responsibilities to the foundations of bank finance.
For more information on the curriculum and to view the full brochure, please click here.
Texas Students in Austin, Dallas, Fort Worth, Lubbock and San Antonio Created Artistic Visions of Financial Literacy with “Saving for Success” Theme
DALLAS– June 5, 2013 – Consumer Credit Counseling Service (CCCS) and PlainsCapital Bank announced winners of the 2013 Financial Literacy Poster Contest, which challenged students to illustrate financial literacy and this year’s theme of “Saving for Success.” The winners were chosen from more than 890 entries submitted by students across Texas, ranging from kindergarten through 12th grade.
Representatives from CCCS and PlainsCapital Bank presented students with prize money and recognition certificates at their schools in Austin, Dallas, Fort Worth, Lubbock and San Antonio. Student winners and their corresponding teachers will each be awarded $100. Runners-up and their teachers will each win $50. In addition, Todd Mark, vice president of education for CCCS, taught a “Kids and Money” class focusing on important financial literacy lessons for the entire family at many of the award ceremonies.
“We were amazed at the participation and level of creativity provided by students to illustrate the ‘Saving for Success’ theme,” said Todd Mark. “CCCS is thankful that our partner, PlainsCapital Bank, has worked with us for two years to get students excited about financial literacy and smart money management. It is so important for students to have a strong foundation when it comes to making smart money decisions and we believe the poster contest gets students started in the right direction.”
CCCS and PlainsCapital Bank partnered for the second year to host the student poster contest and the winners are:
- Sriya Mechineni, 4th grade, Barton Creek Elementary
- Hannah Sears, 10th grade, Frisco ISD Career and Technical Education Center
- Camille Murray, 9th grade, Prince of Peace Christian School
- Esmeralda Garcia, 8th grade, E.D. Walker Middle School
- Jennifer Saucedo, 8th grade, Jubilee Park & Community Center (runner-up)
- Julian Lopez, 5th grade, Jubilee Park & Community Center
- Jade Radford, 4th grade, Isbell Elementary
- Sarah Boutouis, 3rd grade, Isbell Elementary (runner-up)
- Julio Joel Alvarez Avila, 12th grade, Polytechnic High School
- Katelyn Aguilar, 7th grade, Daggett Middle School
- Kaci Dobbs, 11th grade, Coronado High School
- Hiroyo Masuda, 11th grade, Coronado High School
- Daniela Lopez, 3rd grade, McWhorter Elementary
- Nicholas Martinez, 7th grade, San Antonio Youth Association
- Legacy Lopez, 5th grade, San Antonio Youth Association
- Priscilla Lumbreras, 5th grade, San Antonio Youth Association
“It has been such a pleasure to sponsor this exciting poster contest and we are thrilled to see the number of creative posters from students across Texas,” said Pete Villareal, chief administrative officer for PlainsCapital Bank. “We know that smart money management education is critical to success as an adult and we hope that participating in the poster contest will jump start students thinking about financial literacy in a fun way.”
Photographs from the award presentations, as well as copies of the winning posters, are available upon request. Please contact Ginger Greenberg at firstname.lastname@example.org
About CCCS of Greater Dallas
Consumer Credit Counseling Service of Greater Dallas, Inc. is a nonprofit, community-based credit counseling and debt management service. Established in 1974, CCCS of Greater Dallas and its affiliate offices provide financial education and counseling to consumers in-person, by phone, or Internet at 15 locations in four states. CCCS of Greater Dallas is a HUD-approved housing counseling multi-state organization and serves as one of seven counseling agencies supporting the 888-995-HOPE Hotline. The agency is also a member of the National Foundation for Credit Counseling (NFCC), the nation’s largest and longest serving national nonprofit credit counseling network. CCCS of Greater Dallas is a service partner of United Way of Metropolitan Dallas. To learn more about CCCS of Greater Dallas’ free seminars or the agency’s services, call 800-249-2227, visit www.cccs.net or become a fan of CCCS of Greater Dallas on Facebook to receive updates on agency events and offerings.
About PlainsCapital Bank
Dallas-based PlainsCapital Bank has the strength and stability of $6.6 billion in assets1, operates 34 Texas branches and has more than 670 employees providing highly personalized relationship banking through a single point of contact. Offering commercial lending, treasury management, small business banking, private banking, and trust and wealth management services, PlainsCapital Bank empowers responsive, local decision making in each of its major markets: Austin, Dallas, Fort Worth, Lubbock and San Antonio. PlainsCapital Bank is part of the PlainsCapital Corporation family of companies. PlainsCapital Corporation is a wholly owned subsidiary of Hilltop Holdings (NYSE:HTH). Find more information at PlainsCapital.com.
Source: 1December 31, 2012 Call Report for PlainsCapital Bank
IBAT will provide a thorough review of the 83rd Texas Legislative Session on June 25, 2013 from 3:00-4:30 p.m. The webinar will be conducted by Karen Neeley and Steve Scurlock and is FREE of charge. A recording will be available after the fact, for future reference.
Additionally, our post-session white paper should be ready for distribution electronically prior to the program date.
We hope you plan to join us for an informative discussion on issues impacting the community banking industry. Click here to register for the webinar.
Employees of Texas First Bank in Texas City joined efforts to assist victims of the West fertilizer plant explosion in April, adding more than $11,000 to the Texas Bankers Disaster Relief Fund.
The contributions of Texas First Bank employees will be added to the $143,533 presented to Charles Nemec, President and Chief Executive Officer of POINTWEST Bank, and Dalbert Thiele, President of The State National Bank at a presentation in West on May 31.
"After recent hurricanes, Texas First employees have been all-too-well associated with disaster," said President and CEO Chris Doyle, "we hope in a small way this helps in the healing process for West."
There's still time to register for the June 20-21 Operations Compliance Summit at the Sheraton Hotel in Austin! This timely educational seminar will benefit anyone responsible for operations and compliance in IBAT member banks. Among the many issues to be discussed, we'll cover:
- The current BSA/AML environment and ongoing changes;
- New Remittance Rules;
- Employment Law;
- Account Documentation and Operations Issues; and
- Emerging Technology.
MCKINNEY, TX, June 6, 2013— Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company of Independent Bank, celebrated the opening of its “southern headquarters” Tuesday night in Austin.
The new building in central Austin, 1011 West 40th St., Austin, TX, 78756, will serve as a hub for Independent Bank Group’s central Texas operations under the direction of Brian Hobart, Vice Chairman and Chief Lending Officer. On April 22, the new location officially opened its doors for business, housing a full-service branch, a regional commercial lending center, a mortgage operation and tenant lease space.
“I’m excited about the important role this new location will play for the bank,” Hobart said. “The new facility will allow us to build upon the strong relationships formed in the Austin market and tap into what we believe are tremendous opportunities available in central Texas.”
Hobart said all five Independent Bank locations in the greater Austin area will benefit from the centralized location created to meet the needs of customers in Austin and surrounding communities.
David Brooks, Chairman and CEO of Independent Bank Group, said its Austin location is designed to provide central Texas the same “strong foundation and balanced structure” the company values on a macro level.
“Independent Bank-Austin is positioned to be the bank of choice across three key areas of our business,” Brooks said. “The location is centrally located and gives us the ability to meet Austin’s mortgage, commercial and personal banking needs under the direction of a dynamic leader in Brian, who is enthusiastic about bringing our central Texas bankers together under the same roof.”
Guests at the event were treated to a cocktail style affair and toured the three story location. Designed by Jim Wilson Architects, the building contains many energy efficient features and achieved Silver LEED Certification. Working with Ten Eyck Landscape Architects and Austin artist Lance Letscher, Wilson’s design included a focus on stability, balanced with the unique “casualness” of Austin.
“Our hope is for this project to serve as a bridge between the two personalities of Austin,” Wilson said. “To achieve this goal, the north half of the building is clad in local Texas limestone, while the back half is sheathed in metal, balancing the commercial intensity of the east with the slower-paced, more residential area to the west.”
Member FDIC, Equal Housing Lender
About Independent Bank Group, Inc.
Independent Bank Group is a bank holding company headquartered in McKinney, Texas. Through its wholly owned subsidiary, Independent Bank, the Company provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals.
Independent Bank operates 29 banking offices in 26 communities in two market regions located in the Dallas/Fort Worth metropolitan area and the greater Austin, Texas, area. As of March 31, 2013, the Company had total assets of approximately $1.764 billion, total loans of approximately $1.422 billion and total deposits of approximately $1.415 billion. Visit independent-bank.com or call 972.562.9004 for more information.
Photo From Left to Right: Brian Aynesworth, Board of Directors, David Brooks, Chairman & Chief Executive Officer, Allen Cowden, Torry Berntsen, President & Chief Operating Officer
DataTreasury Corporation (DataTreasury) is at it again. On May 28, 2013, the so-called "patent troll" company filed three federal patent infringement lawsuits in the Eastern District of Texas against imaging and payment processing software companies and against several of their bank customers. DataTreasury's patents involve methods for remotely capturing and centrally processing document images and data.
One week after DataTreasury filed these suits, the Obama Administration - saying that patent trolls cost the economy billions of dollars and undermined American innovation - released a study on the issue, announced executive actions, and called for legislative action, including many provisions called for by IBAT and ICBA members in Congressional visits earlier this year.
The Administration estimates that in 2011 victims paid patent trolls $29 billion and that in 2012, lawsuits by patent trolls accounted for approximately 62% of all patent lawsuits. This American Life, a weekly hour-long radio program produced by public radio station WBEZ in Chicago, recently did a follow-up program on patent trolls entitled, "When Patents Attack... Part Two!", providing excellent insight into the patent process and the rise of the patent trolling.
Like fidgety schoolchildren anxiously awaiting the start of summer vacation, market participants spent [last] week in nervous anticipation of [Friday] morning's jobs report from the Bureau of Labor Statistics. Well, fidget no more. In fact, a yawn might be more in order.
With the Labor Force Participation Rate nudging itself upward to 63.4% from 63.3%, the Unemployment Rate ticked up a tenth to 7.6% even though Non-Farm Payrolls rose by 175k, slightly beating market expectations. Last month’s initially reported gain of 165k was, on second thought, only 149k as those results were downwardly revised. Despite the increase in payrolls, there was no commensurate increase in pay as Average Hourly Earnings were reported unchanged for the month... Read more in the Baker Market Update.
Many community bankers have expressed concern about the implementation of the Biggert-Waters flood insurance law, which expands flood zones to include many new coastal and inland areas and could result in dramatic flood insurance rate increases.
Last week resulted in the first legislative success, led by Congressman Bill Cassidy (R-LA), the passage of an amendment on the Department of Homeland Security Appropriations legislation in the House of Representatives to delay implementation premium adjustments in Section 207 of Biggert-Waters.
Senators Thad Cochran (R-MS) and David Vitter (R-LA), yesterday introduced The Responsible Implementation of Flood Insurance Reform Act, which would delay the period of phasing-in rates, give flexibility for state and local governments to assist with subsidizing flood insurance, and reform the Federal Emergency Management Agency (FEMA) flood mapping procedure.
Senator Mary Landrieu (D-LA) also offered an amendment to the Farm Bill that would delay premium increases for three years. Although the amendment ultimately did not receive a vote due to parliamentary procedures, it received significant attention on the Senate Floor and in the national media, and has helped move the process forward and raise awareness of the issue.
IBAT will continue to work with the Texas delegation to push for reasonable reforms and affordability of this critical program.
The 28th Annual IBAT Leadership Conference kicks off this week at the Horseshoe Bay Resort. A record-setting group of attendees, including 99 first-timers, will be on hand Friday, as Duck Dynasty's Jase Robertson takes the stage (and sticks around for photos and autographs to follow). Attendees of the conference will also be treated to three days of industry-specific education, inspiring leadership lessons and relationship building with fellow community bankers.
Even if you can't make it to Horseshoe Bay, follow all of the action with the Twitter hashtag #LDC13 or on the Leadership Division Facebook page.