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.
“Safe deposit boxes are obsolete, soon to be history, fading away fast, loss leaders, relics from the past and on their way to oblivion.” These are several of the negative and totally incorrect statements made recently in a news story published by a large New York business news publication.
The reporter who wrote this story called me before publishing his safe deposit box article and requested answers to numerous safe deposit questions. Unfortunately he omitted all of my positive comments and the beneficial aspects of renting safe deposit boxes to consumers. These deletions and numerous incorrect statements caused many of my nationwide clients to suggest that I write a rebuttal article with the proper safe deposit box information.
Before writing his article, in addition to me, the reporter also interviewed many New York bankers, primarily from the larger nationwide mega banks. He received nothing but negative comments and an entirely different and incorrect perspective regarding safe deposit boxes. These bankers told him they were phasing out safe deposit boxes because consumers no longer wanted or needed them. Due to this lack of consumer demand, they considered safe deposit boxes as unnecessary, unimportant customer service and not a beneficial profit center. They also decided they would not devote any additional time, money or resources to train their employees or secure these boxes properly. To save money, many of these mega banks have converted their safe deposit box service into a less expensive, but extremely dangerous “Self-Service” vault access system that completely eliminates staffing, renter’s signature identification, historic dual control key locks and proper vault access requirements. Due to these actions, I am aware of at least fifteen very large box renter disappearance claims which will soon create significant losses, large legal fees and very expensive safe deposit box litigations. This is obviously the reason these institutions have decided to discontinue this service.
Box Contents Not Insured
Fortunately, the reporter did correctly inform his readers that in case of a burglary, fire, flood, hurricane, tornado or a mysterious disappearance, safe deposit box contents are not insured by FDIC, NCUA or any financial institution. Unfortunately, he neglected to mention that, except for flood losses, this box content insurance is readily available and easily obtained from a box renter’s own insurance agent. This is done by requesting a “Personal Article Floater”, which is merely a rider attached to a home owner’s insurance policy and specifies what items are insured. Written property appraisals are usually required by the insurance companies.
Another box content insurance coverage option is also available and reasonably priced through the insurance provider Safe Deposit Box Insurance Coverage (www.sdbic.com). Their safe deposit box coverage is very unique, does not require the disclosure of a box renter’s contents or any written property appraisals and does insure flood damaged box contents and any other man-made or natural disaster.
Home Safes Not Safe
Purchasing a home safe and the many advantages of using this type of property protection were covered extensively in this article. Based on the size of the home safe, prices usually range from $300 to several thousand dollars according to a very large New York safe company owner who was interviewed. He stated, “I think our business has definitely increased by 20% or 25% a year because of robberies, burglaries, disasters and our nation’s current financial crisis.”
Again I totally disagree with this home safe, property protection recommendation. Unfortunately, I am a previous home safe owner who is also a past victim of a home burglary. Even with our substantial home security system, all of my family’s valuable possessions that were stored inside an expensive 300 pound safe disappeared in one very traumatic afternoon. Because of this burglary, I am not a strong proponent of storing valuables in a home safe. The former chief of the FBI’s Financial-Crimes Section was also interviewed and agreed with me, that if you do purchase a safe it is only as secure as the good security system that protects your home. He now owns a home safe but he stated; “That’s why I don’t keep anything terribly valuable in it.”
When you compare this home safe protection to existing safe deposit boxes, you will find that most bank and credit union boxes are located inside a solid steel or concrete vault, protected by a thick vault door armed with door contacts, heat, motion and vibration detectors and a security system that is continuously monitored. It is possible that these safe deposit vaults could be compromised, but with over 25 million boxes rented nationwide, police reports indicate that, compared to home burglaries, these vault burglaries do not occur often. When this reporter contacted his local law enforcement experts, a former New York City Police Captain, he stated; “As a place to store valuables, the safe deposit box is the safest option.”
Recently we have all seen on TV the terrible destructive tornados in Oklahoma and Super Storm Sandy’s wind and water damage along the east coast. Mother Nature’s disasters have destroyed thousands of homes and businesses in a very short period of time. Our personal property, family heirlooms and many other valuable items can all disappear in a matter of seconds. The graphic TV and newspaper coverage of the strength of Tinker Federal Credit Union’s safe deposit vault in Moore, Oklahoma was amazing and definitely saved twenty-four lives. The entire credit union building was completely demolished in a matter of minutes by an EF 5 (250 MPH) tornado. Following the disaster, the vault, the employees, the members and all the valuable property stored inside the safe deposit boxes were still intact.
Historically and in our current financial environment, the safe deposit service is still considered a financial institution’s best marketing tool. It attracts and enables institutions to cross-sell additional financial services to very affluent consumers. With today’s strong push towards automation, on-line bill paying, ATMs, debit cards and many other electronic services, consumers are no longer required to come into a brick and mortar facility. Renting a safe deposit box continues to be the only service that requires individuals and businesses to come through your lobby doors.
Today there are thousands of banks and credit unions nationwide offering this valuable safe deposit box service correctly and they are actively promoting it to their customers and members. Because of this, many financial institutions have 90% to 100% of their boxes rented and there continues to be long waiting lists for their most popular box sizes.
Consumers, banks and credit unions should all be aware, “Safe Deposit Boxes Are NOT on Their Way Out” as the recent NY news article predicts. There will never be a better security option available to protect our valuables and safe deposit boxes are going to be around for many years to come.
About the Author: David P. McGuinn, President of Safe Deposit Specialists, is a former banker and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 250,000 safe deposit personnel since 1969 and has served as President of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. During the past 45 years, McGuinn’s safe deposit employee training, manuals, compliance products and other marketing resources have been recognized as the accepted national standard for the financial industry.
Rare and vintage Shelby Cobras and Mustangs will be on display when LegacyTexas Bank in Plano presents the fourth annual Shelby Car Show on Saturday, June 22. The family-friendly event is free of charge and open to the public. The show is co-hosted by the bank and the Shelby Cobra Association of Texas and sponsored by Dallas Mustang.
LegacyTexas Bank President Phil Dyer says the day’s events will feature something for every member of the family. “This is a community event for car enthusiasts of all ages,” he said. “We’ll have a variety of fun activities, food, live music, and well over 100 cars on display. We anticipate this will be our best show yet.”
The event will be held from 10:00am until 2:00 pm at the bank’s corporate headquarters at 5000 Legacy Drive in Plano. The event will showcase rare Shelby Mustang models from Shelby American as well as cars from Shelby family’s private collection. This will mark the fourth consecutive year LegacyTexas Bank has hosted the Shelby event and coincides with the bank’s celebration of 50 years of service.
About LegacyTexas Bank
LegacyTexas Bank is an independent community bank with $1.7 billion in assets and is majority owned by the Shelby family of North Texas. In business since 1963, LegacyTexas Bank currently has 20 branches throughout Collin, Dallas, Tarrant and Parker Counties. LegacyTexas Group is the financial holding company for LegacyTexas Bank and also includes LegacyTexas Insurance Services and LegacyTexas Title. For more information, visit LegacyTexasBank.com.