IBAT Endorsed Provider Diebold News

Diebold, IBAT's Endorsed Service Provider, has been named the 2011 Systems Integrator of the Year by SDM Magazine for demonstrating superior innovation, notable accomplishments and exemplary success in delivering the next generation of security solutions and services, as well as transforming systems integration.

Diebold's innovation in security services offers customers strategic, sustainable, accessible and affordable security solutions. In addition, Diebold's integration capabilities bring together elements of an organization's security operations and help incorporate security into the rest of the organization's enterprise. The company's systems integration services encompass the design, installation, monitoring and servicing of even the most complex security systems to provide end users with a single source for all of their security needs. Read more.

Rename the Texas Ratio?

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

American Banker
By Thomas F. Siems
NOV 3, 2011

By many economic measures, Texas currently stands atop the other forty-nine states as a beacon of success.

Through September, Texas has added more than one-third of the nation’s net new jobs since the national recovery began in mid-2009. Texas’ share of total U.S. exports is more than 17%, far and away the highest percentage among the fifty states. And Texas is the No. 1 producer of oil and gas in the nation, with about 45% of all active drilling rigs... read more.

You can read American Banker for free through IBAT's subscription program. Click here to learn more.

Statute of Limitations

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

Bankers Digest Featured Articles
November 7, 2011 Issue
Source: “One Court of Justice Blog,” Warner Norcross & Judd, Appellate Group Practice

In Estate of Thelma L. DeGoede, by Vella Trader v Comerica Bank, f/k/a Industry State Bank & Trust Company, No. 296129, the State of Michigan Court of Appeals held that the statute of limitations did not bar a plaintiff’s claim against a bank for failing to honor three certificates of deposit (CDs), reasoning that “the statute of limitations does not begin to run until a demand for payment has been made” and rejecting the defendant’s argument that the statute of limitations begins to run when a CD matures. The publication date of the case is June 30, 2011... read more.

Out & About With Our Members

Steve Stapp, CEO & President of R Bank in Round Rock, welcomes Carol Troy, IBAT Financial Services’ Agency Manager to the bank’s 3rd Annual Customer Appreciation Festival (in photo). The bank was open for business and the gracious staff was offering food, drink, games, drawings and prizes for all ages!   It was community banking at its best!

Stapp is a 30+ year banking veteran who believes that it is vital to support the local community and its economy in every way possible.  R bankers have more than 130 years of combined experience in community banking.  The bank employs technology that provides state of the art banking experience in a relaxed environment.  Stapp emphasizes that this culture encourages the staff to spend more time getting to know their customers and less time processing transactions.

R Bank was created by a group of experienced businessmen and bankers who want to provide the kind of personal banking relationships and service that they have found in the community banks they have been associated with or have done business with in the past.  

About R Bank…
Hall of Fame pitcher Nolan Ryan and investment firm founder Don Sanders, co principal owners of the Round Rock Express triple-A baseball team opened in June 2009 with $12 million in capital.  Don Sanders and his sons, Bret Sanders and Brad Sanders are among R Bank’s organizers and investors.

Ryan, known equally for his savvy business skills and is 100-mph fastball during his record 27-year Major League Baseball career, is also an R Bank organizer and director along with his sons Reid Ryan and Reese Ryan, who is also the bank’s board chairman.

The four sons spent most of the 1980s spent considerable time in the Houston Astros clubhouse due to their fathers’ connections to the team… so, this isn’t the first inning for the Ryan and Sanders families in the banking sector.  Both family patriarchs and their sons were involved in previous banking ventures in the Austin and Houston area.

IBAT Member Pilgrim Bank 100 Year Anniversary

Pilgrim Bank was originally chartered as First Guaranty State Bank of Pittsburg, in Camp County, Texas on April 11, 1911, with total assets of $83 thousand. The bank became First State Bank in 1925 and purchased the First National Bank of Newsome the following year. Surviving World War I, the stock market crash and The Great Depression, the bank stood strong at $360 thousand in assets in December 1939.

the franchise grows...

Downtown Pittsburg remained the home of this small community bank as many men and women served their country during World War ResolutionII. The war ended in 1945 and a small egg and poultry business, Pilgrim's Pride, in neighboring Pine, Texas, began to grow... In 1969, Lonnie "Bo" Pilgrim purchased the bank, becoming Chairman of the Board. As the poultry company and northeast Texas communities grew, so did the bank.  The first 24- Hour Automatic Teller Machine (ATM) in Camp County was installed at the newly remodeled bank downtown, boasting five motor bank lanes, one commercial lane and a walk-up window in the motor bank lobby. By 1984, assets had exceeded $41 million.

NETEX Bancorporation, a one-bank holding company, was established in 1993 and acquired 100% ownership of First State Bank. With approximately 100 shareholders in the holding company, Lonnie "Bo" Pilgrim was and remains the principal shareholder. The First State Bank name was changed to Pilgrim Bank in March 1997, breaking away from the traditional generic names in the banking industry. A milestone for the bank was reached in June 1997, when Pilgrim Bank built and opened its first branch located in neighboring Mt. Pleasant, Texas.

a century of history in the making...

A legacy 3 story building  was completed in 1998 in Mt. Pleasant, becoming the corporate headquarters for the 7 branch company. Pilgrim Bank centers dot the Texas landscape with locations in 5 county seats across this great state. From the Piney Woods of Northeast Texas in the towns of Pittsburg, Mt. Pleasant and Sulphur Springs, to the West Texas towns of Wellington and Clarendon, every banking center has a personality of its own. Each has been designed with the community, customers and their lifestyles in mind... From hitching posts at Clarendon, saluting a time honored way of life in the panhandle, to the very cool stop downtown Pittsburg inside our Cyber Café. Customers can grab a cup of java and check their email and surf the Internet on our Café computers or step around the corner to our tranquil water feature.  And while you're there, you'll want to walk across the street and sign the guest book inside the magnificent Prayer Tower at Witness Park - a favorite place for weddings!  Or bring your kids with you to our Mt. Pleasant south location and let them watch a movie inside our KIDZ Bank while you chat with your banker.  Our "Personality-Plus!" bankers at Brookshire's grocery store just make banking fun! This is our newest banking center and we always have something going on that's "outside the box"!  So, no need to make an extra trip to the bank, just "Bank where you Shop" on your next milk and bread run. And, enjoy Summer-Fun Theme Weeks with us or simply enjoy the convenience of having a banking center that stays open until 7PM on weekdays, the latest banking hours in the county...

commitment. community. celebration.
celebrating 100 years of service.
Pilgrim Bank 100 Year Celebration Events
November 10th in Historic Downtown Pittsburg...

Bank Transfer Day Continues

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

American Banker
By Rachel Witkowski
NOV 4, 2011

Community banks and credit unions plan to keep pushing promotions in coming weeks as a way of maintaining momentum after Bank Transfer Day... read more.

You can read American Banker for free through IBAT's subscription program. Click here to learn more.

Making a Difference Winner Liz May

It all started in 1943 during the war to end all wars. Gasoline was 15 cents a gallon. A new house was $3,600 and a new car costs $900.

Elizabeth May accepted a job working at the local bank in Bonham on February 1, 1943. And, she‟s still working there 68 years later, opening the doors each day and welcoming everyone who enters with a contagious smile known throughout Bonham and beyond... read more.

Nationwide Emergency Alert System

The first nationwide test of the Emergency Alert System (EAS) will be broadcast on Wednesday, Nov. 9, at 1 p.m. (CST). Conducted by the U.S. Department of Homeland Security's Federal Emergency Management Agency and the Federal Communications Commission, the test should last approximately three minutes and will interrupt broadcast programming. The public should hear or see a message indicating "This is a test." The EAS is a public alert and warning system that allows local, state and federal emergency officials, and even the President if necessary, to address the public during extreme emergencies. The nationwide test is expected to be similar to frequently conducted local tests, but will be initiated by the federal government simultaneously to all local radio, television, cable and satellite service providers in the United States. Emergency officials encourage the public not to make calls to their local 9-1-1 service for information about the test as too many such calls could result in a delayed response to a real emergency. For more information in the nationwide test and the EAS, click here.

IBAT Chairman's Award

A former IBAT chairman who led the fight for community bankers against the Washington bureaucracy was honored with the coveted Chairman’s Award during ceremonies at the 37th Annual Convention of the Independent Bankers Association of Texas (IBAT).

Cliff McCauley, senior executive vice president of Frost Bank in San Antonio, was honored by 2011 IBAT Chairman David Williams of HCSB-Kerrville for his above and beyond service to the industry in the wake of the Federal Reserve Board’s ruling to repeal Regulation Q, a 70-plus year limitation on the payment of interest in business checking accounts... read more.

TechMecca 2012 Registration Open

Are you confident in answering these questions? 
  1. Are your customers satisfied with your online and mobile banking capabilities?
  2. Are you meeting the demands of Web 2.0 and social media?
  3. Are your systems secure from the latest hacker’s scheme for data?
  4. If your bank is hit with a technology disaster are you prepared?

If you CANNOT say YES to the above questions, then TechMecca 2012 is a conference you and your operations, IT, and compliance officers can’t afford to miss.  TM12 will be held January 23-24 at the Sheraton Hotel Dallas, TX.  

There are concurrent sessions dealing with marketing, fraud, compliance, operational risks, mobile banking, security, project management, and technology trends, and an enterprise risk management panel.

The exhibit hall will have over 100 booths to help you stay abreast of the current technologies and trends.  Included in the brochure is a roster of exhibitors along with an agenda for the conference.

We have streamlined the conference to two days; we have also streamlined the pricing to benefit multiple registrations from each bank -- $595 for the first attendee and two additional registrants.  THAT IS 3 ATTENDEES FOR THE PRICE OF ONE!

We invite you to enroll today by going to our website.

Help make this the best TechMecca IBAT has ever offered to its members.

IBAT President's Award

Dennis Schwartz of McKinney has been honored by the largest community bankers association in the nation with the 2011 President’s Award, signifying exemplary service and promotion of the Independent Bankers Association of Texas (IBAT).

Schwartz is founder of Schwartz & Associates real estate law, specializing in residential loan document preparation for mortgage lenders. Under his leadership, his company developed DocsDirect Online, a Web-based mortgage document solution that offers the flexibility needed to handle the array or lender channels and loan programs offered by their clients... read more.

IBAT Banker in the News

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

The Graham Leader
Gober elected to influential position

by Cherry Rushin
Posted 10/25/2011

One of Graham’s own has been honored with a key leadership position within his industry.

Jay Gober, president of First State Bank, has been elected vice chairman of the Independent Bankers Association of Texas. For the next four years, he will serve as vice chairman, then chairman elect, chairman and past chairman on the IBAT executive committee... read more.

Bank Transfer Day

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

(CBS News)
November 2, 2011

Molly Katchpole, of Washington, D.C., is 22, working two part-time jobs, and living paycheck-to-paycheck.

She didn't need another fee on her bank account.

So shortly after her bank -- Bank of America -- announced last month that it was imposing a $5 fee for making as little as one debit card purchase per month, she took to the Internet in protest.

"It just kind of really bothered me," Katchpole said on "The Early Show." "I knew that other people would feel the same way. So I went to Change.org, I started the petition, and I knew it would catch fire, and it did" ... read more.

*Correction: Bank Transfer Day story
Posted: Nov 6, 2011 3:13 PM
Updated: Nov 6, 2011 3:15 PM

NEW YORK (AP) In a Nov. 4 story about Bank Transfer Day, The Associated Press erroneously reported that the founder of an online petition against Bank of America's $5 debit card fee, Molly Katchpole, had opened an account at a credit union. Katchpole said she opened a new account at a community bank.

Commissioner Cooper Letter On NRA Issue

As discussed in past issues, IBAT has been actively involved in fighting any efforts to require reporting of interest earned on non-resident alien accounts dating back some ten years.  A hearing on this issue was held last week in the U.S. House Financial Institutions Subcommittee.  Commissioner Charles Cooper weighed in prior to the hearing with an outstanding letter.  We are appreciative of his efforts on this and a number of other issues to maintain the competitive standing of state-chartered and community banks.

Bank Transaction Tax

We published a blurb on H.R. 4646 in the September 28, 2010 edition of The Bottom Line. However, we have noticed a recent uptick in the number of inquiries regarding it.  For those of you who don’t know, H.R. 4646 is a proposed 1% financial transactions tax purportedly recommended by the Obama Administration.

Here's an update:  H.R. 4646 was filed by Rep. Chaka Fattah (D – PA) in February of 2010, but it was cleared from the books at the end of the 111th Session of Congress along with all other bills that didn’t pass during that session.  However, there is an active bill in the 112th Session, H.R. 1125, that was filed by Rep. Fattah.  H.R. 1125 is simply H.R. 4646 reintroduced in the new legislative session. It would tax most financial transactions (paid by check, debit/credit card or cash) at a 1% rate, with rebates to those making less than $125,000 per year.  The revenue generated would reportedly pay off the national debt and allow for a phase out of the individual federal income tax.  The bill was referred to several jurisdictional committees, but has not had a hearing and does not have a single co-sponsor.  In fact, the last action on the bill was on March 16, 2011 (the day it was filed) when it was referred to the House Appropriations Committee.

The chance of this bill being considered by Congress is slim at best.  And to dispel the ongoing Internet myth about President Obama:  There is absolutely no indication that anyone in the Obama Administration thinks this is a good idea.  

Please feel free to copy and paste when your customers or friends inquire about the “sky is falling” emails that seem to come back to life every few months.  

Move Your Money Trend

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

By Kevin Wack
OCT 25, 2011

WASHINGTON — During the Great Depression, many Americans responded to financial cataclysm by stuffing cash inside their mattresses.

This time, we're taking less extreme measures. We're merely moving our money to another bank.

While undoubtedly a smarter choice, it's also proving to be considerably more complicated than cutting a hole in your Sealy and jamming it full of greenbacks.

You can read American Banker for free through IBAT's subscription program. Click here to learn more.

Making a Difference Winner Janice Spooner

Janice Spooner, senior vice president of First National Bank of Weatherford, dedicates her time to teaching Junior Achievement classes twice a year in the Weatherford Independent School District, building homes for Habitat for Humanity, and raising funds for Cancer Care Services of Parker County.  Read more.

Showcase Your Child’s Artistic Talent

IBAT invites our members’ children and grandchildren to join in the holiday spirit by submitting artwork for our annual IBAT Christmas card.  A panel of judges will select the best submission in each of the following age brackets:
  • 5-7 years of age
  • 8-10 years of age
  • 11-13 years of age

The contest theme is “a True Texas Community Bank decorated for the holidays.”  The color drawing can be either the inside lobby or the outside of the bank.  Each young artist whose artwork is selected will be featured on one of three cards that IBAT will send to our IBAT family and friends this holiday season.  In addition, each winning submission will receive a $250 savings bond.

Deadline for submissions is today, Monday, November 28, at 5:00 PM.  Please mail original artwork to Mae Beth Palone, 1700 Rio Grande, Suite 100, Austin, TX 78701.

Another Point of View on Dodd-Frank

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

Dodd: Deepening economic crisis and other myths about Dodd-Frank legislation
Christopher J. Dodd, Special to The Washington Post

After a worldwide financial meltdown and a $700 billion taxpayer-funded bailout the need for common-sense financial reforms was clear. But now, even though the Wall Street Reform and Consumer Protection Act of 2010 (known as Dodd-Frank, after Rep. Barney Frank and me, its sponsors) is only beginning to take effect, critics are launching false attacks against the law in an effort to undermine it. Whether they are intentionally misleading or just misguided, they are wrong about the law's purpose and impact... read more.

Winter Summit Registration is Open

Registration for the 12th Annual IBAT Winter Summit, February 12-14th at Harrah’s in Lake Tahoe, NV, is now open!  Sign up now to join Texas’s top banking attorneys and Regulators from the OCC, FDIC and Federal Reserve, as they take a look at the ongoing economic challenges and offer insights on “what’s next” for the community banking industry as a whole.  Winter Summit XII will also feature an investment strategy session with The Baker Group’s Jeff Caughron. 

The IBAT Winter Summit is a great opportunity for learning, networking and recreation in the unrivaled venue of Lake Tahoe.  Registration is easy on our website, or feel free to call Jennifer Roe or Julie at 800.749.4228.

Hearing Set on NRA Issue

The Financial Institutions Subcommittee of the House Financial Services Committee will hold a hearing this week on proposed regulations to require reporting of nonresident alien deposit interest income.  As you are aware, IBAT has been involved in this issue for over ten years, and commented on the proposed rule as well as alerted our Congressional delegation to this issue in the Spring.  We were pleased that our two U.S. Senators weighed in on this issue as well in a letter to Secretary Geithner.

Consumer Confidence High in Electronic Payments

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

Bankers Digest Featured Article October 24, 2011 Issue
Source: SWACHA, Dallas, Texas

October is National Cyber Security Awareness Month and while all consumers are encouraged to protect themselves online, most show strong confidence in the security of their electronic payments, according to a recent survey by Dallas-based SWACHA-The Electronic Payments Resource®, one of the largest not-for profit regional electronic payments associations in the country... read more.

Order Your Lapel Pins Today!

On October 2, 2011, at the 37th IBAT Annual Convention in San Antonio, IBAT unveiled the True Texas Community Banker lapel pin for you and your staff to proudly wear everywhere you go!  Over 900 have already been distributed for use by our member bankers. 

In an era in which government bailouts and “too big to fail” have become the new normal, it is clearer than ever that community banking is a separate and unique industry from the lumbering, Wall Street giants that call themselves banks. Our message is resonating.  IBAT took great pride listening to the Republican debates as each mentioned the importance of preserving community banks and making regulatory relief a priority if elected.

IBAT is proud to serve and support the values of community banking exclusively and we’re proud to call you a member.

As a community banker, you serve the needs of the families that you call “friends” and “neighbors.” In our eyes, this makes you a “True Texas Community Banker.”

We invite every member to take advantage of the opportunity to proudly identify yourselves as a True Texas Community Banker by ordering pins for your employees.  There is no limit to the number of pins you can order. And don't forget that we have door and ATM decals still available should you need them.

The pins and decals are offered to IBAT members free of charge.  You may order yours online now!