IBAT News

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! 

Small Business Lending Fund


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.

During testimony on Capitol Hill, the Treasury secretary faces criticism from members of both parties over a slow-moving, smaller-than-expected initiative to boost lending to small businesses... read more.


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

Making a Difference Winner Roy King


Roy King, vice president and loan officer at the City National Bank in Sulphur Springs, was nominated for his hard work, dedication and strong sense of what a good man, a good friend and a good banker is all about in giving back to his livelihood, family, co-workers and community.  Read more.

Obama to Nominate Hoenig as FDIC Vice Chairman


President Obama last week announced that he intends to nominate Thomas Hoenig, the former president of the Kansas City Fed, as Vice Chairman of the FDIC.  

You may recall that Hoenig has been a strong advocate for community banking, and a outspoken critic of the continued systemic risk posed by too-big-to-fail institutions.   

We are very pleased by this nomination, are hopeful of a quick Senate confirmation, and look forward to working with Tom to further the cause of community banking.

Financial Literacy Outreach


Community banks in Texas have stepped up financial education outreach efforts in order to increase financial literacy in local communities, according to a 2010 Study by the Texas Department of Banking. You can participate in the 2011 Study.

Approximately 64 percent of the community banks surveyed indicated having an active financial education outreach program, up from 60 percent in 2009, and 47 percent in 2007. Overwhelmingly, financial education programs offered by banks target high school students (80 percent) and elementary students (60 percent), followed by students in middle school, adults and the unbanked.

The study revealed a need for banks and other financial education providers to work together when it comes to how banks approach financial education and implement programs. Approximately 92 percent of banks offering financial education programs indicated they do so by encouraging employees to volunteer time during work hours. Offering financial education through a counselor at the bank was the next most popular method.

Co-sponsored by the Texas Bankers Association and the Independent Bankers Association of Texas, the study is the fourth in a series of five to be published. The goal of the study is to better understand what financial education programs are being offered by banks and to measure improvements from year to year.

Working in concert, the Texas Department of Banking, the IBAT Education Foundation, and the Texas Bankers Foundation have encouraged all bankers to lead the charge to build financially literate communities across Texas. Read more here.

Margin Tax Update


Speaker of the Texas House, Joe Straus, issued his interim charges to the various committees last week.  During the “off” period between sessions, each committee is charged with looking into various issues in depth, and issuing a report prior to the next session.  Many times legislative initiatives come from these studies.  Several issues will be looked at, including the impact of Dodd Frank, a thorough look at construction lien issues and not unexpected, a full look at the way businesses are taxed in Texas.  We will no doubt be engaged in these and other studies to ensure that the community banking perspective is considered.

For additional information, please go to the Speaker’s website.

IBAT Member United Bank of El Paso 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.

by Paula Monarez Diaz \ El Paso Times
Posted: 10/20/2011

United Bank of El Paso del Norte has been recognized for seven consecutive years for outstanding participation in small-business lending... read more.

Coffee & Conversation with AHPT


In case we’ve missed you in the past…  Here’s your last chance to participate in an informative webinar brought to you by IBAT’s Endorsed Service Provider, Advantage Health Plans Trust*, in a complimentary webinar.  Join us in a 15 minute coffee break and register today!
 
Topics will include
  • The Trust’s progressive benefits
  • Free Human Resource functions available to IBAT members only!
  • Brief Health Reform Update

IBAT endorsed the Trust nearly five years ago and IBAT staff have been
using the program since that time, with good experience.  There are
currently over 30 IBAT member banks on the AHPT program – and there has
been nothing but great things said about the flexibility in benefits and
protection of a banker owned and operated Plan.

Come and learn why being part of a community banker owned health plan can help your bank take back control.

Coffee is on us!
As a thank you for your participation we will drop a Starbucks gift card in the mail to you after the conference call.

How do I register?
Simply click on the date below and register.  Webinar details will be e-mailed to you.

Webinar Details

DateWednesday, October 26th
Time:  10:00 a.m. CDT
Place:  Hosted Via Web Conferencing

*Paid Endorsement

Board Members Should Speak Up!


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: October 17, 2011 Issue
Board Members Should Speak Up!
By: Kevin J. Funnell, Bieging Shapiro & Barber, L.L.P.

You, Fat Man: Speak Up! At the end of the Oscarwinning film Unforgiven, Clint Eastwood’s character, William Munny, walks into a house of ill repute that is loaded with men organizing a posse to hunt him down and kill him, and, pointing a double-barrelled shotgun at the assembly, asks a simple question. When he receives no immediate answer, he turns to a deputy sheriff the size of the average NFL offensive lineman and suggests “You, fat man: speak up.” The fat man doesn’t speak up, a gun fight ensues, and it ends badly for many of the spectators, including the fat man. It’s unlikely that it would have ended substantially differently even if the fat man had spoken up, but you just never know... read more.

2011 Addressing Mesquite Day


This is the second year that IBAT associate members served at the Addressing Mesquite Day, teamed up with Todd Price, President of First State Bank, Mesquite.

This year, there was enough support from the bank and IBAT associate members to have two teams!  We became artists of sorts as we focused our efforts on painting.

Our team was asked to paint a fence.  It was quite an honor to paint for a gentleman who had undergone open heart surgery and was not able to do all the work himself.  His wife made chicken taquitos for us and they were wonderful.  The recipient of the goodwill commented, “I guess I always knew there were good people, I just didn't know they were right here!"

The other team was asked to paint a house for an elderly woman who could not do the work herself.  She lived in the house 11 years and it had never been painted.  Debbie Scanlon, Partner, BKD, Houston and founding member of the Associate Member Advisory Council commented, “We had a great team of people who pulled together to improvise on creative ways to paint with limited tools and there was significant team work to support those brave enough to get on the roof and hang off ladders around the house. The homeowner could not get over what a wonderful job the paint crew did and was overwhelmed by the number of us that came out to paint her house. It was tremendously satisfying to see the smile on her face and tears in her eyes – you knew you had helped her and she appreciated it from the bottom of her heart.  That’s a way to spend a Saturday!!”

We appreciate IBAT Leadership, Mesquitethe Associate Member Advisory Council, First State Bank for providing this wonderful opportunity. Yes, there are good people out there and a lot of them are members of IBAT!

A note from IBAT: A special thanks to Brenda for coordinating the efforts of our associate members onsite.  Thanks to all the associate member volunteers: Brenda and Eric Standlee, American Prudential Capital, Inc., Houston, Texas along with family members Katie Standlee; Yumi Standlee; Wakayo Standlee; and Kenji Standlee;  Debbie Scanlon, Gordon Dobner, Lincoln McKinnon; and Geron Morgan, BKD, LLP, Houston, TX; Jerry Sanchez, Cox Smith, Dallas, TX ; and Tim Quisenberry, Lan Mai, and Mary Magana, SWACHA – The Electronic Payments Resource, Dallas, Texas.   If you are interested in recruiting volunteers to help with your bank’s community service project, please contact Darlene Revers at 800.749.4228.

Don't Mess with Texas Bankers


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 adage that everything is big in Texas is flat-out wrong, especially when talking about the dominant banks in many of the state's markets.

A community bank held the most deposits in at least nine Texas metropolitan areas at June 30, according to data recently issued by the Federal Deposit Insurance Corp. Big banks are the top dogs in most U.S. markets... read more.


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

Communities First Act Update


We are pleased to report that Senator Kay Bailey Hutchison has again come through and has agreed to cosponsor S. 1600, a comprehensive bill designed to reduce regulatory and tax burden on community banks.  “Senator Hutchison has a long history of supporting community bank initiatives, and we are delighted that she has agreed to add her name to a growing list of supporters for this important legislation”, said Chris Williston, President and CEO of IBAT.  
 
The Communities First Act is an ICBA initiative supported by community banker associations across the country.  Senator Hutchison was the author of several IBAT initiatives in prior Congresses aimed at reducing regulatory and tax burden on community banks, and enhancing their competitive standing.

'Swarming’ Tellers Help Extraco Boost Efficiency


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.

Extraco Banks in Temple, Texas, has taken the opposite tack of large banks such as Bank of America in several ways.

Where big banks are starting to charge debit fees to make up for interchange income lost to the Dodd-Frank Act's Durbin amendment, Extraco has rolled out a debit rewards program that shares some of the interchange income that remains. Extraco has also been investing in branch technology and in the hiring and training of branch staff... read more.


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

Pages