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Did you know...
All words and phrases in blue in this newsletter are links to more information!
 Legal Ease Question of the WeekQuestion: A new accounts person opened up an account for a check casher. Our board is worried about the responsibilities with monitoring/due diligence and has decided NOT to have MSB accounts. Can we close this account? To find out the answer, click on the flashing question mark. You can also check out our growing database of other Q&As!
 From the Legal DepartmentOne of the services of IBAT's Legal Department is to file Amicus Curiae (Friend of the Court) Briefs in those appellate cases which present legal issues with the potential of having a significant impact on the ways that the IBAT membership conduct their Business. A good example is Wells Fargo Bank, N.A. v. Citizens Bank of Texas, which is on appeal in the Tenth Judicial District - Waco. IBAT has filed a cogent and well-reasoned Amicus brief, urging the Court of Appeals to affirm the damages awarded by the trial court to Citizens National Bank for damages resulting from Wells Fargo's manipulating the timing of the presentment of checks in a correspondent banking relationship. Click here for more information about the case.  Five Star AwardsDon't forget to cast your vote for your Five Star Award nominee... actually your THREE nominees. You be the judge. Your participation will help determine the winners! Voting ends Monday, June 27.
 31st Annual Convention Preliminary convention information is available on our Web site, including a current sponsor list and information on sponsorship and exhibit opportunities.
 We Need Your PIN If your bank has a LAPEL PIN, we'd like to place it in a display for the IBAT Boardroom. We’re hoping to collect as many pins as possible from our members across the state. If you have a lapel pin that you can part with, please send it to Mae Beth Palone, IBAT, 1700 Rio Grande, Suite 100, Austin, TX 78701.
 This week we will start sending you a link to an informative newsletter from our endorsed provider, The Baker Group. Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
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Books to  Out
The Account Documentation Manual has gone online. It's an essential reference resource to answer questions when opening and administering deposit accounts. Solutions From Services
ATTENTION IBAT and CBAO Bank Members! You are invited to join IBAT's and CBAO’s newest Endorsed Service Provider, M Benefit Solutions - Bank Strategies’ Executive Briefings. Topics such as the latest trends and issues related to retention, reward and development of your bank’s leadership will be presented. The three hour session will offer an exploration of evolving practices and views on effective compensation programs to recruit, retain, motivate and reward senior executives and directors. For more information click on the appropriate link below:
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Congratulations!
Just a couple of months after Dawson County was organized in March of 1905, Lamesa became the county seat and the citizens recognized the need for a financial institution. A century later, The First National Bank of Lamesa, under the leadership of President and CEO Bob Brown, its directors and employees, is celebrating its 100th Anniversary. The IBAT Board of Directors and staff would like to congratulate The First National Bank of Lamesa on this important milestone for the citizens of the Lamesa community, Dawson County and the Texas community banking industry.. |
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