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| RECENT NEWS |
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We were pleased to learn this week that IBAT will be awarded the Governor's Award for Historical Preservation. Governor and Mrs. Perry will present the award in a special ceremony at the Governor's Mansion on July 28.
Since 1994, IBAT has been the major sponsor of the Texas Historical Commission's Main Street Tour helping to restore and revitalize rural communities and spur economic development. The IBAT Leadership and staff and independent community banks statewide will be recognized for our ongoing commitment to community revitalization.
In Memory
All of us at IBAT were saddened this week by the news of the death of Leonard Passmore. Leonard was General Counsel of the Texas Bankers Association for over 20 years before retiring in 1986.
All Texas bankers will remember Leonard for his sharp mind and quick East Texas wit, but mostly he will be remembered as a gentle man who brought joy to his family and everyone he came into contact with.
You may read more about this legend of the banking industry by clicking on the following link: Leonard Passmore |
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| ON THE HILL |
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But Didn't They Just Leave?
The 80th Texas Legislature will convene January 9, 2007. Sounds like a long way off, but your government relations staff is well into the preparation phase for this important session. IBAT will again lead the charge with community bank-focused proactive initiatives, and is also planning strategies to mitigate the unfavorable legislation certain to be introduced. Our Legislative and PAC Steering Committees will meet on July 31 to address these and other issues. If there are specific issues you would like to see addressed at the next session, please call (800/749-4228) or e-mail Steve Scurlock.
Redistricting Redo
The U.S. Supreme Court has finally ruled in the mid-decade Texas Congressional redistricting case. Here's the bottom line - CD 23, now represented by Henry Bonilla, was the only district found to be a problem for various reasons. A redraw of that district will have some impact on at least 2 of the other south Texas districts. A hearing is scheduled for August 3 in Austin at the Federal Court of Appeals to evaluate the options - none of which are good ones with the November elections looming. This could be either a major mess or an annoyance depending upon the Court's decision. We shall keep you apprised as this saga progresses. |
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| LEGAL EASE QUESTION OF THE WEEK |
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If our bank had a secured loan with Kinky Friedman, would we use "Kinky Friedman" in the Debtor field of the UCC-1?
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
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| WELCOME NEW ASSOCIATE MEMBERS |
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Also, please help us recognize the following Associate Members for 15 years of dedicated service to IBAT members:
Please see our complete list of Associate Members for more details. |
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| IBAT EDUCATION FOUNDATION |
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Question: Who are the two firms that collaborated to offer "stored-value cards" to teenagers?
To find the answer: Go to www.foundation.ibat.org. Under "Who You Are," click on "Bankers." In the right-hand column, read the article entitled "Two Texas Firms Collaborate on Prepaid Cards for Teens." (answer next week) |
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| SOLUTIONS FROM SERVICES |
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With the collective expertise of Tom Jordan and M Benefit Solutions- Bank Strategies/ECI you can effectively attract, retain, reward, and eventually retire the best and the brightest, without draining your financial resources. They are a premier provider of design and financing alternatives for bank executive and director benefit plans. Come visit their exhibit at the IBAT Convention in San Antonio. |
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| BAKER WEEKLY |
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The U.S. economy added 121,000 jobs in the month of June, falling short of economists’ consensus expectation of 175,000. May’s figure was revised up from 75k jobs to 92k, bringing the year-to-date average to just over 142,000 per month. The manufacturing sector added 15,000 jobs for the month of June. Read more in this week's Baker Weekly. 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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ON THE EDUCATION FRONT |
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The Bank Operations Institute (BOI) is a two year program that provides the practical management and leadership techniques necessary for successful community bank operations. The dynamic curriculum is monitored by regulators and bankers and offers strategic insight into both the present and future of banking technology, processes, and project management.
The 2006 BOI is scheduled for October 8-13 at the Southern Methodist University (SMU) campus in Dallas, Texas.
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IBAT Education and PBS co-sponsor the following programs: |
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July 11 - San Antonio
July 12 - Irving
July 13 - Tyler
July 14 - Houston
July 19 - Houston
July 25 - Lubbock
July 26 - San Antonio
July 27 - Waco
July 28 - Irving
August 9 - Houston
August 16 - Irving
August 17 - San Antonio | |
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COMING SOON |
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For a complete listing of upcoming events, click here. Meanwhile, please mark your calendar for some of our key events for 2006.
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August 1-2, 2006 - Irving |
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August 6-11, 2006 - Lubbock |
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September 1-4, 2006 - Coeur d'Alene, Idaho |
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October 1-3, 2006 - San Antonio |
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October 8-13, 2006 - Dallas | | |
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Contact IBAT or if you have comments or questions about this newsletter,
email or call Bonnie Kankel at (800) 749-4228. |
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