The Arkansas Banker July 2015

Q&A With Congressman Crawford

Leadership Conference

New Overtime Rules

The Arkansas

Banker

What do you need to know about the FFIEC Cybersecurity

Assessment Tool?

Volume XCIX, No. 7 | July 2015 July 2015 | The Arkansas Banker

1

Take Your

Lawmaker to Work Week September 21–25, 2015 Help give Congress a hometown perspective. Invite your senators or representative to experience a “day in the life” of a banker, and show them firsthand how many of the issues on their legislative agenda affect the work you do on a daily basis.

Join ABA and bankers across America during Take Your Lawmaker to Work Week.

Register at aba.com/LawmakersAtWork 2

The Arkansas Banker | July 2015

The Arkansas

Banker Volume XCIX, No. 7 | July 2015

The Arkansas Banker is the official publication of the Arkansas Bankers Association.

EDITORIAL OFFICE

1220 West Third Street Little Rock, AR 72201 Phone 501.376.3741 | Fax 501.376.9243 www.arkbankers.org

CONTENTS COLUMNS

SUBSCRIPTION

Subscription to The Arkansas Banker magazine, which began monthly publication in April 1917, is included in the membership fees to the Arkansas Bankers Association.

DEPARTMENTS

FEATURES

Gov. Frank Keating

27 Member News 29 Banker News & Moves 31 Classifieds

8

Get to Know Congressman Rick Crawford

12

FLSA Proposed Overtime Rules Are Out: Be Proactive and Stay Ahead of the Curve

by Bruce Johanson

14 What Do You Need to

Know About the FFIEC

Cybersecurity Assessment Tool?

by Jon Waldman

24 125 Years of the ABA:

Developing Leadership

MAGAZINE RATES

POSTMASTER: Send address changes to Arkansas Bankers Association, 1220 West Third Street, Little Rock, AR 72201.

Washington Update

31 Index of Advertisements

Cover price is $5.95 each. Annual subscription rates are $40.00 for members and $60.00 for non-members.

The Arkansas Banker (ISSN 004-1726) is published monthly by the Arkansas Bankers Association, 1220 West Third Street, Little Rock, AR 72201.

Phone: 501.376.3741. Periodical postage paid at Little Rock, AR.

6

Bill Holmes

26 Professional Development

ADVERTISEMENT

The publication of advertisement does not necessarily represent endorsement of those products or services by the Arkansas Bankers Association. The Editor reserves the right to refuse any advertisement.

President’s Column

EDITORIAL

The Arkansas Banker seeks to reflect the banking news of Arkansas and other news of direct interest to the Arkansas Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Arkansas Bankers Association. Articles may be reproduced with written permission only.

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2015 LEADERSHIP CONFERENCE

16 2015 Leadership

Conference Wrap-Up 20 Faces of the ABA:

2015-16 Emerging Leaders

Section Executive Council 22 Faces of the ABA:

2015-16 Emerging Leaders

Section Council

July 2015 | The Arkansas Banker

3

PRESIDENT’S COLUMN The Climate is Heating Up, Is Relief Near?

I hope all of you were able to gather with family and friends and enjoy a grand Fourth of July. Hot dogs, lemonade, watermelon, sunshine and cool waters at the lake all added up to a good break from work and a little needed relaxation. It also allowed us all to reflect on the great freedoms and bountiful blessings we have in this country.

With this holiday weekend, we have reached the midpoint of 2015 and I feel it is appropriate to catch up and see where we are in the legislative process on regulatory reform at the national level.

As I’ve said at many of our meetings over the past 18 months, the climate for reform has heated up, just like July’s weather. There are many bills in play, but when will we get some actual relief?

Our delegation in Congress, our federal and state regulatory agencies, and our trade associations all agree that it is time for needed regulatory reform for community banks. The question is how soon we will see the bills passed and turned into laws and reforms.

The most complete package of reforms getting the majority of attention is S. 1484, the “Financial Regulatory Improvement Act of 2015.” This bill was introduced by Sen. Richard Shelby (R-Ala.) Chairman of the Senate Banking Committee.

The Senate Banking Committee approved it on a 12-10 (party-line) vote. It is now eligible for

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The Arkansas Banker | July 2015

consideration on the Senate floor. It does face significant amending to get through the floor actions to become a passed bill. Partisan politics are a given in the Senate.

But, there is a positive push for reform, so, what other alternatives have been presented in Congress? The first meaningful reforms we may get are bills that have been introduced and are receiving less attention than the Chairman’s Bill.

Rep. Scott Tipton (R-Colo.) and Rep. Andy Barr (R-Ky.) have each introduced important bills that, taken together, would get us needed regulatory reform. Just before the Fourth, Rep. Tipton introduced H.R. 2896, a bill that would bring about “tailored” regulatory relief for financial institutions based on the bank’s business operating model, products, and risk profile. This important bill would direct regulators to ‘tailor’ regulations by applying rules where needed while cutting back where they are not. It’s the first step toward creating a system in which community banks are treated differently for regulatory purposes. Tipton’s bill offers the possibility of real and targeted relief for banking institutions facing the tsunami of new regulations while rolling back none of the important protections recently put in place in DFA. H.R. 2896 would benefit every bank in Arkansas, and it would also bring relief for 95 percent of hometown banks nationwide.

PRESIDENT & CEO BILL HOLMES

ABA EXECUTIVE COMMITTEE Rep. Barr’s bill, H.R. 1210, is written to reinvigorate mortgage lending in many small communities around the country by treating all residential real estate mortgage loans that are originated and retained by the bank for the balance of their term as “Qualified Mortgages.”

Bankers continue to tell us that this is perhaps the most important thing we can be doing, and we’ve been working on getting it both introduced and through the process for some time.

Floor time is short in the Senate. We should know where we stand by the end of the August recess. If we have not had one of these bills get through the Senate by then, one final potential path lies in the appropriations process that will occur late this year. It’s possible that some amendments might be attached to “must-pass” appropriation legislation and that could result in the regulatory relief that we have all been waiting on.

Join us for our Bank Management Seminar, August 6-8 in Rogers, and Larry Seyfried, AmBA’s SVP for Congressional Relations will give us on update on the progress being made toward reg reforms.

I encourage you to bring your families and see the tremendous growth going on in Northwest Arkansas. See you there!!

Parkway Bank, Rogers

ROBERT Y. TAYLOR | CHAIRMAN

SEAN WILLIAMS | CHAIRMAN-ELECT First National Bank of Wynne, Wynne

DAVE DICKSON | VICE CHAIRMAN Union Bank & Trust Co., Monticello

JUDY LAWTON | TREASURER Heartland Bank, Little Rock

CHUCK MORGAN | PAST CHAIRMAN Relyance Bank, Pine Bluff

BILL HOLMES | PRESIDENT/CEO Arkansas Bankers Association, Little Rock

ABA BOARD OF DIRECTORS PHIL BALDWIN | GROUP 2 Citizens Bank, Batesville

J. MICHAEL JONES | GROUP 5 Merchants & Farmers Bank, Dumas

GREG CONNELL | GROUP 2 The Farmers & Merchants Bank, Perryville

CRAIG MOBLEY | GROUP 4 First Financial Bank of El Dorado, El Dorado

TROY DUKE | GROUP 5 Bank of Rison, Rison

WILSON MOORE | GROUP 2 Bank of America, Little Rock

Regions Bank, Hot Springs

ELIZABETH FARRIS | GROUP 4

JERRY MORGAN | GROUP 1 Focus Bank, Jonesboro

GARY GOLDEN | GROUP 4 First State Bank of DeQueen, DeQueen

Eagle Bank, Little Rock

SCOTT HANCOCK | GROUP 3 Centennial Bank, Fayetteville

RANDY SCOTT | GROUP 1 Farmers Bank & Trust Co., Blytheville

DREW HARPER | GROUP 2 Bank of the Ozarks, Little Rock

MIKE SMITH | GROUP 5 McGehee Bank, McGehee

JON HARRELL | GROUP 3

JIM TAYLOR | GROUP 3 First Security Bancorp, Fayetteville

DARWIN HENDRIX | GROUP 4

STANHOPE WILKINSON | GROUP 3 Farmers Bank & Trust, Greenwood

First Bank, Rogers

Bank of Delight, Delight

CATHERINE OWEN | GROUP 2

CHARLES HORTON | GROUP 1 Fidelity Bank, West Memphis

BANK MANAGEMENT SEMINAR

AUGUST 19-23, 1940

The third annual Arkansas Bank Management Seminar was held at the University of Arkansas at Fayetteville. Topics at the three-day event included: The Banker’s New Stewardship Bond Portfolio Management with Special Reference to Municipal Bonds Mortgage Loans and Real Estate Problems The Future of Interest Rates The Place of Livestock in the Program of Permanent Agriculture Readjustments in Farm Enterprises Resulting from Soil Conservation Practices Housing for Rural People Credit and Economic Systems of the Farm The Industrialization of Arkansas Law Making for the Future of Arkansas Competition of Government Sponsored Credit Agencies with Commercial Banks

ABA STAFF BILL HOLMES

PRESIDENT/CEO 501.978.3602 | bill.holmes@arkbankers.org

CARLA BRINKLEY

VP/CONTROLLER 501.978.3608 | carla.brinkley@arkbankers.org

AVA FRANKS

VP/DIRECTOR OF GOVERNMENT RELATIONS 501.978.3606 | ava.franks@arkbankers.org

JESSICA SAHENE

AARON GAMEWELL

EVP/COO 501.978.3613 | aaron.gamewell@arkbankers.org

KAMI TAYLOR COLEMAN

VP/PROFESSIONAL DEVELOPMENT 501.978.3614 | kami.coleman@arkbankers.org

TRACI LOGSDON

DIRECTOR OF COMMUNICATIONS 501.978.3603 | traci.logsdon@arkbankers.org

TERRI KELLY

MARKETING COORDINATOR 501.978.3609 | jessica.sahene@arkbankers.org

PROFESSIONAL DEVELOPMENT COORDINATOR 501.978.3607 | terri.kelly@arkbankers.org

STUART THALHEIMER

BRENDA SCARBROUGH

EXECUTIVE ASSISTANT ADMINISTRATIVE ASSISTANT 501.978.3605 | stuart.thalheimer@arkbankers.org 501.978.3600 | brenda.scarbrough@arkbankers.org July 2015 | The Arkansas Banker

5

WASHINGTON UPDATE Dodd-Frank at Five: It’s No ‘Happy’ Birthday July 21 is the fifth anniversary of the DoddFrank Act. The legislation was hailed by its proponents as critical to ensuring a safer, more stable financial system. But in reality, in replacing flexible bank supervision with a rigid regulatory structure, Dodd-Frank’s authors have put many banks — particularly small community banks, in harm’s way.

In failing to anticipate the effect that Dodd-Frank would have on different sectors of the banking industry, lawmakers left community banks struggling to keep up with outsized regulatory demands and the excessive cost of complying with thousands of pages of new regulation. This flood of new rules has hamstrung larger banks as well, though they have been able to bring greater resources to the table.

AmBA anticipated the law’s effects, which is why we adamantly opposed the legislation. We knew the CFPB was invested with way too much power and not enough oversight. We knew the bill — which reached beyond crisis issues to impose unrelated restrictions, such as government price controls on banks’ interchange services — would unfairly impact traditional banks, which were more victim than villain in the crisis.

We fought consistently throughout the legislative process to eliminate or temper such provisions, warning that they would result in fewer consumer choices and restricted credit. By working together with state bankers associations and grassroots bankers, we improved the DoddFrank bill as much as the politically charged atmosphere at the time would allow. And since enactment, we have focused on making the required rules more workable, emphasizing the need for regulation to be tailored to the different risk profiles and business models of our diverse industry.

While that has helped — for instance, we won a safe harbor for QM loans and scored big improvements to the Volcker Rule,

particularly after we sued the regulators over it — Dodd-Frank has still dramatically impacted community banks. Fearful of running afoul of new regulations, many have opted to forgo new product lines and even traditional ones, most notably residential mortgages.

Faced with increased risk and diminishing returns, many small banks have chosen to merge with other institutions or simply close their doors. In fact, since the height of the crisis in September 2008, the banking industry has lost more than one bank per business day — 1,965 to be exact. Dodd-Frank may not be the only cause for that, but there is no question the law is reshaping the U.S. financial system — with small banks emerging as the biggest losers.

GOV. FRANK KEATING President & CEO American Bankers Association

Taken together these figures illustrate the darker side of Dodd-Frank, and the effect that tens of thousands of pages of prescriptive regulations have had on the banking industry. It also raises the question: Has Dodd-Frank, however well intended, done more to harm banks than to make the industry safer?

The best way to mark Dodd-Frank’s anniversary is to candidly address the legislation’s accomplishments as well as its shortcomings.

Even former Rep. Barney Frank, for whom the law is named, has admitted that fixes need to be made. No bill that large and complex gets every provision right.

Sen. Richard Shelby’s regulatory relief bill, which is currently pending in the Senate, attempts to right some of what Dodd-Frank got wrong. It also includes common-sense changes to nonDodd-Frank rules, such as the requirement that banks mail privacy notices every year even when their policies haven’t changed. The enactment of such legislation may be the best way to recognize Dodd-Frank at five. It would help ensure the law does what was intended — ensure a more stable financial system that supports the health of banks and their communities.

© 2015 American Bankers Association. All rights reserved. Reprinted with permission.

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The Arkansas Banker | July 2015

ABA Live Events ABA Professional Development

Live Events...

Provide you with face-to-face interaction with an expert instructor!

AUGUST 2015 6-8

| Bank Management Seminar

18

| Cybersecurity Road Show

19

Embassy Suites, Rogers Who Should Attend: Bank Directors, CEOs, Presidents and Senior Management Hilton Garden Inn, Jonesboro Who Should Attend: Information Security Officers, Information Technology Staff, Presidents, Vice Presidents, Senior Managers, Auditors, and Board of Directors

20

Holiday Inn Presidential, Little Rock Who Should Attend: Information Security Officers, Information Technology Staff, Presidents, Vice Presidents, Senior Managers, Auditors, and Board of Directors

24-28 | Consumer Lending School

Crowne Plaza, Little Rock Who Should Attend: This course is appropriate for any level of bank personnel who would like a better understanding of consumer lending; however, those who are new to banking will especially benefit.

| Cybersecurity Road Show

The Chancellor Hotel, Fayetteville Who Should Attend: Information Security Officers, Information Technology Staff, Presidents, Vice Presidents, Senior Managers, Auditors, and Board of Directors

| Cybersecurity Road Show

25

| Legal Issues of New Account Documentation

Crowne Plaza, Little Rock Who Should Attend: Customer Contact Personnel, Supervisors & Officers whose responsibilities include opening or managing new accounts and certificates of deposit, Internal Auditors and Compliance Officers

SEPTEMBER 2015 3-4

| Training the Bank Trainer

8

| Call Report Preparation: An Update

16

| Fraud Prevention Workshop

Holiday Inn Presidential, Little Rock Who Should Attend: Bank Supervisors, Branch Managers, Trainers, and those responsible for the bank’s training efforts Holiday Inn Presidential, Little Rock Who Should Attend: Anyone responsible for preparing, auditing, or signing the call report Crowne Plaza, Little Rock Who Should Attend: Security Officers, Cash Management Officers, Bank Legal Counsel, Operations Managers, Chief Information Officers, and Branch Managers

22-23 | Compliance Conference

Crowne Plaza, Little Rock Who Should Attend: BSA Officers, Compliance Officers, Internal Auditors, and Senior Management

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| BSA/AML Compliance Management

Crowne Plaza, Little Rock Who Should Attend: Personnel who have responsibility for maintaining or auditing BSA compliance efforts

27-1 | Basic Lending School

Holiday Inn Presidential, Little Rock Who Should Attend: Loan Officers and Lending Support Staff

For more information about ABA Live Events, log on to www.arkbankers.org or call 501.376.3741

July 2015 | The Arkansas Banker

7

Get to know Arkansas’s Congressman

Rick Crawford Hometown:

Jonesboro, Arkansas

Alma Mater:

Arkansas State University

Elected to Office: November 2, 2010

Click here to visit Congressman Rick Crawford online!

Committee Assignments House Committee on Agriculture Chairman, Subcommittee on General Farm Commodities and Risk Management Subcommittee on Nutrition House Committee on Transportation and Infrastructure Subcommittee on Highways and Transit Subcommittee on Water Resources and Environment Subcommittee on Economic Development, Public Buildings, and Emergency Management

Contact Congressman Crawford Congressman Rick Crawford 1711 Longworth HOB Washington, D.C. 20515 Phone: 202.225.4076 Fax: 202.225.5602 Facebook: https://www.facebook.com/RepRickCrawford Twitter: https://twitter.com/RepRickCrawford Instagram: https://instagram.com/reprickcrawford/

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The Arkansas Banker | July April2015 2015

Email Contacts: Chief of Staff jonah.shumate@mail.house.gov Legislative Director chris.jones@mail.house.gov District Director andrea.allen@mail.house.gov

From an economic standpoint, what is the major focus of the session? And what can we expect to see result from this focus?

The major focus this session in the House continues to be taking important steps to promote economic growth and foster job creation. A central theme remains to be finding ways to eliminate or streamline unnecessary regulations that hamper economic activity.

Give us a progress report regarding ongoing measures for regulatory relief for Arkansas’s hometown banks.

Despite Congress’ best efforts, the Administration continues to roll out regulation after regulation that disproportionately impacts community banks.

I’m afraid to say that regulators show little interest in accommodating the major structural differences in our Nation’s financial institutions. More often than not, agencies impose one-size-fits-all regulatory structure to all banks, regardless of size and the systemic risk posed to the financial system. Even though these rules are designed to prevent a repeat of the 2008 financial crisis, they fail to take into account not only the fact that community banks took no part in the crisis, but also that community banks do not pose a systemic risk to the financial system. No agency better demonstrates this problem than the unrestrained Consumer Financial Protection Bureau (CFPB).

My efforts are aimed at both rolling back specific burdensome CFPB regulations and — more fundamentally — changing the way the agency does business. Currently, the CFPB operates on a blank check from the Federal Reserve and does not have to go through the annual Congressional appropriations process. This leaves Congress with little leverage and influence over its policymaking

decisions. This must change before Congress can take meaningful action and provide needed relief.

Please list three goals you have to alleviate the regulatory burden of hometown banks.

As I stated, I believe Congress must first start with reining in the CFPB by making it subject to the annual appropriations process. That way, elected representatives will have more influence over the regulations it writes to ensure that the differing needs of community banks are taken into account during rulemakings.

Secondly, I believe Congress should exercise its “Power of the Purse” during the annual appropriations cycle to de-fund or restrict the enforcement of regulations that do not make sense for the community banking industry.

Lastly, I believe Congress must exercise its oversight powers to hold bureaucrats accountable in Committee hearings, and press hard for the enactment of commonsense changes to regulations that have an unfair impact on small communities.

I believe these are important steps we can take during a time of divided government, particularly when the President refuses to sign legislation that significantly rolls back his second biggest legislative achievement, DoddFrank.

Will you be sponsoring legislation?

Yes, I will continue to support legislation to relieve burdensome regulations that unnecessarily stifle lending and economic growth.

Congressman Crawford and Senator Boozman tour the Independence County Steam Electric Station in Newark in May.

April July 2015 | The Arkansas Banker

9

Are there any notable hearings that you have taken part in this session?

As Chairman of the Subcommittee on General Farm Commodities and Risk Management, I held a hearing in June entitled “Update on the Financial Health of Farm Country.” In this hearing, we discussed the dramatic downturn in in farm prices, and how farm policy is serving as an important backstop to ensure farmers are protected in low price scenarios and disasters. I heavily emphasized how farmers would have a lot more trouble getting loans from community banks in the absence of risk management tools provided by crop insurance and commodity support programs. The agriculture and community banking industries are strongly intertwined, and I believe the success of both industries is key to maintaining economic strength and a high quality of living in rural America. The input of the community banker is key to informing sound farm policy so that farmers have access to the credit they need to keep their operations afloat.

What is the best way for individual bankers to let you know their views on legislation that affects your constituents?

The best way would be to call my office in Washington and ask to speak to my legislative director, Chris Jones, who handles financial services.

Congressman Crawford poses for a selfie with a group from the Jonesboro Chamber of Commerce.

What are the last two books you’ve read?

The Prodigal God by Timothy Keller I’m currently working my way through the Lonesome Dove series by Larry McMurty

What do you do on the weekends?

...and the last two movies you’ve seen?

I try to spend as much time as I can with my wife and kids.

When the weather is nice I like to go fly-fishing on the White, Little Red, or Spring Rivers.

Home Cinderella ...anyone with kids will understand.

Sean Williams, First National Bank, Wynne; Curtis Gentry, First National Bank of Eastern Arkansas, Forrest City; Congressman Crawford; Charles Horton, Fidelity Bank, West Memphis; and Gary Hudson, The Farmers & Merchants Bank, Stuttgart, during a Congressional Bank Visit in August of 2013.

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The Arkansas Banker | July April2015 2015

ABA Webinars ABA Professional Development

Webinars...

Provide the option of training as many employees as you wish for one price, all from the convenient location of your home institution!

Regulations B & Z Appraisal Rules 8/4/2015 1:30 p.m. - 3:30 p.m.

Entering the World of Consumer Lending: Part III 8/4/2015 1:30 p.m. - 3:30 p.m.

BSA Series: Account Opening Procedures 8/7/2015 10:00 a.m. - 12:00 p.m.

Mortgage Loan Originator Required Training Series: Part II 8/18/2015 10:00 a.m. - 12:00 p.m.

Basics of FDIC Deposit Insurance 8/10/2015 1:30 p.m. - 3:30 p.m.

10 Things To Look For When Analyzing Profit & Loss Statement 8/4/2015 10:00 a.m. - 12:00 p.m.

Writing Teller Training and Procedures 8/11/2015 10:00 a.m. - 12:00 p.m.

Flood Insurance Fundamentals: What Do You Need To Know?

8/19/2015 1:30 p.m. - 3:30 p.m.

Signature Card Danger Zones 8/5/2015 1:30 p.m. - 3:30 p.m.

ACH Exception Processing 8/11/2015 1:30 p.m. - 3:30 p.m.

Excel Explained: Pivot Tables 8/5/2015 10:00 a.m. - 12:00 p.m.

Conducting Your Annual Physical Security Review 8/12/2015 1:30 p.m. - 3:30 p.m.

The Aging Workforce: A Legal Focus 8/6/2015 10:00 a.m. - 12:00 p.m.

Call Report RC-R, Risk-Based Capital: Part I 8/6/2015 1:30 p.m. - 3:30 p.m.

Currency Transaction Reporting: Line By Line 8/6/2015 1:30 p.m. - 3:30 p.m.

Regulatory Report Preparation of FR Y-9C: Part II 8/7/2015 1:30 p.m. - 3:30 p.m.

IT Security Issues & Solutions 8/13/2015 1:30 p.m. - 3:30 p.m.

SBA Lending: Demystifying the Risk of Monitoring & Compliance 8/14/2015 1:30 p.m. - 3:30 p.m.

Introduction To Bank Marketing 8/17/2015 1:30 p.m. - 3:30 p.m.

Vital Issues on Cashiers Checks 8/18/2015 1:30 p.m. - 3:30 p.m.

Lending Basics for Support Personnel 8/18/2015 1:30 p.m. - 3:30 p.m.

BSA/AML Compliance: Recent Developments & Common Errors 8/19/2015 1:30 p.m. - 3:30 p.m.

Basic Cash Flow Analysis 8/20/2015 10:00 a.m. - 12:00 p.m.

Consumer Construction Loans 8/20/2015 1:30 p.m. - 3:30 p.m.

Compliance Perspectives 8/20/2015 10:00 a.m. - 12:00 p.m.

Commercial Construction Loans 8/24/2015 10:00 a.m. - 12:00 p.m.

Understanding Loan Documents: Part I 8/25/2015 10:00 a.m. - 12:00 p.m.

Best Ever Consumer Compliance Checklists 8/26/2015 1:30 p.m. - 3:30 p.m.

For more information about ABA Webinars, log on to www.arkbankers.org or call 501.376.3741

July 2015 | The Arkansas Banker April

11

FLSA Proposed Overtime Rules Are Out:

Be Proactive & Stay Ahead of the Curve!

In order for a two week vacation to be relaxing and fun, it takes a certain amount of pre-planning. Our family completed a two week vacation out west with various overnights and stops at famous places in Kansas, Utah, Wyoming, Montana, South Dakota, and Missouri. We had set times and days for certain events and some flexible time for what we might discover along the way. Our children were involved in the planning and it was by far the best vacation our family has taken to date.

organization estimates that 6 million exempt salaried U.S. employees could now become non-exempt hourly workers. Based on several sources, the salary test and primary duties test for determining whether a job is classified as exempt or non-exempt will also be impacted. The current annual exempt salary level of $23,660 will increase to $50,440 or $970 a week. The primary duties test is projected to require that at least 50 percent of an employee’s essential duties be considered as exempted level duties.

When you hear the acronym FLSA, it is not a term that rates as high as “two week vacation.” However, they are similar as they both require proactive planning to ensure a positive outcome.

The time for pre-planning is now.

Review job duties and tasks to determine which positions may be at risk. Take the time to include managers and employees that live and perform the job, to confirm the make-up and requirements of the position.

The proposed FLSA changes following President Obama’s directive to expand the eligibility for more employees to receive overtime pay were finally announced by the President on June 29, 2015. The World at Work

In the future, there is a strong likelihood that the Department of Labor will actually want to observe an employee in their position to

verify what the job description states compared to actual performance.

Making sure that each job description is correct and matches with what the employee is doing will be a normal function of the company’s compliance efforts.

Taking steps now to ensure this compliance will give you a peace of mind equal to your next two-week vacation.

For more information on the new FLSA changes, contact Bruce or Blair Johanson at DB Squared / Johanson Group, (479) 521-2697.

ABOUT THE AUTHOR

Bruce Johanson is the Principal Partner/ Co-Owner of DB Squared / Johanson Group, and has over 30 years of business operations experience with a focus on strategic planning, budgeting, and marketing and human resource management. The Johanson Group is an ABA Endorsed Vendor.

12

The Arkansas Banker | July 2015

AmBA Training ABA Professional Development

AmBA Training...

Provides valuable curriculum in a virtual classroom setting, with the leadership of industry professionals. All assignments and exams are completed online.

General Accounting

Law & Banking Principles

7/27/2015 - 11/15/2015

9/8/2015 - 1/10/2016

Analyzing Financial Statements 8/3/2015 - 11/29/2015

Managing the Bank’s Investment Portfolio 8/3/2015 - 9/6/2015

Principles of Banking 9/8/2015 - 1/10/2016

Analyzing Bank Performance 9/14/2015 - 11/1/2015

Consumer Lending 9/14/2015 - 1/17/2016

Principles of Banking Accelerated

General Accounting

8/3/2015 - 10/11/2015

9/14/2015 - 1/17/2016

Basic Administrative Duties of a Trustee

Law and Banking: Applications

8/10/2015 - 9/13/2015

9/14/2015 - 1/17/2016

Commercial Lending

Economics for Bankers

8/10/2015 - 11/1/2015

9/21/2015 - 1/24/2016

Principles of Banking

Principles of Banking

8/10/2015 - 12/6/2015

9/21/2015 - 1/24/2016

CRCM Online Review Course

Supervisor Certificate

8/17/2015 - 10/25/2015

9/21/2015 - 1/24/2016

Analyzing Financial Statements

Introduction to Trust Products & Services

9/8/2015 - 1/10/2016

9/28/2015 - 11/1/2015

IRA Online Institute

Analyzing Financial Statements

9/8/2015 - 11/30/2015

Introduction to Agricultural Lending 10/5/2015 - 12/13/2015

Marketing Financial Services 10/5/2015 - 2/7/2016

Principles of Banking 10/5/2015 - 2/7/2016

General Accounting 10/13/2015 - 2/14/2016

Law and Banking: Applications 10/13/2015 - 2/14/2016

Principles of Banking Accelerated 10/13/2015 - 1/3/2016

Consumer Lending 10/19/2015 - 2/21/2016

Principles of Banking 10/19/2015 - 2/21/2016

Commercial Lending 10/26/2015 - 1/31/2016

Introduction to Mortgage Lending 10/26/2015 - 2/28/2016

10/5/2015 - 2/7/2016

Be watching for an AmBA Training Course Catalog at your bank!

For more information about AmBA Training, log on to www.arkbankers.org or call 501.376.3741

July 2015 | The Arkansas Banker

13

What do you need to know about the FFIEC

Cybersecurity Assessment Tool?

ABOUT THE AUTHOR

Jon Waldman, Partner and Senior Information Security Consultant for Secure Banking Solutions, LLC, is a Certified Information Systems Auditor (CISA) and Certified in Risk and Information Systems Control. He is the co-founder of SBS, and over the last ten years has helped hundreds community banks across the country create and implement comprehensive, valuable, and manageable Information Security Programs. SBS is an ABA Endorsed Vendor.

14

As promised in their 2014 Cybersecurity Observations publication, the FFIEC has released new guidance in the form of a Cybersecurity Assessment Tool. As one would expect, it has a heavy focus on CEO and Board level involvement, as well as tying controls to other FFIEC and NIST resources in order to assemble a set of expectations for financial institutions based on their size and complexity.

However, this new assessment tool not only provides financial institutions a method to evaluate the maturity of their Information Security Program to address cyber threats, but it also gives examiners a method to create a risk-based cyber examination process. If you think about the old FFIEC handbooks, which don’t really delineate between institutions of different size and complexities... that’s exactly what the FFIEC appears to be doing here on the cybersecurity side of the information security world.

The Arkansas Banker | July 2015

Interestingly enough, this new tool is also very prescriptive in that inherent risk and maturity expectations are outlined in specific detail, which is another (welcome) change from traditional guidance. It’s essentially giving institutions examination procedures that they can use to point to exactly where they are in the realm of cybersecurity, as well as exactly where institutions need to be regarding the implementation of controls.

For those who have completed the FDIC IT Officers questionnaire in the past, this tool resembles that process very closely with two significant differences: the FDIC Officer’s Questionnaire has a signature line for accountability but does not have a risk-based scoping process to vary expectations on institutions based on size and complexity.

Another significant question that needs to be addressed is how this new assessment affects what institutions are currently doing regarding a documented Information

Security Program. Please be sure to understand that this new Cybersecurity Assessment Tool is not a replacement for any current risk management process; it’s an addition to current Information Security Program processes that ensures financial institutions have adequate controls in place to mitigate the risk of cyber-specific threats. This doesn’t replace anything from a standard or traditional ISP, including an asset-based IT Risk Assessment. It’s a different vantage point that should allow Senior Management and the Board of Directors to better understand the institution’s maturity when it comes to preparing for and mitigating risk around the increasing cybersecurity attacks that are affecting networks and organizations on a much more regular basis.

So, what are the big takeaways for those that need to understand this new tool at your own financial institutions? First, the assessment tool identifies and creates a baseline of (inherent) cybersecurity risk for the institution. It then compares the

current maturity level of the intuition against risk-based expectations and identifies gaps in the cybersecurity controls needed to meet the maturity expectations. If the institution does not meet the identified cybersecurity maturity levels, then the assessment suggests improvements to existing risk management and information security program components.

develop a list of “next-steps” to improve gaps in the cybersecurity maturity model identified by the FFIEC. Examiners will likely not expect full compliance with these identified cybersecurity controls tomorrow, but there will certainly be an expectation that institutions start leveraging this resource and making steps toward the identified goals.

The FDIC has also released this FFIEC Cybersecurity Assessment Tool as FIL-282015 and states that the use of this new tool is “voluntary;” however, we have seen many times in the past that voluntary processes or items-not-mandated are still used in examination processes.

Technically, all of the FFIEC IT Booklets are voluntary resources. It’s important that each financial institutions quickly get familiar with this new Cybersecurity Awareness Tool and understand where their institution stands in terms of inherent risk and cybersecurity maturity.

Once you understand your inherent risk and maturity levels, your next step is to

SBS is quickly working to automate this manual assessment tool into a freely available resource that financial institutions can use to quickly and easily perform their own Cybersecurity Assessment. If you’re interested in pre-registering for this free web-based application, please visit the SBS website: https://www.protectmybank.com/register/.

For more information about the FFIEC Cybersecurity Assessment Tool, you can find links to the resources and a copy of the tool at www.protectmybank.com.

Learn more about the FFIEC Cybersecurity Assessment Tool from Dr. Kevin Streff!

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July 2015 | The Arkansas Banker

15

More than 95 bankers from across Arkansas attended the 2015 Leadership Conference held June 26-27 in Fayetteville.

Emerging Leaders Section (ELS) Council President Daniel Robinson, Simmons Bank, Jonesboro, got the conference underway on Friday morning, followed by commentary from Jim Harris, Chief of Staff for Arkansas Treasurer of State Dennis Milligan; Ava Franks, ABA VP / Director of Government Relations; and Aaron Gamewell, ABA EVP / COO. The highlight of the conference was a candid conversation between former ABA Chairman Tommy May and University of Arkansas Athletic Director Jeff Long regarding the obstacles and benefits of being a strong leader. Other speaker highlights included leadership coaching from former Razorback basketball standout Sidney Moncrief; a recap of the 2015 Arkansas State Legislative Session with the Editor-in-Chief of Talk Business & Politics, Roby Brock; and a crash-course in reaching the Millennial market with Ryan Swift of EverFi. Breakout sessions included The “New” CRA Movement Myth, Perception and the Age of Regulation with Martie North of Simmons First National Corporation, Ability-toRepay in the Non-QM Environment with Jim Taylor of First Security Bancorp, and Real Estate Valuations with Aaron Dunn and Curtis Smith of Collateral Valuation Consultants.

Former ABA Chairman Tommy May had a candid on-stage conversation with Jeff Long, Athletic Director of the University of Arkansas, regarding his leadership at the U of A, the SEC, and in life. The pair talked about leadership styles, as well as the challenges of being in a leadership role.

Great selection of speakers and good networking.

This marked Robinson’s final event as ELS President; he passed the role to Kevin Thompson, Centennial Bank, Fayetteville.

rkansas State Eric Roberts, A ent; Bank Departm Group D&F Consulting & Josh Dennis, D 16

The Arkansas Banker | July 2015

Laura Rodgers, Stan Rodgers, & Kendall Smith, all of the Bank of Fayetteville

Greg McCarroll Centennial Bank, Little Rock

Kevin Griffin, Exchange Capital Corp.; Donald Boone, Centennial Bank & Scott Coffey, Exchange Capital Corp.

Click here to see more photos from the 2015 Leadership Conference!

Aaron Gamewe ll, ABA; Jeff Long , University of Arkansas; Tom my May, Simmon s Bank & Daniel Robinson, Simmons Bank

Having Mr. May come speak was great. He is so inspiring, and a huge asset to favor the Emerging Leaders.

George Purvis Cornerstone Bank, Eureka Springs

(Far Left) Former Razorback Sidney Moncrief asked attendees “where are you as a leader?”

Throughout his presentation, Moncrief coached the group on the skill sets needed to succeed in a leadership role, and the lessons he has learned throughout his career. He told the group that “leadership is a contact sport.”

(Left) Ryan Swift, Vice President of Business Development of Everfi, told attendees how to use financial education to engage the digital generation. Armed with results of a survey of millennials, Swift tackled the issues of how to communicate with and promote products to a “mobile-first generation.”

(Far Left) Jim Harris, Chief of Staff for Arkansas Treasurer of State Dennis Milligan, spoke to the group about the activities of the Treasurer’s office, and the importance of financial literacy programs for Arkansas youth.

(Left) Roby Brock of Talk Business & Politics gave an in-depth review of the 2015 Arkansas Legislative Session — from policymaking to politics.

;

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July 2015 | The Arkansas Banker

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Leadership Conference attendees listen during the event’s general session; there were also breakout sessions focusing on specific topics.

Being recognized for their service to the Emerging Leaders Section Council were Brittany Thompson Little, Today’s Bank, Fayetteville; Trent Brown, Simmons Bank, Jonesboro; Daniel Robinson, Simmons Bank, Jonesboro; and Trey Clark, First Financial Bank, El Dorado. Not pictured are Camron Hames, First Community Bank, Batesville; and Brooke Moreton, Firstar Bank, Fort Smith.

Brandon Hogg, Union Bank & Trust Co., Monticello; Brett Ausley, Arvest Bank, Hot Springs; Jason Warren, Arvest Bank, Little Rock; Blake Fletcher, Arvest Bank, Little Rock; and Natalie Hairston, Arvest Bank, Fayetteville.

Brock Gandy, BKD; Jame s Baird, BKD; & Fazi Khodjaberganov, Sim mons First National Corporation

(Far Left) Ava Franks, ABA Director of Government Relations, discussed the association’s ongoing advocacy efforts.

(Left) Aaron Gamewell, ABA EVP/COO, gave an update from the association.

THANK YOU TO OUR SPONSORS

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enter); immons Bank (c S n, so in ob R l e th Dani Bryan Pinnell, bo & y rr be d ra B with Jim Companies eer Insurance of Southern Pion

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The Arkansas Banker | July 2015

Key Cards Mobile App Banner Ad

Friday, Eldredge & Clark, LLP Golf Tournament

Drink Carts Reception

ANNUAL PAST PRESIDENTS GOLF TOURNAMENT

The team of Nick Nabholz, Nabholz Corp., Fayetteville; Andrew Henson, RPH, Fayetteville; Conner McNair, Friday, Eldredge & Clark, Fayetteville; and Sean Evans, Friday, Eldredge & Clark, Rogers, took first place honors at the tournament.

It was a great day for golf as 11 teams from across the state took to the course for the annual Emerging Leaders Past Presidents Golf Tournament, held at the Fayetteville Country Club.

The team of Donald Boone, Centennial Bank, Jacksonville; Marshall Butler, Centennial Bank, Cabot; Colbey Frisbee, Centennial Bank, Jacksonville; and Robi McDonald, Centennial Bank, Jacksonville, (not pictured); came in second place.

Conner McNair of Friday, Eldredge & Clark, pictured second from right, presented the trophies.

Not pictured is the third place team of Rick Jones, Foundation Life Insurance, Ft. Smith; Kevin Keefner, Foundation Life Insurance, Ft. Smith; Sonny Delgado, Integrity First Bank, Fayetteville; and Dean Morris, Integrity First Bank, Fayetteville.

The annual golf tournament was once again sponsored by Friday, Eldredge & Clark, LLP. The ABA thanks them for their continued presence and support of our Emerging Leaders and this annual event.

S.F. Fiser & Company sponsored drink carts to keep golfers on top of their game. They also provided cups to the golf teams to take home and enjoy.

S.F. Fiser & Company takes pride in sponsoring the drink carts for our golfers each year, and the ABA thanks them for their support. Pictured are Kristy Lamb, Brittany Biggers, Kelly Cook, and Leslee Muncrief.

David Coleman & Daniel Robinson, both of Simmons Bank

Lunch at the Faye tteville Country Club Golf Course...

The team of Jon Ross Henderson, J.B. Mobley, James Baird & Brandon Gentry

July 2015 | The Arkansas Banker

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2015-16 ELS Executive Council Kevin Thompson Named ELS Council President Kevin Thompson was appointed as the 2015-16 Emerging Leaders Section Council President at the Arkansas Bankers Association Leadership Conference in Fayetteville on Friday, June 26, 2015. Thompson is currently Senior Vice President – Lending with Centennial Bank in Fayetteville.

“Kevin has been instrumental of the growth and success of our bank throughout Northwest Arkansas,” said Scott Hancock, Northwest Arkansas Division President of Centennial Bank. “Not only is he a leader and team player within our organization, but his customer service skills are paramount and second to none. I am honored to work alongside of Kevin each day, and proud of this accomplishment and recognition of his abilities by the ABA.”

Q&Awith Kevin Thompson

Kevin, please tell us a little about yourself…

I was born and raised in Northwest Arkansas. I was a 1998 graduate of Greenland High School and received a degree in Business Administration with an emphasis in Finance-Banking, from the University of Arkansas in 2004. I am very active in the Fayetteville community, serving as treasurer and board member of the Fayetteville Lions Club; a Fayetteville Chamber of Commerce Leadership Class XX graduate; a United Way Day of Caring volunteer, and a member of the Central United Methodist Church. My wife, Leigh, and I have two children, Bryce (8) and Kayla (5). September 2015 marks our 10- year wedding anniversary.

How long have you been in the banking industry, and with Centennial Bank?

This year marks twelve years I’ve been in the banking industry.

I started as Business Development Officer at First State Bank of NWA and quickly realized my passion is commercial lending.

I was hired by Liberty Bank in 2008 and have been with them through the transition to Centennial Bank. I am currently Senior Vice President of Lending.

How long have you been involved with the Emerging Leaders Section of the Arkansas Bankers Association?

I’ve been involved since 2011, first by serving a two-year term on the Council and then transitioning into a three-year stint as a member of the Executive Council.

What are some of your favorite experiences from being involved in the Emerging Leaders Section?

Meeting other bankers from across the state and having an opportunity to network and build relationships has been one of my favorite experiences. Additionally, every year I look forward to hearing the speakers and learning leadership skills through the annual conference. One of my most memorable experiences was traveling to Washington, D.C. in 2013 with the ABA and going to the Capitol and visiting with legislators.

What advice do you have for anyone just getting started in the banking industry, or someone who has worked in the industry only for a short time?

Get involved and educate yourself with legislation that is applicable to the banking industry so that you can preserve your ability to have a long tenure in banking.

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The Arkansas Banker | July 2015

Fletcher, Anderson Round Out Executive Council Blake Fletcher Arvest Bank, Little Rock

Daniel Robinson receives the ELS Past Presidents Gavel from incoming President Kevin Thompson.

To you, what is the most enjoyable aspect of being a banker?

Assisting people in realizing their financial goals

As the 2015-2016 Emerging Leaders Section president, are there any specific goals you would like to achieve?

Continued focus on educating young children of Arkansas through the Teach Children to Save Program and making the Leadership Conference a unique and relevant environment in order to learn about today’s banking industry as well as a welcoming environment to all young bankers.

Are you involved in any other organizations or extracurricular activities?

I am involved in Fayetteville Noon Lions and Central United Methodist Church. I enjoy working outside and riding the bike trails with my family.

Tell us something that your fellow bankers might be surprised to know about you.

In my early days of banking, I was involved in a bank robbery (no one was hurt and an arrest was made)!

Is there anything else you would like to share with our Arkansas bankers?

It is a privilege to serve the Emerging Leaders organization and give back to an industry that has provided an outstanding career for me and my family.

Blake Fletcher has been appointed as the 2015-16 Emerging Leaders Section Council Vice President.

Fletcher is a 1995 graduate of Lonoke High School. He received a degree in Business Administration, majoring in Finance-Banking, from the University of Arkansas in 1999.

Fletcher has also received a diploma from Southwest Graduate School of Banking at Southern Methodist University in Dallas.

Fletcher has been in banking for 15 years, spending the past five and half years with Arvest Bank. He is currently Senior Vice President/Commercial Lending for Arvest Bank in Little Rock.

Working for Arvest Bank in the central Arkansas area has provided Blake with unlimited opportunities to work hard in helping people find financial solutions for life.

John Anderson Relyance Bank, Pine Bluff John Anderson has been appointed as the 2015-16 Emerging Leaders Section Council Secretary/Treasurer.

Anderson is a 1999 graduate of Pine Bluff High School. He received a degree from Arkansas State University in Jonesboro in 2003, where he was a four-year letterman and pitcher on the baseball team. Anderson is currently attending the Graduate School of Banking at Louisiana State University in Baton Rouge.

Anderson has been in banking for 12 years, spending the last eight years with Relyance Bank. He is currently Assistant Vice President of Commercial Loans.

July 2015 | The Arkansas Banker

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2015-16 ELS Council

GEORGE PURVIS

Cornerstone Bank, Eureka Springs

KEVIN THOMPSON

Centennial Bank, Fayetteville

JOHN BOLLINGER

The Bank of Fayetteville, Fayetteville

HUNTER NORTON

First Security Bank, Fayetteville

HUNTER WINDLE

The Malvern National Bank, Malvern

EDUARDO ABRIL

First State Bank of DeQueen, DeQueen

TYLER DAVIS

Diamond Bank, Ashdown

JOHN ANDERSON

Relyance Bank, Pine Bluff

BURT HICKS

Simmons Bank, Pine Bluff

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The Arkansas Banker | July 2015

MATT LAFORCE

First Security Bank, Searcy

BLAKE JOHNSON

Evolve Bank, Jonesboro

BRANDON GENTRY

Cross County Bank, Wynne

ANDY HORTON

Fidelity National Bank, Marion

BLAKE FLETCHER

Arvest Bank, Little Rock

GREG MCCARROLL

Centennial Bank, Little Rock

BEN RIDINGS

Bank of the Ozarks, Little Rock

JACOB BOX

Simmons Bank, Dumas

ROBERT HARGIS

Parkway Bank, Monticello

July 2015 | The Arkansas Banker

23

125 Years of the Arkansas Bankers Association Mr. Banker, Who will Succeed You? It is good to know that some of the state’s younger and most enterprising bankers are concerned about the problem of building up better bankers among the younger generation to take the place of the older heads who inevitably are steadily passing out of the realm of active service. It is hoped the matter will be carefully considered in a practical way at the spring Group Meetings and crystallize into a definite, workable plan at the State Convention.

The American Institute of Banking, a section of the American Bankers Association, does effective work wherever its chapters are maintained, but perhaps an organization nearer home would be more workable and effective among the younger employees in the small banks in our country districts. In his response to the address of welcome at the Fort Smith Meeting of Group 4, February 22, 1920, J.W. Hawkins, now president of the Bank of Lamar, advocated a ‘Bank Employees’ Section of the Arkansas Bankers Association, with a department in The Arkansas Banker to further the interest of this section.’ We hope Mr. Hawkins’ suggestion will be given more than passing consideration.

This magazine, will lend every encouragement and assistance to such a movement.

Arkansas Junior Bankers 1928

Developing Leadership Through ‘Junior Bankers’ Formed in the fall of 1922, The Junior Bankers Section of the Arkansas Bankers Association was charged with “encouraging systematic education, disseminating information concerning this institution — and, by various means of propaganda, increasing the enrollment of the Arkansas Junior Bankers, in the American Institute of Banking.”

Membership to the organization was $2.50 per annum and included a subscription to The Arkansas Banker. This membership was open to all officers and clerks, regardless of rank.

The Junior Bankers Section held its first conference in Little Rock at the Hotel Marion on Wednesday, May 30, 1923. Over fifty delegates from across the state attended the meeting.

That was the beginning of an organization that, through the years, has helped groom some of our state’s most noted banking leaders. Many of ABA’s Junior Bankers have gone on to lead their banks, their communities, this association, and our state.

But the story of the Junior Bankers isn’t just one of developing leadership; it also illustrates the changing times of our country.

For example, an excerpt from the June 1945 meeting, “President Ray Pogue expressed regret that the annual meeting could not be held, as it has always been a highlight in the educational value and in renewing acquaintances...since the Junior Bankers Section has been able to function but very

The Arkansas Banker December 1921

24

The Arlington Hotel, Hot Springs

The Arkansas Banker | July 2015

slightly during the past year because of wartime restrictions.” The council of officers was re-elected that year.

The story also reflects social changes — like in 1979, when the group changed its name from “Junior Bankers” to “Young Bankers.” The following year, the group took another step forward, naming Judy Sligh of Citizens First State Bank as the first female president of the organization.

It was in the fall of 2005 when the Young Bankers program renewed its image. Spearheaded by thenABA Chairman Tommy May of Simmons Bank, the group became the “Emerging Leaders Section.” The name better represented the organization’s purpose, as well as its future goals.

At that time, the Emerging Leaders revised their mission and vision statements: Mission Statement: To provide the opportunities through education, networking, and leadership development to improve Arkansas banks and the communities they serve.

Vision Statement: To be the primary platform for cultivating and developing leaders in Arkansas banks.

So, Mr. Banker, who will succeed you? Perhaps it will be one of our state’s younger and most enterprising bankers....

Future Leaders from the Young Bankers Section 1980-81 Officers were, back row, Treasurer Tommy Martin; President Judy Sligh; Vice President Harry Webb; Secretary Steve Massanelli; front row, Historian John Kelly; and Parlimentarian John Womack.

Emerging Leaders section Presidents 1922-2015

2015 Kevin Thompson

1984 Holly Eddins

1953 Herion Ross

2014 Daniel Robinson

1983 William Wisener

1952 Allen Dowell

Centennial Bank, Fayetteville

Worthen Bank & Trust Co., Little Rock

Simmons Bank, Jonesboro

Warren Bank & Trust Co., Warren

The Peoples Bank, Magnolia

The City National Bank, Fort Smith

Bank of the Ozarks, Little Rock

Helena National Bank, Helena

First Arkansas Bank & Trust, Jacksonville

Citizens First State Bank, Arkadelphia

2009 Paul McAnally

Metropolitan National Bank, Fayetteville

First American National Bank, North Little Rock

2008 Joe Blanks, Jr.

Bank of Trumann, Trumann

National Bank of Commerce, Pine Bluff

Pine Bluff National Bank, Pine Bluff

First National Bank, Fayetteville

Simmons First National Bank, Little Rock

First National Bank of Helena, Helena

Legacy National Bank, Springdale

Arkansas Bank & Trust Co., Hot Springs

First National Bank of Eastern Arkansas, Forrest City

Simmons First National Bank, Pine Bluff

Bank of Fayetteville, Fayetteville

Elk Horn Bank & Trust Co., Arkadelphia

Merchants & Planters Bank, Clarendon

Malvern National Bank, Benton

Citizens Bank, Booneville

Simmons First National Corp., Pine Bluff

First National Bank, Wynne

Mercantile Bank of Central Arkansas, North Little Rock

Horatio State Bank, Horatio

The City National Bank, Fort Smith

First National Bank, Searcy

Simmons First National Bank, Pine Bluff

The First National Bank, El Dorado

First National Bank of Eastern Arkansas, Forrest City

2013 Jamie Waller

2012 Jennifer Ruhlman 2011 Mark Wilson

2010 Chip Blanchard

2007 Adam Mitchell 2006 Matthew Gill

2005 Kyle Lin Davidson 2004 Craig Attwood 2003 Chris Welch

2002 Gina Daniell

2001 J. Kendall Henry 2000 Jim Homan 1999 Brad Joyce

1998 Lisa Kimbrell

1997 Patrick Stegall

1996 Kristi Parker Norris 1995 Todd Trimble

1994 Richard MuĂąos 1993 Greg Angel

1992 Harvey Williams, Jr. 1991 Kent Hendrix

1990 Brice Fletcher

1989 Mark Murphy

First Commercial Bank, Little Rock

1988 Jim Green

Farmers & Merchants Bank, Stuttgart

1987 T.G. McCormack

Merchants National Bank, Fort Smith

1986 Robert Huff

First National Bank of Phillips Co., Helena

1985 Paul Nipper

Bodcaw Bank, Stamps

The First State Bank, Texarkana

First National Bank, Fayetteville

Simmons National Bank, Pine Bluff

First National Bank, Magnolia

Bank of McCrory, McCrory

The Arkansas National Bank, Hot Springs

W.B. Worthen Company, Little Rock

Simmons National Bank, Pine Bluff

Merchants National Bank, Fort Smith

Merchants National Bank, Fort Smith

Simmons First National Bank, Pine Bluff

Federal Reserve Bank of St. Louis Little Rock

First State Bank, Springdale

First National Bank, Fort Smith

Fidelity National Bank, West Memphis

National Bank of Commerce, El Dorado

The First National Bank, Hope

Union National Bank, Little Rock

First National Bank, Little Rock

Bank of Brinkley, Brinkley

National Bank of Commerce, Pine Bluff

Arkansas National Bank, Hot Springs

Security Bank, Harrison

W.B. Worthen Co., Little Rock

The Security Bank, Paragould

McIlroy Bank & Trust Co., Fayetteville

Warren Bank & Trust Co., Warren

Simmons National Bank, Pine Bluff

Malvern National Bank, Malvern

Bank Unknown, Fort Smith

Grant County Bank, Sheridan

American National Bank, Rogers

First National Bank, Fayetteville

Arkansas National Bank, Hot Springs

First National Bank, West Memphis

Bank of Jonesboro, Jonesboro

First National Bank, Magnolia

Union National Bank, Little Rock

First National Bank, Little Rock

Bank of Conway, Conway

National Bank of Commerce, Pine Bluff

American Southern Trust Co., Little Rock

First National Bank, El Dorado

Merchants National Bank, Fort Smith

First National Bank, Fayetteville

Union Trust Co., Little Rock

Peoples National Bank, Jonesboro

American Southern Trust Co., Little Rock

Simmons National Bank, Pine Bluff

National Bank of Arkansas, Pine Bluff

First National Bank, Wynne

Arkansas Trust Co., Newport

Peoples National Bank, Little Rock

First National Bank, Fort Smith

1982 John Womack * 1981 Harry Webb 1980 Judy Sligh

1979 James Kelley *

1978 James Stobaugh 1977 J. Bruce Loftin 1976 Bart Lindsey * 1975 Ralph White 1974 Robert Dill

1973 Wesley Burkett 1972 Joe Taylor III

1971 Charles Sharpe, Jr. 1970 Barry Niswanger 1969 Leonard Dunn 1968 Edwin Turney 1967 Ed Snider

1967 Charles Dixon 1966 Floyd Parker *

1965 D.E. McCoy, Jr. 1964 Paul Gayer

1963 Jack K. Hogan 1962 James Nipper 1961 Edwin Kane

1960 Ralph Justice 1959 Joe W. Miller

1958 Keith Robbins

1957 Garland Kirkpatrick 1956 Howell Davis

1955 Doyl Brown *

1954 J.B. Waddington

1951 Jerry Fuess

1950 B.J. Daugherty 1949 Otto Miller

1948 Harry B. Howard 1947 Melvin Lawson 1946 E.L. Williams 1945 Ray Pogue 1944 Ray Pogue

1943 Victor Clark

1942 Gipson Stevinson 1941 Heard Williams 1940 Thomas Vise

1939 Robert Moore 1938 Pierce Flippin

1937 Louis Hurley * 1936 J.J. Pyeatt

1935 J.W. Bellamy * 1934 Elzo Elkins

1933 Wayne Stone

1932 Cecil Coleman 1931 Roy Jacobs

1930 Kit Carson

1929 Thomas Wilson * 1928 John Collins 1927 W.H. Mapes 1926 Zack Wood

1925 Merlin Fisher

1924 Frank Triplett

1923 Othmar Kahmann 1922 Wood Netherland

* denotes Emerging Leaders Section Presidents who went on to serve as Chairmen of the ABA

July 2015 | The Arkansas Banker

25

PROFESSIONAL DEVELOPMENT

2015 Arkansas Bankers Association Scholarship Winners CONNIE ALLMOND

Human Resources Management School Scholarship

Graduate School of Banking at Wisconsin Connie Allmond, Senior Vice President and Human Resources Officer of Farmers and Merchants Bank in Stuttgart, is the recipient of the 2015 Human Resources Management Scholarship.

A native of Hazen, Allmond started her banking career in 1979. She joined Farmers and Merchants Bank in 1985 where she started as a Teller and Operations Secretary. She is a graduate of Hazen High School and has completed numerous Arkansas Bankers Association courses and Lorman Education Services trainings in Human Resources. She is also a member of the Society for Human Resources Management (SHRM).

Active in a number of community programs, Allmond is also the official piano player for the Stuttgart Kiwanis Club. She is a member of First Baptist Church in Stuttgart where she is the organist as well as a choir member.

In her spare time, Allmond enjoys arranging flowers and spending time with her family and her two grandchildren.

BURT HICKS

American Bankers Association & Arkansas Bankers Association Scholarship Stonier Graduate School of Banking

Burt Hicks, Chief of Staff, Vice President of Mergers and Acquisitions, Corporate Secretary and Investor Relations Officer of Simmons First National Corporation in Pine Bluff, is the recipient of the 2015 American Bankers Association &

26

The Arkansas Banker | July 2015

Arkansas Bankers Association Scholarship to Stonier Graduate School of Banking.

Hicks holds a degree in Business Administration with a Finance Concentration from the University of Arkansas Walton College of Business, a Master of Public Service degree from the University of Arkansas Clinton School of Public Service, and a Juris Doctor from the University of Arkansas at Little Rock Bowen School of Law. He is a graduate of the Darden / SNL Financial Executive Program in Bank Financial Leadership.

Lyle is a 2000 graduate of Monticello High School. He received a degree majoring in Computer Information Systems, and minoring in Business Administration from the University Of Arkansas at Monticello in 2005. Before joining McGehee Bank in 2007, he worked at Drew Memorial Hospital in Monticello as an Assistant Network Admin and Web Admin.

Lyle served in the U.S. armed forces, which included a tour of duty in Baghdad Iraq in 2003-04.

In addition to his time with Simmons First National Corporation, Hicks has served at Innovate Arkansas / Winrock International, and Bank of America Merrill Lynch.

An active member of his community, Lyle is a member of the McGehee Chamber of Commerce, the McGehee Lion’s Club, and serves on the McGehee Owlfest committee.

Hicks is a member of various community boards, including the University of Arkansas Walton College of Business Dean’s Alumni Advisory Council, the Arkansas Fellowship Board, the Arkansas Independent Colleges and Universities Board of Trustees, the Jefferson County Industrial Foundation Board, the Simmons First Foundation Board, the Arkansas Bankers Association Emerging Leaders Council, and Congressman Bruce Westerman’s Advisory/Finance Committee. He also served as a company mentor for ARK Challenge, a mentorshipdriven accelerator program for technology startups in Central Arkansas.

Lyle and his wife, Misty, have three children, Alaina, Olivia, and Jett.

Hicks and his wife, Katie, have one baby girl, Ali.

JAMES LYLE

Graduate School of Banking at Louisiana State University Scholarship Graduate School of Banking at LSU

James Lyle, Network Admin and Security Officer of McGehee Bank in McGehee, is the recipient of the 2015 Graduate School of Banking at Louisiana State University Scholarship.

NICK ROACH

SWGSB Millennium Scholarship

Southwest Graduate School of Banking, Dallas Nick Roach, Chief Lending Officer and Executive Vice President of Ozark Heritage Bank in Mountain View, is the recipient of the 2015 SWGSB Millenium Scholarship to the Southwest Graduate School of Banking in Dallas, Texas.

Roach holds a degree in Economics and Finance from Arkansas Tech University in Russellville.

He has worked continuously in the banking industry since graduating high school in 1998, holding the positions of teller, customer service representative, management trainee, loan officer, and his current position as Chief Lending Officer.

Prior to coming to Ozark Heritage Bank, Roach worked for Regions Bank, First Security Bank, and Central Bank.

Roach is an active member of the Mountain View Area Chamber of Commerce — he has been a board member of the organization since 2012 and is currently serving as President.

MEMBER NEWS GSBC Future Leaders Scholarship

Zach McClendon, Jr. Appointed to Arkansas State Banking Board

Jeanell Vigna, Operations Manager and Vice President of Twin Lakes Community Bank in Flippin, is the recipient of the 2015 GSBC Future Leaders Scholarship to the Graduate School of Banking at Colorado in Boulder.

McClendon is replacing board member Marcus McCain, who served two terms on the Banking Board after initially being appointed in 2005 by former Governor Mike Huckabee.

JEANELL VIGNA

Graduate School of Banking at Colorado

Vigna began her banking career as a teller in 1996, and shortly thereafter began working as a loan assistant, before specializing in loan operations. In 2005, Vigna was one of the founding employees of Twin Lakes Community Bank.

During her time with TLC Bank, she has held multiple positions including Executive Administrative Assistant, Loan Operations Manager, Office Manager, Branch and Credit Administration Manager, and Operations Manager.

Vigna is a 1996 graduate of YellvilleSummit High School, and has completed various courses and certifications through the Arkansas Bankers Association, American Bankers Association, and Arkansas Community Bankers Association.

An active member of her community, Vigna is a member of the Twin Lakes Human Resource Association, Team Captain for Relay for Life, a member of the Yellville Chamber of Commerce, a Yellville Summit School Booster Club Member, a graduate of the Marion County Leadership Program, and has helped Twin Lakes Community Bank achieve more than 500 local community volunteer hours on an ongoing annual basis.

Vigna and her husband, Franco, have two sons, Brock and Drew. She and her family enjoy going to St. Louis Cardinals baseball games and Arkansas Razorback games. In her spare time, she enjoys baking treats for friends and family and volunteering in her church and community.

Zach McClendon Jr., chairman and chief executive officer of Union Bank And Trust Company, Monticello, has been appointed to the State Banking Board.

McCain is South Arkansas Division President for Bank of the Ozarks, Little Rock.

McClendon’s appointment by Governor Asa Hutchinson was effective as of April 24, 2015, and his term on the board will run through December 31, 2019.

“I am honored and humbled to be appointed to this board,” McClendon said. “I look forward to working with Commissioner Candace Franks and the other board members.”

McClendon has been active in banking since 1975, when he was elected president of the Monticello bank.

He has been involved in various businesses for 57 years, beginning with building recreational aluminum boats and, later, commercial, work and patrol craft. SeaArk Boats currently specializes in building allwelded aluminum fishing boats from 14 feet to 24 feet long.

The statutory powers of the six-member State Banking Board include the approval of rules and regulations issued by the Bank Commissioner and the rendering of decisions on numerous bank applications.

McClendon fills one of three positions on the Banking Board designated as “banker members.”

Arkansans Graduate from GSB at Louisiana State University On June 5, 2015, six Arkansans were among the 168 bankers from 15 states and Mexico who received graduation diplomas from the President of the Graduate School of Banking at Louisiana State University, Watts Steger, Chairman, Bank of Botetourt, Buchanan, VA. Receiving diplomas from Arkansas were: Christopher R. Barton, Centennial Bank, Rogers Matthew William Boyd, Simmons Bank, Searcy Mary Lauren Brown, Bank of Prescott, Prescott Matthew V. Martin, Citizens Bank, Batesville Christopher C. Middleton, Anstaff Bank, Harrison Steven Sosebee, Arvest Bank, Clarksville Sponsored by 15 southern state bankers associations in cooperation with the Division of Continuing Education at LSU, the banking school requires attendance on campus for three years, with extensive bank study assignments between sessions. The faculty consists of bankers, business and professional leaders, and educators from all parts of the U.S. During their three years at the Graduate School of Banking, students receive 180 hours of classroom instruction, thirty hours of reviews, planned evening study, and written final examinations at the end of each session.

July 2015 | The Arkansas Banker

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MEMBER NEWS Simmons First National Corp.

Announces Country Music’s Justin Moore as Spokesman Country music star Justin Moore will be a new spokesman for Simmons Bank. The announcement was made during the annual shareholders’ meeting of Simmons First National Corp.

Moore was named New Artist of the Year at the Academy of Country Music awards ceremony in April 2014. He has had five No. 1 country hits, eight top 20 singles and three albums, two of which went gold.

“Like Simmons, Justin is a product of Arkansas who’s now receiving national recognition,” said George Makris, the Simmons Chairman and Chief Executive Officer. “We think he will be the perfect spokesman for us as we expand our services across the region.”

Simmons, which now has $7.8 billion in total assets and operations in four states, was founded in Pine Bluff in March 1903 with four employees and first-day deposits of $3,338.22.

Moore was born in nearby Poyen in Grant County in 1984.

“I’m proud to be associated with an institution such as Simmons,” Moore said. “We both have roots in Arkansas and a deep tie to the people in this part of the country.”

Simmons Chairman and CEO George Makris with country music star and new Simmons spokesman Justin Moore.

After graduating from high school, Moore moved to Nashville, Tenn., and began writing songs after realizing that the top songwriters in town were holding their best songs for the bigger artists. Moore wrote nine of the 10 tracks on his self-titled debut studio album, which was released in 2009 and rose to No. 3 on the Top Country Albums chart. Moore’s “Small Town USA” tour to promote the album began at Poyen.

In October 2009, “Small Town USA” became Moore’s first No. 1 hit. “Backwoods” was released as a single in October 2009 and became Moore’s second Top 10 hit. “How I Got to Be This Way” later became his third Top 20 country song.

In the summer of 2011, he released his second studio album titled “Outlaws Like Me,” which debuted at No. 1 on the country charts and produced two No. 1 singles, “If Heaven Wasn’t So Far Away” and “Til My Last Day.” Moore’s third studio album, “Off the Beaten Path,” was released in September 2013 and also debuted at No. 1 on the country charts, along with adding his fourth and fifth No. 1 singles, “Point At You” and “Lettin’ The Night Roll.”

Moore will be featured in the new Simmons Country advertising campaign. He also will make personal appearances on behalf of Simmons.

ARKANSAS BANK DEPARTMENT

APPLICATIONS & APPROVALS

Branch Bank Application An application filed by The Bank of Augusta, Augusta, Woodruff County, Arkansas, to establish a branch banking facility at 411 Hartsfield Drive, Searcy, White County, Arkansas, has been approved. June 1, 2015

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The Arkansas Banker | July 2015

An application filed by The Citizens Bank, Batesville, Independence County, Arkansas, to establish a branch banking facility at 1676 East Joyce Boulevard, Fayetteville, Washington County, Arkansas, has been approved. June 17, 2015

BANKER NEWS & MOVES IBERIABANK PROMOTES MELISSA MCDANIEL AND KIRK BRINKLEY TO BUSINESS BANKING IBERIABANK is pleased to announce the promotion of Melissa McDaniel and Kirk Brinkley to Business Banking Relationship Managers.

Melissa McDaniel received both her undergraduate and Masters in Business Administration from Arkansas State University in Jonesboro. She joined IBERIABANK in 2009 as a Commercial Relationship Assistant. She was quickly promoted as a Commercial Loan Closing Officer and then Assistant Vice President and Branch Manager in 2012. In her new role as a Business Banking Relationship Manager, McDaniel is focused on business banking opportunities and client relationships.

Kirk Brinkley also earned his Bachelor’s Degree in Finance with an emphasis on Banking from Arkansas State University in Jonesboro.

He joined IBERIABANK in 2004 and for the last five years has served as Branch Manager of the bank’s Paragould Branch. In his new role, he will be focused on business banking opportunities and client relationships in Craighead and Greene County.

Melissa and Kirk each have a talent for relationship building and for excellent customer service. They have been successful in all they have undertaken and therefore their promotions are well earned. We continue to expand and deepen our Craighead and Greene County presence. Melissa and Kirk will now play a larger role in

how we accomplish that goal.” said Paul Hutcheson, Northeast Arkansas Regional President.

McDaniel is currently on the board of Better Life Counseling Center. She has been involved with March of Dimes, United Way of Northeast Arkansas and Jr. Achievement.

Brinkley has served on the board of Greene County Wildlife Club and Greene County Community Fund. He is a graduate of Leadership Paragould Class VIII, a volunteer softball coach with the Paragould Youth Softball Association and currently serving as a Deacon at the Union Central Church of Christ.

SIMMONS FIRST NATIONAL CORPORATION NAMES HICKS INVESTOR RELATIONS OFFICER Burt Hicks has been promoted to Investor Relations Officer for Simmons First National Corporation.

Hicks serves as Chief of Staff and Vice President of Mergers and Acquisitions for Simmons First National Corp.

He also serves as the Secretary to the Board of Simmons First National Corp. and Simmons First National Bank. Hicks is a board member of the Simmons First Foundation. Hicks will continue in all of his current roles.

“Burt is in a unique position to ensure clear communication between the corporation and investors, research analysts and other important stakeholders,” Makris said. “He will deepen our relationships with key institutional investors and analysts and be our primary point of contact for the Wall Street community. He also will ensure that we respond quickly to individual shareholder requests and inquiries.”

Prior to joining Simmons, Hicks worked for Innovate Arkansas,

a joint program of Winrock International and the Arkansas Economic Development Commission. He previously worked at Simmons as an analyst and was an investment banking analyst with Bank of America–Merrill Lynch’s Financial Institutions Group in New York.

He’s a National Association of Corporate Directors Governance Fellow and a member of the Society of Corporate Secretaries and Governance Professionals.

Hicks is licensed to practice law in Arkansas and has Series 63 and Series 7 licenses from the Financial Industry Regulatory Authority.

“Burt has been active in numerous organizations, which is another reason he is particularly well-suited for such a high-profile role,” Makris said.

Hicks has been a member of the University of Arkansas Walton College of Business Dean’s Alumni Advisory Council since 2008, a member of the board of the Arkansas Fellowship since 2013, a member of the board of Arkansas’ Independent Colleges and Universities since 2013 and a member of the Jefferson County Industrial Board since 2014. Hicks also has served as a company mentor for the ARK Challenge, an accelerator program for technology startups.

In 2013, Arkansas Business named Hicks to its list of “New Influentials: 20 in Their Twenties.”

Hicks received his bachelor’s degree in business administration from the University of Arkansas’ Walton College of Business, a master of public service degree from the University of Arkansas’ Clinton School of Public Service and a juris doctorate with honors from the University of Arkansas at Little Rock’s Bowen School of Law. While at the Clinton School of Public Service, Hicks was selected as one of four McLarty Global Engagement Graduate Fellows with Vital Voices Global Partnership and one of 12

Regional Social Impact Graduate Fellows with RSF Social Finance.

Hicks is a 2015 graduate of the Darden / SNL Financial Executive Program in Bank Financial Leadership at the University of Virginia’s Darden School of Business and is currently enrolled in the three-year Stonier Graduate School of Banking at the University of Pennsylvania’s Wharton School of Business.

DUNN JOINS SIMMONS FIRST NATIONAL CORP. Chris Dunn has joined Simmons First National Corp. as executive vice president for regulatory affairs and risk strategy. Dunn comes to Simmons following a 34-year career with the Office of the Comptroller of the Currency.

“Chris brings more than three decades of regulatory experience to the Simmons team,” said Simmons chairman and CEO George Makris. “He will play a vital role in the years ahead as Simmons continues to grow.”

Dunn began his banking career as an OCC examiner in Midland, Texas, in 1981. He was promoted to national bank examiner in 1985 in Midland, worked three years in Austin and then became the field manager of the Little Rock office in 1990.

Dunn has been the assistant deputy comptroller of the Little Rock office since July 1997. The Little Rock office, which has a satellite office in Memphis, supervises 30 commercial banks with the support of 27 field examiners and office staff.

The office supervises banks in Arkansas, Mississippi, Tennessee and Texas.

Dunn graduated magna cum laude from the University of Utah in Salt Lake City in 1981 with a bachelor of science degree in finance. His areas of expertise include risk management, technology, compliance, corporate governance and banking laws and regulations.

July 2015 | The Arkansas Banker

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BANKER NEWS & MOVES FAB&T ANNOUNCES NEW ROLE FOR MARK WILSON First Arkansas Bank & Trust is pleased to announce that Mark T. Wilson has been promoted to the role of Senior Vice President and Chief Credit Officer. This position will oversee the bank’s commercial and consumer lending activities, as well as the loan operations area and collections function; and will chair the Loan Committee.

Wilson has been with the bank officially since 2001. He started as a loan officer, and has held several positions at the bank, including: supervising online banking, debit cards and the Customer Service Call Center. Mark has also served as the Pulaski County Regional Manager, and most recently as the bank’s Business Development Officer.

A native of Jacksonville, Wilson holds a Bachelor of Arts degree in Economics and Business with an emphasis on Accounting from Hendrix College, and a Masters of Business Administration from the Sam M. Walton College of Business at the University of Arkansas.

He completed the Graduate School of Banking at Louisiana State University in 2008 and the American Bankers Association’s Graduate Commercial Lending School at Southern Methodist University in 2015.

Wilson currently serves on the boards of directors for the Pulaski Technical College Foundation, Little Rock Junior Deputy Youth Baseball, and the North Little Rock Chamber of Commerce. He is also a member of the Little Rock Air Force Base Community Council and Leadership Greater Little Rock Class XXIX.

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He has been married to Rebel Flynn Wilson since 2003, and they have two sons, ages 7 and 6.

business banking relationship manager before moving to Conway in 2012 to take on the role of city president for another institution.

TODAY’S BANK PROMOTES TACKETT TO VP, COMMERCIAL LENDING

“Conway is a key growth market for Central Arkansas and for Simmons Bank. We are excited to have Jason as a part of the Simmons Bank family and leading our Conway community bank. His strong leadership skills, dynamic personality, and track record of success will prove invaluable as we continue to expand our presence in Central Arkansas,” said Adam Mitchell, Central Arkansas community president.

Today’s Bank has announced the promotion of Chris Tackett to Vice President, Commercial Lending.

Tackett has been employed with the Bank since August 2008, and has been a commercial and consumer lender since 2010. Most recently, he has served as Assistant Vice President, Commercial Lending.

A Monticello native, Tackett earned a bachelor’s degree in Finance with a concentration in Banking from the University of Arkansas – Fayetteville in 2008.

He is an avid outdoorsman and lives on his family’s farm in Madison County.

SIMMONS BANK ANNOUNCES ADDITION OF CULPEPPER AS CONWAY COMMUNITY PRESIDENT Simmons Bank, has announced the addition of Jason Culpepper as Conway community bank president.

Ritchie Howell has been named Conway community executive.

Culpepper brings more than 18 years of combined banking experience to the Simmons Bank family. He previously served in the Little Rock market and held the positions of relationship manager and

The Arkansas Banker | July 2015

Culpepper holds a bachelor of science in business administration from the University of Arkansas and is an active community leader.

He is a member of both the Faulkner County Leadership Institute and the Conway Rotary Club, in addition to serving on the boards of United Way of Central Arkansas, Conway Area Chamber of Commerce and Fellowship of Christian Athletes.

HARRIS JOINS ARVEST BANK IN BENTON CO. Arvest Bank is pleased to announce that Justin Harris has joined Arvest as a Commercial Loan Officer and Vice President in Bentonville.

Harris recently moved to Northwest Arkansas from Dallas. He has more than 15 years’ experience in banking that includes asset-based lending, complex capital restructures, bank syndications, commercial real estate and special assets. His experience includes industries such as wholesale commercial and industrial lending; agriculture,

oil and gas services; hospitality services; land development; and retail shopping real estate.

“We are so pleased to have Justin join the Arvest team in Bentonville,” said Jason England, Senior Vice President and Bentonville Commercial Team Leader for Arvest Bank in Benton County. “He has the experience that will serve him and Arvest well as he helps customers evaluate and obtain the financial backing they need to expand Northwest Arkansas’ economy.”

Harris earned his Bachelor of Science in accounting from Utah State University and his Master of Business Administration from the University of Arizona. He also graduated from the College of Commercial Credit and The Commercial Management Training Program through Wells Fargo Wholesale Banking.

He has been active within his communities and has previously been involved with St. Mary’s Food Bank, The Ronald McDonald House, The Boy Scouts of America, several rest homes and was chair of the Good Works Committee in Dallas, whose sole responsibility was funding local charities within that community.

STATE BANK DEPARTMENT PROMOTES LAMBERT, WELCH

Lambert

Welch

The Arkansas State Bank Department has announced the promotions of Scott Lambert and Johnathon Welch to Bank Junior Examiners.

CLASSIFIEDS

INDEX OF ADVERTISEMENTS American Bankers Association

2

Arkansas Capital Corporation Group

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BKD, LLP

15

Office Depot

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COMPLIANCE OFFICER: Integrity First Bank is now accepting applications for a full-time Compliance Officer. Work location could be Mountain Home, Jonesboro, Pocahontas or Northwest Arkansas.

Broad knowledge of bank regulatory compliance requirements as it relates to loans, deposits, marketing and general business administration.

Education required is equivalent to a four-year college degree, plus five years experience as a bank Compliance Officer. Qualified candidates may apply online by selecting the Career Opportunities tab on the www.goifb.com website.

EEO/AA/M/F/Veteran/Disabled.

MODULAR BANK BUILDINGS - Looking to branch? Disaster planning? Need a temporary while remodeling? Immediately available, 14’x66’ or 24’x66’ with bank equipment and drive thru. North American Buildings - 888-800-8866. www.NorthAmericanBuildings.com.

2015-16 ARKANSAS BANK DIRECTORIES will be available in the fall. Pre-order yours today by contacting Traci Logsdon at traci. logsdon@arkbankers.org.

CSBS Hosting ‘Community Bank Case Study Competition’ ADVERTISEMENTS For more information on advertising in The Arkansas Banker, please contact Traci Logsdon, Director of Communications, via email at traci.logsdon@arkbankers.org, or by phone at 501.978.3603.

A community bank case-study competition in which undergraduate student teams partner with area banks to conduct original research on the local economic impact of community banks will begin accepting applications on August 29, 2015.

The 2016 Community Bank Case Study Competition is being facilitated by the Conference of State Bank Supervisors (CSBS), the nationwide organization of banking regulators from all 50 states and U.S. territories.

The academic competition will be open to undergraduate college students, enrolled in an accredited college or university, with an interest in business, finance or banking. Teams of three to five participants must be sponsored by a school faculty member.

The Arkansas

Banker 1220 West Third Street Little Rock, AR 72201 Phone 501.376.3741 Fax 501.376.9243 www.arkbankers.org

The competition will provide students an opportunity to gain valuable first-hand knowledge of the banking industry and to network with potential

employers by interacting with senior bank management.

In addition, the competition will enable students to strengthen their research skills, using them to uncover new and innovative perspectives regarding the community banking business model and to evaluate the role of community banks and their long-term viability.

The winning team will receive a financial reward as well as present its case study at the annual CSBS-Federal Reserve Community Banking in the 21st Century Conference in 2016.

The deadline for submitting applications to compete is October 29, 2015.

More information is available on the Community Bank Case Study Competition Web page at: http://www.csbs.org/bankcasestudy/ Pages/default.aspx

Save the Date for these 2015 Events!

Marketing Conference November 12-13, 2015 Women In Banking Conference November 17, 2015 July 2015 | The Arkansas Banker

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The Arkansas Banker | July 2015