the tennessee banker - sitemason, inc. · 2009-09-25 · the tennessee banker (issn 0040-3199) is...

THE T E N N E S S E E B A N K E RVolume 97 / Number 5 / May 2009

TheSoutheastern School of Advanced Commercial LendingSM Graduates

The 119thAnnual MeetingPreview• 2008-2009Officers&Directors/ NomineesforNewOfficers &Directors•CorporateSponsors•2009BusinessSessions/ Speakers•SpecialEvents&Activities

•BylawChanges

THE T E N N E S S E E B A N K E R

Contents

Published monthly by the Tennessee Bankers Association

Bradley L. Barrett / EditorDianne W. Martin / Managing EditorChristopher D. Craig / Graphic Design

Volume XCVII / Number 5 / May 2009

May Flowers Photo by Randy Ball, Rogersville, TN

On the Cover

This MoNTh

sPECiAL PULL-oUT CENTER sECTioN

2009 Associate Member Directory

Feature – TBA 119th Annual Meeting ........................................................................ 9

Agenda-at-a-Glance and Thank You to Our Sponsors .............................................. 9

Delegates to Elect New Leadership .................................................................................10

2008-2009 Officers and Directors ....................................................................................11

Business Sessions / Speaker Information ...................................................................... 13

Banquet Entertainment to Feature “The Best of Broadway” .................................18

Award Winning Designer to Speak at Spouse Program ............................................19

TBA Board Proposes Changes to Bylaws ........................................................................21

Banker Profiles—Meet Your Fellow Bankers ......................................................................... 58

Bankers Show Support for Tennessee 4-H Foundation ....................................................60

New Website Brings Teach Children to Save Campaign to Everyone ......................... 62

2009 Graduates – The Southeaster School of Advanced Commercial Lending ...64

Young Bankers Division Hosts Leadership Luncheons ......................................................66

Avoiding EFT and Check Losses Is Topic for Regional Workshops .............................. 67

DEPARTMENTsFROM THE EXECUTIVE OFFICE—Brad Barrett

TBA Annual Meeting Offers Networking, Information, and Leadership Transition ... 7

FROM THE TOP—R. Michael S. Menzies, Sr

Rise to the Challenge ..................................................................................................................61

WASHINGTON UPDATE—Edward L. Yingling

Truth in Numbers ......................................................................................................................... 63

Employment Opportunities ........................................................................................................68

Actions of Bank Regulatory Agencies ......................................................................................70

TBA Professional Development Calendar ...............................................................................71

oFFiCERsWilliam Sammy Stuard, Jr / Chairman

F&M Bank, ClarksvilleMichael B. Swain / Chairman-elect

The First National Bank of Oneida, OneidaC. Craig Fitzhugh / Vice Chairman

Bank of Ripley, Ripley

sTAFFAdministration

Bradley L. Barrett / PresidentKaren S. Holmes / Senior Vice President /

Chief Operating OfficerPenny L. Powlas / Executive Assistant,

Administration / LegalColin Barrett / Vice President of

Administration and Member ServicesSteve Curtis / Director of Information

TechnologyCheryl Nesbit / Training Center CoordinatorRebekah A. Kachelman / Membership

Services SpecialistKim Burnett / Receptionist

Accounting / InsuranceAngela D. Griffin, CPA / ControllerSteven Cope / AccountantShemeka Greer / Accounts Receivable ClerkFelisha Gatlin / Accounts Payable Clerk

Legal / Government RelationsTimothy L. Amos / Senior Vice President /

General CounselTausha Carmack / Vice President / Deputy

General Counsel

EducationDebbie M. Brickles / Vice President /

Director of Training and DevelopmentSusan R. Taylor, CMP / Vice President /

Director of Professional DevelopmentMonique Jenkins / Education

Services SpecialistCommunications

Dianne W. Martin / Vice President / Director of Communications

Christopher D. Craig / Assistant Director of Communications

Lila Griffin / Proofreader

DivisioN ChAiRMENAnderson L. Smith / Independent Bankers

Division, MorristownMike Edwards / Corresponding Bank

Division, Nashville Wes Farragut / Young Bankers Division, Sevierville

The Tennessee Banker (ISSN 0040-3199) is published monthly by the Tennessee Bankers Association, 211 Athens Way, Ste 100, Nashville, TN 37228-1381; telephone 615-244-4871. Advertising rates available upon request. Subscrip-tions: $30.00 per year for TBA members; $43.00 for nonmembers; single copies, $6. Tennessee residents add 9.25% sales tax. Periodical postage paid at Nashville, Tennessee. POSTMASTER: send address changes to The Tennessee Banker, 211 Athens Way, Ste 100, Nashville, TN 37228-1381.

Copyright © 2009, Tennessee Bankers Association; all rights reserved. The Tennessee Bankers Association disclaims all responsibility for opinion expressed in addresses, papers, or communications published in The Tennessee Banker unless such opinion has been endorsed by the Tennessee Bankers Association.

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TBA Annual Meeting Offers Networking, Information, and Leadership TransitionBy Brad BarrettPresident, Tennessee Bankers Association

County, Shelbyville. With her election, Donna will stand in line to be TBA’s first female chairman in June of 2011.

One of the bylaws changes delegates

will vote on during the Annual Meeting will allow for adding the chairman of our Government Relations Committee to the TBA board. This is an important step, as our Government Relations Com-mittee chairmanship is one of our most active volunteer positions.

All in all, the June Annual Meeting is an important one for our association and our membership. We understand that budget considerations and economic conditions are going to have an impact on participation this year, and we respect that. But we also understand that an-nual meetings play an important role in our association’s program.

If you cannot be with us this year, we hope you will be back in 2010. ■

FRoM ThE ExECUTivE oFFiCE

ThE TENNEssEE BANKER /MAy 2009 7

I n times of e c o n o m i c challenges

such as these, it is right to ex-pect that our a s soc ia t ion ’s Annual Meet-ing will look and feel a little different than usual. Certainly attendance will

be down somewhat this year, but those attending will participate in a serious and informative program which begins on Sunday, June 7, and concludes on Tuesday evening, June 9.

Chairman Sammy Stuard and I have been working on a program that will take advantage of expertise found only in our nation’s largest city. Invitations have been extended to representatives from the Federal Reserve Bank of New York, JP Morgan Chase, and New York-based First Horizon chief economist Chris Low. In addition, Tennessee’s lone member on the Senate Banking Com-mittee, Bob Corker, has been invited to speak, along with our chief state regulator, Commissioner Greg Gonzales. Rounding out the program will be ICBA President Cam Fine and ABA COO/

Brad Barrett

President

Senior Executive Vice President Diane Casey-Landry.

Networking is important in times like these, and the program will allow op-portunities for our mem-bership to network with each other—certainly there will be much to talk about.

The Annual Meeting also provides the setting for leadership transition. As Chairman Sammy Stuard moves to past chairman, Oneida banker Michael Swain steps into the chairmanship. Mike brings past TBA board experience to the chairmanship and great insight and knowledge about the association, as his father served as TBA president nearly three decades ago.

The nominating committee is offering four excellent candidates for board posi-tions, including East Tennessee banker Bill Dudney, president, Citizens Bank, Kingsport; Middle Tennessee banker Tommy Whittaker, president and CEO, The Farmers Bank, Portland; and West Tennessee banker Jeff Agee, president and CEO, First Citizens National Bank, Dyersburg, for directorships. Nominated to serve as TBA vice-chairman and, ulti-mately, TBA chairman, is Donna Stone, CEO, First Community Bank of Bedford

119TH

June 7-9, 2009, The Marriott Marquis, New York, NY

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Agenda At-A-GlanceSunday, June 71:30 – 6:00 pm ...... Registration – 6th Floor 6:00-7:30 pm ........ Chairman’s Reception – Broadway Lounge, 8th Floor

Monday, June 87:30 – 11:30 am .... Registration – 6th Floor 8:30 – Noon .......... Business Session – Broadway Ballroom9:30 – 11:00 am .... Spouse Program – Manhattan Ballroom Afternoon .............. Open6:30 – 8:00 pm ...... New York, New York Reception – 9th Floor 8:00 – 10:00 pm .... TBA Board Dinner – Rainbow Room

Tuesday, June 97:30 – 11:30 am .... Registration – 6th Floor 8:30 am – Noon .... Business Session – Broadway BallroomAfternoon ............. Open6:00 pm ................. Reception – Broadway Ballroom 7:00 pm ................. Banquet/Entertainment – Broadway Ballroom

Sunday, June 7Chairman’s Reception ....................................................Earl R. Whaley and Company, Mountain Life Insurance Company, and Centerpoint Flood Services

Monday, June 8Continental Breakfast .............................................. BlueCross BlueShield of TennesseeEconomic Forecast – Chris Low .............................. FTN FinancialSpouse Program ..................................................... F&M Bank, ClarksvilleCoffee Bar ............................................................... Vining SparksChairman’s Suite Reception .................................... Horne LLPNew York, New York Reception – Open Bar ............ KraftCPAs, PLLC and Waller Lansden Dortch & Davis, LLP

Tuesday, June 9Speaker – Robin Roberts ........................................ Investors Title Insurance Company Coffee Bar ............................................................... Crowe Horwath, LLPReception & Music .................................................. Federal Home Loan Bank of CincinnatiBanquet ................................................................... Financial Products and Services, Inc Wine at Banquet ...................................................... Crowell & Crowell, PLLCFresh Flower Centerpieces at Banquet ................... Elite Financial Products, IncEntertainment .......................................................... TBA Independent Bankers Division, ICBA Bancard and TCM Bank, and ICBA Mortgage

GeneralPrinting of Annual Meeting Program ....................... Alexander Thompson Arnold, PLLCPocket Schedule of Events ...................................... Rayburn Bates & Fitzgerald, PCDaily Under-the-Door Schedule ............................... PULSEGuest Room Key Cards ........................................... Silverton Bank, NANote Pads ................................................................ Diebold, IncorporatedPens ........................................................................ First National Banker’s BankWall Street Journal .................................................. Morgan Keegan & Company, Inc

Business session speakersMonday DianeCasey-Landry, COO/Senior Vice President, American Bankers Association, Washington, DC

SenatorBobCorker, United States Senator, Tennessee

Chris Low, Chief Economist, FTN Financial, New York, New York

TuesdayCamden R. Fine, President/CEO, ICBA, Washington, DC

Greg Gonzales, Commissioner, State of Tennessee, Department of Financial Institutions

Richard W. Peach, Senior Vice President, Federal Reserve Bank of New York, New York, NY

RobinRoberts, Co-Anchor, ABC News’Good Morning America

Thank You to Our Sponsors

119TH June 7-9, 2009, The Marriott Marquis, New York, NY



Delegates Will Elect New LeadersElections scheduled for Tuesday Business Session

E ach year during the TBA Annual Meeting, delegates vote to elect new officers and directors to lead

the association during the next year. When members convene in New York for the 119th Annual Meeting, they will hold elections during the Tuesday morn-ing business session.

Sammy Stuard, the 2008-2009 chair-man, will preside over the convention, and during the Tuesday evening ban-quet, he will pass the gavel to his suc-cessor, elected earlier that day. Stuard is president and CEO of F&M Bank, Clarksville.

Nomination ProcessEach year, delegates elect one new

director from each of the three grand divisions of the state and a new vice chairman. The TBA board functions as the nominating committee with current board members from each of the grand divisions caucusing to select that divi-sion’s new nominee to serve a three-year term on the board.

Executive committee members for 2008-2009 are, left to right, vice Chairman Craig Fitzhugh, Chairman sammy stuard, Past Chairman steve White, and Chairman-elect Mike swain.

10 ThE TENNEssEE BANKER /MAy 2009

Directors James W. Holmes, President/CEO, Carter County Bank, Elizabethton

Robert E. McNeilly, III, Chairman/President/CEO, SunTrust Bank, Nashville

Barry Cary, President, Farmers and Merchants Bank, Trezevant

Anderson L. Smith, President/CEO, Jefferson Federal Bank, Morristown

Donna Stone, CEO, First Community Bank of Bedford County, Shelbyville

R. Molitor Ford, Jr, Vice Chairman and CEO, Commercial Bank & Trust Co, Memphis

Samuel L. Swafford, President/CEO, First Bank of Tennessee, Dayton

Ed Lowery, Vice Chairman, Peoples State Bank of Commerce, Nolensville

William D. Buckley, II, President/Northeast Region, BancorpSouth, Jackson

Past Chairmen – Ex-Officio Directors H. Glenn Barker, Chairman/CEO, Citizens Tri-County Bank, Dunlap

Paul Willson, Chairman/CEO, Citizens National Bank, Athens

Steve White, Executive Chairman, Community South, Parsons

Vice ChairmanC. Craig FitzhughVice ChairmanBank of Ripley, Ripley

Chairman-electMichaelB.SwainChairmanThe First National Bank of Oneida, Oneida

PresidentBradleyL.BarrettTennessee Bankers Association,Nashville

ChairmanWilliamSammyStuard, JrPresident/CEOF&M Bank, Clarksville

2008-2009 Officers & Directors

Division Chairmen – Ex-Officio Directors Independent Bankers DivisionAnderson L. Smith, President/CEO, Jefferson Federal Bank, Morristown

Young Bankers DivisionWes Farragut, Vice President, Mountain National Bank, Sevierville

Corresponding Bank DivisionMike Edwards, President, Tennessee Banking Group, First Tennessee Bank National Association, Nashville

ABA State ChairmanJohn Jordan, President/CEO, Community Bank of East Tennessee, Clinton

ICBA State ChairmanDwight Grizzell, President/CEO, Mountain National Bank, Sevierville,

Financial Products & Services, Inc, ChairmanWilliam B. Marsh, Chairman/President/CEO, First Commerce Bank, Lewisburg

The nominee for vice chairman is selected from the same grand division as the outgoing chairman. Consequently, for the upcoming 2009-2010 year, the new vice chairman comes from Middle Tennessee.

At election time at the convention, each member-bank charter is entitled to one vote.

The new vice chairman joins the execu-tive committee, the current vice chairman becomes chairman-elect, and the chair-man-elect ascends to the office of chair-man. The outgoing chairman remains an ex-officio member of the board for three more years, which ensures continuity of leadership.

The board also includes the chairmen of the Independent Bankers, Young Bank-ers, and Corresponding Bank divisions; the ABA and ICBA state chairmen; and the chairman of Financial Products and Services, Inc. Beginning with the new as-sociation year, if proposed bylaws changes pass, the chairman of TBA’s government relations committee will join the board.

If you have any questions about the nomination or election process, you can contact Brad Barrett, TBA president, 615-244-4871 or 800-964-5525. ■

The following slate of candidates will be placed in nomination on Tuesday, June 9, for the openings on the executive committee and the board of directors:

vice Chairman – Donna stoneCEO, First Community Bank of Bedford County, Shelbyville

East Tennessee Director – Bill Dudneypresident, Citizens Bank, Kingsport

Middle Tennessee Director – Tommy Whittakerpresident and CEO, The Farmers Bank, Portland

West Tennessee Director – Jeff Ageepresident and CEO, First Citizens National Bank, Dyersburg

Donna stone Bill Dudney

Tommy Whittaker

Jeff Agee



W hen bankers converge on New York for

the 119th Annual Meeting of the Tennessee Bankers Association, they will find an exceptional lineup of speakers for the two morning business ses-sions, Monday and Tues-

day, June 8 and 9. TBA Chairman Sammy Stuard, president and CEO of F&M Bank in Clarksville, will preside over the meetings.

This year’s program will tap into the tal-ent and expertise available in our nation’s largest city. Delegates will hear from the following: •Diane Casey-Landry, senior executive vice president, American Bankers Associa-tion •Cam Fine – president, Independent Com-munity Bankers of America •Bob Corker – US senator from Tennessee and a member of the Senate Banking Com-mittee •Richard Peach – vice president for mac-roeconomic and monetary studies function, Federal Reserve Bank of New York •Greg Gonzales – commissioner, Tennes-see Department of Financial Institutions •Chris Low – chief economist, FTN finan-cial capital markets, First Horizon National Corporation •Robin Roberts – co-anchor, ABC News, Good Morning America

An invitation also has been extended to a representative of JP Morgan Chase to ad-dress the convention.

In addition to the speakers listed above, TBA Chairman Sammy Stuard will report on association activities over the past year. The nominating committee will deliver the slate of nominees for new officers and directors, and delegates will elect the association’s leaders for 2009-2010. ■

Business Sessions

sammy stuard, JrTBA Chairman

speaker BiographiesDiane Casey-Landry

Diane Casey-Landry is chief operating officer and se-nior vice president of the American Bankers Association in Washington, DC, and a member of the organization’s board of directors.

From January 2000 to December 2007, Casey-Landry was the innovative president and CEO of America’s Com-munity Bankers, where she led the association in making its members more competitive in their communities. Under her leadership, ACB rebranded the association and refocused its emphasis on advocacy, education, new products and services, and enhanced staff expertise.

With nearly a quarter-century’s experience in banking policy, Casey-Landry is recognized as an industry expert. Before joining ACB, she was a principal and national director of financial services for Grant Thornton, LLP, where she chaired the firm’s national financial services committee and oversaw its financial services practice. Prior to grant Thornton, Diane was executive director of the Independent Community Bankers of America. She began her career as a bank examiner with the Federal Reserve Bank of Cleveland.

Senator Bob CorkerBob Corker grew up in Chattanooga, where he at-

tended public schools, played sports, and from an early age learned to love and value hard work. He took his first job at age 13 picking up trash and spent his teenage years bagging ice, working at the Western Auto, and putting in long hours as a construction laborer.

Corker graduated from the University of Tennessee in 1974 with a degree in industrial management, and after working four years as a construction superintendent, he started his own construction company with $8,000. The company grew as it quickly gained a reputation for meet-ing deadlines on time and under budget and eventually expanded to operations in 18 states. Over time, Corker’s business interests evolved to acquiring and developing commercial real estate.

After traveling with his church on a mission trip to Haiti in his late 20s, Corker began to take a closer look at needs in his own community. He led the creation of Chattanooga Neighborhood Enterprise, a nonprofit organization that today has helped over 10,000 families secure decent, fit, and affordable housing through low-interest loans and personal training in home maintenance.

In 1994, he was appointed Tennessee commissioner of finance and ad-ministration, where he served for two years. As commissioner, he tightened the state’s budget and helped move almost 40,000 Tennesseans off welfare and into jobs.

continued on the page 15

Diane Casey-LandryCOO/Senior

Executive Vice President, ABA

honorable Bob Corker

United States Senator from

Tennessee


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Annual Meeting speaker Biographies continued

In 2001, Corker was elected mayor of Chattanooga. He transformed Chattanooga’s waterfront—attracting $2.1 billion of investment to revitalize the city, implemented merit bonus pay for teachers which dramatically raised student achievement in some of the city’s most challenged schools, and worked with local law enforcement officials to cut violent crime in half.

In 2006, Corker was elected to serve in the United States Senate. He is a member of the Senate committees on Banking, Housing, and Urban Affairs; Energy and Natural Resources; Foreign Relations; Small Business and Entrepreneurship; and the Special Committee on Aging.

Corker and his wife, Elizabeth, have been married for more than 20 years and have two daughters.

Camden R. FineCam Fine is president and CEO of

the Independent Community Bankers of America (ICBA), the only national trade association that exclusively represents com-munity banks.

A native of Missouri, Fine came to ICBA from the Midwest Independent Bank in Jefferson City, Missouri. He chartered and organized the bankers’ bank and served as president and CEO for nearly 20 years. In addition, Fine owned Mainstreet Bank of Ashland, Missouri, a $45 million-asset community bank in Central Missouri.

Fine has a strong background in politics as well as banking. In 1978, he joined the Missouri state government as a budget analyst, and in 1981 former governor and current US Senator Christopher “Kit” Bond appointed Fine director of the state Division of Taxation and Collection. In October of 2000, Fine was appointed to the Federal Advisory Council of the Board of Governors of the Federal Reserve System, representing the 10th Federal Reserve District—Kansas City.

Fine was educated at the Virginia Military Institute and the University of Missouri–Columbia. He is a distinguished graduate and past chairman of the Stonier Graduate School of Banking. Fine’s thesis, Banker’s Banks: A Correspondent Alternative for Community Banks, was published and included in the Harvard Business School library.

An active member of ICBA prior to becoming the associa-tion’s president and CEO, Fine served on the ICBA Bancard board, several standing committees, and the ICBA board of directors. He has been a passionate advocate for community bank issues and has been featured in The Wall Street Journal and The New York Times and appeared on CNN, MSNBC, Fox Business News, Bloomberg, PBS, and NPR.

In 2008, Fine was recognized by The Hill newspaper as one of the most effective and influential trade association CEOs and advocates in Washington, DC.

Greg GonzalesTennessee Governor Phil Bredesen appointed Greg Gonza-

les commissioner of the Tennessee Department of Financial Institutions on January 9, 2007. Gonzales had served as the department’s acting commissioner since December of 2005. He has worked for the financial institutions department since 1986, and his duties have included serving as general counsel as

well as directing budget, human resources, and legislative efforts for the department.

The Department of Financial Institutions is responsible for monitoring the safety and soundness of all state-chartered depository financial institutions and for insuring that licensed nondepository financial institutions comply with governing laws and regula-tions.

A native of Baxter, Tennessee, Gonzales is a graduate of Tennessee Technological University and earned his law degree from the University of Tennessee.

Chris LowChris Low is chief economist with FTN

Financial. In this capacity, he forecasts the direction and impact of US and global economy and financial markets for FTN Financial while following political and mar-ket events. Low has 20 years of experience tracking US and global economies, financial markets, central banks, and fiscal policy as well as six years’ experience as a money manager—giving him a unique ability to distill economic events in information use-ful to investors.

Low writes daily economic and market updates, weekly economic commentaries, and regular economic forecasts. He is a frequent and popular speaker at national conferences and forums and is a member of the Bond Market Association’s economic committee.

Low has been quoted in BusinessWeek, The Wall Street Journal, The New York Times, and many other publications. He is a regular on Bloomberg TV, Reuters Television, and CNBC. Low is also a frequent contributor to Bloomberg Ra-dio and NPR’s Marketplace. He regularly writes and delivers BBC radio’s US market news.

Low is a graduate of New York University.

Richard W. PeachRichard Peach is a vice president in the macroeconomic

and monetary studies function at the Federal Reserve Bank of New York. His primary responsibility is to coordinate the bank’s forecast for the US economy and the federal budget. Peach provides regular briefings to the bank’s president and senior staff and frequently represents the bank before outside groups.

In addition, Peach follows with particular emphasis the housing and real estate finance sectors. He is a regular con-tributor to bank publications such as the Economic Policy Review and the Current Issues series.

Peach joined the Federal Reserve Bank in June of 1992 as a senior economist assigned to the business conditions function. In May 1994, he was appointed an officer of the bank, and in December 1996, Peach was promoted to assistant vice presi-dent. In June of 1998, he was promoted to vice president.

Before joining the Federal Reserve, Peach was staff vice president and deputy chief economist of the Mortgage Bank-ers Association of America (MBAA). In that position, he co-authored the MBA’s monthly Economic Commentary, conducted surveys and studies of the mortgage banking

continued on page 17

Camden R. FinePresident/CEO,

ICBA

Greg GonzalesCommissioner

of the Tennessee Department of Financial Institutions

Chris LowChief Economist,

FTN Financial


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Annual Meeting speaker Biographies continuedindustry, and prepared analyses of the impact of changes in public policy on the housing and real estate finance industries. Peach played a key role in the development of MBA’s Weekly Survey of Mortgage Loan Applications, a closely watched indicator of conditions in housing and mortgage markets.

Prior to joining the MBA in 1986, Peach was staff vice president for forecasting and policy analysis of the National Association of Realtors (NAR). He also served as an econo-mist with the Bureau of Economic Analysis of the US Depart-ment of Commerce and was an economics instructor at the University of Maryland.

Peach graduated summa cum laude and with Honors in Economics from the Pennsylvania State University in 1973. He was awarded a University of Maryland Fellowship for Graduate Study and earned a Master of Arts degree in 1979 and a doctorate in economics in 1983 from that institution.

He and his wife have three daughters and reside in New Jersey.

Robin RobertsRobin Roberts was named third anchor

of ABC News’ Good Morning America in May of 2005. At Good Morning America, Roberts reports on a wide array of topics and issues for the morning broadcast. She has contributed to Good Morning America since June 1995 and has worked in broad-casting for more than 20 years. Other ABC assignments have included segments hosting Good Morning America Sunday and Prime Time.

With GMA, she has covered numerous special events ranging from the homecoming of soldiers aboard the USS Roosevelt to the Golden Jubilee at Buckingham Palace to the 25th anniversary of the papacy of Pope John Paul II in Vatican City. Roberts also has interviewed newsmakers from first lady Laura Bush to sports legends Tiger Woods and Shaquille O’Neal.

More recently, Roberts reported from Des Moines, Iowa, where she anchored a Town Hall meeting with presidential candidate Senator Hillary Rodham Clinton (D-NY). She also has traveled to Africa with former President Clinton to bring viewers a firsthand look at the devastating AIDS crisis in that part of the world. There, she and the President visited cities and villages around the continent to bring the story to GMA viewers. Roberts is also the only morning anchor to have ever broadcast live from inside a Navy submarine.

In August 2005, Roberts’ personal and professional lives collided when Hurricane Katrina devastated the city of New Orleans and the entire Mississippi Gulf Coast—a part of the country she has called home for most of her life. Roberts reported live amid the devastation in the days following the storm and launched GMA Gets It Done, a year-long initia-tive to get her hometown of Pass Christian, Mississippi, up and running. She has returned to the Gulf Coast numerous times to continue her reporting and update viewers on how residents, businesses, and everyone in that part of the country are mending post-Katrina.

From 1990 to 2005, Roberts was also a contributor to ESPN, where she was one of the network’s most versatile commentators. Her assignments there included hosting SportsCenter, contributing to NFL PrimeTime from 1990 to 1994, and providing reports and interviews from the field. She was also the primary reporter for ESPN’s coverage of the Winter and Summer Olympics. She has hosted ABC Sports’ Wide World of Sports.

In 1988, Roberts worked as a sports reporter and anchor at WAGA-TV in Atlanta, Georgia. She was a morning personality on WVEE-FM, Atlanta’s top-rated morning show.

Before working at WAGA, Roberts served as a sports anchor and reporter for WSMV-TV in Nashville (1986-1988), where she won the Nashville Scene “Sportscaster of the Year Award” in 1987. She also worked at WLOX-TV in Biloxi, Mississippi (1984-1986) and WDAM-TV in Hattiesburg, Mississippi (1983-1984) as sports anchor and reporter.

Roberts began her broadcasting career while in college at WHMD/WFPR Radio in Hammond, Louisiana (1980-1983), where she was sports director.

In 1983, Roberts graduated cum laude from Southeastern Louisiana University with a BA degree in communications. She was also a standout performer on the women’s basketball team, ending her career as the school’s third all-time leading scorer with 1,446 points, and rebounder, 1,034.

The inaugural Robin Roberts Sports Journalism Scholar-ship, created by the Women’s Institute on Sport and Education, was presented at the 1996 NCAA Women’s Final Four.

In 2001, Roberts was named a “Louisiana Legend” by Louisiana Public Broadcasting. Previously, Roberts received the 1993 “Excellence in Sports Journalism Award for Broad-cast Media,” given by the Northeastern University Center for the Study of Sport in Society and the School of Journalism. Roberts earned the 1992 “Women at Work Broadcast Jour-nalism Award” for her contributions to the image of working women on television and for expanding career options for women in broadcast journalism. In 1994, she was inducted into the Women’s Institute on Sport and Education Founda-tion’s Hall of Fame.

In addition to covering world events, Roberts has shared her personal experiences with Good Morning America audiences around the country. In July of 2007, she announced that she had been diagnosed with breast cancer and was undergoing treatment. Since then, Roberts has become an outspoken advocate for breast cancer awareness and the importance of early detection.

In March 2007, Hyperion Books published her first book, From the Heart: Seven Rules to Live By, which was a New York Times bestseller. An updated version, From the Heart: Eight Rules to Live By, was released in October with an additional chapter on her experience with breast cancer. ■

Robin RobertsCo-anchor, ABC

News’ Good Morning America


The Best of Broadway - Banquet Entertainment

The final events of the convention take place on Tuesday evening with a reception followed by a

banquet featuring the induction of your new chairman. The evening, and the meeting, conclude with a performance you will only find in New York – The Best of Broadway.

This 60-minute musical comedy show, featuring some of Broadway’s most beloved songs, will be hosted by Seth Rudetsky, current host of Sirius Satellite Radio’s Broadway station. Joining him will be three veteran Broadway performers from shows like Wicked, Beauty & the Beast, 9 to 5, and Young Frankenstein, who will sing some of Broadway’s classic songs span-ning five decades.

Rudetsky, a guitarist, bass player, and drummer will accompany the per-formers. In addition, Rudetsky will provide fascinating background and insights on the songs and offer hilari-ous backstage tales and funny insider stories. This will change forever they way you look at a Broadway show.

Rudetsky was the artistic producer and musical director of special Broad-way theatre benefit performances of such shows as The Best Little Whore-house in Texas, On the Twentieth Cen-tury, Hair, Funny Girl, and Dreamgirls. He has worked with many Broadway stars including Kristin Chenowith, Har-vey Fierstein, Whoopi Goldberg, Patti LuPone, Audra MacDonald, Andrea McArdle, and Bebe Neuwirth.


A versatile musician, Rudetsky has played piano in the orchestra pit for 15 Broadway shows including Les Miserables, Saturday Night Fever, Grease, Victor/Victoria, The Phantom of the Opera, and The Producers and was assistant conductor for Grease and Victor/Victoria. He has written the opening numbers for several Tony Award shows.

In addition to his musical talents, Rudetsky has been nominated for three Emmy Awards for his comedy writing on The Rosie O’Donnell Show and has appeared on Law & Order CI, and All My Children. ■

Examples of the songs from each decade include:• From the 40s - “Old Fashioned Wedding” from Annie Get Your Gun• From the 50s – “Sit Down You’re Rocking the Boat” from Guys and Dolls• From the 60s – “Don’t Rain on My Parade” from Funny Girl• From the 70s – “What I Did for Love” from A Chorus Line• From the 80s – “Suddenly Seymour” from Little Shop of Horrors• From the 90s – “Beauty & the Beast” from Beauty & the Beast• From today – “The Wizard and I” from Wicked


A much-antic-ipated

event during T B A’s A n -nual Meeting, is the spouse program, tra-ditionally held on Monday morning.

This year, Kathy Stuard, wife of TBA Chairman Sammy Stuard, is inviting all spouses and guests to a continental breakfast and appearance by award-winning fashion designer, Cynthia Rowley. The program is scheduled for 9:30 to 11:00 in the Manhattan Ballroom of the Marriott Marquis, headquarters hotel for the convention.

Cynthia Rowley was seven when she constructed her first dress. As a senior at the School of the Art Institute of Chicago, she sold her first collection of eight pieces to a number of New York’s most prominent stores.

Over the years, the Cynthia Row-ley Collection has grown to include women’s wear, shoes, handbags, eye-wear, belts, dishes, leg wear, hats, color cosmetics, and fragrance. The collec-tion is sold in her shops in New York, Chicago, East Hampton, Charleston, Japan, Hong Kong, Beijing, and Taiwan, and in the Cynthia Rowley online boutique. A shop in Shanghai is opening soon. The Cynthia Rowley Collection is also represented in better department and specialty stores, both domestically and internationally.

The Council of Fashion Design-ers of America honored her with the prestigious Perry Ellis Award for Womenswear. The CFDA recognized Cynthia again, three seasons after she introduced a complete menswear line, with a nomination for the Perry Ellis Award for New Menswear Design Talent.

A broad range of targeted media has assisted her in reaching a large national and international audience. Rowley has appeared on the Late Show with David Letterman, Oprah, Good Morning America, Today, and

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The View. She has appeared as a judge on Project Runway and Design Star. In addition, Rowley has been featured on Entertainment Tonight, Access Hol-lywood, MTV, VH1, E!, and the Style Network.

Editorial coverage consists of features in print media such as Vogue, Elle, W. Harper’s Bazaar, Glamour, and the New York Times. The unique interior of her homes are frequently showcased in pub-

lications such as Elle Décor, In Style, French Vogue, and Harper’s Bazaar.

She is the author of four books. Her latest book, Slim: A Fantasy Memoir, was published in 2007. She is an admirer of contemporary art and an avid art collector.

Cynthia is the mother of two daughters. In her free time, she en-joys surfing, waterskiing, and scuba diving. ■


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T he bylaws of the TBA serve as one of the key documents governing the conduct and operations of the

association. The bylaws control impor-tant issues such as membership, voting rights, board composition, and numerous operational provisions.

Tennessee’s Not-For-Profit Corpo-ration Act serves as a platform for all nonprofit corporations and includes many default provisions for corporate governance that can be modified only through inclusion in a charter provision or in the association’s bylaws. Thus, an association or corporation can use the standard provisions of state law for much of their operating procedures without the need for an extensive set of bylaws.

The bylaws, then, are a way for a corporation to establish a structure that meets the specific needs of its member-ship. Because these needs change over time, the bylaws are an ongoing and living document. In recognition of this ever changing need, the TBA included a bylaws review as part of the Legal De-partment’s performance goal in 2008.

The association bylaws have been amended several times in the last 25 years. These included revisions in 1982, 1991, 1993, 1996, 2000, and 2001. Many of these revisions reflected the changing nature of the industry including the merger and incorporation of the Ten-nessee League of Savings Institutions and the changing demographic of the industry including cross-county branching and ultimately interstate banking. Over this time, the amendments included changes in association membership, board com-position and number, meeting schedule, and voting procedures. The bylaws were amended last in 2001.

Board RecommendationBased upon the TBA legal depart-

ment’s review, at its meeting on February 25, 2009, the TBA board passed a resolu-tion recommending adoption of revised

TBA Board Proposes Changes to Bylawsand restated bylaws for the association. These revised and restated bylaws will be included on the general business session agenda at the association’s Annual Meet-ing in New York, June 7-9, 2009.

The board recommends that the mem-bership approve the revised and restated bylaws at the meeting.

See page 51 of this issue for the text of the proposed revised and restated bylaws as well as a summary of the changes.

There are only a few significant changes listed, several technical changes, as well as a few conforming changes to language.

If you need additional information, clarification, or have any comments on the proposal, please contact Tim Amos, senior vice president and general counsel/corporate secretary, via E-mail to [email protected] or by calling 615-244-4871 or 800-964-5525. ■

Summary of Bylaw Changes Revised and Restated June 2009

Meaningful ChangesSection 5.01 – TBA Board Composition and Election

This provision adds the chairman of the Government Relations Committee as an ex-officio member of the board, separates “officers” into a new class, and clarifies that an individual may serve on the board in more than one category without creating a vacancy in one position.

Section 5.03 – Meetings of the TBA BoardCurrent provision requires the board to meet “on the day preceding or dur-

ing any general meeting of the association.” The revision requires the board to meet at least annually at such time and place as determined by the chairman or president. This would eliminate a requirement to have the board meeting at the annual convention and provide more flexibility in establishing quarterly meetings.

Section 8.01 – ExpensesThis provision increases the authority of the president and executive committee

to authorize unbudgeted expenses from $10,000 to $20,000 and from $15,000 to $30,000, respectively. This provision has not been revised since 1982.

Technical Changes Section 1.02 – Dues

Permits the board to set the schedule for payment of dues rather than requir-ing payment semi-annually.

Section 2.03 – NoticesCurrent bylaws provide that notice of an annual meeting shall be given

by “advertisement in a newspaper or personal notice to the members.” This removes the newspaper requirement and provides for “advertisement in an association publication or its website or personal notice.”


Summary of Bylaw Changes Continued

Technical ChangesSection 3.01 – Young Bankers Division

This section provides that par-ticipation in the Young Bankers Division is contingent on meeting qualifications determined by the division bylaws. The current TBA bylaws section does not contain any limitations. However, the current division bylaws provide an age limit of 40 years on participation in the Young Bankers Division.

Section 3.04 – Division OfficersCurrently division officers must

be elected at an annual convention of members. This would allow election at another meeting of the respective division other than an annual convention.

Section 6.02 – Powers of BoardThis clarifies terminology re-

garding a meeting of the board of directors of “its membership” and instead states “the members of the board.”

Section 6.03 – Association YearThis provision clarifies that for

purposes of the election of officers and board members, the association year runs from one annual convention or meeting to the next annual conven-tion or meeting of the membership. For tax purposes, the association year shall be established by the board of directors. Currently, the association fiscal year is May 1 to April 30.

Section 7.01 – Election of OfficersThis conforms the terminology

to the association year as described above rather than from “one con-vention until the next succeeding convention.”

Section 7.02 – PresidentThis provision clarifies that the

board of directors shall “elect” rather than “appoint” the president, secretary, and treasurer. ■

BYLAWS OF TENNESSEE BANKERS ASSOCIATION(as proposed through June, 2009)

Article i - Membership in AssociationSection 1.01 Regular Members/EligibilityAny FDIC insured institution or nondepository trust company with a principal office or branch office located within the State of Tennessee which accepts deposits or trust assets may become a member of the association upon approval by the Board of Directors and payment of the annual dues as provided herein.

Section 1.02 DuesThe annual dues of the Association shall be fixed by the Board of Directors. The dues shall be due and payable annually or semi-annually as determined by the Board of Directors.

Section 1.03 Failure to Pay DuesAny member failing to pay within three months the annual dues for carrying on the business of the Association shall be considered as having withdrawn from the membership, but may be reinstated upon application to and approval by the Executive Committee and paying current dues.

Section 1.04 ExpulsionAny member may be expelled from the Association upon a vote of two-thirds of those present at any annual or special meeting, provided, however, that in any event, one month’s notice shall be given to the membership of the proposal for expulsion.

Section 1.05 Honorary MembershipNominations for election to honorary membership shall first be submitted to the Board of Directors. If in its judgment the honor shall be bestowed, a report to that effect will be made to the members of the Association in convention assembled, who will take such action as they may deem proper. Should nominations be made from the floor without the recommendation of the Board of Directors, the presiding officer will rule the nomination out of order. Proposals of names for honorary membership when made from the floor, however, can by proper motion be referred to the Board of Directors. On recommendation of the Board of Directors and in the wisdom of the membership of the Association, honorary memberships may be bestowed upon former officers of the Association or any former officer of a member bank.

Section 1.06 Associate MembersThe Board of Directors may establish one or more categories of associate members, fix their eligibility, establish dues schedule for each category, and permit membership upon approval of the board and payment of dues.

Article ii - Membership MeetingsSection 2.01 Annual MeetingsAnnual meetings or conventions of the Association shall be held once each year at such time and place as may be determined by the Board of Directors.

Section 2.02 Special MeetingsSpecial meetings of the Association may be called by the Board of Directors at such time and place and for such purpose as may be determined by it.

Section 2.03 Notices Due notice of any meeting at which an election is to be held must be given by 1) advertisement in an association publication or on its website, or 2) via personal notice to the members. At least two (2) weeks’ notice shall be given of all other membership meetings. All notices of meetings shall state the time and place thereof. Notices of special meetings shall also state the purpose or purposes of the meetings.

Section 2.04 DelegatesEach member shall be entitled to send one (1) delegate for each member institution to the membership meetings of the association. Delegates shall be officers of the institution they represent. Other officers, partners, members, or employees of members may attend member-ship meetings, but only delegates shall vote or participate in the business of such meetings.

Section 2.05 VotingDelegates shall vote in person. No voting by proxy shall be allowed. All votes shall be viva voce unless otherwise ordered. Any delegate may demand a division of the house.

continued on page 55


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Section 2.06 Consideration of BusinessResolutions or subjects for discussion (except those referring to points of order or matters of courtesy) shall be submitted to the Board of Directors in writing at least thirty (30) days before any meeting of the Association. But any person desiring to submit any resolution or business in open convention may do so upon a two-thirds vote of the delegates present, referring the resolution to the Board of Directors or Committee for Resolutions to report upon immediately.

Article iii - Divisions of AssociationSection 3.01 Young Bankers DivisionThere may be organized a division to be known as the “Young Bank-ers Division of the Tennessee Bankers Association,” which Division shall function at the pleasure of the Board of Directors and may be disbanded by the Board of Directors at any duly called meeting thereof. Any articles of Association and Bylaws governing member-ship in the Young Bankers Division, or providing for officers, thereof, as well as other regulations concerning the activities and policies of the Division must be approved in advance by the Board of Directors. Any employee of a member of the Association meeting qualifications determined by the Division bylaws may become a member of the Young Bankers Division.

Section 3.02 Independent Bankers DivisionThere may be organized a division to be known as the “Independent Bankers Division of the Tennessee Bankers Association.” All inde-pendent bankers which are members of this Association are eligible for membership in the Independent Bankers Division.

Section 3.03 Corresponding Bank DivisionThere may be organized a division to be known as the “Correspond-ing Bank Division of the Tennessee Bankers Association.” All banks with total deposits of one hundred million dollars and one million dollars in correspondent bank deposits are eligible for membership in the Corresponding Bank Division.

Section 3.04 Division OfficersThe officers of the Divisions provided in Sections 3.01, 3.02, and 3.03 of these bylaws shall be Chairman and Vice Chairman or such other officers as designated by the Division and shall be elected by the members of each respective Division at the annual convention or meeting of the respective Division for a term of one year. If the members of any Division fail to so elect such officers, the Chairman of the Association shall appoint the same from the eligible members of the respective Divisions.

Section 3.05 Division MeetingsEach Division shall meet at such time and place as announced by the Chairman.

Article iv - standing and other CommitteesThe Chairman shall appoint such committees as are required to ac-complish the purposes of this Association.

Article v - Board of DirectorsSection 5.01 Composition and Election(a) There shall be a Board of Directors which shall be composed of 24 25 members divided into five classes as follows:

(1) Nine (9) members, three from each Grand Division of the state. Members shall be divided into three groups, one-third of whom shall be elected annually. Members shall be elected for

the term of three (3) years, except when elected to fill a vacancy or an unexpired term.

(2) Four (4) officers of the association who shall be ex-officio members of the board including the Chairman, Chairman-elect, Vice Chairman, and President. Ex-officio members shall serve on the Board of Directors during their term of office or until their successor is duly elected and shall have full voting privileges.

(3) Six (6) ex-officio members representing Association Divisions and other groups including chairmen of the Young Bankers Divi-sion, Independent Bankers Division, and Corresponding Bank Division, the American Bankers Association state chairman, the state vice presidents of the Independent Community Bankers of America and the Chairman of the Government Relations Com-mittee. Ex-officio members shall serve on the board during their term of office or until their successor is duly elected or appointed and shall have full voting privileges.

(4) Three (3) past chairmen who shall be a member of the Board of Directors for three (3) years immediately following their term as Chairman. Such Past Chairmen shall have full voting privi-leges. During such three years, a Past Chairman must be actively connected with a member bank. The term “actively connected” means an employee or officer who receives a salary other than a retirement income. A bank director or person serving in an advisory capacity shall not be construed to be actively connected with a bank except that the Chairman of the Board of Directors shall be so construed.

(5) Three (3) at-large members appointed by the Chairman for staggered terms of three (3) years unless appointed to fill an unexpired term. Such appointed members shall have full vot-ing privileges.

(b) No member of the Board of Directors shall be eligible for re-election for a period of one (1) year after the expiration of his term of office from the same position, group, or category described above. Provided, however, a director may serve as a director from more than one group, category or position, other than officer, and such service shall not create a vacancy.

(c) The Chairman shall preside at meetings of the Board of Direc-tors.

Section 5.02 DutiesThe Board of Directors shall have charge of the general business of the Association, shall receive communications, arrange for holding meetings, prepare and arrange subjects for discussion in the order in which they may come before the annual convention or meeting, provide for speakers, and carry out the resolutions passed by the members.

Section 5.03 MeetingsThe Board of Directors shall meet at least annually at such time and place as determined by the Chairman or President, and may meet in one (1) or more regular or special sessions between annual meetings of the board.

Special meetings of the Board of Directors may be called by the Chairman or President of the Association or by five (5) members of the Board of Directors giving written notice to the Secretary of the Association, who shall give notice to the members of the Board of Directors.

continued on next page

BYLAWS OF TENNESSEE BANKERS ASSOCIATIONContinued


Section 5.04 QuorumA majority of the members and ex-officio members of the Board of Directors shall constitute a quorum for the transaction of business.

Section 5.05 Records and ReportsThe Board of Directors shall (1) provide for keeping the records of the proceedings of its own meetings as well as those of all meetings of the Association; and (2) make full statements of the monies required to carry on the affairs of the Association according to its judgment of the business to be done and recommend means for raising money to carry out such plans as may be resolved by the Association.

Section 5.06 Executive Committee of the Board of DirectorsThere shall be an Executive Committee of the Board of Directors composed of the Chairman, Immediate Past Chairman, the Chairman-elect, the Vice Chairman, and the President. The Executive Commit-tee shall have charge of the general business and financial affairs of the Association when the Board of Directors is not in session. The Executive Committee may meet upon the call of the Chairman or President of the Association, and the attendance of three members of this committee shall constitute a quorum. This committee shall make a full report of all official actions taken.

Section 5.07 Nomination of Board of DirectorsNominations for members of the Board of Directors and officers of the Association shall be made by the Board of Directors acting as a nominating committee.

Article vi - Emergency ConditionsSection 6.01 Cancellation or Postponement of MeetingsIn all cases where war or other emergency may make it inexpedi-ent in the judgment of the Board of Directors to hold any annual convention of the membership, or expedient to postpone any such meeting, the Board of Directors shall have full, complete, general, and plenary power to direct that any such meeting shall be omitted, passed, or postponed and to order accordingly.

Section 6.02 Powers of the Board of DirectorsIn the event of the cancellation or postponement of an annual conven-tion under the provision herein, the Board of Directors, at any duly called meeting of the members of the board, shall have the power and authority under such circumstances to nominate, elect, and install officers and directors of the Association and to do and perform any and all other acts or things in this connection, all to the same extent and as fully as the annual convention of the membership may do under these Bylaws.

Whenever, under said war or emergency conditions, any failure to hold or postponement of any annual convention occurs as set out in this Article, then and in such event, the Board of Directors shall have like full, complete, general, and plenary power and authority to elect and install new members to the Board of Directors, to name successors for those whose terms may expire, or to fill any vacancies, all to the same extent and as fully as could be done by any annual convention or meeting of the membership of the Association.

In any event in which the annual convention or meeting of the mem-bership provided for by these Bylaws shall be omitted, postponed, or not held because of said war or emergency conditions, then the Board of Directors of the Association is authorized and empowered to do and perform all other acts and things authorized to be done and performed by an annual convention or meeting of the membership under the provisions of these Bylaws.

Section 6.03 Association Year For purposes of the election of officers and board members, the “As-sociation Year” shall begin at the annual convention or meeting of the membership and shall run until the next annual convention or meeting of the membership.

For all other purposes, including the filing of tax returns, the Associa-tion Year shall be set by the Board of Directors.

Whenever any annual convention or meeting of the membership is omitted, postponed, or passed under war or emergency conditions as provided in this Article, and a Board of Directors meeting is held in lieu thereof, the “Association Year” in such event shall, for all purposes of these Bylaws, be measured by and run to and from such meetings of the Board of Directors as it would be to and from the annual convention or meeting of the membership for which such meeting of the Board of Directors may have been substituted.

Article vii - officers and EmployeesSection 7.01 Election of OfficersThe officers of this association shall be a Chairman, Chairman-elect, Vice Chairman, President, Secretary, and Treasurer. However, the of-fices of President and Secretary may not be filled by the same person. The Chairman, Chairman-elect, and Vice Chairman shall be elected by the regular members at the annual meeting for a period of one (1) year and shall serve until their successors are elected. No officers other than the President, Secretary, or Treasurer shall hold office for more than two (2) consecutive years. The year herein mentioned shall mean the Association year. In case of death or disability of the Chairman, he shall be succeeded in office by the senior member of the Board of Directors representing the same grand division of the state as the Chairman.

The Chairman, Chairman-elect, and the Vice Chairman shall be representatives of different grand divisions of the state.

Section 7.02 PresidentThe Board of Directors shall elect the President, Secretary, and Treasurer and may discharge him or any other employee of the As-sociation in its discretion.

Section 7.03 Duties of SecretaryThe Secretary shall make and have charge of the records of the As-sociation as well as those of the Board of Directors and of the cor-respondence of the Board of Directors and committees. Such records shall be the property of the Association and shall be held at all times subject to the order of the Board of Directors.

Section 7.04 Duties of TreasurerThe Treasurer shall collect the annual dues from the members. The Treasurer shall receive and account for all monies belonging to the Association and shall pay out money only upon the approval of the Chairman of the Association or President elected by the Board of Directors.

Article viii - Miscellaneous ProvisionsSection 8.01 ExpensesThe expenses of the Board of Directors, of the Executive Commit-tee, and of the Standing Committees of this Association in carrying out the business to be done by them shall be defrayed from the As-sociation’s funds. If surplus funds exist, the Board of Directors may authorize the President to spend up to Twenty Thousand Dollars ($20,000.00) of such surplus without prior approval and may au-thorize the Executive Committee to spend up to an additional Thirty Thousand Dollars ($30,000.00) without prior approval. However, a full report on any such expenditures shall be made at the next Board of Directors meeting.

BYLAWS OF TENNESSEE BANKERS ASSOCIATIONContinued


Section 8.02 Fiscal YearThe fiscal year of the Association shall be fixed by resolution of the Board of Directors.

Section 8.03 Negotiable instrumentsAll checks, drafts, notes, or other obligations of the Association shall be signed by such of the officers of the Association or by such other persons as may be authorized by the Board of Directors.

Section 8.04 DepositsThe funds of the Association shall be deposited in its name in such bank or banks as the Board of Directors shall designate from time to time and shall be withdrawn by check signed by persons designated by resolution adopted by the Board of Directors.

Section 8.05 Seal The corporate seal shall have inscribed thereon the name of the As-sociation, the year of its incorporation, and the words “Tennessee” and “Seal.” The affixing of the corporate seal shall not be necessary to the validity of the execution of any instrument by the Association or by any officers on behalf of the Association and shall be used only when necessary or expedient in the judgment of the officers executing documents on behalf of the Association.

Section 8.06 CompensationNone of the members of the Board of Directors or officers of this Association, other than the President, Secretary, or Treasurer, shall receive any compensation whatever for their services, but any member of the Board of Directors or officer may be reimbursed for expenses incurred in connection with the activities of the Association, includ-ing attendance at meetings.

Section 8.07 EmployeesThe Board of Directors may authorize the employment of such agents,

representatives, or employees as may be necessary properly to carry out the objects and purposes for which the Association is formed and fix their compensation.

Section 8.08 Limitations of LiabilityNo person shall be liable to the Association for any loss or damage suffered by or on account of any action taken or omitted to be taken by him as a member of the Board of Directors or officer of the As-sociation in good faith if such person (a) exercised or used the same degree of care and skill as a prudent man would have exercised or used under the circumstances in the conduct of his own affairs, or (b) took or omitted to take such action in reliance upon advice of counsel for the Association or upon statements made or information furnished by officers or employees of the Association which he had reasonable grounds to believe.

Section 8.09 Grand Division The phrase “grand division of the State” means one of the three geographic divisions of the state as defined in Tennessee Code An-notated, Title 4, Chapter 1, Part 2.

Article ix - Amendments to BylawsSection 9.01 By Membership at Annual MeetingThese Bylaws may be amended at any annual meeting by a vote of two-thirds (2/3) of the delegates present or a majority of the voting power, whichever is less, notice of the proposed amendment having been first submitted to the secretary.

Section 9.02 By Membership Vote These bylaws may be amended at any time by a written ballot of the membership by a vote of two thirds (2/3) of the members voting or a majority of the voting power, whichever is less, notice of the proposed amendment having been first submitted to the secretary. ■

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Senior members of our Financial Institutions Team include Glendora Greenway, CPA; Steve Carmichael, CPA; Judy Rainey, CPA; Jack Matthis, CPA, CBA; & Kevin Howell, CPA.

Certi�ed Public Accountants


BANKER profiles

Jack AllenPresidentCitizens National BankAthens, TN

Tell us a little about your previous experience.I began my banking career at Hamilton National Bank, Chattanooga, in 1972. I soon relocated to the Nashville office of Hamilton Bank, worked with Unit-

ed American Bank and then First National Bank of Lebanon before joining Citizens National Bank of Athens in 1979.

Why did you choose banking as a career?Growing up in the ’50s and ’60s, there seemed to be a huge disconnect between “us regular folks” and the world of bank-ing and finance. I wanted to understand this financial world and help people take advantage of financial services available to improve their quality of life.


T his month we continue with our series of Banker Profiles. The purpose is to become better acquainted with your peers across the state. We ask the same questions of

every banker featured.

We are learning each banker is unique. We hope you enjoy this new feature.

R. B. summitt, iiPresidentSevier County Bank Sevierville, TN

Tell us a little about your previous experience.I worked in banking summers during high school and summers and breaks during college. After graduating from the University of Tennessee, I

worked in banking for a short while, then for the Tennessee Department of Banking (now the Department of Financial Institutions) from 1974-1978. In May of 1978, I joined Sevier County Bank as executive vice president.

Why did you choose banking as a career?I would say “community banking” versus just banking, and not just because of times now. Since I had time to get to know and examine both large and small banks, it was obvious to me I would prefer a smaller institution where one didn’t have to do just one thing; where you knew who you worked with; and where you could see the results of your efforts. Banking was not my first career choice, but we will save that for the last question.

Who influenced your career the most or served as a mentor and how?Both my parents, Ross and Mae Summitt, whom we’re still blessed to have around and contributing. They both have been looking after the well being of Sevier County Bank since 1949 and showing “us kids” how hard and smart work and dedication will pay off over time. Of course, my father was much more involved in teaching banking and lending, but mother has been a real “advisory director” longer than the term has been around. Although neither would take any credit, their combination of technical and people skills gave me a head start. Plus, by letting us make some mistakes, they showed a lot of wisdom.

What do you consider the most critical issue Tennessee banks face today?Tough question, but I would have to say leadership, and I don’t mean management. A leader to me is not average. A leader almost has to go against the crowd, to be a lone voice, embracing change and able to articulate a vision of how things could be. Banking was already very challenging even before these unprecedented, world-wide economic times hit.

Now, with the incredible financial distress and the federal government’s over-reaction, there are no seminars or books to go by. Anytime there’s such crisis, there are tremendous opportunities for those who can figure it out, and that almost always means not doing things like we used to. I see a lack of leadership around the world, in all levels.

What advice would you give to someone just entering bank-ing?I think making sure you match your skills with the bank and the actual position to which you aspire, realizing that one of the universal truths is that time is the most critical part of any banking equation—not just financially speaking, but your commitment of your time to earn the position and compen-sation you want. One must also realize that you will never “arrive,” that continuing to advance your knowledge and to sharpen your skills are not electives, but requirements.

Tell us something about you that would surprise your fellow bankers.As I referred to in question two, banking was not my chosen career. I graduated from UT cum laude with a BS degree, with a major in microbiology and a minor in psychology. I always planned to be a family doctor, or a primary–care physician, as they now say. ■

Dan DellingerChief Operations Officer and Chief Financial OfficerReliant Bank Brentwood, TN

Tell us a little about your previous experience.I have worked in banking 16 years and spent 11 years in public accounting.

Why did you choose banking as a career?I became a specialist in financial institutions while in public accounting. I enjoyed being an advisor and was offered an opportunity to work for one of my clients. Since that time, I have started two banks.

Who influenced your career the most or served as a mentor and how?In banking, Jim Harris, former CEO of Premier Bank of Brent-wood. Jim was very analytical for a CEO and challenged me at every turn. He was certainly a mentor.

What do you consider the most critical issue Tennessee banks face today?There are too many to elaborate on given the current economic and regulatory environment.

What advice would you give to someone just entering bank-ing?Be prepared for a rough ride.

Tell us something about you that would surprise your fellow bankers.I have earned one black belt in karate and am working on a second in mixed martial arts. ■


BANKER profilesJack Allen continued

stacy AdamsHR Director/Business DevelopmentHeritage Bank & TrustColumbia, TN

Tell us a little about your previous experience.Previously I worked in HR in the United States Air Force, as a real estate broker, and as a consultant

Why did you choose banking as a career?I was influenced by my current bank president, because we had done a transaction together for my brother when I was a real estate agent in Denver.

Who influenced your career the most or served as a mentor and how?I would have to say Pat Summitt. I have read her books, and I use her leadership and discipline techniques on a regular basis. She has pioneered numerous women’s programs and achieved

Who influenced your career the most or served as a mentor and how?I was fortunate to work closely with the late Hugh Willson, who served as the CEO of Citizens National Bank for almost 50 years. His unique approach to business and customers taught me the secrets to success that are never taught in busi-ness schools.

What do you consider the most critical issue Tennessee banks face today?I think there will be huge losses in the institutional memory of banks as the “baby boomers” retire in the near future. If we don’t plan properly for these retirements, I fear it will have a negative effect on our customers and local economies.

What advice would you give to someone just entering bank-ing?There has never been a better time to begin a banking career. Be prepared for advancement opportunities that will come quickly in the next 10 years.

Tell us something about you that would surprise your fellow bankers.I enjoy dancing, including Contra dance, the East Coast Swing, and Clogging. ■

goals that were not previously reached. Her professionalism and commitment to education are above reproach.

What do you consider the most critical issue Tennessee banks face today?Assuring individuals that their money is safe and that com-munity banks are here to serve.

What advice would you give to someone just entering bank-ing?Know your market niche and focus on true customer ser-vice.

Tell us something about you that would surprise your fellow bankers.I sang the National Anthem a capella at Mile High Stadium in Denver, Colorado. ■

C ontinuing a 40-year tradition, members of the Tennessee Bankers Association, showed their support of Tennessee’s 4-H program at its annual Congress on Capitol Hill on March 30.

More than 200 students from across the state attended the event. TBA member Pete Williston, president and CEO of Citizens Bank

and Trust in Lafayette, presented a check for $4,350 to the Tennessee 4-H Foundation, bringing the total contributed by the association over the years to more than $150,000. He made the presentation during the Representatives Luncheon.

TBA Chairman Sammy Stuard, president and CEO of F&M Bank in Clarksville, encouraged all member banks to participate and sup-port the program. Williston and Citizens Bank and Trust have long been active participants in the Tennessee 4-H program.

“The 4-H program develops the future leaders of Tennessee, and we’re very proud to be a supporter,” said Williston.

About Tennessee 4-H FoundationThe Tennessee 4-H Club Foundation, Inc, has been an important

component of 4-H since 1953. It is a substantial financial resource for 4-H programming. The foundation acts as a vehicle through which donations are received, managed, and distributed. The major-ity of the foundation’s assets have been accrued through the private donations of individuals and businesses. For more information, please visit the website of the Tennessee 4-H Club Foundation, Inc, at www.4hfoundation.tennessee.edu/. ■

Bankers Support Tennessee 4-H Foundation

TBA representative Pete Williston, president and CEo of Citizens Bank and Trust, Lafayette, presents a check to Tennessee 4-h speaker of the house Corey Napolitano of Williamson County and 4-h Foundation Extension spe-cialist Mark Gateley.

2009 4-h ContributionsPeople’s Bank and Trust Company, Byrdstown ........... 100

Citizens Bank, Carthage................................................. 50

F&M Bank, Clarksville .................................................. 100

Legends Bank, Clarksville ............................................ 100

Decatur County Bank, Decaturville .............................. 100

First Federal Bank, Dickson ........................................... 50

Citizens Tri-County Bank, Dunlap .................................. 50

Carter County Bank, Elizabethton .................................. 50

Bank of Lincoln County, Fayetteville ............................ 100

GreenBank, Greeneville ............................................... 100

Greenfield Banking Company, Greenfield .................... 100

Citizens Bank, Hartsville................................................. 50

BankEast, Knoxville ....................................................... 50

Regions Bank, Knoxville ............................................ 2000

Citizens Bank of Lafayette, Lafayette ........................... 250

Macon Bank and Trust Company, Lafayette .................. 50

Peoples Bank of the South, LaFollette ........................... 50

First Commerce Bank, Lewisburg .................................. 50

Peoples Bank and Trust Company, Manchester ............ 50

First Tennessee Bank National Association, Memphis ................................................................. 100

Home Federal Bank, Middlesboro, KY ........................... 50

National Bank of Tennessee, Newport ......................... 100

Community South, Parsons............................................ 50

The First National Bank of Pikeville, Pikeville ................ 50

Citizens Bank and Trust Company of Grainger County, Rutledge.................................. 100

Central Bank, Savannah ................................................ 50

SmartBank, Sevierville ................................................... 50

First Community Bank of Bedford County, Shelbyville ............................................................... 100

Citizens Bank, Spencer ................................................ 100

Farmers and Merchants Bank, Trezevant .................... 100

Reelfoot Bank, Union City .............................................. 50

Citizens Community Bank, Winchester ........................ 100

Total$4,450


A s I take over the reins as ICBA chairman, I’m prouder than ever to call myself a community

banker. These extraordinarily challeng-ing times have made me realize all over again that we community bankers serve a crucial role within our communities that nobody—I mean nobody—could ever replace. As we, and our industry, experi-ence uncertainty and change, never forget that you and our nation’s more than 8,000 community banks are part of a financial fabric that works, and because of that, we stand united and ready to help lift our communities from the ashes of this four-alarm economic bonfire.

Our positive community bank message is being heard by stakeholders across the country—our customers, the media, the Obama administration, and our representatives on Capitol Hill. Word is getting around that not all banks are created equal. We have an opportunity this year, not only to be part of the solution to our nation’s financial problems by continuing to serve our customers within

Rise to the Challenge

FRoM ThE ToP

our communities, but also to influence dramatically the future landscape of the entire financial services industry.

For months, ICBA has led the call for the “too-big-to fail” institutions to be broken up. After all, a bank should never be so large and interconnected that it has the potential to destabilize our country’s entire economic system. And yet, for nearly a generation, our nation’s com-mercial financial institutions have evolved into two fundamentally different business models within the same financial services sector—Wall Street banks and Main Street banks. That’s a system that doesn’t make much sense, and time has proven that enough is enough.

The privileges of too-big-to-fail Wall Street banks must come to an end. Our industry and our government cannot let this continue. ICBA continues to work overtime to ensure that our policymak-ers recognize that Wall Street is crippling Main Street America and its citizens, and that the too-big-to-fail, too-big-to-manage and too-big-to-regulate institutions must

be broken up for the good of our nation and its citizens. If our public policies con-tinue to allow these larger-than-life institu-tions to grow, even more taxpayer money will be required in the future. And every day that scenario seems more likely.

So I encourage you, the George Bailey’s of the nation, to rise to the occasion—as you always do. Continue to make a difference in your community by serving your customers. But don’t stop there. Be an active participant with ICBA in the legislative and regulatory process. Write your senators and congressman to let them know that you are proud to be a community banker and that you and your customers should not be punished for the sins of Wall Street’s too-big-to-fail institutions.

We community bankers must unite on every front this year to protect the very fabric of our industry—an industry that we are all proud to call our livelihood. We’re an industry that’s known for taking the high road and sticking to our core values. Let’s take that one step further and continue to make a real difference, both within our financial system and within the lives of our customers in cities and towns throughout America. ■


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By R. Michael s. Menzies, srICBA Chairman and President/CEO of Easton Bank and Trust Company, Easton, MD

Tennessee Banks Accepting the Million Child Challenge*Adamsville, The Hardin County BankAlamo, Foundation BankAthens, Athens Federal Community BankAtoka, First State BankBartlett, Regions BankBolivar, First South BankBrentwood, Regions BankBrentwood, Reliant BankBrownsville, First State BankBuchanan, Foundation BankCarthage, Citizens BankClarksville, F&M BankClarksville, First Federal Savings BankClarksville, Cumberland Bank & TrustClifton, Peoples BankClinton, The Community Bank of East TennesseeCollierville, BancorpSouthCollierville, First State BankCollierville, Regions BankColumbia, Community SouthColumbia, Heritage Bank & TrustCookeville, First National Bank of TennesseeCookeville, Progressive Savings BankCovington, BancorpSouthCross Plains, The Farmers BankCrossville, First National Bank of TennesseeCrossville, FirstBankCrossville, Progressive Savings BankDecherd, US Bank, NADickson, TriStar BankDresden, BancorpSouthDresden, First State BankDyersburg, First Citizens National BankDyersburg, First State BankFairview, FirstBankFayetteville, Bank of Lincoln CountyFayetteville, FirstBankFranklin, BB&TFranklin, BancorpSouthGallatin, First State BankGoodlettsville, First State BankGreenback, People’s Bank of East TennesseeGreenfield, First State BankHendersonville, First State BankHohenwald, Community SouthHumboldt, BancorpSouthHumboldt, First State BankJackson, First State BankJackson, FirstBankJamestown, Progressive Savings BankKenton, First State BankKingston, US Bank, NAKnoxville, BankEastKnoxville, First State Bank

I n April, the American Bankers As-sociation Education Foundation launched www.teachchildrentosave.

com making the Teach Children to Save pro-

gram—historically de l ivered only through classroom lesson—available to everyone.

“Saving has replaced spending

as the new trend,” explained Laura Fisher,

director of the ABAEF. “We are seizing on this ‘national teachable moment’ to educate as many as possible in hopes of building a generation of savers.”

The new website brings components of the Teach Children to Save program into the homes of families across the country. The site offers tips for young people and their parents on how to set a budget, start a savings account, and make deposits regularly. Of prime importance is the Savers’ Pledge which youth can take as they vow to become lifelong savers. The pledge can be print-ed and signed as a physical reminder of their promise to save.

Also new this year, the foundation called on bankers to use the Teach Children to Save program to encourage 1 million students to adopt a lifestyle of saving. Bankers taught lessons fo-cusing on saving basics, prioritizing needs versus wants, how interest makes money grow, and how to create a bud-get, among other topics. More than 900 banks accepted this Million Child Challenge. See the list of Tennessee banks participating that accompanies this article.

“The new website will help educate those students who do not receive an in-person banker lesson,” Fisher con-cluded. “It’s one more way to help students get money smarts to go along with the book smarts.” ■

New Website Opens Teach Children to Save Campaign to Everyone

MILLIONCHILDCHALLENGE

Knoxville, SunTrust Bank, East Tennessee RegionLebanon, Wilson Bank & TrustLexington, FirstBankLexington, First State BankLinden, FirstBankLivingston, First National Bank of TennesseeManchester, Peoples Bank & Trust CoMartin, First State BankMaryville, Citizens Bank of Blount CountyMcKenzie, McKenzie Banking CompanyMcMinnville, First National Bank of McMinnvilleMemphis, BancorpSouthMemphis, First Tennessee Bank National AssociationMemphis, SunTrust BankMemphis, Tri-State Bank of MemphisMilan, BancorpSouthMillington, BancorpSouthMoscow, The Bank of Fayette CountyMountain City, Farmers State BankMurfreesboro, FirstBankNashville, First State BankNashville, FirstBankNashville, Regions BankNashville, SunTrust BankNashville, Tennessee Jump$tart Coalition for Personal Financial LiteracyOneida, First National Bank of OneidaParsons, FirstBankPigeon Forge, Tennessee State BankPowell, First Century BankPulaski, First Farmers & Merchants BankPulaski, First National Bank of PulaskiRidgely, BancorpSouthRogersville, The Citizens Bank of East TennesseeSavannah, Community SouthSavannah, The Hardin County BankSelmer, BancorpSouthSharon, First State BankShelbyville, FirstBankSmithville, FirstBankSmyrna, FirstBankSouth Fulton, First State BankSparta, First National Bank of TennesseeSpringfield, Regions BankTroy, First State BankUnion City, First State BankWaverly, FirstBankWaynesboro, Wayne County BankWhite House, First State BankWoodbury, FirstBank

*asof4/9/09


WAshiNGToN UPDATE

Truth in NumbersEdward L. yingling, President and CEO, American Bankers Association, Washington, DC

T he Greek philosopher and math-ematician Pythagoras was said to believe that truth was grounded in

numbers. So much so that legend has it that one of his students, Hippasos, was killed after revealing his discovery of ir-rational numbers—calculations such as pi or the square root of two that extend infinitely to the right of the decimal place with no discernible pattern.

This brings me to accounting, which seeks to express financial truths in num-bers and where things have long been irrational at the worst possible times.

For years, we have led the banking industry in making the case that the rules for mark-to-market for accounting are dangerously pro-cyclical, eating away at banks’ capital during tumultuous economic circumstances. The good news is that policymakers and lawmakers in-creasingly are recognizing that our points on mark-to-market and other-than-tem-porary impairment are valid ones.

Many of you have written comment letters on this issue to further our case and to illustrate how the rules affect your bank, your customers, and your commu-nities. Our many words have reached a receptive audience.

Over the past few months, we have made significant progress in bringing some sensibility back to bank accounting.

More and more people have picked up on the issue. I talked about it extensively in several television interviews. Former Fed Chairman Paul Volcker authored an important study that called for changes. Federal Reserve Chairman Ben Bernanke called for a review of accounting stan-dards. “Further review of accounting standards governing valuation and loss provisioning would be useful and might result in modifications to the accounting rules that reduce their pro-cyclical ef-fects without compromising the goals of disclosure and transparency,” Bernanke said in a speech to the Council on Foreign Relations.

One major step forward came during a House Capital Markets Subcommit-tee hearing when Financial Accounting Standards Board Chairman Robert Herz

and Securities and Exchange Commission Acting Chief Accountant James Kroeker agreed to expedite new guidance on mark-to-market accounting. This was expected originally in June.

Mark-to-market and OTTI are not only important to individual banks, but the uncertainty the current rules created weighed heavily on all bank stocks. When it became clear that something was going to be done, the stock market responded favorably.

We are continuing to urge policymak-ers to move quickly in implementing the necessary changes in order to avoid any more needless destruction of capital. The current application of mark-to-market has not just measured the fire, but it has poured gasoline on the fire. The prob-lems with mark-to-market accounting have needlessly exacerbated the current economic crisis and resulted in the loss of billions of dollars in capital.

In testifying before the House Finan-cial Services Committee on March 25, Stephen Wilson, chairman and CEO of LCNB National Bank of Lebanon, Ohio, and chairman of ABA’s Govern-ment Relations Council, said the current mark-to-market accounting rules send a mixed message in that they have led to

misleading capital positions and public financial reporting. This in turn prevents existing capital from supporting addi-tional lending.

“Recent changes to the definition of fair value, in combination with current market illiquidity, have resulted in over-stating economic losses,” said Wilson. “Immediate repairs are needed with respect to the definition of fair value and the definition of other than temporary impairment.” We think that continues to be the rational approach.

Over the longer term, we are seeking changes in the way accounting policy is made. We believe it no longer can be made by accountants isolated from the real-world impact. Following the recom-mendations of the Volcker study, we are seeking to have a role for bank regulators in overseeing FASB, joining with the SEC, which now has sole oversight author-ity. We will push to add such a change to the legislation to create a systemic regulator that is now moving through Congress. ■

Reach Ed Yingling by E-mail at [email protected]

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For more information on how you can use FraudNet to help reduce check fraud, contact Tim Amos, Tennessee Bankers Association, 615/244-4871 or 800/964-5525, or visit our website www.TNBankers.org.

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T he Tennessee Bankers Association conducted the 2009 session of The Southeastern School of Ad-

vanced Commercial LendingSM,, Febru-ary 16–18 at the Loews Vanderbilt Hotel in Nashville. This marked the 15th year for the school, held in cooperation with the bankers associations of Alabama, Georgia, Louisiana, and Mississippi.

The 2009 TSSACL graduating class included 28 banker/students from Tennessee and one each from Florida, Kentucky, and Louisiana.

Established in 1994, the TSSACL is an intensive school focusing on ad-vanced cash flow analysis, advanced loan structure, pricing for profitability, commercial real estate lending, and new approaches to managing problem loans and portfolio credit risk.

The school’s curriculum is applicable to both community and holding compa-ny bankers. The instruction emphasizes timely issues and information of critical importance for today’s commercial lend-ers. Performance is based solely on class participation and attendance, with no examinations.

Due to the intensity of the school, admission is restricted to those with a minimum of three years of commercial lending experience or graduates of The Southeastern School of Commercial

LendingSM or other comparable lending schools. Students typically are com-mercial lenders, relationship managers, portfolio managers, senior credit manag-ers, and others responsible for profitably growing the bank’s loan portfolio and better managing portfolio credit risk.

The Southeastern School of Advanced Commercial Lending features a cur-riculum designed by a highly respected

The Southeastern School of Advanced Commercial LendingSM

group of bankers and professional educators and presented by experienced industry practitioners.

Curriculum & InstructorsThe school’s instructors employ

lectures, classroom exercises, and case studies to deliver the course material in an effective manner that can be put to

continued on the next page

Board of TrusteesChairman: Greg Wingo, Executive Vice President/Senior Lender, First Capital Bank, Germantown, TNVice Chairman: Bruce Reed, Executive Vice President/Chief Credit Officer, Commercial Bank & Trust Co, Paris, TNPast Chairman: Donna Stone, President/CEO, First Com-munity Bank of Bedford County, Shelbyville, TNTrustees:James R. Rushing, Senior Vice President, First Tennessee Bank National Association, Knoxville, TN

Thomas Bates, Jr, Executive Vice President, Legends Bank, Clarksville, TNElizabeth C. Brasher, Manager, Continuing Credit Education, Lender Support and Development, First Horizon National Corporation, Memphis, TNDavid D. Gross, Senior Vice President/Commercial Loan Officer, First Alliance Bank, Cordova, TNHank Stuart, Executive Vice President, Cedarstone Bank, Lebanon, TNW. O. Jones, Senior Vice President/Director of Human Resources, Bancorp-South, Tupelo, MS

Greg Wingo


instructor John Barrickman

use immediately upon returning to the institution. John R. Barrickman and Michael Hendren share teaching duties for the TSSACL.

Barrickman is president of New Ho-

rizons Financial Group, Atlanta, GA. His classes include Cash Flow Analysis and Loan Structure; Nine Steps to Bet-ter Loan Pricing; New Approaches to Problem Loan Management; and New Developments in Credit Risk Manage-ment.

Michael Hendren is senior vice presi-dent of Pinnacle Financial Partners, with responsibility for commercial real estate lending and portfolio management in the middle Tennessee region. He teaches Commercial Real Estate Lending.

Make Plans to Attend the 2010 session

The 2010 session of The Southeast-ern School of Advanced Commercial LendingSM will be held February 22–24. Brochures containing complete informa-tion and application materials should be available in December of this year.

If you would like additional informa-tion about TSSACL, visit our website, www.TNBankers.org, or contact Susan Taylor, CMP, in the TBA education de-partment by calling 615-244-4871 or 800-964-5525 or via E-mail to [email protected].

A list of the 2009 graduates follows. ■

The southeastern school of Advanced Commercial LendingsM continued

The southeastern school of Advanced Commercial Lending2009 GraduatesJoseph Fackler ....................... South Central Bank ............................................ Bowling Green, KYAaron Brooks .......................... First Tennessee Bank National Association ..................... Bristol, TNClay Hopcroft .......................... First Tennessee Bank National Association .......... Chattanooga, TNTammy Waddle ....................... First Tennessee Bank National Association ...............Collierville, TNGreg Grisson .......................... Merchants & Southern Bank ..................................... Gainesville, FLTommy Decker ........................ Volunteer State Bank ......................................... Hendersonville, TNPaul Warren ............................ Volunteer State Bank ......................................... Hendersonville, TNPatricia Doman ....................... First Tennessee Bank National Association ...........Johnson City, TNMichael Reed .......................... First Tennessee Bank National Association .................Knoxville, TNGeorge Cline .......................... Jeff Davis Bank & Trust Company ........................ Lake Charles, LACarter Gibson ......................... First Alliance Bank ...................................................... Memphis, TNRichard Harris ......................... First Tennessee Bank National Association ................ Memphis, TNMichael Montgomery .............. First Tennessee Bank National Association ................ Memphis, TNCipriano Onia .......................... First Tennessee Bank National Association ................ Memphis, TNAzra Daniel ............................. First Tennessee Bank National Association ................ Memphis, TNSamuel King ........................... First Tennessee Bank National Association ................ Memphis, TNFrank Pitt ................................ First Tennessee Bank National Association ................ Memphis, TNDevin Buford ........................... First Tennessee Bank National Association ................ Memphis, TNRobert Naber .......................... First Tennessee Bank National Association ................ Memphis, TNDaniel Warlick ......................... First Tennessee Bank National Association ................ Memphis, TNJay Kemper ............................ First Tennessee Bank National Association ................ Memphis, TNJames Cook ............................ Independent Bank ....................................................... Memphis, TNRichard Crawford .................... First Alliance Bank ...................................................... Memphis, TNJohn Sloan .............................. CedarStone Bank ...................................................Mount Juliet, TNKaren Sherman ...................... First Tennessee Bank National Association ..........Murfreesboro, TNMartin Akin .............................. First Tennessee Bank National Association ................ Nashville, TNJoann Schumann .................... Tennessee Department of Financial Institutions ......... Nashville, TNAlba Cummings ...................... Reliant Bank ............................................................... Nashville, TNDustin Brann ........................... Commerce Union Bank ............................................. Springfield, TNNancy Panter .......................... Traders National Bank .............................................. Tullahoma, TNHoward Kirksey ...................... The Bank of Tullahoma ............................................. Tullahoma, TN

2009 TssACL student ProfileGeneral Profile DataTennessee ........................................... 28Florida .................................................... 1Kentucky ................................................ 1 Louisiana ............................................... 1

Female ................................................... 7Male ..................................................... 24

Education (Highest Level Achieved)High School ........................................... 0Some College ........................................ 0Associate Degree .................................. 0Bachelor Degree .................................. 24Graduate Degree ................................... 7

Year’s of Bank ExperienceLess than 1 year .................................... 01 – 5 years ........................................... 246 – 10 years ........................................... 611 – 20 years ......................................... 120+ years ............................................... 0

Lending ExperienceLess than 1 year .................................... 21 – 5 years ........................................... 266 – 10 years ........................................... 311 – 20 years ......................................... 020+ years ............................................... 0

Size of Bank (Assets)Under 50 million ..................................... 151 – 100 million ..................................... 1101 – 500 million ................................... 9501 million – 1 billion ............................. 3Over 1 billion ........................................ 17

Size of Bank’s Loan PortfolioUnder 1 million ....................................... 01 – 5 million ........................................... 06 – 10 million ......................................... 011 – 50 million ........................................ 051 – 100 million ..................................... 2Over 100 million ................................... 29


2009 Young Bankers Division Leadership Luncheons

O ver 125 TBA members turned out for six Young Bankers Division Leadership Luncheons held around the state in February and March. The luncheons provided bankers

the opportunity to network with their peers. In addition, TBA staff spoke about ways to get involved in the Young Bankers Division and other avenues for professional growth. There was also an update on the TBA’s efforts on Capitol Hill in Nashville and Washington and a report on financial literacy education through the Personal Economics Program.

If you are interested in the programs offered by the Young Bank-ers Division of the TBA, please contact Colin Barrett at [email protected]. ■


T he payment world has changed drastically. Transaction ac-counts that once were accessible

only by checks now are reached by sub-stitute checks, remotely created checks, and a variety of ACH transactions that originate from checks. Dealing with consumer problems related to these payments requires diverse knowledge of consumer protection laws and pay-ment systems.

In June, TBA will conduct the Avoiding EFT and Check Losses semi-nar in four locations across the state. Sessions are scheduled for June 1 in Jackson, June 2 in Nashville, June 3 in Kingsport, and June 4 in Knoxville. The instructor is Ken Golliher, a princi-pal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky.

The program focuses on the steps

2009 Avoiding EFT and Check Losses

necessary to resolve consumer com-plaints and comply with federal con-sumer protection laws. The content will concentrate on the “pulse points” of several laws and regulations and ex-tract the information that your contact personnel need to know.

Avoiding EFT and Check Losses was developed for personnel who are responsible for resolving payment problems and obtaining the appropri-ate documentation from customers or third parties. It should also prove

helpful to compli-ance officers who may have to review actions taken in re-sponse to customer complaints.

Participants will receive valuable in-formation in the program manual that they can use for future reference.

The program is approved for 6.5 hours of CPE credit in the area of spe-cialized knowledge and application, and it has been submit-ted to the Institute of Certified Bankers for seven hours of credit, area to be determined.

Participation in TBA programs is limited to members, associate members, and nonmembers from an eligible membership cat-egory.

Program Topics include• The “midnight deadline”

• Forged drawer’s signature

• Forged endorsement

• Missing endorsement

• Nonconforming endorsement

• Altered check

• Drawer deceased or incompetent

• Encoding errors

• stale or post-dated items

• items presented against insufficient funds

• Liability for wrongful dishonor

• Notice of large–dollar returns

• Cashier’s checks

• substitute checks

• RCK checks

• PoP checks

• ARC checks

NEW PRoGRAM

JUNE 1 • Jackson, Premier Place - NEW LoCATioNJUNE 2 • Nashville, Barrett Training Center JUNE 3 • Kingsport, Bank of Tennessee – Operations CenterJUNE 4 • Knoxville, UT Conference CenterEarly registration deadline is May 16, 2009

The InstructorKen Golliher is an experienced

banker with a unique ability to re-duce complex legal concepts to plain English. He has explained the “why” and “how” of regulations to thousands of financial institution personnel and examiners.

Golliher’s banking career includes serving as a teller, commercial opera-tions manager, and as a trust depart-ment legal counsel in a state and a national bank. For 10 years, he headed the education division of a regional consulting firm for financial institutions.

Golliher has served on the faculty of the Graduate School of Banking at LSU, the OTS’ Level I Compliance School, and the FDIC’s Advanced Con-sumer Protection School for examiners in addition to serving as an instructor at compliance schools sponsored by 10 state bankers associations.

Registration InformationRegistrations received in the TBA

office by the end of business on May 18 qualify for registration fees of $195 for TBA members and associate mem-bers and $390 for nonmembers. After May 18, fees are $220 for members and $415 for nonmembers.

Visit the “Calendar” page of the TBA website, www.TNBankers.org, to register online or to download a brochure containing complete pro-gram information and registration form. If you have questions about the Avoiding EFT and Check Losses program, contact Debbie Brickles via E-mail to [email protected] or call her at 800-964-5525- or 615-244-4871. ■


Tennessee banks may list positions free-of-charge as a benefit of their membership in the Tennessee Bankers Association. Those interested in placing an ad or replying to position openings (refer to position number) should direct their inquiries to: Penny Powlas - [email protected], Tennessee Bankers Association, 211 Athens Way, Ste 100, Nashville, TN 37228-1381 • 1-800-964-5525 or 615-244-4871EMPLoyMENT

0904-1 CommerCial/retailBanker27+ years in banking with the most recent 7 years at vice president level in commercial lending; credit analysis; relationship management; collection/work outs; and 20 years in retail bank administration, city president level. Seeking position in either commercial or retail banking in the Chattanooga or NW Georgia area. Resume and professional references available. Contact Ralph Smith at [email protected] or call 423-227-0200.

0903-6 SeniormanagementSeeking opportunity to obtain senior management posi-tion within a dynamic organization. Detail-oriented, self-motivated professional with extensive experience in the banking industry. Works well independently and as a strong team manager. Areas of expertise include: leadership, sales management, result-oriented, client focus, visionary, and oral/written communications. Please send responses to Jim Vaughn at [email protected].

0904-5 mortgageDepartmentmanagerBank in East Tennessee is looking for a mortgage de-partment manager. Responsibilities will be to direct, coordinate, manage, and lead all bank activities related to the secondary mortgage market; oversee all origina-tors and processors in multiple markets; develop strong relationships with all mortgage investors; educate within the bank to ensure that employees understand the products offered by the mortgage department to ensure referrals from within; monitor and achieve compliance with applicable laws and regulations as well as the bank’s written policies and procedures. Require-ments: must be a proven sales generator with strong leadership skills and an in-depth knowledge of the secondary mortgage market; at least 3 years’ mortgage, lending, and/or credit experience. Prefer: degree, exten-sive banking retail experience, management experience, processing and/or secondary mortgage experience. Send resume and salary history to: [email protected] with #0904-5 in subject line or mail to: #0904-5, c/o Tennessee Bankers Association, 211 Athens Way, Suite 100, Nashville, TN 37228-1381.

0904-4 SeniorCreDitoffiCerBank in East TN seeking a strong senior credit of-ficer. Duties include, but aren’t limited to: manage the bank’s credit risk and soundness of loan portfolio; review of loans to ensure acceptable credit standards and compliance with all applicable laws and regula-tions; periodically evaluate the loan portfolio as a whole for compliance with the bank’s policies on asset / liability management, concentrations by credit type, and overall creditworthiness; presentation of loan and report information to committees and the board of directors; manage and lead a loan department; work directly with executive management. Qualification requirements: good organizational and prioritization skills with strong attention to detail; excellent com-munication and presentation skills; 5-7 years of au-dit, loan review, and/or compliance experience; strong regulatory knowledge; community bank experience. Preferred qualifications: prefer experience with CRE, loan review, credit review, or regulator. Prefer mini-mum 5 years’ experience and a bachelor’s degree. Pre-fer 3 years in commercial or real estate lending plus one year of consumer lending and one year of credit analysis. Send detailed resume with salary history via E-mail to [email protected] with “Position #0904-4” in subject line or mail to: #0904-4, c/o Penny Powlas, Tennessee Bankers Association, 211 Athens Way, Suite 100, Nashville, TN 37228-1381.

0904-3 CreDitmanagerFirst TN is currently recruiting for a credit manager in

our Business Lending Center (BLC) in Memphis. Position is charged with the execution of the BLC Portfolio Servicing Strategy, to include portfolio management strategies, watch or worse strategy management and reporting, and liaison with consumer collections and loan rehab & recovery. Portfolio risk management to include the following: iden-tification of problem credits warranting transfer to watch or worse status, coordinating with BLC underwriters, relation-ship managers, collections personnel, and rehab to facilitate the most effective strategy for loss mitigation. Manages WOW reporting for loans assigned to the BLC. May have direct customer contact to assist relationship managers in assessing the current situation, developing and implementing repayment plans for loans graded watch (PD12) and OAEM (PD13). Coordinates transfer to rehab for loans identified as substandard (PD14). Supervises subordinate staff includ-ing: hiring recommendations; determining workload and delegating assignments; training, monitoring, and evaluating performance; and initiating corrective and disciplinary ac-tions to include terminations. Executes the BLC portfolio servicing strategy, to include analysis and interpretation of data and taking appropriate action to mitigate loss on distressed credits. Coordinates with relationship managers, line managers, local commercial credit risk managers, and other stakeholders to produce the optimum result. Position requires a bachelor’s degree (master’s degree preferred), and 4 to 6 years of directly related experience (6 to 8 years preferred). Ideal candidate will have solid experience in commercial credit, be process oriented, understanding of credit principles and lending. Experience as a commercial lender is a plus. Qualified candidates should apply online at www.fhncareers.com, or E-mail their resume to [email protected].

0904-2 CreDitanalyStFirst TN is currently recruiting for a credit analyst in our Business Lending Center in the Memphis market. Position is responsible for either determining credit worthiness and appropriate lines of credit or for leading a team of junior credit analysts in evaluating and approving/rejecting loan applications based on established criteria. Handles large and/or complex accounts. Chairs weekly credit meetings, credit analysis and structuring, loan structuring, projec-tions and sensitivity analysis, credit approval documenta-tion. Reviews commitment letters, loan documentation, past–dues (particularly maturing and renewing credits). Reviews covenant compliance, loan downgrades. Watch list management according to bank guidelines, keeping management fully informed of any material consideration affecting the loan portfolio, board presentations; ensures that credits adhere to credit policy guidelines. Mentoring and leadership of RMs, analyst, and client specialists as it relates to lending, underwriting, and negotiation, etc. Posi-tion requires a bachelor’s degree (master’s preferred) with a minimum of 6 to 8 years of directly related experience (8 to 10 preferred). Ideal candidate will have experience in upper–end small business lending or investment real estate. Should have demonstrated experience in making loans in the $1 million range. Qualified candidates should apply online at www.fhncareers.com, or E-mail their resume to [email protected].

0903-4 ChiefexeCutiveoffiCerSuccessful community bank in upper East Tennessee seeks a qualified individual to fulfill responsibilities of its chief executive officer. Such qualified individual will be responsible for all day-to-day operations of the bank. The successful candidate should have a bachelor’s degree with additional education and professional credentials as well as 10+ years of banking experience—particularly in admin-istration, policy development, lending, and management. Candidate must be able to develop strategic plans for the organization, prepare budgets, determine future needs and services, and develop strong and effective communication skills within and outside the organization. Competitive sal-ary and benefits package available. Please submit resume and salary history to: #0903-4, [email protected] or to: #0903-4, c/o Tennessee Bankers Association, 211 Athens Way, Suite 100, Nashville, TN 37228-1381.

0902-2 CorporateSeCurityoffiCer,unionCity,tnFirst State began more than 100 years ago as a small bank in West Tennessee. Today, this bank has grown into a thriving organization with more than $1 billion in assets.

At First State, we consider our employees to be one of our most valuable resources. Our goal is to exceed expectations with both our customers and employees. First State Bank is currently accepting resumes for a corporate security officer. Primary responsibilities in-clude: develop, implement, and administer all segments of the company’s security program, including physical, personnel, procedural, and electronic security. May also assist the technology security officer to develop, imple-ment, and administer the company’s technology security program. Establish and maintain liaison with local, state and federal law enforcement agencies; coordinate inves-tigative efforts with same. Requires a bachelor’s degree or equivalent work–related experience; minimum of 10 years’ experience with retail, banking, or credit union loss prevention; 10 years’ experience with criminal and civil law procedures, investigative methodology and report writing, case management, and testifying and managing investigations is also essential. Must have excellent written and oral communication skills; be proficient with a personal computer and Microsoft Office products; have knowledge of the bank’s computer programs and operating systems; basic knowledge of accounting, auditing, compliance processes, and their integration with the security function. Must have valid driver’s license. First State offers an exceptional benefits plan and a highly competitive compensation package. Equal opportunity and affirmative action employer, M/F/D/V. Please send resume with cover letter to [email protected] or by mail to Attn: Human Resources Department, First State Bank, PO Box 527, Union City, TN 38281.

0902-1 privateClientFirst TN is currently recruiting for private bankers in our Nashville and Memphis markets. The primary focus of the private banker is to build long-term and profitable customer relationships in order to maximize portfolio revenue growth and asset quality. Private bankers deliver trusted financial advice and high levels of customer value by matching products and services to customer’s needs and goals. Duties of the private banker include: proactively sourcing and soliciting new customers; managing and coordinating all aspects of the customer’s financial relationship with FHN, including but not limited to financial planning, credit, deposits, small business products, investment and insurance products, and trust services; partnering with the customer and FHN specialist to identify the customer’s specific financial goals, dreams, and needs; delivering personalized financial plans and product/service recommendations and working with the customer to implement financial plans either directly or by leveraging the appropriate FH specialists or alternate delivery channels; proactively monitoring ongoing customer needs and market trends for port-folio optimization. The private banker is responsible for the performance and asset quality of an assigned portfolio of target customer households. Minimum 5 years’ experience as a private banker is required, as well as lending experience and formal credit training. Ideal candidate will also have license to sell investment products and Life License. Qualified candidates should apply online at www.fhncareers.com, or E-mail your resume to [email protected].

0901-10 BSaanalyStFirstBank has an exciting opportunity to join our Jack-son, TN, team as a BSA analyst. Voted recently as one of the “Best Employers in Tennessee” and showcased in the May 2008 edition of Business Tennessee Magazine, the bank was established in 1906 in Scotts Hill, TN, and has grown to just under $2 billion in assets. The company has had only one change in ownership over the past 100 years as Jim Ayers acquired the bank in 1984. FirstBank is headquartered in Lexington, TN, and serves the state of Tennessee with 43 branches. We are the largest independently owned bank in Tennessee and offer a complete line of financial services from con-sumer and business banking to commercial real estate finance. The Bank Secrecy Act/Anti-Money Laundering analyst primarily assists the BSA officer in identifying and mitigating money laundering risk by conducting anti-money laundering (AML) investigations corporate-

POSITIONS AVAILABLE

POSITION WANTED


Tennessee banks may list positions free-of-charge as a benefit of their membership in the Tennessee Bankers Association. Those interested in placing an ad or replying to position openings (refer to position number) should direct their inquiries to: Penny Powlas - [email protected], Tennessee Bankers Association, 211 Athens Way, Ste 100, Nashville, TN 37228-1381 • 1-800-964-5525 or 615-244-4871EMPLoyMENT

wide. The incumbent will assist the BSA officer and other members of management regarding the applica-tion of the Bank Secrecy Act, Treasury Department’s regulations, and the USA PATRIOT Act, along with other legal requirements. FirstBank offers a competitive benefit package that includes health and life insurance, 401K, vacation, short–term and long–term disability. To apply and view a more detailed job description, please visit our website at http://www.firstbankonline.com/ and then click on the Careers Page or E-mail your resume to [email protected].

0901-8 proDuCtmanagerFirstBank has an exciting opportunity to join our Nashville, TN, team as a product manager in the treasury management area. Voted recently as one of the “Best Employers in Tennessee” and showcased in the May 2008 edition of Business Tennessee Magazine, the bank was established in 1906 in Scotts Hill, TN, and has grown to just under $2 billion in assets. The company has had only one change in ownership over the past 100 years as Jim Ayers acquired the bank in 1984. FirstBank is headquartered in Lexington, TN, and serves the state of Tennessee with 43 branches. We are the largest independently owned bank in Tennessee and offer a complete line of financial services from consumer and business banking to commercial real estate finance. The product manager is responsible for: developing business case and requirements for new products, features, and revisions to existing products; working with cross-functional representatives to pro-actively document and recommend product changes (size for market opportunity) – needed as a result of competitive pressures, shifts in market strategies, chan-nel needs, regulatory needs, or consumer needs; assist and participate in the development of the marketing and training including product–specific training and product messaging; identifying opportunities to improve overall delivery of the bank’s treasury management services. FirstBank offers a competitive benefit package that includes health and life insurance, 401K, vacation, short–term and long–term disability. To apply and view a more detailed job description, please visit our website at http://www.firstbankonline.com/ and then click on the Careers Page or E-mail your resume to [email protected].

0901-7 ConSumerloanoffiCerGrowing TN bank seeks experienced consumer lender for Henderson, TN, office. Responsibilities include developing customer relationships, analyzing financial documents, and approving loans within authority. Successful candidate will have knowledge of lending regulations and experience with standard credit analysis to ensure compliance and maintain a high–volume, quality loan portfolio. College degree and 3-5 years’ consumer lending experience preferred. Position offers competitive pay, great benefits, and opportunities for advancement. Please send resume and salary history to [email protected]. 0901-6 DireCtorofinternalauDitFSGBank in Chattanooga, TN. is seeking a director of internal audit. The position reviews, evaluates, and reports on the adequacy, effectiveness, and quality of the internal controls over financial reporting and related operating procedures. Develops long– and short–range plans including annual audit plan based on company–specific and industry risks. Responsible for hiring, developing, and managing internal audit staff. Bachelor’s degree in accounting or finance re-quired plus 5-7 years’ experience in external/internal audit. A background in banking and post–graduate studies and/or CPA, CIA certification required. E–mail resume to [email protected].

0901-5 SeniorriSkmanagerFirstBank has an exciting opportunity to join our East TN, team as a senior risk manager. Voted recently as one of the “Best Employers in Tennessee” and show-cased in the May 2008 edition of Business Tennessee Magazine, the bank was established in 1906 in Scotts Hill, TN, and has grown to just under $2 billion in assets. The company has had only one change in

ownership over the past 100 years as Jim Ayers acquired the bank in 1984. FirstBank is headquartered in Lex-ington, TN, and serves the state of Tennessee with 43 branches. We are the largest independently owned bank in Tennessee and offer a complete line of financial services from consumer and business banking to commercial real estate finance. The senior risk manager is responsible for underwriting and deciding on commercial and consumer credit proposals for community bank. The incumbent will also be responsible for the ongoing portfolio management and asset quality of assigned community bank portfo-lios. Will work closely with relationship managers, credit group team members, and clients. This position requires 10 + years of proven experience in similar credit positions at a bank and/or sufficient time period in lending so as to be able to demonstrate the qualifications necessary to accomplish the job. FirstBank offers a competitive benefit package that includes health and life insurance, 401K, vacation, short–term and long–term disability. To apply and view a more detailed job description please visit our website at http://www.firstbankonline.com/ and then click on the Careers Page or E-mail your resume to [email protected].

0901-2 viCepreSiDent/DireCtorofinternal auDitanDregulatoryComplianCeCommunity bank in Knoxville seeking an experienced internal auditor/compliance officer to join our manage-ment team. Responsibilities of position include, but are not limited to, the following: develop and administer comprehensive internal audit and compliance programs; report findings and recommendations for improvement to management; audit and compliance committees and the board of directors’ audit committee; train employees in relevant audit and compliance areas; serve as main contact for external auditors, regulatory agencies, and examiners; and assume responsibility for the overall internal audit and compliance functions of the bank. Successful candidate should have a bachelor’s degree in accounting, finance, or business administration and a minimum of 5 years of experience in the auditing and compliance functions. Please mail resumes to: Compliance/Audit Officer, PO Box 10725, Knoxville, TN 37913-0725. ■


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OFFICE OF THE COMPTROLLER OF THE CURRENCYFifth Third Bank, NA, Nashville, TN, application for new Mansel Village Branch, 570 East Crossville Rd, Roswell, GA (approved 3/18/09).

Fifth Third Bank, NA, Nashville, TN, application for new Cambridge Square Branch, 2036 Johnson Ferry Road, NE, Atlanta, GA (approved 3/18/09).

FEDERAL RESERVE SYSTEMFirst Farmers and Merchants Bank, Columbia, TN, request for extension to May 8, 2009, to establish a branch at 901 Nashville Highway, Columbia, TN (granted 3/12/09).

BankEast Corporation, Knoxville, TN, and BankEast, written agreement with the Federal Reserve Bank of Atlanta (announced 3/30/09).

Fifth Third Bank, NA, Nashville, TN, application for new Peachtree Hill Branch, 3455 Peachtree Indus-trial Boulevard, Duluth, GA (approved 3/18/09).

Fifth Third Bank, NA, Nashville, TN, application for new Orchard Park Branch, 2090 Dunwoody Club Drive, Atlanta, GA (approved 3/18/09).

First National Bank of Pulaski, Pulaski, TN, application for new Huntsville Branch, 2101 Clinton Avenue, Hunts-ville, AL (opened effective 1/15/08).

Pinnacle National Bank, Nashville, TN, application for new Belle Meade Branch, 4328 Harding Pike, Nashville, TN 37205 (received 4/1/09).

Pinnacle National Bank, Nashville, TN, application for new Farragut Office Branch, 241 Brooklawn Street, Knox-ville, TN 37934 (received 3/31/09).

Pinnacle National Bank, Nashville, TN, application to relocate main office from 211 Commerce Street, Suite 300, to 150 Third Avenue South, both in Nashville, TN (received 4/1/09).

Wachovia Bank, NA, application to relo-cate Green Hills Branch from 4108 Hills-boro Pike, Nashville, TN 37215, to Green Hills Village Drive, Suite 306, Nashville, TN 31705 (approved 3/31/09).

Pinnacle National Bank, application to relocate Brentwood Branch from 7029 Church Street, East, Brentwood, TN 37027, to 128 Franklin Road, Brent-wood, TN 37027 (received 3/31/09).

Cadence Bank, NA, application to relo-cate Franklin Branch from 1224-B Co-lumbia Avenue, Suite 110, Franklin, TN 37064, to 198 East Main Street, Franklin, TN 37064 (received 4/6/09). ■

ACTioNs oF BANK REGULAToRy AGENCiEs


Want more?Get more?

For information contact managing editor Dianne W. Martin [email protected]/244-4871 or 800/964-5525

THE T E N N E S S E E B A N K E R

Steve HandkePresident & CEO

Union State BankEverest, Kansas

“Our electronic payments are

too important to trust to someone

who could be our competitor.”

Our Difference is You“Just like in community banking, it’s the ownership that determines the nature of a company. It’s the same way with your EFT network. SHAZAM is member-owned and member-driven. And like my community bank, SHAZAM is fiercely independent. Electronic payments are vital to the future of my bank. That’s why I chose SHAZAM.”

For more information about SHAZAM, visit us at www.shazam.net or call (800) 537-5427.

shz_0109_tennesseebanker_2c.indd 1 12/29/2008 4:49:14 PM

TENNEssEE BANKERs AssoCiATioN 211 Athens Way, Ste 100 • Nashville, Tennessee 37228-1381Phone - 1-800-964-5525 or 615-244-4871 Fax - 615-244-0995 www.TNBankers.org

May 6, 7, 8Senior Lender Forums - Session #3 of 3TBA Board Room, Nashville

May 11-132009 Washington VisitWashington, DC

May 11, 12, 13, 14 2008-2009 Senior Compliance Officer Forums - Session #3 of 4TBA Board Room, Nashville

May 15Professional Teller School - Session #1 of 3Barrett Training Center, Nashville

May 17-22The Southeastern School of Commercial LendingSM

Owen Graduate School of Management, Nashville

May 19, 20, 212009 CEO Forums - Session #2 of 3TBA Board Room, Nashville

June 1, 2, 3, 4NEW Avoiding EFT & Check LossesJackson, Nashville, Kingsport, Knoxville

June 7-9119th TBA Annual MeetingThe Marriott Marquis, New York, NY

July 8, 9, 10CFO/Controller Forums - Session #2 of 3TBA Board Room, Nashville

July 19-24 - Both YearsThe Southeastern School of Banking I & IISM

Owen Graduate School of Management, Nashville

July 30NEW Identifying and Managing Problem LoansMemphis

August 10, 11, 12, 132008-2009 Senior Compliance Officer Forums - Session #4 of 4TBA Board Room, Nashville

August 11, 12, 13RESPA ProgramJackson, Nashville, Knoxville

August 14 Professional Teller School - Session #2 of 3Barrett Training Center, Nashville

August 17, 18, 19, 20NEW BSA/AML Compliance ManagementJackson, Nashville, Kingsport, Knoxville

August 25 NEW Emerging Leaders School - Session #1 of 3Barrett Training Center, Nashville

August 25 & 26Training the Credit AnalystMarriott at Vanderbilt University, Nashville

August 27 & 28Basic Consumer LendingMarriott at Vanderbilt University, Nashville

August 27NEW Risk Assessment & Audit ProgramBarrett Training Center, Nashville

September 1, 2, 3Analyzing Personal Income Tax Returns and Financial StatementsKnoxville, Nashville, Jackson

2009 PRoFEssioNAL DEvELoPMENT CALENDARSeptember 8 & 9 Community Bank Directors ConferenceHilton Nashville Downtown Hotel, Nashville

2009 Membership MeetingSept 10 - KingsportSept 11 - KnoxvilleSept 16 - NashvilleSept 17 - JacksonSept 18 - Memphis

September 14, 15, 16, 17 - Evening ProgramNEW Teller Loss PreventionKingsport, Knoxville, Nashville, Jackson

September 21 & 22, 22 & 23, 23 & 24Compliance with Federal Lending RegulationsKnoxville, Nashville, Jackson

September 22, 23, 242009 CEO Forums - Session #3 of 3TBA Board Room, Nashville

September 24 & 25The Southeastern Institute for Individual Retirement Account TrainingFranklin Marriott Cool Springs, Franklin

September 29NEW Emerging Leaders School - Session #2 of 3Barrett Training Center, Nashville

September 30, October 1, 2Senior Lender Forums - Session #1 of 3TBA Board Room, Nashville

October 6, 7, 8NEW Lending Transaction ComplianceKnoxville, Nashville, Jackson


For detailed program descriptions and registration information, visit our website at www.tnbankers.org/calendar/tba_cal

Join us where the lights are always bright.

P.O. Box 240, Alcoa, TN 37701800-888-6542 or 865-970-2800www.mountainlife.com

The Tennessee Bankers Association is taking Manhattan by storm this June, and we wouldn’t dream of missing the excitement.

We look forward to seeing you at the Chairman’s Reception on Sunday, June 7, from 6:00-7:30 p.m. in the Broadway Lounge of the Marriott Marquis Hotel on Times Square.

P.O. Box 790, Alcoa, TN 37701888-970-7500 or 865-970-7500www.earlwhaley.com

527 Airway Road, Alcoa, TN 37701888-590-2622 or 865-970-2622www.centerpointflood.com

the tennessee banker - sitemason, inc. · 2009-09-25 · the tennessee banker (issn 0040-3199) is...

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