Volume 6, Issue 1
Page 5
VIEW
do – overcome problems
Continued from Page 4
with improved manage-
ment and closer regulatory
State Bank Department
If you are a banker supervision. These insti-
worried about a reaction tutions have the ability to
to the publication of raise additional capital, cut
bank rankings and rat- expenses, sell assets and
ings, or to negative cov- seek a merger partner.
erage by the news media A bank should be pro-
of the industry, I recom- active in communicating
mend you tell any cus- with customers about de-
tomer expressing con- posit insurance. A deposi-
cern that: tor with questions should
receive clear-cut, thorough
Sandra Thompson
The companies pro-
viding rankings and rat- answers and be referred to
ings are not the govern- the FDIC, if necessary.
DAY
ment agencies that have When a community
Continued from Page 4
Mike Ross
regulatory oversight of bank or thrift does fail, it
insured financial institu- is a difficult experience for
on the NATO Parliamen-
Association business ses-
tions as well as exclusive the institution’s employees
tary Assembly, on which
sion is scheduled for 8
access to important and their families, the
he represents the United
a.m. to noon on Thursday,
qualitative information management team, board
States at meetings of the
April 30. The session will
about these institutions. of directors and, of
26 NATO-member coun-
include a keynote presen-
course, the stockholders.
tries. Ross was born in
tation, “The Game Has
While bank and thrift
Texarkana, Arkansas, and
Changed,” from noted
ratings and rankings Fortunately, there is an
is a graduate of Hope
professional speaker John
compiled by companies orderly process in place to
High School and the Uni-
Cassis. Governor Mike
or the news media can be minimize the impact of
versity of Arkansas at Lit-
Beebe has been invited to
relevant to an investor or the failure of an insured
tle Rock.
speak at the session.
creditor, an insured cus- financial institution on its
Commissioner Franks
The Spouse/Guest
tomer can ignore such customers and the local
and Reynie Rutledge, Ar-
Event and Luncheon will
information. No cus- economy. Typically, an-
kansas Bankers Associa-
be from 10:30 a.m. to 1
tomer has ever lost a other institution assumes
tion chairman for 2009-
p.m. Thursday at Garvan
penny in insured deposits the bank’s deposits and
10, will deliver closing
Woodland Gardens, with
when a bank has failed in reopens the bank’s transportation provided.
this country. A bor- branches the next busi-
remarks. The program is
The Chairman’s Recep-
rower’s loans continue to ness day.
scheduled to end by noon.
tion is scheduled from
be serviced after his or The goal of this process
The convention begins
5:30 to 6:30 p.m. Thurs-
her insured lender fails. is to make the transition
this year on the golf
day, followed by the con-
for the customer as seam-
course at Belvedere Golf
vention banquet. A single ratio pro-
vides only limited infor-
less as possible and to
Resort. The Arkansas
The Exhibit Showcase
mation about the overall
revitalize a key economic
Bankers Association Golf
and Trade Show will run
condition of a financial
“engine” – and, often, a
Tournament is scheduled
from 5 to 8 p.m. on
institution.
leading corporate
for 10:30 a.m. to 3 p.m.
Wednesday and from 7
“citizen” – of the commu-
on Wednesday, April 29.
a.m. to 1 p.m. on Thurs-
A relatively low rat-
ing does not mean regu-
nity.
Also Wednesday, con-
ference registration is
day.
latory intervention is
EDITOR’S NOTE:
scheduled for 3 to 4:30
A brochure with addi-
likely for the institution.
This column will be
p.m. in the lobby of the
tional information about
Such a rating indicates
posted as a “Message
Embassy Suites Hotel &
the convention, including
only that certain below-
from the Commis-
Spa and from 5 to 6:30
a complete agenda and a
average performance
sioner” on the Bank
p.m. at Concourse A of
registration form, is avail-
factors were present dur-
Department’s Web site
the Convention Center.
able on the Web site of
ing the rating period.
at:
The opening reception
the Arkansas Bankers As-
Financial institutions
http://www.arkansas.gov/bank/ will be from 5 to 8 p.m.
sociation at:
can – and, in most cases,
CommissionersStatement.html
The Arkansas Bankers
www.ar
kbankers.org
March 31, 2009
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