Arkansas
State Bank Department
State Banking Board
Meeting Minutes for
April 20, 2006
(updated July 18, 2006)
A meeting of the State Banking Board was held in the
conference room of the Arkansas State Bank Department, 400 Hardin Road, Suite
100, Little Rock, Arkansas, at 10:00 a.m. on April 20, 2006. The following Board Members were
present: Chairman Charles Mazander,
Margie Russ, John Freeman and Elmer Flucht [Board Member Marcus McCain was
called by phone and participated in the meeting by conference call.] Representing the State Bank Department were
Commissioner Bunny Adcock, Deputy Commissioners Luther Guinn and Candace
Franks, Financial Analysts Gregg Qualls and Cara Lank, Administrative
Assistants II Barbara Mahoney and Devan Adair.
Lynn Perkins was the recording reporter for the applicant. Tom Gay was present from the Attorney
General’s office. No representatives
from the media were present.
Commissoner
Adcock opened the meeting. Secretary
Luther Guinn declared a quorum was present.
Commissioner Adcock then asked the visitors and guest to stand and
introduce themselves and state who they represent. Commissioner Adcock announced that the first
order of business was election of a new Chairman and Vice Chairman. A motion was made by Marcus McCain, seconded
by Margie Russ, to elect Charles Mazander Chairman and David Short Vice
Chairman, for the year 2006. The motion
passed unanimously and the Commissioner concurred. He then turned the meeting over to Chairman
Charles Mazander.
Next on the agenda was consideration of the
Minutes of the December 1, 2005 Special Board Meeting. A motion was made by Margie Russ, seconded by
John Freeman, to approve the Minutes as presented. Motion carried and the Commissioner
concurred.
Next was
approval of the expenses for the board.
A motion was made by Margie Russ, seconded by John Freeman, to approve
the Board’s expenses. Motion carried and
the Commissioner concurred.
Next on the
agenda was an application by First Financial Bank,
Steve Cameron of
First Financial Bank, El Dorado stated that besides the bank they have a
mortgage operation and poultry lending operation operates throughout the
southeast part of the
A motion was
made by Mr. Freeman, seconded by Margie Russ, for a Resolution from the Board
to recognize Gus Rusher for his service to the Board [see copy appendage to
these Minutes.] Motion carried and the Commissioner concurred.
A motion was
made by Margie Russ, seconded by John Freeman for a Resolution from the Board
recognizing Richard Mays for his service to the Board [ see copy appendage to
these Minutes.] Motion carried and the Commissioner concurred.
No further
business, the meeting was adjourned.