Arkansas
State Bank Department
State Banking Board
Meeting Minutes for
March 22, 2007
(updated August 9, 2007)
A regular 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 July 19, 2007. The following Board Members were
present: Chairman David Short, Vice
Chairman Elmer Flucht, Margie Russ, Marcus McCain, John Freeman, and Creed
Spann. Representing the State Bank
Department were Commissioner Candace A. Franks, Deputy Commissioners Luther Guinn
and Susannah Marshall, Attorney Brent Taylor, Chief Examiner Wilks Marshall, and
Administrative Assistant II Barbara Mahoney. There was no representative from the Attorney
General’s Office.
Commissioner Franks opened the meeting. Secretary Luther Guinn declared a quorum was
present. Commissioner Franks then asked
the visitors and guest to stand and introduce themselves and state who they
represent. Representing the Federal
Deposit Insurance Corporation were Debbie Calvert and Wayne Nichols. Representing the
Next on the agenda was consideration of the Minutes of the March 22, 2007 Special Board Meeting. A motion was made by John Freeman, seconded by Margie Russ, to approve the Minutes as presented. Motion carried and the Commissioner concurred.
Next was approval of expenses for the Board. A motion was made by Elmer Flucht, seconded
by Marcus McCain, to approve the Board’s expenses. Motion carried and the Commissioner
concurred.
Next on the agenda was a revised regulation to clarify confidential or
non-confidential status of Bank Department records. After general discussion, a motion was made
by Elmer Flucht, seconded by Margie Russ, to approve the revised
regulation. Motion carried and the
Commissioner concurred.
The next item on the agenda was a proposed regulation to adopt the
Office of the Comptroller of the Currency guidelines on gift card
disclosures. After general discussion, a
motion was made by Creed Spann, seconded by Marcus McCain to approve the
regulation. Motion carried and the
Commissioner concurred.
The next item of the agenda was the repeal of Resolutions of the State
Banking Board (See appendage to these minutes).
After general discussion, a motion was made by Marcus McCain, Seconded
by John Freeman to repeal the Resolutions of the State Banking Board. Motion carried and the Commissioner
concurred.
Being no further business, a motion was
made by Elmer Flucht, seconded by Margie Russ, to adjourn. Motion carried.
