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Luther has the knowledge, the experience and the leadership ability to do an outstanding job.  He has been an invaluable adviser to me this past year,” Commissioner Adcock said. 

Guinn will replace Don R. Clark, a current deputy bank commissioner, who plans to retire January 31 after 37˝ years with the Department. 

Guinn, currently chief examiner, began his career with the Bank Department as a financial examiner trainee on May 5, 1980. 

June 30, 2004

Volume 1, Issue 2

The Banker’s Advocate
Text Box: makes education a high priority. The examination teams have had trouble keeping up recently because so many of the examiners are in school. There are recognitions and incentives for examiners as they progress through schools. This past fall, I assisted in interviewing five new employees, a couple of whom were at the top of their class. Professionalism. Over this past year, I have seen some of our young examiners put in stressful situations and they have handled themselves with dignity and poise. Adaptability to change. Over the last few months, there have been a number of suggested changes that

This newsletter marks the ending of my first year as Arkansas Bank Commissioner.  Let me give you my observations after my first year.  Having been a banker for the past 30 years and not a regulator, I can give you an unbiased opinion of the quality of State Bank Department staff.  I have been very impressed with the quality and knowledge of our employees.  This staff is as good as any I have worked with in my career.  Let me tell you why.

Experience.  The senior staff made up of Don

Text Box: Clark, Candace Franks, Luther Guinn and Julian Rainey has a combined total of 105 years working at the State Bank Department. There has not been a problem that they have not seen before and dealt with. Knowledge and education. The ASBD Text Box: See VIEW, Page 3 Text Box: Qualities distinguish fine staff Text Box: The Commissioner’s View Text Box: Luther Guinn, a longtime employee of the Bank Department, will become deputy bank commissioner of the agency on February 1, 2005. The appointment was announced by Bank Commissioner Robert H. Text Box: Guinn will succeed Clark in Deputy post Text Box: A bank holding company (BHC) modernization project is under way at the Federal Reserve. Changes include the manner in which financial data will be transmitted for FR Y-9 reports. Refer to http://www.reportingandreserves.org/ for updates regarding Internet submission. The following two links contain letters, one of which your chief executive officer should have received, regarding the BHC Modernization Project and validation checks for submitted FR Y-9 reports: http://www.reportingandreserves.org/ BHCmodlettertoy9spes.pdf Text Box: http://www.reportingandreserves.org/ BHCmodlettertoy9clpr.pdf A copy of revised Administrative Policy #002 in Arkansas State Bank Department Rules and Regulations recently was mailed to each bank holding company. This revision is an effort to further reduce regulatory reporting burden. Please contact our office if you have questions regarding submission of any BHC reports. A proposed rule to retain trust preferred securities in Tier 1 capital of bank holding companies, but with stricter Text Box: See HOT TOPIC, Page 2

“Bunny” Adcock Jr.

“I am very pleased to name Luther to the Deputy position.