 Bulletin No.: 2009-18 TO: STOCKHOLDERS SUBJECT: Election of Directors The Bank is pleased to announce the results of the 2009 election for seven positions on the Board of Directors – one member director seat representing the state of Arkansas, two member director seats representing the state of Texas, and three at-large seats for independent directors. Louisiana had a sole member director candidate, so there was no election held for that state. There were no member directorships to be filled for the states of Mississippi or New Mexico this year. Bank members re-elected Chuck Morgan to represent Arkansas. Anthony Sciortino was re-elected as the sole candidate for Louisiana. Julie Cripe and Mike Rigby were elected by members to represent Texas. Members at-large re-elected Kent Conine and James Pate, and elected John Salazar to serve as independent directors. Mr. Conine, Ms. Cripe, Mr. Morgan, Mr. Pate, and Mr. Sciortino will each serve a four-year term commencing January 1, 2010 and expiring December 31, 2013. Mr. Rigby and Mr. Salazar will each serve a two-year term commencing January 1, 2010 and expiring December 31, 2011. Below are the voting results by state and for the at-large independent directorships. Election of Member Directors
Arkansas Total Number of Votes Cast for Each Nominee There were 125 member institutions in Arkansas that were eligible to vote, of which 90 valid ballots were cast for member directors. Robert H. Adcock 278,967 votes Vice Chairman Centennial Bank Conway, AR
Charles G. Morgan 430,610 votes President/CEO Pine Bluff National Bank Pine Bluff, AR Louisiana
Anthony S. Sciortino Sole candidate Chairman, President & CEO State-Investors Bank Metairie, LA
Texas There were 514 member institutions in Texas that were eligible to vote, of which 173 valid ballots were cast for member directors.
Bramlet Beard 101,574 votes President Ennis State Bank Ennis, TX
Gary Blankenship 828,606 votes Chairman/CEO Bank of the West Grapevine, TX
Julie Cripe 1,030,872 votes President/CEO OmniBank, N.A. Houston, TX
W. Don Ellis 105,958 votes Chairman/CEO Patriot Bank Houston, TX
Mike Rigby 841,871 votes Market President Liberty Bank North Richland Hills, TX
Duncan W. Stewart 70,376 votes Chairman/CEO Texas Citizens Bank, N.A. Pasadena, TX
Jim Sturgeon 78,856 votes President/CEO/Director Founders Bank, SSB Sugar Land, TX Election of Independent Directors There were 922 members at-large that were eligible to vote, of which 248 valid ballots were cast for the independent directorships. Public Interest C. Kent Conine 1,980,491 votes President Conine Residential Group Dallas, TX
James W. Pate, II 1,729,565 votes Executive Director New Orleans Area Habitat for Humanity New Orleans, LA
Independent John P. Salazar 1,979,535 votes Attorney Rodey, Dickason, Sloan, Akin & Robb, PA Albuquerque, NM
Attached is biographical information on the independent directors. On behalf of the Bank and our members, I would like to recognize the outstanding contributions made by Ty Abston, Gary Blankenship, and Willard Jackson, whose terms will expire on December 31, 2009. If you have any questions regarding the election process, please contact Bre Chapman, Corporate Secretary, at 214.441.8459. Sincerely, Terry Smith ###
Biographical Information for Independent and Public Interest Directors:
C. Kent Conine serves as President of Conine Residential Group and has served in that capacity since 1995. Based in Dallas, Texas, Conine Residential Group specializes in single-family home building and subdivision development and the construction, management and development of multifamily apartment communities. Mr. Conine currently serves as the Chairman of the Texas Department of Housing & Community Affairs and is a past president of the National Association of Home Builders. From July 2004 to February 2008, he served on the board of directors of NGP Capital Resources Company, a publicly traded financial services company that invests primarily in small and mid-size private energy companies. Mr. Conine currently serves as the Vice Chairman of the Affordable Housing and Economic Development Committee of the Bank’s Board of Directors and serves on the Government Relations Committee of the Bank’s Board of Directors. James W. Pate, II serves as Executive Director of the New Orleans Area Habitat for Humanity and has served in that capacity since 2000. He has worked with affiliates of Habitat for Humanity for over 15 years. Habitat for Humanity builds houses in partnership with homeowner families and volunteers. Mr. Pate serves on the Affordable Housing and Economic Development and the Compensation and Human Resources Committees of the Bank’s Board of Directors. John P. Salazar is an attorney with the law firm of Rodey, Dickason, Sloan, Akin & Robb, PA in Albuquerque, New Mexico. He specializes in real estate, land use, and development law. Mr. Salazar has represented single-family residential and multi-family housing developers and builders. He is a member of the Board of Directors of the Inter-American Foundation, is a member of the Board of Trustees of Albuquerque Community Foundation, is a member of the Executive Committee of the Albuquerque Hispano Chamber of Commerce, and is a member of the Albuquerque Economic Forum. ### |  |
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