Like Father, Like Son

Published October 21, 2011, 11:00 a.m. EDT

Updated October 21, 2011, 10:00 a.m. EDT

1 Min Read

Sounding the Alarm on the Repeal of Reg Q

I question how informed community bankers who've studied the impact of this repeal can draw any conclusion other than the potential damaging effects it will have on their bank.

March 22

Scott Heitkamp has secured a first for the Independent Bankers Association of Texas, following in his father's footsteps to chair the community banking organization.

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Heitkamp, the president and CEO of ValueBank Texas in Corpus Christi, is the first second generation leader for the 37-year-old IBA. His father, Harlan Heitkamp, led the organization in 1998. The elder Heitkamp is also ValueBank's chairman.

(ValueBank is a $165.9 million-asset unit of First International Bancshares Inc.)

"We have a great family legacy in our bank, just as IBAT has a great legacy of family," the younger Heitkamp said following his election at the group's annual convention in San Antonio. "I understand the power of involvement and political action."

Jay Gober, the chairman, president and CEO of First State Bank in Graham, was elected vice chairman of the group. John W. Jay, the president and CEO, was named secretary and treasurer.

The IBA has been a vocal critic of certain regulatory reforms, including the repeal of Reg Q.

Paul Davis

Founder, Bank Slate

Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.

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