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Chairman's Corner - 11/09


Good things are happening at First State Bank & Trust!

Our Rating:

We have again been awarded the BauerFinancial Five Star Superior Bank rating. This rating takes into consideration the bank’s capital ratio; profitability/loss trend; the level of delinquent loans, charge offs and repossessed assets; the market versus book value of the investment portfolio; regulatory supervisory agreement; the community reinvestment rating; historical data and liquidity.

Our Lending:

While banks all around us are restricting their lending, we at First State Bank & Trust Co. have been able toincrease our loan availability.In fact, we just celebrated our all time recordhighin loans outstanding over our long 113-year history.We are proud of our strength and our ability to provide much needed financing to businesses and individuals in our communities, especially during these difficult economic times.

Our People:

We attribute our success to our wonderful associates, who do a great job of taking care of customers and making sure our processes run smoothly. We have intelligent, forward-thinking people who continue to make us even better than we were before. Along those lines I would like to announce two new additions to the First State Bank leadership team:

Troy Bender, CLU, ChFC, MSM, MSFS, will assume leadership of Kansas Wealth Management, Inc., the Bank's investment subsidiary. He is an accomplished financial services consultant, delivering to clients extensive knowledge and experience. Bender has earned industry designations that include Chartered Life Underwriter and Chartered Financial Consultant from the American College and Qualified Pension Administrator from the American Society of Pension Actuaries. Bender has over 23 years of experience in the financial services industry. His previous positions include: General Securities Principal for UMB Financial Services, Inc., Senior Vice President with the Laughlin Group of Companies, Manager of Market Development for Prudential Financial, and President of UMB Insurance Services, Inc.

Desmond Smith has joined the bank as Vice President in the Pratt, Kansas, market. Desmond is a Central Kansas native and a 6th generation Kansan. His broad business experience, which includes financial services, energy, agriculture, and technology, will be a tremendous asset to the bank. He gained expertise domestically in corporate finance, logistics, and business development during a career which has included positions that vary from Wall Street, to Silicon Valley, to major energy companies. Desmond has also had the opportunity to visit more than 70 countries during his career, and has led business efforts headquartered in more than a dozen locations, including oil production in the North Sea, technology development in South America, and the expansion of business opportunities for U.S. corporations throughout Europe. In addition, while working internationally, Desmond was able to assist companies in developing the business logic and processes necessary to return previously exported jobs back to the U.S.

Our Future:

Because we are committed to being the best bank we can be, we continuously study and research new technology and products that may improve our performance and your satisfaction. We are not complacent in our position of strength, but instead we are using that strength to invest in ourselves and move successfully into the future with you.

Again, I wanted you to know about the great things that are happening at First State Bank & Trust Co. Please let me know if we can be of further service. You can reach me at the email address below.