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Capital Purchase Program

FIRST FINANCIAL BANCSHARES, INC.
Executive Compensation and
Excessive or Luxury Expenditures Policy

First reviewed and approved by the Board of Directors of First Financial Bancshares, Inc., November 19, 2009

First Financial Bancshares, Inc. "FFB" intends to comply with the requirements of the Department of the Treasury with respect to Section 111(d) of the Emergency Economic Stabilization Act of 2008 and the interim final rule published on June 15, 2009, at 31.C.F.R Part 30 relating to the TARP standards on Executive Compensation and Expenditures and any additional standards that may be required.

First Financial Bancshares, Inc. is a privately held bank holding company with 100% controlling ownership in the following Banks: Lawrence Bank, Lawrence, Kansas and Great American Bank, Desoto, Kansas all of which are considered the FFB Banks. FFB’s primary Federal Regulator is the Federal Reserve.

The current Directors/Officers of the Holding Company are:

The above 4 directors along with Vickie Knight, EVP and CFO of Lawrence Bank would be considered the top 5 executive officers by authority of the FFB Banks.

Executive Compensation Policy
The Compensation Committee will be comprised of the Directors of First Financial Bancshares, Inc. and David Kenner, Director and attorney at Great American Bank.

The Compensation and Strategic Planning Committee of FFB will review any and all compensation paid to FFB Bank’s executive officer(s) on a semi-annual basis. Any and all increases in compensation including salary, bonuses, expenditures such as fringe benefits to the FFB Bank’s executive officer compensation will have prior approval from the Compensation Committee with supporting documentation for performance and market factors.

The compensation committee will identify any activity or compensation that could lead to unnecessary or excessive risks that could threaten the value of FFB or its Banks.

All certifications and reporting requirements will be adhered by the Department of the Treasury as required in 31 CFR Part 30.

Excessive or Luxury Expenditures Policy
It is FFB’s policy to set standards that are reasonably designed to eliminate excessive expenditures in the areas listed in number 2 below.

  1. Types of Categories or Expenses Prohibited.
    • Any expenses outside of the normal course of business
    • Leisure expenses for personal vacation, vacation rentals, transportation to/from or any personal use related to lodging, meals, or transportation.
  2. Approval Procedures: If certain expenses are considered to be incurred which would be considered potentially excessive or luxury, the FFB Directors would require prior approval. In order to monitor the activity, FFB Directors will require approval of any the following expenses in excess of $25,000 annually for: 1) Entertainment or events, 2) Office and Facility Renovations, 3) Aviation or other Transportation Services, 4) Other similar items, activities or events for which the TARP recipient may reasonably anticipate incurring expenses, or reimbursing an employee for incurring expenses.

  3. PEO and PFO require certifying such approval in # 2.

  4. Prompt internal reporting will be required to the FFB Board for any violation of this policy.

  5. Accountability and adherence to this policy will be mandatory for all directors, officers, employees of the FFB Banks.

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