Vic Pierson's, TBA Chairman, Chairman's Address is presented. He is very excited about serving the banking industry of Texas for the next year as Chairman of this great Association. The current financial crisis is very similar to the Bankers Panic of 1907. There are bills pending in Washington that will add more regulation on bankers and create more liability for them as lenders. He pledges to you today that bankers will continue to beat the drum on behalf of Texas banks to keep them out of this fight. The negative attention focused on financial services from subprime lending activity and foreclosures must be counteracted. This will be a primary focus of the year. This is a crucial time for everyone to adhere to sound principles of good basic banking. It is always important that they make sure their employees are adequately trained.