ABA Banking Journal - November/December 2017 - 21

"One of the things I've learned about Ken is when he says 'I'm thinking
about something,' that means he's probably going to do it."
-Mike Canon

E

ven in the springtime, the unclouded Midland, Texas,
sun cooks things up to more than 90 degrees.
Blistering winds roar up from the south, rattling the
window panes in Ken Burgess' office on the 12th
floor of FirstCapital Bank Plaza. Extending to the
horizon on all sides are the hundreds of oil rigs dotting the
landscape beyond the downtown high rises.
Two decades ago, Burgess wasn't taking in the view. He
was making the rounds down on the streets, a soon-to-beunemployed banker trying to open a bank in a town that
wasn't sure it needed another one.
"I'm sitting in my office back in Abilene in 1997, and we
just signed an agreement to sell the bank that I was the
president of," Burgess recalls. "Am I going to stay and work
for this acquiring bank or am I going to do something else?
It just hit me that now might be a good time to go try to start
a bank."

But not everyone was impressed. The oil-driven Midland
economy was weak. Oil prices were around $12 per barrel
and heading downward. Not only that, he hadn't lived in
Midland for many years. "When Ken first came, I didn't like
him," says then-mayor Bobby Burns. "My first response
was, 'Here's one that came from Abilene to rebuild the
old First National Bank.' I didn't want the outsider taking
that role."
Burgess won over the skeptics. For the next two decades,
FirstCapital Bank of Texas would grow organically to $1
billion in assets and four markets sprawled across west and
central Texas. And he became a recognized leader in his
adopted hometown and the other communities his bank
would call home. "It took me no time at all to understand
that this guy was a Midlander," Burns confesses. "It's simply
a matter of giving Ken a chance and he grabbed it and took
it. Right now, if Ken asked me to do anything, I would do it."

One of the first people Burgess called on was a prominent
lawyer named Mike Canon, whose brother Burgess had
gotten to know in Abilene. "My brother called me on
probably a Wednesday and told me that there's a guy
coming over to Midland that weekend and that he'd be
calling me, and it would be a good idea for me to talk to
him," Canon remembers, recalling Burgess' decisiveness.
"We had breakfast that Saturday morning early. Ken at that
point informed me that he was thinking about starting a
bank here in Midland. One of the things I've learned about
Ken is when he says 'I'm thinking about something,' that
means he's probably going to do it."
Canon was impressed with the pitch. Burgess knew
Midland well-he had started his career at the old First
National Bank of Midland-and he was convinced that
the Permian Basin needed a new community bank,
especially after a wave of failures that had followed
the 1980s oil crash. Canon connected Burgess
with another local banker and agreed to serve as
the bank's lawyer. Today, Canon is chairman of the
holding company's board; Burgess is the bank's chairman.

KEN AND CATHY BURGESS, MARRIED SINCE 1980,
AT THEIR HOME IN HORSESHOE BAY, TEXAS.
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21


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Table of Contents for the Digital Edition of ABA Banking Journal - November/December 2017

Chairman’s View
Upfront
Legal Briefs
Economic Outlook
Power Up Profile
Pitching In
Choices and Options Down on the Farm
Eager or Not, Every Board Needs an M&A Strategy
Adapting to Survive
More Than Just a Drink
Operations
Payments
Small Business Lending
Human Resources
ABA Compliance Center Inbox
From the States
Corporate Social Responsibility
Index of Advertisers
From the Vault
ABA Banking Journal - November/December 2017 - Intro
ABA Banking Journal - November/December 2017 - ebelly1
ABA Banking Journal - November/December 2017 - ebelly2
ABA Banking Journal - November/December 2017 - cover1
ABA Banking Journal - November/December 2017 - cover2
ABA Banking Journal - November/December 2017 - 3
ABA Banking Journal - November/December 2017 - 4
ABA Banking Journal - November/December 2017 - 5
ABA Banking Journal - November/December 2017 - 6
ABA Banking Journal - November/December 2017 - 7
ABA Banking Journal - November/December 2017 - Chairman’s View
ABA Banking Journal - November/December 2017 - 9
ABA Banking Journal - November/December 2017 - Upfront
ABA Banking Journal - November/December 2017 - 11
ABA Banking Journal - November/December 2017 - 12
ABA Banking Journal - November/December 2017 - 13
ABA Banking Journal - November/December 2017 - 14
ABA Banking Journal - November/December 2017 - 15
ABA Banking Journal - November/December 2017 - Legal Briefs
ABA Banking Journal - November/December 2017 - 17
ABA Banking Journal - November/December 2017 - Economic Outlook
ABA Banking Journal - November/December 2017 - Power Up Profile
ABA Banking Journal - November/December 2017 - Pitching In
ABA Banking Journal - November/December 2017 - 21
ABA Banking Journal - November/December 2017 - 22
ABA Banking Journal - November/December 2017 - 23
ABA Banking Journal - November/December 2017 - 24
ABA Banking Journal - November/December 2017 - 25
ABA Banking Journal - November/December 2017 - Choices and Options Down on the Farm
ABA Banking Journal - November/December 2017 - 27
ABA Banking Journal - November/December 2017 - Eager or Not, Every Board Needs an M&A Strategy
ABA Banking Journal - November/December 2017 - 29
ABA Banking Journal - November/December 2017 - Adapting to Survive
ABA Banking Journal - November/December 2017 - 31
ABA Banking Journal - November/December 2017 - 32
ABA Banking Journal - November/December 2017 - 33
ABA Banking Journal - November/December 2017 - More Than Just a Drink
ABA Banking Journal - November/December 2017 - 35
ABA Banking Journal - November/December 2017 - Operations
ABA Banking Journal - November/December 2017 - 37
ABA Banking Journal - November/December 2017 - Payments
ABA Banking Journal - November/December 2017 - 39
ABA Banking Journal - November/December 2017 - Small Business Lending
ABA Banking Journal - November/December 2017 - 41
ABA Banking Journal - November/December 2017 - Human Resources
ABA Banking Journal - November/December 2017 - 43
ABA Banking Journal - November/December 2017 - 44
ABA Banking Journal - November/December 2017 - ABA Compliance Center Inbox
ABA Banking Journal - November/December 2017 - From the States
ABA Banking Journal - November/December 2017 - 47
ABA Banking Journal - November/December 2017 - Corporate Social Responsibility
ABA Banking Journal - November/December 2017 - Index of Advertisers
ABA Banking Journal - November/December 2017 - From the Vault
ABA Banking Journal - November/December 2017 - cover3
ABA Banking Journal - November/December 2017 - cover4
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