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Australian Farmer of the Year Awards
Farmer of the vear
A STEP FORWARD
Australian
Americas
RIIN
Just the facts figures
Pacific State Bank
Butte
Community
Bank
This edition of Rl World deals predomi-
nantly with the What, the Why and the
When of Basel III. But how did we get
here?
1974
The Basel Committee on Banking Su-
pervision is established by the central
bank Governors of the Group of Ten
nations, in the aftermath of serious dis-
turbance in international currency and
banking markets (notably the failure of
Bankhaus Herstatt in West Germany).
1988
Basel I is introduced. The Committee
establishes minimum capital require-
ments for banks.
2004
Basel II is the second of the Basel
Accords, aimed at creating an interna
tional Standard that banking regulators
can use when drawing up regulations
on how much capital banks need to
put aside.
2009
Outline proposals of Basel III are re-
leased. The first draft was released in
September. The second, following feed
back from central banks, governments
and financial institutions, in December.
2010
After a further round of discussions,
the Basel Committee's oversight body
agrees on key elements of a reform
package in July. In September, the
Committee published a polished ver
sion of proposals that will be voted on
by G20 finance ministers in November.
Future
If the G20 - which is composed of
representatives from 19 countries and
the European Union, all of which come
from the top 32 economies as meas-
ured by GDP - endorse the proposals,
Basel III will be implemented and intro
duced as law between 2012 and 2019
RI WOR1.D
Rabobank Australia has become a foundation
sponsor of the inaugural 'Australian Farmer
of the Year Awards', which are designed to
celebrate the highly professional, innovative
and sustainable practices of Australia's farmers.
Organised by the Kondinin Group, an inde
pendent research and publishing company,
the awards aim to raise awareness of the
important role that farmers play in Australia's
ongoing prosperity.
Peter Knoblanche, General Manager Country
Banking Australia: "Rabobank is always keen
to recognise and celebrate innovation, best
practice and leadership in farming and
agribusiness, and many of our existing and
prospective clients boastoutstanding achieve-
ments in this arena. The sponsorship will not
only provide us with some positive media
coverage, but hopefully also some good intro-
ductions at the awards night."
The awards include the 'Rabobank Farm Industry
Leader of the Year Award', which is open to
applicants with an active farm business who
demonstrate industry leadership and a commit-
ment to making a contribution to improve
the performance and sustainability of an agri-
cultural industry in Australia.
KONDININ
GROUP'
September 21, 2010
In August, Rabobank, N.A. (RNA) acquired
Butte Community Bank and Pacific State
Bank in California. The transaction is a signi
ficant step forward in RNA's growth strategy
and is highly synergistic, combining com
munity banks with similar business lines and
little geographic overlap. The addition of
the banks expands Rabobank's footprint,
creating a 120-branch retail banking fran
chise that extends from the Imperial Valley
up through the Central Valley and through-
out the Central Coast. The acquisition also
gives Rabobank a well-established platform
from which to further expand its business
in areas it has targeted for growth.
"We are pleased to welcome Butte Community
Bank and Pacific State Bank customers to
Rabobank," said Ronald Blok, CEO of
Rabobank, N.A. "Now as customers of
Rabobank, they can have confïdence in
the safety of their deposits and the sound
ness of their bank. These organisations have
much in common with Rabobank, most
importantly a strong commitment to
community banking, personalised service,
and local investment."
Butte Community Bank was a USD 499 million
bank based in Chico, with 14 branches
concentrated in the North Central Valley.
Pacific State Bank was a USD 312 million
bank based in Stockton, with branches
primarily in San Joaquin County and the
Siërra foothills.
