Legence - CBAI.com

Transcription

Legence - CBAI.com

O f f i c i a l P u b l i c a t i o n o f t h e C O M M UNIT Y BAN K E R S A S S O CIATI O N o f ILLIN O I S
Banknotes
January 2014
Volume 40 • Issue 1
Legence
Bank University
2 0 1 3 B K D Awa r d
FOr EXCELLENCE &
I N N O VAT I O N W I N N E R
2014
Interest
Bankers’ Private
CBAI
Rate Risk:
Cloud: Cloud-Based
Leadership
A Priority for 2014
I.T. Services
page 11
page 20
page 27
CBAI Board of Directors & Staff
Community Bankers Association of Illinois
Executive Committee
CBAI Executive Staff
+Chairman – Bill Wubben, Apple River State Bank
< bwubben@appleriverstatebank.com >
+ First Vice Chairman – Todd Grayson, South Central Bank, N.A., Chicago
< tgrayson@banksouthcentral.com >
+ Second Vice Chairman – Kevin Beckemeyer, Legence Bank, Eldorado
< kbeckemeyer@legencebank.com >
+ Regional Vice Chairmen – Tony Sisto, STC Capital Bank, St. Charles
< tsisto@stccapitalbank.com >
+ Jeff Rolczynski, American Midwest Bank, Sycamore
< jeff.rolczynski@americanmidwestbank.com >
+Tom Marantz, Bank of Springfield
< tmarantz@bankwithbos.com >
+ David Pirsein, First National Bank in Pinckneyville
< dpirsein@fnbpville.com >
+Treasurer – Gregg Roegge, Rushville State Bank
< groegge@frontiernet.net >
+Immediate Past Chairman – Rick Jameson, Morton Community Bank
< rick.jameson@hometownbanks.com >
+ President – Bob Wingert, CBAI, Springfield
< bobw@cbai.com >
+ Bob Wingert, President
< bobw@cbai.com >
+ Jerry Cavanaugh, General Counsel
< jerryc@cbai.com >
+ Levette Shade, Paralegal
< levettes@cbai.com >
+ Lisa Lippert, C.P.A., Controller
< lisal@cbai.com >
+ Jenny Dial, Senior Vice President Operations
< jennyd@cbai.com >
+ Kraig Lounsberry, Senior Vice President Governmental Relations
< kraigl@cbai.com >
+Megan Peck, Vice President Governmental Relations
< meganp@cbai.com >
+ David Schroeder, Vice President Federal Governmental Relations
< davids@cbai.com >
+Tracy Z. McQuinn, Senior Vice President Education & Special Events
< tracym@cbai.com >
+Valerie Johnston, Vice President Education & Special Events
< valeriej@cbai.com >
+Melinda McClelland, Vice President Education & Special Events
< melindam@cbai.com >
+ Andrea C. Cusick, Senior Vice President Communications (Banknotes Editor)
< cbaicom@cbai.com >
+Terry Griffin, Vice President Chicago Area
< tergri@sbcglobal.net >
Group Directors
+ David Loundy, Devon Bank, Chicago
< david@devonbank.com >
+ David Stanton, PeopleFirst Bank, Joliet
< dstanton@peoplefirstbank.com >
+ Dianna Torman, Prairie Community Bank, Marengo
< dtorman@prairiecommunitybank.com >
+Cindy Martin, Lena State Bank
< cmartin.lena@ffgbank.net >
+ Jeff Hammes, Peoples Bank of Kankakee County, Bourbonnais
< jhammes@peoplesbankdirect.com >
+ Doug Parrott, State Bank of Toulon
< dparrott@statebankoftoulon.com >
+Mike Mahair, State Street Bank and Trust Co., Quincy
< mmahair@statestreetbank.com >
+ Jeff Bonnett, Havana National Bank
< jeff.bonnett@havanabank.com >
+ Eric McRae, First Mid-Illinois Bank & Trust, N.A., Mattoon (Decatur)
< emcrae@firstmid.com >
+ Shawn Davis, CNB Bank & Trust, N.A., Carlinville
< sdavis@cnbil.com >
+ Sheila Burcham, Community Trust Bank, Irvington
< sheilab@communitytrustbk.com.com >
+ Dan Graham, Flora Bank & Trust
< dgraham@fbandtbank.com >
+ John Dosier, First Southern Bank, Carbondale
< john.dosier@firstsouthernbank.net >
CBAI Past Chairmen
+Mike Estes, Fisher National Bank
< mestes@fishernational.com >
+Mary Sulser, Buena Vista National Bank of Chester
< marys@bvnb.com >
ICBA State DELEGATEs
+
+
Gerry Johnson, Grand Ridge National Bank
< gerry.johnson@grnbank.com >
Preston Smith, First National Bank, Mattoon
< psmith@fnbbankingcenters.com >
CDD Chairman (ex officio)
+ Kim McKee, North Central Bank, Hennepin (Ladd)
< kmckee@ncb-ebanc.com >
4
www.cbai.com
+
CBAI Legislative Consultant
+ David Manning
< demgov@aol.com >
CBSC Executive Staff
+Mike Kelley, President
< mikek@cbai.com >
+Mike Duke, Vice President, Electronic Payments
< miked@cbai.com >
+ Andy Burkett, Vice President, Member Services
< andyb@cbai.com >
+ Lesa Black, Vice President, Member Services
< lesab@cbai.com >
Headquarters
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800/736.2224 (IL only) + Fax for CBAI (except for Departments below):
217/529.9484 • Fax for Departments of Communications, Education, and
Special Events: 217/585.8738 • Fax for CBSC: 217/585.8735 • www.cbai.com
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articles list copyright. Please use the author’s name/company/title, along
with the following credit line and Banknotes issue number: “Reprinted from
Banknotes, a publication of Community Bankers Association of Illinois.”
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contact the CBAI Department of Communications.
With the exception of official announcements, the Community Bankers
Association of Illinois and its staff disclaim responsibility for opinions expressed
and statements made in articles published in Banknotes. This publication of the
Community Bankers Association of Illinois is intended and designed to provide
accurate and authoritative information regarding the subject matter covered.
These services are provided with the understanding that the Community Bankers
Association of Illinois is not engaged in rendering specific legal, accounting, or
other professional services. If specific legal advice or other expert assistance is
required, the services of a competent, professional person should be sought.
Banknotes
January 2014
08
20
27
features
BKD Award for Excellence & Innovation Winner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 08
2014 CBAI Leadership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Four Ways to Mitigate Risk in Banking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
CBAI’s 7th Annual Women in Community Banking Conference Inspires Attendees . . . . . . . . . . . . 17
Interest Rate Risk: A Priority for 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Bankers’ Private Cloud: Cloud-Based I.T. Services for Community Banks . . . . . . . . . . . . . . . . . . 27
So, You’re Thinking About Brokering Mortgage Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
CDD Fall Meeting: “Lead Out Loud” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Member Bank Partners in Co-op to Continue Offering Core System . . . . . . . . . . . . . . . . . . . 35
departments
Coming Attractions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Welcome New Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Legal Link . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Member News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Foundation Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Index of Advertisers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Published for
Community Bankers
Association of Illinois
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p. 217.529.2265
p. 800.736.2224
www.cbai.com
Director of Publishing
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Carrie Bethel
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To submit editorial or
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Please note: Editorial and contents of this magazine reflect the records of the Community Bankers Association of Illinois (CBAI). CBAI has done its best to
provide useful and accurate information, but please take into account that some information does change. E&M Consulting, Inc., publishers, and CBAI take no
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concerning the content of advertisements of products/services for a particular use, including all information, graphics, copyrighted materials, and assertions
included in the advertisements. The reader is advised to independently check all information before basing decisions on such information.
6
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+
Banknotes
Ginger
Hampton,
Kevin Beckemeyer, and
Arla Wasson
of Legence
Bank,
Eldorado
accept the
2013 BKD
Award at the
CBAI Annual
Convention &
Exposition in
Springfield.
2013 BKD Award FOR EXCELLENCE
& I N N O V A T I on R E C I P I E N T
Legence Bank University
“In the past few years, we have been working through the worst financial crisis we have known since the Great Depression.
...We hear every day from people who lament the choices they made, often expressing anguished regret that
they did not know more about the risks involved in financial decisions.”
Financial Literacy and Education Summit held in Chicago, April, 2013
I
n response to the challenge facing community banks to
address this crucial need, Legence Bank, Eldorado initiated
its own financial-literacy program, Legence Bank University
(LBU). The program:
• Was developed by Legence financial-service professionals
who understand personal finance beyond mere theory, and
who can effectively share the characteristics of positive
money-management skills in real life;
• Is motivating, fun, and accessible to parents,
teachers, and students;
• Is free to schools; and
• Features a unique, identifiable mascot, Lucky the Star.
LBU is an educational program to educate, inform, and encourage
financial knowledge in the communities Legence Bank serves.
LBU programs reach children in kindergarten through high school,
8
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plus continuing education for adults. Legence Bank’s website,
www.legencebank.com, features a special LBU section that takes
the consumer to the area appropriate for their station in life.
Elementary School
Worksheets, games and activities are provided such as
word search, maze, coloring sheets and “Fun Facts about
Money.” The emphasis is on the three basic areas of money
management: spend, save and share. Provisions are made for
online privacy and security for children.
Young Adults
Videos are provided on “How To Save Money” and “How
Mobile Banking Works.” Articles include “Frequently Asked
Banking Questions for Teens and Grads,” “Financial Terms
Dictionary,” and “Resumes – Tips To Get You Started.”
Banknotes
Legence
Bank
University
staff Olivia
Bradley,
Ginger
Hampton,
and Lucky
the Star visit
an Eldorado
Elementary
School firstgrade class.
Continuing Education
Videos include “How To Balance Your Checkbook” and
“Your Credit Score.” Articles provided are “Financial Terms
Dictionary,” “Best Practices To Help Protect Yourself from
Identity Theft,” and “Store Credit Cards.”
The first year of LBU, 200 students were reached. The following
year, the number was increased to 1,200. Some teachers’
comments follow.
“The presentation that the employees of Legence Bank give to
our high-school seniors has a large impact on their financial
futures. The demo that is shown to the class on how easy it
is to take care of their finances through the bank’s website
is a valuable lesson. Establishing communication between
a bank and a young adult removes many barriers that might
exist because of fear of the unkown or perhaps prior examples
set by family members. Many students have visited Legence
Bank after hearing the presentation in class, and several have
opened new accounts.”
Teresa Boulds, Eldorado High School
services to premier examples of corporate citizenship. The 2014
nomination form for the award will be sent in January. Please
consider your bank’s suite of unique services and philanthropic/
civic efforts.
In 2013, Galena State Bank & Trust Company received
an Honorable Mention for its Pink Ribbon Debit Card Program
which benefits the fight against breast cancer.
“As a junior-high math teacher, it is my honor to recognize
Legence Bank for its willingness to come and educate my
eighth-grade math students about financial stewardship.
Providing a curriculum designed to teach students how
to balance a checkbook, write checks, properly use a debit
card, utilize online banking options, etc. serves as a valuable
foundation for teaching life-application skills related to
banking. This prepares students for the advanced skills to be
taught in high school.”
Jeffrey Herrmann, Gallatin County School
“Your discussion and activities were on their knowledge level
and very interesting to them. I personally feel that it is very
important for students to learn how to save money. You did a
great job making a fun lesson with such an important topic.”
Blair Henson, First-Grade Teacher
at Eldorado Elementary
CBAI in conjunction with accounting firm BKD llp have
presented the BKD Award for Excellence and Innovation each
year since 1999. The purpose of the award is to recognize a highperforming, CBAI-member bank that demonstrates commitment
to its employees, customers, shareholders, and/or community
through exceptional programming. The BKD Award recognizes
banks that go beyond the ordinary, from innovative customer
Banknotes
+ January 2014
9
2014 CBAI Leadership
BOARDS OF DIRECTORS OF CBAI AFFILIATED ORGANIZATIONS —
on page four of Banknotes appears the names of those bankers who serve on
the CBAI board of directors. Here is a listing of the members of the affiliated
boards of directors and CBAI standing committees for 2013-14. Their time,
consideration, and thoughtful participation are most appreciated.
COMMUNITY BANCSERVICE CORPORATION
CBAI FOUNDATION FOR COMMUNITY BANKING
Board of Directors
Board of Directors
Todd Grayson, Chairman, South Central Bank, N.A., Chicago
Gregg Roegge, Treasurer, Rushville State Bank
Ray Altmix, Bank of Marion
Scott Arnold, Durand State Bank
Steve Backlund, Better Banks, Peoria
Kevin Beckemeyer, Legence Bank, Eldorado
Burnel Beckman, First National Bank of Dieterich
Drew Black, Princeville State Bank
Jeff Bonnett, Havana National Bank
Sheila Burcham, Community Trust Bank, Irvington
Patty Clarke, First National Bank of Raymond
Will Coolley, Longview Capital Corporation, Newman
Shawn Davis, CNB Bank & Trust, N.A., Carlinville
Jim Dingman, BankORION
John Dorsey, First National Bank of Staunton (Maryville)
Ray Duncan, Hardware State Bank, Lovington
Larry Franklin, CNB Bank & Trust, N.A., Alton
Chris Gavin, Midwest Bank of Western Illinois, Monmouth
Chris Gordon, Franklin Bank
Rick Jameson, Morton Community Bank
Mike Kelley, CBSC, Springfield
Joe Leenerts, Herrin Security Bank
Chad Martin, Goodfield State Bank
David Pirsein, First National Bank in Pinckneyville
Jim Potts, National Bank of Petersburg
Gerry Reed, First National Bank of Brownstown
Brad Rench, First Mid-Illinois Bank & Trust, N.A.,
Mattoon (Highland)
Jeff Rolczynski, American Midwest Bank, Sycamore
Alan Stremlau, Illini State Bank, Oglesby (Tonica)
David Ward, North Central Bank, Hennepin
Jim Weast, Warren-Boynton State Bank, New Berlin
Bob Wingert, CBAI, Springfield
Bill Wubben, Apple River State Bank
Rick Hiatt, Foundation Chairman, Morton Community Bank
Patty Clarke, Vice Chairman, First National Bank of Raymond
Phil Lehmann, Vice Chairman, Harvard State Bank
Kim McKee, North Central Bank, Hennepin (Ladd)
Greg Richardson, Treasurer, Fairfield National Bank
Gregg Roegge, Rushville State Bank
Jeff Rolczynski, American Midwest Bank, Sycamore
Sam Scott, Secretary, Scott State Bank, Bethany
Bob Wingert (ex officio), CBAI, Springfield
Banknotes
CBAI CAREER DEVELOPMENT DIVISION
Board of Directors
Kim McKee, CDD Chairman, North Central Bank,
Hennepin (Ladd)
Ryan Beckemeyer, Legence Bank, Eldorado
Joe Conroy, CCL*, First Farmers State Bank, Minier
Tracy Downs, German-American State Bank, German Valley
Ben Drebes, Farmers National Bank, Griggsville
Kristen Eustis, First Federal Savings Bank, Ottawa
Dax Garrison, Community Trust Bank, Irvington
Karrie Herzog, CDD Secretary/Treasurer, Shelby County
State Bank, Shelbyville
Julie Jordal, American Midwest Bank, Sycamore
Amy Logsdon, National Bank of Petersburg
Carla Nicholson, Flora Bank & Trust
Clint Squier, First Community Bank and Trust, Beecher
* CCL Stands for Certified Community Lender —
a designation created to professionalize
the position of a community-bank lender
WOULD YOU LIKE TO BE MORE INVOLVED
IN CBAI AS A BANKER VOLUNTEER?
Contact Andrea Cusick at 800/736-2224
or cbaicom@cbai.com and let us know
you would like to participate!
AFFILIATED ORGANIZATIONS
AGRICULTURE COMMITTEE
Kevin Beckemeyer, Chairman, Legence Bank, Eldorado
Richard Anderson, Anderson State Bank, Oneida
Joe Conroy, CCL, First Farmers State Bank, Minier
Blain Cornwell, First National Bank in Taylorville
Mike Estes, Fisher National Bank
Todd Grayson, South Central Bank, N.A., Chicago
Robert Heckler, Shelby County State Bank, Shelbyville
Dennis Hesker, First National Bank of Okawville
Mark Lawver, Table Grove State Bank
John Marshall, Bank of Pontiac
Tony McLain, Gifford State Bank
Rob Murray, Citizens State Bank of Milford
Gerry Reed, First National Bank of Brownstown
David Rennegarbe, First National Bank of Okawville
Kent Siltman, Citizens First State Bank of Walnut
Doug Smith, Farmers National Bank of Griggsville
Eric Stalter, Fisher National Bank
Robert Sullivan, Oak Bank, Chicago
John Williams, Jacksonville Savings Bank
AUDIT COMMITTEE
Bill Wubben, Chairman, Apple River State Bank
+ January 2014
11
COMMUNICATIONS COMMITTEE
LEGISLATION & REGULATION COMMITTEE
Jeff Rolczynski, Chairman, American Midwest Bank,
Sycamore
Debbie Devers, Capaha Bank, S.B., Tamms
(Cape Girardeau, MO)
Laura Elam, Morton Community Bank
Jolleen Montgomery, BankORION
Nichelle Nichols-Humphrey, State Bank of Toulon
Hanna O’Brien, CNB Bank & Trust, N.A., Carlinville
Delmar Sandage, Buena Vista National Bank,
Chester (Decatur)
Angela Truluck, First National Bank of Steeleville
Todd Grayson, Chairman, South Central Bank, N.A.,
Chicago
Frank Appleby Jr., Peoples’ Bank of Arlington Heights
Jim Ashworth, CNB Bank & Trust, N.A., Carlinville
Joy French Becker, Farmers State Bank & Trust Co.,
Jacksonville
Mike Breisch, Mazon State Bank
Frank Cerrone, Pan American Bank, Chicago
Betty Chow, Pacific Global Bank, Chicago
Joe Dively, First Mid-Illinois Bank & Trust, N.A., Mattoon
John Dorsey, First National Bank of Staunton
Timothy Dosch, First Neighbor Bank, Toledo (Mattoon)
Keith Douglass, Tompkins State Bank, Avon (Galesburg)
Douglas Dove, Shelby County State Bank, Shelbyville
Tracy Downs, German-American State Bank, German Valley
Mark Field, Farmers Bank of Liberty
Dan Graham, Flora Bank & Trust
Dennis Guthrie, Illini Bank, Springfield
Dan Koenigstein, First National Bank of Dieterich
(Belleville)
Jason Knoedler, Bank of Springfield
Steve Koehn, First Community Bank & Trust, Beecher
Tony Liberatore, Illini Corp., Springfield
Chris Phelps, State Bank of Niantic
Rick Remijas Jr., Park Federal Savings Bank, Chicago
Ken Scott, Preferred Bank, Casey
Kent Siltman, Citizens First State Bank of Walnut
Preston Smith, First National Bank, Mattoon
Bill Smith, HomeStar Bank and Financial Services, Manteno
Mark Spehr, First Community Bank, Elgin
Hank Stephens, First National Bank of Dieterich
Jeff Sterling, German-American State Bank,
German Valley (Pecatonica)
Mary Sulser, Buena Vista National Bank, Chester
Steve Swinney, State Bank of Whittington, Benton
Susan Volkert, Bank of Montgomery
EDUCATION COMMITTEE
Tom Marantz, Chairman, Bank of Springfield
Dale Boyer, Arcola First Bank
Beth Cotner, Scott State Bank, Bethany
Don Dinges, Farmers State Bank of Sublette
Maria Eckert, First Bankers Trust Co., N.A., Quincy
Julie Eilers, Spring Valley City Bank
Shari Ferry, First National Bank in Staunton
Deanna Froneyberger, Community First Bank of the
Heartland, Mt. Vernon
Kelly Green, Herrin Security Bank
Scott Hedden, Heritage Bank of Central Illinois, Trivoli
Gwyn Helton, Shelby County State Bank, Shelbyville
Julie Jordal, American Midwest Bank, Sycamore
Rick Klinedinst, MidAmerica National Bank, Canton
Janice Lampe, Morton Community Bank (Toluca)
Angela Lampley, Bank of Herrin
Rebecca Lowrance, CNB Bank & Trust, N.A., Carlinville
Lloyd Murphy, Tuscola National Bank
Erin Pinter, Spring Valley City Bank
Mike Renner, Bank of Yates City
Doug Smith, Farmers National Bank, Griggsville
Amy Thiede, CCL, Prairie Community Bank, Marengo
FINANCE COMMITTEE
Gregg Roegge, Chairman, Rushville State Bank
Mary Sulser, Buena Vista National Bank, Chester
12
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+
MEMBERSHIP COMMITTEE
David Pirsein, Chairman, First National Bank in
Pinckneyville
John Dosier, First Southern Bank, Carbondale
Jeff Hammes, Peoples Bank of Kankakee County,
Bourbonnais
David Loundy, Devon Bank, Chicago
Mike Mahair, State Street Bank & Trust Co., Quincy
Eric McRae, First Mid-Illinois Bank & Trust, N.A.,
Mattoon (Decatur)
Dianna Torman, Prairie Community Bank, Marengo
PENSION COMMITTEE
Bill Wubben, Chairman, Apple River State Bank
Rick Hiatt, Morton Community Bank
Ron Minnaert, State Bank of Graymont
SPECIAL EVENTS COMMITTEE
Tony Sisto, Chairman, STC Capital Bank, St. Charles
Jeff Bonnett, Havana National Bank
Shawn Davis, CNB Bank & Trust, N.A., Carlinville
Dan Graham, Flora Bank & Trust
Cindy Martin, Lena State Bank
Doug Parrott, State Bank of Toulon
Lori Pieper, Community State Bank, Galva
David Stanton, PeopleFirst Bank, Joliet
Pam Turner, Citizens First State Bank, Walnut
Brian Ury, First National Bank in Staunton
Julie Welborn, Fisher National Bank
STRATEGIC PLANNING COMMITTEE
The Strategic Planning Committee consists of all
members of the CBAI and CBSC Boards of Directors,
plus the following past chairmen of CBAI:
Jim Ashworth, CNB Bank & Trust, N.A., Carlinville
Jim Caspary, First Trust & Savings Bank, Watseka
David Combs, First National Bank in Taylorville
Gary Edwards, State Bank of Lima
Jim Ghiglieri, SHAZAM®, Toluca
Gerry Johnson, First National Bank, Grand Ridge
Roger Lehmann, Harvard State Bank
Art Murray, Citizens State Bank of Milford
Fred Paige, Farmers State Bank, Elmwood
Paul Pogue, North Adams State Bank, Ursa
Sam Scott, Scott State Bank, Bethany
Jim Shafer, First National Bank in Tremont
Kent Siltman, Citizens First State Bank, Walnut
Ed Williams, Bank of Lawrence County, Bridgeport
Jim Winningham, State Bank of Arthur
Banknotes
TECHNOLOGY COMMITTEE
Rick Jameson, Chairman, Morton Community Bank
Burnel Beckman, First National Bank of Dieterich
Rick Catt, First Robinson Savings Bank, N.A., Robinson
Tanya Cowan, Buena Vista National Bank, Chester
Tod Eastman, HomeStar Bank, Manteno
Dan Fischer, Better Banks, Bartonville
Ron Hallam, Fairfield National Bank
John Hampson, American Enterprise Bank, Buffalo Grove
Ed Heck, First National Bank of Nokomis
Ryan Heiser, Fisher National Bank
Matt High, Citizens State Bank of Milford
Joe Leenerts, Herrin Security Bank
Sarah O’Brien, American Midwest Bank, Sycamore
Joe Peterson, Morton Community Bank
Jake Pietkiewicz, First National Bank in Paxton
Don Roch, Havana National Bank
Phil Smith, Harvard State Bank
Matt Turley, CNB Bank & Trust, N.A., Carlinville
Loren Follmer, Tompkins State Bank, Avon
Lynette Goldsmith, West Central Bank, Ashland
Wendy Hoekstra, First Community Bank, Beecher
Teresa Lovekamp, Midland Community Bank,
Kincaid (Taylorville)
Rick McGuigan, Community Bankers of Wisconsin
Runay Olson, ICBA, Sauk Centre, MN
Erin Pinter, CCL, Spring Valley City Bank
Terry Prosise, Community First Bank of the Heartland,
Mt. Vernon
Veronica Schmitt, First State Bank, Mendota
Mary Smid, Henry State Bank
Jodi Swilley, Community Bankers Association of Georgia
EDUCATION AUDITING SUBCOMMITTEE
Lisa Frerking, Chairman, Citizens Community Bank, Freeburg
Audrey Brueggeman, Farmers & Merchants National
Bank, Nashville
Patricia Whitehurst, National Bank of Petersburg
EDUCATION MARKETING SUBCOMMITTEE
Maria Eckert, Chairman, First Bankers Trust Company,
N.A., Quincy
Erin Dahms, State Bank, Freeport
Debbie Devers, Capaha Bank, s.b., Tamms
Dena McDonald, First Farmers State Bank, Minier
(Bloomington)
Kim McKee, North Central Bank, Hennepin (Ladd)
Ann Scholtes, Bank of Pontiac
Angela Truluck, First National Bank of Steeleville
Arla Wesson, Legence Bank, Eldorado
WOMEN IN BANKING SUBCOMMITTEE
Beth Cotner, Chairman, Scott State Bank, Bethany
Kate Alsup, West Central Bank, Ashland (Springfield)
Jennifer Beard, Farmers State Bank, Elmwood
Suzy Perino, Sauk Valley Bank, Sterling (Rock Falls)
Erin Pinter, CCL, Spring Valley City Bank
Sally Quinn, Security Bank, s.b., Springfield
AG LENDERS’ CONFERENCE SUBCOMMITTEE
Doug Smith, Chairman, Farmers National Bank, Griggsville
Jennifer Beard, Farmers State Bank, Elmwood
Kerry Hoops, CCL, German-American State Bank,
German Valley
Alan Hoskins, Legence Bank, Eldorado
Ron Rinkenberger, State Bank of Toulon
CHICAGO-AREA EDUCATION SUBCOMMITTEE
Amy Thiede, CCL, Chairman, Prairie Community Bank,
Marengo
Ron Cerutti, Jr., American Midwest Bank, Sycamore
Kathy Hardy, Leaders Bank, Oak Brook
Jeanne Lewis, Glenview State Bank
David Loundy, Devon Bank, Chicago
Susan Mead, Lisle Savings Bank
COMMUNITY BANKERS
SCHOOL SUBCOMMITTEE
Lisa Julie Eilers, Chairman, Spring Valley City Bank
Kate Alsup, West Central Bank, Ashland (Springfield)
Jaci Billingsley, West Central Bank, Ashland
Jennifer Bitter, First National Bank, Litchfield
Leann Clark, State Bank of Davis
Travis Cooley, Farmers Bank of Liberty
Nicole Dilbeck, State Bank of Blue Mound
JoAnna Engels, North Central Bank, Hennepin (Ladd)
Banknotes
+ January 2014
13
Four Ways to
Mitigate Risk in Banking
Mary Ellen Biery, Research Specialist, Sageworks, Raleigh, NC
B
ankers in today’s environment face a number of
challenges, including deciphering and complying
with ongoing regulatory changes, developing and
conducting adequate stress-testing methods and justifying
or defending changes in their allowance reserves.
But bankers can do many things to mitigate risk in those
areas, according to several industry experts participating in
the Second Annual Sageworks Risk Management Summit
last month. Here are four pieces of advice:
1. Document the rationale for loan upgrades.
Linda Keith CPA, whose firm trains business lenders in
credit analysis, says bankers should be careful to document
the thinking behind their judgment that a loan should
be upgraded for purposes of the allowance for loan and
lease losses (ALLL). “It’s important to eliminate regulator
guesswork,” she says. It’s also important, she says, for
financial institutions to verify that guidelines for analyzing
a potential upgrade are “clear, clearly communicated to, and
consistently followed.” Keith helped lead a presentation on
deciding and defending upgraded loans for the ALLL at the
December 5-6 summit.
2. Don’t be afraid to uncover vulnerabilities.
RMPI Consulting partner Jay Gallo, who discussed
“Integrating Risk Appetite, Stress Testing and Capital
Planning,” says stress testing is positive in that it enables
financial institutions to gauge their potential vulnerability
to exceptional but plausible adverse events. “Stress testing
should assess and quantify your institution’s vulnerabilities
under multiple unfavorable scenarios,” he says. “Once the
potential downside is understood, you can take steps to
reduce or mitigate those risks, or you can ensure you have
sufficient capital to manage those risks.”
institutions looking to prepare and manage stress-test forecasts
need to know three key things:
• The institution’s portfolio
• The scenarios and their impact on the bank’s
capital and liquidity
• The forecasts including what they show and why.
Gregory and Keever’s presentation also outlined three lines of
defense all institutions need for stress-test production.
4. Set deadlines. “To make the year-end ALLL as efficient
as possible, it is best to get as much work done as possible prior
to year end,” says Mike Lubansky, director of consulting services
at Sageworks. To do that, financial institutions should set hard
deadlines for:
• Risk-rating changes
• Charge-offs
• Updating the core system to reflect the risk-rating changes
• Determining the loans that need to be reviewed for
impairment (FAS 114/ ASC 310) and
• Updating the data on the impairment analyses
(appraisal values and selling costs, or cash flows).
Industry experts also participated in a panel discussion on
year-end ALLL calculations at the Summit. n
About Sageworks – Raleigh, N.C.-based Sageworks is a
financial information company that provides risk-management
solutions to financial institutions. It is a CBSC preferred service
provider and was named CBAI Vendor of the Year in 2009.
About the Author – Mary Ellen Biery is a research specialist at
Sageworks, where she produces content for the company’s blogs
and websites, the “Sageworks Stats” blog on Forbes.com, and
other outlets. She is a veteran financial reporter whose works have
appeared in The Wall Street Journal and on Dow Jones Newswires,
CNN.com, MarketWatch.com, CNBC.com, and other sites. Biery
can be reached at: Maryellen.biery@sageworks.com.
3. Develop a successful stress-testing framework
with three “knows.” Jack Gregory and Dave Keever, senior
stress testing and credit experts for Crowe Horwath, say financial
Banknotes
+ January 2014
15
16
www.cbai.com
+
Top left – Keynote speaker Kelly Swanson
inspires the audience with her enthusiasm,
humor and thought-provoking stories.
Top right – Elaine Hand’s interactive session
gets attendees up and moving.
Bottom left – Jean McMaster of Welch
Systems speaks with Crystal Baylor and
Angie Hobbs of Fisher National Bank
during the mini-expo.
Bottom right – Participants enjoy an uplifting
session at the conference.
CBAI’s 7 th Annual
Women in Community Banking
Conference Inspires Attendees
O
n November 19, CBAI held its seventh annual Women
in Community Banking Conference at the Crowne
Plaza in Springfield. Participants from all areas of
banking throughout Illinois benefitted from expert speakers,
pertinent and informative topics, peer networking and a miniexpo. This one-day conference was developed by a committee of
female community-bank professionals who shaped the agenda
to address top concerns facing women professionals, as well as
pertinent banking issues for community banks. This conference
helped participants restore their passion for work and home
and find a renewed sense of purpose. Attendees also learned
how to set themselves apart from the competition, motivate
themselves to deal with stress and change, form stronger teams,
embrace change, inspire accountability and more! An address
from CBAI Chairman Bill Wubben also highlighted the day.
The conference was kicked off by Kelly Swanson, High
Point, NC, with her session entitled “Who Hijacked My Fairy
Tale,” followed by an interactive session with Elaine Hand of
Innerview, Inc., entitled “Change Is Good – You Go First.”
Theresa Lovekamp, Midland Community Bank,
Kincaid, agreed, saying “Kelly Swanson was entertaining and
kept my attention. Elaine Hand was thought-provoking, and I
enjoyed her presentation. I really enjoyed myself and hope to be
able to attend next year!”
Closing out the morning’s education was a Consumer Financial
Protection Bureau (CFPB) Update with Robin Loftus, who
served as the chair of the CFPB’s Community Bank Advisory
Council during 2012 and 2013 and is a Past Chairman of CBAI.
After a networking lunch where participants were seated by
area of banking, CBAI Chairman Bill Wubben, president
of Apple River State Bank, provided an update on the
association, the future of community banking, and opportunities
to become more involved with CBAI.
Participants then heard from Julia Johnson of Wipfli LLP
on “Accountability and Emotional Intelligence.” Her program
explored the concepts and skills associated with emotional
intelligence, influence, and accountability and examined ways
to increase staff accountability.
“Kelly was wonderful! Very engaging!” said Jodi Banker, Security
Bank, s.b., Springfield. “I could have listened to her all day!”
Banknotes
+ January 2014
17
“Julia is a very good speaker,” said Amy Logsdon, National
Bank of Petersburg. “She provided very interesting and
intelligent information.”
Closing out the conference was a session called, “Stand Up and
Stick Out in a Crowded Market – Because Nobody Notices
Normal,” with Swanson. A mini-exposition featuring the latest
in products and services designed for community banks also
highlighted the day.
“I loved Kelly Swanson – she was very inspirational!” said Joan
Honeycutt, Farmers State Bank of Danforth. “This was one
program where I looked forward to the last speaker of the day
instead of thinking of reasons to leave early.”
An evening social activity was also offered the night before the
conference which included dinner, drinks and dessert at the
Rosewood Dining Room at the Crowne Plaza. The well-received
event provided participants with opportunities to network with
female community bankers from across the state.
Women in Community Banking SUBCommittee
•*Chairperson Erin Pinter CCL, Spring Valley City Bank
•Kate Alsup, State Bank of Ashland (Springfield)
•*Jennifer Beard, Farmers State Bank of Elmwood
•*Beth Cotner, Scott State Bank, Bethany
•*Amy Logsdon, State Bank of Petersburg
•Suzy Perino, Sauk Valley Bank, Sterling (Rock Falls)
•Sally Quinn, Security Bank, s.b., Springfield n
*denotes member of CBAI Career Development Division
Christie Schmidt, Spring Valley City Bank, agreed saying
“Each speaker was so enthusiastic, and their enthusiasm came
from overall knowledge and passion for what they do. I really
enjoyed this seminar and would definitely be interested in others
sponsored by CBAI.”
Exhibiting Firms
BOS Financial Services
3400 West Wabash Avenue
Springfield, IL 62711
401(k) Services
Stephen Raupp
217/529-5555
CBAI Foundation
for Community Banking
901 Community Drive
Endows the Association’s
Annual Scholarships for HighSchool Seniors, the Children
and Grandchildren of
Community Bankers, and
Member Banks’ Employees
Andrea Cusick
217/529-2265 — 800/736-2224
(in Illinois)
Community
BancService Corporation
901 Community Drive
Access to Top-Quality
Products and Services
Mike Duke
217/529-2265 — 800/736-2224
(in Illinois)
18
www.cbai.com
+
Harland Clarke
23-126 Lake Carroll Boulevard
Lake Carroll, IL 61046
CBSC Preferred Provider
of Check Printing, Direct
Marketing & MCIF
Diane Schipkowski
815/493-8763
Innerview, Inc.
17022 Hoover Road
Sterling, IL 61081
HR Consulting –
Leadership Development
Elaine Hand
815/499-9181
iZale Financial Group
1901 North Roselle Road
Suite #800
Schaumburg, IL 60195
BOLI, Executive Benefits
Phil Aderton
630/561-9071
Welch Systems, Inc.
7206 North Terra Vista Drive
Peoria, IL 61614
CBSC Preferred Provider of
Talaris Cash Solutions Banking
Equipment, ATMs, Banking
Supplies, & Maintenance
Jean McMaster
800/322-2657
Banknotes
me
Interest Rate Risk:
A Priority for 2014
Jeffrey F. Caughron, Associate Partner, The Baker Group LP, Oklahoma City, OK
The Banking Environment:
As we move into a new year, the U.S. economy continues
to plod along at a slow and steady pace. Things are getting
better, but we’re still far from where we were before the
“Great Recession” began. Meanwhile, the banking landscape
has improved markedly as earnings clocked 16 consecutive
quarters of year-over-year increase. Returns-on-assets remain
below pre-recession levels, but they’re higher than a year ago
and comfortably above one percent. Much of the improved
performance comes from healthier asset quality. Loan losses
have declined to levels not seen since 2007, and provisions
have fallen nearly forty percent. All of this is good news, but
make no mistake; banks face a multitude of challenges ahead.
Spotlight on Interest Rate Risk:
Not the least of these challenges is that of potential interest
rate risk (IRR). Regulatory agencies have once again elevated
IRR as a focal point for examiners, as evidence suggests
that many financial institutions are taking on higher levels
of interest rate risk. Balance sheets have changed noticeably
in recent years as loan demand has been weak and shortterm rates have hugged historic lows. This could leave them
significantly exposed to a sustained increase in interest rates.
In October, the FDIC released an FIL on Sensitivity to
Market Risk. Simultaneously, the OCC conducted a webinar
to address the IRR issues they thought most important. There
20
www.cbai.com
+
is a consensus among regulators that the essential risk for
banks stems from long-term (or high-duration) assets funded
by non-maturity deposits that have surged into bank balance
sheets in the wake of the Great Recession. The influx of
“surge deposits” has regulators concerned about the potential
for fast rising interest expense from rate sensitive liabilities.
At the same time, asset values could come under greater
pressure than in past rate cycles because effective durations
are relatively high. The price risk of some investment
portfolios has increased significantly in the past few years due
to lengthened maturities, options risk, and declining yields.
Management Tools:
The regulatory concerns should cause bank managers to
ponder several questions about the reporting tools that they
have at their disposal:
1.Do we have reports that project securities depreciation
relative to capital in a rising rate environment?
2.Does our IRR model shock the fair value of regulatory and
risk-based capital ratios as well simple equity capital?
3.Do we have a way to model faster re-pricing liabilities
relative to earning assets?
4.Are “floors” on loans modeled properly in our IRR system?
5.Do we have reports that show how our balance-sheet
liquidity is affected by rising interest rates?
6.What if we just want to look at securities cash flow?
Banknotes
Risk-management decision-making depends on thorough and
meaningful data in a useable report format. The five questions
above are good ones to consider when assessing the adequacy
of an IRR reporting system.
reviews should ensure that floors on loans are being modeled
properly. The dynamics of balance-sheet cash flows should be
reported and reviewed, and investment cash-flow projections
tracked for different rate environments.
Risk, Capital, and Stress Tests:
It makes good sense to measure and monitor the relationship
between unrealized losses and capital. And this extends to
various measures of capital itself. For example, if we apply
the mark-to-mark adjustment for securities to risk-based
capital measures, we can more closely capture a total picture
of the bank’s relative risk. All else being equal, a bank that
makes relatively few loans can sometimes justify a higher
level of interest rate risk than a bank with a high loan/deposit
ratio. Similarly, well-capitalized banks with pristine asset
quality can tolerate more interest rate risk than those with
high “Texas Ratios.”
Banks have again been given a “heads up” from examiners on
interest rate risk. With proper reporting tools, good policies, and
sound processes, the regulatory challenge can be met and the
potential risks managed for a smooth and profitable 2014. n
Institutions should run stress tests on assumptions for nonmaturity deposits in IRR models to identify exposure to rising
rates and higher interest expense. Back tests and assumptions
Banknotes
THE BAKER GROUP is a preferred service provider
of Community BancService Corporation (CBSC).
For more information, contact Jeffery Caughron at
THE BAKER GROUP: 800/937-2257, www.GoBaker.com,
or email: jcaughron@GoBaker.com.
*THE BAKER GROUP LP is the sole authorized distributor
for the products and services developed and provided by
THE BAKER GROUP SOFTWARE SOLUTIONS, INC.
+ January 2014
21
BANKERS’ PRIVATE CLOUD
CLOUD-BASED I.T. SERVICES FOR COMMUNITY BANKS
Charles Cheatham, SVP & General Counsel, BankOnIT, Oklahoma City, OK
BankOnIT has created a unique cloud-based I.T. solution for
community banks: the Bankers Private Cloud™. This service
combines security and other unique characteristics of a private
cloud with the capabilities and efficiencies of a public cloud.
Two types of cloud computing are generally available—public
and private. A public cloud is designed for the general public.
Data is stored remotely and accessed through the Internet
with a username and password. The public cloud provides
immense economies of scale because costs can be spread
over a large numbers of users. However, banks have certain
requirements—such as privacy laws, internal controls,
regulatory oversight, disaster recovery and location where
data is stored—that make the public cloud unacceptable.
A private cloud usually involves only one company. It
provides more security than a public cloud, and permits
unique applications and controls that serve the entity’s needs. The top ten largest banks in the U.S. use the private cloud
approach to provide specialized capabilities throughout
their vast branching networks. But a community bank lacks
necessary scale to create and maintain its own private cloud
with features like these megabanks enjoy. BankOnIT solved
this problem by creating a private cloud that offers banks the
efficiencies and capabilities gained from use of a public cloud,
with the security and unique features of a private cloud.
“BankOnIT understands the financial industry’s requirements—
security, reliability, scalability and regulatory compliance—
and brings them together in one complete solution for a
bank’s I.T. network,” said Robert Mendez, EVP of BankOnIT.
Mendez, a former banker who was one of the firm’s first
clients, added, “The staff at BankOnIT includes not only
Banknotes
technical experts, but also former bankers and a banking
attorney, to help keep bankers competitive in today’s rapidly
changing technical and regulatory environment.”
Mendez noted, “We continue to earn the business of bankers
across the country because we understand the unique needs
of the banking industry. We specially designed the Bankers
Private Cloud™ to meet those needs. Bankers have enough
to worry about. They don’t need to struggle with changing
technology and the resulting regulatory issues. We make
it easier for bankers to focus on running their banks and
spending more time with their customers.”
In a recent speech about cyberattacks on banks, Thomas
Curry, U.S. Comptroller of the Currency, stated, “How does
an institution know whether its defenses are sufficient?...
The fact is that cyberattackers need only limited resources
to trigger significant costs for these institutions.” He
emphasized, “[W]e’re devoting more resources to
cybersecurity—at all of our institutions, but especially at
community banks and thrifts.” n
About BankOnIT
BankOnIT is a preferred service provider of Community
BancService Corporation (CBSC). Headquartered in Oklahoma
City, BankOnIT offers a cloud-based I.T. solution that meets the
unique needs of community banks. BankOnIT’s resources help a
community bank to meet its goals while reducing risk, increasing
capabilities, controlling costs and improving regulatory compliance.
Visit BankOnIT’s webpage at www.bankonitusa.com. Contact
Robert Mendez, EVP, for more information at 800/498-8877
or by e-mail at rmendez@bankonitusa.com.
+ January 2014
27
So, You’re Thinking about
Brokering
Mortgage Loans
Tim Tedrick, CRCM, CRP, Partner, WIPFLi, Sterling, IL
M
any financial institutions have already become
brokers of mortgage loans rather than or in
addition to being direct lenders. Some financial
institutions might be considering a change to a broker model
in light of the mortgage changes coming in January 2014.
There are different methods and workflows for brokering
loans. A financial institution can be a “pure” broker by
limiting its involvement to obtaining applications, issuing
early disclosures, and funneling the applications to a
creditor/lender/investor that underwrites the loans, prepares
all the closing documents, and closes the loans in the name
of the investor with the investor’s money. Alternatively, the
application is sent to the investor that makes the credit
decision, but the loan closes in the financial institution’s
name with the financial institution’s money, and the loan is
sold to the investor a few days or weeks later. There are other
variations, but even slight modifications in the process can
impact the regulatory demands.
Home Mortgage Disclosure Act (HMDA)
If you are not an HMDA reporter, you can skip this section.
If you are an HMDA reporter, it is important when engaging
in a broker relationship to make it clear which party will be
making the credit decision and document that in the contract
with the investor.
For examiners, if the loan package is sent to the investor
prior to closing, then the investor is making the credit
decision, and the application must go on the investor’s LAR.
According to Appendix D of Regulation C, if the broker
makes the decision based on the investor’s underwriting
criteria, the broker reports the loan. Another way it might
play out is to assume that, prior to closing, four investors
Banknotes
receive the same application from a broker; two deny it, one
approves it, and one approves it and acquires the loan. In
this circumstance, the first two report denials, the third
reports the transaction as approved but not accepted, and
the fourth reports an origination (whether the loan closes in
the name of the broker or the investor). If the broker denies
a loan before sending it to an investor; the broker reports a
denial. So it is important to know who is making the decision
to avoid double reporting or not reporting a loan application.
Regulation X
A good faith estimate (GFE) must be provided within
three business days of the broker receiving the six pieces
of information that make up an application. The lender is
responsible for ascertaining whether the GFE has been
provided. If the broker is closing the loan in its own name
with its own funds, then the sale of the loan to the lender
is considered a true secondary market transaction and the
profit from the sale is not reflected in the GFE. If the loan is
closing in the lender’s name or is table funded by the lender
to close in the broker’s name, the money paid by the lender
to the broker is disclosed on the GFE as a negative number
in Line 2 of the GFE. The amount shown on Line 1 is equal
to the net amount charged to the consumer plus the amount
paid to the broker. Line A is the net amount charged to the
borrower. The handling of the gross and net is the same on
the HUD-1, with the gross amount shown on Line 801, the
broker fee shown as a negative number on Line 802, and the
net number on Line 803. It might seem odd, but that is the
way HUD wrote the instructions.
If the loan is not closing in the broker’s name with the
broker’s money, then the broker cannot be paid without
violating Section 8 referral fee rules unless the broker earns
+ January 2014
29
the payment. In a 1999 policy statement, HUD laid out
the minimum standards that, after taking the application, a
broker must perform at least five additional services from
this list, one of which must be a non-counseling service.
• Analyzing the borrower’s income and debt
• Educating the borrower on the home
buying and financing process
• Collecting financial information
• Ordering verifications of employment and of deposits*
• Ordering mortgage and loan verifications*
• Ordering appraisals*
• Ordering inspections or engineering reports*
• Providing various required disclosures*
• Counseling the borrower concerning credit problems
• Maintaining contact with the various parties to the process
• Ordering legal documents*
• Determining flood zone coverage*
• Participating in the loan closing*
*Non-counseling service
Parts of the list might not be useful any longer because of
changes in the loan origination process and restrictions on
appraisal orders.
Regulation Z
Fees charged by a broker, including fees paid by the consumer
directly to the broker or to the creditor for delivery to the
broker, are finance charges even if the creditor does not require
the consumer to use a broker and even if the creditor does
not retain any portion of the charge. Creditors sometimes
compensate mortgage brokers under a separate arrangement
with those parties. Creditors may draw on amounts paid by
the consumer, such as points or closing costs, to fund their
payment to the broker. Compensation paid by a creditor to
a broker under an agreement is not included as a separate
component of a consumer’s total finance charge, although
this compensation may be reflected in the finance charge if it
comes from amounts paid by the consumer to the creditor that
are finance charges.
When a loan closes in an investor’s name or is table funded by
the investor, the investor is the creditor, and the broker is an
originator. The amount paid to the broker cannot vary based on
the terms and conditions of the loan. When the loan closes in
the originator’s name with the originator’s money, the originator
and the creditor are the same entity, and the sale of the loan
to the investor is a secondary market transaction not subject to
the loan originator compensation restrictions.
There are anti-steering rules to be concerned about for
originators using multiple investors. There is a safe harbor
provision to protect against allegations of steering if the
originator obtains loan options from at least three creditors
with which the originator regularly does business and presents
the consumer with loan options that include:
• The loan with the lowest rate.
• The loan with the lowest total dollar amount for
origination points or fees and discount points.
• The loan with the lowest rate without negative
amortization, a prepayment penalty, interest-only
payments, a balloon payment in the first seven years, a
demand feature, shared equity, or shared appreciation.
It makes sense for some financial institutions to become only
brokers/originators, for some financial institutions to become
investors/creditors for other financial institutions in addition
to originating loans for which they are also the creditor, and
for some financial institutions to remain creditors/originators
and not become investors or brokers. Whichever you choose,
understand the role you are playing and who does what
in the process and ensure your compliance pieces are in
place and that it is all documented clearly for regulators. If
embarking on a new venture, contact your regulator to obtain
their position on reporting requirements and other concerns
they might have. n
Tedrick can be reached at 800/486-3454 or Ttedrick@wipfli.com.
30
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+
Banknotes
Banknotes
January
MARCH
MAY
JULy
SEPTEMBER
NOVEMBER
Editorial Date –
December 9, 2013
Editorial Date –
February 7, 2014
Editorial Date –
April 7, 2014
Editorial Date –
June 9, 2014
Editorial Date –
August 8, 2014
Editorial Date –
October 8, 2014
Artwork Date –
December 13, 2013
Artwork Date –
February 14, 2014
Artwork Date –
April 11, 2014
Artwork Date –
June 13, 2014
Artwork Date –
August 15, 2014
Artwork Date –
October 17, 2014
REACHING 3,000+
With articles written by the financial services’ most authoritative
practitioners and consultants in the field, Banknotes covers a
broad range of subjects, including the following:
• Legislative and Legal Updates
• Growth Management
• Conventions and Educational
• Marketing and Branding
Seminars Notices
• Compliance and Regulatory Issues
• Technology
• Adding Value and Relevancy
to Client Services
• Communication Concerns
• Organizational Performance
• Leadership
and Operations Planning
• Risk Concerns and Assessments
• Finance Management
• Cash-Flow and Investment Portfolio Management
• Tax Considerations
• Compliance
Contact E&M Consulting, Inc. regarding Adver tising Sales
800.572.0011 // 217.391.3719 // chuck@emconsultinginc.com
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Left: Didi Drake, Bank of Chestnut, and Patricia Niendorf,
Goodfield State Bank, listen to the general session.
Below: Tracy Downs, German-American
State Bank, German Valley, requesting a song
during the fun and entertaining dueling piano show.
ChaiVay Chau and Jenny Beals, BKD llp, during
one of the popular and beneficial networking sessions.
General session speaker, Elaine Hand.
CDD Fall Meeting:
CDD
ANNUAL
SPRING
MEETING
March
18-19
Hilton Hotel,
Springfield
Featured
Speaker:
David Kemp,
Bankers
Management,
Inc.
Watch for
more details
on this exciting
program
32
“Lead Out Loud!”
N
early 70 members gathered for the 2013 Fall
Meeting of CBAI’s Career Development
Division (CDD) October 22 at the Peoria
Marriott Pere Marquette. The evening prior to
the meeting, CDD members participated in an interactive
and thoroughly entertaining networking social at the hotel.
The entertainment was “Coole 2 Duel,” a dueling piano show.
recruitment efforts were: Jennifer Beard, Farmers State
Bank, Elmwood; Karrie Herzog, Shelby County State
Bank, Shelbyville; Veronica Schmitt, First State Bank,
Mendota; and Beth Zappa, Buena Vista National Bank,
Chester. These individuals received a CDD logo insulated
mug with $10 inside for each new member they recruited
and are eligible for the overall recruitment prize of $100 cash.
This year’s Fall Meeting began with the popular networking
session. This session provided attendees the opportunity
to participate in roundtable discussions according to
their respective areas of banking. This was followed by a
Legislative Update by Kraig Lounsberry, CBAI senior
vice president of governmental relations. Elaine Hand
then presented her session entitled, “Lead Out Loud.”
The afternoon agenda also featured breakout sessions on
A/L Management, sales, compliance, elder abuse and other
important topic. A second networking session was then
conducted to allow participants an opportunity to exchange
ideas. Elaine Hand concluded this year’s Fall Meeting with a
continuation of the earlier general session. n
The Annual Business Meeting Luncheon featured an address
from CBAI Chairman Bill Wubben of Apple River
State Bank on the association along with Andrea Cusick,
CBAI senior vice president of communications, with
an update on CBAI’s Foundation for Community Banking
Capital Campaign. CDD’s current membership, financial
issues and convention activities were also reported. The
results of the membership campaign were also announced
during the luncheon. CDD members recognized for their
www.cbai.com
+
New CDD Members
Kristi Fessler, Farmers Bank of Liberty
Jeanie Glass, CNB Bank & Trust, N.A., Carlinville
Adam Parrott, Farmers State Bank, Elmwood
Landon Reutter, First Trust & Savings Bank, Watseka
Kyle Runge, First National Bank of Sparta
Joe Stouffer, First National Bank in Tremont
Denise Swanson, Prairie Community Bank, Marengo
Banknotes
Member Bank Partners in Co-Op
to Continue Offering Core System
W
aldorf Computer Systems
(WCS), of West Des
Moines,
IA,
a
corebanking system provider since 1977,
has entered into an agreement to
transition ownership of its core-banking
software product (BANCADO) to the
Community Bankers Cooperative (in
formation), a not-for-profit, memberowned and controlled cooperative.
Leonard Waldorf, president of WCS
and primary author of the software had
been evaluating various strategies to
ensure continuity for the program, and
had several offers to sell to competing
firms, but chose to work with the user
banks to protect their interests. “If we
had chosen to sell out to a competitor,
it would have supported our banks for
maybe a few years, and then forced
them to convert to other programs,”
said Waldorf. “Many of my banks have
been with me for decades, and are
more like family than customers, so it
made perfect sense to help them form a
cooperative and have some control over
the future of their program.” Waldorf
will stay actively involved and will work
with the co-op for the next several years
to ensure a smooth transition and for
training purposes.
One of the organizers of the cooperative
is Mark Field, president and chairman
of $88 million-asset The Farmers
Bank of Liberty in Illinois. “It is
Banknotes
time for small banks to band together
and share resources in the IT arena. By
owning our own core, our co-op banks
will not be at the mercy of their vendors
when it comes to fees and upgrades,”
Field said. “It is also our hope that each
of the member banks will open up and
communicate with each other to share
tips and strategies to help one another
through the vexing issues facing the IT
area, because not every bank can afford
a full-time IT staffer. We want to create
a ‘community’ of community banks to
help keep our costs down and keep us
all competitive.”
Chuck Goodwin, president of BSIEagle Computers in Gardendale, AL,
started selling the BANCADO product
in Alabama in 1983 after a successful
career
in
the
data-processing
department of a regional bank, and
already supports several of the banks
now using the BANCADO program.
His firm will be one of the key partners
for the co-op going forward, as the firstline telephone support is transitioned
to his firm, over time, from Waldorf.
“We are looking forward to helping
more banks improve their backroom
operations, and have the tools they will
need at the front line to take excellent
care of their customers,” says Goodwin.
Goodwin also provides hardware
solutions and support to his banks.
When banks began to head toward
check imaging several years ago,
Goodwin enlisted the help of Rob
Tarte from Pacific CodeWorks in
San Francisco to provide a solution
for processing images through the
BANCADO program. Tarte’s firm
will be the other key partner for the
co-op, providing programming and
support services to keep the program
up-to-date and make new services
possible. “We have worked closely with
BANCADO for years with our imaging
suite, and now we are excited about
taking that relationship to the next
level,” explained Tarte. “We are looking
forward to enhancing BANCADO and
creating better integration with our
imaging suite so that we can move the
BANCADO community to the next
level of performance, features, and
ease of use.”
The Community Bankers Cooperative
will be governed by a board of directors
elected by the membership, who will
then work closely with the two partners
on the future direction of the program.
“The beauty of this structure is that
the banks will no longer have to worry
about whether or not their core vendor
is going to sell to the highest bidder
and leave them hanging. The member
banks, collectively, ARE the vendor.
That should make bank examiners
happy!” concluded Field. n
+ January 2014
35
C
O
M
I
N
G
FEBRU A RY
CBC Program 2nd Quarterly Meeting
4
Webinar
A TTR
CEO Forum Group III ––
12
Escrow Account Compliance:
12
Meeting –– Hilton Lisle/Naperville
Trust Compliance in Opening
25
Accounts & Lending
Deposit Documentation ––
26
Credit Risk Management Workshop
12
–– Hilton Hotel Lisle/Naperville
Email Archiving & Encryption:
26
4th Quarter Banking Essentials:
19
“Integrated Bank Security, Compliance,
& Customer Service” –– CBAI
West Conference Room, Springfield
19-21Commercial Lending Institute ––
Hilton Garden Inn, Springfield
Expanding Your Required IT Risk
19
Assessment Program
Preparing for Your Next IT
12
Starved Rock Lodge, Utica
“Regulatory Guidelines &
Examinations” –– CBAI West
Conference Room, Springfield
Lending Under the New CFPB
Mortgage Rules
What to Keep, What to Destroy,
What Holds Up in Court
CBAI Education Center, Springfield
25
3rd Quarter Banking Essentials:
18
Imaged Documents:
11
S
Starved Rock Lodge, Utica
–– CBAI Education Center, Springfield
N
Holiday Inn, Mt. Vernon
Compliance, Ownership &
Access Issues
Credit Risk Management Workshop
11
O
24
Opening Accounts for Minors:
13
CEO Forum Group IV ––
6
Construction to Permanent
6
I
Debt & Foreclosed
Examination CBAI Education
Center, Springfield
CBC Program 2nd Quarterly
5
T
The ALLL in Troubled
20
Rules, Best Practices & Examiner
Hot Buttons
Preparing for Your Next IT
13
Exceptions & Bank Liability
C
CBSC & CBAI Board Meeting ––
20
–– Crowne Plaza Hotel, Springfield
Tax Refunds: ACH Postings,
4
A
Examination CBAI Education
–– Hilton Lisle/Naperville
New Rules & Best Practices for
Minimize Risks
27
Hilton Lisle/Naperville
Key Lending Strategies for
27
Growth & Profitability –– CBAI
Education Center, Springfield
What Is That Personal Tax
27
Return Telling Me? Part 2:
Schedules E & F
Welcome New Members
New ASSOCIATE
MemberS
Austin Financial Services
New MEMBER
FINANCIAL INSTITUTION
1690 Woodlands Drive, Suite #210
Maumee, OH 43537
Craig Bernard, President
419-531-9559 / Fax: 910-256-6109
www.bankguys.com
craig@bankguys.com
Bank Consulting and
Investment Banking Services
CBRE, Inc. –
Appraisal Management
Washington Savings Bank,
Effingham
311 South Wacker Drive, 4th Floor
Chicago, IL 60606
Victoria Pierce, Director
312-233-8677 / Fax: 312-233-8660
www.cbre.com/AppraisalManagement
victoria.pierce@cbre.com
David Doedtman, President & CEO
R.D. McClain’s Labor Service
dba My Tidy Office
31 Danbury Drive
Daniel McClain, Owner
217-498-3476
www.mytidyoffice.com
info@mytidyoffice.com
Janitorial Service & Carpet Cleaning
Secured Retirement
Strategies Group, LLC
500 West Silver Spring Drive, Suite K-200
Glendale, WI 53217
Dennis A. Christiansen, Partner
414-617-4002 / Fax: 414-847-6201
dennis@srsgllc.com
Long-Term Care Consulting and Insurance
for Officers and Directors
AMC – Appraisal Management
36
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+
Banknotes
LEGAL LINK
Death, Taxes and
Attorney’ s Fees
Jerry Cavanaugh, CBAI General Counsel, Springfield, IL
“I’m not dead yet!”
was the protestation
from a peasant who was about to be prematurely loaded onto a
human-debris wagon in the movie Monty Python and the Holy
Grail. That quote and scene came to mind as I read the recent
First District (Cook County) Illinois Appellate Court opinion
in the case of Estate of Zagaria vs. Samuel Zagaria. Zagaria
had a $500,000 stock-brokerage account when his family lost
all contact with him in August of 2000. In July of 2009, a
court order declared him to be presumed dead and his sister
(“Sister”) was appointed to administer his estate. Sister hired
two attorneys (“Heroic Lawyers”) to assist in the handling and
eventual closing of Zagaria’s estate.
During their efforts to collect benefits for the estate on an
annuity contract, Heroic Lawyers stumbled across the fact
that someone with Zagaria’s name had given his social security
number to a homeless shelter not far from the town in which
Zagaria last resided. By December of 2009, evidence strongly
suggested that Zagaria was, in fact, not dead yet. That evidence
was confirmed in June of 2010, when Heroic Lawyers actually
met Zagaria for the first time. No doubt the best-represented
resident of the homeless shelter, Zagaria had his own attorney
(“Miser’s Lawyer”) unwind the probate estate and revoke
Sister’s authority over his financial affairs. The balance in his
brokerage account, at that time approximately $366,000, was
transferred from the estate to a new account opened for Zagaria.
Heroic attorneys came calling, politely asking the court if they
could please be paid $27,000 in fees for services rendered
while Zagaria was presumed dead. They petitioned for $27,000
to be turned over from Zagaria’s new account back to the estate
account, because the client of Heroic Lawyers had been the
estate and not Zagaria himself. Because Heroic Lawyers were
polite and their petition was very neat with no spelling errors
and no run-on or fragmented sentences, the court granted their
request and Zagaria and Miser’s Lawyer appealed.
The Appellate Court affirmed the trial court’s decision in favor
of Heroic Lawyers getting paid from the estate, even though it
38
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+
meant siphoning money from the new account of the still-alive
Zagaria, because the presumption-of-death order was sufficient
under Illinois law to warrant the opening of an estate of the
presumed decedent, Sister was within her authority in hiring
Heroic Lawyers to assist with the estate, and it was uncontested
that Heroic Lawyers did, in fact, provide substantial estate
administration legal assistance to Sister.
Moral of the story: Don’t think for a second that
you can avoid paying your attorney(s) by dying.
Round Two: Attorneys Get the Short End
For those who did not like the outcome of that first story, you
might be happier to learn that, in the case of Dixon, Laukitis
& Downing, P.C. vs. Busey Bank, a law firm (“Poor, Victimized
Lawyers”) that deposited a $350,000 check into its Client
Trust account at Bank was unable to recover funds from Bank
after writing checks totaling $270,000 against that deposit,
only to find out that the fraudulent check was dishonored
and Bank charged back the $350,000 against the account of
Poor, Victimized Lawyers. Poor, Victimized Lawyers claimed
that Bank had been negligent by not observing commercially
reasonable standards when Bank allowed the $350,000
fraudulent check to be deposited and that Bank had breached
a fiduciary duty of care owed to Poor, Victimized Lawyers.
However, the Illinois Third District Appellate Court shafted
Poor, Victimized Lawyers by ruling that Bank’s duties owed
to Poor, Victimized Lawyers were limited to those found in
the Uniform Commercial Code or prescribed in the account
agreement, which stated unambiguously that any deposit was
provisional until such time as the deposited item had resulted
in collected funds. There is no common law fiduciary duty or
extraordinary duty of care beyond the account contract and the
Uniform Commercial Code that runs from a depository bank
to its depositor. n
Legal Link is a free CBAI member benefit. For answers to your
general, banking-related legal questions, contact Jerry Cavanaugh in
the “Members Only” section of the CBAI website, www.cbai.com.
Banknotes
MEMBER NEWS
Robert Scott Snavely has been hired by Midland States
Bank, Effingham (MSB) as its market president in its
Grant Park location (formerly First National Bank of Grant
Park, acquired by MSB). Prior to joining MSB, Snavely was
market president for a large regional bank in Carbondale. He
has more than 25 years of experience in financial services
in Illinois, Indiana, and Kentucky. Snavely received his B.S.
degree in business management from the University of Illinois
in Springfield and is currently pursuing his MBA.
Dennis Eckhardt, president of Port Byron State Bank,
accepts a plaque congratulating the bank on its sesquicentennial
anniversary from CBSC Vice President of Member Services
Lesa Black.
Community Trust Bank, Irvington celebrated its 100th
Anniversary October 21-25 with giveaways throughout the
week, and a luncheon and cash prizes the final day.
Darrell A. Richey, financial advisor located at First MidIllinois Bank & Trust, N.A., Effingham, was recently
named a member of the 2014 Achievers Club in recognition of
his personal accomplishments in 2013. This award recognizes
advisors who have achieved exceptional growth. Richey, who
joined First Mid in 1993, has more than 25 years of experience
in financial services.
William S. Rowland, chairman, president, and CEO of First
Mid-Illinois Bancshares, Inc. (First Mid), Mattoon, retired
effective December 31. Rowland’s retirement brings to a close a
career of nearly 25 years of continuous service to First Mid and
its stockholders. When he began his career with the company,
First Mid employed fewer than 100 people in five communities;
today it employs more than 400 people in 25 communities.
Joseph R. Dively has become chairman, president, and CEO
upon Rowland’s retirement. Dively had served as senior executive
vice president of First Mid and president of its subsidiary, First
Mid-Illinois Bank & Trust, N.A.
Calvin Schultz, commercial loan officer, with First MidIllinois Bank & Trust, N.A., Mattoon recently graduated
from the National Commercial Lending School in Dallas, TX.
The School, an advanced commercial-lending curriculum for
lenders with five or more years of experience in this arena, was
held in March at Southern Methodist University.
Seth Reedy recently earned the designation of Certified Insurance
Counselor (CIC) from the National Alliance for Insurance
Education & Research. The Certified Insurance Counselors (CIC)
Program has been the insurance industry’s premier, proven source
for practical, real-world education since 1969. Reedy earned a B.S.
degree in marketing from Eastern Illinois University, Charleston,
and began his career with First Mid Insurance Group in 2001
as a commercial production manager, and returned to its sales staff
in 2009. First Mid Insurance Group is a subsidiary of First MidIllinois Bank & Trust, N.A., Mattoon.
+ January 2014
39
MEMBER NEWS
Schuyler State Bank branches in Macomb and Rushville are
now part of the Marine Bank, Springfield network serving
all of Central Illinois. The merger of the Macomb and Rushville
branches has been completed, and the branches re-opened as
Marine Bank.
Legence Bank, Eldorado has broken ground for its new
corporate office in Eldorado. The site is located at the corner
of US Highway 45 and Illinois Route 142.
First Mid-Illinois Bank & Trust, N.A., Mattoon has
teamed with The Mattoon Police Department’s Cops for Kids
with an $800 donation toward its annual charity event. Cops
for Kids offers at-risk youth the opportunity to shop with an
officer and guardian for toys and winter clothes they may not
receive during the holiday season.
In recognizing the importance of youth development, First
Clover Leaf Bank, Edwardsville recently gave a $1,000
charitable gift that it received from Computer Services,
Inc. (CSI) to the Lewis & Clark Council of the Boy Scouts of
America. The bank selected the Lewis & Clark Council for its
commitment to helping youth build character, learn skills, and
practice leadership.
Nicoud Insurance was named a 2013 Best Practices Agency
by the Independent Insurance Agents & Brokers of America. A
best practices agency demonstrates a commitment to constantly
improving the quality of service provided to its customers.
Factors considered for nomination include strong leadership;
excellent employees; access to proper suppliers, tools and
resources; and organization. Nicoud was the only agency in
Springfield, and one of only five Illinois agencies, on this year’s
list. Nicoud is a preferred service provider of Community
BancService Corporation, Inc. (CBSC).
CBSC-preferred service provider Ameren Energy
Marketing has become part of the Dynergy Inc. family. As
such, its name has been changed to Illinois Power Marketing,
d/b/a Homefield Energy.
Guardian Analytics has created FraudMAP Connect, a realtime collaboration platform and fraud intelligence community
for financial institutions to securely exchange actionable
information and improve fraud-prevention practices. By pooling
experiences and expertise through FraudMAP Connect, financial
institutions are better prepared to defend against sophisticated
and continually evolving attacks and fraud schemes.
40
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+
Wipfli has expanded its Financial Institutions Practice’s risk
advisory regulatory compliance team with the addition of Melissa
Blaser and Teri Downey. Blaser joined Wipfli as a senior
manager. Her financial-services knowledge has been cultivated
through five years of experience in community banks, and more
than 15 years in public accounting and consulting. Downey
joined Wipfli as a manager. She brings over 15 years of experience
in public accounting and consulting to the firm’s clients. Both
women hold bachelor’s of science degrees in accounting from
Rockford College and a number of compliance certifications.
Midwestern Securities Trading Company, LLC (MSTC)
has added Jaeson Lister and Stephanie Copeland to its
home-office team in East Peoria. Lister is from Pekin and
recently graduated from Illinois State University, Normal with
a degree in accounting. As a compliance associate at MSTC,
he assists the firm’s chief compliance officer and its network
of financial advisors. He is in the process of studying for his
Series 7 and 66 securities licenses and, upon completion, will
be studying for the Series 24. Copeland is a senior at Bradley
University, Peoria, where she is earning her degree in business
management and administration, with a concentration in
human resources. As an intern at MSTC, she is assisting the
firm with several projects.
Small Business Growth Corporation (Growth Corp),
which is located in Springfield, was recognized by the National
Association of Development Companies (NADCO) for its
regional contribution to veterans with an award for record
loan volume and exceptional service to U.S. Veterans and
small businesses. Growth Corp, the U.S. Small Business
Administration (SBA) and NADCO are helping veterans
transition back into civilian life as business owners. Veterans
who own a business can take advantage of Growth Corp’s
financing assistance through the SBA 504 Loan Program,
which is open to all U.S. veterans from every branch of service.
Borrowers looking to purchase commercial real estate and/or
equipment receive long-term fixed-rate financing, a low down
payment (typically 10%) and additional assistance specific to
veteran entrepreneurs.
Computer Services, Inc. (CSI) has announced its ranking
on the 2013 FinTech 100. The annual international listing,
published by American Banker, Bank Technology News and
research firm IDC Financial Insights, ranks the top hardware,
software, and service providers that derive more than one-third
of their revenues from the financial community. CSI rose to
56th on the list of financial-technology companies that were
judged according to their global revenues. n
Banknotes
Foundation for
Community Banking
CBAI
CBAI Foundation Kicks Off “5-for-5” Campaign
The CBAI Foundation for Community Banking 2014
Annual Scholarship Program is underway. The Foundation
is in its 28th year of offering 26 annual scholarships to
deserving high-school students-at-large through the essay
contest. THERE IS NO COST TO THE BANK
TO PARTICIPATE!
CBAI member dues DO NOT fund the scholarships,
however. Only through the tax-deductible donations of
our members and associate members is the funding made
available. Please consider the “5-for-5” Campaign.
Allocate just $500 per year for the next five years for the
Foundation. It’s 100-percent tax deductible. By doing
so, WITH YOUR FIRST CHECK, your bank is eligible
to submit names for the two, four-year scholarships offered
annually and sponsored by SHAZAM® and BancVue for the
children and grandchildren of your bank employees, officers,
and directors. Additionally, your bank will be entered
into a two-year scholarship to the Community Bankers
School sponsored by THE BAKER GROUP, the Career
Development Division of CBAI, and the Federal Home
Loan Bank of Chicago.
In
Recent Donations
• State Street Bank & Trust, Quincy has made an additional
donation which moves it to the Silver level of giving.
• West Central Bank, Ashland and State Bank of Davis
have become new, Bronze-level donors of the Foundation.
• Durand State Bank has made an additional payment
toward its Bronze-level commitment.
• Preston Smith was a winner of $500 from Bank
Consulting Group at the CBAI Annual Convention &
Exhibition; he donated his winnings to the CBAI Foundation.
• Board members of the CBAI corporate family donated
travel expenses for recent meetings as follows: Jim
Ashworth, CNB Bank & Trust, N.A., Carlinville; Jeff
Bonnett, Havana National Bank; Kevin Beckemeyer,
Legence Bank, Eldorado; Will Coolley, Longview
Capital Corporation, Newman; Larry Franklin, CNB
Bank & Trust, N.A., Carlinville; Todd Grayson, South
Central Bank, N.A., Chicago; David Loundy, Devon
Bank, Chicago; Cindy Martin, Lena State Bank;
Eric McRae, First Mid-Illinois Bank & Trust, N.A.,
Mattoon (Decatur); Doug Parrott, State Bank of
Toulon; Paul Pogue, North Adams State Bank, Ursa;
Gregg Roegge, Rushville State Bank; Jeff Rolczynski,
American Midwest Bank, Sycamore; Mary Sulser,
Buena Vista National Bank, Chester; and Bill
Wubben, Apple River State Bank.
Memoriam
Barton S. Burch, 96, passed away November 5, 2013. He was born January 31, 1917, in Rockford to Willard and
Georgie (Somers) Burch. Barton married Helen G. Jones on February 4, 1939. He was a farmer his entire life, farming
for 64 years on the same farm in the Lindenwood area. He also was a co-owner of Burch and Carmichael Trucking in
Rochelle. Burch was preceded in death by his first wife, Helen, in 1975, and his brother, John in 2003. He served on
the Holcomb State Bank board of directors for 62 years, including more than 30 years as its chairman. At the time
of his death, he was honorary chairman. Barton is survived by his wife, Edna; two sons, Ken (Lynn) of Lindenwood
and Ben (Pat) of Rochelle; four grandchildren, and four great-grandchildren.
Banknotes
+ January 2014
41
I N D E X
OF
A D V E RT I S E R S
The Baker Group . . . . . . . . . . 25
Homefield Energy . . . . . . . . . . . . 39
SHAZAM ®, Inc. . . . . . . . . . . . . . . 19
BancVue . . . . . . . . . . . . . . . . . . 43
IBT ® . . . . . . . . . . . . . . . . . . . . . 10
Southwest Financial
Services, Ltd. . . . . . . . . . . . . . . . 30
BankOnIT USA . . . . . . . . . . . . . . 26
LKCS . . . . . . . . . . . . . . . . . . . . 14
Systemax/FUSE . . . . . . . . . . . . . 13
. . . . . . . . . . . . . . . . . . 05
McGladrey . . . . . . . . . . . . . . . . . 34
Cardinal Software . . . . . . . . . . . . 14
Mortgage Services III, LLC . . . . . . 23
Community
BancInsurance Services . . . . . . . 18
PG Architecture . . . . . . . . . . . . . 33
BKD
llp .
Triad Financial Services . . . . . . . . 14
Welch Systems Incorporated . . . . 44
Wipfli LLP . . . . . . . . . . . . . . . . . 28
Plante Moran . . . . . . . . . . . . . . . 07
Continuity Control . . . . . . . . . . . . 03
Young & Associates, Inc. . . . . . . 02
Quad City Bank & Trust . . . . . . . . 21
CSI . . . . . . . . . . . . . . . . . . . . . . 09
The Redmond Company . . . . . . . 22
Diebold . . . . . . . . . . . . . . . . . . . 16
42
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Banknotes
Banknotes
Community Bankers
Association of Illinois
901 Community Drive
Springfield, IL 62703-5184

Legence - CBAI.com

Transcription

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