EmpowErmEnt for Community Banks

Transcription

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
September 2013
Volume 39 • Issue 5
ESOPs:
Empowerment for
Community Banks
Stress Testing
Community
Taking the
Non-Maturity
Bankers
Pain Out of
Deposits
School
Core Conversions
page 12
page 14
page 19
2
www.cbai.com
+
+ September 2013
3
CBAI Board of Directors & Staff
Community Bankers Association of Illinois
Executive Committee
CBAI Executive Staff
+Chairman – Rick Jameson, Morton Community Bank
< [email protected] >
+ First Vice Chairman – Bill Wubben, Apple River State Bank
+ Second Vice Chairman – Todd Grayson, South Central Bank, N.A., Chicago
+ Regional Vice Chairmen – Tony Sisto, STC Capital Bank, St. Charles
+ Jeff Rolczynski, American Midwest Bank, Sycamore
+Tom Marantz, Bank of Springfield
+ Kevin Beckemeyer, Legence Bank, Eldorado
+Treasurer – Gregg Roegge, Rushville State Bank
+Immediate Past Chairman – Mary Sulser, Buena Vista National Bank of Chester
+ President – Bob Wingert, CBAI, Springfield
+ Bob Wingert, President
+ Jerry Cavanaugh, General Counsel
+ Levette Shade, Paralegal
+ Lisa Lippert, C.P.A., Controller
+ Jenny Dial, Senior Vice President Operations
+ Kraig Lounsberry, Senior Vice President Governmental Relations
+Megan Peck, Vice President Governmental Relations
+ David Schroeder, Vice President Federal Governmental Relations
+Tracy McQuinn, Senior Vice President Education & Special Events
+Valerie Johnston, Vice President Education & Special Events
+Melinda McClelland, Vice President Education & Special Events
+ Andrea Cusick, Senior Vice President Communications (Banknotes Editor)
+Terry Griffin, Vice President Chicago Area
Group Directors
+ David Loundy, Devon Bank, Chicago
+ David Stanton, PeopleFirst Bank, Joliet
+ Dianna Torman, Prairie Community Bank, Marengo
+Cindy Martin, Lena State Bank
+Tim McConville, First State Bank, Mendota
+ Doug Parrott, State Bank of Toulon
+Mike Mahair, State Street Bank and Trust Co., Quincy
+ Jeff Bonnett, Havana National Bank
+ Dale Boyer, Arcola First Bank
+ Shawn Davis, CNB Bank & Trust, N.A., Carlinville
+ David Pirsein, First National Bank in Pinckneyville
+ Dan Graham, Flora Bank & Trust
+ Joe Leenerts, Herrin Security Bank
CBAI Past Chairmen
+ Dennis Hesker, First National Bank of Okawville
+ Robin Loftus, Security Bank, s.b., Springfield
+Mike Estes, Fisher National Bank
ICBA State DELEGATEs
+
+
Gerry Johnson, Grand Ridge National Bank
Preston Smith, First National Bank, Mattoon
CDD Chairman (ex officio)
+ Kim McKee, North Central Bank, Hennepin (Ladd branch)
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+
CBAI Legislative Consultant
+ David Manning
CBSC Executive Staff
+Mike Kelley, President
+Mike Duke, Vice President, Electronic Payments
+ Andy Burkett, Vice President, Member Services
+ Lesa Black, Vice President, Member Services
Headquarters
901 Community Drive, Springfield, IL 62703-5184 • 217.529.2265
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
Hours of Operation: 8 a.m. - 5 p.m.
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Banknotes, a publication of Community Bankers Association of Illinois.”
If you are interested in a subscription to or advertising in Banknotes,
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
+ September 2013
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September 2013
08
12
19
features
ESOPS: Empowerment for Community Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . 08
Stress Testing Non-Maturity Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Community Bankers School . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Taking the Pain Out of Core Conversions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
2013 Group Meetings Wrap Up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Baker Seminar Standing Room Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
departments
Legal Link . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Member News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
In Memoriam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Staff News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Foundation Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Welcome New Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Coming Attractions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Index of Advertisers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Published for
Community Bankers
Association of Illinois
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www.cbai.com
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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
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Banknotes
+ September 2013
7
ESOPs:
Empowerment for
Community Banks
Andrea Cusick, CBAI SVP Communications, Springfield, Illinois
E
mployee Stock Ownership
Plans (ESOPs) are utilized in
a myriad of types of businesses,
including community banks.
They’re utilized because they work
– providing a market for the shares
of a departing owner, bringing bank
ownership back to the community
when shares have been left to faraway
descendents, and providing incentive to
employees to excel and to stay.
DID
YOU
KNOW?
A 2000 Rutgers
study found
that ESOP
companies
grow 2.3%
2.4%
TO
annually after
establishing
their ESOPs
8
There are approximately 10,000 ESOPs
in place in the U.S., covering 10.3
million employees (10 percent of the
private sector workforce), according
to the ESOP Association. Moreover, a
2000 Rutgers study found that ESOP
companies grow 2.3 to 2.4 percent
annually after establishing their ESOPs.
In information provided by BKD,
LLP, the reasons banks pursue
ESOPs include a desire to:
• Implement an ownership transition plan;
• Preserve the community-bank
culture, along with jobs and
community support;
• Provide stockholder liquidity over time in a tax-efficient sale;
• Reduce or even eliminate
corporate income tax;
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• R
etain control (regardless of the level of ESOP ownership);
• Reward long-term employees;
• Reward key management; and
• Uniquely position the bank for
growth via acquisitions.
For Anchor State Bank, its move
to a KESOP (an ESOP with a 401k
component), was precipitated by a desire
by bank management to purchase the
bank from its previous owner in 1993.
By doing so, the previous owner escaped
a large capital gains event. According
to Alan Taylor, partner of BKD, llp
in its ESOP Advisory Services Team, a
leveraged ESOP provides a liquidity
event with potential tax advantages.
“First, an ESOP transaction provides the
purchase of stock, which is generally the
tax-preferred method for a seller, versus
selling company assets. In addition,
the law contains a provision that could
potentially allow an owner to sell his or
her stock tax deferred or potentially tax
free,” Taylor asserts.
Depending on individual state tax rates
and if the sale is subject to the 3.8
percent Medicare surtax, this provision
could defer or possibly eliminate taxes
equal to 30 percent or more of the
stockholder’s gain. However, a thorough
and careful analysis needs to be done
to analyze the pros and cons of this tax
opportunity.
For the company, generally it can deduct
not only the interest but also the principal
associated with the ESOP’s purchase of
stock. If the company is an S corporation,
then the ESOP’s share of income is taxfree. If the company is an S corporation
and 100-percent ESOP owned, then 100
percent of the company’s earnings are free
of federal and, generally, state income
tax. These tax savings generally allow the
company to repay the acquisition loan
more quickly and potentially increase
growth opportunities for the company in
the long-term.
The process to establish the program
took about a year, according to
Jim Eckert, president of Anchor
State Bank. Taylor stated that, in
his experience, six months to a year
is typical. Eckert recalled that the
changeover could have been done more
quickly had regulatory agreement for
the change of control been made in a
more timely fashion. Taylor concurs that
the regulatory environment makes the
approval process more challenging for
banks than other business models.
Banknotes
First National Bank, Sparta, changed
its profit-sharing plan to an ESOP with
profit sharing approximately 20 years
ago, according to David Hauskins, bank
president. “The ESOP has been useful
in solidifying the value of the stock,”
Hauskins stated. It also has made
possible some fairly substantial payouts
for retiring employees, he added.
Hauskins cautions that the endeavor
to move to an ESOP is not inexpensive,
citing the administrative fees and the
need for an appraisal every year.
Mike Estes, president of The Fisher
National Bank, has expressed an
interest in forming an ESOP to solve
two issues currently facing the bank.
First, descendents of original bankstock owners no longer reside in the
area, and Estes feels that the future
of the bank is better served by having
fewer, more local-centric shareholders.
Hauskins found that to be true, as well,
stating that the bank’s ESOP allowed
the bank to eliminate some small,
far-flung stockholders with no vested
interest in the bank.
The second reason Estes has considered
an ESOP is to attract and retain younger,
talented employees. “We recently hired
some employees who, while younger,
are experienced bankers. They both
came to us from mega-banks and were
disenchanted with that culture. We’d
like to incentivize them, and other
employees, to stay. It’s important to
show these employees that community
banking can be a lifelong career, not a
way station to somewhere else.”
There are many options in structuring
this type of retirement plan, depending
upon the bank’s goals. For example, First
National Bank in Pinckneyville
has a KSOP with a five-percent 401k
match. Dave Pirsein, bank president,
indicated that the vehicle has been used
largely to incent employees.
Taylor stresses that it takes time to build
momentum and to build the ESOP
account. He cautions banks to make sure
Banknotes
that it will provide a real incentive to the
employees. “Make it meaningful. The level
of the ESOP ownership will only then
effectuate the behavior of the employees,”
he states. However, he acknowledges
that there is “no magic number” for that
percentage to be effective.
John Corley, chairman of First State
Bank, Monticello, has instilled the
pride of being an independent community
bank in its management and employees,
according to the bank’s president, Mike
Atwood. The challenge is how to
remain independent in an environment
of consolidation. Atwood cites the low
returns in banking today, the problem that
arises when shareholders want liquidity
for their stock and the bank can’t provide
it, and attracting young, committed
talent to a town with a population of
6,000. A 100% ESOP was proposed
approximately five years ago and two
years later, implementation began (the
bank already had a partial plan in place).
The bank is an S-corporation and may
be the only Illinois community bank
with a 100% ESOP, which caused the
establishment and regulatory approval
for the plan to take longer than may be
typical for a partial plan.
Atwood asserts that the ESOP has had
an impact beyond the bank’s walls. “We
have a story and we’re going to tell it,”
he says emphatically. The community
has had a very positive reaction to the
word that the bank established an ESOP
to not only take care of its employees,
but to remain independent. As the only
hometown-chartered community bank
in Monticello, Atwood emphasizes
that the signal of the bank’s ownership
intent has been sent and understood by
the citizenry, resulting in significantly
positive public relations.
As someone who puts together ESOPs
and KESOPs for a living, Taylor
acknowledges they aren’t for every
bank. He stresses that you partner with
advisors who not only understand setting
up the plans, but have knowledge of
community banking, as well.
Tim Sullivan, partner at Hinshaw &
Culbertson LLP, concurs, pointing
out that the major difference between
setting up an ESOP for a bank versus
any other type of business is the
regulatory approval process, including
the change-of-control approval which
may be needed. Sullivan further states
that financing can often be a stumbling
block, especially with bank boards
as the larger purchases frequently
require financing over 10 to 15 years
meaning the initial loan may need to be
renewed which introduces an element
of uncertainty – something some bank
board members may find unsettling.
Friday, September 27
2:45 p.m. – 4 p.m.
“A session on forming an
ESOP for community banks
will be offered at the CBAI
Convention & Exposition.
It will be presented by a
panel from Hinshaw &
Culbertson, LLP, Chicago”
Final words of advice
from Taylor include:
• First, be clear about why you’re
creating an ESOP and what you
hope to accomplish;
• Who are you hoping to motivate?
If it’s just the management team
there may be other options;
• Make sure that your intent is
consistent with the bank’s strategic plan;
• Model out what the plan will look
like in 10 years, then 20 years; and
• Is your goal to get to 100%
ownership? If so, how long do you
anticipate it will take? n
Cusick can be reached at 800/736-2224
DID
YOU
KNOW?
There are
approximately
10,000
ESOPs in place
in the U.S.,
covering 10.3
million employees
(10 percent of
the private sector
workforce),
*according
to the ESOP
Association.
(in IL), 217/529-2265, or [email protected].
+ September 2013
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Banknotes
Stress Testing
Non-Maturity Deposits
Jeffrey F. Caughron, Associate Partner, The Baker Group LP
A Focus on Non-Maturity Deposits
A notable trend in bank balance sheets over the past few years
has been the steady growth of non-maturity deposits, or NMD.
Much of this growth has been a result of greater risk-aversion on
the part of depositors who now view liquidity and protection of
principal as key considerations. The increased FDIC insurance
threshold of $250K has likely played a part in this trend as well.
In any case, the growth of these deposits raises questions about
interest rate risk in the balance sheet in the event of a change in
economic conditions or the rate environment.
Historically, NMD balances are extremely stable and the rates
paid on those deposits change infrequently. In other words,
they are normally not very rate sensitive. However, from a riskmanagement standpoint, we cannot assume that past behavior
will necessarily hold true in the future. The regulatory agencies
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are concerned that the “surge balances” of non-maturity deposits
that flowed into bank balance sheets in recent years may leave
the bank at least as quickly, or that banks may find themselves
having to compete more aggressively from a pricing standpoint
in order to keep these balances in the bank. This concern points
to the need for stress testing of non-maturity deposits.
Developing NMD Assumptions
The Interest Rate Risk Monitor (IRRM) is designed to capture
fluctuations in non-maturity deposit balances and changes in
pricing that occur in different interest rate environments. This
requires a set of assumptions about how stable the balances are
and how reactive the pricing will be. In developing a reasonable
set of assumptions, we first do a two-part analysis of the actual
observed behavior of each bank’s NMD. This consists of a
“balance-stability” analysis and a “reactive-pricing” analysis.
Banknotes
The balance-stability analysis tells us how much fluctuation
has occurred in the bank’s NMD balances over an interest
rate cycle. Those banks with a high degree of fluctuation or
volatility in their balances, as compared with their peer group,
will be modeled with a shorter average life (and lower duration)
than the average bank in order to reflect greater rate sensitivity.
Conversely, a bank whose deposit balances have remained
extremely stable will normally be modeled to reflect longer
average lives and higher durations. The stability analysis is
critical in order to have confidence in the assumptions that
drive the Economic Value of Equity (capital at risk) component
of interest rate risk modeling.
The reactive-pricing analysis looks at a different dynamic. It
tells us how closely correlated the pricing of NMD has been
in relation to changes in market interest rates such as the fed
funds rate or the six month T-Bill rate. We can look at the
actual observed history of the bank’s NMD pricing to determine
how sensitive the bank’s pricing has been, including time lags
between a given move in market rates and the reactive pricing
on the part of bank management. This analysis is necessary to
derive reasonable shift sensitivities (betas) and time lags to be
used in the model.
exercise should be done once a year, the results evaluated and
documented, and the reports made available to examiners
when they come to call.
Although we may not anticipate rising rates in the near future,
prudent risk management requires that we have on file a study
of how our earnings might be affected by a sudden rampingup of rate sensitivity on core deposits and the necessity of
aggressive pricing. This is an important risk management
exercise for community banks, and one that becomes even
more necessary as we gradually move toward an eventual
change in the rate environment. n
THE BAKER GROUP is a preferred service provider of Community
BancService Corporation (CBSC). For more information, contact Jeff
Caughron at The Baker Group: 800-937-2257, www.GoBaker.com,
or email: [email protected].
*The Baker Group LP is the sole authorized distributor for the
products and services developed and provided by The Baker Group
Software Solutions, Inc.
Stress-Testing NMD Assumptions
The analysis of NMD balance and pricing behavior described
above is based on institution-specific historical data and gives
us a good base-case assumptions set. But what if future behavior
is different? What if depositors don’t act as they have in past
cycles? It’s entirely possible that the next rising rate cycle will
result in much more rate sensitive deposits than our base case
assumptions imply. This is why a stress test is necessary.
We conduct a stress test on non-maturity deposits by
aggressively ratcheting up the shift sensitivities (betas) and
simultaneously collapsing the time lags in order to mimic
a situation where the bank must aggressively compete on
price in order to keep the deposits in the bank. For example,
consider a modeling assumption where a 100bps rise in the fed
funds rate will result in a 35bps increase in money market rates
after a three-month time lag. Perhaps that’s the most likely
behavior based on past history, and therefore these should
be our base-case modeling assumptions. However, we need
to also model potential behavior in an unusual environment
where rate sensitivity is much greater for these money market
balances. We would therefore crank the beta up to 75% rather
than 35%. At the same time, we would re-set the time lag to
one month rather than three months. If we re-run the model
using these more aggressive assumptions, the unsurprising
result is that interest expense rises much faster and by a greater
degree. It may not be pretty, but a NMD stress test provides
important information about a worst case scenario, a scramble
for liquidity, and a bidding war for non-maturity deposits. This
Banknotes
+ September 2013
13
Community
•
ABOVE:
First father and
son graduates of
the Community
Bankers School
(formerly
Midwest School
for Community
Banking). Doug
Parrott, State
Bank of Toulon
(1988 graduate)
and Adam Parrott,
The First National
Bank in Tremont
(2013 graduate).
Bankers School
C
BAI announces 32 individuals
graduated in July from the
Community Bankers School
(CBS) at Illinois Wesleyan
University in Bloomington. CBS, which
consists of two, one week sessions over a
two-year period allows community bankers
to immediately contribute to the overall
success of their banks, and provides the
knowledge necessary to get ahead. An
intensive program designed for today’s
community bank professional, CBS
features a nationally recognized faculty, an
updated curriculum, and timely topics.
Topics covered during an intense week for
Class I participants include compliance,
accounting, commercial and consumer
loan documentation, collections, bank
security, auditing, investments, and
technology, while Class II focuses on
management aspects. The School’s
benefits extend beyond the classroom
with outside case studies, an invaluable
student notebook with supplemental
materials, as well as networking
opportunities with peers, instructors,
and senior bankers. Students gain a
background and experience for broader
responsibilities and greater effectiveness,
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as well as insight into a community
bank’s overall operations responsibilities.
2013 GRADUATES
Row 1 (l-r)
Michelle McPherson, The Farmers
& Merchants Bank, New Castle, VA
Michelle Carper, The Farmers &
Merchants Bank, New Castle, VA
Teresa Lovekamp, Midland Community Bank,
Kincaid (Taylorville branch)
Susan Starr, Marine Bank & Trust, Carthage
Angela Lampley, The Bank of Herrin
Julie Eilers, Spring Valley City Bank
Cheyanne Doyle, Community Bank,
Winslow (Warren branch)
Sara Biagini, Granville National Bank
Row 2 (l-r)
Jennifer Bitter, The First National
Bank of Litchfield
Toni Gonzalez, Royal Savings Bank, Chicago
Jessica Adams, National Bank of St. Anne
Erin Pinter, Spring Valley City Bank
Whitney Stringer, Grand Rivers Community
Bank, Grand Chain (Karnak branch)
Christina Smith,
Clay County State Bank, Louisville
Susan Sowers, First Neighbor Bank,
N.A., Toledo (Neoga branch)
•
Row 3 (l-r)
Steve McGraw, Bank of Montgomery
Jason Thomasson, Apple River State Bank
Kyle Runge, The First National Bank of Sparta
Jeremy Knepp, Morton Community Bank
Diane Ege, Community Bank,
Winslow (Warren branch)
Mary Smid, Henry State Bank
Karen Reifsteck, Villa Grove State Bank
Dale Heinkel, Citizens State Bank, Lena
Row 4 (l-r)
Christopher Barrett,
Petefish, Skiles & Co. Bank, Virginia
Scott Walters, Blissfield State Bank,
Blissfield, MI
Neil Compton,
Shelby County State Bank, Shelbyville
Kurt Russow, Bank of Pontiac
Dusty Bauer, The First National Bank, Vandalia
Terry Prosise, Community First Bank
of the Heartland, Mt. Vernon
Nathaniel Wascher, Shelby County
State Bank, Shelbyville
Travis Cooley, The Farmers Bank of Liberty
Adam Parrott,
The First National Bank in Tremont n
Banknotes
+ September 2013
15
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Taking the
Pain Out of
Core Conversions
David Hyberger, Vice President of Conversions, Computer Services, Inc. (CSI)
W
hy do bankers fear core conversions? One
factor is the fear of change itself – has the
bank made the right decision in investing
heavily in a technology platform that will
be the backbone of all bank operations?
Another factor is the volume of work that goes into a coreconversion project. Ensuring that every transaction, customer, and
report makes the transition from one data processor to another
can be tricky, especially if changing the format of the database.
And the final factor many bankers argue makes core conversions
painful is the people side – getting staff trained on a new system
and comfortable with using it to its maximum capabilities.
The good news? While a core conversion will always be a largescale project, there are distinct steps banks can take to ensure
the conversion is as smooth as possible. From preparing the
data to preparing the staff, a little bit of planning in advance
goes a long way toward ensuring a successful transition.
Prepare the Process
Any successful conversion begins with a clear process detailing
how the bank will manage the project. Banks and processors
must ask a great deal of questions up front and prepare a clear
blueprint of the conversion. Keep in mind that it is imperative
Banknotes
for the bank’s management, at all levels, to participate in the
planning and completion of all tasks on the project plan.
Remember, too, that banks must plan out the conversion on
paper before tackling the work itself. Set a schedule and stick
to it, because the schedule drives cost, and sticking to it also
improves decision-making. In the words of author Steven Covey,
beginning with “the end in mind” keeps the bank focused on
the goals and end results, and helps guide the steps in between.
In terms of whether to perform the conversion piecemeal or
in its entirety, it’s generally best practice to take an all-at-once
approach. This helps ensure the overall integrity of the bank’s
everyday operations. The strongest core providers will convert
everything as close to the way a bank is currently processed
as possible, minimizing new products and services at the
beginning of the conversion window and adding new options
later after the dust has settled.
Prepare the Tech
Preparing the technology itself begins with the most critical
step of all: ensuring the data is ready for the migration from one
system to the next. Getting basic customer account information
correct is critical to a successful conversion. Take the time to
scrub data in the original system as much as possible, so that the
new system receives the most accurate information as possible.
+ September 2013
19
Also be aware of how reporting is completed in the new system
compared to the old. Compare reports and tests from both
systems to ensure that the new core platform can produce the
items and formats necessary to evaluate the bank’s data.
Training should be more than a one-time orientation program.
Ongoing webinars, eLearning classes, in-person training,
phone support, and “conversion schools” all can help bank
staff prepare for and better utilize the new system.
Staff also must be prepared to quickly fix problems in the
new system. In even the most seamless conversions, there
are small issues that will pop up – a data field that doesn’t
migrate correctly or an auxiliary integration that hangs up. By
constantly testing and remaining primed to troubleshoot any
issues that arise, banks are mentally prepared for the small
hiccups that will inevitably occur.
Banks also should communicate with customers any potential
impact. If systems will be offline or unavailable for some reason,
communicate that clearly and well beforehand to ensure that
customers understand the changes that are coming.
Prepare the People
While preparing the process and preparing the tech are
critical, nothing is more important than preparing the people.
Training and communication are vital to the successful
conversion. Have end users practice using the new system
before official rollout. End-user training on the new core
system also is important to user adoption and the ultimate
success of the project.
20
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+
While a core conversion will always be a major undertaking,
spending the time to properly prepare the process, the tech
and the people will set a bank up for success. n
During his more than 30-year career with CSI, Hyberger has been
involved with numerous aspects of core conversion projects, including
strategic planning, education services and onsite implementations.
He currently oversees the implementation of new banks onto CSI’s
NuPoint core-bank processing system.
Banknotes
LEFT:
CBAI Chairman
Rick Jameson,
Morton Community
Bank, tees off at
the Group 13
Meeting held at
Kokopelli Golf
Course, Marion.
TOP:
Representatives of
First State Bank,
Mendota at the
Group 5 Meeting,
Pontiac Elks Club.
BOTTOM:
Nancy Mueller,
Beth Cotner, and
Debra Hilligoss of
Scott State Bank in
Bethany at the Group
9 Meeting, Mattoon
Country Club.
2013
Group Meetings
Wrap Up
T
he 2013 Spring Group Meetings attracted more
than 600 bankers from more than 150 banks, as well
as 178 representatives from 119 associate member
firms, guests and staff, for a total attendance of
nearly 800 individuals. At odd-numbered Group Meetings,
CBAI members elected Group Directors to represent them
during a two-year term. The re-elected (R) and elected (E)
CBAI Group Directors for those groups are:
Group 1: David Loundy, Devon Bank, Chicago (R)
Group 3: Dianna Torman, Prairie Community Bank, Marengo (R)
Group 5: Tim McConville, First State Bank, Mendota (R)
Group 7: Mike Mahair, First Mid-Illinois Bank & Trust, N.A.,
Mattoon (E)
Group 9: Eric McRae, First Mid-Illinois Bank & Trust, N.A.,
Mattoon (E)
Group 11: David Pirsein, First National Bank in Pinckneyville (R)
Group 13: John Dosier, First Southern Bank, Carbondale (E)
Appreciation goes to the following CBAI associate member
firms that served as sponsors. Their generous contributions
supported the more than $1,500 in golf and door prizes at
each event, as well as the informational book distributed to
each individual in attendance.
Banknotes
Five-Star Sponsor
THE BAKER GROUP, Oklahoma City, OK
Four-Star Sponsors
Community BancService Corporation, Springfield, IL
Independent Community Bankers of America, Washington, D.C.
iZale Financial Group, Schaumburg, IL
Three-Star Sponsors Federal Home Loan Bank of Chicago, Chicago, IL
Quad City Bank & Trust Company, Davenport, IA
Welch Systems, Inc., Peoria, IL
Two-Star Sponsors
Brown, Hay & Stephens, LLP, Springfield, IL
Harland Clarke, Oswego, IL
Lewis, Rice & Fingersh, L.C., St. Louis, MO
SHAZAM® Network, Davenport, IA
One-Star Sponsors
Ameren Energy Marketing, Collinsville, IL
BKD, LLP, Decatur, IL
BancVue, Austin, TX
Bank Trends, Portland, OR
+ September 2013
25
Allen Kaisor and Mary Sulser, Buena Vista National Bank, Chester,
enjoy the golf course in Okawville at the Group 11 Meeting.
Felix Brandon Lloyd of BancVue educated the attendees on
financial education at 10 of the 11 Group Meetings.
Kerry Hoops, German-American State Bank, German Valley, plans his next
shot at the Group 4 Meeting at Freeport Country Club.
Community BancInsurance Services, Inc.,
Powered by Nicoud Insurance, Springfield, IL
Computer Services, Inc., Valparaiso, IN
Continuity Control, New Haven, CT
Diebold, Incorporated, Hamilton, OH
Diversified Crop Insurance Services, Jacksonville, IL
Walt Garner Associates, Inc., Edmond, OK
Midwestern Securities Trading Company, LLC,
East Peoria, IL
Plante & Moran, PLLC, Chicago, IL
Sageworks, Inc., Raleigh, NC
Southwest Financial Services, Cincinnati, OH
Systemax Corporation, Springfield, IL
Wipfli LLP, Sterling, IL
Young & Associates, Kent, OH
The following firms stepped forward as golf-hole sponsors at CBAI’s Group Meetings:
Hole Sponsors of 4-6 Group Meetings
Federal Home Loan Bank of Chicago, Chicago, IL
Levi, Ray & Shoup, Inc., Springfield, IL
Hole Sponsors of 7-10 Group Meetings
Affinion Group, Franklin, TN
Ameren Energy Marketing, St. Louis, MO
THE BAKER GROUP, Oklahoma City, OK
26
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+
BancVue, Austin, TX
BankOnIT, Oklahoma City, OK
Bank Trends, San Francisco, CA
Community BancInsurace Services, Inc., Powered by Nicoud
Insurance, Springfield, IL
Community BancService Corporation, Springfield, IL
Corporation Service Company, Chicago, IL
CSI Board Portal Intranet, Paducah, KY
Continuity Control, New Haven, CT
Diebold, Incorporated, Hamilton, OH
Diversified Crop Insurance Services, Jacksonville, IL
Executive Benefit Options LLC, Aurora, IL
First Data Resources, Inc., Austin, TX
Fuse/Systemax, Springfield, IL
Harland Clarke Printed Products, Oswego, IL
ICBA Bancard, Washington, D.C.
Impact Financial Services, Franklin, TN
Midwest Office Supply, Springfield, IL
Jeffrey Rice Audit Consulting, Windsor, IL
Sageworks, Inc., Raleigh, NC
SHAZAM® Network, St. Louis, MO
Southwest Financial Services, Cincinnati, OH
Triad Financial Services, Bourbonnais, IL
Welch Systems, Inc., Peoria, IL
WorldPayTM, Atlanta, GA
Wolters Kluwer Financial Services, St. Cloud, MN
Banknotes
LEGAL LINK
Obtaining
Mortgage Releases
Jerry Cavanaugh, CBAI General Counsel, Springfield, IL
H
as your community bank ever had a customer who
complained that (s)he was having great difficulty
getting a prior mortgage released by Big Box
Mortgage Bank? I occasionally get inquiries about
whether Illinois has a law addressing any obligation for release
of mortgages that are fully paid off, and whether there is any
timeline for meeting such an obligation.
DID
YOU
KNOW?
Section 2 of
the Mortgage
Act goes on to
specify precise
language in
bold font
of at least
¼-inch height
explaining that
the release is
issued for the
protection of
the mortgagor/
owner and is
to be filed with
the County
Recorder in
whose office
the mortgage
or deed of trust
was filed
28
The answers are “Yes,” and “Yes.” Section 2 of Illinois’ Mortgage
Act mandates that every mortgagee that has received full
payment in satisfaction of the mortgage debt owed “shall, at the
request of the mortgagor” or the request of the mortgagor’s heirs
or legal representative, make and deliver a written instrument
releasing the mortgage and the written mortgage release shall
be suitable for recordation with the county Recorder of Deeds.
In fact, Section 2 of the Mortgage Act goes on to specify precise
language in bold font of at least ¼-inch height explaining that
the release is issued for the protection of the mortgagor/owner
and is to be filed with the County Recorder in whose office the
mortgage or deed of trust was filed.
With regard to the time frame or deadline for a fully paid off
mortgagee to issue a written release upon request of the
mortgagor (i.e., how long Big Box Mortgage Bank can drag its
feet before issuing the written release), that answer is found in
Section 4 of the Mortgage Act, which specifies that a fully paid
mortgagee must “within one month” comply with the mortgage
release requirements in Section 2. Thus, once the mortgage
is fully paid off and the mortgagor has made a request for
issuance of a mortgage release (the statute does not require that
the mortgagor’s request be in writing, but a written or e-mail
transmission of the request that could serve to memorialize the
date of the request would be advisable), the law obligates Big
Box Mortgage Bank to issue a written release within one month.
www.cbai.com
+
And what happens if Big Box Mortgage Bank violates its
requirement to issue a written release within one month?
Section 4 of the Act states that an aggrieved mortgagor can go to
civil court to recover a penalty of $200 (plus attorney’s fees) from
Big Box Mortgage Bank. Once you stop laughing at the prospect
of a mortgage operation that makes billions in earnings per
calendar quarter being intimidated into compliance by a threat
of a token monetary penalty, consider a couple of other avenues.
First, many of the Big Box Mortgage banks, or their subsidiaries,
are the very same entities that are constantly battling the U.S.
Justice Department, State Attorneys General, and/or supervisory
bank regulatory agencies over mortgage-fraud schemes, often
resulting in settlements or huge fines. If Big Box Mortgage Bank
chooses to disregard the mandates and consumer protections
of existing law (i.e., the Mortgage Act) the aggrieved mortgagor
might want to contact Big Box Mortgage Bank’s prudential bank
regulator, or the Attorney General’s office or the Consumer
Financial Protection Bureau to solicit governmental leverage or
assistance. After all, one Big Box Mortgage Bank runs television
commercials with the tag line “sometimes you need an Ally.”
A second option would be to consult with your bank’s attorney
about the possible applicability of another Illinois statute,
the “Mortgage Certificate of Release Act” [765 ILCS 935/1].
That Act allows, within the conditions stated therein, for the
creation of a valid and effective mortgage release document
by a title insurance company or title insurance agent who
can document the loan payoff of a pre-existing mortgage. If
you would like to receive copies of any of these statutes (I’m
hopeful that your attorney already has access to them), please
feel free to contact me at CBAI. 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
On the occasion of his retirement celebration on June 28, Bill
Richelman of First State Bank of Campbell Hill was
presented with a 50-years-in-community-banking statue by CBAI
SVP Communications, Andrea Cusick.
officer and lender at Southern Trust Bank’s Goreville branch
and prior to that he was a credit officer for Banterra’s Marion
branch. Bailey received a bachelor’s of science degree in finance
from Southern Illinois University Carbondale and an associate’s
degree from Shawnee Community College, Karnak.
First Mid-Illinois Bank and Trust, N.A., Mattoon (First
Mid) has hired Nicholas Schneider as AVP, commercial
loan officer, for the Mansfield branch. He brings extensive
background in agricultural and commercial lending as well as
farm-management experience to the position. Aaron C. Wolff
recently joined First Mid in Bloomington to serve as branch
manager. Wolff has broad experience in management and sales
and has previous banking experience as a personal banker in
Champaign. Matt Tanner has been promoted to regional
deposit manager for the Decatur region. Matt began his career
with First Mid in 2007 serving as Mahomet branch manager,
and transitioning into the role of Champaign-area branch
manager for First Mid earlier this year.
Darla Tuttle, AVP and branch manager of the Dalton City
branch of Scott State Bank, Bethany, has retired after 31
years. In other news, Scott State Bank will open a branch in
Mt. Zion in the fall of 2013 at 1120 State Highway 121. James
Scott, the grandfather of the bank’s founder A.R. Scott, settled
in the Mt. Zion area in 1824, after selling the family farm in
Tennessee and freeing its slaves.
Security Bank, s.b., Springfield has appointed Nina
Harris and James Hillestad to its board of directors. Harris
is president and CEO of the Springfield Urban League, Inc.,
where she has worked since 1992. Hillestad is president of sales
at Nicoud Insurance Services of Springfield. For more than
two decades, he has worked in the insurance arena; Nicoud is
the administrator of Community BancInsurance Services,
Inc., a preferred service provider of Community BancService
Corporation, Inc.
Carol Radtke, CPA, retired from Security Bank, s.b.,
Springfield on July 19, 2013 after 13 years with the bank.
Radtke began her banking career at Citizens Savings and Loan
Association as VP and CFO. She served as president and CEO
of Litchfield Community Savings and Loan and as VP and CFO
of Jacksonville Savings Bank. An Open House honoring Carol
for her service to Security Bank was held on July 19.
Legence Bank, Eldorado has hired Shawn Bailey as
commercial loan officer; he will also work on agricultural
loans. Bailey will be based in the Legence Bank Vienna branch,
and will focus on business development in Vienna and the
surrounding area. Most recently, Bailey served as a senior credit
Laura Walk and Marsha Wittenberg of First Mid-Illinois
Bank and Trust, N.A., Mattoon (First Mid) were recently
awarded the Certified Trust & Financial Advisor (CTFA)
designation from the Institute of Certified Bankers (ICB),
in Washington, DC. The CTFA designation is awarded to
individuals who demonstrate excellence in the field of wealth
management and trust. Wittenberg is an officer in the bank’s
Trust and Wealth Management Division and member of the
management team. Walk is a trust administration officer. Peggy
Lawson, VP, director of human resources has completed
the examination requirements and earned certification as a
Professional in Human Resources (PHR) from the HR Institute.
In other news, First Mid has opened a third banking center,
in Decatur. The new banking center opened in late July and is
located at 1688 South Baltimore Avenue. Tina Miller has been
hired as customer-service supervisor at the new location. She
has a strong knowledge of banking and of Decatur having served
as a financial-service representative at a local credit union and
as teller supervisor at a community bank.
Michael Little has joined Marine Bank, Springfield as
vice president of commercial lending. Little has 15 years of
experience in business development, financial advising, and
team leadership. He earned a bachelor’s degree from San
Diego State University and went on to become a registered
financial and insurance advisor. Eric J. Flick has joined
Marine Bank as VP of commercial lending. Flick has 12 years
of banking experience, including branch management, credit
analysis, and commercial lending. He earned a bachelor’s
degree in economics from the University of Illinois at Urbana-
+ September 2013
31
MEMBER NEWS
Champaign. In other news, Marine Bank, Springfield and
Schuyler State Bank in Rushville, have announced the
planned merger of the two. The merger has been approved
by both boards of directors and is subject to regulatory and
shareholder approval. As a result of the merger, Marine Bank
will add the Rushville and Macomb branches to its existing
network of seven Springfield area branches, two Champaign
branches, and a loan production office in Bloomington. Dana
Roudebush, president of Schuyler State Bank, will continue
to manage the Rushville and Macomb locations and will
also become a member of senior management with Marine
Bank. The merger is expected to be completed in the fourth
quarter of 2013.
Kimberly Barr, assistant vice president of human resources
of Legence Bank, Eldorado, has obtained the credentials of
Professional in Human Resources (PHR). Barr completed a 10week course at John A. Logan College to prepare for the exam,
which focuses on technical and operational aspects of human
resource practices, U.S. law, and regulations.
Jason Knoedler, VP at Bank of Springfield and a member of
Springfield’s Westside Rotary Club, threw out the ceremonial first
pitch prior to the start of the Cardinals’ game with the Chicago
Cubs on August 10. Westside is one of four Springfield Rotary
clubs taking part in the annual ticket sale to benefit the Rotary’s
Literacy Program. Local clubs have sold more than 1,500 tickets
for the game. Knoedler was a junior-college standout at Lincoln
Land Community College, Springfield, played at Miami (Ohio),
and was drafted in the sixth round of the 2001 First-Year Player
Draft by Detroit. He spent five seasons in the Detroit system,
making it as high as Class AA.
STC Capital Bank, St. Charles, has signed an agreement
to merge with Bank of Palatine, pending regulatory approval.
The resulting bank will be known as STC Capital Bank.
Growth Corp has been awarded Illinois’ 504 Lender of the Year by
SBA. This prestigious award represents Growth Corp’s continued
support and extraordinary contribution to the small business
community. Douglas Kinley, president, accepted the award during
the Illinois Small Business Week Awards Luncheon in Chicago. In
2012 alone, Growth Corp approved 276 loans, which facilitated
the investment of more than $368 million into the small-business
community, creating and/or retaining over 4,200 jobs.
Midwestern Securities Trading Company, LLC has added
Alina Flagg and David Gustafson to its staff in the home
office. Flagg has an environmental engineering degree from the
University of Agricultural Sciences and Veterinary Medicine
in Cluj-Napoca, Romania. As operations associate at MSTC,
she processes new accounts, assists in account transfers, and
handles insurance licensing and appointments, among other
duties. Gustafson is a senior at Bradley University, Peoria and
will graduate in the fall with degrees in finance and accounting.
In his role as associate, he assists the firm’s network of financial
advisors with a wide array of administrative tasks.
Computer Services, Inc. (CSI), a provider of end-to-end
technology solutions, has become an OEM partner of SAP
(NYSE: SAP) to provide the SAP® BusinessObjects™ Business
Intelligence (BI) platform embedded within CSI’s NuPoint
core system. The SAP BusinessObjects BI platform provides a
flexible and scalable infrastructure designed to help users more
easily discover and share insights for better business decisions.
Howard & Howard Attorneys PLLC has hired Ellen
E. Ernst to join the firm. She is practicing out of the firm’s
Chicago Office. Ernst concentrates her practice in the area of
corporate taxation, providing businesses with tools and planning
strategies around tax minimization. Ernst received her M.S. in
Taxation from the University of Illinois at Urbana-Champaign
in 2013, her J.D. from Boston College Law School in 2005, and
her B.A. from Kent State University in 2001.
32
www.cbai.com
+
Banknotes
MEMBER NEWS
Lee Christensen, CPA, has been elected to partnership in
the Financial Institutions Practice of Wipfli LLP. With over
27 years of experience in public accounting specializing in
serving financial institutions, Christensen provides a wide range
of audit and accounting services to financial institutions in the
Midwest. She holds a bachelor’s of science degree in accounting
from Minnesota State University-Moorhead.
Elizabeth Snyder has joined Plante Moran to lead its
regulatory-compliance team for the financial-institutions
practice. She has more than 25 years of experience. Steve
Schick is one of 12 newly elected partners at Plante Moran.
Schick, 34, CPA, is based in Plante Moran’s 10 S. Riverside
office in Chicago. His financial-institutions practice focuses
on providing services to both privately held clients and SEC
registrants. Schick has a bachelor’s of science degree in
commerce from DePaul University, Chicago.
staff NEWS
In
Audrey & Jerry Stapel
Memoriam
State Bank of Toulon has made a donation of $5,000
to the CBAI Foundation for Community Banking
in memory of Gerald C. Stapel who passed away May
6 at age 85. He started in the bookkeeping department
of the bank in 1953, was named assistant cashier in 1956,
was elected cashier and secretary of the board in 1958, in
1967 became vice president, and rose to become president/CEO
and a member of the board of directors in 1970. He served several
years as a CBAI board member and was awarded a 50-years-inbanking recognition in 2003 from CBAI.
Stapel entered the U.S. Army in 1950 and served in the
7th Infantry Division in Korea during 1951 and 1952. He
was awarded the Korean Service Medal with three Bronze
stars and U.S. Service Medal and released from active
duty in 1952. He married his wife, Audrey, in 1954; she
survives along with his son Jerry Jr., wife Cindy, grandsons
Christopher and Jonathan, and granddaughter, Bethany.
=============
Megan Peck and her husband, Ed, are the proud
parents of Eliza Pearl, born June 16. She was 6 lb. 12
oz. and 20 ¾ inches at birth. Both baby and mother are
doing well. Peck is CBAI’s VP Governmental Relations.
Lesa Black, Princeville, has
joined the staff of Community
BancService Corportion, Inc.
(CBSC) as vice president of
member services. Black will
concentrate her efforts in the
northern portion of the state, with
the exception of the Chicago
metro area. In her new capacity,
Black is responsible for meeting
with Illinois community bankers to
ascertain their needs and present
association solutions that will help them compete more
effectively. She will also represent CBAI and CBSC at
area banking-related events.
Black has been involved in community banking for
29 years, not only as a banker, but also as a banking
consultant. She has served in nearly every area of a
community bank operation, most recently as an officer
in the internal audit, compliance, and BSA areas for
Princeville State Bank. Black began her banking career at
Citizens National Bank, Albion, and also worked for First
State Bank, Mendota. During her audit-consulting career,
she worked for Jeffrey A. Rice Audit Consulting and
Lindgren, Callihan, VanOsdol & Co., Ltd. (now Wipfli, LLP).
+ September 2013
33
BAKER Seminar
S ta n d i n g R o o m O n l y
T
HE BAKER GROUP’s annual Springfield meeting was
held August 5 at Illini Country Club. More than 140
bankers attended a seminar led by Ernie Goss, economics
Banknotes
professor from Creighton University in Omaha, NE, and Ed Krei,
managing director of THE BAKER GROUP, Oklahoma City, OK
(shown in photo). An outing for 98 golfers followed.
+ September 2013
37
38
www.cbai.com
+
Banknotes
CBAI
• CBAI’s Career Development Division (CDD) has
pledged to increase its Foundation donations to the Diamond
Level of $50,000 in order to become a sponsor of the
Community Bankers School Scholarship!
• State Bank of Toulon made a $5,000, Silver-level
donation in memory of bank director Jerry Stapel
(see “In Memoriam”).
• A donation was made in the name of Kent Schwerin,
Flanagan State Bank, for assisting in the recruitment of
new associate member Premier Home Mortgage, Inc.
• The staff of State Bank of Toulon has continued its
money-raising program for local charities in a “Jeans Day.”
Each employee who participates pays a fee to do so and may
wear jeans to work on Fridays each month, with the proceeds’
recipients rotating each month. The CBAI Foundation was a
recent beneficiary of $250 due to the effort.
Foundation for
Community Banking
• Board and staff 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; Jerry
Cavanaugh, CBAI; Greg Cavitt, Community Trust
Bank, Irvington (Centralia branch); Will Coolley,
Longview Capital Corporation, Newman; Shawn
Davis, CNB Bank & Trust, N.A., Carlinville; Terry
Griffin, CBAI; Rick Hiatt, Morton Community
Bank; Rick Jameson, Morton Community Bank;
Joe Leenerts, Herrin Security Bank; David Loundy,
Devon Bank, Chicago; Kraig Lounsberry, CBAI;
Cindy Martin, Lena State Bank; Dave Pirsein,
First National Bank, Pinckneyville; Jeff Rolczynski,
American Midwest Bank, Sycamore; and Bill
Wubben, Apple River State Bank.
Welcome
New Members
New FINANCIAL
INSTITUTION MEMBERS
Pulaski Savings Bank, Chicago
Premier Home Mortgage, Inc.
Martin & Karcazes, Ltd.
Jane Rogocki, EVP
1925 S. Bridge Street
Yorkville, IL 60560
Robert Anderson, Vice President
630-882-5829
www.phmtpo.com
[email protected]
161 North Clark Street, Suite 550
Chicago, IL 60601-3376
George D. Karcazes, Principal
312-332-4550 / Fax: 312-332-4905
www.martin-karcazes.com
[email protected]
Milford Building &
Loan Association, SB
Craig Luke, CEO
Streator Home Building
& Loan Association, SB
Patti Hozie, Vice President/
Compliance Officer
New ASSOCIATE
MemberS
Banknotes
Mortgage Banker
Law Firm
(For assisting in the recruitment of this
member, a $50 donation was made in the
name of Kent Schwerin, Flanagan
State Bank, to the CBAI Foundation for
Community Banking.)
+ September 2013
39
C
Webinar
O
M
I
N
G
A T
T
R
A
C
T
I
O
OCTOBER
NOVEMBER
1Auditing BSA –– CBAI Education Center, Springfield
2Handling Customer Credit Report Disputes
3 Advanced Bankruptcy Issues
4Branch Manager/HR Forum Group B ––
Hilton Lisle/Naperville
7CFO Conference –– CBAI Education Center, Springfield
8CFO Conference –– Hilton Lisle/Naperville
8Debt Service Coverage Calculations in Underwriting
9IT Seminar –– CBAI Education Center, Springfield
10Branch Manager/HR Forum Group A ––
CBAI Education Center, Springfield
10IT Seminar –– Hilton Lisle/Naperville
10Recent Accounting Developments & A Look Ahead
15-17Consumer Lending Institute ––
16Critical Risk Factors in Loan Portfolio Management
17CEO Forum Group II –– Holiday Inn, Mt. Vernon
17New CFPB Mortgage Servicing Rules
Effective January 10, 2014: Community Bank
Considerations in Moving from Balloon to ARM Loans
21-22CDD Fall Meeting –– Marriott Hotel, Peoria
22Dealing with Adverse Action: What to Do & When to Do It?
24ACH Seminar –– Hilton Lisle/Naperville
N
1Seminar for the Community Bank Attorney ––
Hilton Garden Inn, Springfield
5CBC Program 1st Quarterly Meeting ––
Hilton Hotel, Springfield
5Business Signature Cards & Resolutions:
Entities, Authority & Documentation
6CBC Program 1st Quarterly Meeting ––
Hilton Lisle/Naperville
6ACH Seminar –– CBAI Education Center, Springfield
6FDIC Records & Related Email Retention Rules
13Commercial Loan Annual Credit Review
14Documenting Your Strategic Plan Years 1, 3 & 5:
Meeting Examiner Expectations
15Ag Credit Analysis –– CBAI Education Center, Springfield
19Women-in-Community Banking Conference ––
Crowne Plaza, Springfield
19Senior Lender Forum Group II ––
19What You Need To Know About Guarantors, Co-Signers,
Personal Guarantees & Joint Applications
20Senior Lender Forum Group I ––
20Simplifying the Compliance Function:
Tools, Checklists & Reporting To Keep You On Track
21Senior Lender Forum Group III ––
24Perfection of Security Interest in Collateral &
Proper Foreclosure Procedures After Default
21Fair Labor Standards Act:
Dos & Don’ts of Exempt & Non-Exempt Pay Issues
29ACH Seminar –– Holiday Inn, Mt. Vernon
22Senior Lender Forum Group IV ––
29Advanced Facebook Strategies for Community Banks
S
25New CFPB Mortgage Servicing Rules Effective January 10,
2014: What Community Banks Must Do To Comply
26Form 1099 Reporting: Third-Party Vendors,
Foreclosures, Debt Forgiveness & More
40
www.cbai.com
+
Banknotes
+ September 2013
41
I N D E X
O F
A D V E R T I S E R S
The ALPS Group
34
Diebold18
Quad City Bank & Trust
34
Ameren Energy Marketing
30
First Line
The Redmond Company
22
Sageworks Surety
13
SHAZAM ®, Inc.
29
The Baker Group24
Fiserv30
BancVue43
Howard & Howard
BKD
llp 05
03
IBT15
Southwest Financial Services, Ltd. 32
Capaha Bank
16
ICBA35
Spotlight Financial/BankTrends
Cardinal Software
17
iZale Financial Group
Systemax/FUSE30
Community
BancInsurance Services
33
Continuity Control
10
CSI37
42
17
www.cbai.com
+
36
37
LKCS20
Triad Financial Services
30
Mortgage Services III, LLC
23
Welch Systems Incorporated
44
PG Architecture
11
Wipfli LLP
21
Plante Moran
07
Young & Associates, Inc. 02
Banknotes
Banknotes
Community Bankers
Association of Illinois
901 Community Drive
Springfield, IL 62703-5184

EmpowErmEnt for Community Banks

Transcription

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