Dakota School of Banking - North Dakota Bankers Association

Transcription

A publication for members of the North Dakota Bankers Association.
June
18,3,2015
March
2016
Volume 16 • Issue 3
Dakota School of Banking
June 19–24, 2016 • University of Jamestown • Jamestown ND
Bankers Enjoy Warm
Weather, Education &
Networking
at the
2016 Bank
Management
Conference
NDBA • PO Box 1438, Bismarck, ND 58502-1438 • Ph: 701.223-5303 • Fax: 701.258-0218 • Email: [email protected] • www.ndba.com
CHaiRMaN’S CORNER
One of the biggest privileges we have as banking professionals is the opportunity to build lasting relationships
with colleagues and people in our communities over the course of our careers. At the Bank Management
Conference in Scottsdale, Arizona in mid-February, some of us were fortunate to come together to network,
learn, discuss and train while making those relationships even better. The board meetings and conference were
a success and a very positive experience for all in attendance.
Corey Cleveland
NDBA Chairman
Senior Vice President of
Commercial Lending, United
Valley Bank, Grand Forks
NDBA now looks to the ABA GR Summit in Washington DC where North Dakota bankers will meet with
our congressional delegation to discuss changes to better serve our customers. In addition, several Peer Group
meetings have been scheduled over the course of the next few months. Spring is always a time for education
events and NDBA will be offering many programs of the next months.
As always, we look forward with anticipation to the NDBA/SDBA Annual Convention in June. Registration
information for the convention will be coming soon.
I look forward to a spring season marked with growth, not only in
the landscape, but in our North Dakota banks as well.
Upcoming NDBA Events
MARCH 2016
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New Accounts Seminars
Fargo and Bismarck
ERM Peer Group - Bismarck
Audit Peer Group - Bismarck
Tri-State Trust Conference
Hilton Garden Inn, Fargo
May 2016
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Compliance Peer Group - Fargo
CFO Peer Group - Fargo
June 2016
OCTOBER 2016
SEPTEMBER 2016
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HSA Workshop - Radisson Hotel, Bismarck
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IRA Seminars - Radisson Hotel, Bismarck
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IRA Seminars - Ramada Plaza Suites, Fargo
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Human Resource Peer Group - Bismarck
14–16
ABA GR Summit - Washington, D.C.
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IT Peer Group - Bismarck
29–Apr 1 Dakota School of Lending Principles
Radisson Hotel, Bismarck
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NDBA Board Meetings - Bismarck
NDBA/SDBA Annual Convention
Ramkota Hotel, Bismarck
University of Jamestown, Jamestown
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Graduate School of Banking at Colorado
Boulder, CO
31-Aug 12 Graduate School of Banking
Madison, WI
CoNTeNTS
EXECUTIVE COMMITTEE
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W E
L C O M E
CHAIRMAN
CHAIRMAN-ELECT
TREASURER
Corey Cleveland
Tom Stennes
Steve Rehovsky
United Valley Bank
Grand Forks
Harwood State Bank
Harwood
First United Bank
Park RIver
[email protected]
[email protected]
[email protected]
NDBA BOARD OF DIRECTORS
Karl Bollingberg
Rob Koppinger
Greg Schwab
Alerus
Grand Forks
Kirkwood Bank & Trust Co.
Bismarck
Choice Financial Group
Bismarck
kbollingberg@w
[email protected]
[email protected]
Judd Graham
Jan Odin
Holly Stromsodt
Wells Fargo Bank
Fargo
Unison Bank
Jamestown
Citizens State Bank of Finley
Finley
[email protected]
[email protected]
[email protected]
FEATURES
Barry Hanson
Dale Patten
George Wald
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United Valley Bank
Cavalier
Cornerstone Bank
Watford City
Dickinson
[email protected]
[email protected]
[email protected]
Jason Hauff
Deb Schouweiler
Bob Willer
Dakota Heritage Bank of ND
Hunter
Peoples State Bank
Fairmount
[email protected]
American Trust Center
Bismarck
Bruce Schreiner
James Williams III
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Bankers Enjoy Sunny Weather at Bank
Management Conference
2016 NDBA/SDBA Annual Convention
[email protected]
20
2016 Tri-State Trust Conference
Bob Humann
27
From Farm Credit to Fintech: The Case for
Leveling the Playing Field
[email protected]
38
Live Well, Work Well: Sports Drinks & Energy
Bars
Bank of North Dakota
Bismarck
Calendar of Events
3
NDBA Directors & Staff
4
Endorsed Business Partner Spotlight
NDBA Education Events & Webinars
Todd Heilman
Darren Haugen
Jeff Leuthold
Western State Bank
Devils Lake
Starion Financial
Mandan
Cornerstone Bank
New Town
[email protected]
[email protected]
[email protected]
Al Erickson
Joe Herslip
Jolene Muscha
Gate City Bank
Fargo
Bank of North Dakota
Bismarck
Bank of Glen Ullin
Glen Ullin
[email protected]
[email protected]
[email protected]
Greg Goodman
Gary Inman
Langdon
Bell State Bank & Trust
Fargo
Jeremy Skoglund
[email protected]
[email protected]
Bismarck
[email protected]
NDBA STAFF
40Happenings
46
[email protected]
CHAIRPERSON
6-11Articles
12
[email protected]
First State Bank of ND
Casselton
NDBA SERVICES, INC. BOARD OF DIRECTORS
IN EVERY ISSUE
2
Garrison State Bank and Trust
Garrison
[email protected]
Bankers’ Classifieds
Rick Clayburgh
Marilyn Foss
Ann Reich
President and CEO
General Counsel
SVP of Strategic Partnerships
[email protected]
[email protected]
[email protected]
Jackie Bauer
Jolene German
Lisa Vance
Business and Database
Coordinator
Administrative Assistant
[email protected]
Mission Statement
[email protected]
Angi Day
SVP of Education
Extraordinary Leadership for
North Dakota Banks
Benefits Coordinator
[email protected]
[email protected]
3
Dorothy Lick
Communications and Marketing
Coordinator
[email protected]
ENDORSED
BUSINESS PARTNERS
SPOTLIGHT
SBS was founded in 2004 as a spin-off of the Center to
continue assisting the financial industry with ever-changing
information security needs and regulations. With the 2014
acquisition of Blu3 Technologies, SBS has grown to a team
of over 75 employees that work diligently to protect the
security of financial institutions from coast to coast.
Secure Banking
Solutions: Built on
a Foundation of
Education
A Foundation of Education
Over the last 12 years Secure Banking Solutions (SBS) has
grown from a regional business run by a college professor
and a few of his brightest scholars to an Inc. magazine 5,000
Fastest Growing Companies in America honoree three years
running. Today SBS is a premier cybersecurity company
that aims to make a positive impact on financial institutions
and help them achieve successful IT examinations. The
company works closely with banking associations and
regulators to help implement valuable programs to promote
risk management and oversight of cybersecurity threats and
incidents.
Although much has changed in the security landscape
since the early years of the company, one thing has
remained consistent for SBS - a foundation of education.
Over the years SBS has grown into a leading provider of
cybersecurity education in the financial industry. The SBS
Institute was created in 2014 to offer a variety of unique,
industry-specific, role-based certifications, webinars, and
training opportunities to the financial industry. “For any
successful professional, solid training and education is
critical and provides a necessary framework to build strong
processes, knowledge, and skill upon. We bake education
into many components of a financial institution’s security
plan to help ensure its future success. Education has made
them strong decision makers, managers, and employees.
Financial institutions must rely on their knowledge and
skills to secure their strategic future around technology and
win battles against cybercrime,” says SBS Institute President
Chad Knutson.
Humble Beginnings
Following the implementation of the Gramm-LeachBliley Act (GLBA), small and medium sized banks in the
region were clamoring for assistance in understanding
IT regulations and creating a strong security program.
Meanwhile, Dr. Kevin Streff, professor at Dakota State
University (DSU) in Madison, South Dakota, was leading
the National Center for Information Security. The Center
was designed to advance the security and safety of the
nation’s financial infrastructure. It was the only program
in the country that focused on the protection of financial
services and was certified by the Department of Homeland
Security as well as the National Security Agency.
SBS doesn’t promote education exclusively for the financial
industry. The company strongly encourages the continuing
education of its employees through advanced degrees and
certifications. Several SBS employees, including founder
Dr. Streff, teach courses at DSU, one of only 14 universities
nationwide awarded as a Center of Academic Excellence for
Cyber Operations. SBS has provided student scholarships
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and employs students as interns and support staff. Many
students stay on as full-time employees upon graduation.
SBS is proud to have sponsored university security events
over the years, such as DakotaCon and GenCyber camps.
The DakotaCon security conference features a Network
Security competition for college students that focuses
on managing, securing, and defending a “commercial”
network infrastructure. The GenCyber camps are run by
Dr. Ashley Podhradsky, SBS digital forensics consultant.
The camps allows middle and high school students to
explore an interest in cybersecurity through learning about
programming, networking, and security.
The continued relationship with DSU provides a unique
advantage for SBS to predict future cybersecurity challenges;
and proactively create products, services, and educational
programs for customers. It also provides the company
with an opportunity to work with the brightest young
cybersecurity talent and sponsor programs to encourage the
expansion of the cybersecurity field.
Dr. Kevin Streff testifying on cybersecurity issues at the
Senate Commerce, Science, and Transportation Committee
field hearing on behalf of small and medium-sized financial
institutions.
SBS employees recognizing their Inc. 5000 award with South Dakota
Governor Dennis Daugaard and First Lady Linda Daugaard.
Secure Banking Solutions (SBS) is
your cybersecurity partner.
Offerings include:
We
Know
NEW! Managed Phishing and
Security Awarenss Services
TRACTM - Cybersecurity risk
management software
Cyber-RISKTM - Automated FFIEC
cybersecurity risk assessment
software
soft
Risk-Based Audits
Meet Nick Podhradsky!
Consulting Services
North Dakota Sales Manager
Full Service Vendor Management
[email protected]
(605) 770-3926
Role-Based Certifications
www.protectmybank.com
Endorsed Vendor
5
aRTiCLeS
NCUA Snubs Congress:
Expands Business Lending
Limitations Rule
Comments Invited on Rural
Area Designation Application
Proposal
T h e N a t i on a l C r e d it Un i on
Administration three-person board
sidestepped Congress and voted to
open the doors for credit unions to
engage in expanded commercial
lending activities effective Jan. 1, 2017.
Their action, among other things,
exempts participations in loans to
non-members from the statutory 12.25 percent member business
lending cap. It also eliminates explicit loan-to-value requirements,
aggregate limits on construction and development loans and the
requirement of a personal guarantee.
The CFPB is inviting comments on new agency procedures by
which businesses can appeal the CFPB’s designation of a rural
or underserved area. The proposal implements a regulatory relief
measure Congress passed in December.
The Dodd-Frank Act gave the CFPB discretionary authority to
exempt certain loans from the qualified mortgage rule for banks
serving areas that it deems “rural” or “underserved.” Given the
CFPB’s struggle to appropriately define what constitutes rural
or underserved, and the significant impact that the designation
- or lack thereof - can have on small lenders and their customers,
bankers urged Congress to require a formal process by which
banks can appeal for rural or underserved status.
According to SNL Financial, things became a little heated between
NCUA board members at the end of the meeting. When board
member J. Mark McWalters bemoaned a late change he was unable
to get into the regulator’s member business lending rule, Chairman
Debbie Matz questioned his work ethic.
Since Congress imposed a 90-day deadline to institute the
new appeals process, the CFPB is expediting OMB and other
clearances and plans to issue enabling procedural rules by March
3. The CFPB will accept comments for 60 days after the notice
is published in the Federal Register.
“Perhaps if you came more than three days a month and got
your briefing more than two days in advance, we’d be able to
have discussions about issues in a timely fashion. But once the
documents are printed and the agenda is set and printed, the train
has left the station,” she said.
To read more visit: https://s3.amazonaws.com/publicinspection.federalregister.gov/2016-03422.pdf
These are the people supervising the credit union industry that
everyone in Washington seems so intent on protecting from
taxation.
NCUA’s Matz Sets ‘Regulatory
Default Switch to Yes’
When you need experience now!
Know Your Options
T he Nat iona l Cred it Un ion
Administration is primed to answer
“yes” to credit union industry
requests, according to agency
chairman Debbie Matz, who was
speaking at a recent credit union
lobbying event.
“A top priority became making it easier for you to do business,”
she said. “Wherever possible, we moved the regulatory default
switch to ‘yes’ to make it easier for you to do business.” Matz
described the efforts NCUA has undertaken at credit unions’
requests, including removing the fixed assets limit, removing
member business lending limits, expanding credit union fields
of membership and expanding the low-income credit union
designation.
When it comes to your debit
Portfolio
You could be leaving “7 figures” on the table!
To view the speech visit: https://www.ncua.gov/newsroom/
Press/chairman-debbie-matz-GAC-speech-2016.pdf
www.copperrivergroup.com
6
aRTiCLeS
NDBA Needs Your HELP With the 2017 Legislative Session
The success of NDBA’s biennial legislative program is directly related to the
strength of its legislative committee. This, in turn, depends heavily on input
from NDBA member banks because banker originated ideas for new state laws or
changes to existing state laws are based on bankers’ everyday experiences.
The NDBA Legislative Committee is already preparing for the 2017 legislative
session. The committee will meet in May and is asking bankers for help.
Please let NDBA know what you think about laws that should be changed, adopted
or repealed and let us know about problems your banks have experienced over
the past few years. All bank submissions will be considered by the committee for
inclusion in the NDBA legislative program.
Marilyn Foss
NDBA General Counsel
Contact Marilyn Foss, General Counsel, at 701.223.5303
or email at [email protected] with your ideas.
Your input is critical!
White House Office of Management and Budget. That makes it
among the single largest corporate tax loopholes. The taxpayer
subsidy for credit unions is estimated to grow from $1.7 billion
last year to $3.6 billion by 2025.
Fed Issues Regulation to
Implement Dividend Cuts
The Federal Reserve issued an interim final rule modifying
Regulation I - which governs the capital stock issued by the
regional Federal Reserve Banks - to conform to the dividend
cuts passed by Congress in December’s highway spending bill.
The bill chopped the dividend paid to banks with more than
$10 billion in assets from an annual rate of 6 percent to the latest
high yield on 10-year Treasuries. Dividends for banks with assets
of less than $10 billion will see no change.
Transferring Authority: Fed
Repeals Regulation AA, Seeks
Comment Regulation C Repeal
As part of its transfer of certain rulemaking authority to the
CFPB, the Federal Reserve announced it has repealed Regulation
AA (Unfair or Deceptive Acts or Practices) and is inviting
public comment on its proposed repeal of Regulation C (Home
Mortgage Disclosure).
The changes to Reg I also include specifying when dividend
payments are made and how dividend totals will be accrued. The
Fed noted that its approach was intended to resolve conflicting
sections of the Federal Reserve Act following the highway bill’s
latest changes. The final rule also addresses payment of dividends
when a Fed bank cancels stock. The rule is effective immediately,
but comments will be accepted before April 29.
To read more visit: http://www.federalreserve.gov/newsevents/
press/bcreg/20160211a.htm
CFPB Considering ‘Ability to
Repay’ Rules for Small Dollar
Loans
To read the final rule visit: http://www.federalreserve.gov/
newsevents/press/bcreg/bcreg20160218a1.pdf
Credit Union Tax Exemption
Cost Taxpayers $27 Billion Over
Decade
The Consumer Financial Protection Bureau is continuing to
consider applying “ability-to-repay” standards to small dollar
loans, which would require lenders to verify a prospective
borrower’s income, major financial obligations and borrowing
history before making a loan, said director Richard Cordray.
The credit union tax exemption is valued at $26.8 billion over
10 years, according to the 2017 budget recently released by the
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For loans of 45 days or less, the proposal would allow a lender
to avoid the “ability-to-repay” standards if they abided by a
60-day “cooling off” period between loans or rollovers unless
the borrower’s financial condition could be documented to
have changed, with a two-rollover cap. The loan could not
exceed $500, carry more than one finance charge or require
the customer to offer his car as collateral. Lenders would be
prohibited from debiting a customer’s deposit account without
a three-business-day notice and would be required to stop
attempting after two unsuccessful debits.
of membership or common bond requirements and serve any
geographic area.
For loans of more than 45 days, the lender would be required
to determine the borrower’s ability to repay the loan; to limit
the loan’s amount to $1,000, impose a maximum 28 percent
interest rate and $20 application fee; or to limit repayment to 5
percent of the borrower’s gross monthly income.
com/uploads/resources/662/ndba_comment_letter.pdf
The proposal, which is part of the credit union industry’s
broad expansionist efforts, would allow these CUs to cross
state lines with minimal review; automatically be able to serve
entire Congressional districts; and allow credit unions based on
employer or associational groups to serve consumers through
transactional websites, effectively allowing national online credit
unions even where they do not have a physical presence.
To view NDBA’s comment letter visit: http://www.ndba.
NDBA, State Associations
Challenge Credit Union
Expansion
NDBA Submits Comment on
NCUA Field of Membership Rule
NDBA has joined with other state bankers associations in a
letter to the House Ways & Means and the Senate Finance
Committees asking them to closely examine the tax implications
of the credit union regulatory proposal to expand credit union
penetration.
In a comment letter to the National Credit Union Administration
(NCUA), NDBA strongly opposed a proposed rule that would
greatly expand membership eligibility for federal credit
unions at the expense of taxpaying community banks. As we
have reported, the NCUA’s proposal would allow federallychartered community credit unions to ignore almost all field
Improve
BANKER’S
EQUIPMENT
SERVICE
The National Credit Union Administration has proposed a
massive expansion of the “common bond” requirement, and has
proposed to act without any authority from Congress to do so.
Efficiency, Profitability & Customer Experience
888-890-6661 www.bankersequipment.com
8
aRTiCLeS
“The proposed changes should call into question whether the
82 year-old tax exemption is appropriate in the modern era,”
the letter said. “We are calling for Congress to level the playing
field between tax-paying banks and tax-exempt credit unions
that are otherwise virtually identical.”
senders and impose a fine on those unable to provide proof of
immigration. The report also examined whether the threshold
at which money transmitters are required to report and track
information funds transfers should be lowered from its current
level of $3,000.
The letter outlined the history of the expansion of credit unions
since the Great Depression. That’s when Congress established
federal credit unions with the specific purpose of providing
credit and small-dollar loans to people of modest means.
Moreover, this authority was limited to a customer base that
consisted of a small, close-knit group of individuals tied by a
meaningful connection or “common bond.”
To read the report visit: http://www.gao.gov/
assets/680/674676.pdf
Federal Regulatory Agencies
Expand Number of Banks and
Savings Associations Qualifying
for 18-Month Examination
Cycle
To help support this focused mission, Congress exempted
credit unions from federal income taxation. However, the
credit union marketplace has dramatically changed since the
time this policy choice was made.
The Fed, OCC and FDIC have issued a joint rule that would
allow banks with less than $1 billion in assets to qualify for
an 18-month examination cycle rather than a 12-month
examination cycle.
Credit union regulators have allowed credit unions to expand
their operations over the years and that has resulted in their
collective growth into a $1.1 trillion industry. Common bond
requirements are no longer meaningful, and the original
mission to focus on serving people of modest means has all
but disappeared.
To read more visit: http://www.federalreserve.gov/newsevents/
press/bcreg/20160219a.htm
To view the letter visit: http://www.ndba.com/uploads/
CFPB Priorities Includes
Arbitration, Overdraft,
Mortgages and Business Loans
resources/663/stex_letter.pdf
CFPB Corrects Disruptive Typo
in TRID Rule
According to a memo issued by the CFPB, mandatory
arbitration, mortgage lending, small business lending and
small-dollar loans are among the Bureau’s policy priorities
over the next two years.
The CFPB has issued a correction of a typo in the TILARESPA integrated disclosures. The correction clarifies that
certain charges - including property insurance premiums,
amounts placed in escrow and charges not required by the
creditor such as homeowners’ association dues and condo
fees - are not subject to the tolerances in the TRID rule. The
original final rules issued omitted the word “not,” causing
confusion about whether those charges were or were not subject
to the tolerances.
The document states that the Bureau will continue its ongoing
rulemaking limiting mandatory arbitration agreements
and begin a rulemaking intended to “make the overdraft
market fairer and more transparent.” In the mortgage area,
the CFPB said it will focus its supervisory and enforcement
programs on Home Mortgage Disclosure Act (HMDA) rule
implementation, fair lending issues around mortgages and
servicing rule implementation. In addition, the Bureau intends
to focus on small business lending, assembling a team and
conducting research in advance of an eventual rule requiring
the collection of business lending data. It will also begin
accepting complaints about small business lending sometime
in the next 24 months.
To view the updated rule visit: https://www.gpo.gov/fdsys/pkg/
FR-2016-02-10/pdf/2016-02630.pdf
GAO Report Examines Effects
of Anti-Money Laundering
Legislation
Other areas of supervisory and rulemaking focus will include
consumer data reporting, debt collection and student loans.
The CFPB will also conduct major research projects on
consumer decision-making and household balance sheets.
The Government Accountability Office published a report
examining whether information collected under S. 79, the
Remittance Status Verification Act, would assist federal
agencies’ anti-money laundering efforts. The proposed
legislation, if adopted, would require money transmitters and
depository institutions to verify the legal status of remittance
To read more visit: http://files.consumerfinance.gov/f/201602_
cfpb_policy-priorities-over-the-next-two-years.pdf
9
aRTiCLeS
DHS and DOJ Release New
Cybersecurity Guidelines
be required in other quarters. Similar legislation has been
included in other regulatory relief packages introduced in this
and previous Congresses and enjoys broad bipartisan support.
The Department of Homeland Security and the Department of
Justice have released guidelines for the implementation of the
Cybersecurity Information Sharing Act (CISA). A provision
included in the 2015 law, directs the Department of Homeland
Security’s National Cybersecurity & Communications
Integration Center to oversee an automated indicator sharing
(AIS) system that would help financial institutions and
government agencies share cybersecurity information regarding
potential vulnerabilities, threats, and defense mechanisms.
To read the report visit: http://www.gao.gov/
assets/680/674676.pdf
ABA Foundation Launches Safe
Banking for Seniors
The ABA Foundation has launched its Safe Banking for Seniors
program to help banks across the country educate seniors and
their caregivers on the risks of financial fraud. Bankers can
now take advantage of the program’s various resources, which
include event materials, lesson plans, media outreach tools and
best practices designed to help bankers bolster their outreach
to seniors and financial caregivers in their communities
throughout the year.
To read more visit: https://www.us-cert.gov/ais
ABA, ICBA Raise CECL
Concerns During Long-Awaited
FASB Meeting
The Safe Banking for Seniors campaign ref lects ABA’s
commitment to leading the charge against the financial
exploitation of older Americans. The Foundation is joined
by 30 state bankers associations, including NDBA, that have
pledged to promote these resources to bankers in their states in
an effort to combat the estimated $2.9 billion in losses suffered
by seniors each year as a result of fraud.
During a sometimes-heated roundtable conversation, bankers
and staff from both the ABA and the ICBA raised important
concerns about the Financial Standards Accounting Board
(FASB)’s proposed Current Expected Credit Loss (CECL)
model for loan loss accounting. FASB board members said
they would address several of the concerns that were raised as
the final standard is issued and implementation continues to
take place over the next few years.
To learn more visit: http://www.aba.com/Engagement/Pages/
safe-banking-for-seniors.aspx
Bankers pointed out a number of concerns with the proposal
including: it front loads the recognition of credit losses; it
requires complex modeling and it will be expensive and of
questionable value.
FDIC Revises Notice of
Proposed Rulemaking to
Refine Deposit Insurance
Assessments for Small Insured
Depository Institutions
To read the roundtable report and listen to audio
webcasts of the meeting visit: http://bankingjournal.aba.
com/2016/02/aba-raises-cecl-concerns-during-long-awaited-fasbmeeting/
In response to comments received since - July 2015 FDIC’s
notice of proposed rulemaking to refine the deposit insurance
assessment system for small insured depository institutions that
have been federally insured for at least 5 years - the FDIC is
re-issuing a revised notice of the proposed rulemaking.
To read ABA’s CECL backgrounder visit: http://www.aba.
com/Issues/Index/Documents/CECL-backgrounder.pdf
To read Aread the ABA’s updated CECL discussion
paper visit: http://www.aba.com/Issues/Index/Documents/
CECL-implementation-challenges-discussion-paper.pdf
The revised notice would use a brokered deposit ratio (that
treats reciprocal deposits the same as under current regulations)
as a measure in the financial ratios method for calculating
assessment rates for established small banks instead of the
previously proposed core deposit ratio; remove the existing
brokered deposit adjustment for established small banks; and
revise the previously proposed one-year asset growth measure.
Comments are due by March 7.
Bipartisan Bill Introduced to
Ease Call Report Burdens
Reps. Randy Hultgren (R-Ill.), Terri Sewell (D-Ala.) and
Blaine Luetkemeyer (R-Mo.) have introduced H.R. 4500, the
Community Bank Reporting Relief Act, a measure that would
streamline bank reporting by permitting well-capitalized and
highly rated banks to file a short-form Call Report in the
first and third quarters each year. The full Call Report would
To read more visit: https://www.federalregister.gov/
articles/2016/02/04/2016-01448/assessments#page-6107
10
FinCEN Proposes Revisions to
Currency Transaction Report
Filings
Banks End 2015 with $40.4
Billion Profit in Fourth Quarter
FDIC-insured banks and savings institutions earned $40.4
billion in the fourth quarter, up 11.9 percent from the
industry’s earnings a year before, the FDIC said. Highlights
from the Fourth Quarter 2015 Quarterly Banking Profile note
that: community bank earnings are on the rise; net operating
revenue of $174.3 billion is 4 percent higher than a year ago;
noninterest expenses are 2.5 percent lower; loan losses posted
the first year-over-year increase since the second quarter of
2010; the loan growth rate continues to pick up; full-year 2015
earnings are 7.5 percent higher than in 2014; and the Deposit
Insurance Fund (DIF) rose $2.5 billion to $72.6 billion.
The Financial Crimes Enforcement Network is proposing
changes to the Currency Transaction Reports (CTR) banks
file under the Bank Secrecy Act to reflect better the ways that
institutions use CTRs.
The proposal is a result of a growing trend amongst holding
and parent companies, who increasingly file CTRs on behalf
of their subsidiaries. The proposed changes would enable CTR
to record separate locations for where the report is filed and
where the transaction occurred, precluding duplicative data
entry. Comments on the proposed changes are due by April 2.
To view the Quarterly Banking Profile visit: https://www.
fdic.gov/bank/analytical/qbp/2015dec/qbp.pdf
To read more visit: https://www.federalregister.gov/
articles/2016/02/02/2016-01825/proposed-collection-comment-requestbank-secrecy-act-currency-transaction-report-bctr-revised-layout
FDIC Publication Covers
Cybersecurity, Lending Topics
FHA to Reduce Insurance Rates
for Multifamily Homes
The lead story in the Winter 2015 issue of the FDIC’s
Supervisory Insights publication focuses on how banks can
enhance their information security programs to address
evolving cybersecurity threats and gives an overview of the
regulatory response to the recent rise in cybercrime. The issue
also features a story on marketplace lending, results from an
FDIC study on credit and consumer products and services,
and a roundup of recent regulations and guidance.
The Federal Housing Administration has announced a series
of reductions for the insurance rates it charges on multifamily
home loans that will be effective in April. Housing designated
as “broadly affordable” will see rates reduced to 0.25 percent,
while mixed-income housing rates will drop to 0.35 percent.
The FHA will also lower the insurance rate for energy-efficient
properties - those committed to green building and energy
standards - to 0.25 percent.
To read the FDIC publication visit: https://www.fdic.gov/
regulations/examinations/supervisory/insights/siwin15/SI_Winter2015.pdf
To read more visit: http://portal.hud.gov/hudportal/HUD?src=/
press/press_releases_media_advisories/2016/HUDNo_16-008
FASB Finalizes New Lease
Accounting Standards
House Passes Anti-Choke
Point Bill
The Financial Accounting Standards Board has issued its
new lease accounting guidance, which requires all operating
leases to be recorded on the balance sheet of lessees. The new
standard is expected to be issued by year end, with an effective
date of fiscal year 2019 for public business entities and 2020
for non-public business entities.
By a bipartisan 250-to-169 vote, the House approved a bill that
would end the Justice Department’s Operation Choke Point
initiative, which sought to curtail disfavored businesses by
working through regulators to pressure financial institutions
to end customer relationships with these businesses. H.R.
766 would require regulators to present a material reason for
ordering the termination of a customer relationship.
The standard, which culminates a project lasting nine years,
will not only change how credit officers review the financial
statements of their borrowers, it will add billions of dollars in
assets and liabilities onto bank balance sheets and could have
an impact on bank regulatory capital and leverage ratios.
“Banks already keep records and report suspicious activities
to law enforcement; however, some recent programs instituted
by federal banking agencies make banks responsible for
policing customers,” ABA said in a memo to House members.
“Banks should not be judge and jury on whether customers
are operating legally. Combating financial fraud works best
when we work together with our regulatory agencies and law
enforcement.”
To read more visit: http://www.fasb.org/cs/ContentServ
er?c=Page&pagename=FASB%2FPage%2FSectionPage&c
id=1176156316498
To read FASB’s Cost-Benefit Document visit: http://www.
fasb.org/cs/ContentServer?c=Document_C&pagename=FASB%2
FDocument_C%2FDocumentPage&cid=1176167901882
11
North Dakota Bankers Association
Education Events
“Extraordinary leadership for North Dakota banks” is the mission of the North Dakota Bankers
Association. Following this mission, NDBA takes great pride in offering top-notch educational opportunities for
members. Browse through the education opportunities and see what best suits you and your bank.
EVENT
DATE
LOCATION
WHO SHOULD ATTEND?
HSA & IRA Seminars
March 7, 2016
March 8-9, 2016
March 10-11, 2016
Radisson, Bismarck
Radisson, Bismarck
Ramada, Fargo
Attend the HSA Seminar for practical understanding of
critical rules and operational issues of a sucessful HSA
program. The IRA seminar will cover basic rules of IRAs
and serve as a refresher on IRA rules and operations.
Dakota School of
Lending Principles
March 29-April 1,
2016
Radisson Hotel,
Bismarck
Loan officer trainees, loan support personnel and
personal bankers with a minimum of six months lending
experience.
Legal Issues of
New Account
Documentation
April 5 and 6, 2016
Fargo and Bismarck
All customer contact personnel, supervisors and
officers whose responsibilities include opening or
managing new accounts and certificates of deposit.
NDBA/SDBA Annual
Convention
June 12-14, 2016
Best Western
Ramkota Hotel,
Bismarck
Presidents, CEOs, senior management staff, lenders,
marketing team members and sales managers.
Dakota School of
Banking
June 19-24, 2016
University of
Jamestown,
Jamestown
Attendees are generally first-or mid-level managers
seeking advancement in their banks and careers.
However, others who would benefit from exposure to
the banking industry and increased familiarity with the
individual components that make up a bank are also
encouraged to attend.
Graduate School of
Banking at Colorado
July 17-29, 2016
Boulder, Co
Attendees are generally first-or mid-level managers
seeking advancement in their banks and careers.
Graduate School of
Banking Wisconsin
July 31 - August 12,
2016
Madison, WI
Those who are prepared by experience and prior
education to derive the greatest benefit from this
advanced bank management program.
For more information regarding these educational opportunities, visit www.ndba.com or
contact Dorothy Lick, SVP of Education, North Dakota Bankers Association, 701.223.5303.
12
Upcoming
Webinars from Conference Edge
NDBA offers convenient bank
training and access to timely topics
through a variety of webinars.
EVENT
DATE
EVENT
DATE
Analyzing Business Financial
Statements Mandatory 2 Part
Series 03/07 & 03/11
March 7
Hot Technology & Security
Concerns: Overview of Current
Topics
March 24
Regulation E Demystified
March 8
March 28
Lending Compliance 101
March 9
Patch the People: Security
Awareness Programs for
Customers & Employees
March 10
Signature Card Danger Zones:
Account Titling, Ownership &
Access
March 29
Understanding ESOPs: From
the Commercial Lender & BankEmployer Perspective Mandatory
2 Part Series 03/14 & 03/17
March 14
Record Retention & Destruction
Policies - A Must for Financial
Institutions
UDAAP Review & Update
March 30
March 31
8 Keys to Teller Excellence
March 15
Baby Boomers to Millennials:
Managing Generations
Successfully
Conquer Your Inbox
March 16
W-9, W-8BEN & W-8BENE
March 18
Analyzing Business Cash Flow
Mandatory 2 Part Series 03/21 &
03/25
March 21
For more information, visit www.ndba.com and
click on “Education” and then “Webinars.”
13
HSA Essentials
March 7, 2016
Radisson Hotel
Bismarck
IRA Essentials
HSA &
IRA
Seminars
Spring 2016
March 8, 2016
Radisson Hotel
Bismarck
March 10, 2016
Ramada Plaza Suites
Fargo
Advanced IRAs
March 9, 2016
Radisson Hotel
Bismarck
March 11, 2016
Ramada Plaza Suites
Fargo
For more information:
Contact Dorothy Lick
SVP of Education
701.223.5303
[email protected]
14
About the instructors:
These IRA seminars will
be delivered by Ascensus
instructors who are
recognized as some of the
leading retirement plan
experts in the industry.
Registration information
is enclosed with this
mailing.
Know Your
Options
Contact us to discuss the
options hidden in your debit
portfolio, including increased
revenue.
E-recording and TRID
collaboration made simple.
800.460.5657 | simplifile.com
15
The NDBA board of directors met on February 11 in Scottsdale, AZ,
prior to the NDBA Bank Management Conference.
Seated: Dorothy Lick, NDBA; George Wald, Choice Financial Group, Dickinson; NDBA Treasurer Steve
Rehovsky, First United Bank, Park River; NDBA Chairman Corey Cleveland, United Valley Bank, Grand
Forks; NDBA Chairman-Elect Tom Stennes, Harwood State Bank; Bob Humann, Bank of North Dakota;
and Rick Clayburgh, NDBA.
Standing: Christie Obenauer, Union State Bank, Hazen; Bob Willer, American Bank Center, Bismarck;
Bruce Schreiner, Garrison State Bank & Trust; James Williams III, First State Bank of ND, Casselton;
Deb Schouweiler, Peoples State Bank, Fairmount; Karl Bollingberg, Alerus, Grand Forks; Barry Hanson,
United Valley Bank, Cavalier; Dale Patten, Cornerstone Bank, Watford City; Judd Graham, Wells Fargo
Bank, Fargo; Greg Schwab, Choice Financial Group, Bismarck; Jason Hauff, Dakota Heritage Bank of ND,
Hunter; NDBA Services, Inc. Chair Todd Heilman, Western State Bank, Devils Lake; Jan Odin, Unison
Bank, Jamestown; Rob Koppinger, Kirkwood Bank & Trust, Bismarck; and Holly Stromsodt, Citizens State
Bank of Finley.
Bankers Enjoy Sunny Weather
at Bank Management Conference
Great weather and an amazing resort welcomed 140 bankers,
business partners, spouses and guests who attended the 2016
NDBA/SDBA Bank Management Conference, held February
12-13 at The Westin Kierland Resort & Spa in Scottsdale, AZ.
Special thanks to all of our sponsors, whose support and
partnership made this event possible:
Platinum:
Ascensus
The Baker Group
Dell SecureWorks
Dougherty and Company
Federal Home Loan Bank of Des Moines
NDBA Services
Secure Banking Solutions
Moody’s Analytics
The conference program featured an economic outlook as
well as presentations on improving performance through
operational excellence, safety and soundness, succession
planning and cybersecurity from speakers Ryan Hayhurst of
The Baker Group, Eric Weikart of Cornerstone Advisors, Chad
Knutson of Secure Banking Solutions, Christina Long of Eide
Bailly, Flynt Gallagher of Compensation Advisors and Brad
Spears of Federal Home Loan Bank of Des Moines.
For the final general session, spouses and guests joined bankers
and business partners for a remarkable presentation by South
Dakota motivational speaker V.J. Smith, who talked about
“Replenishing the OhZone” by improving listening skills. In
addition to the business sessions, bankers enjoyed networking
opportunities, golfers played an 18-hole event at the Westin
Kierland Golf Club and spouses and guests enjoyed a special
breakfast and olive oil workshop.
16
Gold:
Bell State Bank & Trust
Eide Bailly LLP
First Data
Graduate School of Banking at the
University of Wisconsin-Madison
Promontory Interfinancial Network
United Bankers’ Bank
A number of NDBA Past Chairmen joined NDBA board members for a special dinner
on Thursday, February 11, at the Westin Kierland.
Pictured left to right: George Wald, Harvey Huber, Gary Petersen, Roger Berglund, Jerry
Willer, Ken Reno, Greg Schwab, Terry Zeltinger, Tim Siegle, Bill Lee, Jay Feil, Gary Paulson,
Roger Monson, Lorren Henke and Les Nesvig.
17
W E
L C O M E
3 days and 3 nights
of education, recreation,
networking, food and
some surprises. No matter
how you deal the cards
or roll the dice, we will be
“winning together!”
Registration & Exhibitor
materials available the
end of March.
June 12-14, 2016
at the Best Western Ramkota Hotel
Bismarck, North Dakota
18
Scheduled Performer
James Kane
Philadelphia PA
James has worked with every major industry, while advising
and training organizations ranging from Global 1000 giants
to small, regional companies, non-profits, and professional
associations. As one of the most quoted and profiled
authorities on loyalty in the traditional mainstream media,
as well as niche publications, industry newsletters, and the
blogosphere, James has been profiled and quoted in The
New York Times, The Wall Street Journal, Business Week,
TIME Magazine, the BBC, and numerous other global and
industry publications. He is a frequent guest on CNN, CNBC
and FOX Business. A graduate of the University of Notre
Dame, James has served as a guest instructor at Harvard
University and The Pennsylvania State University.
“ The Loyalty Switch”
In this fascinating and highly entertaining presentation, James Kane
takes his audiences on a journey into the human brain and explains the
science behind true loyalty and human relationships. Building on more
than 40 years of Harvard University research, Kane will make the case
that human beings have a fundamental need to be loyal and actively
seek out the specific clues from others that tell them when they can
and should be. When an organization, as well as an individual, is able to
understand and demonstrate those loyalty-building behaviors, they can
develop relationships that will last a lifetime and result in unwavering and
unlimited support.
This performer sponsored by:
Eide Bailly LLP
Platinum Sponsor
W E
19
L C O M E
Trust
2016 Tri-State
CONFERENCE
April 25-27, 2016
Hilton Garden Inn • Fargo, ND
To register, visit:
ndba.com
20
EX H I B I TO R S
SPEAKERS
As of February 19, 2016
BNY Mellon
Update on the IRS 2%
Trustee Fee Regulation –
Am I in Compliance?
Unique Asset
Management: How
to Get from ?#$! to
Problem Solved
Patrick Alyward, CCH Trust
US, Atlanta GA
Brad Davidson,
SparData, Baltimore MD
FinTech Securities
A 2016 Retirement Plan
Legislative & Regulatory
Update
Economic and
Interest
Rate Outlook
INFOVISA
Todd Berghuis,
Ascensus, Brainerd MN
Jim DeMasi,
Stifel, Baltimore MD
Broadridge Financial
Solutions
CCH Trust
Devonshire REIT
Eaton Vance
EPIC Advisors, Inc.
Farmers National
Company
Federated Investors
Fifth Third
John Hancock
Investments
J.P. Morgan
Lazard Asset Management
MainStreet Advisors
Matthews Asia
Oppenheimer Funds
Peoples Company
Estate Planning Update
Jonathan Blattmachr,
Pioneer Wealth Partners,
New York NY
Leadership Ethics:
How Professionals
can Ensure a Future
of Success with
Integrity
Jeff Lanza, The Lanza
Group, Mission KS
Pifer’s Auction & Realty
Principal Funds
Promontory Interfinancial
Network
Proxytrust
RS Investments
SJS Investment Services
T. Rowe Price
Healthcare Costs in
Retirement
Turning Volatility into
Global Opportunity
Sharon Carson,
J.P. Morgan Asset
Management, New York NY
Timothy Murray,
T. Rowe Price,
Baltimore MD
Vanguard
Voya Investment
Management
Wasatch Funds
Weitz Investment
Mangement
Wright Investors’ Service
Body Language and
Magic Words for
Managers
Tim David, Boston MA
21
Client Primacy:
Inspiring Intentional
Outcomes
David Richman,
Eaton Vance, Boston MA
Call me at
701.866.4676
Tom Ishaug
bellbanks.com
Partner with us.
Our correspondent bankers will get you clear answers and fast
decisions. As your partner, we will help you enhance your customer
relationships. As your bank grows, we’ll help you meet your needs.
Together,let’s
make it happen.
Member FDIC
NORTH DAKOTA
DEMOGRAPHICS
CONFERENCE
INFORM. IMPROVE. INSPIRE.
APRIL 6, 2016 | BISMARCK
NATIONAL ENERGY CENTER OF EXCELLENCE
Register Now!
NDCensus.gov
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| Bank building financing | Business & personal loans for bankers
NORTH DAKOTA
DEVELOPMENT FUND
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lending team, ready
to go to work with you.
NDDevelopmentFund.com
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701-328-5310
North Dakota Bankers Association Joins ABA Foundation’s Safe Banking for
IT
Seniors Campaign Educational
program to prevent elder financial fraud
DEB
Card CraCking
North Dakota Bankers Association (NDBA)responding
is joining
the American Bankers Association Foundation’s Safe Banking for
to an online solicitation for ‘easy money’ and
Seniors campaign. Through this campaign, NDBA
bankers
across
providing awill
debitmobilize
card for withdrawal
of fake
checkNorth
depositsDakota to educate older Americans
and their caregivers about elder financial abuse and how to prevent it.
“We’ve found that bankers are often the first line of defense against elder financial fraud from educating and advising
a typical
cracking
scenario
customers to spotting the signs of abuse,”
said Rickcard
Clayburgh,
NDBA President
and CEO. “We take our role seriously,
and the more we can educate seniors and their caregivers, the better protected they can be.”
1
2
3
4
“We’re pleased that North Dakota Bankers Association has pledged to join in the fight against elder financial abuse,” said
A fraudster sends you a social media
Enticed by the promise of money, you
Money is withdrawn immediately
The fraudster deposits a fake
Corey
Carlisle,
executive
ABA the
Foundation.
look forward
to account
working closely withatthe
association to educate
message
to “make
quick cash”director, provide
scammer a debit“We
card, PIN
an ATM
check in your
or online
credentials—giving them
seniors and their caregivers in North
Dakota.”
direct access to account
IF U WANT 2 MAKE
REAL LEGIT
MONEY will receive event materials, lesson plans, media outreach tools and best practices through the ABA
Registered
bankers
NO SCAM IF U HAVE A
1234 5678 9012 3456
BANK ACCOUNT
Foundation.
The HMU
lesson plans focus on the following four topics:
5
•
PIN
Identifying and Avoiding Scams;
•
Protecting Your Assets by Preventing Identity Theft;
6
7
Caregiver; and
•
Choosing a Financial
The fraudster gives the account
you call the bank to report a lost or
holder a kickback
•
you are now a
CRIMINAL ACCoMPLICE
Bank reimburses the stolen funds
to you
stolen card, or compromised credentials
Financial Caregiver.
Acting as a Responsible
Banks can register to participate in the initiative
at aba.com/seniors.
CALL
BANK
© 2015 American Bankers Association
8
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24
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ELECTRONIC
UCC FILING HAS
BANKERS ASKING
SOME QUESTIONS
March 1 is the implementation date for the new
electronic UCC filing system. We are told the new
system will be user friendly and will allow banks
to use the Internet or a “B to B” process for filing
financing statements with the Secretary of State.
But we also want to remind banks of a couple of
items that are changing with implementation of the new law:
Q. How does the new law affect perfection of a UCC security interest in “fixtures”?
A. A true fixture has characteristics of personal property and real estate. To perfect a UCC security interest
in a “fixture”, the new law requires a lender to file a financing statement that complies with N.D.C.C. 4109-73(2) with both the Secretary of State and the recorder’s office for the county in which the relevant real
estate is located. We understand most county recorders will accept standard, compliant UCC financing
statements for a fixture filing. Under a 2003 Opinion of the Attorney General, county recorders must record
a fixture-related financing statement even though it is not signed by the debtor, Letter Opinion, 2003-L-56.
A recorded real estate mortgage is also effective as a fixture filing from the date of recording if it meets the
requirements of N.D.C.C. 41-09-73(3). Here are links from which you can go to these statutes: http://
www.legis.nd.gov/cencode/t41c09.pdf?20160218103731.
Q. What about debtors’ social security numbers or TIN?
A. The new law requires includes a debtor’s SSN or TIN as information to be included on a financing
statement. After March 1, the SOS may refuse to accept for filing any financing statement that does not
include the SSN or TIN. If the SOS inadvertently does accept a financing statement that does not include the
required SSN or TIN, the document will not be considered to be filed as needed for perfection and priority.
N.D.C.C. 41-09-87. Over time, the inclusion of the SSN or TIN on a financing statement should greatly
enhance the accuracy of a UCC search.
HOWEVER, many financing statements that were filed before March 1, 2016, do not include an SSN or
TIN. These filed financing statements should continue to qualify as being “sufficient”, but in order for them
to be disclosed in a search by SSN/TIN, the documents will need to be amended to include the SSN/TIN.
Effectively, until the data base is fully re-populated with debtors’ SSN/TIN information, lenders will have
to search by both debtor name and SSN/TIN to make sure all relevant financing statements are disclosed.
There are new fees for filing, amending and continuing a filed financing statement. After March 1, the fee
for filing an initial financing statement will be $ 40, the fee for filing an amendment will be $40 and the
new continuation fee will be $30. Here’s a link to the complete fee schedule: http://sos.nd.gov/centralindexing-ucc/central-indexing-fees.
25
May 3-4, 2016
Courtyard by Marriott
Bismarck, ND
COURSE PRICE:
Jon Waldman, CISA, CRISC
Partner | VP of Business Development
SBS Institute
For more information or to register, visit:
www.ndba.com or call 701.223.5303.
26
mindful that the emergence of this new sector also comes
From Farm Credit to
with the potential for yet another unlevel playing field.
As I noted in a recent American Banker op-ed, banks
Fintech: The Case forCard CraCking
and fintech firms have different supervisory regimes, even
the products they offer - such as payments, loans
Leveling the Playing Field though
and deposits - are essentially the same. Banks are regularly
DEB
IT
responding to an online solicitation for ‘easy money’ and
providing a debit card for withdrawal of fake check deposits
examined to ensure consumer protections and cyber
This past December, after years of awaiting
by bankers,
typical
card cracking
scenario
defenses are
in place, for example. Fintech firms are not.
members of the House Agriculture Committee finally That has consequences not only for consumers but also for
brought1 in representatives from2 the Farm Credit banks’
3
ability to partner with 4and match the innovations
Administration
for
first byoversight
hearing
A fraudster sends
you athe
social agency’s
media
Enticed
the promise of money,
you
The
fraudster
deposits a fake
of fintech providers.
message
to
“make
quick
cash”
provide
the
scammer
a
debit
card,
PIN
at an ATM
check
in
your
account
in more than a decade. It was a chance to ask some long
or online credentials—giving them
These
inequities
are
why
creating
a level playing field is the
overdue IFquestions
about the Farmdirect
Credit
abuse
access toSystem’s
account
U WANT 2 MAKE
REAL LEGIT MONEY
of taxpayer
benefits
non-farm related first pillar of ABA’s Agenda for America’s Hometown Banks
NO SCAM
IF U HAVE Ain financing such
1234 5678 9012 3456
BANK ACCOUNT HMU
activities as loans to telecom giants and chain restaurants. (available at aba.com/Agenda). We are advocating for
prudent and responsible oversight for fintech companies,
PIN
The hearing was held after repeated calls from ABA and not simply because it impacts our bottom line, but
the state associations for more responsible management of because it impacts our customers. We are also pursuing the
5
7
8
a government-sponsored
enterprise6 that has far exceeded elimination
of the special tax status for the Farm Credit
The fraudster
gives the
you call
bank tolong.
report a While
lost or
Bank reimburses the stolen funds
you are now a
the intended
scope
ofaccount
its mission for
farthetoo
System
they
act outside their
holder a kickback
stolen card, or compromised credentials
to you and credit unions when
CRIMINAL
ACCoMPLICE
we rightfully counted this hearing among our year-end missions.
victories, we also acknowledged that this isCALL
just one step in
BANK
These are
big asks, and progress towards these goals will
BANKplaying field
an ongoing battle to achieve a fair and level
require
tremendous
patience and persistence. But we
for banks.
saw our persistence pay off with the Farm Credit System
It’s a battle that extends beyond the Farm Credit System hearing in December - a small yet crucial first step. And
to other competitors that are getting a leg up from the we hope our steady drumbeat about our tax-advantaged
government. The National Credit Union Administration, competitors will pay off whenever Congress turns its
for example,
continues to confuse its role as regulator with attention to tax reform.
that of a cheerleader. In recent months, it has approved
a dramatic expansion of credit unions’ business lending
powers and issued a wildly expansive membership proposal
that, combined, make credit unions tax-exempt banks. The
Rob Nichols, President and CEO
agency’s actions are nothing short of an end-run around
American Bankers Association
Congress, where bankers have succeeded in making credit
Washington Update
unions’ legislative wishlist too controversial to touch.
February 2016
Other competitors may be getting a less visible but almost
as powerful boost from regulators’ passivity, not activity.
I’m referring to the fact that our regulatory structure and
rules have not kept pace with the rapid emergence of
financial technology products, or “fintech.”
Fintech has dominated headlines in almost every major
financial publication in recent months as countless new
payment, lending and investment innovations have
flooded the market, backed by billions of dollars of venture
capital. It represents an area of great opportunity for us -already, we’re seeing banks beginning to partner with these
providers in new and innovative ways. But we must be
gnikCarC draC
27
TIBE
D
June 19–24, 2016 • University of Jamestown • Jamestown ND
First-Year
Course Highlights:
Banking Law
Bank Financial Analysis I
Human Resource Management
Lending
Macroeconomics
Trust Services
Presenting with Impact
Sales Management
Technology and Operations
Second-Year
Course Highlights:
Asset/Liability Management
Bank Financial Analysis II
BankExec Simulation
Bank Investments
Liquidity and Capital Planning
Management and Leadership
Bank Reports and Exams
Strategic Planning
It’s time to apply!
Early Application Deadline:
April 15, 2016
Questions?
Please call Dorothy Lick,
DSB administrator, at
701.223.5303 or email
[email protected].
For more information, visit
http://bit.ly/1nLgo82.
The 2016 session of the Dakota School of Banking will be held June 19-24
on the campus of University of Jamestown. Classes will be held in the Unruh
and Sheldon Center for Business and Computer Science, a $4.5 million
facility that features state-of-the-art classrooms and computer labs.
The Dakota School of Banking provides a focused education of the banking
industry. Students enroll for two years, attending one week each summer.
The first-year session provides students with a general overview of the
banking industry and banking departments. The second-year session
builds on this general banking knowledge and adds a computerized bank
management simulation. Bankers at all levels benefit from the well-rounded
curriculum that builds on fundamental skills and focuses on emerging trends.
In 2016, DSB will celebrate its 42nd year.
28
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29
dependent counties more than doubled from 3.8% to
8.1%.
Which States and Counties
Are Most Exposed to the Oil
and Gas Sector?
From the perspective of the economic impact at the
municipal level, we’re not out of the woods yet. Since
the 12-year lows established last week, crude has rallied
to $34.20 per barrel, but is trading far below the $100+
prices the market experienced a short 18 months prior.
Some municipalities will naturally feel the pain more than
others, especially those that lack a diversified employment
base. For the top two oil-dependent counties shown in
Exhibit 2, oil and gas wage collections were almost half
that of their total collections through June of last year.
West Texas Intermediate (WTI) crude oil recently
reached $26.19 per barrel, a 12-year low and down 68%
since 2014. When adjusted for inflation, it was the lowest
since 1986.
Municipal market participants are now left wondering:
how will this impact states and counties with a high
dependence on oil and gas revenues?
While we don’t expect a massive wave in municipal defaults
as a result of the oil crisis, portfolio managers should be
aware of their municipal positions that are most exposed
to the oil and gas sector. As part of the credit analysis
process, we recommend you identify any municipal
bonds that are heavily dependent on oil and gas revenues
and continue to monitor them going forward.
The only tax revenues directly tied to oil and gas come in
the form of severance taxes, which are mostly collected at
the state level. Exhibit 1 (opposite page) shows Alaska
ranked the highest in FY 2013, with severance taxes
representing 72% of the state’s entire tax collections.
In order to assess the impact to local municipalities,
employment data from the Bureau of Labor Statistics
(BLS) can help identify counties with a high concentration
oil and gas employment and wages. In Exhibit 2, these
counties were ranked using the Location Quotient
from the BLS, which identifies industry employment
concentration relative to the national average.
For clients using our post-purchase credit analysis systems,
we’ve updated the Credit Criterion Check file to extract
any of the municipal holdings that reside in a county with
a Location Quotient for employment in the oil and gas
sector of more than 10. We’ve also enabled the capability
to build your own custom list of bonds that reside in any
county in the U.S.
Given the natural lag in economic data, it’s too early to
determine the degree to which oil-dependent counties
are hurting. However, recent trends in the non-seasonally
adjusted (NSA) unemployment rates for these counties are
telling. Exhibit 3 compares the national unemployment
rate to the average unemployment rate for the top 15
oil-dependent counties (identified in Exhibit 2). While
the current rate of unemployment is about the same as
the rest of the country, the oil-dependent counties have
seen their average rate of unemployment increase from
3.1% from December 2014 to 4.6% through November
of last year. Meanwhile, the national unemployment rate
continues to drift lower.
If you’d like an updated copy of your Credit Criterion
Check file that include these features, please reach
out to the Financial Strategies Group or your Baker
representative.
Drew Simmons, Vice President of the
Financial Strategies Group, created The
Baker Group’s municipal credits database
in 2008. This database covers over 100,000
bonds and provides clients with specific
credit metrics essential in assessing
municipal credit. Drew holds a bachelor’s
degree in business administration and a
master’s degree in finance from Oklahoma
City University.
If we look back to previous cycles when oil experienced
a significant sell-off, a good parallel to what we’re seeing
today is the period between 1997-1999. As shown in
Exhibit 4, oil prices during this time sold off by nearly
60%. Looking back at Exhibit 3, during this 2-year
span unemployment rates for the oil-dependent counties
experienced a similar divergent path relative to the
national average. In 1997, the national unemployment
rate was 5.2%, but it fell to 3.7% by 1999 while the oil-
Contact: 800-937-2257
[email protected]
30
Article Exhibits
Exhibit 1: State Severance Tax Collections
Exhibit 2: Oil-Dependent Counties - Location Quotient
Exhibit 3: Oil-Dependent Counties - Unemployment
Exhibit 4: WTI Crude Oil 1995-1998
NDBA Peer Groups Expand
In response to a number of member requests, NDBA is excited to announce the start of an Enterprise Risk Management
(ERM) Peer Group. The first meeting will be held Thursday, April 14, at the NDBA office in Bismarck.
By getting together to discuss resources, successes and challenges in this area, bankers can help each other enhance the
ERM program already in place or provide guidance on how to begin a new program. If you are interested in being a part
of a new peer group of risk management professionals, please contact Ann Reich at [email protected] or 701-223-5303.
Upcoming Peer Group Meetings
March 10 – Human Resources
March 22 – Information Technology
April 14 – Enterprise Risk Management
April 25 – Audit
May 3 – Compliance
May 18 – Chief Financial Officers
Member engagement drives the success of the NDBA Peer Groups. Today,
over 250 North Dakota bankers are connected to their peers through NDBA’s
facilitation of six peer groups: Audit, Chief Financial Officer, Compliance,
Human Resources, Marketing, and Information Technology. Participants
determine discussion topics and facilitate meetings. NDBA staff coordinates
the meetings. Participation is complimentary.
31
2016
March 29 - April 1, 2016
NDBA/SDBA
Dakota School of Lending Principles
Radisson Hotel, Bismarck ND
Lending School Coming to Bismarck
The Dakota School of Lending Principles will be held in Bismarck March 29-April 1 at the Radisson Hotel, downtown in
Bismarck. The school provides basic instruction appropriate for loan officer trainees, loan support personnel and personal
bankers. To ensure exposure to bank structure and terminology, it is recommended that applicants have a minimum of six
months lending experience or one year of loan department experience. This learning event has one foot grounded in the
classroom and one foot in the bank. The school allows students to learn the theory and process of basic lending and then put
this knowledge to work.
Students will gain the following from the school:

Insight into how funds and risk management and profit objectives affect the lending process.
Increased skill in comprehending and analyzing business and personal financial statements.
Improved skill ascertaining client needs through the interviewing process.
Increased knowledge of the steps and analysis process involved in consumer, real estate, small business and
agricultural lending.
The ability to capitalize on selling opportunities.
An understanding of loan documentation requirements.
The school consists of four lending modules. Students may register for the entire school or any of the four individual
modules:

Consumer Lending
Real Estate Lending
Analyzing Small Business Lending and Loan Documentation
Agricultural Lending
Experienced Banking Faculty
Richard Beck STAR Financial Bank Fort Wayne IN Perry Haralson Cornhusker Bank Lincoln NE Tom Capouch
Tim Ohlde
The First and Farmers Bank The Elk State Bank
Portland ND Clyde KS
For more information and to register, please visit www.ndba.com.
32
Tim Troncoso
Security Specialist - MN, IA, ND, SD
Oﬃce: (404) 638-0640
Cell: (773) 791-7699
[email protected]
33
Legal Issues of New Account
Documentation
April 5, 2016
April 6, 2016
Ramada Plaza Suites
Courtyard Marriott
Fargo NDBismarck ND
Financial institutions are increasingly taking more losses in the new account area. The reason – not
recognizing fraudulent accounts! Too often new account personnel receive twenty minutes of training
before opening their first account. Most of the expertise is gained on the job, which results in an
environment of insecurity and vulnerability for new account representatives and unnecessary losses for
the bank. With all the new compliance regulations, it seems like we are now conducting new account
interrogations rather than new account interviews. This workshop teaches new account personnel
proper account opening procedures and required documentation.
Program Highlights:
Proper account opening procedures and compliance requirements
Five crucial pieces of information including proper identification and the correct TIN for every
new account
Four fundamental questions that should be asked of every potential
accountholder
Featured Speaker:
Patrice M. Konarik is president and founder of Sunwest Training Corp. located
near San Antonio, Texas. With over 30 years’ experience in the financial industry,
Patrice has focused her expertise on the retirement and new account areas
and provides training in 15 states. She has a BS from New York’s Binghamton
University and earned her Certified Financial Planner™ designation in 1990.
Patrice brings the information to life with her humorous training style, in-depth
knowledge and an unlimited supply of “true life” examples. Patrice encourages
interaction and questions during the training sessions.
For more information and to register:
Register online at www.ndba.com/education. Contact Dorothy Lick, SVP of Education at 701.223.5303
or [email protected] for more information.
Save when you register by March 15!
34
Since 1979, The Baker Group has helped community
Our proven approach of total resource integration
financial institutions steer through unpredictable
utilizing software and products developed by Baker’s
economic environments using robust tools and
Software Solutions* — combined with our solid
resources for interest rate risk and investment
investment experience and advice — makes us the
portfolio management. As we encounter 2016’s
investment firm of choice for financial institutions.
anticipated financial crossroads, our task is to help
When standing at the financial crossroads, The
financial institutions develop effective processes and
Baker Group can help you make the right choices
strategies that will ensure optimal performance in
for your institution.
an uncertain financial environment.
BAKER STREET
Education
Investment Strategies
Asset/Liability Management
Tailored Board Education
Webinars for ALCO
Interest Rate Risk Seminars
Develop Quarterly Strategies
Determine Optimal Relative Value
Manage Risk vs. Reward Tradeoff
Evaluate Earnings and Capital at Risk
Simulate Stressed Rate Scenarios
Analyze Risk Management Strategies
To find out how The Baker Group can assist your institution in defining and meeting its financial objectives, call
your Baker representative or Ryan Hayhurst at 800.937.2257.
Member: FINRA and SIPC
www.GoBaker.com
Oklahoma City, OK | Atlanta, GA | Austin, TX | Indianapolis, IN | Salt Lake City, UT | Springfield, IL | 800.937.2257
*The Baker Group LP is the sole authorized distributor for the products and services developed and provided by The Baker Group Software Solutions, Inc.
35
campaign by simply registering for a Bitcoin account. The
“customer” simply uses their Bitcoin credentials to sign up for the
ransomware service, configure the style and type of attack they
wish to send out, and start sending out the malware.
Crime-as-a-Service = Hackers for Hire
Bad guys also set up call centers to support ransomware
(helping victims purchase Bitcoins and decrypt files, ensuring
Written by: Jon Waldman
that the victim recovers so that the fraud continues to
Partner, Senior Information Security Consultant - Security Banking Solutions, LLC
propagate), and reshipping scams (using stolen credit cards
to purchase expensive items online, shipping such items to
The Evolution of Cybercrime
The Evolution of Cybercrime
“mules”
at other
Close your eyes for one second and picture in your mind a “hacker.” What does he or she look like
in your mind?
Most addresses, then reselling the merchandise).
Call
Close
one
second
and picture
in your
peopleyour
picture eyes
a 15-yearfor
old kid
in his
parent’s basement;
it’s dark; he’s
drinkingmind
a 2-liter a
of soda,
eatingcenters
a bowl of charge fees to assist in cybercrime activities,
cheese puffs,
and he’s
“hacking
planet.”
“hacker.”
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does
hetheor
sheSound
lookabout
likeright?
in your mind? Most ranging from $10 a phone call to ongoing fees for extended
people
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it’slike you
scams.
The scarypicture
truth is that
is very farold
fromkid
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today’s
world. Most
“hackers” are just
and me. Hacking has
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cheese
evolved
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Cybercrime, as it’s referred to
How
Does
Crime-as-a-Service Affect My
these and
days, simply
folks trying
obtain two Sound
(2) things –about
information
or money – from others
in order
to make
puffs,
he’sinvolves
“hacking
thetoplanet.”
right?
Institution?
more money and grow their business.
The scary truth is that this is very far from reality in today’s
Not so long ago, cybercrime used to require bad guys with great technical knowledge in order to break into networks
world.
Most “hackers” are just like you and me. Hacking has Financial institutions have to look out for cybercrime from
and steal data or money without getting caught. However, times have changed, and as the economy of cybercrime
multiple
different
evolved
trying
to figure
out how
the internet
continuesfrom
to grow,kids
the majority
of attacks
have become
automated.
Criminals areworks
creating software
that makes
many of angles, specifically being aware to potential
attacks
both
they perform
as easy as Cybercrime,
simply clicking a fewas
buttons,
meaning thatto
thethese
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onceon
required
to employees and customers. Institutions must
to the
anattacks
everyday
business.
it’s referred
be a “hacker”
longer a job-requirement.
In a lot
cases, badtwo
guys will
allow you
for a “service”
beupvery
cognizant of and continuously monitoring their internal
days,
simplyis noinvolves
folks trying
toofobtain
(2)even
things
– to sign
they provide, such as a DDoS attack or sending out phishing emails, rather than having to do it yourself. This is what the
information
or money – from others in order to make more networks for unauthorized traffic and unknown files. Once in
industry refers to as “crime-as-a-service.”
the network, cyber-attacks attempt to remain undetected while
money and grow their business.
What is Crime-as-a-Service?
gathering information or gaining access to funds, but there
Not so long ago, cybercrime used to require bad guys with
typically
red flags if you’re paying close enough attention.
Have you ever wanted to perform a Distributed Denial of Service attack on another organization,are
but didn’t
know where
great technical knowledge in order to break into networks
to start? Instead of spending your time learning the particulars of how a DDoS works, you can simply
a DDoS
It’s find
extremely
important to be able to detect an attack that
and
steal
ortomoney
getting
caught.
However,
provider
anddata
pay them
perform thewithout
attack on your
behalf! There
are all kinds
of ancillary benefits
to using this type
of just attempt to prevent or recover from an
is occurring,
not
times
changed,
andto better
as the
economy
of cybercrime
servicehave
– from additional
anonymity,
attack-resources,
to time-and-cost
savings to you. What’s better than
attack. Getting transferred funds back is much more difficult
that?
continues
to grow, the majority of attacks have become
than stopping an attack from leaving the network.
automated.
Criminals
areascreating
software
thatactivities
makes
Crime-as-a-service
can be defined
the practice of
facilitating illegal
for many
cybercriminals through the
Monitoring
of provisioning
the attacks
theyWhile
perform
as easy
a been
fewgaining
of services.
crime-as-a-service
has as
beensimply
around forclicking
a while, it has
in popularity, as customer transactions is also extraordinarily
evidencedmeaning
by a host of new
“services”
being made readily
available for
anyonerequired
with a malicious important
agenda to conduct
in order to combat identity theft. Setting transaction
buttons,
that
the technical
expertise
once
easily.
to quickly
be aand
“hacker”
is no longer a job-requirement. In a lot of limits, implementing two—factor authentication, and
cases,
bad guys
will even allow you to sign up for a “service” developing payment whitelists are very effective controls to
New Types
of Crime-as-a-Service
they
provide,
such
as a DDoS attack or sending out phishing mitigate the risk of customer fraud.
Brian Krebs (www.krebsonsecurity.com) is a very well-known computer security blogger with deep ties to the
emails,
rather
thancommunity.
having Krebs
to do
it yourself.
is what
the
underground
cybercrime
reports
frequently onThis
the newest
and latest
attacksThe
and types
lastof fraud
thing to keep in mind is that training and education
industry
“crime-as-a-service.”
hitting therefers
internet, to
andas
crime-as-a-service
is no exception.
reduces the risk for everyone involved. It is no longer
What is Crime-as-a-Service?
1
© 2016 Secure Banking Solutions
acceptable to have employees watch a 60-minute video
on phishing once a year; financial institutions must provide
ongoing, relevant, and useful training and education to their
employees on an ongoing basis, and consider leveraging
such training and education for customers as well.
Crime-as-a-service can be defined as the practice of
facilitating illegal activities for cybercriminals through the
provisioning of services. While crime-as-a-service has been
around for a while, it has been gaining in popularity, as
evidenced by a host of new “services” being made readily
available for anyone with a malicious agenda to conduct
quickly and easily.
How can SBS help?
Secure Banking Solutions offers numerous services and products
to help you better protect your financial institutions, including
Penetration Testing and Vulnerability Assessments. For more
information, visit us at https://www.protectmybank.com.
New Types of Crime-as-a-Service
Brian Krebs (www.krebsonsecurity.com) is a very well-known
computer security blogger with deep ties to the underground
cybercrime community. Krebs reports frequently on the
newest and latest attacks and types of fraud hitting the
internet, and crime-as-a-service is no exception.
If you are looking for some additional details on cybercrime
and what you can do to protect yourself, the SBS Institute
offers financial-institution specific, role-based Cybersecurity
Certification Programs on numerous
topics that will help you protect your
institution from attacks. Check out the
SBS Institute certification programs,
including our Vulnerability Assessor
or Ethical Hacker certifications, here:
https://www.protectmybank.com/
sbsinstitute/
Some of the most recent forms of cybercrime to be turned
into crime-as-a-service include ransomware, warranty fraud,
reshipping, and call centers.
Ransomware is another popular attack that is becoming easier to
automate through crime-as-a-service. A software product called
“Ransom32” that allows anyone to kick off their own ransomware
36
IRAdirect
Fully-Administered
Program
Starting July 1, 2016,
10,000 people will reach age 70½
every day for the next 18 years.
ARE YOU READY?
The IRAdirect ® Fully-Administered Program can help your organization manage its
increased administrative workload, giving your staff more time to assist clients.
To learn more, contact your Ascensus Sales Representative, Heather Hoskins.
218-825-5364
[email protected]
Ascensus® and IRAdirect® are registered trademarks of Ascensus, Inc. Copyright ©2016 Ascensus, Inc. All Rights Reserved.
37
www.ascensus.com
122 East Main Ave., Suite 201 | Bismarck, ND 58501 |
p 701.223.5303
BENEFIT TRUST
|
e [email protected]
Sports
Drinks &
Energy
Bars
Live Well, Work Well
Health and Wellness tips for your work, home and life
brought to you by ND BANKS Benefit Trust.
While it’s important
to stay hydrated
during exercise, it is
possible to drink too
much fluid, especially
for participants in
long-distance or highintensity activities.
Over-hydrating can
throw off your body’s
electrolyte balance,
leading to a potentially
Exercising is great for your body, but it is important to take
care of yourself during and after your workout. You can do
this is by staying hydrated and maintaining your blood sugar
levels.
Sports Drinks
When you’re exercising, your body quickly absorbs blood sugars for energy. You also
lose electrolytes, or minerals such as sodium and potassium, when you sweat. A good
way to replenish your blood sugars and electrolytes is to drink sports drinks.
Most sports drinks offer a blend of sugars such as glucose, sucrose, fructose and
galactose. A few may also add maltodextrin, a complex carbohydrate made of several
glucose units. Some research suggests that sports drinks offering a carbohydrate blend
may improve the amount of carbohydrates that eventually get to your muscles as fuel.
Different sugars are absorbed in different ways, so the rate of carbohydrate absorption
is improved by providing several different sugars.
Sports drinks also come with added electrolytes like sodium and potassium. Sodium,
fatal condition called
the electrolyte lost in the greatest amount, helps maintain fluid balance in the body
122 East Main Ave., Suite
201
| Bismarck,
ND 58501 | p 701.223.5303 | e [email protected]
and
improves
hydration.
hyponatremia.
38
Energy Bars
p 701.223.5303
e [email protected]
|
Keep in mind that many energy bars, particularly highcarbohydrate bars, are intended for people who spend an
hour or more doing aerobic exercise like biking or running.
The best way you can replenish your blood sugars, whether
you’re exercising or not, is by eating a balanced diet full of
fruits, vegetables and whole grains.
With so many varieties available, selecting the right energy
bar is anything but simple. To choose the best one for you,
read the label. High-carbohydrate bars provide carbohydrate
fueling both before and during a long workout. These bars
typically provide about 70 percent of their calories from
carbohydrates as sugars.
How quickly carbohydrates get into the circulation is referred
to as the glycemic index. Eating a high glycemic index bar
means rapid release of carbohydrates into the blood stream,
giving the muscles a quick “shot” of fuel, which is ideal
during a workout. Eating a low glycemic index bar results
in a slower release of sugar into the circulation and sustained
energy, which is best before exercise.
Contact Angi Day at (701) 223-5303 or
[email protected] for more information on
ND BANKS Benefit Trust.
p 701.223.5303
| e [email protected]
(Article provided by Zywave
Broker Briefcase)
“My experience with
MyWave® was incredible!”
Georgia Bedwell – Kirkwood Bank & Trust Co.
MyWave® is a fantastic online tool that will assist you
with all of your HR needs. You’ll find plenty of valuable
information on countless subjects from COBRA to the Affordable Care Act, including all the answers you need
to stay in compliance and avoid fines and penalties.
We recently had the pleasure of speaking to Georgia Bedwell from Kirkwood Bank & Trust Co. and she shared her
MyWave® experience with us. Georgia described her experience as “incredible”. She had the task of completing
the ACA reporting for 2015. Georgia stated with the MyWave® workbook and online information, the process
was very easy! She also stated she had live expert support throughout the
process and she felt well educated on the process once it was complete.
If you are interested in learning more about MyWave® or to obtain sign
up information, or have any questions about compliance issues in general,
please do not hesitate to contact Amy Bye at Middaugh & Associates, Inc.
([email protected] or 701-235-7023) or Angi Day at the ND Banks Benefit
Trust ([email protected] or 701-223-5303).
39
Protection For Your Portfolio
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You Need to Know!
41
DEB
Card CraCking
IT
responding to an online solicitation for ‘easy money’ and
providing a debit card for withdrawal of fake check deposits
MARCH 6-12, 2016
a typical card cracking scenario
1
2
A fraudster sends you a social media
message to “make quick cash”
3
Enticed by the promise of money, you
provide the scammer a debit card, PIN
or online credentials—giving them
direct access to account
4
at an ATM
The fraudster deposits a fake
check in your account
12 Tips to Secure Your Mobile Device
IF U WANT 2 MAKE
REAL LEGIT MONEY
NO SCAM IF U HAVE A
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As consumer use of mobile devices continues to PIN
climb, cyber criminals are targeting those gadgets more frequently. In recognition
of National Consumer Protection Week March 6-12, the American Bankers Association is highlighting 12 things consumers can
do to protect the data on their mobile device.
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ABA’s
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smart phone or tablet is like a little computer, and any device used to connect to the Internet needs to be protected.”
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ABA suggests following these 12 steps to protect
BANK your mobile device:
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Use the passcode lock on your smartphone and other devices. This will make it more difficult for thieves to access your
information if your device is lost or stolen.
Log out completely when you finish a mobile banking session.
Protect your phone from viruses and malicious software, or malware, just like you do for your computer by installing
mobile security software.
Use caution when downloading apps. Apps can contain malicious software, worms, and viruses. Beware of apps that ask
for unnecessary “permissions.”
Download the updates for your phone and mobile apps.
Avoid storing sensitive information like passwords or a social security number on your mobile device.
Tell your financial institution immediately if you change your phone number or lose your mobile device.
Be aware of shoulder surfers. The most basic form of information theft is observation. Be aware of your surroundings
especially when you’re punching in sensitive information.
Wipe your mobile device before you donate, sell or trade it using specialized software or using the manufacturer’s
recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen.
Beware of mobile phishing. Avoid opening links and attachments in emails and texts, especially from senders you don’t
know. And be wary of ads (not from your security provider) claiming that your device is infected.
Watch out for public Wi-Fi. Public connections aren’t very secure, so don’t perform banking transactions on a public
network. If you need to access your account, try disabling the Wi-Fi and switching to your mobile network.
Report any suspected fraud to your bank immediately.
To learn more about National Consumer Protection Week visit: https://www.ncpw.gov/
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42
TIBE
D
Bismarck
BaNK
Bank of North Dakota (BND) is completing its most
significant reorganization to occur since the 1980s. The
reorganization allows BND to provide increased specialization,
improved turnaround times and more involvement with our
financial institution partners. The bank is organized based
on its customer base: financial institutions, government
agencies and economic development, and higher education.
Todd Steinwand began his career with BND six months ago
as the chief business development officer overseeing these
three market areas. Bob Humann is leading the financial
institution team; Kelvin Hullet will manage government
agency and economic development programs and Shirley
Glass will oversee the education market.
HAPPENINGS
Seventeen American Federal bankers have earned American
Federal’s highest honor of recognition for outstanding sales
and sales referral performance in 2015.
A “Sales Star” is the highest honor of recognition an employee
can earn at American Federal.
As leader of the financial institution market, Bob Humann
will continue to provide his expertise and build the team of
business bankers. Rather than specializing in ag lending and
business lending, each financial institution will be assigned
one business banker to address all banking needs.
American Federal’s 2015 Sales Stars are:
Bill Anderson, Market President, Crookston
Ryan Bohnsack, Ag and Business Banker, Fargo South
Caillie Boucher, Associate, Crookston
Jan Cummings, Associate, Fargo South
Mark Eifert, Market President, Fergus Falls
Roger Erbes, Ag and Business banker, Moorhead
Christine Erdman, Personal Banker, Crookston
Dan Erdman, Associate Banker and Associate Manager,
Crookston
Margo Flyberg, Associate, Ada
Tye Korbl, Private Banker, Fargo South
Pat McShane, Business Banker, Fargo South
Dustin Morris, Ag and Business banker, Fergus Falls
Kyle Page, Ag and Business banker, Crookston
Alison Perez, Personal Banker, Grand Forks
Kim Peters, Personal Banker and Office Manager, Ada
John Schumacher, Market President, Greater Grand Forks
Lynnette Simons, Applications Specialist, Information
Technology, Grand Forks
Hullet will oversee all infrastructure loan programs and
work with economic developers to develop programs which
allow BND to assist with financing of large projects. The
education market addresses the financing for higher
education from cradle to career. Glass manages College
SAVE, the college planning center and all student loan
programs. In addition to an area specializing in business
development, Kirby Evanger was named chief credit officer
to oversee all credit administration activities of the bank.
Credit administration includes credit analysis, collateral
valuation, credit review, collections, problem loan workouts,
loan portfolio management, and student loans guarantor.
Annette Curl has taken on the role of loan process manager
and will monitor loan requests from beginning to end and
develop efficiencies.
Join us on Tuesday, March 8 from 11-11:30 for our Your
Direct Line call for more details about the reorganization
and what it means to you. See BND’s ad on page 23 for
more details.
Aberdeen
Dacotah Bank has announced that regional presidents Dave
Bangasser of Sioux Falls, Brad Moore of Aberdeen, Rick
Rylance of Rapid City, and Dan Vollmer of Minot have all
assumed new responsibilities within the organization.
Bismarck
Jeff Weiler has accepted the director of
risk management position at Bank of
North Dakota. Weiler had served as
the executive vice president of Starion
since 2012. Previous to this role he
oversaw enterprise risk management,
compliance and internal audit at
Starion. Weiler earned a bachelor’s
degree in business finance from
Northern State University.
Locations with newly appointed market presidents are Kelly
Bursinger in Rolla, Kip Hansen in Aberdeen, Randy
Silver in Rapid City and Matt Smith in Sioux Falls.
Bursinger graduated from the University of North Dakota
with a degree in business management and the Colorado
School of Banking. An agricultural banker with Dacotah
Bank since 2002, Bursinger is also the mayor of Bisbee, ND.
He began his banking career at Merchants Bank of Rugby
in 1995 as a loan officer.
43
Jeff Weiler
Kelvin
Hullet
has
accepted
the economic development and
government program market manager
position at BND. Hullet served as
president of the Bismarck-Mandan
Chamber of Commerce since 2003.
Hullet earned a bachelor’s degree in
history and pre-law from Kansas State
University and his master’s degree in
community and regional planning
from the University of Nebraska.
Jeremy Skoglund has been with Choice Financial since
2014 and will serve in his role as assistant chief risk officer.
Bill Robinson has been with Choice Financial since 2004
and will serve as SVP/ business/ag banker.
Brock Schoch has been with Choice Financial since 2011
and will serve as assistant vice president business banker.
Greg Schwab has been with Choice Financial since 1992
and will serve as senior vice president of lending operations.
Kelvin Hullet
Blair Sandy has been with Choice Financial since 2012 and
will continue is his role as assistant vice president residential
real estate manager.
Annette Curl was promoted to loan
process manager at Bank of North
Dakota effective January 1. Curl began
her career at BND as an application
processor for SLND in 1987.
Bismarck
Nellie Keller has been with Choice Financial since 2004
and will continue in her role as vice president private banker.
Chanelle Moch has been with Choice Financial since 2009
and was recently promoted to mortgage processor 1.
Annette Curl
Missy Lamp has been with Choice Financial since 2011 and
will serve as education area specialist.
Starion Financial
was named one of
the 2015 Top 20
Contributors
at
the Missouri Slope
Areawide
(MSA)
United Way annual
meeting. The bank’s
fundraising efforts
earned it seventh
place overall.
Katie Marthaller has been with Choice Financial since
2014 and will continue in her position as frontline specialist.
Tesa Curtiss has been with Choice Financial since 2015
and will continue in her position as customer service
representative- frontline.
Joyce Dewald has been with Choice Financial since 2004
and will continue in her role as ebanking specialist.
Rueben Weigelt has been with Choice Financial since 2013
and will serve in his role as internal risk review.
In addition to individual and bank contributions, during
the course of the year several activities and events are held
for Starion employees that raise additional money for MSA
United Way.
Ethan Olsen has been with Choice Financial since 2014
and will continue in his role as credit analyst.
Steve Fercho has been with Choice Financial since 2005
and will continue in his role as assistant vice president IT
manager.
“Starion is proud to support the United Way and the
important work it does in the community,” said Lisa Hartje,
Starion United Way Committee representative. “We have
so many people who are committed to the United Way,
everyone from the tellers to the executive team. Whether
it is jeans day, packing food for the Backpack Program, a
silent auction, the Little Black Dress campaign or a cook-off,
Starion and its employees are so willing to give back to the
community. We are a community bank in the truest sense
– our employees want to be involved in the community
because they know they can make a difference.”
Sharon Karsky has been with Choice Financial since 2004
and will serve in the role of senior vice president of frontline
operations.
Leo Gefroh Jr has been with Choice Financial since 2006
and will continue in his role as senior vice president location
manager at the north Bismarck Location.
Natalie Friesz has been with Choice Financial since 2013
and will continue in her role as mortgage loan originator.
Casey Schulz has been with Choice Financial since 2014
and will serve as senior frontline specialist.
Bismarck
Choice Financial proudly re-introduces their team members
to the community following the Northland Financial merger
into Choice Financial.
Bismarck/Mandan
Starion Financial mortgage bankers Kassy Landis and
Lindsey Matter were named to the Mortgage Executive
Magazine’s Top 1% of Mortgage Originators list for 2015.
Paul Bakkum has been with Choice Financial since 1988
and will serve as chief risk officer.
44
Landis, a mortgage banking officer since
2012, is located at the Bismarck branch
on N Washington Street. She joined
Starion in 2006 as a teller, advanced to
business banking representative in 2007
and became a mortgage underwriter
in 2008. Landis earned an associate
degree from Bismarck State College
and a bachelor’s degree from Dickinson
State University, both in business
administration.
promoted to human resource manager.
Murch works in Casselton in the
loan processing center. Murch joined
FSBND in March of 2010.
Devils Lake
Cassandra Haglin recently joined
Western Equipment Finance as a
customer service representative.
Kassy Landis
Fargo
Matter is mortgage banking officer/
assistant vice president, at the Mandan
branch. This is the fourth consecutive
year she has been named to the Top
1% list. Matter began her career with
Starion Financial in 2005 as a teller,
Lindsey Matter
became a personal banker in 2006,
moved into mortgage banking in 2009
and was promoted to AVP in 2015. Matter holds a bachelor’s
degree in business from Dickinson State University.
Derrick Lewis has been promoted to
assistant branch manager at Bell State
Bank & Trust. Originally from Harvey,
Lewis earned a bachelor’s degree in mass
communications with an emphasis
in broadcast journalism, along with a
minor in business administration, from
Minnesota State University Moorhead.
He has been in the banking field for six
years.
Bismarck
Katrina Tollefson has been promoted
to vice president/branch manager at
Bell State Bank & Trust’s Veterans
Boulevard branch. Originally from
Thief River Falls, MN, Tollefson has
14 years of banking experience. She
has been with Bell for two years, most
recently as assistant branch manager at
the 3100 13th Avenue South location in
Fargo.
Mark Schuler has been named principal
business relationship manager for Wells
Fargo in Bismarck. Schuler has more
than 20 years of Wells Fargo banking
and investment experience. He worked
as a private banker and investment
banker in Minneapolis as a senior
private banker in Scottsdale, AZ, and as
Mark Schuler
a senior business banker in Minneapolis.
Prior to joining Wells Fargo, Schuler
worked as counsel for Performance Bankers, Inc., and as
counsel and REDI Fund director for the South Dakota
Governor’s Office. A Pierre, SD native,
Schuler holds a bachelor’s degree in
economics and political science and a
juris doctor, both from the University
of South Dakota, Vermillion.
Jon Aarsvold has been promoted to
EVP/corporate finance risk manager at
Bell State Bank & Trust. Originally
from Blanchard, ND, Aarsvold received
a bachelor degree in mathematics and
economics from University of North
Dakota and has been in the banking
field for 29 years. He spent nine years as
a national bank examiner and 14 years
with Community First Bank/Bank of
the West. He has been with Bell State
Bank & Trust since 2009.
Casselton
First State Bank of North Dakota
(FSBND) recently announced the
following promotions: Gayle Halland
was promoted to president, Marion/
real estate loan officer. She has been
with FSBND since 2006. Halland
works at the Marion bank. Matthew
Evenson has been promoted to vice
president/loan officer. Evenson joined
FSBND in February 2010. He is at
the Arthur bank. Natalie Murch was
Natalie Murch
Gayle Halland
Cassandra Haglin
Derrick Lewis
Katrina Tollefson
Jon Aarsvold
Laine Brantner has been promoted to
EVP/director of operations at Bell State
Bank & Trust. Brantner, who rejoined
the company last year, also serves as
president of Bell’s HealthcareBank
Division. Brantner originally joined
Bell in 2002.
Laine Brantner
Matthew Evenson
45
2003 and most recently served as VP/branch manager at the
bank’s Veterans Boulevard branch in Fargo.
Medina
Choice Financial proudly re-introduces their team members
to the community following the Northland Financial
merger into Choice Financial in October.
Parshall
Kristin Jaeger joined the Cornerstone
Bank team on January 18 as marketing
director. She has over 12 years of
marketing experience. Jaeger received a
Bachelor of Science degree from South
Dakota State University in 2003 and
a Masters of Business Administration
from the University of Mary in 2006.
Gerald Horner has been with Choice Financial since 1995
and will continue in his position as vice president location
manager.
Rhonda Schlecht has been with Choice Financial since
2002 and will continue in her position as personal banker.
Karen Schlecht has been with Choice Financial since 2012
and will serve in the position of senior frontline specialist.
Valerie Leier has been with Choice Financial since 1990
and will continue in her position as loan assistant.
Steele
Choice Financial proudly re-introduces their team
members to the community following the Northland
Financial merger into Choice Financial.
Fargo
Cornerstone Bank has announced that
Eric Carlson, SVP/finance director,
will now oversee the audit, finance and
compliance teams. Additionally, he will
be joining the bank management board.
Carlson joined Cornerstone Bank in
September 2015 and has over 21 years
of experience in the financial services
Eric Carlson
industry. He earned his B.S. in business
administration and MBA from North
Dakota State University and is a chartered financial analyst.
Terry Strand has been with Choice Financial since 1999
and will continue in his position as location president.
Linda Rudolph has been with Choice Financial since 2000
and will continue to serve in her position as assistant vice
president business/ag banker.
Mark Sand has been with Choice Financial since 2007
and will continue in his position as assistant vice president
business/ag banker.
Kris Stroh has been with Choice Financial since 2002 and
will serve as commercial loan operations specialist.
Grand Forks
Lisa Zimmerman has been with Choice Financial since
2005 and will serve as commercial/ag loan assistant.
Choice Financial CEO, Brian L
Johnson, has been chosen to represent
North Dakota on the Fifty State
Banker Board for Friends of Traditional
Banking.
Friends of Traditional
Banking is a network of banking
advocates who recognizes the critical
role of traditional banking in our local
Brian L. Johnson
communities. The Fifty State Banker
Board helps provide guidance and
growth for Friends of Traditional Banking as they guard
against overregulation and preserve community banking.
Robin Rewald has been with Choice Financial since 2005
and will continue in her position as personal banker.
LaVonne Mittleider has been with Choice Financial since
2004 and will serve as commercial loan operations specialist.
Dawn Dewitz has been with Choice Financial since 2004
and will continue in her position as commercial loan
operations specialist.
Renae Kennedy has been with Choice Financial since
2014 and will continue in her position as senior frontline
specialist.
Emy Fettig has been with Choice Financial since 2012 and
was recently promoted to frontline operations manager.
Moorhead
Brenda Messerschmidt has been named
VP/branch manager at Bell State Bank
& Trust’s Moorhead branch. Originally
from Mountain, ND, Messerschmidt
has been in the banking field for 31
years. Messerschmidt started her career
at Citizens State Bank in Neche, ND.
She joined Bell State Bank & Trust in
Kristin Jaeger
Annette Bartholomaus has been with Choice Financial
since 2007 and will continue her role as frontline specialist.
Pam Binder has been with Choice Financial since 2006 and
will serve as director of HR & benefits.
Ron Martin has been with Choice Financial since 2003 and
will continue in his position as insurance agency manager.
Brenda Messerschmidt
46
Robin Dewald has been with Choice Financial since 1999
and will serve as an insurance client account manager.
Kelsey Smith recently joined Western
State Bank as a human resources
director. Prior to joining Western,
Smith worked at Blue Cross Blue Shield
of North Dakota as the manager of total
rewards and human resources. Smith has
also served as a human resource officer
at Bank of North Dakota and a personal
Kelsey Smith
banker at Wells Fargo. Originally from
Hurdsfield, ND, Smith attended North
Dakota State University where she earned her bachelor’s
degree in business administration. Throughout her career,
Smith has earned her Senior Professional in Human
Resources (SPHR) certification and has been recognized as
a Society of Human Resource Management Senior Certified
Professional (SHRM-SCP).
Sheryl Benz has been with Choice Financial since 1986 and
will serve as an insurance client account manager.
Watford City
Cornerstone Bank will break ground on a new location on
Highway 85 in Watford City this spring with plans to open
to customers in the summer of 2017. Watford City Market
President Dale Patten says the move is necessary because of
the bank’s growth.
Conveniences like a drive up ATM and better parking will
be in addition to the same great services offered at the current
location.
Cornerstone is working on this project with the Architecture
Firm wild | crg.
Ashley Hauer recently joined Western
State Bank as a mortgage loan processor.
Originally from Brainerd, MN, Hauer
received her Associates of Applied
Science degree in accounting from
Alexandria Technical and Community
College in Alexandria, MN, and her
Bachelor of Science degree in finance
from Rasmussen College.
www.cornerstonebanks.net
facebook.com/cornerstonebanks
Riley Rude was recently promoted
to AVP/business banking officer at
Western State Bank.
Rude has
over seven years of experience in the
financial industry. Prior to joining
Western in October 2012, Rude served
as a commissioned examiner for the
Federal Deposit Insurance Corporation
(FDIC). Originally from Fargo, Rude
earned his Bachelor of Science Degree
in finance from MSU Moorhead.
West Fargo
Western State Bank once again partnered with Lake
Agassiz Habitat for Humanity for Giving Hearts Day
on February 11, 2016.
Western matched the first
$5,000 of the total funds
raised on Giving Hearts
Day. Total donations
received were $20,480 to
support Lake Agassiz’s
Habitat for Humanity
mission of building homes,
communities and hope in
Cass and Clay counties.
W E
ndbaconvention.com
47
Ashley Hauer
Riley Rude
L C O M E
Chontay Mastel has also joined Widmer
Roel in their audit department. She has
a bachelor’s degree from North Dakota
State University.
aSSoCiaTe
Fargo
HAPPENINGS
Juan Martinez has joined Widmer Roel
in their Fargo location audit department.
Martinez has a bachelor’s degree from
the University of North Dakota.
Bismarck
North Dakota Housing Finance Agency recognized several
of its housing partners as Champions of Affordable Housing
during its 25th Statewide Housing Conference.
Chontay Mastel
Bloomington, MN
“The Champion awards recognize and celebrate the work of
individuals, non-profit organizations, public agencies, and
private sector businesses that make exceptional affordable
housing contributions in North Dakota.” said Jolene Kline,
NDHFA executive director.
Officers representing the holding
companies of Minnesota-based United
Bankers’ Bank (UBB) and Ohio-based
Great Lakes Bankers Bank (GLBB)
announced today that they have signed a
definitive merger agreement.
Lender and real estate awards are based on promotion of
NDHFA’s homeownership programs and participation in
locally sponsored affordable housing projects and events.
UBB’s product portfolio will supplement and expand the
services already offered by GLBB to the 200-plus community
banks it serves in Ohio and Michigan.
An award was presented to Gate City Bank for originating
a loan on NDHFA’s behalf in 2015. Tammy Skogen, a loan
officer with Gate City Bank of Bismarck, accepted the award.
The merger agreement will be filed with the Federal Reserve
Bank of Minneapolis for approval. Once approved, the
merged bank will do business as United Bankers’ Bank
and will remain headquartered in Minnesota with an
office, operational personnel and calling officers located in
Worthington, Ohio.
Bismarck
North Dakota Housing Finance Agency is currently
accepting applications for development assistance through
the state’s Housing Incentive Fund.
Juan Martinez
Fargo
Dakota CDC Board of Directors
elected new member, Jim Stai, on
December 2, 2015. Jim was elected as a
director on the board and will represent
the economic development sector. Jim
spent ten years teaching business at
Jim Stai
Lake Region Jr. College before joining
the U.S. Small Business Administration
(SBA) in 1979. During his time at the SBA, Jim served as the
business development specialist for the Fargo district office,
assistant district director for business development, and most
recently as the North Dakota district director, which he held
until retirement in July 2013. Upon retirement, Stai went
back into the classroom for a semester, teaching business
at University of North Dakota. Dakota CDC Board of
Directors has elected Stai due to his extensive knowledge in
working with small business development across the state.
With over 34 years of experience serving North Dakota and
promoting development through small business growth, the
board believes Stai will be a valuable contributor to Dakota
CDC.
HIF supports the development of multifamily housing for
essential service workers and low- and moderate-income
households. Approximately $9 million is available; $5 million
is set aside for communities with populations less than
12,500. Rural community populations will be determined
using 2010 U.S. Census data.
HIF program information can be found online at www.
ndhousingincentivefund.org. To be considered for funding,
applications must be submitted by 5 p.m. (CST) on March
31. Contact NDHFA at (800) 292-8621 or [email protected]
for more information.
Bismarck
Kyle Palczewski has joined the tax
department of Widmer Roel, a public
accounting and business advisory firm.
He has a bachelor’s degree from the
University of North Dakota.
Kyle Palczewski
48
BaNKeRS’ CLaSSiFieDS
Credit Analyst II
Cornerstone Bank is looking for a Credit Analyst II to join
our professional team. Preferred position location is Fargo,
however subject to qualifications, other Cornerstone Bank
market locations may be considered. This individual will
work as an integral part of the lending team, serving as a key
person for commercial, agricultural, and real estate lenders
by analyzing credit information to estimate degree of risk
involved in extending credit to businesses or individuals.
A Bachelor’s Degree in Finance or related field and 4 years
of related experience, or an equivalent combination of
education and experience. We offer competitive salaries, a
comprehensive benefits program and career development
opportunities within an exciting growing company. To
join a community bank and rewarding work environment,
interested applicants please apply online at: www.
cornerstonebanks.net.
HIRING?
Run your next job
announcement or other
ad in the Bankers’
Classifieds, included in
each issue of the NDBA
Bulletin.
The cost is $25 to run in
two consecutive issues.
The ad will also be posted
on NDBA’s website for 6
weeks.
To place an ad,
email information to
[email protected].
AA/EOE/Member FDIC
Commercial Loan Officer
Rapid City, SD
Business Ag Banker
Dickinson, ND
Our client, Pioneer Bank & Trust located in Rapid City, SD
is seeking a highly motivated individual to join its lending
team in the position of a Commercial Loan Officer. The
successful applicant will be responsible for developing, servicing and retaining profitable customer relationships.
Cornerstone Bank is looking for a Business Ag Banker to
join our professional team in Dickinson. This candidate is
responsible for soliciting and/or developing and maintaining
profitable account relationships with business customers and
complex and large business accounts. This position is also
responsible for the overall success and growth of assigned
sales territory and cross selling bank products and services. A
bachelor’s degree in business, finance, or accounting and five
years of banking experience, or an equivalent combination of
education and experience sufficient to successfully perform
the essential duties of the job is required. Experience in the
energy (oil) industry and agriculture industry preferred.
We offer competitive salaries, a comprehensive benefits
program and career development opportunities within an
exciting growing company. To join a community bank and
rewarding work environment, interested applicants please
apply online at: www.cornerstonebanks.net.
Qualifications include a bachelor’s degree in accounting, finance or business. The individual must demonstrate strong
communication and leadership skills and be committed to
participate in and promote community activities. A minimum of five years of experience as a commercial lending
officer is preferred.
Pioneer Bank & Trust is a locally owned, totally independent community bank that has been serving the banking
needs of Western, SD since 1913 and offers a comprehensive compensation and benefits package. Pioneer Bank &
Trust is proud to be an affirmative action/equal opportunity
employer. EOE AA M/F/Vet/Disability
AA/EOE/Member FDIC
To apply, please visit –
www.eidebailly.com/careers/positions-with-clients
49
BaNKeRS’ CLaSSiFieDS
Customer Service Representatives
Dickinson, ND
Compliance Officer
Cornerstone Bank is looking for a Compliance Officer to
join our professional team. This candidate is responsible
for managing the bank’s compliance program and team to
ensure adherence to applicable laws and regulations. Duties
include developing compliance policies and procedures,
ensuring Regulatory requirements are incorporated into
business processes, reviewing/updating Compliance Risk
Assessment and Risk Review schedule and submitting
updates to the Board, and liaison between regulators,
consultants, auditors, and senior management with regard
to regulatory compliance matters. A bachelor’s degree in
business administration or related field and five years of
compliance experience required. CCBCO or CRCM
certification preferred. We offer competitive salaries, a
comprehensive benefits program and career development
Cornerstone Bank is looking for full-time and part-time
Customer Service Representatives to join our professional
team in Dickinson. This position is responsible for
processing new account transactions, assisting customers
in their selection of various accounts and financial services,
and cross-selling the Bank’s products and services. A high
school diploma or equivalent and one year of bank or
related experience required. We offer competitive salaries,
a comprehensive benefits program and career development
AA/EOE/Member FDIC
AA/EOE/Member FDIC
Personal Banker
Dickinson, ND
Agricultral Lending Officer
Garrison, ND
Cornerstone Bank is looking for a Personal Banker to
join our professional team in Dickinson. This candidate
is responsible for processing all account transactions,
originating consumer credit, assisting customers in their
selection of various accounts and financial services, and
cross-selling the Bank’s products and services. A bachelor’s
degree in a related field and five years of banking experience,
or an equivalent combination of education and experience
sufficient to successfully perform the essential duties of the job
is required. We offer competitive salaries, a comprehensive
benefits program and career development opportunities
within an exciting growing company. To join a community
bank and rewarding work environment, interested applicants
please apply online at: www.cornerstonebanks.net.
Garrison State Bank & Trust has an opening for an
agricultural lending officer.
Qualified applicants will be responsible for maintaining
an existing customer base and developing potential new
loan customers; preparing loan requests with information
necessary for presentation to loan committees; and will
represent the bank through involvement and participation
in community events.
We offer a competitive salary based on experience and a
full benefits package. For consideration, please send resume
with salary requirements to:
Bruce Schreiner
PO Box 339
Garrison, ND 58540
AA/EOE/Member FDIC
Garrison State Bank & Trust is an Equal Opportunity
Employer of women, minorities, protected veterans and
individuals with disabilities.
50
ENDORSED
BUSINESS PARTNERS
Bank executives
make decisions every day.
The NDBA Services Endorsed Products and Services
program aims to make some decisions a little easier.
The companies below have been approved by a nine-member board
representing North Dakota’s banks. The decision to endorse a company’s
products and services is not made lightly. Each has to meet several requirements, such as banking-industry
expertise, a demonstrated track-record of success, and the ability to provide consistently good service and bring
value to NDBA members. Once a company is endorsed, we continue to monitor its performance to make sure the
needs of our members are being met in a cost-effective manner.
There is an additional benefit. Each time you do business with an endorsed partner, NDBA receives revenue shares
that help us offer our members a variety of high-quality services. We hope you consider using these companies. If
you would like more information about the endorsed providers, please call NDBA at 701-223-5303.
51
beat
Prevent, treat &
this cancer
Colonoscopies and other screenings can detect
colorectal cancer before it even develops. And when it’s
found early, treatments are very effective. Talk to your
health care provider about a colonoscopy so we all keep
preventing, treating and beating this cancer.
www.BCBSND.com
Blue Cross Blue Shield of North Dakota is an independent licensee of the Blue Cross & Blue Shield Association
Noridian Mutual Insurance Company
52
Monthly wellness materials are part of a
comprehensive health and wellness platform,
BlueElements, which focuses on six dimensions
of well-being—physical, social, emotional,
ﬁnancial, professional and environmental.
Sources:
American Cancer Society
29376221
(2061) 2-16