Illinois Banker Magazine | May - June 2020

Page 35


Illinois Bankers Business Services, Inc. Announces Two New Preferred Vendors By Brian Hoffman, President, Illinois Bankers Business Services


UFS’s mission: Empowering Community Banks and Our People to Thrive-Together UFS was recently approved by the Illinois Bankers Business Services (IBBS) Board of Directors – selected by bankers for bankers – because of the proven track record of giving banks the innovation and flexibility to confidently compete with the largest banks in the country, and the freedom to deploy the technology that empowers each bank’s unique strategy.    Some fun facts: • UFS was created by banks in 1991 • UFS is owned by 20 banks • UFS provides service to banks

only, not Credit Unions, not any other type of FI • Over 100% of the profits are invested back to help banks thrive • With customers from Minnesota to Arkansas, over 30% of Wisconsin’s banks work with UFS • UFS hosted 18 customer events in 2019 so bankers could meet, collaborate, and learn how to help their bank thrive UFS helps banks: • Convert capital costs associated with IT to efficient operational


• Mitigate risk related to IT and


• Improve operational efficiency • Move from “Basic” to

“Advanced” on the Cybersecurity Assessment Tool • Simplify IT regulatory compliance • Efficiently and securely network bank locations • Move to the cloud, specifically to a “Community Bank Only” cloud housed in a UFS owned SOC1/SOC2 data center continued on next page

Cardinal Board Services Not Like Other Executive Search Firms…

The Illinois Bankers Association and Illinois Bankers Business Services, Inc. (IBBS) Board of Directors is proud to announce our new preferred vendor, Cardinal Board Services, a board search firm aiming to meet the unique needs of institutions within the financial services industry. Backed by their 25-year history, Cardinal Board Services assists banks to overcome the challenges associated with the organization of the Board and the recruitment of new Directors or Advisors.

The Board of Directors is essential to the success of your bank, so building the best board possible should be at the top of your priority list. Next on the list should be keeping the board at a highly productive level. Cardinal Board Services not only assists you in searching for the strategic members that will help your board reach its highest potential, but they will also help you build policies and strategies to be sure you never slip below your goals. Are you searching for diversity on your board in terms of age,

geography, gender, etc.? Are you a bank that has found yourself in the midst of an acquisition? Maybe you are a family owned bank that is looking for new perspectives for your board. You could even be looking to build a succession, or reevaluation, plan for current members of your board. Cardinal Board Services is capable of delivering exceptional results by positioning your bank for long-term success, during these challenges, through the placement of key board members. continued on next page

May-June 2020 •

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