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1891-2016 | Celebrating 125 Years
KBA STAFF
OFFICERS
Ballard W. Cassady Jr. President & CEO bcassady@kybanks.com
Chairman Mr. Louis Prichard Kentucky Bank
Debra K. Stamper EVP & General Counsel dstamper@kybanks.com
Vice Chairman Mr. Michael H. Mercer First Security Bank of Kentucky
Matthew E. Vance Chief Financial Officer mvance@kybanks.com
Treasurer Mr. Timothy E. Barnes Hometown Bank of Corbin
Selina O. Parrish Director of Vendor Solutions sparrish@kybanks.com
Past Chairman Mr. H. Lytle Thomas Heritage Bank, Inc.
Paula B. Cravens Sturgeon Director of Education Solutions pcravens@kybanks.com
BOARD OF DIRECTORS
Josh Fischer Director of Communications jfischer@kybanks.com Billie Wade Executive Director, HOPE of Kentucky bwade@kybanks.com Miriam Cole Executive Assistant mcole@kybanks.com John P. Cooper Legislative Solutions jcooper@kybanks.com Paula Cross Education Services Coordinator pcross@kybanks.com Jamie Hampton Education Services Coordinator jhampton@kybanks.com Natalie Kaelin Assistant General Counsel nkaelin@kybanks.com Michelle Madison IT Manager mmadison@kybanks.com Lanie Minton Administrative Assistant lminton@kybanks.com Tammy Nichols Convention Coordinator Finance Officer, HOPE of Kentucky tnichols@kybanks.com Katie Rajchel Staff Accountant krajchel@kybanks.com Yvonne Savage PAC Services Coordinator ysavage@kybanks.com Angie White Sponsorship Relations awhite@kybanks.com Steve Whitlow Systems Engineer swhitlow@kybanks.com
Mr. Bill Allen Bank of the Bluegrass and Trust Co. Mr. William Alverson Traditional Bank, Inc. Mr. James W. Beach Peoples Bank & Trust Co. Mr. J. Wade Berry Farmers Bank & Trust
JANUARY 2016
CONTENTS CHAIRMAN’S CORNER........................................5
»STRAIGHT»TALK»..........................7 WHAT WE CAN DO ABOUT IT..........................9 BEATRICE SIMPSON LANE...............11 BOND U IS BACK................................................13 BANKERS ON THE MOVE ...........................14
Mr. W. Fred Brashear, II Hyden Citizens Bank
BANK HAPPENINGS..........................................15
Ms. Lanie W. Gardner First Southern National Bank
KNIGHT NAMED PRESIDENT.........................17
Mr. Gordon Kidd United Cumberland Bank Mr. Glenn Meyers Kentucky Federal Savings & Loan Assoc. Mr. Michael Mineer Citizens Deposit Bank & Trust Mr. Dale Sights Field & Main Bank Mr. Thomas J. Smith, III American Bank & Trust Co., Inc.
CFSB’s UGLY SWEATERS...................18 KBA GOES TO WASHINGTON........................20 INSURANCE INSIGHTS.....................................20 KBA EDUCATION EVENTS...............................20
Mr. Ryan Curtis Steger Town Square Bank Mr. John T. Taylor PBI Bank
Our Mission Statement
Mr. Jed Weinberg Bank of Hindman
Chuck Maggard President & CEO cmaggard@kybanks.com Lisa Mattingly Director of Sales & Service lmattingly@kybanks.com Tim Abbott Account Representative tabbott@kybanks.com Brandon Maggard Account Representative bmaggard@kybanks.com
Kentucky Bankers Association 600 West Main Street, Suite 400 Louisville, Kentucky 40202
Donna McCartin Benefit Support Specialist dmccartin@kybanks.com
Phone: 502-582-2453 Fax: 502-584-6390 Website: www.kybanks.com
Audrey Whitaker Insurance Services Coordinator awhitaker@kybanks.com
Together We Make A Difference
Our Commonwealth
One Voice Unifying Banking in Kentucky The KBA is a nonprofit trade association that has been providing legislative, legal, compliance and educational services to its member institutions since 1891. The KBA’s directors and staff work together with its members to make the financial services industry a more effective and successful place to work. The strength of the KBA is bankers unifying as an industry to speak as one voice.
The purpose of the Kentucky Bankers Association is to provide effective advocacy for the financial services industry both in Kentucky and on a national level; to serve as a reliable and responsive source of information and education about areas of interest to the industry; and to provide a catalyst and forum for collective industry action. The KBA does this in four ways: 1. Government relations & industry advocacy 2. Information interchange 3. Education 4. Products and services ADVERTISE/SPONSOR Call Angie White 502-736-1284 or email awhite@kybanks.com
MAGAZINE
SUBMIT/SUBSCRIBE Call Josh Fischer 502-736-1283 or email jfischer@kybanks.com
Kentucky Banker Magazine (KBM) is the official monthly periodical of the Kentucky Bankers Association (KBA). No part of KBM may be reproduced without written permission from the KBA. The KBA is not responsible for opinions expressed by outside contributors of articles published in KBM.
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CHAIRMAN’S CORNER
Take Action: Goals are nothing without action. Don’t be afraid to get started. Just do it. Is it true that Dodd-Frank was written to apply controls on large financial institutions without respect to community banks? What can be done to change this flaw in the spending bill?
Louis Prichard, KBA Chairman
Addressing the recent setback on Capitol Hill with the removal of regulatory relief from the 2016 spending bill, the following is a conversation with KBA Chairman Louis Prichard about what it means for Kentucky banks and what we can do to take action. How does the failure in Congress to pass a meaningful spending bill affect Kentucky’s Community banks and their customers? Mr. Prichard: In my view the failure to pass the omnibus spending bill, which I think went a long way toward regulatory relief for community banks, means we simply continue on the path of making “defensive decisions” rather than making decisions that allow for growth and truly help our customer base. Our customers who need financial assistance, particularly in the lending area, will suffer for quite some time in their ability to have their needs met properly and effectively by community banks. In the mortgage area of the bill, the residential mortgage area in particular, there was an attempt to have what we call “portfolio lending” which would have helped borrowers tremendously, but it was removed. Taken out. Stricken from the bill. Both in the short and long term (the removal of portfolio lending is) going to inhibit our ability to take care of our customer.
Mr. Prichard: Unquestionably that was the intent of Dodd-Frank, to address the problems created by the larger, and more complex, financial institutions on Wall Street. However, what has actually happened over the last few years is what I call regulatory creep. Many of those larger issues that apply to the larger banks don’t apply to those of us who are in more traditional, community banking environments. (The lack of regulatory relief) is having a dramatic, negative impact on our abilities to do the things we have done in the past to meet the needs of our customers. How does this setback change the goals of the KBA? Mr. Prichard: I think it is really important to emphasize here that our goals are the same, that they have not changed. I think what it really means is that we have to redouble our efforts in gaining much-needed regulatory relief for traditional, community banks. It will take ALL of us to double down in our efforts to obtain regulatory relief both at the state and federal level, but particularly at the federal level.
Let me give you what I think one of our goals would be at the federal level. To obtain regulatory relief at the federal level in the form of “tailoring” regulations with respect to complexity and a bank’s business model, and not purely on asset size. Those banks that are complex and have multiple subsidiaries that perform a variety of functions like investment banking, who carry with them a lot of By taking out regulatory relief in the new spending bill, systemic risk to the banking industry, they are vastly difwhat consequences should Kentucky banks expect to see ferent (compared) to those of us who utilize a more traditional style of banking, like taking deposits, and lending in our day-to-day operations? money, etc. Mr. Prichard: In this regard I agree with Ballard (Ed. Note: See page 9). We will unfortunately have to continue As one of the more respected Bank Associations in the to keep operating in the same no-man’s-land of uncer- country, what can the KBA do to regroup? tainty. Changes will have to be made. Without regulatory reform of some consequence, banks will be limited in Mr. Prichard: We will need to strengthen our resolve and lending and ultimately limited in providing resources to press on. We need to encourage all of our member banks to follow these issues vigorously. We need to make sure our customers to help our local economies grow. continued on the next page
Serving the Commonwealth
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January 2016 | KENTUCKY BANKER 5
CHAIRMAN’S CORNER
Take Action: Goals are nothing without action continued from the previous page
that our member banks and their constituents are in constant contact with their congressman or congresswoman and to voice our opinions about the need for regulatory relief. We need to remind the American Bankers Association that they primarily represent our interests as community banks, and we need to encourage other bank associations to help continue to fight for regulatory reform. What are some immediate things KBA members can do to accelerate the chances for meaningful regulatory relief in Congress? Mr. Prichard: As Ballard has said (Ed. note: see page 9), we need to constantly contact the members of the Senate and the House to let them know that, by their inaction, they continue to retard the growth in all the markets in which we serve our customers. In addition, we also need
to let (Congress members) know, as bankers, if they want our support they need to understand what our needs are, and as such they need to know where we as an association stand on these particular issues. As you have read, the title of this month’s Chairman’s Corner is “Take Action.” As an association we have goals. These goals mean little if we do not take action to help alleviate our industry of undue regulatory burden. Goals are meaningless without the will to achieve them. Hopefully by Ballard and I discussing regulatory relief in this first issue of 2016, the KBA’s 125th year, we as members can better understand the real need to take action at every level so that we can obtain the regulatory relief that we need in order to be the true economic engines in the communities in which we operate.
» KBA CEO BALLARD CASSADY TAKES ON THESE QUESTIONS ON PAGE 9 » DID YOU KNOW you can visit our website to learn the name & contact information of your state & federal representative? Go to www.kybanks.com » click Legislative Solutions from the top navigation bar » go to Contact Your Legislator »»»»»»
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»STRAIGHT»TALK»
Telling It Like It Is, or Was These Ugly Boots Were Made For Wallerin’ Ballard Cassady, KBA CEO
Okay, I know, I got a little hot under the collar with last month’s Straight Talk column. I received several phone calls with some readers thanking me for “telling it like it is” and other readers saying I was being disproportionately unfair to the Democrats in Congress. One reader thought I was being unfair to Congressman John Yarmuth. (It might have been Yarmouth himself, disguising his voice.) Fact-Checking My Facts
Wallerin’ For The Truth I once made a derogatory comment about a friend’s boots; the next thing I know he and I were wallerin’ in the creek bed. (Ed. Note: East Kentucky term for “fighting” or “wrestling”) We’re still friends today in spite of his poor taste in boots. With regard to telling it like it is, the question that remains is: how do you get around hurting someone’s feelings, and at the same time tell the truth? I mean, his boots were really ugly. Raised like I was, I had to tell my friend the truth.
The truth is, I might have been unfair to some Congressional Democrats who truly believe that banking, regardless of the size of the institution, is bad. That we are a blight on society. If they truly believe that then they should vote against us. But, for the record on Yarmuth, I went back and checked my claim: he has NOT EVER voted for a PRO-BANKING BILL. Not ever. That to me, and to those interests I am privileged to serve, is unconscionable. I just don’t understand it, especially from someone who has benefitted from the banking Hunting For Peaceful Ground industry like Congressman Yarmuth and his family. Or maybe I am right, and what Yarmuth is doing is kow- My wife advises me in these instances to take a few towing to the power brokers in the House. It is the only more words to explain the situation more thoroughly. explanation that makes sense to me. My dad would have said, “The heck with it, if they can’t stand the truth then they need to get out of the game!” I Choosing Sides think somewhere in between the two is a good answer. I will continue to hunt for that “peaceful ground” style And here’s the problem with telling it like it is, or telling of communication. it like it was: you are bound to make some people mad just because you are talking about their team. Politics So, for those I made unhappy with last month’s column, is as much about sides as ideas. (In fact, you can spell a I’m sorry and I appreciate your feedback. For those I side with the letters in ideas.) Each side even has a team made happy, I’m glad and I appreciate the support. For color (red or blue) and a mascot (donkey or elephant). those who thought I was too hard on Congressman Most of you know me; I’m from East Kentucky where John Yarmuth, I ask, have you seen his boots? blood and family clans are thicker than molasses. continued on next page Serving the Commonwealth
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continued from previous page
Let’s talk about our PAC for a minute.
to a politician. With our PAC money, we get a voice in elections no matter what party they belong to. You treat Our PAC has grown into one of the largest in the state our industry wrong... our PAC is the glove that can put thanks to all of our bankers around the Common- a lump on ya no matter what side you are on. wealth. That’s a really good thing, and I want to extend a thunderous thank you for your support. It’s the rea- Our PAC is on the banker’s side, period. We don’t care about social issues or religious issues (we leave those to son our PAC is so strong. you); we only care about banks and bankers. Our PAC What the strength of our PAC does is send a signal to is the most significant Government Relations effort we politicians that we have enough money to make a dif- have to help bankers. Every year there are new things ference in a tight campaign, much like what we did a to advocate and fight for. This might be one of the few years ago when one of our Republican Congress- most important years in recent memory for our PAC women turned on us. We used our PAC money to help to operate. Without a strong PAC you are just another get her beat in the next election. (You probably see that voice in the wilderness, unless you’re one of those “tree my wife’s influence is helping me here.) There is an old huggers” who think all you need is a righteous issue saying in the political business, “Politicians only care to be heard. (Oops, sorry Marcia. I digressed.) Be sure about what you can do for them or to them.” If you to wear the right boots in the wilderness though, the can’t do either, then you are pretty much insignificant wallerin’ is about to begin.
8 KENTUCKY BANKER | January 2016
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The Future of Community Banking? What We Can Do About It.
Addressing the recent setback on Capitol Hill with the removal of regulatory relief from the 2016 spending bill, the following is a conversation with KBA CEO Ballard Cassady about what it means for Kentucky banks and what we can do to take action. How does Congress’ failure to pass a meaningful spending bill affect Kentucky banks and their customers? Mr. Cassady: Ever since Dodd-Frank passed, the industry has found itself operating under a lending template designed by regulators as to who gets money and who doesn’t. Under this new lending template there are literally thousands - hundreds of thousands - of bank customers who we used to take care of, that we can’t take care of anymore, and that’s because a lot of the ways we used to take care of them is considered illegal now, or unsafe. I would think it hilarious if it weren’t so serious that the Consumer Financial Protection Bureau (CFPB) actually thinks they are helping the consumer. They’ve done more to restrict debt to consumers than anyone, short of a depression. The American Action Forum (AAF) just issued a report* showing what a profound effect Dodd-Frank has had on consumers. There has been a 14.5 percent drop in consumer revolving credit since 2010. So when you consider Dodd-Frank’s $30 billion in final regulatory costs, with what the AAF quantifies as 72 million hours of paperwork, this burden has to land somewhere, and that somewhere is the consumer, the customer of our community banks.
to undermine Dodd-Frank. So it’s their President they are protecting, not the constituents they’re serving. Is it true that Dodd-Frank was written to apply controls on large financial institutions without respect to community banks? What can be done to change this flaw in the bill? Mr. Cassady: As Louis said (Ed. note: see page 5), “mission creep,” Dodd-Frank was written to rein in Wall Street. Unfortunately they treat a $100 million dollar bank like it was a $100 billion dollar bank, they’re all the same in Congress’ eyes. Well, that’s past absurd, it’s insane. I have been saying it for nearly eight years now, when they passed Dodd-Frank they passed a bill, in my opinion, that systematically dismantled the banking industry from risk-taking. Banking is a risk-taking business, and Dodd- Frank tries to take all the risk out of banking by telling the banks who they can lend to and not. There is no such thing as a character loan anymore, and that’s not banking. Dodd-Frank wants banking to be a sure thing, but that’s not banking.
By taking out regulatory relief in the new spending bill, How does this setback change the goals of the KBA? what consequences should Kentucky banks expect to see in Mr. Cassady: It doesn’t. Our goals are the same. Our goals our day-to-day operations? are to try and alleviate some of this burden on the industry Mr. Cassady: We’re not going to see any, that’s the problem. so they can get back to serving their communities. That’s You’re not going to see any change. It still is going to be what we’re about. Without their communities the banks are very Draconian. It’s still going to be very hard to serve your nothing, so if you can’t serve them, well, then why are you customer base. Can we mitigate the process? That’s what we there? Without the banks we are nothing. were trying to do and, unfortunately, right now in Washington any change in banking regulation at all is seen as trying As one of the more respected Bank Associations in the to undermine one of (President) Obama’s signature bills, country, what can the KBA do to regroup? which is Dodd-Frank. He’s basically got two signature bills that he is going to go out on, saying that he did great things Mr. Cassady: We’re going to have to regroup. In a nutshell on, one being Obamacare and the other is Dodd-Frank. let me tell you what happened to banking (at the end of You have to make up your own mind as to what you think 2015 with the deletion of regulatory reform from the 2016 about that legacy, but any change to banking, any change budget). Congress took billions of dollars out of the bankto Dodd-Frank, is viewed by the Democrats as an attempt ing industry’s pockets when they passed the fed dividend * AAF Research: Dodd-Frank’s Impact on Revolving Consumer Credit | http://americanactionforum.org/research/dodd-franks-impact-on-revolving-consumer-credit Celebrating 125 Years
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to come back stronger and bigger and meaner. You can’t in the transportation bill. They took billions of dollars and just say, “we’ll do better.” We’ve been saying that for years in then turned around and gave absolutely nothing in ex- Washington. We have to make serious changes, otherwise change for that. This shows you how much they respect the you can’t expect banks to follow you again. banking industry. What are some immediate things KBA members can do to This Congress has zero respect for the banking industry, accelerate the chances for regulatory relief in Congress? that’s obvious and it’s painful. I never knew that until just now. It’s like getting beat up in high school, and then they Mr. Cassady: The next time you see your Congressman take your lunch money too. They took billions of dollars or Congresswoman, read them the riot act. Tell them how out of the industry then turned right around and took what severely disappointed you are in them about this. And we would have given the smaller banks an opportunity to get have to do that all across the United States, not just here back in the game, and it would have helped in Kentucky. And I’m probably being a litthe economy, it would have gotten a lot of Our bankers have tle bit hard because here in Kentucky all our small businesses back in business, they took Congressional members were supporting us it ALL and flushed it down the toilet. And got to get mean. with the exception of John Yarmuth (D-KY they did it all without any regret to banking They have to get 3rd District). If I were a banker in Louisville I would not give a penny to his campaign. I never knew Congress had such disdain for in these guys’ faces Why would you help support someone who the banking industry. So we have got to reand they have to does absolutely nothing to help you and the group. You can either come back tomorrow way you make a living? And we have some with more lunch money and get beat up start demanding bankers who do, and it boggles my mind. If again; or, you can go home, lift some weights, help, otherwise you look at his political action committee, he take some boxing lessons, and get yourself has bankers who give him money. Why? He in shape for the next time they try to beat they aren’t going has never voted for a banking bill, ever. Ever. you up. That’s metaphorically telling us what to get it. we’ve got to do. As an industry we have to reOur bankers have got to get mean. They have group, we have to get meaner, and we’ve got to get in these guys’ faces and they have to to get bigger PAC balances (muscularity). We have got to start demanding help, otherwise they aren’t going to get it. make these guys and gals pay for what they did to the bank- Politicians only care about two things: what you can do for ing industry; if we don’t, they’ll do it again. them and what you can do to them. And we can get them elected, and we can get them voted out. This gentlemen’s I always get tickled at the FDIC when they ask us: aren’t you game, those days are over. This isn’t a gentlemen’s game anyworried about your image? My response is, let the market more. determine whether I should be worried about my image. If I do something wrong to my customers I expect my custom- We’ve lost 20 banks in the last four years in Kentucky, we ers to leave, to go somewhere else and do business. In my lost two last month. In my time that’s unprecedented. You overwhelming experience, bankers take care of their cus- take a place like Georgia. Georgia has probably lost sometomers. They take care of their communities. They volun- thing like 200 in the last 4 years. In Georgia it’s because they teer for every board. They are active in their churches. They turned into bad businesses because of a bad economy. That’s run in marathons to raise money and give back to their not the case here in Kentucky. Here they can’t afford to do communities. They help raise money for the cheerleaders business because of Dodd-Frank. They can’t make money and the football team. Bankers are the very fiber of every underneath the operational cost that Dodd-Frank put on community, and this is what Congress thinks of them? them so they have to merge out of business. Now you can only hope and pray that the people who buy the bank still To me they are kicking the consumer in the teeth too. They want to be in that community, but you lose a certain amount just told communities all across America “we don’t care if of connection. If I can only support one baseball team, then you survive or not.” The only people we are interested in is I am going to support the baseball team in my hometown. Wall Street. Nancy Pelosi lives on a vineyard in California, she’s a flyover. What does she know about people here tryLet me know what you think: ing to make a living? So yeah, we have to regroup. We have bcassady@kybanks.com 10 KENTUCKY BANKER | January 2016
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KENTUCKY BANKER PROFILE
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The Value of Service: Beatrice Simpson Lane “I’ve always wanted to help people.” Beatrice Simpson Lane, or “Ms. Bea” to her customers, was born in 1926 to Ben and Verda Mae Simpson of Tompkinsville, KY. Lane was the third child out of six to be born into the Simpson family.
far a smile and a proper greeting will go. “Beatrice has many customers that come into the bank just to see her,” said Brian Clemmons, president of South Central Bank. Lane says it is not rocket science when it comes to keeping loyal customers. “You simply treat people After graduating high school, Beatrice went off to the way you would want them to treat you,” she advises. Nashville to attend Business College for two years. After college, her plan was to move to the “big city” of Lane is very much involved in her Tompkinsville comLouisville with her cousin to begin her career in busi- munity. “I’ve always wanted to help people. My parents ness, but Tompkinsville wasn’t quite ready to let her go. raised all of us to be considerate and kind. I’m very thankful for them showShe was asked to stop by ing me how important what was then Deposit it is to always put others Bank to see if she would first.” be interested in possibly joining their staff. After Lane never lets an ima visit to the bank, a caportant day in one of shier came to her house her customers’ lives pass and extended an offer; without sending them the very next day she a personal note or card started her journey in the recognizing the day. world of banking. “This is just another way to let people know we When Lane started at value and respect them,” Deposit Bank in Sepshe said. tember of 1946, she was a Teller and Bookkeeper. Lane said she is very “Back then we only had grateful to have had the maybe five employees so everyone had more than one opportunity to work in such an honorable profession. job to do,” she said. “I remember when signatures acted She is proud to be in the banking industry and an emas account numbers and when someone came in to get ployee of South Central Bank. a loan, there was just a slip of paper they had to fill out, not all of the stacks that we have today.” This year Beatrice Simpson Lane will celebrate a pair of major milestones in her life – her 90th birthday and There is no doubt Lane has seen many changes in her her 70th year in the banking industry. If you find youralmost 70 years in the banking industry, technolo- self in Tompkinsville, be sure to stop in South Central gy being one of the biggest. The one thing that hasn’t Bank and say hi to Ms. Bea, a living legend in Kentucky changed, according to Lane, is the customer service banking. you will receive if you visit South Central Bank, where Story and Pictures by Angie White she now works in her hometown of Tompkinsville. awhite@kybanks.com Lane said she learned early on in her career just how Celebrating 125 Years
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January 2016 | KENTUCKY BANKER 11
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KBA EDUCATION SOLUTIONS
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“University, Bond University” KBA Bond University is Back! Reduced Registration Fees Sponsored by: KBA Bond University provides an in-depth look at the bond portfolio and how it should be managed to complement loan, deposit and A/L decisions that community banks make. Portfolios provide liquidity and are the primary tool to manage interest rate risk. And, as portfolios have grown, they have also become critical revenue generators. NEW! This year we will be holding two days of classes: BOND U 101: MANAGING YOUR INVESTMENT PORTFOLIO When: February 23, 2016 - 9 a.m. to 3 p.m. EST Where: KBA Offices, 600 West Main Street, Louisville, KY 40202 What: Bond U 101 will cover basic bond and strategy concepts as well as specific product sessions. BOND U 201: STRATEGIES OF MANAGING RISK AND REWARD NEEDS When: February 24, 2016 - 9 a.m. to 2 p.m. EST Where: KBA Offices, 600 West Main Street, Louisville, KY 40202 What: BOND U 201 will cover how to build and manage a portfolio based on the reward and the risk needs of Kentucky community banks and more advanced topics. FOR MORE INFORMATION & TO REGISTER Email Jamie Hampton jhampton@kybanks.com Serving the Commonwealth
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January 2016 | KENTUCKY BANKER 13
KENTUCKY BANKERS ON THE MOVE
CONGRATULATIONS BANKERS! FROM THE KBA
Jennifer Wilson
Brad Mattingly
Jennifer Wilson has joined Central Bank as Investment Officer. Mrs. Wilson brings nearly 13 years of financial industry experience to her new role. Jennifer is a graduate of the University of Kentucky where she earned her BA in communications. An active member of the Lexington community, Jennifer is on the board of Big Brothers and Big Sisters of the Bluegrass. In 2012, she was honored as one of the Leading Women of Central Kentucky.
Farmers National Bank announced that Steven Bradley “Brad” Mattingly has been appointed to the Board of Directors for Farmers National Bank, effective January 1, 2016, and will become the bank’s Executive Vice President. Mattingly joined the bank in 2006 as its Internal Auditor and is currently Vice President of Lending. Mattingly is a CPA and earned a degree in Accounting from Campbellsville University.
Erica Spalding
Craig Daniels
Central Bank announces the promotion of Erica Parks to Commercial Lending Officer. Mrs. Parks began her career at Central Bank in 1998; she has experience in both retail banking and commercial lending. A native of Colorado, Erica is a graduate of George Rogers Clark High School in Winchester. Erica volunteers with Partners in Education.
Central Bank announced the promotion of Craig Daniels to Executive Vice President, Director of Auditing. Mr. Daniels brings more than 31 years of experience to his new role; he has been with Central Bank since 1991. Craig is a graduate of the University of Kentucky; earned both his BA in journalism and his MS in accounting. He is also a Certified Public Accountant. A native of Elizabethtown, Craig currently resides in Lexington.
Bill Howell
Lisa Williamson
Farmers National Bank recently promoted William Howell to Senior Vice President, Lexington Market Director. Howell joined the organization in 2013 and has 15 years of experience in the industry. He is a graduate of Centre College and is currently a director of the Kentucky Mansions Preservation Foundation Inc., which operates the Mary Todd Lincoln House Museum.
Central Bank announced the promotion of Lisa Williamson to Assistant Vice President, Financial Planning. Ms. Williamson has been with Central Bank since 2001 and brings over 31 years of experience to her new role. A native of Pikeville, she is a graduate of the University of Pikeville where she earned a Bachelor of the Arts degree. Ms. Williamson currently resides in Lexington.
Brian Reynolds
Michael Friesen
Farmers National Bank recently promoted Brian Reynolds to Senior Vice President, Operations and Institutional Director. Reynolds is a graduate of Centre College, Cannon Financial Institute, and holds the Certified Retirement Services Professional (CRSP) and Certified Trust and Financial Advisor (CTFA) designations. He is a graduate of Leadership Boyle County and is treasurer of Happy Paws Spay/Neuter Clinic.
Traditional Bank is excited to welcome Michael Friesen as a Commercial Loan Officer. Friesen joins Traditional Bank with 10 years commercial lending experience. A Lexington native, Friesen received his MBA from the University of Kentucky and completed his undergraduate degree in Finance at the the University of Richmond in Virginia.
Kathy Milby
Adam Rodgers
Farmers National Bank recently promoted Kathy Milby to Assistant Vice President, Trust Administrator for the Danville office. She joined Farmers National Bank in 2009 and has worked in the trust industry for over 35 years. Milby is a graduate of Transylvania University and the American Bankers Association’s Graduate Trust School. She currently serves on the Heart of Danville Preservation Committee.
Central Bank announces the promotion of Adam Rodgers to Credit Analyst Officer. Mr. Rodgers brings seven years of experience with Central Bank to his new role. A native of Frankfort, Adam is a graduate of Eastern Kentucky University where he earned his degree in Finance. He currently resides in Lexington with his wife, Ashley.
Wes Omohundro
Tanner Greenwell
Kentucky Bank is pleased to welcome Wes Omohundro, CPA, to both the Kentucky Bank Board of Directors and the Kentucky Bancshares, Inc. Board. Wes has been a member of Kentucky Bank’s Fayette County Regional Board since its inception. He also serves as a member of the Loan, Trust and Audit/Risk Management Committees He is also a graduate from Morehead State University, with a bachelor’s and master’s degree in Business.
Central Bank announced the promotion of Tanner Greenwell to Retail Banking Officer for Central Bank of Jefferson County. Mr. Greenwell began his career at Central Bank as a teller in 2012; he has since been promoted to cash vault teller, retail manager, and most recently, retail officer. Tanner is a graduate of UK where he earned his BBA in finance. Tanner is a member of the UK Alumni Association of Greater Louisville.
Want to announce a promotion? Email photos & announcement to jfischer@kybanks.com A promotion announcement in KENTUCKY BANKERS ON THE MOVE consists of the following: Banker name, bank name, branch, new position, previous position, college and hometown. 14 KENTUCKY BANKER | January 2016
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Cassie Basler
Sherry Moody
Community Trust and Investment Company announced that Cassandra Basler has been hired as a Trust Relationship Administrator with CTIC’s Wealth and Trust Management (WTM) division. Ms. Basler’s responsibilities include supporting Relationship Officers in the Private Wealth Services division and facilitating administrative duties on client accounts. Ms. Basler attended the College of DuPage in Glen Ellyn, Illinois.
Community Trust and Investment Company announced Sherry Moody has been hired as a Trust Relationship Administrator with CTIC’s Wealth and Trust Management (WTM) division. Ms. Moody’s responsibilities include supporting Relationship Officers in the Private Wealth Services division and facilitating administrative duties on client accounts. Ms. Moody attended Western Kentucky University in Bowling Green.
Cameron Adams
Sam Collins
Community Trust and Investment Company announced Cameron Adams has been hired as an Equity Analyst with CTIC’s Wealth and Trust Management (WTM) division. Mr. Adams’ responsibilities include the research and selection of equity securities and contributing to the development of equity strategies. Mr. Adams earned a B.B.A. degree in Finance and Economics from the University of Kentucky in Lexington, Kentucky.
Central Bank announced the promotion of Sam Collins to Assistant Vice President, Credit Risk. Mr. Collins brings nearly two years of experience as a Senior Credit Analyst at Central Bank to his new role. A native of Lexington, Sam attended Eastern Kentucky University where he received a Bachelor of Business Administration degree in Accounting; he is also a Certified Public Accountant. He currently resides in Lexington with his wife, Jessica.
Robbie Rather
Barry Hickey
Farmers National Bank announced that bank Executive Vice President Robbie Rather has been elected to the Board of Directors. Rather joined Farmers National Bank in 1999, and serves as a Chief Commercial Lender and Business Development Officer. He is a graduate of Allen County/Scottsville High School and earned his bachelor’s degree in Business Administration from Western Kentucky University in 1999.
Central Bank announced the promotion of Barry Hickey to Executive Vice President, Director of Wealth Management. Mr. Hickey has been with Central Bank since 2004 and has worked in Wealth Management for more than 36 years. A native of Mt. Sterling, Barry is a graduate of the University of Kentucky where he earned his BA in marketing; he is also a graduate of the Cannon Trust School. Barry currently resides in Lexington.
Ross Barnette
Greg Shewmaker
Central Bank announced the promotion of Ross Barnette to Executive Vice President. Mr. Barnette has more than 33 years of experience in the financial services industry; he has served as president of Central Insurance Services since 2002. A native of Lexington, Mr. Barnette is an active member of the Lexington community.
Central Bank announced the promotion of Greg Shewmaker to Executive Vice President, Director of Private Banking. Mr. Shewmaker brings more than 31 years of experience to his new role; he has spent the last eleven years at Central Bank. He is a graduate of Lexington Community College, the Kentucky School of Banking, the Cannon Trust School and the Graduate School of Banking at Louisiana State University.
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Forcht Bank Collects Over 5,500 Winter Clothing Items Forcht Bank’s Third Annual “Warm Hearts” Winter Clothing Drive was recently completed with a record number of donated items. Community members from Forcht Bank’s twelve markets generously donated 5,517 new winter clothing items—including coats, gloves, hats, and scarves—for children in need. Clothing items were collected from No-
vember 16th through December 31st, and were distributed to non-profits and school resource centers beginning on January 4th. In addition to the items collected from the bank’s 30 locations throughout Kentucky, Forcht Bank donated $10 for every checking account opened during the same time period. A total of 642 accounts were opened
during the clothing drive resulting in a bank donation of $6,420 to buy additional new hats, coats, glove and scarves. “We are extremely grateful for the generosity of our customers and their willingness to join us in helping children who may not have a warm coat or gloves this winter,” said Forcht Bank President Tucker Ballinger.
Forcht Bank | London Banking Center Forcht Bank | Waitsboro Banking Center
Forcht Bank | Fairdale Banking Center 16 KENTUCKY BANKER | January 2016
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Melissa Lee Knight to Serve as Farmers National Bank’s First Female President LEBANON, Ky — Farmers National Bank, President and CEO George Spragens announced changes at the top level of the bank’s management. Spragens will relinquish the title of President and will assume the title of Chairman of the Board while retaining the title of CEO. Succeeding Spragens as the bank’s tenth President is Melissa Lee Knight who will serve as the bank’s first female President. Knight joined the bank in 2003 as Director of Marketing and currently holds the title of Vice President. She has extensive experience in the bank’s operations, product development, and customer service as well as human resources. Knight graduated from Western Kentucky University with a Bachelor of Arts in Corporate and Organizational Communication and worked for IBM in California before returning to Marion County. She obtained a Master of Business Administration from Campbellsville University and a certification in entrepreneurship/business coaching from the University of Kentucky Entrepreneurial Coaches Institute. Knight has expanded her knowledge and skills in the banking industry by graduating from the Kentucky Bankers Association General Banking School and the Graduate School of Banking at LSU. Knight is an active member of the community, serving in recent years on the board of directors for the Marion County Chamber of Commerce, Lebanon Main Street Board, Centre Square Foundation Board, Marion County Judicial Development Board, MC Country Ham Days Committee, Lebanon Kiwanis Club, and assisted in the planning the City’s year-long Bicentennial activities. Knight is a member of Working the Puzzle for Autism and assisted in the opening of Lebanon’s new Autism Center. She is a 2005 graduate of Leadership Lebanon/Marion County. In 2015 she was accepted into the prestigious Leadership Kentucky program.
Melissa Lee Knight President Farmers National Bank
First Security Hires Sarah Howard as New Chief Financial Officer OWENSBORO, Ky — First Security Inc., the bank holding company for First Security Bank, Inc., announced the hiring of Sarah Howard as Senior Vice President, Chief Financial Officer of First Security, Inc. and First Security Bank, Inc. She will replace Michael F. Beckwith who will become the President and CEO of First Security on January 1, 2016. “I am very excited to have Sarah join our Company. Her community bank and public company experience will truly be an asset in helping lead the financial part of First Security,” said Michael F. Beckwith, Executive Vice President and Chief Financial Officer of First Security. As First Security’s Chief Financial Officer, Sarah will be responsible for its financial reporting, financial planning, investments and capital management, among other duties. A certified public accountant, Sarah’s experience includes posiCelebrating 125 Years
tions at PBI Bank, a $1 billion bank, and Crowe Horwath, a public accounting firm specializing in serving the financial services industry. Early in Sarah’s career, she worked at a public relations consulting firm located in Washington, DC. Most recently, Sarah was the Financial Reporting Manager at PBI Bank located in Louisville, Kentucky. She obtained her undergraduate degree from Centre College and postgraduate degree from Bellarmine University. “Our senior management team met with numerous candidates over the past few months. Sarah is someone that has great experiences along with sound technical knowledge. What really set her apart is her character, passion and enthusiasm that will compliment our team now and for many years to come,” said Mr. Beckwith.
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First National Bank of Grayson Gives United Way Over $10,000 GRAYSON, Ky — The First National Bank of Grayson recently presented the United Way of Northeast Kentucky a check for more than $10,246. The money was raised by the employees of First
National Bank of Grayson during the 2015-16 United Way campaign. Employees elected to give to the organization through payroll deductions and out-ofpocket donations. “Our employees do-
nate because they know they aren’t just helping one organization, but helping many organizations and many families,” Michelle Wilhoit, VP of business development, told The Daily Independent.
First National Bank | Gives United Way of Northeast Kentucky a big check
CFSB’s Ugly Sweaters Give Back BENTON, Ky — CFSB hosted an Ugly Sweater Contest for all its team members. On Wednesday, December 23, all locations were encouraged to wear their tackiest Christmas sweater. To be entered into the contest, team members paid an entry fee, which was donated to a soup kitchen in each county. The winner (pictured below) of the contest was Jason Jones with his ugly snowman suit sweater.
CFSB | Ugly Sweater Contest 18 KENTUCKY BANKER | January 2016
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Winner? | Jason Jones KBA 1891-2016 Celebrating 125 Years
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2016 KBA GOVERNMENTAL AFFAIRS & KBPAC EVENTS
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KBA ANNUAL WASHINGTON DC TRIP SAVE THE DATE! MAY 22-25, 2016 Contact Yvonne Savage for info: ysavage@kybanks.com You will be staying at the Hotel Monaco, a luxury boutique hotel that calls Penn Quarter and Chinatown home. This historic high-end hotel is located across from the Smithsonian’s National Portrait Gallery and just steps from the Verizon Center, the International Spy Museum and the National Mall.
“Being able to sit down with your Congressman is the most effective way to get their attention. Having a group of individuals with one common goal speaks volumes. It says the issues are important and you are aware and ready to speak out about issues that affect the financial industry,” said Yvonne Savage, KBA Governmental Relations and PAC Coordinator. “A strong relationship is essential and can influence policy decisions. This trip will facilitate that. It is an integral part of the relationship building that is necessary when dealing with our political leaders in Washington DC.”
AUGUST 1, 2016
KBPAC GOLF OUTING
JUNE 3, 2016
KBPAC CLAY SHOOT
“I had a great experience on our visit (to Washington DC). The hotel and accommodations were top notch, and what a great location! The daily itinerary was planned well and you all did a great job adjusting to the Congressmen and Senators’ schedules. I feel privileged to have been a part of the whole experience.” Jamie McCune, Home Federal Bank, Middlesboro, KY
Annual Chairman’s Cup Clay Shoot Elk Creek Hunt Club, Owenton, Ky
Prepare for a full day of sport, camaraderie and relaxation. For sharpshooters and amateurs alike, the Chairman’s Cup promises to be an exciting event. Everything you need for the tournament will be provided including shotguns, ammo and a safety briefing. Or, you can bring your own.
Annual Golf Outing
Big Spring Country Club, Louisville, Ky Established in 1926, historic Big Spring Country Club offers terrific views and challenging championship-level golf holes for players of every skill level. Well-groomed fairways and smooth greens keep Big Spring Country Club difficult, yet friendly.
Contact Yvonne Savage for more information: ysavage@kybanks.com
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Forcht Bank Named One of the 2016 Best Places to Work in KY FRANKFORT, Ky — Forcht Bank has been named one of the 2016 Best Places to Work in Kentucky in the medium-sized employer category (those employing 150-499 employees) by the Kentucky Chamber of Commerce and the Kentucky Society for Human Resource Management (KYSHRM).
companies of 150-499 employees and large companies consisting of more than 500 employees (categories based on number of U.S. employees, only Kentucky employees surveyed).
The selection process, managed by Best A total of 34 companies from around the state Companies Group, is based on an assesshave been selected as winners in this category. The ment of the company’s employee policies winner rankings will be announced at an awards and procedures and the results of an internal dinner Wednesday, April 20, 2016, at Heritage Hall in the employee survey. Lexington Convention Center. This is the second year in a row that Forcht Bank has been named a Best Place to Work Forcht Bank is a Kentucky-owned community bank with in Kentucky. approximately $1 billion in assets and 30 banking centers in 12 counties - Fayette, Jefferson, Boone, Grant, MadiWinners from across the state have been selected in three son, Taylor, Pulaski, Laurel, Whitley, Knox, McCreary and categories: small companies of 15-149 employees, medium Green.
Town & Country Bank and Trust Co. Named One of the 2016 Best Places to Work in Kentucky
FRANKFORT, Ky — On behalf of the Board of Directors, Executive Team and employees of Town & Country Bank and Trust Co., Lindsey Ball, Product Marketing Manager at Town & Country Bank and Trust Co. announced that Town & Country Bank and Trust Co. has been named one of the Best Places to Work in Kentucky for 2016 in the small company category.
new records this year by celebrating 100 winners for the first time in its history.
Winners from across the state have been selected in three categories: small companies of 15-149 employees, medium companies of 150-499 employees and large companies consisting of more than 500 employees (categories based on number of U.S. employees, only Kentucky employees surveyed). The selection process, managed by Best Companies The Kentucky Chamber of Commerce and the Kentucky Group, is based on an assessment of the company’s employSociety for Human Resource Management (KYSHRM) ee policies and procedures and the results of an internal announce the companies that made the 12th Annual Best employee survey. The competition is a multi-year initiative Places to Work in Kentucky list, presented by Kentucky Ca- designed to motivate companies in the Commonwealth to reer Center and the State Information Data Exchange Sys- focus, measure and move their workplace environments tem (UI SIDES). The winner rankings will be announced toward excellence. Numerous studies show a strong corat an awards dinner Wednesday, April 20, 2016, at Heritage relation between profitability and creating a good place to Hall in the Lexington Convention Center. The program set work. A postive work environment leads to profits. Serving the Commonwealth
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Apollo Photographic Services
Simplifies Inspections from Above
Consider this: Your banking institution has agreed to loan a sizable amount of money toward the construction of a new commercial development project, or large residential estate. It would be helpful if you could document the project moving forward each time a draw check was requested ensuring the money is being applied appropriately. Personally inspecting the construction site may not be possible or cost effective due to busy schedules and distances involved. The solution is Apollo Photographic Services. Located in the heart of the Bluegrass state, Apollo Photographic Services was created by combining the talents of Michael Kopera, commercial pilot, and Shandon Cundiff, a professional photographer specializing in aerial imagery. Michael started flying rotor craft at the age of fourteen in Germany and has been a commercial pilot for many years. His diversity as a skilled pilot propelled him to excellence and ownership of many companies in this field. Some of which included an aerial tour company, an executive flight division for some of the world’s largest coal companies and currently a flight training company, apollo-helicopters.com.
interior and exteriors, editorial high-fashion, corporate advertising equine and of course, aerial. His clients have included Tommy Hilfiger, Guess, W Hotels, RCI Resorts, Marriott, Hines International, Wells Fargo and the worlds top thoroughbred racing farms such as, Ashford, Coolmore, Gainesway and Winstar. In combining their talents to create Apollo Photographic Services, Kopera and Cundiff are able to work with their clients and craft solutions to their specific needs. Through use of airplanes, helicopters or new drone technology, the amazing images captured may be used for tracking construction progress, inventory identification, project phase layout, architectural review or final marketing and promotional needs. These services are available at competitive prices and through detailed communications with their clients ensures the images received are of the highest quality and utilization in the industry.
Let Michael Kopera or Shandon Cundiff show you and your bank how Apollo Photographic Services can craft solutions for your business needs. They may be reached at 859-619-1413 or via e-mail at apollophotographicservices@gmail.com. Twenty minutes is all it takes to Cundiff began his career as a professional photogra- demonstrate their quality and how aerial photography pher twenty-one years ago. His portfolio contains an can change the way you do business. Call or write for a array of specialties including, architectural commercial portfolio review and to schedule an appointment. Serving the Commonwealth
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January 2016 | KENTUCKY BANKER 23
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Brought to you by KBA Insurance Solutions “Each month we bring to you the issues that impact your bank. And as always, if you have any questions or concerns give me a call or send me an email. We’re here to help.” Chuck Maggard | President & CEO KBA Insurance Solutions | phone 502-736-2671 | email cmaggard@kybanks.com
Corporate Account Takeover Today’s Evolving Cyber Crime
by Craig M. Collins, President of Financial Services OneBeacon Professional Insurance
Depending on the circumstances, liability for these types of thefts can be heavily litigated.
In our digital society, banking is more accessible than it’s ever been. Bank customers can automate monthly bill pay, deposit checks with cell phone cameras, transfer funds through text messages, and tweet about the entire process directly from a bank app. Banks can serve millions of customers without a single branch office. Banking has become so easy, customers don’t even have to think about it. Unfortunately, criminals are thinking about it. With more money increasingly changing hands through the internet, theft through these digital channels is on the rise.
The Internet Crime Complaint Center (IC3) published a Fraud Advisory on Corporate Account Takeover2. The IC3’s Advisory suggests banks take a three-part approach to trying to prevent this type of fraud: Protect, Detect and Respond.
One of the more frequent scams today is known as Corporate Account Takeover. According to the Texas Bankers Electronic Crimes Task Force, Corporate Account Takeover happens when thieves manage to gain access to a business’ banking information through “legitimate” channels by stealing user credentials and passwords. The thieves then initiate transfers to other accounts, often held by money mules, who then withdraw the funds or transfer them on to other criminals. Small to medium size businesses are particularly at risk because they carry much larger account balances than individuals and generally have lower-level security in place than large corporations. Compromising the users’ banking credentials is far easier than trying to hack directly into a bank’s secure system. Some of the more popular methods the FBI has seen employed by thieves include: • • •
Sending infected emails containing a Trojan horse virus called Zeus that records keystrokes for passwords and account information Planting pop-up advertisements on legitimate websites that install viruses once the user clicks Redirecting a user away from a banking website and asking them to verify key account information which criminals can then use to take over the account
Corporate Account Takeover can happen in all types of business accounts, including churches, hospitals and government entities. Banking customers often assume their bank will reimburse them for any funds missing from their account, but, for instance, if the account was accessed using the customer’s verified legitimate credentials, is the bank responsible for these missing funds?
Protect IC3 encourages banks to “implement processes and controls to protect the financial institution and corporate customers.” These controls can include elements such as verifying bank protocols for transfers, educating bank employees on the threat of fraudulent transfers and encouraging them to follow bank procedures to the letter. For example, if a customer call-back is a part of the confirmation process for a transfer, it may be advisable to call the customer as opposed to answering a call from the supposed customer. Many criminals will immediately call the bank to verify the transfer in order to prevent the bank from making the call to the true account owner. Additionally, bank employees should not conduct bank business from their personal computer at home, or send bank information through personal email accounts. Banks may also want to consider providing tips to the customers themselves, or establish requirements for certain customers. For instance, it’s not unusual for a bank to require corporate customers to carry their own crime insurance to have protection in place in the event of certain types of losses. Banks might also consider requiring a certificate of insurance from business customers that demonstrates the proper insurance is in place, much like what is already required for closing on a loan. Email accounts for small businesses are notoriously easy to break into, giving criminals access to all the details and procedures normally used with email transfers. As a result, banks may consider recommending to customers that they designate an individual computer that is used only for account transfers. The use of a dedicated machine may help prevent unauthorized users from engaging in transfers, and also potentially help the business provide a secure environment for these transfers by avoiding the malware that can be acquired through email and web browsing. It may seem like an unnecessary expense to designate a computer for this one purpose, but the cost of one machine is far more continued on next page
24 KENTUCKY BANKER | January 2016
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continued from previous page
affordable than the potential cost of a breach or theft. Cash Management Systems are also susceptible, and with an administrator’s credentials, thieves can gain access to individual accounts and Personally Identifiable Information (PII) across the entire system. For example, one method being employed by cyber criminals is to use the system to add unauthorized ACH payroll accounts. Unauthorized payroll payments can sometimes go unnoticed, so banks might consider recommending to business customers potential caps to the amounts distributed through the payroll. Banks might also consider encouraging business customers to evaluate their overall security procedures and protection options.
Detect There are tools available to banks today to potentially detect thefts in progress. Many of these systems use scoring techniques to attempt to grade the likelihood of a transaction as legitimate or as a potential fraudulent transfer. Banks shouldn’t underestimate the ability of employees to potentially identify in-progress theft as well. For example, if an employee notices that a small company that deals locally is suddenly sending a large transfer to an overseas location, and then seeks
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to verify the legitimacy of the transaction, he or she might be preventing a possible theft.
Respond Fraudulent transfers should be responded to in a matter of minutes, not hours, warns IC3. The sooner banks respond, the greater the chance of recovering a customer’s money. The IC3 website offers suggestions for reacting to a fraudulent transfer, which include verifying that the transaction is in fact fraudulent, attempting to reverse the transaction and reporting the theft to the proper authorities. While some attempted fraudulent transfers can be stopped or reversed, losses due to Corporate Account Takeover are in the hundreds of millions of dollars each year. Banks can’t prevent all fraud attempts, but diligence is invaluable. As with many forms of fraud, the criminals will evolve with the prevention techniques. Work to keep your employees educated and alert. Craig M. Collins is the president of Financial Services for OneBeacon Professional Insurance. He has more than 20 years of experience in the financial institution industry. He can be reached at ccollins@onebeaconpro.com
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Expert guidance, beyond the bottom line.
Education @ Your Fingertips
Scan the QR code to visit our Education Resources page
Keep your skills sharp with Education Solutions from the KBA Please visit kybanks.com and browse through our educational resources
KBA EDUCATIONS SOLUTIONS “Our schools, seminars and webinars continue to provide our bankers with the information they need to succeed in this ever-changing financial industry. Join us to learn, enrich and enhance your career. If you have have any questions about anything please give me a call or email. We’re here to help!” Paula Cravens Sturgeon | Director of Education Solutions | phone 502-736-1275 | email pcravens@kybanks.com
2016 KBA EDUCATION CALENDAR
2016 COMPLIANCE SEMINARS
Human Resource & Bank Marketing Workshop March 10-11 | Louisville Writing Compliant Real Estate Evaluations Seminar March 16 | Lexington March 17 | Bowling Green
Live Seminars
Cash Flow Analysis Seminar April 6 | Bowling Green April 7 | Lexington
March 29 | Fair Lending Workshop / Lexington March 30 | Mastering HMDA / Lexington March 31 | CRA Compliance / Lexington May 10 | Real Estate Lending Compliance / Louisville May 16 | Loan Products Workshop / Lexington May 17 | Real Estate Lending Compliance / Lexington May 31 | Fair Lending Workshop / Bowling Green June 1 | Mastering HMDA / Bowling Green June 2 | CRA Compliance / Bowling Green October 21 | ACH Processing Compliance / Lexington December 16 | ACH Processing Compliance / Bowling Green
Security Seminar April 14 | Louisville Loan Review Seminar May 10 | Lexington May 11 | Bowling Green Call Report Seminar May 25 | Bowling Green May 26 | Lexington
GENERAL BANKING SCHOOL
WORKSHOPS/SCHOOLS
June 12-17 | Louisville
Kentucky Deposit Account Administration
Bankruptcy Part II Seminar June 21 | Louisville
March 21 | Paducah March 22 | Bowling Green March 23 | Elizabethtown March 24 | Lexington
Regulators Forum June 23 | Bowling Green June 24 | Lexington
BSA/AML Compliance School
Certified Teller Seminars July-August | Various Locations
May 25-26 | Lexington
Business Law Basics & Lender Liability Seminar August 10 | Bowling Green August 11 | Lexington
Deposit Compliance Fundamentals August 2 | Somerset August 3 | Bowling Green August 4 | Gilbertsville August 9 | Elizabethtown August 11 | Lexington
Women’s Workshop August 18-19 | Louisville
COMMERCIAL LENDING SCHOOL
August 22-26 | Louisville
New Accounts in Kentucky
ALM Seminar The Baker Group August 24 | Louisville Loan Documentation Seminar November 1-2 | Bowling Green November 3-4 | Lexington
VISIT www.kybanks.com FOR MORE INFORMATION Serving the Commonwealth
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August 15 | Paducah August 16 | Bowling Green August 17 | Elizabethtown August 18 | Lexington August 22 | Morehead August 23 | Hazard August 24 | Somerset January 2016 | KENTUCKY BANKER 27