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The Missouri Banker Volume 70, Number 6 • THE NEWSPAPER OF THE MISSOURI BANKERS ASSOCIATION • Thursday, June 19, 2014

MBA’s Executive Committee for 2014-15 includes, from left, Max Cook, president and CEO; Harold Miles, Bank of Advance, serving as treasurer; Dan Robb, Jonesburg State Bank, serving as chairman; Mark Goodin, Community State Bank of Missouri, Bowling Green, serving as chairman-elect; and David Turner, Hawthorn Bank, Jefferson City, serving as immediate past chairman.

Robb, Goodin elected to MBA top offices Dan Robb, president and CEO of Jonesburg State Bank, Jonesburg, was elected and installed as chairman of the Missouri Bankers Association (MBA) at the organization’s 2014 Annual Convention held June 4 to 6 in Branson. Mark Goodin, executive vice president and Co-CEO, Community State Bank of Missouri, Bowling Green, was elected and installed as chairman-elect of the MBA. “I look forward to serving our association this year as chairman. As a community banker I see firsthand how

today’s world of banking is changing and I intend to lead our association in a positive direction that will provide the best benefit to all of our banks’ greatest assets … our customers!” said Robb. Harold M. Miles, president and CEO of Bank of Advance, Advance, was installed as treasurer. He was appointed to the post by Robb. Also serving on the MBA Board for 2014-2015 are: Charles R. Bigler, president, Investors National Bank, N.A., Chillicothe, and James L. Anderson, president

and CEO, Bank Northwest, Hamilton, regional directors for the Pony Express Region in Northwest Missouri. Kim L. Reigelsberger, executive vice president and chief financial officer, Preferred Bank, Rothville, and Jerry L. Trower, president, Homebank, Hannibal, regional directors for the Mark Twain Region in Northeast Missouri. Robert Barmann, Jr., president and CEO, Wells Bank of Platte City, and David C. Chinnery, president and CEO, Adams Dairy Bank, Blue Springs, regional directors for the Truman Region in western Missouri. Mike Wasson, president and CEO, Midwest Independent Bank, Jefferson City, and Kara Huitt, president and CEO, Progressive Ozark Bank, Salem, regional directors for the Capital Region in

Central Missouri. James V. Regna, president and CEO, Triad Bank, Frontenac, and James A. Watson, Midwest BankCentre, Lemay, regional directors for the Gateway Region in eastern Missouri. William R. Lewis, chairman and CEO, Heritage Bank of the Ozarks, Lebanon, and Eric McClure, president and CEO, Mid-Missouri Bank, Springfield, regional directors for the Ozark Region in Southwest Missouri. Joseph T. McLane, president and CEO, First Midwest Bank of Poplar Bluff, and Douglas M. Watson, president and CEO, MRV Banks, Ste. Genevieve, regional directors for the River Heritage Region in Southeast Missouri. At-large directors are Larry Bates, regional chairman, Simmons First National

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Bank, St. Louis; Greg M. Quarles, president, H&R Block Bank, Kansas City; and Matthew T. Sebastian, president and director, First State Community Bank, Farmington. Also serving on the MBA Board will be David Turner, chairman and CEO, Hawthorn Bank, Jefferson City, as immediate past chairman; Luanne C. Cundiff, executive vice president, First State Bank of St. Charles, as Legislative Affairs Committee chairman; W. James Barnett, Jr., chairman, Peoples Bank, Cuba, as Regulatory Affairs Committee chairman; Dawn E. Dauer, president, The Bank of Missouri, Cape Girardeau, as the Young Bankers Division advisory member; and Max Cook, president and CEO, Missouri Bankers Association, Jefferson City.


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The Missouri Banker June 19, 2014

Chairman’s Corner

Seven keys to help to adapt to change Dan Robb Chairman Missouri Bankers Association I feel so honored as I prepare to embark on my year as chairman of our great association. As I begin my 30th year in banking I reflect back upon all of the changes that I have seen through those years; changes The Missouri Banker

573-636-8151 Max Cook Publisher cmcook@mobankers.com Sue Norfleet Editor snorfleet@mobankers.com The Missouri Banker (USPS Number 000044, ISSN Number 0893-5637) is published 12 times a year (once a month) by the Missouri Bankers Association, 207 E. Capitol Ave., Jefferson City, MO 65101. Second-class postage is paid at Jefferson City, Mo. Copyright© 1998 by the Missouri Bankers Association. All rights reserved. POSTMASTER: Send address changes to The Missouri Banker, P.O. Box 57, Jefferson City, MO 65102. Opinions expressed in any signed article in The Missouri Banker are those of the author and should not be construed as the viewpoint of the editors or of the Missouri Bankers Association. Neither should information provided in The Missouri Banker be construed as legal advice. The Missouri Banker does not provide legal advice, nor does it take the place of legal counsel hired by financial institutions. While this publication makes a reasonable effort to establish the integrity of advertisers, it does not endorse advertised products or services, unless otherwise so stated. This issue may contain legislative advertising. Advertising copy is generally segregated from news and other information.

Address changes Changes in addresses for The Missouri Banker can be mailed to the MBA at P.O. Box 57, Jefferson City, MO 65102, Attn: Database Manager or e-mailed to database@mobankers.com

in technology, product mix, regulation, personnel needs, pricing strategies and the list goes on and on. Change is inevitable and whether we adapt to that change is up to us. I believe there are at least seven key A’s that we must do to successfully change; to survive and even thrive.

Attitude Our attitude is so important! In fact, it is critical! There is disagreement over who said, “attitude is a little thing that makes a big difference.” Sir Winston Churchill? Perhaps Theodore Roosevelt? I personally learned it from Zig Ziglar in his great book “See You at the Top.” Ziglar also said, “Your attitude, not your aptitude, will determine your altitude.” There has been a lot of “attitude” towards all of the regulatory burden that we are under. I don’t dispute that. What I challenge each and every one of you to do, is get the right attitude!

Acceptance While none of us like and agree with all of the new and unnecessary regulation that has been placed upon us, we must accept the fact that we may not get much relief any time soon. By no means am I saying give up the fight! What I am saying is we must be patient, thoughtful and strategic in our quest to gain relief. Let me come back to that point in a minute. We have no choice. We must make lemonade out of the very sour lemons that have been handed to us… maybe the sourest ever! We

have borrowers that need loans and we have depositors that need a place to put their money. It is our job to figure out how to do that the best way possible. If we serve our customers well, with their best interest at heart, we will ultimately win the battle and produce a fair return for our shareholders.

Adjust Dodd-Frank and the resulting regulation has certainly been a thorn in our side and continues to make us change the way we do business. We must adjust our products to conform to the imposed regulations and provide the best alternatives to serve our customer’s needs. Let me digress briefly to take you back 100 years, to 1914, when MBA chairman J.B. Jennings from Moberly said in his speech, “Therefore, whenever bankers are gathered together, as they are today in this convention, it is a meeting of great importance. At this gathering of the Missouri Bankers Association are the men that make the banks, for no bank is stronger than the men connected with it.” He continued, “This meeting shows how great the state of Missouri is. Our purpose is to help each other, and we are encouraged in this purpose by the knowledge that, by the exchange of what one knows for what the other knows, each goes back to his bank better fitted for the day’s work, broadened in his ideas, prepared for emergencies

and with the consciousness that while work has been done, at the same time acquaintances have been made or renewed with those in the same line of endeavor and a lasting fellowship firmly established.” Ladies, pardon all the masculine references in his remarks. I share this look back into history to relate how cooperation among bankers is as equally important today as it was 100 years ago. I feel peer group discussions should become more common for all of our leadership positions within the banks to “exchange what we know” for the good of community banking’s future. I have been discussing this idea with the MBA staff and we hope to begin these peer group discussions in the coming months.

Anticipate

We can only assume that more rules and regulations will come out of DoddFrank that must be studied, and if necessary challenged, through communication and comments to the regulators. The regulators need to fully understand how these rules affect our customers and the communities we serve. Ladies and gentlemen, that is a key distinction! It’s not about us. It’s not about how these rules and regulations impact us!! The consumers and communities are number one!! We must be diligent and not sit on the sideline. We must be in the game, and our voices collectively … all of us … can make a difference!

Advocate I can’t tell you how much of a joy I get from working in a community bank and from being a part of the larger world of community banking. The feeling you get when you help that young couple buy their first home; the joy you share with the entrepreneur that has just opened their small business or expanded an existing one; and the thrill you see in a youthful face when the coins are counted in the coin machine and their first savings account is opened. We must advocate for banking the way we do banking in Missouri… diligently, smartly and with purpose. I want to come back to “not giving up the fight.” We all must fight for that young couple, we all must fight for that small business owner, and we all must fight for that young child. That should be our priority and then we must tell our story. We all must help elect those that will help us fight our fight. PAC contributions are so important in the election process. If you and your bank are not PAC contributors to both the state and federal PACs, you need to take a serious look at why you are in business and what your priorities are. This is a critical part of the process! Not contributing simply isn’t an option!! You’re not just hurting yourself; you are hurting all of us!!!

Amplify Once we have our elected See SEVEN KEYS, Page 3


The Missouri Banker June 19, 2014

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SEVEN KEYS From Page 2 officials in office, it’s time to “amplify” our message. ABA’s “Amplify” program was launched last year and is a tremendous tool to help us get our story out to congress. Importantly though, amplify can help us get our message out to the press, our customers, our shareholders and the general public. I have had the pleasure of serving on ABA’s Grassroots and Advocacy Committee that Max Cook co-chairs and I have witnessed the behindthe-scenes building of this very powerful and effective tool!! I can assure you that a lot of time and talent went into this project. If you have not yet used “amplify,” I urge you to take a closer look by going to www.amplifybankers.

com. It’s free, it’s simple, it’s available to everyone and it’s very effective.

Action Talking about, thinking about and fix’n to do something never ever gets a thing done!!! We have to act!! I urge you to grasp hold of what I have said and do something … take action. We can’t afford to sit on our laurels and let someone else do the job. We can’t even be certain that someone else will do the job. We have to take responsibility for the world we live, work and play in. It begins with each one of us individually!!

Association

I said it begins with each one of us individually, but it

also means to associate. Most of you understand what the term “association” means. According to Webster, association is “the state of being associated: combination, relationship, and persons having a common interest; the process of forming mental connections or bonds between ideas.” We have a great association in the MBA. We will be 125 years old next year! That is a lot of years of common interest, bonds and connections! Let’s not let down those who came before us. Let’s not let ourselves down. We must continue to carry the mantle, fight the fight and affect positive change by working together through Paid Advertisement

the MBA and ABA. Get involved! Contribute your time, talent and treasure, as you should know “many hands make light work.” If you need to know how, contact me, contact Max and the MBA staff. We will help you find the best fit for you!

Appreciate As I close I want to express my appreciation for all the wonderful help and inspiration that I receive from so many. My wife, Dianna, gives me the personal support that I need every day. She is my rock. My family gives me the desire and motivation to do the best job that I can possibly do every day. My wonderful team at

the bank does a tremendous job to make our bank a great asset to the communities it serves and to its shareholders. To the Orr family, I can’t thank you enough for supporting me in my work with the MBA and the ABA. And to the staff of the MBA, let me say thank you for helping our association to be one of, if not the best in America. When is the last time you gave thanks to those that are important to you? Take the time to thank those that you care about, those that need to hear it from you. I thank all of you for placing your trust in me to lead our great association this year. Thank you and god bless.


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The Missouri Banker June 19, 2014

Sometimes, the applicant’s credit just stinks By Chuck Lewis Vice President MBA Compliance services I read an article recently where a school in Michigan sent a note home with its students urging the parents to minimize the “comChuck Lewis petitive urge to win” at its upcoming field day so as to not discourage or upset some of the students who might not excel at a particular field day event. Why this story lead me to think about the Consumer Financial Protection Bureau’s recent Fair Lending Report could give some of you insight as to what goes on in my mind, but the article did remind me of a basic principle of life – we’re not all the same. If we were, credit reports would be pretty boring. Now I’ll be the first to stand up and argue for the protections provided within the Equal Credit Opportunity Act and the Fair Housing Act; but I also believe that some “watchers” of banks forget the fact that not all applicants fall within the same creditworthiness box. Legiti-

mately ignoring any personal characteristics such as race, sex or marital status, some applicants are just better, “creditworthy-wise,” than others. But based on the results of the previously mentioned CFPB report and on comments presented in the Spring 2014 CFPB Supervisory Highlights, banks must implement and document those cases where one applicant may be different than another to avoid fair lending allegations or appearances. The first sentence in the Supervisory Highlight pertaining to fair lending states: “CFPB examination teams have observed instances in which financial institutions lack adequate policies and procedures for managing the fair lending risk that may arise when a lender makes exceptions to its established credit standards.” Examples of these types of exceptions were provided – matching terms from competing institution, business necessity, and history of banking relationship with institution. All of these examples are and have been faced by most Missouri lenders. This becomes a problem when making an exception leads to the perception of disparate treatment or disparate impact.

As a reminder, disparate impact is the theory that even if all applicants are treated the same or that a particular credit component is given the same positive or negative consideration toward all applications, some type of discrimination occurs. Even if unintentional, practices or actions that lead to the appearance of disparate impact or treatment will be considered by the agencies, and definitely by CFPB, as fair lending situations. Examples of previously cited actions that have led to disparate impact allegations include establishing minimum loan sizes, minimum appraisal amounts or lack of a credit file. Again, if any of these actions or policies lead or appear to lead to a disparate impact of discrimination against a particular protected class – fair lending allegations could be brought. So to avoid these types of events, but to still be able to make credit decisions based on legitimate justifications, lenders must document exceptions to their lending policies or practices. The Supervisory Highlight states: “Such documentation should be sufficient to explain and

provide details regarding the basis for granting any underwriting or any other exception. . . Records should provide details and/or documentation of the particular circumstances of the exception.” Understand neither this article nor the CFPB’s publications are stating that banks can’t make exceptions to their lending policies. What is being said is that lenders should monitor, assess and document any policy exceptions to confirm that any appearance of discrimination is removed or clarified; before it becomes a much bigger issue during an exam. This article is for informational purposes and does not contain or convey legal advice. The information should not be used or relied upon in regard to any particular situation without consultation with your bank attorney. MBA Compliance Services and its Compliance Force offer a variety of programs to aid banks with compliance needs. Services available include on-site education, in-bank training and compliance reviews. For more information, call Carol Barnett at the MBA, 573-636-8151 or email her at cbarnett@mobankers.com.

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The Missouri Banker June 19, 2014

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Lobbyist’s Update

Lessons well learned from Sam and Bob Craig Overfelt MBA Senior Vice President coverfelt@mobankers.com Two things happened in June this year that had me thinking about the association and lobbying profession. This past weekend, families around the country celebrated Father’s Day on June 15. I am one who is fortunate enough to be able to celebrate with my father. His name is Sam. He started a lobbying career in Jefferson City in 1962 and not long after that entered the trade association world. In early June, one of my mentors who gave me the break I needed to get into the association and lobbying profession, passed away. His name was Bob Carroll. He ran the Missouri Savings & Loan League for 22 years, primarily

focused on lobbying, and was a lobbyist for the Missouri State Medical Association prior to that. I learned so much from these fine gentlemen on how to lobby and how to take care of the members of your association. I recall that both Sam and Bob were asked a lot why they had decided to be in the lobbying profession for so long. The answers they gave always stuck with me. Both had a great sense of humor, too. My father would say “it beats working for a living.” My mentor would say “I’ve been ruined for any other line of work.”

One thing I learned from Sam and Bob was to always be straight forward with legislators and their staffs. They stressed how important it was to keep their word and trust. Another thing I learned from them was not to get upset with a legislator who disagreed with you or voted against you. They might help you with an important issue the next time you meet with them. Some days I wonder if the training and experience I gained still happens with some of the people I see coming into the lobbying profession. I am one of the fortunate Paid Advertisement

annual veto session. Last year lawmakers voted to override HHHHH more vetoes than in any year This is an election year. since the 1830s. MBA is receiving a lot Already this year, Governor of requests for campaign Jay Nixon has vetoed 10 contributions. The PAC bills related to taxation. Now Committees met this week lawmakers who passed these and made decisions on bills and the governor are candidates to support prior to waging heated campaigns in the August primary. the public. There is no doubt it is The governor has until July more expensive than ever 14 to make final decisions before to campaign for public on bills passed during the office. Banker support of legislative session. MBA PACs is critical and Two MBA priority bills – much appreciated. condominium assessments and UCC Article 9 revisions – HHHHH were signed as of this writing. The mid-September veto It has yet to be seen if MBA session sure appears like it will have any issues for the will be a repeat of the 2013 veto session. ones and I sure know it.


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The Missouri Banker June 19, 2014

Titling Tips By Linda Petersen Manager MBA Title Service There is a process for debtors to redeem a vehicle after repossession title is issued.

A debtor may ask the lienholder to reclaim the unit after the repossession title has issued. To retitle the reclaimed unit, the debtor must submit the following: 1. An application for an

original title in the owner’s name. The new title must issue to an owner listed on the previous title. 2. A notarized statement from the lienholder stating

the debtor has made good on the original loan and has redeemed the unit. 3. The title properly assigned to the debtor by the lienholder. 4. The purchase date is the

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new assignment date. Title penalties will apply if not titled within 30 days of this date. 5. The standard titling and processing fees apply. Taxes are not due as long as the debtor was the last titled owner prior to the issuance of the repossession title. In a redemption by either all owners or partial owners that were listed on the title predicating the repossession, any of these individuals taking assignment solely or again jointly, would not be subject to sales tax as it is treated as a redemption.  When no owner listed on the title predicating the repossession title takes assignment on the repossession title, taxes are owed. The owner/ lender sends in the Notice of Sale only when the vehicle is sold to a completely new owner. If the debtor’s license plates have not expired or been transferred to another vehicle, they may again be used on this vehicle. Stopping a repossession application If a debtor wishes to stop a repossession application they must contact the lender within the 10-day period spelled out in the letter they have received and make arrangements with that lender. If the lender has already applied for the repossession title and the debtor makes good on their loan, the lender can, either let the repossession title issue and follow the steps above. Or, the lender can submit a written request to the DOR asking to stop the repossession application. This request should spell out a specific person and address to which the paperwork should be returned.


The Missouri Banker June 19, 2014

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Regulators ramping up oversight of cyber threats By: Jason Bauer Missouri Bankers Insurance Services The complexity of the lending business, the impending and seemingly endless list of liabilities that lie in wait like a crafty thief, swelling regulatory burdens and the constant evolution of technology — these are just a few of the issues community bankers are being asked to manage every day. We suspect these realities explain, at least in part, a common reluctance in the communitybanking universe to understand the value in insuring against cyber risk. The world changes, quickly. The reality is that community banks now face more risk from cyber threats than they do from flooding, or tornados, or all of the acts of nature that bring physical destruction to your assets. Insuring against cyber threats is another cost for your business to bear. That also explains some of the reluctance to understand a cyberpolicy’s value-proposition. But would you ever not carry a policy on your bank’s property? Or protect against workers’ comp claims? Would it ever be reasonable for directors and officers to dismiss the value of insuring against business judgment claims? Of course not. These are incumbent threats to your business. They’re known, they’re understood, and

they’ve likely been experienced by anyone reading this article. That’s not necessarily the case with cyber risk. We’ve all read the headlines. The murky world of virtual theft is certainly a threat, but only to the largest enterprises— Target, Walmart, Citigroup. Shady international crime syndicates go after the big dogs, because that’s where the real loot is. This thinking is as understandable as it is dangerous, and risky. It’s not that the Citigroups and Bank of Americas deal with constant threats from the virtual world; they deal with constant attacks. Consequently, billions have been deployed to thwart cyber crime, which can emerge from China or Tadzhikistan or from the hacker freak living in mom’s basement down the street, or even from a disgruntled employee you had to let go. The billions deployed by the multinationals have worked. Their defenses are savvier than the hackers’, most of the time. That’s why regulators have so aggressively, and we think necessarily, turned their attention to cyber threats facing community banks. The hackers are smart (insert expletive here). They know to attack at the point of vulnerability. And community banks are vulnerable. One breach could devastate a smaller lending

institution. In May, the FFIEC and the OCC announced plans to launch a pilot program, specifically for community banks, for new cyber security assessments. The assessments will be incorporated into the usual IT examination process. Officers and Directors need to be prepared for more oversight of their internal controls and general awareness of the threats community banks face. Just what we all need, right? More guff from the regulators. The good news is that analyst sources are saying the new oversight effort is much less about levying fines than it is about coordinating awareness. Community banks will have to prove a strategic plan and a working understanding of what threats exist, how they are executed, and what third-party tech vendors do to manage threats on their end. The general message as we at Missouri Bankers Insurance Services understand it is that C-level officers, and bank boards, simply have to understand cyber risk as an everyday part of their business, just as you would old fashion security threats, like bank robbers and check kiters. A lot of bankers are skeptical about investing in a cyber-risk policy because of the perception of limited coverage. Typically, they don’t cover the cost of

Rabobank Nederland, Amsterdam, Netherlands, requested permission to renew its license to transact business in the State of Missouri through an agency located at 12443 Olive Boulevard, Suite 200, St. Louis. Exchange Bank of Northeast Missouri, Kahoka, received permission to relocate the main banking house from 249 N. Morgan

St., Kahoka, 268 N. Johnson St., Kahoka. Bank Northwest, Hamilton, requested permission to relocate the bank’s already established branch from 3200 Miller St., Bethany, to 3309 Miller St., Bethany. Investors National Bank, Chillicothe, requested permission to convert its charter from a national banking association to a state bank.

Actions First National Bank of Audrain County, Mexico, requested permission to convert its charter from a national banking association to a state chartered bank under the name of Central Bank of Audrain County. Kearney Trust Company, Kearney, received permission to establish a separate branch at 701Watson Drive, Kearney.

replacing stolen money, but are more structured to insure the cost of data theft, and the monitoring, communication and investigative expenses incurred in the event of a breach. That may change sooner rather than later, given the preponderance of the threat and the reality that crooks are going to win some battles in the war. Until it does, it remains absolutely vital to

understand these policies and how they can protect your bank. At Missouri Bankers Insurance Services, we’re not going to begrudge any perspective on a policy’s relevance to a given bank, so long as that perspective is informed and up to date on best practices. To learn more, contact Jason Bauer with Missouri Bank Insurance Services at 844-546-7034.

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The Missouri Banker June 19, 2014

MBA’s 124th Annual Convention celebrates the ‘True Grit’ of Missouri’s banking industry

David Turner, left, places the vice-chairman’s pin on Mark Goodin’s lapel during the installation of officers ceremony.

Dr. Larry Sabato, Director of the University of Virginia Center for Politics, gave the opening keynote discussing the nation’s political environment. He said Hillary Clinton will be stronger in 2016 than she was in 2008.

David Turner, left, places the chairman’s pin on Dan Robb’s lapel during the installation of officers ceremony.

Dr. Jason Selk, St. Louis, gave the closing keynote on mental toughness and how to utilize “Relentless Solution Focus (RSF).”

Immediate Past Chairman Ken Littlefield, Central Bank, Jefferson City, delivered the report of the Nominating Committee, which nominated Dan Robb for chairman and Mark Goodin for chairman-elect.

More than 100 bankers attended Missouri Commissioner of Finance Rich Weaver’s Town Hall Meeting to discuss the results of a survey on the challenges facing community banks. The survey is a joint effort of the Conference of State Bank Supervisors and the Federal Reserve System. The results of the national project will be released during the Second Annual Community Banking in the 21st Century Conference, which will be held at the Federal Reserve Bank of St. Louis in September.

Retiring Chairman David Turner reacts to humorous remarks made by new Chairman Dan Robb during the presentation of a gift of golf clubs to thank him for his service to the Missouri Bankers Association.


The Missouri Banker June 19, 2014

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Congressman Luetkemeyer receives Chairmans Award Missouri Congressman Blaine Luetkemeyer is the 2014 recipient of the MBA Chairmans Award. The award was announced by retiring MBA chairman David Turner at the Chairmans Banquet during the Annual Convention. Luetkemeyer was recognized because he uses his “Missouri-inspired common sense and good judgement to work for a better banking environment on both the state and national levels,” Turner said “Blaine does an amazing job of representing the citizens of Missouri’s Third

Congressional District. And, while he is concerned about the particular issues of his district; he also keeps a close watch on the legislation that can affect banking,” Turner said. Luetkemeyer serves on the U.S. House Financial Services Committee where he also is a member of the panel’s Subcommittee on Financial Institutions and Consumer Credit Committee; and he serves as vice chairman of the Housing and Insurance Subcommittee. He also is vice chairman of the U.S. House Small Business Committee and

Century Banks recognized

Brice Luetkemeyer, Bank of St. Elizabeth, was recognized at the MBA Annual Convention for his bank’s 100th Anniversary. Dan Robb, incoming MBA Chairman, is at left, and David Turner, retiring chairman is at right.

Brian Berhorst, left, Mid-America Bank, Wardsville, accepts the Century Bank certificate from MBA President and CEO Max Cook. Three other Missouri banks are celebrating at 100-year anniversary this year. They are Bloomsdale Bank, Bloomsdale; Citizens Bank of Edina, Edina; and Peoples Bank, Kahoka.

serves on its subcommittees on health and technology as well as the Subcommittee on Agriculture, Energy and Trade. Before his election to Congress, Luetkemeyer was a member of the Missouri House of Representatives from 1999 to 2005 and served as chairman of the Financial Services Committee. Turner said, “His influence is far reaching because he is the person other House members seek out when they need banking issues explained. Before entering the political arena, Luetkemeyer worked as a bank examiner and then embarked on a three-decades long career in banking and business.

Retiring MBA Chairman David Turner, left, presents the 2014 MBA Chaimans Award to Missouri Congressman Blaine Luetkemeyer. He was honored for his work to create a better banking environment on both the state and national levels.

Chuck Lewis, left, vice president of MBA Compliance Services, and Denny Deischer, vice president of MBA Educational Services, spoke at a breakout session on ways to have a successful compliance program.

Economist Dr. Elliot Eisenberg, left, visits with David Turner before giving an energetic presentation on economic conditions. Eisenberg said he’s generally optimistic about the economy saying that it’s at a C-minus and could improve to a B-minus in a year or so.


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The Missouri Banker June 19, 2014

Dennis McIntosh appointed to St. Louis Fed’s Community Depository Institutions Advisory Council Dennis McIntosh, chairman of the board, president and CEO of Ozarks Federal Savings and Loan Association, Farmington, has been appointed to a three-year term on the St. Louis Fed’s Community Depository Institutions Advisory Council (CDIAC), which meets Dennis McIntosh twice a year to advise St. Louis Fed President James Bullard on regional credit, banking and economic conditions. Council members serve staggered terms and are senior executives of banks, thrift institutions and credit unions from across the St. Louis Fed’s Eighth District, which is comprised of the state of Arkansas, and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. The council’s first meeting of 2014 was held in early March. The second meeting will be held October 14 and 15. The other new members named to council were John D. Haynes, Sr., president and CEO of Farmers & Merchants Bank, Baldwyn, Miss., and Greg Ikemire, president and CEO of Peoples State Bank, Newton, Ill. The new members replaced outgoing members Gary E. Metzger, president of Liberty

Bank, Springfield, Mo.; Gordon Waller, president and CEO of First State Bank and Trust, Caruthersville, Mo.; and Vance Witt, chairman of BNA Bank, New Albany, Miss. McIntosh has been president and CEO of Ozarks Federal since 2001. Prior to this, he was an outside director for eight years for the mutual thrift, which is headquartered in Farmington, Mo., with branches in Festus, Fredericktown, Ironton and Potosi. McIntosh is a member of the Missouri Bankers Association’s Bank Counsel Advisory Board. He is also a member of the American Bankers Association’s Community Bankers Council, where he currently serves on its administrative committee. In addition, McIntosh is a director of the Farmington Industrial Development Authority, currently serving as its secretary. Before joining Ozarks Federal, McIntosh practiced law for 25 years in Farmington. He was active in the Missouri Bar Association, where he served two terms as chairman of the Legal Education Committee that oversees legal education programs for more than 20,000 Missouri attorneys. McIntosh is a past two-term president of the Mineral Area College Foundation,

where he chaired its investment committee. He received his Bachelor of Arts and his Juris Doctorate from the University of Missouri - Columbia. The Federal Reserve Board of Governors established its CDIAC in 2010 as a mechanism for community banks, thrift institutions, and credit unions (with assets of $10 billion or less) to provide input to the Board on the economy, lending conditions and other issues. Each of the Fed’s District banks then established its own local advisory council, with one member chosen to serve on the Board’s CDIAC and to participate in meetings twice a year with the Federal Reserve Board in Washington.

Five graduate from GSB at LSU Five Missouri bankers graduated on June 6 from the Graduate School of Banking at Louisiana State University. They are: Charles Floyd Cain, Focus Bank, Caruthersville; Zachary F. Fayette, First State Bank and Trust, Sikeston; Jeremy A. Jameson, Enterprise Bank and Trust, Clayton; Michael D. Salters, Rockwood Bank, High Ridge; and Christopher Widmer, Landmark Bank, Columbia.

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Agenda June 2014 24 - 26 Lending Essentials Workshop, Columbia August 2014 13 Regional Meeting, Kansas City 14 Regional Meeting, Springfield 27 Regional Meeting, Cape Girardeau 28 Regional Meeting, St. Louis September 2014 3 Regional Meeting, Columbia 9-11 IRA School, Columbia 11 MBA Board of Directors Meeting, MBA Office, Jefferson City 17-19 Compliance Conference, Holiday Inn Executive Center, Columbia. (New Location) 29 - Oct. 2 MBA Washington Visit October 2014 16 - 17 Young Bankers Leadership Conference, Tan-Tar-A Resort, Osage Beach 30 - 31 Bank Legal Issues Conference, Courtyard by Marriott, Columbia December 2014 3 MBA Board of Directors Meeting, InterContinental Hotel, Kansas City 3 - 5 Executive Management Conference, The InterContinental Hotel, Kansas City February 2015 25 - 26 Technology Conference, Tan-Tar-A Resort, Osage Beach March 2015 24- 25 Tri-State Leadership and Human Resource Conference, Kansas City

MBA is a part of Regulatory Feedback Initiative (RFI) The MBA has joined with bankers associations across the country to create the Regulatory Feedback Initiative (RFI). This initiative will bring transparency and accountability to the regulatory process and will help every bank in the country prepare for their examinations and manage their regulatory risk. The initiative consists of a brief, anonymous online survey that we are asking every bank to take immediately following each safety and soundness examination and each compliance examination.  We need every bank to build the survey into their examination process. For more information, visit the Coalition of Bankers Associations web site at www.allbankers.org. To receive a link to the survey contact Mike Noblett at the MBA via email at mnoblett@mobankers.com.

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The Missouri Banker June 19, 2014

Nine Missouri bankers recognized for giving Nine new members of the MBA 50 Year Club were recognized this year during the Annual Convention in Branson. Each of the honorees has devoted the greater part of his or her life to banking, which is a tribute to the loyalty they have for our great industry.

Bonnie Bolte

Bonnie Bolte graduated from Union High School in 1964, and began working Bonnie Bolte in the Bookkeeping Department at the United Bank of Union in June. Everything was posted by hand, and Bonnie notes that a proof machine like the one she used is now on display at the Smithsonian. She has worked as a teller and teller supervisor before being named assistant cashier where she works with debit cards and ACH. She says she marvels at the changes she’s seen during her fifty years in banking. Bonnie says her favorite part of working in banking is being able to listen to and help customers. Bonnie offers this advice to young bankers: Customer service and the ability to communicate with people will always be important, even as technology is becoming more and more important. “When I started in banking, debit cards were unheard of. Now we have internet banking, mobile banking and remote capture. I can’t even imagine what changes will come along in the next 50 years.

William A. Carpenter

William A. “Bill” Carpenter is a director for Preferred Bank in Rothville and Nodaway Valley Bank in

St. Joseph. Bill graduated from the University of MissouriColumbia and began William Carpenter his banking career in 1964 at Boone County National Bank, Columbia. A few months later, he took a position with the FDIC; and in 1966 moved to Meramec Valley Bank, Valley Park. He spent 25 of his 50 years in banking working for Commerce Bancshares in Kansas City from 1970 to 1995. From 1995 to the present he has served as a director for Nodaway Valley Bank, and in 2000 was named as a director with Preferred Bank. Both banks nominated him for membership in the 50 Year Club. Bill says his favorite part of working in banking has been the satisfaction of helping communities prosper. He says it is great to be part of a customer’s success story and to watch them blossom over the years. Bill says community banks are the backbone of small communities and are vital to the forward movement of a community. He remembers as a young examiner riding with the examiner-in-charge who told him you can tell immediately the kind of bank you are about to examine by driving into town and looking around the community. A well-managed bank is the cornerstone of its community. Bill’s advice to young bankers is to be yourself, stay positive and don’t be combative. He says you must live within the regulations to help the customer.

Mary M. Clevenger

Mary M. Clevenger is vice president of Pony Express Bank in Braymer. She moved Mary Clevenger to Bramer in 1952 when she married. She was working at the Consumer Oil Company in 1954 when the cashier for First National Bank of Braymer asked her to consider working at the bank. She began her banking career on December 31, 1954. All posting was manual and checks were filed alphabetically until the onset of account numbers in the early 70s. Mary saw the bank name change in 1976 to the Braymer Bank and then to Pony Express Bank in 1993. Mary says she attributes her longevity in banking to enjoying her work and the relationships she’s built with customers and co-workers, as well as being accepting and open to change. Mary’s advice to young bankers is to be conscientious and committed to your career and your employer. Try to learn as much as you can, whenever you can.

David Gohn

David Gohn is chairman and CEO of West Plains Bank and Trust David Gohn Company. He graduated from Drury College and began a management training program at Union National Bank in Springfield in September of 1964. He accepted a position with West Plains Bank in 1966. David’s support of

banking extends beyond his own bank, having served the MBA as a director, chairman-elect and chairman in 1999 to 2000. He has also served on the American Bankers Association Community Bankers Council and was named chairman of the Council in 1990. In 1993, David was elected to a three-year term on the ABA Board of Directors. David says he has worked in banking for 50 years because he enjoys getting up and going to the bank every day. Each day there is an opportunity to help someone with their future. David says his banking philosophy is to create an atmosphere that encourages your employees to help build the community you serve and your community will respond and help build your franchise.

Pamela A. Hulland

Pamela A. Hulland is a teller at First Independent Bank, Aurora. She Pamela Hulland started her banking career in February of 1964. She worked in various departments at the bank and took courses through the American Institute of Banking to further her banking career. Working the commercial lane in the bank’s drive-in window has become her specialty. Pam spent 33 years with the Aurora Bank and transitioned through five ownership changes. In 1997 she joined First Independent Bank in Aurora. Pam’s philosophy about banking is to remember that employees can make a bank, and customers will be the

judge. Our goal is to do our very best every day. Pam offers this advice to young bankers: Knowledge is the key to success. Hard work and patience will pay off – it just takes a little while.

Barbara J. Phifer

Barbara J. Phifer is manager of training and development at Great Barbara Phifer Southern Bank, Springfield. She began her banking career in September of 1963 working in bookkeeping at Merchants Produce Bank, Kansas City. She moved with her husband, Gene, to Abilene, Texas in 1967; and applied at five different banks in one day. By noon she had been turned down by all five because in Texas they didn’t hire women as tellers. She persevered and was hired by Citizens National Bank to work in the Bookkeeping Department hand-processing checks until 1970. Barbara spent the next several years of her career with Bank of America and its predecessor banks until moving to Great Southern Bank in April of 2003 where she currently works as the manager of the Training Department. She says her real success occurs when students leave her classroom with the one new idea that helps them become more successful in their careers. Barbara attributes her longevity in banking to supervisors who were always willing to let me learn more and advance with the organization. Barbara says her banking philosophy is that building relationships is the key to a bank’s growth. That begins


The Missouri Banker June 19, 2014

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50 years of service at 2014 Convention with upper management and flows to every aspect of the company. She advises young bankers to try to make a difference every day. The power of one contributes to the strength of many.

Rosella M. Roberts

Rosella M. Roberts is a director with First Community Rosella M. Roberts National Bank, Steelville. She began her career in June of 1964 in the Bookkeeping Department alphabetizing checks and deposits, manually positing checks and maintaining customer account ledger sheets. She has worked as a teller, supervisor, IRA program director, 401(k) plan administrator and senior vice president. In 1988, she started the highly successful Prestige Club, which serves customers ages 50 and over with their banking and travel needs. She was elected to the bank’s board of directors in 2002 and retired from daily operations in 2007 with 42 years of service. Rosella attributes her longevity in banking to working hard and to keeping up with the times and the changes. She also says caring for the customers and

working as a team is vital to success in banking. Rosella’s philosophy about banking is to treat your customers and employees right. Her advice to young bankers is to get all the education you can to help with your banking career. Care about your customers and have a great sales and teamwork attitude.

Russell E. Spaulding

Russell E. Spaulding is vice president of Russell Spaulding first national bank of St. Louis. He served six years in the U.S. Air Force Reserves, and started his banking career with the St. Clair National Bank of Belleville, Illinois, in 1963. After working two years as a teller, he was promoted to assistant cashier. In 1968, he joined the national stockyards national bank of National City, Illinois, where he became auditor. In 1977, the bank was acquired by Boatmen’s National Bank of St. Louis. Russell was named correspondent banking officer and relationship manager in the correspondent banking division and was soon named assistant vice president. He remained in that position through the merger of Boatmen’s with Nations

Bank when it then merged with Bank of America in the mid-1990s. Russell continued his relationship management duties until 2002 when Bank of America exited the correspondent banking business. On his last official day with Bank of America, Russell was named vice president and senior correspondent banking relationship manager for First National Bank of St. Louis, an affiliate of central Bancompany. He continues in that position today and has no plans to stop working with community bankers. Russell attributes his longevity in banking to the friendships he has enjoyed over the years combined with the blessing of good health. He says he is happy in his work because he has the opportunity to meet and work with great, honest people and banking is a good, solid and reputable business. Russell says his favorite part of working in banking is the long-term relationships he has built with bankers and bank customers. His philosophy about banking is that banking is really a simple business with a lot of good values. He says we need to remember that it is a people business rather than a business of transactions and numbers.

Russell offers this advice to young bankers: have a good attitude, pay attention to all of your co-workers, customers, and superiors and listen to what they have to say. If you spend more time listening you will learn a lot more and be appreciated for your thoughtful attention.

William M. Tiewes

William M. Teiwes is chief risk officer for Country Club Bank in William M. Tiewes Kansas City. At the age of sixteen, William left his family in Germany to immigrate to the United States. He traveled alone to Kansas City to stay with his sister who had immigrated several years earlier. He spoke no English, but got a job in the shipping department at Tenison Envelope. He attended night school at Westport High School to study English. William had finished grade school in Germany and was fortunate to be allowed to enter Center High School at age 18 as a senior, in essence skipping three years of high school. He went on to earn his degree in economics from the University of Missouri at Kansas City. William’s banking career began in June of 1964 with City National

Bank, now UMB Bank, as an accountant-auditor. He says the timing of his employment was priceless, because it allowed him to be in on the ground floor of the conversion of many manual banking products and services to an electronic process. He says the education he received during the process was invaluable and sadly is not available to the younger generation of bankers. William was promoted to comptroller in 1968, and at the age of 34 was promoted to executive vice president, chief financial officer and treasurer. In 1994, he left UMB and joined Country Club Bank as executive vice president and chief financial officer. Since that time, he has held the title of chief operations officer and is currently the bank’s chief risk officer. William says his favorite part of working in banking has been using technological advances to improve customer service while enhancing customer and bank profitability and competitiveness. His philosophy about banking is for the bank to measure its success by that of its clients, while maintaining ethical standards. His advice to young bankers is to stay positive, be a problem-solver and to be forward-looking.

MBA Bankers Service Corp. endorses Convergent MBA Bankers Service Corp. is pleased to announce the endorsement of Convergent Retirement Plan Solutions, LLC. The company is a highly specialized retirement services company staffed with industry veterans who are dedicated to creating tailored compliance, education and business development solutions for the retire-

ment services industry. Convergent’s solutions help produce measurable bottom-line results for their clients through decreased compliance exposure and increased acquisition and retention of retirement plan assets. Their markets are traditional and Roth IRAs; small business retirement, and corporate defined contribution plans.

The Convergent staff has extensive hands-on experience in all facets of retirement product development, distribution and servicing, which you can utilize to serve your customers’ needs. Convergent’s products and services are designed to help your bank acquire and retain retirement plan clients and assets while minimizing

compliance exposure. The company’s core offerings are designed to address three fundamental industry challenges: • ERISA compliance • Training and development • Business development For more information, contact Ben Norquist, president of Convergent, at 218-824-4900 ext. 4901.


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The Missouri Banker June 19, 2014

Achievements Ron T. Barnes, chairman of Midwest BankCentre, St. Louis, has announced his Ron T. Barnes retirement, effective June 30. He has been named vice chairman of Midwest BankCentre, Inc., the financial holding company that owns the bank. He remains as a director of both the holding company and the bank. James A. Watson, president and CEO of Midwest BankCentre, has been promoted to James A. Watson chairman. He was also named president of Midwest BankCentre, Inc. Barnes and Watson have worked together at Midwest BankCentre since 2003. Samuel W. Duggan II, chief financial officer of Stupp Bros., Inc. has been appointed to S.W. Duggan II the Midwest BankCentre South Region Board. Brian Buckley has joined St. Louis Bank as a commercial banking representative and Brian Buckley credit analyst. Dr. Warford B. Johnson II has been named an advisory director for the Southwest Market Dr. W.B. Johnson II for The Bank of Missouri in Springfield. Dr. Johnson is director of the

Cardiology Outpatient clinic at Mercy McCune Brooks Hospital, Carthage. Benjamin Newhouse has been named an advisory director for the Southwest Market for The Bank of Benjamin Newhouse Missouri in Springfield. He is CEO and president of Vineyard Asset Management, LLC, Springfield. Jim Owens has joined Midwest BankCentre as a mortgage lender and will lead James Owens the mortgage office at the Fenton branch. He has served mortgage loan customers since 1998. Angela Lynn has been promoted to vice president, senior operations officer at Angela Lynn Metropolitan National Bank, Springfield. She has 18 years of banking experience and joined the bank in 2003. Crystal Green has been promoted to assistant banking center manager at the Glenstone Banking Center for Metropolitan National Bank, Springfield. She has seven years of experience in the banking industry. Chall A. Jenkins has been elected to the Board of Directors of Country Club Trust Co., Kansas Chall A. Jenkins City, a subsidiary of Country Club Bank. He is senior vice president/ operations for Country Club Trust Co. and its subsidiary

Tower Wealth Managers. Ola Truelove has joined Metcalf Bank, Lee’s Summit, as vice president, cash management. Ola Truelove She worked in banking for 30 years. Missy K. Bonderer has joined Providence Bank, Jefferson City as a residential banking Missy Bonderer officer. She has more than 24 years of banking experience. Rodney Bax was promoted to executive vice president at Bank Star One, Lake Ozark. Rodney Bax He was a senior assistant bank examiner for the Missouri Division of Finance from 2009 to May of 2011 before joining Bank Star One. He also had worked in banking for nearly five years. Jeff Welsh was promoted to executive vice president at Bank Star One, Lake Ozark. Jeff Welsh He joined the bank in 2012 and managed the Fulton/ New Bloomfield market until returning to the Lake Ozark office. Doug Phipps was named small business banking relationship manager at U.S. Bank, Doug Phipps Lamar. He has been

working in banking for 13 years. Jacob Barnes was named small business banking relationship manager for U.S. Bank, Jacob Barnes Monett. He has been working in banking for seven years. Jessica Harper was promoted to bank officer within the Missouri Division office of BancorpSouth. In her Jessica Harper current position as sales/ marketing and CRA coordinator, she supports the banks located in Springfield and St. Louis. She also oversees the bank’s financial education efforts in the community. She has eight years of banking experience. Alan Banta has joined Arvest Bank in Branson as a commercial banker. He has 30 years Alan Banta of experience with 17 years in lending. Kandice Higdon was promoted from Assistant Online Services Manager to AVP – Online Services Manager at Metropolitan National Bank, Springfield. She has been with the bank since 2010 and has 13 years of experience in banking. Megan Neyer was promoted from Assistant Customer Service Center Manager to AVP – Customer Service Center Manager at Metropolitan National Bank, Springfield. She has worked in banking since 2008, and joined Metropolitan National Bank in 2011. Chris Kay has joined First Home Bank, Mountain Grove, as vice president and

compliance officer. She has more than 20 years of banking experience. Tyler Bannister has been named assistant vice president, banking center manager for the Provi- Tyler Bannister dence Bank Wildwood Banking Center in Jefferson City. He has more than eight years of banking experience. Erin Larimore has been promoted to assistant vice president, banking center Erin Larimore manager for Providence Bank. She will be responsible for the tellers and personal bankers at the Ellis Banking Center in Jefferson City. She joined the bank in 2010. Bob Tostenrud was promoted to assistant vice president, business development officer for Bob Tostenrud Providence Bank. He will be working with banking center managers in Jefferson City and Osage Beach to strengthen business development. He has been with the bank since October 2013 and has more than 25 years of banking experience. Neil G. Haberberger, president of Haberberger Mechanical Contractors, Inc., Neil Haberberger St. Louis, has been appointed to the South Region Board for Midwest BankCenter, St. Louis.


The Missouri Banker June 19, 2014

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MBAds The Bank of Missouri, headquartered in Perryville, MO, a 123 year old, $1 billion dollar diversified financial services organization with 20 locations and 340 plus employees, seeks talent to fill the following positions:

Salary commensurate with experience, competitive benefits including 401(k) and ESOP, great working environment. All positions are considered executive. Send resume with reasons for interest in position to bguth@bankofmissouri.com.

Chief Operating Officer to provide general direction and supervision to operations and administrative departments of the bank, including the personnel and staff functions. This position will coordinate activities in accordance with established policies and procedures to ensure maximum profits commensurate with the best interests of the shareholders and in compliance with regulatory supervision; in the absence of the president, acts in the president’s place. Successful candidate will develop and implement bank’s operating policies and procedures. Analyzes operational problems and develops procedures for their resolution. The position provides a high level of customer relations and service and is deeply involved in community activities in the bank’s markets. Bachelor’s degree with ten years of lending experience and additional bank training such as graduate school of banking a plus.

LOAN COMPLIANCE SPECIALIST: Do you know HMDA, RESPA, and TILA? If so we’d like to get to know you.  Cummings, Ristau & Associates, P.C., a St. Louis area accounting firm specializing in financial institutions, is seeking to add a qualified loan compliance specialist who is familiar with these regulations and more, to its staff.  Candidate should possess a minimum three years of related experience along with strong written and oral communication skills. CRCM designation and secondary market mortgage experience is a plus.  Ability and willingness to travel primarily in Missouri and southern Illinois with some overtime required.  Please send resume to: 13023 Tesson Ferry Road, Suite 201, St. Louis, MO 63128 or via email to careers@cummingscpa. com.  EOE.

Chief Credit Officer to review and evaluate the credit quality of the total bank’s loan portfolio. Position will establish and maintain the bank’s credit risk policies and direct all lending activities, lending operations and assure compliance systems and documentation for loan files. The position will be indirectly responsible for 52 loan officers. Bachelor’s degree plus additional lending and compliance related training and eight years of bank lending required. Community Bank President, Poplar Bluff location to manage and strengthen overall community bank operations and profitability while enhancing bank’s favorable image in the community. Position will develop and coach staff that is committed to establishing new and retaining existing relationships, and strengthening existing client relationships in loans, deposit accounts, investments and insurance products. Bachelor’s degree in a business related field plus eight years of banking, and additional training required.

Commercial Lender – Clay County Savings Bank, a $90 million bank in the northland KC area, is looking for a solid individual to help grow its commercial loan program. Experience with working with small businesses and SBA lending is a plus. Salary commensurate with experience with a great benefit package. Resumes may be sent to the attention of the President, P.O. Box 277, Liberty, MO 640690277. Loan officer position available at small independent community bank . Knowledge of real estate, consumer and some commercial lending is preferred. Good hours, nice working environment, salary commensurate with level of experience, great benefits. Send resume to State Bank of Missouri, P.O. Box 303, Grain Valley, MO 64029-0303. EOE AG LENDER-COMMERICAL — Bank Northwest (location: Bethany, MO), has an opportunity for an individual with experience in AG & Commerical Lending — to

service existing credits and to originate new business. Must have the following strengths: communication, problem solving, and ability to work with staff. Bachelor’s degree or five years lending experience is required. Send your resume to James Anderson, Bank Northwest, 201 S. Davis, Hamilton, MO 64644 or Banknw@centurytel. net Business Services Manager - Landmark Bank is seeking a Business Services Manager to be located in Columbia, MO. This position will be responsible for overseeing the business services sales and support functions; develop, manage and maintain a team to provide seamless, integrated and empowering service experience to our clients; and responsible for developing business services into a line of business within out bank and providing key input into product offerings. Qualified applicants should have a four year college degree or equivalent experience; 5 years Treasury Management experience; 7 plus years of direct sales experience; strong leadership skills with results oriented goals and objectives; and excellent communication and ability to work with various levels of bank management, local bankers and wealth management.  For a full job description and to apply online visit www. landmarkbank.com Landmark Bank is an Equal Opportunity Employer/ AA/M/F/Vet/Disability Controller: A large community bank with $500 million in assets and 11 branches in central Missouri is seeking an experienced controller.  This position reports to the CFO and performs accounting functions, such as financial and regulatory reporting, budget preparation, asset/liability reporting, general ledger maintenance, and account reconciliations. Has the ability to apply acquired job skills to complete substantive procedures/assignments/projects/tasks of moderate scope and complexity.  Has responsibilities for decision-making pertaining to specific organization functions to which assigned. We offer a competitive compensation and benefit pack-

age. A bachelor’s degree in finance or accounting or 5+ years experience in an accounting or financial analysis role is required.  This is an excellent opportunity for an individual looking to grow and advance their career. Please email resume to mjohnson@ tcbanks.com. EOE. Commercial Banker: Peoples National Bank, a 105 year old community bank headquartered in Mt. Vernon, IL, is seeking qualified candidates for a Commercial Banker in the St. Louis, MO market area. Responsibilities will include managing an active portfolio of commercial and commercial real estate relationships, structuring and negotiating loan terms, and developing new business relationships throughout the St. Louis metro area. Candidates should demonstrate a proven track record of business development and relationship building skills, along with strong public relation skills.  Minimum five years of commercial lending, business development and/ or credit analyst experience required.  Bachelor’s degree in economics, finance or related field is preferred.  Peoples National Bank offers a very generous benefit package and competitive compensation. Instructions must be followed for application to be considered complete. To apply, please download the application: http://www. peoplesnationalbank.com/ about-us/careers.html Submit application with resume or letter of interest to: Human Resources PEOPLES NATIONAL BANK PO Box 908 Mt. Vernon, IL 62864 Peoples National Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities. Deadline to place a classified advertisement in The Missouri Banker is five days prior to publication date. Email ads to snorfleet@ mobankers.com and an invoice will be mailed to you. Logo

insertion charge, $12.50. Classified advertisements are posted on the public side of the MBA Web Site at no extra charge for the same time period as advertised in The Missouri Banker. Classified ad rates are as follows: • $1.00 per word for one issue • $1.50 per word for two issues • $2.00 per word for three issues

Compliance Services webinar set for July 17 MBA Compliance Services is offering a live webinar titled “When Compliance and Customer Service Collide” on Thursday, July 17 at 10 a.m. CDT. Chuck Lewis, vice president, MBA Compliance Services is presenting the approximately one hour program. Issues to be discussed will include: • Customer complaints/ inquiries/requests for information, including CRA • Reg E error resolution processes • Disputes by customers, including FCRA • Privacy issues • FDIC deposit insurance and other deposit account issues • Financial exploitation of the elderly • Suspicious activity research • UDAAP concerns For more information or to register, visit the MBA website at www.mobankers. com.


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The Missouri Banker June 19, 2014

MBA’s 2015 Schools In today’s highly competitive world of mergers, acquisitions, and the ever-changing turbulent banking environment, it is essential to gain a competitive edge. What better way to assure yourself and your institution of this edge than to attend the Missouri School of Bank Management. Challenging, yet entertaining, instructors coupled with the latest education course study will allow you to gain an invaluable banking education. We highly recommend marking your calendar now to attend this year’s School of Bank Management in Columbia, Missouri. You can be assured this education will aid in preparing you for today’s complex banking issues and boost your career as a banker.

Purpose and Objectives ___________________________________________ The Missouri School of Bank Management is a two-year program with a comprehensive study of thirteen functional areas of banking. The school is designed for mid-level and junior bank officers preparing for a career in bank management. The purpose of the school is to provide that instruction by: 1. 2. 3. 4. 5.

Imparting a thorough understanding of banking and the interrelationships of each function. Helping students understand how each functional area affects overall profitability. Enhancing analytical skills and management techniques. Applying the concepts learned through two interim written assignments. Learning management skills through a bank simulation where students experience running a bank, working with other department heads and taking responsibility for profit decisions. 6. Exposing students to the experience and knowledge of other bankers across the state.

School Objectives ______________________________________________ The purpose of the school is to provide students with the knowledge and understanding of laws and regulations that impact lending practices, deposit functions, marketing and management by:  Developing an understanding of federal laws and regulations;  Developing basic management skills and effective techniques for compliance administration; and  Providing instruction designed to supplement in-bank training programs and benefit students through exposure to the experience and knowledge of other students.

Benefits of Attending ___________________________________________  The faculty are top-notch in the compliance field, and you’ll have plenty of opportunity to share with them your specific compliance concerns during the sessions and breaks.  You’ll also get to share your compliance concerns and solutions with participants from similar institutions.  You’ll receive an information-packed manual for each module containing program and resource material.  Participants who attend the entire school will receive a completion certificate to document their ongoing commitment to bank compliance education.  Return with new and valuable compliance insights and solutions.

As we move into the future, bankers will see many challenges. One challenge is having qualified lenders who are not only excellent negotiators, but also know documentation, and are current on special issues confronting today’s borrowers. A trained lender is a commodity in today’s market that cannot be overlooked. We highly recommend marking your calendar now for the School of Lending in Columbia, Missouri.

Purpose and Philosophy _________________________________________ The Missouri School of Lending was founded to provide mid-level bank officers and commercial loan officers a thorough understanding of commercial lending administration. The purpose of the school is to provide that information by:  Focusing on the operating cycle of a business, and the key variables for long term success;  Helping students develop their analytical skills and management evaluation techniques;  Acquiring an awareness of the economic environment and how it affects the lending decision;  Understanding the borrower and loan management alternatives available to a lender in the event of loan default; and  Providing a strong foundation of financial analysis, along with in-depth case studies that allow the student to apply lessons learned.

Complete school information can be found at www.mobankers.com. Or call the MBA at 573-636-8151.

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