June 8, 2023

TPNB Bank Paris, MOwww.tpnbbank.com Bank of Monticello Monticello, MOwww.bankofmonticello.com

Banc CardOverland Park, KSbanccard.com Bedel SecurityGreensburg, INwww.bedelsecurity.com Olsen Palmer, LLCKansas City, MOwww.olsenpalmer.com

Thank you to all attendees, in-person and virtually, who joined us for a very exciting day of training. A BIG THANK YOU to forbinfi, a VGM company, for their sponsorship and presentations.

The MIBA scholarship program continues to generate enthusiasm among MIBA member banks. It is designed to meet the financial needs of community bank employees/dependents more than to recognize scholastic achievement. The determination of such needs was left to the sole discretion of the community bank CEO submitting the application. Some banks held their own drawings to determine the applicant submitted. We feel this award opportunity is a valuable addition to our member banks’ employees in furthering their education either in the field of banking or helping to make possible continuing education for their dependents.

Matthew S. Ruge, Executive Director of the Missouri Independent Bankers Association (MIBA) announced the recent hiring of Destiny Rogers. Rogers has joined MIBA as Development and Events Coordinator and began work Monday, May 8, 2023.

Contributors to the MIBA Political Action Committee are recognized for their generosity on the association’s website and at the MIBA Annual Convention and Exhibition. Different levels of contribution have been set to recognize supporters of our Political Action Committee fund and to make the association’s membership more aware of this important facet of our work on behalf of the political agenda of community banks across Missouri.

Windows 11 is here, and while it may seem like an enticing upgrade, it is important to consider whether or not your business should make the switch. The new Windows operating system has many similarities to Windows 10, but there have also been some significant changes with this release that could impact your workflow.

On March 12, the Federal Reserve launched the Bank Term Funding Program (BTFP), a lending program for eligible depository institutions — banks, savings banks and credit unions — experiencing liquidity issues. The goals of the BTFP are to bolster institutions’ capacity to safeguard deposits and ensure the ongoing provision of credit to communities and the broader economy.

New CEO and New President Announced for Hawthorn Bancshares, Inc. and Hawthorn Bank Hawthorn Bancshares, Inc. (NASDAQ: HWBK) and its subsidiary Hawthorn Bank announced that Brent Giles was named CEO of both entities effective May 1, 2023. Also for both entities, Gregg Bexten, currently Regional President of the bank’s Central Region, will assume the role

Content is the key to any successful marketing strategy for community banks and credit unions. But what does effective content marketing look like? Simply having pages on your bank’s website describing the products and services you offer isn’t enough. So, how can you use different content pieces to effectively market yourself to better connect with new and existing customers? Embrace a diverse content approach.

“What if?” How many times and how many ways has a conversation like this begun with a community banker? Borrower: What if you hold the title on my 1979 Ford Pinto as additional collateral? Auditor: What if your held-to-maturity bonds go further underwater? Loan officer: What if we put a 6% cap on this floater?

MIBA had the chance to sit down with Jim Anderson to discuss his journey in banking, how he became the President and CEO of Bank Northwest and the benefits of MIBA membership. We enjoyed talking with Jim and hope you enjoy learning about him as much as we did.

The Silicon Valley Bank Financial Group (SVBFG) filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code on March 17, 2023, exactly one week after the FDIC’s midday bank takeover. Tensions were high and sparks flew at the “first day” court hearings on March 21 about whether the FDIC should immediately turnover approximately $2 billion that SVBFG had on deposit with Silicon Valley Bank (SVB). Bondholders who were owed several billion dollars joined SVBFG’s demands for turnover, citing the future potential need for cash that could not be delayed. At that time, SVBFG had approximately $180 million and expected to spend about $100 million in the ordinary course.

Where are your main bank and branches located? What is the market like?Our headquarters is in Macon and we have a branch in Monroe City. Our market is a large mix of consumers, local businesses and farm operations. What is something unique about your bank?Our bank was started in 1893 by W.J. “Jett” Dearing and

The 1st Regular Session of the 102nd Missouri General Assembly ended May 12 at 6 pm. As with past years, there was controversy in the Missouri Senate during the last week.

If you’re a regular reader of this column, you’ve heard me talk about reforming the Consumer Financial Protection Bureau (CFPB) a time or two. But now that Republicans have the House majority and the United States Supreme Court is going to decide whether its funding mechanism is constitutional, we’re in a position to actually make some changes. And I’ve got several bills in the works to bring reform to arguably the most unaccountable agency in Washington.

There’s no doubt about it; today’s economic environment is tumultuous. All around us, we’re fending off new storms from big bank failures to compliance hurdles and beyond. But we weather these tempests through our relationship-first focus.

If there’s one universal truth about small businesses, it’s this: No two are the same. Whether it’s an agricultural entity, a business consultancy, a retail establishment or a host of other options, you’d be hard-pressed to find a replicated set of financial needs. Fortunately, community banks operate in the same fashion. Though you share common values in relationship-first banking, your models are based on the needs of the communities you support.

Community banks at their core are financial institutions that serve the local population in a specific region or area. We not only provide generic financial services, such as savings accounts, loans, mortgages, and investment products, but can tailor to the customer’s unique needs. We differ from larger national or multinational banks because we tend to be smaller and more focused on the local market.