October 6, 2023

Nodaway Valley Bank 4001 N. Belt Hwy. St. Joseph, MO 64506 www.nvb.com

Secur-Serv 4211 S. 143rd Cir. Omaha, NE 68137 (800) 888-2135 secur-serv.com American Bank Systems 14000 Parkway Commons Dr. Oklahoma City, OK 73134 (405) 607-7000 www.americanbanksystems.com Pinnacle Sign Group 505 N. Glenstone Springfield, MO 65802 (417) 838-5633 www.psgsign.com Sho-Me Technologies, LLC P.O. Box D Marshfield, MO 65706 (417) 859-2615 www.shometech.com

Schlosser Earns Prestigious Banking Diploma From Graduate School of Banking at Colorado Jeremy Schlosser, Senior Vice President of Private Banking of MRV Banks, has graduated from the Graduate School of Banking at Colorado’s (GSBC) state-of-the-art graduate school of banking program. Schlosser was among 166 graduates of the class of 2023 honored during a ceremony on

In the ever-evolving world of banking, a remarkable transformation is taking place, driven by the advancements in artificial intelligence (AI). AI is not just a buzzword; it’s a game-changer that holds immense potential to revolutionize the way banks operate. In this article, we will delve into the incredible benefits of AI in banking, focusing on how it can empower bankers, streamline compliance processes and ultimately provide customers with a more personalized and exceptional experience.

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.

Just as you have to complete due diligence before you buy a home, due diligence for banking vendors can make or break a partnership. Not completing enhanced due diligence (EDD) is like buying a house sight unseen and without doing an inspection! You never know what you might find.

The U.S. banking system is sound and resilient, with strong capital and liquidity, according to the latest report on bank supervision and regulation released in May by the Federal Reserve Board of Governors.1 Nevertheless, bank supervisors are actively monitoring risks associated with credit, liquidity and interest rates. These risks have risen in 2023 because of prevailing economic conditions and uncertainty about the future path of the economy.

It may be hackneyed to say that history repeats itself, but that doesn’t mean it’s untrue. Look no further than business and interest rate cycles. We’ve all seen charts and tables lately that display the confluence of short- and long-term interest rates, the relationships between fed funds and unemployment, and correlations between mortgage costs and housing prices.

To view all the photos from the convention, please visit www.miba.net/annual-convention.html

Mark Laune, President and CEO of People Saving Bank, recently started a year-long term as the 2023‑2024 MIBA President. In his own words, he has “big shoes” to fill as he follows in the footsteps of those who have held this position before him. He is ready to jump in and fight the good fight to ensure that the future of community banking is secure.

With the advancements in artificial intelligence (AI) technology, businesses around the world are considering how they can use AI to improve efficiency and advance business goals. Financial institutions are no exception. While AI can bring many efficiencies and advancements to the way business is conducted, in the highly regulated financial services industry, there are many considerations that need to be addressed by financial institutions seeking to use AI.

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Community bankers have long been community changers. Through their service to small businesses and local economies, their impact on the lives of their customers and neighbors is undoubtedly far-reaching. Nevertheless, the community of community bankers and changers is, in and of itself, changing rapidly — enough for some to declare it under attack. Why is that?

With Veto Session in the books, the first regular session of the Missouri General Assembly is officially over. The Missouri House overrode 14 of Governor Parson’s vetoes, but the Senate did not take any of them up, so the Governor’s vetoes stand.

The court losses for the CFPB are stacking up. The latest came on September 8, when a federal judge in Texas issued a final judgment against the CFPB for unlawfully expanding its authority when updating the UDAAP manual. In the manual, the Bureau attempted to redefine “unfair,” allowing itself to use the term liberally and take punitive action against supposed perpetrators.

I’ve never been prouder to be a community banker than I have this year. As ICBA Chairman, I have had the opportunity to tour the country, meeting community bankers from all over. I have consistently heard stories of how we support those who need us: our communities. Everything I have believed about community banking is proving true this year.

Navigating the regulatory landscape is like getting on a roller coaster. There are ups and downs, and you’re never sure what’s around the next turn or when you’re going to get thrown for a loop. Right now, that wild ride comes courtesy of Silicon Valley Bank and other bank failures, and we’re looking at potential rule writing as a result.

Another MIBA Annual Convention is in the books and what a great way to start my tenure as the newly elected MIBA President than to reflect on this annual tradition.