Pub. 1 2021 Issue 3

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.

June Wednesday, June 2, 2021 2 p.m. – 3:30 p.m.Handling Subpoenas, Summonses,Garnishments & Levies Thursday, June 3, 2021 2 p.m. – 3:30 p.m.Treasury Management: How to ‘Power Up’Deposits & Fee Income Tuesday, June 8, 2021 2 p.m. – 3:30 p.m.Collection Series: Troubled Debt Restructuringin the COVID Economy Thursday, June 10, 2021 2 p.m. – 3:30

MIBA Annual Convention & Exhibition

Employer Fraud
Most employers purchase adequate workers’ compensation insurance to ensure their employees will be properly supported and cared for when occupational illnesses or injuries arise. However, some employers utilize dishonest practices within their workers’ compensation programs in an attempt to reduce the related expenses — thus committing employer fraud.

Here’s the truth: COVID-19 is never going away. Not with a cure or vaccine. Not after we can move freely around the world. And not after we can give our loved ones of all heath and ages the hugs that are both long-awaited and long overdue.

The FASB’s new credit loss model is one of the most significant accounting changes in recent history. The time to act is now — here’s how you can prepare and comply.

2020 has challenged our industry in ways previously unknown. We began the year expecting our biggest challenge would be the continued growth of deposits at reasonable rates. Today, we are faced with three challenges: a prolonged low-rate environment with continued margin compression, the challenge of keeping branches open and serving our communities, and an increasing number of customer transactions moving to the digital arena.

I have some good news for community bank portfolio managers who have grown weary of some or all of the following conditions that have persisted since 2020:
declining portfolio returns
erratic cash flows
call option exposure
paltry yield spreads

Tyler Bender, president of Midwest Regional Bank, graduated in 2006 from Saint Louis University with a bachelor’s degree. He earned a double major: business administration with a concentration in economics and history. He studied Regency England (1811-1820), which occurred when George III was too sick to rule, and his son (later King George IV) ruled instead.

In February, we looked at some of the regulatory issues that have arisen with fintech firms entering banking. This month, we are examining some of the consumer issues that have surfaced with these innovative ways to bank.

Mid America Bank New Executive Vice President Appointed Jefferson City, MO — Mid America Bank is pleased to announce Steve Linton has joined the bank in the role of Executive Vice President effective April 1st. In this role, Linton will be responsible for the overall leadership of the bank and its culture. He will work

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The 2021 version of the Missouri Legislative Session is nearly over. I am writing this May 10th, the last Monday of the last week of the session. At this point, there are two MIBA priorities that have passed the Senate. SB 106, the Division of Finance revision bill, sponsored by Sen. Crawford has been Truly

Experts predict a continuing rise in bankruptcy filings as COVID-related debt relief expires. This article is intended to provide creditors with a brief bankruptcy overview, including the most common types of bankruptcy cases, to enable them to more confidently participate in the bankruptcy process. Of course, bankruptcy is complex, and each case is uniquely nuanced. Creditors should contact a bankruptcy attorney for assistance in responding to specific bankruptcy filings.

Recently, Financial Services Chairwoman Maxine Waters introduced the Comprehensive Debt Collection Improvement Act, a comprehensive package of provisions designed to weaken businesses’ debt collecting capabilities. This is another example of the growing, misguided belief that if we just ignore debt, it will simply go away without consequence. As bankers know, preventing debt collection will only undermine our credit markets, hurt small businesses, and ultimately make credit more expensive and less accessible for the Americans who need it most.

ever for businesses to lead with purpose.

Consumers are demanding it from the companies with which they do business — so much so that in its Retail Trends 2021 list, Deloitte said it expects purpose to be as disruptive in the next 10 years as digital has been in the past 10. Other research supports this statement: Brands recognized for high commitment to purpose have grown at more than twice the rate of others.

When it comes to the impact of culture on an organization, business visionary Peter Drucker sums it up best: “Culture eats strategy for breakfast.”

Marketing and Business Development are key cogs in the wheel of banking. How we handle those cogs is constantly changing. In community banking, more than possibly any other level of banking, face-to-face interaction remains paramount. “Know your customer” is something that I constantly preach to our staff. It is something I feel will never completely fade away in our business.