Pub. 1 2021 Issue 3

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.