Pub. 3 2023 Issue 1

As we turn the page to a new year, the innovation evolution continues. ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions tailored to their needs.

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

The Annual December Board Meeting was held December 12-13 at the MIBA Headquarters in Jefferson City, MO. The members were able to meet on the latest topics and also celebrate the holiday season. Thank you to MIBA’s newest Endorsed Vendor, VGM Forbin, for sponsoring the event.

As we enter 2023, our industry is faced with unprecedented risk management challenges amid rapid technological and competitive changes. Federal and state authorities have recently issued guidance to address paradigm-altering shifts such as climate change, artificial intelligence (A.I.), cryptocurrency, digital and mobile banking, credit models, data security, and more. Financial institutions should understand how these changes could affect their operating model and strategy.

VGM Forbin became an Endorsed Vendor of MIBA this past December. MIBA is pleased to welcome them and is excited about the web, tech, and marketing solutions they can provide community banks.

Mid America Bank Promotes Kremer and Wolfe to Assistant Vice President Mid America Bank announced the promotion of Mindy Kremer to AVP, Internal Auditor, and Kelli Wolfe to AVP, Operations Manager. Mindy Kremer has over 10 years of experience in the auditing and financial industry. In her role, Kremer is responsible for the overall internal

In the past few years, a record number of ransomware attacks have hit the banking industry. Banks, both large and small, continue to be prime targets for cybercriminals due to the large amounts of sensitive customer data they hold.

What’s your choice for the term of the decade so far (that is, other than COVID-19)? In the last three years, a number of expressions have come into fashion, some of which have been worn out, used out of context, and deemed to be a blight on our vocabulary by linguists. I’m sorry to say these may be around for a while. Here are a few:

The Beneficial Ownership Rules (BOR) issued by FinCEN were first proposed as part of the Bank Secrecy Act (BSA). FinCEN’s stated aim was to improve financial transparency and prevent criminals and terrorists from misusing entities to disguise illegal activities. The BOR became effective July 11, 2016 and made mandatory May 11, 2018.