September 18 2014

Volume 70, Number 9 • THE NEWSPAPER OF THE MISSOURI BANKERS ASSOCIATION • Thursday, September 18, 2014

The Missouri Banker

Visit our web site at www.mobankers.com

By Lori Ann BruceCommunications DirectorMBA

Missouri banks play a key role in determining the outcome of a potential merger that could be the fi rst of its kind for Federal Home Loan Banks in the United States.

Created by Congress in 1932, FHLBs are a set of cooperatives that fi nancial institutions use to fi nance housing and economic development in their local communities. There are 12 FHLBs in the United States, and each cooperative is owned by member fi nancial institutions.

Missouri is one of fi ve states that is a member of FHLB Des Moines, which recently announced it is in discussions to merge with FHLB Seattle. FHLB Seattle has members in eight states. The potential merger would bring together more than 1,500 members in 13 states. Members of both FHLBs will need to approve the merger.

Dale Oberkfell, executive vice president of Midwest BankCentre in St. Louis, serves as board chair of FHLB Des Moines.

Merger Seeks To Unite FHLBs Of Des Moines, Seattle

Dale Oberkfell

“The merger will not change how our members do business with the bank. Typical daily activities, such as borrowing funds or selling a mortgage, will remain the same,” Oberkfell said. “Over time, the merger transaction will have a positive impact because it will expand our footprint, grow our membership and ensure we remain relevant and have the resources to meet our members’ banking needs.”

A board member for the past eight years, Oberkfell has served in numerous capacities for FHLB Des Moines. For the last two years, he has served as board chair. It was during this time that Oberkfell and Richard Swanson, president and CEO of FHLB Des Moines, began to meet with their counterparts at FHLB Seattle to discuss how both organizations could come together to enhance services for their members.

“We examined the future of the organization and set principles for engaging in an exclusivity agreement,” Oberkfell said.

The exclusivity agreement was announced in late July, and it was briefl y discussed at MBA’s regional meetings

in August and September. Currently, the banks’ management teams are completing a comprehensive due diligence review and fi nalizing a defi nitive agreement for the potential merger. Oberkfell notes this agreement is the fi rst legal document of substance showing the details of the merger.

“There have been some discussions of other FHLB mergers in the past, but none have ever signed a defi nitive agreement,” Oberkfell said.

If FHLB Des Moines and Seattle were to sign a defi nitive agreement, it would most likely occur later this year.

Once the agreement is signed, the management teams would fi le an application with the Federal Housing Finance Agency

Federal Home Loan Bank Merger — Des Moines and SeattleThe map shows 13 states that would be affected by the merger.

If approved, the merged banks would have more than 1,500 members.

Source: Federal Home Loan Banks of Des Moines and Seattle

for regulatory review. FHFA Director Mel Watt has said the agency is “not opposed to the merger,” noting that it could make a stronger FHLB, according to a recent article in National Mortgage News. Once the FHFA completes its review, a vote to merge the FHLBs could go before both banks’ members early in 2015. If the vote’s outcome is in favor of a merger, the banks would set a merger date, which could potentially happen in second quarter 2015.

Oberkfell said this is an estimated time frame at the moment, noting that the dates are “if everything lines up and there are no hurdles.

“With each step of the merger process, our management teams and boards are looking to make sure we continue to provide the same excellent level

of service to our members that they receive today,” Oberkfell said. “It’s uncharted territory, but we’re up to the challenge because this is a worthwhile task to help our cooperative exist for another 80 years.”

Swanson will discuss the latest news with the FHLB merger at MBA’s Executive Management Conference that is scheduled Dec. 3-5 in Kansas City. Banking leaders who have questions about the merger may contact Oberk-fell at 800-894-1350 or Joe Stewart, CEO of Bank Star in St. Louis, at 636-257-2265. Stewart also serves on the board for FHLB Des Moines.

Page 2 The Missouri Banker September 18, 2014

Address ChangesSubmit address changes for The Missouri Banker to MBA, P.O. Box 57, Jefferson City, MO 65102, Attn: Database Manager or email [email protected].

The Missouri Banker573-636-8151

Max CookPublisher

[email protected]

Lori Ann BruceEditor

[email protected]

The Missouri Banker (USPS Number 000044, ISSN Number 0893-5637) is published 12 times a year (once a month) by the Missouri Bankers Association, 207 E. Capitol Ave., Jefferson City, MO 65101. Second-class postage is paid at Jefferson City, Mo. Copyright© 1998 by the Missouri Bankers Association. All rights reserved. POSTMASTER: Send address changes to The Missouri Banker, P.O. Box 57, Jefferson City, MO 65102. Opinions expressed in any signed article in The Missouri Banker are those of the author and should not be construed as the viewpoint of the editors or of the Missouri Bankers Association. Neither should information provided in The Missouri Banker be construed as legal advice. The Missouri Banker does not provide legal advice, nor does it take the place of legal counsel hired by fi nancial institutions. While this publication makes a reasonable effort to establish the integrity of advertisers, it does not endorse advertised products or services, unless otherwise so stated. This issue may contain legislative advertising. Advertising copy is generally segregated from news and other information.

Dan RobbChairmanMissouri Bankers Association

Chairman’s Corner

As bankers, we know that some of the best information we learn about our communities is when we step outside our doors. This holds true for our membership in MBA. I just wrapped up MBA regional

meetings throughout the state, and it was great to see so many fellow bankers attend these events. Touring the state for the regional meetings allowed me to enjoy some of the region’s fi nest cuisine. From Gates Bar-B-Q to Metropolitan Grill to Dalhousie Golf Club to Murry’s to McDonald’s to Crazy Bowls & Wraps, I never had to worry about lunch plans!

At each regional meeting, we discussed state and federal activities and heard from candidates running for the Missouri House and Senate. A big thank you goes out to the candidates and elected offi cials for taking time to attend the meetings. These types of contacts are invaluable as the fall elections draw near. If you have not already visited with the candidates in your community, I encourage you to do so. A big thank you also goes out to our sponsors that supported our event. And, thank you to the bankers who attended and all bankers in the state for fi ghting the good fi ght!

Speaking of fi ghting the good fi ght, activity that seeks relief from fl awed implementation of Basel III continues. MBA recently issued a letter to the federal banking regulators advocating a simple solution to the S-corp bank issue. The simple solution is that discre-tion should remain vested in the S-corp bank’s board of directors to pay a limited dividend at least equivalent to the C-corp tax liability to offset the pass-through tax liability of shareholders. I urge all Missouri bankers

to share their concerns with the Federal Reserve System, FDIC (Federal Deposit Insur-ance Corporation) and OCC (Offi ce of the Comptroller of the Currency), as well as with their U.S. senators and representatives.

MBA’s research shows that the Basel III committee expressly rejected a restrictive application of the “capital conservation buffer” because the buffer was not intended as new minimum capital requirement. The position taken by U.S. banking agencies — the Federal Reserve, FDIC and OCC — confl icts with the intent of the Basel III committee because it treats the buffer as a minimum capital requirement with automatic sanctions and restrictions on a bank’s board and management. The FDIC’s recent FIL 40-2014 was intended to provide limited relief to S-corp banks, but it only confi rms that the agencies are applying the capital conservation buffer as a new minimum capital requirement contrary to the intent of the Basel committee.

The regulatory scheme also appears to violate due process rights under the Fifth and 14th Amendments of the U.S. Constitution. Falling into the capital buffer zone triggers automatic sanctions on the bank, with no notice from the agency and no opportunity to respond and be heard. Bank shareholders are deprived of liberty and property with no due process.

One need only contrast the arbitrary sanctions and restrictions that are imposed when a bank

falls into the “capital conservation buffer” with the due process accorded under Section 38 of the Federal Deposit Insurance Act requiring prompt corrective action when a bank is undercapitalized. Here Congress expressly authorized the agencies to establish minimum capital levels and steps, actions and limitations to be taken to preserve and rebuild capital. Under the FDIC’s implementing regulations at 12 CFR Part 325.6, the FDIC has established expedited procedures consistent with congressional intent to issue “directives” that have the effect of a cease and desist order when a bank is operating below the required capital requirements. Before the directive is formally issued, the FDIC is required to issue notice to the bank that provides the bank with an opportunity to respond. Ultimately, the directive can be enforced (and tested) in federal district court. Although these procedures are expedited to refl ect the urgency for action, this scheme does provide due process.

In contrast, falling into the capital conservation buffer, which was not even intended to establish a minimum capital requirement, triggers automatic sanctions on a bank, with no review and no notice.

Missouri has more than 120 S-corp banks. The S-corp option is critically important to the diversity of banking. S-corp status means that a small group of investors can cost effectively capitalize a bank in their own community focused on meeting the

needs of that particular community. The diversity of banks and markets in the United States is an important counterbalance to the risks presented by large, systemic global fi nancial institutions. The banking agencies have not prohibited C-corp banks from paying state and federal taxes when operating within the capital buffer. Likewise, S-corp banks should be able to pass through a dividend to their shareholders equivalent to the bank’s corporate tax liability that passes through to the shareholders.

In a few weeks, many of us will be sharing the burdens caused by Basel III with Missouri’s congressional delegation and federal regulators during MBA’s visit to Washington, D.C., on Sept. 29 to Oct. 2. Just as we connected with state candidates at our regional meetings, the trip to our nation’s capital is critically important in helping our U.S. senators and representatives understand how federal regulations are hindering our services to our communities. If you are not making the trip, I urge you to contact your senators and representatives and our regulators to express your concerns with these issues. Again, these interactions help to unite our efforts as we strive to provide excellent service to our communities.

Keep fi ghting the good fi ght!

MBA Urges Relief Action For Sub-S Banks

Page 3The Missouri Banker September 18, 2014

Paid Advertisement

Lobbyist’s Update

Craig OverfeltMBA Senior Vice [email protected]

The annual veto session of the Missouri General Assembly was held Sept. 10, and it will be remembered and written about for many years. Year after year, veto sessions didn’t amount to much because the General Assembly only met for a few hours. In the modern era, there were just a few pieces of legislation that were voted into law over the objections of either Democrat or Republican governors.

On Sept. 10, the Republican super majority and the Democrat governor’s own party teamed up to override 10 bills and 47 line-item

budget vetoes — that’s 57 override votes. No one has ever seen a governor’s own party cast this many votes against a governor in a veto session. One newspaper headline declared the action a pummeling of the governor.

There is speculation, of course, about how the next two years will unfold between Gov. Nixon and the Republican-controlled legislature, and the relationship between the governor and his own party. Many are urging cooperation and a better working relationship as the legislative session is being conducted.

If we’ve learned anything the last few years, it is to expect the unexpected.

I was reminded of a quote from Winston Churchill about democracy — it’s “the worst form of government, except for all those other forms that have been tried from time to time.”

MBA worked to override the veto of the omnibus agricul-ture bill. Unfortunately, the override vote in the House came up one vote short. The bill received 108 votes. It takes 109 votes for an over-ride to be successful. It was not a party-line vote — many

Democrats voted yes, and many Republicans voted no.

For the most part, the vote failed because of the controversy over regulation of captive deer farms.

Lawmakers have pledged to quickly pass the noncontroversial provisions next session. One of those would be the MBA-supported provision on agricultural land loans.

MBA’s political action committees met last week and made decisions on contributions for candidates

for the November 2014 general election.

The requests for contributions from candidates are nonstop. Fundraising for the 2016 election has already begun, with many candidates calling about their 2016 race for the Missouri Senate or statewide offi ce.

I hope all bankers will consider a contribution to the MBA PACs. It truly is an investment in the future of your bank and the industry.

2014 Veto Session Is One For The Ages

In today’s competitive retail loan market, every deal is more important than the last and can lead to the next. That’s why MIB is all-in when it comes to supporting your participation loan needs.

The way we do business helps you do more business. So the next time you have to say ‘no’ because of capital requirements, consider saying ‘yes’ to MIB.

One Source. One Call. | 1-800-347-4642 | mibanc.com

WHEN IT COMES TO PARTICIPATION LENDING

ALL-INWE’RE


Paid Advertisement

Titling Tips

Call

Paula Hansen

at 800-234-4939

Let Missouri Bankers Insurance Services help you with all of your health and life

insurance needs.Medical Dental

Long Term CareLife & Additional LifeLong Term Disability

Felonious AssaultGroup & Individual Accident

VisionCancer

Talk to Paula today!

By Linda PetersenManagerMBA Title Service

New legislation that became law Aug. 28 changes the defi -nition of all-terrain vehicles, recreational off-highway vehicles and utility vehicles. The following summarizes the changes.

ATVs, Recreational Off-Highway Vehicles and Util-ity VehiclesHouse Bills 1735 and 1618 change the defi nition of ATVs, recreational off-highway vehicles and utility vehicles to the following.

• An ATV is any motorized vehicle manufactured and used exclusively for off-highway use that is 50 inches or less in width, with an unladen dry weight of 1,500 pounds or less, traveling on three, four or more nonhighway tires. This will include some previously untitled

New Law Changes Defintions For ATVs, UTVsvehicles with side-by-side seats and driven with a steering wheel.

Previously, ATVs were defi ned to include a strad-dled seat, or with a seat designed to carry more than one person, and handlebars for steering control. These character-istics have been removed from the defi nition.

• A recreational off-high-way vehicle, a UTV, is any motorized vehicle manufactured and used exclusively for off-high-way use that is more than 50 inches but no more than 67 inches in width, with an unladen dry weight of 2,000 pounds or less, traveling on four or more nonhighway tires and may have access to ATV trails. Recreational off-highway vehicles are still not titled.

Previously, recreational off-highway vehicles were defi ned as 64 inches or less in width with a non-straddled seat and steering wheel.

• A utility vehicle, also a UTV, is any motorized vehicle manufactured and used exclusively for off-highway use that is more than 50 inches but no more than 67 inches in width, with an un-laden dry weight of 2,000 pounds or less, traveling on four or six wheels, and is used primarily for landscaping, lawn care or maintenance purposes. These are still not titled.

Previously, utility vehicles were 63 inches or less in width with an unladen dry weight of 1,850 pounds.

These changes may create a situation where an off-road vehicle previously defi ned as a recreational off-highway ve-hicle or utility vehicle is now

defi ned as an ATV. ATVs are titled with the Missouri De-partment of Revenue. Bank-ers may have fi led a UCC on these vehicles previously and now will fi le a Notice of Lien. (DOR Form 4809 is available at www.dor.mo.gov/forms/4809.pdf.)

If a customer buys or sells a used ATV that was a nontitled vehicle before Aug. 28, 2014, the seller must provide the purchaser with a notarized bill of sale. There would be no previous title. The law specifi cally allows the Depart-ment of Revenue to accept a notarized bill of sale for proof of ownership in this limited circumstance. The notarized bill of sale is provided to the Department of Revenue by the purchaser when applying for title and registration and pay-ing taxes to the department. If a certifi cate of title was previously issued for the unit, a notarized bill of sale will not be accepted.

Recreational off-highway ve-hicles and utility vehicles still do not require titling or regis-tration. Dealers will continue to collect tax on these types of vehicles at the time of sale, and lenders will continue to fi le a UCC to protect the liens.

For more information, contact Linda Petersen, manager, or Joyce Vaught, title service specialist, with MBA Title Services at 573-636-8151, [email protected] or [email protected].

Want to learn more about

new 2014 state laws affecting banks? Visit

mobankers.com to review the

latest changes.

By Chuck LewisVice PresidentCompliance Services

A CEO of a Missouri commu-nity bank recently bemoaned the fact that I never shared any good news with him. I re-alized working in the world of banking compliance, he had a point. So I straightened up and responded with, “Here’s some good news; I recently lost 10 pounds!” He stared at me a minute and said, “Turn around, I think I found them!”

Many is the time that I wish when it comes to the deadline for my monthly article, I’d have no regulatory “upcom-ings,” no recent compliance horror story or no did-you-remember-to-check-that-box scenario. Well, that won’t be happening this time either. In between all the QM (qualifi ed mortgage), the compensation and other Dodd-Frank hap-penings, other compliance situations are developing.


So this month, I’m going to turn around from the Ability-to-Repay and the spousal guarantee risks to share a few other compliance “tonnage” you might have missed!

Culture of Compliance — The Financial Crimes Enforcement Network’s recent guidance was sent to all fi nancial institutions in early August. The advisory was in response to concerns based on recent civil and criminal enforcement actions. The advisory stresses the importance of how a culture of compliance is critical to compliance with the Bank Secrecy Act. The intent of the advisory was to illustrate how “… fi nancial institutions and their leadership may improve and strengthen organiza-tional compliance with BSA obligations.” The advisory details six areas that should be addressed by each bank “[r]egardless of its size and busi-ness model …” In brief, these

areas are as follows.

1. Leadership actively sup-ports and understands BSA/AML (anti-money laundering) compliance efforts.

2. Efforts to manage and mitigate BSA/AML defi -ciencies and risks are not compromised by revenue interests.

3. Relevant information from the various departments within the organization is shared with the compliance staff to further BSA/AML efforts.

4. The institution devotes adequate resources to its compliance functions.

5. The BSA/AML compli-ance program is effective by, among other things, ensuring it is tested by an independent and compe-tent party.

6. Institution leadership and staff understand the pur-pose of BSA/AML efforts.

There is no question that all examining agencies will now be gearing up to focus on your BSA/AML culture of compliance. So if you have a BSA exam scheduled in the upcoming months, down-loading FinCEN’s advisory FIN-2014-A007 might not be a bad idea! (www.fi ncen.gov/statutes_regs/guidance/pdf/FIN-2014-A007.pdf)

Flood Insurance — Have you ever witnessed the compassionate crowds wait-ing for a retailer to open at 5 a.m., or earlier, on Black Friday right after Thanksgiv-ing? That image seems to be of us bankers trying to gather some information about all the changes to fl ood cover-age, premiums and escrow-ing. Recently, FEMA (Fed-eral Emergency Management Agency) was overheard stat-ing it would be focusing its attention on fl ood agents and customers and not directing any emphasis or assistance to fi nancial institutions. Then to add to the storm clouds, the regulatory agencies recently sent a response to the ABA (American Bankers Associa-tion) indicating that although they will continue to provide guidance on federal fl ood insurance matters over which they have jurisdiction, they will not be issuing guide-lines to replace the recently discontinued “Mandatory Purchases of Flood Insur-ance” manual from FEMA. It seems that because FEMA is the agency that administers the National Flood Insurance Program, it is the one that should be providing guid-ance. And, because FEMA has stated it won’t be provid-ing guidance, what exactly is it that banks should be doing?

Number one, do not think your loan department should cease ordering fl ood determi-nations on loans secured by

Just Turn AroundCompliance Update

real property; quite the con-trary. Now is the time to verify your loans in Special Flood Hazard Areas are properly insured, have adequate cover-age and, if force-placement is an issue, make sure your loan ops people are following the early warning letters and the 45-day notice rules on policy expirations. Secondly, con-fi rm that the loan department is promptly ordering fl ood determinations on applica-tions involving real property. Much of the Biggert-Waters Act involving the mandatory escrowing of fl ood insurance premiums has been delayed, but other provisions are in effect, including the increase in multifamily coverage to $500,000. Pay attention to further developments in this because it appears we’re on a raft alone right now!

Finally, we’re a little less than a year from the implemen-tation date for the integra-tion of RESPA (Real Estate Settlement Procedures Act) and Truth-in-Lending docu-ments for real estate loans. This integration will result in a complete revamping (again) of all “early” disclosures, along with the elimination of most of RESPA’s exclusions. We involved with compliance activity at MBA are already working on educational mate-rial to provide to our mem-bers in a series of seminars slated to begin in 2015. Watch for information about these seminars in upcoming MBA material.

MBA Compliance Services and its Compliance Force program offer various services to aid banks with compliance needs, including on-site education, in-bank training, compliance and loan reviews.

For more information, contact Carol Barnett, MBA senior vice president of compliance services, at 573-636-8151 or [email protected].

BOSC, Inc. is pleased to welcome Vice President and Investment Sales Officer, Wesley Rothove. With more than 10 years of fixed income experience, Wesley brings extensive experience in asset/liability management and debt security analysis.

BOSC, Inc. is backed by BOK Financial Corporation, a $28 billion financial services holding company, so you’ll have access to the resources of a strong financial organization along with the professional insights and attention of a Missouri-based team.

Wesley Rothove, VP, Investment Sales Officer | [email protected] | www.boscinc.com

© 2014 BOSC, Inc. Securities offered through BOSC, Inc., a registered broker/dealer, member FINRA/SIPC and a subsidiary of BOK Financial Corporation. Advisory services offered through BOSC, Inc. dba BOK Financial Advisors, an SEC registered investment adviser. Investments and insurance are not insured by the FDIC; are not deposits or other obligations of, and are not guaranteed by, any bank or bank affiliate. All investments are subject to risk, including possible loss of principal.

Wesley Rothove Joins BOSC, Inc.

Paid Advertisement


Paid Advertisement

Who Should AttendFinancial institutions’ CEOs, CFOs, investment officers, board members, and those who are directly or indirectly responsible for f inancial management functions will benefit from this seminar. There is no cost for this seminar.

CPE credits will be earned for your attendance.

AgendaThursday, October 16

Golf and Dinner included

Friday, October 17Breakfast, Seminar, and Lunch

RegistrationRegister online at GoBaker.com/seminars. For more information, call Skoshi Heron at 888.990.0010.

Featured SpeakerJohn Ryding is the Chief Economist and a founding partner of RDQ Economics LLC—a New-York based independent macroeconomic consulting, advisory, and research firm. John formed RDQ Economics with Conrad DeQuadros following the merger of Bear Stearns and JPMorgan in 2008. Prior to the merger, John was the Chief U.S. Economist for Bear Stearns.

October 16-17, 2014Oklahoma City, Oklahoma

The Skirvin HiltonOne Park AvenueOklahoma City, OK

Winning the Performance Challenge

Member: FINRA and SIPC www.GoBaker.comOklahoma City, OK | Austin, TX | Birmingham, AL | Indianapolis, IN | Salt Lake City, UT | Springfield, IL | 800.937.2257The Baker Group LP is the sole authorized distributor for the products and services developed and provided by The Baker Group Software Solutions, Inc.

As the economic environment transitions into a new phase, bank managers must gear up to meet new challenges and opportunities. Achieving high performance in a fast-changing environment requires powerful tools, techniques, and processes to find the optimal balance between risk and reward. It also requires a partnership with proven winners.

The Baker Group’s Interest Rate Risk and Investment Strategies Seminar is developed specifically for managers of financial institutions. Designed for high performance, it is an in-depth examination of current topics.

Interest Rate Risk and Investment Strategies Seminar


We all know there’s no issuing a home loan without the proper guarantee the home is adequately insured. But, what if it isn’t?

Mortgage protection insurance is a necessary risk management tool for community banks that protects a vital portion of their balance sheet and an area of a bank’s operation that happens to have unique exposure to common, and forgivable, human error.

At Missouri Bankers Insurance Services, we often explain mortgage protection insurance as a very specialized errors and omissions policy.

With a mortgage protection policy, a community bank is effectively ensuring that it will not have to spend

the revenue it generates on a loan to protect against an error in not securing or failing to act upon a notice involving the borrower’s homeowners’ policy.

However, a comprehensive mortgage protection policy does more than protect against a lender’s own errors and omissions.

What if a homeowner lets the policy lapse? The mortgage crisis brought that circumstance to the fore. Owners were walking away from their homes in spades when they realized they were underwater. Often, they were advised to simply stop paying their mortgages. In the process, they walked away on their homeowner’s policy, as well.

So, who is responsible for protecting the property in the time that it takes homeowners to stop paying their mortgages to the time they actually vacate their homes? In some cases, that involves a period of several months — plenty of time for lightening to strike or a tornado to roll through town.

That scenario leads to another core benefi t of mortgage protection policies.

Banks that carry comprehensive coverage no longer need to force-place a policy on a home with lapsed or insuffi cient coverage. The mortgage protection policy will do that for your community bank, effectively replacing the force-placement process, which can be costly to administer

(844) 546-7034 www.MyMBIS.com

MOTHER NATURE CAN HIT AT ANY TIME...

FIND OUT YOUR REPLACEMENT COST VALUE... BEFORE IT’S TOO LATE

ARE YOU COVERED?

Paid Advertisement

and oversee for a smaller banking operation.

“Blanket” mortgage protection policies can be revenue generators for smaller, locally owned banks from the money saved in manpower alone, as the effort to track all of the policies associated with a bank’s portfolio is a substantial responsibility. Larger lending institutions have the resources to commit internal manpower specifi cally to the cause, a luxury few community banks can claim.

A sound blanket policy also helps lenders cover their bases for the commercial properties they acquire through foreclosure, many of which have complicated and unique risk portfolios that require specifi c policies and expertise to write them.

Those commercial businesses that don’t have the specifi c policies they need after a bank acquires them leave the lending institution susceptible to more errors and omissions — liabilities covered by a mortgage protection policy.

Another value-add is the fact that properties can be added and subtracted from a policy as banks acquire and then offl oad them. That gives community banks the piece of mind of knowing they don’t have to buy six months worth of protection for a foreclosed property that they intend to immediately sell.

Without mortgage protection, banks are routinely paying premiums on properties they no longer hold.

Is Mortgage Protection Insurance Right For You?

(continued on Page 10)


“Leadership and learning are indispensable to each other.”

This quote from President John F. Kennedy best de-scribes the nine nominees for the 2014 Young Bankers Leadership Award. Through their own style, these bank-ers have left a lasting mark on their communities. The Young Bankers Leader-ship Award recognizes the outstanding achievement of a Missouri banker age 45 or younger who is employed by an MBA-member bank. The winner will be honored Oct. 16 at the Young Bank-ers Leadership Conference at Tan-Tar-A Resort in Osage Beach. The following shows how learning and leadership contribute to the nominees’ growing success.

Matthew DrakeCommunity Bank PresidentFirst State Bank and Trust CompanySikeston

Matt Drake began his bank-ing career in 2004 as a cus-tomer service representative. In 2007, he joined First State Bank and Trust Company in Sikeston as a credit analyst and quickly moved to se-nior commercial loan offi cer, managing the bank’s largest and most complex credits and assisting other lending offi cers with oversight of their portfolios. Drake was promoted to community bank president in June 2013 and has grown the bank’s mar-ket share and profi tability through his work ethic and commitment to customer service.

After earning a fi nance degree from Missouri State

Matthew Drake

Leadership, learning define the nine nominees University in Springfi eld, Drake interned full time with Missouri State Sen. Jon Dolan. Through this experi-ence, Drake saw fi rst-hand the vital role that constitu-ent involvement plays in the legislative process. He com-pleted the Graduate School of Banking at Louisiana State University in 2013.

Drake is a member of several community organizations and has served on their boards, including the Sikeston Area Chamber of Commerce and Sikeston Jaycees. He was named the Jaycee Outstand-ing Young Missourian in 2012, an honor given to individuals who have demon-strated outstanding commu-nity service.

Craig DunnSenior Vice President, Regional Commercial ExecutiveMetropolitan National BankSpringfi eld

Opportunities during the last 20 years have prepared Craig Dunn for the next phase in his banking career. From his origins as a credit ana-lyst, Dunn’s drive and passion for banking was quickly rec-ognized. In April 2012, he joined Metropolitan National Bank in Springfi eld as a senior vice president, commercial loan offi cer and has been instru-mental in strengthening the company’s loan portfolio. Dunn was soon promoted to senior vice president, regional commercial execu-tive, where he oversees the Springfi eld commercial lend-ing team and mentors team-mates to help them achieve their own career goals.

In 2008, Dunn was appointed to MBA’s Young Bankers Leadership Board, where he helped create a program to enhance the professional development of Missouri’s young bankers and prepare them as the industry’s next generation of leaders.

A graduate of Missouri State University in Springfi eld, Dunn earned a master’s de-gree in 1999 from Southwest Baptist University in Bolivar and completed the Graduate School of Banking Univer-sity of Wisconsin-Madison in 2006. Among his volunteer activities, Dunn serves on the Child Advocacy Center Board and was named a “40 Under 40 Honoree” by the Springfi eld Business Journal in 2009.

Michael GarnerVice President of Commercial Banking UMB BankSt. Louis

Michael Garner considers an early leadership “assign-ment” as a foundational moment that has shaped his leader-ship style. In his early 20s, Garner was identifi ed to serve as an offi cial lender at a UMB Bank in Springfi eld as bank leaders searched to fi ll the position permanently. This responsibility helped Garner to set his own leadership style that continues today in his approach to mentoring associates and encouraging teamwork.

Garner joined UMB’s offi ce in St. Louis in 2011. As vice president of commercial banking, he develops new commercial business, main-tains customer relationships and identifi es innovative

ways to strengthen business. Garner has excelled in his role at UMB. In 2006, Gar-ner received UMB’s Rookie of the Year Award and the inaugural Doug Page Man-agement Rotation Program Award for excellence in com-mercial credit.

Garner leads by example with his involvement in community organizations, including the Cardinal Glen-non Development Board, Families Run for Ovarian Cancer and Partnership for Sustainability.

Kelly GilbertMarket President Equity BankWarrensburg

Throughout her banking career spanning more than two de-cades, Kelly Gilbert has developed a strong camarade-rie among colleagues. She began her career in 1991 as a loan review analyst for Commerce Bancshares in Kansas City. In 2007, she joined US Bank in Warrens-burg as a market president, where she managed com-mercial loan portfolios for the Warrensburg and Clinton markets. In May 2013, Kelly became market president for Equity Bank in Warrensburg, where she supervises the commercial loan portfolio, which includes managing an existing loan portfolio, main-taining ongoing business development and supervising commercial lending staff.

A veteran Ironman triathlete, Gilbert serves in various capacities for local organiza-tions. She is a board mem-ber of the Johnson County Board of Services, which

Craig Dunn

Michael Garner

provides social services to developmentally disabled citizens, and serves on the advisory board for University of Central Missouri Finance Department. Gilbert received her master’s degree from the University of Missouri and completed the Graduate School of Banking at Louisi-ana State University in 2002.

Joshua SachsAssistant Vice PresidentBank StarPacifi c

Joshua Sachs has found his niche in the banking com-munity since joining Bank Star in Pacifi c in 2011. As an account-ing man-ager, Sachs supervised the book-keeping/accounting department, accounts payable, wire transfers and audit preparation, among other responsibilities. When he became an assistant vice president in 2013, Sachs began to focus on commer-cial lending. He enjoys the “number crunching” and the behind-the-scenes work that goes into lending, along with meeting new customers and building relationships.

With his involvement with the Pacifi c Area Chamber of Commerce Board of Direc-tors, Sachs has been instru-mental in teaching children and teens about savings and fi nancial literacy.

A graduate of the University of Missouri in St. Louis, Sachs earned a master’s degree in business adminis-tration from Missouri Bap-tist University in Bolivar in 2013. He currently par-ticipates in MBA’s Banking Leadership Missouri program.

Kelly Gilbert

Joshua Sachs


ActionsA certifi cate of authority was issued to Corner Stone Bank in Southwest City granting permission to estab-lish and maintain a separate branch at 207 Highway W in Pineville.

The acting state fi nance commis-sioner issued an order declaring the acquisition of 80 percent of the

voting shares of Concordia Banc-Management Inc. in Concordia and Concordia Bank of Concordia by Northern Missouri Bancshares Inc. in Unionville to be lawful under Sec-tion 362.915, RSMo 2008.

A certifi cate of authority was is-sued to Great Southern Bank in

Reeds Spring granting permission to establish and maintain a separate branch at 3200 S. Providence Road in Columbia.

Reliance Bank in Des Peres re-turned for cancellation a certifi cate of authority that authorized a separate branch at 30 N. Brentwood Blvd. in

Clayton. The bank discontinued op-eration of this branch Aug. 29, 2014. Certifi cate of Authority No. 3275 is considered to be null and void.

Bank of St. Elizabeth has requested permission to establish and maintain a separate branch at 3855 Osage Beach Parkway in Osage Beach.

for the 2014 Young Bankers Leadership AwardChris SchrimpfSenior Vice Preisdent and Commercial Loan Offi cerHawthorn BankJefferson City

In today’s business world, it is rare to fi nd an individual who has grown through the company’s ranks. Chris Schrimpf has accomplished this at Hawthorn Bank in Jefferson City. He began his career as a courier/messenger in 1991 and now serves as a senior vice presi-dent and commercial loan offi cer, a position he has held since October 2013.

A 1998 graduate of Columbia College, Schrimpf graduated from the Missouri Bankers School of Lending in Co-lumbia in 1999. In 2006, he graduated from the American Bankers Association Gradu-ate School of Commercial Lending at Southern Method-ist University in Dallas and completed the GraduateSchool of Banking at the University of Wisconsin-Madison in 2011.

Schrimpf currently serves as a board member on the Jefferson City Area Chamber of Commerce. A mentor for children in the community, Schrimpf has served on the board for the Missouri Val-ley Big Brothers Big Sisters since 2000.

Chris Schrimpf

Becky SimpsonVice President and Marketing DirectorFirst Community National BankSteelville

Like most young profession-als, Becky Simpson set goals to accomplish the skills she needed to excel in her job. She joined First Community National Bank in Steelville in June 2003 and was soon promot-ed to vice president and market-ing director in Novem-ber 2003. In this role, Simpson manages the bank’s website and social media activity, oversees customer communications, produces publications, develops new products and coordinates events, among other respon-sibilities. In all these efforts, Simpson strives to improve effi ciency and increase the professionalism of the bank to its customers.

An active leader in commu-nity organizations, Simpson is serving her second term as the chair of the Crawford County University of Mis-souri Extension Council. An 11-year member of the Steelville Area Chamber of Commerce, she also volun-teers with the Steelville Arts Council.

Simpson received her bach-elor’s of business administra-tion from Evangel University

in 1998. She graduated from MBA’s Banking Leadership program in 2010. Simpson recently completed a three-year term as a board member of MBA’s Young Bankers Leadership Division.

Adam TrowerVice PresidentCommunity State Bank of MissouriBowling Green

Adam Trower began his career at Community State Bank of Missouri in Bowling Green in 2006. Earlier on, he was given opportunities to work on various projects covering multiple areas of the bank. In doing so, he quickly understood how valu-able team-work would contribute to the bank’s success. He currently manages a loan portfolio for commercial, agriculture, residential and consumer loans, as well as leading the implementation and staff training of a bank-wide reporting system.

Trower is a graduate of Saint Louis University and the Barret School of Banking in Memphis, Tenn. In addi-tion, he completed MBA’s Banking Leadership program and has served on the board for MBA’s Young Bankers Leadership Division, where he recently completed a term representing the division on the MBA Board of Directors.

Becky Simpson

Among his numerous com-munity activities, Trower has served on the boards for the University of Mis-souri Extension Council for Pike County, Bowling Green Lions Club and Pike County Home Health and Hospice. In addition, he speaks with students at area schools about career opportunities, fi nancial responsibility and savings.

Tracy WardVice President United Bank of Union

Tracy Ward’s banking career took a slight detour that led her to where she is today — vice president at United Bank of Union. After start-ing her career at the Bank of Sullivan, Ward returned to the classroom as a business education teacher at Sullivan High School. This experi-ence would serve Ward well in her responsi-bilities at United Bank of Union. She organized the bank’s fi nan-cial education program and developed a training program for staff participating in the bank’s visits to seven local schools. This past school year, 17 bank employees volunteered to teach fi nancial lessons in 67 classrooms to more than 1,900 students, from kindergarten to high school seniors.

The bank’s presence in com-munity activities is shown

Adam Trower

through efforts spearheaded by Ward. She has conducted presentations on identify theft for adults and coordi-nated bank sponsorships at high school athletic events.

Ward received her degree from Southwest Missouri State University in Spring-fi eld and her Missouri teach-ing certifi cate from Central Methodist College in Union. A member of MBA’s Young Bankers Association, Ward will begin serving a three-year term on the Woman’s Banking Committee and the Board of Trustees for Bank-ing Education for MBA.

The 2014 Young Bankers Leadership Conference will be held Thursday and Friday, Oct. 16 and 17, at Tan-Tar-A Resort in Osage Beach. The conference’s keynote speaker is David Kohl, Ph.D., pro-fessor emeritus at Virginia Tech in Blacksburg. He will discuss global and domestic economic trends infl uencing strategic and daily decision-making for bankers and lenders, as well as how to use dashboard economic to help discern trends for staying ahead of the competition.

For more information and registration materials, visit mobankers.com.

Tracy Ward


By Bruce Meister and Fred MarkwellBKD LLP

In recent years, several court disputes have focused on the ownership of tax refunds generated on a consolidated group’s federal and state income tax returns for bank and holding company con-solidated income tax returns. In response to the mixed outcomes of these cases, the federal banking agencies recently approved an ad-

dendum to the interagency policy statement on income tax allocation in a holding company structure. This is available at https://www.fdic.gov/news/news/fi nan-cial/2014/fi l14030.html.

The addendum supplements and clarifi es the 1998 Inter-agency Policy Statement on Income Tax Allocation in a Holding Company Structure, which is available at https://www.fdic.gov/regulations/laws/rules/5000-5000.html.

The agencies’ position is that bank holding companies and banks have an “agency” relationship as it relates to income tax refunds and not a “debtor-creditor” relation-ship, which could negatively affect a bank if its holding company was in bankruptcy.

The principal goal of the addendum is to protect the insured fi nancial institutions’ ownership of their income tax refunds. The agencies want insured institutions to have a right to refunds claimed on both the consoli-dated group’s current year tax returns and tax returns claim-ing a refund for net operating losses carried back to previ-ous years.

The agencies issued this joint addendum requiring bank holding companies and banks to amend their tax-sharing agreements to comply with the new guidelines. The addendum includes sample language that will be part of the amended tax-sharing agreements. Institutions should review their current tax-sharing agreement as

Guidance Focuses On Tax-Sharing Agreements

Paid Advertisement

soon as possible to determine what revisions are required because the addendum is expected to be fully imple-mented no later than Oct. 31, 2014.

The addendum indicates all consolidated groups should amend their tax allocation agreements to include the following paragraph or sub-stantially similar language.

“The [holding company] is an agent for the [insured depository institution and its subsidiaries] (the “Institu-tion”) with respect to all matters related to consoli-dated tax returns and refund claims, and nothing in this agreement shall be construed to alter or modify this agency relationship. If the [holding company] receives a tax re-fund from a taxing authority, these funds are obtained as agent for the Institution. Any tax refund attributable to in-come earned, taxes paid, and losses incurred by the Institu-tion is the property of and owned by the Institution, and shall be held in trust by the [holding company] for the

benefi t of the Institution. The [holding company] shall for-ward promptly the amounts held in trust to the Institu-tion. Nothing in this agree-ment is intended to be or should be construed to pro-vide the [holding company] with an ownership interest in a tax refund that is attribut-able to income earned, taxes paid, and losses incurred by the Institution. The [holding company] hereby agrees that this tax sharing agreement does not give it an ownership interest in a tax refund gener-ated by the tax attributes of the Institution.”

Editor’s Note: This informa-tion was written by BKD. However, applying spe-cifi c information to your situation requires careful consideration of facts and circumstances. Consult your advisor before acting on any matter covered in this article, which has been reprinted with permission from BKD LLP, www.bkd.com. All rights reserved.

(continued from Page 7)

Mortgage protection insurance offers reassurance

In a perfect world, precise policies are always administered, borrowers never let their insurance lapse, bankers never experience a gap in coverage in the foreclosure process, and community banks know which policies apply to the complicated commercial businesses they are forced to takeover.

Wouldn’t it be nice? But, that’s not the world we live in, and it’s not the world where our community banking clients, who must always be conscious of those they serve, live either.

It’s our experience that far too many banks ignore

sound mortgage protection insurance as a way to control their premium costs. In the end, the effort to save some money only ushers in greater liability and costs.

MBIS fully understands the delicate balancing act. Controlling risk management costs without overexposing can sometimes seem an impossible balance to strike, but the fact is it’s not impossible. Mortgage protection insurance protects the most vital component of most community banks’ businesses.

It’s to be dismissed at a bank’s peril. Discuss the real protections and value-adds of

a mortgage protection policy, and don’t presume that the proper balance can’t be achieved. Because at MBIS, we know it can.

Editor’s Note: This article was prepared for MBIS. To learn more about mortgage protection insurance or other products available from MBIS, contact Jason Bauer, FI specialist, director with MBIS, at 844-546-7034 or [email protected].


(800) 498-8877 bankonitusa.com

More top performing banks improve their efficiency ratio by using cloud computing than ever

before.

Will Your Bank Be A Top Performing Bank In 2014?

BankOnIT’s Bankers Private Cloud eliminates the need to buy servers and hire technical staff,

helping bankers get the most return possible out of every technology dollar spent. Ask us about

our clients that are among the nation’s top performing banks.

Discover extraordinary results for yourself at www.bankonitusa.com.

BankOnITUSA®

Paid Advertisement


AchievementsCindy Bradford, assistant vice president and banking services manager for Landmark Bank Banking Centers in Mountain View and Birch Tree, received a degree from the Graduate School of Banking in Boulder, Colo. This 25-month program provides senior management and leadership education for community-banking professionals.

David B. Warning and Mark L. Wolz have joined the commercial lending team at Midwest BankCentre in St. Louis. Warning will serve as a regional vice president. He has spent more than 20 of his 32 years in banking serving businesses and previously was a managing director of BMO Harris Bank. Wolz will be president over commercial activities. A 14-year banking veteran, Wolz is a former vice president of business banking at Commerce Bank.

Cindy Bradford

Sheila Noll, executive vice president and chief operations offi cer for Midwest Independent Bank in Jefferson City, was selected to the Alumni Advisory Board at the Graduate School of Banking at Colorado. A 2005 GSBC graduate, Noll is one of 10 graduates selected to help direct GSBC programming and alumni initiatives.

Branson Bank has promoted four staff members. Halley Fleming, vice president of marketing, leads the bank’s marketing and comunication efforts. She is responsible for defi ning and executing the marketing strategy set by the board of directors. Scott Ford, vice president of information technology, manages the networking and software infrastructure of the bank and provides state-of-the-art technology for customers, colleagues and shareholders. Paul Rice, vice president of retail operations, is responsible for debit card operations, online banking, product development, courier banking, general retail bank

operations and security. Tim Scott was promoted to senior vice president of commercial lending. He will continue to manage the Falls Parkway bank location while working as a commercial lender.

First State Bank of St. Charles has named Luanne Cundiff as bank president. Cundiff has served in various capacities within First State Bank for the past 19 years, most recently as executive vice president.

Mark G. Delcourt was named president of Citizens National Bank-St. Charles Banking Center. He has been banking small- to medium- sized businesses in the St. Charles and St. Louis area for the past 10 years.

Simmons Bank recently appointed Travis J. Liebig as St. Louis community president. In April 2014, he joined the bank as commercial banking division manager for the St. Louis market. Liebig has more than 15 years of fi nancial services experience in the St. Louis market.

Tisha Harmon has been promoted to banking center manager, retail offi cer of Empire Bank’s Highlandville facility. She is responsible for managing the branch retail operations and business development of the banking center. She has more than seven years of banking experience and has been with Empire Bank for two years.

Matt Meadows joined Metropolitan National Bank as its business development offi cer for the Tri-Lakes region. In this role, Meadows will be instrumental in cultivating existing relationships within the community and establishing opportunities for new

David B. Warning

Halley Fleming

Paul Rice

Tim Scott

Luanne Cundiff

Mark G. Delcourt

Dio Maranan

Jenefer L. Weirich

Travis J. Liebig

Tisha Harmon

Matt Meadows

Scott Ford

Mark L. Wolz

Jason Halteman

business. As a former real estate broker, he brings 20 years of experience in relationship management and development.

Several staff recently joined Citizens National Bank of Greater St. Louis. Jason Halteman is vice president in commercial lending. He has 15 years of banking experience in the St. Louis market. Dio Maranan has joined Citizens National Bank as vice president in commercial lending. He has 20 years’ banking experience. Jenefer L. Weirich is assistant vice president in commercial lending. She has 11 years’ banking experience, primarily in the health care market. In 2009, Weirich became a certifi ed women’s business advocate.

Editor’s Note: To submit announcements for the Achievements section, email [email protected].

Book Reservations For Executive Management ConferenceMBA’s Executive Manag-ment Conference will be held Wednesday through Friday, Dec. 3-5, at the InterConti-nental Hotel in Kansas City.

The conference begins at 2:30 p.m. Wednesday, Dec. 3, and concludes at 11 a.m. Friday, Dec. 5. Don’t miss the Thursday evening MBA

silent auction! Friends and colleagues gather in a festive, holiday setting to enjoy good food, drink and conversation as they browse and bid on

an array of wonderful, often one-of-a-kind, auction items.

Program information will be sent to MBA members in the

coming weeks. Hotel reser-vations can now be booked by calling 877-834-3613 or visiting www.ihg.com.


MBAdsyears of lending experience, preferably in consumer, small business and ag, and be famil-iar with the area. Equivalent experience will be considered. Bank 21 offers a competitive salary and excellent benefi t package. Send confi dential resume to [email protected]. EOE

Doublewide temporary banking facility for sale in Carthage. Available Nov. 1, possibly earlier. Call 417-237-0096 for more details.

The deadline to place a clas-sifi ed advertisement in the October 2014 issue of The

Bank Compliance Assistant CS Bancshares, Inc., a multi-bank holding company in Chill-icothe, Missouri, is expanding our regulatory compliance de-partment. Candidates must be organized, detail-oriented, and possess excellent communica-tion and analytical skills. Previ-ous compliance preferred, but will train. Please send resume to P.O. Box 590, Attn: Human Resources Offi cer, Chillicothe, Missouri 64601.

Bank 21 has two immediate openings for Loan Offi cer s in the Carrollton and in the Marshall, Missouri banking centers. The ideal candidate should have a minimum of 2-3

AgendaSeptember 201424 and Oct. 1 AIB Principles of Banking,

The Bank of Missouri, Cape Girardeau29 - Oct. 2 MBA Washington, D.C., VisitOctober 201416 - 17 Young Bankers Leadership Conference, Tan-Tar-A

Resort, Osage Beach22 Security Management Seminar, Stoney Creek Inn,

Columbia22 and 29 AIB Principles of Banking Class, MBA Offi ce,

Jefferson City30 - 31 Bank Legal Issues Conference, Courtyard by

Marriott, ColumbiaNovember 201413 BSA/AML Seminar, Stoney Creek Inn, Columbia19-20 Lending Compliance Workshop, Stoney Creek Inn,

ColumbiaDecember 20143 MBA Board of Directors Meeting, InterContinental

Hotel, Kansas City3 - 5 Executive Management Conference, The

InterContinental Hotel, Kansas City9 IRA Basic Seminar, Cape Girardeau10 IRA Basic Seminar, Columbia11 IRA Basic Seminar, Springfi eldJanuary 201525-30 MBA School of Bank Management, Stoney Creek

Inn, ColumbiaFebruary 201525 - 26 Technology Conference, Tan-Tar-A Resort, Osage

BeachMarch 201524- 25 Tri-State Leadership and Human Resource

Conference, Kansas CityApril 201523-24 Women Bankers Conference, Tan-Tar-A Resort,

Osage Beach

Missouri Banker is Wednes-day, Oct. 8. Email ads to Lori Bruce, MBA director of communications, at [email protected] and an invoice will be mailed to you. Logo insertion charge, $12.50.

Classifi ed advertisements are posted on the public side of MBA’s website at no extra charge for the same time period as advertised in The Missouri Banker.

Classifi ed ad rates are as fol-lows.• $1 per word for one issue• $1.50 per word for two

issues• $2 per word for three issues

MBA is pleased to announce three recent staff promotions and a new director of com-munications at its offi ce in Jefferson City, Mo.

John L. Hunt, CLU, was pro-moted to senior vice president of MBA VEBA Insurance

Services. Hunt manages the group employee benefi t programs of MBA VEBA, which includes planning and supervising the marketing of VEBA services and maintaining eligibility records, premium billing, management and communications with service vendors. He has 40 years of experience in employee benefi ts marketing, adminis-tration and risk assessment, including underwriting and fi nancial management of self-funded medical plans. Hunt previously served as vice president of MBA Bankers Benefi t Corpora-tion. He received his degree from Missouri Southern State University in Joplin.

MBA Promotes Staff, Hires Communications Director

Cheri Messerli was promoted to vice president, director of education. In this role, Messerli oversees and coordinates meetings for nine MBA confer-ences and two schools. She also cre-ates marketing materials for MBA’s educational pro-grams. A member of the Mis-souri Society of Association Executives board of direc-tors, Messerli has 25 years’ experience in association education. She previously served as MBA director of education.

Janet Roling was promoted to senior vice president, chief fi nancial offi cer and chief operat-ing offi cer. Roling oversees the fi nancial management of MBA, as well as the accounting, budgeting, human resources, informa-

tion technology and building management for MBA and its subsidiaries. She previ-ously served as MBA’s vice president and chief fi nancial offi cer. A certifi ed public ac-countant, Roling has nearly 18 years of experience in auditing and accounting. She received her degree from the University of Central Mis-souri in Warrensburg.

Lori Bruce joined MBA as director of communications. With 15 years’ experience in association communica-tions, she oversees MBA com-munica-tions to its members, including online, print and social media. A graduate of the University of Mis-souri School of Journalism in Columbia, Bruce previously served as director of edito-rial services for the Missouri Hospital Association in Jef-ferson City.

John Hunt

Cheri Messerli

Janet Roling

Lori Bruce

HOW TO SUBMIT ITEMS TO THE MISSOURI BANKER

Lori Bruce, MBA director of communications, over-sees production of The Missouri Banker. Please send achievements, announcements and classifi ed ads to [email protected] for possible inclusion in

upcoming issues of The Missouri Banker.


Accounting/AuditingBKD CPAs & Advisors

Branson ..................... 417-334-5165

Joplin ......................... 417-624-1065

Kansas City ................ 816-221-6300

Springfield ................. 417-865-8701

St. Louis ..................... 314-231-5544

Brown Smith Wallace LLC

St. Louis ..................... 314-983-1200

CliftonLarsonAllen

Belleville, Ill. ............... 800-962-2462

St. Louis ..................... 888-529-2648

Crowe Horwath LLP

Oak Brook, Ill. ........... .630-574-7878

Cummings, Ristau & Associates, PC

St. Louis ..................... 888-616-2727

Kennedy and Coe, LLC

Lenexa, Kan. .............. 913-643-5000

KPM CPAs

Springfield ................. 417-882-4300

KPMG LLP

Kansas City ................ 816-802-5200

St. Louis ..................... 314-444-1400

McGladrey, Inc.

Kansas City ................ 800-274-3978

St. Louis ..................... 314-241-4100

Rolf, Perrin & Associates, P.C.

Fairway, Kan. ............. 913-671-8600

Sims & Riley LLC

Overland Park, Kan.... 913-649-8100

The Fullinwider Firm, LLC

Kansas City ................ 816-786-7147The Whitlock Company, LLP

Springfield ................. 417-881-0145

Williams-Keepers LLC

Columbia ................... 573-442-6171

Jefferson City ............. 573-635-6196

Architects/Builders/DesignersCopeland Development and

Construction Company, Inc.

Chillicothe .................. 660-707-1412

Federal Construction, Inc.

Springfield ................. 800-299-5400

ATM Equipment/ServiceBankers Security Inc.

Raytown ..................... 877-358-0883

Diebold Inc.

Hazelwood ................. 314-801-6600

Uniontown, Ohio ........ 330-899-1381

Federal Protection, Inc.

Springfield ................. 417-869-9192

FISERV

Brookfield, Wis. .......... 800-872-7882

Nusource Financial

Eden Prairie, Minn. .... 952-942-9191Oppliger Banking Systems Inc.

Olathe, Kan. ............... 800-487-7875

TransFund

Tulsa, Okla. ................ 800-588-6816

Auction ServicesPurple Wave Auction

Manhattan, Kan. ........ 866-608-9283

BOLI Executive CompensationBank Compensation Consulting Inc.

Plano, Texas ............... 800-781-2099

Bank Financial Services Group

Edina, Minn. ............... 800-931-7782

Equias Alliance

Prior Lake, Minn. ........ 952-435-7747

Executive Benefits Network

Cape Girardeau ......... 573-335-0187

Lawrence, Kan. .......... 785-838-9800

NFP Executive Benefits

Cologne, Minn. .......... 612-940-2843

Brokerage/Investments

SecuritiesAcropolis Investment Management

Chesterfield ................ 636-449-4900Central States Capital Markets

Prairie Village, Kan. ... 800-851-6459

Edward Jones

Prairie Village, Kan. ... 913-262-4662First Bankers’ Banc Securities, Inc.

St. Louis ..................... 888-726-2880


FTN Financial

Memphis, Tenn. ......... 800-307-5421


Multi-Bank Securities, Inc.

Southfield, Mich. ........ 888-278-5558

Stifel

St. Louis ..................... 800-679-5446

The Baker Group

Oklahoma City ........... 405-415-7200

Vining Sparks

Little Rock, Ark. .......... 800-733-6938

Memphis, Tenn. ......... 800-733-6859

Cash Management ServicesFIS

Birmingham, Ala. ....... 888-323-0310

Milwaukee. ................. 800-822-6758

Check Printing

Information Solutions Deluxe Financial Services, Inc.

Shoreview, Minn. ....... 800-933-2211

Check Recovery Re$ubmitIt, LLC

Louisville, Ky. ............. 866-860-5906

CollectionsPartners Financial Services, Inc.

Fenton ........................ 636-305-9877

CommunicationsSpectrio

Oldsmar, Fla. ............. 800-584-4653

Computer Software & HardwareBanker’s Toolbox

Austin, Texas .............. 888-201-2231CSI (Computer Services, Inc.)

Fairview Heights, Ill. ... 800-545-4274

Paducah, Ky. .............. 800-545-4274D+H

Lake Mary, Fla. .......... 800-989-9009LightEdge Solution

Des Moines, Iowa ...... 515-471-1256NetGAIN Technologies

Manchester ................ 314-968-2237SynTel, LLC

Jonesboro, Ark. ......... 800-898-2540Verafin, Inc.

St. John’s, NL, Canada 866-781-8433

Consulting & Training ServicesCommunity Bank Consulting Services, Inc.

St. Louis ..................... 314-863-1954DD&F Consulting Group

Little Rock, Ark. .......... 501-374-2600John M. Floyd & Associates

Baytown, Texas .......... 800-809-2307Pentegra Retirement Services

White Plains, N.Y. ....... 800-872-3473 Strunk, LLC

Kansas City ................ 800-728-3116

Superior Consulting

Springfield ................. 417-887-2124

Terry Compliance Consulting

St. Louis ..................... 314-540-3122

Correspondent BankingJP Morgan Chase & Co.

Chicago ..................... 312-732-7981

Pacific Coast Bankers’ Bank

Walnut Creek, Calif. ... 415-399-1900

Texas Capital Bank

Kansas City ................ 913-549-3539

TIB - The Independent Bankers-bank

Irving, Texas ............... 800-288-4842

Wells Fargo & Company

St. Louis ..................... 314-955-6851

Des Moines, Iowa ..... 515-213-4627

Data ProcessingUnited Financial Services

St. Charles ................. 262-376-3000

Debit and Credit CardsSecurity BankCard Center, Inc.

Norman, Okla. ........... 405-826-5617

Vantiv

Cincinnati ................... 513-900-4613

Deposit Acquisition/RetentionPromontory Interfinancial

Network

Arlington, Va. ............. 866-776-6426

Overland Park, Kan. . 866-776-6426

FundingBancAlliance

Chevy Chase, Md. ..... 301-232-5400Federal Home Loan Bank of Des Moines

Kansas City . . . . . . . . 800-544-3452

Des Moines, Iowa . . . 800-544-3452

Government AgenciesMissouri Agricultural and Small Business Development Authority

Jefferson City ............. 573-751-2129Missouri Development Finance Board

Jefferson City ............. 573-751-8479

Information SolutionsSNL Financial

Charlottesville, Va. ..... 434-951-4419

Insurance/BondingABA Insurance Services, Inc.

Call MBIS at 844-546-7034

Mayfield Heights, Ohio 800-274-5222

Agents National TitleColumbia ................... 866-483-2763

AmTrustCleveland ................... 800-682-1635

J.T. Miller Company, Inc.Hamel, Minn. ...............800-328-4545

Kansas Bankers Surety CompanyTopeka, Kan. .............. 785-228-0000

Lee & Mason FinancialColumbia ................... 888-685-8442

Lenders Insurance Solutions

Bankers’ Resource Directory


Bankers’ Resource DirectoryChicago ..................... 312-602-7360

Greensfelder, Hemker & Gale, P.C.St. Louis ..................... 314-241-9090

Hackworth, Ferguson & ThompsonPiedmont ................... 573-223-4247

Husch BlackwellJefferson City . . . . . . 573-635-9118Kansas City . . . . . . . . 816-983-8000Springfield . . . . . . . . 417-862-6726St. Louis . . . . . . . . . . 314-480-1500

Kramer & Frank, P.C.St. Louis ..................... 800-288-5437

Lathrop & Gage LLCKansas City ................ 816-292-2000

Lewis, Rice & Fingersh, L.C.St. Louis . . . . . . . . . . 314-444-7600

Martin, Leigh, Laws & Fritzlen, P.C.Kansas City ................ 816-221-1430

Martin Pringle, Attorneys at LawOverland Park, Kan.... 913-491-5500

Millsap & Singer, LLCSt. Louis ..................... 636-537-0110

PolsinelliKansas City . . . . . . . . 816-753-1000Springfield ................. 417-869-3353St. Joseph .................. 816-364-2117St. Louis ..................... 314-889-8000

Spencer Fane Britt & Browne LLPKansas City . . . . . . . . 800-526-6529St. Louis . . . . . . . . . . 800-862-6869

Stinson Leonard StreetKansas City . . . . . . . . 816-842-8600St. Louis . . . . . . . . . . 314-863-0800

Thompson Coburn LLPSt. Louis . . . . . . . . . . 314-552-6000

Lending Risk ManagementSageworks

Raleigh, N.C. ............. 866-603-7029States Resources Corp.

Omaha, Neb. ............. 800-279-8295

MarketingDigital Intersection

St. Louis ..................... 800-221-0855emfluence digital marketing agency

Kansas City ................ 877-813-6245 Gremln.com

St. Louis ..................... 314-915-8738Harland Clarke

Farmington ................ 800-382-0818

San Antonio, Texas .... 800-382-0818TextCaster

Parkville ...................... 816-268-2581

Modular Banking FacilitiesMPA Systems, Inc.

Sanger, Texas . . . . . . 888-233-1584

Mortgage Lending

Banc Mac-Community Banc Mort-gage Corporation

Pawnee, Ill. . . . . . . . . 888-821-7729Equitable Mortgage Corp.

Springfield ................. 417-887-6688Missouri Housing Development Commission

Kansas City ................ 816-759-6600

St. Louis ..................... 314-877-1350Veterans United Home Loans

Columbia ................... 573-876-2600

Office Supplies & SolutionsAll Nations Flag Co., Inc.

Kansas City ................ 800-533-3524Office Depot

St. Charles ................. 636-358-9093

Overland Park, Kan.... 913-358-0856Systemax Corporation

Springfield, Ill. ............ 217-546-6646

Other FinancialProducts & Services

ABA Prepaid CardWashington, D.C. ....... 202-663-5088

Affordable Equity Partners, Inc.Columbia ................... 573-443-2021

Banc Statements, Inc.Birmingham, Ala. ....... 877-956-5783

EverFi Inc.Washington, D.C. . . . 202-625-0011

First CapitalTulsa, Okla. . . . . . . . . 918-289-1853

Jack Henry & AssociatesMonett ........................ 417-235-6652

Standard & Poor’s Ratings Services

New York .................... 212-438-2028Tipton Systems

St. Louis ..................... 800-899-2997

Payment TechnologiesClearent, LLC

Clayton ....................... 888-366-6390FIS

Jacksonville, Fla. ....... 888-323-0310

Plano, Texas ............... 972-335-1205

Orlando, Fla. .............. 800-327-1892Tipton Systems

Kansas City ................ 800-844-5312

St. Louis ..................... 800-899-2997

Resorts and HotelsTan-Tar-A Resort, Golf Club, Marina & Indoor Water Park

Osage Beach . . . . . . 800-826-8272

Shredding Services

Cintas CorporationHazelwood . . . . . . . . 314-595-5270

Technology ConsultingBankOnIT

Oklahoma City ........... 800-498-8877CalTech

San Angelo, Texas ..... 325-223-6100NetGain Technologies

Manchester ................ 314-968-2237

Travel ServicesACENDAS

Mission, Kan. . . . . . . 800-544-3019

Trust ServicesCitadel Trust Advisors

St. Louis ..................... 800-332-2963

KeyMBA Associate Members and MembersEndorsed Vendors

Group, LLCOzark ......................... 417-581-8070

Mountain Life Insurance CompanyAlcoa, Tenn. . . . . . . . 800-888-6542

. . . . . . . . . . . . . . . . 800-874-3378Spectrum Financial Services Inc.

Omaha, Neb. . . . . . . 800-421-8339The Plateau Group

Crossville, Tenn. ........ 800-752-8328The Travelers Companies, Inc.

Call MBIS at 844-546-7034

St. Louis ..................... 888-916-1442Truman Wilson & Associates

Kansas City . . . . . . . . 816-387-1595

Internet Service ProviderWindstream

Springfield ................. 417-877-4790

Investment BankingCommerce Street Capital, LLC

Dallas ......................... 214-545-6846Raymond James

Memphis, Tenn. ......... 800-564-2249Sandler O’Neill + Partners, L.P.

New York . . . . . . . . . . 800-635-6851The Capital Corporation, LLC

Overland Park, Kan. . 913-498-8188

IRA & Qualified Plan ServicesAscensus

Brainerd, Minn. . . . . . 800-346-3860 Convergent Retirement Plan Solutions, LLC

Brainerd, Minn. . . . . . 218-824-4900

IT Security ServicesSecure Banking Solutions

Madison, S.D. ............ 605-270-9854Technology & Networking Inc.

Cape Girardeau ......... 800-455-2721

Law FirmsArmstrong Teasdale LLP

Jefferson City . . . . . . 573-636-8394Kansas City . . . . . . . . 816-221-3420St. Louis . . . . . . . . . . 800-243-5070Overland Park, Kan. . 913-814-0969

Berson Law GroupLeawood, Kan. ........... 913-397-2701

Brumbaugh & Quandahl, PCKansas City ................ 816-842-0979

Bryan Cave, LLPKansas City . . . . . . . . 816-391-7649St. Louis . . . . . . . . . . 314-259-2000

Carnahan, Evans, Cantwell & Brown, P.C.

Springfield ................. 417-447-4400Danna McKitrick, P.C.

Clayton ....................... 314-726-1000Dressler/Peters, LLC


Young Bankers in the Wild World of Global Economics

Dr. David KohlVirginia Tech

Back to the Future: The Bank is Yours, Now What?

Lee Wetherington

Do Birds of a Feather Really Flock Together?

Service to Sales in the Branch

Hotel Information - The

Each room in Building A is equipped with two king beds.

Pay by Check or Invoice

2014 Young Bankers Leadership Conference Registration FormPlease enter the information below EXACTLY as you wish it to appear on your name badge and registration list. Please copy form for additional

registrations.

Organization Information _____________________________________

Phone

Name of Attendee ___________________________________________

Title

Leadership Is Not a Skill or a Position: It is a Relationship!

CEO Panel: Leadership Lessons Learned

Think Huge: How to Elevate Your Life and Your Bank

CONFERENCE TOPICS & SPEAKER

Pay by Credit Card

Exp. Date _________________________

No. _______________________________

Name on Card _____________________

Signature _________________________*Only VISA and MasterCard are accepted.

MET

HO

D O

F PA

YMEN

T

Documents

September 18 2014