OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION
Paul C. Katz took over as president of the Graduate School of Banking at the University of Wisconsin–Madison and Prochnow Educational Foundation effective June 1. He will also assume the role of CEO upon the retirement of current president/CEO Kirby Davidson on Dec. 31.
Graduate School of Banking – Wisconsin Announces New President/CEO Read More »
Compliance Alliance / Austin, TX Victoria Stephen has been promoted to executive vice president, general counsel at the company’s Compliance Hub. In her time with the company, she has previously managed the hotline and spearheaded webinars, huddles and product development. PWCampbell / Pittsburgh Stephen L. Eckert joined the company as marketing director in April.
Associate Members’ Corner Read More »
A widely discussed but frequently misunderstood topic that is critical to a qualified plan’s operations and compliance is post-severance compensation. An incorrect interpretation could result in costly and/or time-consuming corrections – whether it’s resolved through an interaction with the Internal Revenue Service or through self-correction.
Post-Severance Compensation vs. Severance Pay Read More »
Commercial demand deposit accounts are an integral part of a bank’s deposit portfolio. They are less likely to move from bank to bank due to the various ancillary products tied to the accounts. One of the most viable ways to create a more “sticky” deposit relationship is through the offering of a quality merchant services product.
Keep Those Business Deposits Tied to Your Bank Read More »
1st Source Bank, South Bend, opened a dedicated loan production office in Crown Point, the bank’s first brick-and-mortar presence in Lake County. Associates serve community businesses with small business loans, deposits, Treasury and other commercial credit needs. (center) Jannelle Spindler, banking center manager for the new Cedar Lake branch, and bank chairman & CEO Mike
Banking Center News Read More »
Two IBA-member banks and two associate members were named to the Indiana Chamber of Commerce’s Best Places to Work list for 2024. Busey Bank, Champaign, Illinois; Centier Bank, Merrillville; Design Collaborative and NFP all made the list this year based on employer reports and a comprehensive, anonymous employee survey. Aunalytics; Dentons Bingham Greenebaum; First Merchants
Honorable Mentions Read More »
Question: We need to update our deposit account agreements but heard there may have been changes to Indiana law as to how we should make these changes. What is the correct way to amend our agreements under Indiana law?
Compliance Connection: Deposit Account Agreements Read More »
Build America Bonds were created as part of the 2009 American Recovery and Reinvestment Act. BABs are federally taxable municipal bonds issued during 2009 and 2010 for which up to 35% of the borrowing costs are federally subsidized either through payments to the issuer as Direct-Pay BABs or through payments to bondholders as Tax Credit BABs. The IRS estimates that more than $181 billion of BABs were issued by state and local governments, and Bloomberg data suggests that about $116 billion of BABs were still outstanding as of March 2024.
Rising BAB Redemptions Read More »
Employers have an affirmative legal obligation under federal and state employment discrimination laws to provide a workplace free from unlawful harassment. Not all harassment is illegal. Unlawful harassment is harassment on the basis of any protected characteristic, including race, color, sex, religion, disability, national origin, gender identity, sexual orientation, age, etc.
The mere mention of change can send pulses racing and blood pressure rising. But while change can be hard, it’s unavoidable, and it’s only going to continue to accelerate in our evolving marketplace.
Leading Amid Change Read More »
8425 Woodfield Crossing Blvd.
Suite 155E
Indianapolis, IN 46240-7321
Phone: 317.387.9380
4049 South Highland Dr.
Holladay, UT 84124
Phone: 801.676.9722
Fax: 801.742.5806
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