From the Board Room
News and information about the IBA Board of Directors members and the things they are accomplishing
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OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION
September 20, 2024
Anniversary Milestones
Bath State Bank staff and directors welcome members of the community to the bank’s 100th anniversary celebration at a local fairground in June 2024. Bath State Bank celebrated its centennial anniversary in June with bank staff and more than 1,000 customers at a local fairground. A 1924 Studebaker Light Six Roadster, owned by a long-time
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16 Complete IBA Commercial Lending School
Congratulations to the 2024 graduating class of the IBA Commercial Lending School, which took place June 10-14…
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Associate Members’ Corner
By the Indiana Bankers Association Cinnaire Corporation and the Indiana Bankers Association closed a Low-Income Housing Tax Credit investment fund generating $23.5 million to support the development and rehabilitation of two affordable multi-family apartment communities in the state. The developments will provide 136 units of affordable housing – 50 at The Monreaux in South Bend,
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Banking Center News
We spotlight and congratulate banks for opening new branches and locations.
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IBA ‘High Five’ Awards
Congratulations to AyZha Hazelwood and Ross Teare, who were honored with the Indiana Bankers Association High Five Award in June and July 2024…
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Product & Services Profile: Interest Rate Risk and Liquidity Risk Are Your ALCO and Board Ready for the Next Exam or Falling Rates?
At the end of the most aggressive Fed tightening cycle since the early 1980s, interest rate risk management and liquidity risk management are issues on the top of every regulator’s list when they visit your bank for an exam. While your board of directors and asset/liability committee may have discussed the issues, do you have a strategy in place regarding your investment portfolio as rates fall?
Operations & Technology: Branch Closings Requirements and Nuances
Regardless of a bank’s regulator or state jurisdiction, there are certain notice requirements that apply when a bank plans to close a branch under Section 42 of the Federal Deposit Insurance Act.* For any closure subject to Section 42, the bank must provide 90 days prior written notice of any branch closing to its primary Federal regulator as well as to all branch customers, as well as a notice physically posted at the branch site at least 30 days before the intended date of closure to be in compliance with Section 42.
Operations & Technology: Branch Closings Requirements and Nuances
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Honorable Mentions
Brock C. Goggins, senior vice president, chief retail banking officer at German American Bank, Jasper, was recognized in July by BankBeat magazine as a 2024 Rising Star in Banking. Goggins is an advisory board member and immediate past president of the IBA Future Leadership Division, a member the American Bankers Association’s Emerging Leaders Council, volunteers in several capacities…
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Directors & Senior Management: How CFPB’s Rule 1033 Could Affect Data Rights and Open Banking
The Consumer Financial Protection Bureau estimates that 100 million consumers have authorized third parties to access their data.1 That data drives endless business decisions and capabilities. But financial institutions and technology developers must also be aware of regulations regarding consumers and their rights over their data.
