OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION
Kerry E. Neff, chairman and CEO of Boonville Federal Savings Bank, retired from his duties as CEO effective April 1. He had been with the bank since 1992 and spent 50 years in banking overall. Outside the bank, Neff volunteered with numerous municipal and religious boards, including Gideons International. He is a member of the […]
Question: My bank plans to introduce a new home equity line of credit that allows all closing costs to be waived at closing provided the customer maintains the loan for three years, but if the customer elects to pay the loan off early, they will have to repay the closing costs. Does Indiana law allow us to contract for “conditionally waived” closing costs?
Compliance Connection: HELOC Closing Costs Waiver Read More »
Every team member and client is essential to our success and greatly matters. It’s hard to imagine James “Jim” Ryan III may have seen himself as one day becoming the chairman and CEO of a nearly $70 billion regional bank when he started his first job as a dishwasher at a 1950s and 60s-themed restaurant
Jim Ryan: Hometown Heart Read More »
By the time you read this, our Government Relations team will be taking a much-deserved rest after another great Session at the Statehouse, fighting for Indiana bankers to give us the best regulatory environment possible in which to serve our communities.
One of the many things that I love about my job is how easy it is to show you exactly how well your Association is doing year after year with our annual Member Benefits Report.
JUNE General Banking School – Year 1 (in partnership with the Kentucky Bankers Association)June 2-6: Griffin Gate Marriott, Lexington, KY General Banking School – Year 2(in partnership with the Kentucky Bankers Association)June 1-6: Griffin Gate Marriott, Lexington, KY 2025 Commercial Lending SchoolJune 2-6: IBA Center Senior Lender Forum – Group 1June 11: IBA Center Senior Lender
2025 IBA Education Calendar Read More »
An “on-us” check is one that is drawn on an account held at the same bank at which it is presented. That is, the bank is both the depository bank and the payor bank. In simple terms, the opposite of an on-us check is a transit check. A transit check is presented at another financial institution and subsequently sent to the payor bank through a clearing process for settlement. On-us checks carry different risks than transit checks, creating distinct responsibilities, particularly regarding wrongful dishonor and funds availability.
The Onus of “On Us” Checks Read More »
An AI strategy will unlock the greatest value for banks and credit unions when the strategy aims for bold, audacious goals rather than incremental efficiency gains.
AI as a Gamechanger Leapfrog to Banking Excellence
Read More »
The SECURE Act – officially known as the Setting Every Community Up for Retirement Enhancement Act of 2019 – made significant changes to IRA and retirement plan rules, including to the beneficiary payout options. One of the most noteworthy changes involves the 10-year rule, which requires a total distribution of inherited assets by Dec. 31 of the year containing the 10th anniversary of the account owner’s death.
The 10-Year Rule Is Here to Stay Read More »
8425 Woodfield Crossing Blvd.
Suite 155E
Indianapolis, IN 46240-7321
Phone: 317.387.9380
1345 East 3900 South #206
Millcreek, UT 84124
Phone: 801.676.9722
Fax: 801.742.5806
Copyright © 2025 Hoosier Banker Magazine
Created and Managed by The newsLINK Group LLC
