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Alyssa, don't miss these important MBA updates...
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PROFESSIONAL DEVELOPMENT
See You on a Course Near You!
Gather a foursome, sponsor a hole and have a fun day on the course supporting the Harding Scholarship Foundation.
- Thumb Region: July 11, Ubly
- Harding Scholarship Fund Outing: July 25, Bath
- U.P. Region: August 13, Marquette
- SW/SE: August 22, Ann Abor
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PROFESSIONAL DEVELOPMENT
2024 George Harding Scholarship
The George Harding Scholarship, established in 1984 by the Michigan Bankers Association and the Michigan Traveling Circus, is dedicated to supporting college juniors and seniors majoring in finance or banking. This scholarship aims to assist students in their academic and professional pursuits in the banking and finance sectors, with support from members of Michigan banks.
Attention College Juniors and Seniors in Finance or Banking!
Don't miss out on the prestigious George Harding Scholarship. This is a remarkable opportunity to secure financial support for your education. Learn more and apply at bit.ly/GeorgeHardingScholarship. Secure your future today!
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MBABANKING
Read the latest issue of mbaBanking
The latest edition of mbaBanking is now available! Dive into this issue to learn about the 2024 Banker of the Year Kenneth Kelly, Chairman and CEO, First Independence Bank.
Explore insightful pieces in this issue, such as:
- Championing Michigan Banking: A Tribute to Roxanne Daust's Leadership, by Alyssa Bouchard
- Achieving Sales Team Excellence with a Coaching Culture, by Jeni Wehmeyer, Anthony Cole Training Group
- Unlocking Growth: A Practical Guide to Leveraging Your Bank's Data, by Achim Griesel and Dr. Sean Payant, Haberfeld
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Join us July 9-10, for roundtable discussions with key stakeholders including the Federal Reserve Bank of Chicago leadership, the FDIC, and the OCC as part of our annual Chicago Regulatory Visits. | |
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MACKINAC POLICY CONFERENCE
Bridging the Future Together
The 2024 Mackinac Policy Conference focused on "Bridging the Future Together" to inspire radical collaboration. The MBA attended the conference, emphasizing that Michigan will prosper when its leaders engage with mutual respect and build bridges to move forward, regardless of political party, industry, or geographic location.
Bankers were among the prominent speakers this year. Michael Bickers, Executive Vice President and Regional President, Detroit and Southeast Michigan, PNC Bank and Director on the MBA Board of Director participated as a panelist on "Shaping Michigan’s Future." Gary Torgow, Chairman of the Board of Directors at Huntington National Bank, presented during the recognition of Sandy Pierce, Corporate Board Executive Officer at the Detroit Regional Chamber. Matt Elliott, Sustainability Executive for Business Banking and Global Commercial Banking, and President of Bank of America Michigan, who also serves as Chair of the Board of Directors at the Detroit Regional Chamber, spoke on the "Mackinac Moment."
Learn more about the conference.
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CONGRESS
Congress in Recess This Week
Congress is in recess until June 3.
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UPOAA
Michigan's Uniform Power of Attorney Act (UPOAA) - Effective Date July 1
In the ever-evolving landscape of legal frameworks, Michigan holds a prominent position, thanks to its groundbreaking Uniform Power of Attorney Act (UPOAA) — a legislative milestone that significantly transforms the dynamics of decision-making authority. On November 7, 2023, Governor Gretchen Whitmer signed into law Michigan’s Public Act 187 of 2023, which enacted the UPOAA (effective date July 1, 2024). Seeking to safeguard bankers' interests, MBA Bank Counsel Committee engaged in multiple meetings with David Sprague, Senior Vice President of Regional Trust Management at Old National Bank, and Christine Savage, from Lowe Law Firm, representing the Probate Section Subcommittee on UPOAA. The Michigan Bankers Association played a crucial role as an important stakeholder in ensuring that the legislation was crafted and passed in a manner that did not adversely affect financial institutions. Learn more.
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ANTI-MONEY LAUNDERING
FinCEN Underestimates Compliance Burden of BOI Collection
ABA urged the Office of Management and Budget to condition renewal of a form that facilitates beneficial ownership information collection on the Financial Crimes Enforcement Network first increasing its estimated compliance burden on banks. ABA also wants FinCEN to further engage with the association, which has raised concerns about the estimate used.
FinCEN is seeking to renew without change four separate information collections, including BOI requirements for legal entity customers, as required by Appendix A of the customer due diligence rule, or CDD. Federal agencies are required to regularly review the burden of their regulations on businesses under the Paperwork Reduction Act, or PRA, and seek the OMB’s approval for renewing those regulations. Read the letter.
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Join us on July 17 at the Women Lead Symposium, a convenient virtual program designed to help women and allies become inclusive, successful leaders. You’ll gain critical leadership skills that will advance your career and support
women aspiring to lead in the industry. You’ll also learn leading practices and actionable insights to engender a diverse working environment that improves your bank’s bottom line.
Become an agent of change in your network and beyond — walk away with resources and a strong professional network that support women in banking.
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MBA SERVICE CORPORATION ENDORSED PARTNER
LSI As Your Variable Cost Solution
To ensure LSI provides the best services for the hundreds of financial institutions we support, our team regularly inquiries about industry trends from our Partners. Many institutions grapple with expenditure and staffing challenges, sometimes losing sight of their members and customers amidst resource allocation.
With LSI, concerns about operational efficiency are alleviated. Streamline your staff structure and rely on us to attract and retain members and customers, enabling you to foster robust community relationship. Learn more.
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MBA SERVICE CORPORATION
Compliance Hub for Mortgage
Compliance Alliance now gives you easy access to Mortgage Tools—a collection of proprietary regulatory compliance tools with more than 200 worksheets, checklists, trainings and more & a live hotline chat feature connecting you to attorneys and compliance experts—all designed to safeguard internal operations, strengthen business practices, and develop exam-ready organizations. To learn more, contact JiIl Verscheure, SVP, MBA Service Corporation, jverscheure@michigan.bank.
Sign up for a live Mortgage Demo
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MBA SERVICE CORPORATION
Why is Marketing in Decline?
Marketing majors at business schools are declining and boardrooms are dropping marketing’s seat. Even marketing professionals are failing to effectively market themselves. In this episode, host Ron Shevlin and guests Derik Sutton, CMO at Autobooks, and Mary Anne Keegan, CEO at Etch Advisors, discuss these challenges. They also explore the changing landscape of marketing and the need for a balance between short-term results and long-term attention. Listen Now.
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MBA SERVICE CORPORATION
10 Information Security Topics to Discuss in Your Next Review
Cyberattacks no longer only impact the targeted organization but also have a ripple effect that harms partners, service providers, customers, and others. In an era where digital interconnectedness is the norm, the consequences of cyber incidents extend far beyond the initial breach, affecting a wide network of stakeholders.
Explore the topics your organization should consider in your next information security program review to stay ahead of cybersecurity threats. Read more.
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MBA SERVICE CORPORATION ENDORSED PARTNER
The Latest from Compliance Alliance
View the Compliance Alliance Question of the Week.
Banking Matters Podcast - Learn about today’s financial trends, topics, and practical matters on the Banking Matters Podcast. Listen to new episodes every Monday! Listen now.
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Today, we honor the brave men and women who made the ultimate sacrifice in service to our country. Their courage and dedication will never be forgotten. On this Memorial Day, let us pause to reflect, remember, and express gratitude for their sacrifice. | |
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What does extreme exhaustion feel like? You might have an overwhelming urge to sleep, and you may not feel refreshed after you rest or sleep. Learn how to lead your employees through burnout: https://conta.cc/3JnHtb6
#FrameofMindFriday
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Calling all college juniors and seniors in business or finance! Explore the incredible opportunity of the George Harding Scholarship at bit.ly/GeorgeHardingScholarship. Secure your future today!
#ScholarshipOpportunity #FinanceMajor
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