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Bimonthly Newsletter of Chicago CFMA

April 2017 
President's Letter
Last month the chapter hosted its Annual Meeting in conjunction with the March Succession Planning Program. At that time new board members and officers were elected into office. I am honored to begin my second year as your board president and look forward to a successful year for our chapter.
My first course of business is to thank our outgoing board members for their leadership and commitment during their three-year term on the board. Michael Harris, Catrina Payne and Ryan Hiss all played integral roles in our programming and membership growth and will continue to serve on various committees. A special thank you and best wishes to James Bianchi who while on the board served as our Chapter Treasurer and Golf Outing Chair. James has taken a job opportunity within his firm that is outside of the construction industry and we wish him much success.   I'd also like to welcome our new board members, Alex Warner, CliftonLarsonAllen; Tracey Fenolio, FCL Builders; Amy Holmes, Crowe Horwath; and Jason Vanden Bosch, CBIZ/MHM, who will also serve as our Treasurer.  
In addition to our board members, our chapter is represented by many leaders; some at the local CFMA level, some at the national level, and many are viewed as leaders throughout their respective industry.  Next month marks the 9th Annual "Build Chicago" Awards Luncheon. The purpose of the "Build Chicago" Awards is to annually recognize a Construction Contractor, a General Member, and an Associate Member in the construction finance industry, who exemplify the highest level of leadership and support for CFMA, their community, and the industry. I would like to take this opportunity to personally congratulate our 2017 Build Chicago Award winners Michael Pohl, John Metz and FCL Builders for their service and leadership. Please join us on Wednesday, May 10 at the University Club to celebrate these honorees and the Chapter's success over the past year.
Finally, I wish to thank you for renewing your membership commitment to CFMA. Membership in CFMA demonstrates leadership in the industry.   If you have not yet renewed, we encourage you to do so to prevent a lapse in your member benefits. To those of you who have renewed, I look forward to seeing you at an upcoming program or committee meeting or at the Annual conference in Phoenix June 4-6th. Remember, to make the most of your membership. Get involved - commit to attend one program, education or social event, invite one new member, or join one committee.  I promise you, your "one more" will be returned to you many times over.

Mary Davolt 
Chapter President 
In This Issue
Thank You 2017 Platinum Sponsors
CliftonLarsonAllen Logo

New Members
Paul Dowdakin
Bigane Paving Co.

Elizabeth Cronin
Premier Mechanical, Inc.

Tom O'Shea
Aspen Group

Rick Julien
DK Cole Co.

Oscar Gutierrez
Tilson Technology Management, Inc.

Andy Klemm
Entact, LLC

Scott Guenther
Landmarc Environmental Systems, LLC

Cassandra Castillo
Advantage Industrial Systems, LLC

Mary Matheney
RW Collins

Key Industry Financial Indicators 
CFMA provides reports on the top industry financial indicators to give an overview of the most current industry trends.   The reports can be found by clicking here.  CFMA Members also have the opportunity to subscribe and be notified when the reports are updated. 

For the second year, the CFMA Chicago Chapter will partner with RTMC and will participate in
National Rebuilding Day, on Saturday, April 29, to repair a home in the Chicago area.

Our allotted volunteer spots are full, but the committee is still looking for donations to help meet the needs of the home.  If you are interested in donating, please contact  
Javier Gonzalez
Featured Platinum Sponsor 

Relationship Still Matters 
By Jeffrey A. Steigelman

When you have three kids in the span of two years, two of which are twins, you tend to lose track of time, which was the case when I referenced the financial crisis the other day and someone said to me, "but Jeff that was nearly a decade ago." A decade ago? Really? But in fact it has been nearly a decade and yet it does not seem that long ago. Probably because we are all still dealing with the ramifications of the financial crisis one way or another.

One of the ramifications, is the difference in how customers and banks define and view a "relationship." Increased regulation, focus on capital preservation versus capital creation, and a trend towards risk avoidance from risk management, have all had a negative impact on the relationship between commercial customers and their banks.   Read the complete article here.

"Despite these changes, relationship banking and bankers still exist and can add tremendous value to your business, but finding it has become a little harder despite every bank out there saying that they are a relationship bank."  
CFMA Chicago Annual
"Build Chicago" Awards Luncheon
  The University Club of Chicago 
Wednesday, May 10, 2017
11:30 a.m. - 1:30 p.m.
Tickets: $80/per person | $750 for a Table of 10
We are pleased to welcome Keynote Luncheon Speaker Morgan Housel, Partner at the Collaborative Fund, a venture capital firm backing young companies that are moving the world forward.  Previously, Mr. Housel was a columnist at The Wall Street Journal and The Motley Fool.
Thank You to our 2017 Keynote Sponsor
2017 "Build Chicago" Awards Winners  
Contractor of the Year
FCL Builders
General Member of the Year
John Metz, Christopher Glass & Aluminum 
Associate Member of the Year
 Michael Pohl, DSP Insurance 
CFMA Summer Social 
July 21, 2017
Wrigley Field 
World Champion Chicago Cubs 
St. Louis Cardinals 
Game Tickets are Sold Out
Click here to be put on the wait list
You can still join the fun at the pre-game social.  Tickets are limited so reserve your spot today. Register here 
11:20 a.m. - 1:20 p.m. Pre-Game Social
DraftKings Sports Zone 
Food, Beer, Pop and Water included
(other beverages available for purchase)

$40 per person/social only
2017 Golf Outing
Thursday, September 7th
Bowes Creek, Elgin
10:00 a.m. Start

Mark your calendars! 
More Information coming soon.
Save the Date!
2017 Midwest Regional Conference: September 28th
Hyatt Lodge, Oak Brook

Participating chapters:
Chicago, Fox Valley, Madison, Milwaukee, Southwest Michigan, Western Michigan & Quad Cities 
The Golf Outing Committee of the Chicago Chapter is looking for members to assist with planning the 2017 outing.  Interested?  Contact
Jonathan Reeves for more information.

This year's golf outing is Thursday, September 7th. 

Amy Nelson
, CPA is now a Manager at Klein Hall CPA's, LLC. 

We want to share your good news!  Send your updates to Deb Hypke, Chapter Admin.