October 2023

Economic Uncertainty,

Rising Interest Rates Challenge Banks

The U.S. banking system is sound and resilient, with strong capital and liquidity, according to the latest report on bank supervision and regulation released in May by the Federal Reserve Board of Governors. Nevertheless, bank supervisors are actively monitoring risks associated with credit, liquidity and interest rates. These risks have risen in 2023 because of prevailing economic conditions and uncertainty about the future path of the economy. 


Managing Liquidity Risk and the Importance of Bank Contingency Funding Plans

U.S. banking supervisors are asking the nation’s bankers to evaluate the liquidity risk inherent in their banks’ current operations and to have contingency funding plans in place and ready to execute in the event of liquidity shortfalls. That guidance is spelled out in an updated interagency policy statement issued in July.


Where You Will See MIB This Quarter:


NICB Annual Convention

Cornhusker Marriott Hotel

Lincoln, NE


MIB NE Football Game Tailgate

Apothecary Building

Lincoln, NE


IBA Midwest Bank Leaders Conference

Gleacher Center

Chicago, IL


NBA Bank Investment Conference

Cornhusker Marriott Hotel

Lincoln, NE


IBA Chicago Area Holiday Breakfast

The Westin Chicago Lombard

Lombard, IL


MBA Executive Mgmt. Conference

The Ritz Carlton Hotel

Clayton, MO

What a year (so far) for MIB Banc Services, LLC (MIBBS). Thank you to all our customers who continue to choose us as a partner for their audits. By the end of year, we will have completed 322 audits.

On October 2nd, our 2024 calendar opened, and we are looking forward to working with many of you again. If you need to request bids and schedule audits, please contact Linda Fick at 888-818-7206.  





John De Hoyos and Jeemol Smith recently passed the AAP (Accredited ACH Professional) Examination. The AAP accreditation requires a significant time commitment involving extensive study to be able to thoroughly understand ACH operations, rules and regulations, products, and services. Nationwide there are only 4,200 AAPs who have earned and maintain this accreditation. ACH is currently the highest-value noncash payment method in the U.S., accounting for over 70 percent of payments as compared to check, credit, and debit cards; customers look to MIB for guidance and expertise with ACH.


Diane Kempker was promoted at Midwest Independent BankersBank (MIB) to Operations Officer in August, adding the Cash Management area under her responsibility. She joined Midwest Independent BankersBank (MIB) as a Safekeeping Specialist in September 2012. In 2016, Diane was promoted to Safekeeping Team Lead. In September 2022, Diane took the role of Operations Manager over Safekeeping, New Accounts/Mergers, CDs, Collateral and Account Analysis. 

Diane has 30+ years’ experience in banking, specifically in the Operations area.  She is currently attending the Missouri Bankers Association School of Bank Management with an expected graduation date in 2024.


Darla Dawson, Customer Care Specialist, in Bank Operations was the Employee of the Quarter for the Second Quarter at MIB. Congratulations to Darla for this well-deserved acknowledgement.


Midwest Independent Bancshares, Inc., Midwest Independent BankersBank and MIB Banc Services, LLC all participated as a Pacesetter for the United Way of Central Missouri this year and we are proud to say we had 84% of our team participate and we raised $15,467. We had sixteen employees that gave fair share donations, which is one hour’s pay per month. We increased our donation by 10.2% over last year. The Pacesetters total was $1.25 million, and the campaign goal is $2.4 million, which equates to 52% of the campaign goal. The theme for this year's campaign is Super Mario with the slogan 'Together Anything Is Possible'. Special thanks to Cindy Krieger and Jenny Oden for co-hosting the campaign. The Mario Cart car sign that was placed in front of our building was made possible by Cindy Krieger. Special thanks to the team for supporting such a great organization.

Some of our team also participated in the Day of Caring sponsored by the United Way on September 7th and 8th. The United Way Day of Caring is the largest single-day volunteer event in Southwest Missouri, mobilizing thousands of volunteers for a day of service to local nonprofits. The one-day event is a great opportunity to get out of the office, build teamwork and strengthen your connection to your community. The photos above show some of the employees that participated this year.


MIB supported college colors day on Friday, September 1st this year. College colors day was created by collegiate licensing leader CLC and is a holiday that gives more than 185 million college fans across the country a dedicated day to highlight their unmatched passion and spirit which shares their pride of a school. 

Adam Wyrick

VP/Compliance & Risk Mgmt. Officer

Adam started with Midwest Independent Bancshares, Inc. (MIB, Inc.) in October 2023. Wyrick has over 20 years of experience in the finance industry. He began his professional career with the Missouri Department of Transportation, working as a compliance auditor. In 2011, he moved to Central Bancompany as a commercial credit analyst and worked there until moving to Central Trust Company, A Division of The Central Trust Bank, as a Compliance Officer in 2017.  

Wyrick earned his bachelor's degree in accounting from Southwest Missouri State University (now Missouri State University). In 2018, he obtained his Certified Fiduciary & Investment Risk Specialist (CFIRS) designation from Cannon Financial Institute. He is active in the local/surrounding communities as a board member of the Jefferson City Area Crimestoppers and has been a MSHSAA certified basketball official since 2007. 

John Turner

SVP/Chief Operations Officer

John began employment with Midwest Independent BankersBank (MIB) in October 2023. His professional life began in 1987 as a bank examiner with the State of Illinois. Over the next 20 years Turner served in examination, audit or risk management roles within the State of Illinois, and the Federal Reserve Bank of Chicago.  Turner was then employed close to fifteen years with a bankers’ bank where he was responsible for managing the core deposit banking system, all payment-related services including wire transfers, ACH, remote deposit capture and check imaging, as well as overnight investments and borrowings, new accounts, and onboarding services for respondent bank customers. He successfully managed multiple customer platform migrations and systems conversions.

Turner earned his bachelor’s degree in business administration with an emphasis in economics from Xavier University in Cincinnati, Ohio, and his master’s in business administration from Texas A&M University in Corpus Christi, Texas. He currently has the following professional certifications: Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) and National Check Professional (NCP).

Kyle Bax

Senior Systems Administrator

Kyle Bax, Senior Systems Administrator, in the IT Department, began employee with MIB in July. He comes to MIB with six years of IT experience involving help desk, networking equipment, infrastructure and phone systems. His most recent employment was with EquipmentShare as an Information Technology Lead and at Club Carwash where he worked on IT work-streams for new stores and acquisitions.

Kyle has an associate degree in networking systems technology from State Technical College in Linn, MO.

Q: If the bank orders a certified appraisal or conducts an

in-house evaluation who can review the appraisal?

A: The appraisal must be reviewed by a third party independent of the decision making/underwriting process. To ensure their independence, the reviewer must abstain from any vote or approval involving loans on which they ordered, performed, or reviewed the appraisal or evaluation. A person also has a prohibited interest in the transaction if the person is compensated or receives financial gain from the transaction being consummated.

Q: Is it safe to save credit card info on websites?

A: No, it is not safe to store your credit card information online, including on merchant websites or web browsers. The only way to ensure your credit card information is stored safely is if you keep it in an encrypted vault.