May 8, 2019


In This Issue: 
Message From The President

By John Witkowski, President & CEO

IBANYS Security Conferences:
Feedback Remarkably Positive


IBANYS' calendar of events continued this week with our Security Conference in Henrietta, NY (May 7) and Poughkeepsie, NY (May 8). Both locations were high in attendance for this meeting, which was focused on how community banks handle cybersecurity threats and issues in today's constantly changing environment.


Designed by community bankers for security, chief information, compliance, risk management and technology officers, the conference took an in-depth look at various trends and issues such as "Skimming, Scammers and Security", "The Devil's in the Details: How the State Notice of Breach Provisions Impact Third-Party Risk", "Reducing Cyber Risk", "Making Sense of MFA", and the "Cybersecurity Threat Landscape - Past, Present, and Future". The popular topic of cryptocurrency was also discussed with "Cryptocurrency, Fintech and Blockchain - What Is It and Why Do I Care?" in addition to an interactive tabletop exercise on "Disaster & Recovery".
 
Feedback from participants was positive and outstanding and we thank everyone for participating. Special thank you to our speakers Ben Hayden of   SHAZAM, Michael Carpenter of   Ncontracts, Warren Zafrin of UHY Advisors, NY, Jeff Miller of   Cyberstone Security, Mark Musone of   DataSure24/Freed Maxick CPA's, Bryan Adler of Vetter and Carl Benevento of TAG Solutions, LLC 

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Plan To Attend IBANYS' Lending Conference!

Next on our educational agenda is our Lending Conference, co-sponsored by our preferred partner T. Gschwender & Associates, on May 21-22 in Watkins Glen, New York. Please take a moment to review the brochure and plan to attend and/or sponsor!

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MetroCommBankWelcome

Welcome to our newest bank, Metropolitan Commercial Bank! Headquartered in New York City, Metropolitan Commercial Bank is a full-service commercial bank with banking centers in Manhattan, Boro Park Brooklyn and Great Neck, Long Island. The bank is known for its white glove personal service. Combining the relationship-driven banking experience you would expect of a community bank with an extensive suite of products and services. They not only have the capabilities and capacity to meet your needs, but also have the ability to craft highly innovative solutions to your precise challenges based on an intimate familiarity with your business. Metropolitan Commercial Bank professionals are prudent lenders who look beyond the simple numbers on a spreadsheet for the context to understand your needs and help you take advantage of the opportunities that you make happen. Learn more. 

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Check Out The New York Fed's New Regional Economy Site


The Federal Reserve Bank of New York has unveiled a newly designed website focused specifically on the regional economies that make up its district of the Federal Reserve System.  The change introduces what the NY Fed calls "regional economic précis" for the local areas in the district, which spans New York state, Puerto Rico, the US Virgin Islands and parts of New Jersey and Connecticut. Each précis gives a summary of key data and important aspects of the local economy. It offers convenient access to a wide array of regional data, analysis, and research that the Bank makes available to the public. The new site also features information about the Bank's community engagement and outreach efforts across the region. The site's short reports give an overview of economic trends in each location; these reports will be updated regularly as new data are released.

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2019 Meetings

Attend One of Our Educational Meetings! Meetings2019


Our 2019 Meeting dates and locations are now available! These educational conferences cover various subjects that are important within the community banking industry, spoken by the experts. T hey are also a great opportunity to network and earn CPE credits. Here is what we have planned for 2019:

LendingConf 

Co-Sponsored By:


May 21-22, 2019
16 North Franklin Street
Watkins Glen, NY 14891

            View Brochure                              View Registration Form


CPE Credits Available  = 10

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Banking Executive SymposiumBankExecSymposium

September 9-11, 2019
200 Riverside Drive
Clayton, NY 13624

CPE Credits Available  = TBD

__________________________________________________________________

Have an idea for one of our meetings? Want to see a meeting or forum on a different subject? We want to hear from you! 
Contact Linda Gregware or John Witkowski with your thoughts and/or comments.

2019 Annual ConventionConvention19

Get Ready For 2019 Annual Convention!

 

SAVE THE DATE

When:

June 10-12, 2019


Where:

5218 Patrick Rd, Verona, NY 13478


 Brochure                    Registration Form

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Hotel InformationConventionHotel


Arrival Date: Monday, June 10, 2019
Departure Date: Wednesday, June 12, 2019

Each attendee must make their own reservations by calling the hotel directly at
1-800-771-7711. To ensure receiving the group rate, use group code IBANYS Convention. All individual reservations will require one night's room deposit (including applicable taxes and surcharges) or a valid credit card to guarantee the reservation. Single/double occupancy $159.00 (Tower Room) or $239.00 (Junior Suite), plus applicable taxes and surcharges. Check in 3 p.m., check out 11 a.m. Room cut-off date is May 19, 2019. Reservations received after this date accepted on a space and rate availability basis and cannot be guaranteed at the conference rate. View full information on the hotel and booking. 
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Convention Favorites Are Back!ConventionFavoritesPAC


Six-Minute Drill 

For our 2018 Annual Convention, IBANYS is continuing with a favorite-the 6 minute drill.   This convention favorite offers our IBANYS preferred providers the opportunity - from the podium - to take a brisk six minutes and showcase their firms, products and services, and to demonstrate exactly what they can do to help New York community banks.

There are TWO 6-minute drill left to sponsor, so don't wait!. View the  sponsorship form to learn more. 


PAC Silent Auction


Our PAC Silent Auction returns! This a wonderful opportunity to help our industry stay competitive in the political process in Albany by supporting IBANYS' state political action committee, NYSIBPAC. 

The PAC contributes to New York State candidates and officials who understand and support the vital role community banks play in our local and state economies, as well as our communities.   Donate a gift today! View full information on the PAC Silent Auction here or download the PAC Silent Auction form to submit an item. There is also a video from last year's Convention to provide gift ideas. 

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Sponsorship & Exhibitor InformationExhibitorSponsorshipConvention


Demonstrate your support for community banking by becoming a sponsor or exhibitor at our Annual Convention! Our Convention Trade Show provides the opportunity for exhibitors to discuss their products and services with attendees, while also providing something that is unmatched in today's digital age: face-to-face interaction. IBANYS'  exhibitor trade show b egins Monday, June 10 at 5:30 p.m. and concludes Wednesday, June 12 at 11:00 a.m. View booths available, along with full exhibitor information. Or download the exhibitor registration form here


Becoming a convention sponsor gives your organization the chance to show its continuing support for community banking in New York, and to be recognized in our printed materials, signage and from the podium. Our Convention has various sponsorships available, including bronze silver, gold, and platinum sponsorships. Page 9 of our Convention brochure lists sponsorships available and what is included.

These two important opportunities give your organization a chance to both present your firm's products/services and show your support for community banking while networking with individuals who all value one common thing: the power of community banking.

Please take a moment to carefully review, and act soon to secure both your exhibitor booth location for the trade show and the event/activity you wish to sponsor.

Please note:  Both exhibitor space and sponsorships will be assigned on a first come, first served basis.
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EntertainmentEntertainmentConvention



Golf - Monday, June 10 at 10:30 a.m.
Paint & Sip - Monday, June 10 at 10:30 a.m.
After-Dinner Party & The Beadle Brothers Band - Tuesday, June 11 at 9:00 p.m.

The 2019 Annual Convention has various recreational activities to enjoy during your down time. Beginning on Monday, June 10 at 10:30 a.m., registrants can enjoy golf at    Kaluhyat Course   with an 11:00 a.m. shotgun start or a Paint & Sip with mimosas and brunch. If you are interested in attending one of these two events, please be sure to  mark it on your registration form or exhibitor registration form

At the conclusion of Tuesday evening's  PAC Silent Auction  and dinner, attendees can enjoy  The Beadle Brothers Band  at 9:00 p.m. at the  Tin Rooster , located inside of Turning Stone. No additional sign-ups or fees are required to attend the show, as it is part of our After-Dinner Party on Tuesday evening.

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SpeakersConventionSpeakers


Cindy Miller
Former LPGA Pro Golfer

Cindy Miller is a graduate of the University of Miami  where she began as a walk-on and gained All American status her senior year on the Division I Women's Golf Team. She served as Team Captain and helped her team win the  NCAA National Championships  in 1977 and 1978.

A veteran of five U.S. Women's Opens, she is a former LPGA Tour Player and presently a Class A LPGA Professional. Currently she plays on the Legends Tour, the Official Senior Tour of the LPGA and sits within the top 50 of their career money list. She competes with such LPGA Tour stars as Nancy Lopez, Pat Bradley, and Jan Stephenson. Cindy is sought after as a speaker, coach and corporate trainer. Teaching you to "Own Your Game", she uses decades of competitive golf experience and a lifelong pursuit of personal potential to educate, inspire, and entertain participants. Read full bio.

Ms. Miller will be our keynote dinner speaker on Monday, June 10 at 8:30 p.m.



Michael Jamesson
Founder/Principal
Jamesson & Associates

Mike Jamesson is the founder of    Jamesson & Associates.   He has over thirty years of experience in banking and related fields. Jamesson's experience spans the full range of banking institutions from community, thrift, and metropolitan regional banks to regional and super-regional bank holding companies. 

Since founding Jamesson Associates in 1991, he has focused his efforts on financial advisory services for community banks and thrifts. He is a regular contributor to the Independent Bankers Association of New York State bi-monthly newsletter and has been published in the national trade press. Mr. Jamesson is a frequent speaker at IBANYS seminars on market-related issues for community institutions. Read full bio.

Mr. Jamesson will be our first speaker on Tuesday, June 11 at 8:15 a.m. with his presentation "Economic Overview".

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These Community Banks Are Registered - Are You?


Registrations are coming in fast for the 2019 Annual Convention! Several community banks from across the state have already registered. Looking to join them? Now is the time! Register as a participant or exhibitor to secure your spot. You can also get involved by becoming a sponsor or donating an item to the PAC Silent Auction. Don't wait! Download the brochure to register for one of the most exciting New York community banking events of the year!
IBANYS Education/WebinarsWebinars
  WebinarSchedule2019

The 2019 Webinar is now available! The Independent Bankers Association of NYS (IBANYS) partners with CBWN to bring you more than 150 webinars each year covering compliance, lending, regulations, security, operations, new accounts, collections, fraud, security and other topics. Even better, each time you purchase a webinar, you support IBANYS, because a portion of your registration comes directly to us. Thank you!  

You can view the 2019 Webinar Schedule here or by category here. In addition, CBWN has made some recent updates to provide better service to its consumers. Unfortunately, some changes may have caused you to miss important webinar announcements. Please read the IBANYS letter to view the updates and ensure that you do not miss another webinar.

NEW WEBINARS ADDED FOR 2019NEWWebinars19

CBWN has added more than 140 webinars to the IBANYS webinar calendar, covering all the essential topics. Start the new year off right by gaining the knowledge and tools to make 2019 the best year yet! 


CBWN and IBANYS thank you for your continued support of the education in the community banking industry. 

Government Relations
AlbanyAlbanyGR

  

The 2019 state legislative session is approaching its final weeks, with adjournment scheduled for June 19. Here's a rundown of some recent legislative activity:

Introductions
  • One major new introduction last week was by State Senate Banks Committee Chairman James Sanders, who introduced legislation (S.5411) that would extend by five years the banking wild card law, until September of 2024. The law currently is set to expire this September. The law is a way for the New York State Department of Financial Services (DFS) to maintain the viability of the state banking charter vis-a-vis the federal charter.
  • Also introduced  was an unfavorable bill, S.5470 (Thomas), to create new disclosure requirements regarding commercial financing products, including fees, rates and repayments. There would be a severe non-compliance penalty as part of the requirements.
  Committees
  • The Assembly Banks Committee agenda includes A.1931 (Zebrowski)/S.982 (Breslin) would mandate banking institutions that maintain checking accounts for customers to pay checks in the order received within the account balance. Also on the agenda is A.1940 (Zebrowski)/S.2245 (Sanders) - by each of the Banks Committee chairs - to increase from eight to twelve the number of withdrawal transactions permitted in basic banking accounts for those 65 or older. 
  • The Senate Banks Committee agenda includes S.3227 (Sanders)/A.1772 (Peoples-Stokes), which would require explanation of additional non-public CRA data. This could place a bank's non-public information regarding the institution and its customers being at risk. 
Additionally, it is important to note that the Senate has given final legislative approval to A.5622 (Weinstein)/S.4236 (Hoylman) to modernize the state's creditor laws by enacting the "Uniform Voidable Transactions Act." 




DFS In Ongoing Battle With A Cryptocurrency Exchange

An ongoing disagreement between the New York Department of Financial Services (DFS) and Bittrex Inc. - a cryptocurrency exchange - illustrates growing tension between fintech innovators and regulators enforcing rules designed for older, traditional financial institutions. 

Last  month, DFS denied applications by Bittrex for licenses to run a virtual currency business and engage in money transmission activity. DFS also ordered Bittrex, which has operated in New York since 2015, to stop doing business in New York. Regulators referred to "deficiencies" in Bittrex's anti-money laundering and bank secrecy compliance, saying they led to a large number of transactions being processed for customers in countries targeted by U.S. economic sanctions.  Bittrex "adamantly" disagreed with DFS's claims and allegations, which it said contained numerous factual inaccuracies.  

Washington, D.C.WashingtonGR



CFPB Opponents Lose In Federal Appeals Court


A federal appeals court has upheld the constitutionality of the Consumer Financial Protection Bureau's (CFPB's) structure. The decision was a defeat for CFPB opponents, who had sought to get the question before the U.S. Supreme Court. Constitutionally, the appeals court ruled the CFPB's governance (by a single director who can be removed by the president solely for cause) does not violate the president's authority to appoint and remove executive branch officers. 



McHenry To Agencies: Pick Up Pace On Dodd-Frank Rollback

Patrick McHenry
Rep. Patrick McHenry (R-NC), ranking Republican on the House Financial Services Committee, pressed federal regulators for updates on their efforts to finalize rule rollbacks signed by President Trump in 2018.
 

McHenry   asked the leaders of the Federal Reserve Board, Consumer Financial Protection Bureau, Securities and Exchange Commission, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency for status updates on their implementation of a bipartisan law passed to loosen Dodd-Frank regulations, and urged them to pick up the pace.



Gillibrand Bill Would Require Broader Data Collection

Kirsten Gillibrand
Sen. Gillibrand (D-NY) will introduce legislation to require broader data collection on thousands of loan and credit applications. Her bill is an effort to "crack down" on lending discrimination. Gillibrand will sponsor a proposal to drastically expand the amount of data reported to (and analyzed by) the Consumer Financial Protection Bureau (CFPB) from banks, lenders and credit card companies.
 

Her "Protections in Consumer Lending Act" would require any lending or credit firm to collect demographic information from customers seeking automobile loans, credit cards, cash checking services, short-term loans and loans with annual percentage rates above 36%. Banks and lenders would be required to collect the age, race, sexual orientation, gender identity, sex and marital status of applicants for those products and report it to the CFPB, along with whether the applicants were approved or denied for the product. However, her bill faces an extremely uphill battle in the GOP-controlled Senate, which will likely oppose such an expansion of CFPB data-collection authority.
 


New Senior Staff Hires At FHFA

 

Two senior staff hires were announced at the Federal Housing Finance Agency. Christopher Bosland will serve as senior advisor for regulatory affairs, and Meghan Patenaude as a senior policy adviser. Bosland was chief of staff at the Treasury Department's Office of the Special Inspector General for the Troubled Asset Relief Program. Patenaude served as scheduling director for Vice President Pence.



Who's Next For The Fed? 


A group of GOP senators has a list of approximately a dozen potential candidates to fill the two Federal Reserve board vacancies - an indication the Republican caucus may take take a more hands-on role in the nomination process to avoid future embarrassment. (Both Stephen Moore and Herman Cain withdrew from consideration in the past two weeks due to controversies in their past that resulted in a lack of sufficient support among Republican Senators.) Meanwhile, among those reportedly on the President's list is Paul Winfree, former Deputy Director of the White House Domestic Policy Council, and Judy Shelton, U.S. Director at the European Bank for Reconstruction and Development.



Banking, Financial Services Committees Meeting


The Senate Banking Committee began its review of data collection and privacy at a  hearing  this week. During yesterday's hearing, committee members examined the European Union's General Data Protection Regulation to assess what has worked and could be replicated in the United States. Chairman Crapo (R-ID) said consumers should have the right to opt out of having their data sold or shared. He is also focused on data aggregators and adjusting the Fair Credit Reporting Act to address these entities. Chairman Crapo and Ranking Member Brown (D-OH) said there is enough bipartisan agreement to pass legislation to address data privacy concerns.

Meanwhile, today  the House Financial Services Committee scheduled a markup, and also held a meeting of its  Subcommittee on Housing, Community Development and Insurance to discuss  minority homeownership.



Comments On Proposed Call Report Revisions Due June 18

The FDIC is requesting feedback on proposed revisions to the Consolidated Reports of Condition and Income (call report), which introduces reporting requirements on the proposed Community Bank Leverage Ratio. 

The proposed call report revisions also address proposed amendments to the FDIC's regulations that would apply the CBLR framework to the deposit insurance assessment system. Comments on the proposal are due June 18, 2019. New York  bankers: use ICBA's "Be Heard" grassroots action center  to tell regulators the proposed 9% community bank leverage ratio is too high and to urge an 8% CBLR.
Industry Trends & Updates

The Economy By The Numbers

 
  • The U.S. Labor Department reported that the economy added 263,000 jobs in April. The unemployment rate declined 0.2 percentage points to 3.6%, the lowest level since 1969.
    According to the Institute for Supply Management (ISM), economic activity in the services sector slowed last month. ISM's non-manufacturing index dipped to 55.5% from 56.1% in March. 
  • Job gains were led by the professional and business services segment of the economy, which added 76,000 jobs. The "financial activities" segment of the economy added 12,000 jobs. Trailing the field was the retail trade segment, which lost 12,000 jobs after having lost 15,000 jobs in March.
  • The Labor Department also noted that U.S. job openings, a measure of labor demand, surged by 346,000 in March, to a seasonally adjusted 7.5 million. The Department 's monthly Job Openings and Labor Turnover Survey ("JOLTS") reported there was an increase in vacancies in the construction and transportation industries, and that the job  openings rate rose to 4.7% (from 4.5% in February.) Hiring remained essentially static at 5.7 million in March.
  • New York Federal Reserve Bank President John Williams said Friday that now is the time to rethink the Fed's monetary policy strategy, while the economy is in a "relatively benign place." He noted: "Markets are very sensitive to this issue."
  • The New York Fed's model says that a narrowing spread between the 3-month and 10-year Treasury's signals a 27% chance of a recession within the next 12 months.
  • Bank regulators are reportedly considering reviewing the rules that require large banks to hold cash to offset risk from derivative trades down as swaps, which are made between affiliates of the same company. The breakthrough for banks came at a meeting between Republican senators, banking regulators and FDIC Chairman McWilliams. The FDIC has previously opposed easing the requirement.
  • U.S. officials no longer think the federal government will make money off the federal student-loan program, and project it will cost taxpayers tens of billions of dollars in coming years according to a new congressional estimate. The program is losing money after a surge of borrowers defaulting on loans or enrolling in plans that ultimately will forgive a portion of their debt.
  • According to the nonpartisan Congressional Budget Office (CBO), the federal deficit jumped 38% during the first seven months of Fiscal 2019 compared to the same period last year. The deficit grew to $531 billion from the beginning of October to the end of April - well above the previous year's $385 billion mark.
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2019 Crowe/ICBA Bank Compensation & Benefits SurveyCroweICBASurvey

For more than 30 years, Crowe Horwath LLP has conducted a comprehensive annual  survey of compensation-related practices in the banking industry. This year, the survey report will provide salary and bonus benchmarks for 273 positions as well as information on benefits, incentives, director compensation, succession planning, and human resource practices. It will also allow you to benchmark your bank's compensation practices against those of other similar banks.
 
Participating in the 2019 survey is the first step to accessing valuable bank compensation benchmarks and trends across 273 jobs, including:

  • Salary trends and incentive payouts
  • Employee turnover and staffing levels
  • Benefit trends
  • Generations in banking
  • Board of directors' compensation
The survey results can help you address questions such as:
  • Are our employees being paid competitively?
  • What are banks planning for salary increases?
  • Is our executive compensation package competitive?
  • How do our director fees compare to others?
  • What can we do to control the costs of benefits?
  • How do our human resource programs compare with those of other banks? 
By completing the entire survey, you will receive access to exclusive thought leadership and a substantial discount off the retail price of the survey report. The survey closes May 31, so don't wait!


Banking News

Further Your Education at Barret Graduate School of Banking BarretGradSchool


Barret and IBANYS are aligned with a common interest: to represent the interests of the industry through effective advocacy and high quality educational offerings.

Located in Memphis, TN, Barret Graduate School of Banking offers a comprehensive graduate learning program for professionals in the financial services field. IBANYS has established partnerships with key industry educators including the Barret Graduate School of Banking. The school provides community bankers with an opportunity for a graduate degree in banking. 

We are currently endorsed by ICBA, ICBA Securities, Arkansas Community Bankers, CBAofGA, Indiana Bankers Association, CBAofKS, MIBA, CBAofOH, CBAofWV - with a couple more on the way. 

To learn more about Barret Graduate School of Banking, please visit   www.barret.ws.

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Bank of Cattaraugus Names New President CattaraugusNewPres
 
Colleen Young
Patrick J. Cullen of the Bank of Cattaraugus is pleased to announce the election of 
Colleen C. Young as President and Chief Executive Officer. Colleen Young joined Bank of Cattaraugus in 1997, became Vice President in 2003, and a Director in 2004. "She comes to his position with 22 years of experience at this bank and is a strong and trusted leader. She has been a key part of the bank's success and we are thrilled to promote her to this important position." said Cullen. Colleen Young graduated from St. Bonaventure University in 1996 with a Bachelor's Degree in Business and a Major in Accounting. Colleen Young succeeds her father Patrick Cullen who has been President of the Bank of for 37 years and her grandfather L. Edgar Cullen who was the Bank's President for 25 years. Patrick Cullen, who is stepping down as President, was named Chairman of the Board of Directors, and willparticipate in the bank's corporate strategic planning and serve on various committees. He will continue his efforts and involvements in the historic preservation of the Cattaraugus Area.
 
Bank of Cattaraugus is the oldest Independent Commercial Bank in Western New York State and is one of the oldest bank in the country. The Bank has one office in the village of Cattaraugus. The bank's practice of keeping local deposits available for local loans has been a successful formula for Bank of Cattaraugus for 137 years.
 
Please welcome the new President of Bank of Cattaraugus, Colleen Young.

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Keep The Door Open For Your Small Business Customers

Excelsior Growth Fund (EGF) is NYBDC's nonprofit Community Development Financial Institution and IBANYS' exclusive online lending partner. Join the growing number of banks that work with EGF to offer their customers an affordable and responsible option when they do not qualify for traditional financing. EGF offers loans up to $500,000 with a convenient, digital process. Loans under $100,000 are disbursed within 5 business days.

 EGF's experienced team can work hand-in-hand with yours to develop a customized process to make referring seamless. To learn more about offering your customers a second look through EGF contact Bryan Doxford, SVP, at bryan.doxford@excelsiorgrowthfund.org at at (212) 430-4512.

Convention Spotlight of the WeekConventionSpotlightofWeek

S.R. Snodgrass, P.C.

S.R. Snodgrass, P.C. was built on a strong foundation of stability, integrity, and high-quality customer service. 

Since 1946, their independent accounting and consulting firm has assisted clients in the ever-changing world by taking a consultative approach. S.R. Snodgrass, P.C. professionals provide vast expertise in the areas of auditing and assurance, internal audit and regulatory compliance outsourcing, information technology, consulting, enterprise risk management, and tax management. Learn more.



CEIS Review, Inc.

The CEIS Review mission is to be the preeminent provider of independent outsourced loan review, loan portfolio stress testing, ALLL methodology validation or refinement, as well as being a provider of related commercial credit management techniques to financial institutions worldwide. Their commitment is to commercial banks, savings banks, credit unions, foreign branches and agencies, multinational organizations and other firms requiring a third party assessment of loan portfolio quality and process. Learn more.



CloudBnq, Inc.


CloudBnq.com turns Community lenders into Digital lenders. CloudBnq.com is a loan origination solution that enables all lending product types with no upfront capital or IT investment, does not change the lending policies in place today & reduces the cost/time across all loan origination. Learn more.



Metropolitan Commercial Bank

H eadquartered in New York City, Metropolitan Commercial Bank is a full-service commercial bank with banking centers in Manhattan, Boro Park Brooklyn and Great Neck, Long Island.  The bank is known for its white glove personal service. 

Combining the relationship-driven banking experience you would expect of a community bank with an extensive suite of products and services. They not only have the capabilities and capacity to meet your needs, but also have the ability to craft highly innovative solutions to your precise challenges based on an intimate familiarity with your business. Metropolitan Commercial Bank professionals are prudent lenders who look beyond the simple numbers on a spreadsheet for the context to understand your needs and help you take advantage of the opportunities that you make happen. Learn more. 



Compliance Anchor


Owned and managed by community bankers for community bankers, ACBB/Compliance Anchor has been serving financial institutions since 1983. They provide correspondent services to over 300 shareholder banks in addition to many non-shareholder banks. From their full product and service lineup to banking expertise with a personal touch, they help their customers meet the needs of their communities. ACBB can satisfy the correspondent needs of community banks of all sizes, including regional financial institutions. Learn more.



Info Agora

Founded in 2004 by Grigoris Karakoulas, InfoAgora delivers innovative prescriptive analytics, RegTech (IFRS9/CECL/IRRBB/Basel III)  solutions and risk management consulting that have enabled their clients to proactively manage risk/reward in their portfolios and increase profitability.

As a thought leader and provider of leading-edge analytics solutions, the company empowers Financial Services companies with new capabilities to understand and predict customer behavior, measure and mitigate risk under different macro and micro scenarios, at both the customer and portfolio levels, in order to gain competitive advantage.  Each of their solutions leverages proprietary machine learning technology. Their breakthrough data preprocessing and modeling techniques deliver dynamic and robust models for predicting customer behavior, such as default, loss given default, prepayment, usage, attrition, and fraud. Learn more.


Sandler O'Neill

Sandler O'Neill + Partners, L.P. is a full-service investment banking firm and broker-dealer focused on the financial services sector. Their clients include a wide variety of financial firms nationwide, and increasingly, around the globe. Sandler O'Neill  provides the full suite of investment banking services, including merger and acquisition advisory, capital markets, fixed income and equity trading and sales, equity research, balance sheet management, mortgage finance, and consulting services to financial institutions and their investors.

Sandler O'Neill is a partnership and different by design. Since the firm's founding in 1988, its partners have sought to provide banks, thrifts and other financial services companies with an alternative to large Wall Street banking firms. Their focus has always been to enhance the franchise value of their clients. They provide clients a wealth of experience and knowledge more critical to them today than ever. Learn more.
IBANYS Spotlight Is On...








TRAVELERS BANK INSURANCE PROGRAM:  Banks & Diversified Financial Institutions

Meeting the insurance needs of depository financial institution clients, which can range from a community bank to a credit union to a diversified financial company, can be a challenge. Fortunately, Travelers has many solutions for this varied segment. 

Travelers offers a range of  insurance protection through Travelers SelectOne+ ® . This flexible product line provides a robust portfolio of insurance options, including D&O, cyber, bankers professional liability, financial institution bonds, ID fraud expense reimbursement and property/casualty coverages. Their dedication to community banks has helped them earn a "preferred partner" status with IBANYS, and the endorsement of the Independent Community Bankers of America. 

Learn more about the SelectOne+® ICBA Insurance Program:

Contact: Mark Horton, Agent

Phone: (800) 542-8770
Website:  www.travelers.com .

IBANYS Endorsed Services
IBANYS identifies offers products and services that provide value to your banks, companies, employees communities. These brief summaries provide links for information. Please contact IBANYS President John Witkowski with questions.

Health & Wellness

My Wellness Resource & TELADOC

The health and wellness landscape continues to evolve. "My Wellness Resource" can be a nice addition to your existing benefit package. 

Teladoc can save your banks time and money, and provide real value to your employees as this testimonial from a New York community bank CEO proves:
HERE'S WHAT YOUR FELLOW NEW YORK
COMMUNITY BANKER SAYS. . .
"I wanted to let you know that some of our employees and I have been using "Teladoc" and it is one of the best things we have done for the bank. We all love it: We are saving time, avoiding waiting in an urgent care center or a doctor's waiting room for non-emergency related illnesses . . .and it is easy to use and convenient. Once you use it, you are hooked! This was a great find! Would recommend it to all banks."

Mario Martinez 
Chairman & CEO
Catskill Hudson Bank

Contact Alan Justin: (716) 907-5500. 




"Cure the Blue" Helps Banking Industry Battle Prostate Cancer!

The "Cure the Blue" program sponsored by the Buffalo Bills Alumni Foundation allows New Yorkers to participate in one of the most comprehensive efforts to help promote prostate cancer awareness and research in the United States.  Lake Shore Savings Bank has provided prostate cancer literature and Cure the Blue information at all eleven of its branches and their headquarters in Dunkirk. The bank also offered Cure the Blue ceramic lapel ribbon pins for a $5.00 donations to Cure the Blue to all their customers. "We fully understand the severity of this disease and the devastating effect it can have on families" said Lake Shore Savings Bank President and CEO Dan Reininga. "Our support of the Buffalo Bills Alumni Foundation's "Cure the Blue" initiative is something that we are taking very seriously and are proud to support." Buffalo Bills Wall of Famer and Alumni Foundation President Booker Edgerson, a two time prostate cancer survivor, said the bank has been a tremendous longtime supporter, noting: "They have really stepped up to the plate with their unwavering support of our Cure the Blue initiative." 

IBANYS urges all of our member banks, associate members and allies to join the effort. Cure the Blue" raises funds and awareness regarding prostate cancer in New York State. Visit  curetheblue.com  to get involved! Of all new cancer cases in the nation, prostate cancer represents 9.6%. In 2017, there were an estimated 161,000 new cases, and more than 26,000 fatalities due to the disease. Support IBANYS' "Cure the Blue" campaign to help New Yorkers participate to promote prostate cancer awareness and research.


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Did You Know?


. . .that 45 years ago in 1974, the year IBANYS was established, the Superintendent of the NYS Banking Department was Harry Albright, the Chairman of the FDIC was Frank Wille and the Chairman of the Federal Reserve was Arthur Burns?

 
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John J. Witkowski
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