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NBA Visits Nebraska's Congressional Delegation

NBA Chair-Elect Lydell Woodbury, First Nebraska Bank (Valley); NBA Government Relations Committee Chair Nick Vrba, First State Bank & Trust, Co. (Fremont) and NBA President and CEO Richard Baier met with Nebraska’s Congressional Delegation this week as part of the American Bankers Association’s (ABA) Freshman Fly-In. They discussed how banks positively impact Nebraska communities and legislation impacting banks.

Left to right: NBA President and CEO Richard Baier; Rep. Mike Flood; NBA Chair-Elect Lydell Woodbury, First Nebraska Bank (Valley); and NBA Government Relations Committee Chair Nick Vrba, First State Bank & Trust, Co. (Fremont)

Left to right: NBA President and CEO Richard Baier; NBA Government Relations Committee Chair Nick Vrba, First State Bank & Trust Co. (Fremont); NBA Chair-Elect Lydell Woodbury, First Nebraska Bank (Valley); Rep. Don Bacon; and ABA Vice President-Congressional Relations Blake Early.

Submit Board of Directors and Chair-Elect Nominations

Nominations for the NBA Board of Directors and Chair-Elect are due Feb. 27. The NBA Nominating Committee will meet on March 23 to review nominations. Board members and the Chair-Elect will be elected by a vote of the Association's membership at the annual meeting on May 4, during the 2023 NBA Annual Convention.

For more information, contact Jennifer Heaton at the NBA at [email protected] or 402-474-1555.

Nomination Form

Donating an item to the NBA BankPAC Auction is a fun way to support the NBA State BankPAC. Donated items should have a retail value of at least $100 and need to be sent to the NBA office by April 20. Popular items from past auctions include tickets to sporting events, golf packages, home decor, electronics and jewelry. 

Your NBA BankPAC Auction donation assists the banking industry in electing pro-banking, pro-business candidates. The Annual NBA State BankPAC Auction will be held during the NBA Convention on May 3-5 at the Embassy Suites in La Vista.

If you have an item to donate or have questions, contact Jennifer Heaton at the NBA at [email protected] or 402-474-1555.

Donation Form

Legislative, Policy & Regulatory Updates

CFPB Proposes Ending Credit Card Late Fee Safe Harbor

Last week, the Consumer Financial Protection Bureau issued a proposed rule reducing the safe harbor for credit card late fees from $30 to $8 and eliminating the higher rate for repeat violations. In addition, the annual inflation adjustment provided by the Federal Reserve Board in 2010 would be removed, and late fees would be capped at 25% of the required payment under the proposal.

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Postal Service Proposes Rule on Mailing Cash Deposits

The U.S. Postal Service has proposed a rule that would require business customers to send cash deposits over $500 via registered mail. If implemented, the proposal would take effect on March 1, 2023.

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February is Black History Month, and we’re featuring Black Nebraska bankers throughout the month. First up, meet Anthony Guliford.

He’s a compliance specialist at WCB in Blair. His job includes monitoring cash and transaction receipts to ensure that there is no suspicious activity. Anthony has been in banking since 2016 and enjoys helping to protect the bank’s customers from financial fraud and scams.

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Do you know a banker we should feature for Black History Month? Share this form with them and help the NBA highlight the many opportunities available within banking.

Meet Steven Mah, the NBA’s new workforce development coordinator. Steven is from Omaha and graduated from the University of Nebraska-Lincoln and Creighton Prep High School.

What are you looking forward to in your new role?

I'm looking forward to connecting with our vast network of bank members across the state and helping build a strong pipeline of the next generation of banking professionals!

What is your favorite thing about Nebraska?

My favorite thing about Nebraska is that no matter where you are in the state, you will always feel welcome. Nebraska nice isn't just a cliche, but a warm kindness that I see on display every day. Plus, I love how we get the best of both worlds with vibrant big city environments in Lincoln and Omaha, but rural peacefulness only a short drive away.

What are your hobbies?

My hobbies include shamelessly cheering on our beloved Huskers, attending concerts of my favorite artists, spending quality time with family and friends, and training for my next half marathon!

Now through March 31, take 20% off job posting packages on the nationwide job board BankTalentHQ with the code 20OFF23. 

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The banking industry is being targeted by emerging ransomware schemes. According to a 2022 survey by the Risk Management Association, 85% of community bank executives have identified cybersecurity as a top priority. Current ransomware threats pose a greater challenge than before. A recent SafeAlert publication outlines the current threat landscape and provides best practices to reduce exposure.

For a comprehensive review of your bank’s insurance coverage, contact Mitch Florea at NBISCO at 402-904-7014 or [email protected].