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Build the Banking Workforce - Host an Intern

Internships are an increasingly important part of college students’ career preparation.

Consider these statistics from the National Association of Colleges and Employers:

• Since 2013, at least 60% of students in each graduating college class completed an internship in college. 
• Over 80% of graduates said internships influenced their career direction. 
• This year, employers expected to increase intern hiring by 22.6%. 

By hosting an intern at your bank, you’re introducing college students to many career possibilities within banking and building the future banking workforce. 

Students enrolled in the Agricultural Banking & Finance Program at the University of Nebraska-Lincoln are required to complete a 10-week internship with a Nebraska bank following their junior year of college. Students in the University of Nebraska at Kearney’s Finance and Banking Program also complete an internship as part of their curriculum. In addition, the NBA receives inquiries from other students at other colleges interested in an internship at a Nebraska bank.

If your bank is interested in hosting an intern through the NBA, please complete this form.

See what some of the 2021 interns had to say about their experiences here.

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

Legislative, Policy & Regulatory Updates

FDIC Proposes Deposit Insurance Assessment Increases

The Federal Deposit Insurance Corporation (FDIC) released a proposal to increase deposit insurance assessment rates by two basis points, beginning in the first quarter of 2023.

FDIC staff noted that "for the industry as a whole, staff estimate that the estimated annual increase in assessments would average 1% of income, which includes an average of 0.9% for small banks and an average of 1% for large and highly complex institutions." The proposed increase would stay in place until the Deposit Insurance fund reserve ratio reaches 2%.

Comments on the plan are due Aug. 20.

Read the Proposal

CFPB to Review Credit Card Late Fees, Banks’ Overdraft Programs

The Consumer Financial Protection Bureau (CFPB) today issued an advance notice of proposed rulemaking regarding the 2010 credit card late fee initiative. The CFPB will assess whether credit card late fees are “reasonable and proportional.” 

As part of a pilot program, the CFPB is also attempting to measure the impact of overdraft and nonsufficient funds practices on consumers. It has requested information on these funds practices from certain institutions identified as having a higher share of frequent overdraft users or higher average fees. 

CFPB Director Rohit Chopra also announced plans to review Qualified Mortgage Rules as part of the bureau’s reconsidered approach to regulatory guidance.

Nonbank Mortgage Originations Climbs

According to Home Mortgage Disclosure Act data, the share of mortgages originated by nonbanks in 2021 increased by 3.2% to 63.9%. The total number of originated closed-end loans increased by about 528,000 between 2020 and 2021. Refinance originations decreased by 1.4% from 8.5 million, and home purchase lending increased by 9.2% from 4.8 million.

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Banks & Bankers

June 15 - 21

Email your news, press releases, photos and/or newspaper articles to be published in Banks & Bankers. Send content to [email protected].

NBA Leadership Class of 2024 member Joe Libal's interest in banking began at a very young age. He remembers adding dollar bills to a suitcase during a kindergarten coloring activity that asked what he would bring on vacation. Joe currently serves as an assistant vice president in agricultural and commercial lending at Flatwater Bank in Gothenburg.

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Follow the NBA on social media to meet more Nebraska bankers.

Facebook | Twitter | Instagram | LinkedIn

Spotlight Your Interns

The NBA wants to spotlight your internship on social media. Share this form with your bank’s interns. 

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

Cassidy Smith interned at First State Bank Nebraska last summer as part of the NBA's Ag Banking & Finance Program. After graduating in December, she joined the bank as a credit analyst.

The annual American Bankers Association (ABA) Farm Bank Performance Report released today shows agricultural lending by farm banks was up 5.5% in 2021. Farm banks are defined as "banks whose ratio of domestic farm loans to total domestic loans is greater than or equal to the industry average."

The report indicates an improvement in asset quality and that 98% of farm banks were profitable. "As we look ahead to the second half of 2022, the ag sector will continue to face challenges resulting from the war in Ukraine, inflationary pressures and ongoing supply chain disruptions. Farm banks are well-positioned to continue supporting their customers and the communities they serve well into the future," said ABA Chief Economist Sayee Srinivasan.

Read the Report

The ABA Foundation’s Community Commitment Awards national program celebrates America’s banks and bankers and their dedication to the people and communities they serve. 

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