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NBA Announces Lineup of Speakers, Entertainment for 2023 Convention

Join us for the 2023 NBA Annual Convention at the Embassy Suites in La Vista, May 3-5! Here are the outstanding speakers you can look forward to hearing from during this year’s event:

• Steve Bench, Founder, Generational Consulting, LLC – Attracting Tomorrow’s Bank Talent with Today's Leaders
• Rob Nichols, President & CEO, American Bankers Association – Regulatory and Legislative Challenges Facing the Industry
• Paul Long, Fundamism – Connecting Work and Life Through Fun!
• Guy Adami, Original member of Fast Money Five and Wall Street Veteran – Where Will a Post-Pandemic Market Take Us?
• Rachel Wilson, Former Head of Counterterrorism Operations, National Security Administration – The New Cyber Threat Landscape
• Gary Svec, Managing Director – Investment Banking, Performance Trust Capital Partners – 7 Habits Of Highly Effective Capital Allocators
• Mitch Holthus, Sportscaster and Presenter of Life-Living Issues – Going Back to School...and Getting All Fs

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NBA Annual Meeting Notice

Notice is hereby given that the annual meeting of the Nebraska Bankers Association, Inc. will be held Thursday, May 4, 2023, at 11:00 a.m. at the Embassy Suites in La Vista. The Annual Meeting is held in conjunction with the NBA Annual Convention, May 3-5, 2023.

Last week during the NBA Board of Directors meeting, the NBA Nominating Committee recommended an outstanding slate of bankers to serve in leadership positions for the NBA’s 2023-2024 fiscal year. The membership is provided the opportunity to vote on the nominees on Thursday, May 4, during the NBA Annual Convention at the Embassy Suites in La Vista.

See the Nominees

The NBA's annual Bank Compensation and Benefits Survey has been a valued member benefit for many years, with over 60% of our members participating. We are excited to announce a new tool that will replace the old survey and provide even more valuable insights to bank leaders.

The new platform allows banks to compare their total compensation and benefits package against industry standards set by other regional institutions. Survey results can help banks make informed decisions related to payroll, employee recruitment, and retention, giving members a competitive edge in today's employment market. The platform collects data on 100 job positions and covers areas such as health, medical, recruitment, and benefits from banks in Kansas, Illinois, Iowa, Missouri, Nebraska, and Ohio.

All presidents and CEOs received an email early last week containing information on how to log in to the new platform and claim their bank. While only one person can claim a bank, they can add others to complete the survey or view the results. Members of the NBA who participate in the 2023 survey can purchase the results at a discounted price of $195, and a custom benchmarking report will also be available to those who purchase the survey results. Non-participating members can purchase the survey results for $395. The survey results will be available later this summer.

If you have any questions, please contact Ron Arrigo at the NBA at [email protected] or 402-474-1555.

During the March 24 NBA BankPAC Committee meeting, Luke Rickertsen (Flatwater Bank, Gothenburg) announced the launch of the 2023 BankPAC Campaign. The Committee established a goal of $160,000 for this year’s campaign and urges all NBA members to support the cause by involving their staff in the political process through PAC internal campaigns.

The Nebraska BankPAC plays a critical role in the political effectiveness of the state's banking industry, allowing it to influence the debate on legislative issues. By contributing to the PAC, bank officers, directors, and employees in Nebraska come together to represent their collective political strength.

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For questions about NBA BankPAC, contact Jennifer Heaton at the NBA at [email protected] or call 402-474-1555.

Bidding for the NBA BankPAC Silent Auction opens on April 28, but there’s still time to donate an item. 

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

Silent Auction Items

During meetings last week, the NBA and NBISCO Boards of Directors approved budgets for the 2023-2024 fiscal year. Associate member applications from Midwest Housing Equity Group, Performance Trust Capital Partners, and SOLVE Consulting were also approved by the NBA Board of Directors. The NBISCO Board of Directors also considered charitable contributions.

The American Bankers Association’s (ABA) Government Relations and Emerging Leaders Councils both have openings for Nebraska bankers. If you are interested in serving, please contact NBA President and CEO Richard Baier at the NBA at [email protected] or 402-474-1555.

Legislative, Policy & Regulatory Updates

Senate Banking Committee Holds Hearing on Bank Closures

Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg, Federal Reserve Vice Chairman for Supervision Michael Barr and Treasury Undersecretary for Domestic Finance Nellie Liang appeared before the Senate Banking Committee yesterday to discuss the failures of Silicon Valley Bank (SVB) and Signature Bank and the subsequent federal response. The witnesses agreed that financial institution rules should be strengthened to better protect the overall financial system. However, some lawmakers questioned whether regulators failed to use their existing tools to rein in Silicon Valley Bank. 

A major focus of the hearing was a 2018 bill that gave the Federal Reserve board discretion over how it supervises banks ranging in size from $100 billion to $250 billion in assets. Barr said the Agency is reexamining the 2019 rule. All three witnesses agreed that they would support stronger rules to protect the financial system.

Read Gruenberg’s Remarks

Read Barr’s Remarks

Read Liang’s Remarks

Silicon Valley Bridge Bank Purchased

First-Citizens Bank & Trust Company has agreed to purchase the deposits and loans of Silicon Valley Bridge Bank, N.A., which was established to facilitate the receivership of Silicon Valley Bank (SVB). SVB’s failure is estimated to cost the Deposit Insurance Fund approximately $20 billion.

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Circuit Court Rules CFPB Funding is Constitutional

The U.S. Court of Appeals for the Second Circuit upheld the constitutionality of the funding structure of the Consumer Financial Protection Bureau (CFPB). The three-judge panel's decision supports a previous ruling in 2020 that favored the consumer watchdog and contradicts a ruling made by the Fifth Circuit Court of Appeals last year. Notably, the Supreme Court agreed in February to hear the case brought forth by the Fifth Circuit, which challenges the funding apparatus of the CFPB.

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FinCEN Releases Beneficial Ownership Reporting Guidance

The Financial Crimes Enforcement Network (FinCEN) has released guidance materials to help the public and small businesses understand the beneficial ownership information reporting requirements that will take effect on Jan. 1, 2024. The materials include a FAQ, one-page guides, and videos that provide detailed information about the reporting requirement. The new regulations will require many entities registered or created in the United States to report information about their beneficial owners to FinCEN. 

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The FDIC will host a webinar on Thursday, April 13, from 10:00 a.m. to noon CDT to review the ins and outs of FDIC deposit insurance. Carl Pry, managing director for Treliant Risk Advisors in Washington, D.C., will discuss a variety of common questions related to FDIC coverage.

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Now through June 30, take $200 off a three 30-day job posting package on the nationwide job board BankTalentHQ with the code SAVE200. 

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