View as Webpage

NBA Connects Bankers, UNK Students

Last week, the NBA joined local bankers to engage University of Nebraska at Kearney College of Business and Technology (CBT) students in discussions about careers in banking during a Meet the Bankers event. The NBA also staffed a booth in the CBT lobby and provided coffee and donuts to students. The event concluded with a pizza lunch. Thank you to the bankers who attended!

This event was part of the Bank On Your Future initiative, a comprehensive campaign aimed at addressing the workforce needs of Nebraska's banking sector and promoting banking as the industry of choice for a broader and more diverse group of young Nebraskans. To learn more about this initiative and to stay updated on upcoming events, visit nebankers.org/bankonyourfuture.

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

Steven Mah, NBA workforce development coordinator, prepared to greet UNK students with coffee, donuts and information about careers in banking.

Two UNK scholarship recipients discussed their banking experiences with Jacob Arendt, Heritage Bank (Aurora).

Connor Peterson, First Bank and Trust Co. (Minden), visited with a UNK student over lunch.

Jeff Kreycik, Heartland Bank (Kearney); Jacob Arendt, Heritage Bank (Aurora); and Matt Mundorf, Cornerstone Bank (Hildreth), spoke to the Introduction to Agribusiness class.

Legislative, Policy & Regulatory Updates

FinCEN Proposes Beneficial Ownership Information Form Changes

The Financial Crimes Enforcement Network (FinCEN) is reevaluating its approach to collecting beneficial ownership information. FinCEN had initially proposed a form that allowed companies to submit incomplete responses. Critics said that would allow companies to report "unknown," "unable to identity all company applicants" and "unable to identify all beneficial owners" as responses. FinCEN now plans to require every field on the form to be completed before submission, preventing any blank fields. However, recognizing that some companies may struggle to obtain all required information promptly, FinCEN may later consider allowing incomplete forms with specified reasons for temporary incompleteness. Feedback on the proposed change is due Oct. 30

Learn More

Gruenberg: Deposit Insurance Modifications Not Likely

Speaking at a conference last week, Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg said changes to deposit insurance are unlikely. "While there was considerable interest in the immediate aftermath of the bank failures earlier this year, that has dissipated with time," Gruenberg said. "At this point, there does not seem to be any imminent likelihood of changes to deposit insurance coverage in the U.S."

Read Gruenberg's Remarks

Graduate School of Banking-Wisconsin Opportunities

The NBA and the Graduate School of Banking-Wisconsin (GSB) are cosponsoring a wide variety of online seminars throughout the remainder of 2023. Click on each month to learn more: October, November and December. GSB seminars are designed to meet the dynamic learning needs of today's busy financial professionals and are delivered by some of today's top industry experts. All sessions are recorded, so if you’re unable to attend one of the live presentations, it’s no problem!

Meet A Banker

Valerie Reyes is proof that there's no one-size-fits-all path to a successful banking career. Before becoming a personal banker, she was the owner of an in-home daycare. Fast forward nine years, and you'll find her helping customers make their dreams come true as a mortgage loan officer at WCB in Blair.

For Valerie, banking is about more than loans and accounts, it's about impacting her community. "Having a financially stable community gives a sense of peace," she said. That's why it's so important for her to give back to the community she and her family call home.

Learn More

Do you know a banker we should feature for Hispanic Heritage Month? Share this form with them and help the NBA highlight the diverse opportunities available in banking.

The Nebraska Department of Economic Development is now accepting applications for the InternNE program. The program provides grants to cover expenses related to internships, including:

• Tuition reimbursement
• Internship housing
• Transportation expenses related to internships
• Internship recruitment or administrative costs

Businesses may apply for up to $7,500 per internship. Applications are due Nov. 30.

If your bank is interested in hosting an intern, be sure to check out the Bank On Your Future Internship Toolkit. This comprehensive toolkit covers all aspects of building and overseeing successful internship programs, including insights on recruiting interns.

Learn More and Apply