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Today, the NBA held a special convention to vote on proposed changes to the NBA’s amended and restated articles of incorporation to create a new class of associate members, Associate Member – Colorado Bankers Association Affiliate. The amendment was approved unanimously. Beginning Jan. 1, members of the Colorado Bankers Association that join the NBA under this associate membership will be eligible to access NBA programs and services, including those offered through NBA Benefit Plans.

BankPAC is a key part of the NBA's government relations efforts. The funds raised are used to make contributions to political candidates for Nebraska's Unicameral and congressional delegation. When your contribution is combined with others within the banking industry, it works for the good of the entire industry in Nebraska.

The NBA BankPAC Committee directs the fundraising efforts and determines which candidates receive financial support. The committee encourages all NBA members who have not already made their contribution to participate by urging their officers, directors and employees to support the industry for which they work. Conducting an internal BankPAC campaign will assist in reaching the increased goal of $200,000.

There are a few simple steps to running an internal BankPAC campaign:

• Visit nebankers.org/bankpac for more information
• Designate an employee to be your BankPAC captain
• Discuss the importance of NBA BankPAC at an upcoming meeting with your employees, board of directors and shareholders and encourage them to make individual contributions to BankPAC
• Celebrate the bank’s success!
• Jeans Day: Have a dress-down day at your institution. In the past, banks have used this promotion to allow employees to wear everything from jeans to their favorite team’s logo wear. It does not matter how you interpret Jeans Day - the important part is supporting our efforts.
• Floater Days/Personal Days: Employees who contribute over a certain dollar amount to NBA BankPAC have their name entered into a drawing for floater or personal days.

Be creative! Don’t forget to send your pictures to the NBA so that we can promote your accomplishments to all NBA members.

If you have questions about the NBA's political action efforts, contact Jennifer Heaton at the NBA at jennifer.heaton@nebankers.org or 402-474-1555.

Criminals are forging business checks and recruiting vulnerable individuals, such as the homeless, to cash them. The scheme involves altering stolen check details or using information from the dark web. In recent cases, the criminals have taken the homeless from Omaha to rural banks to attempt to cash the checks. Banks are urged to be extra vigilant when processing business payroll checks.

Legislative, Policy and Regulatory Updates

FDIC Releases Quarterly Banking Profile

According to the Federal Deposit Insurance Corporation Quarterly Banking Profile, FDIC-insured banks reported a second-quarter net income of $71.5 billion, an increase of $7.3 billion or 1134% from the previous quarter.

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Nebraska Report

FinCEN Releases Report on Mail Theft-Related Check Fraud

The Financial Crimes Enforcement Network reported over 15,000 cases of mail theft-related check fraud in the first half of 2023. Criminals most often alter and deposit stolen checks. Other methods include creating counterfeit checks using stolen ones as templates and fraudulently signing and depositing the stolen checks.

Read the Report



Fed Seeks Public Input on Discount Window Operations

The Federal Reserve has issued a request for feedback on the operational practices of its discount window, including documentation collection, pledging and withdrawing collateral practices, extension of intraday credit and other practices. 

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Graduate School of Banking at Colorado 

• Josh Johnson, Columbus Bank & Trust Co., Columbus
• Thomas Kelly, Western Nebraska Bank, Paxton
• Cody Krafka, Bank of the Valley, David City
• Michelle Michaelsen, Lauritzen Corporation, Omaha
• Taylor Oltjenbruns, Midwest Bank, Pierce
• Michael Phillips, Dayspring Bank, North Platte
• Nolan Samek, Bank of the Valley, Schuyler
• Camerin Schimenti, State Bank of Scotia, Scotia
• Marjorie Steever, Cornerstone Bank, York
• Phil Wieck, Bruning Bank, Grand Island
• Amy Wolfskill, NebraskaLand Bank, North Platte

Graduate School of Banking at the University of Wisconsin-Madison

• Kelle Grefe, Northwest Bank, Omaha
• Ryan Groteluschen, Flatwater Bank, Gothenburg

Congratulations to these Nebraska bankers!

Sept. 4-10

Email your news, press releases, photos and/or newspaper articles to be published in Banks & Bankers to news@nebankers.org.

Assurance Services

Did you know a Marijuana Termination SAR is required to be filed when a bank decides to close a marijuana-related business account because of BSA Risk?

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Compliance Hub

Q: What is the scope of the new Reconsideration of Value (ROV) Final Rule? When must banks comply with its updates?

Learn the Answer

Examiners are focused on getting banks to do things the right way - but what is the right way? Guidance differs, regulations crisscross, scenarios change, and banks have unique risk positions. That’s why so many banks continue to come to Virtual Partners. Virtual Partners delivers the kind of job-specific training and federal regulatory guidance that brings in every element of the solution. We tailor our learning curves to you.

Let Compliance Alliance prove we’re the guide you need when you schedule a conversation with our team at 888-353-3933 or info@compliancealliance.com.