Pub. 12 2022-2023 Issue 2

©2022 The Colorado Bankers Association is proud to present Colorado Banker as a benefit of membership in the association. No member dues were used in the publishing of this news magazine. All publishing costs were borne by advertising sales. Purchase of any products or services from paid advertisements within this magazine are the sole responsibility of the consumer. The statements and opinions expressed herein are those of the individual authors and do not necessarily represent the views of Colorado Banker or its publisher, The newsLINK Group, LLC. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by The newsLINK Group, LLC. Jenifer Waller President & CEO Alison Morgan Director of State Government Relations Brandon Knudtson Director of Membership Lindsay Muniz Director of Education Rita Fish Communications & Office Manager Margie Mellenbruch Bookkeeper* Craig A. Umbaugh Counsel* Jim Cole Lobbyist* Melanie Layton Lobbyist* Garin Vorthmann Lobbyist* Andrew Wood Lobbyist* * Outsourced 140 East 19th Avenue, Suite 400 Denver, Colorado 80203 Office: 303.825.1575 Websites: coloradobankers.org smallbizlending.org financialinfo.org colorado-banker.thenewslinkgroup.org Contents Over a Century BUILDING BETTER BANKS— Helping Coloradans Realize Dreams 12 4 23 Colorado Bankers Association The 2 A Word from CBA’s Chairman: The Value of Membership 4 Navigating the Turbulence of Rising Rates, Inflation and Volatility Hedging tools allow banks to prepare before next quarter’s volatility — and potential rate change. 6 Bankwork$ Training Bank Employees of Tomorrow 10 What is a CDFI? 12 The Impact of Delaying an Overdraft Evaluation Overcome Obstacles With Proven Resources 14 Financial Abuse of The Elderly 16 Colorado Bill Restricts Non-Compete Agreements and Creates Substantial Penalties for Violations 20 How Banks Can Respond to the Shifting Funding Landscape 23 ATM Pooling: Solving the ATM Puzzle for Community Banks September • October 2022 1

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