Pub. 3 2013-2014 Issue 2

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S September • October 2013 3 The Colorado Bankers Association is proud to present COLORADO BANKER as a benefit of membership in the Associa- tion. 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. 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. 5 Chairman’s Message 6 A Word From CBA... 8 FEATURE: Word to the Wise: Banks Buying Banks with SBA Portfolios Better Look in the Closet 10 FEATURE: Health Care Reform “Play or Pay” Delay 13 FEATURE: Information Security: A 21 Question Self-Assesment 15 FEATURE: BOLI Is Becoming an Increasingly Attractive Option For Banks 18 FEATURE: Recent Employment Law Developments Affecting the Banking Industry 21 FEATURE: The Colorado Petroleum S torage Tank Fund Certificate of Eligibility 22 FEATURE: What to Expect from the CFPB for the Rest of 2013 24 FEATURE: GSBC Congratulates 2013 Colorado Graduates Don Childears President/CEO Jenifer Waller Senior Vice President Amanda Rogowski Director of Marketing Amanda Averch Director of Communications Fritz Mackey Executive Assistant Margie Mellenbruch Bookkeeper* Craig A. Umbaugh Counsel* Jim Cole Lobbyist* Melanie Layton Lobbyist* Garin Bray Lobbyist* Mitch Laycock BancInsure * outsourced Amanda Rogowski, CBA Director of Marketing, amanda@coloradobankers.org 140 East 19th Avenue, Suite 400 Denver, Colorado 80203 voice: 303.825.1575 – fax: 303.825.1585 Websites: www.coloradobankers.org www.smallbizlending.org www.financialinfo.org September/October 2013 OVERACENTURY:BUILDINGBETTERBANKS -HELPINGCOLORADANSREALIZEDREAMS Information Security: A 21 Question Self-Assessment