Pub. 5 2015-2016 Issue 6

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 May • June 2016 3 The Colorado Bankers Association is proud to present COLORADO BANKER as a benefit of membership in the Associ - ation. 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. Don Childears President/CEO Jenifer Waller Senior Vice President Amanda Averch Director of Communications Kacey Wilkins Marketing Coordinator Lindsay Muniz Executive Assistant Mike Bintner Director of Education Margie Mellenbruch Bookkeeper* Craig A. Umbaugh Counsel* Jim Cole Lobbyist* Zoey DeWolf Lobbyist* Melanie Layton Lobbyist* Garin Vorthmann Lobbyist* * outsourced Amanda Averch, CBA Director of Communications, Averch@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 May/June 2016 OVERACENTURY:BUILDINGBETTERBANKS -HELPINGCOLORADANSREALIZEDREAMS Cybersecurity and The Community Bank 5 Chairman’s Message 6 A WORD FROM CBA: Not your Father’s Apprentice– The Swiss approach to Talent Retention and Succession Planning 8 FEATURE: CECL: No Bank is Exempt– 5 Ways Your Bank Can Prepare Now 10 FEATURE: Concerns Surrounding the Cloud 12 FEATURE: Cybersecurity and The Community Bank 14 FEATURE: Our Tax Dollars Hard at Work— SCRA in Congressional Limbo 16 FEATURE: Underfunded Boomers Consider the Roth IRA 18 FEATURE: Executive Benefit Plans in 2016: Emerging Trends