Pub. 6 2016-2017 Issue 3

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 November • December 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 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 November/December 2016 OVERACENTURY:BUILDINGBETTERBANKS -HELPINGCOLORADANSREALIZEDREAMS Bracing for the Impact of Department of Labor’s New Overtime Rule 5 Chairman’s Message 6 A Word From CBA... 8 Colorado Banking Professionals Receive Diplomas 10 FEATURE: Bracing for the Impact of Department of Labor’s New Overtime Rule 11 Phishing Insurance 12 FEATURE: HSAs and Generation X: From Overlooked to Opportunity 14 FEATURE: How One Bank Increased the Profitability of Public Fund Deposits While Giving Customers More 16 FEATURE: Insurance Issues and Trends for Banks Today 18 FEATURE: Regulation O—A Quick Refresher 20 FEATURE: Ransomware: What Bankers Need to Know and Why 22 FEATURE: Seven Steps to Building Productive and Profitable COI Relationships 23 Small Business Lending Boosted with Colorado Credit Reserve