Pub. 9 2019-2020 Issue 5

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 March • April 2020 1 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. Don Childears CEO Jenifer Waller 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* Melanie Layton Lobbyist* Garin Vorthmann Lobbyist* Brandon Knudtson Director of Membership * 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 6 10 16 2 A Word From CBA 4 Chairman’s Message 6 Washington Update 8 FEATURE: Board Participation 10 A Banker’s Guide Through the Top Strategies of 2020 12 FEATURE: Rainy Day Roth IRA: Saving for Retirement and the Unexpected 13 The High Cost of Tracking Insurance 14 Who Says You Can’t Teach an Old Dog New Tricks? Notice of Proposed Rulemaking to the Community Reinvestment Act 16 Bankers Split: Nearly Half See No Recession Until After 2020 March/April 2020 OVERACENTURY:BUILDINGBETTERBANKS—HELPINGCOLORADANSREALIZEDREAMS 8 PAGE Board Participation