Contents 4 President’s Message Advocating for Community Banks By Kathy Swenson, CBW President and CEO 6 LEAD FWD 2023 CBW — Banking on the Leaders of Tomorrow 9 The Myth, Lure and Reality of AI By Charles E. Potts, Executive Vice President and Chief Innovation Officer, ICBA 10 Home Equity Line of Credit Scams By Travelers 12 Value Added High Baseline Yields Accompany Surprisingly Wide Spreads By Jim Reber, President and CEO, ICBA Securities 14 Securing Your Data Advice From an Award‑Winning Cybersecurity Team By BHG Bank Network 16 Checks & Balances ICBA Successfully Defends Against FDIC Special Assessment By Stephen Keen 18 Welcome New CBW Associate Members 20 2023 CBW Membership Annual Convention & Trade Show SUMMER 2023 © 2023 Community Bankers of Washington | The newsLINK Group, LLC. All rights reserved. Currency is published by The newsLINK Group, LLC for CBW and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of Community Bankers of Washington, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Currency is a collective work, and as such, some articles are submitted by authors who are independent of Community Bankers of Washington. While Currency encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at 855.747.4003. OFFICERS CHAIRMAN Tony George Kitsap Bank CHAIRMAN ELECT John Manolides Commencement Bank VICE CHAIRMAN Jim Arneson Community First Bank SECRETARY/TREASURER Leanne Antonio Yakima Federal Savings PAST CHAIRMAN Andy Hunter SaviBank ICBA STATE DIRECTOR Denise Portmann Bank of the Pacific PRESIDENT/CEO Kathy Swenson DIRECTORS Dwayne Aberle Security State Bank Joe Adams 1st Security Bank of Washington Dean Brydon Timberland Bank Josh Deck Olympia Federal Savings Greg Deckard State Bank Northwest Rick Darrow Liberty Bank Russ Keithley Coastal Community Bank Kevin Lycklama Riverview Bank Jolene Riggs Baker Boyer Bank Neil Zick Twin City Bank (360) 754-5138 www.communitybankers-wa.org CURRENCY | 3
RkJQdWJsaXNoZXIy ODQxMjUw