I Matthew W. Howrey Chairman Indiana Bankers Association President and CEO North Salem State Bank Matt has served as president and CEO of North Salem State Bank and its holding company, North Salem State Bancorporation, since 2010. Prior to joining the bank in 2008 as chief financial officer, he served as a bank examiner for the Indiana Department of Financial Institutions, reaching the level of senior financial examiner. DIGITAL EXTRAS Use the QR code to read every article in this issue, plus these digital-only stories! 1 Large & Small Banks’ Consumer Deposit Fee Trends Diverge Consumer deposit fee trends reversed course in the first quarter as larger banks that had been shrinking fees expanded them and smaller banks with higher reliance pulled back. 2 CRA in the Board Room Your board’s CRA responsibility has never been more critical in shaping strategies that serve both community and business interests. 3 Balancing AI & AML A compelling use case for community financial institutions: reducing the cost, effort and headache of AML compliance. Chairman’s REPORT BY MATTHEW W. HOWREY, INDIANA BANKERS ASSOCIATION I had a great time at Mega this year, as always, and enjoyed getting to see so many of you at our largest event of the year. If you weren’t able to join us this year, we announced the results of who the IBA is backing in the election for two open Indiana seats on the board of the Federal Home Loan Bank of Indianapolis. Like last year, we held an internal “primary” process within the IBA, inviting anyone who wanted to run for the seats to put their name forward. The plan was to then put those names out to the president/CEO of every FHLBI-member bank in Indiana to let them cast their ballot for the two they most wanted to support. At the end of our nomination process in April, though, only two candidates had submitted their names, so they will automatically receive the Association’s endorsement. Please join me in congratulating and rallying behind J. Daniel Maddox, chairman & CEO of Citizens State Bank, New Castle, and Larry W. Myers, president & CEO of First Savings Bank, Jeffersonville. Last year, this strategy succeeded in maintaining one seat and flipping a second from a credit union executive back to banker control. I and the entire IBA Board encourage you to support Dan and Larry to keep the banking voice strong at the FHLBI. Maddox Myers Be sure to come down to French Lick to join hundreds of your fellow bankers for our Annual Convention on Sept. 7-9. While my term as chair will continue through the end of the year, the Convention is where we formally elect next year’s officers. You can meet this year’s slate of candidates on page 20-21 of this issue. July/August 2025 7
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