OFFICIAL PUBLICATION OF KANSAS BANKERS ASSOCIATION 2025 BLOK Session II MAY/JUNE ISSUE 3 2025 WASHINGTON UPDATE A Legacy of Financial Literacy MOKAN Trust and Financial Services Conference
©2025 The Kansas Bankers Association (KBA) | The newsLINK Group LLC. All rights reserved. The Kansas Banker is published six times per year by The newsLINK Group LLC for KBA 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 KBA, 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. The Kansas Banker is a collective work, and as such, some articles are submitted by authors who are independent of KBA. While a first-print policy is encouraged, 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. Executive Doug Wareham, President & CEO Kathy Taylor, JD, EVP, General Counsel Terri Thomas, JD, EVP, Legal Services Director Alex Greig, President, KBA Insurance Inc. Brenda L. Unruh, EVP, Education & Conferences, Strategic Partnerships Alex Orel, EVP, Government Relations Administration Eric Stofer, SVP, Chief Financial Officer Sara Blubaugh, SVP, Administration & Board Secretary Kelly VanZwoll, JD, SVP, Government Relations/Staff Attorney Julie Taylor, VP, Computer & Information Systems Manager J.W. Wells, Ag Division Coordinator/ Government Relations Assistant Rayanna Breashears, Administration & Special Projects Coordinator Emma Thompson, Admin Intern Education & Conferences LeAnn Mott, VP, Education & Conferences Natalie Wareham, AVP, Education & Conferences Alana Seelbach, AVP, Events/Office Coordinator Communications & Marketing Mary Taylor, SVP, Director of Communications & Marketing Bree Hull, AVP, Communications & Marketing Insurance Elizabeth Roche, SVP, Employee Benefits Administration, KBA Insurance Inc. Jenny Figge, SVP, Operations, KBA Insurance Inc. Kent Owens, SVP, KBA Insurance Inc. Cole Thompson, AVP, KBA Insurance Inc. Samantha Lee, AVP, Employee Benefits, KBA Insurance Inc. Clinton Moore, Agency Service Representative Legal Services Jamie Cosgrove, SVP, Legal Department Manager Gwen Hill, JD, VP, BCS Attorney Bobby Young, JD, VP, BCS Attorney Adeel Syed, JD, VP, BCS Attorney Kerry Clark, JD, AVP, Publications Editor/Staff Attorney Sarah Lynch-Chaput, JD, AVP, Staff Attorney Meridith DeForest, AVP, Administrative Legal Assistant Tom Thomsen, JD, BCS Coordinator Kat Eusey-Zuckerman, Legal Intern Darby Leitch, Legal Intern Colton Smith, Legal Intern Compliance First Banking Solutions Dylan Serrault, JD, SVP, CFBS Manager Jeff Narron, VP, CFBS Assistant Manager Neal Barclay, VP, Auditor Sarah Weltmer, VP, Compliance Operations Specialist Shannon Capps, VP, Compliance Operations Specialist Hannah Schroller Simpson, JD, VP, Compliance Operations Specialist Lew Walton, JD, AVP, Auditor Heather Williams, AVP, Compliance Operations Specialist Gabe Walker, JD, AVP, Auditor Lindsay Bryant, AVP, Compliance Operations Specialist CONTENTS WASHINGTON UPDATE 4 A Legacy of Financial Literacy By Rob Nichols, President and CEO, American Bankers Association 6 2025 BLOK Session II Class Convenes in Kansas City 8 2025 BLOK Class Members 10 Kansas Bankers Inspire Students During 4th Annual JAG-K Partnership 14 50 Year Club Awards Helen J. Combs, First Kansas Bank at Great Bend 16 Kansas Bankers Educational Foundation Awards Scholarships 18 2025 Women in Banking Conference 22 Briefly in Kansas Banking 24 MOKAN Trust and Financial Services Conference 28 In Memory 30 Bank M&A Review and Outlook Amid Continued Volatility By Wyatt Jenkins, CPA, Director, Forvis Mazars Capital Advisors LLC 32 The Impact of Weather Patterns on Commercial Insurance What Kansas Community Bankers Need to Know By Alex Greig, President, KBA Insurance 34 Integris Named to ChannelE2E’s 2024 List of Top Vertical Market MSPs Recognized for Excellence in Financial Services and Banking 36 Internship Connection Program 38 2025 KBA Education Calendar
Each year, we celebrate Teach Children to Save Day on the fourth Thursday in April — a day dedicated to helping kids in grades K-8 learn valuable lessons about saving money, budgeting and distinguishing wants from needs. I’ve been participating in Teach Children to Save Day events since I became CEO at ABA 10 years ago, and I always look forward to going out into classrooms and spending time with young people in our community — just as I know so many of you do. As we commemorate Teach Children to Save Day 2025, I’m reminded of the incredible legacy of the ABA Foundation, which is celebrating its 100th anniversary this year. The foundation was launched in 1925 (in conjunction with ABA’s 50th anniversary) as the Foundation for Education in Economics Trust Fund. Funded through voluntary contributions, the trust fund sponsored college scholarships and research grants in economics, banking and finance. In the 1970s, the foundation launched its first consumer education program — the Personal Economics Program — to help volunteer bankers bring financial education presentations to their local schools and communities, and in 1997, Teach Children to Save Day was created. Education is at the heart of the foundation’s mission, and today, the organization empowers bankers with the tools and resources to help build long-term financial capability for Americans of all ages. We do this through our many flagship programs — including Teach Children to Save; Get Smart About Credit; Safe Banking for Seniors; and Lights, Camera, Save! — as well as through training, consumer resources and campaigns. I’m incredibly proud of the work the foundation has done throughout its history to support banks as they help build long-term financial security, promote revitalized and resilient communities and advance economic opportunity for all — and the work continues! In fact, the foundation has set an ambitious goal of reaching five million people with financial education programs by 2026. We are already well on our way: So far, more than 1,100 banks have reached 2.2 million customers and counting. If you’re not already participating in these programs, I encourage you to explore our offerings and join us in this effort. Thanks to financial support from the foundation’s sponsors, we are able to provide our programs and resources for free to every bank in the nation. You can register at any time at www.aba.com/fined. As bankers know all too well, you’re never too old — or too young — to deepen your understanding of personal finance and increase financial literacy. By volunteering your time and expertise in your community, bankers like you can help Americans of all ages chart their course to a bright financial future. Email Rob at nichols@aba.com. WASHINGTON UPDATE A Legacy of Financial Literacy By Rob Nichols, President and CEO, American Bankers Association 4
Fenimore Kay Harrison LLP Elects Mathew A. Petersen to Partner Fenimore Kay Harrison LLP is proud to announce that Mathew A. Petersen has been elected to Partner. Mat has been an integral part of our team and its Kansas City office, providing exceptional legal counsel to our banking and financial services clients. Mat is a graduate of the University of Kansas School of Law and University of Kansas School of Business, where he obtained a J.D./M.B.A. While in law school, he served as editor-in-chief of the Kansas Law Review and on the Moot Court Council. Mat and his wife, Amanda, live in Lawrence, Kansas, with their 11-month-old son, Owen. When he is not serving the legal needs of our clients, Mat enjoys cooking, spending time with his family and attending KU sporting events. Fenimore Kay Harrison focuses on representing banks and other financial institutions in a wide range of corporate, securities, governance, and regulatory matters. With Mat’s continued contributions, we look forward to further strengthening our ability to serve our clients with the highest level of specialized legal counsel. Please join us in congratulating Mat on this well-deserved achievement! Fenimore Kay Harrison LLP Elects Mathew A. Petersen To Partner Fenimore Kay Harrison is proud to announce that Mathew A. Petersen has been elected to partner. Mat has been an integral part of our team and the Kansas City o ce, providing exceptional legal counsel to our banking and nancial services clients. Mat is a graduate of the University of Kansas School of Law and the University of Kansas School of Business, where he obtained a J.D./M.B.A. While in law school, he served as editor-in-chief of the Kansas Law Review and was on the Moot Court Council. Mat and his wife, Amanda, live in Lawrence, Kansas, with their 11-month-old son, Owen. When he is not serving the legal needs of our clients, Mat enjoys cooking, spending time with his family and attending KU sporting events. Fenimore Kay Harrison focuses on representing banks and other nancial institutions in a wide range of corporate, securities, governance and regulatory matters. With Mat’s continued contributions, we look forward to further strengthening our ability to serve our clients with the highest level of specialized legal counsel. Please join us in congratulating Mat on this well-deserved achievement! 5
2025 BLOK Session II Class Convenes in Kansas City The 2025 BLOK class gathered in Kansas City from April 16-18 to continue their leadership training by kicking things off at Commerce Bank. The session began with dynamic executive-level training led by facilitator Ted Garnett of Performance Resources Consulting, who equipped participants with practical tools to lead their institutions and communities in a half-day session titled Leadership Accountability. During his presentation, Mr. Garnett took the class through several hands-on exercises that helped the group learn effective leadership strategies and that you need to be accountable to your team and yourself. Day two started with a full slate of speakers at the Federal Reserve Bank in Kansas City, starting with a brief history of the Federal Reserve presented by Executive Writer and Historian Tim Todd. Mr. Todd talked about the bank’s origins, what the banking system looked like before its founding and how it has transformed over the years. Lee Smith, Senior Vice President & Economist, led the class through an Economic Outlook focused on Kansas and the 10th Federal Reserve District. The morning concluded with Patrick Balint, Assistant Vice President, Supervision and Risk Management Division, providing an interactive and detailed review of Kansas banking conditions and trends. Following lunch and a group photo, the class enjoyed a tour of the Fed, including a special tour of the Executive floor. The class reconvened to listen to Dr. Bruce Morgan, Professional Bank Consultants, give a presentation entitled What’s the Future for Community Banks? Next, the class had a great discussion with Abby Wendel, President and CEO of Landmark National Bank, and Scott Coup, President at Security Bank of Kansas City who spoke about leadership and banking in Kansas. They gave the class great insight into pivotal moments in their career to help guide them to where they are today, identifying key components when hiring great leaders and how to best position their bank for the future. To wrap up Session II, they met at the Federal Deposit Insurance Corporation with Regional Director Jessica Kaemingk and Deputy Regional Director John Jilovec for a discussion on the FDIC’s role in protecting depositors and current banking conditions. They took questions on past bank failures and the possibility of increasing FDIC insurance coverage. The class also heard from Regional Economist Nathan Hinton and Senior Financial Analyst Shawn Schreier from the FDIC’s Division of Insurance and Research. These gentlemen presented current trends in the Kansas and Midwest economies, including housing supply and demand. They also talked about the Kansas ag economy and how tariffs could potentially affect the market. The session closed with an interactive hot-topic discussion that revolved around artificial intelligence. Class members shared if and how their banks are incorporating AI and how it can help them streamline processes. For Session III, the class will head to Wichita in July to continue training before going to Washington, D.C., with KBA’s Board of Directors and Federal Affairs Committee in September. Ted Garnett of Performance Resources Consulting welcomes the class, equipping participants with practical tools to lead their institutions and communities. Trenton Moore, Susan Rash, Brandi Zimmer and Paige Meader team up to play “Win the Most.” Beth Masterson and Jared Engelbert participate in a leadership exercise focused on listening and relationship building. 6
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2025 BLOK Class Members • Joel Milford, Officer, Correspondent Banking & Regional Lending, First National Bank of Hutchinson, Hutchinson • Mazie Mobley, Portfolio Management Manager, INTRUST Bank, N.A., Wichita • Trenton Moore, Market President, Equity Bank, Independence • Kim Parks, Senior Vice President — Treasury Management & Commercial Depository Officer, ESB Financial, Emporia • Susan Rash, Vice President, Director of Human Resources & Marketing, Community National Bank, Seneca • Tyson Reimer, Commercial/Ag Loan Officer, Central National Bank, Junction City • Sarah Sanders, First Vice President, Retail Banking Operations Officer, Capital Federal Savings Bank, Topeka • Kaycie Schilling, Vice President — Senior Loan Officer, FNB Bank, Goodland • Thomas Sheik, Vice President, State Bank of Bern, Bern • Derek Stephens, Commercial Relationship Manager, First Interstate Bank, Shawnee • Bryan Vonfeldt, Chief Financial Officer, Astra Bank, Hays • Brandi Zimmer, Vice President — Deposit/Marketing, Guaranty State Bank & Trust Co., Beloit • Neal Barclay, Vice President, Compliance Specialist & Auditors, Kansas Bankers Association, Topeka • Matyson Barnes, Assistant Vice President, Credit Analyst Supervisor, Farmers Bank & Trust, Overland Park • Dan Duchnowski, Senior Vice President, Chief Services Officer, Equity Bank, Wichita • Chris Endicott, Vice President, MPF Account Manager, FHLBank Topeka, Topeka • Jared Engelbert, Vice President & CFO, The First State Bank, Norton • Brandon Grigsby, Vice President — Loan Officer, Stockgrowers State Bank, Ashland • Daniel Hayden, Vice President — Payments & Deposits Manager, Bankers’ Bank of Kansas, Wichita • Cody Heiman, Vice President, Loan Officer, First Bank Kansas, Salina • Gwen Hill, Vice President — Staff Attorney, Kansas Bankers Association, Topeka • Chrissy Lewman, Vice President — Compliance, The Union State Bank of Atchison, Atchison • Beth Masterson, Vice President, Loan Operations Officer, Legacy Bank, Wichita • Paige Meader, Commercial/Ag Loan Officer, First National Bank of Kansas, Waverly Premier: Blue Cross Blue Shield of Kansas, FHLBank Topeka, KBA Insurance Silver: INTRUST Bank Bronze: Bankers’ Bank of Kansas, Bank Compensation Consulting, Professional Bank Consultants, Schools of Banking, Security 1st Title, UMB Bank 2025 BLOK Sponsors 8
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Kansas Bankers Inspire Students During 4th Annual JAG-K Partnership The Kansas Bankers Association recently wrapped up the 4th Annual Financial Literacy Month partnership with Jobs for America’s Graduates-Kansas (JAG-K). This year, 24 bankers generously volunteered their time to visit JAG-K classrooms across the state, sharing valuable insights about careers in banking and helping promote financial literacy among students. Their visits gave students a first-hand look at the many opportunities within the banking industry and emphasized the importance of financial knowledge for their futures. Over the past four years, the KBA has been proud to play a pivotal role in connecting Kansas bankers with JAG-K students and fostering meaningful relationships that help inspire the next generation of leaders. Thanks to the dedication of our bankers, we continue to strengthen our commitment to education, career development and community engagement across Kansas. We extend our sincere thanks to all of those who participated this year in lending a hand to help make a lasting difference in the lives of Kansas students! Bryan Blundell, VP-Relationship Manager with Bankers’ Bank of Kansas, Wichita, with the Hutchinson High School JAG Class. Alexis Boeck, Compliance Assistant with Golden Belt Bank, Hays, with the Russell High School JAG Class. Chris Davis, Branch Manager with Citizens Bank of Kansas, Augusta, with the Augusta High School JAG Class. Clay Holcomb, Ag & Commercial Loan Officer with Legacy Bank, Pratt, with the Pratt High School JAG Class. 10
Jeremy Doggett, Ag & Commercial Loan Officer, and Diana Barnard, Loan Administration Officer with Legacy Bank, Pratt, with the Pratt High School JAG Class. Eric Grooms, President of Community National Bank & Trust in Augusta, with the Augusta High School JAG Class. Pratt High School JAG Class touring Legacy Bank in Pratt. Damon McKinney, AVP-Loan Officer with Bennington State Bank, Minneapolis, with Rayanna Breshears, Kansas Bankers Association, at Minneapolis High School JAG Class. Derek Bailey, Commercial Team Lead with Central Bank of the Midwest, Lawerence with Shawnee Heights High School JAG Class (Tecumseh). Augusta High School JAG Class touring Community National Bank & Trust in Augusta. YBOK President Francis Scheuerman, SVP of UMB Bank in Kansas City, with Shawnee Mission North High School JAG Class (Overland Park). 11
Grant High, Teller Supervisor with Kaw Valley State Bank, Eudora, with Eudora High School JAG Class. Jon Thornton, Assistant Retail Banking Manager with FirstOak Bank, Independence, with Independence High School JAG Class. Julie Voelker, EVP & Chief Operations Officer with Solutions North Bank, Coffeyville, with Field Kinley Memorial JAG Class (Coffeyville). Dillon Oder, Branch Manager and Loan Officer of Commercial Bank, Parsons, with Field Kinley Memorial High School JAG Class (Coffeyville). Parsons High School JAG Class taking a tour of Commercial Bank in Parsons. Bankers included on the tour were Dillon Oder, Branch Manager and Loan Officer, and Jon Reel. Stephanie Schwilling, Senior (Regional) Bank Manager/ Mortgage Loan Officer/VP of Citizens Bank of Kansas, Winfield, with Winfield Middle School. Luke Moore, Vice President of Citizens State Bank & Trust, Hiawatha, with the Hiawatha High School JAG Class. 12
50 Year Club Award Congratulations to Helen J. Combs on her outstanding 50 years of service in banking! Helen graduated from Brown Mackie College in Salina with an accounting degree. She started her career in banking on April 19, 1975, as a Bookkeeper at American State Bank in Great Bend, Kansas, later Bank IV, Boatman’s, Nations Bank and Bank of America. She also served as a Customer Service Representative, Personal Banker and became a Loan Officer in 1993. She started with First Kansas Bank on May 8, 2008, as Vice President. Helen’s leadership in innovative residential real estate lending, along with developing close relationships with local realtors, was instrumental in the bank’s growth from $67 million in assets to its present day $280 million in assets. Helen witnessed dramatic changes in technology and automation in banking throughout her career. Computerization of bank operations and imaging technology for check handling and lending have increased the accuracy and efficiency of staff. In addition, customers gain more access to information and their money. Operations that once took hours are now accomplished in seconds or instantly. Helen noted that a warm smile and personalized service never went out of style with the customers she served. Congratulations on your retirement, Helen! Helen J. Combs, First Kansas Bank at Great Bend 14
your source for vendor peer referrals online VendorPRO creates a pipeline for peer-to-peer vendor referrals online. Search for vendors by name, category or keyword. Add referrals in seconds. Visit ksbankers.com to access VendorPRO creates a pipeline for peer-to-peer vendor referrals online. The website allows members to add referrals and identify contacts from other banks who work with a vendor. The process is fast and easy! And it’s exclusive to member banks. Bankers can look for vendors by name, category or keyword. Adding a referral takes seconds. List vendors that the bank has used (both current and past) and what the vendor did at the bank. That’s it! No comments are needed about a vendor. The site creates an easy way for fellow bankers to connect and share insights about their vendor experiences. Access to vendorpro is limited to member banks only. Vendors, including endorsed partners and associate members, cannot access the site. However, vendors are encouraged to ask bankers to enter referrals for their companies. For questions, contact: Brenda Unruh at bunruh@ksbankers.com or 785-232-3444 What is VendorPRO? How does VendorPRO work? Who can access VendorPRO? Connect with fellow bankers to share vendor insights — VendorPRO makes it easy! bankvendorpro.com
Kansas Bankers Educational Foundation Awards Scholarships The Kansas Bankers Association (KBA) is pleased to announce the recipients of nine scholarships awarded by the Kansas Bankers Educational Foundation (KBEF), a 501(c)3 corporation created and operated by the KBA. Two scholarships were awarded to children of Kansas bankers, one scholarship was awarded to a student with a banker reference letter and six scholarships were awarded to students who are currently enrolled in one of two Kansas colleges/universities that offer banking-specific degrees and/or concentrations. Kansas Bankers Educational Foundation awarded a total of $12,000! Children of Kansas Bankers Scholarships Blaise Palen Kansas State University Mother: Barb Palen, Loan Assistant at Guaranty State Bank & Trust Company, Beloit Blaise is majoring in accounting as a junior at K-State. He aspires to achieve a Master of Accountancy with a certificate in Data Analytics. Once he graduates, he plans to pursue a job in audit work and experience several different industries before beginning work as an independent accountant. Carson Taylor University of Kansas Parents: Paula Taylor, Chairman and CEO, and Matt Taylor, SVP, of Denison State Bank, Holton Carson is majoring in accounting as a senior at the University of Kansas. His goal is to earn a Master of Accountancy and eventually sit for the CPA exam. He plans to start his career in public accounting and audit work. Carson hopes to give back to his community by solving problems for small businesses and promoting ethical financial practices. Banker Reference Scholarships Nevaeh Brooks Wichita State University Banker Reference: Joselyn Campbell, Branch Manager at Capitol Federal Savings Bank, Wichita Nevaeh will be a senior at WSU this fall and is majoring in marketing and management. She has worked as a teller at CapFed and recently had the opportunity to participate in an apprenticeship in the marketing department. Nevaeh’s long-term goal is to pursue a career that utilizes both her marketing and management studies, similar to a chief marketing officer at the bank. 16
College/University Banking Scholarships Tucker Adams Fort Hays State University — Robbins Banking Institute Tucker Adams is a junior at FHSU with a 3.14 GPA, majoring in finance with a concentration in banking. He graduated from Goodland High School and also attended Fort Hays Tech Northwest and Colby Community College. Tucker started taking classes related to banking while in high school and has a passion for money and banking, which is leading him toward a career in banking. Lawson Bailey Fort Hays State University — Robbins Banking Institute Lawson Bailey is a junior at FHSU with a 3.38 GPA, majoring in finance with a concentration in banking. He graduated from Scott Community High School and also attended Garden City Community College. During high school, Lawson started working at a local bank as part of a high school work-study program. He continues to work at the bank during summer and winter breaks. That experience confirmed for Lawson that he wanted to have a career in banking and hopes to work his way up to a CEO position one day. Johnny Johnston Fort Hays State University — Robbins Banking Institute Johnny Johnston is a junior at FHSU with a 3.41 GPA, majoring in finance with a concentration in banking. He is from Hutchinson and graduated from Haven High School. He also graduated from Hutchinson Community College with an associate’s degree in accounting in May 2023. Johnny is involved in the Finance Club and the International Business and Economics Club at FHSU. He hopes to find an internship at a bank in the near future to set himself up for a career in banking. He is also very interested in investments and wants to help people save money for their retirement. Alaina Kolbeck Fort Hays State University — Robbins Banking Institute Alaina Kolbeck is a junior at FHSU with a 3.76 GPA, majoring in finance with a concentration in banking. She graduated from Spearville High School and also attended Dodge City Community College. Alaina will be interning at her hometown bank this summer and hopes to play a role in the growth of her community. She wants to pursue a career in banking, either in her hometown or another small community, to make an impact on the local community through her role at the bank. Nathaneal Jones Byron G. Thompson Center for Integrity in Finance and Economics, Benedictine College Nathaneal Jones grew up in Tonganoxie and is pursuing a major in finance from Benedictine College. Two of his older brothers are bankers, who, along with his parents, taught him the importance of saving money and planning for the future. After college, he hopes to get his MBA and work in risk and/or wealth management. He is grateful and privileged to be recognized with this award from the Kansas Bankers Association. Gabriel Jones Byron G. Thompson Center for Integrity in Finance and Economics, Benedictine College Gabriel Jones is from Tonganoxie and is pursuing degrees in management and finance. He plans on graduating from Benedictine College in May of 2026. Growing up, Gabriel became interested in business and how they work through many entrepreneurial adventures. He learned the importance of hard work and staying committed to something. He is honored to be able to receive this award from the Kansas Bankers Association. 17
2025 Women in Banking The annual Women in Banking Conference was held March 27-28 at the Wichita Hyatt Regency, uniting nearly 200 attendees, speakers, sponsors and exhibitors for two days of inspiration, connection and professional growth. Julie Hower, KBA Chair-Elect Welcome to Day One of Women in Banking KBA Chair-Elect Julie Hower of Farmers and Drovers Bank in Council Grove opened the event by expressing gratitude to the sponsors, planning committee and staff for their contributions before welcoming the first speaker to the stage. Shanna Adamic The Power of Audacious Optimism Shanna Adamic captivated the crowd with her powerful presentation, “The Power of Audacious Optimism.” Her personal journey is equally inspiring — after surviving a rare, life-threatening brain tumor that resulted in partial hearing loss, she defied the odds with just a 4% chance of regaining facial function. Shanna’s resilience and unwavering optimism are central themes in her memoir, “Audacious Optimism,” which encourages others to embrace uncertainty and unlock their full potential. Joe Micallef Banking is a Team Sport — Be a Captain, a Coach and a Cheerleader Joe Micallef, a seasoned banking professional with over 25 years of experience, reminded attendees that “banking is a team sport,” encouraging leaders to foster a collaborative, high-performing culture by embracing the roles of captain, coach and cheerleader within their teams. Conference 18
Anne Schutt, Midwestern Securities Trading Company Building a Culture that Fosters Curiosity Anne Schutt, CFP®, VP of Business Development at Midwestern Securities Trading Company LLC, challenged us to break down the barriers holding back curiosity in the workplace. By creating space for exploration, innovation and open-minded thinking, organizations can build cultures where employees feel valued, engaged and inspired to grow. Kathy Taylor and Kelly VanZwoll KBA Government Relations Update Kathy Taylor and Kelly VanZwoll outlined KBA’s state and federal legislative priorities, emphasizing their importance and the positive impact they’re poised to have on Kansas banks and the communities they serve. Carmen Schwab, Haberfeld Imposter Syndrome Carmen Schwab with Haberfeld closed out on the first day, reminding attendees that when you know why you do what you do, even the toughest days become easier. Carmen stated, “Your mind is powerful, so be careful how you speak to it! If you tell it you can’t, you won’t. If you tell it you can, you will!” Janice Litvin Banish Burnout: Move from Stress to Success Janice Litvin brought the energy to the second day with interactive activities and powerful insights! She highlighted that supporting employees isn’t just the right thing — it’s smart business. When leaders prioritize communication, growth and well-being, everyone thrives. Tracie Brown Liar, Liar, Pants on Fire! Lie detection is fascinating and powerful! To close out this year’s Women in Banking Conference, body language expert Tracie Brown delivered a captivating session on spotting deception through subtle gestures, facial cues and micro-expressions — game-changing insights for anyone in banking and finance! 19
Breakout Sessions • Creating Value: Your Secret Ingredient to Success — Robb Rempel, Haberfeld • Bank Teller to CEO: How You Can Achieve an Extraordinary Career in Banking — Joe Micallef • Read the Room, Lead the Room: The Power of EQ — Dr. Emily Lehning Thank You to the KBA 2025 Women in Banking Conference Planning Committee! • Kaylene Plummer, Chairwoman, Farmers State Bank, Westmoreland • Carmelita Taylor, Vice-Chairwoman, Astra Bank, Abilene • Darla Braun, Bank of Hays, Hays • Russell Bonitatibus, Lyon County State Bank, Emporia • Kristie Henry, United Bank & Trust, Marysville • Susan Rash, Community National Bank, Seneca • Susie Roberts, Bank of Labor, Lenexa • Dena Flach, Stockgrowers State Bank, Maple Hill • Kathy Spain, Capitol Federal Savings, Topeka • Jan Endicott, Stockgrowers State Bank, Ashland • Shanda Chambers, FirstOak Bank, Independence 20
Save the Date! 21
Briefly in Kansas Banking First Security Bank Names New CEO and New CFO First Security Bank, with locations in Overbrook, Carbondale, Paola and Tonganoxie, Kansas, has named Michael Needham as President and CEO and Matt Needham as Senior Vice President and CFO. After 50 years of service in community banking and almost 20 years as the Chairman, President and CEO of First Security Bank, Kent Needham has decided to step down and move closer to retirement. Kent will remain as Chairman of the Board at First Security. The Needham Family bought First Security Bank in 2007 from Tonganoxie Bankshares Inc. and, over the past two decades, has purchased two other bank locations — one in Paola and the other in Carbondale — and most recently opened a brand-new location in Tonganoxie. Kent’s sons, Michael and Matt, are now taking on their dad’s legacy by stepping into senior leadership roles in the family business. Michael, who has over 20 years of banking and lending experience, looks forward to stepping into the CEO role and helping to grow the First Security Bank throughout the rural communities in which the branches sit. “It has always been the priority of First Security Bank to serve our customers well and put their needs first,” said Michael Needham. “We want to provide them a community-centered, hometown feel and help the businesses, the families and the communities we serve thrive.” Matt Neeham, Kent’s younger son, will step into the role of CFO. Matt has 15 years of banking and finance experience under his belt. Kent is proud and excited for his sons to take the reins and continue the thoughtful direction and hard work that Kent put into the bank for almost 20 years. When asked about his decision to step down, Kent’s response was, “I am very excited about these changes! I am looking to slow down after almost 50 years of service to community banking. I have a great deal of confidence in the current leadership team. They will continue the journey we started 17 years ago with a great deal of knowledge and commitment to the communities we serve and our team members working alongside us. There are so many people to thank for their support during this journey. That includes every one of our employees. Thank you for all you do for FSB.” Integrity Bank Nominates Mike Miller for Nation Meyer Innovative Banker Award Integrity Bank has proudly nominated Michael D. Miller, President and CEO, for the Nation Meyer Innovative Banker Award. Since assuming leadership of the bank in 2020, Miller has led a remarkable transformation of the institution — ushering in a new era of innovation and progress that has redefined community banking in southwest Kansas. Under Miller’s direction, Integrity Bank transitioned from a limited-service model to offering advanced digital banking tools through DCI, including teller, go banking, cash management, mobile deposit and positive pay. These enhancements have significantly improved customer experience and allowed the bank to successfully compete with much larger financial institutions. Beyond technology, Miller also initiated a comprehensive review and overhaul of the bank’s policies and procedures, leading to improved internal workflows and a stronger customer-focused approach. Customers who once felt the bank was “behind the times” now praise its modern services — often noting they never imagined a small community bank could deliver such big-city capabilities. Miller’s leadership extends beyond the walls of the bank. He is known for his consistent support of local initiatives, whether donating to school programs, helping youth sports teams or championing financial literacy efforts. His community-first mindset and humble leadership style have earned him the respect of both his staff and the community. 22
Integrity Bank credits much of its success to Miller’s vision, drive and belief in his team. He is known for deflecting credit and lifting up those around him — a true reflection of what the Nation Meyer Innovative Banker Award represents. Ryan Wedel Joins The Bankers Bank as SVP of Commercial Lending Ryan Wedel has joined The Bankers Bank (headquartered in Oklahoma City) as Senior Vice President of Commercial Lending, bringing with him almost 30 years of banking experience — the last 16 years at Landmark National Bank in Kansas, where he led the Commercial Lending team. He most recently served as Landmark’s Chief Strategy Officer, where he drove strategic initiatives and innovative solutions. Ryan graduated cum laude with a Bachelor of Science in Finance from Emporia State University, where he also played basketball for the Hornets. He later attended the Graduate School of Banking at Colorado and was awarded the Certificate of Excellence. GSB-Wisconsin Hires Olivia Luster as Marketing Coordinator The Graduate School of Banking at the University of Wisconsin-Madison has named Olivia Luster as its new Marketing Coordinator. In this role, Luster will support content creation, social media, event planning and alumni outreach. She brings a strong background in marketing strategy, SEO, graphic design and communications. “Olivia brings exactly the skills we envisioned when creating this position,” said GSB President and CEO Paul C. Katz. “She’s already making a positive impact.” Luster previously served as a Marketing Communications Generalist for a Wisconsin-based manufacturer. She holds degrees in business management and communication studies from Luther College. Drouhard Graduates from Executive Development Institute Benjamin J. Drouhard, Executive Vice President of Citizens Bank of Kansas, recently completed the Executive Development Institute for Community Bankers® through the Graduate School of Banking at Colorado. Part of EDI’s 11th cohort, Drouhard joined a select group of rising C-level leaders receiving intensive training in bank management and leadership. Participants engage in mentorship, executive coaching and coursework on topics like cybersecurity, customer relationships and talent management. “Ben’s dedication to his bank, customers and community is evident,” said GSBC President Michael Stevens. “We’re proud to support his professional growth.” CBK President Kyle Russell added, “EDI has prepared Ben for future leadership and continued impact at Citizens Bank of Kansas.” 23
MOKAN Trust and Financial Services Conference The 46th MOKAN Trust and Financial Services Conference took place from May 14-16 at the Sheraton Overland Park Hotel and Convention Center. There were over 300 attendees and 35 sponsors! Sam Donaldson, Professor of Law at Georgia State University, kicked off the conference with sessions on recent developments in federal income taxes and federal wealth transfer taxes. Sam is not only informative but entertaining and a crowd favorite! Day 1 breakout sessions included topics on ethical hazards for trust officers, trust organizations and investments as well as special needs trusts. Linda Duessel, Senior Equity Strategist with Federated Hermes, opened Day 2 with an economic and market outlook, followed by Jeff Levine, Chief Planning Officer with Buckingham Wealth Partners, who presented on untangling IRA regulations and then trust IRA beneficiaries. All three sessions were timely and valuable. Day 2’s break sessions covered behavioral finance, estate planning pitfalls and estate planning considerations. Day 3 featured Amy Floria, CEO of Corgenius, who spoke on how to be the best advisor in your client’s worst times, followed by Michael Dixon, Director at Pohl Consulting, who presented on the topic of maximizing business opportunities with your Day 1 marked the start of three days filled with high-impact sessions, top-tier speakers and invaluable networking for trust and financial services professionals across the region. 24
Day 1 kicked off with expert insights from keynote speaker Sam Donaldson, Professor of Law at Georgia State University, as he broke down the latest developments in federal tax law. Mark Kennedy, Vice President and Trust Officer at Citizens State Bank & Trust Co. in Ellsworth, welcomed attendees to Day 2 of the conference. current clients. Finally, Mitch Holthus, “The Voice of the Kansas City Chiefs,” gave an unforgettable presentation on power from unexpected sources. Thanks to all of the speakers and sponsors for making the 2025 MOKAN Trust and Financial Services Conference a success! Please mark your calendar for next year: May 6-8, 2026, at the Sheraton Overland Park Hotel and Convention Center. See you there! Linda Duesell, CFA, CPA, CFP®, Senior Vice President and Senior Equity Strategist at Federated Hermes, opened the second day with a deep dive into today’s economic conditions, reminding us that timing and perspective are everything. 25
Mitch Holthus, Voice of the Kansas City Chiefs, closed out the conference with powerful leadership takeaways from the Chiefs’ winning culture, reminding us that success often comes from unexpected sources. Michael Dixon, Director of Organizational Development, Pohl Consulting and Training Inc., shared practical strategies for strengthening client relationships through intentional management, retention efforts and service standards. Amy Florian, CEO, Corgenius, opened the third day with an impactful session on how to support clients through grief and crisis with professionalism, empathy and clarity. Jeff Levine, CPA/PFS, CFP®, CWS®, BFA®, MSA, Chief Planning Officer at Buckingham Wealth Partners and Lead Financial Planning Nerd at Kitces.com, took the stage twice on Day 2. First to untangle the IRS 10-year rule and later to explore the pros, cons and complexities of naming a trust as an IRA beneficiary. 26
UNDERSTANDING U.S. BANKS’ ANNUAL IT SPEND IN 2025 Top priorities for 2025 Benchmarks from 1,000+ executives How banks are staying ahead of cyberconcerns Gain critical understanding of where banks stand on technology Our survey of over 1,000 C-level executives across US banks confirms that IT is going to be a driving force for banks in 2025. This report includes comparison to our 2024 report for further insight on where banks were, and where banks are going. And so much more. Check out our 2025 report today! 26% 70% 29% say their cybersecurity spending is effective are increasing IT spending in 2025 Application priority spending fell this much from 2024 Scan QR Code or Visit: integrisit.com/banking2025 How economic headwinds are affecting views on IT What the future of banking IT looks like for community banks Where banks see needs in their IT infrastructure The cybersecurity and compliance concerns on IT planning Download today
Eddie and Alma Ricklefs and an infant brother (Brian). He leaves behind his wife Mlle; three children, BreAnne (Jarrett) Pitman, Brandon (Chelsea) Caudle, and Calli (Alec) Richie; grandchildren Beckett Pitman, Nora Caudle, Drake Richie and baby Baylor Richie; parents Roger and Donna; and two brothers, Jeff (Tracie), and Todd (Kamille) all of Atchison, Kansas, and numerous cousins, nieces and nephews. Kimberly Fairbank March 28, 1960-May 12, 2025 Kimberly Jo Fairbank, 65, passed away peacefully at home on May 12, 2025, surrounded by love. She was born March 28, 1960, in Dodge City to Joe D. and Donna (Smith) Butcher and raised in Cimarron, graduating from Cimarron High School in 1978 and Kansas State University in 1981 with a degree in accounting. Kim married her high school sweetheart, Rocky Fairbank, on May 30, 1981. She began her career as a CPA with Birney & Co. in Garden City before joining First National Bank in Cimarron, where she served in many roles, including CEO (2010-18) and board chair until her passing. She also served on the boards of Centera Bank and Data Center Inc. A devoted member of Cimarron Methodist Church, Kim was active in numerous community organizations including Hospice of the Prairie, the FRIENDS after-school program, 4-H, and the Leukemia and Lymphoma Society. She was known for her deep faith, love of music and nature, and unwavering devotion to her family. She is survived by her husband of 43 years, Rocky; children Trenton (Sara), Brooke and Stewart; granddaughters Sadie, Taylie and Adley; and many beloved relatives and friends. She was preceded in death by her parents and father-in-law, Chet Fairbank. Neil E. Caudle Nov. 17, 1969-March 19, 2025 Neil Eddie Caudle, 55, passed away on Wednesday, March 19, 2025, on his farm in Bendena, Kansas. Neil was born on Nov. 17, 1969, to Roger and Donna (Ricklefs) Caudle in St. Joseph, Missouri. He was a lifelong resident of Bendena, Kansas. He grew up on the same farm where he raised his family in later years. He loved working the land and raising cattle. He attended Midway Denton High School, was an integral part of four state champion football teams and graduated in May of 1988. After high school, he attended Kansas State University, where he was a member of the Alpha Gamma Rho fraternity. He took a semester off to custom harvest before graduating and completed his degree in agronomy in December 1992. It was at Kansas State where he met his wife, Mlle Brocaw. They married on July 10, 1993. They then moved to the Caudle Family farm, where he took over operations. They raised their three children and resided on the farm until moving to town in 2021. He also served as an ag representative and director for the Bendena State Bank. Neil’s great love for Jesus gave him hope each day and got him through many tough years, especially throughout his 20-year battle with brain cancer. He was a lifelong member of the Troy Christian Church and served as an elder for many years. Neil’s greatest joys in life were spending time with his wife, children and new grandchildren, as well as attending coffee club every morning and working on the farm alongside his son, Brandon, and his trusted hired hand, Dan Earl. He loved attending and watching Kansas State games and wearing purple. Neil was loved by many for his God-fearing, generous, kind-hearted personality and infectious smile. He will be deeply missed. Neil was preceded in death by his paternal grandparents, Dale and Lois Caudle and maternal grandparents In Memory 28
Thurlene J. Ruggels Aug. 23, 1931-March 25, 2025 Thurlene Jean (Larkins) Ruggels of Russell, Kansas, passed away on March 25, 2025, at the age of 93 after a courageous battle with cancer. She was born Aug. 23, 1931, in Republic, Kansas, to Clifford and Evelyn Larkins and grew up in Burr Oak. A lifelong learner and lover of music, Thurlene attended Bethany College and later earned both bachelor’s and master’s degrees from Fort Hays State, along with a graduate banking degree from the University of Wisconsin-Madison. She married Paul Ruggels in 1952, and together, they raised four children. Paul preceded her in death in 2000. Thurlene led a remarkable life as a teacher, banker and community leader. As CEO of what is now Southwind Bank, she helped expand operations and served as President and Chairman of the Board. She was active in many organizations and a faithful member of St. John Lutheran Church, where she shared her musical talents. Even into her 90s, Thurlene enjoyed reading, sports, bridge and time with family. Known for her wisdom and attention to detail, she often told her grandchildren, “Be the labor great or small, do it right or not at all.” She is survived by her sister, four children, 11 grandchildren, 12 great-grandchildren and many dear friends. KBA 0625 An independent licensee of the Blue Cross Blue Shield Association. View cost and coverage information See your prescription history Find in-network pharmacies and compare pricing Log in to your BlueAccess® account and look for the prescription drug section. Prescription drug coverage made easy Start saving today! bcbsks.com/blueaccess 29
Bank M&A Review and Outlook Amid Continued Volatility By Wyatt Jenkins, CPA, Director, Forvis Mazars Capital Advisors LLC While transaction activity picked up somewhat in 2024, bank mergers and acquisitions (M&A) posted another quiet year in 2024, with only 124 announced whole bank and thrift transactions, according to data from S&P Global Market Intelligence. This total is just above the pandemic low of 112 transactions in 2020. However, this total for 2024 was likely held lower than historical norms by unrealized losses and election-year politics. The outcome of the U.S. presidential and congressional elections is likely to provide some lift to bank M&A activity in 2025. However, economic challenges, driven by substantial and sustained political uncertainty, could quickly put a damper on hopes for an active year in bank M&A. Pricing for whole bank and thrift transactions remained relatively stable in 2024, with an average price to tangible book value (P/TBV) of 126% compared to 128% in 2023. However, that continues to be below the average P/TBV levels seen over the past 10 years. Based on the latest data available as of this writing, The Conference Board’s Leading Economic Index® decreased by 0.7% in March 2025 to 100.5, after decreasing by 0.2% in February. This continued decline has led The Conference Board to expect annualized real gross domestic product (GDP) growth to slow to approximately 1.6% as tariff impacts set in, manufacturing new orders retreat, and a pullback in consumer sentiment and spending weighs on the economy. With the Federal Reserve working to assess the impact of fast-changing trade and tariff policies, Fed officials appear to be taking a wait-and-see approach to interest rate reductions and signaled at their March meeting that they may only cut interest rates twice this year. Stock prices for banks finally started to see some recovery through the end of March 2025. The Dow Jones U.S. Banks Index (DJUSBK) was up 15.54% at 638.67 for the 12-month period ending on March 31, 2025, while the KBW Nasdaq Bank Index (BKX) was up 16.85% at 122.52 and the S&P Regional Banking ETF (KRE) was up 14.17% at 56.85 during the same period. However, tariff announcements by the federal government in early April drove sharp drops in bank stocks and the broader stock market before the market recovered, to some extent, as tariffs were eased or paused and many countries worked to negotiate trade agreements with the United States. However, bank stocks were still down from the end of March, with DJUSBK down 6.98%, BKX down 8.28% and KRE down 7.88% from March 31, 2025, to April 22, 2025. These challenges have continued to subdue the bank M&A market somewhat against historical norms for transaction volume. However, transaction activity through March 2025 is running ahead of the historically low levels of transactions seen through March 2024. Year-to-date through March 2025, a total of 34 transactions were announced nationwide, which is higher than the 28 transactions announced through March 2024. Based on transactions with pricing data available, P/TBV has averaged 152% through March 2025. From a regional perspective, Midwest transactions totaled 46 in 2024 compared to 39 in 2023, with an average P/TBV of 142% compared to 130% in 2023. Year-to-date through March 2025 has seen a total of 13 announced transactions in the Midwest, which is ahead of the nine transactions announced through March 2024. There was only one transaction with pricing data in the Midwest through March 2025, which is Old Second Bancorp’s acquisition of Bancorp Financial at 131% P/TBV. In Kansas, there were six transactions in 2024, compared with only four transactions in 2023. There was only one transaction with disclosed pricing data in Kansas for 2024, which was First Busey Corporation’s acquisition of CrossFirst Bankshares Inc., 30
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