6 Hoosier Banker August 2015 portunities ‒ golf, euchre, the hospitality suite and more. There will be thought-provoking presentations by outstanding speakers, including Richard J. Parsons discussing “The Road Ahead: Five Questions for Bank Executives and Directors”; Dr. Kevin Streff on “Cybersecurity Questions for Executives and Directors”; Tim Pannell regarding “Captivating Millennials: Talking to the Most TalkedAbout Audience”; Ron Galloway updating “The Wallet Revolution: New Payment Technologies and the Implications for Banks”; and the always captivating Dr. Steven K. Happel presenting on “How Much Has the Economy Improved the Past Two Years, and What’s in Store for 2016?” Additionally, panel discussions and breakout sessions will delve into other industry details. Throughout the convention, we will enjoy top-rate food and spend some time benefiting the Indiana BANKPAC, so that we can continue to support those lawmakers and candidates who understand the importance of a strong banking environment. We will wrap up the event with the chairman’s banquet, featuring the Beatles tribute band “Eight Days a Week.” Registration fees remain low compared with other similar venues, because of the many service providers who purchase booth spaces and provide financial sponsorship of the convention. We thank them for their valuable support. As was true for the 1904 IBA meeting, the 2015 IBA Annual Convention will be an entertaining and important event to help us keep the lifeblood flowing for our communities and state. I hope to see you there! FEATURE President’s Ponderings S. Joe DeHaven, President & Chief Executive Officer, Indiana Bankers Association As I was preparing to write this month’s President’s Ponderings, I decided to look into the archives of IBA history. I found a book that represents the minutes of our eighth Annual Convention, held at the Claypool Hotel in Indianapolis, Oct. 5-6, 1904. The minutes were printed and bound ‒ all 139 pages of them! Upon further research, I found that all of the IBA annual meeting minutes, through the year 1916, were recorded at that level of detail. The 1906 version was particularly long at 190 pages, plus some 50 pages of advertisements and a full printout of laws passed during the prior legislative session. Today we no longer document to this extent, and our staff is grateful. The 1904 meeting was opened by the governor of Indiana and the president of the Canadian Bankers Association. It continued with welcoming remarks by IBA board President A.G. Lupton of Blackford County Bank, Hartford City, who shared the following insights: “The heart is the great power which regulates the circulation of the blood. Through the arteries, it sends the blood in large quantities into every part of the body and receives it back again from the veins. The heart must be kept in good condition, sound and active. Its beats must be constant and regular. Any irregularity in its action results in an enfeebled and nervous condition of the body. “The bank is the heart of the business community. Through its depositors, it receives the life blood of that business community and sends it out again through the arteries of its loans. The greater portion of the business in this country is done on borrowed capital, therefore it is chiefly the borrower who receives the money from the bank and distributes it in the various industries. It becomes scattered throughout the community and finds its way back again through the deposits into the bank and is again sent out. “Money, to be of value, must be used. Money in the stocking or buried or lying idle in the bank is worth nothing more than a pile of sand. So to be of benefit to the business community, the bank must keep the money circulating. So it is the banker who stands with his finger upon the pulse of the business life, and upon him, more than upon any other man, depends the activity and welfare of that life … He must have the reputation of being an honest man and, to sustain that reputation, he must be honest.” What a perfect analogy! It still holds true today that the circulation of funds, as provided by banks, must be allowed to flow freely for the health of the larger business community. With that backdrop, I am proud to announce that the 2015 IBA Annual Convention, “New Horizons,” will be held Sept. 13-15 at the beautiful and historic French Lick Resort. The event will provide plenty of networking opLure in your prospects through strategic advertising in Hoosier Banker magazine, the flagship publication of the Indiana Bankers Association. Hoosier Banker is distributed to more than 6,500 subscribers monthly, with a pass-along readership exceeding 15,000. Its subscriber base includes all banks and thrifts headquartered in Indiana, along with non-Indiana banks that have a presence in Indiana. They won’t bite without the bait ... For details, contact Rod Lasley at 317-387-9380, rlasley@indianabankers.org.
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