23 Hoosier Banker January 2016 the required amount each year during the retirees’ employment. This is a way to defer the costs until future years. The proceeds can also be used to prepay the required pension contributions, resulting in a net pension asset. The current regulatory environment for banks requires a municipal credit analysis process that includes pre-purchase and post-purchase documentation. This process needs to include reviewing risks associated with unfunded pension liabilities. The recommended credit metrics listed above and other information about unfunded pension liabilities can be found by reading the footnotes to the municipality’s financial statements. Below is an example of the pension-specific portion of a credit criterion check tool for post-purchase monitoring. As the availability of pension data becomes more accessible, this type of tool can help identify municipalities with pension plans that do not meet preferred benchmarks. t Bradlee F. Stamper has been named president and chief executive officer of Bankers’ Bank, Madison, Wisconsin and Bankers’ Bancorporation. He has 33 years of banking experience, including commercial, retail, consumer and mortgage lending, finance, marketing, risk management, sales and strategic planning. Stamper is a graduate of Marietta College. Kevin Christensen, vice president of risk and financial services of The SHAZAM Network, Johnston, Iowa, has been elected to the board of directors of the National Automated Clearing House Association. He joined The SHAZAM Network in 2004 and served as senior internal audit manager and as vice president of audit before being promoted to his current role in 2015. Christensen has 10 years of experience as a bank examiner with the Federal Deposit Insurance Corp. A graduate of Simpson College and a member of the Information Systems Audit and Control Association, he is a certified information systems auditor and has earned designation as certified in risk and information systems control. Barnes & Thornburg LLP, Indianapolis, has hired seven attorneys for its Indianapolis office. New hires are: Lauren Box, government services; Ethan Craig, litigation; Jackie Gessner, labor and employment; Sean Phipps, intellectual property; Alexandra Robinson, litigation; John Routon, intellectual property; and Amy Smith, environmental. Doug Hopek has joined City Securities Corporation, Indianapolis, as senior vice president, corporate finance for its new Chicago office. He previously served as director, investment banking at KPMG Corporate Finance. City Securities Corporation, Indianapolis, has announced new promotions. Matt Burnett has been promoted to senior vice president, and John “J.” Miller and Teia Sebree have been promoted to vice president. William Barkimer has joined Krieg DeVault LLP, Indianapolis, in the litigation practice group. CliftonLarsonAllen, Indianapolis, has announced new promotions: David Youngblood, senior manufacturing and distribution/private tax clients; Nicholas Miller, senior manufacturing and distribution; Kira Sexton, director of financial industries; Sarah Kuehl, senior accountant of nonprofit financial services; and Michelle Badger, office coordinator. Welcome, New Member The Indiana Bankers Association welcomes the following company to the IBA network as an associate member. For more information about the benefits of associate membership, please contact Rod Lasley at 317-3879380, email: rlasley@indianabankers. org. Country Banker Systems LLC Tim Ohlde, 800-780-5479 countrybanker.com A new standard for financial analysis software; customizable and in-depth reports create an enhanced lending process. Tools include credit risk ratings, risk-based pricing, cash flows, pro forma analysis and loan presentations. Lenders use quick, intuitive one-time data entry, replicated throughout the system to get a true measure of each borrower. t AssociAte MeMbers’ corner News from IBA’s valued associate members
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