HB HOOSIER BANKER MAGAZINE indiana.bank PLUS! Mega 2020 Reimagined JANUARY / FEBRUARY 2021 Mike Zahn Standing tall as IBA chairman
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Honor the shining stars of banking in your community by nominating the leaders, past and present, who have helped lead your institution to excellence. This prestigious distinction, IBA’s highest honor, celebrates exceptional bankers throughout Indiana’s history who have left their mark in Please consider the current and past presidents, CEOs, directors and others who have played an integral part in the success of your institution at the local level, as well as in the Indiana banking community. Now through April 30, 2021, the Indiana Bankers Association is accepting nominations for the 2021 CLASS of the IBA Leaders in Banking Excellence. For more information about the annual IBA Leaders in Banking Excellence awards and nomination process, please contact Rod Lasley at the IBA, 317-387-9380, rlasley@indiana.bank BankingCommunity Service Civic Involvement
DIRECTORS & STAFF HOOSIER BANKER MAGAZINE indiana.bank IBA BOARD OF DIRECTORS Officers Michael S. Zahn, Chairman ...............................................First Federal Savings Bank, Huntington Garry D. Kleer, First Vice Chairman.............................................................. First Bank Richmond Jamie R. Shinabarger, Second Vice Chairman..........Springs Valley Bank & Trust Company, Jasper Lucas White, Immediate Past Chairman...........................The Fountain Trust Company, Covington Amber R. Van Til, President and CEO............................Indiana Bankers Association, Indianapolis Constituent Directors Michael K. Bauer, ABA Membership Council. ................................ WesBanco Bank, Wheeling, WV Michael H. Head, ICBA State Director. ................................First Federal Savings Bank, Evansville John Corbin, Non-Indiana Headquartered Bank Director .Huntington National Bank, Columbus, OH Emily Boardman, Future Leadership Division President......................... Crossroads Bank, Wabash At-Large and Regional Directors David M. Findlay, At-Large ......................................................................Lake City Bank, Warsaw Kent A. Liechty, At-Large ...............................................................................First Bank of Berne Benjamin J. Bochnowski, North Region ....................................................Peoples Bank, Munster Joseph D. Carlson, North Region..........................................Community State Bank, Royal Center Jeffrey W. Gump, North Region ........................................... Farmers and Merchants Bank, Laotto Jessica Carroll, South Region ............................... The New Washington State Bank, Charlestown Gregory Inman, South Region.......................................Scottsburg Building and Loan Association John M. Kennedy, South Region ...................................................... Greenfield Banking Company IBA FUTURE LEADERSHIP DIVISION ADVISORY BOARD Emily Boardman, President……............................................................. Crossroads Bank, Wabash Jon-Myckle D. Price, Vice President............................Security Federal Savings Bank, Logansport Greg Barnes Jr........................................................................................ STAR Bank, Fort Wayne Michael J. Clampitt.................................................................................North Salem State Bank Jason L. Ernst......................................................................................Terre Haute Savings Bank Gavin Fisher ............................................................... Community First Bank of Indiana, Kokomo Nashelle Frazier..............................................................................Old National Bank, Evansville Brock C. Goggins........................................................................ German American Bank, Jasper Kyle Goodwin............................................................................................... DeMotte State Bank Christopher Griffith ........................................................................ First Harrison Bank, Corydon Ryan Hart ...............................................................................................Lake City Bank, Warsaw Zach Hockersmith...................................................Hoosier Heartland State Bank, Crawfordsville Heather Lucas .........................................................................The National Bank of Indianapolis Amanda Morris-Feldman ...................................................First Federal Savings Bank, Rochester Billy Winter...................................................................................Bippus State Bank, Huntington Melodie K. Yarnell ......................................................................Jackson County Bank, Seymour IBA STAFF Amber R. Van Til ........................................................................................... President and CEO Paul W. Freeman, CAE .......................................................................... Executive Vice President Rod Lasley ............................................ Executive Vice President-Operations & Member Services Dax Denton ............................................................Senior Vice President - Government Relations Eric J. Augustus ...............................................................Vice President - Government Relations Christina M. Bennett, CMP ....................................................Vice President - Meetings & Events Laurie A. Rees ...................................................................Vice President - Education & Training Laura Wilson ........................................................................... Vice President - Communications Josh Myers ........................................................Assistant Vice President - Member Engagement Emily Brooks ..............................................................................Member Engagement Specialist Lizzie Ketzenberger .............................................Executive & Government Relations Coordinator Susan Clark ......................................................................Events & Products/Services Assistant Marcy Borden, CMP ....................................................................Education Meeting Coordinator Elizabeth DeHaven ......................................................................Education Meeting Coordinator Timothy Fry .....................................................................................................Staff Accountant Tracy Kubly ................................................................................................Technology Manager MISSION: To advocate for and sustain an environment in which banks can succeed. VISION: To provide exemplary service to members as the premier state bank trade association in the country. VALUES: In fulfilling our mission, we will: n Maintain the highest ethics, integrity and respect for others; n Serve with professionalism, innovation and resourcefulness; n Instill passion, positive attitude and enthusiasm; n Remain mindful that the success of the IBA is judged by the success of its members. Publisher: Amber R. Van Til Editor: Laura Wilson Advertising: Rod Lasley Design/Print: The Westcott Group Inc. Submissions: HB@indiana.bank Advertising: Media kits are available at indiana.bank. Advertising is reserved for members and associate members of the Indiana Bankers Association. Deadlines: Editorial and ad space reservations are due the first of the month preceding publication. Subscriptions: Subscriptions are provided free of charge to members and associate members of the Indiana Bankers Association. About: The flagship publication of the Indiana Bankers Association, Hoosier Banker is distributed to all banks and thrifts headquartered in Indiana, IBA- member banks headquartered out-of-state and IBA associate members. Publication Disclaimer Hoosier Banker (ISSN 0018 473X) is published bimonthly by the IBA Service Corp., a subsidiary of IBA Holding Company Inc., that is a wholly owned subsidiary of the Indiana Bankers Association. Material published in Hoosier Banker and on the IBA website is the property of the IBA. All rights reserved. Contact IBA Email IBA staff using first name initial and last name, plus “@indiana.bank” – example: jdoe@indiana.bank Indiana Bankers Association 8425 Woodfield Crossing Blvd., Suite 155E Indianapolis IN 46240-7321 317-387-9380 Vol. 105 No. 1
Hoosier Banker 5 CONTENTS – Dorothy Dandridge There is no force more powerful than a woman determined to rise 10 '3:)6 7836= Mike Zahn, Standing Tall as IBA Chairman Emily Brooks, IBA 14 ARTICLE SPOTLIGHT Mega 2020 Reimagined Christina M. Bennett, IBA FEATURES 6 Vantage Viewpoint Amber R. Van Til, IBA 7 Chairman’s Report Michael S. Zahn, First Federal Savings Bank 9 IBA Calendar of Events 20 Banking on Women Conference Laurie A. Rees, IBA 24 Proudly Presenting the 2021 IBA Board of Directors 46 Looking Ahead to a Happy New Year Rebeca Romero Rainey, ICBA 48 Playing the Long Game Robert S. Nichols, ABA GR SUMMIT 28 Old and New Changes Coming Dax Denton and Eric Augustus, IBA FLD FOCUS 30 Network and Engage Josh Myers, IBA IBA INSURANCE SOLUTIONS 32 Importance of Written Agreements Chuck Maggard, IBA Insurance Solutions DIRECTORS / SENIOR MANAGEMENT 34 Fighting Margin Compression Dale Sheller, The Baker Group 463(9'87 7)6:-')7 463*-0) 35 Contract Negotiations Rod Lasley, IBA COMPLIANCE CONNECTION 37 The Indiana Antitrust Act Brett J. Ashton, Krieg DeVault LLP 474 7,3;'%7) 38 Create a Business Continuity Plan Jeff Williams and Amy Baker, Spry HUMAN RESOURCES 40 COVID-19 Vaccines Debra A. Mastrian, SmithAmundsen LLC AG BANKING 42 Agricultural Credit Outlook 2021 Brady Brewer and Todd H. Kuethe, Purdue University INDIANA BANK & THRIFT STOCK UPDATE 45 Stock Analysis Michael A. Renninger, Renninger & Associates LLC CLOSING NOTE 58 Lending a Hand DEPARTMENTS 13 Taking It Easy 19 In Memory of 27 Banking Center News 33 Banking on Community 36 Video Bonus 50 Honorable Mentions 53 Bankers on the Move 57 Associate Members’ Corner 57 Advertisers Index 10 14 20 In This Issue Standing Tall as IBA Chairman
6 JANUARY / FEBRUARY 2021 Greetings, and welcome to 2021. My guess is that everyone is looking at this year with an extra dose of hope and optimism, tempered with an urge to forget 2020. Let’s not dismiss last year so quickly, though, that we overlook the good that came from it. Instead, let’s remember 2020 as the year that we survived and thrived, all at the same time. Indiana banks accomplished a great deal through the trials of 2020. Topping the list is that you helped to bring nearly $10 billion in support to Indiana small businesses through the Paycheck Protection Program. It was no small feat to process volumes of loans under a tight deadline, but you did it. You also donated much time, treasure and talent to helping community organizations, individuals and families in need. Those needs were enormous, but lessened through the support you provided. At the Indiana Bankers Association, we logged some accomplishments, too. We continued to retain all Indiana-headquartered banks as members, maintained a robust associate member base, reached thousands of bankers through education and training, successfully transitioned convening events to an online format, researched hundreds of pieces of legislation on your behalf, raised significant Indiana BANKPAC dollars and kept communications in flow. In the next-gen bankers arena, we saw the establishment of two banking minors in Indiana, kept our BankLEAD internship program up and running, and increased Future Leadership Division engagement. Additionally, we documented these achievements with more videos than we have ever produced before. Regarding banking minors, we greatly appreciate the opportunity to partner with Purdue University Northwest and Ball State University. In addition to offering banking minors, PNW initiated a banking concentration in 2019, and Ball State dedicated a room in its business school last fall to the IBA. See page 29 for a photo from the room dedication. Throughout all the ups and downs of 2020, your IBA remained fiscally solvent, ending the year far better than we had hoped. That kind of quantifiable success comes from the combined efforts of our bank members, associate members, IBA Board of Directors' guidance and IBA staff. I’d like to offer a special thank you to those associate members that were our IMPACT Players – Industry Makers Pledging Assistance, Cooperation & Togetherness. Also, a shout out goes to Rod Lasley, who spearheaded this opportunity. A list of IMPACT Players is shown on page 8. Now for 2021, while we don’t yet know exactly how it will play out, we do know that good news is around the corner. With widespread vaccinations on the horizon, plans are in place for the convening events that we all enjoy. :%28%+) :-);43-28 (SRŭX 1MWW 3YX The Don’t Miss Out box on this page gives dates for some of our larger events. You’ll notice that the Annual Convention is set for August this year, with the Mega Conference scheduled in October. Since Mega is so large, we felt it should take place later in the year rather than in May, to give more time for a return to normal. We’ll also be celebrating Leaders in Banking Excellence in 2021 – twice. Last year we inducted a record class of 10 members of exemplary banking leaders. Due to social distancing, we opted to wait for this year to recognize them, so we can present the Leaders in Banking Excellence awards in person. In addition, we’ll be inaugurating a new class of Leaders in Banking Excellence in coming months. See the announcement on page 3 for details on how to nominate someone from your organization for IBA’s highest honor. Also this year we plan to build on the success of the Commitment to Community award program by collecting nominations for bank community outreach in 2020. Visit indiana.bank/commitment-community-award to read more about the C2C awards, or see the announcement on page 51. Again, on behalf of the IBA team, welcome to 2021. Last year was a wild ride, yet also a privilege to partner with you. We look forward to working with you again this year. HB %QFIV 6 :ER 8MP President and CEO Indiana Bankers Association avantil@indiana.bank @grbanker %RRYEP 'SRZIRXMSR %YK Bank leaders convene, connect and conduct IBA business in scenic French Lick. 1IKE 'SRJIVIRGI 3GX Mega is the largest, most comprehensive state banking event in the nation. &EROMRK SR ;SQIR 'SRJIVIRGI 2SZ Women in banking gather to unlock potential and own the future. *SV IZIRX YTHEXIW ZMWMX MRHMERE FERO GEPIRHEV
Hoosier Banker Thank you for electing me as 2021 chairman of the Indiana Bankers Association. If serving last year as first vice chairman was supposed to train me for anything, it did! It was quite a year. But we got through it, and we did it together. It was teamwork at your bank that kept you serving your communities, and it’s teamwork in this industry that keeps Indiana banks united. At the center of our banking family stands the IBA. This past year has demonstrated how vital our Association is. Throughout 2020, the IBA kept up a steady level of communications. The Paycheck Protection Program is a perfect example. PPP changed almost daily, but the IBA kept us current. In the area of education, the IBA continued nonstop with quality offerings. My employees were able to participate in a number of educational offerings and events, thanks to IBA’s switch to a virtual format. IBA’s largest events of the year, the Mega Conference and Annual Convention, were successfully repurposed into the online Mega Reimagined event. The IBA Annual Washington Trip, too, was able to take place through a series of Zoom meetings. Which brings me to the topic of advocacy. First, kudos to the IBA Government Relations team for providing us with a voice that is heard both at the Statehouse and on the federal level. The IBA has earned a high level of respect among legislators and regulators alike. Second, if you haven’t been active in grassroots advocacy before, now is the time to jump in. We’ll be facing many issues this year for which a banking perspective is critical. The more voices that join in, the stronger the message. Topics we may be addressing in coming months include federal stimulus, PPP loans, updated social distancing criteria and the vaccination rollout. It’s good news that COVID-19 vaccines are available, but there may be as many questions as answers. Overall our biggest challenge is facing the unknown. How will another round of PPP loans function? When will we reach a new normal? What will a new normal look like? But the IBA was there for us in 2020 and remains with us now, keeping us united. We have strength in unity. We also have strength in an impressive history. Many of our banks, mine included, have been around long enough to have weathered the pandemic of 1918, two world wars, the Great Depression, several recessions and multiple other challenges. You are part of that history – whether your bank is a century old or a quarter-century old – because we share a collective institutional history. That history has brought us to the year 2021, working together to support the communities we serve. So thank you again for electing me to chair the IBA. I follow many capable leaders going back to 1897, each who left an imprint on this Association. One of those leaders is my father, Stephen E. Zahn, who served as 1996-97 chairman of the Indiana League of Savings Institutions, which later merged with the IBA. My father is my mentor, so it’s a double honor to follow in his footsteps. He in turn was inspired by his father, William E. Zahn, who was named president of First Federal Savings Bank in 1963. Those of you who are from banking families can understand that, for me, banking is more than a job or even a career. It’s a family legacy to uphold. I’d also like to thank my wonderful wife, Susan, and our three boys who make me proud every day. I’m a very lucky person at home and at work, surrounded by people I admire. I look forward to working with you in this new year. HB CHAIRMAN’S REPORT *MVWX 7EZMRKW &ERO • @JWFMRHMERE ŵ (IG Our Elizabeth branch is getting into the Christmas spirit, all while supporting a good cause! They have built a Christmas scene with their donations for the South Harrison Community 'IRXIV GSQTPIXI [MXL E XVII XVEMR ƤVITPEGI ERH GS^] GLEMV GSQQYRMX] [LIVI]SYVIEP[E]WƤVWX %PPMERGI &ERO • @%PPMERGI&EROC-2 ŵ 2SZ Today we are #Thankful for the staff at Jasper County Recovery House and all they do for their students. They are truly there JSV XLIQ HYVMRK XLI IEVPMIWX HE]W SJ XLIMV ƤKLX EKEMRWX addiction. #Rensselaer #JasperCounty #banklocally #communitybank #myalliancebank ,SSWMIV ,IEVXPERH 7XEXI &ERO • @Q],,7& ŵ 2SZ Despite the pandemic, the Roachdale Public Library has continued to provide story time to children with their Story Time “To Go” program books. Carlie & Sara presented a donation on behalf of HHSB to help them continue the program throughout the year. #hhsbgivesback #storytimetogo ,SQI &ERO ŵ $,SQI&EROC ŵ 2SZ As we celebrate our 130th anniversary with 13 weeks of giving, we surprised Interchurch Food Pantry of Johnson County with a $10k gift! Thank you, JC Food Pantry, for all you do to #MakeLivesBetter and #GatherGrowGive! 1IVGLERXW &ERO SJ -RHMERE ŵ $1IVGLERXW&ERO-2 ŵ 2SZ Merchants values and supports the mission of @JA_USA to educate and inspire young people with experiential learning opportunities. Our teams in Eastern Indiana recently presented a donation to Junior Achievement of Eastern Indiana for the Wayne Co Foundation Challenge Match. *SPPS[ -&% 8[MXXIV $MRHMEREFEROIVW NOTABLE QUOTES &ERO 'SQQYRMX] 7IVZMGI SR 8[MXXIV 1MGLEIP 7 >ELR Chairman Indiana Bankers Association President and CEO First Federal Savings Bank, Huntington
JANUARY / FEBRUARY 2021
Hoosier Banker View full calendar and register online at indiana.bank/calendar, or click on the icons above in HB Digital. IBA Center for Professional Development | 8425 Woodfield Crossing Blvd., Suite 155E | Indianapolis, IN 46240 | 317-387-9380 ONLINE Build knowledge via webinars or on-demand. CLASSROOM Learn with peers in a classroom setting. SCHOOLS Deepen understanding through multi-day learning. EVENTS Experience a variety of IBA gatherings. CONFERENCES Convene and connect at signature IBA events. Calendar of Events CALENDAR UPDATE &VERGL 1EREKIQIRX 7IVMIW 7IWWMSR - 2I[ =IEV 2I[ 7XEVX /I] 'SQTSRIRXW JSV E 7YGGIWWJYP =IEV Jan. 12, 2021 7IRMSV 6IXEMP &EROMRK 3JƤGIV *SVYQ Jan. 13 %HZERGIH 'SQQIVGMEP 0IRHMRK 7GLSSP Jan. 13-14 &7% 3JƤGIV *SVYQ Jan. 14 1SVXKEKI 0IRHMRK 7GLSSP Jan. 19-21 0IEHIVWLMT (IZIPSTQIRX 4VSKVEQ %PYQRM )ZIRX Jan. 26 -27 7IRMSV 0IRHIV *SVYQ Feb. 3 • Group 1 Feb. 4 • Group 2 7IGYVMX] 3JƤGIV *SVYQ Feb. 4 '&' 7IWWMSR ũ 8LVII 7IWWMSRW Feb. 9 • Feb. 10 • Feb. 11 '*3 *SVYQ Feb. 11 • Group 1 Feb. 12 • Group 2 'ERREFMW &EROMRK Feb. 16 )QIVKMRK 0IEHIVW Feb. 17 %HZERGIH 'VIHMX %REP]WX 7GLSSP Feb. 17-18 1EVOIXMRK (MVIGXSVW *SVYQ Feb. 23 -8 3TIVEXMSRW 3JƤGIV *SVYQ Feb. 24 • Group 1 Feb. 25 • Group 2 &VERGL 1EREKIQIRX *SVYQ March 2 -6% &EWMGW March 3 -6% -RXIVQIHMEXI March 4 6MWO 1EREKIQIRX 3JƤGIV *SVYQ March 4 ,YQER 6IWSYVGI (MVIGXSVW *SVYQ March 9 0IEHIVWLMT (IZIPSTQIRX 4VSKVEQ March 16-18 -6% &EWMGW March 23 -6% %HZERGIH March 24 %RRYEP 'SRZIRXMSR Aug. 15-17 1IKE 'SRJIVIRGI Oct. 11-13 &EROMRK SR ;SQIR 'SRJIVIRGI Nov. 3-4 238) *SV XLI PEXIWX MRJSVQEXMSR EFSYX -&% IZIRX HEXIW PSGEXMSRW ERH JSVQEX TPIEWI ZMWMX indiana.bank/calendar Convert to HB Digital to Enjoy: Bonus links to videos, photos and more Portability by phone/mobile device Early access, averaging two weeks ahead of snail mail Switch to HB Digital Hoosier Banker is available free of charge to all IBA members and associate members. To start your HB Digital subscription – or convert hard copy to digital-only – contact Laura Wilson at lwilson@indiana.bank, 317-333-7146.
10 JANUARY / FEBRUARY 2021 '3:)6 7836= Mike Zahn Standing tall as IBA chairman When elected as 2021 chairman of the Indiana Bankers Association, Michael S. Zahn made history as the first IBA leader elected in a virtual format. Officer elections normally take place during the IBA Annual Convention in September, but pandemic restrictions moved elections to the online Mega Reimagined event in November. Zahn was officially elected 2021 IBA chairman on Nov. 18, 2020, and assumed duties effective Jan. 1 of this year. He is president and CEO of First Federal Savings Bank, Huntington, the third generation of his family to lead the institution. His grandfather, William E. Zahn, was named president in 1963, and his father, Stephen E. Zahn, became president and CEO in 1980. Mike Zahn joined the bank in 1996, was named president in 2005, and became CEO in 2011. Active in the community, Zahn serves on the boards of Huntington County Economic Development and Huntington University Foundation, for which he also is a past president. Additionally, he is a former trustee of Huntington University and has served in leadership capacity with organizations including the United Way of Huntington Capital Campaign, the Bowen Center, the Optimist Club, Parkview Huntington YMCA, Huntington County Junior Achievement, Huntington County Chamber of Commerce and Lime City Economic Development. A longtime supporter of the IBA, Zahn has served the Association as first vice chairman, second vice chairman and northeast region director. He earned an undergraduate degree from Indiana University and an MBA from the University of Notre Dame. Hoosier Banker had the opportunity to interview Zahn last fall. What are your goals as IBA chairman, and how does the pandemic affect plans for 2021? “As the 2021 IBA chairman, my first goal is to continue to build on the solid foundation established by the previous chairs. Through these difficult times, the banking industry has stood tall, served our communities and helped those in need. “The IBA was vital to our industry, providing guidance and direction. It’s really just my job to keep things moving forward. “I’m hopeful that in 2021 we are able to take advantage of everything the IBA has to offer. While Zoom meetings and conference calls were valuable, the opportunity for bankers to meet in person to continue their )QMP] &VSSOW Member Engagement Specialist Indiana Bankers Association ebrooks@indiana.bank
Hoosier Banker 11 PHOTO CAPTION: *SV E QEKE^MRI TVSƤPI MR 2017, Mike Zahn was asked, “What’s one thing you can’t live without?” His response: “My family.” Photo courtesy of Business People, Fort Wayne. education or share experiences and strategies with peers is irreplaceable.” How has COVID-19 impacted your responsibilities as president and CEO of a community bank? “I’ve been in banking for almost 25 years. Generally, we address the challenges of asset quality, interest rate risk, regulation and a host of other issues unique to the banking industry. COVID-19 made us change our focus dramatically. “My most important responsibility during the pandemic has been keeping our staff and customers safe. All of us have taken extraordinary steps to do the best we can in this endeavor, and I would guess a day does not go by where this topic is not discussed. “Our staff and customers and their families are our most valuable asset. We have to do all we can to protect them.” For your bank’s community outreach, how do you determine where to devote resources? “We take pride in our efforts to make the communities we serve the best they can be. Whether it is with time, talent or treasure, we are committed and understand our role. When determining where to devote our resources, we listen to the needs of the community. “We currently operate in three markets, and each one is a little different with different needs. Working
12 JANUARY / FEBRUARY 2021 closely with the social service agencies in each community better equips us with the understanding of the unmet needs.” Your father and grandfather also were leaders at First Federal Savings Bank. Why did you decide to devote your career to banking? “I am very fortunate to work in a great industry, and even more blessed to have the opportunity to work with my father. Growing up in a small town with both my grandfather and father in the banking industry, I was able to witness firsthand the positive impact a community bank can make. “My grandfather and father were bankers. This was almost more than just a vocation. Like many of us in this industry, we never really take our banking hats off. “Even today, I talk to people who mention my grandfather gave them their first loan to buy a home. Or a customer mentions to me that my father helped them start their small business. “I take great pride in what my grandfather and father have been able to accomplish as bankers in a small town, and I try to do my very best to meet the high standards they set serving our community and our customers.” What would you like for bankers who are not involved with the IBA to know about the Association? “The IBA offers bankers an abundance of opportunity. I see the IBA as a tool that will make me a better banker. Whether it is through education, advocacy, promoting our industry or attracting next-gen bankers, the IBA is focused on serving our industry. “As a new banker in the late ’90s, the opportunities to connect and learn from other bankers at IBA events was invaluable. The network that I was able to create by attending classes, conferences and volunteering for committees has made me a much better banker and given me lifelong friends and colleagues. “We are truly lucky to have an Association that provides our industry so much.” How can the IBA help the Indiana banking community adapt to future needs? “One area that is very impressive about the IBA is the staff’s ability to stay at the forefront of emerging topics and issues. I do my best to stay on top of issues at the state and federal levels, but often I've received correspondence about an issue from the IBA before I even knew there was an issue. “The respect and clout the IBA staff have earned over the years allow them into rooms with decision-makers. This means bankers have a seat at the table. This is the best way the IBA can continue to help bankers in the future.” When you’re not working, what do you like to do for fun? “I may be the most stereotypical banker. When I’m not working, which I really enjoy, I can normally be found on the golf course. It probably is less about the golf, as I’m not very good, and more about the opportunity to spend time outside with good friends. “The only thing better than a great round of golf with great people would be spending time with my family. With three boys, I’ve spent countless hours at practices and games and would not trade a minute of it. I understand at some point these days will ,SRSVW ERH EGEHIQMG HMTPSQEW GSZIV [EPP WTEGI MR 1MOI >ELRŭW SJƤGI
Hoosier Banker 8LI >ELR JEQMP] TEYWIW JSV E TLSXS WLSSX 7LS[R JVSQ PIJX EVI 2SEL )XLER 7YWER 1MOI ERH %HEQ 'LEMVQER :MHIS Michael S. Zahn, president and CEO of First Federal Savings Bank, Huntington, serves as 2021 chairman of the Indiana Bankers Association. To view a video about Zahn, shown at IBA Mega Reimagined last November, click on the video icon in HB Digital. be behind me, and I am not going to take any of it for granted.” Please share a bit about your family and home life. “I could not be who I am today if not for my wife, Susan. Most would agree that I ‘outkicked my coverage.’ She is the reason I strive to be the best version of myself. “We’ve been blessed with three sons: Adam, Noah and Ethan. Each of them makes me proud every day. “Sometimes life gets really hard, but family is always there for you. Never miss an opportunity to let them know how much they are appreciated and loved.” HB TAKING IT EASY Thomas Miller, regional president of commercial banking at STAR Bank, Fort Wayne, has retired after 16 years of service. He has been active with organizations including the Muncie Delaware County Chamber of Commerce, East Central Indiana Regional Partnership, the Micro Loan Committee, Academy for Community Leadership and Delaware Advancement Corp. HB State Rep. Matt Lehman, R-Berne, has been honored as the Indiana Bankers Association 2020 Legislator of the Year. He was recognized on Nov. 24 in an award presentation by Dax Denton and Eric Augustus of the IBA Government Relations Team. The Legislator of the Year award recognizes Lehman for his support of a strong business and banking environment. He was elected to the Indiana General Assembly in 2008, representing House District 79, and currently serves as House majority leader. Lehman is a member of the House Financial Institutions and Insurance Committee, the House Public Health Committee and the House Public Policy Committee. He began public service in 1994, when elected to the Adams County Council, for which he served as president from 2000 to 2008. A certified insurance counselor, Lehman is a member of the Independent Insurance Rep. Matt Lehman (center) accepts the Indiana Bankers Association Legislator of the Year award from IBA associates Dax Denton (left) and Eric Augustus. 0ILQER 2EQIH 0IKMWPEXSV SJ XLI =IEV Agents of Indiana and the Independent Insurance and Brokers of America. He began his insurance career with Bixler Insurance Inc. in Berne in 1991 and in 1994 became a partner. Previously he was a sales representative with Moser Ford in Berne. Lehman has been active in the community through organizations including Rotary International, the Berne Chamber of Commerce and Junior Achievement. Additionally, he serves on the Swiss Village board of directors. Lehman is a graduate of Vincennes University. HB
JANUARY / FEBRUARY 2021 ARTICLE SPOTLIGHT Mega and Convention combined in 2020
Hoosier Banker 15 How many times can the Indiana Bankers Association plan one conference? For Mega 2020, the number seemed to be endless. The original conference was scheduled for May at the Indiana Convention Center in Indianapolis. In early March, we thought we would be quarantined for two weeks, and that there was plenty of time to get back to business before the May event. Boy, were we ever wrong. As 2020 wore on, we added in the IBA annual meeting as we planned and replanned our flagship events. Through spring and early summer, the IBA Board of Directors remained optimistic about being able to hold a live event in 2020. But as the pandemic raged through July, we were rethinking, and by September we made the tough decision to transition to virtual. The goal of the event was to provide the education that our members need, but also to create a connection, something many of us were lacking in 2020. And these times certainly challenged us to see things differently – to do things differently – yet in the end, achieve the same: create and nurture a strong community of banking professionals who learn and grow through shared experiences, exceptional educational opportunities, and superior banking products and services. On Nov. 16-18, more than 700 IBA members joined us for Mega Reimagined. The event featured three keynotes who were specifically selected to be virtual. Holly Hoffman kicked us off with her message of “Lead Simply,” while Erik Qualman presented on digital leadership, and Dr. Stephen Happel gave us a glimpse into the post-Trump economy. Each year, the Association is required to hold an annual meeting, which is typically accomplished at the Annual Convention. IBA records show that only two times in our 123-year history have we not held an annual convention, and both of those were during world wars. We definitely made history in 2020, holding our first-ever virtual annual meeting. IBA 2020 Chairman Lucas White was joined by 2021 Chairman Mike Zahn and President and CEO Amber Van Til to review the year. Lucas characterized 2020 as “a dumpster fire,” but proudly said he successfully accomplished his goal of visiting all Indiana-based member banks – although he was thankful to have started in the fall of 2019. Lucas was recognized as a Sagamore of the Wabash, with the award presented by Director Tom Fite of the Indiana Department of Financial Institutions. We also elected officers for 2021, as Mike Zahn was elected chairman, with Garry Kleer and Jamie Shinabarger elected first and second vice chairmen, respectively. We presented 40 concurrent sessions, with many of the topics changing because of the pandemic. The virtual presentations were well attended and were also available to attendees on-demand through year-end. Associate members stepped up big for Mega Reimagined, and most every session had its own sponsor, with the sponsor providing a short video and/or introducing the speakers. More than 50 exhibitors created inviting virtual exhibit booths to welcome attendees. We gave away lots of prizes, and we were also able to hold the traditional Future Leadership Division silent auction to benefit Indiana BANKPAC, raising $16,360. Overall, the comments from the 2020 event were positive, with many expressing the hope that we will gather in person in 2021. Plans are already being made for live events this year. Please mark your calendar for new event dates in 2021. This year we plan to host the Annual Convention Aug. 15-17 in French Lick, and the Mega Conference Oct. 11-13 in Indianapolis. We can’t wait to see you all! HB 'LVMWXMRE 1 &IRRIXX '14 Vice President - Meetings & Events Indiana Bankers Association cbennett@indiana.bank @cbennettin
16 JANUARY / FEBRUARY 2021
Hoosier Banker Twenty-five member banks of the Indiana Bankers Association submitted nominations for the 2019 Commitment to Community Awards, presented at Mega Reimagined on Nov. 17. Stories of all nominating banks were highlighted in the September/October 2020 Hoosier Banker, as well as online, in IBA %WWIX 7M^I 9RHIV 1MPPMSR Alliance Bank, Francesville - winner Bedford Federal Savings Bank - finalist Community First Bank of Indiana, Kokomo - finalist Bath State Bank Bippus State Bank, Huntington First Federal Savings Bank, Huntington First Vincennes Savings Bank Home Bank, Martinsville Kentland Bank The Peoples Bank, Brownstown Riddell National Bank, Brazil Wayne Bank and Trust Company, Cambridge City E-News and in a statewide news release. Nominations for 2020 C2C Awards are open through Jan. 31. For more information, visit indiana.bank/commitment-communityaward, or contact Emily Brooks at ebrooks@ indiana.bank, 317-333-7167. Commitment to Community Awards Shane R. Pilarski, president and CEO of Alliance ĂŶŬ͕ ĚŝƐƉůĂLJƐ ĂŶ /ŶĚŝĂŶĂ ĂŶŬĞƌƐ ƐƐŽĐŝĂƟŽŶ 2019 Commitment to Community Award in the category of banks with assets below $500 million. Amber Van Til, president and CEO of the Indiana ĂŶŬĞƌƐ ƐƐŽĐŝĂƟŽŶ͕ ƉƌĞƐĞŶƚƐ ĂŶ / ϮϬϭϵ Commitment to Community Award to Larry W. Myers, president and CEO of First Savings Bank. :MI[ ZMHISW SJ 'SQQMXQIRX XS 'SQQYRMX] %[EVH ƤREPMWXW F] GPMGOMRK SR XLI WGVIIRWLSXW FIPS[ MR ,& (MKMXEP SV ZMWMX MRHMERE FERO GSQQMXQIRX GSQQYRMX] E[EVH ' ' *MREPMWX :MHISW %WWIX 7M^I 1MPPMSR SV 1SVI First Savings Bank, Jeffersonville - winner Merchants Bank of Indiana, Carmel - finalist Peoples Bank, Munster - finalist Centier Bank, Merrillville First Bank Richmond First Farmers Bank & Trust Company, Converse First Harrison Bank, Corydon First State Bank of Middlebury German American Bank, Jasper Greenfield Banking Company Horizon Bank, Michigan City The National Bank of Indianapolis STAR Bank, Fort Wayne Allied Solutions The Baker Group BancMac/Community Banc Mortgage Corporation Bankers Healthcare Group LLC Bedel Security BKD CPAs & Advisors Capitale Analytics Inc. CLA Crowe LLP CSBS - Conference of State Banks Supervisors Deluxe Corp. Federal Home Loan Bank of Indianapolis Federated Hermes Inc. FIS Fiserv Golden Eagle Insurance Inc. Graduate School of Banking at the University of Wisconsin Haberfeld HC3 IBA Group Insurance Trust IBA Insurance Solutions Independent Community Bankers of America Infotex Investors Title Insurance Company The KeyState Companies The Linked Banker/WSI Internet Consulting NContracts ProBank Austin Profit Resources Inc. R.C. Giltner Services Inc. SmithAmundsen LLC TIB-The Independent BankersBank, NA Title Center of Indiana LLC Travelers United Bankers’ Bank Virtual Innovation Inc. Voluforms Wilmington Trust, NA Thank You, Sponsors!
JANUARY / FEBRUARY 2021 Diamond Associate Members The IBA thanks the following 2020 Diamond Associate Members for their demonstrated commitment to the Association through multiple areas of support. Below right are listed those members recognized for high levels of engagement in three of XLI JSPPS[MRK EVIEW EHZIVXMWMRK WTSRWSVWLMT IZIRX TEVXMGMTEXMSR Indiana BANKPAC contribution. Normally the Diamond Associate awards are presented at the Mega Conference. Due to the pandemic, in 2020 the awards were hand-delivered. On this page are displayed photos of some of the award recipients. Congratulations and thank you to IBA Diamond Associate Members. The Baker Group Bankers’ Bank Federal Home Loan Bank of Indianapolis Infotex The KeyState Companies K4 Architecture + Design Krieg DeVault LLP 2*4 )\IGYXMZI &IRIƤXW (formerly Equias Alliance) Plante Moran Renninger & Associates LLC SmithAmundsen LLC Wilmington Trust NA DIAMOND ASSOCIATE MEMBER
Hoosier Banker 2I[ 3JƤGIVW )PIGXIH Effective Jan. 1, 2021 Chairman - Michael S. Zahn, First Federal Savings Bank, Huntington First Vice Chairman - Garry D. Kleer, First Bank Richmond Second Vice Chairman - Jamie R. Shinabarger, Springs Valley Bank & Trust Company, Jasper Annual Officer Elections 3YXKSMRK 'LEMVQER :MHIS Additionally at Mega Reimagined, a video of 2020 Chairman Lucas White was shown. To view, click on the video icon in HB Digital. Gene R. Levell, 85, past CEO and chairman of Home Bank, Martinsville, died Dec. 23, 2020. He joined Home Building Association (now Home Bank) in 1963, became a director in 1967, and served as president and CEO from 1981 until retiring in 2000. Levell continued as a member of the board to his passing, in capacity as chairman until April 2020. Additionally, he served two terms as a director of the Federal Home Loan Bank of Indianapolis. His community affiliations included the Martinsville High School building trades program, Habitat for Humanity of Morgan County, Martinsville Education Foundation, Martinsville Chamber of Commerce, Martinsville Kiwanis Club and the United Way. Levell was a member of the Indiana Bankers Association 40 Year Club and a graduate of Long Beach City College. R. Stephen Gookins, 75, past chairman of The Napoleon State Bank, died Nov. 6, 2020. He joined the board in 1972 and served as chairman from April 2012 to April 2020. Gookins served for 32 years with the Jac-Cen-Del School Corp. as a teacher, principal and superintendent. He later served as superintendent of Delaware Community School Corp. and as interim superintendent for three other school districts. Gookins was a Sagamore of the Wabash and a graduate of Franklin College. HB IN MEMORY OF MARY ALICE AVERY mavery@wilmingtontrust.com 302.636.6127 MINDY WALSER mwalser@wilmingtontrust.com 702.866.2203 Trustee Services for Senior and Subordinated Debt and Trust Preferred Securities Investment Subsidiaries and Holding Companies Custody Portfolio Accounting Investment Management ©2020 Wilmington Trust Corporation and its affiliates. All rights reserved. Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation (M&T). 43300-A 200218 VF ENTITY MANAGEMENT DELAWARE AND NEVADA EXPERIENCE
20 JANUARY / FEBRUARY 2021 – Dorothy Dandridge There is no force more powerful than a woman determined to rise FEATURE
Hoosier Banker 21 The 2020 Banking on Women Conference moved from a physical event to a virtual conference. Just as this conference encourages women bankers to do, the Indiana Bankers Association chose to push forward and rise up with a virtual offering. This presented an opportunity to connect and deliver attendees the rich experience they expect from the Banking on Women Conference with the flexibility of the virtual world. In planning this event, we knew that changing to a virtual format meant that content was king, and attendee engagement was critical to success. The event, held virtually Oct. 22-23, drew attendance of 239 women coming together for professional development, networking and inspiration. Attendees joined the conference on Thursday, Oct. 22, and delved into a day packed with powerhouse presentations. Lisa Arnold of Home Bank, Martinsville, chair of the conference planning committee, welcomed guests and offered opening remarks on the uplifting spirit of the Banking on Women Conference. Morning sessions began with a thought-provoking presentation by emcee Juli Lynch, Ph.D., a perennial favorite from the previous three conferences and the IBA Leadership Development Program. In “RISE UP: The Emerging Paradigm of Feminine Power, Influence and Wisdom Taking Precedence in a New World,” Lynch shared insights on four guiding emotional mindsets to elevate power, influence and wisdom. Ensuing presentations were “Every Generation Matters: Why Building Multi-Generational Teams Is the Future of Work” presented by Lindsay Boccardo of Lindsay Boccardo Training & Coaching; and “Getting Grit – Putting Passion, Perseverance and Purpose to Work” presented by Caroline Adams Miller, author and media personality. Another conference highlight was the online mixology event that gave the women of the conference an opportunity to network and learn something new. Big Machine Vodka’s mixologist taught attendees how to create seasonal signature drinks. This session was an interactive and social way to wrap up the end of Day One of the conference. Prior to the conference, each registrant received a “celebration box” via U.S. mail, filled with autumn-themed goodies – including ingredients for the mixology mixer. The boxes were filled with an array of other treats, such as cake bites, pumpkin spice sachet, hand sanitizer, lip balms and Starbucks gift cards. Additionally, the boxes featured a gift bag of candies and hot apple cider mix. Thank you to our sponsors who generously donated gift box items. Speaking of sponsors, this conference would not be the same without the offering of our exhibit area, where attendees were able to visit with service providers. Exhibitors and sponsors had customized virtual landing pages where attendees could interact and learn about each provider’s products and services. Throughout the conference, exhibitors demonstrated how they can be of service to attendees through exhibitor showcase videos. The Banking on Women planning committee once again chose Ascent 121 as the beneficiary of the proceeds for this year’s silent auction. Ascent 121 is a faithbased agency that provides long-term trauma recovery services for teen survivors of sex trafficking, along with an entire continuum of care. Named after Psalm 121, Ascent 121 has served more than 300 survivors in Indiana since its establishment in 2013. The online auction raised a total of $5,000. Friday, Oct. 23, began bright and early with rise-andshine yoga. Presentations included: “Help and Serve Your Customers in a Virtual World NOW & Seamlessly Transition Back to Business as Usual LATER” presented by Kelly McDonald, founder of McDonald Marketing; “Let it Go and Lead On!” by Vicki Floyd Clark, &EROMRK SR Women Conference Rise Up! Imagine. Believe. Achieve. 0EYVMI % 6IIW Vice President - Education & Training Indiana Bankers Association lrees@indiana.bank @Laurie1107
22 JANUARY / FEBRUARY 2021 Building the Capacity of Organizations; “Try, Try Again” by 2019-20 American Bankers Association Chair Laurie Stewart, president and CEO of Sound Financial Bancorp Inc.; and “Own It: Being a Woman in Banking” by Natalie Bartholomew, (#theGirlBanker) chief administrative officer and vice president of Grand Savings Bank, serving northwest Arkansas and northeast Oklahoma. The IBA Woman on the Rise Award was presented during the afternoon. Many outstanding women were nominated by their peers for this award, designed to celebrate a woman age 40 or younger who is making a significant impact in her industry and community. The winner of the 2020 IBA Woman on the Rise Award, sponsored by SmithAmundsen LLC, was Jessica Lehman from the Portland, Indiana, office of First Financial Bank, Cincinnati. Congratulations to Jessica, and to all of the outstanding nominees who are rising stars in the Indiana banking community. The prestigious IBA Woman of the Year Award, in its third year, saw an increase in women nominated by their peers. This award, sponsored by Krieg De Vault LLP, celebrates women in banking for their professional excellence, community engagement and the ability to support other women to reach their full potential. The winner of the 2020 Woman of the Year Award was Karen Gregerson of The Farmers Bank, Frankfort. Congratulations to Karen, and to all of the outstanding nominees who represent the finest in Indiana. Thank you to the planners, attendees, speakers and sponsors who made the IBA Banking on Women Conference a glowing success. Also thank you to all who participated in the silent auction for Ascent 121. With your help, we are proud to be able to support our community. The IBA looks forward to presenting its fourth annual Banking on Women Conference later this year, Nov. 3-4. See you then! HB Karen F. Gregerson, president and CEO of The Farmers Bank, Frankfort, has been honored with the 2020 IBA Woman of the Year award, sponsored by Krieg DeVault LLP, Indianapolis. This award recognizes a woman in banking who is active in the community, achievement-oriented and a contributor to team success. Gregerson joined The Farmers Bank as president and CEO in 2016, after 34 years of prior experience with STAR Bank, Fort Wayne. She is a board member of the Indiana Statewide Certified Development Corporation and a director of the Federal Home Loan Bank of Indianapolis. Gregerson also serves on the boards of organizations including the Clinton County United Way, IUK Clinton County, Partners in Progress, SHARP and PEPP. Additionally, she has been active with Girl Scouts of America, Habitat for Humanity, Junior Achievement and the United Way for Allen County. A certified public accountant, Gregerson earned a bachelor’s degree from Ball State University and a master’s degree from Indiana Tech. In 2016, she was recognized as an Outstanding Woman in Banking by BankBeat magazine. HB Jessica Lehman, director of agribusiness banking at the Portland, Indiana, office of First Financial Bank, Cincinnati, has been honored with the IBA 2020 Woman on the Rise award, sponsored by SmithAmundsen LLC, Indianapolis. This honor recognizes a woman in banking age 40 or younger who makes a positive impact in her industry and community through engagement, drive and teamwork. Lehman joined First Financial Bank in 2016 following experience with Farm Credit Mid-America and as an adviser with Beck’s Hybrids. She previously completed internships with Dow AgroSciences, the Indiana FFA Foundation and the National FFA Organization. Lehman was named Outstanding Sophomore in Agricultural Economics at Purdue University. She has been active with organizations including the Indiana Agri-Institute, the Agribusiness Council of Indiana, the Women of Indiana Agribusiness Seminar Series, Women in Agribusiness, the Miss Adams County Fair Queen Pageant, the Indiana Association of Fairs & Festivals, Indiana Farm Bureau, the American Shorthorn Association and Farm Journal, 4-H and FFA. HB BancMac/Community Banc Mortgage Corporation Bankers’ Bank BKD CPAs & Advisors Crowe LLP Federal Home Loan Bank of Indianapolis First Financial Bank, Cincinnati IBA Group Insurance Trust Independent Community Bankers of America IT Resource Inc. Lake City Bank, Warsaw K4 Architecture + Design The KeyState Companies Krieg DeVault LLP 4VSƤX 6IWSYVGIW -RG SmithAmundsen LLC
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