HB HOOSIER BANKER MAGAZINE indiana.bank C2C Award Nominations Showcasing community service in 2020 PLUS! Quasquicentennial of the IBA JULY / AUGUST 2021
The Indiana Bankers Association is honoring seven members of the Indiana banking community with the fourth annual IBA Leaders in Banking Excellence awards, to be presented at the IBA Annual Convention. This award celebrates exceptional Indiana banking leaders who have positively impacted banks and the communities they serve. Details about the awards ceremony are forthcoming in a future edition of Hoosier Banker. The 2021 Leaders in Banking Excellence represent a range of current and retired leaders in banking. All were nominated by IBA members and approved by the IBA Board of Directors. Congratulations to the 2021 class of IBA Leaders in Banking Excellence At the awards event, Indiana dignitaries from private and public sectors will be making presentations, and honorees will have the opportunity to offer comments. Additionally, participants will be invited to later visit the IBA offices to view the IBA Leaders in Banking Excellence wall, with individual plaques showcasing each honoree. The wall plaques are to remain on permanent display at the IBA, and each honoree will be given a separate plaque as a keepsake. IBA Honors 2021 Class of Leaders in Banking Excellence For more information about the awards, please contact Rod Lasley at 317-387-9380, rlasley@indiana.bank. Richard E. Belcher First Federal Savings Bank Rochester David B. Becker First Internet Bank of Indiana Fishers Mark S. Fogt Garrett State Bank David M. Geis Jackson County Bank Seymour James D. Neff Horizon Bank Michigan City C. Michael Stegall Community First Bank of Indiana Kokomo Michael C. Rechin First Merchants Bank Muncie
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. ............................................................................... Fifth Third Bank, Cincinnati 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. 4
Hoosier Banker 5 CONTENTS 10 COVER STORY C2C Award Nominations Emily Brooks, IBA 18 ARTICLE SPOTLIGHT Quasquicentennial of the IBA Laura Wilson, 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 22 New IBA Officer Candidates 2022 24 Changes to Unclaimed Property Policies and Procedures Larry Tomlin, SmithAmundsen LLC 46 Commercial Banks Appear Resilient Carl D. White II, Federal Reserve Bank of St. Louis 53 Credit Union Purchases of Taxpaying Banks Robert S. Nichols, ABA 54 Unwavering Optimism for the Long Haul Rebeca Romero Rainey, ICBA GR SUMMIT 20 2021 Legislative Session Summary Dax Denton and Eric J. Augustus, IBA INDIANA BANK & THRIFT STOCK UPDATE 26 Stock Analysis Michael A. Renninger, Renninger & Associates LLC FLD FOCUS 28 Take Your Next Leadership Step Josh Myers, IBA PSP SHOWCASE 30 Customize Solutions and Build Partnerships Joy West, Approval Payment Solutions Inc. DIRECTORS / SENIOR MANAGEMENT 32 Opportunity Cost Greg Tomaszewicz, The Baker Group 44 Getting CRA Credit William J. Showalter, Young & Associates Inc. SECURITY / FRAUD 34 Preventing and Mitigating Ransomware Brian Petzold, Bedel Security PRODUCTS & SERVICES PROFILE 36 Flexibility, Consistency and Profitability Rod Lasley, IBA HUMAN RESOURCES 38 Mandatory Vaccines and Vaccine Incentives Debra A. Mastrian, SmithAmundsen LLC IBA INSURANCE SOLUTIONS 40 Did Everyone Take Their Summer Vacation? Chuck Maggard, IBA Insurance Solutions COMPLIANCE CONNECTION 42 Cashier's Checks Brett J. Ashton, Krieg DeVault LLP CLOSING NOTE 62 IBA Board Review Jessica Carroll, The New Washington State Bank DEPARTMENTS 17 From the Board Room 21 Taking It Easy 25 Anniversary Milestone 27 In Memory of 29 Banking Center News 48 Banking on Community 50 Associate Members Corner 52 Honorable Mentions 56 Bankers on the Move 61 Advertisers Index 18 62 In This Issue 2020 Community Service “This is such a fulfilling career.” Quasquicentennial of the IBA 10
6 JULY / AUGUST 2021 Welcome back to “back to normal!” We’ve managed through all kinds of oddities this past year and some months, all the while providing services to you, just as you kept serving your customers and communities. We’re now bouncing back to cherished traditions, including gathering together in Washington DC, French Lick, Indianapolis and other locations. Equally exciting, it is our distinct pleasure to welcome members back to the IBA offices. While we did host occasional meetings in recent months, we are now resuming our full schedule of greeting bankers for in-person education, and we couldn’t be happier. Rest assured that we are regularly monitoring our protocol and procedures in order to provide safe and comfortable experiences for you. We also continue to offer quality online education for those who prefer virtual learning. Another area of excitement is that several award opportunities are forthcoming. This issue’s cover story details the 22 nominations we received for the 2020 IBA Commitment to Community (C2C) awards – a strong turnout for any year, particularly considering the challenges of COVID-19. Thank you to all of the banks that took the time to submit C2C nominations. C2C award nominations provide an opportunity for the IBA to share the winning stories of participating banks. We’ll be highlighting each bank nomination through IBA social media in the days leading up to the Mega Conference in October, when the final results will be announced. VANTAGE VIEWPOINT Don’t Miss Out! Regarding other upcoming awards, nominations are still open for the Woman of the Year and Woman on the Rise awards. These awards, to be presented at the Banking on Women Conference in November, celebrate outstanding women in banking. Read more and nominate online at indiana.bank/events/banking-women. On the topic of celebrations, please notice in our article spotlight, pages 18-19, that we’re now making plans for a year-long celebration in 2022, IBA’s 125th anniversary. You’ll be hearing more from us in coming weeks and months as we prepare for our “quasquicentennial.” This celebration isn’t just about the IBA and its history – it’s about your bank and its ties to the larger banking community. The Association exists solely because of (and for) our strong and thriving membership. So dust off those old photo boxes and archives to help us celebrate your special place in Indiana banking history. Anniversaries provide an important opportunity to reflect, remember and honor the past while embracing the future. IBA’s celebration in 2022 is designed to be a dynamic event linking IBA heritage with our next 125 years of service. In the meantime, we look forward to the remainder of 2021 as we convene and connect with you. On the facing page, Chairman Zahn captures the excitement of the Annual Convention, taking place Aug. 15-17 in French Lick. See you there! HB Amber R. Van Til President and CEO Indiana Bankers Association avantil@indiana.bank @grbanker Annual Convention Aug. 15-17 Bank leaders convene, connect and conduct IBA business in scenic French Lick. FLD Leadership Conference Sept. 21-22 Emerging leaders build skills and strengthen networks at this Future Leadership Division event. Cybersecurity Conference Sept. 29-30 Learn from industry experts to heighten awareness of cyber issues and trends. For event updates, visit: indiana.bank/calendar “Welcome Back” balloons and décor greeted bankers visiting IBA offices in June.
Hoosier Banker 7 There is a “New Day Rising,” and Indiana bankers are ready to seize the day. After more than a year of canceled events, working from home, quarantining, social distancing and other impacts of the COVID-19 pandemic, it’s time to return to normalcy. The Indiana Bankers Association’s 2021 Annual Convention celebrates this new normal with the theme of a New Day Rising. From August 15 to 17 in beautiful French Lick, bankers will gather to reconnect, learn and explore the latest developments of our field. It seems like a lifetime since I have had the pleasure to just sit with my fellow bankers and discuss industry changes and challenges. The upcoming Annual Convention will give us the opportunity to share thoughts and exchange ideas. This year, as in past years, the IBA has assembled a program lineup second to none. From outstanding keynote speeches to general sessions and breakouts with respected industry leaders, the content will serve to both educate and inspire. While the past year we had opportunities to take part in programming via webinar, conference calls and this “new technology” called Zoom, being able to interact and engage with speakers in person will be a welcomed change. Speaking of interaction and engagement, Convention also gives us the ability to catch up with valued service providers in the exhibit hall. Because we work in an industry of constant change, our ability to interact, ask questions and be introduced to new products and services is essential to enhancing our ability to provide exceptional customer service. Plus, there’s a pretty good chance our service providers will be giving away some great gifts. At Convention, I most look forward to honoring the members of the Indiana banking community being inducted as IBA Leaders in Banking Excellence. We are fortunate this year to recognize not only the class of 2021, but also the class of 2020, since last year’s awards event was postponed. All of these worthy recipients have demonstrated traits and characteristics throughout their careers that have made a positive mark on our industry. In addition to their leadership at their respective organizations, these individuals demonstrated excellence in community service and civic involvement. On a personal note, many of the honorees also were instrumental in my development as a banker. They provided guidance, direction and friendship, which I will never take for granted. Yes, it is a New Day Rising. If you have not yet registered for the Convention, what are you waiting for? Let us all take advantage of this opportunity to reconnect and reenergize. You are more than colleagues and peers; you are friends, and I’m looking forward to rekindling these friendships. HB CHAIRMAN’S REPORT First Federal Savings Bank • @ffbanking • June 1 Our Winamac branch donated $5,000 to the Pulaski County 4-H and Community Fair Association for the North Commercial Building Refurbishment Project. Keep an eye out for our sign with our logo while you are visiting our county’s fairground and park area! Community First Bank of Indiana • @cfbindiana • May 20 Congratulations to the 2021 winner of the Mike Stegall CEO Scholarship, Sarah Manuel! This scholarship is given to a @ CEOkokomo student each year in honor of Community First Bank’s retired CEO & President, Mike Stegall. STAR Financial Bank • @STARFinancial • May 20 Thanks Danielle Gilbert, Stephanie Pelko and Marquisha Bridgeman for volunteering with The @indylibrary! Thousands of students will be encouraged to have fun reading this summer. Alliance Bank • @AllianceBank_IN • May 20 Alliance Bank and Bank of Monterey have come together to help the Pulaski County Fair board with fairgrounds upgrades. Each locally owned bank donated $7,500 towards new metal siding for the South Commercial Building. #banklocally #communitybank #Myalliancebank Centier Bank • @CentierBank • May 14 As part of National Child Abuse Prevention Month, our #Michiana associates collected items, gathered donations, and sold t-shirts to help support @Dunebrook’s families in our communities. Thank you to all who donated & contributed to this effort! #commUNITybanking #CentierGives Follow IBA Twitter @indianabankers NOTABLE QUOTES Bank Community Service on Twitter Michael S. Zahn Chairman Indiana Bankers Association President and CEO First Federal Savings Bank, Huntington New Day Rising IBA Annual Convention 2021 August 15-17, 2021 Presented by indiana.bank/events/convention
8 JULY / AUGUST 2021 Can you predict what regulators will ask? You don't need a crystal ball. Visit the Bank Exam Prep Center and learn how fellow bankers are reporting on how this year's regulatory exams are being administered. Bank Exam Prep Center is your regulatory exam central. Prep before your exam and be sure to return after to take a survey and share your experience. • What questions are examiners digging in on? • What are the hot topics as field examiners meet with your peers? • How are regulators addressing COVID-19 lending practices? • What discussions are taking place over pandemic operational challenges? Visit the Bank Exam Prep Center indiana.bank/regulatory-feedback-initiative
Hoosier Banker 9 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 Emerging Leaders Digital Program July 14 • virtual 2021 Cannabis Banking Update July 14 • IBA Center FLD Networking Night July 15 • Jasper Annual Washington Trip July 18-20 • Washington, D.C. Human Resource Director Forum July 20 • IBA Center Training Director Forum July 21 • IBA Center Risk Management Forum July 22 • IBA Center Consumer Lending School July 27-28 • IBA Center Tech Shop: Acting Like You've Been Breached July 29 • IBA Center FLD Networking Night July 29 • West Lafayette Administering Construction Loans Aug. 3 • IBA Center FLD Networking Night Aug. 3 • Fort Wayne FLD Networking Night Aug. 4 • Columbus CRE Appraisal Review and Interpretation Aug. 4 • IBA Center Stepping Up to Supervisor Aug. 5 • IBA Center CBC Session Aug. 10 • IBA Center Aug. 11 • IBA Center Aug. 12 • Indiana Wesleyan University Fort Wayne Annual Convention Aug. 15-17 • French Lick Resort Emerging Leaders Digital Program Aug. 17 • virtual Branch Management Series: Session 3, Growing the Retail Branch Aug. 17 • IBA Center Essentials of Banking Series: Session 2, Business Operations and Management Aug. 18 • IBA Center Compliance for Loan Processors Aug. 19 • IBA Center Leadership Development Program - Session 2 Aug. 24-26 • Abe Martin Lodge • Nashville Commercial Lending School Aug. 23-27 • IBA Center Call Report Preparation Aug. 30-31 • IBA Center Opening New Account Documentation Aug. 31 • Fort Wayne Sept. 1 • IBA Center Bank Security Officer Forum Sept. 2 • IBA Center Senior Retail Banking Forum Sept. 8 • IBA Center BSA Officer Forum Sept. 9 • IBA Center Advanced Agricultural Lenders Conference Sept. 14-15 • DoubleTree by Hilton • Lafayette CBC Lending Compliance School Sept. 14-17 • IBA Center Advanced Credit Analysis School Sept. 16-17 • IBA Center FLD Leadership Conference Sept. 21-22 • The Westin Indianapolis Mortgage Lending School Sept. 21-23 • IBA Center ACH Compliance Sept. 28 • IBA Center Cybersecurity Conference Sept. 29-30 • Renaissance Indianapolis North Hotel • Carmel Universal Banker Certification Oct. 4-5 • IBA Center Senior Lender Forum Oct 6. • Group 1 • IBA Center Oct. 7 • Group 2 • IBA Center Mega Conference Oct. 11-13 • Indiana Convention Center Leadership Development Program - Session 3 Oct. 12-14 • Abe Martin Lodge • Nashville IRA Basics Oct. 19 • IBA Center IRA Advanced Issues Oct. 20 • IBA Center Banking on Women Conference Nov. 3-4 • Sheraton Indianapolis North Hotel NOTE: For the latest information about IBA event dates, locations and format, please visit: indiana.bank/calendar
10 JULY / AUGUST 2021 Emily Brooks Member Engagement Specialist Indiana Bankers Association ebrooks@indiana.bank COVER STORY The IBA Commitment to Community Awards support the Tell the Story pillar of IBA’s strategic plan to showcase bank community service. Two awards are given each year, representing asset sizes under $500 million and $500 million or more. Nominating banks answer questions that align with an evaluation rubric, and all receive recognition through Hoosier Banker and IBA social media. The story of banking is one of helpful outreach and selfless support of the communities that banks serve. Kudos to the 22 banks that submitted nominations for the 2020 IBA C2C Awards. Stay tuned for the announcement of the two winners, which will be named at the IBA Mega Conference in October. Asset size: Under $500 million At Alliance Bank, Francesville, employees are the bank’s outreach – they direct giving and volunteer efforts, identifying the needs in their own communities. As one of the few businesses left in the rural towns it serves, Alliance Bank employees serve as natural community leaders, sitting on volunteer boards and working with economic development organizations. Amidst the pandemic, the bank gave back to essential workers with gift certificates, meals, personal protective equipment supplies and encouraging notes. When businesses reopened, Alliance Bank launched Cash Mobs, which encouraged communities to shop local with incentives. On Giving Tuesday, the bank surprised four local organizations with $20,000 in gifts. Despite donation requests waning, the bank’s giving grew to $74,000 for the year, always striving to give more than it did before. Overall, Alliance Bank endeavors to leave people in better condition than it found them and listen to the community’s needs. Bath State Bank’s mission statement is “building genuine relationships with our community by caring for them like family.” The bank supports the community both financially and through giving of self, despite the latter looking different amid the pandemic. Bath State Bank is committed to being hands-on with its projects rather than just supporting a cause financially. Due to pandemic restrictions, Bath State Bank had to be creative in assisting its communities. The bank delivered meals to a local sheriff’s department, surprised nursing home residents and employees with flowers, C2C Award Nominations Showcasing community service in 2020 Alliance Bank
Hoosier Banker 11 that staff know and care about. The bank’s story is their story, and their successes become the bank’s successes. The bank used a portion of its Paycheck Protection Program revenue to give back to the community in the form of $250 gifts to local nonprofits and individuals, held a socially distant trick-or-treating event at the drive-through of each branch, invested in a program to provide fraud detection and prevention at a local nursing home facility, handed out face masks to the community, and more. The bank also provides support through board representation throughout Greene County – employees sit on boards for chambers, economic development groups and other nonprofit organizations. Each employee is provided two days paid annually to volunteer within the community. One of the core beliefs of First Federal Savings Bank, Huntington, is that quality service for both customers and the community goes beyond the bank’s four walls. Staff members are encouraged to give back to the community outside of work. First Federal staff serve in administrative positions for organizations such as the United Way, LaFontaine Center Retirement Home, Cub Scouts, Knights of Columbus, Rotary Club, Knights Ladies Auxiliary, Junior Achievement, the YMCA and more. Each year, First Federal partners with the United Way of Huntington County. The bank holds a raffle, cupcake sale and silent auction to encourage employees from all six branches to participate and raise funds. Employees can also make individual donations from their paychecks. In 2020, First Federal donated nearly $17,000. First Federal always strives to raise more funds and partner with more organizations than the previous year and looks to improve the quality of life for the community by emphasizing the importance of service within the bank. donated personal protective equipment to an elementary school, and more. Bath State Bank assisted some 175 organizations by donating more than $50,000 during 2020. In addition, the bank’s Random Act of Kindness employee contest resulted in 16 random organizations receiving $100 checks at the holidays. The story of banking at Community First Bank of Indiana, Kokomo, is investing in others to empower them to have a greater impact on the community. Servant leadership and community involvement are two of the bank’s core values. The CFB Cares employee committee plans service events for the entire bank. In 2020, the Community First team remained eager to support its communities, quickly adjusting to ever-changing guidelines to be present and helpful. More than 75 local organizations were supported, $15,000 was donated by employees, and $160,000 was donated by the bank. The bank also facilitated United Way donations, with 67% of employees who live and work in the area giving personally in 2020. Community First Bank of Indiana believes that when the community is empowered with financial support, education and financial literacy, plus direct service, the community is better equipped to be productive and help critical parts of the local economy, which reaps a harvest of positive outcomes for the community. To Farmers and Mechanics Federal Savings Bank, Bloomfield, the story of banking is woven into the framework of the communities in which employees reside. Donations reach the hands of individuals Bath State Bank Community First Bank of Indiana Farmers and Mechanics Federal Savings Bank First Federal Savings Bank
12 JULY / AUGUST 2021 Indiana Trust Wealth Management, Mishawaka, believes in “legacies built on trust,” not only at the corporate level, but also at the community level. In its current strategic plan, Indiana Trust recognizes community relations as one of the three pillars of the company’s success, and is committed to promoting a message of unity and hope for the future. Indiana Trust believes in hands-on service through volunteer projects, such as charitable meals for Ronald McDonald House Charities of Michiana and Riverbend Cancer Services, mentoring students through Junior Achievement, and more. In addition to making donations throughout the year, Indiana Trust also made 2020 year-end financial contributions of $50,000, split between two food banks in northern and east central Indiana. Indiana Trust has created two new senior-level positions that reflect a commitment to community: client & community relations coordinator, and director of nonprofit & foundation engagement. The company also strongly supports and encourages employee involvement with nonprofit and community organizations of their choosing. Mutual Savings Bank, Franklin, has been the cornerstone of its community for over 130 years. It’s of the utmost importance to the bank that its customers know they can rely on them, even when times were at their toughest during the COVID-19 pandemic. The bank gave support to the local community in 2020 through giving donations, participating in local events, processing PPP loans and remaining available to its customers. During the year, several Mutual Savings Bank employees helped repaint the Nineveh Senior Center. Each Christmas, employees donate Home Bank, Martinsville, has a simple vision statement: “Making Lives Better.” The bank provides financial support to local nonprofits through its community gifting program, donating 10% of its net profits to organizations serving the greatest community needs. In 2020, the bank’s gifting program allocated over $350,000 in donations. Since the program’s start in 2012, Home Bank has gifted almost $1.5 million to organizations in Morgan, Johnson and Hendricks counties. Home Bank employees are also generous with their time, committing volunteer hours to over 50 organizations. The bank provides paid time off during the day to volunteer with local organizations such as chapters of Habitat for Humanity and United Way Read Up in the local schools. Funds in Home Bank’s gifting program are directed entirely by a committee of employees representing all departments and markets served by the bank. Those decisions are, by design, made by the bank’s staff, who most closely touch the community. Hoosier Heartland State Bank, Crawfordsville, is committed to giving back 10% of its annual income to the community and volunteering a cumulative 10,000 hours annually. The bank believes that the most important part of being a community bank is putting community first. In 2020, the bank donated $10,000 to the Montgomery County Community Foundation’s COVID-19 Emergency Assistance Fund, along with $5,000 to local food pantries to help families in quarantine. In addition, each year the bank offers outreach to help teach financial literacy to the youth of the community. The bank organizes and sponsors a variety of events, such as packing boxes of food for Kids Against Hunger, shred days, a large food drive for local food pantries, and many more. At the company’s Annual Kickoff Meeting, the bank updates on how much total time and money have been given back to the community. As of last year, the bank has given back more than $1 million to the local community. Home Bank Hoosier Heartland State Bank Indiana Trust Wealth Management Mutual Savings Bank
Hoosier Banker 13 gifts to specific children as part of the Christmas Angels Families in Need. Staff members also volunteer to help at local events such as Strawberries on the Square, Kit It Shoe Drive, events at local schools, and more. Mutual Savings Bank believes that the efforts it makes for the community do not go unnoticed. The bank was able to lend a helping hand to many in need in 2020 as small businesses and individuals took a hit during the pandemic. At Tri-County Bank, Roachdale, community banking is engrained in its values. The bank takes pride in its status as a longstanding community institution in the four small communities it serves. During the COVID-19 pandemic and subsequent lockdown, the local Boys & Girls Club was able to stay open because of the bank’s support. Additionally, in 2020 the bank funded a community playground in New Richmond, supported the Roachdale Library’s reading program for children, sponsored a child attending the Youth Service Bureau school, and helped the local VFW secure a van to transport veterans to medical appointments. Tri-County Bank encourages its staff to be involved in community activities. These include service organizations, local schools, distributing food to the needy, coaching youth sports, and more. The bank doesn’t methodically evaluate its outreach, but considers doing right by its communities a success in itself. Everything that The New Washington State Bank, Charlestown, believes in is focused on the communities it serves. When it comes to community service, the bank values time, resources and experiences equally to monetary donations. Employees participate in Blue Jean Fridays – through which employees give a small donation to wear jeans – to support local nonprofits. The organization supported is chosen by employees. The bank often utilizes its “fun truck” to support local fundraisers and to build relationships in the area. Additionally, in response to the COVID-19 pandemic, the bank was able to donate over 5,000 canned goods to a local nonprofit food program called REACH! The New Washington State Bank encourages community involvement and volunteerism. Bank staff serve on numerous boards and committees throughout southern Indiana. The bank evaluates its outreach program by employee participation, the excitement a program creates with its employees, and the number of people the program touches. Asset size: $500 million and above 1st Source Bank, South Bend, sees community involvement as paramount to its success and to that of the local communities. The bank’s sister organization, 1st Source Foundation, exists to support organizations serving its communities through grants. In 2020, the 1st Source Foundation donated over $1.7 million to organizations across the bank’s footprint. This included directly supporting local frontline workers with donations totaling $320,000 to healthcare networks, gifting a total of $600,000 to local United Way chapters, and a $100,000 matching grant to the Boys & Girls Club of St. Joseph County to help students have a reliable and supportive place to conduct their virtual learning during the pandemic. Staff are encouraged to volunteer and serve their communities, with many serving on boards and committees for local nonprofits. The bank also has an internal portal where staff can find volunteer opportunities and track their community service. In 2020, staff volunteered over 12,000 hours of their time to causes in the communities the bank serves. Giving back is at the core of the values of Centier Bank, Merrillville. Community service is a legacy that it strives to uphold, the bank’s motto being “Heart of the Community.” Centier’s primary goal is to be an engaged and passionate member of the communities that it serves throughout Indiana and create sustainable impact. Centier’s philanthropic division, proudly called “Centier Gives,” helps multiple nonprofits, schools and other organizations in the achievement of their goals and the fulfillment of their missions. The bank has been able to steadily increase impact each year, in part due to annual volunteer fairs at Centier’s corporate headquarters and a brandTri-County Bank The New Washington State Bank 1st Source Bank Centier Bank
14 JULY / AUGUST 2021 ed volunteer portal where associates can find volunteer opportunities and can log volunteer hours. Centier seeks to not only donate funds, but also give staff time and talents to benefit those in need. By providing incentives like paid time off, volunteerism is encouraged. Whether through traditional banking or philanthropy, the bank strives to create holistic impact, making its communities better places to live, work and play. Bank of America, Indianapolis, believes that the true story of banking is to provide communities with the lending, investing and giving they need to remain vibrant and vital. In determining how to achieve the highest impact with its financial investments, the bank works with community leaders and bank employees to develop an understanding of the community’s needs and resources, then uses the information gathered to develop a strategic plan for philanthropic investment. This evolving plan has a particular focus on racial equity and economic mobility. Organizations funded by the bank include Boys & Girls Clubs, Christamore House, Gleaners, 100 Black Men and the Eskenazi Foundation, to which the bank granted $100,000 to help the hospital care for vulnerable populations at the onset of the pandemic. Many Bank of America employees are involved in local nonprofit boards and committees, in addition to volunteering with community organizations during their personal time. First Bank Richmond is committed to being an integral partner to the communities that it serves. The bank has identified four key areas of need that it dedicates unwavering support and commitment to: education, financial literacy, physical and mental health, and the fostering of local not-for-profit organizations and their initiatives. In 2020, First Bank Richmond donated more than $500,000 to local not-for-profit organizations. In addition, more than 60% of staff served on a board or a committee of local not-for-profit organizations. The bank has also implemented an ongoing marketing campaign titled “Doing Great Things Together,” which highlights local not-for-profit organization partners through billboards, print advertising, in-branch signage and a mission video. First Bank Richmond is dedicated to fostering a work environment that encourages employee philanthropy. This culture is cultivated internally through employee participation during operating hours, ongoing training and development, fundraising to support local not-for-profit organizations initiatives, and offering incentives to increase employee participation, collaboration and engagement. First Farmers Bank & Trust Company, Converse, believes that community stability is the central role of its organization. In the dire circumstances of 2020, the bank’s role was to engage the community, assess and prioritize the most critical needs, and be proactive to support those individuals, businesses and organizations that needed assistance. The bank implemented a COVID-19 relief program, Growing Good, to supplement the annual large corporate support programs and local branch appropriation efforts that remained in place. In 2020, the bank doubled its efforts to assure that it fully engaged its communities in providing needed assistance for emergent services and financial support for organizations in financial crisis. Staff engagement is of key importance in all of the bank’s efforts, as the respective branches have significant input and discretionary ability in selecting local support efforts. The overwhelming positive attitude and outstanding participation of bank employees in 2020 allowed the organization to be dynamic in assisting a variety of efforts. First Bank Richmond Bank of America First Farmers Bank & Trust Company
Hoosier Banker 15 The mission of First Savings Bank, Jeffersonville, is to create a higher quality of life for its customers, employees, community and shareholders. Community is more than just the place to live and work – it means neighbors, family and friends, and it means lending a helping hand, not only for the sake of business, but for the sake of humanity. Although volunteerism looked a little different in 2020 due to the pandemic, employees still logged over 3,200 community service hours. The bank financially supported over 300 charity and community organizations across its footprint in 2020, totaling $403,415. In addition, the bank has a charitable foundation with a primary focus on financial literacy, serving organizations such as Junior Achievement Kentuckiana and Leadership Southern Indiana’s NEXGEN program. At First Savings Bank, employee community outreach is ingrained into the company culture. Volunteering on or off the clock is encouraged. Every morning, when employees log in to their computers, the default screen displays a thermometer graphic showing goal progress, creating a team-effort feeling to community service within the bank. First State Bank of Middlebury believes that banking is about more than transactions or money – it’s about the area where you live and the people served by the bank. The bank’s staff are active in different organizations that enhance the quality of life for the individuals in its community. In 2020, the bank held its second B Cause Day. This gave all 120 employees a full day to be exposed to agencies in need and make a difference. Employees chose from a menu of 11 different local nonprofits covering two counties and spent the day with a team of their peers completing needed tasks. The bank is also the only in the area to offer a School Spirit Debit Card program, through which the bank has donated over $210,000 over the last seven years to 13 participating schools. The bank takes pride in building relationships with customers, communities and fellow employees, and is active in different organizations that enhance the quality of life for the individuals in the community. First Savings Bank First State Bank of Middlebury CINNAIRE.COM It takes more than good intentions to transform communities. It takes capital, development capacity and trusted partnerships. In 25 years, we’ve delivered more than $7.3 billion in community impact. Overcoming challenges. Solving problems. Backed by a commitment to creating healthy communities that has never wavered. The Return on Investment: Safe, Affordable Homes. Healthy Communities. Better Lives. INVESTING IN INDIANA COMMUNITIES FOR MORE THAN 25 YEARS. Transforming Communities. Transforming Lives.
16 JULY / AUGUST 2021 To Jackson County Bank, Seymour, being a responsible corporate citizen is at the core of its full-service community banking philosophy. JCB’s core values are Honesty, Encouragement, Accountability, Respect and Teamwork (HEART). Staff at JCB are frequently encouraged to donate their time when possible. In 2020, staff, officers and directors collectively volunteered over 5,000 hours of their time to local nonprofits that match their passions and interests. From the start of the pandemic in early 2020, employees throughout the bank decided to raise money for local organizations in need with a weekly Jeans Day. Over nine months, employees raised $5,000 that was distributed to organizations in need within each of the counties JCB has a presence in. JCB recognizes that the bank can only be healthy if the communities it serves are healthy. That’s why the donated money, volunteered time and shared expertise aren’t just seen as contributions – they’re commitments to make a positive impact in the places staff live, work and play. One of the core values of Horizon Bank, Michigan City, is “Contributing to the Betterment of the Communities We Serve.” This is achieved by providing affordable housing, economic development and community outreach with a significant focus on addressing the needs of underserved communities. Horizon Bank addresses its communities’ needs by volunteering, providing financial education, and awarding charitable grants and minority scholarships, along with offering affordable mortgages and consumer lending products. In 2020, the Horizon Cares program donated over $750,000 in charitable grants to support education, economic development, arts, housing and COVID-19-relief efforts that met the needs of local communities during trying times. The bank measures success through its ability to exemplify the ways in which it gives charitably to local communities. Horizon Bank strives to consistently deliver superior customer service in addition to collaborating with strategic partners to meet the needs of the communities it serves. Horizon Bank Jackson County Bank The 2021 Indiana Bankers Association C2C (Commitment to Community) Awards will showcase exceptional community bank outreach completed in calendar year 2021. Two awards, based on asset size, are to be presented at the 2022 Mega Conference and additionally will be featured in IBA videos. Nominations are due Jan. 31, 2022. For more information, contact Emily Brooks at ebrooks@indiana.bank, 317-333-7167 Click on the C2C logo at left in HB Digital to submit your nomination, or visit indiana.bank/commitment-community-award IBA Commitment to Community Awards
Hoosier Banker 17 employees the ability to choose a cause or organization that is important to them and take action to support it. STAR Bank has a unique partnership with Zionsville Community Schools that has resulted in the opening of an immersive financial learning center in 2020 that helps high school students learn finance and banking concepts to create responsible spending habits. The bank also paid for teachers to access a financial literacy tool to supplement virtual and in-person lessons. Rather than focusing solely on numbers, STAR Bank measures its success through bankers’ community engagement, relying on feedback from residents and businesses. With its partnership with Zionsville Community Schools, the bank analyzes feedback from teachers and data from the financial literacy tool, as well as reviews banking data to track accounts and deposits on record. Thank you to the IBA-member banks that participated in the 2020 C2C Awards program. Nominations will be opening this fall for the 2021 awards, to be presented next year. For more information, visit indiana.bank/commitment-community-award or contact Emily Brooks at ebrooks@indiana.bank, 317-333-7167. HB For over 100 years, Peoples Bank, Munster, has maintained a philosophy of commitment to the customer. This commitment is called “You First Banking,” and it is the bank’s pledge to always put the community’s concerns first. In addition to the bank’s direct support and longtime partnerships, the bank has an employee philanthropic committee, Community First, which meets annually and raises money through employee-generated donations. In 2020, with the bank’s matching of funds, the committee raised a total of $70,284 to support local nonprofits. Additional service projects undertaken by bank staff include volunteering at community events, participating in the annual Volunteer Income Tax Assistance (VITA) program, and presenting free financial literacy and education programs to low-income areas. The bank had to respond and adjust in 2020 so that its communities received assistance when they needed it most. Although more than half of bank staff were working remotely during the pandemic, that did not stop them from contributing to community service efforts. STAR Bank, Fort Wayne, is a family-owned, local bank dedicated to helping Hoosier communities grow. Every full-time STAR employee receives eight hours of volunteer time off on an annual basis. This gives Peoples Bank STAR Bank Barb Cutillo has joined the board of directors of The Farmers Bank, Frankfort. She is a lecturer at Indiana University-Purdue University Indianapolis, managing director of Prasada Consulting LLC and co-founder of Stonegate Mortgage. Cutillo has been active with the Indiana CPA Society, the American Institute of CPAs, Financial Executives Institute, Society for Human Resource Management, Mortgage Bankers Association and Angel Capital Association. Additionally, she is a board member of Boys & Girls Club of Indianapolis, a member of the executive committee of the Dean’s Council for the Kelley School of Business, and in 2013 she was named a Woman of Influence by the Indianapolis Business Journal. Cutillo earned a bachelor’s degree from the University of Kentucky and an MBA from Indiana University. Kyle DeFur has joined the board of directors of The Farmers Bank, Frankfort. He is president of trueU, Indianapolis. DeFur previously served as president of Ascension St. Vincent Indianapolis Hospital and has been a member of American College of Healthcare Executives. He serves on the boards of directors of EDGE Mentoring and Anderson University, has been named to a list of 300 Hospital and Health System Leaders to Know, and was honored as Mentor of the Year at the 2019 Inspire Awards. DeFur earned a bachelor’s degree from Anderson University, as well as an MBA and master’s degree in hospital and health administration from Xavier University. Additionally, he is a graduate of the Ascension Health Formation for Catholic Healthcare Ministry Leadership Program. HB FROM THE BOARD ROOM
18 JULY / AUGUST 2021 ARTICLE SPOTLIGHT Quasquicentennial of the IBA 125 years in the making
Hoosier Banker 19 Laura Wilson Vice President - Communications Indiana Bankers Association lwilson@indiana.bank @laurawilsonindy Next year marks a milestone for the Indiana Bankers Association as it celebrates its 125th anniversary, or quasquicentennial. Founded in 1897, the IBA has maintained continuous service to Indiana banks through good times and bad, withstanding wars, droughts, economic downturns and two pandemics. Throughout each challenge, the industry has emerged stronger and more resilient. As a member-driven organization, it is appropriate for the IBA to recognize not only its own history, but that of each member bank. The history of every member institution is intertwined with the success of the Association, which was formed for the express purpose of serving the Indiana banking community. The IBA will be reaching out shortly to member banks to engage in the year-long celebration. Preparation is underway and is continuing in earnest in order to be ready for the anniversary rollout in January. Following is a summary of what to expect in 2022. First, however, thank you to five banking volunteers who served on the IBA 125 Year Anniversary Task Force. These professionals were instrumental in sharing creative ideas and concepts to help form plans for 2022: Jane Balsmeyer, German American Bank, Jasper Ashley Bice, Alliance Bank, Francesville W. Steven Kidwell, Riddell National Bank, Brazil Susan B. Richwine, First Bank Richmond Carla Smith, Garrett State Bank Celebration Plans for 2022 The IBA 125-year anniversary celebration will be taking place in three primary contexts: • Social media campaign. Starting in January, a series of 125 social media posts will count down to a celebration scheduled at the Annual Convention. Posts will showcase historic photos and tidbits, with a post dedicated to each member bank. A designated hashtag will invite engagement from IBA members while providing continuity. • Annual Convention. The opening chairman’s banquet of the 2022 annual meeting will celebrate the anniversary with a variety of presentations, photo displays and a custom-created video. For those unable to attend, elements of the evening’s celebration and video can be shared via social media and other IBA communications. • Hoosier Banker. The November/December 2022 issue of IBA’s flagship publication will be a keepsake edition dedicated to the 125th anniversary. Special features are to include a timeline and historical data, quotes and commentary from current and past banking leaders, a digital link to the anniversary video, and a living history of IBA-member banks. Logo Update in 2022 Additionally, plans for next year include a refresh of the IBA logo in three phases: 1. An anniversary tagline will be added to the current logo at the start of 2022; 2. An updated logo will debut at the 2022 Mega Conference, retaining the tagline; 3. The tagline will drop off at year-end, launching the new logo going forward. As brief background, the current logo was created in 2007 following the merger of the IBA and the Community Bankers Association of Indiana. Each element of the logo represents features of both organizations blending into a unified entity. Next year’s logo refresh will signify IBA’s readiness to lead into the future. What to Expect Next In coming months, please be on the lookout for various communications from the IBA, as we seek information and photos that tell your bank’s unique story in the history of the industry. Our goal is to honor the institutions we serve as we celebrate IBA’s history. There will be announcements in IBA E-News and social media about the celebration, as well as emails, letters and phone calls to bank leaders. A newly created webpage at indiana.bank/history provides a webform for member banks to upload materials. As we approach the year 2022 and this landmark anniversary, please let me know how I can be of service in helping to connect your bank with the celebration. I can be reached at lwilson@indiana. bank, 317-333-7146, and I look forward to working with you. HB Past editions of Hoosier Banker summarized milestone years of service of the Indiana Bankers Association.
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