Hoosier Banker 21 in a long-awaited process that will allow vehicle transactions to occur in a more efficient manner using new technology. On a broader COVID-19 relief front, the General Assembly enacted a $60 million Small Business Restart Grant Program for eligible small businesses with a demonstrated loss of more than 30% in revenue in 2020 compared to 2019 and fewer than 100 employees, among other criteria. Businesses are eligible to receive up to $50,000 in support. In terms of economic development, the state created a new economic development fund in the state budget, modeled after the Regional Cities Initiative. The fund, titled Regional Economic Acceleration and Development Initiative (READI), is designed to funnel capital ($500 million appropriation) to communities in a similar manner to the Regional Cities program. Finally, each session comes with challenges in the form of bills or legislative ideas that would create significant disruptions to the banking industry, and this year was no Why should your payment solutions be any different? bankersbank.com Customers expect their community banks to be as fast as the industry leaders. Let your back end fly with Faster Payment Settlement Solutions from Bankers’ Bank. – Seamless delivery of bank funds to and from RTP network joint account – Reconcilement reporting and advices to ease daily balancing – Fund-level monitoring and recommendations different. The IBA was successful in advocating to prevent several troubling bills from passing. HB 1493 would have prevented interchange fees from being applied to the sales tax portion of a retail transaction. SB 49 would have created significant liability, both legally and financially, for a lender that chooses not to do business with a gun dealer or manufacturer. These issues are expected to re-emerge in coming years, and the IBA will remain involved in the ongoing debate. While much has changed as a result of the pandemic, the positive impact the Indiana General Assembly has had on the Indiana banking industry has remained strong. The IBA extends special thanks to the many legislators and bankers who worked toward satisfactory outcomes on issues of concern to the banking industry. The effort and engagement put forward by so many ensures Indiana continues to be a state in which financial institutions can serve their customers well and positively impact Indiana communities and the broader economy. HB Vicki Mattox, chief operating officer of Greenfield Banking Company, has retired after 37 years of service. She joined the bank in 1984 as a teller in the Fortville office and was named head teller two years later. In 1988 Mattox transferred to the main office in bookkeeping. She continued through a variety of positions, including customer service representative, assistant branch manager, cashier, Reg P officer, Bank Secrecy Act officer and vice president. In 2004 Mattox was elected secretary to the boards of the bank and Greenfield Bancshares Inc. and later progressed through other roles including branch administrator, senior vice president and holding company treasurer. She was promoted to her most recent title of COO in 2018. HB TAKING IT EASY
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