HB HOOSIER BANKER MAGAZINE indiana.bank PLUS! 2021 Banking on Women Conference JANUARY / FEBRUARY 2022 Garry Kleer Leading two historic organizations
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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. 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. This prestigious distinction, IBA’s highest honor, celebrates exceptional bankers throughout Indiana’s history who have left their mark in BankingCommunity Service Civic Involvement 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, 2022, the Indiana Bankers Association is accepting nominations for the 2022 CLASS of the IBA Leaders in Banking Excellence.
DIRECTORS & STAFF HOOSIER BANKER MAGAZINE indiana.bank Celebrating 125 Years Publisher: Amber R. Van Til Editor: Laura Wilson Advertising: Rod Lasley Design: 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 reservations are due the 20th of the month, two months before publication. Subscriptions: Subscriptions are provided free of charge to members and associate members of the Indiana Bankers Association. About: 8LI ƥEKWLMT TYFPMGEXMSR SJ XLI -RHMERE &EROIVW Association, Hoosier Banker is distributed to all banks and thrifts headquartered in Indiana, IBAmember 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., which is a wholly owned subsidiary of the Indiana Bankers Association. Material published inHoosier Banker and on the IBA website is the property of the IBA. All rights reserved. Contact IBA )QEMP -&% WXEJJ YWMRK ƤVWX REQI MRMXMEP ERH PEWX REQI TPYW “@indiana.bank” – example: jdoe@indiana.bank Indiana Bankers Association ;SSHƤIPH 'VSWWMRK &PZH 7YMXI ) Indianapolis IN 46240-7321 317-387-9380 Vol. 106 No. 1 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: -R JYPƤPPMRK SYV QMWWMSR [I [MPP Maintain the highest ethics, integrity and respect for others; Serve with professionalism, innovation and resourcefulness; Instill passion, positive attitude and enthusiasm; Remain mindful that the success of the IBA is judged by the success of its members. IBA BOARD OF DIRECTORS 3JƤGIVW Garry D. Kleer, Chairman..............................................................................First Bank Richmond Jamie R. Shinabarger, First Vice Chairman..............Springs Valley Bank & Trust Company, Jasper Benjamin J. Bochnowski, Second Vice Chairman ..................................... Peoples Bank, Munster Michael S. Zahn, Immediate Past Chairman.......................First Federal Savings Bank, Huntington 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 Jon-Myckle D. Price, FLD President ............................Security Federal Savings Bank, Logansport Regional and At-Large Directors David M. Findlay, At-Large......................................................................Lake City Bank, Warsaw Kent A. Liechty, At-Large...............................................................................First Bank of Berne Jeffrey W. Gump, North Region............................................Farmers and Merchants Bank, Laotto Daniel Maddox, North Region......................................................Citizens State Bank, New Castle Jacqueline M. Ruge-Perkins, North Region...........................................First State Bank of Porter Lisa Arnold, South Region......................................................................Home Bank, Martinsville Gregory Inman, South Region.......................................Scottsburg Building and Loan Association John M. Kennedy, South Region.......................................................+VIIRƤIPH &EROMRK 'SQTER] IBA FUTURE LEADERSHIP DIVISION ADVISORY BOARD Jon-Myckle D. Price, President...................................Security Federal Savings Bank, Logansport Brock C. Goggins, Vice President.................................................German American Bank, Jasper Greg Barnes Jr. .......................................................................................STAR Bank, Fort Wayne Emily Boardman..................................................................................Crossroads Bank, Wabash Jenilee Bransteter.........................................................................................First Bank of Berne Joshua Burrows....................................................................................Home Bank, Martinsville Michael J. Clampitt................................................................................North Salem State Bank Ryan Cook ....................................................................................Mutual Savings Bank, Franklin Gavin Fisher................................................................Community First Bank of Indiana, Kokomo Kyle Goodwin...............................................................................................DeMotte State Bank 'LVMWXSTLIV +VMJƤXL.........................................................................First Harrison Bank, Corydon Ryan Hart...............................................................................................Lake City Bank, Warsaw Zach Hockersmith..................................................Hoosier Heartland State Bank, Crawfordsville Andrea McGordon.......................................................................... Old National Bank, Evansville Amanda Morris-Feldman................................................... First Federal Savings Bank, Rochester IBA STAFF Amber R. Van Til ........................................................................................... President and CEO Rod Lasley.............................................................................................. 'LMIJ 3TIVEXMRK 3JƤGIV Dax Denton.................................................................................................. 'LMIJ 4SPMG] 3JƤGIV Christina M. Bennett, CMP....................................................Vice President - Meetings & Events Josh Myers.......................................................................Vice President - Member Engagement Laurie A. Rees ...................................................................Vice President - Education & Training Ross Teare.......................................................................Vice President - Government Relations Laura Wilson........................................................................... Vice President - Communications Emily Brooks..............................................................................Member Engagement Specialist Maria L. Dowers.................................................Executive & Government Relations Cooordinator Susan Clark......................................................................Events & Products/Services Assistant Elizabeth DeHaven.......................................................................................Education Manager Beth Abney.................................................................................Education Meeting Coordinator Timothy Fry .....................................................................................................Staff Accountant Tracy Kubly................................................................................................Technology Manager
Hoosier Banker 5 CONTENTS 10 COVER STORY Garry Kleer: Leading Two Historic Organizations Emily Brooks, IBA 14 ARTICLE SPOTLIGHT 2021 Banking on Women Conference Laurie A. Rees, IBA FEATURES 6 Vantage Viewpoint Amber R. Van Til, IBA 7 Chairman’s Report Garry D. Kleer, First Bank Richmond 9 IBA Calendar of Events 20 2022 IBA Board of Directors 38 To Pay or Not to Pay Robert S. Nichols, ABA 40 Dream Big in 2022 Rebeca Romero Rainey, ICBA 48 Builders of Banking 50 Leadership in Times of Change Steve Jones, Anthony Cole Training Group LLC GR SUMMIT 18 2022 Session Overview Dax Denton and Ross Teare, IBA FLD FOCUS 24 FLD Advisory Board Josh Myers, IBA DIRECTORS / SENIOR MANAGEMENT 26 Communities in Need Scott E. Fletcher, The Baker Group IBA INSURANCE SOLUTIONS 29 Wire Fraud Chuck Maggard, IBA Insurance Solutions COMPLIANCE CONNECTION 31 Indirect Auto Finance Programs Brett J. Ashton, Krieg DeVault LLP PSP SHOWCASE 32 The Four Cs of Branch Design Jeff Klump, K4 Architecture + Design PRODUCT & SERVICES PROFILE 35 Interest Rate Risk in Uncertain Markets Rod Lasley, IBA OPERATIONS & TECHNOLOGY 37 Advanced Data Analytics Katie Horvath, Aunalytics HUMAN RESOURCES 42 Employee Protests Over Vaccine Mandates Debra A. Mastrian, SmithAmundsen LLC INDIANA BANK & THRIFT STOCK UPDATE 45 Stock Analysis Michael A. Renninger, Renninger & Associates LLC CLOSING NOTE 58 IBA Board Review Jon-Myckle D. Price, Security Federal Savings Bank DEPARTMENTS 19 Anniversary Milestones 23 Banking Center News 47 Honorable Mentions 49 Banking on Community 52 Associate Members Corner 54 Bankers on the Move 57 From the Board Room 57 Advertisers Index 14 58 In This Issue “I believe that with a positive outlook, good people and hard work, nearly anything is possible.” 2021 Banking on Women Conference 10 Gary Kleer, First Bank Richmond
6 JANUARY / FEBRUARY 2022 Greetings, and welcome to 2022, the 125th anniversary year of the Indiana Bankers Association. I hope that your holidays were joyful and you are now relaxed and ready to travel through a new year. As a road map for this year and beyond, the IBA will soon be unveiling a new strategic plan. Chairman Kleer addresses the strategic planning process in his column on the facing page. I’d like to add that our most recent strategic plan, 2018-2020, was highly ambitious, consisting of five pillars: tell the story, fiscal strength, education, government relations and next-gen bankers. We tackled each goal within the pillars through measurable, accountable action steps, lifting the IBA to new levels. Now it’s time again to prepare for the future with a strategic plan to advance to even higher levels. Last fall, the IBA management team had the opportunity to work alongside our Board of Directors at a retreat to start the brainstorming process. Also last fall, the IBA closed out the year by resuming our popular Indiana Economic Outlook Luncheon. The event, held on Dec. 3, drew an audience of 200 attendees, including some Indiana legislators. Thank you to all who participated. On the evening before the luncheon, IBA staff attended an awards gala hosted by the Indiana Society of Association Executives, which annually recognizes trade associations throughout the state for their achievements. The IBA won two awards. VANTAGE VIEWPOINT Don’t Miss Out! The first was the Innovative Marketing Campaign award for our IMPACT Players Program (Industry Makers Pledging Assistance, Cooperation & Togetherness), which helped IBA throughout the pandemic closure while also helping associate members remain connected with bankers. Kudos to IBA’s Rod Lasley and Susan Clark for their success with this program. Also, congratulations to Rod for being named recipient of the prestigious ISAE Association Professional of the Year award. Rod is well deserving of this honor in recognition of his talent, work ethic and dedication to members. Now as we begin this new year, we are eager to host our Legislative Briefing and Reception, scheduled for Jan. 26. This annual event begins with a briefing covering industry-related legislative issues, followed by a reception with elected officials. We hope you will attend. Additionally, coming up shortly are opportunities for emerging bank leaders. First, the Future Leadership Division Day at the Statehouse in February will give up-and-coming leaders the chance to learn about and actively engage in advocacy. Second, the acclaimed IBA Leadership Development Program begins its intensive, eight-month training in March. Space is limited, so be sure to act quickly to identify your best and brightest for this program. The skills developed and lessons learned can help your emerging leaders contribute to your bank’s future. We look forward to working with you throughout 2022. HB Amber R. Van Til President and CEO Indiana Bankers Association avantil@indiana.bank @grbanker 0IKMWPEXMZI &VMIƤRK ERH 6IGITXMSR Jan. 26 Meet face-to-face with Indiana lawmakers to discuss issues of the day. FLD Day at the Statehouse Feb. 15 Future Leadership Division participants learn about and engage in grassroots advocacy. Leadership Development Program March 8-10, May 3-5, Aug. 23-25, Oct. 18-20 This intensive program helps the next generation of bank leaders reach full potential. For event updates, visit: indiana.bank/calendar 6SH 0EWPI] PIJX GLMIJ STIVEXMRK SJƤGIV SJ XLI -RHMERE &EROIVW %WWSGMEXMSR MW presented with the Indiana Society of Association Executives 2021 Association Professional of the Year award by Mark McSweeney, ISAE executive director.
Hoosier Banker 7 IBA Quasquicentennial Celebrating 125 Years Learn more at ndiana.bank/history #IBA125Years Thank you for the honor of chairing the Indiana Bankers Association. This year is significant for the IBA, as well as for the bank that I serve, because it marks the 125th anniversary of the IBA and the 135th anniversary of First Bank Richmond. It is no accident when an organization thrives for well over a century. This longevity is the result of careful planning, prudent practices and stellar service. First Bank Richmond aims high on all those fronts, and so does the IBA. To help ensure IBA succeeds well into the future, last November current and incoming board members met with the IBA management team for a two-day strategic planning retreat. Our time together was fruitful, closing out with an array of concepts to be shaped into an upcoming strategic plan. One theme that came up repeatedly during planning was that of member engagement. As a member-driven organization, the more the IBA can engage members, the more valuable the Association becomes to its membership in all of its sectors. In the area of advocacy, member engagement is essential. We are fortunate to have a powerhouse Government Relations Team at the IBA, and messaging is even more impactful when combined with robust grassroots outreach. Legislators respect the information they receive from IBA staff on industry issues, and they especially appreciate hearing directly from constituents. In the educational arena, member engagement likewise is crucial. When we attend conferences, seminars, classroom opportunities and other learning events, we gain more than the knowledge shared by speakers, teachers and presenters. Additionally, we learn from each other, and in the process build our network of banking peers. For IBA communications, engagement from members makes communications a two-way street. Hoosier Banker benefits from the news releases that member banks send in about promotions, new hires, etc. Your input also helps tell the story about banking, for example by nominating your community service for an IBA Commitment to Community (C2C) award, or by submitting bank histories to help celebrate the Association’s 125th anniversary. Regarding products and services, banker engagement with IBA’s Preferred Service Providers and other associate members solidifies relationships with these companies that can help us better serve our customers and communities. Associate members also provide immense support to the IBA through sponsorships, advertising and trade show exhibits. Finally, the IBA has a strong “next-gen bankers” focus to help attract and retain top talent. Engaging with the Future Leadership Division, Leadership Development Program, BankLEAD Internship Program and other next-gen opportunities can help grow your bank’s future. In this anniversary year, please consider how you and your organization can increase engagement with the IBA’s many offerings. HB CHAIRMAN’S REPORT First Harrison Bank • @FirstHarrison • Nov. 29 Our donation drive for Toys for Tots ends this Friday! Bring any new, unwrapped toys to one of our locations and place them in our donation box inside our lobbies during regular hours. More info: bit.ly/3BAA43Z *MVWX 7EZMRKW &EROɄŵɄ$JWFMRHMERE ŵ 2SZ First Savings Bank is a proud supporter of the Salvation Army Angel Tree program. Stop by any southern Indiana branch to drop off Angel Tree gifts or pick up a list to shop for a special child this holiday season. #angeltree #giveback #whereyoureEP[E]WƤVWX %PPMERGI &EROɄŵɄ$%PPMERGI&EROC-2 ŵ 2SZ Our Swipe for Storytime promotion was a huge success! Thanks to our #Visa Debit Card clients, we’re giving back a total of $1,500 to our local libraries! Julie Evers presented a check to the Jasper Co. Public Library today! #banklocally #communitybank #Rensselaer ,SQI &EROɄŵɄ$,SQI&EROC ŵ 2SZ Recently a bunch of us participated in Relay for Life and raised XS ƤKLX GERGIV 8LEROW /VMW +MPP JSV SVKERM^MRK EPP XLMW and #MakingLivesBetter! 8LI *EVQIVW &EROɄŵɄ$1]FEROJSVPMJI ŵ 2SZ Through the month of October, The Farmers Bank employees held t-shirt sales & donated Friday Jeans Day $ to Breast Cancer Awareness raising a total of $1,022 for Susan G Komen of Central Indiana! Thank you to Brandi Dunn for coordinating this special project for TFB! Follow IBA Twitter @indianabankers NOTABLE QUOTES Bank Community Service on Twitter Garry D. Kleer Chairman Indiana Bankers Association Chairman, President and CEO First Bank Richmond Le in #
8 JANUARY / FEBRUARY 2022 Hoosier Banker 29
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. Celebrating 125 Years Calendar of Events CALENDAR UPDATE Branch Management Series: Session I - New Year, New Start: Key Components for a Successful Year Jan. 11 • IBA Center 7IRMSV 6IXEMP &EROMRK 3JƤGIV *SVYQ Jan. 12 • IBA Center Financial Analysis and Cash Flow Bootcamp Jan. 12-14 • IBA Center &7% 3JƤGIV *SVYQ Jan. 13 • IBA Center Outside Calling School Jan. 19 • IBA Center 0IKMWPEXMZI &VMIƤRK ERH 6IGITXMSR Jan. 26 • Hyatt Regency Indianapolis &ERO 7IGYVMX] 3JƤGIV *SVYQ Jan. 27 • IBA Center 'SQTPMERGI 3JƤGIV *SVYQ New Program Feb. 1 • IBA Center Senior Lender Forum Feb. 2 • Group 1 • IBA Center Feb. 3 • Group 2 • IBA Center BSA Graduate School Feb. 8-9 • IBA Center CFO Forum Feb. 10 • Group 1 • IBA Center Feb. 11 • Group 2 • IBA Center FLD Day at the Statehouse Feb. 15 • Hilton Indianapolis Hotel and Suites Community Bankers for Compliance Program - Session 1 Feb. 15 • IBA Center Feb. 16 • Indiana Wesleyan University Marketing Director Forum Feb. 16 • IBA Center Advanced Credit Analyst School Feb. 17-18 • IBA Center LDP Alumni Advanced Leadership Program Feb. 23-24 • IBA Center -8 3TIVEXMSRW 3JƤGIV *SVYQ Feb. 23 • Group 1 • IBA Center Feb. 24 • Group 2 • IBA Center IRA Basics March 1 • IBA Center IRA Intermediate March 2 • IBA Center Risk Management Forum March 3 • IBA Center ACH Processing and Compliance March 3 • IBA Center Call Report Update March 8 • IBA Center Training Director Forum March 8 • IBA Center Leadership Development Program - Session 1 March 8-10 • Abe Martin Lodge • Nashville Essentials of Banking: Session 1 - Banking 101 March 9 • IBA Center Branch Manager Forum March 10 • IBA Center Commercial Lending School March 14-18 • IBA Center New Account Documentation and Compliance March 15 • Indiana Wesleyan University March 16 • IBA Center Human Resource Directors Forum March 22 • IBA Center Branch Management Series: Session 2 - Leading, Developing and Engaging the Team April 12 • IBA Center 9RMZIVWEP &EROIV 'IVXMƤGEXMSR 4VSKVEQ April 13-14 • IBA Center Banking Sales Leader School April 19-21 • IBA Center Leadership Development Program - Session 2 May 3-5 • Abe Martin Lodge • Nashville Retail Banking Forum May 4 • IBA Center &7% 3JƤGIV *SVYQ May 5 • IBA Center Mega Conference May 9-11 • Indiana Convention Center Indianapolis Community Bankers for Compliance Program - Session 2 May 17 • IBA Center May 18 • Indiana Wesleyan University &ERO 7IGYVMX] 3JƤGIV *SVYQ May 19 • IBA Center4 'LMIJ *MRERGMEP 3JƤGIV *SVYQ June 9 • Group 1 • IBA Center June 10 • Group 2 • IBA Center 'SQTPMERGI 3JƤGIV *SVYQ June 14 • IBA Center NOTE: For the latest information about IBA event dates, locations and format, please visit: indiana.bank/calendar
10 JANUARY / FEBRUARY 2022 Emily Brooks Member Engagement Specialist Indiana Bankers Association ebrooks@indiana.bank COVER STORY Garry Kleer Leading two historic organizations Garry D. Kleer was officially elected 2022 chairman of the Indiana Bankers Association Board of Directors at the Annual Convention in French Lick on Aug. 16, succeeding Michael S. Zahn. He assumed duties as chairman on Jan. 1 of this year. Kleer is chairman, president and CEO of First Bank Richmond. He also is chairman, president and CEO of Richmond Mutual Bancorporation. He joined the bank in 1994 as vice president of commercial lending and was promoted in 2001 to president and CEO. Before joining First Bank Richmond, Kleer worked for Bank One, NA, in Richmond, Indiana. Active in the community, Kleer’s involvement includes service on the boards of the Boys & Girls Clubs of Wayne County, Reid Health Foundation, Richmond Symphony Orchestra and Wayne County Foundation. He has been recognized with the Indiana University East Chancellor’s Medallion, Junior Achievement Business Hall of Fame, Richmond/Wayne County Distinguished Community Leader, and Boys & Girls Clubs Man and Youth Award. In 2020, Kleer was awarded the Indiana University Bicentennial Medal for distinguished service. Previously, Kleer served the IBA as first vice chairman, second vice chairman and northeast region director. He has also served as an IBA committee member and as a legislative contact. He is currently a member of the Large Community Bank Council of the Independent Community Bankers of America. Kleer is a graduate of Indiana University, the Graduate School of Commercial Lending and the Stonier Graduate School of Banking. Hoosier Banker interviewed Kleer in the fall about his upcoming term as chairman. What are your goals as IBA chairman in 2022, especially as we’re emerging from a pandemic? “My primary goal is to make sure that our member banks and associate members know how important they are to our Association. They are why we exist. “I want them to be assured that the IBA is addressing the important legislative issues and meeting their educational needs to give them value. The IBA has done an excellent job of that in the past, and I want to reinforce that during my bank visits.” The IBA is celebrating its 125-year anniversary in 2022, and First Bank Richmond has been in operation for 135 years. What does it mean to you to lead these two longstanding institutions? “First Bank is celebrating its 135th anniversary in 2022. We have a rich history in Wayne County and have carried on that history as we have expanded to Shelby County in Indiana; to Shelby and Miami counties in Ohio; and to Columbus, Ohio. As the markets have
Hoosier Banker 11 PHOTO CAPTION: Garry Kleer presides over a board meeting of First Bank Richmond. changed, we have evolved to offer products and services that our customers need and have stepped up in new ways to support the not-for-profit organizations in all our communities. “The IBA is celebrating its 125th anniversary in 2022. Our history is rich in tradition and leadership. The past chairs have been some of the most influential leaders in Indiana banking – that doesn’t happen by accident. Bankers in Indiana recognize the value of IBA membership. “Certainly, the pandemic of 2020 and 2021 has shown the value of our Association. It is an honor to lead both organizations during their anniversary years.” What was a pivotal moment in your career? “I came to First Bank in 1994 because I saw an opportunity to make a difference, an opportunity to service customers at a higher level and an opportunity to support community organizations more fully. I have been able to accomplish all of these goals.” What do you most enjoy about banking? “I enjoy helping customers achieve their goals. When a customer comes into the bank, they are looking to accomplish something. My goal is to help them find the best way to do that. “It has been a rewarding career. As community bankers can attest, it is not an 8-to-5 job. You talk with customers after hours, close loans and open accounts at their convenience, which doesn’t always fall during normal working hours. “I have never felt like I was being interrupted by taking care of someone outside normal working hours. I enjoy providing value to relationships.”
12 JANUARY / FEBRUARY 2022 Reflecting on your career, what accomplishments are you most proud of? “When I look at the employees of First Bank that I have the privilege to lead and see how they have grown in their jobs and have taken First Bank to another level, I take pride in knowing that I have had a part in creating a workplace that encourages the employees to volunteer in the community and gives them the time to do that. “Our employees have embraced our tagline ‘doing great things together,’ both for customers and not-for-profit partners. It is a fun and satisfying place to work.” Please share a bit about your family/home life. “My wife Cheryl is a retired registered nurse. She has worked in several different specialties over her career. Our daughter Beth, son-in-law and two grandsons live in South Bend. Our son David, daughter-in-law and one-year-old granddaughter live in Jupiter, Florida. I could not have been successful in my career without the support of Cheryl and my family. “While we weren’t born in Richmond, we have lived here for 33 years and we consider it home.” Wall hangings show images from the “I Love my Bank” and “Doing Great Things Together” marketing campaigns of First Bank Richmond. A handcrafted clock originally placed in the First Bank Richmond headquarters when built in 1960 is now JIEXYVIH MR E WO]FVMHKI GSRRIGXMRK HS[RXS[R SJƤGIW 7LS[R SR XLI GPSGOJEGI MW XLI FEROŭW JSYRHMRK HEXI SJ 1887.
Hoosier Banker 13 What do you do for fun when not working? “We have a house in Florida that we go to when we have a chance. I enjoy playing golf, and our house is on a golf course, so you can walk out our back door and play. Our grandkids are involved in sports, band and scouting, so I enjoy going to their events. “We have Butler season basketball tickets Garry and Cheryl have two children and three grandchildren. Shown in a family portrait are (from left): Sarah, Palmer and David Kleer; Cheryl and Garry; and Beth, James, Zach and Ben Doster. :EVMSYW E[EVHW ERH QIQSVEFMPME EVI SR HMWTPE] MR +EVV] /PIIVŭW SJƤGI Chairman Video Garry D. Kleer, chairman, president and CEO of First Bank Richmond, is 2022 chairman of the Indiana Bankers Association. To view a video about Kleer, shown at the IBA Annual Convention last August, click on the video icon in HB Digital. and go to games when we can. I always cheer for the Dawgs, unless they are playing the Hoosiers.” HB
BANKING ON WOMEN CONFERENCE 2021 Banking on Women Conference ARTICLE SPOTLIGHT
Hoosier Banker 15 Laurie A. Rees Vice President - Education & Training Indiana Bankers Association lrees@indiana.bank @Laurie1107 The Indiana Bankers Association continued with its successful hosting of the 2021 Banking on Women Conference. The event, held Nov. 3-4 at the Sheraton Indianapolis Hotel at Keystone Crossing, surpassed prior-year attendance, with 338 women coming together for professional development, networking and inspiration. Attendees gathered mid-day on Tuesday, Nov. 3, for registration, then delved into an afternoon packed with powerhouse presentations. Michael Zahn, 2021 IBA chairman, and president and CEO of First Federal Savings Bank, Huntington, welcomed guests and offered opening remarks. Kristin Pruitt, chair of the conference planning committee and executive vice president and chief administrative officer at Lake City Bank, Warsaw, also welcomed guests and offered remarks on the uplifting spirit of the Banking on Women Conference. Afternoon sessions began with a presentation by the conference emcee Patty Hendrickson. In her presentation, “Getting Beyond Busy – Engaging Your Phenomenal Self and Those You Impact,” she interacted with the audience to showcase for attendees their phenomenal selves and their phenomenal impact on others. Ensuing presentations were “Diversity, Inclusion, and Hidden Bias,” presented by JoDee Curtis, Purple Ink LLC, and “Rock Your Life,” presented by Melanie Spring, Melanie Spring Productions. Tuesday rounded out with a lively reception featuring interactive food and beverage stations. Throughout the reception, attendees visited with service providers in the IBA exhibit area. New this year to the exhibit area was the IBA Future Leadership Division wine pull benefiting the IBA BANKPAC. Back by popular demand was the availability of a professional photographer, sponsored by K4 Architecture + Design. Stephanie Nicole Photography provided stunning headshots for attendees to update their social media brand and workplace websites. Another addition to the exhibit area was a fun photo booth sponsored by IT Resource Inc. Filled with silly hats, feather boas and humorous catch phrases, the booth provided a lighthearted means to bond with fellow bankers. The reception also gave guests an opportunity to bid on a treasure trove of items at a silent auction benefiting Ascent 121, a faith-based agency that provides longterm trauma recovery services for teen survivors of sex trafficking, along with an entire continuum of care. Named after Psalm 121, Ascent 121 has served over 200 survivors in Indiana since its establishment in 2013. After the reception, fellowship extended into the evening, as attendees sampled a variety of dine-arounds at local restaurants, where each attendee enjoyed a fine meal and the good company of other attendees from the conference. Wednesday, Nov. 4, began bright and early with a continental breakfast in the exhibit area, after which commenced a full day of learning, networking, engaging, connecting and empowering. Presentations included “Your Time to Rise: Leadership in the Unknown,” presented by Lindsay Boccardo, Lindsay Boccardo Training & Coaching; “The Silent Language of Leaders – The Power of Non-Verbal Communication,” by Linda Clemons, Sisterpreneur Inc.; and “Storytelling: The New Workplace Competency,” by JoDee Curtis, Purple Ink LLC. Wednesday’s luncheon also provided a new element to the conference – a panel discussion moderated by Amber Van Til, IBA president and CEO. The panel of female leaders, from varying communities and bank sizes, shared their stories of leadership from a woman’s perspective. The phenomenal panelists included: Lisa Arnold, president and CEO of Home Bank, Martinsville; Karen Gregerson, president and CEO of The Farmers Bank, Frankfort, and IBA’s 2020 Woman of the Year; Cindy L. Konich, president and CEO of the Federal Home Loan Bank of Indianapolis; and Connie Bond Stuart, regional president for central and southern Indiana for PNC Bank, NA Wilmington, DE. The prestigious IBA Women of the Year Award, in its fifth year, saw an increase in women nominated by their peers. This award 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 2021 Woman of the Year Award is Jadira Hoptry of First Merchants Bank, Muncie. Congratulations to Jadira and to all of the outstanding nominees who represent the finest in the Indiana banking community. Additionally, for the IBA Woman on the Rise Award, 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 2021 IBA Woman on the Rise Award is Nicole M. Vogt of KeyBank, NA. Congratulations to Nicole, and to all the outstanding nominees who are rising stars in the Indiana banking community. Ensuing presentations Wednesday afternoon were “#IAMREMARKABLE,” presented by Sherry Gick, Five Star Technology Solutions, and “Success Strategies for Women” by Sarah Bacehowski, Mills Marketing. Thank you to the planners, attendees, Jadira Hoptry, director of community lending and development of First Merchants Bank, Muncie, was named 2021 IBA Woman of the Year. The award, sponsored by Krieg DeVault LLP, recognizes a woman in the Indiana banking community who excels at her profession, is active in the community and who supports other women to reach their potential. Hoptry joined First Merchants Bank in 2020 after prior service since 1998 with Fifth Third Bank in Florida and Indiana. She serves in leadership positions with Prosperity Indiana, the Indiana Latino Institute, Bankable Powered by the Flagship Enterprise Center, and the Local Initiatives Support Corporation. She also has served with Coburn Place Safe Haven, Dress for Success, Pace Center for Girls and The Women’s Fund of Southwest Florida. A graduate of the University of Florida, Hoptry has earned certification as an economic development finance professional. HB Nicole M. Vogt, senior business banking relationship manager in Indianapolis for KeyBank, NA, Cleveland, has been named 2021 IBA Woman on the Rise. The award, sponsored by SmithAmundsen LLC, recognizes a woman age 40 or younger who makes a positive impact in banking and her community through engagement, drive and teamwork. Vogt joined KeyBank in 2016 after prior service with First Merchants Corporation and Old National Bank. Additionally, she served for four years in the U.S. Army National Guard, attaining the rank of sergeant. Vogt is a founding member of Executive Women in Finance, and she has launched an initiative to help veteran business owners through leadership development and education. She also cochairs Key4Women in central Indiana, a KeyBank program providing empowerment opportunities to businesswomen. Vogt is a graduate of Indiana University. HB IBA Woman of the Year 2021 IBA Woman on the Rise 2021 Aunalytics 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 IT Resource Inc. Thank You, Sponsors 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. A total of $7,181 was raised for this worthy cause. With your help, we are proud to be able to support our community. The IBA looks forward to presenting its sixth annual Banking on Women later this year. Please be on the lookout for details about the 2022 conference, scheduled to take place in early November. HB K4 Architecture + Design The KeyState Companies Krieg DeVault LLP Lake City Bank, Warsaw Paladin FS Performance Trust Capital Partners 4VSƤX 6IWSYVGIW -RG SmithAmundsen LLC United Bankers’ Bank Wilmington Trust SP Services Inc. I'm a woman Phenomenally. Phenomenal woman, That's me. – Maya Angelou 16 JANUARY / FEBRUARY 2022
BANKING ON WOMEN GALLERY Hoosier Banker 17
18 JANUARY / FEBRUARY 2022 GR SUMMIT Indiana’s 2022 General Assembly legislative session is underway. After almost two years of adjustments to the legislative process to mitigate the risk of COVID-19, this year’s session is expected to be back to business as usual. The pandemic will still have a broad impact on policy as bills are expected on a variety of issues related to the pandemic. The process, however, should appear normal to those who were present for legislative sessions pre-pandemic. As it is every other year, this year’s session is considered a “short session” due to the length of time scheduled for lawmakers to meet. The 2022 session started Jan. 4 and is currently scheduled to end on March 14. The short time period leaves both chambers with just under a month to hold initial committee hearings and, during the second month of session, to pass legislative priorities for further consideration. While a month may seem like plenty of time in many circumstances, it can be lightning quick when working out wrinkles related to policy. As is the case for every short session, committees must prioritize legislative initiatives based on the compressed calendar and manage the limited time effectively. This can be an impediment to those seeking passage of legislation, and a benefit to those fighting against complex or controversial bills. The legislative agenda for the Indiana Bankers Association includes several items of importance, taking into account the short session timeframe. First, we will be advocating for legislation that assists banks with the transition from LIBOR (London Interbank Offered Rate) to SOFR (Secured Overnight Funding Rate). New York was the first state to enact language that applied SOFR as a default rate to existing financial instruments that used LIBOR. With the use of LIBOR ending in 2023, it is imperative that that an alternative rate be referenced for existing contracts that relied on LIBOR. The legislation the IBA is advocating for would do so and also replace LIBOR with SOFR. In addition to the LIBOR transition fix, the IBA is advocating for several changes to Indiana statute to allow for recent Office of the Comptroller of the Currency rules to apply to state-chartered institutions, without having to seek the parity approval of the Indiana Department of Financial Institutions on a caseby-case basis. The OCC rules needing codification into statute apply to tax equity financing entities, community and economic development entities, community development projects and other public welfare investments. The IBA will also be addressing several issues related to the electronic lien and title legislation from last session, a Uniform Commercial Code issue that requires clarification, and several tax issues that may arise over the course of session in the coming two months. As with all past legislative sessions, the IBA will Dax Denton 'LMIJ 4SPMG] 3JƤGIV Indiana Bankers Association ddenton@indiana.bank @ibagovrelations Ross Teare Vice President - Government Relations Indiana Bankers Association rteare@indiana.bank 2022 Session Overview Rising industry issues in Indiana
Hoosier Banker 19 undoubtedly need to work against legislation that could harm the industry in Indiana. Among the issues that could arise this year are: % Legislation implementing a sales tax on services that apply to financial institution. % Legislation that would force banks to lend to certain industries based on the misguided view that banks are refusing business based on concerns unrelated to credit. This type of legislation, under the guise of fair access, has been trending in other states. % Changes to interchange fees. These potential issues are only a few that the IBA will be monitoring. Others include consumer credit changes, workforce or affordable housing development incentives, and changes to lien priority. The IBA Government Relations Team will be engaged in all the aforementioned issues and others that will arise over the course of session. IBA members may track the progress of industry-related bills through IBA Insighter, an e-publication available during session. Email subscription requests to Maria Dowers, IBA executive and GR coordinator, at: mdowers@indiana.bank. HB ANNIVERSARY MILESTONES Saluting 20+ years of banking service Denise George, leasing funding administrator, First Bank Richmond, has completed 30 years of service with the bank. Mariann George, accounting officer, First Bank Richmond, has completed 25 years of service with the bank. She is a graduate of Ball State University. Rachel Riley, leasing tax administrator, First Bank Richmond, has completed 25 years of service with the bank. Paul Witte, senior vice president of commercial lending, First Bank Richmond, has completed 25 years of service with the bank. He began his financial career with the bank in 1996; was named president and CEO of First Federal Leasing, a division of First Bank Richmond, in 2006; and assumed his current role in 2014. A certified public accountant, Witte is a graduate of Ball State University and has completed the Graduate School of Kristi Krack, United Fidelity Bank, Evansville, poses with an anniversary plaque and cake celebrating her 25 years of service. Banking at the University of Wisconsin and the GSB Financial Manager School. Kristi Krack, senior vice president, branch administration and private client officer, United Fidelity Bank, Evansville, has completed 25 years of service with the bank. She began her career in retail banking as a management trainee in 1996 and has since served in roles such as assistant manager, branch manager, executive assistant to the president and CEO, plus has worked in branch administration. Krack has served as board secretary for United Fidelity Bank and Fidelity Federal Bancorp since 2007. A graduate of the University of Southern Indiana, Krack is a member of the USI alumni board and serves as treasurer of the Central High School Softball Booster Club. HB GrowYour Ag Lending Options Competitive Rates | Portfolio Purchases Distressed Asset Options Real Estate Secured | Regional Expertise Jackie Mosier VP Relationship Manager jackie.mosier@conterraag.com (419) 584-8835 conterraag.com | (855) 381-3451 Financing American Agriculture
IBA Officers Regional Directors Constituent Directors Chairman Garry D. Kleer First Bank Richmond First Vice Chairman Jamie R. Shinabarger Springs Valley Bank & Trust Company, Jasper Second Vice Chairman Benjamin J. Bochnowski Peoples Bank, Munster Immediate Past Chairman Michael S. Zahn First Federal Savings Bank, Huntington President and CEO Amber R. Van Til Indiana Bankers Association, Indianapolis ABA Membership Council Michael K. Bauer WesBanco Bank, Wheeling, WV ICBA State Director Michael H. Head First Federal Savings Bank, Evansville Non-Indiana Headquartered Bank Director John Corbin Huntington National Bank, Columbus, OH Future Leadership Division President Jon-Myckle D. Price Security Federal Savings Bank, Logansport North Region Jeffrey W. Gump Farmers and Merchants Bank, Laotto North Region Daniel Maddox Citizens State Bank, New Castle At-Large David M. Findlay Lake City Bank, Warsaw North Region Jacqueline M. Ruge-Perkins First State Bank of Porter South Region Lisa Arnold Home Bank, Martinsville South Region Gregory Inman Scottsburg Building and Loan Association At-Large Kent A. Liechty First Bank of Berne South Region John M. Kennedy +VIIRƤIPH &EROMRK Company At-Large Directors IBA Board of Directors
Hoosier Banker 21 Proudly Presenting The 2022 IBA Board of Directors FEATURE The Indiana Bankers Association operates under the guidance of the Association’s Board of Directors. Acting as the governing body of the IBA, the board consists of 17 members: three elected officers, one past chairman, the Association president/ CEO, two representatives of national associations, the Future Leadership Division president, a non-Indiana headquartered bank director, and eight regional and at-large directors. The functions of the board are to develop IBA policy and to establish long-range goals and objectives. The board also helps determine the IBA’s legislative programs and positions on banking-related issues. The IBA board acts with the same authority as the board of a bank or a corporation. An executive committee – consisting of the chairman, first and second vice chairmen, immediate past chairman, Association president/CEO and two appointed directors – is authorized to act in lieu of the board between regular board meetings. Officers serve one-year terms and are elected by the membership at the IBA Annual Convention. Members of the 2022 board assumed positions on Jan. 1. Garry Kleer Garry D. Kleer, IBA chairman, is chairman, president and CEO of First Bank Richmond. He also is chairman, president and CEO of Richmond Mutual Bancorporation. Kleer joined the bank in 1994 as vice president of commercial lending and was promoted in 2001 to president and CEO. His community involvement includes service on the boards of the Boys & Girls Clubs of Wayne County, Reid Health Foundation, Richmond Symphony Orchestra and Wayne County Foundation. He has been recognized with the Indiana University East Chancellor’s Medallion, Junior Achievement Business Hall of Fame, Richmond/Wayne County Distinguished Community Leader, and Boys & Girls Clubs Man and Youth Award. In 2020, he was awarded the Indiana University Bicentennial Medal for distinguished service, and he currently is a member of the Large Community Bank Council of the Independent Community Bankers of America. Kleer is a graduate of Indiana University, of the Graduate School of Commercial Lending and of the Stonier Graduate School of Banking. Garry Kleer enjoyed interacting with bankers at the IBA Annual Convention in August. (Continued on page 22.)
22 JANUARY / FEBRUARY 2022 Jamie Shinabarger Jamie R. Shinabarger, first vice chairman, is president, CEO and director of Springs Valley Bank & Trust Company as well as the parent company, SVB&T Corporation, Jasper. He has 40 years of financial services experience serving with three financial institutions. Before joining the bank in 2008, Shinabarger was president and CEO of Hicksville Building, Loan & Savings Bank in Ohio, where he served from 1986 to 2007. He began his career in 1980 as an agricultural loan officer and appraiser with the Federal Land Bank of Bryan, Ohio, then served as a loan asset specialist with the consolidated Farm Credit Services of Defiance, Ohio, from 1980 to 1986. Shinabarger serves on the boards and executive committees of two economic development organizations, Dubois Strong and Radius Indiana, and additionally is a member of the Kiwanis Club of Jasper. He also serves on the Executive Committee of Friends of Traditional Banking, a national bipartisan super PAC committed to advocating for bank-friendly candidates in key senate races. Shinabarger earned a bachelor’s degree from Taylor University, an MBA from Indiana Wesleyan University and a certification of completion in executive education from the Ohio State College of Business. Ben Bochnowski Benjamin J. Bochnowski, second vice chairman, is president and CEO of Peoples Bank, Munster, and CEO of Finward Bancorp. He also serves on the board of directors of the Indiana Department of Financial Institutions, a position he was appointed to by Gov. Eric Holcomb in 2019. Bochnowski joined Peoples Bank in 2010, was named president and chief operating officer in 2015, joined the Finward Bancorp board of directors in 2014, and was promoted to CEO of the bank and holding company in 2016. He serves locally on the board of directors of One Region, dedicated to attracting and retaining talent in Northwest Indiana, and previously served on the Membership Council of the American Bankers Association. Bochnowski earned a bachelor’s degree from the University of Michigan; an MBA from the ESADE Business School in Barcelona, Spain; and a leadership certificate from the Wharton School at the University of Pennsylvania. Additionally, he is a graduate of the ABA Stonier Graduate School of Banking. Bochnowski was honored as a 2020 Rising Star in Banking by BankBeat magazine. Michael Zahn Michael S. Zahn, immediate past chairman, is president and CEO of First Federal Savings Bank, Huntington. He joined the bank in 1996 and was named president in 2005 and CEO in 2011. Zahn is a board member and past president of the Huntington University Foundation and a member of the board of directors of Huntington County Economic Development. He also is a board member and past capital campaign chair of the United Way of Huntington County. Additionally, he is a past member of the board of trustees for Huntington University and has been active with the Bowen Center, Optimist Club, Parkview Huntington YMCA, Huntington County Junior Achievement, Huntington County Chamber of Commerce and Lime City Economic Development. In 2021, Zahn was honored as a Sagamore of the Wabash by Gov. Eric J. Holcomb. He earned an undergraduate degree from Indiana University and an MBA from the University of Notre Dame. Amber Van Til Amber R. Van Til is president and CEO of the Indiana Bankers Association. Additionally, she is a trustee of the IBA Group Insurance Trust. Van Til joined the Association in 2002 as a lobbyist and has served the IBA as vice president-government relations, senior vice president-government relations, executive vice president and president before being named president and CEO in 2017. She chairs the trustees of the Graduate School of Banking at the University of Wisconsin and of the Herbert V. Prochnow Educational Foundation, and she is a member of the American Bankers Association Government Relations Council and ABA State Association Alliance Executive Committee, Independent Community Bankers of America Subcommittee on Safety and Soundness, Friends of Traditional Banking board of Jamie Shinabarger participated in the IBA Mega Conference in October. Ben Bochnowski engaged in an IBA strategic planning retreat last fall. Michael Zahn was a featured presenter at the Leaders in Banking Excellence ceremony in August.
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