PLUS! 2022 Mega Conference Recap JULY / AUGUST 2022 C2C Award Nominations Showcasing community service in 2021
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 in Hoosier 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. 4 OUR ASPIRATION The Indiana Bankers Association strives to grow stronger banks and stronger communities. OUR 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 Jon-Myckle D. Price, FLD President ............................Security Federal Savings Bank, Logansport Non-Indiana Headquartered Bank Director........................................................................Vacant 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 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 Laura Shake............................................................................The National Bank of Indianapolis 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 Coordinator 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 The IBA Presents the 2021 C2C Award Nominations 18 ARTICLE SPOTLIGHT 2022 Mega Conference Recap Emily Brooks, 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 24 2I[ -&% 3JƤGIV 'ERHMHEXIW 42 Banks Finished Strong in 2021 Carl D. White II, Federal Reserve Bank of St. Louis 44 Rethinking the ‘Great Resignation’ Robert S. Nichols, ABA 46 Being ‘All in’ Rebeca Romero Rainey, ICBA GR SUMMIT 22 Your Voice Is Paramount Dax Denton and Ross Teare, IBA HUMAN RESOURCES 26 Hiring Remote Employees in Other States Debra A. Mastrian, SmithAmundsen LLC DIRECTORS / SENIOR MANAGEMENT 30 Interest Rate Risk in 2022 Matt Harris, The Baker Group 40 Customize Your Model Validation Brian Crow, TCA Compliance INDIANA BANK & THRIFT STOCK UPDATE 32 Stock Analysis Michael A. Renninger, Renninger & Associates LLC PSP SHOWCASE 34 Custom ELT Solutions Jon Campbell, DDI Technology PRODUCTS & SERVICES PROFILE 36 Contract Negotiations Rod Lasley, IBA COMPLIANCE CONNECTION 38 Positive Pay Service Brett J. Ashton, Krieg DeVault LLP CLOSING NOTE 62 IBA Board Review Lisa Arnold, Home Bank, Martinsville DEPARTMENTS 16 Banking Center News 33 Anniversary Milestones 39 From the Board Room 43 In Memory of 48 Associate Members Corner 48 Taking It Easy 50 Banking on Community 51 Honorable Mentions 54 Bankers on the Move 61 IBA ‘High Five’ Awards 61 Advertisers Index 18 62 In This Issue 10 2021 C2C Award Nominations “As bankers, serving and helping others literally drives everything that we do.” OUR NETWORK IS MEGASTRONG
6 JULY / AUGUST 2022 The lazy days of summer aren’t lazy at all for the Indiana banking community. During these warm summer months, you stay busy supporting the communities you serve, and the Indiana Bankers Association keeps busy supporting you in your efforts. So that we stay on track in providing the products and services you need, your staff at the IBA is now following a new strategic plan, designed to carry us through the next three years in a manner that promises a bright future. You can view the 2022-2024 strategic plan at indiana.bank/strategic-plan, or click on the graphic on this page in HB Digital. The plan was drafted following a survey of IBA members that confirmed high marks for the Association, putting us in the enviable position of determining how to build from good to great. The resulting plan has five pillars: Next-Level GR, Next-Level Talent, Operational Effectiveness, New Ventures and Future Opportunities. Within each of these pillars are multiple objectives and strategies. From a macro view, there are some highlights to the strategic plan I’d like to quickly share. One is an initiative to forge stronger connections between bankers and legislators. The objective is to streamline relationship-building to create a catalogue of resources in preparation for grassroots calls to action. An additional highlight is that we’ll be seeking new non-dues revenue. The IBA has long been at the lowest level of dues caps among state bankers associations in the country. To continue this legacy, we need to plan ahead for anticipated contraction in the industry. We’ll also be exploring ways to streamline our communications. Our goal is to send you the appropriate amount of emails and mailings to maximize efficiency. VANTAGE VIEWPOINT Don’t Miss Out! Another highlight is that the plan addresses diversity, equity and inclusion. Feedback from the IBA-member survey indicated that we need to be focusing attention on DEI, and we need to do it well. Accordingly, the IBA has assembled a task force of DEI experts that we will be meeting with during the next three years to create a useful road map for members. The strategic plan additionally emphasizes being ready for the future by having the IBA collaborate with other organizations. In this arena, we already have a major development. The IBA recently signed a management services agreement with the Indiana Mortgage Bankers Association, paving the way for the IBA to manage all MBA operations starting next year. This arrangement will complete a natural progression that has been underway for some time, since both associations serve similar purposes and overlapping audiences. The IBA has the capacity to fill some managerial gaps that the MBA had been experiencing, so it makes sense for us both to operate under the same auspices. The agreement goes into effect April 1, 2023. Finally, I’d like to point out that the strategic plan includes a new aspirational statement for the IBA: “The Indiana Bankers Association strives to grow stronger banks and stronger communities.” This aspiration summarizes our ultimate purpose of helping Indiana banks to be stronger, which in turns helps strengthen Indiana communities. It’s a privilege to serve you in this regard. HB Amber R. Van Til President and CEO Indiana Bankers Association avantil@indiana.bank @grbanker FLD Leadership Conference Aug. 18-19 Emerging leaders build skills and strengthen networks at this Future Leadership Division event. Annual Convention Sept. 11-13 This year’s event celebrates IBA’s 125th anniversary as bank leaders convene and connect. Banking on Women Conference Nov. 2-3 Women in banking gather to unlock potential and own the future. For event updates, visit: indiana.bank/calendar
Hoosier Banker 7 IBA Quasquicentennial Celebrating 125 Years Learn more at ndiana.bank/history #IBA125Years As we finish out the summer months, we can look forward to another milestone marker on the Indiana Bankers Association horizon: the IBA Annual Convention. Last year, this event took on extra significance by being held in person after going virtual the prior year due to pandemic concerns. This year, not only is our Convention being held in person, but it resumes its normal autumn time slot. We’ll be convening Sept. 11-13 at the beautiful French Lick Resort, starting with our traditional golf outing. As at other IBA events, there will be plenty of educational opportunities at Convention, since it’s important to stay up-to-date on banking issues. Something that sets the Annual Convention apart from other IBA happenings is that Convention by definition includes our election of officers for the next calendar year. In preparation, you can view biographies of our slate of officer candidates for next year in this issue of Hoosier Banker on page 24. As in past years, we have outstanding banking talent scheduled to serve through the chairs, leading the Association into the future. From my perspective, this year’s Annual Convention will be extra special, as it will be my opportunity to host the Chairman’s Banquet on the evening of Sunday, Sept. 11. At the banquet, it will be with pride that I’ll pass along the IBA leadership gavel to our current first vice chairman, Jamie Shinabarger. Officially, my term as 2022 chairman continues to the close of this year, but we customarily recognize the incoming chair at Convention. As with any positive experience, my time so far serving as your chairman has been going quickly, and it has been a pleasure and an honor. Perhaps most significantly, this year’s Annual Convention will feature an all-out celebration of the IBA’s 125-year anniversary. The Convention is a fitting occasion for the anniversary celebration, particularly the Chairman's Banquet, since many 40 Year Club members as well as past IBA presidents and chairs will be in attendance. For those unable to attend Convention, the IBA will be sharing highlights of Convention happenings, including the anniversary celebration, through an upcoming edition of Hoosier Banker and IBA social media. Speaking of social media, be sure to check out IBA posts on Facebook, Instagram and Twitter at hashtag #IBA125Years. Currently, the IBA is posting a daily social media countdown to Convention featuring historic posts of IBA-member banks. If you are able to join us at the IBA Annual Convention, I very much look forward to seeing you in French Lick. This event will be special in many ways, made all the more special by sharing it with banking peers. HB CHAIRMAN’S REPORT 7IGYVMX] *IHIVEP 7EZMRKW &EROɄŵɄ$WJWFERO ŵ 1E] Thank you to everyone who came to our Leadership Lafayette event at River City Community Center! Community events are so important to us at Security Federal. Thank you Julia Snipes and Lucia Vela for showing your support to our local communities during this event! 'MXM^IRW 7XEXI &EROɄŵɄ$'7&C-RHMERE ŵ 1E] #TeamCSB Representatives Faithe Webster and Taylor Miller had a great time this week at the New Castle Middle School Career Day. They loved meeting all the future bankers! Ա ,SSWMIV ,IEVXPERH 7XEXI &EROɄŵɄ$Q],,7& ŵ 1E] HHSB is proud to support the Montgomery United Police Canine AssociationӺ Thanks to K9 Tyr & Sgt. Corey Rohl for stopping by! Visit MUPCA.org to learn more about this organization, its members, and the K9s of the @C_VillePD & XLI 1SRXKSQIV] 'S 7LIVMJJŭW 3JƤGI 1IVGLERXW &ERO SJ -RHMEREɄŵɄ$1IVGLERXW&ERO-2 ŵ %TV Shout out to the volunteers who made a #MerchantsMPACT at the @horizonhousein event! The team sorted bags of donations, organized the kitchen and tackled some outdoor landscaping projects (despite the rainy weather). We can’t wait to continue making an MPACT in our community! 7TVMRKW :EPPI] &ERO 8VYWX 'SQTER]ɄŵɄ$7TVMRKW:EPPI]&8 Apr 27 Springs Valley employees hosted a jeans day to raise donations for the Dubois County Humane Society. The employees raised a total of $850 in donations! *SPPS[ -&% 8[MXXIV $MRHMEREFEROIVW NOTABLE QUOTES Bank Community Service on Twitter Garry D. Kleer Chairman Indiana Bankers Association Chairman, President and CEO First Bank Richmond Le in #
8 JULY / AUGUST 2022 WA = Weighted Average Nellie Szczech, EVP, Institutional Relationships nellie@bhgbanks.com • (315) 509-2637 BHGLoanHub.com/IN WA FICO: 737 WA Income: $290,000 Avg Loan Size: $147,000 WA Years in Industry: 19 WA DSCR: 2.5 2022 BHG borrower: High-quality borrowers on demand. To learn more about BHG, please contact:
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 Marketing Forum June 28 • IBA Center IT Forum June 29 • Group 1 • IBA Center June 30 • Group 2 • IBA Center Annual Washington Trip July 11-13 • The Willard Hotel Washington, D.C. Emerging Leaders Digital Program July 12 • Virtual Professional Development/Education/Training Forum July 12 • IBA Center Essentials of Banking: Session 3 July 13 • Virtual Branch Manager Forum July 14 • IBA Center Human Resource Directors Forum July 19 • IBA Center Risk Management Forum July 22 • IBA Center CRE Appraisals: Reviewing and Interpreting Aug. 2 • IBA Center Credit Analysis and Portfolio Manager Workshop Aug. 3-4 • IBA Center Emerging Leaders Digital Program Aug. 9 • Virtual Community Bankers for Compliance Program - Session 3 Aug. 9 • IBA Center Aug. 10 • Indiana Wesleyan University Fort Wayne Branch Management Series: Session 3, Growing the Retail Branch Aug. 16 • IBA Center Small Business Lending Workshop: No More Cold Calls Aug. 16 • IBA Center CRE Lending for Non-CRE Lenders Aug. 17 • IBA Center Essentials of Banking: Session 3 Aug. 17 • Virtual IT/Cyber Seminar Aug. 18 • IBA Center FLD Leadership Conference Aug. 18-19 • Hyatt Place Indianapolis / Downtown Bank Director Workshop Aug. 22 • Landmark Conference Center Fort Wayne Aug. 23 • IBA Center Aug. 24 • Sheraton Hotel • Jeffersonville Leadership Development Program - Session 3 Aug. 23-25 • Abe Martin Lodge • Nashville Compliance for Loan Processors Aug. 24 • IBA Center Enhance Your Bank’s Performance With Strategic Marketing Management Aug. 30 • IBA Center &ERO 7IGYVMX] 3JƤGIV *SVYQ Sept. 1 • IBA Center Retail Banking Forum Sept. 7 • IBA Center Advanced Agricultural Lending Conference Sept. 7-8 • Doubletree by Hilton • Lafayette &7% 3JƤGIV *SVYQ Sept. 8 • IBA Center Annual Convention Sept. 11-13 • French Lick Resort Emerging Leaders Digital Program Sept. 13 • Virtual Essentials of Banking: Session 4 Sept. 14 • Virtual Advanced Commercial Lending School Sept. 14-15 • IBA Center Stepping Up to Supervisor Sept. 15 • IBA Center Train the Trainer Sept. 20-21 • IBA Center Mortgage Lending School Sept. 20-22 • IBA Center BSA Fundamentals Sept. 22-23 • IBA Center FDIC Directors College Sept. 27 • IBA Center New Account Documentation and Compliance Sept. 28 • IBA Center Security Conference: Cybersecurity, Fraud and Physical Security Oct. 4-6 • Renaissance Indianapolis North Hotel Carmel Employment Law Compliance for Banks Oct. 5 • IBA Center Banking on Women Conference Nov. 2-3 • Marriott Indianapolis North NOTE: For the latest information about IBA event dates, locations and format, please visit: indiana.bank/calendar
10 JULY / AUGUST 2022 COVER ARTICLE The Indiana Bankers Association Commitment to Community Awards, presented annually at the IBA Mega Conference, tell the story of banking by showcasing bank community service provided the prior calendar year. Two awards are given, representing asset sizes under $500 million, and $500 million or more. For the 2021 awards, Home Bank, Martinsville, won in the category of banks under $500 million in assets, and First Savings Bank, Jeffersonville, won in the category of $500 million and above. Finalists were Alliance Bank and Hoosier Heartland State Bank in the under $500 million category; and Bank of America and Northwest Bank in the $500 million+ category. Nominating banks answer questions that align with an evaluation rubric, and all receive recognition through IBA social media. Following are the 22 nominations for the 2021 IBA C2C Awards, each telling the winning story of banking. Asset size: Under $500 million Alliance Bank, Francesville, aims to remain actively engaged in the community to address needs and opportunities. Bank staff serve in leadership roles on nonprofits, volunteer at community events, provide financial literacy education and give back monetarily to local organizations. In 2021, employees logged 1,012 volunteer hours, and donations exceeded $80,000. In 2021, the bank made its first multiyear pledges to a historic bridge renovation, public trail system, and regional economic and community development organization. Local events are also high priority The IBA Presents the 2021 C2C Award Nominations for the bank’s time and donations, since these events bolster the local economy by drawing in visitors and dollars. The bank encourages employees to be involved in outreach by providing time “on the clock” for volunteering endeavors and incentives, and participation is an expectation of employees. When employees have difficulty finding organizations to get involved with, managers are eager to help them find organizations that match their interests. The mission statement of Bath State Bank is: “Building genuine relationships with our customers and community by caring for them like family.” During 2021, the bank gave approximately $85,000 to 185 entities. During the pandemic, the bank delivered lunch to first responders, spread cheer to nursing home residents and adapted its financial literacy programs when in-person options were not feasible. In 2021, the bank was able to hold its annual financial literacy field trip virtually for area elementary students. The virtual field trip covered three separate elementary schools for a total of six classrooms, impacting some 250 students. Bank staff created a customized 20-minute virtual field trip presentation, plus supplied snacks and goodie bags for the students. Every employee of Bath State Bank volunteers in some capacity to make local communities a better place. Staff takes ownership of their communities where they live, work and play. First Federal Savings Bank, Evansville, understands the importance of supporting the community, with the bank’s brand centered around this philosophy. Organizations the bank has worked with in- Alliance Bank Bath State Bank
Hoosier Banker 11 clude Habitat for Humanity, Sleep in Heavenly Peace, Toys for Tots and Jubilee Christmas. The bank also works with local schools to educate students about the banking industry. All employees use their personal and professional connections to listen to community needs. Employees are encouraged to submit sponsorship or donation requests, and these entries are reviewed daily with leadership. In the last year, employees have submitted more than 70 sponsorship requests, with 92% being fulfilled. All employees, including executive-level leadership, volunteer time and resources to local nonprofits. The bank offers incentives such as awards and additional paid time off for volunteerism. The bank’s marketing team works with the leadership team at least monthly to discuss community outreach proposals and ways the bank can contribute locally. First Federal Savings Bank, Huntington, is a pillar within the Huntington County community. The bank participates in multiple sponsorships for local organizations, including schools and nonprofits. Organizations benefiting have included the United Way, Boys and Girls Club of Huntington County and more. Additionally, the bank has several employees who donate their time to area nonprofit boards regularly. In 2021, the bank was awarded Best Bank, Best Place to Work and Best Place to get a Mortgage in the community’s Reader’s Choice contest. The bank has been in operation since 1912, demonstrating its dedication and investment into the local community. Since 2012, Home Bank, Martinsville, has supported local nonprofits by gifting 10% of its earnings, with those donations now exceeding $2 million in total. The bank’s gifting program financially supports organizations focused on affordable housing, mental health, poverty and education. In 2021, the bank launched a broad financial literacy initiative by funding a full community-access contract with Banzai for its online programming. A committee consisting of employees oversees and directs the bank’s community gifting program. Volunteer employees also lead two major charitable campaigns within the bank. The bank’s president and CEO also huddles weekly with single departments/locations, and these discussions include a focus on living the bank’s mission statement, “Making Lives Better by Gathering, Growing and Giving,” through community outreach. The bank created the position of director of community funding development in 2021 to promote participation in affordable housing programs and to spearhead other community initiatives. The bank also funds a full-time director of community relations position, coordinating employee volunteers for various community activities. Hoosier Heartland State Bank, Crawfordsville, donates 10% of its net income to help nonprofits, schools and other organizations achieve their goals and fulfill their missions. Since adopting this mission in 2013, the bank has given back more than $1 million to the communities it serves. Bank staff donate their time and talents through board leadership and service projects. Outreach in 2021 specifically targeted education, financial literacy and hunger relief. Bank staff participated in numerous service projects to help fight hunger during the pandemic and offered free financial education for all ages. A designated bank committee helps coordinate service events for the entire bank, with employees bringing ideas to the committee and leading projects from start to finish. The bank’s annual Shared Values awards recognizes nominated team members for their philanthropy efforts. Finalists donate either $1,000, $2,500 or $5,000 to a charity of their choice, for a combined total of $34,000 to 12 different organizations during this event. First Federal Savings Bank, Evansville Home Bank Hoosier Heartland State Bank
12 JULY / AUGUST 2022 Indiana Trust Wealth Management, Mishawaka, has made a habit of supporting charitable organizations in the communities it serves since the company’s inception more than 33 years ago. The bank engages employees with volunteer service and projects that benefit charitable organizations throughout the year. In 2021, the bank initiated the Indiana Trust Nonprofit Spotlight Program to honor nonprofit organizations on a monthly basis in three ways: a corporate donation of $1,000; publicity in the form of a blog article, e-blast and social media posts; and an employee gift-matching opportunity. The bank recognizes community relations as one of three pillars of success in its strategic plan. It encourages employees to engage with nonprofit and community organizations they feel strongly about through board and committee memberships as well as special projects, in addition to corporate or individual financial support. Currently, 61% of employees are actively engaged in board memberships, committee memberships or as volunteers with charitable organizations. The New Washington State Bank, Charlestown, has a day-to-day focus on the communities it serves. The bank encourages community involvement and volunteerism and is represented on numerous boards and committees throughout southern Indiana. The bank feels that monetary donations are important, but just as important is the giving of time, resources and experience. In 2021, the bank partnered with Develop New Albany and the New Albany Farmers Market Double Bucks Program, which allows low-income families to purchase locally grown produce at the farmers market. As a sponsor, the bank matched the “double up” amount that the families initially purchased. Additionally, employees participate in Blue Jean Fridays to support local nonprofit organizations. In October, employees raised over $1,800 by hosting a pumpkin decorating contest to benefit breast cancer awareness. Organizations the bank supports include local 4-H programs, Head Start of Floyd County, One Southern Indiana, Crusade for Children and The Center for Women and Families. Wayne Bank and Trust Company, Cambridge City, has been serving the Wayne County community since 1882. The bank’s mission is to promote community prosperity by providing high-quality financial services that meet the needs of the community, its businesses and its citizens. The bank believes that banking, at its core, seeks to promote the growth and betterment of local communities. In 2021, the bank donated over $63,000 to local initiatives and nonprofits, with $15,000 supporting a new Midwest Music & Heritage Trail that elucidates Richmond’s rich musical history. The bank aspires to be actively engaged in the communities it serves. On any given day, bank staff can be found volunteering with nonprofits, rubbing shoulders with local businesses and entrepreneurs, and supporting their neighbors with kindness and generosity. By fostering a culture of participation, engagement and personal responsibility, the bank is adding value to Wayne County that will pay dividends well into the future. Asset size: $500 million and above 1st Source Bank, South Bend, has a dedicated philanthropic sister organization, 1st Source Foundation, which supports nonprofit organizations across the bank’s footprint. The bank also makes donations, sponsors organizations and supports local groups through employee volunteerism and service as board/committee members. Employees are encouraged to volunteer for causes they are most passionate about, and in 2021 1st Source employees volunteered more than 15,000 hours to local organizations. In 2021, 1st Source Bank focused much of its giving efforts to support organizations striving to reduce the “COVID slide” and to those that provide programs and facilities that offer safe and productive ways for young people to spend their time outside of school. That support has funded resources and tools for learning, facility improvements, program offerings and more that have served local students. Beyond hours volunteered or dollars given, the bank evaluates its success by understanding the impact organizations have in making communities better places to live, work, worship, build businesses and raise families. This is not always quantitative data, but the bank encourages the groups it supports to share the data on their efforts whenever possible. Indiana Trust Wealth Management Wayne Bank and Trust Company
Hoosier Banker 13 Bank of America, Indianapolis, believes the true story of banking is to provide communities with the lending, investing and giving they need to remain vibrant and vital. In determining the highest impact for financial investments, the bank engages with community leaders and employees to understand the community’s needs, then uses that information to develop a strategic plan for philanthropic investment. Through partnerships with nonprofits, charitable programs and the power of employee volunteers, the bank works to strengthen communities and advance racial equality and economic opportunity. Employees are also encouraged to remain active in their communities and advocate for the bank’s involvement when a need arises. Many bank employees are involved in local nonprofit boards and committees in addition to volunteering with community organizations. The bank gives employees up to two hours per week of paid time off to volunteer with managerial approval. Bank employees logged over 4,200 volunteer hours in 2021. Since 1895, Centier Bank, Merrillville, has been a steward of the community. Besides the corporate dollars it donates on a regular basis, the bank incentivizes employees by providing a paid day off so they can volunteer, and rewards associates who acquire certain levels of volunteer hours with bonus time off. Additionally, the bank tries to incorporate nonprofits and outside organizations into its day-to-day operations, whether it’s a casual-for-acause day or a donation matching program. These efforts are designed to make corporate giving, volunteerism and community outreach fun, feasible and favorable. Having a footprint across 11 counties requires the bank to focus on broader needs to see where it can be of service. The bank tracks how many organizations and how many communities it touches throughout the year, both through dollars and volunteerism, by looking at total hours and total volunteer participation rates. The bank also engages a philanthropic adviser group to quantify the impact of all areas of community outreach. DeMotte State Bank has established three Pillars of Giving to guide its community service: community reinvestment, prioritizing education and commitment to service. From officers to entry-level staff, all bank staff is encouraged to engage with their communities and invest their time and talents in volunteer efforts. In 2021, a group of bank employees mapped out an extensive plan to engage staff and source needs in all five counties that the bank serves. Last year, bank staff served 66 nonprofit organizations such as Junior Achievement, local food pantries, Relay for Life and Tim Tebow’s Prom. Staff and officers alike have been proponents of change by starting local efforts to combat hunger, be a partner in education, and enrich the local arts. The bank donated $2,800 in 2021 to local food pantries located throughout five counties, $20,000 to local schools and educational organizations, and over $50,000 to nonprofits in total. At The Farmers Bank, Frankfort, serving local communities is at the core of the bank’s identity. To celebrate the bank’s 145th anniversary in 2021, employees teamed up to participate in a Pay It Forward campaign, in which each team was given $145 to help a person or group in need. Employees were asked to purchase items and personally deliver them to local organizations, and employees could combine teams to make more impactful donations. This project resulted in a total of $8,115 gifted to individuals and organizations in the community. The bank promotes economic development, innovation and social well-being, and community engagement and corporate philanthropy is a top priority. In addition, the bank supports local educational and community development projects with a direct positive impact on customers and neighbors. The bank considers supporting the community an integral part of its role as an economic engine, as its success is directly tied to the success of the communities it serves. Bank of America The Farmers Bank
14 JULY / AUGUST 2022 First Bank Richmond is committed to being an integral partner to the communities in which it serves. The bank’s philanthropic commitment is facilitated through financial support pledged through contributions and event sponsorships, board/employee leadership and participation with local nonprofit organizations, and in-kind donations and fundraising efforts to promote local initiatives. In 2021, the bank donated more than $574,000 to local nonprofit organizations, and 50% of bank staff served on boards or committees of local nonprofit organizations. The bank has identified four key areas of need in the community: education, financial literacy, physical and mental health, and the fostering of local nonprofit organizations and their initiatives. The bank strives to foster a work environment that encourages employee philanthropy. This culture is cultivated internally through employee participation during operating hours, ongoing training and development in areas of interest, and fundraising to support local nonprofit organizations’ initiatives and by offering incentives to increase employee participation, collaboration and engagement. At First Savings Bank, Jeffersonville, employee community outreach is ingrained into the bank’s culture. The bank has an internal tracking and reporting system for employee community service hours and an employee-led charity fund. In 2021, the bank provided $461,547 in financial support to various charities, nonprofits and community organizations. When tornadoes struck in neighboring Kentucky, bank staff rallied together to donate $23,000 of their own money, which the bank matched for a $46,000 donation to aid the affected towns. Bank employees volunteered over 4,600 community service hours in 2021, and the bank continually looks for ways to improve. The internal benefit of giving back creates an environment of servant-leadership – when employees are engaged, morale is better and work is better. The bank has a community-first mentality and believes that by doing what is right for the customer and community, success will follow. According to the bank, the story of banking should be a story about serving others. Horizon Bank, Michigan City, believes it is essential to be hands-on in the community in order to understand the needs of both customers and community members. To encourage volunteerism and community leadership, the bank provides paid time off to volunteer and recognizes highly involved advisers with awards each year. Community outreach is a large part of the company culture. Over 650 financial literacy events were either hosted or spoken at on behalf of the bank in 2021. The bank’s Business Diversity Council helps direct community initiatives and continually looks for proactive ways to support affordable housing, economic development and financial literacy to serve the less fortunate. In 2021, the bank provided nearly $890,000 in charitable grants to more than 450 organizations across its footprint. These funds supported education, economic development, arts, housing, COVID-19 relief and more. The bank is committed to collaborating with like-minded community members to advance the goal of preserving and building better communities that thrive economically. The directors, officers, and staff of Jackson County Bank, Seymour, believe in the importance of bringing time, talent and treasure to the communities it serves. The bank’s core values of honesty, encouragement, accountability, respect and teamwork determine its giving strategy. In 2021, the bank donated nearly $110,000 to local organizations, and employees spent 3,700 hours of their time volunteering. All staff members are frequently encouraged to donate their time when possible. The bank’s wealth management department manages The Greater Seymour Trust Fund, which holds more than $18 million in managed assets and awarded $377,444 in scholarships in 2021. The bank recognizes that it can only be healthy if the communities it serves are healthy. Additionally, the bank believes that its donations, volunteering and shared expertise aren’t just contributions – they’re commitments to make a positive impact in the places bank staff live, work and play. Merchants Bank of Indiana, Carmel, has always been a supporter of affordable housing and building a strong community. Through the bank’s MPACT (Merchants Positively Advancing Communities Together) program, employees engage in opportunities for community service First Savings Bank Horizon Bank
Hoosier Banker 15 to develop affordable housing in surrounding neighborhoods, provide homebuyer and financial literacy education programs, provide funding and expertise to community development organizations, volunteer to support shelters and food pantries, and more. The bank measures success by tracking the number of individuals and businesses impacted through the volume of loans originated, hours involved through volunteer activities, and level and impact of contributions and sponsorship activities in the communities it serves. Bank employees logged more than 2,000 volunteer hours in 2021. The bank’s work in the community is driven by a call to action to assist individuals and businesses in building financial empowerment and capacity. This is developed by initiating, fostering and retaining relationships throughout the community. These partnerships motivate contributions to economic growth and community advancement that enhance the quality of life for all Hoosiers. Northwest Bank, Warren, Pennsylvania, sees itself as a community partner, rather than just another business in the area. Its purpose as a bank is to make a difference in the community. In 2021, the Northwest foundation contributed $1 million to community organizations, plus an additional $140,000 from the bank’s charitable line, for a total of $1,140,000 across the bank’s various regions. The bank seeks out specific needs in each of the communities it serves and tailors responses accordingly. Organizations supported by the bank include the Muncie Mission, Muncie and Grant County Habitats for Humanity, United Way, Urban Light Community Development and other organizations dedicated to community assistance. Community engagement is embedded in the bank culture. Staff are the drivers of outreach efforts and are passionate about giving back to the community. The bank’s monthly newsletter includes a Kudos Recognition area through which employees may nominate their peers for inclusion, enabling employees to engage each other in community involvement. Northwest Bank 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 2022 unteer efforts. Employees with the most volunteer time are recognized yearly. In 2021, bank staff volunteered 784 hours in the community. In addition, the bank provided 33 hours of financial literacy classes and supported over 43 organizations and nonprofits with financial donations. The bank’s mission is to help the local economy thrive by investing in the community, supporting local businesses, and donating time and treasure to nonprofit organizations. Thank you to the IBA-member banks that participated in the 2021 C2C Awards program. Nominations are now open for the 2022 Commitment to Community Awards at indiana.bank/commitment-community-award. HB It is within the mission of North Salem State Bank to be a community bank with the giving of time, talent and resources to the community through participation and leadership. The bank’s vision statement is “to serve others by creating trusting relationships that help them meet their goals and achieve solutions.” In 2021, the bank provided over $95,000 in sponsorships, event contributions, 4-H support and charitable donations. Many staff serve on boards, committees and servant positions within Boone, Hendricks, Putnam and surrounding counties. Opportunities to participate and volunteer are available to all employees to do so on company time. In 2021, bank staff volunteered over 4,000 hours in the community at various events. The bank prides itself in participating in school teacher/staff appreciation events monthly, both in admiration of those who teach and to be supportive of local youth. Additionally, the bank aims to support the needs of the community by supporting clothing drives, food drives/ pantries and local shelters when needs and opportunities arise. Since 1914, United Fidelity Bank, Evansville, has been committed to fulfilling the mission of serving its communities. As a community leader, the bank provides hands-on educational programs; financially supports nonprofit organizations, youth sports and school programs; volunteers time to various community-centric causes; hosts free community events; and provides products and services that meet the financial needs of local individuals and businesses. The bank encourages staff to engage in community outreach, and each employee has an opportunity to earn paid time off for their volUnited Fidelity Bank BANKING CENTER NEWS Community First Bank of Indiana, Kokomo, hosted a grand opening ribbon-cutting ceremony on May 19 in partnership with the Indy Chamber and OneZone Chamber of Commerce for the opening of the bank’s new branch at 9333 N. Meridian St., Ste. 125, Indianapolis. The celebration included a donation to The Advancement Center for Washington Township Schools. The banking center is served by Romhaad Davis, business banking center manager, and Leia Magdalinos, assistant branch manager. HB Board members and associates of Community First Bank of Indiana are joined by Ross Raifsnider (third from right) of the Indy Chamber to cut the ribbon at the Meridian North banking center. At center is Robb Blume (wearing red), bank president and CEO. Blume MW ƥEROIH EX PIJX F] &MPP ,MRKWX FSEVH GLEMV ERH EX VMKLX by Romhaad Davis, banking center manager.
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18 JULY / AUGUST 2022 ARTICLE SPOTLIGHT OUR NETWORK IS MEGASTRONG Recap of 2022 Mega Conference JULY / AUGUST 2022
Hoosier Banker 19 In May the Indiana Bankers Association welcomed over 1,100 participants to Indianapolis for the 2022 Mega Conference. This year the event returned to its traditional May dates following prior scheduling shuffles caused by the pandemic. Although the last Mega was held less than a year ago – in October 2021 – members were eager to gather together again. This year marked the 30th anniversary of Mega, the IBA’s signature event and the largest state bankers association meeting in the country. The conference kicked off on Monday, May 9, with an afternoon of golfing in beautiful weather at the Highland Golf and Country Club just north of downtown Indianapolis. That evening, the IBA hosted a reception at the Indianapolis Marriott Downtown to recognize the many associate members that support the Mega Conference. Bankers and associate members enjoyed refreshments while building connections with one another. The evening was capped off with the traditional hospitality suite, hosted by IBA Chairman Garry Kleer. On Tuesday, the conference commenced its busy educational schedule with breakfast in the exhibit hall. Following breakfast, attendees had the opportunity to choose from six different educational tracks during four sessions throughout the day. New to the Mega Conference this year was the Fintech Showcase on Tuesday morning, sponsored by the Independent Community Bankers of America’s ThinkTECH Accelerator. The showcase featured five fintech companies that focus on developing products and solutions for community banks and their customers. At the Tuesday luncheon, demographer Ken Gronbach presented a compelling keynote speech that demonstrated his theory on why the United States is uniquely positioned to succeed into the future due to its demographic makeup. Also at the Tuesday luncheon, awards were presented to Diamond Associate Members. Additionally, a slideshow was shown depicting Five Star Member awards being hand-delivered to Five Star banks by IBA staff. After the day’s educational sessions wrapped up, attendees were invited to the exhibit hall for the Mega Celebration, where bankers mingled over food and drinks and visited with associate members. On Tuesday evening, the IBA Future Leadership Division hosted a networking reception at the Yard House restaurant. Attendees were challenged to meet three new people and ask them several questions to be entered for a drawing of Amazon gift cards. Wednesday brought further sessions in six additional educational tracks and a keynote by speaker James Olson, former CIA chief of counterintelligence. Olson recounted fascinating stories from his career involving spies who traded secrets with Russia. At Wednesday’s luncheon, the finalists and winners of the 2021 Commitment to Community Awards were recognized. This award showcases exceptional community bank outreach in Indiana. Congratulations to Home Bank, Martinsville, the winner in the category of banks under $500 million in assets, and to First Savings Bank, Jeffersonville, the winner in the category of banks over $500 million in assets. First Savings Bank is the first repeat winner of the award, having previously won in 2019. The 2022 Mega Conference wrapped up on Wednesday afternoon after further educational sessions and exhibitor prize drawings. Thank you to all who attended, and many thanks to our generous sponsors. We hope to see you at next year’s Mega Conference, scheduled for May 16-18, 2023, at the Indiana Convention Center. HB Emily Brooks Member Engagement Specialist Indiana Bankers Association ebrooks@indiana.bank
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