INDIANA BANKERS ASSOCIATION JULY / AUGUST 2023
DIRECTORS & STAFF PUBLISHER Amber R. Van Til EDITOR Evan Hoffmeyer 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 The flagship publication of the Indiana Bankers Association, Hoosier Banker is distributed to all banks and thrifts headquartered in Indiana, IBA-member banks headquartered out-of-state and IBA associate members. PUBLICATION DISCLAIMER Hoosier Banker (ISSN 0018 473X) is published bimonthly by the IBA Service Corp., a subsidiary of IBA Holding Company Inc., 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 Email IBA staff using first name initial and last name, plus “@indiana.bank” – example: jdoe@indiana.bank INDIANA BANKERS ASSOCIATION 8425 Woodfield Crossing Blvd., Suite 155E Indianapolis, IN 46240-7321 Vol. 107 No. 4 IBA BOARD OF DIRECTORS Officers Jamie R. Shinabarger, Chairman..........Springs Valley Bank & Trust Company, Jasper Benjamin J. Bochnowski, First Vice Chairman ..............................Peoples Bank, Munster Matthew W. Howrey, Second Vice Chairman ..............................North Salem State Bank Garry D. Kleer, Immediate Past Chairman ............................................. First Bank Richmond Amber R. Van Til, President and CEO ........................................Indiana Bankers Association Constituent Directors Michael K. Bauer, ABA Membership Council ..............WesBanco Bank, Wheeling, WV Sherri L. Reagin, ICBA State Director.................................................. North Salem State Bank Brock C. Goggins, IBA FLD President............................... German American Bank, Jasper Joseph F. Breen, Non-IN HQ Banks ...........Huntington National Bank, Columbus, OH Regional and At-Large Directors David M. Findlay, At-Large ..........................................................................Lake City Bank, Warsaw Kent A. Liechty, At-Large.........................................................................................First Bank of Berne J. Daniel Maddox, North Region ...........................................Citizens State Bank, New Castle Bradley J. Monts, North Region..............Hoosier Heartland State Bank, Crawfordsville Jacqueline M. Ruge-Perkins, North Region ...............................First State Bank of Porter Lisa Arnold, South Region...........................................................................Home Bank, Martinsville Mark E. Bruin, South Region ...............................................The National Bank of Indianapolis Gregory Inman, South Region .......................Scottsburg Building and Loan Association IBA FUTURE LEADERSHIP DIVISION ADVISORY BOARD Brock C. Goggins, President ................................................... German American Bank, Jasper Michael J. Clampitt, Vice President .....................................................North Salem State Bank Ryan Anderson .............................................................The Fountain Trust Company, Covington Greg Barnes Jr. .....................................................................................................STAR Bank, Fort Wayne Jenilee Bransteter........................................................................................................First Bank of Berne Ryan Cook .................................................................................................Mutual Savings Bank, Franklin Kyle Goodwin ................................................................................................................DeMotte State Bank Christopher Griffith ..............................................................................First Harrison Bank, Corydon Zach Hockersmith ...........................................Hoosier Heartland State Bank, Crawfordsville Casey Johnson ....................................................................................................Home Bank, Martinsville Jonathon Malin ........................................................Community First Bank of Indiana, Kokomo Amanda Morris-Feldman ............................................First Federal Savings Bank, Rochester Larissa Nanna ...........................................................................................Old National Bank, Evansville Jon-Myckle D. Price .............................................Security Federal Savings Bank, Logansport Laura Shake.....................................................................................The National Bank of Indianapolis Casey Shireman ...........................................................................................................NWSB, Charlestown IBA STAFF Amber R. Van Til ............................................................................................................President and CEO Rod Lasley ................................................................................................................Chief Operating Officer Dax Denton ........................................................................................................................Chief Policy Officer 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 Evan Hoffmeyer ....................................................Assistant Vice President - Communications Emily Brooks............................................................................................................Digital Media Manager 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 Silvia Peraza ..........................................................................................................Administrative Assistant HB HOOSIER BANKER indiana.bank OUR ASPIRATION The Indiana Bankers Association strives to grow stronger banks and stronger communities. OUR VALUES In fulfilling our mission, we will: n Maintain the highest ethics, integrity and respect for others; n Serve with professionalism, innovation and resourcefulness; n Instill passion, positive attitude and enthusiasm; n Remain mindful that the success of the IBA is judged by the success of its members.
IN THIS ISSUE 32 FORTRESS BALANCE SHEET Fortify Your Community Bank A strong bank must have a balance of different types of assets, each with its own risks and returns profiles. 20 ARTICLE SPOTLIGHT 2023 Mega Conference Think Forward Some 1,270 Hoosier bankers gathered in Indianapolis May 16-18 for the Association’s signature educational and networking event. “Be open to the wide variety of jobs that exist in banking.” 62 CLOSING NOTE IBA Board Review Mark E. Bruin, The National Bank of Indianapolis Get to know Mark Bruin, who joins the Indiana Bankers Association Board of Directors this year as a director representing the South Region. 10 2022 Commitment to Community Awards
LENDING / CREDIT 30 Loan Review Best Practices David Ruffin, IntelliCredit 50 Don't Sleep on Your Rights Timothy E.DeLaney and David J. Jurkiewiz, Bose McKinney & Evans LLP COMPLIANCE CONNECTION 52 Electronic Mortgage Loan Transactions Brett J. Ashton, Krieg DeVault LLP CLOSING NOTE 62 IBA Board Review Mark E. Bruin, The National Bank of Indianapolis DEPARTMENTS 15 IBA ‘High Five’ Awards 18 Aniversary Milestones 29 Taking It Easy 39 From the Board Room 39 Banking on Community 47 Associate Members' Corner 49 Honorable Mentions 55 Bankers on the Move 61 Banking Center News 61 Advertisers Index FEATURES 06 VANTAGE VIEWPOINT Amber R. Van Til, IBA 07 CHAIRMAN'S REPORT Jamie R. Shinabarger, Springs Valley Bank & Trust Company, Jasper 09 IBA CALENDAR OF EVENTS COVER STORY 10 The IBA Presents the 2022 C2C Award Nominations 26 2024 IBA OFFICER CANDIDATES 37 SAFETY AND SOUNDNESS REVIEW ON BOLI R. David Fritz, Jr., Executive Benefits Nework 38 AMERICA'S BANKS ARE STRONGER TOGETHER Robert S. Nichols, ABA 40 TELLING YOUR SMALL BUSINESS STORY Rebeca Romero Rainey, ICBA ARTICLES ARTICLE SPOTLIGHT 20 2023 Mega Conference Recap FLD FOCUS 24 Build the Banking Industry One Story at a Time Josh Myers, IBA GR SUMMIT 28 2023 Legislative Session Summary Dax Denton and Ross Teare, IBA DIRECTORS / SENIOR MANAGEMENT 32 The Fortress Balance Sheet and Community Banking Matt Harris, The Baker Group HUMAN RESOURCES 34 Getting on Board with Pay Transparency Debra A. Mastrian, Amundsen Davis LLC SALES & MARKETING 42 Turn Your Goals into Your Personal Business Work Plan Tony Cole, Anthony Cole Training Group LLC PRODUCT & SERVICES PROFILE 44 Interest Rate Risk and Liquidity Risk Rod Lasley, IBA AG BANKING 46 Uncertainty Looms for Ag Credit Markets Brady Brewer, Purdue University INDIANA BANK & THRIFT UPDATE 48 Stock Analysis Michael A. Renninger, Renninger & Associates LLC 39 61 INTERACT WITH US
6 JULY / AUGUST 2023 Don’t Miss Out! Annual Convention Aug. 27-29 Indiana bank leaders convene, connect and conduct business in scenic French Lick. Security & Technology Conference Sept. 6-8 Heighten awareness and take your bank’s security posture to the next level. IBA Annual Washington Trip Sept. 25-27 Join the chorus and make your voice heard on industry issues in our nation’s capital. For event updates, visit: indiana.bank/calendar Amber R. Van Til President and CEO Indiana Bankers Association AVanTil@indiana.bank VANTAGE VIEWPOINT It’s hard to believe we’re already in the second half of the year! Your Association has already accomplished so much in the first six months, including an enviably successful legislative session and another marked increase in Mega Conference attendance. Read more about this year’s event starting on page 20 of this issue. We have plenty left on the schedule for you to get involved through the end of the year, including the annual IBA Washington Trip Sept. 25-27. Registration is now open through the IBA website. Just look for the banner at the top of the home page. We had more than 70 participants from 28 banks last year. We would love to see that cross over to 30 this year, so be sure to tell your colleagues at other banks to consider joining us if they haven’t before. The more institutions represented, the stronger our voice when we have our meetings with lawmakers and regulators. In August, we will induct our sixth class of Leaders in Banking Excellence. Meet this year’s honorees on page 8 of this issue. We’ll have more about each of them in the September/October issue of Hoosier Banker. As you come in to the IBA offices for our many educational opportunities, you will soon be greeted by our brand new LBE Wall permanently recognizing all our honorees since the program was created in 2018. I am proud of these and the many more benefits we provide to our members every year while still maintaining some of the lowest dues levels among state bankers associations across the country. Even with the modest increase the Board implemented this year, we can still boast some of the lowest dues in the country. This is due in large part to our associate members’ ongoing support of the Association through sponsorships, advertising and royalties. Our associate members are incredibly skilled in their specific service areas. If you ever find yourself in need of a new vendor, be sure to head to the IBA website at indiana.bank and look under the Products & Services tab to check out our endorsed partners in your area(s) of need, or use the Member Search function to look through all of our associate members. If you would like to recommend a vendor not currently in our network, be sure to contact Rod Lasley at RLasley@indiana.bank or 317-387-9380. From education and events to government relations and associate member relationships, our mission as an Association is to provide the tools you need to best serve your customers. Or, as our aspiration statement says, “The IBA strives to grow stronger banks and stronger communities.” As always, reach out to anyone on the IBA staff if there is ever anything more we can do to serve you in this regard. HB Approximately 1,270 bankers and merchants attended the 2023 IBA Mega Conference at the Indiana Convention Center in Indianapolis, May 16-18.
Hoosier Banker 7 Since we are now in the second half of 2023, dues statements have been mailed and it’s a great time to reflect on the value of your Indiana Bankers Association membership. Let’s start foundationally by looking at the meaning of “membership” through the exploration of synonyms: % community % organization % team % group % association % partnership These words embody the various facets of membership. They imply a common interest, collective effort, camaraderie, benefits, strength in numbers and a strategic structure. It is within this foundational context that I suggest a thoughtful, detailed and strategic dissection of the IBA’s core value proposition: Is there an explicit and/or implicit value associated with being a part of the one and only premier Indiana bank trade group? I think the answer is unequivocally “yes” on both counts. Across five defined areas in the IBA’s Strategic Plan, the power of collectiveness reverberates. Together we are stronger and possess more clout than as individual banks. When we pool our resources (BANKPAC dollars, for example), our voice is louder, and our positions are more clearly articulated. If each member bank had to designate staff and resources to government relations, how could that possibly improve upon a team of GR experts who have built a reputation of trust and respect within the halls of the Statehouse and U.S. Capitol? The benefits of scale are further realized when we collectively support IBA training across an almost limitless list of banking and governance subjects. When we send our best and brightest to IBA banking talent events, meetings or other opportunities to engage with other banks across the state, we again tap into the power of membership. And could we as individuals ever expect to communicate across the state the way the Hoosier Banker does on our behalf or tell the story of community banking as effectively? While it is true that each member bank has its own story to tell, the gospel of community banking is best preached with one collective voice, and that voice is IBA. Finally, when we as member banks are exploring new services, vendors or technologies, what a relief it is to know IBA has done most of the heavy lifting through vetting of Preferred Service Providers. Rest assured these areas highlighted above are not exhaustive. They may represent the main course - the entrée, if you will - but there are other opportunities on IBA’s menu that make up the appetizer and dessert. Inventory these many points of your staff’s engagement and assign an explicit and implicit value as a part of your analysis. When you receive your dues statement this year, I hope you will do three things for me: Jamie R. Shinabarger Chairman Indiana Bankers Association CEO and Director Springs Valley Bank & Trust Company, Jasper CHAIRMAN'S REPORT Merchants Bank of Indiana • @MerchantsBankIN • May 18 Earlier this month we were honored to partner with @BigBroBigSisIND to host a game night event! Big and Littles had a blast spending quality time together playing basketball, board games, and ping pong here at our headquarters in Carmel. Citizens State Bank • @CSB_Indiana • May 12 We are so proud to support @HenryCoYMCA, especially the youth sports program! A special thanks to Asst. Commercial Loan Officer Ean Southerland for taking the time to coach! #Community #TooCute Springs Valley Bank & Trust Company • @SpringsValleyBT • Apr 15 DPI (Downtown Princeton Indiana) is preparing for the 2023 Annual Freedom Festival! Springs Valley has donated $200.00 for the annual fireworks show! Fireworks start at dusk on July 4th at the Gibson County Fairgrounds! #svbtloyaltoyou #svbtgivesback #PrincetonIN First Harrison Bank • @FirstHarrison • Apr 7 Our Salem branch is collecting food, toiletry, and monetary donations for Washington County Food Bank through April 27! Centier Bank • @CentierBank • Mar 29 Centier Bank presented a donation to the Boys and Girls Club of #NWI JWA Gary Club for its new Incentive Bank! This new financial literacy initiative will educate youth on how to develop money management skills. They’ll also learn the basics of being a bank teller. Follow IBA Twitter @indianabankers NOTABLE QUOTES Bank Community Service on Twitter % First, reflect on these and many more examples of how the IBA provides the structural nucleus to bring our dollars, human resources, ideas and energies to bear in favor of community banking across the state. % Secondly, I challenge you to use IBA services and resources lavishly not only for the benefit of your bank, but also for the benefit of the other member banks across the state. % Lastly, I challenge you and your staff, top to bottom, to engage vociferously with the Association. Set some aggressive goals targeting your staff’s participation with leadership development, the annual trip in Washington, D.C., a successful BANKPAC campaign, Regional Meetings and by representing your financial institution at the Legislative Reception. What’s in it for you? Your bank grows; your talent grows; your brand grows; your influence with fellow bankers, legislators and regulators grows; and you help maintain a manageable banking legislative and regulatory playing field. Let me leave you with this quote from Al Duncan: “You’re moving forward or backwards; there is no standing still.” HB
View full calendar and register online at indiana.bank/calendar, or click on the icons above in HB Digital. IBA Center for Professional Development | 8425 Woodfield Crossing Blvd., Suite 155E | Indianapolis, IN 46240 | 317-387-9380 ONLINE Build knowledge via webinars or on-demand. CLASSROOM Learn with peers in a classroom setting. SCHOOLS Deepen understanding through multi-day learning. EVENTS Experience a variety of IBA gatherings. CONFERENCES Convene and connect at signature IBA events. Calendar of Events Emerging Leader Digital Program: Influence & Relationships (2 of 6) July 25 • Virtual Frontline Branch Series – Session 3: Your Advisory Role July 26 • Virtual Community Bankers for Compliance – Session 3: Customer Due Diligence in 2024 and Beyond Aug. 8 • IBA Center Flood Insurance Aug. 9 • IBA Center Safe Deposit Box Update: Security & Disaster Recovery Issues – Part 1 Aug. 10 • Virtual Chief Operations Officer Forum Aug. 11 • IBA Center Treasury Management Forum Aug. 11 • IBA Center Retail Banking Management Series: Serving with Excellence and Growing the Retail Branch (3 of 4) Aug. 15 • IBA Center Emerging Leader Digital Program: Time Management (3 of 6) Aug. 15 • Virtual BSA for the Frontline Aug. 16 • Virtual Certified Banking Vendor Manager Aug. 16-17 • Lewis University Oak Brook, Ill. BSA for the Frontline Aug. 17 • Virtual Safe Deposit Box Update: Regulatory Compliance & Legal Issues – Part 2 Aug. 17 • Virtual Consumer Lending School Aug. 21-22 • IBA Center Loan Operations Manager Forum Aug. 23 • IBA Center Leadership Development Program – Session 3 Aug. 22-24 • Abe Martin Lodge Brown County State Park Annual Convention Aug. 27-29 • French Lick Resort Frontline Branch Series – Session 4: Ambassadorship and Growth Aug. 30 • Virtual 2023 Security & Technology Conference Sept. 6-8 • Renaissance Hotel • Carmel Fundamentals of Commercial Banking 201: Analyzing Repayment Sources Sept. 7 • Virtual Emerging Leader Digital Program – Session 4: Communications and Conflict Sept. 12 • Virtual Advanced Agricultural Lenders Conference Sept. 12-13 • Doubletree by Hilton Lafayette FLD Leadership Conference Sept. 12-13 • Omni Severin Hotel Indianapolis Retail Banking Forum Sept. 13 • IBA Center Essentials of Banking – Session 4: Safeguarding, Providing Exceptional Service & Growing the Bank Sept. 14 • Virtual Call Report Preparation Sept. 19-20 • IBA Center Mortgage Lending School Sept. 19-21 • IBA Center New Account Documentation & Compliance Sept. 26 • IBA Center BSA Fundamentals Sept. 26-27 • Virtual Train the Trainer Sept. 27-28 • IBA Center BSA Officer Forum Oct. 3 • IBA Center Senior Lender Forum – Group 1 Oct 4 • IBA Center Senior Lender Forum – Group 2 Oct 5 • IBA Center Stepping Up to Supervisor Oct. 5 • IBA Center Creating Content with a Click: A Hands-on Video Workshop Oct. 5 • Virtual Commercial and Residential Appraisal Review & Interpreting Oct. 6 • IBA Center Compliance Officer Forum Oct. 10 • IBA Center Construction Loan Administration & Monitoring Oct. 10 • IBA Center NOTE: For the latest information about IBA event dates, locations and format, please visit: indiana.bank/calendar CALENDAR UPDATE
10 JULY / AUGUST 2023 COVER STORY The IBA Presents the 2022 C2C Award Nominations Asset size: Under $500 million Alliance Bank, Francesville Alliance Bank aims to be fully engrained in the communities it serves, rather than “on the outside looking in.” The time and money the bank gives are reflective of its values and purpose as a community bank. Priority is given to programs that enhance the local economy, support agriculture and small businesses, and draw community residents together. In 2022, the bank volunteered a total of 988 hours and donations totaled $72,948. The bank also made one of its largest commitments to date, a 5-year pledge totaling $25,000 to Appleseed Childhood Education for a new daycare center in Rensselaer. Bath State Bank Bath State Bank’s mission statement is “Building genuine relationships with our customers and community by caring for them like family.” The bank celebrated its 98th year in banking in 2022 and, in celebration, committed to increasing teenage financial education awareness. This endeavor included financial literacy classes for high schoolers, an in-school “mini-branch” of the bank and an expansion to the bank’s existing partnership with Junior Achievement. Bath State Bank received the “Small But Mighty” corporate award for volunteerism and financial support of Junior Achievement of Eastern Indiana. Overall, the bank delivered support to almost 200 entities totaling nearly $90,000 in 2022. First Federal Savings Bank, Huntington One of First Federal Savings Bank’s core values is providing quality service for both customers and the community. The bank prides itself on being a community bank, and recognizes that many employees live in the area and truly care about the community’s wellbeing. Many employees offer their service to community organizations, and some 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 2022 awards, Hoosier Heartland State Bank, Crawfordsville, won in the category of banks under $500 million in assets, and Alliance Bank Bath State Bank First Bank Richmond won in the category of $500 million and above. Finalists were Alliance Bank, Francesville, and Wayne Bank and Trust Company, Richmond, in the under $500 million category; and Citizens State Bank, New Castle, and Community First Bank of Indiana, Kokomo, in the $500 million+ category. Each of the following 30 nominees answered questions that align with an evaluation rubric, and all entries were reviewed and scored by the Nebraska Bankers Association.
Hoosier Banker 11 choose to serve in leadership roles. Each year, the bank partners with the United Way of Huntington County for a fundraising campaign. The bank held a raffle and added additional “jeans days” to encourage employees from all seven branches to participate and raise funds for the United Way. In 2022, First Federal donated nearly $19,000. Garrett State Bank Garrett State Bank is committed to the financial growth of the communities it serves and regularly commits resources toward their prosperity. The main ways the bank supports the local community are through financial literacy education, volunteering and service projects. Annually, the bank teaches a basic financial literacy lesson in local first grade classrooms. Additionally, the bank offers itself as a knowledge resource to local businesses in order to educate the local workforce on financial literacy and answer any financial questions they may have. The bank has a dedicated community service program, titled Giving Something Back (GSB) Award Hours, which offers paid time off for volunteering in the community. The Hometown Savings Bank, Terre Haute The Hometown Savings Bank identifies as an extremely community-minded financial institution, as reflected in its name – providing a “hometown” experience to its customers and communities is the bank’s goal. The bank is continually working with local officials, nonprofits and local organizations to be at the forefront of community needs. For example, the bank partnered with Habitat for Humanity in 2022 to help with the renovation of a three-bedroom home in Terre Haute in response to the housing shortage. Overall, The Hometown Savings Bank aims to play an integral role in creating long-term, positive changes for the community. Hoosier Heartland State Bank, Crawfordsville Hoosier Heartland State Bank has a standing commitment to donate 10% of its annual income to local nonprofits, schools and other service programs, donating over $1.5 million since 2013. The bank offers many opportunities and incentives to give back to the community, including a Volunteer Time Off program, monthly prize drawings for volunteers, and a yearly event, called the Shared Values Awards, that recognizes team members for their philanthropic efforts. The bank works tirelessly to foster a culture of service within the organization and sustain its reputation as a trusted and respected institution in the local community. Indiana Trust Wealth Management, Mishawaka Indiana Trust Wealth Management seeks to lead by example in helping to provide for the underserved members of the community. Indiana Trust also has a special dedication to supporting the arts, which it believes are a vital component of healthy communities. In 2022, Indiana Trust honored 14 charities with Indiana Trust Nonprofit Spotlight Awards, which includes a $1,000 corporate gift, employee gift-matching, and recognition on the bank’s blog and social media for each charity. Indiana Trust specifically encourages employee volunteerism with nonprofit and community organizations they care about through board and committee memberships, service projects and individual financial support. Garrett State Bank The Hometown Savings Bank Hoosier Heartland State Bank Indiana Trust Wealth Management
12 JULY / AUGUST 2023 Security Federal Savings Bank, Logansport At Security Federal Savings Bank, commitment to community means putting dollars where employees’ hearts are. The bank invests 10% of its earnings into area scholarships, donations and charitable contributions. In 2021, the bank created the “W.E. Stand” committee that focuses on serving the underserved and unserved people in its communities, “W.E.” standing for “without exception.” The bank also holds local meetings each month that consist of team members in particular markets who vote on what is most important to them in their own communities. Employees are encouraged to personally be involved in the community by finding causes they truly care about. Tri-County Bank & Trust Company, Roachdale Tri-County Bank & Trust Company aims to financially support many local projects and events, plus encourages staff to take part in community efforts. One unique community project the bank has undertaken for the last two years is opening one of its branches overnight to offer hot food and a place to rest for workers removing heavy snow in downtown Crawfordsville. Bank staff are highly encouraged to be active in causes important to the community and that reflect their own personal interests. One of the bank’s core beliefs is that it is only as strong as the communities it serves. Wayne Bank & Trust Company, Richmond Wayne Bank has been deeply committed to the Wayne County community since its start in 1882. Last year, the bank celebrated 140 years of service, and in celebration announced a partnership with Boys & Girls Club in Cambridge City that will provide after-school proSecurity Federal Savings Bank Tri-County Bank & Trust Company Hey Hoosiers: Teach Children to Save with the ABA Foundation. Register for free aba.com/Teach It’s easier and more fun than ever – for bankers, and for kids.
Hoosier Banker 13 gramming to 70+ students on a daily basis. $200,000 was committed to ensure the club’s continued success and financial sustainability. In 2022, Wayne Bank also provided financial support to another 90+ organizations. Employees of the bank give generously of their time in various ways, including church involvement, nonprofit board service, involvement with local school districts and their extracurriculars, and beyond. Asset size: $500 million and above Busey Bank, Champaign, Illinois Busey Bank is proud to give back to its communities by building trusted relationships that span generations. In 2022, Busey partnered with Servant’s Heart of Indy, Family Promise and the Salvation Army to donate items collected during Busey Drives Generosity such as socks, school supplies and food. This campaign offered the opportunity for customers and associates to give back to neighbors in need. The bank’s annual United Way benefit campaign provides the opportunity for teams to volunteer, raise funds and learn more about the organization. Offering these campaigns to associates brings awareness and action to the mission of serving one of Busey’s pillars – the community! Centier Bank, Merrillville Centier Bank seeks to strategically give back through corporate giving, volunteerism and other forms of philanthropy. The bank’s community relations department exists solely for the purpose of supporting the community and ensuring outreach and philanthropic efforts are being maximized. To encourage employee volunteerism, the bank offers eight hours of paid time off to volunteer, referred to as “Heart of the Community” time off. For every 50 hours of volunteerism an associate completes, the bank donates $50 to the charity of that associate’s choice. The bank believes that by neighbors serving neighbors, everyone is working together toward an even better tomorrow. Citizens State Bank, New Castle Citizens State Bank aims to take a multi-faceted approach to community support. Supporting local organizations with resources, whether financial or otherwise, is paramount. For example, the bank often offers its facilities to organizations that don’t have their own offices. The bank actively engages associates in the organizations and projects it supports, understanding that as local residents, they have a valuable perspective on their community’s needs. All employees receive 20 paid hours each year to volunteer during work hours. Associates are also encouraged to give financial literacy presentations, including teaching at local schools and organizations; talking with residents at assisted-living facilities about financial fraud; working with participants in local domestic-abuse programs; and more. Community First Bank of Indiana, Kokomo The story of banking at Community First Bank of Indiana is investing in others to empower them to have a greater impact on the community. Servant leadership and community involvement are two of the bank’s core values, and 2022 was a year of strengthening and relaunching bank programs/policies to better enable employees to serve. Branches hosted multiple supply drives in 2022 to support Open Doors, Family Service Association of Howard County, Westfield Wayne Bank & Trust Company Busey Bank Centier Bank Citizens State Bank
14 JULY / AUGUST 2023 Education Foundation and more. The “CFB Cares” employee committee plans service events for the entire bank, including the bank’s annual Veterans Day project, which served nearly 200 local veterans in 2022. The Farmers Bank, Frankfort Serving the community is at the core of The Farmers Bank’s values. In 2022, the bank partnered with Meals of Hope to provide over 50,000 meals to Boone, Clinton and Hamilton counties for the bank’s annual “We Care Day.” Overall, the bank aims to support economic development, innovation and social well-being, so community engagement and corporate philanthropy are top priority. The bank supports numerous local educational and community development projects with a direct positive impact on customers and neighbors. The Farmers Bank believes that its purpose is to care, educate and serve to inspire a better future for all. Farmers State Bank, LaGrange The mission of Farmers State Bank is “to make a difference in the communities we serve.” The bank believes that having a positive impact on its communities is the reason the bank exists. In 2022, the bank committed over $500,000 to student athletes when athletic funds were depleted due to the lack of ticket and concession sales caused by COVID. The bank strives to maintain its reputation as a “go to” resource when the community has a need. The LaGrange County Community First Bank of Indiana The Farmers Bank
Hoosier Banker 15 Chamber recently named the bank Member of the Year for its community support, and the Angola Chamber recently named the bank Top Community Contributor. First Bank Richmond First Bank Richmond is committed to being an integral partner to the communities in which it serves. In 2022, the bank donated more than $620,000 to local nonprofit organizations; additionally, 50% of bank staff served on a board or committee of a local nonprofit organization. The bank’s four key areas of focus in community support are education, financial literacy, physical and mental health, and the fostering of local nonprofit organizations. Fostering a work environment that encourages employee philanthropy is of utmost importance to the bank’s culture, and the bank prides itself on its robust commitment to support the efforts of local organizations. First Federal Savings Bank, Evansville First Federal Savings Bank’s brand is centered around the philosophy of community service. In 2022, the bank partnered with the International Red Cross to raise over $28,000 for Ukrainian refugees in recognition of the large pre-existing Ukrainian population in the local community. Each holiday season, all banking centers contribute to Toys for Tots, Jubilee Christmas and the Fill the Truck toy drive. Employees are encouraged to submit sponsorship or donation requests, which are regularly reviewed by leadership. The bank also has a Volunteer and Community Involvement Program, in which employees are encouraged to volunteer at least four hours per month to be in the running for an award. First Financial Bank, NA, Terre Haute First Financial Bank is committed to pouring time, energy and financial support into the communities it serves, recognizing that those investments will help improve the quality of life for everyone. In economic development, revitalization, stabilization, affordable housing and community services for 2022, the bank was able to help 39 organizations with $4.15 million raised. Organizations supported include St. Jude Children’s Research Hospital, Boys & Girls Club and the United Farmers State Bank First Bank Richmond First Federal Savings Bank Congratulations to Dax Denton and Silvia Peraza, who were honored with the Indiana Bankers Association High Five Award in April and May, respectively. Denton is IBA’s chief policy officer and Peraza serves as IBA’s administrative assistant. The High Five Awards support professional development by inviting Association members and staff to submit names of IBA employees who perform outstanding acts of service. Nominations are read at monthly staff meetings, and a drawing determines the winner. To nominate an IBA employee for the High Five Award, call 317-387-9380 or email HB@indiana.bank. HB Dax Denton HI 5 IBA ‘HIGH FIVE’ AWARDS Silvia Peraza
16 JULY / AUGUST 2023 Way. The bank holds an annual shareholder meeting to discuss the needs of its communities. All employees are shareholders and can help bring matters to the forefront. First Harrison Bank, Corydon First Harrison Bank aims to be the heartbeat of each community it serves. For over 15 years, the bank has been a dedicated supporter of Personal Counseling Services in Clarksville, Indiana. Sixty-seven percent of their clients are children and youth, with 57% at or below the federal poverty guidelines. Each year PCS hosts the Norman Melhiser Samaritan Awards Gala, which raised $95,000 in donations in 2022 with the bank’s support. The bank takes pride in not only supporting its communities financially, but by being actively involved. At its core, the bank believes that when the community thrives, the bank thrives, too. First Merchants Bank, Muncie First Merchants Bank aims to lift its communities through five focus areas: employee empowerment and volunteerism; community investments and charitable giving; diversity, equity and inclusion; financial wellness; and community lending. The bank has a special commitment to affordable housing, offering dedicated community lenders serving redevelopment areas and creating greater accessibility to homeownership. Through the First Merchants Serves program, employees are encouraged to volunteer with community partners, deliver financial wellness programs and aid in addressing the racial wealth disparity across its markets. First Merchants believes that banks have always been a foundational pillar for successful communities, so the bank takes responsibility for nurturing the communities it serves. First Savings Bank, Jeffersonville First Savings Bank believes that it’s the bank’s duty and privilege to do its part in making the community better and help it thrive. In 2022, the bank provided $637,048 in financial support to various charities, nonprofits and community organizations. Employees also volunteered over 5,700 community service hours. The bank has an employee-led charity committee with a two-fold focus: addressing community needs and addressing employee needs. The charity committee raised $28,000 in employee-funded donations in 2022. Always looking to improve, the bank also actively seeks employee feedback and suggestions on community service efforts. First Savings Bank recognizes that it is a better organization when it comes together with the community. Horizon Bank, Michigan City Each year Horizon Bank embarks on a new adventure of serving its communities by volunteering, offering financial education and awarding community loans, scholarships and charitable grants. In 2022, the bank awarded more than $950,000 in charitable grants and donations supporting organizations with a focus on education, arts, housing, economic development and First Savings Bank Horizon Bank First Financial Bank, NA First Harrison Bank First Merchants Bank
Hoosier Banker 17 more. To encourage volunteerism, the bank provides paid time off to volunteer and recognizes employee efforts with awards each year. Bank employees participated in hundreds of financial literacy events last year and accumulated over 2,600 volunteer hours. Throughout its 150 years in business, Horizon Bank has always believed that banking is primarily about people first. JCBank, Seymour JCBank is dedicated to supporting local organizations and initiatives that enhance the lives of the people in local communities. In 2022, the bank donated nearly $114,000 to local charities, schools, community foundations and various deserving organizations. Along with monetary support, employees donated 4,622 volunteer hours with a variety of community organizations. In July 2022, employees from all JCBank locations came together to build a Habitat for Humanity home in Bloomington. In addition, the bank donated $10,000 to Habitat for Humanity of Monroe County. As a community bank, JCBank sees it as a privilege to support organizations that make its communities a better place to live. KeyBank, NA, Cleveland, Ohio KeyBank sees its purpose as helping the communities it serves thrive. The bank supports Indiana and all of the communities it’s part of through employee volunteerism and providing local nonprofits with funding through the KeyBank Foundation. Each year, bank staff takes part in Neighbors Make the Difference Day, a day on which thousands of KeyBank teammates across the country contribute their time and talents to local nonprofit organizations to give back to their local communities. KeyBank believes that banking is about building relationships, and the bank’s story is one of relationship building and being committed to its purpose of helping communities succeed. JCBank KeyBank, NA Merchants Bank of Indiana, Carmel Merchants Bank of Indiana’s mission is to serve its local community by supporting the advancement of affordable housing, improving education with an emphasis on financial literacy and stimulating economic development. The bank has a commitment to affordable multifamily lending, originating over $600 million in Indiana in 2022 in support of much needed quality housing for low- and moderate-income residents. In 2022, the bank hosted several company-wide volunteer events, including five home builds with Habitat for Humanity, collecting coats and supplies to help kids and families, and packing 13,000 meals for the Million Meal Movement. Since its founding, the bank has remained devoted to serving the needs of its customers and community. North Salem State Bank For 100 years, supporting the economic health of the community has been the centerpiece of North Salem State Bank’s mission. Last year, bank employees spent more than 5,800 hours volunteering with more than 165 organizations, sat on 50 community boards and provided 650 hours coaching young people in athletic, arts and academic activities. As the bank’s footprint has expanded, employees have tailored their volunteering and support to each area’s specific needs. One annual project is a food drive held each December, and items donated are shared between food pantries throughout the bank’s footprint. The bank’s tagline, “Where Caring Still Counts,” underscores the culture of service developed among employees. Merchants Bank of Indiana North Salem State Bank
18 JULY / AUGUST 2023 Peoples Bank, Munster Peoples Bank is deeply rooted and committed to serving the needs of Northwest Indiana and Chicagoland and helping these communities be more successful. Employees are encouraged to volunteer at local events and for board and leadership positions with organizations that continue to make a difference in the community, and the bank saw record volunteerism in 2022. Volunteers also participate in outreach efforts, providing financial literacy and education through various programs and presentations to area schools and local residents. Employee engagement assists with getting Peoples Bank into centers of influence to be able to make an impact in the communities they serve. STAR Bank, Fort Wayne Giving back to the community is central to STAR Bank’s core values. Each employee is allotted eight hours of paid volunteer time off each year, though many go above and beyond that. In 2022 alone, 128 employees spent 701 hours volunteering at area nonprofits. The bank was also awarded the Shrine Spirit of Excellence Award by the Veteran’s National Shrine & Museum. Corporately, STAR contributed over $400,000 in 2022 to over 80 area nonprofits. The bank focuses on three main pillars in its community efforts: the arts, education and economic redevelopment. STAR believes it takes a village to truly make a difference with customers and non-customers alike. Peoples Bank STAR Bank United Fidelity Bank, Evansville Since 1914, it’s been the mission of United Fidelity Bank to serve local communities. As a community leader, the bank’s commitment is primarily facilitated through the giving of time, talent and financial support. Bank staff provide hands-on financial literacy courses, monetarily support a diverse range of nonprofit organizations, assist youth sports programs by devoting time and funding, support school activities, execute numerous free community events and more. In 2022, staff volunteered a total of 1,230 hours toward local organizations. Additionally, bank staff performed 61 hours of financial literacy classes and supported over 69 local organizations and nonprofits with financial donations totaling $73,000. Thank you to the IBA-member banks that participated in the 2022 C2C Awards program. Nominations are now open for the 2023 Commitment to Community Awards at indiana.bank/CommitmentCommunity-Award. HB United Fidelity Bank ANNIVERSARY MILESTONES Saluting 20+ years of banking service Dianna Geyer, assistant trust officer, customer service representative at Farmers & Merchants Bank, Boswell, has completed 45 years of service with the bank. She previously served in human resources and as a drive-up teller. Geyer was trained by the bank as a co-op student in 1977 before joining full-time in 1978, and has been with the bank ever since. She volunteers with numerous bank initiatives including the 4-H fairs in Benton & Warren counties. Don Neel, president and CEO of United Fidelity Bank, Evansville, has completed 30 years of service with the bank. He first joined the bank in April 1993 as senior vice president, chief financial officer, before being promoted to president and CEO in April 2000. Neel earned his bachelor’s degree from the University of Southern Indiana and holds the certified public accountant designation. HB
High-yielding. High-quality. Highly-coveted. WA FICO: 736 WA Income: $295,613 Avg Loan Size: $142,017 WA Years in Industry: 19 WA DSCR: 2.26 2023 BHG borrower: Nellie Szczech EVP, Institutional Relationships Nellie@bhg-inc.com 315.383.9648 BHGBank.Network/IN To learn more about BHG, please contact:
ARTICLE SPOTLIGHT Hoosier Bankers Think Forward 2023 Mega Conference Recap 20 JULY / AUGUST 2023
The Indiana Bankers Association’s annual Mega Conference this year encouraged Hoosier bankers to “Think Forward” because, in the world of banking, it is imperative for your initiative to stand out to get your institution noticed. The 2023 conference saw another significant increase in attendance to 1,270, up from 1,100 in 2022 and 1,000 in 2021 after an in-person hiatus in 2020 caused by the COVID-19 pandemic. Mega Conference is the Association’s signature event each year and the largest state bankers association meeting in the nation. The conference kicked off Tuesday, May 16, with an afternoon golf tournament through cloudy weather at Eagle Creek Golf Club on the northwest side of Indianapolis. That evening, the IBA hosted its annual Associate Member Appreciation Reception at The Westin Indianapolis hotel in recognition of the many associate members that make Mega possible each year. Bankers and associate members enjoyed drinks and hors d’oeuvres while networking with one another. The evening concluded with the popular hospitality suite in the Governor’s Suite at the Westin. On Wednesday, the conference schedule began in earnest with two morning and two afternoon rounds of educational breakout sessions, with six sessions to choose from in each slot. Wednesday morning also featured the return of last year’s popular Fintech Showcase, sponsored by Profit Resources Inc. The showcase featured live pitches from emerging companies displaying their new technologies and opportunities to implement innovative solutions specifically designed for community banks and their customers. Between the morning and afternoon sessions was a lunch keynote featuring Jack Uldrich, who discussed how to future-proof your business in transformational times. The luncheon also featured the presentation of Diamond Associate Member awards and recognition of this year’s Five-Star Bank members. After the day’s educational sessions wrapped up, bankers returned to the exhibit hall for the Mega Celebration, where they mingled with one another and associate members over food and drinks. That evening, the IBA Future Leadership Division gathered for a casual networking event at Goodwood Brewing, just a short walk from the convention center. All conference attendees were then invited back to the hospitality suite for another evening of fun, conversation, food and drinks. Thursday brought another four rounds of education sessions, again with six options each. At lunch, keynote speaker Meridith Elliott Powell urged attendees to redefine success in order to build a team that thrives in periods of change like the banking sector is currently experiencing. The luncheon also featured the announcement of this year’s Commitment to Community Award winners. The program is designed to showcase exceptional community bank outreach in the state. Congratulations to Hoosier Heartland State Bank, Crawfordsville, for winning the category for banks with under $500 million in assets, and First Bank Richmond for winning the category for banks with $500 million or more in assets. 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 6-8, 2024, at the Indiana Convention Center. HB Hoosier Banker 21
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