Hoosier Banker 47 State University and holds the SHRM-SCP professional designation (Society of Human Resources Management – Senior Certified Professional). Rich Jones has joined the board of directors for both the company and its holding loans. The ample liquidity on the farm balance sheet across much of the U.S. means that farmers have cash to spend on farm inputs instead of using a loan. This is especially true as interest rates continue to increase. The Federal Reserve Bank of Chicago reports that the average farm loan on a fixed interest rate for the first quarter of 2023 was just above 7.5%. Non-performing INDEPENDENT CORRESPONDENT BANKERS’ BANK INC. Frankfort, KY Todd Beers has been promoted to vice president, product development specialist. He has been with the company since 2005, most recently serving as sales manager. KRIEG DEVAULT LLP / Indianapolis Christopher J. Kulik has joined the firm as an associate in its health care practice. He is an active member of the Indianapolis Bar and American Health Law associations. Kulik earned his bachelor’s from Purdue University and obtained his law degree from the Indiana University Robert H. McKinney School of Law. UNITED BANKERS’ BANK Bloomington, MN Karen Von Guten has been promoted to vice president, USource manager. She has served with the USource team since 2012. She will now lead the team while also providing human resources consulting to USource customers. Von Guten has 30 years of human resources experience. She earned her bachelor’s degree from Minnesota ASSOCIATE MEMBERS’ CORNER loans have also been on the decline since farmers have cash on hand. The implications from this elevated liquidity in the agricultural sector and increased interest rates is that banks will be competing for farmers more intensely for the foreseeable future. With demand for loans decreasing, there are fewer loans to secure and, therefore, fewer customers looking. How long this environment lasts will depend on how quickly farmers burn through existing working capital. There seems to be reluctance among farmers to use credit given the now-elevated interest rates. It would seem that most farmers will prefer not to increase their cost of borrowing, instead using that existing working capital as a buffer. HB company. He has been the president and CEO of Randall State Bank in Randall, Minnesota, since August 2013. Jones has served as the Randall Area Business Group president and sits on the board of directors for the Brainerd Amateur Hockey Foundation. HB NG SIEM EXPANDED CLOUD/SaaS INTEGRATIONS IMPROVED DASHBOARDS MORE VISUAL/ USEFUL NEW ACKNOWLEDGMENT ENGINE WITH MORE REPORTING MORE RESPONSIVE REAL TIME NOTIFICATIONS MORE ROBUST NON-REPORTING DEVICES TRACKING SEGREGATED RESPONSE EDR/XDR/MDR INTEGRATIONS FASTER/MORE DATA NEW THREAT HUNTING/ REPORTING SUITE NEXT GEN INTRUSION/ PREVENTION CUSTOMIZABLE DASHBOARDS siem.infotex.com | feedback.infotex.com | offerings.infotex.com REAL TIME EVENT LOG ANALYSIS/ REPORTING
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