Hoosier Banker 55 to incorporate the discount window into contingency funding plans. As with other types of contingency funding, banks should be operationally ready to use the discount window rather than waiting until it’s needed. To be ready, banks need to establish borrowing arrangements and understand the pledging process for various collateral types. The agencies also noted that pre-pledging collateral is possible and can speed up the process of obtaining discount window loans. Regular testing of discount window readiness with small value transactions is encouraged. 1 These supervisors consist of the Federal Reserve System, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, the National Credit Union Administration and state supervisors as represented by the Conference of State Bank Supervisors. 2 https://bit.ly/LiquidityRisks 3 https://bit.ly/Risk2010 4 https://bit.ly/LiquidityIssues 5 https://bit.ly/3tHJ4pK No Stigma in Establishing Diverse Funding Strategy Federal and state banking regulatory agencies have actively encouraged bank management to establish discount window or BTFP access and have made clear that institutions will not be criticized for establishing these lines of credit. Yet, I continue to hear concerns from some bankers about the possible stigma associated with using these programs. Consistent with the interagency guidance, our bank examiners will not criticize an institution for establishing a diverse funding strategy to meet liquidity needs in stressful situations that might arise. HB CHERRY BEKAERT / Louisville Cherry Bekaert, one of the largest assurance, tax and advisory firms in the U.S., acquired IBA associate member MCM CPAs & Advisors LLP in August. The acquisition expanded Cherry Bekaert’s footprint into three new states – Indiana, Kentucky and Ohio. A spokesperson said MCM clients will benefit from new and innovative business advisory services included in Cherry Bekaert’s portfolio. Kathy Herbig has joined the company as a tax partner. She has more than 20 years of experience providing tax compliance and consulting services to clients from $70 million in assets to publicly traded, multi-state financial institutions with multi-billion-dollar total assets. Herbig earned a bachelor’s degree from the University of Louisville. HB ASSOCIATE MEMBERS’ CORNER BankTech Ventures Carey Ransom, 310.699.8107 BankTechVentures.com Built by community bankers for community banks, BankTech Ventures invests in leading, innovative tech companies that support the future of the industry. With over 100 community banks as investors, 15 portfolio companies so far and a team of bank, fintech and investment professionals, BankTech’s ecosystem is ensuring a vibrant future for community banking. Pioneer-360 Taylor McCartney, 330.364.1137 Pioneer-360.com Pioneer-360 is a SOC 2 Type II Certified MSP/MSSP that provides managed IT and cybersecurity services to organizations of all sizes. HB Welcome, New Members The Indiana Bankers Association welcomes new associate members to the IBA network. To learn more about associate membership, please contact Rod Lasley, 317-387-9380, RLasley@indiana.bank
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