Grant Morris Walmoth, co-founder of Floodplain Consultants Inc., a Preferred Service Provider of the Indiana Bankers Association, passed away after a nine-year battle with cancer. He passed on Dec. 30, 2023, one day before his 61st birthday. He co-founded the company 33 years ago with his lifelong friend Wayne Capek. Walmoth’s unwavering commitment to excellence, tireless work ethic and enthusiasm were instrumental in the success and growth of the organization. Beyond his leadership and professional accomplishments, he was a cherished friend to many within the company, always ready with a smile, kind word or helping hand. Walmoth is survived by his wife, two daughters, a son-in-law, five grandsons, his mother and brother. changes to the fee income streams upon which banks have long depended could spell the end of free or low-cost checking products and popular rewards programs that consumers value. What’s perhaps most concerning, however, is the fact that regulators don’t seem to understand the full impact of their actions. As we observed with the Reg II rulemaking and the so-called “Basel III endgame” proposal, regulators are failing to adequately assess the potential costs of the individual regulations on banks and consumers, let alone contemplate what the cumulative impact of all these rules would be. ABA is sounding the alarm. We need to make sure policymakers in Washington — from members of the administration to lawmakers in Congress and regulators holding the rule-writing pens — understand that regulatory burden has a real-world cost, not just for banks but for consumers, small businesses and the American economy. If you’re reading this, I urge you to help us tell that story. Join our Bank Ambassador program to rekindle relationships with your congressional delegation and help educate policymakers about banking. Stay informed and send a letter about an issue that will affect your bank through ABA’s grassroots platform, SecureAmericanOpportunity.com. The sobering reality for banks right now is that rougher seas are likely ahead, but our best hope is to row together. IBA ‘HIGH FIVE’ AWARDS Congratulations to Susan Clark and Emily Brooks, who were honored with the Indiana Bankers Association High Five Award in December 2023 and January 2024, respectively. Clark serves as the IBA’s events and products & services assistant, and Brooks is the IBA’s digital media manager. 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. Robert S. Nichols President and CEO American Bankers Association RNichols@ABA.com Rob Nichols has been president and CEO of the American Bankers Association since 2015 after 10 years at the helm of the Financial Services Forum, a nonpartisan economic policy and advocacy organization. He also served in the George W. Bush administration as assistant secretary for public affairs at the Treasury Department. Susan Clark Emily Brooks IN MEMORY OF … MARCH/APRIL 2024 13
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