banking system — enabling them to take advantage of deposit insurance protections, build credit and do so many other things that can only happen with a banking relationship. If the Fed’s Reg II proposal moves ahead, the very largest retailers will pocket that surplus to pad their bottom line — and consumers won’t see a penny of it. That’s a tradeoff that leaves our country poorer. 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. Robert S. Nichols President and CEO American Bankers Association RNichols@ABA.com WE’VE GOT THE TOOLS. YOU’VE GOT THE TALENT. Retaining top talent is a key issue in this competitive environment. Leaders understand the value of compensation and executive benefits and acknowledge their impact in driving retention. Still, there is a constant need to balance offerings with their bottom line. * 2023 NFP Executive Compensation and Benefits Trends Study Contact Todd Andritsch at todd.andritsch@nfp.com or 317.517.5000 executivebenefits.nfp.com Insurance services provided by Equias Alliance, LLC, a subsidiary of NFP Corp. (NFP). Doing business in California as Equias Alliance Insurance Services, LLC, (License #0H52337). Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Kestra IS is not affiliated with Equias Alliance LLC or NFP. Investor Disclosures: kestrafinancial.com/disclosures 92% of business leaders feel executive benefits have been successful in retaining top talent.* Michael A. Renninger Principal (317) 695-7939 mrenninger@renningerllc.com Securities offered through Ausdal Financial Partners, Inc., 5187 Utica Ridge Road Davenport, IA, 52807 (563)326-2064 Member: FINRA, SIPC. Renninger & Associates, LLC and Ausdal Financial Partners, Inc. are independently owned and operated. www.renningerllc.com "For an ObjecƟve Assessment of Your Challenges and Professional ExecuƟon of Your OpportuniƟes" Buy-Side and Sell-side Representa�on involving whole banks, branches, and non-bank affiliates Stock Valua�ons and Fairness Opinions CPA-trained and CFO-experienced Indiana professionals serving Indiana banks. Our services include: MAY/JUNE 2024 25
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