Features 6 Vantage Viewpoint By Amber R. Van Til, Indiana Bankers Association 7 Chairman’s Report By Benjamin J. Bochnowski, Indiana Bankers Association 8 2024 IBA Education Calendar COVER STORY 10 Leaders in Banking Excellence Class of 2024 28 Remaining Nimble Against a Litany of Regulation By Rebeca Romero Rainey, Independent Community Bankers of America 30 The “Other” CRA A Lesser-Known Tool in the Policy Toolbox By Robert S. Nichols, American Bankers Association 43 Lake City Bank Welcomes Summer Intern Class of 2024 44 State Deposits in Indiana Financial Institutions Jan. 1 – June 30, 2024 62 16 Complete IBA Commercial Lending School Articles OPERATIONS & TECHNOLOGY 16 Beyond a Buzzword A Look Into the World of Digital Transformation in Banking By Megan Cummins, Engage fi 53 Branch Closings Requirements and Nuances By Erin Busse, Compliance Alliance SECURITY & FRAUD 18 Faster Payments, Faster Fraud? Not So Fast! By Peter Glick, PCBB COMPLIANCE CONNECTION 20 Indiana Fair Lending Regulations By Brett J. Ashton, Krieg DeVault LLP GR SUMMIT 22 Regional Meetings: New Look, Same Mission By Dax Denton & Ross Teare, Indiana Bankers Association FLD FOCUS 24 Creating Connection Through Leadership By Josh Myers, Indiana Bankers Association BANKER PROFILE 32 Mollie Fry Director of Wellbeing & Total Rewards – First Financial Bank, Cincinnati HUMAN RESOURCES 41 Common FLSA Mistakes and Misconceptions About Overtime Pay By Debra A. Mastrian, Amundsen Davis LLC DIRECTORS & SENIOR MANAGEMENT 46 Interest Rate Risk in 2024 Model Assumptions in a Falling Rate Environment By Luke Mikles, The Baker Group 48 How CFPB’s Rule 1033 Could Affect Data Rights and Open Banking By Bradley Wallace, CSI PRODUCT & SERVICES PROFILE 56 Interest Rate Risk and Liquidity Risk Are Your ALCO and Board Ready for the Next Exam or Falling Rates? By Rod Lasley, Indiana Bankers Association Departments 6 Don’t Miss Out 21 Taking It Easy 34 Bankers on the Move 38 Banking on Community 39 In Memory Of … 50 Honorable Mentions 57 IBA ‘High Five’ Awards 59 Banking Center News 60 Associate Members’ Corner 62 Anniversary Milestones 63 From the Board Room 63 Advertiser Index 38 46 SEPTEMBER/OCTOBER 2024 5 INTERACT WITH IBA
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