Pub 9 2021 Issue 1

1 The Community Banker Contents ©2021 Montana Independent Bankers | The newsLINK Group, LLC. All rights reserved. The Community Banker is published four times each year by The newsLINK Group, LLC for the Montana Independent Bankers and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the Montana Independent Bankers, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. The Community Banker is a collective work, and as such, some articles are submitted by authors who are independent of the Montana Independent Bankers. While the Community Banker encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at 855.747.4003. 2021 MIB BOARD OF DIRECTORS Amber Brown Peoples Bank of Deer Lodge Bill Coffee Stockman Bank, Miles City Daniel Day Bank of Montana, Missoula Shawn Dutton First Security Bank of Roundup Clinton Gerst Bank of Bozeman, Bozeman Scott Mizner American Bank, Bozeman Brice Kluth First State Bank of Shelby Kenny Martin First Montana Bank, Helena Mike Moore Stockmens Bank, Cascade Joel Rosenberg Three Rivers Bank of Montana, Kalispell Phil Willett Pioneer Federal Savings and Loan, Dillon Andrew West, President Eagle Bank, Polson awest@eaglebankmt.com Adam McQuiston, Vice President First Montana Bank, Missoula amcquiston@firstmontanabank.com Loren Brown, Secretary Ascent Bank, Helena lbrown@ascentbank.com Tim Schreiber, Treasurer Farmers State Bank, Florence tims@farmersebank.com Tom Christnacht, Immediate Past President First Security Bank of Deer Lodge tomc@1stsecuritydl.com Pete Johnson, ICBA State Director Opportunity Bank, Helena pjohnson@oppbank.com Jim Brown Executive Director Montana Independent Bankers jbrown@mibonline.org MIB STAFF 2021 MIB EXECUTIVE OFFICERS (406) 449-7444 jbrown@mibonline.org mibonline.org Montana Independent Bankers 1812 11th Ave P.O. Box 4893 Helena, MT 59604-4893 2 Q&A With Newest Member of Senate Banking Committee 4 President’s Address 6 Executive Director’s Report 8 Compliance Q&A: Spring 2021 10 Flourish 12 From the Top: In Today’s Climate, Our Voices Are Vital 13 Member News: ICBA Chairman Appoints Pete Johnson To ICBPAC Committee 13 Member News: Opportunity Bank Of Montana Names New Market Presidents In Billings And Great Falls 13 Associate Member News: Shazam, Inc. 14 Montana Independent Bankers 2021 Convention & Trade Show 18 Guest Article: Transitioning Your Wealth: Potential Tax Policy Changes With The New Administration 20 Guest Article: Attracting And Retaining Employees Amid Challenges From COVID-19 22 Guest Article: Do’s, Don’ts, and Maybes A Set of Simple Rules to Streamline Portfolio Management In 2021. 24 Guest Article: How Will CECL Affect Your Institution’s Securities? 25 Guest Article: Buy Local 27 2021 MIB Membership Directory 28 MIB Associate Member Resource Guide 29 Upcoming Webinars Cover Photo United St ates Senator from Montana, Steve Daines