WINTER 2023 24 2023 MIB BOARD OF DIRECTORS Mark Anderson Farmers State Bank, Victor Tom Christnacht First Security Bank of Deer Lodge Laura Clark Opportunity Bank, Helena 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 Brice Kluth First State Bank of Shelby Kenny Martin First Montana Bank, Helena Scott Mizner American Bank, Bozeman Mike Moore Stockmens Bank, Cascade Joel Rosenberg Three Rivers Bank of Montana, Kalispell Phil Willett Pioneer Federal Savings and Loan, Dillon Jim Brown Executive Director Montana Independent Bankers jbrown@mibonline.org MIB STAFF Tim Schreiber, President Farmers State Bank tims@farmersebank.com Loren Brown, Secretary Ascent Bank, Helena lbrown@ascentbank.com Amber Brown, Treasurer Peoples Bank of Deer Lodge abrown@pbdl.net Andrew West, Immediate Past President Eagle Bank, Polson awest@eaglebankmt.com Pete Johnson, ICBA State Director Opportunity Bank, Helena pjohnson@oppbank.com 2023 MIB EXECUTIVE OFFICERS ©2023 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. 406.449.7444 jbrown@mibonline.org mibonline.org Montana Independent Bankers 1812 11th Ave. P.O. Box 4893 Helena, MT 59604-4893 10 4 4 President’s Message: Stronger Together in the New Year By Tim Schreiber 6 Executive Director’s Message By James E. Brown 8 From The Top By Brad M. Bolton, Chairman, ICBA 10 Flourish By Rebeca Romero Rainey, President and CEO, ICBA 12 Compliance Q&A Winter 2023 By Bill Showalter, Senior Consultant, Young & Associates, Inc. 14 2023 AG Conference 15 Bankers Day At The Capitol 16 Featured Associate: Alliant Built Differently to Serve You Better By Kendra Warman, Alliant Insurance Services 18 Brawl of the Wild Tailgate Party 19 Creating Successful Homebuyers By NeighborWorks Montana 20 Fixed Rate or Floating? Hybrid ARMs Give an Investor Both Features By Jim Reber, ICBA Securities 22 Regulators Should Rethink Climate Proposals To Eliminate Community Bank Impact By Rebeca Romero Rainey, President and CEO, ICBA 24 Restoring the Shine to Your UDAAP Lens By Kathryn “Katie” Ferrell, CRCM, CAMS, UBB 26 Navigating the Potential Impact of Recent Regulatory Guidance By Gale Simons-Poole, BHG Financial 27 2023 MIB Important Dates 30 Member News: Opportunity Bank of Montana CEO Pete Johnson Retiring After 43 Years In Banking 31 Member News: Laura Clark Becomes President & CEO Of Opportunity Bank Of Montana 32 2023 MIB Membership Directory 33 MIB Associate Member Resource Guide 34 MIB Associate Member Banks 35 Upcoming Webinars Contents The Community Banker 3
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