NEBRASKA BANKERS ASSOCIATION 5 NOVEMBER/DECEMBER 2021 EDITORIAL: Nebraska Banker seeks to provide news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the NBA. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the NBA. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to the magazine, which began bimonthly publication in May 2006, is included in membership fees to the NBA. CONTENTS ©2021 NBA | The newsLINK Group, LLC. All rights reserved. Nebraska Banker is published six times each year by The newsLINK Group, LLC for the NBA 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 publ ication are those of the individual authors and do not necessari ly represent the views of the NBA, 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. Nebraska Banker is a collective work, and as such, some articles are submitted by authors who are independent of the NBA. While Nebraska 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 reprintedwithout prior written permission. For further information, please contact the publisher at 855.747.4003. 18 8 PRESIDENT’S MESSAGE: WORKFORCE STRATEGIES As I was sitting down to finalize my magazine column for the month, I received a notice from the Nebraska Department of Labor indicating the state’s unemployment rate for September had fallen to 2.0%, tied for the lowest unemployment rate ever recorded by a state. Similarly, the rate in Lincoln had dropped to 1.3%, a record low for the Capitol City. Richard Baier, President and CEO, Nebraska Bankers Association 9 THE IMPACT OF AN INTERNSHIP Growing up on a farm near Arlington, Krista Prinz was heavily involved in 4-H and FFA. When it came time to choose a college major, the ag banking and finance option of the agribusiness major at the University of Nebraska-Lincoln (UNL) was a natural fit. 10 WASHINGTON UPDATE: TO PAY OR NOT TO PAY: RANSOMWARE ATTACKS OFFER AN UNSAVORY CHOICE It’s the message a CEO never wants to receive: “We’ve got your data and you need to pay up if you want it back.” Rob Nichols, President and CEO, American Bankers Association 12 COUNSELOR'S CORNER: A VICTORY FOR SECURED LENDERS: NEBRASKA SUPREME COURT CONFIRMS A SECURED LENDER’S RIGHT TO COLLECT ITS BORROWERS’ ACCOUNTS UPON DEFAULT Lenders often require their borrowers grant them a security interest in their accounts in order to secure the borrowers’ loan obligations. Brian Barmettler, Nicholas Buda and Brandon Tomjack, Baird Holm, LLP 14 TECH TALK: CONTROLS TO REDUCE VENDOR BREACH RISK The thought of a vendor breach is terrifying. We engage in vendor relationships because the value proposition is that the vendor will provide us better service and security than we can provide for ourselves, often at a lower cost than we would incur to perform and secure the service for ourselves. Cody Delzer, CISA, CDPSE, SVP IS Consultant/Regional Director, SBS CyberSecurity, LLC 18 COMPLIANCE ALLIANCE: OCC RELEASES PROPOSAL TO RESCIND CRA FINAL RULE AFTER A FALSE START New leadership usually takes us into the future. The Office of the Comptroller of the Currency (OCC) is reversing this trend by first taking us into the past for a bit. Chris Bell, Associate General Counsel, Compliance Alliance 20 CHECKING IN ON THE BANKING INDUSTRY 2020 was a year of challenges in many aspects of life, business, and the economy. The start of 2021 brought a close to a tumultuous year and opened the door to a year of economic recovery and hope for more normal times. Dale Sheller, The Baker Group 24 EDUCATION CALENDAR
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