MARCH/APRIL 2022 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 ©2022 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. 8 7 EDUCATION CALENDAR 8 PRESIDENT’S MESSAGE NEBRASKA BANKERS: PAST, PRESENT AND FUTURE Congratulations to Nebraska Banker and former NBA Chair Mike Jacobson on his recent appointment as the State Senator for Legislative District 42, which includes North Platte. Richard Baier, President and CEO, Nebraska Bankers Association 12 WASHINGTON UPDATE LEADERS IN FINANCIAL LITERACY: BANKERS CELEBRATE 25 YEARS OF TEACHING CHILDREN TO SAVE Providing children with a strong base of financial knowledge is critical to helping them unlock their financial future and prosper as adults – and bankers are uniquely positioned to play a role in that process. Rob Nichols, American Bankers Association 14 PUBLIC PENSION UPDATE Municipal bond investors finally have some good news regarding public pension plans after worrying about growing unfunded pension liabilities for many years. Dana Sparkman, CFA, The Baker Group 16 COUNSELOR’S CORNER STRATEGIES TO MITIGATE CREDIT RISK IN A HIGHLY LIQUID ECONOMY If you are a commercial or agribusiness lender, it’s likely been a while since you had a significant number of defaults in your portfolio. Jeremy C. Hollembeak, Baird Holm LLP 20 TECH TALK THE GOLDEN RULE OF EMAIL Although phishing has been a problem for years, phishing emails have increased by an estimated 600% over the past two years. Nick Podhradsky, Executive Vice President, SBS CyberSecurity, LLC NEBANKERS.ORG 4
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