MAY/JUNE 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. 22 7 EDUCATION CALENDAR 8 PRESIDENT’S MESSAGE 2022 NBA ANNUAL CONVENTION RECAP After an extended pandemic pause, it was an absolute pleasure to see so many bankers, vendors and friends at the 2022 NBA Annual Convention in early May at the Embassy Suites in La Vista. Richard Baier, President and CEO, Nebraska Bankers Association 12 WASHINGTON UPDATE RETHINKING “THE GREAT RESIGNATION” American workers are quitting their jobs in record numbers – leading economists and pundits to dub the period we’re currently living through “the Great Resignation.” Rob Nichols, American Bankers Association 16 COUNSELOR’S CORNER ADVICE FOR THE CORPORATE TRUSTEE Corporate trustees have to confidently know the answers to many questions, both those uniform to all trusts, and those tailored to the specific assets of a particular trust vehicle: who is a beneficiary? Krista Eckhoff & Brian Barmettler, Baird Holm LLP 20 TECH TALK CHANGES TO WATCH FOR IN 2022 Cyberattacks no longer just impact the targeted organization but often have a ripple effect that harms partners, service providers, customers, and others. Christy Thomas, CPA, CISA, CDPSE, Senior IT Auditor/Regional Director, SBS CyberSecurity 22 2022 KEY MBS THEMES AND THE CASE FOR SPECIFIED POOLS The mortgage market is already off to a volatile start in 2022, with Treasury yields soaring, spreads widening, and mortgage rates breaching 4%. Andrea F. Pringle, The Baker Group 26 QUESTIONABLE INCOMING WIRES AND WHAT TO DO ABOUT THEM One topic we continue to hear about is the prevalence of questionable wires coming into customers’ accounts at the bank. Compliance Alliance Staff NEBANKERS.ORG 4
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