PRESIDENT’S MESSAGE Serving Members Through Innovative Services and Partnerships Richard J. Baier, President and CEO Nebraska Bankers Association The Nebraska Bankers Insurance & Services Company (NBISCO) was formed in 1981 as the NBA’s for-profit subsidiary with the sole mission of offering insurance products and services to NBA-member banks. NBISCO’s mission has evolved over the years to include preferred vendors, program administration and growing employee benefit programs, all with a focus on helping NBA members better compete and remain profitable in a highly regulated and evolving industry. More recently, NBISCO has expanded existing business lines and launched new products based on input and the needs of our members. Following legislative changes in 2019, the Nebraska Department of Banking and Finance contracted with NBISCO to administer the state’s Single Bank Pooled Collateral (SBPC) program. The SBPC program allows participating banks to pledge collateral against their entire portfolio of public deposits rather than pledging per entity, thereby saving the bank both time and money. The SBPC program now counts 27 Nebraska banks as participants and offers services to more than 400 public depositors across Nebraska, representing total covered public deposits of more than $2.3 billion. Participants in the program experience firsthand how the SBPC program is a highly efficient and effective method to pledge against public deposits. More information about the program is available at nebankers.org/nepooledcollateral. In late 2023, NBISCO signed an agreement with the Kentucky Bankers Association to jointly market the Bank Performance Report. This comprehensive report uses data from quarterly call reports to rank the overall performance of banks headquartered in each state and is available in printed and electronic or electronic-only options. Custom reports are also available. Currently, nine Nebraska banks subscribe to this service and rely on the quarterly reports to do in-depth peer analysis and comparisons. To learn more, visit www.bankperformancereport.com. Most recently, NBISCO announced a new partnership with Zelle Human Resource Solutions to launch resourceHIVE,TM a subscription-based virtual HR service. This partnership is one method to address a request we routinely receive from our member banks: successfully complying with the rapidly changing HR industry. Zelle’s Lincoln-based staff has more than 10 years of experience in both HR and financial services. The resourceHIVETM Together, we can find strategies to better support your customers, communities and employees. 8 NEBRASKA BANKER
RkJQdWJsaXNoZXIy MTg3NDExNQ==