Pub. 10 2021 Issue 3

4 Executive DougWareham, President andCEO Kathy Taylor, EVP, General Counsel Terri Thomas, EVP, Legal Department Director Administration AlexOrel, SVP, Government Relations Eric Stofer, SVP, Chief Financial Officer Mary Taylor, SVP, Communications andMarketing Julie Taylor, VP, Computer and Information Systems Sara Blubaugh, VP, ExecutiveAssistant to the President andCEO BreeMagee, Communications &MarketingCoordinator LynneMills, Receptionist/Special Projects Education and Conferences Brenda L. Unruh, SVP, Director, Education & Conferences/Member Services BeckyMilne, VP, Education&Conferences NicoleOrtiz, AVP, Education&Conferences, DivisionCoordinator LeAnnMott, AVP, Education&Conferences, DivisionCoordinator Insurance RyanMcLaughlin, President, KBA Insurance, Inc. EdGriffith, EVP, Employee Benefits Kent Owens, VP, KBA Insurance, Inc. Susan Salyer, VP, Employee Benefits Jenny Figge, VP, Operations Elizabeth Roche, VP, Employee Benefits Cari Charter, AVP, KBA Insurance, Inc. Legal/KBCS Jackie Kuhn, VP, Staff Attorney GwenHill, VP, Staff Attorney AllisonCarpenter, VP, Staff Attorney/Senior ComplianceAuditor Bobby Young, VP, Staff Attorney/ IT andHRConsultant Adeel Syed, VP, Staff Attorney Dylan Serrault, VP, Staff Attorney/ComplianceAuditor Neal Barclay, AVP, Compliance Specialist/Auditor Jeff Narron, AVP, Compliance Specialist/Auditor Kelly VanZwoll, Staff Attorney and Government Relations LewisWalton, Compliance Specialist/Auditor MeridithDeForest, Administrative Legal Assistant Koren Kabriel, PT Administrative Legal Assistant KerryClark, Legal Intern BenGienke, Legal Intern 8 16 6 © 2021 Kansas Bankers Association | The newsLINK Group, LLC. All rights reserved. The Kansas Banker is pub- lished six times each year by The newsLINK Group, LLC for the Kansas Banker 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 neces- sarily represent the views of the Kansas Bankers Association, 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 Kansas Banker is a collective work, and as such, some articles are submitted by authors who are independent of the Kansas Bankers Association. While the The Kansas 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. 6 President's Message: Annual Report By Doug Wareham, President and CEO, Kansas Bankers Association 8 Washington Update: Perspective on the Paycheck Protection Program By Rob Nichols, President and CEO, American Bankers Association 10 Women in Banking Conference Recap 12 2021 Education Calendar 13 2020 SHCPF Year in Review + Programs 16 Capitalizing on Minority Business Community Engagement By Jim Echols, CEO, Renaissance Management and Training Solutions, LLP 18 Kansas Bankers Educational Foundation Awards Scholarships 19 GSBC Graduates 6th Cohort Of Executive Development Institute For Community Bankers ® 20 The Coming Bankruptcy Wave: A Bankruptcy Overview for Creditors By Camber Jones, Spencer Fane 26 The Difference Between Vendor Significance and Vendor Risk By Leticia Saiid, CoNetrix 28 Long Live Your Margin By BOK Financial 30 Are There Still Credit Risks Related to the Pandemic? By Mark Weitekamp, BKD 32 W hat Kansas Banks Need to Know About the LIBOR Transition By Christopher Rockers, Nicholas Kenney and Ani Kaufmann Mamisashvili 34 Mark Stock BigIron Auctions 36 Briefly in Kansas Banking 37 In Memory 38 KBA Golf Classic