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Community Bankers Association of Illinois
Community Bankers Association of Illinois    Community Bankers Association of Illinois CBAI E-Newsletter Sponsor - SHAZAM
 
     A Bi-Weekly News Bulletin for CBAI Members                                    June 5, 2017

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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois
  • Investment News From THE BAKER GROUP
  • MidAmerica National Bank Selects CASH Insight™ to Help Manage Commercial Lending Risk
  • Community Bankers Unite - It's Auction Time Again!
  • CBIS: What Community Bankers Should Know About Cryptocurrencies
  • Register Today for Early-Bird Pricing for CBAI's 43rd Annual Convention!
  • Principles for Understanding Your Info Systems Set for June 13
  • Keys to Survival in Fiduciary Administration in the Current Environment Set for June 29
  • Directors' Workshop Scheduled in Three Locations in June & July
  • Community Bankers School Scheduled for July 16-21




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    Are you interested in minimizing risk, increasing peace of mind AND saving money? Then look no further than SHAZAM Secure. When you choose SHAZAM Secure for your annual automated clearing house (ACH) exam, you’ll receive all these benefits and much more! SHAZAM Secure’s high-performance security solutions also include risk, regulatory and IT exams; cybersecurity and technical security assessments; and crisis management assessments and training. Keep your institution running smoothly and check out SHAZAM Secure today!





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    Investment News From THE BAKER GROUP

    Baker Market Update

    Geopolitical risks are something that investors have always had to deal with. The concern is usually focused upon events that occur on foreign shores. Recently, the shores in question are the banks of the Potomac. Controversies swirling around the administration continue to build toward an uncertain crescendo amid growing perceptions that a variety of entanglements may further sidetrack President Trump’s ambitious agenda to breathe life into what some see as a flagging economy. See Baker Market Update.

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    MidAmerica National Bank Selects CASH Insight™ to Help Manage Commercial Lending Risk

    According to Sandman, MidAmerica’s financial spreading needs were threefold. He was searching for a software solution that would provide a consistent spread of customers’ financial statements; calculate cash flow in the standard Uniform Credit Analysis (UCA) format; and easily integrate data into a Word document. Sandman’s due diligence led him to Wolters Kluwer’s CASH Insight™ solution, a financial spreading tool that gives commercial lenders the ability to evaluate the financial capacity of prospective borrowers to improve accuracy and make better lending decisions. CASH Insight is one of nine modules available in the CASH Suite. Each module can be purchased and used independently to meet a financial institution’s specific requirements. Read More.

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    Community Bankers Unite - It's Auction Time Again!

    CBAI is excited to begin preparing for our Community BancPac’s 26th annual silent auction and 10th annual live auction. This night is always a fun-filled event and remains one of the highlights of CBAI’s convention. We hope to make this year’s auction a successful and memorable event, but we need your help! CBAI deeply appreciates the PAC donations many of you make each year. However, to continue representing the interests of community banks, we need greater participation for this important cause. There are two options for donations: an actual item (i.e. sports tickets, collectibles, sports memorabilia, electronics, condo/vacation get-a-ways, etc.) or a cash donation. Donated items may be transported to convention or mailed to CBAI for transport. The cash option will allow CBAI staff to purchase popular items for auction and credit your financial institution for the item donation. Be a SUPERHERO and please make a contribution to the auction! Donate Today!

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    CBIS: What Community Bankers Should Know About Cryptocurrencies

    Do crypto currencies like bitcoin spell the doom of community banks? Certainly not under any rational gauge of the foreseeable future. Much as some of the world’s most prominent and lavishly wealthy technologists would like to pick you up in a self-driving drone, ferry you to the launch pad and fly you to Mars on a one-way ticket purchased with your virtual currency of choice, the reality is that the role of traditional currency, and the banking system, is safe from existential threat.

    But that does not mean that community bankers should dismiss the potential near-term impact of virtual currencies like bitcoin, or how alternative exchanges are developing, and what potential interface and risk even small financial institutions operating far from the silicon valley may face as more consumers and merchants use and accept virtual currencies as a form of payment. Read More.

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    Register Today for Early-Bird Pricing for CBAI's 43rd Annual Convention!

    Registration is now open for CBAI’s 43rd Annual Convention & Expo, scheduled for September 14-16, 2017, at the Crowne Plaza in Springfield, IL. Expert speakers on the hottest community banking topics fill an education agenda featuring 20 break-out sessions. This year's Opening Breakfast Speaker is John O’Leary. At the age of nine, John created a massive explosion in his home and was burned on 100% of his body. He was given 1% chance to live. His epic story of survival, emotional story-telling, unexpected humor, and authenticity make his presentations truly transformational. Also on the agenda is the Welcoming Reception with BancPac Live and Silent Auction, a jam-packed exhibit hall with more than 90 booths, the Annual Business Meeting Luncheon, and much more. The Closing General Session features Jeff Havens, one of the most in-demand speakers in North America. In his hysterical keynote, Us vs. Them, you'll learn a simpler way of looking at your own generational picture, and you'll also learn how to understand, recognize, and resolve every generational issue facing today's workforce.

    Don't wait! Register today for early-bird pricing at CBAI's annual showcase event! You won't want to miss it! Register Here!

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    Principles for Understanding Your Info Systems Set for June 13

    As financial institutions become more reliant on technology, it is important that they have a better understanding of their information systems to mitigate and monitor risks. Using basic concepts without using technical jargon, this presentation describes and demonstrates fundamental information-security strategies for protecting your information systems. The primary focus is the Microsoft Windows network. Many of the security principles presented are described in the FFIEC IT Examination Handbook and various interagency guidelines. Mark Scholl, partner for Wipfli LLP, leads this program. He specializes in all aspects of information-security services including information-system security auditing and Internet intrusion-testing services.

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    Keys to Survival in Fiduciary Administration in the Current Environment Set for June 29

    Becky Kelly and Roger Pond discuss a variety of fiduciary issues in “Keys to Survival in Fiduciary Administration in the Current Environment” including: Board and Committee Responsibilities, Fiduciary Expertise, Account Acceptance and Asset Considerations, The Investment Policy Statement, Reg 9, Due Diligence and Managing Risk, and more. Pond and Kelly recently completed a Sheshunoff manual called Trust Department Risk Management - Preparing for an Exam.Both are active in teaching in the Accredited Trust Financial Advisor and Accredited Trust Operations Specialist designations offered through Campbell University and AccuTech University as well as the CTFA and other individually developed fiduciary training programs.Trust officers, associates, and managers as well as trust compliance and audit individuals would all benefit from attending this seminar.

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    Directors' Workshop Scheduled in Three Locations in June & July

    Being a member of a community bank's board of directors is a challenging and rewarding experience. The community bank director has duties to the institution, its stockholders, and its depositors. And, he or she has responsibilities to the public-at-large. To meet these duties and responsibilities, a director must be knowledgeable and active. Thus, we invite you to join CBAI and the FDIC for the Directors' Workshop. Representatives from the FDIC discuss hot banking topics to make this comprehensive, one-day conference a must-attend. Topics covered include Corporate Governance and Succession Planning with Robert Warren; Preparing for Your Examination with Gerald Anderson, Bill Doering, and Angela School; Cybersecurity with Leslee Martin; an Economic Update; Compliance Risk Assessments with Patrick Ryan, Bill Doering, and Angela School; Concentration Risk Management with Gerald Anderson and Ashlee Chapman; and Interest Rate Risk with Deanna Willemsen. All speakers are representatives of the FDIC.

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    Community Bankers School Week Scheduled for July 16-21

    The Community Bankers School, which consists of two, one-week sessions over a two-year period at Illinois Wesleyan University in Bloomington, will allow you to immediately contribute to the overall success of your bank, and give you the knowledge necessary to get ahead. The School features a nationally recognized faculty, an updated curriculum, and timely topics. Topics covered during this intense week for Class I participants include compliance, accounting, commercial and consumer loan documentation, collections, bank security, auditing, investments, and technology, while Class II focuses on management aspects. However, the benefits extend beyond the classroom with outside case studies, an invaluable student notebook with supplemental materials, as well as networking opportunities with peers, instructors, and senior bankers. You will gain a background and experience for broader responsibilities and greater effectiveness, as well as insight into a community bank’s overall operations responsibilities. The 2017 session opens Sunday, July 16, and concludes Friday, July 21. For more details, click on the attached file or visit www.cbai.com today! The deadline to enroll is July 1, 2017. Talk to your employer and register today!

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