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Community Bankers Association of Illinois
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     A Bi-Weekly News Bulletin for CBAI Members                                    September 28, 2016

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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois
  • Ballots Are Out... Vote for Jim Ashworth in the FHLB Chicago 2016 Member Director Election
  • CBAI Convention Information from Midwest Office
  • Investment News From THE BAKER GROUP
  • CBIS Nicoud: How Much Insurance Should Your Bank Buy?
  • CBAI LEGAL: Reinstatement Fails to Save LLC from Foreclosure
  • Lender’s Guide to Mortgage Loan Compliance Slated for September 27-28
  • ACH: Stay Informed and In Compliance Set for October 4, 12, and 19
  • Developing a Business-Development Strategy To Be Held October 12
  • CFO Conference Scheduled for October 27




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    Ballots Are Out... Vote for Jim Ashworth in the FHLB Chicago 2016 Member Director Election

    Ballots for the 2016 Federal Home Loan Bank of Chicago Board of Directors election are officially out. You should be receiving yours sometime this week, if you haven’t already received it.

    The Community Bankers Association of Illinois is asking all member institutions to support the re-election of Jim Ashworth, Vice Chairman of CNB Bank & Trust, N.A., Carlinville, IL and President of CNB Bank Shares, Inc. See Jim Ashworth's Bio.

    A growing number of community-based financial institutions are Federal Home Loan Bank of Chicago members. It is imperative that community-based financial institutions receive the representation that they deserve on the FHLB of Chicago Board. The weighted voting procedure by which FHLB directors are elected requires the support and PARTICPATION of virtually ALL community bankers to elect the desired candidate. BALLOTS MUST BE RECEIVED BY OCTOBER 31, 2016. Vote for Jim Ashworth Today!

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    CBAI Convention Information from Midwest Office

    Midwest Office looks forward to the upcoming CBAI 42nd Annual Convention and Expo September 15-17. Come see us at booth 327 for a chance to WIN a 32" flat screen TV! Also, ask us about MidwestSelect and how the program can optimize your profitability by consolidating orders into a single source and simplifying your procurement in the process. Read More.

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    Investment News From THE BAKER GROUP

    Baker Market Strategies

    We knew fast speeds were inevitable after rates reached record lows in July and the August print is a reflection of that. The MBA’s refinance index averaged 2,604 in July but has since fallen to a 2,445 average and is trending lower. So we should expect this to be the peak in speeds unless rates start to turn South again. See Baker Market Strategies.

    Baker Market Update

    Markets around the globe are roiling as perceptions about economic fortunes appear to have recently shifted. That shift has resulted in shifting perceptions about the future nature of central bank interventions. That, and the new iPhone doesn’t have a headphone jack. See Baker Market Update.

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    CBIS Nicoud: How Much Insurance Should Your Bank Buy?

    Is your bank underinsured? Over insured? Those are simple sounding questions on the face of the matter, but the reality is that there is complexity in determining the best answers for a given community bank. After all, it’s not called actuarial “science” for nothing; the process of determining risk and pricing protections is often daunting at best, and impossibly mercurial at worst. Read More from CBIS Nicoud.

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    CBAI LEGAL: Reinstatement Fails to Save LLC from Foreclosure

    In a September 8 opinion, the Fourth District Illinois Appellate Court upheld a creditor’s right to foreclose when the borrower, a limited liability company (“Borrower”), breached a loan term that required Borrower to maintain its corporate status in good standing. Read Most Recent CBAI LEGAL.

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    Lender’s Guide to Mortgage Loan Compliance Slated for September 27-28

    During the last few years, both Congress and the various federal regulators have crafted revisions to some of the regulations that have been a part of our lending lives. This has resulted in many additional regulatory issues in every mortgage loan transaction. As a result, lenders have been struggling to determine what they should do to assure that they not only make a safe and sound loan for the bank, but also do so in a manner that will not create regulatory problems for the bank. With all of the changes and additions, a one-day seminar to cover this subject has not been possible in recent years. This seminar will be two very full days in length. It covers all aspects of mortgage compliance that a lender should know, including current rules. All subject covered include all of the latest information available. Leading this seminar is Adam Witmer, CRCM, a senior compliance consultant with Young & Associates, Inc., serving client banks in the Midwest.

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    ACH: Stay Informed and In Compliance Set for October 4, 12, and 19

    In the ever-changing world of ACH, it is difficult to stay abreast of the risks involved and the ever-changing rules. The presentation gives community banks ideas for reducing risk and improving compliance. The ACH-Rule changes that are effective from 2015 – 2018 are also explained in a practical, easy-to-understand approach. ACH officers and operations officers adn staff would all benefit from attending. Nicole Meinhardt, CPA, AAP and senior manager at Wipfli LLP, Sterling, IL leads this seminar.

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    Developing a Business-Development Strategy To Be Held October 12

    CBAI is pleased to offer Developing a Business-Development Strategy and Plan for Prospects this October. Having an effective and focused business development program is the key to the success of any bank’s growth. This program is designed to provide the foundational systems and develop the skills needed to be effective at making business calls on prospects. This seminar benefits anyone involved in the planning or execution of the bank’s business-development plan, including loan officers, branch managers, trust officers, and retail-banking employees. Topics covered include developing a prospecting program by researching, identifying, and prioritizing prospects; turning a gatekeeper into an influencer; getting an appointment over the telephone; key questions to ask during a meeting with prospects; making the difference – between you and the competition; making joint calls; the five keys to getting a commitment; following up and action planning. Leading this seminar is Dianne Barton, who founded Performance Solutions, Inc. in 1982.

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    CFO Conference Scheduled for October 27

    CBAI’s annual CFO Conference is designed to help community-bank CFOs gain a wide variety of information from expert speakers on hot topics and return to the bank ready to implement newly found ideas and knowledge! This conference not only benefits chief financial officers, it is also geared toward presidents, CEOs, and anyone else who is involved in controlling expenses and increasing profitability for their community banks. Topics and speakers include “Interest Rate Risk Case Study: Managing Through the Turn in Rates” with Matt Harris, vice president of the Financial Strategies Group, THE BAKER GROUP, Oklahoma City, OK; “Preparing for CECL: Financial Considerations and Data Preparation” with Tommy Troyer, executive vice president of Young & Associates, Inc., Kent, OH; “Overcoming Today’s Operational Challenges at Your Bank” with Heather Archer Eastep and Robert Flowers, partners at Hunton & Williams, LLP, Richmond, VA; and “Non-Interest Income: The Performance Difference” with Michael Slater, president of VITAL Financial Services, Clive, IA; and “Accounting Update” with Michael Brown, partner, and Toby Handel, senior manager, of Wipfli, LLP, Sterling, IL.

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