2018 NDBA Peer Group Consortium: Experience Positive Outcomes - North Dakota Bankers Association
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A publication for members of the North Dakota Bankers Association.
Volume 18 • Issue 8 August 16, 2018
2018 NDBA Peer
Group Consortium:
Experience Positive
Outcomes
Also in this issue:
NDBA Ag Credit Conference
Speakers
North Dakota Bankers
Association Endorses Harland
Clarke for Marketing Solutions
and Payment Programs
Live Well, Work Well: Sunrays
Aren’t the Only Thing You Can
Catch at the Pool
Financial Services Sector Relies
On Threat Intelligence to Fight
Cybercrime
NDBA • PO Box 1438, Bismarck, ND 58502-1438 • Ph: 701.223.5303 • Fax: 701.258.0218 • Email: ndba@ndba.com • www.ndba.com
CHaiRMaN’S CORNER
It is hard to believe it is August already and we are quickly approaching fall. Soon kids will be heading back to
school and summer vacations will be winding down. NDBA’s fall agenda is in full swing with several opportunities
for professional development and networking.
Coming off a very successful Peer Group Consortium last week at the ND Heritage Center in Bismarck, focus
Todd Steinwand
turns to the 2018 Group Meetings on September 10-13 to build and strengthen professional relationships within
NDBA Chairman
Chief Business the banking community. The keynote presenter is Steve Ford who will entertain and inspire with his presentation
Development Officer
Bank of North Dakota
of “Getting to the Top with Character”. For more information on Group Meetings, visit www.ndba.com.
Bismarck
The 2018 Ag Credit Conference on September 27-28 will offer ag lenders a chance to hear about the latest
developments in agriculture and learn about important ag-related issues. Read more about the conference on
page 16.
The Financial Crimes Conference is scheduled for October 10. The HSA and IRA Seminars are also on the
calendar for October 22-26. Registration is now open for these events.
Please join me in participating in these upcoming events!
Upcoming NDBA Events
SEPTEMBER 2018 OCTOBER 2018 NOVEMBER 2018 September 2018
S M T W T F S S M T W T F S S M T W T F S 9-14 GSB Financial Managers School - Madison, WI
10-13 Group Meetings - Grand Forks, Fargo,
1 1 2 3 4 5 6 1 2 3
Bismarck & Minot
2 3 4 5 6 7 8 7 8 9 10 11 12 13 4 5 6 7 8 9 10 27-28 Ag Credit Conference - Holiday Inn, Fargo, ND
9 10 11 12 13 14 15 14 15 16 17 18 19 20 11 12 13 14 15 16 17 October 2018
10 Fighting Financial Crimes Conference
16 17 18 19 20 21 22 21 22 23 24 25 26 27 18 19 20 21 22 23 24 Delta by Marriott, Fargo
28 29 30 31 14-19 GSB Sales & Marketing School - Madison, WI
23 24 25 26 27 28 29 25 26 27 28 29 30 17-18 Certified Banking Security Technology
30 Professional - Courtyard by Marriott, Bismarck
21-26 GSB Bank Technology Security School -
DECEMBER 2018 JANUARY 2019 FEBRUARY 2019 Madison, WI
S M T W T F S S M T W T F S S M T W T F S 22 HSA Workshop - Holiday Inn, Fargo
1 1 2 3 4 5 1 2 23 IRA Essentials - Courtyard by Marriott, Bismarck
24 Advanced IRAs - Courtyard by Marriott, Bismarck
2 3 4 5 6 7 8 6 7 8 9 10 11 12 3 4 5 6 7 8 9 25 IRA Essentials - Holiday Inn, Fargo
26 Advanced IRAs - Holiday Inn, Fargo
9 10 11 12 13 14 15 13 14 15 16 17 18 19 10 11 12 13 14 15 16
November 2018
16 17 18 19 20 21 22 20 21 22 23 24 25 26 17 18 19 20 21 22 23 1 Bank Security Seminar - Radisson, Bismarck
24 25 26 27 28 8 Call Report Seminar-
23 24 25 26 27 28 29 27 28 29 30 31
Courtyard by Marriott, Bismarck
30 31 January 2019
23 Bankers Day at the Capitol
MARCH 2019 APRIL 2019 MAY 2019
24 Bank Management Conference &
S M T W T F S S M T W T F S S M T W T F S
Legislative Dinner - Bismarck, ND
1 2 1 2 3 4 5 6 1 2 3 4
April 2019
3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 1-3 ABA GR Summit - Washington DC
10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 29-May1 Tri-State Trust Conference - Fargo
17 18 19 20 21 22 23 21 22 23 24 25 26 27 19 20 21 22 23 24 25
24 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31
31
2
CoNTeNTS
EXECUTIVE COMMITTEE
14 16
CHAIRMAN CHAIRMAN-ELECT TREASURER
Todd Steinwand Judd Graham Jolene Muscha
Bank of North Dakota Bremer Bank Bank of Glen Ullin
Bismarck Fargo Glen Ullin
NDBA BOARD OF DIRECTORS
Deneen Axtman Christie Obenauer Ernie Strube
Cornerstone Bank Union State Bank Goose River Bank
Fargo Hazen Mayville
Todd Heilman Kelly Rachel Kathy Torske
20 18 Western State Bank
Devils Lake
Unison Bank
Jamestown
American Trust Center
Bismarck
FEATURES Craig Johnson Steve Rehovsky Dan Vollmer
Merchants Bank First United Bank Dacotah Bank
14 2018 NDBA Peer Group Consortium Rugby Park River Minot
16 NDBA Ag Credit Conference Speakers Jay Lies Deb Schouweiler Lee Weisbeck
Wells Fargo Peoples State Bank Starion Bank
18 NDBA Endorses Harland Clarke for Marketing Fargo Fairmount Mandan
Solutions and Payment Programs Kim Meyer Tom Stennes
Gate City Bank Harwood State Bank
20 Live Well, Work Well: Sunrays Aren’t the Only Thing Fargo Harwood
You Can Catch at the Pool
22 Get out of Debt and Save for the Future NDBA SERVICES, INC. BOARD OF DIRECTORS
CHAIR
24 Need Liquidity? Sell Short Municipals Jeff Leuthold Duane Bowman Bernie Sinner
Cornerstone Bank Dakota Western Bank First State Bank of North Dakota
26 Financial Services Sector Relies On Threat New Town Bowman Casselton
Intelligence to Fight Cybercrime VICE-CHAIR Gary Inman Jeremy Skoglund
32 North Dakota Bankers Attend Experienced Ag Darren Haugen
Starion Bank
Bell Bank
Fargo
First Western BAnk
Bismarck
Bankers School in Spearfish Mandan
Jamie Nelson Jeff Weiler
Lois Bednar Farmers Security Bank Bank of North Dakota
IN EVERY ISSUE Bank Forward
Fargo
Washburn Bismarck
2 Calendar of Events
3 NDBA Directors & Staff
4 Articles NDBA STAFF
Rick Clayburgh Jolene German Lisa Vance
12 NDBA Education Events & Webinars President and CEO
rick@ndba.com
Administrative Assistant
jolene@ndba.com
Communications and Marketing
Coordinator
lisa@ndba.com
34 Happenings Jackie Bauer Dorothy Lick
Business and Database SVP of Education NDBA GENERAL
38 Banker Classifieds Coordinator
jackie@ndba.com
dorothy@ndba.com COUNSEL
Ann Reich Tracy Kennedy
Angi Day SVP of Strategic Partnerships tracy@ndba.com
Mission Statement Benefits Coordinator
angi@ndba.com
ann@ndba.com
Extraordinary Leadership for North Dakota Banks
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President Trump Signs FinCEN Extends Beneficial
Flood Insurance Program Ownership Relief for CD
Reauthorization Bill Rollovers, Loan Renewals
President Trump signed a measure that would provide a The Financial Crimes
4-month extension for the National Flood Insurance Program Enforcement Network
(NFIP) hours before the July 31 deadline. The Senate passed has extended for 30
the legislation 86-12, and the House approved it by a 366-to-52 additional days its
vote. The bill is the seventh short-term extension of the program. temporary suspension
The NFIP will remain in place until November 30, and provide of the beneficial ownership requirements for certificate of deposit
time for Congress establish a long-term financial solution. rollovers and loans that renew automatically. The temporary
suspension will now expire on Sept. 8. FinCEN is working
IRS, Treasury Propose to finalize a more permanent solution in response to concerns
raised by the banking industry.
Regulations on Pass-Through
As part of the ongoing effort to help banks comply with the
Deduction customer due diligence rule – which took effect May 11 –
The IRS and the Treasury FinCEN has created an informational webpage that pulls
Department have issued together various documents on the rule.
proposed regulations To read more visit: https://www.fincen.gov/sites/default/
implementing the 20 percent files/administrative_ruling/2018-08-08/Extension_Temp_
deduction that pass-through entities, Exceptive_Relief.pdf
including Subchapter S corporations,
can take under the 2017 tax reform law. To view the webpage visit: https://www.fincen.gov/resources/
statutes-and-regulations/cdd-final-rule
Under the tax law, “specified service
trade businesses” such as law firms,
accounting firms and medical Bankers Say S. 2155’s
practices are not eligible for the Reciprocal Deposit Provision
deduction. However, the law also Most Helpful
included “financial services” as a category of SSTB. In letters
and in-person meetings, ABA, ICBA and the Subchapter S When asked to rank eight key
Bank Association – emphasized that Congress had intended for provisions of S. 2155 – the new
banks to be eligible for the pass-through deduction and urged regulatory reform law – based on
Treasury to clarify that financial services did not include banks their likelihood to positively affect
in this instance. their institution, community and
midsize bank executives said that the
“The Treasury Department and the IRS agree with such law’s provision amending the Federal
commenters that this suggests that financial services should Deposit Insurance Act to make most
be more narrowly interpreted here,” the agencies said in reciprocal deposits non-brokered ranked highest.
the proposed rule, which “limits the definition of financial
services to services typically performed by financial advisors In a survey conducted by Promontory Interfinancial Network,
and investment bankers... This includes services provided by 37 percent of bankers gave that provision the highest ranking
financial advisors, investment bankers, wealth planners, and on a scale of one to five, more than for any other legislative
retirement advisors and other similar professionals, but does not provision tested. Additionally, 58 percent said they plan to start
include taking deposits or making loans.” using or expand their use of reciprocal deposits immediately
or very soon because of the new law, and another 29 percent
While the clarification is welcome, other aspects of the regulations said they would consider doing so in the future. The other two
raise questions about selected activities banks may engage in and highest-ranked provisions were those expanding eligibility for
qualify for the deduction. There are also de minimis exceptions an 18-month exam cycle and an exemption from reporting the
that may be applicable. Comments on the proposal are due 45 recently expanded Home Mortgage Disclosure Act data points.
days after it is published in the Federal Register.
The survey also asked bankers for their perspectives on the
To read the proposed regulations visit: https://www.irs.
economy in the year ahead. In general, bankers were less
gov/pub/irs-drop/reg-107892-18.pdf
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optimistic about the trajectory of the economy over the next 12 on multifamily loans. For residential mortgage loans, 15.3
months than they were a year ago; 49 percent expected conditions percent reported easing on GSE-eligible mortgages; banks held
to improve, compared to 60 percent last year. In addition, more standards unchanged or eased them on every mortgage loan
bankers than last year predicted increased competition for type except for subprime. Mortgage demand slipped during the
deposits and higher funding costs. Expectations about loan previous quarter. In the consumer lending category, a net 12
demand remained mostly the same, as did expectations about percent of banks tightened standards on credit cards, principally
access to capital. by lowering credit limits, increasing spreads and increasing the
minimum required credit score, while a net 3.5 percent eased
To read more visit: https://www.promnetwork.com/home/
terms on auto loans.
news/business-outlook-survey/business-outlook-survey-2018-q2
To read more visit: https://www.federalreserve.gov/data/sloos/
CFPB Releases 2017 HMDA sloos-201807.htm
Data Senators Urge FCC to Issue
The CFPB announced that the 2017 Home Mortgage Disclosure
Act data is now available. Bankers can view the 2017 HMDA
New TCPA Rules
Dynamic National Loan-Level Dataset and the Aggregate & Seven members of the Senate
Disclosure reports on the FFIEC web page. Committee on Commerce, Science, and
Transportation – including Chairman
To read more visit: https://ffiec.cfpb.gov/data-publication/
John Thune (R-S.D.), urged the Federal
Communications Commission to issue
Easing Continues on Business, new rules to ensure that consumers
Residential Mortgage Loans can receive important communications from their banks and
other businesses. The letter was submitted as the FCC considers
In the previous issuing new Telephone Consumer Protection Act rules after a
quarter, banks kept federal appellate court in March struck down two key aspects of
terms and standards the FCC’s prior rules.
for business loans
unchanged or eased “The FCC must make it more workable for legitimate businesses
them slightly, while to stay in communication with consumers in a timely and
tightening slightly effective manner,” the Senators wrote. “It is imperative that the
on commercial real FCC develop an updated TCPA framework that both protects
estate loans and consumers and provides those calling in good faith with a
easing in most residential mortgage loan categories, according reasonable means of communicating with their customers.”
to the Federal Reserve’s latest senior loan officer opinion survey. The Senators urged the FCC to issue a new interpretation of an
When looking at the past 13 years, lenders reported that “automatic telephone dialing system” that would limit TCPA
standards for commercial and industrial loans tended to be easier restrictions only to dialing equipment that generates telephone
than the midpoint for that period, while standards on mortgage numbers in random or sequential order.
and CRE loans were said to be tighter than the midpoint.
On net, 16 percent of banks – up from the period before – eased Podcast: Legalized Cannabis
standards and terms for C&I loans to large and middle-market
firms; just 7.5 percent banks on net said they eased for smaller
and Considerations for Bankers
firms. For large and midsize firms, banks that eased terms were As more and more states
more likely to allow bigger credit lines, relax interest rate spreads legalize the use and sale
and cut the cost of credit lines. More than nine in 10 banks that of marijuana, more and
eased cited more aggressive competition as an important reason; more banks are finding
the few that did tighten standards cited the economic outlook themselves caught
or reduced risk tolerance. Demand for C&I loans increased; on between the pincer of
net, 10 percent of banks reported getting more credit inquiries. local needs and federal
law. Recreational adult use of marijuana is now legal in nine
Meanwhile, fewer banks tightened on CRE loans than in
states plus Washington, D.C., with prescription use permitted
the previous quarter; most banks kept standards unchanged
in another 31, plus 15 more that allow low-THC cannabinoid
for construction loans, while 7.3 percent reported tightening
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products like oils. “It’s going in only one direction,” says Don Treasury Report Recommends
Childears, who leads the Colorado Bankers Association in the
first state to legalize recreational cannabis. Updates to Fintech Regulation
Cannabis is now a $1.5 billion industry in Colorado generating The US Department of the Treasury has released a report
$250 million in state revenues, Childears says, but the conflict that includes a number of recommended changes to laws and
between state and federal laws is creating a ripple of lost growth regulations affecting nonbank financial firms and particularly
opportunities and public safety problems. “Without banking fintech companies.
marijuana businesses, we have the public put at risk and we have Specifically, the Treasury report recommends:
real complications for governments,” Childears says.
• Removing “legal and regulatory uncertainties” related
While he doesn’t see cannabis as a major market for banks – to consumer data access in order to move away from
about 20 banks in Colorado are quietly serving marijuana the controversial practice of “screen scraping”
businesses, he says, with their regulators’ knowledge – Childears
• Modernizing the Telephone Consumer Protection Act
emphasizes the need for clarity on the issue. He also discusses
several factors banks need to consider in states that have legalized • Setting consistent data security standards for banks
cannabis, whether they want to bank marijuana-related business and nonbanks
or not, including reputation risk, governance issues, insurance
• Codifying the “valid-when-made” doctrine
coverage, and the treatment of hemp versus marijuana.
• Encouraging small-dollar, short-term lending and
To listen to the podcast visit: http://hwcdn.libsyn.com/
rescinding the CFPB’s payday lending rule
p/7/8/4/78460ecb3537b4cc/ABA-Banking-Journal-Podcast-
Don-Childears.mp3?c_id=22333112&cs_id=22333112&ex • Modernizing the IRS system to get tax transcripts
piration=1534121831&hwt=fe3c97814beb3af26834119619 through an application programming interface
df6211
• Harmonizing state-level money transmitter
requirements
Experts Offer Insights About Treasury also stated that regulators at the state and federal
CECL Transition in Latest Free levels should enhance their cooperation by streamlining and
Article coordinating examinations and clarifying guidance on bank
partnerships with nonbank fintech companies. In addition, the
The latest free article on the ABA Banking Journal website – a report called on the Office of the Comptroller of the Currency
preview from the forthcoming September/October issue – offers to continue to pursue a special-purpose national bank charter for
insights on how banks should be approaching the transition to fintech companies while also recommending that the banking
the Current Expected Credit Loss accounting standard, and agencies develop a “regulatory sandbox” to allow companies to
where they should be in the process. CECL becomes effective in test innovative services while maintaining consumer protections.
2020 for SEC registrants and in 2021 for all others.
To read more and download the Treasury report visit:
“The CECL deadline is fast-approaching, and bankers must https://home.treasury.gov/news/press-releases/sm447
begin implementing this new standard now in order to ensure
future calculations are in-line with the bank’s expectations,”
write two experts from accounting and advisory firm Porter OCC Considering Applications
Keadle Moore. “While it’s widely believed CECL will result for Limited Purpose Fintech
in an increase in the [allowance for loan and lease losses] and Charter
a charge to capital upon adoption, with proper preparation
and testing, banks will be well-prepared. This will all depend In related news, the OCC announced
however, on the steps bankers take now to prepare for the that it will begin considering applications
impending change.” from fintech firms for a limited purpose
national bank charter. The charter,
To read more visit: https://bankingjournal.aba.com/2018/07/
which was initially announced by former
cecl-implementation-where-banks-are-now-and-where-they-
Comptroller Tom Curry, comes as
need-to-be/
the financial industry continues to see
accelerating technological change according to a statement from
Comptroller Joseph Otting.
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The OCC said that any special-purpose charters granted The other provision Ely flagged was one that would greatly
will be required to “demonstrate a commitment to financial expand the powers of the Farm Credit System Insurance
inclusion,” meeting “a high standard similar to the Community Corporation to act as a conservator or receiver for any FCS
Reinvestment Act’s expectations for national banks that institution. Ely noted that “the Farm Credit Act already sets
take insured deposits.” In addition, the agency has revised its out... the powers the FCA and FCSIC need in order to resolve
licensing manual to highlight the supervisory, capital, liquidity an insolvent FCS institution.”
and contingency planning requirements it will impose.
To read more visit: https://bankingjournal.aba.com/2018/07/
To read more visit: https://occ.treas.gov/news-issuances/news- farm-credit-watch-frontier-communications-shuld-repay-all-
releases/2018/nr-occ-2018-74.html of-its-cobank-loan/
FASB to Extend CECL Effective FHFA Suspends Credit Score
Date for Private Banks Initiative
The Financial Accounting The Federal Housing Finance Agency
Standards board has agreed (FHFA) announced that it will
to propose changing the not issue a decision this year about
effective date of the Current updating the credit score models
Expected Credit Loss accounting standard for “non-public required by Fannie Mae and Freddie
business entities” to fiscal years beginning after Dec. 15, 2021. Mac. According to the announcement,
This would mean that non-PBE banks would adopt CECL and the agency will instead focus on
adjust their opening retained earnings balance as of Jan. 1, 2022. implementing a section of S. 2155 that
requires it to define through rulemaking the criteria the GSEs
As currently written, while non-PBE banks would not adopt
will use to validate credit scores.
CECL in their Call Reports until Dec. 31, 2021, the requirement
to prepare an “opening balance” means that banks would have FHFA Director Mel Watt noted that moving forward with the
to effectively run both CECL and their current accounting current evaluation process “would be duplicative of, and in some
systems throughout all of 2021. FASB’s standard practice to respects inconsistent with” the requirements set forth in S. 2155.
provide private entities an extra year of implementation time was He added that, as directed by the law, the agency will be issuing
unintentionally neglected. The correction will be proposed in a proposed rule for comment.
an exposure draft, which is expected to be issued in the coming
To read more visit: https://www.fhfa.gov/Media/
weeks with a 30-day comment period. PublicAffairs/Pages/FHFA-Announces-Decision-to-Stop-
Credit-Score-Initiative.aspx
Ely Highlights Problematic
Farm Bill Provisions in Latest DOD Reports Technical Issue
Farm Credit Watch Bulletin with MLA Database
In the latest edition of Farm Credit Watch, The Department of Defense is
Bert Ely flagged two potentially problematic currently working to resolve a
provisions in the Senate’s Farm Bill, which technical issue with its Military
was passed on June 27. Lending Act database after bankers
reported receiving rejection
The first provision would expand the
messages when attempting to
definition of young, beginning and small
verify a service member’s status.
farmers and ranchers to include “socially disadvantaged farmers
DOD confirmed that an expired
and ranchers.” Ely called into question the need for the provision
commercial security certificate
and noted that it could have implications for how the Farm
on site was the cause of the problem. While some users were
Credit System reports its data on YBS farmers. Currently, a
unaffected, others reported being unable to access the database
single loan to a young, beginning and small farmer would be
at all. Bankers experiencing difficulties with the database should
counted three times in YBS data, greatly exaggerating FCS’
contact the Defense Manpower Data Center technical assistance
lending efforts to these groups. Adding an additional category
number at 800-477-8227.
would allow even more loans to be double, triple or quadruple
counted, Ely said.
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New Article Offers Six Tips know what the rules are, [and] are not somehow told after the
fact that they broke a rule they weren’t even aware of, or that
for Protecting Bank Data from it somehow changed without any proper notice and comment
Ransomware process,” she said.
Ransomware has When asked about the CFPB’s small dollar lending rule – which
become one of the most Acting Director Mick Mulvaney placed under review earlier this
effective and prevalent year – Kraninger did not offer comments on how she intends
forms of cybercrime, but many companies are unprepared to to move forward, but indicated that “what would be helpful is
deal with the growing threat, according to the latest exclusive continued competition in the small dollar lending space.” She
online feature from the ABA Banking Journal. commended recent efforts by the OCC to “work with traditional
Like malware, ransomware can be spread through email, banks to bring additional [small-dollar] products and services to
compromised websites or pirated software. Once a system the market.”
becomes infected with ransomware, cybercriminals demand During the at-times contentious hearing, Kraninger faced
payment to restore access to files and data – hundreds of intense questioning from Democrats on the panel about her work
thousands of dollars, in some cases. Since ransomware attacks at OMB related to the Trump administration’s immigration
can cripple critical systems for days or even weeks, banks should policies and the response to last year’s hurricane in Puerto Rico.
have a strategy for mitigating this type of risk.
The article offers six practical tips that bankers can follow to help Zelle Study Finds Growing Use
keep themselves, their employees and their critical information
systems on the right side of ransomware, including having a plan of Digital Payments Across
for routine file backup and restoration and conducting a review Generations
of the company’s cyber insurance plans
Early Warning Services LLC, the
To read more visit: https://bankingjournal.aba.com/2018/07/ network operator behind Zelle, has
ransomware-101-what-banks-can-do-to-mitigate-risk/ released the results of its first Digital
Payments Adoption Study (“study”).
Kraninger to Focus on Results show that adoption and
usage of digital person-to-person (P2P) payments are high
Transparency, Accountability among all generations, with consumers pointing to trust in
as Head of CFPB if Confirmed friends and family and trust in their financial institutions as the
primary reasons for engaging in a digital payment.
In testimony before the Senate Banking
Committee, CFPB director nominee To read more visit: https://www.finextra.com/
Kathy Kraninger outlined her key pressarticle/74764/zelle-study-finds-growing-use-of-digital-
priorities for leading the agency if payments-across-generations
confirmed, pledging to ensure that the
CFPB functions in a fair and transparent Emergency Farm Aid to Ease
manner and is accountable to taxpayers.
Concerns Over Trade Disputes
Kraninger – who is currently an associate
director at the Office of Management The Trump administration
Kathy Kraninger
and Budget – said she will focus on said it would extend $12
“running the agency as Congress established it, but... I’m very billion in emergency aid
open to changes in that structure that will make the agency to farmers amid signs the
more accountable and more transparent.” She also committed U.S. agricultural sector is
to limiting the bureau’s collection of sensitive information “to beginning to feel the impact
what is needed and required under law,” and ensuring that data of President Donald Trump’s
collected by the CFPB is protected. escalating trade disputes with
major U.S. trading partners.
Additionally, Kraninger said she would use the bureau’s
rulemaking process effectively, and work closely with other Agriculture Secretary Sonny Perdue said the U.S. government
regulatory agencies and states on supervision and enforcement. would provide incremental payments to support prices of some
“It is critical to have clear rules so that the lenders and creditors… of the hardest-hit commodities, including soybeans, sorghum,
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cotton, corn, wheat and pork, according to a story by The Wall factor authentication using a physical or digital token when
Street Journal. possible for local administrators and business critical roles.
“This is a short-term solution that will give President Trump Other tips in the FBI advisory suggested that banks:
and his administration time to work on long-term trade deals,”
• Implement separation of duties or dual authentication
Perdue told reporters. Agriculture Department officials said the
procedures for account balance or withdrawal increases
aid wouldn’t need congressional approval.
above a specified threshold.
Perdue said the move, tentatively planned for the coming
• Implement application whitelisting to block the execution
months, was in response to what he called U.S. trading partners’
of malware.
“illegal retaliation” to the policies of Trump, who has ordered
tariffs on imports ranging from metals to materials to clothing • Monitor, audit and limit administrator and business
to electronic parts. Those tariffs apply to goods from a broad critical accounts with the authority to modify the account
range of countries, including China and those of the European attributes mentioned above.
Union. • Monitor for the presence of remote network protocols and
U.S. trading partners are retaliating, with ominous implications administrative tools used to pivot back into the network and
for the American Farm Belt. China, a huge market for U.S. conduct post-exploitation of a network, such as Powershell,
agricultural exports, has applied tariffs on $34 billion worth of cobalt strike and TeamViewer.
U.S. goods, including soybeans and pork. Other places applying • Monitor for encrypted traffic (SSL or TLS) traveling over
retaliatory tariffs include allies such as Canada, Mexico and the non-standard ports.
European Union.
• Monitor for network traffic to regions wherein you would
Congressional lawmakers, with few exceptions, expressed not expect to see outbound connections from the financial
skepticism about the administration’s aid plan, according to The institution.
Wall Street Journal. Farmers, the critics said, need certainty on
trade, not a bailout from the government. Even GOP senators
who usually defend Trump expressed worry that aid might have
to be extended to other sectors if he continues his trade fights on
various fronts.
FBI Warns of Widespread ATM
Cash-Out Scheme
The FBI released a private industry notification on August 9
warning that cyber criminals are planning to conduct a global
ATM cash-out scheme in the coming days, likely associated with
an unknown card issuer breach. Commonly referred to as an
Get to the point.
”unlimited operation,” these schemes involve the compromise of INFRASTRUCTURE
a financial institution or payment card processor with malware UNIFIED
COMMUNICATIONS
to access bank customer card information and exploit network
DATA CENTER
access to enable a large scale theft of funds from ATMs. SECURITY
To successfully complete this scheme, criminals need SERVICES
unauthorized access to unencrypted bank card data and the
expertise and ability to manipulate the security and anti-fraud
protocols pertaining to account balances, withdrawal limits, and
bank, card and ATM-specific security measures. The criminals
typically create counterfeit cards by imprinting the stolen data
on reusable magnetic strip cards, such as gift cards, and act
during low-visibility times when they have uninterrupted and 701.282.6459 Main Headquarters
prolonged access to the ATM to withdraw the funds.
HighPointNetworks.com sales@highpointnetworks.com
The FBI is urging banks to review how they’re handling security,
such as implementing strong password requirements and two- NORTH DAKOTA | SOUTH DAKOTA | MINNESOTA | MONTANA | COLORADO
9
2018 NDBA GROUP MEETINGS
Dates and Locations:
Northeast Group:
s Alerus Center, Grand Forks – September 10
Southeast Group:
s Delta by Marriott, Fargo – September 11
Southwest Group:
s Ramkota Hotel, Bismarck – September 12
Northwest Group:
s Holiday Inn, Minot – September 13
Meeting Times:
4:30-8:00 p.m. each event
Plus...
Optional golf events at each location! Featured Speaker: Steve Ford
Featured Presentation:
“Inside The White House and Hollywood: Getting to the Top with Character”
Mark your calendars – registration information coming soon!
The son of former President Gerald R. Ford and Betty Ford, Steve Ford successfully negotiated the bumpy
road from the White House to a successful 20-year career as an actor in Hollywood. As a speaker, Ford
shares a broad range of inspirational stories, including how the family dealt with Betty Ford’s battles with
alcoholism and breast cancer, his own successful fight to overcoming alcoholism, and the Nixon Pardon.
He also offers humorous anecdotes regarding his ten Secret Service Agents and provides first-hand details
about life on the set of some of Hollywood’s biggest movies. Within each of Ford’s stories, the focus is always
on character, integrity, and the strong family bonds that led to his family’s success. It’s an insider’s view of life
in the public eye, featuring many historic and never-before-seen photos, slides, and videos. Described as a
cross between The History Channel and The Book of Virtues, Ford continually focuses on the importance of
character, integrity and right choices. His one-of-a-kind presentation inspires people to be open to change
and transformation and addresses aspects of the person as a whole, including both career and family roles.
10HSA & IRA Seminars
Fall 2018
Register now!
About the programs: NDBA partners with Ascensus
HSA Workshop
to deliver seminars that are presented by highly-
October 22, 2018
Holiday Inn, Fargo trained retirement plan consultants who thoroughly
understand the laws affecting IRAs.
IRA Essentials
October 23, 2018 Registration information available at
Courtyard by Marriott, Bismarck www.ndba.com
October 25, 2018
Holiday Inn, Fargo For more information: Contact Dorothy Lick,
SVP of Education, 701.223.5303 or dorothy@ndba.com.
Advanced IRAs
October 24, 2018 Visit the Calendar of Events at www.ndba.com for a
Courtyard by Marriott, Bismarck complete list of upcoming NDBA programs.
October 26, 2018
Holiday Inn, Fargo
11For more information regarding these educational
North Dakota Bankers Association opportunities, visit www.ndba.com or contact
Education Events Dorothy Lick, SVP of Education,
North Dakota Bankers Association, 701.223.5303.
EVENT DATE LOCATION WHO SHOULD ATTEND?
NDBA Group September 10-13 Grand Forks - Fargo - All NDBA Members!
Meetings Bismarck - Minot
NDBA Ag Credit September 27-28 Holiday Inn, Fargo Both entry-level and experienced ag lenders will
gain valuable information.
Conference
Financial Crimes October 10 Delta by Marriott, Fargo Fraud and security professionals and law
enforcement officers gather to share information
Conference and resources.
Certified Banking October 17-18 Courtyard by Marriott, Bismarck IT managers, network administrators, IT specialists.
Security Technology
Professional
(CBSTP™)
HSA Workshop October 22 Holiday Inn, Fargo Attend the HSA Workshop for practical
understanding of critical rules and operational
issues of a successful HSA program.
IRA Seminars October 23 Courtyard by Marriott, Bismarck IRA Essentials gives attendees a solid foundation
October 24 Courtyard by Marriott, Bismarck of IRA knowledge. Advanced IRAs builds on the
October 25 Holiday Inn, Fargo attendees’ knowledge of IRA basics to address
some of the more complex IRA issues their banks
October 26 Holiday Inn, Fargo
may handle.
Security Workshop November 1 Radisson, Bismarck Security officers or directors, operations managers,
auditors, HR Directors, legal staff, loan officers,
disaster recover managers, collection staff and
fraud investigators.
Call Report Seminar November 8 Courtyard by Marriott, Bismarck The seminar is designed for more experienced
preparers and reviewers interested in newer
reporting requirements.
NDBA Bank January 24 Ramkota Hotel, Bismarck Presidents, CEOs, senior management and
directors.
Management
Conference and
Legislative Dinner
12Upcoming
Bank Webinars
NDBA offers convenient bank training and access
to timely topics through a variety of webinars.
EVENT DATE EVENT DATE
CRE Appraisals: Regulations and August 20 Compliance Issues From The August 29
the Review Process Economic Growth, Regulatory
Presenting Powerfully August 21 Relief and Consumer Protection
Act
HMDA Data - Trust But Verify August 21
Sixty (60) Critical Steps for August 30
Key Ratios August 22 Properly Handling Delinquent and
Customer Service vs. Customer August 22 Abandoned Safe Deposit Boxes
Experience Diversity & Inclusion in the August 30
Incentives, Ethics, Account & August 23 Workplace
Loan Growth Core Management Skills September 4
Auditing Your Bank Secrecy Act August 23 What to Do When a Customer September 5
Program Dies
Call Report - Lending Schedules August 24 Commercial Construction Lending September 5
for Banks
Federal Benefit Payments September 6
Top 10 Most Common TRID August 27 Garnishment Requirements
Issues
Do’s and Don’ts on Checks September 6
Advanced Cash Flow Analysis August 28
FFIEC Guidance on Employees’ September 7
Texas Specific Webinar - Elder August 28 Use of Social Media
Financial Exploitation
ACH Exception Processing August 28 For more information, visit www.ndba.com and
click on “Education” and then “Web Seminars.”
The ACH Audit & Risk August 29
Assessment: What You Need to
Know
132018 NDBA Peer Group
Consortium
Experience Positive
Outcomes
Besides experiencing the
positive outcomes of peer
networking, two exceptional
presenters received rave
reviews from the attendees.
Dr. Corey Martin, a Yale-trained physician originally
from Steele, ND, shared an important and meaningful
message on gratitude and the power of social
connections stressing that it matters how we “show
The NDBA Peer Group Consortium is a unique event up” and participate in each other’s lives. Dave
when six NDBA peer groups join together to experience DeFazio, partner at StrategyCorps, delivered an
the positive outcomes of learning from each other. entertaining and thought-provoking presentation on
how Amazon Prime is changing the way we buy things
Over 100 participants took the opportunity to meet
and encouraged bankers to understand these trends
peers and share knowledge during the 2018 NDBA
and think about ways to better connect with today’s
Peer Group Consortium, held August 9 at the North
modern consumers.
Dakota Heritage Center & State Museum, Bismarck.
The six peer groups meeting were: Audit, Compliance, Jackie Bauer, NDBA Business and Database
Enterprise Risk Management, Human Resources, Coordinator, also visited each peer group to promote
Information Technology and Marketing. Many bankers the NDBA Google Groups. Each peer group has its
and sponsors also boarded the Lewis & Clark Riverboat own Google Group, which allows for questions and
for beautiful, relaxing dinner cruise on the Missouri answers to be shared among North Dakota’s bankers
River on August 8. by peer discipline throughout the year.
14“I enjoy the Consortium each time I’m able to
attend. Just wanted to pass along my GRATITUDE
to the NDBA staff!”
“Thank you NDBA for
putting together such a
great event! My team had
such fun at the riverboat
ride. The Consortium event
was well done! We enjoyed
the speakers, food, networking with “I have learned more
friends/sponsors and the individual in the past two hours
peer group meetings. My group was so from my peers than
inspired after leaving – we talked and I have in the last six
shared all the way to Jamestown!” months through other
resources. Thank you!”
“Thank you for such of a wonderful
Consortium! The riverboat cruise is such a
“The Consortium was a
good time, and I connected with a couple of
great day of connecting
ladies who ended up having questions about
with others and
some trust software. I was able to help them
listening to some great
thanks to my time in our trust department.”
speakers.”
“Thank you for creating the
peer groups. It is rewarding
to see how they have grown
and how many people and
banks are impacted. The
peer groups are an asset to
our bank. ”
The 2018 NDBA Peer Group Consortium was possible because of these great sponsoring companies:
152018 NDBA
Ag Credit Conference
September 27-28 • Holiday Inn • Fargo ND
REGISTER NOW AT WWW.NDBA.COM.
The NDBA Ag Credit Conference is an annual event held each fall. This
conference is tailored so both entry-level lenders and experienced ag loan
officers will gain valuable information to assist the agricultural community and
financial institutions in becoming better informed about the latest innovations
and technology in and for agriculture and agricultural-related businesses.
162018 NDBA Ag Credit Conference Keynote Speakers
Matt Roberts
Matt Roberts, founder of The
John Blanchfield Kernmantle Group, is a nationally-
renowned expert and speaker on the grain
and energy markets. Roberts received a
John Blanchfield owns Agricultural B.A. in economics from William Jewell
Banking Advisory Services, an College in Liberty, Missouri, and a Ph.D.
independent consultancy dedicated to in economics from North Carolina State University. From
helping ag bankers and their customers 2001 through 2016, Roberts was an assistant and associate
better understand the intersection of ag professor in the Department of Agricultural Economics at The
policy and the real agricultural economy. Ohio State University.
John was formerly with the American Bankers Association,
where he oversaw all ABA agricultural banking policy for over
twenty five years. John Shutske
John Shutske is a professor and
cooperative extension specialist at the
Lt. Col. Robert J. Darling University of Wisconsin-Madison.
Shutske studies the impact of stress on
Lt. Col. Robert J. Darling, United States farmers and their family members. He
Marine Corps (Retired), flew Cobra will share specific approaches agricultural
attack helicopters in Desert Shield and professionals can take to mitigate stress and improve
Desert Storm and in Somalia. In 1998, communication during times of change and uncertainty.
he was selected to fly as a presidential
pilot with Marine Helicopter Squadron
One and, in October 2000, he was selected to work for The
White House Military Office, Airlift Operations Department. Eric Snodgrass
It was in that capacity that then Major Darling supported the
President, Vice President and National Security Advisor in Eric Snodgrass is the director
the Presidential Emergency Operations Center (PEOC) on of undergraduate studies for the
September 11, 2001. department of atmospheric sciences
at the University of Illinois at Urbana-
Champaign. Snodgrass’ research
initiatives focus on K-12 science education as well as weather
Dr. David Kohl forecasting applications in financial markets. He is the co-
founder of Global Weather and Climate Logistics, LLC,
For 25 years, Dr. David Kohl was pro- a private company that provides logistical guidance and
fessor of agricultural finance and small solutions to weather sensitive financial institutions.
business management and entrepreneur-
ship in the Department of Agricultural
and Applied Economics at Virginia Tech
in Blacksburg, Virginia, where he is now Professor Emeritus. Scott Steffes
He is also president of AgriVisions, LLC, a knowledge-based
consulting business. Kohl is a business coach and part-owner Scott Steffes is president of Steffes
of Homestead Creamery, a value-added dairy business. Group and holds many titles, degrees,
and awards. He is a past recipient of the
International Auctioneer Championship
(IAC), North Dakota Auctioneer
Championship, and Minnesota Auctioneer Championship.
Questions about the conference?
Call NDBA’s SVP of Education Dorothy Lick at 701.223.5303
17BUSINESS PARTNERannouncement
North Dakota Bankers Association Endorses
Harland Clarke for Marketing Solutions and
Payment Programs
Ann Reich, NDBA and loyalty. With programs for both retail and business
Senior Vice President of Strategic Partnerships customers, Harland Clarke can support you in utilizing
checks to grow revenue and enhance customer satisfaction.
The North Dakota Bankers Association (NDBA),
following extensive due diligence and approval by the Card Services
NDBA Services, Inc. Board of Directors, is pleased to
Harland Clarke makes debit, credit, ATM and prepaid
announce its endorsement of Harland Clarke, a leading
card programs easy and effective – from design,
provider of customer engagement solutions that help
manufacturing and personalization to instant issuance –
connect businesses and people how, when, and where it
helping to increase card usage and activation.
matters. NDBA joins 11 other state bankers associations
across the country that endorse Harland Clarke through NDBA members interested in learning more about our
Synergy by Association, an association group purchasing new partnership can contact me directly at (701) 223-
organization owned by our friends at the Oregon Bankers 5303 or ann@ndba.com. They can also reach out to
Association. This “power in numbers” approach translates either of the Harland Clarke representatives supporting
into more competitive pricing and solid service and the program:
performance guarantees for NDBA members.
Michael Palmer, Director of Sales
As an industry leader serving financial institutions for (913) 529-9905
more than 140 years, Harland Clarke understands michael.palmer@harlandclarke.com
what bankers want and need from their marketing and
payment programs. While the company’s origins trace Chris Murray, Senior Market Executive
back to check printing, Harland Clarke has evolved (605) 212-0118
significantly to offer a portfolio of solutions and services chris.murray@harlandclarke.com
that help banks better understand, target and engage their
customers, drive revenue, increase brand awareness and
deliver exceptional customer experiences. As part of the
new endorsement, NDBA members will have access to
Harland Clarke’s versatile product line, including:
Lifecycle Marketing Solutions
Engaging customers at each stage of the lifecycle –
acquisition, onboarding and cross-sell – is critical to
growing your business. With its data-driven, omnichannel
marketing programs, Harland Clarke can help you
amplify your marketing strategy and create meaningful
interactions at every touchpoint.
Check Programs
Given its history, Harland Clarke understands the vital
role checks play in profitability, customer engagement
18Harland Clarke is
Customer Engagement
Consumers are in charge. They decide what, when, how,
and with whom they do business. It’s no longer just about
satisfying your account holders, it’s about engaging them —
on their terms.
Harland Clarke can help. Our solutions help you create
engagement in meaningful ways, providing an outstanding
experience at every touchpoint and turning it into a powerful
competitive advantage. Let us help you get connected with
your account holders when, where, and how it matters.
harlandclarke.com 1.800.351.3843 | contactHC@harlandclarke.com
© 2018 Harland Clarke Corp. All rights reserved.
19122 East Main Ave., Suite 201 | Bismarck, ND 58501 | p 701.223.5303 | e angi@ndba.com
BENEFIT TRUSTSunrays Aren’t the
Only Thing You
Can Catch at the
Pool
Live Well, Work Well
Health and Wellness tips for your work, home and life
brought to you by ND BANKS Benefit Trust.
As the temperature climbs, many Americans will flock to the pool
Trouble Sleeping? Your
to find some relief from the heat. While the cool waters can be
Phone May Be to Blame refreshing, they could also be contaminated with bacteria that can
Yes, you read that headline right. make you sick. Read on to learn about the three most common
According to a new study (https:// illnesses you can catch from spending a day at the pool.
physoc.onlinelibrary.wiley.com/ Cryptosporidium (Crypto for Short)
doi/10.14814/phy2.13692) using
your phone before you go to bed Crypto, a chlorine-resistant parasite, is one of the most common
can disrupt your sleep schedule culprits for post-pool day illness and causes diarrhea, stomach pain
and prevent you from getting a and nausea. Unfortunately, symptoms can last for up to two weeks.
good night’s sleep.
To avoid getting sick, don’t swallow pool water or touch your face
Specifically, the study found that
until you’ve showered with soap and hot water.
those who use smartphones or
tablets before bed went to bed Pinkeye
later and had a later sleep onset
Between the chemicals and other people’s bodily fluids in the pool, it
than those who didn’t. The study
also found that those who used shouldn’t be a surprise that you can catch pinkeye from swimming in
their phone or tablet before a shared pool or hot tub.
going to sleep had lower levels To avoid getting this infection, wear well-fitted goggles every time
of the sleep-regulating hormone,
you get into the water.
melatonin. Lastly, the study found
that electronic device usage Hot Tub Rash
before bed reduced the period of
rapid eye movement (REM) sleep,
The warm water in hot tubs causes chlorine to break down quickly,
a vital component in our sleep making the chemical ineffective in killing the germ that causes an
patterns. itchy skin infection that can lead to a bumpy, red rash.
So, if you’re having trouble To avoid getting this rash, shower immediately after going into the
sleeping, try putting your phone or hot tub and be sure to wash your swimming suit before wearing it
122 Eastto
tablet away before heading Main Ave., Suite 201 | Bismarck, ND 58501 | p 701.223.5303 | e angi@ndba.com
bed. again. n
20122 East Main Ave., Suite 201 | Bismarck, ND 58501 | p 701.223.5303 | e angi@ndba.com
Are You Up to Date On Your Immunizations?
Every August, the National Public Health Information Coalition sponsors National Immunization Awareness Month
BENEFIT TRUST
to promote the importance of immunizations at all life stages. Vaccination protects everyone, from infants to the
elderly, from serious illnesses and complications of vaccine-preventable diseases.
Being properly vaccinated not only protects you, but everyone else around you, from falling ill with serious illnesses
like measles, polio, hepatitis and meningococcal meningitis.
Follow the provided links to learn if you and your loved ones are up to date on the recommended vaccinations for
each stage of life:
Infants and children (birth to age 6) https://www.cdc.gov/vaccines/schedules/easy-to-read/child.html#schedule
Preteens and teens (ages 7-18) https://www.cdc.gov/vaccines/schedules/easy-to-read/child.html#schedule
Adults (ages 19 and older) https://www.cdc.gov/vaccines/schedules/downloads/adult/adult-schedule-easy-read.pdf
Pregnancy and vaccines https://www.cdc.gov/vaccines/pregnancy/downloads/pregnancy-vaccination.pdf
For more information on vaccines, or to learn more about what vaccines you may need, click here or talk with your
doctor. n
Contact Angi Day at (701) 223-5303 or
angi@ndba.com for more information on
ND BANKS Benefit Trust.
Spinach Power Salad with • 24 seedless red grapes
• 1 ½ ounces walnuts (coarsely chopped)
Mandarin Vinaigrette • Reserved mandarin oranges
Dressing Directions:
• 6 ounces mandarin orange juice (reserve oranges) Combine all of the dressing ingredients in a blender.
• 2 Tbsp. apple cider vinegar Mix until combined. Divide the spinach among four
• ¼ cup olive oil bowls. Top each bowl with the shredded carrots, grapes,
• ¼ cup pure cane sugar mandarin oranges, walnuts and chicken breast. Shake
• ½ small onion (chopped) the dressing. Drizzle over each salad. Makes 4 servings.
• 1 Tbsp. spicy brown mustard Nutritional Information (per serving)
• 1 Tbsp. yellow mustard
• ½ tsp. salt Total Calories 362
Total Fat 22 g
• ½ tsp. pepper
Protein 16 g
Salad Carbohydrates 27 g
• ½ pound chicken breast (cooked, chopped) Dietary Fiber 3g
122 East Main Ave., Suite 201 | Bismarck, ND 58501 Saturated
| p 701.223.5303
Fat | e angi@ndba.com
3g
• 5 ounces baby spinach
Sodium 488 mg
• 1 large carrot (shredded)
21122 East Main Ave., Suite 201 | Bismarck, ND 58501 | p 701.223.5303 | e angi@ndba.com
BENEFIT TRUST
Live Well, Work Well
Financial tips for your work, home and life brought to you by ND BANKS Benefit Trust.
Get out of Debt and Save for the Future
Many Americans are consumed with anxiety and the funds should be placed into your three savings
frustration over the debt that they owe, and the lack of accounts.
funds to pay it off. Furthermore, most people struggle If possible, put money equaling one month’s expenses
to save a cushion of three to six months’ worth of living into the savings account for unexpected expenses.
expenses in case of an emergency - much less invest for Then, if you need new brakes unexpectedly, you will
the future. So, what is a hard worker like you supposed have the money saved already, and will be less likely to
to do to stay above water and put some money away at charge the expense.
the same time?
Place “found” money into your investments savings
It’s easier than you think if you enforce some self- account, such as money from birthdays, holidays,
discipline and have confidence in your abilities. In fact, bonuses, profits from a garage sale, etc.
you could make some major strides in your financial
3. Reduce Your Debt
status in as little as six months, if you take these
proactive steps toward greater financial standing. Pay off your highest interest credit card debt first. Pay
as much as you can each month— avoid paying just the
1. Track Your Spending
minimum payment. Since credit card companies make
Create a balance sheet and list your debts in order their money from interest payments, the minimum
from highest to lowest interest rate. Keep track of your balance payments are set extremely low on purpose. If
typical expenses for each month, while also accounting you can afford to pay more than the minimum, you will
for unexpected expenses for the entire year. Then, add pay far less in the long run.
up your liquid assets, including money in savings and
Transfer outstanding balances to credit cards with lower
investment accounts. Also list any major purchases
interest rates. Or, contact your credit card company
that you will need to make in the next year. Subtract
and see if they will match the interest rate of another
this amount from your liquid assets. The remainder will
company so that they won’t lose you as a customer.
be what you have available to pay off your debts. If you
have a deficit, you will need to trim your expenses. Cancel old credit cards so you are not tempted to
use them. Only keep two and store them at home for
2. Build Money in Savings
emergencies.
Link your savings and checking account with an ATM
Contact the National Foundation for Credit Counseling
card. Then, set up three savings accounts – one for
to develop a structured debt payment plan at 800-388-
emergencies, one for unexpected expenses (car repairs,
2227 or at www.nfcc.org.
medical bills, etc.) and one for investments.
Your debt problem will not go away immediately, but
Carry your ATM card only when it is absolutely necessary,
you do have the power to make it better over time. If you
and withdraw only what you need for the week.
combine these debt reducing and savings strategies,
122 East Main Ave., Suite 201 | Bismarck, ND 58501 | p 701.223.5303 | e angi@ndba.com
When you receive a paycheck, place only what you need you will be more financially secure in the future and
for the month into your checking account. The rest of well on your way to becoming financially strong. n
22North Dakota Banking Professionals Receive
Dipolmas from GSBC
The Graduate School of Banking at Colorado (GSBC) is pleased to announce the graduation of six North Dakota banking
professionals as a part of the class of 2018.
The graduates are pictured from left to right: Steve Heydt, Starion Bank, Bismarck; Ryan Spah, North Dakota Department
of Banking and Financial Institutions, Bismarck; Rob Fuller, Minot; Jared Nelson, First National Bank of Trust Company,
Bottineau; Brady Trenbeath, Bank Forward, Grand Forks; Drew Olafson, United Valley Bank, Cavalier.
GSBC awarded 164 total graduates from across the nation with a diploma in banking during a ceremony on Thursday,
July 26 at the Folsom Field Stadium Club on the University of Colorado campus in Boulder, Colo.
GSBC is America’s Premier Community Banking School which prepares bank-industry professionals to take on senior
management roles within their organizations. Each student has been recognized by his or her bank CEO, president and
supervisor as a rising star within their organization. During the 25-month program, which meets two weeks each July for
three consecutive years, students are required to complete six intersession research projects, on-campus coursework, exams
and a bank management simulation. In addition to academic coursework, students enjoyed networking with others in
their region, as well as exploring Boulder throughout their two-week visit.
23You can also read
