december 121814

to have a congressional delegation who understands the frustrations that bankers and their customers have experienced the past several years as a result of regulations and laws. With a new Congress set to take the reins in January, bankers may see changes to ease banking regulations.

Volume 70, Number 12 • THE NEWSPAPER OF THE MISSOURI BANKERS ASSOCIATION • Thursday, December 18, 2014

The Missouri Banker

Visit our web site at www.mobankers.com

National Campaign Emphasizes ‘Hometown Bankers’By Lori BruceCommunications DirectorMBA

If you follow Sunday morning news programs, you may have noticed new television ads featuring bankers throughout the nation. In each ad, the message is clear — “We’re America’s hometown bankers, and we’re here to help you realize your dreams.”

Produced by the American Bankers Association, these ads began running earlier this month and will continue in January. They showcase the ways bankers help their customers achieve their dreams, from buying a fi rst home to growing a small business. They also highlight bank technology that makes customers’ lives more convenient and secure, from 24-hour fraud monitoring to mobile check deposits.

“Earlier this year, the banking industry reached a turning point … the perception of the industry had improved to a net positive for the fi rst time since the crisis in 2008,” said Michael J. Hunter, ABA chief operating offi cer. “The ABA leadership team decided it was time to reach

out to opinion leaders and policymakers to reinforce the important role banks and bankers play in their communities.”

Hunter said the ads target decision makers who can infl uence public policy for banks. The ads do not feature actors. Rather, bankers from Colorado, New Mexico, Oklahoma, South Dakota and Virginia star in the ads, “which refl ects our membership of banks of every asset class and business model,” Hunter said.

This concept of hometown bankers is not lost on bankers in the Show-Me State. Bankers throughout Missouri exemplify this notion daily from their interactions with customers in their communities. Whether it is guidance to business owners, helping fi nance an auto loan or teaching fi nancial savings to students, bankers are an integral part of their communities.

“As bankers, we have many responsibilities, but our greatest responsibility lies in our relationships with our customers,” said Max Cook, president and CEO of the Missouri Bankers Association. “They trust

us with their dreams of purchasing their homes and running their own businesses. Our customers are our greatest asset.”

Cook said MBA strives to “enhance an environment where banks succeed in helping their communities to prosper.” In the last few years, restrictions from regulatory agencies and legislation have hindered banking activities, which have affected businesses and customers in communities nationwide.

“The provisions in Dodd-Frank and the onslaught of regulations radically changed the banking industry,” Cook said. “The repercussions from these measures continue to be felt by customers and businesses in our communities as they work to secure home loans and expand their businesses.”

“Our customers know we are Main Street, not Wall Street,” Cook added. “Our job is to reinforce the message that we are hometown bankers with our state lawmakers in Jefferson City and our congressional leaders in Washington, D.C.”

Cook notes that bankers in Missouri are fortunate

“The past few years have been brutal for bankers and our customers,” Cook said, “but we have an opportunity to share our story with lawmakers. We want to see our communities thrive, and we want to help our customers realize their dreams. We are hometown bankers.”

America’s Hometown BankersThese “America’s Hometown Bankers” ads from the American Bankers Association showcase how bankers help their customers with buying homes and growing their small businesses, and the bank technology that makes customers’ lives more convenient and secure.

To view these ads, visit mobankers.com and share your stories as hometown bankers in Missouri.

The Missouri Banker December 18, 2014

Address ChangesSubmit address changes for The Missouri Banker to MBA, P.O. Box 57, Jefferson City, MO 65102, Attn: Database Manager or email [email protected].

The Missouri Banker573-636-8151

Max CookPublisher

[email protected]

Lori Ann BruceEditor

[email protected]

The Missouri Banker (USPS Number 000044, ISSN Number 0893-5637) is published 12 times a year (once a month) by the Missouri Bankers Association, 207 E. Capitol Ave., Jefferson City, MO 65101. Second-class postage is paid at Jefferson City, Mo. Copyright© 1998 by the Missouri Bankers Association. All rights reserved. POSTMASTER: Send address changes to The Missouri Banker, P.O. Box 57, Jefferson City, MO 65102. Opinions expressed in any signed article in The Missouri Banker are those of the author and should not be construed as the viewpoint of the editors or of the Missouri Bankers Association. Neither should information provided in The Missouri Banker be construed as legal advice. The Missouri Banker does not provide legal advice, nor does it take the place of legal counsel hired by fi nancial institutions. While this publication makes a reasonable effort to establish the integrity of advertisers, it does not endorse advertised products or services, unless otherwise so stated. This issue may contain legislative advertising. Advertising copy is generally segregated from news and other information.

Dan RobbChairmanMissouri Bankers Association

Chairman’s CornerBanks’ Core Values Remain In The New Year

I seem to have the same thought around this time every single year — it’s December, where did this year go??!! It seems as if we just started 2014, and now it’s time to fl ip the calendar to another new year. They

say time fl ies when you’re having fun, but I wouldn’t mind a short delay every now and then!

For me, it’s hard to imagine that I’ve been serving as your chairman for six months. One of the highlights as your chairman is being part of MBA’s Executive Management Conference, and this year’s conference was phenomenal! It was great to see so many of my fellow bankers at the conference, which offered us a wealth of expertise from some of the nation’s best speakers. For me, the information shared by the presenters hit home in numerous ways, both professionally and personally. Here’s just a few of the things that I learned.

• The life that James Olson has lived is unbelievable. Living a secret identity is something I can’t fathom.

• Esther George echoed sentiments that all bankers hold — enough with the

regulations. They have stifl ed our industry, and it’s time to do something about this. We’re starting to see growth in our nation’s economy but for a stronger response, banking regulations need to be eased. It’s time for policymakers to move from discussion to action.

• If you get the opportunity to discuss economic policy with Marci Rossell, do it! She has so much to share from various viewpoints, and her enthusiasm for economics is contagious!

• The panel presentation from young business owners was an eye opener on many different levels. As bankers, we understand the importance of creating relationships with young adults. Yet, our traditional marketing strategies do not work with this generation. For us, the challenge is learning how to best reach these potential customers and what they want from their

banks. Once we know this, we can begin to cultivate long-term relationships.

• Speaking of traditional banking, is there such a thing given the vast array of payment options for our customers? We know our customers and their behaviors are changing … are we changing with them? The future is mobility — any time, any where, any device. What are we doing to provide convenience and ease for our customers?

• Vision, mindset and grit — that’s how Scott Burrows conquered life-altering challenges in his life. As bankers, we’re in the midst of dynamic change that is exciting and scary. What worked fi ve years ago no longer applies today. As the landscape of our industry changes, do we have the vision, mindset and grit to tackle these challenges?

As the year draws to a close, I look back on the challenges we’ve faced this past year. The regulations are still hindering us, yet we still fi nd ways to help individuals purchase their homes or start their own businesses. Why? It’s because we’re hometown bankers. We are here for our customers … from our support to community organizations and schools to our involvement in strengthening our local economy … we want to see our communities thrive. This philosophy hasn’t changed in our banks’ history, and it will continue to drive us in the years to come.

The start of a new year will bring change to our industry, but it won’t change our core values of helping our customers to achieve their dreams in communities we love. Every day, we fi ght the good fi ght … we’re hometown bankers.

Register at aba.com/Community.

Banking in a BraveNew World

ABA National Conferencefor Community BankersFebruary 8–11, 2015 | Boca Raton, FloridaBoca Raton Resort & Club, a Waldorf Astoria Resort

Community bankers are eagerly watching the industry advance from a state of

recovery to one of resurgence —and new opportunities. How we are positioned

to achieve greater profitability and sustain long-term growth in this unique

environment will be explored at the 2015 ABA National Conference for

Community Bankers. Join us!

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Lobbyist’s Update

MBA Prepares For 2015 Legislative Session

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WHEN IT COMES TO PARTICIPATION LENDING

ALL-INWE’RE

The 2014 elections are over, but candidates for statewide offi ce are announcing their intentions for 2016. One individual made the largest single campaign contribution in state history. It must be time for 2015 state legislative session to begin!

Members in the Missouri House of Representatives and Missouri Senate members will begin the session at noon Wednesday, Jan. 7. Through mid-May, there will be nearly 2,000 bills proposed, hundreds of hearings and fl oor debate.

MBA will have a full agenda during the session. Here’s a preview, keeping in mind that often new issues develop after the legislative session begins.

• Agricultural Land Issue — Following the inclusion of the captive deer language, legislation to fi x the foreign ownership of agricultural land statute failed to receive enough votes for an override of Gov. Nixon’s veto. Three bills have been introduced to correct this law so that title insurance underwriters don’t make exceptions for

title policies on certain agricultural land loans.

• Electronic Lien Releases — This is another bill that the governor vetoed for technical reasons. Supporters and sponsors will redraft and attempt to pass a version this session that the governor will approve. Efforts are under way to fi nally upgrade the Missouri Department of Revenue’s computer system. An appropriation likely will be required.

• Bank Robbery/Criminal Code — Legislation will be sought to clarify that bank robbery is bank robbery. Sounds logical,

right? The court system continues to hear cases alleging “stealing,” which is a lesser offense than robbery.

• Missouri Merchandising Practices Act — Plaintiffs’ attorneys continue to fi nd creative ways to sue banks and businesses under Missouri’s consumer protection law. The Merchandise Practices Act will be the subject of debate among lawmakers this session.

Often, defeating a legislative proposal is even more signifi cant than passing pro-industry bills.

• The state auditor’s offi ce is likely to pursue legislation to eliminate or severely restrict underwriting and sales of “negotiated” local bonds. The results would be harmful to local subdivisions, including school districts and the banks that serve these communities. Rep. Paul Curtman, R-Pacifi c, has already fi led legislation that would limit general obligation bonds and refi nancing bonds to a competitive bid process, and eliminate negotiated

continued on Page 9

Craig OverfeltMBA Senior Vice [email protected]


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The Missouri Supreme Court recently heard a robbery case seeking to overturn a robbery conviction to a lesser offense of stealing. The case is State of Missouri, Respondent, vs. Claude Dale Brooks, Appellant. The Missouri Supreme Court issued its ruling in November.

The public defender in this case sought to void the bank robbery conviction of Brooks on the basis that “robbery” is defi ned in the state criminal code as “forcible stealing” and that Brooks merely presented a note demanding money and made no physical, verbal or overt threat of force. The record in this case shows the lower court was well aware of the training and procedures in place at banks to protect the lives of employees and customers. The Missouri Supreme Court unanimously affi rmed the lower court’s conviction. In reviewing

the record in this nonjury, judge-tried case, the Missouri Supreme Court determined the trial court had a basis in the record to fi nd that “force” was threatened or applied. The facts the Missouri Supreme Court found to affi rm the robbery conviction for Brooks follow.

Facts — Claude Dale Brooks entered a St. Charles County bank in August 2011 wearing bulky clothing, a wig, a baseball cap and sunglasses. He handed the teller a note that read “50 & 100’s, No Bait Bills, Bottom Drawer.” When the teller walked away from her station to retrieve the money, Brooks slammed his hand on the counter, telling her to “get back here.” The teller put the money in a bag she gave Brooks. Police arrested Brooks nearby with the bag of stolen money on his person; the wig and cap were in a storm drain not far away.

The state charged Brooks with second-degree robbery, and he was tried by a judge rather than a jury. At the close of the state’s evidence, Brooks moved for a judgment of acquittal, arguing the state did not present suffi cient evidence that he used or threatened the use of immediate physical force against the teller. The trial court overruled his motion, found him guilty and sentenced him to prison. Brooks appealed the court’s ruling.

Court en banc holds — Section 569.030, RSMo, provides that a person commits second-degree robbery when he “forcibly steals” property. Section 539.010(1), RSMo, defi nes “forcibly steals” as when, in the course of stealing, a person uses or threatens the immediate use of physical force against another person for the purpose of defeating

resistance to the theft or compelling the surrender of the property. Use of a weapon is not necessary to sustain a second-degree robbery conviction. There was suffi cient evidence in the record that Brooks’ actions constituted a threat of immediate physical force for the purpose of both defeating resistance to the theft of the bank’s money and compelling its surrender. His disguise and note indicated his clear purpose was to steal money. He slammed his hand on the counter when the teller walked away and watched her movements as she retrieved the money. Other tellers were fearful for their safety, as was the teller Brooks approached. A reasonable inference drawn from Brooks’ actions was the threat of immediate physical force to the teller should she not comply with his demands.

Although this case turned out the right way, it suggests a road map to rob banks and to act in a certain manner so as to be exposed only to the lesser offense of stealing. The criminal code establishes enhanced penalties for stealing from a pharmacy, for cattle rustling or stealing meth-making chemicals. MBA’s legislative affairs committee is considering whether similar provisions would be merited for stealing from a bank, with no threat of force exhibited, so as to provide an appropriate deterrence to criminals who might seek to avoid a robbery charge and fi t their actions to the lesser offense of stealing. MBA is drafting proposed legislation to close the potential loophole that exposes bank employees and customers to great peril.

Information about this case is available at www.courts.mo.gov/fi le.jsp?id=80585.

Legal Briefing

When Is A Bank Robbery Not A Bank Robbery?Keith Thornburg

MBA General [email protected]


Compliance Update

By Chuck LewisVice PresidentCompliance Services

To those in my generation, hearing these words, whether over the radio or the televi-sion, made a person stop and immediately focus on what was going to be said next. To a much lesser degree, the Consumer Financial Protec-tion Bureau recently reverted, somewhat, back to this atten-tion “grabber.”

In early November, the Mis-souri Bankers Association and other trade associations received a message from CFPB urging recipients to heed the necessity of becom-ing aware of changes in the

rules for consumer real estate disclosures, effective Aug. 1, 2015. Concerned that credi-tors may not realize the depth and scope of these changes, CFPB’s message stated,

“We want to hear from state representatives and creditors about any is-sues that may confl ict with or impede creditors’ implementation of the new disclosures, particularly after they have discussed implementation with their vendors and settlement service providers. We ask that you please forward the following information to your members and encour-age them to provide their feedback to us.”

Here is information that CFPB has asked MBA to provide to our members.

Information About The Rule“The Good Faith Estimate (GFE) and initial Truth-in-Lending (TIL) disclosures have been combined into a new form, the Loan Esti-mate. Similar to the GFE/TIL forms, the new Loan Estimate form is designed to provide information that will help consumers understand the key fea-tures, costs, and risks of the mortgage loans for which they are applying. The new Loan Estimate must be provided to consumers no later than the third business day after consumers submit

a loan application. The HUD-1 and fi nal Truth-in-Lending disclosures also have been combined into another new form, the Closing Disclosure, which is designed to provide information that will help consumers understand all of the costs of the trans-action. The new Closing Disclosure must be pro-vided to consumers at least three business days before consummation of the loan. The Loan Estimate and the Closing Disclosure were created to be similar in design and format to make it easier for consumers to understand the costs of their transactions and be better able to compare the

fi nal costs to those costs that were disclosed to them at the beginning of the process.

The Integrated Mortgage Disclosures rule is not simply combining two sets of disclosures to create the Loan Estimate and Closing Disclosure; it is merging two federal regulations as well. The rule will af-fect creditors, settlement agents, and technology and service providers. This will require changes to internal operations and procedures, technology platforms, business strategies, and processes and partnerships with external stakeholders

‘We Interrupt This Broadcast For Some Breaking News’

continued on Page 6

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such as title and settle-ment partners as well as realtors.”

Implementation Support“The CFPB wants to get the word out to ensure that all creditors know about the implementation support that is available and how to obtain answers to questions on the rule itself.”

Available Support• CFPB resources, including

videos, guides and other materials

• a series of webinars, in conjunction with the Fed-eral Reserve

• an “eRegulations” site for referencing the rule

Best Practices In Preparing For Creditor Implementa-tion• Read the rule and un-

derstand the changes that affect the creditor’s processes.

• Develop a plan to get ready for Aug. 1, 2015, implementation, includ-ing staff training, process change management, test-ing technology updates, reviewing partner relation-ships and how to manage the transition to the new process.

• If creditors still have questions about an inter-pretation or application of CFPB’s regulations, they can email their specifi c regulatory inquiries to [email protected].

• Reach out to vendors to ensure they are on track to implement the necessary changes.

• Plan for how the institu-tion will work with settle-ment service providers. Creditors will be respon-sible for the accuracy of disclosures.

FeedbackCFPB invites creditors’ feedback on its implemen-tation efforts, including any vendor and settlement service provider issues. In addition, CFPB welcomes comments about additional implementation support that may be needed. Please send your comments, concerns or feedback on implementation to [email protected].

MBA encourages banks to provide feedback to CFPB as they have requested. Please copy any email to CFPB to Mike Noblett at MBA at [email protected] so we are aware of issues you are facing.

MBA has scheduled four full-day training sessions on changes. Programs will begin in March throughout the state. More information and registration materials will be forthcoming from MBA.

This article is for informa-tional purposes and does not contain or convey legal ad-vice. The information should not be used or relied upon in regard to any particular situ-ation without consultation with your bank attorney.

MBA Compliance Services and its Compliance Force program offer various programs to aid banks with compliance needs, including on-site education, in-bank training, compliance and loan reviews. For more information, contact Carol Barnett, MBA senior vice president of compliance services, at 573-636-8151 or [email protected].

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continued from Page 6

CFPB Offers Resources, Support To Prepare For Creditor Implementation


By Jason Bauer, FI SpecialistMBIS

At Missouri Bankers Insurance Services, 2014 gave us the chance to continue to hone a deep level of expertise for the specifi c insurance needs of the community banks we serve throughout Missouri.

We’re now working with more than 200 banks. And, we are absolutely confi dent that we are servicing the community banking space in ways no other agent or broker is able or willing to do. Exactly how can we make that claim?

The core of our capabilities, and what genuinely sets us apart, begins with our proprietary Risk Review Analysis.

This process, which we built in-house at MBIS, is an exhaustive appraisal of the current policies that banks hold. We offer it as a complimentary service to the community banking industry.

When we say exhaustive, we mean it. Every item of every area of coverage is examined. We apply a score from 1 to 5 for each specifi c line item of coverage under every area of a bank’s policy.

The review breaks existing protections down to their fi nest points. Does the employment practices policy cover third-party harassment risk? Does the D&O coverage include a modifi ed hammer clause? Does the bank’s property policy cover remote ATM units?

If it sounds specialized, that’s because it is. That’s where we set ourselves apart from other insurance consultants when it comes to smaller lending institutions. MBIS brings a highly specialized team and capability to the table when we set out to service community banks. This has proven to mean real results for our banking partners.

The extent of our review doesn’t stop there. After providing an objective program grade upon reviewing the incumbent coverage, we issue an executive summary that clearly outlines where existing coverage and limits may be excessive or may be lacking. We benchmark our recommendations against standard levels of coverage

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with community banks of equal size.

We also offer a detailed review of the incumbent carrier. As an independent agent, we are not beholden to any one carrier or any one program. This is important because there is no one-size-fi ts all solution when it comes to protection for community banks. We strongly advise all our clients to place their business with the highest rated carriers.

Then, we provide our clients with a comprehensive list of the areas of most active litigation against lending institutions and data on who is suing banks (customers, third parties, regulatory agencies). We then cross reference that data with the extent of coverage in the existing policies.

After all of that, we’re able to provide specifi c recommendations to policy improvements.

It’s important for the community banking industry to understand that such an exhaustive Risk Analysis Review often results in lowering premium payments. Too often, the knee jerk presumption is that the best policy is the most expensive, which is an understandable instinct for bankers to form when they don’t have access to a specialist to service their banks.

Generalist agents play an important role in certain areas of the economy. But when it comes to banks and the myriad, constantly evolving risks they face

The Role Of Community Bank Insurance Specialists

(800)-982-6564 www.MyMBIS.com

MBIS provides an enhanced portfolio of products, customer support and skilled insurance consultation for financial institutions. As a member of MBA, take advantage

of services like a complimentary review of your bank insurance program.

Let us help you, so you can focus on what you do best.

continued on Page 9


Titling Tips

By Linda PetersenManagerMBA Title Service

Because it is the season for gift giving, we are going to talk about gifting vehicles and other titled items. If you have a vehicle that has a title in your name and shows you paid the sales tax on it, you are allowed to gift this

Tis The Season For Gifting Vehicles In Missouriitem to another individual. The gift we talk about is a total change of ownership. Partial changes in ownership are handled differently and were covered in the February 2014 issue of The Missouri Banker.

There are a couple of unique things about a gift with a title that you need to know. The

fi rst unique feature of gifting a vehicle is that the sales tax must have been paid on the unit when you purchased it. In other words, you cannot gift a gift.

Another feature is how you communicate the gift to the Missouri Department of Rev-enue. On each title applica-tion, a box in the lower right hand corner reads “If exempt from State or Local Taxes, enter exemption code here.” If you are applying for a title on a unit that was gifted to you, enter the number six in this box because this is the exemption code for a gift.

Applying for a title on a gift is just like applying for a reg-ular title except you will not pay any sales tax. Complete your title application (DOR 108 or DOR 93 for boat or motor). You may have a lien on a title that has been gifted to you.

The person who is giving you the vehicle, trailer, boat, motor or manufactured home will complete a gift affi da-vit. DOR 768 is a general affi davit that has a section on it for gifting. Check the gift box and then complete the affi davit at the bottom by fi lling in the year, make, VIN and signing it. This affi davit does not have to be notarized, but it does need to be dated.

The date on the gift affi davit becomes the new owner’s purchase date. The new owner has 30 days to fi le for a title in his or her name be-fore penalties start to accrue. Penalties are $25 per month after the fi rst 30-day period, up to a maximum of $200. (Marine titles are $10 after 60 days, with a maximum of $30)

The back of the title must be assigned to you from the pre-vious owner(s). The previous owner will sign and print as the seller, and you sign and print as the purchaser. The seller fi lls in your name and address and the date of sale from the gift affi davit. If the vehicle is less than 10 years old, you must record the mileage on the assignment.

A lender with a lien on a gifted unit treats this transac-tion in the same manner they would treat a purchase. The Notice of Lien (DOR 4809) only is fi led by the lender. The exception to this is a manufactured home with a previous Missouri title where no sales tax is ever required. In this case, the lender would be able to fi le the title ap-plication with the new lien recorded on it.

The recipient of a gift goes to the license bureau to have the title transferred to his or her name and purchase license

plates or registration for the unit. On vehicles, the new owner must have the titling documents listed above and the title, plus proof of insurance, an inspection and proof that the owner has paid the previous years’ personal property tax. If the owner did not owe personal property tax previously, a personal prop-erty tax waiver is obtained from the county assessor.

Checklist for Title on a Motor Vehicle Gifted to a New Owner• assigned title• gift affi davit• title application DOR 108• lien release, if needed• inspection • proof of insurance• proof of paid personal

property tax

Checklist for Title on a Boat, Motor, ATV, Trailer or Manufactured Home Gifted to a New Owner• assigned title• gift affi davit• title application (DOR 108

or DOR 93 on boats and motors)

• lien release, if needed

For more information, contact Linda Petersen, manager, or Joyce Vaught, title service specialist, with MBA Title Service at 573-636-8151, [email protected] or [email protected].

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every day, a specialist is absolutely necessary to deliver the comprehensive protections that no properly run community bank should do without.

That brings us to an important point. Most community banks are not working with a lending institution specialist. That can sometimes be an error of omission on the part of the bank, but it can also be explained by the fact that there are a limited number of independent agencies that have the ability to invest in developing the expertise to rightfully be called institution specialists.

In other cases, banks work with a generalist for the benefi t of business synergies. Often a generalist agent may sit on a bank’s board.

Where these relationships with a generalist exist, wherein they provide other value propositions outside the capabilities of a fi nancial institution insurance specialist, MBIS is willing to partner with the incumbent agent. This allows banks to preserve the relationship with the generalist and

continue to benefi t in those ways ancillary to their pure insurance needs while still bringing to bear the fi nely tuned eye of MBIS’ specialized team of consultants and services.

That’s an extension many specialists would be reluctant to make. However, at MBIS, we offer it for the betterment of the bank. That’s our guiding philosophy. When we stick to that principal, ultimately our relationships and abilities grow. That’s something we’ve learned through experience.

During the past year, MBIS has written extensively on emerging areas of risk and the breadth of competitive advantages national and multinational banks enjoy by virtue of their sheer size. And, we’ve recognized the invaluable level of service that community banks provide at the local level.

The type of Risk Analysis Review we provide for community banks is standard fare at the largest institutions. In this way, we deliver the comprehensive expertise and solutions to smaller institutions that are common

with the biggest competitors.

That helps community banks level the playing fi eld. When insurance protections are properly in place, more energy can be focused on the pure business of banking and the continued support of the nation’s economy at the local level.

We feel too many bankers refl exively fi nd the prospect of a Risk Analysis Review as thorough as MBIS’ as daunting. We understand that, but we also know our position as a community bank specialist has been built on a foundation of trust. That’s why we claim a 97 percent retention rate. So call us. Let us remove the fear and explain what our review can do to improve your bank’s protections.

To learn more about MBIS products, contact Jason Bauer, FI specialist, director with MBIS, at 844-546-7034 or [email protected].

ActionsPony Express Bank in Braymer fi led an application Nov. 4 requesting permission to establish and maintain a separate branch at 8401 N. Booth Ave. in Kansas City. The bank withdrew its application Dec. 1.

An application has been fi led for approval of a plan of merger of Old Missouri Bank in Springfi eld with and into Bank of Ash Grove, Charter No. 239 (the surviving bank), under the articles of agreement of Bank of Ash Grove, pursuant to which the main banking

house of the surviving bank shall be the present main banking house of Old Missouri Bank in Springfi eld.

BANK 21 in Carrollton has returned for cancellation Certifi cate of Authority No. 3895 that authorized a separate branch at 608 S. Main in Carrollton. The bank discontinued operation of this branch on Nov. 26, 2014. Accordingly, Certifi cate of Authority No. 3895 is considered to be null and void.

Debbie Hardman, acting commissioner of the Missouri Division of Finance approved the merger of Peoples Bank of the Ozarks in Nixa, Charter No. 2091, with and into Southern Bank in Poplar Bluff, Charter No. 330 (the surviving institution). The main banking house of the surviving bank is the present main banking house of Southern Bank in Poplar Bluff. Because the banks were wholly owned by the same bank holding company, the merger took effect

immediately after close of business Dec. 5, 2014.

Central Bank of Kansas City returned for cancellation Certifi cate of Authority No. 2408 that authorized a separate branch at 3600 Broadway in Kansas City. The bank discontinued operation of this branch Nov. 30, 2014. Accordingly, Certifi cate of Authority No. 2408 is hereafter considered to be null and void.

The Bank of Fairport has requested permission to relocate the main banking

house from 6520 N. State Route A in Fairport to 401 W. Main in Maysville.

The Bank of Grandin has requested permission to establish and maintain a separate branch at the junction of Highway 67 South and State Highway 158 in Harviell.

bonds as an option. House Bill 204 is opposed by MBA, the Missouri Independent Bankers Association, school groups, bond underwriting fi rms and municipal government groups. MBA urges members to express your opposition to House Bill 204 to your state lawmakers.

MBA will be asking members to contact lawmakers other measures throughout the session. Your presence in Jefferson City through the Target Banker program and interactions with legislators in your own communities are invaluable.

Ethics is an issue receiving attention with extensive news coverage and many pre-fi led bills. Here are some of the recent developments driving the ethics issue.

• A candidate for lieutenant governor received a $1 million contribution from an individual, and the candidate is not the incumbent. Unlimited campaign contributions

may be a subject of debate among lawmakers.

• A Republican member of the House accepted a lobbying job, reducing the GOP majority to 117 members. There are now at least 50 former lawmakers who are lobbyists. Proposed legislation would require a waiting period before lawmakers can become lobbyists.

In addition, there is ongoing controversy on lobbyists’ gifts to lawmakers and contributions made during the session.

Thanks to the bankers who contributed to MBA PACs this year. The amounts contributed are back to levels not seen since the recession.

Thanks again for your support in 2014. Happy Holidays from the MBA staff!!

continued from Page 7

The Role Of Community Bank Insurance Specialistscontinued from Page 1

Session May Spur Ethics Debate


SAVE THE DATE! CELEBRATING 50 YEARS

MBA 50th AnnualWomen Bankers Conference

April 23-24, 2015Tan-Tar-A Resort Osage Beach

Associate Member Profile

Please describe your busi-ness.BKD, LLP is so much more than a public accounting fi rm; we provide a wide vari-ety of highly specialized ser-vices beyond the traditional audit and tax services. More important, we are our client’s advocates. We strive to use our experience, knowledge

and expertise to make our clients success-ful in dealing with a highly regulated and ever-changing bank-ing industry.

What is your busi-ness philosophy?Our philosophy is to provide unmatched client service while delivering a high level of knowledge, experience and expertise in serving the needs of each of our clients.

What are your key ser-vices? As a CPA and advisory fi rm, we provide the typical

fi nancial statement audit, internal audit and tax ser-vices. However, in serving the banking industry, we also provide consulting and assis-tance in so many other areas of the industry, including asset-liability management, loan review, information technology services, foren-sics, valuations, regulatory compliance, and mergers and acquisitions.

Why do these services mat-ter to Missouri banks?Banks are the economic engines that drive the success of their communities. To do that, ownership and manage-ment want to run their banks as a successful and profi table business while serving their communities and providing successful career opportu-nities for their employees. BKD’s services help them achieve those goals.

What is a major challeng-ing confronting banks today?The cost of implementing and complying with new and increasing regulations is what bank management wor-ries about the most. There is a gap in the level of knowl-edge and expertise needed to address this challenge. Our wide array of services can

help reduce that gap and re-duce the time spent comply-ing with new regulations.

What sets your business apart from others?Our dedication to providing unmatched client service in accordance with our PRIDE values. Each of our profes-sionals provides service to their clients with a focus on Pride, Respect, Integrity, Discipline and Excellence.

What makes you the most proud about your business?Our unwavering philosophy of always doing the right thing. Sometimes, we have to put the “moose on the table” and tell clients things they don’t want to hear. However, being honest and upfront are two factors in why we have been able to retain clients for years, even decades.

What would banks be sur-prised to know about your company?BKD started the BKD Foun-dation several years ago. Within the last 14 years, the BKD Foundation, which is 100 percent funded by part-ners and employees of the respective BKD offi ces, have donated more than $3.6 mil-lion to our communities in Missouri.

What three words would you use to describe your business?Unmatched client service.

You have fi ve minutes to pitch your service to a po-tential bank. What would you say?Our job is to help you fi nd solutions to your needs, including identifying risk and fi nding ways to mitigate it, helping you comply with reg-ulations and increasing the effi ciency and profi tability so you can focus on running your business successfully.

How can banks learn more about your business?Visit BKD.com or call Don Hutson at 314-231-5544.

An MBA associate member will be featured in The Mis-souri Banker each month. MBA associate membership is designed for vendors, con-sultants and fi nancial service providers offering important products and services to Missouri banks. If build-ing stronger relationships with fi nancial institutions in Missouri would be benefi cial to your business, consider joining MBA as an associate member. For more informa-tion, visit mobankers.com.

experience ideas

St. Louis // 314.231.5544

Kansas City // 816.221.6300

Springfield // 417.865.8701

Joplin // 417.624.1065

Branson // 417.334.5165

bkd.com

24/7COMMITMENT

What’s your destination? Wherever you’re headed, BKD National Financial Services Group is ready to share the know-how you need to find the solution you’re headed toward. Experience how BKD’s round-the-clock commitment to your goals can help you by lighting a path to success.

BKD National Financial Services Group

Paid Advertisement

HOW TO SUBMIT ITEMS TO THE MISSOURI BANKER

Lori Bruce, MBA director of communications, oversees production of The Missouri Banker. Please send achievements, announcements and classifi ed

ads to [email protected] for possible inclusion in upcoming issues of The Missouri Banker.


MBAdsThe Missouri Department

of AgricultureExecutive Director

STARTING ANNUAL SALARY: $75,000

The Missouri Department of Agriculture, Missouri Agri-cultural and Small Business

Development Authority, Agriculture Business Develop-ment Division, has a full-time position located in Jefferson

City, Missouri.

Purpose of position: This is senior level professional,

supervisory, administrative and management work in the direc-tion, planning, analysis, coordi-nation, and implementation of fi nancial assistance programs and services of the Depart-

ment of Agriculture, Missouri Agricultural and Small Business

Development Authority.

If interested in applying, submit a completed applica-

tion, current resume and cover letter to the address listed below. Position open until fi lled. Application available

online at http://mda.mo.gov/hr/jobopps.php or contact:

Missouri Dept. of AgriculturePO Box 630

Jefferson City, MO 65102-0630Telephone: (573) 751-1199

Attention: HR/MSTT/TDD: (800) 735-2966

Fax: (573) 522-5692Email: [email protected] OPPORTUNITY

EMPLOYERM-F-V-D-AA-EOE

Rural Missouri bank with multiple locations seeking an experienced Compliance Of-fi cer. Deposit and operations

regulation knowledge required, certifi cations/designations pre-ferred. Competitive salary and benefi t package. Please send a confi dential resume and salary requirements to Compliance

Offi cer, Missouri Bankers Asso-ciation, Department A, Box 57,

Jefferson City MO 65102.

Community State Bank of Missouri is searching for a

Loan Offi cer to join our team at the Troy, MO, location. Ap-plicant should have knowledge of lending policies, procedures,

credit analysis, and related laws and regulations. Lincoln County roots considered a plus. Salary will be com-

miserate to experience and

We are now accep ng photo submissions for the 2016 Scenes of Missouri calendar—but only from MBA member bank employees, directors, and their family members. So send us your photos that say Missouri—from the Bootheel to the Ozarks to the northern farmland, our great ci es and all points in between—anything that features Missouri scenery, historical loca ons, the changing seasons, city scenes, wildlife, and more! You can view the 2015 calendar on the MBA web site to get an idea of the type of photos we are seeking. To be considered for inclusion in the 2016 calendar, photos must be submi ed to the MBA by May 1, 2015. If you have a photo chosen for the calendar, you will be asked to sign a release gran ng publica on permission. Photos not selected for use in the 2016 calendar may be retained for use in future calendars.

Missouri Bankers Associa on 2016 Scenes of Missouri Photo Contest

Photo by: Lori O’Reilly “Hay Time”

Putnam County HOW TO ENTER A PHOTO FOR CONSIDERATION: 1. Only digital photos will be accepted for considera on.

2. Email your digital photos as a achments to [email protected] or send a

CD containing the images to the address listed below. In your email or with your CD, include all the informa on on the entry form below.

3. Submi ed digital photos should be sent in the highest resolu on format possible, JPG format preferred. For considera on as a monthly photo, images should be saved at a minimum of 300 dpi at the actual finished size of the image, at least 8.5 by 11 inches. Photos containing copyrighted images are not usable. Links to web sites for photos (social media sites, online photobooks or shared photo web sites, etc.) are not usable for this contest.

Win $100 just for taking a picture! The photo submi ed for the MBA’s “Scenes of Missouri” 2016 calendar photo contest that is chosen “best in show” will win $100 for the photographer!

2016 Scenes of Missouri Photo Contest Entry Form

Bank Employee/Director Name ______________________________________________

MBA Member Bank Name __________________________________________________

Address ________________________________________________________________

Banker’s Phone _________________________ Email ____________________________

Photographer Name ______________________________________________________

Photographer’s Family Rela onship to Banker _________________________________

Loca on of Photo ________________________________________________________

Month Photo Was Taken __________________________________________________

Photographer’s Address, Phone Number, Email ________________________________

_______________________________________________________________________

Send CD photo entries to: Carol Barne Missouri Bankers Associa on 207 E. Capitol Avenue PO Box 57 Jefferson City MO 65101 If you have ques ons, please contact Carol Barne at 573-636-8151 or cbarne @mobankers.com

background. The bank offers a competitive benefi ts pack-

age. Interested parties should send resume to Matt Arnold,

Vice President, 101 Community Bank Plaza, Troy MO 63334.

Small bank consulting fi rm seeks full-time associate to

perform internal control reviews of Missouri and

Kansas clients. This position requires 20 percent overnight travel. Candidates must be organized, independent and

self-motivated. Qualifi ed candidates will possess BSBA and a minimum two years of banking experience. Knowl-edge of banking regulations is a plus. Email resume to hshfi [email protected].

Peoples Bank Seeking Loan Offi cer

Would you like to work in a nice offi ce, with great people? Then join the Peoples Bank

family. We are seeking a self-motivated individual in our

Highway 19 Offi ce in Cuba that is proactive, has good com-munication skills and a great

attitude. The person would be responsible for small busi-

ness and consumer lending. Banking/lender experience preferred. Apply to: Human Resources, Peoples Bank,

PO Box H, Cuba, MO 65453 or email [email protected] with cover letter and resume.

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The deadline to place a clas-sifi ed advertisement in the January 2015 issue of The Missouri Banker is Friday, Jan. 9. Email ads to Lori Bruce, MBA director of communica-tions, at [email protected]. Invoices will be emailed after ads are published.

Classifi ed advertisements are posted on the public side of MBA’s website at no extra charge for the same time period as advertised in The Missouri Banker.

Alliance Bancshares Inc. Acquires Tammcorp Inc.Alliance Bancshares Inc. in Cape Girardeau and and Tammcorp Inc. in Tamms, Ill., have entered into a defi nitive merger agreement for Alliance to acquire Tammcorp and Tammcorp’s subsidiary, Capaha Bank. Following the merger, Capaha Bank will be operated independently from Alliance Bank until the computer systems are merged. The merger is anticipated to result in a combined organization with nearly $350 million in consolidated assets that will continue to serve customers from all current locations of both Alliance Bank and Capaha Bank.

Cord A. Polen, (left), president and CEO of Alliance Bank, and John R. Abercrombie, (right), president of Tammcorp and president and CEO of Capaha Bank, said the merger creates a community banking organization with a larger asset and revenue base, allowing them to expand their services while continuing the tradition of customer service that guides each bank.


MBA’s 2015 Schools

School Objectives ______________________________________________The purpose of the school is to provide students with the knowledge and understanding of laws and regulations that impact lending practices, deposit functions, marketing and management by:

Developing an understanding of federal laws and regulations;Developing basic management skills and effective techniques for compliance administration; and

exposure to the experience and knowledge of other students.

___________________________________________

institutions.

material.

ongoing commitment to bank compliance education.Return with new and valuable compliance insights and solutions.

Missouri.

_________________________________________

provide that information by:Focusing on the operating cycle of a business, and the key variables for long term success;Helping students develop their analytical skills and management evaluation techniques;Acquiring an awareness of the economic environment and how it affects the lending decision;Understanding the borrower and loan management alternatives available to a lender in the event of loan default; and

student to apply lessons learned.

Complete school information can be found at www.mobankers.com. Or call the MBA at 573-636-8151.

___________________________________________The Missouri School of Bank Management is a two-year program with a comprehensive study of thirteen functional areas of

of the school is to provide that instruction by:

1. Imparting a thorough understanding of banking and the interrelationships of each function.

3. Enhancing analytical skills and management techniques.4. Applying the concepts learned through two interim written assignments.5. Learning management skills through a bank simulation where students experience running a bank, working with other depart-

6. Exposing students to the experience and knowledge of other bankers across the state.

december 121814

Documents

ways bankers

missouri bankers association

americas hometown bankers

concept of hometown

american bankers association

banking industry

new television ads

ease banking regulations