Pub. 10 2021 Issue 3

Sponsored by KBA Insurance, Inc. May 9, 2022 — Sand Creek Station, Newton, KS FIRST FLIGHT 1st PlaceDahx Marrs, Kansas Bankers Tech, SalinaAndrew Manley, Kansas Bankers Tech, SalinaBrad Shields, SalinaRyan Peschka, Berkley Capital Management, Salina 2nd PlaceJoe White, INTRUST, WichitaGrant Paitz, INTRUST, WichitaMatt Hudson, INTRUST, WichitaNick Museousky, INTRUST, Wichita 3rd PlaceEric Porter, (ret) KS State […]

KBA Golf Classic May 10, 2021 • Newton, Sand Creek Station TEAM EVENTS AND RESULTS FIRST FLIGHT1ST PLACE Ron Johnson, Community National Bank, Seneca Mike Fahrbach, First National Bank, Hutchinson Gregg Lewis, First Option Bank, Paola Bruce Schriefer, Schriefer Consulting, Wichita  2ND PLACE Andrew Manley, Kansas Bankers Tech, Salina Dahx Marrs, Kansas Bankers Tech, SalinaBrian Boyer, Advantage Trust

Norman John SteffeyNovember 28, 1929 – March 20, 2021 Norman was born in Topeka, KS, on Thanksgiving Day, November 28, 1929. He grew up on his family farm near Ozawkie, and he attended the University of Kansas. He served in the U.S. Air Force during the Korean War with the rank of Staff Sergeant with

Loretta D. “Dee” Ledy Receives KBA 50 Year Club Award In the 53 years of her banking career, Dee Ledy has served her community of Winfield working for different banks including where she started as a senior in high school at First Community Federal Savings and Loan Association to RCB Bank, where Dee works now.

Big demand for used farm equipment creates a hot market and higher sales prices.
Due to the COVID-19 pandemic, raw materials are scarce, and heavy equipment makers have had to readjust how they are manufacturing farm equipment, which has caused production to slow down and delivery delays on new equipment to be common. The scarcity of equipment is causing a large demand for used machinery by buyers who aren’t able to purchase anything new for a period of time, creating the perfect scenario for those who want to sell equipment or are contemplating retirement and selling off assets.

As 2021 progresses, the use of LIBOR is drawing to an end. For decades, financial institutions have used LIBOR (the London Interbank Offered Rate) as the prevailing reference rate for determining interest rates in commercial and financial transactions. As a result of changes in the financial markets and as a response to the manipulation of LIBOR by several banks almost a decade ago, the United Kingdom’s Financial Conduct Authority (the FCA) announced in 2017 it did not expect LIBOR to remain as an acceptable benchmark for the setting of interest rates beyond 2021.

The short answer to that question is a
resounding “Yes!” The economy is reopening, the vaccine is widely available, and face coverings and social distancing mandates are being lifted. Regarding the coronavirus pandemic, these are all good things. However, regarding a bank’s loan portfolio, there may still be some lingering risks of which bankers will need to stay abreast.

2020 may be behind us, but the year’s historic economic shocks and financial market volatility will leave a lasting impact on our business markets and balance sheets. As we strategize for the future, the importance of a dynamic and scenario-driven ALCO decision-making process is abundantly clear — especially given it may be harder than ever to predict the path ahead and thus your bank’s performance.

It can be tricky to separate the concepts of risk and significance when it comes to vendor management. Are they just two paths to say the same thing? Does one depend on the other? How does due diligence play into those ratings? If you’ve asked those questions before, or if this is your first time to see them, you’ve come to the right place. Let’s explore this idea.

Experts predict a continuing rise in bankruptcy filings as COVID-related debt relief expires. This article is intended to provide creditors with a brief bankruptcy overview, including the most common types of bankruptcy cases, to enable them to more confidently participate in the bankruptcy process. Of course, bankruptcy is complex, and each case is uniquely nuanced. Creditors should contact a bankruptcy attorney for assistance in responding to specific bankruptcy filings.