Pub. 12 2023 Issue 2

As a financial institution (FI), you are exempt from the Corporate Transparency Act (CTA). However, many of your business customers are not. It is important for you, as their FI, to initiate a conversation regarding what the CTA is, how it will affect your customers, and any future penalties for noncompliance. By having these conversations

Community Banks carry an ongoing burden of compliance for information technology (IT). Examiners expect the bank to undergo annual IT audits, penetration tests, policy reviews, and complete comprehensive technology plans, risk assessments and cybersecurity self-assessments all while trying to do the real work of banking in the community. Why do regulators expect this level of

The second-biggest bank failure in U.S. history is raising concerns about whether other banks are inadequately managing interest rate risks, overexposed on uninsured deposits, or — as in the case of Silicon Valley Bank — both. As of the fourth quarter of 2022, deposits that were under the $250,000 insurance limit accounted for just 2.7%

In today’s fast-paced world where everyone is striving to make things easier, relationships are still important. Innovations, like AI chatbots, come from those that do not value relationships. These bots simulate conversations with a user. The thought is that these help customers get the answer quicker, but the sacrifice is the relationship. No one comes

Bankers and vendors gathered for the first time in the Little Apple. Our 27th annual conference was held February 10–11 at the Manhattan Hilton Garden Inn. Following opening remarks by current KBA Chairman Shan Hanes, he introduced one of KBA’s highest-rated presenters, Lee Wetherington. In his presentation, “Looking Ahead: Forces Shaping Banking Over the Next

Humphreys “Hump” Dean Hodge Humphreys “Hump” Dean Hodge, 88, of Augusta, KS, passed away Saturday, Dec. 3, 2022, at home. Hump was born in Ft. Worth, TX, on Oct. 30, 1934, to Martha (Humphreys) and Clifford Hodge, and grew up in Leawood, KS. Hump graduated from the University of Kansas with a degree in journalism and

Vickie Logiudici, GNBank in Girard, Receives 50 Year Club Award Congratulations to Vickie Logiudici for her 50 years in banking! Vickie began her banking career in 1971 at The Girard National Bank in Girard as a Teller/Operations. From 1981 to 2005, Vickie was the Teller/Operations at The First State Bank of Arma in Arma, KS.