BANCSERVE PRESS · 2019. 4. 1. · BANCSERVE PRESS MARCH 2019 Page 5 Visit us on the web at Or...

BANCSERVE PRESSMONTANA BANKERS

ASSOCIATION OFFICERS

Chairman: Bill Lucas, Market President - BillingsU.S. BankBillings, MT

President/CEO:Steve TurkiewiczHelena, MT

Vice Chairman:Bob Galt, President/CEOFirst State Bank of MaltaMalta, MT

Secretary/Treasurer:Bill Bickle, Chief Credit OfficerStockman Bank of MontanaMiles City, MT

Immediate Past Chairman:Rex Phipps, CEO Garfield County Bank Jordan, MT

BOARD OF DIRECTORSWestern:

Ryan Clevidence, Vice PresidentFarmers State BankVictor, MT

Jake Pelczar, Vice PresidentBank of Montana Missoula, MT

Southwestern:

Gordon Johnson, PresidentAmerican BankLivingston, MT

Northcentral:

Scott Geda, Senior Vice PresidentFirst Bank of MontanaHavre, MT

Bruce Hoyer, President/CEOBelt Valley BankBelt, MT

Southcentral:

K.C. Hickok, Chief Credit OfficerBank of BridgerBridger, MT

Desiree Elkin, EVP, CCOSummit National BankLaurel, MT

Visit us on the web at www.montanabankers.com Or call: 800/541-5126

MARCH 2019

Inside this Issue

EDP Bankers Advocacy Day at the Capitol Pg. 1

UBB’s Bill Rosacker Announces Retirement Date Pg. 4

ABA Foundation and FTC Release New Infographic on Phishing Threat

Pg. 6

2019 MBA Ag Bankers Conference Pg 7

2019 MBA Conferences and Workshops Pg. 10

Endorsed Spotlight: Compliance Alliance Pg. 11

Compliance Alliance Question of the Month Pg. 12

Banks and Personnel Pg. 13

EDP Bankers Advocacy Day at the CapitolAdvocacy and government relations are one of the subjects of MBA’s Executive Development Program sessions. We were able to schedule this year’s session while the Montana Legislature is in session and the participating bankers were able to view first hand some of the activities that happen during a Legislative session.

The program included a session with Melanie Hall, Montana Commissioner of Banking and Financial Institutions and Bank Examiner Jack Evans. They gave the bankers a look at the diversity in our Montana state-chartered banks, how the examination process works and some current hot button items, i.e. commercial real estate and development, ag loans and the housing market.

ABA senior staff provided a look at the Washington DC landscape with the new congress and regulatory agency leadership. They stressed the need for bankers to respond to agency requests for comments on rules being proposed as a result of the passage of last year’s financial regulatory reform bill, S. 2155. The regulators are really interested to hear how the proposed rule changes will impact our bank customers. On the Congressional front, there is a different climate than in the last session. With the majority change to the Democrats in the House of Representatives and Committee leadership changes, the approach for bank related legislation will be different. The ABA staff discussed several major issues including data security/privacy, AML/BSA reforms, the need to study the impacts of CECL and delay its implementation, and efforts to resolve cannabis banking issues.

A side note, several bankers, will be representing MBA at the upcoming ABA Washington Summit and Emerging Leaders and Women Leadership Forums.As part of the program, the bankers met with Montana Attorney General Tim Fox and Superintendent of Public Instruction Elsie Arntzen. Arntzen outlined her efforts

MARCH 2019 BANCSERVE PRESS

BOARD OF DIRECTORS

Northeastern:

Rich Kingsley, President/CEOValley BankGlasgow, MT

Bob Galt, President/CEOFirst State Bank of MaltaMalta, MT

Southeastern:

Rex Phipps, CEOGarfield County BankJordan, MT

Scott Klein, Vice PresidentFirst State Bank of ForsythForsyth, MT

Large Banks:

Mike Seppala, President/CEOWestern Security BankBillings, MT

Bill Bickle Sr. Banking Exec., Stockman Bank of Montana Miles City, MT

Bill Lucas, Market President - BillingsU.S. BankBillings, MT

Tom Severson, Msla Mkt Pres.First Interstate BancSystem, Inc.Missoula, MT

BANCSERVE BOARDChairman:Bill Lucas, Market President - BillingsU.S. BankBillings, MT

President/CEO:Steve TurkiewiczHelena, MT

Director:Vacant

Director:Mike Grove, PresidentBank of the Rockies, N.A.White Sulphur Springs, MT

Director:Darrell Grogan, PresidentFirst State Bank of ForsythForsyth, MT

to strengthen the math curriculum in the middle schools while being mindful of the principle of school local control. The Attorney General outlined some of his high priority issues, including efforts to rein in the opioid crisis and stream line the motor vehicle title and registration process.

For lunch, the bankers met with Lt. Governor Mike Cooney, Tom Lopach, Governor’s Chief of Staff and again, with Banking Commissioner Hall in the historic Governor’s Reception Room. Between the Lt. Governor and Mr. Lopach. They shared the Administration’s major goals for the 2019 Legislature, of course, the budget is a highlight. The Administration wants a balanced budget with a $300 million ending fund balance, restore cuts made during last fall’s legislative special session, and find a way to fund much-needed state infrastructure project. Renewal of the Medicaid Expansion program and funding Early Education are, also, high priorities for the Governor.

While in the Capitol the bankers viewed the Senate’s floor session where they debate the merits of bills and voting on the proposed legislation.

The day’s schedule ended with a session with Supreme Court Chief Justice Mike McGrath and Justice James Jeremiah Shea in the Court’s chambers. It was a robust discussion about the role of Court in the maintenance and the value of the rule of law and the Court’s efforts to address appeals from the lower courts in a timely manner.

The MBA Executive Development Program (EDP) is a comprehensive twelve-month course, designed to cultivate the next generation of banking leaders, an ideal opportunity for aspiring executives to step up their career and for institutions to invest in the strong bank leaders of tomorrow.

To date, 39 Montana bankers from 20 banks have benefited from this intensive learning experience, graduating with the increased knowledge of banking and all functions of a financial institution. And more than half of EDP graduates have been recognized and promoted within their institutions.

Our next class begins in January 2019. Watch for program materials and register your bankers in the MBA’s Executive Development Program.

Lieutenant Governor Mike Cooney and EDP bankers

E E

BANCSERVE PRESSABA DELEGATES

ABA Foundation BOD:Mike Grove, PresidentBank of the Rockies.NA White Sulphur Springs, MT

Community Bankers Council:Scott Klein, Vice President First State Bank of Forsyth Forsyth, MT

Agricultural and Rural Bankers Committee: Heather Malcolm, VP Bank of the Rockies, N.A. Livingston, MT

Government Relations ConcilRex Phipps, PresidentGarfield County Bank Jordan, MT

Taxation Administrative CommitteeWilliam Schrock, Tax DirectorFirst Interstate Bank Billings, MT

Membership CouncilSam Waters, President/ChairmanFirst Community Bank Glasgow, MT

STATE BANKERS ASSOCIATION GROUP

BENEFITS TRUST BOARD OF TRUSTEES

(Serving MT & WY)Chair: Jay Hammond, PresidentLusk State Bank Lusk, WY

Bart Langemeier, PresidentFirst Bank of BridgerBridger, MT

Kim Brooks, Controller/HR Off.First Community Bank Glasgow, MT

Gordon P. Johnson, PresidentAmerican BankBozeman, MT

MARCH 2019

Or call: 800/541-5126Visit us on the web at www.montanabankers.com

STATE BANKERS ASSOCIATION GROUP BENEFITS TRUST

EDP bankers with Attorney General Tim Fox

EDP bankers with Chief Justice Mike

McGrath and Associate Justice

Jim Shea

EDP bankers with Chief Justice Mike McGrath

MBA/BANCSERVE STAFF

Government Relations: Steve Turkiewicz President/CEO

Education & Member Services:Pam O’Reilly Association Services Director

BANCSERVE Insurance Agency:Tempi Ruth, CIC, CAE, CISRSales Director

Bookkeeping:Karmen MillhouseAccounting Technician

MBA/BANCSERVE, Inc.1 N. Last Chance Gulch, Ste.4Helena, MT 59601Telephone:800/541-5126406/443-4121Fax: 406/443-7850

BANCSERVE PRESSMARCH 2019


United Bankers’ Bank’s Bill Rosacker announces retirement date

William “Bill” Rosacker is retiring as President of United Bankers’ Bank (UBB) after more than 34 years with the company and over 51 years in banking.

A native of St. Paul, Minnesota, Rosacker took the reins as President of Independent State Bank of Minnesota (ISBM), now UBB, in 1985. During his tenure, Rosacker grew the bank from $30 million in assets to more than $900 million; and total employees from fewer than 20 to 132. Prior to joining UBB, he served for 16 years at F&M Marquette National Bank, where he was involved in the correspondent bank credit card program, became a division manager in charge of correspondent banking and investments, as well as a member of the senior management committee.

Rosacker will officially step down on April 30, 2019.

“I want to express my deep appreciation for the opportunity to work with and benefit from so many talented colleagues,” said Mr. Rosacker. “My position at UBB has also allowed me to engage with countless numbers of community bank and financial services industry leaders from around the country, and I thank them for allowing me and my team of dedicated employees to help support their goals and success.

“Our bank has demonstrated great resiliency and strength over the last 34 years,” Mr. Rosacker continued. “I’ve never been more optimistic about our ability to serve the ever changing needs of our community bank customers, and maintain our position as an industry leader.”

“Bill has demonstrated a proven ability to build and grow businesses, identified creative ways to develop and enhance products and services, and has placed the success of UBB’s customers at the focus of everything we do. Through the talent of our people, UBB is poised for the next generation of growth,” commented Bryan Grove, Chair of the UBB Board of Directors.

“Bill has been a remarkable leader for an extraordinary period of time for UBB and our industry. His innovative thinking, deep understanding of risk and correspondent banking, his expansive knowledge of the community banking environment; and ability to motivate and inspire the people of UBB have defined his legacy. Bill led the bank’s successful merger with Great Lakes Bankers Bank in 2016, and has pushed its entry into new technologies, industry innovations, partnerships and opportunities, while also investing in the development of bank leadership throughout UBB.”



Mr. Grove continued, “The Board has engaged an executive search firm, Kaplan Partners, in the search for Mr. Rosacker’s successor. We are confident that the next person to fill the position of President at UBB will build off the bank’s exceptional service culture, as well as its strong financial, risk management and innovative positions; in charting the bank’s strategy for success in the years to come.”

“It has been a true honor of my life, to lead UBB. There is not a better or more genuine industry in the world than community banking. At its core, it’s all about building relationships and neighbors helping neighbors succeed for a shared common goal, a stronger and better community. What I will cherish most about my time at UBB is the countless relationships I’ve formed with fellow community bank leaders and the opportunity to lead a talented organization of people focused on the success of community banks and the communities they serve. All of the current and previous UBB staff members I’ve had the privilege to work with over the past 34 years, deserve a heartfelt thank you for making my job at UBB the most enjoyable and rewarding one I’ve ever had,” said Mr. Rosacker.

Rosacker was recognized by the Independent Community Bankers of Minnesota (ICBM) with an award in August of 2018 celebrating his 50-years-in-banking, followed later in October, by receiving the first-ever Lifetime Achievement Award from BankBeat magazine, in recognition of the impact he has had on UBB, its customers and the community banking industry across the country.

Rosacker extends his leadership skills through service on numerous boards, where his current and past roles include: Independent Community Bankers of America (ICBA) Member and Member of its Board of Directors, TCM Bank Board of Directors, ICBA Bankcard Board of Directors, Secretary of ICBA Executive Committee, Member and Chairman of ICBA Political Action Committee and Auction. Other professional memberships and associations he has been involved with include, past President and Board of Directors, The Bank Holding Company Association, ECCHO (Electronic Check Clearing House Organization) Board of Directors, The Bankers’ Bank Council Treasurer and past Chairman, ICBM and Minnesota Bankers Association. In addition, Rosacker was also a faculty member of the Minnesota Commercial Lending School for two years and served on the school’s advisory board for three years.

2019 MBA Ag Bankers Thanks Outgoing Committee Members

Al McCormick Mike Quade Scott Johnson



ABA Foundation and FTC Release New Infographic on Phishing Threat

WASHINGTON — The American Bankers Association Foundation, in collaboration with the Federal Trade Commission, today released a new infographic to educate consumers on the growing threat of phishing. According to the FBI’s Internet Crime Report victims lost nearly $30 million due to phishing scams in 2017 compared to $8 million just two years earlier.

In a phishing scam, criminals send an email or a text, or call a victim disguised as a company or person they know. The goal of the phisher is to steal the victim’s money, identity or both by convincing the unsuspecting consumer to click on a link or share sensitive information, such as a password. The fraudsters often pressure victims to act quickly by saying something bad will happen if they do not comply.

“We’re thrilled to continue our collaboration with the FTC to help consumers combat a scam that continues to target bank customers at an alarming rate,” said Corey Carlisle, executive director of the ABA Foundation. “Phishing scams aren’t as obvious as they used to be. The criminals’ techniques have become much more sophisticated, so it’s more important than ever that consumers understand the scam and how they can protect themselves.”

“One of the best ways to combat phishing is to implement multi-factor authentication, which is a second step to verify you are you, like sending a text to your phone with a confirmation code,” said Paul Benda, senior vice president, risk and cybersecurity policy at ABA. “We encourage consumers to use MFA for any of their accounts that support it, especially email and financial accounts.”

The ABA Foundation/FTC joint infographic, released today in recognition of National Consumer Protection Week, describes how phishing scams work and provides the following tips for consumers:

Check it out.

wLook up the website or phone number for the company or person who’s contacting you.wCall that company or person directly. Use a number you know to be correct, not the number in the email or text.wTell them about the message you got.

Look for scam tip-offs.

wYou don’t have an account with the company.wThe message is missing your name or uses bad grammar and spelling.wThe person asks for personal information, including passwords.wBut note: some phishing schemes are sophisticated and look very real, so check it out and protect yourself.

Protect yourself.

wKeep your computer security up to date and back up your data often.wConsider multi-factor authentication — a second step to verify who you are, like a text with a code — for accounts that support it.wChange any compromised passwords right away and don’t use them for any other accounts.



2019 MBA Ag Bankers ConferenceSummary by Scott Moran, 2019-2020 Chairman of the MBA Ag Committee

The 2019, MBA Ag Banker Conference went off without a hitch on March 21-22 in Bozeman Montana at the Best Western GranTree Inn. We had some of our favorite speakers again and welcomed new faces who talked about the Farm Bill, Trade, and Land Values. Speaking of new faces, we have grateful hearts in thanking Scott Johnson (First Interstate Bank), Al McCormick (Little Horn State Bank) and Mike Quade (Summit National Bank) for over 60 years of service to the MBA Ag Banker Committee. Each was given a custom Al Swanson Fly Box by President/CEO Steve Turkiewicz. The new members of the committee are Chad Murnin (First Interstate Bank), Todd Smith (First Bank of Montana) and Matt Torske (Little Horn State Bank). We look forward to their contributions to the committee for the coming years.

Summary of Speakers and Topics discussed at the 2019 MBA Ag Bankers Conference:

Steve Turkiewicz, Montana Bankers AssociationSteve kicked off the conference with an update on various Senate bills and issues at the State level. Active Legislative Bills that are supported by the MBA are as follows: • HB 162 – Revised the Banking laws to allow to furnish exam reports to federal home loan bank and federal reserve bank. • HB 163 – Allow insured certificates of deposit for security for deposits of public fund. • SB 58 – Revise the Montana Bank Act. • SB 311 – Creating laws relating to financial institutions and elder exploitation.

Kevin Good, CattleFaxCattleFax research has reflected the cattle market to be stable over the last couple of years, with both inventory and price holding fairly constant. The beef cow inventory has grown slightly higher in 2019, which may influence prices this fall. Their data would suggest that cattle prices for the fall of 2019 would be slightly lower than the actual prices received in 2018.

Specific discussion items: • Drought Monitor, Cattle Inventory and Slaughter Trends.

This is the third joint infographic released by the ABA Foundation and FTC to educate consumers about common fraud schemes. The first two infographics focused on online dating scams and fake check scams.

For more information on phishing scams, visit aba.com/phishing.

Click here to view the phishing infographic.

About the ABAThe American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans. Learn more at aba.com.

About the ABA FoundationThrough its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.



• Global Meat Producers with Trend analysis. • US Beef Imports and Export with detailed charts and discussion. • US Beef, Poultry, and Pork Exports with detailed trends and discussion.

Delaney Howell, Farm Bill UpdateDelaney gave us an update on the changes in the new farm bill and how the money is allocated. She also discussed the Policies that are affecting Rural America with an emphasis on the following: • Leadership changes in the House of Congress. • The Green New Deal. • Cell Cultured or “Fake Meat.” • Trade Wars.

John Blanchfield, Agricultural Banking Advisory ServicesJohn always has a great presentation and this year was no different than past conferences. John’s main points during his presentation were as follows: • Without the $5.2 Billion of Government assistance funded with the Market Facilitation Program, (MFP) today’s farm economy would look much different. o MFP was implemented to assist farmers affected by tariffs and reduced exports. o Expect $3.5 Billion of MFP funds reported as net farm income in 2019. • New Farm Bill was signed into law on December 20, 2018. o Big fight in the 2018 Farm Bill was SNAP reform. • The future of the U.S. Farm economy depends on exports. o How do trade issues get resolved? • Your customers are anxious to know what you are thinking. o Be more visible, not less.

Dr. Vincent H. Smith, Professor of Economics, Montana State UniversityDr. Smith did an excellent job of discussing past and present US Agricultural Trade policy. His main topics that were discussed are listed below: • US Trade - Past and Present. o Exports & Imports by Destination and Trade Balance • Current US Agricultural Policy and Trade Relations o Top 5 Bulk Commodities produced; Domestically and World Production US commodity exports that have a major impact on global markets. • Composition of US Agricultural Trade Specific Commodities. • Global Trade discussion with an emphasis on Canada, Mexico, Eastern Europe, and China.

Weston Merrill, Marketing & Development Bureau, Montana Department of AgricultureWeston gave a great presentation on pulse crops with a focus on the following: • USA Pulse Growing Regions o Montana has been steadily increasing pulse acres until 2017. o Declined in 2018 due to lower prices. • Montana Produces a Superior Quality of Pulse Crops. o Producing 28% of US production of Chickpeas. o Producing 71% of US Production of Lentils. • Plant based Consumption is a top trend in 2018 and beyond. • Global Outlook and Trade Missions for 2019.



Scott Brown, Lewis Roca Rothgerber Christie LawScott gave a wonderful presentation about servicing distressed ag credits. The main topics discussed were as follows: • Distressed Loans. • Loan Audit (From Outside Counsel’s Perspective). • Lender Liability. • Bankruptcy and Causes of Bankruptcy. • Fraudulent Transfers & Fraudulent Issues. • Bank Security Perfection Issues and Proper UCC Liens.

Ed Elfman, ABA Senior Vice President Ag and Rural BankingEd talked about the American Bankers Association and how it influences legislation. He announced the ABA National Ag Bankers Conference would be in Dallas, Texas on November 10 – 13. Ed’s presentation focused on Farm Debt, Farm Income, Farm Sizes, and Farm Consolidation Trends over that last several years. He was also happy to announce that Commercial Banks are the leading Agricultural Lender; however, they are only modestly above Farm Credit Services. Ed finished his presentation with agricultural financial issues in Washington, including the Farm Credit System, New Farm Bill, Hemp, Crop Insurance, USDA Loan Programs, Rural Appraisers, and Conservation Programs.

Norman C Wheeler and Michael McDonnell of Wheeler & AssociatesNorman and Mike discussed agricultural values and trends analysis over the last several years. They showed price influences on both the Western and Eastern part of the State. Key points: • Ag property values increased significantly from 2001 - 2005. o Ag properties peaked in 2007, o Property values decreased significantly from 2008 – 2010 due to the recession. • Market Trends from 2014 – 2018 look very similar to trends in 2001 - 2005. o Key Differences: Transactions from 2014 – 2018 were typically purchased with cash. Transaction from 2001 – 2005 were typically purchased with debt.

Dr. David M. Kohl, Virginia TechDr. Kohl gave an immense presentation about agriculture economics, land values, yield curves, and trends. He specifically identified the following issues: • Agriculture is in the 7th year of economic reset. o Bankers perspectives, producer costs concerns, and economic radar issues. • Farm Real Estate Perspectives. o Farm Real Estate value changes from 1910 – 2017. o Drivers of land value changes. o Economic Drivers. • Mega Trends. o Dietary, Technology, and Non-Government. • Net Farm Income, with discussion of trends. • Business IQ: o Management, Character, and Performance.



2019 MBA Conferences and Workshops

q 2019 Basics in Lending: Key Ratio Analysis & Basic Tax Returns, Best Western Gran Tree, Bozeman, April 11 - 12, 2019

q 2019 New Accounts, Hilton Garden Inn, Billings, April 30 - May 1, 2019

q 2019 New Accounts, Best Western Grant Creek, Missoula, May 2 - 3, 2019

q 2019 BSA/AML, Best Western Gran Tree, Bozeman, May 14, 2019

q 2019 Deposit Compliance, Best Western Gran Tree, Bozeman, May 15, 2019

q 2019 Physical Security, Best Western Gran Tree, Bozeman, May 16, 2019

Watch for upcoming Conferences and Workshops coming in 2019 at www.montanabankers.com or for more information contact Pam O’Reilly, Association Services Director, at 800/541-5126 or [email protected].

Plan ahead to join Montana Bankers Association

&Wyoming Bankers Association at

the Snow King Resort inJackson Hole, Wyoming

June 6 - 8, 2019



Montana Bankers Association Spotlights an Endorsed Product

Upcoming Events

Compliance School - IntermediateApril 1-4, 2019

Tucson, AZ

Emerging Leaders ForumApril 1, 2019

Washington, DC

Washington SummitApril 1 - 3, 2019Washington, DC

Upcoming EventsBasics in Bank Lending: Key Ratio Analysis &

Basic Tax ReturnsApril 11-12, 2019

Best Western Gran Tree, BozemanNew Accounts (Billings & Missoula)

April 30 - May 1, 2019Hilton Garden Inn, Billings

Best Western Grant Creek, Missoula

BSA/AMLMay 14, 2019

Best Western Gran Tree, Bozeman

Deposit ComplianceMay 15, 2019


Physical SecurityMay 16, 2019


MARCH 2019


Compliance Alliance Question of the Month

Question:We request a tri-merge credit report for each applicant. Our credit decision is relies on the single lowest middle score applicant(s). Can you give guidance on how credit scores would be reported for two or more applicants? Do we report the one score relied on for all applicants, or report the score relied for one applicant and then the other as not applicable?

Answer:The bank would report the credit score that it relied upon in making the decision. From what you described, it sounds like it would be the lowest middle score in this instance. The score would be reported for the applicant or co-applicant and not applicable for the one whose credit score was not used (since it wasn't relied upon in making the credit decision).

To illustrate, assume a transaction involves one applicant and one co-applicant and that the financial institution obtains or creates two credit scores for the applicant and two credit scores for the co-applicant. Assume further that the financial institution relies on a single credit score that is the lowest, highest, most recent, or average of all of the credit scores obtained or created to make the credit decision for the transaction. The financial institution complies with § 1003.4(a)(15) by reporting that credit score and information about the scoring model used for the applicant and reporting that the requirement is not applicable for the first co-applicant or, at the financial institution’s discretion, by reporting the data for the first co-applicant and reporting that the requirement is not applicable for the applicant.

Question:We request a tri-merge credit report for each applicant. Our credit decision is relies on the single lowest middle score applicant(s). Can you give guidance on how credit scores would be reported for two or more applicants? Do we report the one score relied on for all applicants, or report the score relied for one applicant and then the other as not applicable?

Answer:The bank would report the credit score that it relied upon in making the decision. From what you described, it sounds like it would be the lowest middle score in this instance. The score would be reported for the applicant or co-applicant and not applicable for the one whose credit score was not used (since it wasn’t relied upon in making the credit decision).

To illustrate, assume a transaction involves one applicant and one co-applicant and that the financial institution obtains or creates two credit scores for the applicant and two credit scores for the co-applicant. Assume further that the financial institution relies on a single credit score that is the lowest, highest, most recent, or average of all of the credit scores obtained or created to make the credit decision for the transaction. The financial institution complies with § 1003.4(a)(15) by reporting that credit score and information about the scoring model used for the applicant and reporting that the requirement is not applicable for the first co-applicant or, at the financial institution’s discretion, by reporting the data for the first co-applicant and reporting that the requirement is not applicable for the applicant.



Belgrade• Renae Harris, real estate loan originator for Stockman Bank Belgrade, recently became a certified graduate

of the Boots Across America Certified Military Home Specialist Course. Boots Across America’s national certification course educates loan officers, realtors and housing professionals with a clear understanding of how to work with military clients. Stockman Bank is pleased to have a certified graduate of this program to offer the level of expert customer service to military men and women that they have earned and deserve.

Billings• Kimberly MacDonald, senior mortgage loan officer at US Bank, recently achieved the Legends of Possible

status for the fifth consecutive year. Additionally, she has achieved Leader’s Council status for the second year. The recognitions are based on the result of her top mortgage production and outstanding customer service for the year 2018. MacDonald offers many loan products such as conventional, FHA, VA and construction.

Bozeman• American Bank is pleased to annouce that Aaron Webb has recently been promoted to vice president of IT.

Webb joined American Bank in 2003 and has been an invaluable member of the IT team.• Ron Meeks has recently joined American Bank as assistant branch manager and cash management specialist.

Meeks has an extensive background in bank operations, accounting and bank leadership. He brings over 19 years experience primarily in community banking. Meeks is looking forward to getting to know the area and volunteering in the local communities served by American Bank.

• U.S. Bank welcomes Emily Kennedy to its mortgage lending team. Kennedy has been with U.S. Bank for three years, transferring to the area from Nebraska. Kennedy brings six years of mortgage experience, a passion for helping first-time homebuyers and a 24/7/365 approach to customer service.

• Bank of the Rockies is excited to announce the opening of an office in Bozeman soon. As Montana’s oldest bank, Bank of the Rockies has a strong history of commitment to their customers, communities and employees. The bank currently serves customers in Fergus, Gallatin, Lewis and Clark, Meagher and Park counties.

Dillon• Shannon Truman has been hired at Stockman Bank. Her responsibilities include coordinating, overseeing and

supervising all operations-related functions for Stockman Bank Dillon. She will also assist in the implementation and enforcement of bank-wide policies, practices and procedures. Truman brings over 13 years supervisory experience to the position. Truman earned her Bachelor of Science degree in business communication/administrative science and her Associate of Arts degree in Office System Technology from the University of Montana-Western.

Banks and Personnel

NOTE FROM INCOMING ABA AG COMMITTEE CHAIRMAN HEATHER MALCOM: The ABA is hosting an agricultural lending school, April 28 through May 3, 2019, in Dallas, TX. This school will cover a variety of topics including various risk management tools for lenders and customers, reviewing and analyzing agricultural financial statements, making good use of borrower interviews and the good, the bad, and the ugly of agricultural lending. This school will be held on the SMU campus in conjunction with the commercial lending school. This agricultural lending school was developed for lenders early in the agricultural lending career. This is the first year of this school, and I am very excited to have been a part of developing the curriculum and the school.

ABA Commercial Lending School - Agricultural April 28 - May 3, 2019 • Southern Methodist University, Dallas, TX

Curriculum The Agricultural Lending School provides expert instruction on effective lending within the industry's specialized needs. Students will hone their skills in building reliable projections in an environment of commodity price volatility as well as employ agri-business-specific techniques to better analyze and evaluate opportunities. The school features real-life case studies, networking and group participation to help reinforce learning

Students will: • Explore the risk and rewards of both specific and general areas of Ag lending. • Investigate risk management tools that help minimize potential losses. • Develop tactics for early detection of deteriorating credits and how to manage out of them

as well as best practices for preparing work-out loans. • Evaluate agricultural cycles and gain a solid understanding of analyzing and projecting ag-

related financials, including cattle, field crops, poultry and dairy operations. Register at the ABA website: https://www.aba.com/Training/Schools/Pages/CLS-Ag-Registration.aspx

https://www.aba.com/Training/Schools/Pages/CLS-Ag-Registration.aspx

https://www.aba.com/Training/Schools/Pages/CLS-Ag-Registration.aspx

BANCSERVE PRESS · 2019. 4. 1. · BANCSERVE PRESS MARCH 2019 Page 5 Visit us on the web at Or...

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