November 14, 2022

https://financialedinc.com/webinars?a=cbak

Citizens Bank of Kansas Citizens Bank of Kansas is pleased to announce that Jessica Fuller has joined the CBK Team to lead the branch at Derby High School. Shanda Swinehart now leads the Medicine Lodge branch. Chris Davis is the new Branch Manager in Augusta. Regina Gregory joins the West Wichita Branch (13th & Tyler).

December 2022 1884 – 138 Years First National Bank & Trust, Phillipsburg 1886 – 136 Years Conway Bank, Conway Springs 1909 – 113 Years Farmers State Bank, Phillipsburg 1913 – 109 Years Johnson State Bank, Johnson 1961 – 61 Years Security State Bank, Scott City 1934 – 88 Years First State Bank & Trust, Tonganoxie

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law as the largest relief package in U.S. history. The legislation included multiple provisions that affected retirement and health savings arrangements to help millions of Americans affected by COVID-19.

Click for more info: https://www.cbak.com/wp-content/uploads/2022/08/2023-Greek-Isles-Cruise.pdf

As we head into the final months of 2022, the CECL deadline seems to be coming faster and faster. If your bank hasn’t already adopted or finalized your CECL process, we can provide support that’s equally quick – whether you simply need answers to help you over some hurdles or the compliance efficiency that comes with our CECLSolver™ solution. Please feel free to contact us for a brief consultation. We talk and work with bankers every day to address and help alleviate their CECL concerns. In the meantime, here are some common questions we receive about our CECLSolver™ tool, its methodology, and what we’re hearing from regulators, accountants and other bankers.

In just the first half of 2021, the banking industry experienced a 1,318% increase in ransomware attacks. Banks have become prime targets for cybercriminals due to the large amounts of sensitive customer data they hold.

On Saturday, September 17, CBA members, friends and family enjoyed the CBA annual tailgate event in Manhattan. It was an exciting fall day with plenty of food, conversation and camaraderie. On behalf of the team and leadership of CBA, we extend our thank you to all who participated or attended – and we truly look forward to hosting events throughout the year to celebrate our shared commitment to Kansas community banking!

In March 2022, the Consumer Financial Protection Bureau (CFPB) made a significant revision to its examination manual for Unfair, Deceptive, or Abusive Acts or Practices (UDAAP). The main intent of this action is, as the CFPB states in its press release, “to better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.”

The word “rally” can be used for a number of purposes and in different contexts. For instance, it could mean a long-distance auto race over varying surfaces involving stages and checkpoints. It could mean a gathering of supporters to generate enthusiasm and momentum for an individual or cause; we’ve seen plenty of these during this election cycle.

Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown. In fact, our 2022 CEO Outlook Survey ranked data security as a top concern, and as the digital sphere continues to evolve, all signs point to that level of concentration increasing.

Community Bankers Association of Kansas wants you to know how much we appreciate your valuable contribution in helping the association be a great success this year. We take this opportunity to thank you, and to wish you a Happy Holiday Season.