2025 Pub. 6 Issue 2

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Congratulations to the banks celebrating March and April anniversaries as chartered institutions! March 143 yearsFarmers & Drovers Bank — Council Grove 133 yearsState Bank of Downs — Downs 124 yearsESB Financial — Emporia 119 yearsDream First Bank — Syracuse 118 yearsFarmers State Bank — Oakley 112 yearsKaw Valley State Bank & Trust Co. — Wamego

After more than a year of debate and uncertainty, the Notice of Final Ruling on section 1033 is finally here. The vast majority of community banks — with the exception of those with fewer than $850 million in assets — now face a compliance timeline of about two to five years, depending on asset size.

Today’s ever-evolving and increasingly complex regulatory landscape has made automating regulatory change management (RCM) more critical than ever.

Continued adoption of open banking, enhanced cybersecurity and evolving regulatory concerns shape what financial institutions must consider when developing their strategies. However, these areas also represent a tremendous opportunity for those who adapt.

In this column, for the first time, I relied on ChatGPT, the generative artificial intelligence (AI) platform. For the record, I submitted this inquiry: “Write a 700-word essay on how the shape of the Treasury yield curve affects community banks.”