Community Banks: Powering Through the Pandemic
SUNDAY, October 24, 2021:
4:00 to 5:00pm – WSDEF Board meeting
6:00 to 8:00pm – Welcome Reception with background music, outside venue
MONDAY, October 25, 2021
7:00 to 8:30am – Breakfast
8:30 to 8:45am – Opening Remarks – Moderator
Jerry Walker, President & CEO, ICBA of New Mexico, Aztec, NM
8:45 to 10:15am – The US Economy Pre and Post November 2020
Dr. Stephen Happel, Professor Emeritus of Economics at the Arizona State University, W.P. Carey School of Business
The presentation begins with an overview of the Trump administration’s economic performance relative to the Obama years. The Blue Chip Forecast from November 2020 for 2020 and 2021 are considered next, after which the economic actions taken by the Biden administration are highlighted. The Blue Chip Forecast from October 2021 for 2021 and 2022 are then reviewed in terms of their likely accuracy in light of current Federal Reserve policy, COVID outcomes, the banking environment, and key international issues. The presentation concludes with what may happen in the 2022 House and Senate elections and in the 2024 presidential election with time for Q&A.
10:15 to 10:30am – break
10:30 to 11:30am – What Lessons Have We Learned, and Will We Forget
David A. Linaberg, Executive VP and Chief Credit Officer, TIB Bank, Dallas, TX
The focus will be what we learned from the 2008 recession, actions we took after, and were we ready for another recession, this time caused by a virus, not an asset class. It will also focus on credit risk; are we being compensated for this risk and what competition is forcing us to do. We will also discuss the tough decisions that need to be made between retaining or losing a good customer because of competition. The discussion will also cover what reports management should be providing directors and reporting in a good economy and a recessionary economy. These should be very different so that intelligent decisions can be made.
11:30am to 1:00pm – Lunch
1:00 to 2:00pm – Views from the Regulator during Uncertain Times
Tara Humston, Senior Vice President, Supervision and Risk Management, Federal Reserve Bank of Kansas City, Kansas City, MO
The COVID-19 pandemic has brought on a great deal of uncertainty within the banking sector. Some topics covered in this session will include a discussion of certain actions taken by the Federal Reserve to support the economy and banking industry. In addition, what are the risks regulators are observing in the banking industry and what risk management strategies might bankers consider. Lastly, financial stress of banks may not be fully reflected in the numbers yet, so what are the indicators to be watching during these challenging times.
2:00 to 2:15pm – Break
2:15 to 3:15pm – Creating and Promoting an Environment Where Community Banks Flourish
Rebeca Romero Rainey, President & CEO, Independent Community Bankers of America, Washington, DC
In 2020 we saw Community Banks respond to meet the needs of their communities that once again demonstrated the resilience and long-term focus of the business model. This presentation will highlight how Community Banks across the country innovated, adapted, and responded to serve their customers during the pandemic and the response of the administration lawmakers and the agencies. Focus will be given to the lessons learned over the last year and the exciting and rewarding path forward for the industry.
TUESDAY, October 26, 2021
6:00 to 7:30am – Breakfast
7:30 to 8:45am – PANEL
Topic: Outside Director Perspectives
Some areas to discuss: Current relevant topics to be finalized later in 2021. Some subjects: pandemic experiences, succession planning, board governance, how outside directors feel about the expectations placed upon them as a board director.
Facilitator – Kristin S. Godfrey, Owner and Founder, Godfrey Law Group, LLC, Denver, CO
Randy Dancliff, Chairman, Western States Bank, Laramie, WY
Dan Gust, Outside Director, RNB/Front Range State Bank, Longmont, CO
Tom Hutchinson, Citizens Bank of Las Cruces, Las Cruces, NM
Rick Zarek, Outside Director, 1st State Bank, Gothenburg, NE
8:45 to 9:00am – break
9:00 to 10:15am– Business & Economic Outlook
David M. Kohl, Ph.D., Professor Emeritus, Virginia Tech
The Covid-19 black swan landed like no other bird creating economic, financial, social, and emotional anxiety in its wake. This major disruptor created challenges for some but opportunities for others. What will be the future of global and domestic economics, trade, land values, customer behaviors, and everything in between? Come join us to discuss the four pillars of success for converting economic uncertainty and disruptions into business opportunities. A high business IQ will be one of the common denominators of success. What are the components of a high business and financial IQ that provide resiliency and agility to navigate accelerated change that has been created by the pandemic? Tune in to this informative session with Dr. Kohl to learn some action items that will position your business and management team to navigate the economic white waters of the decade of the 2020s. Join Dr. David Kohl, Virginia Tech Academic Hall of Famer for his views and perspectives that will impact producers, ag lenders, and agribusinesses.
10:15 to 10:30am – Break
10:30 to 11:30am– Closing Keynote– A.R.M.E.D.
Mary Kelly, PhD, CSP, Commander, US Navy (ret) and CEO – Productive Leaders
Mary will combine two of her keynote topics – Who Comes Next? – which is about succession and ARMED. How the right succession plan will attract top talent, develop leadership skills and guarantee success for the next decade and beyond. Get out of panic mode and into a culture of continuous leadership development.
- Attract the right customers and people to your organization
- Recruit/Retain the right talent to serve customers and create experiences
- Mentor/Manage current and emerging leaders to full potential
- Evolve forward-thinking leadership as the corporate culture
- Develop teams and talent for future success