Chairman's Cup July 2015 Elk Creek
124th KBA Annual Convention
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Check Out the July Kentucky Banker
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The strength of the KBA is bankers unifying as an industry to speak as one voice. Businesses that serve our industry benefit when they join as an Associate Member.
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Check out what the bankers are saying...
We use Compliance Alliance in every area of the bank - it is as if my entire staff has its own personal Compliance Staff. It's a great tool, that provides limitless compliance resources. There's hardly a day that goes by that I don't log in to Compliance Alliance. In these days of heightened regulatory burden, this was exactly what we needed to take my bank to the next level. Compliance Alliance has been worth every penny - it's a lifesaver. No more 'hours' of research, it's at my fingertips! I highly recommend that all KBA members subscribe to Compliance Alliance! ”
Springfield State Bank, Springfield, KY
Citizens National Bank has used IPI’s retail investment services for approximately three years. As the bank’s Financial Consultant, I have enjoyed working with IPI to provide the retail investment products that meet the needs of our customers. IPI has helped us to retain and attract customers, while generating non-interest income. I highly recommend IPI to other community banks”
Betty Bradshaw, Financial Consultant
Citizens National Investment Services, Lebanon, KY
Commercial Bank’s decision to sponsor EverFi for financial literacy in our local high school has been a great way to kick off the new school year! It gives our bank the opportunity to provide the financial education our young people need before going to college or starting a career. Focusing on our community is the key – EverFi is a great solution!”
Hank Allen, President/CEO
Commercial Bank, West Liberty
We are excited about the opportunity to provide financial literacy education to our local middle school and high school students through EverFi’s web-based financial literacy platforms. EverFi’s digital learning courses are perfect for today’s “digital generation.” This is another way our bank can support our community and improve the educational opportunities in our schools!”
Wade Berry, President/CEO
Farmers Bank & Trust Company, Marion
After signing up for a 48-hour trial period with Compliance Alliance, the online tools and resources are excellent, and the bank is now officially a member of Compliance Alliance. I highly recommend Compliance Alliance to other banks.”
Jerry Blevins, Executive Vice President
First Captial Bank of Kentucky, Louisville
After participating in a live demonstration of Compliance Alliance, it was exciting to see the numerous tools and resources provided by Compliance Alliance, in addition to their toll-free hotline. Compliance Alliance is providing the solutions we need to support the ever-increasing compliance and regulatory requirements at Planters Bank. I highly recommend Compliance Alliance for all banks!”
LuAnn Fries, AVP Compliance/Internal Audit
Planters Bank, Hopkinsville
APR has been great to deal with. They provide excellent customer service, and are always quick to get back with me if I have a question. APR web makes it easy to keep track of the accounts we have in collection, and I love that I can access it from anywhere. It’s nice to know that I have professionals working on those particularly difficult accounts, so that I can focus my attention elsewhere.”
Thomas Richards, Assistant VP
Owingsville Banking Co.
We have used Banker’s Dashboard for over five years. With the daily downloads from our data processor, the greatest advantage of Banker’s Dashboard is being able to drill down into all three bank’s financials from anywhere at any time. The online reports are an excellent resource, and the service is reasonably priced. Banker’s Dashboard is a tremendous tool for community banks!”
Shawn Garrison, EVP/CFO
Middlefork Financial Group Hyden
Profit Resources, Inc. conducted an assessment with our bank in November 2013. All of their employees were excellent. The key for them, and the bank client as well, is their initial review. Both sides get a feel for the other and they can see if there is a good fit for the consulting they provide. We were pleased to get a reaffirmation of the quality of the staff we now have in place. I would recommend their services to other banks. They know their business!”
Mark D. Strother, President/CEO
The Commercial Bank of Grayson
SDGblue provided the expertise and customer service that we needed in preparing for our regulatory examination. SDGblue has helped make the bank a more secure institution for our employees and customers! I highly recommend SDGblue to other banks."
Sonya Grove, Senior Vice President/Chief Operations Officer
Hometown Bank, Corbin
Streamline Payments is providing exceptional customer service to our business customers, which is extremely important for the success of our merchant processing program. Streamline Payments is also providing excellent support to the bank to grow our merchant processing business in the markets that we serve. We are glad to have Streamline Payments as our merchant processing partner!"
Andy Baker, EVP / COO
Traditional Bank, Mt. Sterling
We recently made the decision to convert our check program to Deluxe because of their customer service and expertise demonstrated throughout the sales process. Even though there is cheaper pricing out there Deluxe made us feel comfortable with their conversion process and their ability to integrate with our platform provider. So far we are very happy with the Deluxe team. Thanks KBA”.
Cheryl Hartsell, VP Operations
First Community Bank of Western Kentucky
News for Monday, August 03, 2015
July 31, 2015
The issue's topics are Targeting the Wealth Market: Securities Demand Across the U.S., Mobile Banking and Mobile Bankers: Where Does the Value Lie? and Understanding Household Profitability.
It appears that the card companies are recognizing that the current system of cost liability is inequitable. MasterCard has released its new schedule of reimbursement to card issuers, in the event of certain data breaches.
July 29, 2015
The ABA is requesting that banks, particularly banks in rural or low wage areas, provide information regarding the real impact of the DOL's overtime proposal.
July 28, 2015
The first UK Industrial Hemp Research Field Day will be held Thursday, August 13, 2015 at 10:00 A.M.
July 16, 2015
Information needed concerning foreclosures.
June 26, 2015
To become more competitive, compliant and efficient in mortgage processing, financial institutions need to collect documents and information electronically to eliminate as much paper as possible, automate manual steps and workflows, add security and control wherever paper is required, and simplify the sharing of information.
There is no better way to reach the decision-makers of Kentucky's banking industry than through The Kentucky Banker, our monthly magazine.