|
|
Deposit Insurance Fund assessment rates stay unchanged
On March 14 the Federal Deposit Insurance Corporation (FDIC) decided to keep the assessment rates for the Deposit Insurance Fund unchanged for 2008. The existing rate schedule is 5 to 43 basis points, with the most highly-rated institutions charged a rate of 5 to 7 basis points.
Following the decision, the American Bankers Association (ABA) expressed its disappointment.
“Keeping funds in the bank to support lending in their communities is increasingly important in today’s economy and can be prudently done given the growing strength of the insurance fund,” said ABA President and CEO Ed Yingling.
The recent decision is consistent with the FDIC’s objective to increase the reserve ratio to the Designated Reserve Ratio of 1.25 percent before the end of 2009.
FDIC Chairman Sheila Bair said the decision was based on “significant uncertainties” involving the agency’s projections and the current challenges facing the banking industry.
The FDIC projects the 1.25 percent designated reserve ratio will be achieved at the end of 2008 or early in 2009. As the fund reaches the 1.25 percent target, Bair said she expects the Board to consider reducing rates to a maintenance level.
IBA honors Student Athlete Achievement Award winners
For the 20th year, the Iowa Bankers Association was pleased to present its 2008 Athletic Achievement Awards to four student athletes during the 2008 Iowa High School Boys’ Basketball Tournament. This year’s recipients include seniors Dylan Dinkla (1A), Jay Gordon Bunte (2A), Christopher Iverson (3A) and Jon Housholder (4A).
The award recognizes student athletes who not only excel on the court but also in the classroom and community. Each recipient received a $1,000 scholarship to the college of his choice.
Class 1A recipient Dylan Dinkla pictured with Barry Monaghan of Guthrie County State Bank, Guthrie Center (left) and IBA Chairman Jim Schipper (right).
Class 2A recipient Jay Gordon Bunte pictured with Brent Bunte, Jay’s father and Board Member of First American Bank in Fort Dodge (left) and Jim Schipper (right).
Class 3A recipient Christopher Iverson pictured with IBA Chair-elect Tom Stanberry (left) and David Phillips of Premier Bank in Dubuque (right).
Class 4A recipient Jon Housholder pictured with Ben Hildebrandt of the IBA (left) and LuAnne Gafford of Bankers Trust, Clive (right).
New mortgage resources offer current industry facts
The Iowa Bankers Association has prepared new member resources related to the current state of the mortgage market.
- A mortgage fact sheet provides information on the current state of the mortgage market in Iowa.
- A letter to the editor has also been developed for members to send to their local media outlets.
- For members who need to give a speech to community groups, an updated mortgage review presentation addresses national and state mortgage market conditions.
Salary Survey Deadline is April 18
The 2008 IBA Salary Survey has been sent to IBA members. The deadline to complete the survey is April 18. Click here to complete the survey online. You will need to enter the survey number and password provided in your bank’s mailing. If you have questions, please contact the IBA’s Karen Rieck at 800.532.1423.
IBA Ag Conference draws 230 bankers
More than 230 bankers attended the 2008 Iowa Bankers Association Ag Bankers Conference March 16-18 in Ames. Pictured from left are Agricultural Committee Chairman Eric Walhof of First National Bank in Sioux Center, opening speaker Mark Pearson of WHO Radio and IPTV and Iowa Bankers Mortgage Corporation Vice president Don Foley dressed in the spirit of St. Patrick’s Day.
IBIS welcomes Josh Guttau to Board of Directors
Iowa Bankers Insurance & Services (IBIS) is pleased to welcome Josh M. Guttau to the Board of Directors. Guttau is president and chief financial officer of Treynor State Bank in Treynor.
Guttau earned a B.S. in Animal Science from Iowa State University in 1999 and completed his MBA in 2001. Guttau joined the Treynor State Bank staff in 2003 and continues to own and manage a 75-head commercial angus cow herd. He is president of the Treynor School District Board of Education and also serves as a board member for Heartland Family Services and Alegant Health Foundation/Mercy Hospital.
IBIS elected its 2008 Board of Directors at the annual stockholders’ meeting on Feb. 6 at the Iowa Bankers Association Management Conference in Des Moines. The 12-member Board oversees the operations of IBIS, which provides reliable and cost-effective insurance products to customers.
In 2007, IBIS increased revenue by 2 percent compared to 2006 and provided excellent returns to its bank agencies and stockholder banks with experience earnings and commission returns totaling over $3.3 million. The IBIS Section 105/125 administration program continues to do extremely well with over 7,300 participants in only its fourth year of operation.
IBIS has offered the Iowa Bankers Benefit Plan (IBBP) since 1978, which provides group health, life and disability coverage for bank employees and their families. Today, IBBP is a $100 million insurance trust providing coverage for over 11,000 employees and more than 29,000 lives.
Learn more about IBIS at www.bankers-insurance.com.
2008 Board of Directors
Chairman Jeff Gribben, First Citizens National Bank, Mason City
President Merritt D. Krause, IBIS, Johnston
Craig A. Arendt, Bankers Trust Company, Des Moines
Gary L. Beggs, Bank Iowa, Clarinda
David A. Coulter, Cedar Valley Bank & Trust, La Porte City
Bradley I. Davis, Hampton State Bank, Hampton
Josh M. Guttau, Treynor State Bank, Treynor
Ronald L. Hansen, Liberty Trust & Savings Bank, Durant
James R. Kennedy, Jr., Fidelity Company, Dubuque
Thomas J. Larson, Iowa State Bank, Algona
James A. Matthys, Buffalo Savings Bank, Buffalo
John Sorensen, Iowa Bankers Association, Johnston
50 graduate from 2008 IBA Consumer Credit School
Congratulations to the 50 Iowa bankers who graduated from the 2008 IBA Consumer Credit School March 2-7 at The Gateway Hotel and Conference Center in Ames. The school prepares consumer credit personnel to serve effectively and profitably as consumer credit officers. To be eligible for graduation, students must attend all classes, participate in class discussions and score 70 percent or better on quizzes, an idea paper and final exam. Students scoring in the top 10 percent included: Molly Dietz, Adam Heun, Jeremy Keizer, Erin McGuire, Brian Metzger, Isaac Schmidt and Angela Van Gorp.
Brad Amthauer
Community State Bank, Spencer
Jared Anderson
Premier Bank, Hudson, S.D.
Stephanie Christopher
Walcott Trust & Savings Bank, Walcott
Heather Craighton
Peoples Trust & Savings Bank, Grand Junction
Chad Cutsforth
First Security State Bank, Waterloo
Shelly DeJong
First National Bank,
Le Mars
Molly Dietz
Hills Bank & Trust, Iowa City
Jodi Duhn
Northwest Federal Savings Bank, Spencer
Michele Ferris
State Bank of Toledo, Toledo
Jamie Frett
Iowa Bank, Maquoketa
Tony Fullenkamp
Fort Madison Bank & Trust, Fort Madison
Nick Gabriel
Hills Bank & Trust,
Cedar Rapids
Timothy Gootee
FirstBank, Johnston
Nicole Grove
Peoples Trust & Savings Bank, Waukee
Linda Heim
Northwest Bank, Ankeny
Tami Hejlik
Webster City Federal Savings Bank, Webster City
Adam Heun
Security Savings Bank, Gowrie
Emily Hook
Freedom Bank, Monona
Sean Jurgens
Hills Bank & Trust, Iowa City
Jeremy Keizer,
Frontier Bank, Rock Rapids
Kerry Kreiss
Two Rivers Bank & Trust, Burlington
Carrie Langton
Hills Bank & Trust, Hills
Beth Lortz
County Bank, Williamsburg
Dan Marine
Central State Bank, Wilton
Sara Marino
United Security Savings Bank, Cedar Rapids
Erin McGuire
Hills Bank & Trust,
Mount Vernon
Brian Metzger
Frontier Bank, Rock Rapids
Amy Mielak
Hedrick Savings Bank, Kellogg
James Miller
Farmers State Bank, Waterloo
Amy Moraczewski,
Crawford County Trust & Savings Bank, Denison
Matt Mueller
Iowa Trust & Savings Bank, Emmetsburg
Scott Mueller
Farmers State Bank, Waterloo
Jason Olson
Peoples Trust & Savings Bank, Clive
Julian Ortiz
Citizens 1st National Bank, Storm Lake
Jason Parnell
Polk County Bank, Johnston
Cathy Pohlman
Iowa Trust & Savings Bank, Laurens
Sam Rasmussen
Community State Bank, Ankeny
Destiny Reid
Iowa State Bank, Burlington
John Richards
Polk County Bank, Johnston
Lindsey Riley
Peoples Trust & Savings Bank, Clive
Roxanne Rutherford
1st National Bank, Ankeny
Laura Schmauss
Cresco Bank & Trust, Cresco
Isaac Schmidt
Northwestern Bank,
Orange City
Russell Smith
Farmers State Bank, Marion
Kallen Sparks
Security National Bank, Sioux City
Tina Tupy
Cresco Bank & Trust, Cresco
Angela Van Gorp
Leighton State Bank, Pella
Chad Ward
Lee County Bank & Trust N.A., Fort Madison
Dawn Wilson
Hills Bank & Trust, Coralville
Peter Wislander
Northwest Bank & Trust, Davenport
|
|
