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THE GREATEST SHOW ON EARTH!
IBC EDUCATION FOUNDATION’S 41ST ANNUAL CONVENTION
Community bankers from across Colorado and myriad associate members and vendors from throughout the U.S. attended our 41st Annual Convention—Greatest Show on Earth held in September at the beautiful Vail Marriott Mountain Resort! More than 120 bankers were in attendance representing 45 banks. Ringmaster Tom Olson, President and CEO, Points West Community Bank and IBC President keep everything on schedule under the Big Top.
It was a fabulous gathering and our 303 attendees had a marvelous time. We appreciate the support of our community bank members, associate members, speakers, sponsors, and exhibitors!
Keynote speakers Esther George, President and CEO, Federal Reserve Bank of Kansas City and Philip K. Smith, President, Gerrish McCreary Smith, Attorneys and Consultants were the main attraction in the main ring Friday morning.
We especially thank the following dedicated IBC and IBC Education Foundation Board and Committee Members for helping us plan our greatest, high-flying, fun and spectacular Annual Convention to date: Tom Olson, IBC President and President and CEO, Points West Community Bank and Steve Short, Chairman, IBC Education Foundation Chair and Chairman, First National Bank of Durango; and the entire Convention Committee: Chuck Johnston, President, North Valley Bank; Byron Maynes, President, First National Bank Cortez; John Sneed, President, FMS Bank; PJ Wharton, President, Yampa Valley Bank; Boyd Hodges, President, Pine River Valley Bank; Lauren O’Connell, O’Connell Consulting Group; Rocky Levkulich, CPA; Jim Pieters, CEO, High Plains Bank; Tammie Lowrie, BKD CPAs and Advisors; Allan Tormohlen, Vice President, Canon National Bank; Angie Weed, Marketing Director, The Eastern Colorado Bank; Ed Merritt, Jr., President, The Dolores State Bank; Tony Thompson, President, Alpine Bank Basalt; CJ Juleff, CJ Juleff & Associates; Joan Lawson, Co-President, Farmers State Bank of Calhan; Ashley Burt, Gunnison Bank & Trust; and Ernie Panasci, Partner, Stinson Leonard Street.
The Eagle Vail Golf Club proved to be a fun and challenging course for our more than 90 golfers. It was a fabulous day packed full of sunshine and tutus. A number of events were sponsored at the tournament. Four teams mastered the course with enough skill (and luck) to win the tournament:
First Place Second Place
Andrew Trainor, Legacy Bank Jay Rickstrew, Alpine Bank
Nick Burns, IMA Colorado Tony Thompson, Alpine Bank
Wes Spohr, INTRUST Bank, N.A. Clay Tufly, Alpine Bank
Brit McPherson, Computer Services, Inc. (CSI) Trevor Johnson, Alpine Bank
First Place Second Place
Chuck Johnston, North Valley Bank Fred Bauer, Farmers Bank
Scott Wintenburg, Bankers’ Bank of the West Larry Hoffner, Farmers Bank
Alan Wooldridge, Accusystems Kristin Godfrey, Stinson Leonard Street
Vink Miller, The Independent Bankers’ Bank Eric Hallman, ICBA
Congratulations to our hole contest winners: Tim Cobb, D+H; Clay Waller, Eide Bailly; Sam Jarvis, First National Bank, Cortez; Vink Miller, The Independent Bankers’ Bank; Ed Merritt, Jr., The Dolores State Bank; Tony Thompson, Alpine Bank; Clay Tufly, Alpine Bank; and Scott Peters, The Baker Group.
Thanks to BKD’s Bud Hollenkamp and ValueTec Financial Equipment’s Sandy Edwards for our great golf tournament pics! What a beautiful day!
Our Opening Reception kicked things off Thursday evening. More than 30 exhibitors filled the exhibit hall and 24 outstanding sponsors supported our 41st Annual – Greatest Show on Earth. Everyone enjoyed great food, lively conversation, and so much more.
Tom Olson, IBC President and President and CEO of Points West Community Bank called the IBC annual meeting to order on Friday morning. President-Elect Allan Tormholen, Vice President, Cañon National Bank, under our by-laws succeeds Tom as the IBC President for the 2014-2015 term. Congratulations Allan! Tom is now Chairman of the IBC and the IBC Education Foundation. The board and membership unanimously approved Byron Maynes, President, First National Bank, Cortez to the position of President-Elect for the 2014-2015 term. Congratulations Byron! In addition, our membership unanimously elected Ed Merritt, Jr., President, The Dolores State Bank, to serve on the board representing District D filling Byron’s vacancy. We also wish Steve Short, Chairman, First National Bank of Durango continued success and prosperity as his terms came to an end.
Thank you to Rebeca Romero Rainey, ICBA Vice Chairman and Chairman and CEO of Centinel Bank, Taos, New Mexico for her pointed and timely federal legislative update from ICBA. Tom Olson presented Rebeca with the covenanted silver spur.
Barbara Walker, Executive Director, IBC, recognized Phil Randell, Senior Vice President, CoreFirst Bank & Trust and Ed Merritt, Jr., President, The Dolores State Bank, for their dedicated service and leadership while serving on the IBC Education Foundation (IBCEF) Board of Directors. Phil served on the IBCEF Board since 2008 and Ed since 2010.
Barbara also announced the recipients of the 2014 IBC Legislator Awards: Representative Dan Pabon – Spirit of Independence; Senator Kevin Grantham – Champion of Main Street Colorado; Representative Frank McNulty – Legislative Excellence; Senator Ted Harvey – Legislative Excellence and Senator Lois Tochtrop – Legislative Excellence. These supporters of community banks and of the communities we serve will receive their awards during the IBC’s October Awards Luncheons.
Tom Olson, IBC President, took center stage to present his agenda for the upcoming year.
Esther George, President and CEO, Federal Bank of Kansas City, presented the keynote address, U.S. Economy and Banking. It was an honor and pleasure to have President George at our convention this year.
Another center ring attraction was – Philip K. Smith, President, Gerrish McCreary Smith, Attorney and Consultants, awed attendees with his presentation of Community Bank Survival Guide – YOU Must Change!
An all-star regulatory panel followed lunch. Christian Otteson, Bieging Shapiro & Barber LLP moderated the panel comprised of: Nathan Heizer, FDIC; Kurt Raney, OCC; Ken Boldt, Division of Banking; and Richie Thorne, FRB of Kansas City Denver Branch.
Friday afternoon concluded with four standing room only breakout sessions. Scott Broughton, ICBA Bancard, presented Trends in Payments & Emerging Technologies; Adam Fiedor, KPMG Corporation Finance, presented Lessons Learned in the M&A Trenches: strategic implications for value enhancement; Eric Pulse, Eide Bailly, presented Community Banks and Cybersecurity – What Does it Mean? and Kendrik de Koning, TransWestern Capital Advisors, presented It’s a Mad Mad Mad World – Assessing the Daily Headlines in the Context of Community Bank Balance Sheet Management.
Our Friday evening events were splendid! Attendees had a grand time visiting with vendors and bidding on silent auction items during our reception. Dinner was delicious. And Michael and Amy Pickering stunned the crowd with their dueling piano performance. They received TWO standing ovations!!
IBC district roundtables took center stage Saturday morning. Bankers discussed banking issues affecting their communities as well as what the future may hold.
Immediately following the roundtable discussions, attendees had the dubious task of deciding which breakout sessions to attend: Adam Fiedor, KPMG Corporation Finance, presented Lessons Learned in the M&A Trenches: strategic implications for value enhancement; Eric Pulse, Eide Bailly, presented Community Banks and Cybersecurity – What Does it Mean? Eric Budreau and Andy Kaiser, Eide Bailly CPAs and Business Advisors, presented 2014 Tax Planning: Good News, Bad News … and Opportunities; Bud Hollenkamp, BKD CPAs and Advisors presented on BASEL III Update; Greyson Tuck, Gerrish McCreary Smith, Attorneys and Consultants presented Resolving an Unexpected Compliance Emergency and Effective Board Leadership; Jim Swanson and Larry Martin, Bank Strategies LLC presented Current Issues and Trends on the Lending Front; and Christian Otteson, Bieging Shapiro & Barber LLP, presented M&A Deal Design: strategic considerations of regulatory, tax and legal issues that can make or break your deal.
Our convention concluded in grand fashion Saturday evening. Attendees feasted on hors’d ‘oe uvres while perusing the fabulous auction items. Our live auction took center stage just before dinner.
A special thank you to Norm Arends, Colorado East Bank & Trust for being our auctioneer. We couldn’t have done it without you! We raised more than $12,000 for the IBC Education Foundation. Thank you to everyone who donated and purchased items.
Prior to dinner Allan Tormohlen, IBC President, presented the IBC Education Foundation’s Western States School of Banking Freshman Academic Achievement Scholarship to Robert Ferguson, First National Bank of Durango. Robert is the recipient of the annual $500 scholarship to the Western States School of Banking based on her outstanding academic performance. Congratulations!
Allan also noted the recipients of the IBC Education Foundation’s $1,000 High School Senior Scholarships: Benjamin Wharton sponsored by Yampa Valley Bank and Zachary Ritchie sponsored by Alpine Bank.
The remainder of Saturday evening was filled with great food and awe inspiring aerial art performed by Aerial Dance Over Denver. Just amazing!!
Thanks to Our Exhibitors
1st Reverse Mortgage USA
AccuSource – A Safeguard Distributor
Bankers’ Bank of the West
BKD CPAs and Advisors
Colorado Housing and Finance Authority
Colorado Lending Source
Eide Bailly CPAs & Business Advisors
Expert Business Development
Federal Reserve Bank of Kansas City
Garland Heart – Security | Compliance | Consulting
Gill Capital Partners
Graduate School of Banking at Colorado
Holman Capital Corporation
Independent Community Bankers of America (ICBA)
Jack Henry Banking
Kansas Bankers Surety Company
Motel Man Management & Receivers
Promontory Interfinancial Network
Secure Banking Solutions
Valuetec Financial Equipment, LLC
Thanks to Our Generous Sponsors!
Astley – $5,000 and Up!
Bankers’ Bank of the West
BKD CPAs and Advisors
ICBA Services Network
UMB Bank, n.a.
Ricketts – $3,750 to $4,999
AccuSource – Safeguard Distributor
Barnum – $2,500 to $3,749
Fortner Bayens Levkulich & Garrison, P.C.
Lewis Roca Rothgerber LLP
Stinson Leonard Street LLP
Bailey – $1,000 to $2,499
Bieging Shapiro & Barber LLP
Secure Banking Solutions (SBS)
Cirque du Soleil – $200 – $999
INTRUST Bank, N.A.
Vanuetec Financial Equipment LLC