Pub. 17 2022-2023 Issue 6

MAY NBA Annual ConventionMay 3–5La Vista, NE BSA/AML Compliance Management WorkshopMay 22Lexington, NE BSA/AML Compliance Management WorkshopMay 23Lincoln, NE JUNE Annual Golf OutingJune 8Hastings, NE Bank Robbery SafetyTips WorkshopJune 14Virtual Bank Compliance SchoolJune 26–30Manhattan, KS JULY Agricultural Lending SchoolJuly 10–14Manhattan, KS New Account Documentation & Compliance WorkshopJuly 18Kearney, NE New Account Documentation & Compliance WorkshopJuly […]

On Jan. 5, 2023, the Federal Trade Commission (FTC) released a Notice of Proposed Rulemaking (“the proposed rule”) to essentially implement an all-out federal ban on non-compete clauses in employment contracts. Non-compete clauses generally restrict a person’s ability to work for a competing employer, whether by name or in general. Many times, these clauses will carve out a radius in which a person is prohibited from working with competing employers and will have limits on the duration of the ban.

As we move through 2023, the possibility of a recession is at the forefront of most investors’ minds. Fortunately, most municipalities are in a good starting place for a downturn. Tax revenue has soared recently, and federal aid has also helped to boost the balance sheet of state and local governments. Many issuers have reported record-high budget surpluses and/or

The recent LastPass breach reminds us there is no way to stay 100% safe online and highlights some of the risks associated with using a central vault to store passwords and other secrets. However, password managers (PMs) remain the most secure way to protect passwords, even though they are not perfect.

Silicon Valley Bank
On Friday, March 10, 2023, the federal government took over the 40-year-old bank, Silicon Valley Bank (SVB), as it was in the midst of collapsing. SVB had become known as a bank for tech startups and innovation. At the time of the failure, SVB was the 16th largest bank with approximately $200 billion in assets, of which approximately 95% of the assets were uninsured.1

For community banks seeking to remain competitive in today’s crowded financial services marketplace, innovation is imperative. A relationship with a core provider can make or break an institution’s innovation goals, and for too many community banks, legacy core technologies are holding them back.

Just when you thought things could not be more interesting for the banking sector … suddenly, regulators closed Silicon Valley Bank (SVB), subsequently followed by Signature Bank.