Pub. 10 2015-2016 Issue 4

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 14 22 NOVEMBER/DECEMBER 2015 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to themagazine, which began bi-monthly publication inMay 2006, is included in membership fees to the Nebraska Bankers Association. 8 CORRECTION The last sentence of the Counselor’s Corner article, titled “Mortgage Loan Officers: The Classification Debate Continues,” on page 12 of the September/October 2015 edition of Nebraska Banker magazine should have stated: “This exemption, like all others, will be subject to the mandatory increase for the minimum salary threshold from $455 a week to $970 a week, which is expected to go into effect after Jan. 1, 2016.” If you have questions regarding this information, please contact Kutak Rock at (402) 346-6000. 7 President’s Message – NBA Expands Executive Coaching Program Based on positive feedback and increased demand, the NBA and The Executive Development Group are now partnering with SilverStone Group of Omaha to expand the NBA Executive Coaching Program. By Richard J. Baier, President & CEO, Nebraska Bankers Association 8 Washington Update – Proud to Have Served America’s Hometown Banker After five years at the ABA, Frank Keating bids farewell to the banking industry. By Frank Keating, President & CEO, American Bankers Association 10 NBA Education Calendar 12 Building Relationships Through Leadership Enhance your career by applying for the NBA Leadership Class of 2018! By Ron Arrigo, Senior Vice President, Nebraska Bankers Association 14 Counselor’s Corner – Should Lotto Be Your Motto? Incentivizing Deposits in a Markedly Different Way Learn about the history of Prize Linked Savings accounts and what issues you should consider before implementing such a program. By Jeff Makovicka, Kutak Rock LLP 18 Consultant’s Corner – Team Check-In: Is Your Senior Team Using These Three Strategies? Discover how your team can improve its effectiveness, without an extensive overhaul of your organization. By Danielle Crough, PhD, SPHR, SilverStone Group, Omaha, Neb. 20 Security Officer’s By-Word – Why Dishonest Acts Lead to Job Loss When it comes to dishonest or fraudulent acts by employees, the bank has no choice but to terminate employment or lose Financial Institution Bond coverage on that employee. By Charles M. Towle, KBS President 22 Tech Talk – Once Upon a Data Breach Find out how your bank can best prepare for the increasing threat of cyberattacks. By Alyssa Pugh, CoNetrix 24 Bert Ely’s Farm Credit Watch – AgriBank: One of the World’s Safest Commercial Banks? If Global Finance views Farm Credit System institutions as commercial banks, perhaps Congress should, too, and subject them to oversight by the banking committees. By Bert Ely, Alexandria, Va. 27 Leadership Takes on New Emphasis for Bankers Attending GSB This year’s incoming class of 209 new freshmen at the Graduate School of Banking at the University of Wisconsin-Madison are not only working toward building their banking credentials, they’re also embarking on a new, tailor-made leadership development program. By Kathy Kienitz