Pub. 13 2018-2019 Issue 4

WWW.NEBANKERS.ORG 4 NOVEMBER/DECEMBER 2018 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 in May 2006, is included in membership fees to the Nebraska Bankers Association. CONTENTS 7 PRESIDENT’S MESSAGE – NAVIGATING THE WORLD OF FINANCIAL TECHNOLOGY The continued evolution of financial technology requires banks to embrace and plan for digital presence. Richard J. Baier, President & CEO, Nebraska Bankers Association 8 WASHINGTON UPDATE – KEEPING PACE WITH CHANGE ABA focused on advocating for community banks with core providers and invests in technology partnerships. Rob Nichols, President and CEO, American Bankers Association 12 COUNSELOR’S CORNER – WHOSE CROP INSURANCE IS IT ANYWAY? Perfecting a lenders lien in federal crop insurance proceeds. David Bracht, Kutak Rock LLP 16 TECH TALK – ACHIEVING SOCIAL MEDIA GOALS WITH SECURITY IN MIND Social media can be a leisurely and personal activity, it can also quickly become a business blunder. Samantha Torrez, CISA, CISSP, CoNetrix 20 JUST STATING THE FACTS – STATE LAW SHIFTS AND THE IMPACT ON THE FINANCIAL COMMUNITY Federal law versus state law – a push and pull of the ages. The two can work side by side with no problems most days. Sarah Sauceda, Associate General Counsel, Compliance Alliance 22 BERT ELY’S FARM CREDIT WATCH The height of FCA hypocrisy and publishing enforcement orders; Is the FCA waking up fast enough to risks facing the FCS?; What happens if a patronage dividend is not paid as promised? Bert Ely, Alexandria, Va 24 MEET THE NEWMEMBERS OF THE NEBRASKA LEGISLATURE The Nebraska legislature includes many new faces this year, as the first session of the 106th Legislature will convene Jan. 9, 2019. 26 WHEN SHOULD FINANCIAL INSTITUTIONS MOVE IT INVESTMENTS TO THE CLOUD? Many financial institution executives are struggling with the decision about whether to have an on-premise or cloud-based information technology (IT) infrastructure. Todd Gengenbach, Technology Consulting Manager, RSM US LLP 29 EDUCATION CALENDAR COVER PHOTO: Getty Image of Nebraska Embracing Technology with Techfin Firms 8