Independent Bankers of Colorado's 46th Annual Convention
Wednesday - Friday, September 25-27, 2019
Vail Marriott Mountain Resort, 715 West Lionshead Circle, Vail, CO

Community Banks - Your Golden Ticket!

Detailed information will be available soon!


Happy Birthday IBC! - 45 Looks Good on You!
Community bankers from across Colorado, as well as numerous associate members and vendors from around the country attended our 45th Annual Convention—Come Celebrate with Us! A Birthday Party! Our Annual Convention took place in September at the beautiful Vail Marriott Mountain Resort.

More than 145 bankers representing 50 banks were in attendance! It was a fabulous gathering and our more than 275 guests had a marvelous time. We appreciate the support of our community bank members, associate members, speakers, sponsors, and exhibitors!

We thank the following dedicated IBC Board and Convention Committee Members for their assistance in helping plan our Annual Convention: Chuck Johnston, North Valley Bank; John Sneed, FMS Bank; PJ Wharton, Yampa Valley Bank; Jay Rickstrew, Alpine Bank; Lauren O’Connell, O’Connell Consulting Group; Bud Hollenkamp, BKD, LLP; Angie Weed, The Eastern Colorado Bank; Ed Merritt, Jr., The Dolores State Bank; Tony Thompson, Alpine Bank Basalt; Joan Lawson, Farmers State Bank of Calhan; Ashley Burt, Gunnison Bank & Trust; and Ernie Panasci, Stinson Leonard Street.

The Eagle Vail Golf Club proved to be a fun and challenging course for our golfers. It was a fabulous day packed full of sunshine and fun! A number of events were sponsored at the tournament. Four teams mastered the course with enough skill (and luck) to win the tournament:
Flight One
First Place Second Place
Kyle Heckman, Flatirons Bank John Sneed, FMS Bank
Jeff Benson, Bankers' Bank of the West Spencer Aberly , iHELP Private Student Loan
Christian Otteson, Shapiro Bieging Barber Otteson Jeff Restad, Bell Bank
F. John Podvin, Jr., Shapiro Bieging Barber Otteson Tracy Peterson, Bell Bank

Flight Two
Norm Arends Byron Bateman, Cache Bank & Trust
Adam Fiedor, GLC Advisors Jeff Dove, Cache Bank & Trust
Shawn Eidson, INTRUST Bank, N.A. Eric Budreau, Eide Bailly
Quinton Smith, INTRUST Bank, N.A. Paul Harrison, Bankers' Bank of the West

Our Opening Reception kicked things off Wednesday evening. Thirty-eight exhibitors filled the exhibit hall and 27 outstanding sponsors supported our 45th Annual Convention. Everyone enjoyed great food, lively conversations, and so much more!

John Sneed, IBC President and CEO and President, FMS Bank, called the IBC’s 45th Annual Business Meeting to order Thursday morning. Under our By-Laws, President-Elect Megan Harmon, Branch President and Chief Operating Officer, The Eastern Colorado Bank, succeeds John as IBC President for the
2018-2019 term. Congratulations Megan! John is now Chairman of the IBC. The IBC Board and Active Member Banks unanimously approved PJ Wharton, CEO and President, Yampa Valley Bank, to the position of IBC President-Elect for the 2018-2019 term. Congratulations PJ!

John passed the gavel to Megan, She proceeded to take center stage to present her agenda for the upcoming year. We look forward to Megan’s guidance and enthusiasm!

We thank Aaron Stetter, ICBA Executive Vice President, Policy and Political Operations, for his pointed,
timely, and passionate ICBA federal legislative update.

The results of the IBC’s District Director Elections were announced. The following board members were successfully reelected to serve an additional three-year term: District B, Ed Rarick, President, High Plains Bank Flager; and District C, Lora M. Rose, Chief Financial Officer, The State Bank, La Junta. With the election of PJ Wharton as our new President-Elect, this leaves a Director vacancy in District D to be filled, along with the vacancy in District A with Brandon Berkley finishing his second term as an IBC Director.

Barbara Walker, IBC Executive Director, recognized Brandon Berkley, President, Berkley Bank, and Chuck Johnston, President, North Valley Bank, for their dedicated service and leadership while serving on the IBC Board of Directors. Brandon has served on the Board and as a member of the IBC Government Relations Committee since 2010 and Chuck’s most recent term on the Board began in 2011.

Barbara also recognized outgoing IBC Chairman Harry Devereaux, Guaranty Bank, for his 11 years of dedicated service to the IBC and the community banking industry. Barbara announced the recipients of the 2018 IBC Legislator Awards: Senator Bob Gardner – Legislative Excellence; Representative James Coleman – Spirit of Independence; and Senator Jack Tate –Champion of Main Street. These supporters of community banks and of the communities we serve will receive their awards in late September and early October, at IBC member banks located within their districts.

Debra Fine’s, The Art of Small Talk, Inc., The Fine Art of Building Business Relationships presentation was a perfect way to kick off the education portion of our Convention. Debra provided everyone with methods on how to have a meaningful conversation, how to end a conversation, and how to kill a conversation.
Our first round of break-out sessions followed Debra’s presentation.
  • An Update on the Treatment of Marijuana Related Businesses, Including Industrial Hemp Under the Farm Bill presented by F. John Podvin, Jr., Shapiro Bieging Barber Otteson LLP
  • Tackling Cybersecurity: A community banker and a regulator call the plays by Joseph Miller, Federal Reserve Bank of Kansas City and Anne Benigsen, Bankers’ Bank of the West
  • Take Action: The Vital Role of Community Bank Advocacy presented by Joshua Habursky, ICBA
  • Winning the Game of Business by Engaging Your Team presented by Chris DiLorenzo, The James Paul Group
Next up – Recognition Luncheon! Barbara Walker recognized Megan MacHatton, Vice President, FirstBank, for her outstanding academic achievement at The Graduate School of Banking at Colorado. Based upon first and second year projects and exam grades, Megan was the top performing Colorado community banker! Megan will receive a $1,000 scholarship toward her final year at The Graduate School of Banking at Colorado. Congratulations Megan!

In addition, Barbara also recognized the recipients of the IBC’s $1,000 High School Senior Scholarships. Each awardee receives a one-time $1,000 scholarship. Makayla Huffman, sponsored by The First National Bank of Las Animas, is the recipient in the bank employee child category and is attending Adams State University. Jonathan Gertner, sponsored by Bank of Colorado, is the recipient in the bank customer category and is attending the University of Colorado at Colorado Springs. We wish Makayla and Jonathan all the best in their academic endeavors.

In Special Recognition of IBC Leadership Community Bankers
In November 1973, the presidents of IBC’s 34 founding member banks gathered in Denver to sign a document that was called the Declaration of Independence to form the IBC. In 1993, on the IBC’s 20th birthday, Ivan Fugate, President of founding member North Valley Bank and IBC’s first Chairman of the Board, recalled that IBC was formed for those who believe the people of Colorado are best served by a diversified financial system of independently chartered local banks in every community. Ivan passed away in 2010. Forty five years after our founding, IBC’s purposes live on to advocate exclusively for and support the community banking industry.
During our 45th Convention, the IBC recognized the community bankers who founded IBC and who have served in leadership roles with the IBC and ICBA. Several of these community bankers joined us for our celebration. And the Spirit of Independence of those who have passed, remain in our memories with gratitude.

Bill Mitchell, President, Bankers Bank of the West, which was formed in 1980 and is the second independent bankers’ bank formed in the United States, is IBC’s longest serving leadership banker. Bill has been an IBC officer or director for 21 years. During this time, Bill also served as an ICBA leadership banker for 17 years as a committee member and on ICBA’s Bankers Bank Council.

Chuck Johnston, President, North Valley Bank, has served as an officer and director of the IBC for 17 years. Chuck was elected to the IBC Board in 2003, and served as an IBC Officer, as well as Chairman of our Education Foundation, and as a member of several IBC committees through 2008. He returned as our ICBA State Director in 2011 for six years, while also serving on ICBA’s Board and committees for 10 years. North Valley Bank, the oldest independent bank in the North Denver Metro area and chartered in 1963, is one of IBC’s Founding Member Banks.

Dale Leighty, Chairman, First National Bank Las Animas, which was established in 1901, is IBC’s longest serving state and federal leadership banker. Dale has a total of 32 years of service to the IBC and ICBA. Dale began his role as an IBC officer and director from 1986 through 1992, and has to this day continued his leadership involvement with ICBA with 26 years of national service. Richard Jorgenson, who passed away earlier this year, was a past President and Chairman of First National Bank Las Animas, and was an officer and director of the IBC in 1977 and from 1980 through 1983.

Harry Devereaux, former president, Home State Bank, is a third generation community banker who has served the community banking industry for over 40 years. And he has served as an Officer and Director of the IBC for 11 years. Home State Bank was also one of the Founding Member Banks of the IBC 45 years ago. Harry’s dad, Jack Devereaux, owned and served as a director of community banks for over 60 years in Montana, Wyoming and Colorado. In 1958, Jack was President of the Wyoming Bankers Association. And he served as an officer of the IBC for three years in the early 1980s. Harry’s grandfather was also a community
bank director for over 30 years in South Dakota. The Devereaux family has over 100 years of combined service to the community banking industry.

Founding member, The Bank of Denver, was organized by George F. Rock, Jr. in 1953. After their father died, brothers Gene and George Rock took over operations of the bank. Gene Rock served as an IBC officer and director from 1980 through 1984. His brother George passed in 2006. The Rock family’s third generation of community bankers Linda Rock Kreutz and Lori Radcliffe joined us for our 45th Convention.

Dick Ducic, former President of then Bank of Basalt, served as an IBC officer and director from 1977 through 1981, and again as a director in 1986 when he was President of First National Bank Cedaredge. We welcomed Dick to our Convention.

Past IBC Officers and Directors also joining the IBC for our 45th celebration—Jim Sower, former President and Chairman, Pine River Valley Bank;
Allan Tormholen, High Country Bank, and former Vice President, Canon National Bank;
Tom Olson, CEO Points West Community Bank;
Brett Legg, President, The Eastern Colorado Bank;
Tom Havens, President, Rocky Mountain Bank & Trust;
Doug McClure, Chairman, Rocky Mountain Bank & Trust; and
Les Mergelman, former President, Olathe State Bank

Our Canvas and Cocktails guest/spouse program was a tremendous hit! Everyone enjoyed casual conversation while painting their masterpieces! Thanks to expert direction and tips from Lauren at Alpine Arts Center, everyone loved their finished work of art!

Thursday afternoon concluded with eight outstanding breakout sessions.
  • Behind the Numbers: An In-Depth Look into Recent M&A Activity by Christian Otteson, Shapiro Bieging Barber Otteson LLP; and Adam Keefer and Caspar Bentinck, both of Sandler O’Neill + Partners;
  • The Tax Cuts and Jobs Act on C Corps, S Corps, and Individuals by Joe Press and Charlie Garrison of Fortner Bayens Levkulich & Garrison, P.C.;
  • The Inside Game – How Attitude, Thoughts and Beliefs Affect Staff and Bank Performance, presented by Connie West, The James Paul Group;
  • Interest Rate Risk by Ricky Brillard, ICBA Securities/Vining Sparks;
  • Shareholder Liquidity Options: M&A is Not the Only Way by Adam Fiedor and Michael Richter, GLC Advisors & Co.;
  • Current Colorado Commercial Credit Trends presented by HD Jacobs, S&P Global;
  • Cybersecurity Conversations Executives Need to be Ready For presented by Nick Podhradsky, SBS
  • Cybersecurity; and
  • Overview and Conversation with U.S. Small Business Administration presented by William Manger and Dan Nordberg U.S. Small Business Administration.
Our Thursday evening events were splendid! Attendees had a grand time visiting with vendors and bidding on silent/live auction items during our reception. A special thank you to Norm Arends, for being our auctioneer. 
We couldn’t have done it without you! Because of your generosity, we were able to raise more than $4,800 for the IBC’s high school student scholarship competition. Thank you to everyone who donated and purchased items!

After a delicious dinner, Lannie Garrett and her band did not disappoint! Their Patsy DeCline Show brought down the house! Laughter could be heard throughout the resort.

A cybersecurity panel comprised of:
  • Chad Pfeif, Legacy Bank; Tony
  • Perry, Park State Bank & Trust; Cole
  • Hewitt, Yampa Valley Bank; and
  • Chris Hill, Bankers’ Bank of the West
began Friday morning. Anne Benigsen, Bankers’ Bank of the West, served as the panel moderator. The
panel shared insights from and challenges faced by those in the IT/IS position at the bank, tackled tough
questions from the audience, and provided thoughts on how to manage your next IT/IS regulatory exam.

Eric Cook, WSI, had the honor of concluding our convention. Eric’s high-energy Community
Banking and the Amazon Effect presentation provided information about how community banks
need to promote their products and services, how to make the account opening experience easier, and
how to have a social media presence.

Thanks to Our Exhibitors!
1st Mortgage Solutions Haas & Wilkerson Insurance
Accusystems, LLC Harland Clarke
The Baker Group IBT Apps
Bank Compensation Consulting Independent Community Bankers of America (ICBA)
Bank Financial Serives Group (BFS Group) iHELP Private Student Loan
Bankers' Bank of the West The James Paul Group
BKD CPAs & Advisors, LLP MG Architects
BMA Banking Systems Moss Adams
Colorado Housing and Finance Authority NewGround
Computer Services, Inc. (CSI) OnCourse Learning
Cook Security Group Preferred Lending Partners
Crescent Mortgage Promontory Fulfillment Services
Deluxe Strategic Sourcing Promontory Interfinancial Network
Eide Bailly S&P Global Market Intelligence
Federal Protection, Inc. SBS Cybersecurity
Federal Reserve Bank of Kansas City SHAZAM
FIS Travelers
Gill Capital Partners ValueTec Financial Equipment
The Graduate School of Banking at Colorado West Gate Bank Mortgage

Thanks to Our Generous Sponsors!
Birthday Present and Legacy Partner Streamer ($2,500-$3,749) Continued
Bankers' Bank of the West Lewis Roca Rothgerber Christie LLP
  Shapiro Bieging Barber Otteson
Birthday Cake ($5,000-$9,999) Travelers
FHLBank Topeka  
ICBA Candle ($1,000-$2,499)
ICBA Services Network Financial Forms & Systems (FF&S)
  Garland Heart
Ice Cream ($3,750-$4,999) IBT Apps
Bank Financial Services Group (BFS Group) ICBA Securities
Deluxe Strategic Sourcing iHELP Private Student Loan
Eide Bailly INTRUST Bank, N.A.
SHAZAM Jack Henry & Associates, Inc.
  Jones & Keller, P.C.
Streamer ($2,500-$3,749) Moss Adams
Bell Bank OnCourse Learning
BKD CPAs & Advisors SBS Cybersecurity
Fortner Bayens Levkulich & Garrison, P.C. Stinson Leonard Street LLP