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Thursday, October 15, 2020

Economic Armageddon Webinar

Start Date: 10/15/2020 10:00 AM MDT
End Date: 10/15/2020 1:00 PM MDT


Event Website: https://ccbncaassoc.wliinc22.com/events/Economic-Armageddon-What-is-a-Community-Bank-to-do-8062065/register

Organization Name: Independent Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (720) 854-9105

Economic Armageddon Webinar
Thursday, October 15, 10:00 a.m. -1:00 p.m.
Virtual Via Zoom


Independent Bankers of Colorado is excited to partner with the California Community Banking Network (CCBN) to present this program.
 
Overview
Currently, liquidity is building in banks and loan demand continues to be soft. The need to boost ALLL is at the top of regulatory focus.  Government relief has provided a shot in the arm to the industry in the form of PPP, but delinquencies and defaults continue to grow. Fed intervention has taken Fed Funds projections in 2021 and 2022 to negative numbers, and quantitative easing measures have investment rates for many long-term bonds at close to 0%. Racial tensions threaten to disrupt our largest cities and the COVID numbers climb to a number that causes mass shutdowns across the country. The supply chain worldwide is broken and there is not a fix in the foreseeable future. During this session you will learn the strategies to help your community bank deal with such uncertainty.
 
Agenda
10:00 – 11:30 a.m.
 
Practical Ways to Limit Options Risk in the Loan and Investment Portfolio
Ideas to Increase ALLL and Decrease Excess Liquidity
11:30 – 11:40 a.m. Break
11:40 a.m. – 1:00 p.m. How to Manage Asset Liability in a Negative Rate Environment
A Review of Policies That Need to Be Updated Given the New Rate Environment
1:00 p.m. Final Q&A
 
AUDIENCE
CFOs, CEOs, CPAs, ALCO Bank Directors, Controllers, Investment Officers, Treasurers, and Senior Bank Management.
 
REGISTRATION PRICING
 
IBC Members (use promo code CCBN-CBW2020 at checkout) $195
IBC Non-Members $295
 
Pricing is per person per connection.
 
The program will be conducted live via Zoom. Registration and log-on information will be provided prior to the start. Registration deadline is one week prior to the offering. For any questions or information on group pricing (3 or more) contact Maelynn Lewis at 720.854.9105 or mlewis@ibcbanks.org.
 
CCBN is handling registrations for the program. To register click here or copy and paste link into your browser: https://ccbncaassoc.wliinc22.com/events/Economic-Armageddon-What-is-a-Community-Bank-to-do-8062065/register.
 
Cancellation Policy: Written cancellation (email acceptable) must be received on or before Wednesday, September 16, 2020, for a full refund. Cancellations received between Thursday, September 17 and Wednesday, September 30 will be subject to a $97.50 cancellation fee. NO refunds will be granted after Thursday, October 1, 2020; however, a substitute may attend. The IBC reserves the right to cancel any program for which there is insufficient funds to cover the expense of the program. In the event of cancellation by IBC you will be notified by either phone or email.
 
YOUR ZOOM VIRTUAL MEETING
We will be using the Zoom video conferencing platform which allows you to see, hear and engage with the presenter and your colleagues in a virtual learning environment! You do not need your own Zoom account, though it’s a good way to get comfortable with Zoom and it’s free, click: FREE ZOOM.
 
Speakers
Steve ScaramastroSVP, Vining Sparks Portfolio Management Group (PMG) – As a veteran of both the equity and fixed income markets Steven brings a tremendous depth and breadth of experience to the community banks with which he works.  He maintains his involvement with the Economics Club of Memphis, and authors the PMG’s widely followed economic commentary and market research letter. Steve is widely known for Humor and Economics.  His witty analogies have been used to explain complex subjects in simple Marine Jargon.
 
George Hancock, CPA, CFA, SVP, Vining Sparks – George has been involved in financial analysis and investment consulting for financial institutions since 1982.  In 1987, George began his career with Union Planters Bank (and later Vining Sparks via a merger in September 1990) in the Portfolio Strategies division where he helped institutions determine the impact of the market, tax, regulatory and accounting changes on the asset/liability management of the institution.  Over the course of his career, George has worked in the Strategies, Sales and Trading divisions of Vining Sparks.
 
Sandy Berlin, CPA, SVP, Vining Sparks – Sandy has been involved in the fixed income investments and strategies business for over thirty years. In 1995, Sandy joined Vining Sparks IBG Portfolio Strategies Department, consulting with financial institutions on investment strategies and the impact on the asset/liability management of institutions.  He has conducted asset/liability management seminars at regional and national banking conference and taught asset/liability simulation classes for ICBA Securities Corp. at the Vanderbilt School of Banking. 
 
Will TaylorDirector, Vining Sparks Portfolio Management Group (PMG) – Will has been involved in Asset Liability Management and Portfolio Management since 1985. He is a principal and owner of Vining Sparks IBG, a Broker Dealer located in Memphis, Tennessee. His extensive knowledge of balance sheet management techniques coupled with his investment banking experience make his perspective unique to financial Institutions. Will began his career as a lender for the 10th largest bank broker dealer in the world, subsequently moving to trading and taking over the bank’s New York operation. While with the bank he oversaw the development of the first mortgage derivatives and collateralized mortgage obligation Issues. In 1990, Will joined Vining Sparks as the result of a merger and was mentored by the firm’s founder, Jim Vining.