MBA Online News
Welcome to MBA Online News – our blog featuring timely articles and information benefitting Minnesota bankers. In addition to articles from MBA Associate Members*, we will feature occasional updates and articles from MBA staff and member bankers. We hope you find this to be a valuable resource.

*The MBA regularly publishes a variety of by-lined columns authored by individuals whom we consider to be knowledgeable in their respective fields and who have a valuable message to share with Minnesota’s banking community. Opinions in these columns, however, are those of the authors and do not necessarily represent the opinions of the Board of Directors, members, or staff of the Minnesota Bankers Association. 

October 17, 2019

 

Complaints: Windows and Doors...


When it comes to complaints, they can be anything from specific allegations to general comments. For exam scoping and ongoing monitoring, examiners will generally focus on complaints dealing with your products and/or services or areas that have the most risk.

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October 8, 2019


Financial Employers Conducting Employee Background Checks Must be Mindful of Trends in State and Federal Law


More and more employers are stepping up their hiring practices by conducting background checks on their employees prior to the start of their employment.

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September 26, 2019


Aligning Performance Management and Compensation Systems


As human resource consultants, we see more frustration among our clients over performance management and compensation decisions than just about any other HR issues. Linking them together requires foresight, planning, and a strong sense of what you want to accomplish.

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September 19, 2019


Sweeping New Employment Compliance Requirements in Effect Now for Minnesota Employers


In May 2019, Minnesota passed legislation that significantly impacts employers’ obligations with respect to recordkeeping, employee notices, earnings statements, wage and commission payments, and other employee protections.

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September 12, 2019


Minnesota Bankers Community Building Spotlight:
Harvest Bank Helps Launch Kimball’s New Library


In the 19th century, barn raisings brought together whole communities throughout the Midwest to help neighbors accomplish something they couldn’t achieve on their own. The tradition of barn raising may have faded, but the spirit is alive and well in the city of Kimball, Minnesota.

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September 4, 2019

HR Insights with Amy Bauer, VP, Human Resources Manager
Coulee Bank, St. Paul

Interview by Eric Hauth, MBA Director of Education & Communications
 
EH: How did you get your start in banking?

AB: Purely by accident!

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August 21, 2019

Shattered Myths of Banking

Banking has more customer data than just about any other industry. We know financial and personal information and how customers spend money. With data, we can understand behavior patterns for millions of people.

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August 8, 2019

SEP Plans: Another Connection to Small Employers

Community banks have a strong success rate when it comes to helping local employers build strong foundations for their businesses. Banks provide small business loans to allow owners to expand and grow.

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July 31, 2019

Protecting Your Institution From Check Fraud: Three Emerging New Trends

When was the last time you wrote a check? We’ll wait…

While you may not
have written a check in a while, businesses still rely on checks as one of their top forms of payment and are a lucrative source for check fraud.

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July 25, 2019

LIBOR to SOFR: What Community Banks Should Know to Make a Successful Transition

The London Interbank Offered Rate (LIBOR) has been used for over three decades as the global standard benchmark for pricing all types of financial transactions, from small business loans to globally syndicated derivative structures. Now, that will soon be changing and financial institutions will need to adjust their loans to a new benchmark, the Secured Overnight Financing Rate (SOFR).

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July 18, 2019

The Call to Serve

As I prepare for my year of service to you as the MBA Chair, I want to first thank my predecessor, Mark Miedtke, for his service. With his leadership, the Minnesota Bankers Association has positively impacted bank regulations and legislation, while improving the reputation and image of bankers across this state.


July 10, 2019

2019 Minnesota Bankers Association Annual Report

Another fiscal year has passed here at the MBA. Each of the MBA’s core functions, education programming, legal and compliance support, group insurance products, communications services, human resources support and government relations advocacy, have performed extremely well.

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June 20, 2019

Managing the Shifting Balance of Deposit Composition

“Life can only be understood backwards; but it must be lived forwards.”

This quote by Søren Kierkegaard perfectly characterizes the role of managing a bank’s balance sheet as it reacts to market changes.

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 June 10, 2019

ABA Voices Support for Cannabis Banking Legislation

In a letter to Senate members, ABA offered support for S. 1200, the Secure and Fair Enforcement Banking Act – a bipartisan Senate bill introduced by Sens. Jeff Merkley (D-Ore.) and Cory Gardner (R-Colo.) that would enable financial services for legitimate cannabis-related businesses.

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