Message From the President
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By John Witkowski, President & CEO
Outside may be cold, but things are heating up in the community banking industry. There are several significant updates that require close attention, both within the industry and IBANYS that I would like to share with you:
- Registration and brochures are now available for our Compliance and Directors' Conferences (Brochures for our additional meetings will be released at a later date). Assembled with timely topics and expert speakers, these conferences provide your bank/organization with valuable information, networking opportunities, as well as continuing professional education (CPE) credits. Whether you plan to attend one or several of our conferences, now is the time to review the program materials and share with your fellow co-workers. Register early to ensure your bank/organization is represented.
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On the
legislative and regulatory front,
there are new challenges on the horizon in both Albany and Washington:
- Governor Cuomo's state budget could change due to the state's financial shortfall. He also continues his effort to roll back the federal law that imposed a $10,000 cap on state and local taxes (SALT) deductions. The Governor met with President Trump and chief White House economic adviser Larry Kudlow on that issue yesterday.
- Congressional conferees, with considerable input from House Appropriations Committee Chair Nita Lowey (D-Westchester), reached agreement on a deal to avoid another government shutdown. It includes a compromise border security agreement. At press time, President Trump was expected to sign the legislation, but had not yet firmly committed to doing so. There is a midnight Friday deadline to keep the government running.
- IBANYS will continue reaching out to meet with the new leadership. We recently had a productive and positive sitdown with Senator James Sanders (D-Queens), the new Chairman of the State Senate Banks Committee. He indicated that he has a favorable view of community banks. We plan to meet with the new State Department of Financial Services Superintendent Linda Lacewell, and with new leadership and key members in both the State Senate and Assembly.
Today's newsletter covers a wide array of news on these and many other items of interest to our membership and industry. Please take time to read today's issue, and share it with your fellow co-workers.
If there is someone at your bank who is not currently receiving the e-newsletter, send us their names and email addresses and we will add them to our list! Email Linda Gregware or Natalie Rowan to add additional recipients or for more information. In addition, ensure everyone is following IBANYS on Facebook, Twitter, Instagram and LinkedIn to stay up-to-date with all IBANYS news.
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Follow IBANYS On Social Media!
Connect With Us Today!
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Get Ready For 2019 Annual Convention!
SAVE THE DATE
When:
June 10-12, 2019
Where:
5218 Patrick Rd, Verona, NY 13478
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Attend One of Our Educational Meetings!
Our 2019 Meeting dates and locations are now available! These educational conferences cover various subjects that are important within the community banking industry, spoken by the experts.
T
hey are also a great opportunity to network and earn CPE credits. Here is what we have planned for 2019:
March 12, 2019 March 13, 2019
1111 Jefferson Road 235 Hoosick Street
Rochester, NY 14623 Troy, NY 12180
April 16, 2019 April 17, 2019
5257 W.
Henrietta Road
2361 South Rd.
Henrietta, NY 14467 Poughkeepsie, NY 12601
May 7, 2019 May 8, 2019
5257 W. Henrietta Road 2361 South Rd.
Henrietta, NY 14467 Poughkeepsie, NY 12601
May 21-22, 2019
16 North Franklin Street
Watkins Glen, NY 14891
Banking Executive Symposium
September 9-11, 2019
200 Riverside Drive
Clayton, NY 13624
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April 2, 2019
145 Killbourn Road
Rochester, NY 14618
*This forum is limited to 15 participants
**This forum is for IBANYS member banks only
Have an idea for one of our meetings? Want to see a meeting or forum on a different subject? We want to hear from you!
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IBANYS Education/Webinars
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The 2019 Webinar is now available!
The Independent Bankers Association of NYS (IBANYS) partners with CBWN to bring you more than 150 webinars each year covering compliance, lending, regulations, security, operations, new accounts, collections, fraud, security and other topics. Even better, each time you purchase a webinar, you support IBANYS, because a portion of your registration comes directly to us. Thank you!
You can view the 2019 Webinar Schedule here or by category here. In addition, CBWN has made some recent updates to provide better service to its consumers. Unfortunately, some changes may have caused you to miss important webinar announcements. Please read the IBANYS letter to view the updates and ensure that you do not miss another webinar.
NEW WEBINARS ADDED FOR 2019
CBWN has added more than 140 webinars to the IBANYS webinar calendar, covering all the essential topics. Start the new year off right by gaining the knowledge and tools to make 2019 the best year yet!
CBWN and IBANYS thank you for your continued support of the education in the community banking industry.
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2019 Webinar Series - Available Now
6 Webinars
for the Price of 5
or
10% off a 4-Part Series
Choose From The Following:
4-Part Series 6-Part Series
6-Part Series 6-Part Series
4-Part Series 6-Part Series
4-Part Series 4-Part Series
4-Part Series 4-Part Series
4-Part Series
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Protecting Against Potentially Dangerous Decreasing Rates
When: February 26, 2019
Time: 2:00-3:00 P.M. EDT
Scott Hildenbrand, with the Financial Managers Society, will discuss the emerging theme of down risk and its impact on community banking. Tactical balance sheet repositioning, off-balance sheet hedging, and liability restructurings will be covered, among other actionable ideas.
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FREE WEBINAR: ICS & CDARS
What the New Law Means for Banks
Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits.
Join Us for a Webinar
Join Promontory Interfinancial Network-- the nation's leading provider and inventor of reciprocal deposit placement services-- for a free webinar that outlines key provisions of the new law and the impact ICS®, or Insured Cash Sweep®, and CDARS® can have on banks' balance sheets. The webinar will also cover how banks can use ICS and CDARS to capitalize on the opportunities at hand; presenters will discuss cost-effective ways to use the services to attract high-value relationships (even as deposit competition intensifies) and to lock-in more low-cost funding (even as interest rates continue to rise.) This webinar is a "must" for decision-makers at banks of all sizes, especially for community banks that utilize collateralized deposits and/or listing services.
Choose a date and time that works for you!
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Reg relief makes most reciprocal deposits nonbrokered, providing banks the opportunity to attract even more deposits. Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits.
Join Promontory Interfinancial Network - the nation's leading provider and inventor of reciprocal deposit placement services - for a free webinar that outlines key provisions of the new law and the impact ICS®, Insured Cash Sweep®, and CDARS® can have on banks' balance sheets. The webinar will also cover how banks can use ICS and CDARS to capitalize on the opportunities at hand; presenters will discuss cost-effective ways to use the services to attract high-value relationships (even as deposit competition intensifies) and to lock-in more low-cost funding (even as interest rates continue to rise). This webinar is a "must" for decision-makers at banks of all sizes, especially for community banks that utilize collateralized deposits and/or listing services.
Numerous new banks are joining the Promontory Network. In order to give these newly on-boarded banks an opportunity to begin transacting, we have decided to extend this incentive program through March 31, 2019.
Choose a date and time that works for you!
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State Legislature Now On Winter Recess Until February 26
State legislators left the state Capitol yesterday due to the inclement weather, and the Legislature is now out on recess for its annual winter break. When the Legislature returns return to Albany on February 26, budget negotiations are expected to heat up considerably.
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The Governor & The President Talk About Taxes
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President Trump (left) & Governor Cuomo (right)
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Governor Cuomo traveled to Washington, D.C. Tuesday to discuss taxes with President Trump and urged him to roll back the $10,000 cap on federal deductions for state and local taxes - which he said was "unfair and egregious." The Governor added, "It has created two different tax structures in this country and it has created a preferential tax structure in Republican states." State Budget Director Mujica said a million
New Yorkers are impacted by the SALT cap.
New York and three other high tax states have sued the Treasury Department, the Internal Revenue Service and the Trump administration, claiming the deduction cap infringes upon states' rights. Trump said last week he's "open to talking about" revising the so-called SALT cap, which limited the amount of state and local taxes that can be deducted on federal returns to $10,000. The Governor also plans to meet in the coming weeks with House Speaker Pelosi.
State legislators left the state Capitol yesterday due to the inclement weather, and the Legislature is now out on recess for its annual winter break. When the Legislature returns return to Albany February 26, budget negotiations are expected to heat up considerably.
New Siena Poll: Declining Support For
Cuomo, Schumer,
Gillibrand & NYS Legislature
 A new Siena Poll released this week found that
Governor Cuomo's favorability rating fell to 43-50 percent (down from 51-43 percent last month). His
job performance rating fell to 35-64 percent (down from 43-56 percent). "F
or the first time ever, half of New Yorkers view Andrew Cuomo unfavorably. It's his lowest favorability rating ever, and his lowest-ever job performance as governor," said Siena College pollster Steven Greenberg, who added "It is a dramatic drop in both ratings from last month." Cuomo's ratings fell among Democrats, Republicans and Independents. His decline was much bigger downstate - New York City and the suburbs - than upstate, where his ratings were already significantly lower. Greenberg said the 43 percent who view Cuomo favorably matches exactly the 43 percent who view the State Assembly and State Senate favorably.
- By a margin of 48-41 percent, voters said that Democrats controlling the Governorship and Legislature will move New York on the right track over the next two years.
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Senator Schumer's favorability rating dropped, to 47-46 percent
(down from 53-39 percent in January). Before Senator Schumer became U.S. Senate Minority Leader, he had a 67-23 percent favorability. Today, he has a breakeven favorability rating with all voters, and New York Republicans view him unfavorably 84-15 percent. Democrats still favor him, 63-31 percent, and independents were evenly divided.
There are 39 New State Legislators & 5 New Yorkers
In Congress - Have You Reached Out Yet?
 There are 39 new members of the State Legislature, the largest new class in years. IBANYS has provided lists of all the new State Senators, Assembly Members and Congressional Representatives. They need to be educated about New York community banks and the
vital role we play in our local and state economies.
IBANYS mailed our outreach program to all member banks and encouraged you to meet with your new members of the State Senate, State Assembly and New York Congressional Delegation. The program materials include:
- Talking points for your use in your meetings, emails and phone calls to introduce yourselves and to help inform them about New York's community banks.
Please let us know which state and federal lawmakers you have reached out to and update us on the results of those meetings by emailing both John Witkowski and Steve Rice.
Legislative & Regulatory Activity
- Linda Lacewell is on the job at DFS as Acting Superintendent of Financial Services. Her position will become permanent once she is confirmed by the New York State Senate. The Acting Superintendent has long been among the Governor's most trusted aides during his tenure as both Attorney General and Governor. IBANYS will be reaching out to meet with her in the near future.
- The Senate Banks Committee reported S.1864 (Gaughran)/A.4403 (McDonald), which would amend the real property tax law in relation to the redemption of real property subject to a delinquent tax lien. The bill would lower the redemption period for vacant and abandoned properties which are certified as such by the municipality from two years to one year. There has been no action in the Assembly as yet.
- A.1914 (Vanel)/S.1194 (Sanders) would amend a chapter of the laws of 2018 establishing the digital currency task force, in relation to increasing the number of members to allow for legislative appointees. It is on the Assembly Banks agenda this week.
- A.3214 (Cook)/(No companion bill in Senate as yet) would amend the Financial Services Law in relation to immunity from civil liability for certain information from not-for-profit organizations. It has been referred to the Assembly banks Committee.
New York Fed: Record Number Of Americans
Delinquent
On Auto Loans
 The Federal Reserve Bank of new York reported that a
record seven million Americans are at least 90 days behind on their auto loan payments, which exceeds the number recorded
during the wake of the financial crisis. Some economists see it as a red flag that so many are struggling to meet their bills in a time of a strong economy and low unemployment rate.
The New York Fed noted:
"The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market. . . A car loan is typically the first payment people make. . .When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans."
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Washington, D.C.
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Agenda In Washington: Cannabis-Related Businesses, Nominations
Financial services congressional committee hearings kicked off this week on several topics. The first meeting was in r
egards to
banking cannabis-related businesses where a
n ICBA community banker from the state of Washington testified at the House's subcommittee hearing. ICBA supports a safe harbor from federal sanctions for financial institutions that serve cannabis-related businesses in states where cannabis is legal.
ICBA - which does not advocate the legalization of cannabis - supports the policy to enhance public safety and address regulatory compliance concerns by opening the traditional banking system to cannabis-related businesses. The policy was introduced in the last Congress under the Secure and Fair Enforcement (SAFE) Banking Act.
Next, the
House Financial Services Committee
also had hearings this week on U.S. sanctions, homelessness, and affordable housing in rural America. The
Senate Banking Committee
is set to meet this Thursday for a hearing on Mark Calabria's nomination for director of the Federal Housing Finance Agency.
Fed's Bowman: Tailor Regulations To Smaller Banks With
Less-Complex Risk Profiles
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| Michelle "Miki" Bowman |
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Federal Reserve Governor
Michelle "Miki" Bowman said regulators have an obligation to tailor their regulations to the smaller size and less-complex risk profiles of community banks. She noted,
"If we keep our focus on appropriately tailoring regulatory requirements for community banks so they may continue to prudently thrive, then community bankers should be able to devote more resources and time to serving their customers and communities."
Governor
Bowman, the first person to fill the Fed's ICBA and IBANYS advocated community banking seat, plans to travel widely and listen to community bankers and other stakeholders. "I will take back the knowledge I gain from these discussions and use it to improve our work," she said. Bowman's bipartisan confirmation was for a partial term that expires Jan. 31, 2020, and ICBA has urged the President to
renominate her for a full Fed term.
Latest On CFPB Payday Lending Proposal
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Kathy Kraninger (left) & Joseph Otting (right)
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The Consumer Financial Protection Bureau has
proposed
eliminating the Obama-era regulation that requires payday lenders to ensure borrowers have enough money to pay back high-interest loans before offering them funding. The CFPB said overturning the requirement, (scheduled to go into effect in August) would "increase consumer access to credit". Consumer activists argued that the proposal would let the industry take advantage of low-income clientele, and both House Financial Services Chair Waters (D-CA) and Senate Banking Committee member Elizabeth Warren (D-MA) urged Director Kathy Kraninger to rescind the proposal.
Comptroller of the Currency Joseph Otting supports the CFPB's proposal to rescind certain provisions of its rule on payday, vehicle title and certain high-cost installment loans. Otting said the proposal would allow responsible lenders to compete in the small-dollar market.
13 New York Counties On CFPB's Rural, Underserved Counties Lists
The Consumer Financial Protection Bureau (CFPB) published the
2019 list of rural and underserved counties (and a separate 2019 list that includes only rural counties) and updated the rural and underserved areas website tool for 2019.
A creditor that makes a first-lien mortgage loan secured by a property located in a rural or underserved area during 2019 meets the requirements to be a creditor that operates in rural or underserved areas during 2020, as well as for loan applications received before April 1, 2021.
In New York State, 13 counties are on both the "rural and underserved" and "rural only" lists: Allegany, Chenango, Clinton, Delaware, Essex, Franklin, Greene, Hamilton, Lewis, Otsego, Sullivan, Wyoming.
National Debt Has Surpassed $22 Trillion
The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American. The Treasury Department reported the debt hit $22.012 trillion, a jump of more than $30 billion in just this month.
Join IBANYS In Washington, D.C. At
2019 ICBA Capital Summit
The 2019 ICBA Capital Summit will be held April 28 - May 1 in Washington. Community bankers from around the nation will travel to Washington to meet with their Members of Congress in their offices "on the hill" and hear federal financial regulators to discuss key issues. We'll hear firsthand from financial and policy leaders, and influence the policy-making process. New York community bankers: Mark your calendars and hold the dates. U.S. Senate Banking Committee Chairman Mike Crapo, a champion of the S.2155 regulatory relief bill that provided the most comprehensive relief for community banks since Dodd-Frank's enactment in 2010, will be a featured speaker at the Capital Summit.
IBANYS will be scheduling meetings with members of the New York congressional delegation. With a Democratic House of Representatives, a new agenda in the House Financial Services Committee,
five new Representatives from New York and
six New Yorkers on the House Financial Services Committee, it is more important than ever to
bring our New York community bankers' voices, priorities and stories to the forefront. Email
John Witkowski or
Steve Rice
to confirm your participation and indicate which Representatives with whom you would like us to arrange meetings with.
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Industry Trends & Updates
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Webinar: Positioning the Portfolio for Performance
When: February 19, 2019
Time: 10:00 AM CST
On February 19 (next Tuesday), ICBA Securities and its exclusively-endorsed broker, Vining Sparks, will be presenting a webinar on "Positioning the Investment Portfolio for Performance". The first in the 2019 webinar series, it will last approximately 1 hour and will discuss general portfolio management and how best to position the bond portfolio for the future.
The webinar will begin with a brief economic update, followed by discussing the portfolio not just in the context of the current economic environment, but in the context of the bank's overall balance sheet. As market rates remain near the highs of the expansion, bank portfolio managers have an opportunity to invest at attractive levels while positioning the portfolio to best suit the needs of the bank as a whole.
Intended to benefit CEOs, CFOs, investment managers, bank directors, and anyone responsible for investment portfolio management, the webinar will cover strategies to create improved results from both earnings and risk management standpoints for our audience to be well-positioned for the future. The speaker will be Daniel Anderson, Senior Vice President in the Investment Strategies Group at Vining Sparks, IBG.
What you will learn:
- The bond portfolio's fit in a community bank balance sheet
- Managing liquidity and interest rate risk
- Characteristics of high performing investment portfolios
- Interest rate risk profiles for community banks and portfolio needs
- Investment strategies based on the current yield curve
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Vining Sparks & ICBA Securities Balance Sheet Academy
Registration is now open for Vining Sparks and ICBA Securities' Balance Sheet Academy seminar in Memphis, Tennessee from Monday, April 29 to Tuesday, April 30 2019. This
advanced seminar is designed to expose seasoned community bank portfolio and balance sheet managers to advanced products and concepts. The objective is to enable the attendees to consistently outperform their peers. The dynamics of a community bank balance sheet require an investment professional to be versed in a wide range of topics.
Balance Sheet Academy
provides discussion and practical classroom exercises to equip the attendees for these demands. Examples of these topics include:
- Advanced interest rate risk management strategies;
- Low cost funding strategies; and
- Strategies for serving bank customers while managing interest rate risk.
Attendees will learn how the changing economic data impacts market interest rates from Vining Sparks' Chief Economist. The Balance Sheet Academy is structured for more experienced investment managers, particularly those who have attended Bond Academy.
It incorporates balance sheet strategies into the day-to-day management of an institution's investment portfolio, wholesale funding and interest rate risk management. Bank personnel with an intermediate level of understanding of investments who are integral to the investment and balance sheet management process will benefit the most from this advanced course. New directors serving on the investment or asset-liability committee will also find this course beneficial.
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Private Flood Insurance Rule Finalized
 Federal regulators formally released a final rule requiring lenders to accept private flood insurance policies in addition to National Flood Insurance Program policies, as required by the Biggert-Waters Act of 2012. The final rule, which takes effect July 1, 2019,
allows institutions to conclude that a private policy meets the definition if an endorsement to the policy says it meets the definition - a position advocated by ICBA.
Among its other provisions, the rule also clarifies that policies issued by "nonadmitted" or surplus-lines carriers are acceptable for both commercial and residential properties. If you have questions please contact ICBA's Amy Roberti at amy.roberti@icba.org.
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ICBA To FDIC: These Changes Would Encourage
De Novo Community Banks
- phasing in capital requirements over a three-year period, particularly in areas with limited access to capital,
- shortening the application process to 120 days and advising applicants of all regulatory obstacles,
- streamlining the business plan section of the application,
- allowing more regulatory flexibility for deviations in the business plan,
- creating a "sandbox" approach for applicants in rural areas that phases in regulatory requirements, and
- fundamentally shifting the FDIC's overly conservative attitude towards the application process.
ICBA noted that its recommendations apply only to de novo community bank applicants, not industrial loan corporation applicants, and also reiterated its position that the ILC loophole should be closed.
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Phishing Campaign Targeted AML Contacts At Banks
A recent "phishing" campaign targeted anti-money-laundering (AML) contacts at banks and credit unions, according to security blogger Brian Krebs. The "KrebsOnSecurity" post covers the Jan. 30 series of emails that contained malware, addressed contacts by name, and were disguised to look like they came from BSA-AML officers at other financial institutions. The contact information used by fraudsters indicate a possible breach of BSA contact data.
Read the full post.
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Consumer Credit Increased
The Federal Reserve reported that consumer credit increased by 4.9 percent in 2018, after a 6.6 percent gain in the fourth quarter of the year. Revolving credit, which includes credit card spending, rose 2.8 percent last year. Non-revolving credit, such as auto and student loans, increased 5.6 percent.
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Freddie Mac: "Aging In Place" Seniors An Obstacle
To Millennial Homeownership
 According to
Freddie Mac, the fact that more seniors are "aging in place" and not selling the family home means an estimated 1.6 million fewer properties are now available in a housing market already experiencing shortage. T
hat's about the same number of new single-family and multifamily housing units built each year.
The trend is conflicting with the rising demand for housing from millennials; fewer homes for sale will put more upward pressure on prices. Freddie Mac Chief Economist Sam Khater believes continued home-ownership from these seniors "will increase the relative price of owning versus renting, making renting more attractive to younger generations." He estimates the current market needs about 2.5 million more homes to meet demand.
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Fed Chairman Powell On Strong National Economy, Need For Tailored
Regulations
& Importance Of CRA
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Federal Reserve Chairman Powell
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In remarks delivered Tuesday,
Federal Reserve Chairman Jerome Powell said the Fed
is looking at tailoring regulations to make sure local banks aren't constrained in providing finance to those who need it, both personally and on an entrepreneurial level.
"Regulation and supervision need to be carefully tailored to suit the size and business model of different types of institutions. At the Fed, we have renewed our efforts to avoid unnecessary regulatory burden on community banks, which provide essential credit in their local communities."
He also noted
the U.S. economy looks strong, that
the Fed is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need.
"Data at the national level show a strong economy. Unemployment is near a half-century low, and economic output is growing at a solid pace. But we know that prosperity has not been felt as much in some areas, including many rural places." Chairman Powell pledged that the Fed is committed to programs like the Community Reinvestment Act aimed at getting development funds to areas in need, and cited the need for equal education opportunities and workforce training.
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February Edition Of Cyber Security Tips
Newsletter Now Available
The NYS Office of Information Technology Services Chief Information Security Office (NYS ITS CISO) has announced that this month's Cyber Security Tips Newsletter is now available. The monthly newsletter, developed by the Multi-State Information Sharing and Analysis Center (MS-ISAC), is located on the ITS CISO website.
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Further Your Education at Barret Graduate School of Banking
Barret and IBANYS are aligned with a common interest: to represent the interests of the industry through effective advocacy and high quality educational offerings.
Located in Memphis, TN, Barret Graduate School of Banking offers a comprehensive graduate learning program for professionals in the financial services field. IBANYS has established partnerships with key industry educators including the Barret Graduate School of Banking. The school provides community bankers with an opportunity for a graduate degree in banking.
We are currently endorsed by ICBA, ICBA Securities, Arkansas Community Bankers, CBAofGA, Indiana Bankers Association, CBAofKS, MIBA, CBAofOH, CBAofWV - with a couple more on the way.
To learn more about Barret Graduate School of Banking, please visit
www.barret.ws.
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Keep The Door Open For Your Small Business Customers
Excelsior Growth Fund (EGF) is NYBDC's nonprofit Community Development Financial Institution and IBANYS' exclusive online lending partner. Join the growing number of banks that work with EGF to offer their customers an affordable and responsible option when they do not qualify for traditional financing. EGF offers loans up to $500,000 with a convenient, digital process. Loans under $100,000 are disbursed within 5 business days.
EGF's experienced team can work hand-in-hand with yours to develop a customized process to make referring seamless. To learn more about offering your customers a second look through EGF contact Bryan Doxford, SVP, at bryan.doxford@excelsiorgrowthfund.org at at (212) 430-4512.
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Spotlight Bank of the Week
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 Alden State Bank was founded in 1916 and serves Alden, NY and surrounding communities. Alden State Bank is  committed to providing innovative, state-of-the-art banking products and services with a focus on customer service. Some of their many services offered include personal and commercial deposit & loan products, debit cards, and online/mobile banking.
 Alden State Bank has a strong community presence and is involved in numerous programs and activities. This year, Alden State Bank will again sponsor for 2018 a TQ Midget car that races at short-tracks and it will make several promotional appearances across Western New York. The bank is a primary sponsor of several prominent community events as well, such as Alden Winterfest and the 5K "Dollars for  Scholars" Race. Alden State Bank also supports many non-profit fundraisers in Alden and neighboring communities. During the summer months, the bank holds annual customer appreciation hot dog roasts at both of their locations, which are always well-received by the community. Other recent promotional events include a "money booth", sponsored by their Kasasa rewards checking products, and appearances at the local farmers market.
To read more information about Alden State Bank or to learn more about their products and services, please visit www.aldenstate.com.
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About Spotlight Bank of the Week
 Spotlight Bank of the Week is a new feature that we have added to our website and e-newsletter. It is an opportunity to promote anything about your organization, such as fun facts, organization news, special events, etc. The Spotlight Bank of the Week will be featured on our homepage slider, e-newsletter, and our social media platforms for one week. So don't miss out on this exceptional opportunity to showcase your bank to thousands of people!
View banks that have been featured as our Spotlight in the past!
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IBANYS Spotlight Is On...
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CloudBnq.com turns Community lenders into Digital lenders. CloudBnq.com is a loan origination solution that enables all lending product types with no upfront capital or IT investment, does not change the lending policies in place today & reduces the cost/time across all loan origination. They grow Community Lenders into Online Lenders.
They do all the heaving lifting including:
- Highlights: Offering No Upfront Capital Investment, Reducing Time And Cost, Enable 24/7 Digital Lending.
For details, contact Andy Papadopoulos, CEO at:
Phone: 1 (800) 297-8876
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IBANYS identifies offers products and services that provide value to your banks, companies, employees communities. These brief summaries provide links for information. Please contact IBANYS President John Witkowski with questions.
Health & Wellness
My Wellness Resource & TELADOC 
The health and wellness landscape continues to evolve. "My Wellness Resource" can be a nice addition to your existing benefit package.
Teladoc can save your banks time and money, and provide real value to your employees as this testimonial from a New York community bank CEO proves:
HERE'S WHAT YOUR FELLOW NEW YORK
COMMUNITY BANKER SAYS. . .
"I wanted to let you know that some of our employees and I have been using "Teladoc" and it is one of the best things we have done for the bank. We all love it: We are saving time, avoiding waiting in an urgent care center or a doctor's waiting room for non-emergency related illnesses
. . .and it is easy to use and convenient. Once you use it, you are hooked! This was a great find! Would recommend it to all banks."
Mario Martinez
Chairman & CEO
Catskill Hudson Bank
Contact Alan Justin: (716) 907-5500.
"Cure the Blue" Helps Banking Industry Battle Prostate Cancer!
The "Cure the Blue" program sponsored by the Buffalo Bills Alumni Foundation allows New Yorkers to participate in one of the most comprehensive efforts to help promote prostate cancer awareness and research in the United States.
Lake Shore Savings Bank has provided prostate cancer literature and Cure the Blue information at all eleven of its  branches and their headquarters in Dunkirk. The bank also offered Cure the Blue ceramic lapel ribbon pins for a $5.00 donations to Cure the Blue to all their customers. "We fully understand the severity of this disease and the devastating effect it can have on families" said Lake Shore Savings Bank President and CEO Dan Reininga. "Our support of the Buffalo Bills Alumni Foundation's "Cure the Blue" initiative is something that we are taking very seriously and are proud to support." Buffalo Bills Wall of Famer and Alumni Foundation President Booker Edgerson, a two time prostate cancer survivor, said the bank has been a tremendous longtime supporter, noting: "They have really stepped up to the plate with their unwavering support of our Cure the Blue initiative."
IBANYS urges all of our member banks, associate members and allies to join the effort. Cure the Blue" raises funds and awareness regarding prostate cancer in New York State. Visit
curetheblue.com
to get involved! Of all new cancer cases in the nation, prostate cancer represents 9.6%. In 2017, there were an estimated 161,000 new cases, and more than 26,000 fatalities due to the disease. Support IBANYS' "Cure the Blue" campaign to help New Yorkers participate to promote prostate cancer awareness and research.
Secure, Enhanced Internet Presence
The .bank program by fTLD operates trusted, verified, more secure, easily-identifiable internet locations for financial companies and
customers. www.icba.org
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. . .That
the first Superintendent of Banks in New York State was Daniel St. John, who served from 1951-54. He was appointed by Governor Washington Hunt. St. John also served as
a member of the
New York State Assembly,
New York State Senate and Congress.
...In 2011, the Banking Department merged with the Insurance Department to form the Department of Financial Services (DFS). The first Superintendent of the new entity was Benjamin Lawsky, appointed by Governor Andrew Cuomo.
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New York community banks play a key role in our state and local economies. Help spread the good news among our customers, business, elected leaders and the media!
John J. Witkowski
President & Chief Executive Officer
Stephen W. Rice
Director of Government Relations & Communications
Linda Gregware
Director of Administration & Membership Services
William Y. Crowell III
Legislative Counsel
Natalie Rowan
Marketing & Social Media Assistant
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