Bank Management Conference
November 16
8:30 am to 12 pm
November 17
9 am to 12 pm
VIRTUAL
Recording Available!
Price for recording is $200. Please contact Lori Richardson at lrichardson@msbankers.com if interested.
November 16
8:30 am – Welcome and Introductions – Gordon Fellows, MBA Chairman and CEO
8:45-9:15 am –Diversity, Equity, & Inclusion Framework(s): Getting Started– Naomi Mercer, American Bankers Association
Most organizations understand the business case for diversity, equity, & inclusion, but they don’t know where to start or what makes the most sense for their existing culture. From assessment to stakeholder buy-in to accountability, this session covers the essential components of a DEI framework to begin implementing DEI into your organizations and how to adapt for varied work cultures and implement inclusive practices.
9:15-9:45 am – DEI Panel Discussion – Contact Andy Anderson, CEO, Bank of Anguilla; Robert Leard, Market Executive for Metro Jackson Mississippi and Commercial Banking Leader for Mississippi, Regions Bank
9:45 - 10 am – Coffee and Conversation
10 – 11 am - 10 – 11 am - The Digital-Ready Bank Leader: Banking Beyond 2021, Jackson Hataway, Missouri Bankers Association
Almost as quickly COVID-19 entered the American vocabulary, shutdowns followed across the country. We pushed consumers and businesses to digital channels that, in many cases, banks were adding on-the-fly to keep our services running. That effort accelerated every digital trend that we were tracking at an unbelievable rate – and there is no closing pandora’s box. Banks that were lightyears behind the digital banking curve took massive steps during the pandemic while fintechs and non-bank competitors did the same. The question that bank leaders must now wrestle with is: how do we leverage the rush towards and investment in digital banking to drive value in a post-pandemic world? That question begs serious thought about everything from customer loyalty to staff competencies to operational and strategic scale. It will challenge all of us to think critically about the ways we position ourselves, our teams and our banks for success in the future.
11 – 12 noon – Executive Total Compensation - – Strategies to Motivate and Incent the Right Behaviors, Mike Blanchard, Blanchard Consulting Group
This session focuses on the primary elements of the executive total compensation package and how these elements can be utilized to motivate and incentivize members of the senior leadership team to effectively achieve the Bank’s strategic goals. We examine the current compensation environment and trends in the use of short-term and long-term incentive plans, as well as executive benefits and perquisites that are commonly found in community and regional banks, and other financial institutions. We also discuss the keys to effective and motivating cash incentive plans and will share what banks are using in respect to equity-based/longer-term incentives. We incorporate applicable regulatory guidelines and updates, and discuss how to avoid “excessive risk-taking” while still attracting, motivating, and incentivizing the Bank’s leaders. Market data from our BCG surveys and databases will be incorporated throughout.
November 17 – 9 – 12 noon
9 am – Welcome
9:10 am – Legislative Comments –Lt. Governor Delbert Hosemann
9:40 – 10:45 am – Regulatory Panel – Kristi Elmquist, Regional Director of the FDIC Dallas Region, Rhoshunda Kelly, Commissioner, Mississippi Department of Banking and Consumer Finance; Carl White, Federal Reserve Bank
10:45 – 11 am – Coffee and Conversation
11 am – 12 noon – - Managing High Levels of Cash/Deposits - Chad McKeithen, Duncan Williams
A decades worth of stimulus has flipped the script for banks. Personal savings rates have remained at double what they were prior to the first round of quantitative easing in 2009. The FOMCs injection of stimulus dollars directly correlated to core deposits remaining at historically high levels following those early rounds of QE. Now we have another round, with the FOMC injecting another $4 trillion of stimulus. This has added more pressure to rising core deposit growth and as a result has left banks with large sums of excess liquidity to manage. The paradox of high savings is that it typically drives down loan/borrower needs exactly when banks need loan growth. This session will cover methods to manage the high liquidity, how to start to look at revenue from a non-NIM perspective and how to generate revenue without taking on undue interest rate risk. Chad manages the Depository Strategies Group at Duncan-Williams Inc. which is a subsidiary of South State Bank ($50 billion in assets). In addition to working with bank clients he also works with South State Banks ALCO group on strategic direction.
Adjourn
Our Presenters:
Andy Anderson has over 38 years of banking experience, all with Bank of Anguilla. He is currently Chairman of the Mississippi Bankers Association (MBA) and has served on the MBA Board of Directors, Executive Committee, Educational Foundation Board, and the PAC Committee. His has served on and chaired the MBA Legislative and Compliance/Audit committees. He serves on the American Bankers Association’s (ABA) Community Bankers Council and has served on the ABA Government Relations Council and Professional Development Council. He currently is Chairman of the ABA Membership Council. He was recently elected to a three-year term on the American Bankers Association Board of Directors. He just began serving another term as Chairman of the Conference of State Bank Supervisors Banker’s Advisory Board. He is on the Board of Directors of the Community Development Bankers Association in Washington DC. He is a member of First Baptist Church RF, serving as a deacon. He has served as Youth Committee chairman, Budget Committee chairman, and been involved in numerous other church committees. He has a Bachelors and Masters of Business Administration degree from the University of Mississippi and is a graduate of the Graduate School of Banking at LSU.
Michael Blanchard is the CEO of Blanchard Consulting Group. He has extensive experience in the human resources field and has conducted or supported over 500 compensation planning, market research, and organizational development projects over the past twenty-five years, with over twenty years specific to the banking industry. Mike has presented to various national and state banking associations including the American Bankers Association, the Bank Director Annual Compensation Conference, and the Western Independent Bankers association on a variety of compensation and board governance topics. With a master’s degree in advanced industrial and organizational psychology, Mr. Blanchard’s experience includes advising clients on assessing total compensation, incentive planning, and performance appraisals.
Kristie Elmquist was appointed Regional Director of the FDIC’s Dallas Region in 2010. The Dallas Region spans 8 states, including Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee, and Texas. As Regional Director, Ms. Elmquist directs the supervision of more than 1,100 insured depository institutions. Kristie also serves as the Chairman of the FDIC’s Training Oversight Committee. In this role, she helps guide the training programs that support the risk management and consumer protection commissioning processes. Kristie has 32 years of FDIC service. Prior to her current appointment, she served as Deputy Regional Director (Risk Management) in the Dallas Region. Other management positions that Ms. Elmquist has held include Acting Associate Director, Assistant Regional Director, Field Supervisor, Supervisory Examiner, and Senior Bank Examiner. Ms. Elmquist holds bank examiner commissions in both Risk Management and Consumer Protection and has worked in three regions (Dallas, Kansas City, and New York) as well as the FDIC’s Washington Office. She graduated with honors from Iowa State University with a Bachelor’s degree in Business Administration – Finance. She also graduated with honors from the Stonier Graduate School of Banking.
Jackson Hataway is the senior vice president of marketing, communications and member services for MBA. He specializes in internal and external communication, organizational development and strategic planning. He has a unique ability to couple real-world practicality with new theories of corporate growth and change. Before joining MBA, Jackson spent 10 years as a senior consultant for a West Coast-based consulting firm facilitating strategic planning sessions and developing innovative strategic initiatives for financial institutions nationwide. His consulting work also led him to work regularly with senior executives at large technology corporations, including Microsoft, GoDaddy and Adobe. These engagements helped Jackson become a key resource for many banks struggling to address the wave of digital transformation and fintech startups disrupting the financial services industry.
Rhoshunda Kelly was appointed by Governor Tate Reeves as Commissioner March 22, 2021. Rhoshunda has nearly 20 years of experience as a bank regulator. She began her career as a bank examiner after graduating from Mississippi State University with a degree in Business and a concentration in Banking and Finance. She was a field examiner from 2001 to 2011. As a field examiner, she assessed the safety and soundness of Mississippi state-chartered banks. In 2012 she became a review examiner and was promoted to the Director of Bank Supervision in 2013. She was appointed Deputy Commissioner in 2014 and was responsible for supervisory oversight of the banking, mortgage, consumer finance, administration, legal and information technology divisions. In this capacity, she also ensured effective coordination between the state and federal regulators and fostered engagement with regulated industries. Rhoshunda is a graduate of the School of Banking at Louisiana State University where she is currently a faculty member. She is also an honor graduate of the American Bankers Association Graduate Trust School. Mrs. Kelly is a Certified Public Manager and a Certified Examinations Manager. She was named a 2019 Leader in Finance by Mississippi Business Journal. Mrs. Kelly is active in the Conference of State Bank Supervisors (CSBS), serving on the Board of Directors, as well as several other organizational committees, including immediate past chairman of the southeastern district of state bank regulators.
Robert Leard has been with Regions for 26 years and currently serves as Market Executive for Metro Jackson Mississippi and Commercial Banking Leader for Mississippi. He is responsible for leading the bank’s business and community activities, client service, portfolio management and business development. Prior to his current role, Leard held several positions including Commercial Banking Executive, Energy Banking Credit Executive, Regional Credit Executive, Business Banking Sales Executive, and Business Lending Manager for Regions. Before joining Regions, he served in various roles at Trustmark Bank in Jackson, MS, after completing the management training program in 1990. Leard earned his Bachelor of Science in Business Administration from the University of Southern Mississippi in Hattiesburg, MS.
Chad McKeithen is the Managing Director of Fixed Income & Bank Strategies at South State Bank / Duncan-Williams Inc. He has over 20 years of experience working with depositories and portfolio managers. Chad’s areas of expertise include: Economics, balance sheet management, portfolio management, interest rate risk management, and revenue strategies. He has built a large following based on his risk-adjusted approach to developing high-performing bond portfolios. Chad routinely trains executives and senior management on the economy, bond market, and portfolio / balance sheet strategies. He conducts ALCO meetings and he is a frequent speaker, author and educator for financial associations, banking schools and universities around the country. Chad received his undergraduate degree in Finance and Economics from the University of Mississippi.
Naomi Mercer is Senior Vice President, Diversity, Equity, & Inclusion for the American Bankers Association. She transitioned from a military career where she served as an Assistant Professor in the Department of English and Philosophy at the United States Military Academy and in the Pentagon running the Army’s gender integration and religious accommodation programs. Her educational background includes a doctorate in Literary Studies with a minor in Gender and Women’s Studies from the University of Wisconsin-Madison and an Executive Certificate in Strategic Diversity and Inclusion from Georgetown University’s Institute for Transformational Leadership. She is the author of the academic monograph, Toward Utopia (2015).
Carl White has 32 years of experience in the Supervision Division of the Federal Reserve Bank of St. Louis. He is currently senior vice president of the Supervision, Credit and Learning Division. He has served in various other roles within Safety and Soundness, beginning his career as an examiner. Mr. White has served as lead instructor and course developer on numerous Fed System training courses, including an international assignment in Brazil. In addition, he served as the central point of contact for the District’s largest state member bank before and during the financial crisis. He and his team were nominated for the District’s President’s Award for Innovation as a result of efforts to implement and enhance off-site loan review and examination processes. He holds a bachelor’s degree with a major in finance from St. Louis University.