The Mississippi Hemp Cultivation Act – Two Part Virtual Series
Part 1: August 25
10 am
Mississippi Hemp Cultivation Act – What Does This Mean for Mississippi’s Banks?
Part 2: September 15
10 am
September 15 – Bank Regulatory Aspects of the Mississippi Hemp Cultivation Act
Part 1: Mississippi Hemp Cultivation Act – What Does This Mean for Mississippi’s Banks?
The Mississippi Hemp Cultivation Act (Senate Bill 2725) was signed into law on June 29, 2020. Through this act, the cultivation of hemp was legalized in the state of Mississippi. The USDA is currently accepting applications for hemp grower licenses from August 1 – October 31, 2020. This session will consider how this program will affect banking from a state and federal viewpoint.
Part 2: Bank Regulatory Aspects of the Mississippi Hemp Cultivation Act
This session will evaluate the regulatory issues and challenges for Mississippi’s banks in light of the recently passed Mississippi Hemp Cultivation Act (Senate Bill 2725). State and federal regulators have been invited for comments at this session. Two representatives from the Mississippi Department of Banking and Consumer Finance will present along with Ed Elfmann.
Who Should Attend? agriculture lenders, lenders, compliance officers
Speakers:
Ed Elfmann is Senior Vice President of Agricultural and Rural Banking Policy for the American Bankers Association. He has been with ABA since June 2012, and is ABA’s head of policy on agricultural and rural credit and lending issues. In addition to agricultural policy, Elfmann works on swaps and derivatives policy, financial services, and appropriations for ABA. He also serves on the National Hemp Industrial Council.
He currently serves on the Chicago Mercantile Exchange’s Agricultural Markets Advisory Committee and the Commodity Futures Trading Commission’s Agricultural Advisory Committee. Elfmann earned his master’s degree from the George Washington University Graduate School of Political Management. He earned his B.A. from Hamline University in St. Paul, Minn. (Mr. Elfmann will join both Part 1 and Part 2 of this series)
Tom Walker of Jones Walker Law Firm in Jackson, focuses on commercial and regulatory matters in the financial services industry and has a depth of experience representing financial institutions. Prior to joining the firm, he served as Executive Vice President and Director of a $200 million community bank in Forest, Mississippi. His experience as General Counsel, Chief Operating Officer, Chief Financial Officer, and Chief Investments Officer in the financial services sector enhances his ability to provide legal services to clients.
Mr. Walker previously served as Chairman of the Attorneys Committee of the Mississippi Bankers Association and currently serves as a member of that committee. He has also served as a member of the Long Range Planning Committee and Banking Committee for the Mississippi Society of CPAs. Mr. Walker has been an active Certified Public Accountant in Mississippi since 2001, and currently serves on the Board of Governors for the Mississippi Society of CPAs. He earned his juris doctor from the University of Mississippi School of Law. (Mr. Walker will present during Part 1 of the series)
Steve Lawrence is a BSA/AML Specialist Examiner with the Mississippi Department of Banking and Consumer Finance (DBCF). Mr. Lawrence has worked for the DBCF for over six years, and he routinely conducts BSA/AML state independent and joint examinations with federal regulators. He represents the DBCF as a member of the Conference of State Bank Supervisors’ (CSBS) BSA working group.
Prior to his employment with the DBCF, Mr. Lawrence spent over twenty years working in the commercial banking industry. This included serving as Senior Vice President/Director of Compliance, and Compliance Officer, focusing on laws and regulations related to compliance and BSA/AML matters. He holds a Bachelor’s degree in Finance from The University of Mississippi and has received various banking and regulator training.
Barbara Donald is a Bank Examiner IV for the Mississippi Department of Banking and Consumer Finance specializing in BSA examinations. She has been with MS DBCF since December 2012. She is also a member of the Conference of State Bank Supervisors BSA Advisory Group. She earned her bachelor’s degree in Accounting from Messiah College in Grantham, Pennsylvania.
To register, copy and paste the below registration form into an email and send to Lori Richardson at lrichardson@msbankers.com. Questions? Contact Lori Richardson at (601) 709-3736 or email lrichardson@msbankers.com.
The Mississippi Hemp Cultivation Act – Two Part Virtual Series
Part 1: August 25 – 10 am
Part 2: September 15 – 10 am
Registration Form
PLEASE DUPLICATE FORM
BANK/COMPANY NAME:___________________________________________
REGISTRANT NAME:______________________________________________
CELL NUMBER:__________________________________________________
EMAIL ADDRESS:_________________________________________________
Registration Fees
Individual Sessions:
$65 Member Banks * $130 for Non-Member Banks
_____ August 25 _____ September 15
Both Sessions (August 25 and September 15)
_____ $120 Member Banks _____ $260 for Non-Member Banks
Virtual conferences allow for BANKS to register by location (device) instead of by individual banker.
Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.
Due to COVID-19, the MBA requests all payments be made by credit card.
TO REGISTER: Scan & Email to lrichardson@msbankers.com
QUESTIONS: Contact Lori Richardson (601) 709-3736 or email the address above.
Credit Card Information
Name on Bank Card________________________________________________
Credit Card Number________________________________________________
Expiration Date___________________________CVV_____________________
Billing Zip Code____________________________________