The Nebraska Department of Banking and Finance (NDBF) recently concluded the first required annual examination of the Single Bank Pooled Collateral (SBPC) Program. The Program allows participating banks to aggregate their total public deposits and to pledge collateral against its entire portfolio of public deposits rather than pledging per entity. Pledging to the aggregate public depositors balance improves efficiencies and maintains protections for public deposits. The SBPC Program is overseen by the NDBF and is administered by the Nebraska Bankers Insurance Service Company (NBISCO), a division of the NBA. Nineteen banks have joined the Program, and public deposits of 219 entities are part of the pool and secure over $1 billion for Nebraska public depositors.
To learn more about the SBPC, visit the program website or contact NBISCO Program Administrator Misty Stoner, at NEPooledCollateral@nebankers.org or 402-904-7060.
The Nebraska Bankers Association and other state bankers associations sent a letter to the House of Representatives in support of a bill, H.R. 6145, that would set the Community Bank Leverage Ratio between 8.0% and 8.5% between Jan. 1, 2022, and Dec. 31, 2024. Bank efforts to respond to the pandemic have led to significant balance sheet increases. H.R. 6145 would provide necessary relief from higher capital demands.
Applications are now being accepted for the 14th class of the NBA Leadership Program.
Created in 1996, the Leadership Program enhances the leadership, organizational, and performance skills of highly motivated mid- to upper-level bankers. The two-year program provides a practical, timely look at the real world of banking and politics. In addition to developing a solid understanding of the industry and association, class members attain essential skills to provide immediate, effective leadership within their banking organizations. Furthermore, the bonds these bankers create with their class members through the program result in a stronger, more unified industry and a better Nebraska.
Interested candidates should submit the completed application, along with a letter of recommendation to the NBA by Dec. 31, 2021.
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