The Lender Network provides a collaborative platform for lending professionals at Minnesota community banks to stay up-to-date on lending issues. Network meetings offer facilitated discussions on lending strategies, risk management, regulatory compliance, and emerging trends, fostering a community dedicated to excellence in lending.
Network meeting topics are decided by members to ensure each event provides the highest value and covers the unique challenges and opportunities of our member banks. This network is open exclusively to the employees of BankIn Minnesota member banks. It is an opportunity for our bank members' professionals to share ideas and best practices.
Pricing: Complimentary for Bank Members only
Agenda:
10:00 am - 11:00 am: Keeping Impending Credit Risks Contained—Especially CRE
11:00 am - 12:00 pm: From Bankruptcy to Successor Planning for Customers
12:00 pm - 12:45 pm: Free Lunch!
12:45 pm - 2:00 pm: Banker to Banker Discussions
Presentation: Keeping Impending Credit Risks Contained—Especially CRE
Speaker: David Ruffin, QwickRate
After almost a decade of benign credit risk performance, which our industry has enjoyed and managed well, the credit landscape is likely to get dicier. This is almost a certainty given the post-pandemic velocity of rate increases and inflation, as well as the continued heavy concentrations in CRE, particularly among community and regional banks.
Key Takeaways:
1. The forces that are fueling this almost certain heightened credit stress.
2. Strategies bank boards and management teams can take to meet these challenges and to ensure reduced credit losses.
3. How to blend technology with the right personnel to oversee this changing credit landscape.
Presentation Title: From Bankruptcy to Successor Planning for Customers
Speaker: Jennifer Lurken and Chris Bowler, Gislason & Hunter, LLP
Frequently financial institutions receive notices that a customer has filed bankruptcy or has passed away . Most bankers are uncertain what they should do once they receive a bankruptcy notice or a notice that a customer has died. We will provide a brief overview of bankruptcy law and how to handle customer accounts when they file bankruptcy. We will also discuss what to do when a customer passes away and ownership of the customer’s collateral changes hands under their will or another means.