Pub. 10 2022 Issue 3

Welcome ReceptionBell BankUBBWipfliSelect BankcardShazam Thursday BreakfastBell BankSelect Bankcard Thursday LunchHoltmeyer & MonsonSelect Bankcard Vendors ReceptionWipfliSelect BankcardCrescent MortgageShazam 55th AnniversaryBarbecueBell BankSelect BankcardBHG Bank NetworkCrescent MortgageShazam Hosted Bar ThursdayPCBBMT Board of HousingCitizens Alliance Bank Friday BreakfastBell BankWipfliSelect Bankcard Friday LunchSelect BankcardICBA Bancard & TCM BankICBA Securities Refreshment Golf CartSelect BankcardBHG Bank NetworkCommunity BankersWebinar NetworkShazam Rafting CoolerFederal Home

MIB’s 55th Annual Convention and Tradeshow was held July 27-29 at the Whitefish Lake Lodge. Attendees enjoyed great speakers, fun activities and numerous networking activities. A big thanks to all of our sponsors that made this event possible. We hope to see you at our next event. Please visit mibonline.org for more information.

September 10, UM Tailgate Party, MissoulaSeptember 26-29, Barrett School of Banking Webinar, Ag Lending 101October 6, FDIC Workshop, BozemanNovember 16-17, Women in Banking Conference, BozemanNovember 18, MIB Fall Board Meeting, BozemanNovember 19, Cat-Griz Game MIB Tailgate, BozemanMarch 12-16, 2023, ICBA Live, Honolulu, Hawaii CBC Program Dates September 9, 9:00 a.m.Regulatory Update Webinar September 15, 9:00

Dean Miller, Chairperson of United Bankers’ Bancorporation, Inc., is pleased to announce the election of Rachelle Nelson to the United Bankers’ Bancorporation, Inc. (UBBI) and United Bankers’ Bank (UBB) Boards of Directors.

Most businesses do not understand the difference between patch management and vulnerability management. To make matters worse, IT departments and Managed Service Providers habitually use them interchangeably, which may negatively affect your cybersecurity program’s effectiveness. While patch
management and vulnerability management maintain a compatible relationship, they have separate duties, and may impact your organization’s IT risk.

According to the Federal Bureau of Investigation (FBI), millions of elderly citizens are targeted annually with some form of financial fraud, and many of these attempts are successful. It has been estimated that seniors lose approximately $3 billion per year as a result of these scams, which are becoming more widespread and sophisticated.

With the emergence of the COVID-19 pandemic and the onset of faster digitization in banking, banks, other
depositories and institutional investors have expanded their ALM strategy to include purchasing third-party consumer loans for a variety of reasons. Through a fintech partnership, banks may find a more flexible and agile path to managing the balance sheet, interest
income, and technological capabilities.

Flood Insurance. Q: We are working on a loan for our borrowers to purchase a primary residence. I just pulled the flood determination and found that part of the property is in the flood zone. However, the residential structure is not in the flood zone, only an older storage shed. Do we need to place