9th annual cfo symposium - florida bankers · 2020. 6. 8. · schedule of events 9th annual cfo...
TRANSCRIPT
9th Annual
CFO Symposium
May 6-7, 2021Ritz Carlton Golf Resort, Naples, Florida
This group live event awards up to 9.0 CPE credits.
Schedule of Events
9th AnnualCFO Symposium
Ritz Carlton Golf Resort, Naples, Florida May 6-7, 2021
The role of the bank CFO, controller, treasurer or cashier is tougher than ever. Financial strategies are continually evolving in an effort to determine the best path for achieving earnings. Whether it is growing your loan portfolio or simply finding new fee income, the challenge to create acceptable ROA and ROE performance is as difficult as we have seen for nearly 20 years.
This symposium will discuss critical success issues with CFOs, CEOs, Board Members and other senior bank officers who are interested in enhancing their organization’s profitability in 2021 and beyond. The importance of reliable tools and techniques is crucial to achieving this goal. Among other presentation topics this symposium will focus on current banking and industry issues, accounting and financial reporting developments, mergers and acquisitions and investments. The "take away's" from this event will make it well worth your time, energy and money to attend.
THURSDAY, MAY 6th7:30 a.m. - 8:30 a.m. .............................................................................Registration Desk Opens & Continental Breakfast
8:30 a.m. - 9:45 a.m. .........................................................................................................................Session One and Q&A"Opening Remarks and Symposium Emcee"
J. Kimbrough "Kim" DavisExecutive Vice President & CFO, Capital City Bank Group, Inc.
"Overview of Banking and Industry Issues"A. George Igler
Attorney, Igler Pearlman, P.A.
9:45 a.m. - 10:00 a.m. ....................................................................................................Refreshment & Networking BreakSponsored by: Ncontracts
10:00 a.m. - 11:00 a.m. ...................................................................................................................... Session Two and Q&A"What if Trump Negotiated Your Next Core IT Deal"
Aaron Silva, President & CEO, Paladin fs, LLCThis A-political, non-partisan, entertaining yet serious presentation will feature President Trump as the lead negotiator against Core & IT legacy suppliers such as Fiserv, FIS and Jack Henry. Hear from @RealDonaldTrump along with some of his political rivals and friends as they join together in helping bankers avoid #FakeDeals, #FakeIncentives and #BadTerms so they may obtain a fair, balanced and reciprocal trade agreement against any Core, IT or Fintech Supplier now or in the future.During this presentation, you will learn why core IT suppliers' contracts are so one-sided and over-priced; how these vendors unfairly benefit as #SilentShareholders in every merger; what a real Service Level Agreement looks like and how to avoid #FakeSLAs; and where to access market intelligence and pricing data before you next renewal.
11:00 a.m. - 11:15 a.m. ....................................................................................................Refreshment & Networking BreakSponsored by: Federal Home Loan Bank of Atlanta
11:15 a.m. - 12:15 p.m. ................................................................................................................... Session Three and Q&A"Securities Transactions That Are Working"
Kamal Hosein, Managing Director, Stifel Financial CorporationThis session will discuss investment portfolio moves currently being made by banks to improve risk positioning and profitability. To help assess how these strategies are applicable to individual banks, it will be explained how the market conditions and rationale are driving them.
12:15 p.m. - 1:00 p.m. ..................................................................................................................................................Lunch
1:00 p.m. - 2:00 p.m. .......................................................................................................................Session Four and Q&A"Searching for New Revenue Streams: Cannabis Banking and Other Non-Interest Income Streams"
Mike Dempsey, Senior Manager, Dixon Hughes Goodman, LLPAdam Thomas, Partner, Dixon Hughes Goodman, LLP
With interest rates low, it’s time for banks to explore options for revenue streams. This session will highlight emerging revenue options, including cannabis banking and wealth management opportunities, and the steps needed to conduct a feasibility analysis, due diligence and risk assessment.
2:00 p.m. - 2:15 p.m. .....................................................................................................Refreshment & Networking Break
2:15 p.m. - 3:15 p.m. ....................................................................................................................... Session Five and Q&A"Maximizing the Investment Portfolio"
Dale Sheller, Senior Vice President Financial Strategies Group, The Baker GroupMany banks are now faced with a bleaker earnings outlook than recent years and margin compression may have already started to take its toll in this challenging rate environment. Keeping every dollar on the balance sheet efficiently utilized and allocated has become even more critical. This session will dive into investment portfolio strategies in today’s environment by reviewing portfolio trends, finding relative value in today’s market, and discussing various sector strategies. Lastly, an analysis of high performing bank investment portfolios will assist in discovering where the best performing portfolios invest.
3:15 p.m. - 3:30 p.m. .....................................................................................................Refreshment & Networking Break
3:30 p.m. - 4:30 p.m. .........................................................................................................................Session Six and Q&A"Balance Sheet Strategies in the Current Environment"
Rick Redmond, Director of Balance Sheet Strategies, Vining SparksIn 2019, after several years of economic expansion, macro-economic and geopolitical factors caused a change in marketsentiment, forcing bankers to face the prospect of lower rates for the first time in over ten years. The change in marketsentiment was rapid and led to increased market volatility and ultimately an inverted yield curve. Market volatility and theneed to continue serving the needs of customers- even when those needs might be at odds with bank preferences - serve toremind us that we need to use all the resources available for balance sheet management (whether on or off-balance sheet).We will discuss the current market environment and lay out practical ideas for managing the wholesale balance sheet.
5:00 p.m. - 6:00 p.m. ......................................................................................................... Networking Cocktail ReceptionDrink Tickets Sponsored by: ICBA Securities
Hors d'oeuvres Sponsored by: BMO Financial GroupFRIDAY, MAY 7th7:30 a.m. - 8:30 a.m. .............................................................................Registration Desk Opens & Continental Breakfast
8:30 a.m. - 9:30 a.m. ......................................................................................................................Session Seven and Q&A"Liquidity and Funding in a Turbulent Environment and Understanding How to Best Position the Bank"
Eric Wimbush, Senior Relationship Manager, Federal Home Loan Bank of AtlantaThis session covers the value of the Liability side of the Balance Sheet and its importance to the management of a bank. This session will take a look at various sources of liquidity and how they are defined by the regulators in terms of buckets and availability. There will also be an update on the capital markets environment (including a quick update on the Libor to SOFR transition) and what we are seeing as macro and micro influences. There will be a good discussion on the various considerations that need to be discussed when funding the balance sheet.
9:30 a.m. - 9:45 a.m. ......................................................................................................Refreshment & Networking Break
9:45 a.m. - 10:45 a.m. .....................................................................................................................Session Eight and Q&A"Asset Liability Management in the 2020s"
Brett Lofton, CFA, Director Depository Balance Sheet Analytics, SunTrust Robinson HumphreyMatt Thompson, CFA, Vice President, ALM, SunTrust Robinson Humphrey
The focus will be on relevant ALM and balance sheet management topics given the current environment. We will lay out (subject to market outlook) trends and strategies in an uncertain rate environment. What are ways to mitigate continued margin compression in a stagnant or falling rate environment? How should a balance sheet be positioned if rate hikes are actually on the horizon? This session will discuss what a well-run ALCO process should look like as we enter the new decade and a pivotal election year.
10:45 a.m. .......................................................................................................................................................Adjournment
Special Thanks to our Sponsors
If you think education is expensive, try ignorance.~Andy McIntyre
Many heartfelt thanks go the companies listed below for their help in making this symposium a success.
BMO Financial GroupGerrit van de Wetering
Dir./Interest Rate Mgmt. SolutionsChicago, IL (312) 845-4010
Dixon Hughes Goodman, LLPAdam W. Thomas, CPA
PartnerTampa, FL (813) [email protected]
Federal Home Loan Bank of AtlantaEric Wimbush
Senior Relationship ManagerAtlanta, GA (404) 888-8435
ICBA Preferred ServicesJames L Reber
President & CEOMemphis, TN (800) 422-6442
NcontractsMarnie Keller
SVP Partnerships/Industry OutreachBrentwood, TN (888) [email protected]
Paladin fs, LLCAaron M. Silva
President & CEODallas, TX (877) 746-4859
Stifel Financial CorporationKamal Hosein
Managing DirectorBirmingham, AL (888) 778-3763
SunTrust Robinson Humphrey, Inc.Scott M. Davis, CFAManaging Director
Memphis, TN (901) [email protected]
The Baker GroupJ. Paul ClantonVice President
Atlanta, GA (855) [email protected]
Mike DempseySenior Manager, Dixon Hughes Goodman LLPMike is an articulate and seasoned executive with more than 20 years of experience related to enterprise risk management, operational risk, third-party risk management and regulatory safety and soundness. Mike possesses both national and international experience creating and implementing enterprise and operational risk frameworks, as well as audit risk methodologies. This includes the development of relevant and practical programs, policies, procedures and tracking tools. Mike successfully works with all levels of an organization and across functional areas and business segments to offer detailed strategic and operationally sound solutions.
Mike has been a frequent presenter and facilitator at industry risk management conferences and contributed to several whitepapers and thought leadership during his tenure at a Big Four firm. He led regulatory safety and soundness and operational risk and compliance engagement teams as a Director. Previously, Dempsey was a lead examiner of large bank supervision and team leader for large, complex banking organizations (LCBO) at the Federal Reserve Bank of Richmond, and he also served as regional head of operational risk for a large bank.
He received his Master of Business Administration from Nova Southeastern University, and his Bachelor of Arts from State University of New York at Albany.
Kamal HoseinManaging Director, Stifel Financial CorporationKamal Hosein is a Managing Director at Stifel, providing leadership to its 35+ member Fixed Income Strategies Group, which lends personnel, thought, and analytical resources to clients. He develops and aids in implementation of strategies for optimizing investments and balance sheets.
Prior to joining Stifel (formerly Sterne Agee) in March of 2011, Kamal was an Executive Vice President and Treasurer for the $25 billion Colonial Bank (now BB&T), where he had been since June of 2003. His responsibilities included oversight and
management of the bank’s overall interest rate risk, the fixed income investment and interest rate derivatives portfolios, wholesale funding sources and utilization, as well as loan and deposit pricing. Treasury responsibilities also included forecasting of income and capital, oversight of BOLI, management of rating agency relationships, and leadership on debt/equity offerings. Prior to that, Kamal worked at Compass Bank (now BBVA) for nine years in ascending roles in Treasury, including management of the bank’s $5+ billion investment and interest rate derivatives portfolios.
Kamal graduated summa cum laude with a Bachelor of Science and Master of Arts in Finance from the University of Alabama. He serves on the Culverhouse College of Business’s Board of Visitors and was named the 2019 recipient of the Economics and Finance Alumni Leadership Award. Kamal is also a CFA charterholder and member of the CFA Society of Alabama.
Meet the Speakers
A. George IglerAttorneyIgler Pearlman, P.A.Practicing law since 1979, George Igler has served as corporate counsel to a number of financial institutions, assisting management and boards of directors in creating both short and long-term corporate and business strategies. He practices in corporate and banking law, mergers and acquisitions, public and private securities offerings, and reporting compliance for public companies.
He has represented banking clients in international banking matters, including in Portugal, Angola, and Brazil. He has served as counsel for Florida Financial Group,
which held meetings bimonthly to update CEOs and Presidents of financial services companies on regulatory trends, and his former firm served as general counsel to BancServ, a subsection of the Florida Bankers Association. George was a former assistant general counsel for the Florida Department of Banking and Finance from 1981 to 1983, and was a judicial intern for the Supreme Court of Florida in 1979. George is a frequent speaker before financial institution organizations and has been interviewed by various periodicals and trade journals, including the Tampa Bay Business Journal and South Florida Business Journal. George earned his J.D., with honors, from Florida State University College of Law in 1979, and he received his B.S. from Florida International University in 1975.
Rick RedmondPresident, Vining Sparks Interest Rate Products, LLCRick serves as head of marketing and trading for Vining Sparks Interest Rate Products, LLC. His responsibilities include working directly with financial institution clients to develop and execute risk management and earnings enhancements strategies, management of the firm’s asset/liability management methodology and reporting, day-to-day management of the interest rate products group as well as direct oversight of the CD trading and wholesale funding desks. His specific expertise includes balance sheet hedging, commercial loan hedging, mortgage servicing hedging, risk adjusted performance measurement/management, interest rate risk modeling/management, and
wholesale funding strategy development. Rick is an often-featured speaker at Balance Sheet Management and Capital Markets Product conferences. He graduated from Auburn University with a BS in Accounting and Finance in 1979 and the BAI Graduate School of Banking at the University of Wisconsin in 1992.
Dale ShellerSenior Vice President Financial Strategies Group, The Baker GroupDale Sheller is Senior Vice President in the Financial Strategies Group at The Baker Group. He joined the firm in 2015 after spending six years as a bank examiner with the Federal Deposit Insurance Corporation. Sheller holds a bachelors degree in finance and a master’s degree in business administration from Oklahoma State University. He works with clients on interest rate risk management, liquidity risk management, and regulatory issues.
Meet the Speakers Continued...
Meet the Speakers Continued...Aaron M. SilvaPresident & CEO, Paladin fs & Golden Contract CoalitionMr. Silva is a recognized and respected industry leader and negotiations expert standing for community financial institutions. An entrepreneur and industry veteran since 1991, Aaron founded Paladin fs, LLC in 2007 and launched Golden Contract Coalition in 2016. His invention of the Paladin Blue Book has leveled the playing field in contract negotiations vs. national Core & IT suppliers, gaining his clients more than $300M in cost reduction and $100M in merger value accretion.
In 2018 Silva expanded Paladin to include the Fintech Advantage division, now addressing the anticipated adoption of fintech services within the industry. By the end of 2019, the GCC will have more than $1B in combined contract value - the largest banking association focused exclusively on developing a fair "Golden" contract standard that all Core, IT and Fintech suppliers will ultimately adopt in order to do business with this industry.
Adam Thomas, CPAPartner, Dixon Hughes Goodman LLPAdam has more than 16 years of experience in public accounting focusing on the financial services industry, and he leads the DHG Asset Management practice. In addition to providing external audit services, Adam has experience with internal controls over financial reporting, including FDICIA and Sarbanes-Oxley Act of 2002, various allowance for loan and lease losses models, business combinations and acquisitions, and SSAE 18 reporting. Prior to joining DHG, Adam worked for a Big Four firm for 10 years. He served external audit financial services and technology clients, including community and regional financial institutions. Adam is a frequent contributor to industry
publications and presents at industry conferences on emerging issues and trends. Adam is an active member of the local community.
Adam earned his Bachelor of Science in Business Administration from Samford University, and his Master of Accountancy from Samford University.
Eric WimbushAssistance Vice President and Senior Relationship ManagerFederal Home Loan Bank of AtlantaEric Wimbush has worked for the Federal Home Loan Bank of Atlanta as a Senior Relationship Manager for a total of 14+ years covering financial institutions in Florida (his current territory), Georgia, Maryland, Virginia and Washington, DC. He joined the Bank in 2002 from the Federal Reserve Bank of Atlanta and left for a four-year period in 2014. During this time he worked as a Correspondent and Investment Banker at SunTrust Robinson Humphrey covering financial institutions in the Mid-Atlantic and Northeast region and as a Financial Advisor for Edward Jones Investments.
In his role at the Bank, Eric provides comprehensive balance sheet management strategies to 140+ shareholders in the Florida market. By working directly with Executive Management using a combination of onsite meetings, strategic dialogue and educational sessions, Eric is able to provide insight into the best uses of the products and services offered by the Bank. He is able to develop real-world, creative solutions that allow his shareholders to better serve the various lending needs of their communities.
Meet the Speakers Continued...
“Education is learning what youdidn’t even know you didn’t know.”
~Daniel J. Boorstin
"In prosperity, prepare for change;
in adversity, hope for one."~Author Unknown
In additional to his extensive background in the Financial Services Industry, his educational background includes a Bachelors degree from Wofford College, a Masters degree from Georgia State University, the Chartered Financial Analyst (CFA) Designation and several securities and insurance licenses.
General InformationHotel LocationRitz Carlton Golf Resort2600 Tiburon DriveNaples, Florida 34109Reservations: (877) 557-3092
Room ReservationsTo reserve your room call the hotel reservation office and identify yourself with the Florida Bankers Association 9th Annual CFO Symposium, to receive the contractual room rate of $199. (additional state and local taxes will also be applied) Please be sure to secure your room reservation as soon as possible before the cutoff date of Thursday, April 1, 2021. Reservations made after this date, or when the room block is sold out, will be subject to group room and rate availability.
Dress CodeDress for the 9th Annual CFO Symposium is business casual. The meeting room tends to be cold so a jacket or sweater may be necessary.
Comments or QuestionsIf you have any concerns or complaints about this event please contact Pete Brokaw at [email protected] or (850) 701-3515.
Continuing Educational Credits AvailableThe Florida Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.
nasbaregistry.org. This group live event awards up to nine (9) credit hours for accounting, business management and organization and finance. Prerequisites: None; Advanced Preparation: None; Program Level: Overview
"Learning is what most adults will dofor a living in the 21st century."
~Perelman
FLORIDA BANKERS ASSOCIATION9th Annual CFO Symposium
May 6-7, 2021 Ritz Carlton Golf Resort, Naples, Florida
IMPORTANT: Complete this form and return with your credit card information to Florida Bankers Association, 1001 Thomasville Rd, Suite 201,Tallahassee, FL, 32303. Telephone: 850-701-3515. FAX: 850-222-6338. For more information on this symposium or any other FBA educational event contact Pete Brokaw by email at [email protected] or at the numbers above.REGISTRATION FEE INCLUDES: General sessions, handouts, lunch, reception, continental breakfast and all refreshment breaks. Received on or Received before 4/6/21 after 4/6/21FBA Member ............................................................................................... $530.00 $580.00All other Non-FBA Member ..................................................................... $1,060.00 $1,160.00
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