CBAO eNewsletter



Community Banking News
News and events of interest for Ohio's community bankers.
Community Banking Day Registration Opens TODAY!

Community Banking Day brings together community bankers from across Ohio to talk about important issues impacting the community banking industry.

Attendees meet with key members of the Ohio General Assembly and Division of Financial Institutions, as well as, attend sessions of the Ohio House of Representatives & the Ohio Senate.
Your voice can make a difference for community banking - will you share it? Join us in Columbus!

We've enhanced and simplified our registration process! Now, simply click on the link below, fill out our short RSVP form, and you're done! Visit our Community Banking Day website >>     

Or, you can always contact Kelly Phillips and she'll personally register you: or (614) 610-1876.
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CBAO Needs Your Help - Send Us Your Feedback!
Planning for our Annual Convention is in full swing, but we need your help! We're looking to enhance our education experience at our convention and would like your feedback to make this a success. Please take 2 minutes to complete our 3-question survey. Thank you for your feedback!

Legislative & Regulatory Updates
Exclusive representation for Ohio community banks.
As part of our commitment to our community banks, CBAO is actively engaged in the legislative and regulatory activities at the State and Federal level. Visit our Industry Representation page to keep updated on the activities that affect you. 
Ohio Legislation & Regulation
H.B. 67 Strongly Opposed by CBAO

H.B. 67, sponsored by Representative Ron Young (R-61), was introduced in the Ohio House recently. Strongly opposed by CBAO this bill, should it become law, would effectively eliminate the cognovit clause from commercial notes in Ohio. Currently, Ohio’s law permits the cognovit clause which allows lenders to obtain a judgment against commercial borrowers. Used sparingly by community banks the clause offers the lender a quick and cost efficient method to protect their interest when a commercial borrower isn’t complying with covenants contained in the commercial agreement. A similar bill, H.B. 291, also strongly opposed by CBAO, was introduced in the 131st General Assembly but failed to gather sufficient votes in committee. CBAO encourages community bankers to contact their respective representative indicating strong opposition. Click here to find your legislator. 
Federal Legislation & Regulation
2.67M SARs filed in 2016
The data is in revealing that depository financial institutions filed 2.67M Suspicious Activity Reports (SARs) in 2016. Coupled with a near “zero tolerance” regulatory approach, this adds to the overwhelming regulatory burden on community banks. CBAO and the ICBA support modernizing the Bank Secrecy Act to raise the currency transaction report (CTR) threshold from $10,000 to $30,000 and indexing future increases on an annual basis for inflation. The current threshold, set in 1970, is significantly dated and captures far more transactions than originally intended. A higher threshold would produce more targeted, useful information for law enforcement. CBAO also supports the creation of a tax credit to offset the cost of BSA compliance. Also, beneficial ownership information should be collected and verified at the time a legal entity is formed by either the Internal Revenue Service or other appropriate federal or state agency, rather than by financial institutions. By doing this, it would provide uniformity and consistency across the United States.
Around the Community
Andover Bank Announces Recent Team Promotions

Andover Bank recently announced 3 promotions on their team! Congratulations to Craig Cumberworth promoted to Senior Vice President of Retail Banking; Daniel Weber promoted to Senior Vice President of Lending; and Christie Joslin promoted to Assistant Vice President and Controller!


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CBAO Marketing & Events
Financial Marketers Unprepared for Data-Driven Future
February 27, 2017 l  The Financial Brand

New technologies and advanced analytics have the potential to create an exceptional customer experience. Unfortunately, most banking organizations continue to use the same outdated, siloed processes.

Understanding the customer journey is at the foundation of being able to deliver the type of experience expected by today’s consumer. Disconnects occur when organizations are unable to link online and offline customer engagements, and when internal silos create communications that don’t reflect a customer’s needs and behaviors in real-time.


CBAO Products & Services
Building a Customer Experience Framework: The Roadmap for Digital Transformation
February 22, 2017  l  The Financial Brand

Amid the rapid changes and digital disruption rocking the banking industry, you must focus on the evolution of your customer experience. But effectively delivering the digital CX today's consumers expect means working from a shared perspective aligned around an overarching strategy.


View our upcoming webinars and trainings >>
*** NEW webinars just added ***
Space Filling Up for CBAO's Preferred Forums

CBAO's most popular Forums are filling up, but we've saved some seats. These premium learning and networking opportunities are the only community banking focused events in Ohio. Our sole focus is ensuring your valuable time is spent developing, problem-solving and learning about the upcoming issues that impact your team. 

Learn more about and register for our upcoming Forums:
Registration is easy! Follow the registration button in the link above, or contact Lianne Simeone at (614) 610-1877 or
CBAO Education & Training
Workshop of the Week – HMDA 2017
WHEN: Friday, March 10, 2017  l  9:00 a.m. - 3:00 p.m. Eastern
WHERE: CBAO's Ray Campbell Learning Center in Columbus, OH

The 2015 HMDA Rule significantly expands the depth of data reported and the scope of covered transactions, which will present challenges for your loan officers, loan operations staff and your software vendors.

This workshop is designed to help understand the new and modified data fields and how to collect and report the information. Join us for this one-day workshop and get the knowledge, the tools and the training for your staff. REGISTER HERE >>

Security, Fraud & Risk Management Conference is ONLY 2 Weeks Away!
WHEN: March 14 - March 15, 2017
WHERE: Marriott Indianapolis North, Indianapolis, IN

Bank security officers are challenged everyday to stay abreast of the perils affecting their banks, while also modifying the policies, procedures and practices within the bank to prevent losses. Maintaining operational efficiency, while addressing the physical security and account level security at financial institutions, is a constant battle.

To address some of the issues and trends impacting your institution, the Annual Security & Risk Management Conference has been designed to address these challenges you face, the environment in which you operate, and the regulatory world in which we all live.