National Exchange Bank & Trust is pleased to welcome Ashley Deiler as a Retail Lender at the Fond du Lac office located on West Johnson Street where she will be assisting customers with consumer installment and mortgage loans. Deiler brings with her more than six years of banking and lending experience.

Deiler grew up in Fond du Lac where she attended Fond du Lac High School. She then earned her bachelor’s degree in Communications and Design Arts from UW-Green Bay.

Deiler now resides in Fond du Lac with her family. She is active in the community as part of the Young Professionals of Fond du Lac.

First Business Bank is pleased to announce the winning nonprofits and golfers who played for them in the 2021 First Business Bank Charity Golf Invitational – Madison on Wednesday, September 15. The event has raised more than $597,000 for nonprofits in Madison and Milwaukee over the past 10 years.

Local business leaders compete in two-person teams in the First Business Bank Charity Golf Invitational on behalf of a local charity of their choice. First Business Bank covers 100 percent of the event costs. Winning golfers and charities at the event hosted at Nakoma Golf Club include:

  • First Place – $20,000 won on behalf of Middleton Outreach Ministry (MOM) by Jacob Klein and Aaron Kostichka
  • Second Place – $10,000 won on behalf of Boys & Girls Clubs of Dane County by Sean LaBorde and Mike Victorson
  • Third-Place Tie – $5,500 won on behalf of McFarland Food Pantry by Scott Bellefeuille and Derek Westrum
  • Third-Place Tie – $5,500 won on behalf of Garding Against Cancer by Tim Cleary and Jeff Beckmann
  • Third-Place Tie – $5,500 won on behalf of Diocese of Madison Foundation by Matt Limoges and Mark Meloy

The competition was strong to the finish with a chip-off held to determine first place. Mike Victorson’s shot landed 3 feet and 5 inches from the hole while champion Jacob Klein brought home the $20,000 prize for MOM with a 1-foot, 9-inch shot.

“For our 10th anniversary of the First Business Bank Charity Golf Invitational, the weather was perfect and the golfing was impressive,” said Jim Hartlieb, President – First Business Bank. “This event is very important to us and to me, personally, because it’s such a celebration of the importance of community organizations and emphasizes the generosity of our local businesses and their leaders. We’re humbled by their impact over the years through this event – giving more than half a million dollars to nonprofit organizations is astounding.”

Jacob Klein, President of JT Klein Company, Inc., selected MOM as his team’s winning nonprofit because his business, which develops low-income housing, works with MOM through its housing developments and sees all the ways the organization provides help in the community. “They were with us on a lot of our developments providing support both from the food pantry and tenant assistance for the residents,” Klein said.

MOM’s Executive Director Ellen Carlson said the $20,000 first-place prize will help the organization respond to the housing stability needs in our community. “MOM’s mission is to create food security and housing stability, so we couldn’t be more excited that Jacob and Aaron chose MOM as their charitable partner for the event,” Carlson said. “To have them win — that made that partnership extra amazing.

“We recently launched a new Connections Housing program, designed to help individuals and families who are in doubled-up housing situations, providing increased Case Management and financial assistance to help them overcome barriers towards stable housing,” she said. “This is one of only a few programs like this in Dane County and we are so grateful to have the continued support of the community to make this work possible! My gratitude for Jacob and Aaron, and to everyone at First Business Bank, for their vision for this event and all of their hard work to make our community a better place for all.”

Models white big wooden houses with a miniature house in the center

The Federal Housing Administration (FHA) announced earlier this week new and extended COVID-19 relief options for borrowers recently or newly struggling to make their mortgage payments because of the pandemic and for senior homeowners with Home Equity Conversion Mortgages (HECMs) who need assistance to remain in their homes. The measures respond to the continued impacts of the pandemic and are part of FHA’s continuing evolution of its COVID-19 policies so that the right tools are in place to help borrowers.

Specifically, FHA made the following changes, effective September 27:

  • A new COVID-19 Forbearance or HECM Extension period for borrowers who may be newly affected by the pandemic: FHA is now providing up to six months of COVID-19 Forbearance for borrowers requesting an initial COVID-19 Forbearance or HECM Extension from their mortgage servicer between October 1, 2021, and the end of the COVID-19 National Emergency, and an additional six months if the COVID-19 Forbearance or HECM Extension is exhausted and expires before the end of the COVID-19 National Emergency.
  • An additional COVID-19 Forbearance or HECM Extension period for borrowers recently seeking assistance: FHA is now providing up to six months of additional forbearance for borrowers who requested or will request an initial COVID-19 Forbearance or HECM Extension from their mortgage servicer between July 1, 2021, and September 30, 2021, allowing these borrowers up to a maximum of 12 months of COVID-19 Forbearance or HECM Extension.

FHA urges those who are behind on their mortgage payments or are having difficulty complying with the terms of their Home Equity Conversion Mortgage (HECM), and have not yet contacted their mortgage servicer, to do so immediately. By contacting their servicer, homeowners can obtain a mortgage payment COVID-19 forbearance or a HECM extension. FHA also urges homeowners to engage with their mortgage servicer when their mortgage servicer contacts them about the new COVID-19 Advance Loan Modification (ALM) or any other COVID-19 loss mitigation home retention options. Homeowners who are seeking more information on the options available to them should also consider contacting a HUD-approved housing counseling agency.

The announcement and a helpful chart summarizing available FHA Forbearance programs is available here.

Starion Bank is pleased to announce that Matthew Harrold has been hired as a Universal Banker II at our Sun Prairie location. Harrold comes to Starion with prior banking and sales experience.

Desirae Jimenez has been promoted to Assistant Vice President of Operations & Project Management for National Exchange Bank & Trust where she will continue to lead various projects across the organization, lead card payment functions, manage the bank’s ATM network, analyze data and support customer communication needs and other business efforts.

Jimenez has been with the bank for more than 15 years. She holds a bachelor’s degree in Economics & Finance from Marian University and a certificate in Project Management from UW-Milwaukee.

Jimenez grew up in Beaver Dam where she currently resides with her family. She is active in the community as Vice President of the Beaver Dam Lions Club and a mentor for the Beaver Dam Unified School District Partners Are Learning Program.

Wisconsin state capital building view from above

Rose Oswald PoelsBy Rose Oswald Poels

The Assembly Committee on Financial Institutions will be holding a public hearing at 12:00 p.m. on Wednesday, October 6, 2021 at the State Capitol in Madison. I am encouraging bankers to attend the hearing and testify in opposition to Assembly Bill 478, which contains provisions expanding authorized activities and powers of credit unions. If enacted, this legislation would provide credit unions with even more tools to grow, much to the detriment of Wisconsin’s banks.

Credit union activity is a key issue shared by WBA members, and this is your opportunity to convey directly to legislators the harm credit unions pose to your institution and why the Legislature should not grant them additional powers.

WBA leadership will be testifying in opposition on behalf of the association, but we need a greater show of force to ensure this legislation does not move past the public hearing phase the way the bill is currently written. I can assure you there will be numerous individuals appearing on behalf of the credit unions to testify in favor of this bill.

The WBA Government Relations team will provide you with a full compliment of materials to prepare you for the hearing, including logistics information and talking points. Most importantly, we will provide you with a template from which you can develop testimony. For anyone nervous about testifying — it is really quite easy. Legislators sincerely appreciate hearing from members of the public on issues and will be grateful for your input. I am also happy to do run-throughs or “coaching” via Zoom ahead of time.

Here are some of WBA’s main objections to the bill:

A section of the bill would mean credit union growth, lending, and activity in ways that contravene their charter. Such activities — such as allowing nonmember joint applicants — are outside the scope and original purpose of credit unions and should not be allowed.
A section of the bill would allow credit unions to issue or otherwise offer supplemental forms of capital as approved by the Office of Credit Unions (OCU) in the Department of Financial Institutions. WBA believes this provision is in connection with a proposal by NCUA to permit credit unions to issue subordinated debt for purposes of regulatory capital treatment. WBA strongly objected to NCUA’s proposal, and this activity should not be permitted for state-chartered credit unions.
A section of the bill would create a new procedure that any activity or power incidental to credit union business that is not already listed in statute becomes authorized for a federally chartered credit union, then the power/activity is to automatically become authorized activity/power on state level unless OCU issues general order noting such within 30-day window. Generally, WBA is not supportive of this automatic treatment and notes that this would reduce legislative oversight.
If you do not wish to testify but would like to express your opposition, you can attend the hearing and, upon arrival, check the box on your hearing slip indicating that you oppose the bill but do not want to testify. This will be noted in the committee’s report to the Assembly.

Please let me know as soon as possible if you can join us on October 6.

Thank you for your consideration!

Person holding Covid 19 Vaccination card

As was first reported in the September 10 WBA Wisconsin Banker Daily, President Biden released a plan on September 9 meant to reduce the number of unvaccinated Americans.

By way of background, to implement the plan, Department of Labor’s Occupational Safety and Health Administration (OSHA) is developing a rule that will require all employers with 100 or more employees to ensure their workforce is fully vaccinated or require any workers who remain unvaccinated to produce a negative test result on at least a weekly basis before coming to work. OSHA will issue an Emergency Temporary Standard (ETS) to implement the requirement.

OSHA is also developing a rule that will require employers with more than 100 employees to provide paid time off for the time to takes for workers to get vaccinated or to recover if they are under the weather post-vaccination. This requirement will also be implemented through an ETS.

President Biden executed a second order to take similar steps to require vaccinations for all federal workers and federal contractors that do business with the federal government. The Safer Federal Workforce Task Force had until this past Friday to describe new safety protocols, per the order.

Guidance was released last Friday; however, it unfortunately did not clarify whether banks are considered federal contractors under the vaccine mandate. WBA will continue to closely monitor the developing law and update the membership once coverage of the order is clarified.

Safer Federal Workforce Task Force COVID-19 Workplace Safety: Guidance for Federal Contractors and Subcontractors

Path Out of the Pandemic Order

Order of COVID Safety for Federal Contractors

 

By Heather MacKinnon

The excitement of a new year and COVID-19, which affected the global supply chain during this pandemic, have awakened consumers to the importance of agriculture. We, as ag bankers, realize how important farmers are to this economy. We will start seeing more growers digitize their farms at a faster rate and use electronic platforms with their partners to conduct routine business. We also will see agricultural professionals increase their personal protective equipment for their staff and establish better social distancing to mitigate the risk of spreading the virus.

If the virus doesn’t get under control and the infection rate keeps increasing, we could see supply chain shortages and slowdowns from farm product deliveries as workers stay home due to illness or caring for a family member. These same concerns would affect processors. Slowdowns could also impact fertilizer, fuel, and other farm inputs.

Everyone has experienced a lot of stress this year dealing with the COVID-19 pandemic, which has caused turmoil in markets and loss of work and family illness. I hope that we all stand together to get through these hard times and put our people and country first.

Let’s all remember to thank all the farmers who work so hard to supply for the needs of this country.

Paul Curran is VP, commercial/ag lending with Ergo Bank in Fox Lake and serves on the WBA Agricultural Bankers Section Board of Directors.

Waukesha State Bank, a full-service community bank with 14 offices in Waukesha County, has hired John Schmitz as vice president – commercial banking officer.

“We are pleased to welcome John to our commercial banking team,” stated Tony Laszewski, Waukesha State Bank senior vice president – commercial banking manager. “To have a community banking professional of this caliber join our company is indicative of our commitment toward supporting the needs and goals of the local business market.”

Schmitz holds a Bachelors of Business Administration degree in finance from the University of Wisconsin – La Crosse and has over 30 years of financial experience specializing in commercial and industrial (C&I) lending, commercial real estate lending and business development. In his new role as vice president – commercial banking officer, Schmitz will be responsible for prospecting, developing and managing commercial loan portfolios.

Schmitz is active in the community currently serving as a commissioner on the City of Waukesha Plan Commission, as board president for the City of Waukesha Parks, Recreation and Forestry, and as an ambassador for the Waukesha County Business Alliance. He is also a member and past president of the Kiwanis Early Risers of Waukesha and serves on the membership committee of the Tool, Die & Machining Association of Wisconsin in addition to being a board member and treasurer for the Tool, Die & Machining Association of Wisconsin’s Forward Foundation. He and his family currently reside in Waukesha.

Bank Five Nine was proud to support Junior Achievement of Wisconsin with a sponsorship of $1,200 toward their Biz Town program. JA Biz Town combines in-class learning with a day-long visit to a simulated town. This popular program allows elementary school students to operate banks, manage restaurants, write checks, and vote for the mayor. The program helps students connect the dots between what they learn in school and the real world.

Junior Achievement has 105 local JA Areas across the nation, and together they are the nation’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their futures, and make smart academic and economic choices. Their purpose is to inspire and prepare young people to succeed in a global economy.