Pub. 12 2022-2023 Issue 2

At its inception over 50 years ago, the ATM fired the starting gun for the self-service banking culture and quickly gained steam as a crucial touchpoint that freed account holders from the shackles of business hours and banking at a single branch. Today, a myriad of factors including trends accelerated by a global pandemic, social/political pressures, and rapidly advancing ATM technology are again shifting self-service expectations and changing the framework of the traditional ATM network.

With banks still flooded with cash in the wake of the pandemic, many are waiting to raise deposit rates, content to watch some excess liquidity run off the balance sheet. But in a rising rate environment, some analysts are raising questions about whether banks risk waiting too long. They cite increasing competitive threats from fintechs — many of which weren’t around the last time banks battled for deposits — and internet-savvy consumers better equipped to chase higher yields elsewhere.

A Colorado law that took effect in August 2022 substantially changes what is permissible for non-compete and non-solicitation employment agreements.

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.

Is your overdraft program taking a backseat? Like many Americans, community banks continue to face challenges related to a lack of time, money and/or the personnel to get things done. One thing that can get overlooked along the way — but shouldn’t — is your overdraft program. While you may not notice any issues on

In 2022, Goodwill of Colorado trained over 35 community members for banking positions across the front range. BankWork$, a job training program offered in partnership with CareerWork$ and introduced in 2016, is an eight-week course that prepares students for entry-level bank roles — including Teller, Banker, Relationship Manager, Customer Call Center Representative and Loan Administrator.

Hedging tools allow banks to prepare before next quarter’s volatility — and potential rate change. Financial markets have been rocked by significant volatility in 2022. Over the first six months of 2022, the 10-year U.S. Treasury rate jumped from 1.52% to 3.2%. A confluence of events is driving that volatility: increased inflation expectations led to

Colorado Bankers Association focuses on the needs and goals of its members, resulting in high membership satisfaction. Another benefit is the team at CBA produces exceptional results on behalf of its membership. There is a sustaining value to the CBA membership. Colorado Bankers Association advocates for economic opportunities for the financial services industry through a