Pub. 3 2013-2014 Issue 3

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S November • December 2013 17 A legal partner you can trust. Our advantage is simple—we understand the business. Stinson Morrison Hecker’s banking attorneys have broad experience in matters related to financial services, including commercial lending, mergers and acquisitions, regulations and compliance, litigation and payment systems. Bank on our reputation and knowledge. Stinson.com. Ernie Panasci Kristin Godfrey The choice of a lawyer is important and should not be based solely on advertisements. 5613 DTC Parkway, Ste. 970 | Greenwood Village, CO 80111 | 303.376.8400 Denver | Kansas City | St. Louis | Phoenix | Washington, D.C. Omaha | Wichita | Overland Park | Jefferson City | Decatur Perry Glantz Deborah Bayles 20539 CO Banker Ad_Half pg 9/30/13 11:58 AM Page 1 The 6,900 community banks control $1.4 trillion in assets. That’s 11 percent of all bank assets in the country. They currently have $257 billion in loans to small businesses and farms on their books. While the community bankers are grateful for these type policies, they also know they are the ones left to deal with the field examiners who are less likely to encourage small banks to be creative or stray from the standard path. Community bankers know that while the smaller banks are not required to perform sophisticated risk analysis testing if a field examiner recommends the test as a matter of “best practice,” the bank will be required to do some level of the testing. A few community bankers have been preparing for a merger or sale because of the “regulatory fatigue” that banks are expe- riencing. They simply do not believe that their banks can attract and maintain the resources necessary for compliance with regulation going forward. Community banks must look beyond traditional methods of managing compliance and scale their functions and expense by utilizing the same economies of scale that the mega banks enjoy. Rather than going in circles with the idea of “should we take a stand with our examiners, can we afford to hire the extra personnel to implement and oversee the new requirements, or do we consider amerger?” Colorado Banker’s Association shares these same concerns but provides a solution for the bank. n Compliance Alliance offers a back room compliance department full of attorneys, former regulators and compliance professionals. We will answer your regulatory or compliance questions, provide you access tomore than 800 quality compliance docu - ments (including policy and procedure templates, cheat sheets, check lists, flowcharts and much more), summarize the new rules and requirements, provide monthly webi - nars on hot issues, review advertising and marketing, walk you through new product development, and create tools to assist the bank in meeting those regulatory “best practice” recommendations. All at a price that will allow the bank to continue to make a profit and give the bank back the time they need to serve their communities. Explore our immense resources by participating in a free live demo of Compliance Alliance. For more information, visit www.compliancealliance.com or contact Scott Daugherty at scott@compliancealliance.com or 888-353-3933.