| CBI holds and sponsors a number of informative and entertaining events throughout the year, intended to educate our members, provide networking opportunities, raise funds for educational and advocacy efforts, and support the professional development of Iowa's community bankers. Below is a schedule of dates for major CBI events tentatively being held during 2023. This is not an exhaustive list of all future live events, and dates/locations and times are subject to change. |  |
 CBI's Leaders of Tomorrow (LOT) group members held their Fall Business Meeting at Kinnick Stadium in Iowa City. Guest speaker Alicia Nicoletto from Nyemaster Law updated LOT members on changes to the Uniform Commercial Code, non-fungible tokens (NFTs), cryptocurrency and other issues in digital asset management.
Scott Brickman, EVO/COO of the Swarm Collective NIL presented on that organization's mission and developments in "Name, Image, Likeness" contracts, on the rise after recent NCAA regulation changes regarding college sport player compensations. Brickman explained that an important part of the Collective's purpose is to assist players in the process, and that verifiable, ongoing community service and outreach is required as part of a player's agreement with the Collective.
 View the Iowa Legislative Bill Tracker
Banking Act Modernization Bill Passes Iowa Senate The rewrite of much of the Division of Banking’s code section was passed by the Senate this week by a 45-0 vote. Senate File 566 now goes to the House where it will be eligible for passage there until the end of the session. CBI had input throughout the IDOB’s process to develop this update of the banking code, and we support its passage this year. State Pauses Administration of Johnson & Johnson’s COVID Vaccine Iowa public health officials announced Tuesday they would advise medical providers to stop using one of the main COVID vaccines after reports it caused severe but rare blood clots in some female patients. Gov. Kim Reynolds called the development a “surprising setback” in Iowa’s effort to vaccinate its population, but said it would still be manageable. She noted the shipments of the Johnson & Johnson vaccine at issue were already decreasing and supplies of the other vaccines would replace it. The announcement sent state officials scrambling to create contingency plans for vaccine clinics that had already been planned for this week. Reynolds asked for Iowans’ patience as officials worked to allocate additional vaccines where they are needed. The federal Centers for Disease Control raised red flags that the vaccine produced by pharmaceutical giant Johnson & Johnson needed further study and urged providers to stop administering it immediately. The CDC and FDA reported six cases of severe and rare blood clots, none of them in Iowa. Those agencies are reviewing the vaccine’s safety before vaccinations with J&J can resume.  As we close the book on 2020, we reflect on the year that brought us a devastating pandemic, economic uncertainty, and social unrest. And despite the ongoing battle with COVID-19, there is cause for optimism. We are learning more about the virus and a vaccine seems to be imminent. We have also seen communities and businesses coming together to help each other and adapt in ways we never thought would be possible.
While the COVID-19 situation remains dynamic, Iowa community banks have been vigilant in anticipating and overcoming the obstacles it has presented. This is first and foremost a health crisis, and our thoughts go out to those who have been affected, whether directly or indirectly, by the virus in their communities. Banks have leaned-in amid this pandemic, adopting new technologies to better serve customers, advocating, and facilitating thousands of Paycheck Protection Program loans that totaled more than $6 billion in Iowa alone, and working closely with customers in financial distress by waiving fees, modifying loans and much more. Iowa has a total of 61,258 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration in 2020. The commitment to help, support and engage with customers during these difficult times has been nothing short of fantastic.  Continuing pandemic concerns now look to Christmas, restricting or even cancelling many traditional festive events—like Clarinda, Iowa’s annual “Santa House."
When CBI Member PCSB Bank heard the news, the team was crushed for the kids and devised a way to provide Virtual Santa visits via its video banking platform (by POPi/o)—now available at no cost to the entire community, via web/mobile app. PCSB is excited to deliver some holiday cheer straight to families’ living rooms and has loved witnessing the joy in the kids’ faces so far! Scheduling your North Pole experience is simple and can be done online here. Happy Holidays!
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