| | NCEL Newsletter | December '24 |
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| | Final 2024 Meeting of the NCEL Advisory Council |
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| | On Wednesday, December 11, the 2024 North Carolina Emerging Leaders Advisory Council gathered in Raleigh for its final meeting of the year. This annual meeting provided an opportunity to reflect on accomplishments, discuss challenges, and set the stage for continued progress toward the NCEL’s vision: to serve as the premier organization that develops and engages emerging bank leaders while strengthening our community. |
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| | | | | Committee heads presented reports detailing the year’s successes and challenges, along with innovative ideas to further advance these goals in 2025. |
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| | The meeting also included the election of the 2025 NCEL Council leadership team. We extend heartfelt thanks to Hillary Kestler (First Bank) for her outstanding stewardship as NCEL Chair in 2024. Her dedication and vision were instrumental in the NCEL’s success this year. | | Please join us in welcoming the newly elected 2025 NCEL Council leadership team: | - Ryan Morgan (North State Bank) – NCEL Chair
- Ingrid Nelson (First Carolina Bank) – NCEL Vice Chair
- Laura Keefer (Southern First) – NCEL Secretary (not pictured)
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| | As we close out the calendar year, we'd also like to express our gratitude to the following council members who concluded their terms in 2024. Thank you for your contributions to the NCEL's growth and success: |
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| | | | Networking Socials: Connecting with NCEL and RMA Peers |
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| | Thank you to everyone who joined us last week for the NCEL/RMA Triangle Chapter networking social in Raleigh! Bankers gathered at Seven Saturdays on Thursday evening for drinks and conversation as they expanded their professional networks with their RMA peers. |
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| | | Looking for more opportunities to get together with your fellow Emerging Leaders? We will be meeting up with our friends from the RMA Charlotte Chapter tomorrow, December 18: |
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| | | | Join our North Carolina Emerging Leaders group at One South on the Plaza for an evening of networking and connection with the RMA Charlotte Chapter! This NCEL/RMA Charlotte Networking Social is the perfect chance to expand your professional network and learn more about these exciting organizations. | | Food and beverages will be provided, so don't miss out! To RSVP today, visit the link below. |
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| | Thoughtful Planning for the Holiday Giving Rush |
ABA Banking Journal |
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| | The holiday season is not just a season of giving gifts to friends and family — for many, it’s also a season of giving philanthropically. With the December 31 deadline for this year’s charitable contributions, donors can feel rushed without the right tools from their advisers that maximize philanthropic effectiveness and tax efficiency. In this environment, donor-advised funds are emerging as a strategic tool for clients who seek tax efficiency alongside philanthropic effectiveness. |
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| | For financial advisers, particularly those in wealth management, donor-advised funds (DAFs) represent an effective way to enhance clients’ tax planning while aligning with their charitable goals. How do DAFs work? Read the full article from Mary Snow in the ABA Banking Journal to find out! |
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| | | Need Credits? Earn SHRM, AAP, APRP, CRCM, CPE and More! |
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| | | Finding the time for crucial professional development can be a challenge. The NCBA can help. As a member of the NCBA, you have access to online training material through our partnered training providers. Find your perfect webinar today! |
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| | | What You Need to Know About Beneficial Ownership and Customer Due Diligence in 2025 | ABA Banking Podcast |
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| | Saved by the bell? Millions of American businesses faced a January 1 deadline to register their beneficial owners with the Financial Crimes Enforcement Network — until a federal judge issued a preliminary injunction earlier this month stopping FinCEN from enforcing the deadline. |
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| | | On the latest episode of the ABA Banking Journal Podcast, ABA experts Heather Trew and Jonathan Blum discuss: | - What bankers and their business clients need to know about the preliminary injunction and its provisions.
- How the preliminary injunction does not affect financial institutions’ customer due diligence requirements — even if businesses are not required to report their beneficial ownership information to FinCEN, banks are still obliged to collect it from clients as part of CDD.
- Potential ramifications for AML/BSA activities if the Corporate Transparency Act that authorized the BOI registry is found to be unconstitutional.
- How this and other cases challenging the BOI registry may shake out, as well as the range of views on Capitol Hill on where to go from here.
- How ABA is engaging with both the current Congress and administration, and will advocate with the next Congress and incoming presidential administration, on these issues.
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| | | Save the Date for the 2025 Carolinas Bank Directors and Executives Summit | March 3-4, 2025 |
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| | | Save the date for the 2025 Carolinas Bank Directors and Executives Summit, a premier event dedicated to helping bank directors and management teams from across the Carolinas stay informed, strategic, and competitive. Hosted by the North Carolina Bankers Association, the North Carolina Commissioner of Banks, the South Carolina Bankers Association, and the South Carolina Commissioner of Banking, this summit provides an unparalleled opportunity to connect with decision-makers shaping the future of banking. |
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| | How Thomas Edison Can Help You Out-Innovate Your
Banking Competitors | ABA Banking Journal |
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| | For more than a century, large traditional banks had all the advantages to become a one-stop shop for every conceivable cradle-to-grave financial services product customer could ever need: broad offerings, decades-long customer relationships, and deep community roots. But fintechs continue to gather market share with clever, sticky and ubiquitous solutions for mortgages, car loans, HELOCs and every other banking product. |
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| | How can traditional banks retain their customers, and quickly create digital user experiences to entice new ones? The key to building game-changing user experiences lies in banks’ abilities to collaborate, innovate, and accelerate the creation of enticing new offerings, presented in a compelling digital manner. | | They need what Thomas Edison called an “invention factory.” To learn what one of history's most prolific inventors has to do with banking, read the full story from Bill Wald in the ABA Banking Journal! |
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| | Save the Date for the 2025 NC School of Banking |
July 21-25, 2025 |
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| | | Make a resolution this year to attend the state's premier state association banking school, the North Carolina School of Banking. Students can expect to spend a full week learning the ins-and-outs of banking from a faculty made up of industry leaders and experts in their fields. Mark your calendars and prepare to join us in Boone on July 21-25, 2025! |
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| | | NCBA Visits College Career Fairs Across North Carolina |
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| | As the holiday season begins, the fall semester comes to a close at colleges and universities across North Carolina, marking the end of a productive season for the NCBA’s Future Bank Leaders Program. From September to November, NCBA Senior Vice President John Sullivan, joined by bank executives, connected with over 400 students at seven career fairs across the state. |
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| | | | | Throughout the season, NCBA visited: | - UNC Pembroke with Lumbee Guaranty Bank CEO Kyle Chavis
- Appalachian State University with First Horizon Bank President Jason Triplett
- North Carolina A&T State University with Southern First Bank SVP Irene Kyere
- Johnson C. Smith University with TD Bank VP & Senior Commercial Relationship Manager Sheldon Osborne
- Shaw University with M&F Bank SVP Soberina Traywick
- Campbell University with First National Bank SVP Christopher Edwards
- Livingstone College
| | These visits provided valuable opportunities for students to learn about careers in banking while allowing industry leaders to meet and inspire the next generation of talent. |
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| | | | | The NCBA looks forward to continuing its efforts to engage with students and cultivate future leaders in banking! |
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| | | 2025 NCBA/OBL Annual Convention | June 23-26, 2025 |
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| | | The North Carolina Bankers Association and the Ohio Bankers League are excited to announce a partnership for the 2025 Annual Convention. Mark your calendars and join us next summer as we come “Together at the Homestead” on June 23 – 26, 2025, at the Omni Homestead Resort in Hot Springs, Virginia. |
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| | | | | NC Bankers Association | 3601 Haworth Drive | Raleigh | NC | 27609 | US |
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