Introducing IBAA's New Officers for 1998-99

Independent Banker, April 1998 | Go to article overview

Introducing IBAA's New Officers for 1998-99


IBAA members elected a new slate of executive officers last month at the 1998 National Convention and Techworld in Honolulu, Hawaii. These bankers, who will lead IBAA during the upcoming year, represent distinct communities throughout America. Some live and work where agriculture is the main industry. Others come from areas where small businesses employ most of their neighbors and friends.

Along with various professional achievements, each has demonstrated a long-term commitment to community banking. We congratulate them on their selection to IBAA's top leadership positions, and we look forward to an exciting and productive year under their direction.

IBAA PRESIDENT William McQuillan Greeley, Neb.

highly regarded agricultural banker, Bill McQuillan believes community bankers must quickly address growing capital disintermediation in many of their communities. In many cases, the bank funding problem has its roots in aging rural customers' deposit wealth being transferred to their relatives in urban areas.

As IBAA's president, McQuillan plans to continue IBAA's efforts to supplement rural bankers' lendable funds with wholesale funding sources tied to the capital markets.I The primary sources for funding would be access to Farm Credit Bank advances and an enhanced availability of funding from the Federal Home Loan Bank so all rural community banks would be allowed to borrow and pledge agricultural real estate loans as collateral.

McQuillan, who serves as the chairman of the IBAA, ABA and ACB Credit Union Coordinating Committee, the banking industry's panel on credit union issues, also wants to make taxpayers and the Congress more aware of the unfair competition banks face from credit unions that do not comply with their legal single common bond.

"We're not after the majority of credit unions," he notes. "We're after large credit union conglomerates that are stepping outside their proper authority, abusing the law and receiving a huge tax subsidy each year, compliments of the American taxpayer."

Making more bankers aware of the need to adapt tO the "electronic information highway" is another objective McQuillan hopes to achieve. His own bank serves as an Internet service provider that supplies his community and county with access to the Internet through a local telephone change. He is also a leader in developing home-based jobs in his rural community of 600 people through Internet connections. McQuillan is the president and CEO of City National Bank in Greeley, Neb. The bank holds $17.2 million in assets and works hard to serve agriculture, its community's main industry.

McQuillan also is finishing out a second three-year term on the Board of the Federal Reserve Bank of Kansas City and serves as ee president of the Greeley Chamber of Commerce and vice president of the local development corporation.

Active with the IBAA for the past 15 years, McQuillan is former president of the Nebraska Independent Bankers Association. He still serves on the organization's board of directors. His IBAA leadership positions include service as adirector, a chairman of the Agriculture-Rural America Committee and a member of the Policy Development and Long Term Planning committees. Robert N. Barsness Prior Lake, Minn. Bob Barsness says he is eager to communicate the community banking story on the national level, particularly the important economic assistance community banks provide for their customers and communities. "No one's going to tell it for us," he offers, "so we have to get that message out ourselves."

Barsness says one of the biggest challenges for community banks is preparing for rigorous competition with big banks, security firms and others trying to steal their business. Offering a full range of financial services will provide the best defense in that struggle, he says.

A former U.S. Marine officer who served in Vietnam, Barsness is the president of Prior Lake State Bank in Prior Lake, Minn. …

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