Academic journal article ABA Banking Journal

Funding the Future of the Financial Industry

Academic journal article ABA Banking Journal

Funding the Future of the Financial Industry

Article excerpt

BANKER MIKE PATE is a longtime public servant with a passion for industry advocacy. As an elected member of his local school board, he understands the ins and outs of political campaigning. And as a banker for more than four decades, he has been closely involved with the Nebraska Bankers Association, serving as a member of the BankPac committee, grassroots committee and, most recently, as NBA's past chairman.

When asked why he feels advocacy is so crucial at this moment in time, the president and CEO of United Republic Bank in Omaha, Neb., responds that the reason is two-fold. "First and foremost, we're burdened with so much regulation and in order for our banking model to be sustainable well into the future, we've got to win some regulatory relief. The only way we're going to do that is through grassroots efforts involving our employees and even our customers," he says. "The second reason is that if this is our chosen profession and an occupation that's been good to us as a career, we need to give back by being active in advocacy."

As someone who has been involved with multiple political campaigns throughout his tenure in banking, Pate understands that dollars make a difference. "Politics often becomes a money game," he acknowledges. "We all have our interests at stake--we need to protect them. It's becoming increasingly necessary to contribute to campaigns that promote good, solid business policies, and banking policies that promote good principles and fewer burdensome regulations."

That's why it's important for bankers to contribute to BankPac and the Fund for Economic Growth, in addition to being involved with grassroots functions, he says.

At United Republic, Pate runs a BankPac staff drive each year and strongly encourages his eligible employees to give. …

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