Magazine article American Banker

Technology Expo Gives a Glimpse of Future to Small-Town Bankers

Magazine article American Banker

Technology Expo Gives a Glimpse of Future to Small-Town Bankers

Article excerpt

MINNEAPOLIS -- More than 2,000 community bankers from small midwestern towns took a walk in time.

They met at the Minneapolis Convention Center to see the community bank of the future, a 6,000 square-foot working model. It featured a modular vault with stainless steel fixtures for easy maintenance; an executive conference room equipped with a boardroom table that can easily be divided into individual workstations; and a video conferencing system that allows officers to hold meetings with people outside the bank.

The cost: about $1 million.

The Independent Community Bankers of Minnesota, which sponsored the event- known as Futurebank '94 - billed it as the largest technology equipment exhibition ever held by and for community bankers. In all, about 130 vendors showed up last week - along with 2,200 bankers representing 600 institutions. Most of the bankers were from rural areas.

Chance to Catch Up

Bankers who artended the exposition said it was a good opportunity to catch up on the latest technology.

Vendors "don't come to small towns," said Gary Bakko, president of $37 million-asset Security State Bank of Wanamingo, which is based in a Minnesota town of 850 people.

"It was an opportunity to get all of the vendors in one spot at one time without having to split your time," between seminars, added David Nosbisch, president of $34 million-asset Durand State Bank in Illinois.

Randal Burns, president of Enterprise Bank in Omaha, came to find information the latest data processing technology. …

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