holiday inn & convention center, sheridan-wy.ming june 16 … · 2018-04-03 · june 16-17,2014...

June 16-17, 2014 — Holiday Inn &Convention Center, Sheridan-Wy.ming

GreggJones Elected President of the WBAGregg Jones, has been elected to serve as President of the WyomingBankers Association for the next year.Gregg was born in 1956 and is a fourth generation Wyomingite. Hegraduated from Torrington High School in 1974, and went on to graduatefrom the University of Wyoming in 1978. From 1979-1989, he worked atConverse County Bank in Douglas as a lender, auditor and operationsofficer. Gregg went on to work at Citizens National Bank as a

commercial/agricultural lender from 1989-1993. In 1993, he moved to Craig, CO, where he became thePresident of First Security Bank until 1997, when he moved to Cheyenne, WY, and became the RegionalSenior Credit Officer for the Wyoming Region for American National Bank. In 2005, he left to become oneof the original founders of Jonah Bank of Wyoming, where he continues to work today.Gregg’s community service extends to numerous community boards and organizations, including hischurch, the Cheyenne Chamber, United Way, Wyoming Bankers Association, Wyoming 2-1-1, K-9s forMobility, Downtown Development Authority, Boys and Girls Club, the YMCA, and others.Gregg and his wife Dorrie have 3 children, Tara, Hilary and Chase, and 2 grandchildren, Aria and Layla.

(Zd)GreggJones,EVP&BranchPresident ofJonah Bank inCheyenne presents Scott Estep,President Wyoming Community

j Bank, Riverton andoutgoing WBA Presidentwith a plaque recognwinghim for his year of service tothe WBA.

Other ,eutiv Committz RlRetion ineludd William“a3iII” ‘11upprt, Rgionnl PridRnt, f’irt lntRrttRI3nk, Cpczr letd lt Vie ridgnt; nrq rum, Prø’idnt & CeO, Wgoming tntR i3nnk,hrnmi glctd 2nd View ridnt; nd cott tgp, Prgidnt, Wgoming Communitg J3nk,RivRrton nt?, ImmRdinf Pt rgidnt.

Tho løetd to th j3ord of irgetor for thr gr term ineludg: tig 11llingbgR, Chgnngj3nk, Chgnng; Fn Wright, j3ig horn 1dgr& ving i3nk, rgbull; nd Roger WgnRr,

‘Hilltop Ntionnl l3nk, Cpr.

I )‘ Published by WBA, 200 East 8th Avenue, Suite 201, Cheyenne, WY 82001, (307)638-5008

2014 Wyoming Bankers Conventian

Bdow) Scott Estep presents GreggJones with the gavel signifying the officeof the President of the Wyoming

ers Association.—

2014 WyomIng Bankers ConventionJune 16.17 2014—Holiday inn & Convention Center— Sheridan WY

(Rh)WBA Boardof Directorsmeeting heidJune I15th.

(LdI) Speaker Panei Askan Attorney: No HourlyRate. Presenters includedJim Bekher TennysonGrebenar and Matt Kim.Miller.

a?W’Dr.Fsmael Adilñgives the U.S.EconomicOutlook.

cli) W’iy Wait?Rob Quillen,inspirationalspeaker presented apowerful messagefollowing dinner.

(Rjghs) Bankerstalk business!

.

Abig”ThankYou”to all of the participating Exhibitors &Sponsors.

(RigWI t Forkuer, WyomujDivision of BinkingCommissioner has a WyomingCommunity Banking Toi HallDiscussion during the BusinessSession.

(Righ)John Buhrmaster, ICBAChairman, speaks to the bankersat the WRA Annual Meeting.

(RigI4) Scott Estep,WBA Presidentkicks off the 2014Wyoming BankersConventionBusiness SessiononJune 16th.

4bon)Wes Brown with StCharles Capital presents “NowWhat; Buy, Sell, or InternalGrowth?”

(Above) Dominic Maria andJerry Gebbait with Central States ofOmaha pose for a picture while exhibiting at the 2014 WYBankers Convention. Jeny announced that he is retiring thisyear. He will be certainly missed by all. F

.Jews Briefs From Washington

House Passes blortgageReform Bill to Clarify QM

The House has approved H.R. 3211,which would clarifr the QualifiedMortgage points and fees test to excludelender-paid compensation to a bank in awholesale transaction. Inclusion of thispayment, as required under current law,can cause a loan to exceed the 3 percentcap on points and fees, while a loan withthe same interest rate and out-of-pocketcosts made by a retail lender would not.

SBA to Streamline Processfor Loans Under $350K

The Small Business Administration (SBA)next month will ease lending requirements for SBA-backed loans of $350,000or less. Specifically, the agency will allowbanks to use the SBA’s new total creditscore model instead of performinganalysis of cash flow. The SBA’s newmodel combines an entrepreneur’spersonal and business credit score.

“Our loan documentation is too complexand labor-intensive, forcing banks to hirespecialized staff or contract it out—orwalk away from the loan,” said SBAAdministrator Maria Contreras-Sweet.“We cannot afford to lose these partnersand turn job creators away.”

Meanwhile, the SBA is launching a newlending platform called SBA One that willautomate document uploads and formgeneration and allow electronicsignatures.

Read more at www.sba.gov/content/entrepreneurial-equality-new-

Obama Announces Executive Orderto Reduce Student Loan Burden

President Obama has announced executive actions to reducestudent loan burden, capping payments at 10 percent ofmonthly income for federal borrowers and providingadditional relief for student borrowers. Obama ordered theEducation Department to implement the 10 percent paymentcap for direct student loans by December 2015. He alsoinstructed the Treasury and Education Departments toimprove incentives for federal student loan servicers to improveperformance, reduce active-duty military rates withoutadditional paperwork, communicate repayment optionsthrough the tax filing process and personal finance software,improve outreach to vulnerable borrowers, and provide bettercounseling to potential borrowers and their families. Readmore at www. whitehouse.gov/the-p ress-offlce/201 4/06/09/factsheet-making-stident-loans-more-affordable.

Average Bank Regulator Earns NearlyThree Times Average Bank Employee

Average salaries for all employees at the 0CC, FDIC, and CFPBexceeded $190,000 in 2012 while the average salary for a bankemployee that year was $49,540, stated Paul Kupiec, residentscholar at the American Enterprise Institute, in a recent WallStreet Journal editorial. The gap between regulators and thosethey regulate is worsening. “Before the Dodd-Frank Act, theaverage employee of a federal bank regulatory agency received2.3 times the average compensation of a private banker,”Kupiec wrote. “By 2013 this ratio increased to more than 2.7—and in some cases considerably more.” Kupiec points out thatthese numbers aren’t just skewed by a few high wage earners,but that wages at all levels are bloated. “At the 0CC, secretariesmake on average $79,182 per annum,” he reveals. “Humanresources management trainees at the CFPB make $110,759 ayear.” In fact, he says, “fewer than 7 percent of employees inany of these regulatory agencies earned less than $50,000.”

The direct cost of banking regulation would be cut in half if theaverage regulatory agencies’ wages were in line with theindustry they regulated. Read the article at http://onhine.wsj.com/news/articles/SB1 0001424052702304311204579507512375765276?KEYWORDS=regulators+salaries&m—reno64-wsi.tooLc-more-inclusive-sba.

News Source: American Bankers Association

News Briefs From Washington

House Votes to Bar Funding forChoke Point, Disparate ImpactLitigation

The House last week, during consideration of anappropriations bill to fund the Justice Department,approved by voice vote an amendment thatprevents the department from spending any fundsto carry out Operation Choke Point—the JusticeDepartment’s initiative to cut off financial servicesto businesses it deems risky or objectionable.

Under the auspices of Choke Point, the JusticeDepartment has opened investigations into 10banks and processing companies and issued morethan 50 subpoenas to banks, according to a recentHouse Oversight and Government ReformCommittee report.

The House also approved, by a 2 16-190 vote, anamendment that would prohibit the JusticeDepartment from using funds for litigation inwhich it seeks to prove illegal discrimination basedon the “disparate impact” theory. Prior to the vote,ABA, ICBA, CUNA, and other trade groups wroteto House members urging their support for theamendment.

“Under the disparate impact theory, even when alender takes every step to prevent discriminationand treats all consumers fairly and equally, aneutral policy can serve as a basis for very seriousand harmful claims in the absence of intentionaldiscrimination,” the trade groups wrote. “Smallerlenders, in particular, will fiiid it difficult tomanage this type of litigation risk,” they said. “Leftunchecked, disparate impact enforcement couldincrease the cost and undermine the availability ofcredit throughout the economy.”Read the letter at www.aba.com/Advocacv/LetterstoCo,zgress/Docu,nentslJoiiztLetteron

Download Data BreachCommunications Kit

fl Data security communicationsmaterials are now available from the

ABA as a single resource. The Data BreachCommunications Kit includes backgroundinformation, talking points, and sample press andsocial media pieces banks can use to informcustomers, the media, and others about databreaches and related security issues. Some pieces asspecific to the Target data breach, while others aremore general. Read more and download the kit at:

www.aba.coin/Issues!IndesIPaes/IssnesDataSecurity.aspx.

Agencies to Review Unnecessary Regs

The Federal Reserve, FDIC, and 0CC haverequested comments on bank regulations that areoutdated, unnecessary, or burdensome. The review,conducted under the Paperwork Reduction Act, willcover rules on applications and reporting; powersand activities; and international operations.Specifically, the agencies asked that commentsaddress the need for statutory change, changes in theunderlying purpose of the regs, the utility of differentregulatory approaches, effects on competition, theburden of reporting requirements, and effects onbanks by size and charter type, among other issues.Comments are due Sept. 2. Read more athttps:I/www. federa1reister.’ov/articlesI2O14/O6/04/201 4- 12741/reuiatory-publication-and-review-uiider-theeconornic-rowth-aizd-regutatorvpaperworkreduction-act.

DisparatelmpactArnend,nent.pdf

News Source: American Bankers Association

ANYLOSS PRE VENTED IS ADDITIONAL PROFITFOR YOUR BANK

SECURITY OFFICER’S BY-WORDCharles M. Towle

KBS President

CHECKS PAYABLE TO TRUST MUST BEDEPOSITED TO TRUST ACCOUNT

It is important for tellers, as wellas bank officers, to understand thelegal ramifications of trusts, corporations, LLC’s, partnerships, andother businesses. Anytime someone creates one of these legal entities, another “person” is created.Bank employees sometimes treatthis new entity as if it is the sameperson as the person who createdsuch entity. This is a problem thatconstantly plagues banks.

Joe Smith, a farmer, set up aSmith Farm Trust for tax and estate

, planning purposes. He moved allof his farm real estate, farm equipment, and other farm assets to thetrust. His children were eventual

• beneficiaries of the trust upon hisdemise. Joe Smith was the soletrustee and had unlimited power astrustee to transfer assets from thetrust to himself at any time.

A savings account was set up inthe name of the trust. Joe Smith,and his son who helped run thefarm, also had a joint checking account in their own names. Because

L the farm did business under theSmith Farm Trust name, checkswould often be payable to theSmith Farm Trust. Joe Smithwould often make deposits of thechecks payable to the Farm Trust tothe Smiths’ personal joint checkingaccount. Because the bank knewthat Joe Smith had power to withdraw funds from the trust at anytime, the bank allowed him to deposit the checks payable to theFarm Trust to his personal account.

A few years later, Joe Smith became ill and the son continued to

run the farm. He also continued todeposit checks payable to the SmithFarm Trust into the joint personalaccount of Joe Smith and himself.

Three years later Joe Smith died.His other children and their attorney brought to the bank’s attentionthat the bank had, for years, accepted checks payable to the SmithFarm Trust totaling over$800,000.00 which had been deposited to a non-trust personal account of their brother and father.

The bank was thrown into a family feud as the siblings fought overthe trust assets after the father died.The bank was sued because thebank accepted checks payable tothe Farm Trust for deposit into thepersonal account.

The bank could have avoidedbeing drawn into this dispute byrequiring checks payable to thetrust to be deposited only into theaccount of the trust.

One must never forget that theperson who creates or owns an entity has only limited power with regard to that entity. A trustee hasonly specific functions he can do astrustee. A corporate officer is always limited in the functions hecan do on behalf of a corporation.

When the individuals exceedtheir limited authority, a bank thatwas careless will often be left withsignificant liability. Only by reading and understanding the entiretrust agreement can anyone determine the power and limitations of atrustee. Only by reading and understanding the corporate resolutionof the board, which provides spe

cific authority to individuals, doyou know the power and limitationsof a corporate officer.

A bank can reasonably requireappropriate documentation whenopening an account in the name ofa trust, corporation or other business. It can be determined who haspower to write checks on the account. However, it is impossiblefor a teller accepting a check payable to a trust, corporation, or otherbusiness to be able to documentand verify that the presenter hasauthority to cash a check or deposita check to an account in any nameother than the trust, corporation orbusiness name.

Often a person who sets up atrust, corporation, EEC, partnership, or other business understandsthe reasons they desire to set upsuch new “entity,” but does notunderstand all of the ramificationsof creating the entity. When he isthe sole owner of the business orthe sole trustee of a trust, such person often thinks a bank should actas if the person and the entity hecreated are one-and-the-same. Theperson often does not know that abank must require that an accountin the name of the entity be properly opened and checks payable tothe entity can only be properly negotiated by being deposited into theentity account.

All banks should have a requirement that checks payable to a trust,corporation, LLC, partnership, orany other business may only bedeposited into an account in thename of such entity.

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Phone (785) 228-0000P.O. Box 1654, Topeka, Kansas 66601-1654

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Tiered Regulation

By Daniel Tarullo

Rethinking the aims

Editor’s note: The following are excerptsfrom a speech delivered May 8 in Chicago byFederal Reserve Board Gov. Daniel Tarullo.

When I was teaching bankinglaw, I noticed an interesting disconnect in the best casebooks inthe field. An introductory chapteron the history and purposes ofbank regulation suggested thatthe rationales for regulating banksmight vary depending on the size,business model, and affiliations ofa bank. Yet the remaining chapters of the casebooks treated bankregulation as a more or less unitaryendeavor — with prudential rulesapplicable in about the same wayto the activities and affiliations ofall banking organizations.

The reason for this disconnectwas that pre-crisis regulationsreflected what I have termed a unitary approach to banking regulation. The core of banking regulationcould be explained with a relativelysimple narrative. Deposit insurance and access to the DiscountWindow had been granted to de

pository institutionsin order to forestallruns and panics.The resulting moralhazard and the useof insured depositsas a funding sourcefor these institutionsjustified everythingfrom capital requirements to limitations

on banks getting into nonbankingbusinesses.

The financial crisis has confirmed that the pre-crisis regulatory structure reflected a view ofthe financial system that was atonce too broad and too narrow.The prudential regulatory structure was too narrow in that it didnot extend to firms and activitiesoutside of banking organizations,even those that could pose a threatto financial stability.

The turmoil that attended thecollapse of several large nonbankfinancial institutions, and the extraordinary government measuresnecessary to contain that turmoil,changed into a consensus that prudential regulation should safeguardthe financial system as a whole.This perspective was embraced byCongress in the Dodd-Frank Act.

One regulatory innovation inDodd-Frank was the creation ofdifferent categories of banking organizations — largely on the basisof total assets — to which different regulatory requirements areto apply. The Federal Reserve hascreated several categories for bankswith $10 billion or more in assets,with $50 billion in assets, witheither $250 billion in assets or $10billion in foreign assets. Clearly,the unitary approach of the precrisis period has been abandoned.This is an important move in theright direction.

The roughly 5,700 communitybanks constitute 98 percent ofinsured commercial banks in theUnited States, but hold just under20 percent of the assets. Indeed,90 percent of community banksare what supervisors classify as“small” community banks — thosewith less than $1 billion in assets.While these banks will suffer thefallout from systemic problems,they are unlikely to cause suchproblems.

Community bankers often argue they are subject to a rangeof rules and requirements thatare not really necessary given therelevant regulatory aim which isquite straightforward. Smallercommunity banks account fornearly a quarter of commercial andindustrial lending, and nearly 40percent of commercial real estatelending, to small- and medium.sized businesses. This means thatthe disappearance of communitybanks, particularly in rural areas,could augur a permanent fall off inthis kind of credit.

It would be worthwhile to havea policy discussion of statutes thatmight be amended explicitly toexclude community banks. In myview, two candidates would be theVoicker rule and the incentive compensation requirements in section956 of Dodd-Frank. Indeed, relieving both banks and supervisors ofthe need to focus on formal compliance with a range of regulationsless relevant to community bankpractice would free them to focuson the actual problems that mayexist at smaller banks. •

of prudential regulation

8 NW Financial Review JUNE 2014 www.NorthWesternFinancialRevjew corn

How can you improve bank exams?

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Tired of exam surprises?By taking our survey you are providing anonymous feedbackthat will be used to hold regulators to consistent standards.

More than 2000 bankers have already participated.

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fr Take the RFI* survey at www.allbankers.org

OF BA N K F RS A S SOC I AT IONS *RFI = Regulatory Feedback Initiative

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Save the date — Deluxe Exchange 2015

As you may know, Deluxe hosted our Deluxe Exchange client event February 11-12, 2014. Wereceived a lot of positive feedback from attendees. Last month we sent a post-event survey andwhen asked “What did you value most about Deluxe Exchange?” here’s what attendees had tosay:

“Opportunity to hear about all the things / never realized Deluxe was doing.”

“Getting perspective on the industry from the vendor perspective and learning about newproducts.”

“Great content and excellent networking opportunities.”

Deluxe Corporation, our valued partner, will host Deluxe Exchange 2015 at The Phoenician, aLuxury Collection Resort, in Scottsdale, Arizona, February 10-11. Top-tier speakers will offerinsights on critical issues facing the financial services industry. Attendees will also have theopportunity to network with peers and test out the new wave of solutions at the hands-on DesignLab.

97% OF ATTENDEES SAID THE CONFERENCE MET OR EXCEEDED THEIREXPECTATIONS. Make sure you attend Deluxe Exchange 2015, please save the date!

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Learn more by contacting your Local ABA Training Providerlisted below, or ABA at aba.com/training;

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Discounted Banking Supplies NowAvailable through Office Depot!

Wyoming Bankers Association is pleased toannounce an exciting new enhancement toour national buying program through OfficeDepot. Over 75 frequently used bankingsupplies have been added to the deeplydiscounted core list of 300+ items, providingWyoming Bankers Association MemberBanks with cost savings and increasedordering efficiencies. For more informationgo tohttps://odams.offi cedepot. corn/registrations/synergybai.php or contact Office DepotTerritory Development Manager Greg Dolph.See complete contact information below.

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Federal Regulations Take a $i.8 Trillion Bite Out of Economy

Americans spent an estimated $ 1.863 trillion in 2013 to comply with federal regulations, according to arecent report issued by the Competitive Enterprise Institute (eEl), a non-profit public policy organization.The report aims to establish a baseline for the largely unknown “hidden tax” of the U.S. regulatory state,since more than 99 percent of federal regulations are never subjected to cost-benefit analysis.

“When compared to federal spending, the cost of federal regulations was more thanhalf the size of the federal government’s 2013 budget of $3. trillion, and this is part ofwhat is holding back American innovation and wealth creation,” stated CEI Vice-President for Policy Clyde Wayne Crews Jr.

Regulatory costs amount to an average of $14,974 per household-23 percent of theaverage household income of $65,596 and 29 percent of the expenditure budget of

$51,442. This exceeds every item in the household budget except housing-more thanhealth care, food, transportation, entertainment, apparel, services, and savings. Some 63 departments,agencies, and commissions have regulations in the pipeline. In addition, the 2013 Federal Register contains79,311 pages, the fourth highest ever. The top two all-time totals are 81,405 pages in 2010 and 81,247 in2011. Read more at:

1TOMORROW’SFUTUREBEING BUILT

TODAY

IITI uu;AIIr)CC) MM AN AN) N S

http://ceieorg/studies/ten -thousand-commandments-2.

2014 WBA BankPac Isunderway!

BANKPACift LI

BANKERSTom Abernathy - Wyoming Community Bank, RivertonWilliam Anderson - Jonah Bank of Wyoming, CheyenneAnn Anderson - Pinnacle Bank, CodyStephanie Arnold - Bank of Commerce, RawlinsThomas Bass - Wyoming Bank & Trust, CheyenneMatt Behrends - Pinnacle Bank, CheyenneJeff Benson - Bankers Bank of the West, Denver, COKern Blunn - Jonah Bank of Wyoming, CheyenneJennifer Booth - Pinnacle Bank, TorringtonRichard Bratton - Jonah Bank of Wyoming, CasperKermit Brown - Wyoming State Bank, LaramiePaul Brunkhorst - The Bank of Buffalo, BuffaloCary Brim - Jonah Bank of Wyoming, CasperBifi Chandler - Bank of Commerce, RawlinsGary Conatser - Bank of Commerce, RawlinsGary Crum - Wyoming State Bank, LaramieRandall Dancliff - Wyoming State Bank, CheyenneTerry Davin - Deluxe CorporationDarold Destefano - Bank of Sheridan, SheridanKim DeVore - Jonah Bank of Wyoming, CasperCarmen Duncan - Pinnacle Bank, CodyJim Durfee - Sundance State Bank, SundanceTrudy Durfee - Sundance State Bank, SundanceMark Edwards - The Bank of Gillette, GilletteAlisa Engler - Bank of Gillette - GilletteScott Estep - Wyoming Community Bank, LanderFaron Ferguson - Pinnacle Bank, MoorcroftRobert Foster - Wyoming National Bank, RivertonCopper France - Bank of Commerce, RawlinsSherrod France - Bank of Commerce, RawlinsMike Frisbey - Gregon Trail Bank, Guernsey

Michael Fulkerson - Pinnacle Bank, TorringtonJerry Gebhart - First State Bank, WheatlandMichael Geesey - Wyoming Bankers Association, CheyenneKeith Geis - Platte Valley Bank, WheatlandRobert L. Godfrey - Wyoming State Bank, Cheyenne

Gaylene Guth - Torrington, WYJoe Guth - Platte Valley Bank, TorringtonStig Hallingbye - Cheyenne State Bank, CheyenneEric HalIman - ICBAJay Hammond - Lusk State Bank, LuskDavid Hansen - Pinnacle Bank, TorringtonKelly Hayworth - Sundance State Bank, Sundance

Jean Herbert - Bank of Commerce, Rawlins

Steve Hogan - Bankers Bank of the West, Denver, CGJustin Holcomb - First Northern Bank of Wyoming, BuffaloRobert Hunt - Bank of Commerce, RawlinsBifi Huppert - First Interstate Bank, Sheridan

Mark Huston - Wyoming Smart Capital NetworkRod Jensen - Bank of Star Valley, AftonDanelle Johnson - Jonah Bank, CasperMark Johnson - Kansas Bankers SuretyCheryl Johnston - Wyoming Bankers Association, CheyenneGregg Jones - Jonah Bank of Wyoming, CheyenneLeaAnn Jones - Sundance State Bank, Sundance

Craig Kerrigan - Oregon Trail Bank, Cheyenne

Lori Kerrigan - Cheyenne, WYArchie Kirsch - Bank of Commerce, RawlinsTy Krell - Sundance State Bank, SundanceJohn Linton - Wyoming Community Bank, LanderSteve Lovas - U.S. Bank, CheyenneKyle Lynch — America Bankers AssociationCindy Mabie - Jonah Bank of Wyoming, CheyenneBrett Maim - Platte Valley Bank, TorringtonJohn Martin - Jonah Bank of Wyoming, CasperAndrea Matlock - Pinnacle Bank, TorringtonGil McEndree - Pinnacle Bank, WorlandDean McKee - Wyoming Community Bank, LanderDan Moline - Wyoming Community Bank, RivertonBrent Mullock - Pinnacle Bank, TorringtonAnn Nelson - ANB Bank, CheyenneRuby Ogden - Bank of Commerce, RawlinsLinda Parker - The Bank of Gillette, GilletteCortney Parker - Bank of Commerce, RawlinsMary Penland - Bank of Commerce, RawlinsTodd Peterson - Pinnacle Bank, TorringtonJohn Pfeffer - Bank of Commerce, RawlinsJoe Press - Fortner, Bayena, Levku]ich & Garrison PCBritney Reddy - Cheyenne State Bank, CheyenneLorrie Redfield - Sundance State Bank, SundanceRegina Rentfro - Bank of Commerce, RawlinsClifford Root - Wyoming Community Bank, RivertonCharles Ruwart - Oregon Trail Bank, GuernseyOlivia Samson - Cheyenne State Bank, CheyenneMichael Schumacher - Pinnacle Bank, CodyDusty Schutzman - Pinnacle Bank, CodyLeonard Scoleri - Oregon Trail Bank, GuernseyKent Shurtleff - Wyoming Community Bank, RivertonColleen Stratton - Bank of Commerce, RawlinsNedalyn Testolin - Oregon Trail Bank, ChugwaterBill Thompson - Jonah Bank of Wyoming, CasperDuane Toro - Wyoming State Bank, LaramiePam Wallace - Jonah Bank of Wyoming, CheyenneRobin Wallingford - Jonah Bank of Wyoming, CasperDouglas Weedin - Pinnacle Bank, CodyRonald E. Wright - Platte Valley Bank, CasperKen Wright - Big Horn Federal Savings Bank, GreybullThomas Youtz - Wyoming Community Bank, RivertonMark Zaback - Jonah Bank of Wyoming, Casper

The 2014 WBA BankPac campaign is underway. To date 99 individuals from 19 banks & branches have contributed $10,906.00 to the currentcampaign. The following is a list of WBA members and their banks who have contributed as of June 30, 2014.

BankslAssociate Members

ANB Bank - Cheyenne Oregon Trail Bank - Cheyenne, GuernseyBank of Commerce - Rawlins Pinnacle Bank - Torrington, Cody, Moorcroft,Big Horn Federal Saving Bank - Greybull Worland, CasperBuffalo Federal Saving Bank — Buffalo, Platte Valley Bank — Wheatland, Casper,

Sheridan, Gillette TorringtonCheyenne State Bank - Cheyenne Sundance State Bank - SundanceFirst Interstate Bank - Sheridan The Bank of Star Valley - AftonFirst Northem Bank of Wyoming — U.S. Bank - Cheyenne

Buffalo Wyoming Bank & Trust - CheyenneFirst State Bank - Wheatland Wyoming Bankers Association - CheyenneJonah Bank of Wyoming - Cheyenne, Wyoming Community- Bank— Riverton

Casper Wyoming State Bank - Cheyenne, LaramieLusk State Bank - Lusk

WBA Bank Pac is the nonpartisan political ochon cosemitteeot the Wyoaning Bankers Asnociation. Al contdbotions are valuttary. Absolutely teform of coercion may be used to selidt a costdbut,on. No amployee will be facored, disadvantaged, o, retaliated againstbooed on their cont,ibotion aenoonf or thni, deasion not to contribute. A suggosted contribution a only a soggeotion. Corporoto contribstiono are prohibited. Contributions to WBA BotkPac oro not dndoctibln nor statn o, federal income tan purposes. Pndnnal Lowrnquiren political action committoon to obtain written oothorinatiot to noliat and to onn bnst nffonts to report tha eamn, mailing oddross, occopation, and name on employnr for each indicidoal whose ctntnibotionn aggregate an access of $200 in its calandor year.Statn law reqoires political action cowmitteen to ose boot niforto to roporttha nasna, mailing address, occupation, and namn of omploym fo, each iadividoal whosn contributions aggregate an accost of $100 bt a recnnting pohod.

li-tE WYOMiNG BANKERShare your news with the Wyoming Bankers Association

Whenever your financial institution has a newsworthy event such as a promotion or appointment, a retirement, an anniversary celeb ration, a branchopening, a community contribution, or any other item of interest, we want to hear from you. Complete the form below and return it to the WBA, or send

usa press or news clipping. Your item will be published in the next issue of The Wyoming Banker.

Name

Institution

Phone

Here’s our story: (Must be typed)

Mail, fax, or email your news items to:The Wyoming Banker Editor

Wyoming Bankers Association, PC Box 2190, Cheyenne, WY 82003Phone: 307-638-5008 * Fax: 307-638-5013 * Email: [email protected]

Wyoming BnkersAssn. )uly 2014

NEWSPAPER CliPPINGSClick on the headline to read full article

• Butchart Comes Home to BHFRocky Mountain Bank Welcomes

4’ Wyoming Community Bank Welcomes4 Platte Valley Bank Welcomes4’ First Federal Savings Bank Says Good-Bye• Richard Cummings

Big Horn Federal Expands Its Presence in Powell• Cashing In• Wyoming State Bank Buys Bank of the West Building• 1st Bank Feeds Community, Honors Heroes• Bank Event Honors Local Heroes• Business Briefs• Two Community Banks Join As One• Kelso Kelly, Officers to Join ANB Bank• Spotlighting Mental Health All Month• Local Heroes Celebrated• Private Money Boosts Federal Public Lands Program• CattleFax Predicts Profitability At Banker’ s Conference

WY0035 Independent Record

ounty: Hot Springs

VopL

I!--‘I

i.

Butchart comes home to BHFAfter years of commuting be- She worked at Bank of Wyo- and banking services, overseeing

tween Thermopolis and Buffalo, mingfor 28 years — the latter por- operations and customer service.Vivian Butchart is happy to be tion as vice president and cashier “I think the people of Therhome for good. — before being let go in July 2009 mopolis can expect the good cus

Butchart earlier this month after Central Bank & Trust took tomer service they’ve received inbecame branch manager of Big over. She then worked in account- the past,” Butchart said. “That’sHorn Federal in Thermopolis. ingatKoerwitz, Michel, Wright& high on my list.”The Big Horn Basin native has AssociatesbeforeheadingtoSum- The two-hour-plus drive be-been employed in banking for 31 mit National Bank in Ilulett as tween Thermop andBuffalo, how-years, most recently at Buffalo an operations manager and then ever, is not.Federal Savings Bank, where to Buffalo Federal Savings Bank. “The mountain is beautiflul,”she worked during the week and AtBig Horn Federal, Butchart she said, “but I won’t miss drivtraveled back to Thermopolis Ofl said she’d be in charge of lending rng over it.”

weekends.

Vivian Butchart

X NEWZ

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GROUP Title:

Ni’.VSPA PI:.H

V — i ii

Publication Date: 06/19/2014 Page Number: 3

Author:

Size:

Butchart comes home to BHF

20.30 square inch

Thermopolis, VVY Circulation: 2170

51 075_06-1 9_3001 .pdfBack to Previous Page

Sublette ExaminerWY0035

NEWZTitle:

bJl4W PA l’[:.H


Rocky Mountain Bank

Author:

Size: 39.52 square inch

Pinedale, NY Circulation: 2375

County: Sublette

Pinedale Customer Service Manager

Tera joined Rocky Mountain Bank in 2009. As Customer Service Managerjera willcontinue to manage the teller line s well as all new and current customer accounts.

Tera and her husband josh are successful local business owners and have been for over15 years. Tera knows firsthand the importance of providing friendly, exceptional customerservice and the positive outcome it achieves,

Thank you,Tera,for your dedication to Rocky Mountain Bank, your fellow colleagues andto the Pinedale and Sublette County communities.

CHECKING & SAVINGS • WEALTH MANAGEMENTPERSONAL RESIDENTIAL & COMMERCIAL LOANS

145 E. Pine Street, Pinedale • 307-367-7600 Memberwww.RockyMountainBank.com FDIC

IlfiNki

Tera Adams

51 070_06-24_2002.pdf Back to Previous Page

WY0035

NF.WPA PI:.H

Lander JournalPublication Date: 05/25/2014 Page Number: 14

WYOMING COMMUNITY BANK

County: Fremont

Author:


Lander, WY Circulation: 4404

51 072_05-25_1 4001 .pdf Back to Previous Page

IJIiXl ‘

Platte Valley Bank

Author:


Newcastle, WY Circulation: 2500

County: Weston

WY0035

?sX NEWZTitle:

I

N[.PA l’k.H

News Letter JournalPublication Date: 06/05/2014 Page Number: 9

I

Welcome...Chairman/PicsidenlJCEO Hod Kosman, along with the Associatesand Board of Dhectors at Platte Valley Companies, would like towelcome Justin Mills to Platte Valley Bank - Wyoming.

Justin will be working closely with Keith Gels, President ofPlatte Valley Bank - Whcatland, to serve customers in and aroundthe Newcastle, Wyoming area with all of their Agricultural andCommercial lending needs.

Platte Valley Bank and Justin understand that your ag operation isyour family’s life, There is no such thing as evenings, weekends,or holidays off. What you do feeds many and makes ourcommunities stronger.

Our cusiomer service speaks for itself, doing what is necessaryto get the job done for you, our customer. You can count onPlatte Valley Bank, the community bank foryou?

Contact Justin today at (307)949-0323 or by emailing

jmillsc4pvbank.com to see how he can assist you.

Platte Valley Bank

Justin MillsLender

Thrringt.on . Wheatiand a Casper. Cheyennewww.pvbank..com

“At loans subject to credit approval, certain restrictions may apply. FPIE

51 061_06-05_9001 .pdfBack to Previous Page

rn

ALMAHM

*- _n<a

;

County: Sheridan

WY0035

NEWZ

NF.WS PA P1k

Sheridan PressPublication Date: 06/02/2014 Page Number: 5

Author:

Size:

FIRST FEDERAL Savings Bank

28.52 square inchLii LDI Sheridan, WY Circulation: 5750

ra1FIRST FEDERAL‘Savtngs Batik

The thwntc.wn lobby iccation of First Fodral Savings Bankwill be closed Tuesday from 10:15 am. to 1:30 p.m. soempioes may attend the funesal services of MargaretGibson, Vice President

Margaret. a 37-’?ar bank employee, was a graduate ofSheridan High School and the University of Wyoming.Margaret began working iii the bank’s accounting divisionin 1977 as a bookkeeper ard worked hard to receivesevern! promotions, ending her banking career as Ihebank’s conrafrer arid accounting siipervcx. She wasrespected as a try dedicated and Ic’at co-worker.Margaret received several oulslar4linQ ratks from federal

regulators

and exlernal a,ditors [or her accounting work.‘41 AIcr ‘ft 1.11. CJ USON She will be greally missed by the board ot directors and her

icr l’r’ultii I. Atr4nititrnp bank family.

Ii f,cn nit dat :111;! ‘Jic in nit.,

?icrit: it as tonic, ll,’n at: ‘9’.’!; fr,1 )irr no n/ic ?ti I il uik. nn.i ii jii,h a, ,iir

prrit ii i/. ii II. Ii /icrc nw I hi I lflq. Intl ,tt tfi< H opt ,j.:in i iqicr tilt’ cii i.) Cnn c. iiIi,r.: ii i hi I , ‘nt ‘

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44

— — —— ..aa’riR_w.ran.. —— —

5101 5_06-02_5003.pdfBack to Previous Page

Obituaries:

sity of Wyoming, graduat- eye. Dick devoted countlessing in 1958 with a degree in hours to his grandchildren’sAgricultural Economics. He activities and was their big-was a member of the Farm gest fan.House fraternity. After Dick is survived by his wifegraduating Dick served in of 53 years, Barb. He alsothe U.S. Army with service leaves behind his two daughin Germany. He was honor- ters; Karen Gallagher andably discharged in 1960. her husband Bill of Pierre

Dick married Barbara No- and Diane Houdek of Highlin on September 11, 1960, more and her husband Robin Bondurant, Iowa. Their of Spearfish. Dick is also surmarriage was blessed with vived by his beloved grand-two daughters, Karen and children: grandson JordanDiane. Richard Houdek of Yankton,

Dick earned his Master of and granddaughters RachelScience degree from Univer- Houdek of Highmore, and Resity of Wyoming in 1962. He pursued an nee Gallagher of Pierre.advanced degree at the University of Mis- Survivors also include sisters Darlenesouri and the State University of New York (Don) Matthesen, Spearfish; Pauline (Darat Albany. Dick taught Ag classes at East- rell) Headley, Whitewood; sister-in-law Shirem Wyoming College in Torrington from ley Cummings, Devils Tower, WY; brother-1962 to 1965, when the family moved to in-law Jack (Sue) Noun, Bondurant, IA;Spearfish. Dick taught Economics at Black and nieces and nephews. Preceding him inHills State University for over 30 years. He death were his parents and brother, Charlesalso served as the Rodeo Club advisor for Cummings.more than 20 years. Dick was the first in- Services will be held at 10 a.m., Friday,ductee into the BHSU Rodeo Hall of fame May 23 at the United Church of Christ inin 2011. Spearfish. Burial will follow at Rose Hill

Dick spent his summers and many week- Cemetery.ends ranching and farming in Wyoming A memorial has been established to Hosnear Devils Tower and at the Bear Lodge pice of the Northern Hills.Ranch. He was a charter member and owner Arrangements are under the care of Fiof Mountain Plains Bank which has evolved dler-Tsburg Funeral Chapels and Cremainto First Interstate Bank. tory Service of Spearfish.

WY’0035

C NEWZ

NKVSPA P[:.I

Sundance TimesPublication Date: 05/22/2014 Page Number: 2

Richard Cummings

Author:


1 Sundance, WY Circulation: 1800

Richard CummingsRichard (Dick) Cummings, 76 of Spearfish,

South Dakota, died Sunday, May 18, 2014,at home.

Dick was born September 9, 1937, inEkalaka, Montana, to Paul and Gladys(Johnson) Cummings. Dick grew up on thefamily’s Bear Lodge Ranch in northeast Wyoming. He graduated from Sundance HighSchool in 1954.

Dick attended the Univer

Dick was a 50-year member of The GrandLodge A.F. & A.M. of Wyoming and a member of the United Church of Christ.

After their retirements in 1995, Dickand Barb traveled extensively, spendingwinters in Arizona and Texas and pursuing their passion of fishing by traveling toAlaska several times. Dick also spent many

summer days on the Missouri River fishing for wall-

County: Crook

51 073_05-22_2001 .pdf Back to Previous Page

_

i•ii

Big Horn Federal expands its presence in Powellby nathan oster

Big Horn Federal is expandingits presence in Powell.

The bank has purchased thebuilding and property previouslyowned by Bank of the West at 105E. Second St. and will relocatethere later this year, according toa report in the Powell Tribune.

Big Horn Federal has had abranch in Powell since the late1970s, making it the second oldestbank in the system. The bankhas been operating out of a 1,500square foot facility. By movingto the former Bank of the Westbuilding, Big Horn Federal willhave about six times the officespace, according to John Coyne

III, president and CEO of BigHorn Federal Savings Banks.

“What it’s giving us is afootprint that lines up withthe true scope and size of the

institution,” said Coyne, notingthat Big Horn Federal is the 10th

largest domiciled bank among the36 banking systems that operate

in Wyoming. “No other bank hasmore branch offices than us inthe state of Wyoming,” he said.There are six in all: Powell, Cody,Greybull, Worland, Lovell andThermopolis.

Tn an interview with the PowellTribune, Coyne said “With the

All six of Big Horn Federal’semployees in Powell will beretained, and with a larger facility,more may be added in the future,according to comments attributedto Larry Larson, the Powellbranch manager, that appeared inthe Powell Tribune.

The acquisition was the nextstep in a multi-phase bankinitiative to provide expert staff,the latest in banking technology,

and quality services and facilitiesto the communities of the BigHorn Basin served by Big HornFederal.

Big Horn Federal is a full-service financial institutionoffering checking accounts,consumer loans, debit cards,

An artist’s rendering shows what thenew Big Horn Federal will look like inPowell.

County: Big Horn

W’OO35

‘Mf NEWZ

SPA pk.H

Greybull StandardPublication Date: 06/12/2014 Page Number: 3

Author:

- Size:

Big Horn Federal expands its presence in Powell

by nathan oster

37.97 square inch

• Greybull, WY Circulation: 1390

continued and expanding support wire services, safe depositof Big Horn Federal in Powell, accounts, and a host of otherwe chose to make a long term related financial products. Itinvestment in the community also provides insurance coverageand our customer base,” adding, under the name Ram’s Head“We certainly believe in Powell. Financial Services.That’s why we’re making this Coyne said a contractor hasinvestment.” been chosen to convert the Bank of

the West building into a Big HornFederal. Jim’s Building Serviceof Powell will be remodeling theinterior and exterior of the facility.

“It should look like a brandnew bank when all is said anddone,” said Coyne.

Construction is expected tobegin later this month.

Big Horn Federal hopes to beoperational in the building bySeptember or October.

SUBMVfTED

51 039_06-12_3001 .pdfBack to Previous Page

WY0035 Guernsey GazetteNEWZ

I

PA PI.H

Cashing in...

Dave and Winnie Prewitt accept a check from Oregon Trail Bank President Leonard Scoleri as the winners of the drawing for the bank’s 50th anniversarycelebration a week ago.The Prewitt’s won $215.28, the interest on one million dollars for the month of May.

Additonal prize winners were Ada Pulos--$50 VISAgift card and Bev Spungin—$50 savings account.

County: Platte


Author:

Size:

I IIIhTeIlH4t

Cashing in...

17.67 square inch

I Guernsey, WY Circulation: 500

‘Iicki Hood/Gazette

51 041_06-10_1 001 .pdfBack to Previous Page

Telegram

i1.jjj—

By Crystal R. Albersca1bers@torringtonte1egrarn corn

Staffwriter

TORRINGTON -

The empty Bank of theWest building on East AStreet has a new owner.

Christine Trumbull,vice president and compliance officer of Wyoming State Bank out ofLaramie, confinned lastweek that Wyoming

State Bank had purchased the vacant Bankof the West building.

The Torringtonbranch of Bank of theWest officially closedits doors Jan. 17 ofthis year followingthe result of an extensive review of branchusage trends.

Gary Crum, president and CEO of Wyoming State Bank, was

unavailable for comment. Plans for thebuilding are unclear atthis time.

Wyoming State Bankwas established Sept.11, 2006 and is locallyowned, with the mainbank located in Lammie and two brancheslocated in Cheyenne.

According to www.bestcashcow. corn,an online bank rate

comparison site, asof March 31 of thisyear, Wyoming StateBank had assets ofmore than $147 million, loans of approximately $95 million,and deposits of nearlyS129 million.

Further information on the purchasewill be published as itbecomes available.

County: Goshen Back to Previous Page

WY0035

‘—1 NEWZ1GROUPS Title:

‘JISPA Pk.H


I

Wyoming State Bank buys Bank of the West building

Author: By Crystal R. Albers calberstorringtontelegram.com Staff writer


Torrington, WY Circulation: 2750

Wyoming State Bank buysBank of the West building

51 077_06-1 8_7003.pdf

1 st Bank feedscommunity,honors heroesEVANSTON — Heroes were honored andmembers of the community were fed lastFriday, June 13, as 1st Bank held an open-house barbecue, honoring firefighters, lawenforcement and the like.

Division president Doug Nissen saidthe bank holds similar events three or fourtimes throughout the year. The last one wasto honor the Humane Society and those whowork with animals.

Kevin Kallas loads up some cheeseburgers forVanessa Weekly to take inside 1st Bank, wheremany community members gathered last weekfor a free lunch. Also pictured is Erika George.(HERALD PHOTOIBryon Glathar)

County: Uinta Back to Previous Page

Wy’0035

NEWZ

NIA PI:.K

Uinta County HeraldPublication Date: 06/20/2014 Page Number: 21

Author:

Size:

1st Bank feeds community, honors heroes

41.85 square inch

Evanston, WY Circulation: 3200

51 033_06-20_21001 .pdf

WY0035 Kemmerer Gazette

tl IIhTejJH4

I

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Ii-

Bank event honors local heroesCommunity enjoysfood and festivitiesat 1st Bank eventBY JACK HOLTGazette Associate EditorKEMMERER — At an eventheld in the 1st Bank parkinglot on Friday, June 13, 1stBank honored community heroes. ‘[‘hose honored includedlocal EMS, fire and policepersonnel.

Kids were treated to inflatable games and were able tosit behind the wheel of emer

gency vehicles. They werealso able to use the sirens andturn on the lights.

There was a dunk tank forthose who wanted to soak1st Bank personnel and thosewho bought tickets for thegame spent their time dunking personnel throw after

throw.There was also a chance to

win a new gas grill with Diamondville police officer ChazDenbow winning the grill.

Everyone was treated toa free barbecued hot dog,popcorn and snow cones. Thebank raised $201 dollars forthe veterans wall project andthose proceeds were given toSouth Lincoln Cemetery.

The event lasted from 11a.m. until 2 p.m.

County: Lincoln

F GROUP Title:

NF.WSPA Ph:.H


I

Bank event honors local heroes

Author: BY JACK HOLT Gazette Associate Editor


Kemmerer, WY Circulation: 1650

1st Bank held an event honoring local heroes on Friday,June 13. (GAZEJTE PHOTO/Jack Holt)

51 047_06-1 9_I 003.pdfBack to Previous Page

_____________

Casper JournalNENVZ Publication Date: 05/14/2014 Page Number: 3

UP Title: Wells Fargo supports Habitat For Humanity

Author:

County: Natrona

51 025_05-14_3003.pdf


Casper, VVY Circulation: 2300

Business BriefsWells Fargo supportsHabitat For Humanity

Habitat for Humanity,the Heart of Wyoming, received $5,000 from WellsFargo in support of the organization’s 30th affordablehousing project. The grantis designated to the “H”Street housing project forthe Jolene Lucero family.

Wells Fargo supports thecreation ofsustainablehome-ownership opportunities forlow- to moderate-incomepeople by providing financialresources to local nonprofithousing organizations.

Back to Previous Page

PI:.H

Cheyenne, WY‘J NEWZ

GROUPWyoming Tribune-EagleCirc: 14527 Page: C5 5-18-2014

ANBI.Bank®

L Once combined, Capital We5t Bank will adopt the ANBBank name and our banks’ strong management teamswill create a unified banking group.

i We pledge to deliver the same high-quality personalservice, value-added banking products and commitmentto our communities.

.4,

Merging Together.. . Serving Together

Something very special happens when two communityfocused banks join together...a perfect partnership.Combining our strengths will serve our customers andcommunity in exceptional ways!

We are pleased to announce that Capital West Bank willmerge with ANB Bank in the second half of2014. Afterthe merger, ANB Bank will have 33 banking centers andover $2.2 billion in total assets.

I Capital WestI bank

Mmbr FDIC

For more information visit or call us atANBbank.com L CapWestBank.com307-634-2121 970-282-2400

Back to Previous Page

_____________

Laramie Daily BoomerangNE\X7Z Publication Date: 05/28/2014 Page Number: 9

Title: Kelso Kelly, officers to join ANB Bank

Author:N.vsPA PI:.H

Fi iii.

MIng it.,1 liv filrv

Size 12 55 square inch —

rI Laramie, VVY Circulation: 6000

BIZ BRIEFSKelso Kelly, offIcersto loin AND Dank

Following the announcement of ANEBank’s merger with Capital WestBank, Kelso Kelly will join ANI3 as aboard member and regional presidentof banking centers in Laramie andNorthern Colorado.Kelly will take on his role after the

merger is complete, estimated to be inthe second half of 2014.Rick Melone and Rebecca Miller will

also join ANB bank as officers andcommercial lenders; both will work inthe Laramie ANB banking center.

Ann Nelson will continue in her currentrole at ANB and Nancy Stutzman willcontinue to be Laramie’s communitybank president.Capital West Bank’s Heritage Club will

continue throughout 2014, with futureplans to be announced later. ConniePalmer will also join ANB Bank once themerger is complete.

ANB Bank announced last week anagreement — subject to regulatory andshareholder approval — to acquireCapital West Bank.

- ANBL\X\L Bank

County: A’bany Back to Previous Page51 007_05-28_9001 .pdf

NEWZGROUP Title:

I . . I 1..AO SWAP

Spotlighting mental health all monthBy KASEY M. ORR

Reporter/PhotographerIn honor of Mental Health Awareness

Month, Solutions for Life has held severalevents to raise awareness and spread knowledge about mental health.

WLth a Youth Health First Aid course heldMay 14, and the second annual Mind YourHealth 5K on May 18, Solutions for Life hasbeen busy.

The Youth Health First Aid course set outto teach parents, family members, caregivers,teachers and others how to help an adolescentwho is experiencing a mental health or addictions issue.

“Everyone should learn symptoms ofmental illness,” Solutions for life DirectorPeggy Hayes said. This is integral in helpingthose with problems.

L)esigned for adults, the course on mentalfirst-aid training focused on reviewing typicalmental health development, identifying warning signs and “teaching a five-step action planfor how to help young people in both crisis andnon-crisis situations,” Hayes said.

Topics covered include anxiety, depression,

substance use, disorders in which psychosesmay occur, disruptive behavior disorders (including AD/ND), and eating disorders.

The Mind Your Health 5K was nearly a no-go for its second annual run due to the recentlingering winter storms. Originally scheduledfor May 11, the snow drove the runners backto this past Sunday. But with highs in the mid1970s, the 20 participants and other supporterswere not complaining.

With water and ice (as well as a radio adand several employee volunteers) providedby Converse County Bank, and a prize of a$25 gift certificate from Hometown Apparelfor both men and women winners donatedby Levi’s Loft, the staff of Solutions for lifefelt this year’s run was another success. Thesefirst-place prizes went to Jason Winney witha time of 23.26, and Sara Travenicek with atime of 25.35.

Alex Eldund took men’s second place ata time of 24.49. Third place went to JustinWmney at 24.53. Women’s namers-up werelvtichelle Bingham at second place with atime of 29.78, with Victoria Eklund comingin third at3O.57.

Supporters put their soles to theroad Sunday to raise awarenessabout mental health at the Solutions for Life Mind Your Health 5krun. Levi’s Loft, Converse CountyBank and Bushwell’s donatedsupplIes and prizes.

Solutions For Life is a mental health clinicwhose goal in the community is to break thestigma of mental health and substance abusedisorders. For more information, call 307-358-2846.

County: Converse

Wf0035

I

Nl’Vi.’PA l’I’I’C

Douglas BudgetPublication Date: 05/21/2014 Page Number: A-2

Spotlighting mental health all month

I

Author: By KASEY M. ORR Reporter/Photographer


Douglas, WY Circulation: 4100

51 029_05-21_A-2003.pdfBack to Previous Page

1

NEWS NOTESLocal heroes celebrated

I st Bank, Bridger Valley There will be categoriesBranch, will be celebrating for: law enforcement, healththe Valley’s “Local Heroes” care/care giver, military,from June 9-20. Bridger Valley resident with

All community members serious illness, firefighterare asked to come into the and EMT’s. Other categoriesbranch location and list can be listed as needed.their personal Local hero! Even if you aren’t a 1stheroes. The bank is hoping Bank customer, please cometo have a huge list of names in and sign up your favoriteby July 20. local hero.

County: Uinta 1 to Previous Page51 tJ57_05-23_6001 .pdf

WY0035

NEWZ- GRQUP

Bndger Valley PioneerPublication Date: 05/23/2014 Page Number: 6

Title: Local heroes celebrated

Author:


Lyman, WY Circulation: 1625

Laramie Daily BoomerangW’OO35

NEWZGROUP

Publication Date: 05123/2014 Page Number: 7

Title: Private money boosts federal public lands program

Author:


Laramie, WY Circulation: 6000

IC(C ..d....,......a.II.,I.I

———

LAND PROGRAM

COMMERCE CiTY, Cob. (AP) —

Hundreds of young people will beclearing weeds and planting treesfrom Hawaii to Vermont undera federal program that dependslargely on private funding, the U.S.interior secretary said Thursday.The government is putting in

$1.9 million of the $6.7 million forthe project announced by Interior

Secretary Sally Jewell. Most of therest is coming from Wells Fargo& Co., according to Greg Knadleof the National Fish and WildlifeFoundation, a nonprofit createdby Congress in 1984 to supportwildiands. The group managed thedonations for the young workers’project.The crucial role played by the

lands programprivate sector underlines that the“budget situation is tight,” Jewelitold The Associated Press, sayinginternships and youth programs arethe hardest hit at such times.Jewell noted that when she was in

the private sector, she tried to makeclear to lawmakers that corporatesupport should not be a replacementfor government funding.

County: Albany Back to Previous Page

Private money boosts federal public

51 007_05-23_7002.pdf

Ph IC

WyomingLivestockRoundup

Casper,WYCirc. 5700

From Page:1

5/24/201455284

County: Natrona

II

CattleFax predicts profitability at banker’s coflferenciCasper — With the cat- expand tço fast, prices “If we increase demandtie industzy in a buzz over will go down. If we don’t one to two percent per year,expansion prospects, Cat- expand fast enough, we run we can increase the numbertieFax Markets Analyst the risk ofnot being able toTroy Applehans said the fill orders for customers, of head and stay extremelycáw/calf sector is expected so they go to alternate pro- profitable,” he explained.to be extremely profitable te.” “We want more dollars, andmoving into the next cou $200 to $250 per head is anpie ofyears. Amlehans further extremely respectable mardicted that, even if the herd gin.”

“Talk of expansion is expands to 30 or 31 milliona double-edged sword,” cows, cow/calf producers On Jan. 1 of this year,Applehans said. “If Will still stay profitable. PROfiT On page 7

=

55284-05-24_i 004.pdf -

[ ROF’1T


Casper, WYCirc. 5700

From Page:7

5/24/201455284

iie

Applehans noted that theall fresh retail price forbeef sat at $5.36. Coupledwith a six to seven percentincrease in demand, he saidthe prediction is unprecedented.

“Demand strengthhas influenced the market to stay strong on fedcattle prices, feeder cattleprices and calf. prices,” heexplained. “It is a very rareoccurrence that all three ofthese segments are profitable.”

More typically, thecow/calf producers, saidApplehans, are in the driver’s seat, leveraging therest ofthe mdustry.

Margktis“Stocker operators

have the chance to be prof.itable, but their marginscould be thinner because ofthe price ofcalves,” he con-.tinued. “Tle feedyard. sector is going to be as thin amargin business as it hasbeen.”

“There is only so muchmargin per animal,” Apple-hans said. “There arc fivesegments --. the cow/calf,

stocker, feedyard, packerand retailer — all trying toget as much of the marginper animals as they can.”

When looking at whichsegment has the mostleverage in the industry,he explained that cow/calfproducers, which producethe base product, calves,are best poised in the industry.

LeverageAs supply continues to

dwindle, cow/calf producers are best poised for continued profit.

Jan. 1 U.S. feeder cattleand calf supply was down700,000 head, and April 1

numbers show a deficit of975,000 head.

“This means we are utilizing a smaller supply ata quicker rate,” Applehanssaid. “We can’t do that forever. We are pulling thesmaller supply into feedyards.”

A continuing reductionin cost of gain has resultedin more desire by feedyards to purchase calves,which leads to the questionof whether feedyard supply

will last into the summerand fall.

“Feedyards will bidall the profits out of cattle, so they can’t bridgea breakeven,” he commented. “That is good forcow/calf and stocker operators, and it shows the leverage they have in the market.”

Seasonali(p ofMarketsThough continued high

prices are likely, Appichanssaid that risk managementis still a necessary part ofcattle operations.

“Risk is a scary wordfor cow/calf producers,but we are managing riskinan era of record-highprices and volatility,” heexplained. “Some of ourrisk management is just inknowing-the seasonality ofmarkets.”

When looking at market fluctuation through theyear, Applehans noted thatthe trend is consistent fromyear to year.

“If we know about theseasonality of our markets,

we can get out of a lot ofjams because they work80 percent of the time,” hesaid. -

Tnsung -

‘When we look at the

October to November time-frame, that is when mostcalves are sold,” he said.“We would expect prices tobe lowest at that time. Doesit make any sense to sellthem? We don’t have to sellcalves just because they aremoving off summer pasture.”

Rather, Applehansurged producers to considerselling cattle during summer video sales for October delivery to gamer additional value.

“Eight of 10 years, cattle sold during the summermonths for October delivery were higher priced thanin the spot market in October,” be commented.

ProfitpoteiuiolApplehans marked a 13

percent difference betweenmarket highs and lowsthrough the year.

With current prices, hesaid, “We could have low$130s. We don’t feel likewe will have to get thatlow, and we have very goodsupport of the $135 to $136area.”

“I believe that feedercattle futures are going togo to $200,” Applehanspredicted.

With bearish sentimenttoward corn prices, cou

pled with competition inthe marketplace, he notedthat 750-pound steers willlikely bring the high prices.

“Unless something happens drastically, I’m prettysure the 750-pound steerswill bring two bucks,” hecommented.

Saige Albert Lv managingeditor of the Wyoming Livestock Roundap and can bercachedatsaigenybnet.

County: Natrona

55284-05-24_i 004.pdf -


Casper,WYCirc. 5700

From Page:7

5/24/201455284

County: Natrona Back to Previous Page

if we kfl najity of our mkets.we can tóUtoiJàtjams because they work80 percent of the time — lhoy Applhaau,CattbFa*

I

55284-05-24_i 004.pdf

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