Welcomes. Senator Bill Cadman. Colorado Bankers Association

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1 Welcomes Senator Bill Cadman President of the Senate; Chair of Executive Committee of the Legislative Council; Member of Senate Services (El Paso County) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

2 Welcomes Representative Brian DelGrosso Minority Leader; Member of Executive Committee of the Legislative Council (Larimer County) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

3 Welcomes Representative Lois Landgraf Minority Caucus Chair; Member of Education; Health, Insurance, & Environment; Legislative Council; Public Health Care & Human Services (El Paso County) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

4 Welcomes Representative Polly Lawrence Member of Judiciary; Health, & Legislative Council (Douglas Tellar County) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

5 Welcomes Senator Kevin Lundberg Assistant Majority Leader; Chair of Health & Human Services; Vice-Chair of Judiciary; Member of Flood Disaster Study Committee; Legislative Council (Larimer County) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

6 Welcomes Senator Vicki Marble Majority Caucus Chair; Chair of Local Government; Vice-Chair of Education; Member of Legislative Council (Broomfield, Larimer, Weld Counties) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

7 Welcomes Representative Libby Szabo Assistant Minority Leader; Member of Business Affairs and Labor; Capital Development; Legislative Council (Jefferson County) Colorado Bankers Association Over a Century: Helping Coloradans realize dreams by building better banks

8 CBA Formed in 1902 Mission Objectives Government relations Public relations Education and training Information General resource, products and services Members Taxable, FDIC-insured financial institutions Banks largest to smallest We represent 90 percent of all banking assets, employees and offices Elected Volunteer Decision Makers Officers 3 Board of Directors 22 Government Affairs Committee 21

9 Mission: To provide economic opportunities for Coloradans through a sound and competitive banking environment by advocating public policy consistent with that, and enhancing banking s skills, image and unity.

10 Board of Directors Past Chairman Koger Propst Sturm Financial Group and ANB Bank Chairman Jeff Schmitz EVP & COO Citywide Banks Chairman-Elect Mark Bower Senior VP & CFO Home State Bank Treasurer David Kelly Chief Risk Officer - FirstBank Chad Adams Adams Bank and Trust Jim Basey Chairman & CEO - Centennial Bank Shawn Cole Vectra Bank Colorado Mark Driscoll President First National Bank Jonathan Fox CEO - Fowler State Bank Michael Hobbs President Guaranty Bank and Trust Todd Munson President JPMorgan Chase Frank Newman Regional President Wells Fargo Bob Ostertag EVP & COO - Colorado Business Bank Shawn Osthoff President Bank of Colorado Stuart Pattison President & CEO Northstar Bank Colorado Michael Robinson EVP - Bank of the West Hassan Salem President - US Bank Bill Sullivan President & CEO Colorado State Bank and Trust Tom Tulodzieksi Regional President -KeyBank Craig Walker Chairman - First State Bank of Colorado Margo Young-Gardey President - Alpine Bank Ex officio due to ABA John Ikard President - FirstBank Holding Company

11 Scope of Colorado Banking Provide economic opportunities for Coloradans through a sound and competitive banking environment. 148 banks and 1,572 offices $126 billion in assets $72 billion in loans $12 billion in small business loans $109 billion in deposits 23,000 Colorado employees $87 million in voluntary contributions Historically more than $½ a billion in income taxes

12 $87 Million annually in charitable Contributions 10 Million 29 Million 48 Million In kind Cash Employee volunteer time

13 Small Business Lending In 2014, banks made $12 billion in loans to small businesses. Also in 2012, the CBA launched Smallbizlending.org, a website dedicated to helping entrepreneurs and small business owners in Colorado with information and access to capital. Small businesses represent 97 percent of all employing businesses in Colorado, and are a dominant source of job creation in the state.

14 Access to Capital Bankers want to make every prudent loan we can Obligation to ensure the borrower can pay back the debt Federal regulatory limitations

15 Marijuana There are two elements to the issue. One is being involved in an illegal act per federal law, the other is money laundering. Those laws preclude handling deposits of an illegal activity and require filing Suspicious Activity Reports (SARs) for any transaction that may violate federal law. A few banks are serving the industry, but on a do at your own risk basis.

16 Trustee Notice System Presume Notify Beneficiary HB The bill permits a financial institution to send electronic statements for trust accounts only if the account holder opts in. Twenty-seven states currently authorize the delivery of certain information through electronic means. Provides ease of use and storage of account information. As with all banking accounts, the customer determines how they wish to receive statements and account notices.

17 Prohibited Communications Concerning Patents HB Addresses a significant problem affecting small businesses, including banks: extortion letters claiming patent infringement, which threaten litigation. The bill strikes a balance between ensuring legitimate patent infringement cases can proceed, while granting the Colorado Attorney General enforcement authority when allegations and communications have been made in bad faith.

18 Mandatory Abuse Report For Adult With A Disability SB Bank employees are already playing mind reader regarding existing elder abuse we often have no in-person contact, yet must report suspected abuse The bill extends protection to individuals with disabilities Many disabilities are not outwardly visible Banks are not permitted to ask if a customer has a disability and not permitted to track or label account (Anti- Discrimination laws)

19 Interchange Bill Businesses that want to accept visa, MasterCard... pay a fee in order to do so Many benefits customer convenience, fraud protection, minimize loss from theft, save employee time, immediate credit and use of funds Bill would not permit fee to be charged on the Colorado sales tax portion of a transaction we would be forced to provide that for free There are real costs to providing the service and banks should be permitted to be compensated for the service they provide

20 Thank You Colorado Bankers Association One Sherman Place 140 East 19 th Avenue, #400 Denver, CO Phone: Fax: (consumer information) Colorado Bankers Association Government Relations team: CBA Amanda Averch Don Childears Jenifer Waller Colorado Legislative Services Melanie Layton Jim Cole Garin Vorthmann Zoey DeWolf Hogan Lovells Craig Umbaugh Other partners