contents The Missouri 573-636-8151


Max Cook Publisher


cmcook@mobankers.com


Lori Bruce Editor


lbruce@mobankers.com


The Missouri Banker (USPS Number 000044, ISSN Number 0893-5637) is published six times a year by the Missouri Bankers Association, 207 E. Capitol Ave., Jefferson City, MO 65101. Second-class postage is paid at Jefferson City, Mo. Copyright© 1998 by the Missouri Bankers Association. All rights reserved. POSTMASTER: Send address changes to The Missouri Banker, P.O. Box 57, Jefferson City, MO 65102. Opinions expressed in any signed article in The Missouri Banker are those of the author and should not be construed as the viewpoint of the editors or of the Missouri Bankers Association. Neither should information provided in The Missouri Banker be construed as legal advice. The Missouri Banker does not provide legal advice, nor does it take the place of legal counsel hired  makes a reasonable effort to establish the integrity of advertisers, it does not endorse advertised products or services, unless otherwise so stated. This issue may contain legislative advertising. Advertising copy is generally segregated from news and other information.


Address Changes


Submit address changes for The Missouri Banker to MBA, P.O. Box 57, Jefferson City, MO 65101, Attn: Database Manager or email database@mobankers.com.


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American Bankers Association Perspective Personal Finance for the Pandemic Era: Why Banks Should Deliver Fin Ed Lessons Today . . . .6


Department News Government Relations: Electronic Notary Officially Takes Effect in Missouri . . . . . . . . . . . .8 Legal: Dealers Selling Cars Without Title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Compliance: Compliance During COVID . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Education & Marketing: Winding Down a Virtual 2020 . . . . . . . . . . . . . . . . . . . . . . . .12 MBA VEBA: Te Short and the Long of MBA VEBA . . . . . . . . . . . . . . . . . . . . . . . . . .12 Endorsed Partners: Discover the Value of MBA Endorsed Partners . . . . . . . . . . . . . . . . .18


Cover Story Keep On Rolling . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Despite unforeseen challenges, Segs4Vets continues mission to serve injured military veterans


Guest Commentary Why Your Commercial Borrower’s Bankruptcy May Be Good for You . . . . . . . . . . . 20 When Did Your Bank Last Update Its Strategic Plan? . . . . . . . . . . . . . . . . . . . . . 22


Around the State 2020 MBA Chairman’s Golf Outing . . . . . . . . . . . . . . . . . . . . . . . . . . .24 MBA Names Finalists for 2020 Young Bankers Leadership Award . . . . . . . 26 Achievements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28


From our Chairman What are you doing for MBA? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2


From our President and CEO Casting Your Vote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5


THE MISSOURI BANKER 1


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