Marijuana & Banking

Wednesday, March 20 - Columbia

4 Ways to Register 

Online Registration
Online
  Phone
Phone 573-636-8151
  Fax Registration
Fax 573-634-2754
  Mail Registrations
Mail to:
MBA 
PO Box 57
Jefferson City, MO
65102
Print registration form. Print program brochure.

Program Focus

State and federal laws for marijuana and hemp are changing. These changes are often in conflict. Federal and state agencies across law enforcement, food and drug safety, health, agriculture and banking are responding with new policies and regulations. This seminar explores the issues presented for bankers by these changes and the rapidly expanding marijuana industry.

Seminar Topics

  • explanation of Missouri’s medical marijuana initiative
  • panel discussion of banking’s regulatory environment and considerations
  • banking’s legal environment and considerations
  • impact of the Farm Bill and the differences between hemp and marijuana
  • medical marijuana amendment and new issues it creates for Missouri employers
  • real-life stories -- banking a marijuana-related business (MRB)

Who Should Attend

This program is intended to assist those in banking, including CEOs, board of directors, legal counsel, lenders (consumer, commercial, mortgage), COOs, CFOs, compliance, risk officers, HR personnel, marketing, PR/communications, public deposits and others. Interested public officials and/or their staff are welcome. MBA reserves the right to deny or cancel nonqualifying registrations.

Your bank board and executive team need to be fully informed to develop and decide your marijuana banking policy. Every employee and officer who interacts with customers in your bank is affected, whether your bank has elected to serve MRBs, to provide limited services or to not serve MRBs. Your bank’s BSA, CIP and AML programs will have to be modified to identify MRBs and transactions – in all aspects and services of the bank.

Why You Should Attend

  • Seating for this seminar is limited for MBA members who register for this program.
  • The seminar allows candid discussions because it is focused exclusively on banking. MRBs are prohibited from attending.
  • This comprehensive seminar covers the following.
    • essential information about marijuana in the U.S.
    • profile of the marijuana industry, products, employees, finances, myths
    • the responsibilities and jurisdiction of the FDA, the USDA, the Missouri Department of Health and Senior Services and the Missouri Department of Agriculture
    • guidance of bank regulatory agencies, including the FDIC, Federal Reserve and OCC
    • outlook of bank legal counsel and review of considerations for banks wanting to serve the marijuana businesses and those attempting to avoid serving such businesses
    • public image and reputation risk considerations
    • other relevant content, including insurance, hemp, alternative banking solutions that don’t work and much more

Presenters

Zane Gilmer
Stinson Leonard Street - Denver

Banking’s Legal Environment & Considerations
The Impact of the Farm Bill & the Differences Between Hemp and Marijuana

Zane Gilmer has extensive experience advising and representing clients concerning the wide array of legal issues related to the expanding legal cannabis industry. He is nationally recognized for his work with banks and other financial service providers that provide services to the cannabis industry. Zane has significant experience litigating business and investment disputes concerning allegations of fraud, mismanagement, minority oppression and derivative claims. He also represents financial institutions in customer and vendor disputes, consumer class actions, state and federal regulatory actions, and he provides regulatory compliance advice concerning a wide variety of topics.

Chuck Lewis, CRCM
Missouri Bankers Association

Real-life Stories – Banking a Marijuna-Related Business

Chuck Lewis is vice president of compliance services for MBA Bankers Service Corporation, a subsidiary of the Missouri Bankers Association. Chuck is available to help MBA members with compliance and BSA reviews, in-bank training and other compliance services. Before joining MBA in 2010, Chuck was director for risk management services for RSM McGladrey in Kansas City. Prior to McGladrey, Chuck was president of UMB Consulting Services, a division of UMB Financial Corporation. He joined UMB Bank in 1977 and worked in audit and in compliance for the bank and holding company before the formation of UMB Consulting Services. In 2004, he received the Distinguished Service Award at the American Bankers Association’s Regulatory Compliance Conference. In addition to speaking at numerous MBA educational events, he has conducted hundreds of compliance reviews, BSA reviews and HMDA scrubs for banks of all sizes.

Philip (Phil) Magathan
Federal Reserve Bank of Kansas City

Panel - Banking’s Regulatory Environment & Considerations

Phil Magathan is the BSA coordinator and a senior examiner for the 10th District Federal Reserve Bank Examinations and Inspections Department. In his role as district BSA/AML coordinator, Phil directs ongoing development of the district’s BSA/AML supervision program and serves as the technical subject matter expert on all BSA/AML-related issues, and he leads AML related examinations of complex and higher risk banking organizations. Throughout Phil’s career, he has been called upon to assist various federal law enforcement agencies, including the Department of Justice Asset Forfeiture Money Laundering Section, in the investigation of money laundering cases.

Lori Olson
Office of the Comptroller of the Currency

Panel - Banking’s Regulatory Environment & Considerations

Lori Olson is a national bank examiner for the Office of the Comptroller of the Currency in the Kansas City field office. In this role, Lori performs supervisory activities for a portfolio of midsize and community banks. During her 10-year career with the OCC, Lori has also served as a BSA/AML compliance policy specialist and is a certified anti-money launder specialist (CAMS). Before joining the OCC, Lori spent 10 plus years in the banking industry. 

Paul Satterwhite
Spencer Fane – Springfield

Medical Marijuana Amendment Creates New Issues for Missouri Employers

Paul Satterwhite helps employers interpret and understand the constantly changing landscape of employment law to help employers manage their employment law risks. He focuses his practice on risk management so that employers can focus their efforts more on the operation of their businesses and less on the management of employment disputes and legal claims. As part of this risk management approach to employment law, Paul provides clients with practical human resources counseling, and he develops and delivers supervisory training programs to employers of all sizes. He works closely with clients to determine the appropriate risk management approach for each particular situation.

Ashley Schrag, CAMS, CFE
Federal Deposit Insurance Corporation

Panel - Banking’s Regulatory Environment & Considerations

Ashley Schrag serves as special activities case manager for the FDIC’s Kansas City Regional Office, where he directs and coordinates BSA/AML supervision for the seven-state region. He is a certified Anti-Money Laundering specialist and certified fraud examiner, and he has conducted numerous BSA examinations in financial institutions ranging in asset size from $2 million to $20 billion. Ashley has played a vital role in the FDIC’s outreach, training and education program, conducting numerous BSA/AML seminars with trade organizations across the Midwest. Ashley began his FDIC career in 1991 working as bank examiner in Kansas and Missouri. He also served as a bank examiner for the Office of the Comptroller of the Currency.

Randall W. Williams, M.D., FACOG
Missouri Department of Health and Senior Services

Explanation of Missouri’s Medical Marijuana Initiative – Rules & Regulations

Randall W. Williams, M.D., FACOG, is an obstetrician and gynecologist who graduated from the University of North Carolina, with honors in history and zoology. He received his medical training at the University of North Carolina where he was a Holderness Fellow. Williams was appointed as the director of the Missouri Department of Health and Senior Services and was subsequently unanimously confirmed by the Missouri Senate in March 2017. He believes a fundamental tenet of effective leadership is to be readily available and accessible. He has visited all of Missouri’s 115 counties to listen and learn from all of Missouri’s citizens.

For More Information

Contact the MBA Education Department at 573-636-8151 or email.

Date and Location

Wednesday, March 20 - Columbia
Holiday Inn Executive Center
2200 Interstate 70 Drive SW
573-445-8531

The room rate is $104.95 per room per day, plus state and local tax and lodging tax for single or double occupancy. Hotel accommodations can be secured by calling 573-445-8531. Rooms will be available at 4 p.m. the day of check-in. Checkout time is 11 a.m. Cancellations must be made 48 hours before the date of arrival, or one night’s room rate will be charged to the individual. All unreserved rooms in the block will be released for sale to the public Tuesday, March 5.

Schedule

8:30 a.m. Registration 
9 a.m.  Seminar Begins 
12:20 p.m. Lunch 
1:30 p.m.  Seminar Resumes 
4:30 p.m.  Adjournment 

Registration Fees

  • MBA Members - $260
  • Nonmember Fees - $1,040

Fees include lunch, refreshment breaks and conference materials. The fees do not include hotel accommodations.

The cost of meals and entertainment included in the registration fee for this meeting is $22. This information is provided for your bank’s tax records, in keeping with the IRS 50 percent deductible provisions under Section 274(n) of the Internal Revenue Code.

Cancellation/Refunds

Full refunds will be granted for cancellations received by MBA at least 10 days prior to the seminar date. After that date, an administrative fee of $10 per canceled registration will be retained. Cancellations will not be accepted five days prior to the seminar. Substitutions are always permitted.

Attendance Policy

To preserve the integrity of our registration process, no one will be admitted into the sessions or lunch without a name badge. Your name badge will serve as your official ticket to all events.

Disabilities

If you have any disabilities that require special assistance, contact MBA at 573-636-8151 and explain how we may best accommodate your needs.