General Session Speakers
Washington Update: An Overview of the Political Environment, Prospective Legislation and Strategies for Investment and Retirement Planning
The Washington Update
10-11 a.m. Thursday, June 13
A new Congress convened in this year, returning split government to Washington, D.C. The new Democratic-led House has held aggressive oversight hearings into the Trump administration’s policies. At the same time, the administration continued to assert its regulatory authority in a number of areas, including expanding and increasing tariffs on imports, reducing the scope and effectiveness of the Affordable Care Act, imposing and enforcing new immigration restrictions, reducing the availability of Medicaid and other safety net programs and rolling back industry-specific regulations. In addition, the SEC has proposed new “broker conduct” regulations while the DOL is considering another look at its previous proposal. Jeff Bush provides an overview of current activities in our nation’s capital and what may happen as the focus shifts to the 2020 elections.
Jeff Bush is known for his unique ability to translate complicated financial information coming out of Washington, D.C., into winning growth strategies for business owners, executives and high-net worth investors. He is a colleague of Andy Friedman and an integral part of The Washington Update, the nonpartisan experts on all things Washington, D.C.
Connect With Jeff
Connect With The Washington Update
11:30 a.m. to 12:30 p.m. Thursday, June 13
As the banking industry continues to deal with a wave of consolidation, regulatory pressures have lightened, there is an increased level of loan opportunities, and the new tax legislation has given banks more confidence. New opportunities unearth new questions as to which opportunity is best to pursue. How do you know which path to choose? Will you remain independent, acquire another bank or choose to sell? Jon Elsass will delve into the strategies that any bank can employ on the balance sheet, whichever path they choose.
Jonathon Elsass joined the Performance Trust Companies in 2008. His primary focus is helping management teams and boards of directors increase stakeholder value through the finance function of the institution. His primary areas of expertise are balance sheet optimization, investment portfolio management and board level strategic education. He has profound respect for the role of the community financial institution in the United States and aims to aid these institutions in performing at the highest level.
Connect With Jon
Connect With Performance Trust Capital Partners
2-3 p.m. Thursday, June 13
Bill Boyan and Steve Glassgold will review capital raising, including subordinated debt and common equity and M&A transactions in 2018. They also will discuss the landscape for 2019, including the impact that rising interest rates are having on deposit costs, deposit growth, net interest margins and bank stock valuations. Banking is experiencing turbulent times coupled with the fear of a potential recession. They will discuss what to expect in 2019 for banks in Missouri.
William Boyan III is a managing director in the Investment Banking Group of Sandler O’Neill + Partners L.P., where he advises financial institutions. Boyan has been providing strategic advice to a variety of financial companies for approximately 27 years. He has been one of the most active advisors to companies involved in buy-side and sell-side M&A transactions, mergers-ofequals, divestitures, government-assisted transactions, and debt and equity capital raising projects.
Stephen C. Glassgold is a principal of Sandler O’Neill + Partners L.P., where he works with senior management teams of U.S. financial institutions to develop detailed balance sheet programs tailored to overall corporate planning and strategic goals. Glassgold also assists banks in capital raising and mergers and acquisitions. During the past few years, he has advised on a number of deals, including Reliance Bancshares in its merger with Simmons First National Corporation, Enterprise Financial Services Corp in its acquisition of Jefferson County Bancshares, Pulaski Financial Corp. in its merger with First Busey Corporation and Merchants Bancorp on their initial public offering.
Connect With Sandler O’Neill + Partners, L.P.
American Bankers Association Update
Chairman-Elect, American Bankers Association
President & CEO, Sound Financial Bancorp, Seattle
8:30-9 a.m. Friday, June 14
Laurie Stewart is president and CEO of Sound Community Bank in Seattle. She joined the $663 million-asset bank, originally chartered as a credit union, in 1989 and led the conversion of the organization from a $38 million dollar credit union to a $715 million publicly traded commercial bank. Recognized by American Banker
as one of the Most Powerful Women in Banking in 2011, 2015, 2017 and once again in 2018, she served as chair of the board of directors of the Washington Bankers Association. Laurie was one of 14 bankers selected to serve on the inaugural FDIC Community Bank Advisory Board. She also was appointed to the initial CFPB Community Banker’s Advisory Board.
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An Update from Missouri State Treasurer
Missouri State Treasurer Scott Fitzpatrick
9:15-9:45 a.m. Friday, June 13
Missouri State Treasurer Scott Fitzpatrick will give an overview of his office’s core operations and discuss his latest initiatives.
About Treasurer Fitzpatrick
Missouri State Treasurer Scott Fitzpatrick was sworn in as Missouri’s 47th treasurer Jan. 14, 2019. As treasurer, Fitzpatrick promotes government transparency and efficiency. His record as chairman of the Missouri House Budget Committee reflects his commitment to fiscally conservative values, as well as his support for small businesses and Missouri families. Fitzpatrick was first elected as a state representative in 2012 at the age of 25 to represent Barry and portions of Stone and Lawrence counties. He served as chairman of the House Budget Committee in 2017 and 2018. Under his conservative leadership, the state’s budget surplus nearly tripled to almost $500 million while Missouri schools were fully funded for the first time in nearly a decade.
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Connect With State Treasurer's Office
9:45-10:45 a.m. Friday, June 14
Zane Gilmer represents companies and individuals in high stakes litigation in courts and arbitration forums across the country. Gilmer 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 provides regulatory compliance advice concerning a wide variety of topics. Gilmer also counsels
clients on the vast and ever-changing legal and regulatory issues concerning engaging in business with state-licensed cannabis entities.
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Connect With Stinson Leonard Street