Noon to 1:00 pm
Luncheon served

1:10 to 2:00 pm
The Path Forward for Community Banking and M&A
Curtis Carpenter, Hovde Financial Group

This fast-paced, data-rich review of the changing economic landscape and how it is impacting bank values and performance will look forward to what is next for community banking and how M&A pricing and deal structures are evolving.

2:00 to 2:50 pm
A Spoon Full of Capital Helps the Regulatory Scrutiny Go Down
Craig Mueller and David Stieber, both of Oak Ridge Financial

Two community bank M&A veterans sit down with Dean Heinzmann of Fortress Bank, Peoria, Ill, and Rick Parks of First National Bank of Waterloo, Ill., to discuss reasons to raise capital and how to put that capital to work. The quartet will share first-hand thoughts on using capital to make acquisitions, grow organically, and to manage AOCI. Other uses? This panel will cover the gamut.

2:50 to 3:20 pm
Break

3:20 to 4:10 pm
The New Purchase Agreement
Scott Coleman and Sarah Dannecker of Ballard Spahr 

Representations, warranties, operating covenants and indemnifications have always been an important part of a transaction, but recent economic and regulatory developments have changed what can be expected in a purchase agreement. Scott Coleman and Sarah Dannecker team to present examples from the perspective of the buyer and the seller that are more frequently finding their way into the fine print. These include provisions covering liquidity and other balance sheet hot spots. 

4:10 to 5:00 pm
Significant Legal Issues in Bank M&A Deals: Case Studies
Tony Moch, Amber Kraemer, Tom Walker and Trina Sjoberg, all of Winthrop & Weinstine

Banks spend significant time on employment, compensation, benefits and staffing matters that arise in any M&A transaction; our experts will conduct a bank sale case study with a banker to discuss how these issues were handled in a transaction. In another case to be considered, we’ll look at bank facilities and real property that were part of a bank transaction. Bank CEOs Marc Campbell of Luminate Bank, Minnetonka, Minn., and Bryan Bruns of Lake Central Bank, Annandale, Minn., will share their experiences as well.

5:00 to 6:30 pm
Reception

Dinner on your own

7:30 to 8:45 am
Buffet Breakfast available

8:45 to 9:35 am
Avoid Unintended Tax Consequences of a Deal:  DETAILS MATTER!
Paul Sirek and Aric Radmacher, both of Eide Bailly

There are several unique tax provisions in play when planning and closing a bank acquisition. Careful planning is not only required with the initial structure of the deal, but managing potential tax risks involved with deductibility of compensation and other acquisition-related expenses should be carefully planned to optimize tax benefits.  Missing a seemingly small detail can result in substantial unintended tax consequences on a deal.

9:35 to 10:25 am
Why a Non-Traditional Buyer May Be Interested in Your Bank
Joseph Ceithaml of Barack Ferrazzano’s Financial Institutions Group

We have seen a surge in the number of sales of smaller banks to non-traditional buyers, primarily financial technology companies and investor groups without an existing bank. Non-traditional buyers are typically willing to pay a substantially higher premium than banks and including them in an auction process may generate pricing competition, resulting in a higher price for the seller even if it decides to sell to another bank.

10:25 to 11:00 am
Break

11:00 to 11:45 am
Breakout sessions 

Session 1:

Not All Earnings Are Created Equal
Austin Nicholas, Vice President, Investment Banking, Performance Trust Capital Partners

While earnings drive value over the long term, this session takes into consideration the riskiness and sustainability of those earnings.  See how the right framework can illuminate the fundamental, sustainable value of your bank’s earnings stream and how a multi-scenario decision-making process can help avoid decisions where the risk is not worth the near-term, single-scenario return.

Session 2:

Data May Pave the Way to Earnings Boost
Aaron Donaldson, RSM US

A community bank's position in the M&A arena, as either a buyer or seller, is enhanced by strong earnings. Access to data can give a bank an opportunity to increase wallet share and meaningfully boost its earnings. Unfortunately, there is no “one-stop shop” when it comes to data management within the banking industry. Information can be hard to find or often is insufficient for developing effective strategy.  This session will offer a demo of the RSM FI Insights platform. The solution provides a dashboard that allows banks to develop a deeper understanding of customer banking activities and earn more business. 

Session 3:

How will Artificial Intelligence change community banking?
Katie Quilligan, BankTech Ventures

AI offers community banks tremendous opportunities for increasing efficiency and improving processes. Learn what some banks are already doing, and what is likely to become commonplace in the next few years. 

noon to 12:45 pm
Lunch

12:50 to 1:45 pm
Prosperity Ahead – or not?
Todd Buchholz, economist, best-selling author, former White House director of economic policy

Discover how demographics, technology, and globalization are reshaping the economy and our future; Pinpoint the signs of stock market rallies, and the warning signs of slumps, and identify the political pressures on trade, debt, and interest rates from the U.S. to the E.U. to China, in this event-closing Keynote address.

1:50 pm
Adjourn

Plan to stay through Tuesday evening, Oct. 3 and be a part of our special dinner-and-show outing to see Jersey Boys at the Chanhassen Dinner Theater.