Florida Banking April/May 2025

APRIL | MAY 2025 VOLUME 40 | NUMBER 2 Editorial & Executive Offices 1001 Thomasville Road, Suite 201 Tallahassee, FL 32303 850-224-2265 www.floridabankers.com

ON THE COVER

8 Lafayette State Bank

Balancing Innovation and Community Impact

Advertising & Production Offices NFR Communications, Inc. 250 Prairie Center Dr., Ste. 300 Eden Prairie, MN 55344 952-835-2275 www.nfrcom.com For advertising information, contact Erica Nelson Advertising Sales Executive 763-497-1778 Erica@NFRcom.com Statements of fact and opinion are made on the responsibility of the authors alone and do not imply an opinion or endorsement on the part of the officers or members of FBA. Florida Banking is published six times annually. Subscription price is $50 per year for nonmembers. Postmaster, send address changes to Florida Bankers Association, P.O. Box 1360, Tallahassee, FL 32302. Copyright 2024 Kathy Kraninger President and Chief Executive Officer kkraninger@floridabankers.com For reprints or single issues, contact 800-336-1120

Cover Story (left to right): Gloria Arroyo, Todd Battle, Jacey Gresham, David Claussen

and Jessica Lambert of Lafayette State Bank. Photos by Don Juan Moore, @DJuanfotos

CONTENTS

5 — President's Perspective Maintaining Optimism Amid Uncertainty, Reflecting on Our 69th Annual D.C. Trip

7 — Chair’s Message Maximizing Value Through BancServ and Our 137th Annual Meeting

18 FBA Members Head to D.C. for Impactful 69th Annual Advocacy Trip 22

12 BancServ Endorsed Partner Concepts and Facts: ChatGPT Gets It Mostly Right on Yield Curve Shapes 14 Trust & Wealth Management Proceed, but Proceed with Caution! Navigating the Risks and Rewards of Generative AI 16 Government Relations BankPac 2025: Driving the Future of Banking Advocacy

Florida Bar Calls for Volunteer Arbitrators and Mediators 24 Personal Transactions 28 Kudos 30 Upcoming Events & Advertising Directory

Suellen Wilkins Director of Communications swilkins@floridabankers.com

Derek Jones Chair

Keith Costello Chair-Elect

Jose Cueto Immediate Past Chair

4 — FLORIDA BANKING THE VOICE OF FLORIDA BANKING