Florida Banking March 2024

Editorial & Executive Offices 1001 Thomasville Road, Suite 201 Tallahassee, FL 32303 850-224-2265 www.floridabankers.com Advertising & Production Offices 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 For reprints or single issues, contact 800-336-1120 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 11 times annually with a combined issue in December/January. 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 Florida Bankers Association kkraninger@floridabankers.com Pamela Ricco Executive Vice President and Chief Operating Officer A

THE MAGAZINE OF THE FLORIDA BANKERS ASSOCIATION

VOLUME 39

NUMBER 2 MARCH 2024

ON THE COVER 8 - - - - - - - - - ServisFirst Bank:

Closely Connected to its Communities

CONTENTS 4 - - - - - - - - Chair’s Message: Join us in Palm Beach in June 6 - - - - President's Perspective: Spring Update: Recent Engagement With The Florida Delegation In Washington D.c. 12 - - - - Government Relations: Thank You to Our 2024 BankPac Board of Directors 13 - - - - - Basel III Hurts Banks, Businesses and Individuals 14 - BancServ Endorsed Partner: Give Work a Workout 16 - - - - - - - Trust and Wealth Management: 22 - - -Capitol Day Photo Gallery 25 - - -FBEF Welcome Reception Fundraiser a Success! 27 - - - - - Personal Transactions 28 - - - - - - - - - - - - - Kudos 30 - - - - - - - Upcoming Events 31 - - - - - Advertising Directory 31 - - - - - - - - Did You Know? Five Lessons from Recent Pre-Sale Planning Cases

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Florida Bankers Association pricco@floridabankers.com

Brooke Harrison Publications Director Florida Bankers Association bharrison@floridabankers.com

4

6

Jose Cueto Chair

Derek Jones Chair-Elect

Bill Penney Immediate Past Chair

Fab Brumley Second Immediate Past Chair

28

On the Cover: ServisFirst Bank EVP and COO Rodney Rushing and Chairman, President and CEO Tom Boughton at the J.C. Newman Cigar Company in Tampa, Fla.

Florida Bankers Association: The voice of Florida banking since 1888.

Photos by Daniese Betito, Images for Business, Orlanda, Fla.