Florida Banking November 2022

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 2022 Alex Sanchez President and Chief Executive Officer

THE MAGAZINE OF THE FLORIDA BANKERS ASSOCIATION

VOLUME 37

NUMBER 10

NOVEMBER 2022

ON THE COVER 8 �� �� �� �� Banesco USA: Stewarding an Investment in the Local Community CONTENTS 4 �� �� �� �� �� �� �� �� � Chair’s Message 6 �� �� �� �� �� �� Straight Talk from the President’s Desk 12 �� �� �� �� Government Relations: What to Expect From the 2023 Session 14 �� � BancServ Endorsed Partner: Price Pullback Prospects: Availability of Discount Bonds Causes a Rethink of Strategies 16 �� �� �� �� �� ��Trust Banking: "Pick Your Partner" - New Florida Amendments to UCC Article 9 18 �� � Florida Bankers Educational Foundation: Giving Thanks While Giving Back 20 �� �� ��ESG and the Introduction of the Index Act 22 �� �� �� �� �� �� FBA's Pete Brokaw Retiring at Year’s End 24 �� �� �� Florida BankPac Update 27 �� �� �� �� �� Personal Transactions 28 �� �� �� �� �� �� �� �� �� �� �� �� ��Kudos 30 �� �� �� �� �� �� �� Upcoming Events 31 �� �� �� �� �� �� �� �� Did You Know? 31 �� �� �� �� �� Advertising Directory

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Florida Bankers Association asanchez@floridabankers.com Pamela Ricco Executive Vice President and Chief Operating Officer Florida Bankers Association pricco@floridabankers.com Brooke Harrison Publications Director Florida Bankers Association bharrison@floridabankers.com

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Bill Penney Chair Jose Cueto Chair-Elect

Fab Brumley Immediate Past Chair

Greg Nelson Second Immediate Past Chair

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On the Cover: Banesco USA President and CEO Cali Garcia-Velez

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

Photos by Mark Gall, Images for Business, Orlando, Fla.

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