Florida Banking November 2023

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 A

THE MAGAZINE OF THE FLORIDA BANKERS ASSOCIATION

VOLUME 38

NUMBER 10

NOVEMBER 2023

ON THE COVER 8 - - - - - - - - - - First State Bank

of the Florida Keys: 'Giving Back is Key'

CONTENTS 4 - - - - - - - - -Chair’s Message 6 - - - - - - Straight Talk from the President’s Desk 12 - - - - Government Relations: Stop the Florida Credit Unions’ Million Dollar Tax Subsidies 14 - - Bancserv Endorsed Partner: Has BOLI Lost Its Luster? 16 - - - - - - - Trust and Wealth Management: Glenmede: A Perfectly Positioned Boutique Wealth and Investment Management Firm 18 - - - - FBA Leadership Events Honoring FDIC Chair Martin Gruenberg and Vice Chair Travis Hill 23 - - -FBA’s 2023 Trust & Wealth Management Conference 26 - - - - - - - - Florida Bankers Educational Foundation Donors 28 - - - - - Personal Transactions 29 - - - - - - - - - - - - - Kudos 31 - - - - - - - Upcoming Events 31 - - - - - Advertising Directory 31 - - - - - - - - Did You Know?

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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4

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Jose Cueto Chair

Derek Jones Chair-Elect

Bill Penney Immediate Past Chair

Fab Brumley Second Immediate Past Chair

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On the Cover: The First State Bank of the Florida Keys President Gary Carney.

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

Photos by Nick Doll Photography