Florida Banking September 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 Greg McCurry Senior VP - Business Development 952-835-2275 Greg@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 8

SEPTEMBER 2022

ON THE COVER OptimumBank: Celebrating Growth and Evolution

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CONTENTS 4 �������������������������� Chair’s Message 6 ������������������ Straight Talk from the President’s Desk 12 ������������� Government Relations: Three Constitutional 14 �����������������������BankPac Update 16 ��������������������������The Consumer Financial Protection Bureau's War on "Junk Fees" 17 ����� BancServ Endorsed Partner: SWOT-ing At The Crisscrossing Crypto Crackdown 20 �������Trust Banking: Tipping The Scales With Florida Community Property Trusts: Do The Rewards Outweigh The Risks? 24 ��������������� Personal Transactions 25 ���������������������������������������Kudos 30 ��������������������� Upcoming Events 31 ������������������������� Did You Know? 31 ����������������Advertising Directory Amendments You Will See on Your November Ballot

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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: The OptimumBank leadership, from left: Elliot Nunez, Tim Terry, and Moishe Gubin.

Florida Bankers Association: The voice of Florida banking since 1888. Images ©istock.com: Bill Oxford; urfinguss; DNY59

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