Florida Banking September 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

THE MAGAZINE OF THE FLORIDA BANKERS ASSOCIATION

VOLUME 38

NUMBER 8

SEPTEMBER 2023

ON THE COVER 8 �� �� �� �� �� �� �� �� �� � Sanibel Captiva

Community Bank: Resilience in the Face of Challenges CONTENTS

4 �� �� �� �� �� �� �� �� �Chair’s Message 6 �� �� �� �� �� ��Straight Talk from the President’s Desk 12 �� �� �� �� Government Relations: Like a Bad Sequel - The Credit Unions Are Coming For Your Public Deposits Again! 14 �� �� �� �Florida BankPac Update 16 -Exposing the Ramifications of ESG on American Investors 17 �� ��Bancserv Endorsed Partner: How HSAs Help Financial Institutions Gain and Retain Commercial Customers 20 �� �� �� �� ��Trust Banking: Wealth Planning For Couples Without Children 22 �� �Florida Bankers Educational 23 �� �� �� �� ��Personal Transactions 25 �� �� �� �� �� �� �� �� �� �� �� �� ��Kudos 30 �� �� �� �� �� �� FBA Staff Spotlight 31 �� �� �� �� �� �� ��Upcoming Events 31 �� �� �� �� �� Advertising Directory 31 �� �� �� �� �� �� �� �� Did You Know? Foundation: Fred Leopold is 2023-2025 FBEF Board Chair

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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

4

6

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 Sanibel Captiva Community Bank leadership, from left: Brian Terrell, Kyle DeCicco, and John Wright. Photos by Daniese Betito, Images for Business, Orlando, Fla.

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