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Greetings Iowa Independent Bankers

Entities Regulated. Bank Bureau:342 state-chartered banks277 bank holding companies1 trust companyFinance Bureau:382 regulated loan licensees120 industrial loan licensees27 debt management companies250 delayed deposit companies694 mortgage bankers/brokers/registrants34 money transmitters3

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Greetings Iowa Independent Bankers

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    1. Greetings Iowa Independent Bankers Vaughn Noring Bank Bureau Chief

    2. Entities Regulated Bank Bureau: 342 state-chartered banks 277 bank holding companies 1 trust company Finance Bureau: 382 regulated loan licensees 120 industrial loan licensees 27 debt management companies 250 delayed deposit companies 694 mortgage bankers/brokers/registrants 34 money transmitters 3,790 mortgage bank/broker loan originator registrants Professional Licensing: Became Bureau of Banking Division effective July 1, 2006 Numbers as of 2/6/06

    3. Professional Licensing Joins IDOB Purpose: Coordinate the administrative support for the following seven professional licensing boards: Accountants - 11,739 licensees Architects - 2,135 licensees Engineers and Land Surveyors - 6,750 licensees Landscape Architects - 234 licensees Real Estate Sales and Brokers - 12,400 licensees Real Estate Appraisers - 1,163 licensees Interior Design - new board so number of licensees is still unknown Banking Division budget will be completely separate from the Professional Licensing Will remain at their current location in Ankeny The bureau currently has 13.5 employees

    4. When will the wheels fall off the economy?

    14. Other Positives for Iowa Job Growth is stronger this year Low unemployment Bankruptcies are down Strong land values

    15. Number of Iowa Banks State & National Banks

    16. Things Aren’t Always As They Appear

    17. Iowa Bank Office & Institution Trends As of June 30

    18. New Banks and Offices Since June 30, 2005 1 New Charter 49 New Offices

    20. Iowa’s Demographics Continue to be an Issue for Community Bankers in Iowa

    21. Aging Population

    22. 2006 Legislation Effective July 1, 2006 – CEOs sent a letter summarizing changes and also posted on our website: HF 2587 – Some of the key provisions No longer need to publish Call Reports Increased ability to regulate BHCs and its D&Os Increase penalties from $100/day to $1000/day Repealed 524.1803 which required a BHC wanting to acquire shares of a bank to extend the same offer to all outstanding shares of the bank not already owned by the holding company ILC’s chartered after July 1 can’t be established, owned by, or affiliated with entities engaged in commercial activities Prohibits out-of-state ILCs from branching into IA or acquiring control of an Iowa ILC

    23. 2006 Legislation - continued SF 2275 -Debt Cancellation Agreements State chartered banks can offer voluntary debt cancellation coverage to consumers Must include cost in the amount financed Cost does not have to be included in finance charge but Fed regs under TILA must still be followed SF 2262 – Ag loans >5yrs in length can charge prepayment penalty HF 537 – Permits banks to use CDRS program with their public funds CDRS funds NOT included for pledging collateral CDRS funds ARE included for calculating sinking fund assessment

    24. Mobile Offices, Courier Services, and Convenience Offices Administrative Rules – New 187 IAC 2.17 Application is available on IDOB website Requires board of directors of banks operating one of these types of “offices” to adopt policies governing the operation Rules were effective May 3

    25. Proposed Lending Limit Rule Covered at the Day with Superintendent & Banker Group Meetings Goal was to clarify “corporate group” provision Drew quite a few comments from the industry IBA is working with a group of bankers and plan to have a proposal for us to look at by this fall. Any proposed Rule change will be put out for comment before adopting

    26. Deadline for Internet Banking Authentication Is Approaching FFIEC guidance entitled: “Authentication in an Internet Banking Environment” Published October 12, 2005; adherence expected by year-end 2006 Issued by FFIEC (FDIC, OCC, OTS, Fed, NCUA) FDIC FIL-103-2005

    27. Don’t let the good times catch us napping . . .

    28. Properly Assess Your Risks

    29. Don’t take unnecessary risks

    30. Don’t Let Your Customers Get Overextended

    32. Stay abreast of technological advances—the old way isn’t necessarily the best way

    33. www.idob.state.ia.us

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