DECEMBER 2023 5 Flourish 7 From the Top IN EVERY ISSUE CURRENCIES ¡ Photo News: Home improvements for seniors ¡ Defining Finance: Deep data ¡ Media Memo: A navigator for vendor relationships ¡ The Ledger: Improving bank services for those with disabilities ¡ History Lesson: The lords of 14th-century Italian finance 18 PORTFOLIO 18 Clarifying regulatory guidance for third-party relationships A look at the final guidance on third-party risk for financial institutions 60 CONNECTIONS 60 Trailblazer Oconee State Bank acquired Elberton Federal Savings & Loan in a rare merger conversion. 63 Listen Up ICBA's decisive actions after the Silicon Valley Bank failure 64 Community Spirit Citizens Bank & Trust integrated banks into local high schools. 66 Member Benefits What ICBA's rebrand means for community banks 68 Out of Office Tim Aiken reignited his passion for cycling during the COVID-19 pandemic. 20 Building a better boardsuccession process Take a forward-thinking approach to succession planning for your board of directors. 23 Innovation Station Moving into 2024: The innovation journey continues 24 Leadership at All Levels The gift of clear communication 26 2023: A quiet year for regulation A review of regulatory changes implemented in the past year 28 Portfolio Management How the cost of funds is pushing the boundaries of bond portfolio's net margins 30 Checks & Balances ICBA advocacy results in nationwide 1071 delay. Connect with ICBA @icba facebook.com/icbaorg linkedin.com/company/icba youtube.com/user/ communitybankchannel @banklocally @myicba 12 2 // ICBA Independent Banker // December 2023http://www.youtube.com/user/communitybankchannel http://www.youtube.com/user/communitybankchannel http://www.facebook.com/icbaorg http://www.linkedin.com/company/icba