Independent Banker - February 2023 - 11

CURRENCIES
NEWS
IN THIS ISSUE
Recognizing community
builders
" Knowing what transactions are
being performed and how your
customers are performing them
is invaluable information. "
-Tina Giorgio, ICBA Bancard
d Read more on page 20
Last November, $7.8 billion-asset Tompkins Community
Bank announced the eight winners of its annual
James J. Byrnes Awards for Excellence. The bank
honored the winners, all from central New York, for
their extraordinary commitment to bettering their
community through volunteerism.
The program launched in 1985 as the Tompkins Trust
Company Awards for Excellence and was renamed in
2014 upon James J. Byrnes' retirement as chairman
of Tompkins Financial Corporation and Tompkins
Trust Company.
" Commitment to the community is one of Tompkins'
core values, " said Abby Peterson, vice president,
marketing communications manager at Tompkins
Community Bank. " This is something that James Byrnes
really embodied in spirit. "
To be nominated, entrants-either individuals or
groups-must demonstrate that they better the quality
of life for others through involvement in a nonprofit
organization and/or through individual efforts. They
must also participate in ongoing volunteer services that
help the central New York community.
The winners receive $13,000-courtesy of the private
nonprofit Legacy Foundation of Tompkins County-to
split and donate to nonprofits of their choice.
" Every year, I learn something new about either an
individual or a not-for-profit group that's within our
community, " Peterson said. " It's really inspiring, and
it's exciting to be able to help tell the stories of these
people and organizations that are working hard to
improve the quality of life for others. " -Natalie Trimble
10 // ICBA Independent Banker // February 2023
From coins and stamps to art and baseball
cards, almost anything can be a collectible.
One type that's on the rise is non-fungible
(meaning unique) tokens, or as they're more
commonly called, NFTs. Created with the
same technology as cryptocurrency, NFTs
allow people to own original copies of digital
files. It's like owning an original piece of
art rather than a print. And prices can be
comparable to collecting art, too: Some
NFTs have sold for millions of dollars. Once
an NFT enters a database (blockchain), the
asset can be purchased, collected and traded
on several digital applications, like OpenSea
or Rarible. An NFT can take multiple forms,
including images, audio and videos. For
example, professional athletic leagues use
them for game highlights and musicians use
them for songs.
DEFINING FINANCE
Non-fungible
token (NFT)
noun [en-eff-tee]

Independent Banker - February 2023

Table of Contents for the Digital Edition of Independent Banker - February 2023

Table of Contents
Independent Banker - February 2023 - Cover1
Independent Banker - February 2023 - Cover2
Independent Banker - February 2023 - Table of Contents
Independent Banker - February 2023 - 2
Independent Banker - February 2023 - 3
Independent Banker - February 2023 - 4
Independent Banker - February 2023 - 5
Independent Banker - February 2023 - 6
Independent Banker - February 2023 - 7
Independent Banker - February 2023 - 8
Independent Banker - February 2023 - 9
Independent Banker - February 2023 - 10
Independent Banker - February 2023 - 11
Independent Banker - February 2023 - 12
Independent Banker - February 2023 - 13
Independent Banker - February 2023 - 14
Independent Banker - February 2023 - 15
Independent Banker - February 2023 - 16
Independent Banker - February 2023 - 17
Independent Banker - February 2023 - 18
Independent Banker - February 2023 - 19
Independent Banker - February 2023 - 20
Independent Banker - February 2023 - 21
Independent Banker - February 2023 - 22
Independent Banker - February 2023 - 23
Independent Banker - February 2023 - 24
Independent Banker - February 2023 - 25
Independent Banker - February 2023 - 26
Independent Banker - February 2023 - 27
Independent Banker - February 2023 - 28
Independent Banker - February 2023 - 29
Independent Banker - February 2023 - 30
Independent Banker - February 2023 - 31
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Independent Banker - February 2023 - 33
Independent Banker - February 2023 - 34
Independent Banker - February 2023 - 35
Independent Banker - February 2023 - 36
Independent Banker - February 2023 - 37
Independent Banker - February 2023 - 38
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Independent Banker - February 2023 - 40
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Independent Banker - February 2023 - 65
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Independent Banker - February 2023 - 67
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Independent Banker - February 2023 - 77
Independent Banker - February 2023 - Cover3
Independent Banker - February 2023 - Cover4
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https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
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https://www.nxtbook.com/mspc/independentbanker/august2021
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https://www.nxtbook.com/mspc/independentbanker/december2020
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https://www.nxtbook.com/mspc/independentbanker/december2019
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https://www.nxtbook.com/mspc/independentbanker/december2018
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https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
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https://www.nxtbook.com/mspc/independentbanker/august2017
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