ABA Banking Journal - November/December 2017 - 19

> POWER UP PROFILE

Funding the Future of
the Financial Industry
BY MONICA C. MEINERT

BANKER MIKE PATE is a longtime public servant with a passion for industry
advocacy. As an elected member of his local school board, he understands the ins
and outs of political campaigning. And as a banker for more than four decades,
he has been closely involved with the Nebraska Bankers Association, serving as a
member of the BankPac committee, grassroots committee and, most recently, as
NBA's past chairman.
When asked why he feels advocacy is
so crucial at this moment in time, the
president and CEO of United Republic
Bank in Omaha, Neb., responds that
the reason is two-fold. "First and
foremost, we're burdened with so
much regulation and in order for our
banking model to be sustainable well
into the future, we've got to win some
regulatory relief. The only way we're
going to do that is through grassroots
efforts involving our employees and
even our customers," he says. "The
second reason is that if this is our
chosen profession and an occupation
that's been good to us as a career,
we need to give back by being active
in advocacy."
As someone who has been involved
with multiple political campaigns
throughout his tenure in banking,
Pate understands that dollars make a
difference. "Politics often becomes a
money game," he acknowledges. "We
all have our interests at stake-we
need to protect them. It's becoming
increasingly necessary to contribute to
campaigns that promote good, solid
business policies, and banking policies
that promote good principles and fewer
burdensome regulations."
That's why it's important for bankers
to contribute to BankPac and the
Fund for Economic Growth, in addition

to being involved with grassroots
functions, he says.
At United Republic, Pate runs a
BankPac staff drive each year and
strongly encourages his eligible
employees to give. "We've been very
effective in raising funds for a bank our
size," he notes. "The employees hear
me speak about it, they know my active
interest and they understand the value
of giving back."
Nebraska bankers saw firsthand how
hard-earned fundraising dollars can
be put to good use in 2015, when a
grant from the Fund for Economic
Growth supported an effort by the
NBA to educate the public on the
tax benefits enjoyed by Farm Credit
System banks and credit unions. The
NBA engaged a local economist to
perform an economic impact study,
which found that the expansion of
both credit unions and the GSE since
the financial crisis had been a cause
of bank consolidations throughout the
state, creating an unlevel playing field
for banks.
The economist and NBA
representatives presented the findings
of the study to bankers across the
state, and for many, it was eyeopening. "People called me and said,
'We didn't realize credit unions were

"This is our chosen
profession and an
occupation that's been
good to us as a career,
we need to give back
by being active in
advocacy."
-Mike Pate

tax-exempt,'" Pate says, adding that
the study caught the attention of many
in the local media, providing bankers
an opportunity to bring the issue even
more into the public eye.
"What it really did was give us some
baseline data and information we could
then share with our lawmakers, so that
when they go to the state legislatures
or Washington, D.C., they'll have that
information," Pate says. "Through the
Fund, we can provide lawmakers with
valid and reliable research that can
help them make an informed decision
when they are expected to vote on
issues like this."
MONICA C. MEINERT is associate editor of the
ABA Banking Journal.
aba.com/BankingJournal | ABA BANKING JOURNAL

19


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Table of Contents for the Digital Edition of ABA Banking Journal - November/December 2017

Chairman’s View
Upfront
Legal Briefs
Economic Outlook
Power Up Profile
Pitching In
Choices and Options Down on the Farm
Eager or Not, Every Board Needs an M&A Strategy
Adapting to Survive
More Than Just a Drink
Operations
Payments
Small Business Lending
Human Resources
ABA Compliance Center Inbox
From the States
Corporate Social Responsibility
Index of Advertisers
From the Vault
ABA Banking Journal - November/December 2017 - Intro
ABA Banking Journal - November/December 2017 - ebelly1
ABA Banking Journal - November/December 2017 - ebelly2
ABA Banking Journal - November/December 2017 - cover1
ABA Banking Journal - November/December 2017 - cover2
ABA Banking Journal - November/December 2017 - 3
ABA Banking Journal - November/December 2017 - 4
ABA Banking Journal - November/December 2017 - 5
ABA Banking Journal - November/December 2017 - 6
ABA Banking Journal - November/December 2017 - 7
ABA Banking Journal - November/December 2017 - Chairman’s View
ABA Banking Journal - November/December 2017 - 9
ABA Banking Journal - November/December 2017 - Upfront
ABA Banking Journal - November/December 2017 - 11
ABA Banking Journal - November/December 2017 - 12
ABA Banking Journal - November/December 2017 - 13
ABA Banking Journal - November/December 2017 - 14
ABA Banking Journal - November/December 2017 - 15
ABA Banking Journal - November/December 2017 - Legal Briefs
ABA Banking Journal - November/December 2017 - 17
ABA Banking Journal - November/December 2017 - Economic Outlook
ABA Banking Journal - November/December 2017 - Power Up Profile
ABA Banking Journal - November/December 2017 - Pitching In
ABA Banking Journal - November/December 2017 - 21
ABA Banking Journal - November/December 2017 - 22
ABA Banking Journal - November/December 2017 - 23
ABA Banking Journal - November/December 2017 - 24
ABA Banking Journal - November/December 2017 - 25
ABA Banking Journal - November/December 2017 - Choices and Options Down on the Farm
ABA Banking Journal - November/December 2017 - 27
ABA Banking Journal - November/December 2017 - Eager or Not, Every Board Needs an M&A Strategy
ABA Banking Journal - November/December 2017 - 29
ABA Banking Journal - November/December 2017 - Adapting to Survive
ABA Banking Journal - November/December 2017 - 31
ABA Banking Journal - November/December 2017 - 32
ABA Banking Journal - November/December 2017 - 33
ABA Banking Journal - November/December 2017 - More Than Just a Drink
ABA Banking Journal - November/December 2017 - 35
ABA Banking Journal - November/December 2017 - Operations
ABA Banking Journal - November/December 2017 - 37
ABA Banking Journal - November/December 2017 - Payments
ABA Banking Journal - November/December 2017 - 39
ABA Banking Journal - November/December 2017 - Small Business Lending
ABA Banking Journal - November/December 2017 - 41
ABA Banking Journal - November/December 2017 - Human Resources
ABA Banking Journal - November/December 2017 - 43
ABA Banking Journal - November/December 2017 - 44
ABA Banking Journal - November/December 2017 - ABA Compliance Center Inbox
ABA Banking Journal - November/December 2017 - From the States
ABA Banking Journal - November/December 2017 - 47
ABA Banking Journal - November/December 2017 - Corporate Social Responsibility
ABA Banking Journal - November/December 2017 - Index of Advertisers
ABA Banking Journal - November/December 2017 - From the Vault
ABA Banking Journal - November/December 2017 - cover3
ABA Banking Journal - November/December 2017 - cover4
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