Keynote: Edwin Elfmann, Senior VP of Agriculture and Rural Banking Policy, American Bankers Association (ABA)
Banking and You – Understanding the current banking situation around industrial hemp, credit, loans, transactions, and regulations
In addition to growers and retailers, there are vendors, suppliers, landlords, and employees indirectly tied to the hemp industry. This poses legal risk for banks serving such entities and individuals, as indirect connections to hemp revenues are hard, if not impossible, for banks to identify and avoid.
The rift between federal and state law has left banks trapped between their mission to serve the financial needs of their local communities and the threat of federal enforcement action. Following Mr. Elfmann’s remarks there will be a panel discussion to dive into these issues further and provide attendees with the opportunity to ask questions.
- Edwin Elfmann, Sr. Vice President American Bankers Association
- Valentin Celaya, Sr. Vice President Credit, Northwest Farm Credit Services
- Gordon Zimmerman, President and CEO, Citizens Bank
- Moderator: Linda Navarro, President and CEO, Oregon Bankers Association