The Independent Community Bankers of Minnesota is at work on the upcoming FutureBank '99 trade shows-even though it sold the high-tech banking forum last August.
The trade group agreed to help the show's new owners, New York publisher Faulkner & Gray, with the 1999 productions.
FutureBank, which began in 1994, has highlighted new technology products for community banks and travels to different cities each year. FutureBank '98 in Kansas City, Mo., attracted 315 vendors as well as representatives from 400 banks.
Allen I. Olson, president and chief executive officer of the Independent Community Bankers of Minnesota, said he was pleased to sell FutureBank because the shows had grown too big for his staff to manage. "It was dominating our time and work," he said. "The tail was wagging the dog."
Faulkner & Gray, a subsidiary of Thomson Financial Services-the company that also owns American Banker-bought the FutureBank shows from the Minnesota group's for-profit arm. The terms of the deal were not released.
The two groups are co-sponsoring FutureBank '99 in Minneapolis on May 12 and 13. FutureBank will also be held in Sacramento in September and in Atlanta in November.