October 22, 2020


Bankers on the Move

Amy Renner Hendricks has joined Bank of Utah to serve as a digital content writer, having previously worked as senior writer/editor for Weber State University’s Department of Marketing & Communications, and as writer/project manager for WSU’s Dr. Ezekiel R. Dumke College of Health Professions. She has a B.S. in communications from the University of Tennessee-Knoxville.


Bank Kudos

Bank of Utah kicked off a “Reaching New Heights” fundraising campaign in July to help Weber County Search and Rescue (WCSAR) purchase a new $30K high-tech drone that would significantly cut rescue time in reaching stranded and injured people in the county’s diverse terrain. Bank of Utah and WCSAR hosted an event at Weber State University on July 16, featuring a demonstration of the drone for invited guests and the press.


Check Writers Are More Important Than Ever Before

In this era of digital banking, it may be surprising just how many people still write checks — and why. Just as surprising is the lost opportunity financial institutions face by missing out on check order capture at account opening or leaving it up to third-party providers to drive check reorders. There’s money being left on the table, and the revenue potential of check programs is being downplayed.


Best Practices for Choosing a Fintech Lending Partner

Lending competition is accelerating as banks implement digital tools and embrace partnerships with financial technology firms (fintechs). Various industrial banks, in Utah and elsewhere, have created a successful business model working with fintechs to offer a variety of lending products. Now, traditional banks are also looking at accelerating their digital strategies as both businesses and consumers become increasingly comfortable with online lending.


New Standards for Risk and Best Practice In Construction Lending

Rewards for running a tight construction loan portfolio are huge and can lead to massive growth. Failure in construction lending can be catastrophic and has led to the collapse of many financial institutions. Being prepared for a recession, while poised for growth can be difficult. Here is what you need to know to run a successful construction portfolio so your Financial Institution (FI) reaps the rewards and skips the failure.


112th Annual Utah Bankers Association Convention

The 112th Annual Utah Bankers Association Convention looked a little different this year. With the COVID-19 Pandemic, the UBA made the difficult decision to move the annual convention from Sun Valley, Idaho, to a virtual format so bankers and those attending could stay safe and healthy. Teaming up with four other states, Idaho, Nevada, Oregon and Washington, and over 1,200 attendees, this year’s convention was one for the books.