November 1, 2022

A 2021 decision from the Utah Court of Appeals, Daniels v. Deutsche Bank National Trust, et al., presents a cautionary reminder to lenders. The case began with an ordinary $300,000 loan, secured by a deed of trust against the borrower’s home, and ended with the borrowers taking their home free of the bank’s lien. To add insult to injury, the bank was required to reimburse the borrowers $95,523 in legal fees.

FHN Financial is an industry leader in fixed income sales, trading, and strategies for institutional customers in the U.S. and abroad.

Download the PDF: http://utah-banker.thenewslinkgroup.org/wp-content/uploads/2022/11/Vericast-article-September-2022.pdf

The new era of opening accounts online is here. Over time, more people have opted to open accounts online instead of in person at a branch, as some of us might be used to. And with online account opening come uncertainties in staying compliant with Bank Secrecy Act requirements.

More than 40 bankers convened for the 2022 UBA Community Reinvestment Conference on Oct. 4, 2022, both in-person at Rice-Eccles Stadium in Salt Lake City and online via Zoom. With so much happening in the CRA space, attendees enjoyed the opportunity to reconnect and share ideas with colleagues.

Altabank Russ Carnahan has been promoted to the Branch Manager in Washington County. Russ has been at Altabank for 11 years and has been in banking since 2001, previously with Sunfirst Bank and Town & Country Bank. Mark Southam is moving from Relationship Banker to Loan Specialist at the Orem branch. Mark has been with

Bank of Utah Announces Winners of 2022 “My Utah” Photo Contest A stunning photo of Utah Lake’s seasonal ice stacks, taken by Jami Bollschweiler of Weber County, won first prize in Bank of Utah’s 2022 “My Utah” photo contest. Now in its third year, the bank’s photo contest has gained popularity, resulting in a pool

Lydia Levin Recognized with ABA Emerging Leader Award Lydia Levin, SVP, Channel Strategy at Zions Bank in Salt Lake City, was one of 11 recipients of the American Bankers Association’s inaugural Emerging Leader Awards, honoring the next generation of bank leaders for their high standards of achievement and service to the industry and their communities.

A group of Utah bankers traveled to Washington, D.C. in September to meet with federal regulators and Utah’s Congressional delegation.

Banks and other financial institutions handle some of the most sensitive parts of an individual’s life. We hope that our information is safe with these organizations, but unfortunately, breaches happen far too often. In fact, 62% of breached data came from financial services in 2019. And companies in the financial services sector can suffer dramatically if a breach occurs.