July 24, 2023

Hunt Financial Group Hunt Financial Group solely works with community banks. They help to implement short-term compensation strategies, incentive plans and long-term benefit plans that retain key executives with protection at retirement, death, disability and change in control. They also provide peer supporting data to help management, the compensation committee and the board make these […]

AltaBank Wendy Alexander joined Altabank as a Commercial Relationship Banker in the Draper branch. Her previous banking experience includes nine years at Zions Bank and 15 years with KeyBank. Jon Banks (not pictured) joined Altabank as a Commercial Relationship Manager in the Orem branch. Prior to Altabank, he spent 13 years as a Commercial Lender

Creating a balanced portfolio in a turbulent market means leveraging data to both manage risk and create long-term value. Even the most optimistic outlook on today’s economic environment is uncertain at best. Interest rates are climbing, loan demand has slowed, and talks of a recession mount. What’s more, recent market volatility and threats to banks

Altabank Altabank recently completed its annual book drive for Intermountain Health’s Reach Out and Read Program. The month-long drive brought in 1,315 books. Studies show that children who read with and to their family members experience greater emotional and intellectual well-being. Reach Out and Read provides books for Intermountain Health pediatricians to give to their

Fraud is a frequent and ongoing threat to both businesses and consumers. According to the Federal Trade Commission (FTC), there were over 1.1 million reports of identity theft received through the FTC’s IdentityTheft.gov website in 2022. Securely shredding papers with confidential and personal information is still one of the best ways businesses and individuals can

In the current interest rate environment, hedging is proving to be a particularly useful tool to secure the interests of both banks and borrowers: the forward rate lock (FRL) hedge. PCBB’s SVP of Hedging Solutions, Femi Audifferen, explains why now might be a good time for community banks to get started with this lending solution

The dust has largely cleared from the collapses of Silicon Valley Bank (SVB), Signature, and First Republic, but the policy implications still loom large. Stricter requirements for capital levels, stress testing, and resolution planning are in the works, and the FDIC has suggested some changes to the deposit insurance system. On the plus side for

UBA’s 18th Annual Women in Banking Conference was held on April 13, 2023, in downtown Salt Lake City and online via Zoom. Nearly 200 attendees packed the Radisson ballroom, with another 50 joining online, to hear from a diverse lineup of speakers that included Gail Miller, American Ninja Warrior veteran Maggi Thorne, Coca-Cola Executive Lisa

The OCC recently released its Semiannual Risk Perspective for Spring 2023, highlighting liquidity, operational, credit and compliance risks among the key risk themes in the report. These go hand-in-hand with the industry trends of mobile banking, artificial intelligence and chatbots, open banking and cryptocurrency, which are reshaping the industry. These trends and challenges need to

Since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) in 2010, there have been significant compliance impacts for financial institutions, including the creation of the Consumer Financial Protection Bureau (CFPB). One of the more significant sections of Dodd-Frank that has been looming since the passage of the Act is Section