OFFICIAL PUBLICATION OF THE UTAH BANKERS ASSOCIATION

August 1, 2024

Branch Closings

Requirements and Nuances

As I am sure we are all aware, regardless of a bank’s regulator or state jurisdiction, there are certain notice requirements that apply when a bank will be closing a branch under Section 42 of the Federal Deposit Insurance Act (Section 42). To be exact, for any closure that would be subject to Section 42, the bank must provide 90 days prior written notice of any branch closing to its primary Federal regulator, as well as to all branch customers, to meet the applicable notice requirements. Further, the bank must also ensure that a notice is physically posted at the branch site at least 30 days prior to the intended date of closure to be in compliance with Section 42.

Branch Closings

Requirements and Nuances

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Bank Kudos

Capital Community Bank announced the successful acquisition of Security Home Mortgage (SHM), a well-respected provider of home mortgage solutions since 1999. This landmark deal marks a significant milestone in CCBank’s growth strategy, expanding its portfolio of financial services and reaffirming its commitment to fostering the financial well-being of the communities it serves. The business combination results in SHM becoming an independently operated subsidiary division of CCBank.

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The Power of Blogging

Enhancing the Community Bank Social Media Marketing Strategy

Time flies, doesn’t it? Yes, it’s time once again for our biannual article about blogging. Why? Content (marketing) is king. Not only that, but over the last few years, a few months in fact, social media marketing has taken on an even greater importance. The opportunities that messaging across social media platforms in particular, are enormous.

The Power of Blogging

Enhancing the Community Bank Social Media Marketing Strategy

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UBA Women in Banking Conference

The Utah Bankers Association hosted its 19th Annual Women in Banking Conference April 18, 2024, in downtown Salt Lake City and via Zoom. More than 200 bankers filled the Radisson hotel ballroom, with nearly 250 more joining online, for an inspiring day of speakers, featuring networking expert Ellen Poole, First Community Bank President & CEO Shelly Holt, Nelnet President & CEO Andrea Moss, Utah State Sen. Luz Escamilla and many others.

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Message From the New UBA Chair

My name is Mark Packard. To introduce myself, let me share a little bit about the people closest to me. I am married to the amazing Wendy Lee Packard, who asked me out on our first date by sliding a deposit slip into the bank drive up with her name and phone number. What a gutsy move, how could I ever say no to a girl like that! We have three beautiful daughters who TRY to keep their father out of trouble. I have an amazing mentor and best friend who I have worked with for over 40 years, and just so happens to be my brother, Matt Packard. Come to think of it, he has tried to teach me lessons for almost 60 years. I am the last child of Cal and Betty Packard, who I love and miss dearly. I am a fifth-generation banker at Central Bank, which started in Springville in 1891.

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116th Annual UBA Convention Recap

The 116th Annual UBA Convention returned to the beautiful Sun Valley Resort on June 23-26, 2024. The setting was picturesque, the weather was idyllic and the turnout was outstanding, with more than 400 bankers, guests and business partners gathering to reconnect with friends, collaborate with colleagues and enjoy time with family. The event kicked off

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