CCBank
CCBank Acquires Security Home Mortgage
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.
This acquisition of SHM is a testament to CCBank’s strategic vision to offer a comprehensive suite of financial products that cater to the evolving needs of its customers and community. “CCBank and Security Home Mortgage are well-established Utah companies,” said Matt Field, CCBank’s president & CFO, “and this partnership enables us to strengthen our market position to continue delivering industry-leading financial products, services and home mortgages to our friends, families and neighbors who entrust us with their financial well-being.”
CCBank Celebrates Grand Opening of New Corporate Office Building
CCBank opened their new corporate office building in Pleasant Grove, marking a significant milestone in their commitment to better serving their members and community. The construction represents their dedication to centralizing their efforts to provide an enhanced banking experience for their valued members. By focusing on company-wide operations, they are aiming to streamline processes, improve efficiency and ultimately deliver superior service to every customer.
KeyBank
Utah Community Action Program Expanding Workforce Development Initiatives Thanks to $300,000 Grant from KeyBank
Utah Community Action (UCA) has received a grant from KeyBank for $300,000 in support of the expansion of its workforce development program, which offers training and credentials to help low-income individuals increase wages, benefits, job retention and further their career opportunities.
Founded in 1965, UCA is one of over 1,100 community action agencies across the country providing low- and moderate-income families with comprehensive services to lift people out of poverty. The grant from KeyBank will help to expand the UCA’s Workforce Development program to include innovative workforce solutions, which may include custodial work and various trades such as HVAC technicians, electricians, plumbers and other contracted expertise that remains in short supply in Utah.
“We have seen the increased need to support and provide workforce development and other essential life skills to disadvantaged adults in our community,” said Drew Yergensen, president of KeyBank’s Utah market. “This grant will help to equip more young adults in our community with the confidence, skills and training needed to navigate the workplace and manage their household budgets.”
KeyBank Teammates Volunteer at Organizations in Utah on 33rd Annual Neighbors Make the Difference Day
KeyBank hosted its 33rd annual Neighbors Make the Difference Day® on Thursday, June 6. Teammates in Utah spent time volunteering with community organizations at six different service projects in the region, joining thousands of KeyBank teammates nationwide receiving paid time off to volunteer at more than 550 projects in their neighborhoods.
Local Neighbors Make the Difference Day locations included Utah Food Bank, Tremonton Food Pantry, Red Barn Farms, My Home Town, Bountiful Food Pantry and others.
“Neighbors Make the Difference Day is another way that KeyBank invests in Utah by dedicating our collective time and talent to help communities thrive,” said Drew Yergensen, KeyBank Utah market president. “On this day and every day, we take pride in showing up in our region and all of the communities we serve to brighten lives and help transform neighborhoods in a meaningful way.”
TAB Bank
Terri Lins of TAB Bank Wins Utah Business Executive Excellence Award
Terri Lins, chief credit officer at TAB Bank, has received the Utah Business Executive Excellence Award. The award celebrates the highest achievements in Utah’s business community and highlights members of the executive team for their strategic vision, resilient leadership and profound influence on improving the business landscape and quality of life in Utah.
TAB Bank Closes More Than $41 Million in New Credit Facilities in First Quarter 2024
TAB Bank closed more than $41 million in major credit facilities in the first quarter of 2024. Deal sizes ranged from under $1 million to $10 million from companies across the United States in the paper products, food, trucking and shipping, retail, construction and marketing industries. For these companies, the bank is a financial partner facilitating access to capital resources for growth and improved profitability.
TAB Bank Deemed Best Community Bank by Utah’s Best of State Awards
TAB Bank has been named Best Community Bank by the Utah Best of State Awards for the second year in a row. TAB Bank was honored at the Best of State Gala on Friday, May 24, 2024, at the Salt Palace Grand Ballroom in Salt Lake City.
The Best of State Awards celebrates Utah’s outstanding individuals, businesses and organizations across various industries who excel in their endeavors, use innovative approaches or methods, and contribute to a better quality of life in Utah. Best of State judges selected TAB Bank for its community and social responsibility efforts and for providing financial solutions for businesses, families and individuals nationwide, uniquely designed to serve the needs of the underserved.
Zions Bank
Bankers Brighten Up Homes During 32nd Annual Paint-a-Thon
Twenty-eight homes throughout Utah, Idaho and Wyoming received makeovers by Zions Bank employees during the company’s 32nd annual Paint-a-Thon. From June 10-14, more than 2,100 volunteers — consisting of local bank employees and their family members — participated in the service project.
Along with brightening neighborhoods, the Paint-a-Thon aims to help older adults, people with disabilities and veteran homeowners take pride in their homes and maintain their independence. In addition to painting, Zions employees provided yard clean-up, pruning, mowing, planting and minor repairs as needed by homeowners.
Launched in 1991, Zions Bank’s Paint-a-Thon began as a volunteer project for a dozen homes along Utah’s Wasatch Front. Over the three decades, Zions Bank employees have set aside summer pastimes for a week each year — volunteering in the evenings after work — to paint 1,315 homes throughout Utah, Idaho and Wyoming. Not counting the dollar value of volunteer hours through the years, the bank has donated more than $1.4 million toward beautifying homes in the three states.
Zions Bank Welcomes Global Leaders to International Trade Summit
Zions Bank welcomed former U.S. President George W. Bush to Salt Lake City in May as the keynote speaker at its Crossroads of the World International Trade Summit. The 43rd U.S. president shared insights on his eight years in the White House and the current geopolitical climate with an audience of 800 business and community leaders at the Grand America Hotel.
Other featured speakers at the summit included former Mexican President Vicente Fox, former Canadian Prime Minister Stephen Harper and former Senegalese President Macky Sall.
As companies based in the Intermountain West continue to grow overseas, Zions Bank and World Trade Center Utah brought together world leaders and top business minds to discuss global trade and business opportunities. In 2023, Utah exports exceeded $17.4 billion, according to the Office of the United States Trade Representative. About 85% of Utah’s exporting companies are small- to medium-sized businesses, and 20% of Utah jobs are tied to trade.
“As the world becomes increasingly connected, even small- and mid-size companies are finding ways to expand overseas, where 95% of consumers reside,” said Zions Bank President and CEO Paul Burdiss. “We want to help position local companies at the forefront of global commerce.”
