BankPAC Check Presentation
UBA’s partnership with the ABA BankPAC is central to our advocacy strategy. In July, UBA Chairman Mark Packard once again delivered support from Utah bankers, who have met our goal for BankPAC contributions for more than 30 years. Overall, BankPAC contributions to members of Utah’s Congressional delegation have far exceeded the amount of PAC funds raised by Utah bankers every year — a net positive for the state!
Congratulations to the First Graduating Class of the UBA’s Management Development Program!
The MDP is a 10-course program for bank managers wishing to advance their careers by broadening their understanding of the key success elements required to manage a successful banking organization.
Altabank
Altabank Engages Communities Through Summer Events
This summer, Altabank demonstrated its ongoing commitment to supporting local communities by actively participating in and sponsoring a wide range of events across Utah. From parades and rodeos to festivals and cultural celebrations, the bank’s presence was felt throughout the region.
Altabank proudly served as a sponsor for notable events such as the American Fork Steel Days, the Cache Valley Rodeo and others. The bank also supported signature community staples like the Salt Lake Farmer’s Market, Spanish Fork Fiesta Days Rodeo and the iconic Provo Freedom Festival, where they contributed to both the parade and the Stadium of Fire.
Through these sponsorships, Altabank continues to foster community spirit and contribute to the vitality of local traditions.
Bank of Utah
Bank of Utah Opens New Mortgage Loan Office in Vernal
Bank of Utah announced the addition of a new mortgage loan production office in Vernal. The Uintah Basin Mortgage Branch, located at 1056 W. Hwy. 40, will offer a comprehensive range of mortgage services, including construction lending, Jumbo financing, Utah Housing loans, USDA Rural Housing loans and FHA/VA loans, among others, and will be staffed with a skilled team dedicated to serving the local community’s mortgage needs.
“The Uintah Basin has seen an increasing demand for housing, fueled by local economic growth and an influx of new residents drawn to the area’s stable job market and recreational opportunities. Bank of Utah’s expansion into Vernal underscores our commitment to meet the financial needs of customers throughout the state,” said Branden P. Hansen, president of Bank of Utah. “With a highly experienced team led by Kimberly Rojas, we are confident that our new branch will provide exceptional service and support to our Eastern Utah residents.”
Bank of Utah Helps Equip Students in Record‑Breaking Back-to-School Drive
Bank of Utah supported United Way of Northern Utah’s (UWNU) largest-ever back-to-school campaign. By hosting seven school supply drive locations, Bank of Utah collected over $2,271 of in-kind donations and backpacks, ensuring that students across Northern Utah are equipped for success in the classroom.
UWNU set a bold new goal for 2024, aiming to increase school supply donations by 50% to help students facing challenges access essential supplies. Thanks to the overwhelming support from the community and partners like Bank of Utah, UWNU is on track to surpass last year’s distribution and meet its new goal of 1,000 backpacks.
“We were happy to answer the call to support students in our area,” said Cherie Hanson, senior vice president of marketing and communications at Bank of Utah. “We, like United Way, believe every student deserves the opportunity to reach their full potential, and we’re proud to help provide them with the tools they need to succeed. We’re grateful to our employees and customers for their generous donations that made this possible.”
Sunwest Bank
Sunwest Bank recently participated in BankTech Ventures’ Annual Summit, which gathered nearly 100 banks and two dozen leading bank-enabling solution providers. Carson Lappetito, president of Sunwest and general partner of BankTech Ventures, led two important panels: “The Toaster of Today: Tech-Enabled Services to Deepen Commercial Customer Relationships” and “Utilizing Your Bank’s Data to Drive Decisions, Priorities and Actions.”
“The collaboration among many of the best bankers in the country is one of the most inspiring parts of the BankTech Summit,” said Lappetito. “Everyone shows up with an open mind, ready to learn from each other and find what’s working for their peers in other parts of the country. One of the other themes this year was that bank leaders want to expose more people in their banks to innovative ideas and more creative thinking and problem-solving.”
The BankTech Summit is where growth-oriented community banks go to connect with other like-minded bankers, share ideas and best practices, and meet breakthrough companies who are partnering with and making community banks better. Banks can join BankTech Ventures to access market intelligence, like-minded, growth-oriented bankers and a portfolio of leading bank-enabling solutions. For more information, visit www.banktechventures.com.
TAB Bank
Introducing TAB Spend by TAB Bank — Setting a New Standard in Checking Accounts with High-Yield Interest and Rewards
TAB Bank introduces TAB Spend, a cutting-edge rewards checking account that offers customers two ways to compound their cash: high-yield interest and cash-back rewards on everyday purchases. This new offering helps customers maximize their financial benefits while enjoying unparalleled convenience and security.
Currently, TAB Spend offers an interest rate of 3.50% Annual Percentage Yield (APY) on account balances. Additionally, account holders can earn 1.00% cash back on debit card purchases, making everyday spending more rewarding. Few checking accounts offer both benefits without minimums or fees.
TAB Bank Backs Dirty Dough’s Sweet Success with $2 Million Working Capital Facility
TAB Bank has announced the closing of a $2 million working capital facility for Dirty Dough, a rapidly expanding gourmet cookie company based in Lindon, Utah. The financing will provide Dirty Dough with the ingredients to support its continued growth and nationwide expansion.
TAB Bank Announces More Than $103 Million in Credit Facilities for Q2 2024
TAB Bank successfully closed $103 million in credit facilities with nearly 400 companies during the second quarter of 2024. Financing included loans for working capital, equipment and commercial real estate, small business lines of credit and accounts receivable funding. The companies funded span numerous sectors, including manufacturing, commercial real estate, construction, transportation and dental supplies. TAB Bank remains a trusted financial ally for businesses of all sizes, providing crucial capital to enhance growth and profitability nationwide.
