2025 Pub. 13 Issue 1

Capital Matrix Inc. Capital Matrix is a certified development company (CDC) located in Boise, Idaho. They promote the SBA 504 program and partner with area lenders to provide real estate and equipment financing to small business owners in Idaho, Utah, Montana, Oregon and Washington. Visit capitalmatrix.org or contact Ann Munroe at amunroe@capitalmatrix.org for more information. […]

ALTABANK Angela Price joined Altabank as senior vice president/director of retail marketing. She is responsible for retail banking across Altabank’s 24 branches. Previously, Angela was vice president of business development at First Community Bank. She also has experience with Zions Bank, Chase and Washington Mutual. She is based in American Fork. BANK OF UTAH Lacey

With 15 years as president and CEO, and over 35 years of dedicated service, Eric Schmutz has retired from State Bank of Southern Utah. A lifelong resident of Cedar City, Eric’s deep-rooted commitment to the community and the banking industry has left a lasting impact on both.

Altabank Chief Marketing Officer Stan Sorensen received the Silicon Slopes Hall of Fame CMO of the Year for 2024. The award was presented at Slopes Summit in January.

In the digital battlefield of cybersecurity, our most unpredictable adversary doesn’t lurk in the shadows of the internet. It’s chilling in our heads. I’m talking about our frontal lobe. It’s the mastermind behind our daily routines and, unfortunately, our cybersecurity lapses.

The Utah Bankers Association hosted “Next-Gen Fraud Prevention: Tools and Tactics for 2025” — in partnership with the Utah Fraud Prevention Coalition — on Feb. 12, 2025, at the Zions Tech Center in Midvale and online via Zoom.

For HR professionals in banking, compliance isn’t just a requirement — it’s a critical pillar of risk management. A failure to align with evolving regulations can lead to hefty fines, legal battles and reputational damage, all of which can impact your institution’s bottom line. However, staying on top of compliance changes is time-consuming, especially with shifting federal and state mandates. To help, the following are some key regulatory developments that banking HR professionals should keep on their radar.

The Utah Bankers Association held its annual Ag Outlook & Conference at the Hyatt Place in Provo on Feb. 25-26, bringing together bankers, agribusiness professionals and economic experts to discuss the latest trends shaping agricultural finance.

An “on-us” check is one that is drawn on an account held at the same bank at which it is presented. That is, the bank is both the depository bank and the payor bank. In simple terms, the opposite of an on-us check is a transit check. A transit check is presented at another financial institution and subsequently sent to the payor bank through a clearing process for settlement. On-us checks carry different risks than transit checks, creating distinct responsibilities, particularly regarding wrongful dishonor and funds availability.