Pub. 10 2022 Issue 2

In the 14 years since blockchain technology’s invention, banks have been left to compete with emerging business models and new stores of value, while operating in an uncertain vacuum
of regulatory guidance. The resulting whiplash of lightning-fast innovation seemingly incapacitated the U.S. regulators of currencies, commodities, and securities.

When it comes to the creation of a U.S. central bank digital currency, many bankers take comfort in the conventional wisdom that any such move — if it happens at all — will take years to come to fruition. With many technical hurdles to overcome, not to mention the massive challenge in passing legislation to authorize a CBDC,
they believe time is on their side.

The need for learning and development in America’s banks has never been more urgent than it is today. COVID-19 instigated global disruption, transformed economies, and changed the nature of work and the workforce. The need to address the critical social dynamics of diversity, equity, and inclusion while meeting the desire of
younger generations for easy and immediate access to data has added an additional layer of stress and the need for training.

The Utah Bankers Association hosted its 17th Annual Women in Banking Conference on April 14, 2022. With nearly 150 attendees at the Salt Lake City Marriott University Park and over 300 more joining on Zoom, it was our largest Women’s Conference yet.

CHAIRMatt BloyeWells Fargo Utah Regional Banking DirectorSalt Lake City VICE CHAIRAndrea MossNelnet Bank President & CEODraper 2ND VICE CHAIRMark PackardCentral Bank PresidentProvo IMMEDIATE PAST CHAIREric SchmutzState Bank of Southern Utah President & CEOCedar City PRESIDENTHoward HeadleeUtah Bankers Association PresidentSalt Lake City CHAIR, REGIONAL BANK ADVISORY COUNCILBrittany WestoverJPMorgan ChaseIntermountain Region Manager, Middle MarketSalt Lake City CHAIR,

It would have been the largest acquisition of a community bank by a credit union – but word came in mid-June that the deal was off between VyStar Credit Union and Heritage Southeast Bancorporation after a failure to receive regulatory approvals. If completed, the deal would have made
Jacksonville, Florida-based VyStar the 13th largest credit union in the nation.

Recently, I was rummaging through my mother’s basement when I found a fascinating letter to my father from the White House, signed by Bill Seidman. I guess I
never knew of their relationship. The letter began, “The President and the Congress have agreed to hold a Conference on Inflation. They would appreciate your participation …”