OFFICIAL PUBLICATION OF THE UTAH BANKERS ASSOCIATION

Pub. 11 2023 Issue 1

Rising Interest Rates May Shut Some Community Banks out of FHLB Funding

Measuring capital value can sometimes be challenged by the type of scale that is used. Take the tangible capital rule that determines if a bank qualifies for Federal Home Loan Bank (FHLB) advances. Created in 1932, the FHLB system promotes its role as a source of liquidity to banks, particularly during times of economic stress. In

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Instant Payments: Let’s Get the Ball Rolling

What Is an Instant Payment? By definition, an instant payment enables the payment originator and the recipient to message and settle a transaction in real-time (within seconds) in their respective accounts. This enables the recipient to use the funds immediately. Instant payments are also final; there is no settlement delay between the payment message and

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Bank Kudos

Altabank Stan Sorensen, Altabank SVP and Chief Marketing Officer, was named one of Utah’s Marketing Professionals of the Year by Utah Business Magazine. Sorensen came to Altabank in 2019 to deliver the bank’s rebrand. He has extensive marketing experience spanning technology and healthcare. KeyBank Utah Food Bank Receives $100,000 Grant from KeyBank to Support Culturally

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Banker Day at the Utah State Legislature

Nearly 100 bankers met at the Utah State Capitol on Valentine’s Day. But “love” was not the buzzword on this day; that title belonged to ESG. Utah State Treasurer Marlo Oaks greeted attendees with some pointed words about ESG and his firm belief that it has no place in capital markets. UBA President Howard Headlee

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Ludwig on CRA Revamp, Bank-Fintech Scrutiny, and Crypto’s Future

Bankers aren’t exactly thrilled with the current proposal to reform the Community Reinvestment Act. They’ve publicly criticized much of it, from the examinations that would likely become more stringent; to online lending changes that could harm low- and moderate-income communities; to the timeline for finalizing and implementing the rule. Trade groups have even warned about

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They Opened Your Email. Now What?

You’re sending out emails. But, are you getting the response and the return that you want and deserve? Even if you’ve been in the bank marketing business for a relatively short time, you probably understand the power of marketing automation. And when it comes to automating marketing processes, there’s nothing like using automation to supercharge

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The Edulogue – Are Your Employees Innovative?

Digital transformation, the rise of fintech, a greater emphasis on the customer experience, more regulation, and social and environmental responsibility are a few of the banking challenges to have emerged in the last few years. These challenges, and the general economic instability brought on by high inflation and the forecast of recession in major economies,

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