Pub. 11 2023 Issue 4

Sometimes, bigger loans are out of reach for community banks. To get around that obstacle, community banks can join with other financial institutions to cosponsor bigger loans. Loan participations are one way for community banks to break into the bigger corporate loan market, and they have been gaining traction. The corporate loan market has been […]

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Brighton Bank John Briggs has been appointed Vice President and Branch Manager at Brighton Bank, overseeing operations at the Cottonwood Heights Office and serving as the Small Business Administration (SBA) and Commercial Loan Officer. With an impressive 21 years of experience in Commercial and Real Estate Banking, John brings a wealth of knowledge and a

KeyBank Women of the World Receives $120,000 Grant from KeyBank in Support of Employee Partnership Program KeyBank has awarded a $120,000 grant to Women of the World (WoW), a non-profit organization focused on overcoming employment barriers for forcibly displaced women residing in Utah. The grant will allow WoW to expand its Employee Partnership Program (EPP)

Looking to Drive Deposit Growth? Start With Data-Driven Strategies in Treasury Management   In an environment characterized by increasing interest rates and economic uncertainty, banks must address the interconnected threats of deposit runoff and uncertain loan portfolio returns to meet performance expectations. The recent run on deposits at both Silicon Valley Bank and Signature Bank

Meeting the credit needs of the communities a bank serves is an ever-evolving challenge. Even financial institutions with strong fair lending compliance management programs can have lending disparities in minority communities when compared to non-minority communities. For decades, discrimination in mortgage lending has led to unequal access to credit for minorities. As financial institutions look

Nearly 60 Emerging Bank Leaders convened at the Zions Tech Center in Midvale on Nov. 16, 2023, for the “Igniting Leadership” Conference, with another 150 attendees joining via Zoom. An impressive lineup of speakers offered diverse perspectives on leadership, many providing specific examples that have served them well in their careers. UBA Chair Andrea Moss

More than 100 compliance officers and attorneys gathered for the UBA Fall Compliance Conference, a three-day conference to explore “Building the Culture of Compliance,” at the Zermatt Resort in Midway on Nov. 1-3, 2023. Attendees heard from several compliance and subject experts, including multiple sessions with David Dickinson from Banker’s Compliance Consulting, Stephanie Lyon and

Financial Institutions Should Focus AI Efforts on 4 Key Areas This article was originally published on RSMUS.com. Artificial intelligence tools such as ChatGPT — though many are still nascent — are rapidly shifting the landscape in numerous industries, including the financial institutions space. The hype around these technologies may have some organizations prepared to run

Congratulations to the 2023 graduates of UBA’s Executive Development Program (EDP), who were honored at a special luncheon at the Hyatt Regency in downtown Salt Lake City on November 28. The event also featured the return of alumni from the previous 10 EDP classes, as well as a fireside chat with Federal Reserve Governor Michelle

The Utah Bankers Association understands the challenges of navigating a shifting economy. There is no denying that training is directly proportional to business outcomes, but training isn’t cheap! Organizations must invest in learning and development wisely by measuring the return on investment (ROI) of training initiatives. The Utah Bankers Association understands the challenges of navigating

Federal Reserve Governor Michelle Bowman addressed Utah bankers and business leaders at a special breakfast — hosted by the Utah Bankers Association and local business groups — at the Hyatt Regency in Salt Lake City on Nov. 29, 2023. Local and state dignitaries were in attendance, including Governor Spencer Cox, Congressman Blake Moore and numerous

The early 2000s are re-emerging with their crop tops, low-rise jeans, flip phones and mortgage buydowns. Deja-vu! Pre-crisis teaser rates have been reborn into mortgage buydowns, both temporary and permanent. With the housing markets remaining pricey and rates still higher than they have been in years, many buyers are looking for assistance in any form.

Whenever a new election cycle comes along, it’s not uncommon to hear pundits make mention of “red waves” or “blue waves,” denoting potential power swings in Congress. But as bankers contemplate the future of our country and the policy environment that will shape the future of our industry, there’s another wave that we need to

Why are bank regulators destroying the Community Reinvestment Act (CRA)? The unintended consequences remind me of one of my favorite quotes from Star Wars, in which my teenage crush, Princess Leia, schools Grand Moff Tarkin: “The more you tighten your grip … the more star systems will slip through your fingers.” Speaking of 1977, CRA