Pub. 12 2024 Issue 1

Meet “loud budgeting” — a bold and outspoken new approach to money management recently made viral by TikTok. Instead of people quietly whispering to themselves about student loans or credit cards, loud budgeting would have them shout from the rooftop about skipping coffee breaks in favor of high-yield savings accounts.

Welcome Our New Associate Members!

CCBank CCBank Kicks Off Official Bank Partnership with Utah WarriorsCCBank is excited to announce its official bank partnership with the Utah Warriors Major League Rugby organization. Both organizations believe in the power of teamwork, perseverance and dedication to achieving goals, making this collaboration a natural fit. “We are so proud that this unique partnership with

Bank of Utah After a distinguished 43-year career in banking, including the past 15 years at Bank of Utah, Roger Christensen is retiring from his position as senior vice president of marketing, communications and business development. “Roger’s influence and dedication have played an instrumental role in the bank’s success during his tenure here. We deeply appreciate

After another year of economic uncertainty and amid an ongoing battle for deposits, it is important for community banks to keep their finger on the pulse of what their commercial business customers’ pain points and concerns are in order to strengthen those relationships.

This year’s Ag Outlook & Conference — the UBA’s longest-running conference — was held Feb. 6-7, 2024. Nearly 40 ag lenders from around Utah convened at the Provo Marriott Hotel & Conference Center to hear from experts on topics ranging from economic and food trends to weather to the Great Salt Lake.

We all know that attracting new talent post-pandemic has become difficult, and the organizational structures of many banks have been disrupted.

A contingent of Utah bankers flew to Washington, D.C., in March to attend the ABA Washington Summit and to meet with the Utah Congressional Delegation. With so much happening on the legislative and regulatory fronts that will directly affect the industry, this was a crucial time for bank leaders to connect with their representatives in D.C.

In 1990, Scott Anderson left a promising career at Bank of America to return to Utah and work at his hometown bank. More than three decades later, he now retires as president and CEO, leaving Zions Bank, the banking industry and the larger community immeasurably transformed by his leadership.

In 2010, the Durbin Amendment was dropped into Dodd-Frank in the dead of night, and without so much as a hearing, the government imposed restrictions and price controls on debit cards and connected checking accounts. Bankers warned that mega-retailers would not pass on any savings at the checkout and that bank customers would ultimately foot the bill in lost rewards. Both predictions have proven true, but for reasons clear only to the Federal Reserve, the government is poised to double down on this misguided policy with another 30% cut in debit interchange followed by an automatic biannual adjustment. This “one-way ratchet” will continue to hack away at debit programs every two years based on data and a formula of the Fed’s choosing without public comment.