Pub. 12 2024 Issue 2

Using their cloud-native Arctic Wolf Platform, Arctic Wolf Networks help organizations end cyber risk by providing security operations as a concierge service, solutions that include Managed Detection and Response, Managed Risk, Managed Security Awareness and Incident Response.

Altabank Kelly Ward has joined Altabank as senior vice president and southern regional manager. As southern regional manager, he is responsible for all branch banking operations in the southern part of Utah County. Ward is a well-known name in Utah banking, having spent 23 years with Zions Bank in a variety of roles. He is

As I am sure we are all aware, regardless of a bank’s regulator or state jurisdiction, there are certain notice requirements that apply when a bank will be closing a branch under Section 42 of the Federal Deposit Insurance Act (Section 42). To be exact, for any closure that would be subject to Section 42, the bank must provide 90 days prior written notice of any branch closing to its primary Federal regulator, as well as to all branch customers, to meet the applicable notice requirements. Further, the bank must also ensure that a notice is physically posted at the branch site at least 30 days prior to the intended date of closure to be in compliance with Section 42.

As the war for talent rages on, organizations are constantly facing the challenges of acquiring good people while also protecting their own top performers from being poached.

Capital Community Bank announced the successful acquisition of Security Home Mortgage (SHM), a well-respected provider of home mortgage solutions since 1999. This landmark deal marks a significant milestone in CCBank’s growth strategy, expanding its portfolio of financial services and reaffirming its commitment to fostering the financial well-being of the communities it serves. The business combination results in SHM becoming an independently operated subsidiary division of CCBank.

Time flies, doesn’t it? Yes, it’s time once again for our biannual article about blogging. Why? Content (marketing) is king. Not only that, but over the last few years, a few months in fact, social media marketing has taken on an even greater importance. The opportunities that messaging across social media platforms in particular, are enormous.

The Utah Bankers Association hosted its 19th Annual Women in Banking Conference April 18, 2024, in downtown Salt Lake City and via Zoom. More than 200 bankers filled the Radisson hotel ballroom, with nearly 250 more joining online, for an inspiring day of speakers, featuring networking expert Ellen Poole, First Community Bank President & CEO Shelly Holt, Nelnet President & CEO Andrea Moss, Utah State Sen. Luz Escamilla and many others.

Eric Schmutz, president & CEO of State Bank of Southern Utah, was recognized as the 2024 Distinguished Banker in a presentation at the 116th Annual Utah Bankers Association Convention on June 25, 2024.

My name is Mark Packard. To introduce myself, let me share a little bit about the people closest to me. I am married to the amazing Wendy Lee Packard, who asked me out on our first date by sliding a deposit slip into the bank drive up with her name and phone number. What a gutsy move, how could I ever say no to a girl like that! We have three beautiful daughters who TRY to keep their father out of trouble. I have an amazing mentor and best friend who I have worked with for over 40 years, and just so happens to be my brother, Matt Packard. Come to think of it, he has tried to teach me lessons for almost 60 years. I am the last child of Cal and Betty Packard, who I love and miss dearly. I am a fifth-generation banker at Central Bank, which started in Springville in 1891.