Pub. 1 2013 Issue 2

spring 2013 3 16 4 A Status Quo Election A Status Quo Election: This is not what the economy needed. By Howard Headlese, President 6 Rebooting the Branch: Reinventing branch banking in a multi-channel global environment. The rise of the digital consumer and the high cost infrastructure of physical banking locations are leading to a declining ROI for many branches. By Ryan J. Dent, PwC, Banking & Capital Markets Partner 10 Washington Update: Making a Difference Every Day: Financial Education for Lawmakers Banking issues can be complicated, but the business of banking – taking in deposits and making loans – is basic and essential. It’s the fuel that powers our nation’s economic growth engine. By Frank Keating, President and CEO, American Bankers Association 12 Compliance Corner By Darlia Fogarty, Director of Compliance, Compliance Alliance, Inc. 16 Be Aware of Corporate Account Takeovers ABA Insurance Services continues to see an alarming increase in the number and size of corporate account takeover claims. Article provided by ABA Insurance Services 18 The Community Bank of the Future: Transforming in this Decade of Change In order to thrive (not just survive) in this highly-competitive environment most banks must reevaluate their business models and realign them to meet the challenges ahead. By Anita Gentle Newcomb President and Founder |.G. Newcomb & Co. 21 UBA Education Department off to a Great Start in 2013 The UBA has a long-standing commitment to help our member banks do business better by offering a variety of timely, high quality and cost-effective conferences and events. 23 UBA Associate Members 25 Bank Kudos 29 Bankers on the Move 30 Education Corner ©2013UtahBankersAssociation |ThenewsLINKGroup,LLC.All rights reserved. The Utah Banker is published four times each year by Media Communications Group, Inc. in collaboration with The newsLINK Group, LLC for the UBA and is the official publication for this association. The information contained in this publication is intended to provide general information for review and consideration. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your specific circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the UBA, its boardofdirectors,or thepublisher.Likewise, theappearanceofadvertisements within thispublicationdoesnotconstituteanendorsementor recommendation of any product or serviced advertised. The Utah Banker is a collective work and assuchsomearticlesaresubmittedbyauthors thatare independentof theUBA. While The Utah Banker encour¬ages a first print policy, in cases where this is not possible,everyefforthasbeenmadetocomplywithanyknownreprintguidelines or restrictions.Contentmaynotbe reproducedor reprintedwithoutpriorwritten permission.For further information,pleasecontactthepublisherat:855-747-4003. UBA Board of Directors 2012/2013 EXECUTIVE COMMITTEE CHAIRMAN Louise P. Kelly President & CEO, EnerBank USA Salt Lake City, UT VICE CHAIRMAN Anthony J. Hall President & CEO Lewiston State Bank, Lewiston, UT 2 ND VICE CHAIRMAN Greg A. Winegardner Utah Regional President Wells Fargo, Salt Lake City, UT IMMEDIATE PAST CHAIRMAN Damon G. Miller Utah Market President U.S. Bank, Salt Lake City, UT COMMUNITY BANKADVISORYCHAIRMAN R. TodMonsen CEO/President Rock Canyon Bank, Orem, UT INDUSTRIAL BANK ADVISORY CHAIRMAN Kelvin L. Anderson President & CEO Optum Bank, Salt Lake City, UT REGIONAL BANK ADVISORY CHAIRMAN Michael Morris EVP, Real Estate Banking Group Zions Bank, Salt Lake City, UT PRESIDENT Howard M. Headlee Utah Bankers Association Salt Lake City, UT BOARD MEMBERS Scott Anderson President & CEO Zions Bank, Salt Lake City, UT Russ Barney VP & Regional Business Banking Manager Bank of the West, Salt Lake City, UT Robert M. Bowen President and COO Brighton Bank, Salt Lake City, UT Lee A. Carter President & Chief Operating Officer UBS Bank USA, Salt Lake City, UT Mark D. Howell President - Intermountain Banking AmericanWest Bank South Jordan, UT Bruce Jensen President & CEO Town & Country Bank Saint George, UT Nathan J. Morgan CEO/Chairman Continental Bank Salt Lake City, UT Kenneth H. Petersen Chairman BMW Bank of North America Salt Lake City, UT Jason Price President & CEO Prime Alliance Bank Woods Cross, UT Joe Stroud General Counsel G.E. Capital Bank Salt Lake City, UT Jill Taylor District President KeyBanK Salt Lake City, UT Paul F. Thome President & CEO Sallie Mae Bank, Salt Lake City, UT M. Craig Zollinger President & CEO JPMorgan Chase, Salt Lake City, UT