Pub. 3 2015 Issue 1

Issue 1. 2015 3 7 26 UBA Board of Directors 2015/2016 4 It’s Time to Start Making Changes to Dodd-Frank I had just been to Disneyland, when I heard Senator Warren’s claim that Dodd Frank has been good for community banks. By Howard Headlee, President 5 Heart of Our Community It seems like every week or so Utah wins another award for being the best place to live, the best place to raise a family, the best place to start a business, or the best managed state. By Kelvin Anderson 6 The Future is in Good Hands I’ve noticed a growing trend in Washing- ton that bodes well for our industry: An increasing number of young bankers coming to the capital to participate in bank visits and industry conferences oriented toward advocacy. By Frank Keating, President and CEO, American Bankers Association 8 Operation Choke Point is Getting Choked The FDIC recently took a significant step back from Operation Choke Point, encour- aging banks to take a risk-based approach in assessing individual customer relationships and to not categorically decline to provide banking services, dealing a devastating blow to the operation the FDIC itself facilitated. By Pamela Stockwell 11 Regulators KnowWe Are Watching You should have seen the look on the regu- lator’s faces when we presented them with data that revealed the disparate enforce- ment of Fair Lending standards in two of the FDIC regional offices. 13 Upcoming Events 13 The Directors Education Series Training the members on your board doesn’t have to be difficult or time consuming. Presented by TTS 14 Bank Kudos 20 Bankers on the Move 21 .bank Frequently Asked Questions Courtesy American Bankers Association Why .bank? The .com world has become overcrowded, making it difficult for banks to stand out. 24 Yield Curve Changes and Management of the Investment Portfolio In Praise of the “Modified” Barbell Bank investment strategies must be de- veloped within a framework that considers multiple dimensions of risk and reward. By Jeffrey F. Caughron 25 Salvation for Tellers in a Digital World In the age of digital media, investing in your tellers may seem counterintuitive. By Josh Banta, VP Service and Technical Sales, Data Business Equipment, Inc. 26 Keeping A Customer After You Turn Them Down For a Loan As a banker, you have to say no a lot. 28 UBA Associate Members ©2015 Utah Bankers Association | The newsLINK Group, LLC. All rights reserved. Utah Banker is published quarterly each year by The newsLINK Group, LLC for the Utah Bankers Association 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 such 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 Utah Bankers Association, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Utah Banker is a collective work and as such some articles are submitted by authors that are independent of the Utah Bankers Association. While the Utah Bankers Association encourages a first print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior permission. For further information, please contact the publisher at: 855.747.4003. CHAIRMAN Kelvin L.Anderson President & CEO, Optum Bank Salt Lake City, UT VICE CHAIRMAN JillTaylor District President, KeyBank Salt Lake City, UT 2NDVICE CHAIRMAN Craig A.White President & CEO, Utah Independent Bank Beaver, UT IMMEDIATE PAST CHAIRMAN Anthony J. Hall President & CEO, Lewiston State Bank Lewiston, UT PRESIDENT Howard M. Headlee President, Utah Bankers Association Salt Lake City, UT COMMUNITY BANKADVISORY CHAIRMAN Douglas DeFries President & CEO, Bank of Utah Ogden, UT INDUSTRIAL BANKADVISORY CHAIRMAN Ron Ostler President, Comenity Capital Bank Salt Lake City, UT REGIONAL BANKADVISORY CHAIRMAN Craig Zollinger Utah President & CEO, JPMorgan Chase Salt Lake City, UT Paul Andersen President & CEO, GunnisonValley Bank Gunnison, UT A. Scott Anderson President & CEO, Zions Bank Salt Lake City, UT Brad R. Baldwin President & CEO, First Utah Bank Salt Lake City, UT Lee A. Carter President & Chief Operating Officer, UBS Bank USA Salt Lake City, UT Randall Chesler President, CIT Bank Salt Lake City, UT Robert Garinger President & CEO,American Express Centurion Bank NewYork City, NY Lewis Goodwin President & CEO, Green Dot Bank Provo, UT Richard Lake President, Merrick Bank South Jordan, UT Damon G. Miller Utah Market President, U.S. Bank Salt Lake City, UT Deborah (Dee) O’Donnell SeniorVice President, President, UtahWells Fargo Salt Lake City, UT Ron Ostler President, Comenity Capital Bank Salt Lake City, UT MarkW. Packard Senior ExecutiveVice President, Central Bank Springville, UT Katie Spratling ExecutiveVice President, Holladay Bank &Trust Salt Lake City, UT Joe Stroud General Counsel, GE Capital Bank Salt Lake City, UT BOARD MEMBERS