Pub. 4 2016 Issue 2

www.uba.org 18 ALLY BANK ALLY BANK LAUNCHES THE ALLY CASHBACK CREDIT CARD Ally Bank, which is headquartered in Midvale, recently an- nounced the launch of the Ally CashBack Credit Card pro- gram. Consistent with its philosophy to offer products and services that are straightforward and consumer-friendly, the bank’s credit card features a 10% cash back bonus for cash rewards redeemed into an Ally Bank non-IRA Online Savings, Interest Checking or Money Market Account. Ally CashBack Credit Card holders will be eligible to earn the following rewards with their new card: • Two percent cash back on eligible gas and grocery purchases • One percent cash back on all other purchases • Unlimited rewards that never expire for accounts in good standing “When we made the decision to introduce a credit card, one of our tenets was that the rewards structure of our pro- gram be compelling to consumers and align with our brand promise to be obviously better in the products we offer,” said Diane Morais, chief executive officer and president of Ally Bank. “We think the Ally CashBack Credit Card’s 10% bonus will resonate with customers as consistent with our philosophy to help them become smarter savers.” For more information visit: www.ally.com/cashback. BANK OF UTAH THE BOW TIE ECONOMIST SHARED HIS PERSPEC- TIVE ON THE NATIONAL AND LOCAL ECONOMY AT BANK OF UTAH ECONOMIC OUTLOOK EVENTS IN MARCH More than 300 Bank of Utah customers and business leaders attended Bank of Utah’s sixth Annual Economic Outlook Events, March 29 – 30, in Salt Lake City, Ogden and Logan. Elliot Eisenberg, Ph.D., a nationally acclaimed economist, provided his view on the resiliency of the glob- al, national and local economy. “The Bow Tie Economist” simultaneously had the crowd laughing and pondering Utah’s economic highs and lows during his hour-long presentations. Eisenberg, who specializes in making economics relevant and acces- sible, said while the rest of the nation is treading water economically, Utah is one of the nation’s bright spots. In essence, he said business owners really need to re-evalu- ate their business models if they’re not making money in Utah’s economy. Utah’s population and household growth continues to drive the economy, particularly the housing market. While the median age has risen across the U.S. as baby boomers retire, Utah’s millennial population has taken over as the largest age group. This growing, young labor force is attractive to businesses looking to locate in Utah. However, Eisenberg said Utah must make sure that its stu- dents have the level of education needed in order to supply a qualified workforce. “We look forward to offering these free events to our business customers and the community,” said Douglas L. DeFries, Bank of Utah president. “And, Elliot did a superb job [of] making this information very understandable and relatable to our guests.” Eisenberg is the chief economist for GraphsandLaughs, LLC, an economic consulting firm. He authors a daily Econ70.com blog on the economy, is a noted syndi- cated columnist, and is often quoted in the national news media. Bank Kudos