Pub. 5 2017 Issue 1

www.uba.org 20 Bank Kudos ALLY BANK ALLY BANK LAUNCHES DEBIT CARD CONTROLS MOBILE APPLICATION Ally Bank announced the launch of a new service that will allow debit card customers to set control preferences to match their desired usage profile and change them instantly when needed, all with a touch on a smartphone app. The Ally Card Controls™ app features the immediate ability to turn an Ally debit card on or off, set location aware controls, transaction types, merchant types and amounts with a single touch. The app is available to both checking and money market account customers with active debit cards and Android® or Apple® devic- es. Customers can access the card controls by logging in to the Ally Bank mobile app and tapping on settings in the main menu. “At Ally, we continuously innovate and strive for exceptional convenience for our customers,” said Diane Morais, Ally Bank President, Consumer & Commercial Banking Products. “Giving Ally Bank customers the ability to proactively control, monitor, and manage card usage with the tap on the Ally Card Controls app provides cardholders peace of mind related to their debit card.” BANK OF UTAH BANK OF UTAH SPONSORS FREE ECONOMIC OUTLOOK EVENTS JAN. 24 AND 25, FROMLOGAN TO LEHI Hundreds of business leaders attended Bank of Utah’s seventh An- nual Economic Outlook Events for bank customers and business leaders, Jan. 24-25, in Salt Lake City, Ogden, Logan and Lehi. Nationally-published economist, Dr. Peter Rupert, gave a snapshot of the 2017 economy, at the free breakfast and lunch events. Rupert is currently chair of the Department of Economics at the Universi- ty of California, Santa Barbara. This year, Bank of Utah, the Ogden/Weber Chamber of Com- merce and Weber State University John B. Goddard School of Business and Economics, partnered on the Ogden event. In addition to Rupert, the event featured local experts in healthcare, finance, technology, the military and real estate. Bank of Utah President and CEO Douglas L. DeFries discussed the potential impact of the new president on the financial industry. Tim Pehrson, Intermountain Healthcare, spoke of the repeal and replacement of the Affordable Care Act, which may create a rocky road for the insurance and health care industries, and fewer people insured. Alex Lawrence, Weber State University professor, talked about 2017 technology trends including robots, self-driving cars, 3D printing and the status of tech investment in Northern Utah. Kevin Sullivan, Utah Defense Alliance, reported on the combined economic contribution of the of $9 billion defense and military in- dustries on the state, including 109,000 jobs. Jeff Neese, President of Western States Multifamily, provided insights on development trends including the continued uptick of renting vs. home owner- ship. Dr. Rupert, concluded the event with hopeful economic signs: 2017 may be a good year for the stock market; per the Real GDP, on average Americans get two percent richer every year; and the Fed- eral Open Market Community outlook for economic growth and inflation is optimistic. Rupert said housing values and growth are inconsistent across the country, household liabilities are at post-re- cession levels and disposable income is high. And Utah’s income and wages continue to be lower than the national average, but some counties have seen up to 130 percent growth. For more information visit https://www.bankofutah.com/news. BANK OF UTAH AND ARCTIC CIRCLE RESTAURANTS DONATE HUNDREDS OF CLOTHING ITEMS AND CASH TO UTAH CHARITIES WITHWARM BODIES, WARM SOULS PROJECT