Pub. 5 2017 Issue 2

Issue 2. 2017 21 BANK OF UTAH EXPANDS TO BOUNTIFULWITH A NEW FULL-SERVICE BRANCH Bank of Utah is preparing to open a new full-service branch at 100 S. 500 West in Bountiful, Utah, near such retailers as At Home and Costco. The bank is currently making improvements on the site, and is scheduled to open its new branch in mid-May 2017. “We’re very excited to open a brick and mortar location in Davis County that will be in addition to our Layton branch,” said Bank of Utah President, Douglas L. DeFries. “We look forward to con- tinuing our business and charitable endeavors in Bountiful, with the addition of a convenient new location.” Bank of Utah has supported Davis County through its annual “Warm Bodies, Warm Souls” coat drive and “Shower ThemWith Love” drive to collect baby necessities for financially struggling families. Both efforts have benefited the Bountiful Food Pantry for the past several years. Bank of Utah was founded in Ogden, Utah in 1952 by the Frank M. Browning family. The Brownings continue to own and operate the bank that has grown to over one billion in assets with more than 300 employees, and now 14 branches throughout the state. Bank of Utah is one of the top-performing banks in the country in earnings and strength of balance sheet, according to The Briden Report, an independent quarterly bank comparison. Bauer Finan- cial, Inc., also recently gave Bank of Utah its top, five-star rating for strength and capitalization. ENERBANK USA AMERICAN BANKER ARTICLE HIGHLIGHTS WHY EN- ERBANK BUILT AMOBILE LOAN APP TO ENHANCE THE LOAN APPLICATION PROCESS FOR BOTH HOMEOWN- ERS AND HOME IMPROVEMENT CONTRACTORS. EnerBank recently launched a mobile loan app to provide more convenient and faster credit decisions for home improvement loans for both homeowners and home improvement contractors. The app is available for iOS and Android devices, and was built with a state-of-the-art credit engine—reducing credit decision times to less than a minute, while still providing access to EnerBank’s lending specialists for those who prefer to talk with a live representative. Bryan Yurcan at American Banker recently profiled EnerBank’s decision to build its own app as opposed to licensing other tech- nology about the launch of EnerBank’s new mobile loan app for contractors. Yurcan wrote about how banks need to respond to customer demands for more mobile solutions, and detailed how EnerBank is providing another choice for homeowners apply for their loans, giving the greatest flexibility to contractors to offer not only different payment methods to fund their home improvement projects, but also to apply for loans. KEYBANK ARTWORKS FOR KIDS KeyBank recently presented a $5,000 grant to Art Works for Kids in support of the organization’s Utah Senate Art Contest. Art Works for Kids provides support to educators and arts organiza- tions that provide innovative and sequential fine arts education for the children of Utah. The theme of this year’s Senate Art Contest was “Landscape of Utah,” for which 200 students submitted artwork depicting every- thing from Arches to the Bear Lake Monster. Participants include students in 9th – 12th grade from high schools throughout the state. The top 27 pieces were selected by a panel of four judges and were on exhibit around the third floor of the Utah State Capitol from early February through mid-April for the entire legislature and pub- lic to enjoy. The artists who created the top 27 pieces all received scholarships to help offset the cost of future educational pursuits. ELAINE SCHLEHUBER HERO AWARD Elaine Schlehuber, Community Development Banking Loan Officer for KeyBank’s Utah market, was recently honored with an American Express “Heroes Among Us” award presented by Salt Lake City’s Major League Soccer Team, Real Salt Lake (RSL), and American Express. Before kickoff at each game, RSL and American Express recog- nize a “Hero Among Us” on the field, giving fans the opportunity to recognize his or her service. The program is designed to honor everyday people who have made a positive impact to improve the lives of others. Elaine was recognized for her active involvement in numerous community organizations over the past 30 years, and specifically  Bank Kudos — continued on page 22