Pub. 5 2017 Issue 4

Issue 4. 2017 3 8 13 ©2017 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. UBA Board of Directors 2017/2018 CHAIRMAN Ron Ostler Chairman Comenity Capital Bank Salt Lake City VICE CHAIRMAN Doug DeFries President & CEO Bank of Utah Ogden 2NDVICE CHAIRMAN Kay Hall ExecutiveVice President and CFO Zions Bank IMMEDIATE PAST CHAIRMAN CraigWhite President & CEO Utah Independent Bank Beaver COMMUNITY BANKADVISORY CHAIR Rick Beard President & CEO People’s Utah Bancorp American Fork REGIONAL BANKADVISORY CHAIR Mark Herman Market President U.S.Bank Salt Lake City INDUSTRIAL BANKADVISORY CHAIR Kristin Dittmer Chief Financial Officer EnerBank USA Salt Lake City Jan Bergeson CRA Officer/Utah Market Leader Ally Bank Midvale Rob Carpenter Executive Director Region Manager JPMorgan Chase Salt Lake City George Daines President & CEO CacheValley Bank Logan Ray Dardano President & CEO Marlin Business Bank Salt Lake City Gary Harding President & CEO PrimeAlliance Bank Woods Cross Kent Landvatter CEO FinWise Bank Sandy Carla Nguyen District Manager U.S.Bank Salt Lake City Curt Queyrouze President & CEO TAB Bank Ogden Erich Sontag SeniorVice President Bank OfAmerican Fork Salt Lake City Frank Stepan Managing Director Morgan Stanley Bank,N.A. Salt Lake City KirkWeiler President & CEO WEX Bank Midvale The Utah BankersAssociation represents fifty regional,community and industrial banks throughout Utah and is the voice for Utah’s banking industry and its employees. 4 The Donovan Mitchell Approach By Howard Headlee, President 6 Making Things Happen By Rob Nichols, President and CEO, American Bankers Association 8 If You’re Worried About Cybersecurity. Call an Attorney By Tomu Johnson and Tammy Georgelas 10 Best Practices for Enhancing the Debit Chip-Card Experience 12 Are Your IRR Assumptions Going up in Smoke? 13 Stand Pat or Pay Up 15 Quarterly Bank Executive Outlook Survey Highlights By Glenn Martin, Regional Director, Promon tory Interfinancial Network The U.S. unemployment rate dropped to a sixteen-year low of 4.3 percent in July (although it has ticked slightly back up to a still impressive 4.4 percent). 16 UBA Education Committee Volunteers At Fisher House 17 2017 Bank Executive Conference 18 Emerging Bank Leaders Conference 20 Compliance Corner: Do We Finally Have a Better TRID? By Sarah Sauceda, Associate General Counsel 22 UBA Commercial Lending Development Program 23 Deeds In Lieu Of Foreclosure: Advantages Considerations For Secured Lenders By Todd M. Labrum, Snell & Wilmer A primary concern for the lender is its ease and ability to enforce remedies against the real property collateral in the event that the loan becomes troubled. 24 Bank Kudos 27 Bankers on the Move 29 UBA Associate Members