Pub. 6 2018 Issue 1

Issue 1. 2018 3 12 18 ©2018 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 Feed the Flowers By Howard Headlee, President 5 Stepping Up Our Political Engagement Rob Engstrom, Chief Political Strategist, American Bankers Association 6 CECL Implementation – Step By Step By Jeff Goldstein SVP, Regional Manager 8 Variable Rate Demand Notes and Letters of Credit: A Unique Way for Banks to Generate Fee Income and Superior Returns? 10 Harland Clarke’s ClickSWITCH Helps Customers Switch with Ease 11 First Woman Named CEO Of A Banking School Gretchen Claflin is selected as CEO for Pacific Coast Banking School 12 Fintech for Banks Partnering with Banks is Key to Fintech’s Future 14 Emerging Bank Leaders Host Networking Event with Randal K. Quarles 15 How to Scam Seniors and Steal their Identity 16 Mia Love Article 18 Compliance Corner: Is the ‘TRID Improvement Act’ an Improvement? By Victoria E. Stephen, Associate General Counsel, CRCM 20 Hired For Sex: The Dark Connec- tion Between Hiring And Sexual Misconduct By Jack McCalmon, The McCalmon Group, Inc 21 2018 Ag Outlook and Conference 23 Bank Kudos 26 Bankers on the Move 28 Education Corner 29 UBA Associate Members