Pub. 7 2019 Issue 1

Issue 1. 2019 25 At the Bank of Utah events, two-time Olympian and World Champion Pikus-Pace shared highlights from her critically-ac- claimed book, Focused: Keeping Your Life On Track One Choice At a Time, featuring the highs and lows she has expe- rienced on her path to success. Pikus-Pace’s touching personal stories, such as the terrible leg injury she suffered just three months before the Olympic Games, were used to illustrate how anyone can overcome adversity and keep a healthy perspective on what matters most. As a testimony to her passion and deter- mination, Pikus-Pace continued to overcome every obstacle, with her most recent athletic victory being the Silver Medalist of the 2014 Sochi Olympic Winter Games. Bank of Utah to Acquire American Bank of Commerce On Sept. 14, 2018 BOU Bancorp, Inc., the holding company for Bank of Utah, announced plans to purchase AmBancorp, the holding company for American Bank of Commerce (AmBank). Douglas L. DeFries, president and CEO of BOU Bancorp, Inc. announced that both boards of directors have unanimously ap- proved the merger and a definitive agreement has been signed, which will be subject to approval by regulators and AmBancorp shareholders. The transaction is expected to close in fourth quarter 2018. The three AmBank locations, with over $75 million in deposits, will bear the Bank of Utah name in Lindon, Provo and Heber City, Utah following the purchase. This will be the fifth acquisition in Bank of Utah’s history. Bank of Utah currently operates 14 full-service bank branches, additional mortgage offices in St. George, Price, Logan and Sandy, Utah, and trust services in both Ogden and Salt Lake City. The merger will increase Bank of Utah’s presence in Utah and Wasatch Counties. “The union of these two great Utah organizations will provide a strong set of local banking experts and the most up-to-date prod- ucts and services for individuals and businesses in what will be 17 deposit branches from Logan to Provo,” said DeFries. “We are very pleased to create a stronger, independent, Utah-based network of retail bank branches, with combined assets of over $1.4 billion.” “The partnership with Bank of Utah allows our trusted bank- ers to continue offering locally-processed and financed commercial and residential loans, with the significant new benefit of more robust cash management services and greater choice in deposit accounts and online banking,” noted Leonel E. Castillo, president and CEO of AmBancorp. “Further, our customers will now enjoy trust services, including self-di- rected IRAs, insurance offerings, wealth management, larger lending limits and other excellent services. We are confident that our customers and staff will experience a smooth transition and will soon greatly appreciate the new opportu- nities available.” BOU Bancorp, Inc. was advised in the transaction by Keefe, Bruyette & Woods, A Stifel Company, as financial advisor, and Hunton Andrews Kurth LLP as legal counsel. AmBancorp was advised by Sandler O’Neill + Partners, L.P. as financial advisor and Jones Waldo Holbrook & McDonough, PC as legal counsel. CENTRAL BANK Central Bank Launches New Modern, Community-Fo- cused Website Central Bank is pleased to unveil its all-new redesigned website, now live at cbutah.com. In an effort to better serve the custom- ers of Central Bank, the completely revamped website incorpo- rates a clean and modern design that is mobile-friendly, easy to use, and community-focused. With a fresh look and feel, the new site allows users to navigate through Central Bank’s available products and services with ease. With a homepage and navigation that noticeably differs from most financial institution websites, users can simply choose between “Personal Banking” and “Business Banking” and be directed to where they need to go faster than ever. The mobile-responsive design of the website also gives users a seam- less transition from desktop to mobile browsing. “We’re really excited for our new website to launch because we know it will benefit both our customers and the community. As we’ve worked to redesign the website, we thought about the customer’s user experience every step of the way. We knew the website needed to be modern, convenient and easy to navigate, mobile-friendly, and focused on the community—and I think we have accomplished all of those goals with our new website,” said Mark Packard, Bank President. Central Bank's new website will be updated on a regular basis with news of product launches, community events, career op- portunities, and highlights of local business customers. Visitors are encouraged to explore the website at www.cbutah.com. Central Bank has served the communities of Utah County for over 127 years and currently operates 11 locations from the Point of the Mountain to Payson. Central Bank offers all mod- ern banking services and conveniences—mobile banking, online bill pay, advanced technology ATMs, and online financial management through its new platform, Money Management— all without parting from its relationship-based service. Member FDIC. Equal Housing Lender. FIRST NATIONAL BANK Community Icon, First National Bank of Layton, Named Among Top Extraordinary Banks in the USA Second Year in a Row FIRST NATIONAL BANK OF LAYTON, a Utah icon, was just named one of the top extraordinary banks in the United States by The Institute for Extraordinary Banking™ for the second year in a row. First National was recognized with the Institute’s Above-and-Beyond Customer Service Banky™ Award for consistently creating “WOW!” experiences for their clients  Bank Kudos — continued on page 26