Pub. 7 2019 Issue 2

Issue 2. 2019 1 8 20 ©2019 Utah Bankers Association | The newsLINK Group, LLC. All rights reserved. Utah Banker is published four times each year by The newsLINK Group, LLC for 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, consideration and banker education. The contents do not constitute legal advice and should 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 circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of 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 Utah Bankers Association. While 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 written permission. For further information, please contact the publisher at: 855.747.4003. UBA Board of Directors 2019/2020 CHAIRMAN Kay B.Hall EVP & CFO Zions Bank Salt Lake City VICE CHAIRMAN Kristin B.Dittmer EVO & CFO EnerBank USA Salt Lake City 2NDVICE CHAIRMAN Eric Schmutz President & CEO State Bank of Southern Utah Cedar City IMMEDIATE PAST CHAIRMAN Douglas L.DeFries President & CEO Bank of Utah Ogden COMMUNITY BANKADVISORY COUNCIL CHAIR N.George Daines Chairman & CEO CacheValley Bank Logan INDUSTRIAL BANKADVISORY COUNCIL CHAIR Paul F.Thome President Sallie Mae Bank Salt Lake City REGIONAL BANKADVISORY COUNCIL CHAIR Matthew D.Bloye Region Bank President Wells Fargo Salt Lake City PRESIDENT Howard M.Headlee President Utah BankersAssociation Salt Lake City BOARD MEMBERS Kelly M.Barnett President WebBank Salt Lake City Jan M.Bergeson Utah Market Leader Ally Bank Sandy Robert M.Bowen President & CEO Brighton Bank Salt Lake City RobertW.Carpenter Executive Director & Region Manager JPMorgan Chase Salt Lake City Deborah Culhane President & CEO Optum Bank Salt Lake City Terry L.Grant Utah Market President KeyBank Salt Lake City MarkA.Herman Market President U.S.Bank Salt Lake City Kisty Morris Executive Director Morgan Stanley Bank Salt Lake City Wade E. Newman President & COO Celtic Bank Salt Lake City Mark Packard President Central Bank Provo Frank K.Stepan Managing Director & Vice Chairman UBS Bank Salt Lake City Len E.Williams President & CEO People’s Utah Bancorp American Fork The Utah BankersAssociation represents fifty regional, community and industrial banks throughout Utah and is the voice for Utah’s banking industry and its employees. 2 The Bottom Line By Howard Headlee, President, Utah Bankers Association 4 UBA New Officers and Board Members 2019-2020 5 Chairman’s Farewell 6 Compliance Corner: Much To Do About Private Flood By Daniela Clark Compliance Alliance 8 Leadership Succession By Dave Forsyth , Product Manager, EnerBank USA 9 Reframing the Credit Union Debate By Rob Nichols, President and CEO, American Bankers Association 10 Under Pressure: Deposit Betas By Matt Harris, Senior Vice President, The Baker Group 12 Washington Visit 13 Women in Banking 14 Introducing Yext, The New Way to Put Your Financial Institution on the Map By Rachel Scheuerman, Director - Engagement Solutions, Harland Clarke 16 111th Annual Utah Bankers Association Convention 20 Top 5 Cecl Things To Remember By Jeff Goldstein SVP, Regional Manager, PCBB 22 Relief for Community Banks in the Competition for Deposits By Bryan Harper, Regional Director at Promontory Interfinancial Network, LLC 24 Bankers Kudos 28 Bankers on the Move 30 Associate Members 32 Congratulations Graduates of the Credit Analyst Development Program