OVER A CENTURY: BUILDING BETTER BANKS — HELPING NEW MEXICO REALIZE DREAMS The mission of the New Mexico Bankers Association (NMBA) is to serve member bank needs by acting as New Mexico banking’s representative to government, the public and the industry; providing resources, education and information to enhance the opportunities for success in banking; promoting unity within the industry on common issues; and seeking to improve the regulatory climate to the end that banks can profitably compete in the providing of financial and related products and services. ©2025 New Mexico Bankers Association (NMBA) | The newsLINK Group LLC. All rights reserved. New Mexico Bankers Digest is published four times per year by The newsLINK Group LLC for NMBA and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and 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 NMBA, 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. New Mexico Bankers Digest is a collective work, and as such, some articles are submitted by authors who are independent of NMBA. While a first-print policy is encouraged, 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. PRESIDENT’S MESSAGE 4 NMBA Legislative Road Trip By Kyle Beasley, President, New Mexico Bankers Association EXECUTIVE VICE PRESIDENT’S MESSAGE 6 Credit Unions Buying Banks A Closer Look With Mark Anderson, Legal and Legislative Assistant, New Mexico Bankers Association 8 Meet the 2024-25 NMBA Officers and Board Members WASHINGTON UPDATE 10 It’s Time to Stop Punting on Credit Union Accountability 12 Complex Solutions for Basic Problems By Mark Anderson, Legal and Legislative Assistant, NMBA 16 Top Predictions for Community Banks in 2025 By Michael A. Johnson, SVP & Southwest Regional Manager, PCBB 18 Housing New Mexico: Providing Homeownership Opportunities for Decades By Kristie Garcia, Housing New Mexico 22 Bank News 24 In Memoriam 26 The Blunt Truths of Banking MRBs By Carol Ann Warren, JD, MBA, Assistant Vice President and Associate General Counsel, Compliance Alliance Our Mission CONTENTS 2024-25 NMBA Board of Directors President Kyle Beasley Bank of Albuquerque 100 Sun Ave. NE, Ste. 500 Albuquerque, NM 87109 President-Elect Max Myers Century Bank 100 S. Federal Pl. Santa Fe, NM 87501 Secretary-Treasurer Elizabeth Earls Capra Bank 400 Tijeras Ave. NW Albuquerque, NM 87102 Immediate Past President Mark Horn Pinnacle Bank 107 E. Aztec Ave. Gallup, NM 87103 Executive Vice President John Anderson NM Bankers Association 316 Osuna Rd. NW, Ste. 502 Albuquerque, NM 87107 TERMS EXPIRING 2025 Scott Czarniak First National 1870 7300 Jefferson St. NW Albuquerque, NM 87109 Aaron Emmert Pioneer Bank 3000 N. Main St. Roswell, NM 88201 Howie Herbert U.S. Bank 7900 Jefferson St. NE Albuquerque, NM 87109 TERMS EXPIRING 2026 Renanah Taylor Bank of Montreal 303 Roma St. NW, Ste. 100 Albuquerque, NM 87102 J. Chesley Steel Southwest Capital Bank 1410 Central Ave. SW Albuquerque, NM 87104 Sheila Matthews Four Corners Community Bank 500 W. Main St., Ste. 101 Farmington, NM 87401 TERMS EXPIRING 2027 Nicole Noto Wells Fargo Bank N.A. 200 Lomas Blvd. NW, 12th Fl. Albuquerque, NM 87102 Jay Jenkins CNB Bank PO Box 1359 Carlsbad, NM 88220 Jason Wyatt Western Commerce Bank 212 N. Canal St. Carlsbad, NM 88220 3
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