OVER A CENTURY: BUILDING BETTER BANKS — HELPING NEW MEXICO REALIZE DREAMS Our Mission 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. ©2026 New Mexico Bankers Association (NMBA) | MBR Connect™. All rights reserved. New Mexico Bankers Digest is published four times per year 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 (801) 676-9722. 4 Introducing 2026-2027 NMBA President Aaron Emmert Executive Vice President & CFO, Pioneer Bank 6 EXECUTIVE VICE PRESIDENT’S MESSAGE 2027 Legislative Preview By John W. Anderson, Executive Vice President, New Mexico Bankers Association 8 WASHINGTON UPDATE It’s Time To Talk Tokenization By Rob Nichols, President and CEO, American Bankers Association 10 The Meaning of Affordability in Today’s Economy By Mark Anderson, Legal and Legislative Assistant, New Mexico Bankers Association 12 The Housing Act’s New Reciprocal Deposit Legislation What It Means for U.S. Banks By Joe Hooker, Chief Sales Officer, IntraFi 14 A New Advantage for Homebuyers Housing New Mexico’s Pilot Program Offers Permanent 1% Interest Rate Buydown By Kristie Garcia, Director of Communications and Marketing, Housing New Mexico 16 Decoding the New SBA SOP By B:Side 20 Preparing the Balance Sheet for Digital Money By Michael A. Johnson, SVP & Southwest Regional Manager, PCBB 22 John Anderson, NMBA EVP, Named to 2027 Edition of Best Lawyers in America 22 Bank News CONTENTS 2026-2027 NMBA Board of Directors President Aaron Emmert Pioneer Bank 3000 N. Main St. Roswell, NM 88201 President-Elect Liz Earls Capra Bank 400 Tijeras Ave. NW Albuquerque, NM 87102 Secretary-Treasurer Scott Czarniak First National 1870 7300 Jefferson St. NE Albuquerque, NM 87109 Immediate Past President Max Myers Century Bank 100 S. Federal Pl. Santa Fe, NM 87501 Executive Vice President John Anderson NM Bankers Association 7801 Academy Rd. NE, Bldg. 2, Ste. 202 Albuquerque, NM 87109 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 TERMS EXPIRING 2028 Paul Mondragon Bank of America 2125 Louisiana Blvd., Ste. 120 Albuquerque, NM 87110 Mark Horn Pinnacle Bank PO Box 1729 Gallup, NM 87305 Ken Clayton Western Bank 320 W. Texas St. Artesia, NM 88210 TERMS EXPIRING 2029 Richard Rowley Bank of Clovis 300 Main St. Clovis, NM 88101 Sheila Mathews Four Corners Community Bank 500 W. Main St., Ste. 101 Farmington, NM 87401 J. Chesley Steel Southwest Capital Bank 1410 Central Ave. SW Albuquerque, NM 87104 3
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