ISSUE 2 • 2026 THE OFFICIAL PUBLICATION OF THE UTAH BANKERS ASSOCIATION 118TH ANNUAL UBA CONVENTION RECAP
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TABLE of CONTENTS 4 The Bottom Line By Howard Headlee, President and CEO, Utah Bankers Association WASHINGTON UPDATE 6 The Legacy of American Banking By Rob Nichols, President and CEO, American Bankers Association 7 118th Annual UBA Convention Recap By Brian Comstock, Director of Communications & Marketing, Utah Bankers Association 10 Introducing the 2026-27 UBA Board of Directors 12 2026 Women in Banking Conference Highlights 14 Why Workforce Consistency Has Become a Banking Risk Issue By Brad Rich, Regional Director, isolved HCM Sales 16 Bank Kudos 21 Bankers on the Move 24 Welcome to Our New Associate Members! 25 UBA Associate Members 27 UBA Staff Utah Banker 3
BY HOWARD HEADLEE, President and CEO, Utah Bankers Association The Bottom Line At first glance, the debate over the yield provisions of the CLARITY Act appears to be a fight between the banking and crypto industries. In reality, it’s a debate about where Americans keep their money — and whether that money continues to fuel economic growth in communities across the country. The GENIUS Act specifically prohibited the issuers of payment stablecoins from paying yield. The reason is very simple: A payment stablecoin is a tool for making payments, just like dollar bills in your wallet or coins in your pocket. You don’t earn interest on the money in your pocket because it’s not working; it’s sitting there, waiting to be spent, just like a payment stablecoin. When you take money out of your wallet and deposit it in the bank, you earn interest on that money because it is put to work in the economy through loans to individuals, families and businesses. Those loans finance homes, businesses and local economic development. This is one of the primary ways your savings drive economic growth. And that’s why Congress was careful to prohibit paying yield on payment stablecoins — to prevent wealth from sitting idle in stablecoins and keep excess deposits flowing into the economy so people can continue to get loans. But shortly after the GENIUS Act was passed, the crypto lobby developed a workaround. Instead of paying yield directly to stablecoin holders, issuers paid fees to the exchanges where the stablecoins were held, and the exchanges began paying yield to the holders. This approach clearly undermines the intent of the current law and has been a focus of much attention in the debate over the CLARITY Act. The CLARITY Act now includes a section that clearly restates the public policy that stablecoins cannot offer yield in any way similar to a bank deposit account. But during last-minute negotiations in the Senate Banking Committee, language was also inserted that creates several massive loopholes that reverse the fundamental policy objectives and would dramatically erode lending in America. If Congress doesn’t adequately address the GENIUS Act loophole in CLARITY, the Treasury Secretary predicts trillions of dollars of American wealth will flow into payment stablecoins, outside the traditional banking system. The crypto companies that issue stablecoins will make billions, but that’s about it. Those trillions in American wealth will sit idly in U.S. Treasuries, financing the beltway’s out-of-control spending and no longer available to fund bank loans to individuals, families or businesses across the nation. This will have a significant impact on everyone. So, while the back and forth appears to be a fight between the banks and the crypto lobbyists, in reality, the outcome will impact everyone and determine whether trillions of dollars remain available to finance homeownership, small businesses and community investment — or sit idly in stablecoin balances to make a handful of stablecoin issuers very rich. Utah Sen. John Curtis sees this issue clearly and has taken the initiative in educating his colleagues about the impact of this decision on the people and communities they represent. It may seem like just another small, technical detail in a massive new congressional proposal, but the economic implications will be far-reaching. I am proud that our senator is speaking truth to power on this important issue. It is not an easy task, but it will be consequential. Utah Banker 4
WASHINGTON UPDATE The Legacy of American Banking BY ROB NICHOLS, President and CEO, American Bankers Association On July 4, cities and towns across the nation celebrated 250 years of American independence. By and large, Americans all know our founding story: how a group of 13 original colonies broke free from Great Britain, formed a union and grew over two and a half centuries into a global superpower. But perhaps a lesser-known part of that story is the critical role that banks played in securing American independence and transforming this nation into what it is today. Great Britain forbade its American colonies from operating their own banks — just one of the many restrictions that pushed the colonies to rebel. With no established banking system, the colonists found themselves at a disadvantage, and the Revolutionary War effort faltered until the Bank of North America was chartered by the Second Continental Congress in 1781. Based in Philadelphia, the bank began operations in 1782, and was an immediate success, paying strong dividends to investors, and providing a critical line of credit to the fledgling Congress. The Bank of North America was the first commercial bank in the U.S. While it refashioned itself in the 1780s, it lived on as a model for the First Bank of the United States, which was founded in 1791 by Alexander Hamilton to help stabilize a nascent U.S. financial system beleaguered by heavy war debts. Hamilton believed in the power of the private banking model for maintaining discipline; when the Bank of the United States was opened, it marked the first IPO in American history. Private investors owned 80% of the Bank of the United States, with the government owning the remaining 20%. While the Bank of the United States charter lapsed, briefly at first and then permanently in 1836, it demonstrated to young leaders like Abraham Lincoln what a diverse, well-capitalized banking system could do to grow our economy. Throughout moments that followed — the Civil War, the growth of the United States as an industrial superpower, our victory in two world wars — banking was what helped propel America forward and into new stages of growth and development. Throughout our history, Americans have relied on banks of all sizes to provide the credit needed for individuals and businesses to thrive. Our financial ecosystem is unique in terms of the diversity of institutions that operate today — from small community banks, mutuals and minority depository institutions that serve niche markets, to midsize and regional banks, to the largest global financial institutions operating on multiple continents. Our country has thrived thanks to that interconnected network of financial institutions, and it’s helped create the opportunity for Americans from sea to shining sea to participate in the economy and pursue their dreams. And that’s an American tradition worth protecting and worth celebrating. Email Rob at nichols@aba.com. Utah Banker 6
118th Annual UBA Convention Recap BY BRIAN COMSTOCK, Director of Communications & Marketing, Utah Bankers Association More than 450 bankers, business partners and guests gathered in beautiful Sun Valley on June 28-July 1 for the 118th Annual UBA Convention. While the mountain weather didn’t always cooperate, it never dampened attendees’ enthusiasm throughout the four days of exceptional education, meaningful networking, family activities and memorable entertainment celebrating Utah banking. The convention kicked off on Sunday with registration and the uniquely UBA Exhibit Hall, where nearly 50 exhibitors transformed the Limelight Ballroom into an interactive experience filled with games, giveaways, prizes and plenty of treats for bankers and their families. The evening concluded with the Welcome Reception & Buffet at River Run Lodge, providing the perfect opportunity to reconnect with colleagues and friends from across the state. Monday’s business sessions explored leadership, technology, digital assets, fraud prevention and the future of banking. UBA Chair Todd Boren welcomed attendees before Dave Martin challenged bankers to build organizations centered on good people. Adam Schlesinger followed with an engaging look at how artificial intelligence is rapidly transforming the banking industry. During the Networking & Vendor Recognition Lunch, attendees got the first look at a model of the Grand Liberty Arch by renowned sculptor Sabin Howard, commemorating America’s 250th anniversary. The 60-foot-long, 36-foot-tall monument is scheduled for completion before the 2034 Winter Olympics. The afternoon continued with a digital assets panel featuring Alex Treece of Stablecore and Kaye Lynch-Sparks of the American Bankers Association, followed by a presentation on digital identity from Christopher Bramwell, director of the Utah Office of Data Privacy. The day’s business sessions concluded with a discussion of how the 2026 elections could impact banking and Utah’s business climate, featuring former U.S. Congressman Jason Chaffetz and Government Affairs Consultant Geoff Gray. After a full day of learning, it was time for the ever-popular UBA Bingo Game. Hundreds of attendees of all ages packed the Limelight Ballroom to compete for dozens of prizes, continuing one of the convention’s most beloved traditions. Tuesday’s Activities Day once again offered something for everyone, including the inaugural World Cup Watch Party, where families gathered at The Ram Restaurant to cheer on Norway and the Ivory Coast while enjoying game-day snacks and soccer-themed prizes. That evening, bankers and guests gathered for the Chairman’s Reception & Dinner honoring UBA Chair Todd Boren (Celtic Bank) and ABA Chair Kenneth Kelly (First Independence Bank). The program also recognized bankers for their years of service to the association and the industry, including this year’s 40-Year Service Award recipients: • Don Coombs, Vice President and Branch & Relationship Manager, Cache Valley Bank • Mark Packard, President & CEO, Central Bank • John Taylor, Senior Vice President of Strategic Partnerships & Business Development, Medallion Bank The celebration continued at the Sun Valley Pavilion, where attendees traveled back to the 1980s with Electric Avenue: The ‘80s MTV Experience, singing and dancing along to classic hits from one of music’s most iconic decades. Wednesday’s Business Session wrapped up the convention with another outstanding lineup of speakers, including updates from ABA Chair Kenneth Kelly and Emerging Bank Leaders Chair Jessica Sorensen, followed by UBA President Howard Headlee’s report Utah Banker 7
on the UBA’s strategic initiatives for the coming year. Natalie Gochnour, director of the Kem C. Gardner Policy Institute, provided an insightful outlook on the Utah economy and the effects of rapid technological, political and societal changes. Members then elected the 2026-2027 UBA Board of Directors (see page 10), and Todd Boren officially passed the gavel to incoming UBA Chair Shelly Holt of First Community Bank. The convention concluded on a high note with motivational comedian Judson Laipply, whose energetic presentation encouraged attendees to embrace change and overcome adversity, while his famous “Evolution of Dance” performance sent everyone home laughing. Mark your calendar! The 119th Annual UBA Convention returns to Sun Valley June 27-30, 2027. Utah Banker 8
Utah Banker 9
Introducing the 2026-27 UBA Board of Directors Chair Shelly Holt First Community Bank President & CEO Layton Vice Chair Nathan Callister Zions Bank President & CEO Salt Lake City 2nd Vice Chair & Treasurer Jason Price WEX Bank President & CEO Sandy Immediate Past Chair Todd Boren Celtic Bank President & COO Salt Lake City President Howard Headlee Utah Bankers Association President & CEO Salt Lake City Chair, Regional Bank Advisory Council Leo Gutierrez JPMorgan Chase Market Executive Salt Lake City Chair, Community Bank Advisory Council John Jones Cache Valley Bank CEO Logan Chair, Industrial Bank Advisory Council Sherrie Rees First Electronic Bank CEO & President Salt Lake City Board Members Trevor Andersen State Bank of Southern Utah President & CEO Cedar City Brady Bagley American Express Vice President & Controller Salt Lake City Jan Bergeson Ally Bank Utah Market Leader Sandy Bruce Bowman Comenity Capital Bank President Draper Ben Browning Bank of Utah Chairman & CEO Ogden Michael Ferguson BMW Bank of North America President & CEO Salt Lake City Amy Foulks First Utah Bank President & CEO Salt Lake City Terry Grant Altabank President & CEO American Fork Kevin Krohn U.S. Bank Senior Vice President, Market Leader Ogden Carson Lappetito Sunwest Bank President & Director Sandy Brian Milton Thrivent Bank President & CEO Salt Lake City Kisty Morris Morgan Stanley Bank Executive Director Salt Lake City Mark Packard Central Bank President & CEO Provo Nathan Paddock Wells Fargo Market Executive Salt Lake City Mori Paulsen Bank of America Utah President Salt Lake City Richard Rosenthal Square Financial Services CEO & President Sandy Eric Schuppenhauer SoFi Group Business Unit Leader Frisco, TX David Stahl Hillcrest Bank Market President Bountiful Drew Yergensen KeyBank Utah Market President Salt Lake City Utah Banker 10
Established in 1980, Bankers’ Bank of the West has been serving community banks for over 45 years as a trusted, non-competing partner, grounded in strong relationships, industry expertise, and a long-term perspective. As the financial landscape continues to evolve, we remain focused on helping our partners stay relevant and competitive through purposeful innovation, operational efficiency, and responsive, experienced support, while staying true to the core values that have guided us since the beginning. EXPERT LOAN REVIEW SERVICES • Independent loan reviews. • Strategic, compliance, and growth consulting. • Helping banks strengthen credit quality, manage risk, and plan confidently for expansion and succession. • Community banks deserve a partner as dependable and resilient as the communities they serve. • Assessing wire transfer risks • Delivering compliant backup solutions. • Trusted support, expert guidance, and service every step of the way. BUSINESS CONTINUITY OPTIONS We have BRIDGE! A secure online portal for ACH, wires, reporting, OFAC screening, anomaly detection, SFTP, file transfers, and seven-year archiving. Bill Mitchell BBWest, CEO & Vice Chair Jim Swanson President, Bank Strategies, LLC. Anne Benigsen President, CivITas Bank Solutions, LLC. EST 1980 OVER 45 YEARS OF EXPERTISE We Champion Community Banking! 800-873-4722 | NE: 888-467-5544 | www.bbwest.com • Vulnerability scans. • Penetration testing. • Phishing simulations and IT consulting. • Plus, monitoring and training. • Policy reviews. • Board advisory support to strengthen your bank’s security posture. COMPREHENSIVE CYBERSECURITY SERVICES
2026 Women in Banking Conference Highlights On April 16, nearly 250 banking professionals gathered both at the Hilton Salt Lake City Center and online via Zoom for the UBA’s 21st annual Women in Banking Conference, a full day of leadership development, professional growth and practical insights designed to empower women at every stage of their careers. The day opened with Deborah Ostreicher sharing strategies for communicating with confidence in male-dominated industries, followed by an engaging panel discussion exploring how volunteerism can strengthen careers, expand professional networks and create lasting community impact. Seantae Jackson challenged attendees to ask boldly, advocate for themselves and lead without burning out before Narisa Dicken demonstrated how agentic AI can improve team efficiency through practical workplace applications. Following a networking lunch, mentalist Erica Sodos captivated the audience with an interactive presentation highlighting the power of mindset and human potential. The afternoon continued with a fireside chat featuring Flavia Naves and Sylvia Carlson on the growing role of stablecoins in banking, followed by Lora McCray of the American Bankers Association, who discussed workforce development strategies and the future of banking talent. The conference concluded with Dawn Cannon’s inspiring presentation on finding peace amid chaos, leaving attendees with practical tools to build resilience, lead with confidence and amplify their voices both inside and outside the workplace. This year’s conference once again demonstrated the strength of Utah’s banking community, equipping attendees with fresh perspectives, meaningful connections and actionable ideas to help them drive change within their organizations and across the industry. Utah Banker 12
Why Workforce Consistency Has Become a Banking Risk Issue BY BRAD RICH, Regional Director, isolved HCM Sales Utah’s banks operate in an environment built on trust. Customers expect accuracy, regulators expect discipline and communities expect stability. While much attention is paid to capital strength and regulatory compliance, another risk factor is gaining importance across the industry: workforce and consistency. Every policy, control and customer interaction ultimately depends on people. When internal processes are unclear or applied unevenly across branches and departments, risk increases. Not because employees are careless, but because even experienced teams struggle when systems and expectations are inconsistent. In financial services, small inconsistencies can compound quickly. CONSISTENCY IS AN OPERATIONAL SAFEGUARD Many financial institutions have grown and evolved over time. New branches, new services and changing regulations often result in processes being adapted locally to meet immediate needs. While this flexibility can be helpful in the moment, it can create long-term challenges if left unmanaged. Differences in onboarding, training, documentation or workflow execution may seem minor day to day. Over time, however, those differences can surface during audits, examinations or customer escalations. Inconsistent practices make it harder for leaders to confidently answer a simple but critical question: Are we operating the same way everywhere, with the same level of control and accountability? In a regulated industry, consistency is not about rigidity. It is about control, clarity and confidence across the organization. WORKFORCE STABILITY DOES NOT ELIMINATE RISK Banks have traditionally benefited from long-tenured employees who carry deep institutional knowledge. That experience remains a strength, but it can also mask vulnerabilities. When knowledge lives primarily with individuals rather than within shared processes, transitions become risky and difficult to manage. As experienced employees retire or move into new roles, newer staff are often asked to step into complex responsibilities quickly. Without standardized training and clearly documented processes, that transition can strain teams and increase the likelihood of errors. Workforce stability today requires more than retention. It requires systems that allow people to succeed regardless of their tenure. COMPLIANCE LIVES IN DAILY WORK Policies and procedures only matter if they are executed consistently. Frontline staff balance customer service, operational demands and compliance requirements throughout the day. When processes are fragmented or overly manual, employees spend more time navigating systems than focusing on accuracy, increasing frustration and exposure. Clear workflows and consistent training reduce uncertainty. They help employees understand not only what to do but why it matters. This clarity supports better decision Utah Banker 14
In a regulated industry, consistency is not about rigidity. It is about control, clarity and confidence across the organization. making and reduces stress, particularly in branch environments where pace and volume fluctuate. From a leadership perspective, treating workforce operations as part of the institution’s risk management framework strengthens compliance outcomes while supporting employee performance and long-term resilience. CONFIDENCE STARTS INSIDE THE ORGANIZATION Consistency has benefits that extend beyond compliance. When employees know what is expected and have reliable tools and processes to support their work, confidence grows. Managers gain clearer visibility into performance and potential issues. Executives gain greater assurance that standards are being met across the organization. Customers experience this consistency as well. Predictable, professional interactions reinforce trust and loyalty. In Utah’s close-knit banking communities, those experiences directly influence reputation and long-term relationships. A PRACTICAL PATH FORWARD Improving workforce consistency does not require wholesale transformation. It begins with an honest assessment: • Where do processes vary across branches or teams? • Which critical tasks rely heavily on individual expertise rather than shared standards? • How confident are employees in their ability to execute policies correctly every time? Addressing these questions helps institutions identify opportunities to strengthen operations incrementally. Over time, these improvements reduce risk, support compliance and create a more resilient workforce. In banking, trust is reinforced through discipline and consistency. By focusing on the people and processes behind daily operations, financial institutions can protect what matters most while positioning themselves for steady, sustainable growth. Brad Rich specializes in workforce compliance and employee management solutions at isolved. You can contact him at brich@isolvedhcm.com or by calling (801) 664-4454. Utah Banker 15
BANK KUDOS MOFI RECOGNIZES SMALL BUSINESS LENDER AND UTAH BANK OF THE YEAR Cache Valley Bank has been named MoFi’s 2025 Utah Bank of the Year for its outstanding partnership and commitment to helping Utah entrepreneurs access capital and grow their businesses. In 2025, the bank partnered with MoFi to provide more than $9.4 million in financing through the program, helping Utah businesses access the capital needed to invest, expand and create jobs. Each year, MoFi recognizes one banking partner in each state where it operates for an exceptional commitment to helping entrepreneurs access capital and grow their businesses. Steve Winters, senior vice president at Altabank™, has been named MoFi’s 2025 Small Business Lender of the Year for helping Utah entrepreneurs access financing through an innovative state capital access program. In 2025, Winters and Altabank partnered with MoFi to secure approximately $2.3 million in financing for two Utah businesses through the Utah Small Business Credit Initiative (USBCI). The financing helped both businesses pursue major growth and expansion opportunities. Utah Banker 16
BANK OF UTAH Bank of Utah Receives Top Export Lender Award from SBA for Second Year in a Row Bank of Utah has been named the recipient of the Top Export Lender Award by the U.S. Small Business Administration (SBA) Utah District Office for the second consecutive year. “Small businesses are the driving force behind our vibrant communities, and we succeed only when we make our communities better,” said Brett Jensen, SVP, SBA administrator at Bank of Utah. “Winning the award two years in a row means we’ve maintained the momentum we’ve established and kept a high standard of client service and success as Utah companies grow their products and services worldwide.” SBA lending programs are key tools in helping entrepreneurs access the capital they need to start, grow and expand their businesses. Working with a local lender like Bank of Utah helps small business owners better understand SBA loan options and navigate the application process more effectively. With over $920 million in SBA-backed loans — $77.5 million contributed by Bank of Utah — delivered to Utah businesses, lending institutions across the state play a critical role in supporting Utah’s growing small business sector. Bank of Utah Ranked No. 17 Among Best-Performing U.S. Community Banks by S&P Global Market Intelligence Bank of Utah ranks No. 17 on S&P Global Market Intelligence’s 2025 list of Best-Performing U.S. Community Banks in the $3 billion to $10 billion asset category. It’s the second consecutive year that the bank has been placed in the top 20. The ranking reflects the bank’s financial performance across returns, growth and funding, with an emphasis on balance sheet strength and risk profile. Bank of Utah Named Best Community Bank in the 2026 Best of State Awards Bank of Utah has been named Best Community Bank in the 2026 Best of State Awards, which celebrates Utah’s most outstanding individuals, businesses and organizations that demonstrate excellence in their fields, embrace innovation and contribute to the state’s quality of life. That mission was reflected in measurable ways throughout 2025. Bank of Utah team members contributed more than 2,000 volunteer hours, with 313 employees supporting 107 organizations statewide. More than 30 team members served on nonprofit and community boards. Utah Banker 17
KEYBANK Suazo Business Center Secures $600,000 KeyBank Grant to Advance Entrepreneurship Program Suazo Business Center (Suazo), a Utah-based nonprofit business development organization dedicated to expanding access to business ownership, capital and financial education, has been awarded a $600,000 grant from the KeyBank Foundation. The grant, the largest the KeyBank Foundation has awarded in Utah, will support the development of a hybrid entrepreneurship program that combines self-paced learning with live instruction, helping to remove barriers related to language, scheduling, transportation and geography for economically disadvantaged entrepreneurs. “Suazo Business Center is empowering Utah entrepreneurs with the skills and confidence to build sustainable careers and businesses,” said Drew Yergensen, KeyBank Utah market president. “This initiative aligns with KeyBank’s Neighbors, Education and Workforce priorities by expanding access to education and supporting job creation.” Over time, this funding will expand the number of participants served, supporting both new and existing entrepreneurs. It will also enable virtual bilingual cohorts with one-on-one advising, helping create and retain jobs while strengthening household stability. KeyBank Celebrates 35th Annual Neighbors Make the Difference Day On Tuesday, June 2, KeyBank proudly celebrated its 35th annual Neighbors Make the Difference Day®, a signature day of service that brings teammates together to support the communities they call home. Over 100 KeyBank teammates in Utah rolled up their sleeves and volunteered alongside local nonprofit partners on eight projects throughout the region. Project locations included Bountiful Community Food Pantry, Neighborhood House, Tracy Aviary’s Nature Center at Pia Okwai, Utah Community Action and others. KeyBank teammates built playgrounds, painted homes, refreshed community gardens, cleaned up parks and supported local organizations. At select sites, teammates also hosted financial education workshops to help neighbors build confidence and tools for their financial futures. “Neighbors Make the Difference Day is one of the most meaningful days of the year for our teammates,” said Drew Yergensen, KeyBank Utah market president. “It’s an opportunity to give back to the communities we care so deeply about and to show up as neighbors, not just bankers. Communities thrive when volunteers unite, and we’re proud to invest our time, talent, and heart into Utah and help brighten lives in ways that truly matter.” D.L. EVANS BANK In June, D.L. Evans Bank broke ground on its 40th branch, and eighth in Utah, located at 2225 North Main Street in North Logan. It will be a full-service location, offering a full range of banking products and services, with decisions made locally. Construction is expected to be completed in late 2026. Utah Banker 18
Zions Bank Hosts 34th Annual Paint-a-Thon More than 1,200 Zions Bank employees volunteered to help beautify homes, schools and non-profit organizations across Utah for the bank’s 34th annual Paint-a-Thon during the first week of June. In total, nine homes, nine non-profits and four schools received a fresh coat of paint and a refresh of their landscaping, directly or indirectly benefitting thousands of Utahns. An additional seven projects were completed in Idaho. Zions Bank’s Paint-a-Thon began in 1991 as a volunteer project for a dozen homes along Utah’s Wasatch Front. Over the three ensuing decades, Zions Bank employees have set aside summer pastimes for a week each year — volunteering in the evenings after work — to paint 1,331 homes and non-profits throughout Idaho, Utah and Wyoming. Not counting the dollar value of volunteer hours through the years, the bank has donated more than $1.5 million toward beautifying communities in the three states. Zions Bank Receives Six 2026 Best of State Awards Zions Bank received six 2026 Best of State Awards in the following categories: • Business Services — Banking • Mortgage Banking • Economic Development • Employer • Large Business • Merchandising and Consumer Services — Banking The Best of State awards recognize organizations for their excellence, achievement, innovation and creativity, and for making Utah a better place to live. ZIONS BANK Your Land, Your Plan Fund Awards First Round of Grants Zions Bank, in partnership with Intermountain Health, has awarded more than $85,000 in grants to organizations and municipalities across Utah. The Your Land, Your Plan Fund offers cities, schools, counties and other local public landowners additional resources to enhance their real estate assets by supporting planning projects and community engagement initiatives that help build healthier economies and vibrant communities. Grants were awarded to: • The City of Moab, to support the development of a downtown Main Street master plan. • The City of Ogden, to develop a public asset activation strategy and mapping tool. • R6 Regional Council, to update B and C class roadway mileage reports for all municipalities within the region. • The City of Price, to digitize and update the existing catalog of city-owned real property throughout Price City. Utah Banker 19
Utah Bankers Association Contributes to BankPAC The Utah Bankers Association contributed $30,000 to the American Bankers Association’s BankPAC at a reception in July in Detroit. BankPAC is the largest PAC representing the banking industry, with the sole purpose of helping elect pro-banking decision-makers to federal office. While our n me h s ch nged under new ownership, the he rt of our comp ny rem ins the s me — including the reli ble, friendly te m you’ve lw ys worked with. Our go l is to be trusted p rtner for tr de nd profession l ssoci tions, strengthening membership nd connecting member businesses with their future customers. We look forward to what’s to come! New name. Same people. Renewed commitment. We’re excited to nnounce th t is now mbr-connect.com (801) 676-9722 hello@mbr-connect.com Utah Banker 20
BANKERS ON THE MOVE ALTABANK Altabank has appointed Jerry Bregg and Fred Titensor to its board of directors, following the impending retirement of current board member Doug Swenson, whose term will end Dec. 31. “We are thankful for Doug’s dedication and service to Altabank over the past years,” said Terry Grant, CEO of Altabank. “We are grateful to have experienced business leaders Jerry Bregg and Fred Titensor joining the board.” Jerry Bregg is a partner at Whittet Advisory and has over 30 years of experience in corporate governance, financial reporting, enterprise risk and capital markets transactions. His career includes time with Big Four accounting firms and public companies. Fred Titensor is co-owner and general manager of Valley Implement Company, a multi-location farm equipment dealership serving Utah and Idaho. He has been with Valley Implement since 1999, during which time he has led all aspects of operations across two states and maintained key manufacturer relationships with the largest equipment manufacturers in the industry. BANK OF UTAH Aubrey Chapman has been named banking manager of the Brigham City branch. She brings six years of experience in the finance industry, including roles at America First Credit Union and Wells Fargo. Spencer Thorn has been appointed vice president, relationship manager. He joins Bank of Utah after a 20-year career at Zions Bank, where he advanced from a teller to several leadership roles, including commercial relationship manager, business banker, financial center manager, assistant branch manager and personal banker. Justin Shaw was promoted to branch manager of the Redwood branch. This promotion follows his strong performance and client-focused approach during his time as a mortgage loan officer with the bank. Wendy Medley was appointed branch manager of the Price branch. She brings more than 20 years of experience in the financial and title services industries. Chris Herbert has been named treasury management officer. Herbert brings more than 12 years of banking experience, including nearly a decade as a treasury manager at Zions Bank, where he worked with a diverse portfolio of retail, commercial and industrial (C&I) and commercial real estate clients. Jerry Bregg Fred Titensor Aubrey Chapman Justin Shaw Chris Herbert Wendy Medley Spencer Thorn Utah Banker 21
Spencer Pack David Pierce BRIGHTON BANK Jade Symes has been promoted to operations manager of the Midtown branch. Jade has been a valued member of the Brighton Bank team for more than seven years and brings extensive banking experience and expertise to her new position. Payton Lowder has been promoted to lending analyst in the administration department. Payton joined the bank in June 2025 as a teller at the Cottonwood branch and has quickly become a valued member of the Brighton Bank team. D.L. EVANS BANK Blake Lewis has been promoted to commercial loan officer at the bank’s Orem branch. Blake has been with D.L. Evans Bank for over a year, gaining valuable experience through the bank’s Loan Officer Internship program while working in a variety of branch and back-office roles. Prior to joining the bank, he held positions as a financial analyst, assistant controller and sales team leader. Sterling Heiner has been appointed vice president, commercial loan officer at the Orem branch. He has nearly 15 years of experience in the banking industry. He began his career as a teller and later advanced to roles such as branch manager, investment banker and commercial banker at various financial institutions. Josh Monsen has been named vice president, commercial loan officer at the Orem branch. He brings over 11 years of banking experience, with a strong emphasis on agricultural lending through previous positions held at Rock Canyon Bank and Hillcrest Bank. TAB BANK TAB Bank is pleased to welcome Aaron Brand as vice president of business development, based in Southern California. Aaron’s focus will be on helping small to mid-sized businesses with a variety of capital options. Blake Lewis Sterling Heiner Josh Monsen Aaron Brand Jade Symes Payton Lowder Spencer Pack joined Bank of Utah as vice president, relationship manager. He has more than 20 years of banking and business development experience, including stints at D.L. Evans Bank, JPMorgan Chase and Bank of the West. David Pierce has been appointed senior vice president, foreign exchange manager. He brings more than 38 years of experience in corporate finance, foreign exchange and strategic consulting and will lead the bank’s currency trading, risk management and international treasury strategies. Utah Banker 22
ZIONS BANK Don Stafford has joined Zions Bank as executive vice president and director of commercial and corporate banking. He has more than 20 years of commercial banking experience and previously led Wells Fargo’s commercial banking division for the Pacific Northwest. Brad Herbert and Audra Achiu will serve as business development officers with Zions Bank. Audra brings 10 years of executive communication experience to the role, including several years on Wells Fargo’s commercial banking team. Brad has been with Zions Bank for 18 years in a variety of roles, most recently as an SVP in international banking. Specialty Banking Executive Director Peter Morgan retired in July after a 43-year career with Zions Bank. He has held various positions in commercial lending and served on multiple boards, including the Utah Shakespeare Festival and the Salt Lake City Housing Trust Fund. WEBBANK WebBank is pleased to announce that Parris Sanz, executive vice president, chief legal officer and head of policy & government relations, will assume executive oversight of the compliance department. Parris brings relevant experience to this expanded role, having previously overseen compliance functions earlier in his career. WebBank continues to strengthen its leadership team by appointing Philip Gitler as senior vice president, head of asset finance, leading the bank’s newly formed Asset Finance team. In this expanded role, Phil will oversee the combined Lender Finance and Partner Finance businesses, driving integrated financing solutions across the specialty finance ecosystem. Philip Gitler Brad Herbert Peter Morgan Parris Sanz Don Stafford Audra Achiu Utah Banker 23
Welcome to Our New Associate Members! CORSERV Contact: Eden Dombrowa, Corporate Communications Manager edombrowa@corservsolutions.com corservsolutions.com CorServ provides innovative payment card issuing, processing and program management solutions, empowering banks and fintechs to successfully deliver credit, debit, prepaid, virtual and purchasing cards. CorServ’s turnkey credit card issuing program enables banks to earn a significantly higher ROA than the typical agent bank model, access cardholder data and participate in credit decisions without adding staff or infrastructure. FIN CAPITAL Contact: Logan Allin, Managing Partner and Founder logan@fin.capital fin.capital Fin Capital is a full lifecycle B2B enterprise software investor managing $1.35 billion, with over 130 portfolio companies across three offices. We recently obtained our SBIC license and scheduled the close of our Flagship III — SBIC (non-debenture) fund, which will be the firm’s ninth fund overall. Fin’s value proposition for banks comprises three pillars: driving alpha/ROI from their SBIC fund investment, supporting digital innovation initiatives and pursuing commercial opportunities within our portfolio network. SRM Contact: Melissa O’Kelley, Vice President, Business Development mokelley@srmcorp.com srmcorp.com SRM is a global advisory and execution firm that helps financial institutions and fintechs modernize with confidence. For more than 30 years, SRM has gone beyond traditional consulting by uniting strategy, technology and execution under one roof and one partner — bringing clarity to complexity and momentum to transformation. VINDIX Contact: Nate Mills nate@vindix.com vindix.com VindiX closes the wire transfer security gap, protecting high-value payment instructions against the massive security gap where traditional cybersecurity and human failsafes fall short. VindiX adds one simple, powerful extra layer that works seamlessly alongside everything you already do. When sending payment instructions, VindiX quietly creates an invisible digital fingerprint of the exact content — without changing a single word, number or pixel. Utah Banker 24
UBA ASSOCIATE MEMBERS ABA Insurance Services Inc. 3401 Tuttle Rd., Ste. 300 Shaker Heights, OH 44122 Mike Read (800) 274-5222 mread@abais.com www.abais.com Ascribe 400 N. Tustin Ave., Ste. 402 Santa Ana, CA 92705 Lindsey Pryor (316) 253-2837 lpryor@ascribeval.com www.ascribeval.com Azureity 585 W. 500 S., Ste. 210 Bountiful, UT 84010 Bryan Boam (801) 677-2499 bboam@azureity.com azureity.com B:Side Capital Lisa Adams (303) 657-0010 ladams@bside.org www.bsidecapital.org Baker Tilly 601 W. Riverside Ave., Ste. 1800 Spokane, WA 99201 Mike Thronson (509) 747-2600 mike.thronson@bakertilly.com www.bakertilly.com Bank Marketing Center 95 Old Stratton Chase Atlanta, GA 30328 Neal Reynolds (678) 528-6688 nreynolds@bankmarketingcenter.com www.bankmarketingcenter.com Bankers’ Bank of the West 1099 18th St., Ste. 2700 Denver, CO 80202 Lance Niles (303) 291-3700 lniles@bbwest.com www.bbwest.com BankTalentHQ 3201 W. White Oaks Dr., Ste. 400 Springfield, IL 62704 Ben Jackson bjackson@illinois.bank www.banktalenthq.com Bell Bank 2435 S. Honeysuckle Cir. Mesa, AZ 85209 Tracy Peterson (480) 339-8533 tpeterson@bell.bank bell.bank BHG Financial Institutional Network 10234 W. State Rd. 84 Davie, FL 33324 Keith Gruebele (954) 263-6399 kgruebele@bhg-inc.com bhgfinancial.com/institutional-network BMA Banking Systems 2151 S. 3600 W. Salt Lake City, UT 84119 Adam Weight (801) 887-0103 adam.weight@bmabankingsystems.com bmabankingsystems.com Capital Matrix Inc. 6429 W. Interchange Ln. Boise, ID 83709 Ann Munroe (208) 789-2605 amunroe@capitalmatrix.org capitalmatrix.org Cherrywood Enterprises LLC 12472 Lake Underhill Rd., Ste. 337 Orlando, FL 32828 Craig M. Geisler (321) 247-5066 cgeisler@cherrywoodenterprises.com cherrywoodenterprises.com Compliance Alliance Inc. PO Box 162407 Austin, TX 78716 Scott Daugherty (888) 353-3933 scott@compliancealliance.com compliancealliance.com Convergint 2211 W. 2300 S. Salt Lake City, UT 84119 Christopher Rawson (801) 336-0704 christopher.rawson@convergint.com convergint.com CorServ 5607 Glenridge Dr., Ste. 460 Atlanta, GA 30342 Eden Dombrowa (404) 939-6049 edombrowa@corservsolutions.com corservsolutions.com CrossCheck Compliance 810 W. Washington Blvd. Chicago, IL 60607 Liza Warner (312) 346-4600 lwarner@crosscheckcompliance.com crosscheckcompliance.com Crowe LLP 1801 California St., Ste. 2200 Denver, CO 80202 Sindy Nicholson (303) 831-5000 sindy.nicholson@crowe.com www.crowe.com Discover Debit 1301 McKinney St., Ste. 2500 Houston, TX 77010 Jim Foster (303) 993-4701 jimfoster@discover.com www.discoverdebit.com Dorsey & Whitney LLP 111 S. Main St., Fl. 21 Salt Lake City, UT 84111 Steve Waterman (801) 933-7365 waterman.steven@dorsey.com www.dorsey.com Eide Bailly LLP 5 Triad Center, Ste. 600 Salt Lake City, UT 84121 Gary Smith (888) 777-2015 gsmith@eidebailly.com www.eidebailly.com Engage fi 5550 W. Executive Dr., Ste. 540 Tampa, FL 33609 Emily Harrington (844) 415-7962 emily.harrington@engagefi.com engagefi.com Federal Home Loan Bank of Des Moines 909 Locust St. Des Moines, IA 50309 Zachary Bassett (800) 544-3452 zbassett@fhlbdm.com www.fhlbdm.com FHN Financial 1000 Ridgeway Loop Rd., Ste. 200 Memphis, TN 38120 Trae Winston (901) 435-8757 trae.winston@fhnfinancial.com www.fhnfinancial.com Fin Capital 1 Sansome St., Ste. 3950 San Francisco, CA 94104 Logan Allin logan@fin.capital fin.capital FinPro Inc. 46 E. Main St., Ste. 303 Somerville, NJ 08876 Scott Polakoff (908) 234-9398 spolakoff@finpro.us www.finpro.us Forvis Mazars 250 E. 200 S., Ste. 1200 Salt Lake City, UT 84111 Bud Hollenkamp (303) 861-4545 bud.hollenkamp@us.forvismazars.com www.forvismazars.us FPS GOLD 1525 W. 820 N. Provo, UT 84601 Matt DeVisser (801) 429-2126 mattd@fps-gold.com www.fpsgold.com Go Abacus Corporation 222 W. Merchandise Mart Plz., #1212 Chicago, IL 60654 Jacob Nolen (619) 608-4784 jacob.nolen@goabacus.co goabacus.co Holland & Hart LLP 222 S. Main St., Ste. 2200 Salt Lake City, UT 84101 Timothy Crisp (801) 799-5800 tscrisp@hollandhart.com www.hollandhart.com iDENTIFY 110 S. Hartford Ave., Ste. 2509 Tulsa, OK 74120 Lee Easton lee@goidentify.com www.goidentify.com InterMountain Business Lending 5333 Adams Ave., Ste. B Ogden, UT 84405 Caryl Eriksson (801) 627-1333 ceriksson@im504.com im504.com Utah Banker 25
IntraFi 1300 N. 17th St., Ste. 1800 Arlington, VA 22209 Andy Pohlman (703) 292-3301 apohlman@intrafi.com www.intrafi.com isolved 324 S. State St., Ste. 500 Salt Lake City, UT 84111 Brad Rich (801) 664-4454 brich@isolvedhcm.com www.isolvedhcm.com KeyState PO Box 50102 Henderson, NV 89016 Brian Amend (702) 598-3738 bamend@key-state.com www.key-state.com/captive-solutions/ Kobalt Labs 410 W. 23rd St., #3A New York, NY 10011 Kalyani Ramadurgam kalyani@kobaltlabs.com www.kobaltlabs.com MoFi 10 W. Broadway, Fl. 7 Salt Lake City, UT 84101 Dylan Gano (406) 728-9234 dylang@mofi.org www.mofi.org Mountain West Small Business Finance 2595 E. 3300 S. Salt Lake City, UT 84109 Danny Mangum (801) 474-3232 dmangum@mwsbf.com mwsbf.com mysherpas 257 E. 200 S., Ste. 525 Salt Lake City, UT 84111 Josh Talbert (385) 799-6595 josh@sherpas.ai www.mysherpas.ai Naehas 3600 W. Bayshore Rd., Ste. 101 Palo Alto, CA 94301 Cassie LeBlanc (337) 718-6957 cassiel@naehas.com www.naehas.com NBID LLC 27 W. 24th St., Ste. 701 New York, NY 10010 Tony Karalekas (239) 248-5764 tony@nbid.com nbid.com Ncontracts 1221 Broadway, Ste. 1900 Nashville, TN 37203 Liam Ward-Gladwin (202) 460-2686 liam.ward-gladwin@ncontracts.com www.ncontracts.com Newcleus 411 S. State St., Fl. 3 Newtown, PA 18940 Larry Rowley (267) 291-2130 lrowley@newcleus.com newcleus.com ODP Business Solutions 9501 Amberglen Blvd., Ste. 200 Austin, TX 78729 Jesse Soto (512) 881-7443 jesse.soto@odpbusiness.com www.odpbusiness.com OnCourse Learning PO Box 310 Waunakee, WI 53597 www.oncourselearning.com/bank Parsons Behle & Latimer 201 S. Main St., Ste. 1800 Salt Lake City, UT 84111 Gary E. Doctorman (801) 532-1234 gdoctorman@parsonsbehle.com parsonsbehle.com PCBB 1255 Treat Blvd., Ste. 240 Walnut Creek, CA 94597 Michael Johnson (415) 399-5800 mjohnson@pcbb.com www.pcbb.com Piper Sandler Companies 1251 Avenue of the Americas, Fl. 6 New York, NY 10020 Avi Barak (212) 466-7700 avi.barak@psc.com www.pipersandler.com PULSE, a Discover Company 1301 McKinney St., Ste. 600 Houston, TX 77010 Jim Foster (281) 884-8663 jimfoster@discover.com www.pulsenetwork.com/ public/discover-debit/ PwC 201 S. Main St., Ste. 900 Salt Lake City, UT 84111 Ryan Dent (435) 850-9797 ryan.j.dent@pwc.com www.pwc.com R&T Deposit Solutions 1370 Broadway, Fl. 17 New York, NY 10018 Carissa Cancel (866) 237-2752 ccancel@rnt.com rnt.com Raisin 1411 Broadway New York, NY 10018 Iñigo San Martin inigo.sanmartin@raisin.com www.raisin.com Ray Quinney & Nebeker P.C. 36 S. State St., Ste. 1400 Salt Lake City, UT 84111 Richard Madsen (801) 532-1500 rmadsen@rqn.com rqn.com RMCRC 64 E. Winchester St., Ste. 230 Salt Lake City, UT 84107 Christopher Jensen (801) 366-0040 cjensen@rmcrc.org rmcrc.org RSM US LLP 2755 E. Cottonwood Pkwy., Ste. 100 Salt Lake City, UT 84121 Jim Cronauer (385) 342-9341 jim.cronauer@rsmus.com rsmus.com Run Ventures 95 S. State St., Ste. 1400 Salt Lake City, UT 84111 Barrett Edgington (801) 372-7014 barrett@run.vc run.vc Savory Fund 1557 W. Innovation Way, #150 Lehi, UT 84043 Taylor DeHart (801) 642-3800 tdehart@savoryfund.com savoryfund.com Scalley Reading Bates Hansen & Rasmussen 15 W. South Temple, Ste. 600 Salt Lake City, UT 84101 Darwin Bingham (801) 531-7870 dbingham@scalleyreading.net www.scalleyreading.com Select Bankcard 170 S. Interstate Plz., Ste. 200 Lehi, UT 84043 Pete Mudrow (801) 791-1938 pmudrow@selectbankcard.com www.selectbankcard.com Shred-It 205 Winchester Dr. East Stroudsburg, PA 18301 Kevin Kroboth (917) 528-7940 kevin.kroboth@stericycle.com www.shredit.com/en-us/ national-accounts/state-bankersassociation-program Simpson & Company CPAs 5353 S. 960 E., Ste. 102 Salt Lake City, UT 84117 Kenneth Simpson (801) 484-5206 krsimpson@simpson-co.com simpson-co.com Spring Labs 4551 Glencoe Ave., Ste. 330 Marina Del Ray, CA 90292 Nate Schmitt (310) 484-6928 nate@springlabs.com www.springlabs.com SpringTide Ventures 50 W. Broadway, Ste. 333, PMB 32923 Salt Lake City, UT 84101 Austin Walters (801) 822-2544 austin@springtide.com www.springtide.com UBA ASSOCIATE MEMBERS Utah Banker 26
SRM 5100 Poplar Ave., Ste. 2500 Memphis, TN 38137 Melissa O’Kelley 901) 681-0204 mokelley@srmcorp.com srmcorp.com Stablecore PO Box 190829 Dallas, TX 75219 Alex Treece (469) 269-2648 sales@stablecore.com stablecore.com StrategyCorps 100 Westwood Pl., Ste. 400 Brentwood, TN 37027 Jack Enger (425) 941 8817 jack.enger@strategycorps.com strategycorps.com Tag Systems USA Inc. 2252 S. Presidents Dr. West Valley City, UT 84120 Thomas Grouard (518) 450-9644 tgrouard@tagsystems.net tagsystems.net TCA Compliance 2021 Midwest Rd., Ste. 200 Oak Brook, IL 60523 Michelle Strickland (219) 707-7725 m_strickland@tcaregs.com www.tcaregs.com Tech Legion PO Box 51521 Provo, UT 84065 Lee Weech (801) 935-9923 lweech@techlegion.com techlegion.com Unitas Financial Services 6543 Commerce Pkwy., Ste. M Dublin, OH 43017 Brian Ruhe (740) 967-1131 brian.ruhe@unitas360.com www.unitas360.com Vericast 15955 La Cantera Pkwy. San Antonio, TX 78256 www.vericast.com VindiX 1984 N. 2405 W. Clearfield, UT 84015 Nate Mills (385) 332-2936 nate@vindix.com vindix.com West Gate Bank Correspondent Mortgage Services 6003 Old Cheney Rd. Lincoln, NE 68506 Clay Blank (402) 853-7026 cblank@westgate.bank tpo.westgate.mortgage Zest AI 3900 W. Alameda Ave., 16th Fl. Burbank, CA 91505 David Odell (617) 633-3284 dho@zest.ai zest.ai Zions Correspondent Banking Group 310 S. Main St., Ste. 1400 Salt Lake City, UT 84101 Phil Diederich (801) 844-7853 phillip.diederich@zionsbancorp.com www.zionscbg.com UBA ASSOCIATE MEMBERS Howard M. Headlee President & CEO howard@utah.bank Sara Matute Executive Vice President sara@utah.bank UBA STAFF Beth Parker Director of Education beth@utah.bank Brian Comstock Director of Communications & Marketing brian@utah.bank Jackson Last Deputy Chief of Staff jackson@utah.bank ©2026 Utah Bankers Association (UBA) | MBR Connect. All rights reserved. Utah Banker 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 UBA, 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 who are independent of UBA. 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. Utah Banker 27
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