PUB. 18 2021 ISSUE 3

4 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S — H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S 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. ©2021 The NewMexico Bankers Association (NMBA) | The newsLINK Group, LLC. All rights reserved. The NewMexico Bankers Association Quarterly is published four times eachyear by ThenewsLINKGroup, LLC forNMBAand is theofficial 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 publi - cation are those of the individual authors and do not necessarily represent the views of the 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. The NewMexico Bankers Association Quarterly is a collective work, and as such, some articles are submitted by authors who are independent of NMBA. While the New Mexico Bankers Association Quarterly encourages a first-print policy, in cases where this is not possible, every effort has beenmade 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. 6 PRESIDENT’S MESSAGE: IT'S THAT TIME OF YEAR AGAIN By Lonnie Talbert, President, New Mexico Bankers Association 8 EXECUTIVE VICE PRESIDENT’S MESSAGE: IMPORTANT CONGRESSIONAL AND STATE LEGISLATIVE ISSUES By John W. Anderson, Executive Vice President, New Mexico Bankers Association 12 WASHINGTON UPDATE: BANKING ON INCLUSION: AMERICA’S BANKS EMBRACE BANK ON MOVEMENT By Rob Nichols, President and CEO, American Bankers Association 14 RECOGNIZING THE VALUE OF INCENTIVE COMPENSATION PLANS By Trey Deupree, NFP 16 THE NEW MEXICO BANKERS ASSOCIATION 109TH ANNUAL CONVENTION 18 AMERICA’S HIGHER EDUCATION CONUNDRUM By Mark Anderson, NMBA Legal and Legislative Assistant 20 ONE STEP CLOSER TO INSTANT PAYMENTS WITH THE FEDNOW SM PILOT PROGRAM By Jay Kenney, SVP & Southwest Regional Manager for PCBB 22 WHAT A SMALL TOWN TAUGHT ME ABOUT ARTIFICIAL INTELLIGENCE By Neal Reynolds, President, 24 DIGITAL ACCELERATION OF BUSINESS PAYMENTS By William J. Schoch, President & CEO, Wespay 26 BANK NEWS 2021 NMBA Board of Directors President Lonnie Talbert Southwest Capital Bank 1410 Central Ave., SW Albuquerque, NM 87104 President-Elect David Hockmuth Wells Fargo Bank, NA 200 Lomas, W Albuquerque, NM 87102 Secretary Treasurer Michael Lowrimore Bank of the West 303 Roma Ave., NW Albuquerque, NM 87102 Immediate Past President Jason Wyatt Western Commerce Bank 212 North Canal St. Carlsbad, NM 88220 Terms Expiring 2022 Scott Czarniak First National 1870 7300 Jefferson St., NE Albuquerque, NM 87109 Aaron Emmert Pioneer Bank 3000 N. Main St. Roswell, NM 88201 Mark Horn Pinnacle Bank 107 W. Aztec Ave. Gallup, NM 87301 Terms Expiring 2023 Ken Clayton Western Bank, Artesia 320 W. Texas Artesia, NM 88210 Sheila Mathews Four Corners Community Bank 500 W. Main, Suite 101 Farmington, NM 87401 Jay Jenkins CNB Bank P.O. Box 1359 Carlsbad, NM 88220 Terms Expiring 2024 Kyle Beasley Bank of Albuquerque 100 Sun Ave., NE, Suite 500 Albuquerque, NM Paul Mondragon Bank of America, NA 4401 Central Ave., NE Albuquerque, NM 87108 Elizabeth Earls U.S. Bank, NA 7900 Jefferson, NE Albuquerque, NM 87109