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. ©2022 The NewMexico Bankers Association (NMBA) | The newsLINK Group, LLC. All rights reserved. The NewMexico Bankers Digest is published four times each 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 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 New Mexico Bankers Digest is a collective work, and as such, some articles are submitted by authors who are independent of NMBA. While the NewMexico Bankers Digest 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. 2022 NMBA BOARD OF DIRECTORS President Jay Jenkins CNB Bank P.O. Box 1359 Carlsbad, NM 88220 President-Elect David Hockmuth Wells Fargo Bank, NA 200 Lomas, NW 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 E. 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 TERMS EXPIRING 2024 Kyle Beasley Bank of Albuquerque 100 Sun Ave., NE, Suite 500 Albuquerque, NM 87109 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 6 PRESIDENT’S MESSAGE: STATE BANK OP-ED By Jay Jenkins, President, New Mexico Bankers Association 8 EXECUTIVE VICE PRESIDENT'S MESSAGE By John W. Anderson, Executive Vice President, New Mexico Bankers Association 11 INFLATION: A DEEPER LOOK AT A CONTINUING PROBLEM By Mark Anderson, NMBA Legal and Legislative Assistant 14 NO DEAL: STATES SLAM ON BRAKES FOR CU ACQUISITIONS OF COMMUNITY BANKS By Rob Nichols, President and CEO, American Bankers Association 17 FINDING NEW INTERNATIONAL BUSINESS CUSTOMERS IN YOUR MIDST By Jay Kenney, SVP & Southwest Regional Manager, PCBB 20 THREE DIGITAL BANKING STRATEGIES TO DRIVE CUSTOMER ENGAGEMENT By Shelby Isert, Product Manager, Digital Banking, CSI 23 PIONEER BANK AWARDED ON THE FORBES BEST-IN-STATE BANKS 2022 LIST 24 BANK NEWS 26 PAUL REARDON, ZIA TRUST CEO ANNOUNCEMENT ISSUE 2, 2022 NEW MEXICO PUBLISHED BY NEW MEXICO BANKERS ASSOCIATION, FOUNDED IN 1906 PHOTO BY: JIM RENFROW President's Message State Bank Op-Ed — Jay Jenkins Page 6 Execu�ve Vice President's Message — John W. Anderson Page 8 Infla�on: A Deeper Look at a Con�nuing Problem — Mark Anderson Page 11
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