Pub. 19 2022 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. ©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 NewMexico 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. 6 PRESIDENT'S MESSAGE: AN INTERVIEW WITH NEW NMBA PRESIDENT DAVID HOCKMUTH By David Hockmuth, President, New Mexico Bankers Association 9 EXECUTIVE VICE PRESIDENT'S MESSAGE: NMBAs 110TH ANNUAL CONVENTION By John W. Anderson, Executive Vice President, New Mexico Bankers Association 11 WASHINGTON UPDATE: BREAKING DOWN THE DEBATE OVER DIGITAL ASSETS By Rob Nichols, President and CEO, American Bankers Association 12 BANK NEWS 13 A SMALL STEP IN SOLVING AN EXISTENTIAL EDUCATIONAL PROBLEM By Mark Anderson, NMBA Legal and Legislative Assistant 15 HOW BANKS CAN RESPOND TO THE SHIFTING FUNDING LANDSCAPE By Rob Blackwell, Chief Content Officer, IntraFi 17 INVERTED YIELD CURVE MAY BRING HEDGING OPPORTUNITY By Jay Kenney, PCBB 18 SWOT-ING AT THE CRISSCROSSING CRYPTO CRACKDOWN By Theo Kelly, Associate General Counsel, Compliance Alliance 20 BHG BANK NETWORK MEMBERS EARN COMBINED $1 BILLION IN INTEREST INCOME By Kathleen Connellan, VP, Institutional Relations, BHG Financial 21 110TH NEW MEXICO BANKERS ASSOCIATION ANNUAL CONVENTION SEPTEMBER 15-16, 2022 AT BUFFALO THUNDER RESORT AND CASINO 21 NMBA CONVENTION SPONSORS Contents 11 18

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