OVER A CENTURY: BUILDING BETTER BANKS — HELPING NEW MEXICO REALIZE DREAMS 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. ©2023 The New Mexico Bankers Association (NMBA) | The newsLINK Group, LLC. All rights reserved. The New Mexico 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 New Mexico 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. PRESIDENT’S MESSAGE 6 PASSING THE TORCH By David Hockmuth, President, New Mexico Bankers Association EXECUTIVE VICE PRESIDENT’S MESSAGE 8 ADDRESSING HOMELESSNESS IN NEW MEXICO By John W. Anderson, Executive Vice President, New Mexico Bankers Association WASHINGTON UPDATE 10 AMERICA’S BANKS ARE STRONGER TOGETHER By Rob Nichols, President and CEO, American Bankers Association 12 THE CASE FOR STRESS TESTING MORE FREQUENTLY By Jay Kenney, SVP & Southwest Regional Manager, PCBB 16 “THE WORLD HAS CHANGED.” ARE YOU READY FOR THE DEPOSIT BATTLE ROYALE? By Rob Blackwell, Chief Content Officer and Head of External Affairs, IntraFi 18 ARTIFICIAL INTELLIGENCE THE POINT OF NO RETURN? By Mark Anderson, NMBA Legal and Legislative Assistant 22 THE CHALLENGES NEW MEXICANS FACE IN THE HOUSING MARKET: BUILDING HOMEOWNERSHIP OPPORTUNITIES By Daniela Freamon, New Mexico Mortgage Finance Authority BANK NEWS 24 BMO EXECUTIVE DARREL HACKETT TO SUCCEED RETIRING DAVE CASPER AS U.S. CEO GOVERNOR SIGNS EXECUTIVE ORDER CREATING AFFORDABLE HOUSING INVESTMENT COUNCIL 26 CONGRATULATIONS! NMBA 2023 COMMUNICATOR AWARD WINNER! Our Mission Contents President David Hockmuth Wells Fargo Bank, NA 200 Lomas, NW Albuquerque, NM 87102 President-Elect Mark Horn Pinnacle Bank 107 E. Aztec Ave. Gallup, NM 87301 Interim Secretary Treasurer Elizabeth Earls U.S. Bank, NA 1900 Jefferson, NE Albuquerque, NM 87109 Immediate Past President Jason Wyatt Western Commerce Bank 212 North Canal St. Carlsbad, NM 88220 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 PO Box 1359 Carlsbad, NM 88220 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 TERMS EXPIRING 2025 Scott Czarniak First National 1870 7300 Jefferson St., NE Albuquerque, NM 87109 Aaron Emmert Pioneer Bank 3000 N. Main St. Roswell, NM 88201 Kamal Ali PNC Bank 2494 Louisiana Blvd., NE Albuquerque, NM 87110 2023 NMBA Board of Directors 4
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