Pub. 15 2018 Issue 2

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 The NewMexico Bankers Association is proud to present THE NEW MEXICO BANKERS DIGEST as a benefit of membership in the Association. No member dues were used in the publishing of this news magazine. All publishing costs were borne by advertising sales. Purchase of any products or services from paid advertisements within this magazine are the sole responsibility of the consumer. The statements and opinions expressed herein are those of the individual authors and do not necessarily represent the views of NEWMEXICO BANKERS ASSOCIATION , or its publisher The newsLINK Group, LLC. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by The newsLINK Group, LLC. 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; pro - viding 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. 2018 NMBA Board of Directors President John Gulas Los Alamos National Bank PO Box 60 Los Alamos, NM 87544-0050 President-Elect Jason Wyatt Western Commerce Bank 212 North Canal Street Carlsbad, NM 88220 Secretary/Treasurer Ron Wiser Bank of the Southwest PO Box 1638 Roswell, NM 87202-1108 Immediate Past President Michael Lowrimore Bank of the West 303 Roma Avenue, NW Albuquerque, NM 87102 Executive Vice President John W. Anderson New Mexico Bankers Association 316 Osuna NE, Suite 502 Albuquerque, NM 87107 Term Expiring 2019 Sheila Matthews Four Corners Community Bank 500 W. Main Suite 101 Farmington, NM 87401 Steve Muell First National Bank 414 10th St. Alamogordo, NM 88310 Ronald L. Schmeits International Bank PO Drawer 1028 Raton, NM 87740-1028 Term Expiring 2020 Stephen Puntch Pioneer Bank PO Box 130 Roswell, NM 88202 Danny Beyhan The Citizens Bank, Farmington PO Box 4140 Farmington, NM 87499 Lonnie Talbert Southwest Capital Bank 1410 Central Ave, SW Albuquerque, NM 87104 Term Expiring 2021 Scott Czarniak First National 1870 7620 Jefferson St., NE Albuquerque, NM 87109 David Hockmuth Wells Fargo Bank, NA 200 Lomas, NW Albuquerque, NM 87102 Mark Horn Pinnacle Bank 107 W. Aztec Ave. Gallup, NM 87301 ISSUE22018 PAGE 5 President’sMessage – JohnS.Gulas ChristopherMoya Interview PAGE 17 America’s RetirementCrisis: TheNever-Ending Quest toSave PAGE 14 PhotoCredit: JimRenfrow PAGE 23 TRID and “Gifts of Equity”—StillNo Answers 5 PRESIDENT'S MESSAGE By John S. Gulas, New Mexico Bankers Association President, Los Alamos National Bank 8 EXECUTIVE VICE PRESIDENT’S MESSAGE By John W. Anderson, Executive Vice President, New Mexico Bankers Association 10 WASHINGTON UPDATE - S. 2155: NOW FOR THE JUST-AS-HARD PART By Rob Nichols, President and CEO, American Bankers Association 12 NEW MEXICO BANKERS ASSOCIATION OFFICERS AND BOARD MEMBERS 13 THANK YOU TO OUR 2018 CONVENTION SPONSORS AND VENDORS! 14 CHRISTOPHER MOYA INTERVIEW Acting Director, New Mexico Financial Institutions Division 17 AMERICA’S RETIREMENT CRISIS: THE NEVER-ENDING QUEST TO SAVE By Mark Anderson, Legislative Assistant, New Mexico Bankers Association 18 CELEBRITY ESTATE PLANNING: SNAFUS By John Attwood and Mary Ann Cuneo, JD, Zia Trust, Inc. 20 GOOD NEWS FOR BANKS: CONGRESS MAKES WAY FOR RECIPROCAL DEPOSITS By Glenn Martin, Regional Director, Promontory Interfinancial Network, LLC, Arlington, VA 23 TRID AND “GIFTS OF EQUITY” — STILL NO ANSWERS By James Maguire, Associate General Counsel, Compliance Alliance 25 BANKERS ON THE MOVE 25 BANK NEWS