Pub. 17 2020 Issue 2

Issue 2 • 2020 23 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 BANK NEWS U.S. Bank’s Dominguez Named to “ 40 Under Forty ” List Erin Dominguez, vice president/district manager of Northern and Central New Mexico of Minneapolis, Min- nesota-based U.S. Bank, has been named one of New Mex- ico’s “40 Under Forty” recipients. Albuquerque Business First’s “40 Under Forty” Awards honor young profession- als who are making an impact in New Mexico. “As a district manager for U.S. Bank, chair of Junior Achievement and a board member of National Hispanic Culture Center, I am fortunate to work with our commu- nity in a variety of ways,” Dominguez told Albuquerque Business First, “[including] teaching financial literacy, influencing our employees and board members to become leaders and strong partners in our community [and] shar- ing the beauty and culture of New Mexico.” Business First will celebrate “40 Under Forty” honorees Sept. 30 in Albuquerque. New Mexico Bank and Trust Recognized as One of America’s Best-In-State Banks New Mexico Bank & Trust announced that it was rec- ognized as one of America’ Best-in-State Banks 2020 by Forbes Media for the second year in a row and was ranked among the top U.S. commercial credit card issuers for purchase volume growth for the fifth year in a row. Forbes and market research firm Statista identified New Mexico Bank & Trust as an America’s Best-in-State Bank 2020 based on an independent survey of over 25,000 consumers who ranked banks with whom they have or previously had a checking account. New Mexico Bank & Trust scored among the highest in overall customer satis- faction and recommendation, including trustworthiness, branch and digital services and financial advice. “It’s an honor to receive this recognition for the second year and a true testament to our community and custom- er-focused values, as well as the strength and commit- ment of our entire organization,” NMB&T President/CEO Greg Leyendecker, said. “We understand the importance for our clients to manage cash flow, maintain relation- ships with vendors, and negotiate favorable terms. We are pleased to be recognized as a leader in the commercial credit card space as we provide solutions that meet the needs of our clients and the marketplace.” Bankers Health Care Group-New NMBA Associate Member The New Mexico Bankers Association is pleased to an- nounce our newest associate member, Bankers Healthcare Group (BHG). BHG has been lending for nearly 20 years and is the #1 source for medical and professional loans across the coun- try. Having underwritten over $25 billion in loans, they have gained unmatched insight into these borrowers. Today, more than 1,100 banks have partnered with BHG to buy these high-quality loans through their online loan hub, earning them a combined interest income of over $600 million. BHG has shown” • $0 historical bank loss on BHG Core loan portfolio; and • Stellar Borrower Characteristics (for June 2020):  Weighted average FICO: 741  Weighted Average Income: $352K  Weighted average term: 97 months  Weighted average loan amount: $89,000  3-6.5% return for your bank You can learn more about BHG and how it can benefit your bank: https://lp.bhgandbanks.com/bhg-loan-hub/?bhgid=8240 NMBA Endorses Abrigo’s PPP Loan Forgive- ness Solution The New Mexico Bankers Association has endorsed Abrigo’s Protection Program Forgiveness and Administra- tion solution, part of the Sageworks SBA Lending solution, to assist member banks in streamlining the loan forgive- ness and administration process. In addition to increased efficiency and speed on the front end, Abrigo’s solution also gives banks the ability to calculate the forgiveness amount based on the provid- ed PPP guidelines to ensure compliance and accuracy. Lenders can also generate Form 1502 within the platform to request their loan processing fees from the SBA and for ongoing monthly servicing. Over 175 community financial institutions used Abri- go’s automated PPP loan origination solution, with E-Tran integration, to quickly and efficiently process over 110,000 PPP loans, totaling more than $11.1 billion in loan volume, since the program was first launched on April 3rd. MBA member banks will receive preferred pricing for Abrigo’s PPP forgiveness and Administration solution through the association. n