Pub. 17 2020 Issue 3

2 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; 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. 2020 NMBA Board of Directors President Jason Wyatt Western Commerce Bank 212 North Canal Street Carlsbad, NM 88220 President Elect Lonnie Talbert Southwest Capital Bank 1410 Central Ave., SW Albuquerque, NM 87104 Secretary/Treasurer Ron Wiser Bank of the Southwest 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 NW, Suite 502 Albuquerque, NM 87107 Terms Expiring 2020 Danny Beyhan The Citizens Bank, Farmington P.O. Box 4140 Farmington, NM 87499 Aaron Emmert Pioneer Bank, Roswell 3000 N. Main Street Roswell, NM 88201 Terms Expiring 2021 Scott Czarniak First National 1870 7300 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 Terms Expiring 2022 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 P.O. Box 1359 Carlsbad, NM 88220 ISSUE 32020 PAGE 4 President ’ sMessage — JasonWyatt ExecutiveVice President ’ sMessage — JohnW.Anderson PAGE 16 8Ways To EnhanceSecurity for YourRemote Workforce —StevenWard PAGE 6 PAGE 20 TheRace IsOn— KeepingUpWith theBSA — ComplianceAlliance Photoby: JimRenfrow ©2020 The New Mexico Bankers Association (NMBA) | The newsLINK Group, LLC. All rights reserved. The New Mexico Bankers Association Quarterly 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 withinthispublicationdoesnotconstituteanendorsementorrecommendationofanyproductorserviceadvertised.TheNewMexicoBankers Association Quarterly is a collective work, and as such, some articles are submitted by authors who are independent of NMBA. While the New Mexico Bankers Association Quarterly encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known re-print 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. 4 PRESIDENT ’ S MESSAGE — A TRIBUTE TO DON KIDD By Jason Wyatt, President, New Mexico Bankers Association 6 EXECUTIVE VICE PRESIDENT ’ S MESSAGE: 2021 LEGISLATURE By John W. Anderson, Executive Vice President, New Mexico Bankers Association 8 WASHINGTON UPDATE: PERSONAL FINANCE FOR THE PANDEMIC ERA By Rob Nichols, President and CEO, American Bankers Association 10 AMERICA ’ S PANDEMIC ECONOMY By Mark Anderson, Legal and Legislative Assistant, New Mexico Bankers Association 12 EMBRACING A GROWTH MINDSET — AND NEW PARTNERSHIPS — DURING A VOLATILE MARKET By Danielle Walker, Chief Strategic Officer, Bankers Healthcare Group 14 DIGGING DEEPER WITH YOUR BORROWERS By Jay Kenney, Southwest Regional Manager, PCBB 16 8 WAYS TO ENHANCE SECURITY FOR YOUR REMOTE WORKFORCE By Steven Ward , CIO Manager, CSI 18 THE 411 ON FASTER PAYMENTS By William J. Schoch, President and CEO, WesPa y 20 THE RACE IS ON — KEEPING UP WITH THE BSA By Compliance Allianc e 22 CAN A LENDER “ GET LEAN ” IN PORTFOLIO RISK MANAGEMENT? By Brian J. Ruhe, Golden Eagle Insurance 23 BANK NEWS 24 BANKERS ON THE MOVE