Pub. 2 2014 Issue 3

www.uba.org 20 Bank Kudos ALLY BANK ALLY BANK CELEBRATES FIVE YEARS OF GROWTH; DEEPENS COMMIT- MENT TO UTAH COMMUNITIES Ally Bank is headquartered in Midvale, Utah. Its Utah-based employees support the company’s Finance, Risk, Auto, Com- pliance and Community Reinvestment Act activities. The Bank marked its fifth anniversary recently, achieving a 30% average annual growth rate in both retail deposits and new customers since its 2009 launch. As of June 30, the Bank had 854,000 customers and retail deposits of $45.9 billion. Recognized by MONEY® Magazine as “Best Online Bank” for three years straight, Ally doesn’t have branches, allowing it to offer great rates and leading deposit products, service and technology. Consumers enjoy flexible, FDIC-insured deposit products, no monthly maintenance fees or minimum deposit requirements, daily compounded interest, and 24/7 customer service through its award-winning call center. Ally has also grown its commitment to the greater Salt Lake community through a broad spectrum of community de- velopment activities involving volunteerism and financial support to many organizations that assist disadvantaged communities. Recently, board members and management packed weekend lunch bags for summer school students of Guadalupe school who live below the poverty line. The Bank also presented a donation to Guadalupe for its capital cam- paign and will be participating in a loan for their new school building. n BANK OF AMERICAN FORK BANK OF AMERICAN FORK FINAN- CIAL INSTITUTION IN UTAH TO BE RECONIZED FOR PROTECTING SE- NIORS, SUPPORTING CAREGIVERS The Utah Division of Aging and Adult Services has pre- sented Bank of American Fork with the first-ever Award for Age-friendly Banking, in recognition of the bank’s indus- try-leading work in creating a culture, products and services that protect seniors. “The division is so pleased at the foresight Bank of American Fork has shown in serving seniors,” said Nels Holmgren, director of the Utah Division of Aging and Adult Services. “The products the bank offers provide such peace of mind for both seniors, as well as the family members who care for them. Our office can do a lot to protect seniors, but there are limits to things that government can and should do. In Bank of American Fork, we have a community partner with which we can work to ensure the seniors of our state receive the care they deserve.” “I’ve seen more than one heartbreaking example of seniors who’ve suffered financial devastation at the hands of both strangers and those closest to them,” said Richard Beard, president and CEO, Bank of American Fork. “We will con- tinue to work closely with the state to provide products and expertise that safeguard seniors and offer caregivers tools to help protect their loved ones.” UTAH’S COMMUNITY BANK LEADER SEES SMALL BUSINESS LENDING AS KEY TO ECONOMIC GROWTH Bank of American Fork has been selected by the U.S. Small Business Administration as the most active medium-sized lender (between $200 million and $1 billion in assets) in the Utah District Office 504 Third Party lending category for Fiscal Year 2013. In Fiscal Year 2013 (October 1, 2012 – Sep- tember 30, 2013) Bank of American Fork made SBA 504 loans totaling $7,834,840. The recognition was presented by Stanley Nakano, district director, U.S. Small Business Association, Utah District Office. “One of the most vital functions community banks serve is helping small businesses grow and thrive,” said Richard Gray, senior vice president of SBA lending at Bank of American Fork, who accepted the award on behalf of the bank. “As an organization deeply invested in the neighborhoods where we live, work and raise our families, Bank of American Fork is proud to partner with local companies to strengthen the financial vibrancy of our communities and the state.” BANK OF AMERICAN FORK ADDS ONLINE APPLICATIONS Bank of American Fork recently added online features that allow customers to apply online for a credit reserve account or a credit card* and submit their personalized images for credit and check cards.