Pub. 2 2014 Issue 3

summer 2014 3 5 14 CHAIRMAN Kelvin L.Anderson President & CEO, Optum Bank Salt Lake City, UT VICE CHAIRMAN JillTaylor District President, KeyBank Salt Lake City, UT 2NDVICE CHAIRMAN Craig A.White President & CEO, Utah Independent Bank Beaver, UT IMMEDIATE PAST CHAIRMAN Anthony J. Hall President & CEO, Lewiston State Bank Lewiston, UT PRESIDENT Howard M. Headlee President, Utah Bankers Association Salt Lake City, UT COMMUNITY BANKADVISORY CHAIRMAN Douglas DeFries President & CEO, Bank of Utah Ogden, UT INDUSTRIAL BANKADVISORY CHAIRMAN Ron Ostler President, Comenity Capital Bank Salt Lake City, UT REGIONAL BANKADVISORY CHAIRMAN Craig Zollinger Utah President & CEO, JPMorgan Chase Salt Lake City, UT Paul Andersen President & CEO, GunnisonValley Bank Gunnison, UT A. Scott Anderson President & CEO, Zions Bank Salt Lake City, UT Brad R. Baldwin President & CEO, First Utah Bank Salt Lake City, UT Lee A. Carter President & Chief Operating Officer, UBS Bank USA Salt Lake City, UT Randall Chesler President, CIT Bank Salt Lake City, UT Robert Garinger President & CEO,American Express Centurion Bank NewYork City, NY Lewis Goodwin President & CEO, Green Dot Bank Provo, UT Richard Lake President, Merrick Bank South Jordan, UT Damon G. Miller Utah Market President, U.S. Bank Salt Lake City, UT Ron Ostler President, Comenity Capital Bank Salt Lake City, UT MarkW. Packard Senior ExecutiveVice President, Central Bank Springville, UT Katie Spratling ExecutiveVice President, Holladay Bank &Trust Salt Lake City, UT Joe Stroud General Counsel, GE Capital Bank Salt Lake City, UT Greg A.Winegardner Utah Regional President,Wells Fargo Salt Lake City, UT UBA Board of Directors 2014/2015 BOARD MEMBERS 4 Utah, A Great Place to Charter a Bank Utah is the 5th largest banking state in America. By Howard Headlee, President 5 Washington Update: A Rifle-Shot Approach to Reg Relief One of the things I often hear when I have the opportunity to speak with you and your colleagues at your state bankers association’s annual convention is how new regulatory requirements are making it harder to lend and serve your commnities. By Frank Keating, President and CEO, American Bankers Association 6 Louise P. Kelly, 2014 Distinguised Banker, Receives Award at Utah Bankers Association Annual Con- vention The Utah Bankers Association has be- stowed its highest honor, “The Distin- guished Banker Award,” on Louise P. Kelly, President & CEO of EnerBank USA, in rec- ognition of her active leadership in Utah’s and the nation’s banking industry and her exceptional community service. 7 Utah Bankers Elect New Officers and Directors The Utah Bankers Association has elected new officers and board members for 2014 – 2015. 8 Compliance Corner: RESPA/ TILA Reform - Through Mortgage Disclosure Integration Remember back in 2012 when the CFPB proposed the “Integrated Mortgage Disclosures”? This rule requiring the Know-before–you-Owe disclosures was touted by many as the perfect marriage of TILA and RESPA. By Darlia Fogarty, Director of Compliance and Dimitris Rous- seas Association General Counsel 12 Who Will Start the Revolution? What does our industry need? In my opinion and based on the last few decades of working with financial institutions is… honestly…a revolution. By Brett Jackson, CEO, Systemax Corporation 14 If It Had Been Documented Otherwise: Commercial Reasonable- ness Documentation in Advance to Reduce Litigation Expense In a 1931 collection of essays published in the United Kingdom under the title “If It Had Happened Otherwise”, a group of respected historians considered alternate versions of historical events. By Steve Waterman, Partner of the law firm of Dorsey & Whit- ney LLP 16 Utah & Montana Bankers Association’s 2014 Convention Bankers from across Utah and Montana joined together for the Utah & Montana Bankers Association’s 2014 Convention. This year’s convention was held June 29-July 2 in Sun Val- ley Idaho. The banking landscape is changing, and those who attended the convention took a look at strategies for surviving and thriving in the months and years to come. 18 40 Year Service Awards Ten bankers were honored with 40 Year Ser- vice awards at the Montana & Utah Bankers Associations’ 2014 Convention held in Sun Valley in June. 19 Line Up of Upcoming UBA Educational Events 20 Bank Kudos 23 Bankers on the Move 27 UBA Committees 27 In Memoriam 28 UBA Associate Members