Pub. 9 2021 Issue 1

©2021 Utah Bankers Association | The newsLINK Group, LLC. All rights reserved. Utah Banker is published four times each year by The newsLINK Group, LLC for Utah Bankers Association and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and banker 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 Utah Bankers Association, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Utah Banker is a collective work, and as such, some articles are submitted by authors who are independent of Utah Bankers Association. While Utah Bankers Association encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint 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. UBA Board of Directors 2020/2021 CONTENTS 1 CHAIR Kristin B. Dittmer EVO and CFO EnerBank USA Salt Lake City VICE CHAIRMAN Eric Schmutz President and CEO State Bank of Southern Utah Cedar City SECOND VICE CHAIRMAN Matthew D. Bloye Region Bank President Wells Fargo Salt Lake City IMMEDIATE PAST CHAIRMAN Kay B. Hall EVP and CFO Zions Bank Salt Lake City COMMUNITY BANK ADVISORY COUNCIL CHAIR Len E. Williams President and CEO Altabank American Fork INDUSTRIAL BANK ADVISORY COUNCIL CHAIR Andrea J. Moss President & CEO Nelnet Bank South Jordan REGIONAL BANK ADVISORY COUNCIL CHAIR Mark A. Herman Market President U.S. Bank Salt Lake City PRESIDENT Howard M. Headlee President Utah Bankers Association Salt Lake City Brad R. Baldwin President & CEO First Utah Bank Salt Lake City Jan M. Bergeson Utah Market Leader Ally Bank Sandy Robert M. Bowen President and CEO Brighton Bank Salt Lake City N. George Daines Chairman and CEO Cache Valley Bank Logan Kisty Morris Executive Director Morgan Stanley Bank Salt Lake City Wade L. Newman President and COO Celtic Bank Salt Lake City Mark Packard President Central Bank Provo Mori Paulsen Salt Lake Market President Bank of America Salt Lake City Brittany A. Westover Market Executive, Executive Director JPMorgan Chase Salt Lake City Drew Yergensen KeyBank Utah Market President Salt Lake City, UT 2 The Bottom Line By Howard Headlee, President and CEO, Utah Bankers Association 5 Washington Update: A Robust Recovery Requires Consis- tent ‘Rules of The Road’ By Rob Nichols, President and CEO, American Bankers Association 6 Compliance Corner: The National Defense Authorization Act: BSA/AML Initiatives By Elizabeth K. Madlem, Vice President of Compliance Operations and Deputy General Counsel, Compliance Alliance 9 2021 Community Reinvestment Conference 10 Promontory Interfinancial Network Has Changed Its Name to IntraFi Network By Rob Blackwell, Chief Content Officer and Head of External Affairs, IntraFi Network (formerly Promontory Interfinancial Network) 11 What International Business Customers Want From Their Community Bank By Jay Kenny, SVP and Southwest Regional Manager, PCBB 12 Credit Analyst Development Program 16 Bankers on the Move 17 Upcoming Events 18 UBA Associate Members 20 Bank Kudos Howard M. Headlee President howard@utah.bank Becky Wilkes Senior Vice President bwilkes@utah.bank Beth Parker Director of Education beth@utah.bank Sara Matute Director of Member Services sara@utah.bank Annelise Dudley Communications Specialist anna@utah.bank Board Members UBA Staff