January 10, 2022

Century Bank Has Named Max Myers New President and CEO Century Bank has recently named Max Myers as its new President and CEO. Max was born and raised in Santa Fe and began his career in banking as a bank examiner. With more than 42 years in banking, his previous employment has included Sunwest Bank […]

In Memoriam: Claude Leyendecker Former NMBA President Claude E. Leyendecker (1972-73) passed away Aug. 6, 2021. He was born Oct. 15, 1922, and grew up in Albuquerque, the son of railroad pioneers. He interrupted his college education for five years to volunteer for service in World War II, and then in 1949, he graduated from

Many bankers are looking for ways to put their liquidity to good use. Buoyed by government relief, deposits surged at many financial institutions (FIs) at the start of the pandemic. Despite predictions that liquidity would tighten in pace with an economic recovery, FIs still have more cash than opportunities to profitably deploy it.

The Small Business Boost (SBB) program from the Federal Home Loan Bank of Dallas (FHLB Dallas) offers member banks a lending tool to assist small businesses.

For 23 years, I worked for a large national bank and had no plan to leave. I had a wonderful career, worked for the best leader, and had an overall happy work-life balance. When the pandemic hit, I was like the rest of the country — navigating working from home — and could not predict that my life was about — to take a new turn.

If you pay attention to economic news in the United States with any regularity, you will notice a pattern emerge rapidly. Anytime a source of economic consternation (inflation, unemployment, supply chain issues) arises, there is a seemingly deliberate attempt to mystify the problem, to make it even more complex than it already is. For a

With technology changing and growing at what seems like the speed of light, banking laws and regulations can struggle to keep up. All too often, we skim across various regulations that revolve around paper transactions or technology that barely exists. One area of banking that can be especially impacted by the inability to keep up with the ever-changing world of technology or modernization is the Bank Secrecy Act (BSA). The BSA has been around since 1970 when Congress passed it as the first set of laws to combat money laundering in the United States. Except for the amendment to incorporate the provisions of the USA PATRIOT Act, there haven’t been many significant changes to the BSA until recent years. The BSA must be revised and revamped to meet the challenges and technological advances of the times to fulfill its purpose of fighting money laundering and financial crimes as effectively today as it did 50 years ago.

It’s the message a CEO never wants to receive: “We’ve got your data and you need to pay up if you want it back.”

The 2022 Legislature will get underway on Tuesday,
Jan. 17, for 30 days. Although this session will primarily be devoted to budget and revenue matters, we anticipate there will likely be legislation introduced that will be of concern to our industry and other bills that we can support.

Hello fellow bankers, well wishes for a joyous and prosperous New Year. As we close out 2021 and embark upon 2022, it is always important to look back and take inventory of all the things we have to be grateful for and look ahead with optimism to the new year.