OFFICIAL PUBLICATION OF THE NEW MEXICO BANKERS ASSOCIATION

Pub. 20 2023 Issue 3

NMBA 111th Annual Convention Recap!

Thank You to Our Convention Sponsors! Diamond Sponsorship: $5,000Emerald Sponsorship: $3,000Platinum Sponsorship: $2,500Gold Sponsorship: $2,000Silver Sponsorship: $1,000 Wells Fargo BankDiamond Sponsor Federal Home Loan BankDiamond Sponsor Capital CDCEmerald Sponsor NFPPlatinum Sponsor BHGPlatinum Sponsor Banc Consulting PartnersGold Sponsor WestPayGold Sponsor ePay ResourcesSilver Sponsor Performance TrustSilver Sponsor ADTSilver Sponsor Texas Tech School of BankingSilver Sponsor Western BankSilver

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Staying Vigilant: How To Protect Your Customers and Your Institution From Fraud in Uncertain Times

Fraudsters are known to prey on victims when they are facing uncertainty, distress and anxiety. The current times are no different, as several recent bank failures and financial instability have left consumers feeling vulnerable about their personal and business finances. This heightened concern has created an environment where they may be more susceptible to being

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New Mexico Mortgage Finance Authority’s Restoring Our Communities Program: Helping To Restore Vacant Houses and Provide Affordable Housing Opportunities

We’ve all seen vacant and abandoned houses in our neighborhoods, downtown areas and throughout our communities. We also know that many New Mexicans are in need of affordable, quality homes. The New Mexico Mortgage Finance Authority (MFA) is working to simultaneously address these issues through its new Restoring Our Communities (ROC) Program. MFA launched the

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Is It Time To Hedge Interest Rate Risk With a Forward Rate Lock?

In the current interest rate environment, hedging is proving to be a particularly useful tool to secure the interests of both banks and borrowers: the forward rate lock (FRL) hedge. PCBB’s SVP of Hedging Solutions, Femi Audifferen, explains why now might be a good time for community banks to get started with this lending solution

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Labor Strikes and What They Represent In the Economy

There are two high-profile economic stories currently in the news that, on first observation, would seem to indicate completely contradictory realities. The first story is the continual championing of “Bidenomics” by President Joe Biden’s economic team, a catch-all term that is supposed to encapsulate the current success and vigor of the American economy. The second

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Washington Update: Advocating for ACRE: How Congress Can Help Rural America

Farmers and ranchers today face numerous challenges: from the skyrocketing costs of materials to supply chain disruptions to difficulties purchasing rural land — all while interest rates are rising. As a result, many are relying more on credit than ever before. For those who are young, beginning or socially disadvantaged farmers, these obstacles can seem

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Executive Vice President’s Message: Welcome To Yellowstone! An Annual Convention Update

The NMBA held its 111th Annual Convention at the beautiful Hyatt Regency Tamaya Resort on September 14-16. The event was a huge success! To get things rolling, we had a cocktail reception and vendor event at the Starlight Bowling Alley at the Santa Ana Resort and Casino. Ken Clayton, Western Bank Artesia, organized the event

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Welcome 2023-2024 NMBA President Mark Horn: A Man of Dedication and Commitment

How did you get started in banking? Like many of my peers, my journey into banking began unintentionally. I was raised in a tight-knit town of roughly 1,500 residents, where I developed a passion for the unique charm and intimacy only found in small-town life. As many young folks do, I left for college, initially

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