Pub. 11 2014 Issue 4

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S Winter • 2014 3 2013-2014 NMBA Board of Directors President Alan Austin New Mexico Bank and Trust P.O. Box 2247, Santa Fe, NM 87504 President-Elect Kenneth Clayton Western Bank, P.O. Drawer 500, Artesia, NM 22811 Secretary-Treasurer Ron Wiser Bank of the Southwest 220 N. Main St., Roswell, NM 88202-1638 Immediate Past President Jeff Howle The Citizens Bank in Farmington 500 W. Broadway, Farmington, NM 87499-4140 Executive Vice President John W. Anderson 316 Osuna Rd. NE, Ste 502 Albuquerque, NM 87107 Term Expiring 2014 Steve Wells Los Alamos National Bank P.O. Box 60, Los Alamos, NM 87544 Paul DiPaola U.S. Bank 7900 Jefferson NE, Albuquerque, NM 87109 Jon Hitchcock Pioneer Bank, 3000 N. Main, Roswell, NM 88201-4664 Term Expiring 2015 Jay Jenkins The Carlsbad National Bank P.O. Box 1359, Carlsbad, NM 88220-1359 Randy Harris The Bank of Clovis P.O. Box 1629, Clovis, NM 88102-1629 Ronald Schmeits International Bank P.O. Box 1028, Raton, NM 87740 Term Expiring 2016 Mike Lowrimore Bank of the West, 500 Marquette Ave NW Ste 1400, Albuquerque, NM 87107 Joseph Coey Union Savings Bank, 1500 Mercantile Ave NE, Albuquerque, NM 87107 Sheila Mathews Four Corners Community Bank, 500 W Main Ste 101, Farmington, NM 87401 The NewMexico Bankers Association is proud to present THE NEW MEXICO BANKERS DIGEST as a benefit of membership in the Association. No member dues were used in the publishing of this news magazine. All publishing costs were borne by advertising sales. Purchase of any products or services from paid advertisements within this magazine are the sole responsibility of the consumer. The statements and opinions expressed herein are those of the individual authors and do not necessarily represent the views of NEWMEXICO BANKERS ASSOCIATION, or its publisher The newsLINK Group, LLC. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by The newsLINK Group, LLC. Our Mission The mission of the New Mexico Bankers Association (NMBA) is to serve member bank needs by acting as New Mexico banking’s representative to government, the public, and the industry; pro - viding images, education and information to enhance the opportunities for success in banking; promoting unity within the industry on common issues; and seeking to improve the regulatory climate to the end that banks can profitably compete in the providing of financial and related products and services. 4 PRESIDENT'S MESSAGE By Alan Austin, President , New Mexico Bank and Trust, Santa Fe 7 WASHINGTON UPDATE: TARGETED RELIEF FOR COMMUNITY BANKS By Gov. Frank Keating, President and CEO, American Bankers Association 8 NEW MEXICO BANKERS ASSOCIATION FORGES NEW STRATEGIC PARTNERSHIP WITH OFFICE DEPOT 10 BANK ASSETPOINT’S NATIONAL LAUNCH By Glenn Martin, Promontory Interfinancial Network, LLC, NMBA Associate Member 14 SECURITY OFFICER’S BY-WORD: BANK AS PAYEE EXPOSES BANK T O LOSS By Charles M. Towle , Senior Vice President, Kansas Bankers Surety Co., NMBA Associate Member 16 BANKERS ON THE MOVE 17 BANK NEWS 18 PEAK HOSPITALITY, LLC By Walter Barela, Peak Hospitality, LLC, NMBA Associate Member 18 PACIFIC COAST BANKING SCHOOL ANNOUNCES 2013 NEW MEXICO GRADUATE WINTER2014 Targeted Relief for Community Banks President'sMessage:Road TripHelps Gain Insight of Legislative Issues PAGE 4 PAGE WashingtonUpdate: TargetedRelief for Community Banks 7 PAGE BankAssetpoint’sNational Launch 10