Pub. 12 2015 Issue 1

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 4 2014-2015 NMBA Board of Directors President Kenneth Clayton Western Bank, PO Box Drawer 500 Artesia, NM 88211 President-Elect Paul DiPaola US Bank, 7900 Jefferson NE Albuquerque, NM 87109 Secretary—Treasurer Ron Wiser Bank of the Southwest PO Box 1638, Roswell, NM 88202 Immediate Past President Alan Austin New Mexico Bank and Trust PO Box 6640, Santa Fe, NM 87502 Executive Vice President John W. Anderson 316 Osuna Rd., NE, Ste 502 Albuquerque, NM 87107 Term Expiring 2015 Randy Harris The Bank of Clovis 300 Main Street, Clovis, NM 88101 Jay Jenkins Carlsbad National Bank PO Box 1359, Carlsbad, NM 88220 Ronald Schmeits International Bank PO Drawer 1028, Raton, NM 87740 Term Expiring 2016 John Dowling Pinnacle Bank PO Box 1729, Gallup, NM 87305 Mike Lowrimore Bank of the West 500 Marquette NW, 14th Floor Albuquerque, NM 87102 Sheila Mathews Four Corners Community Bank 500 W. Main Suite 101 Farmington, NM 87401 Term Expiring 2017 Jon Hitchcock Pioneer Bank PO Box 130, Roswell, NM 88202 David Hockmuth Wells Fargo Bank, 200 Lomas NW Albuquerque, NM 87102 John Gulas Los Alamos National Bank PO Box 60,Los Alamos, NM 87544 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 resources, 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. SPRING2015 PAGE 6 PAGE 10 PAGE 14 President’sMessage–KenClayton ‘SecurityOfficer’sBy-Word: Impostor Fraud 2 2015 LegislativeRecap / CongressionalUpdate Why We Don’t Do It PhotobyAnnie Jung 6 PRESIDENT'S MESSAGE By Ken Clayton, President , Western Bank, Artesia 10 2015 LEGISLATIVE RECAP / CONGRESSIONAL UPDATE By John W. Anderson, Executive Vice President, NMBA 13 WHY WE DON’T DO IT 14 SECURITY OFFICER’S BY-WORD: IMPOSTOR FRAUD By Charles M. Towle, KBS President 15 SE CURITY OFFICER’S BY-WORD: MOBILE BANKING DEPOSIT RESTRICTIVE ENDORSEMENT By Charles M. Towle, KBS President 16 ABA INSURANCE PROGRAM TO DISTRIBUTE $1.1 MILLION TO MEMBER BANKS OF THE AMERICAN BANKERS ASSOCIATION 17 FOUR CORNERS COMMUNITY BANK OFFERS SEVEN TIPS TO FRUSTRATE FRAUDSTERS DURING TAX SEASON 18 COUNSELOR’S CORNER: USING TITLE INSURANCE ENDORSEMENTS TO MITIGATE REAL ESTATE LENDING RISKS By Debbie Ramirez, Modrall Sperling Law Firm 20 BANKERS ON THE MOVE 21 BANK NEWS