Pub. 13 2016 Issue 2

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 6 PRESIDENT’S MESSAGE JAY JENKINS NMBA PRESIDENT Carlsbad National Bank Regarding New Mexico, it is up to us in the business community and as residents from across the state to take New Mexico where we want it to go. New NMBA President Jay Jenkins Answers Questions HOW DID YOU GET STARTED IN BANKING? There was an opening at the Carlsbad Na- tional Bank in 1998 with the expansion of their new Walmart Branch. Banking was closely tied to my real estate background, so it was an opportunity I pursued and it came together. It gave me a chance to come back home, so I am very thankful that it all worked out. WHAT HAS BEEN THE BEST PART OF BEING IN THE BANKING BUSINESS? Helping people has been the main thing. Some of the additional benefits have been making new friends and establishing relation- ships with colleagues throughout New Mexico and the entire country! WHAT CHANGES DO YOU FORE- SEE IN THE INDUSTRY AND IN NEW MEXICO IN THE NEXT SEV- ERAL YEARS? Increased regulations will continue to shape our industry and direct what we do on a day to day basis. The Dodd-Frank Act, after 6 years, is still not fully implemented. The unintended consequences of this mammoth attempt to reform the financial services in- dustry will take several more years to fully comprehend. This will not be without stake- holders efforts trying to change some of those unintended consequences. Additionally, technology will continue to play a driving force in changing the way we carry out our business. As a whole, these items will contin- ue to increase consolidation within the bank- ing industry. Regarding New Mexico, it is up to us in the business community and as residents from across the state to take New Mexico where we want it to go. In particular, we should identify controversial anti-economic state issues and reduce regulatory burdens on our extractive industries as the state is so rich with natural resources. We are also great at attracting federal programs. We should work to attract more federal dollars, not less. We D ur ing the business session of the 105th NMBA Annua l Convent ion, Jay Jenk ins, Ca r l sbad Na t i ona l Ba n k , wa s e l e c t e d NMBA P r e s i den t . Ja y ’s r e s p on s e s t o ou r i nt e r v i ew que s t i on s pr ov ide i n s i ght i nto h i s background and thoughts about the banking industry.