Pub. 13 2016 Issue 3

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 20 BANKERS ON THE MOVE Asbury Named President of Union Bankshare Corporation John Asbury, former President and CEO of First Na- tional Bank of Santa Fe and NMBA Board Member, has been named President of Union Bankshare Corporation in Richmond, Virginia. Asbury will assume the CEO po- sition in 2017. Over the last 25 years, Union Bankshare has undergone a historic transformation from a small rural community bank to the largest Virginia-based community banking institution serving multiple mar- kets with diversified products. The company has grown assets to more than $8.1 billion from $180 million, and delivered to shareholders a cumulative return of more than 850% since the company went public in 1993. John Asbury is a career banker with more than 29 years of experience. Prior to his time with First Nation- al Bank of Santa Fe, Asbury served in senior position with Regions Financial Corporation, Bank of America and Wachovia Bank and Trust. n Sanders Assumes President/CEO Position, First National Bank of Santa Fe William P. “Pablo” Sanders took the positon of Pres- ident/CEO of First National Bank of Santa Fe, NM on August 18, according to Jeanne Lipson, vice president and director of marketing. Sanders, who will oversee the First National Santa Fe, First National Rio Grande, and First National Denver markets, has been chairman of the board for the bank since 2013. In 2008, Sanders also co-founded the predecessor to El Paso, TX-based Strategic Growth Bancorp (SGB) which acquired First National in 2013 via its then-par- ent company, and has been in the managing director and COO role since then. In July, SGB announced it plans to combine with Kan- sas based Sunflower Financial Inc. to create what the two organizations call “a super-community bank”. n Western Bank in Alamogordo Reports Sedillo and Padilla Promotions, Return of Munoz as AVP, Loan Administration Western Bank. Alamogordo, announced that Yolanda Sedillo has been named vice president in operations. Sedillo has served with Western Bank for 15 years and began her banking career in 2001. She began as a teller and worked her way through operations as a proof oper- ator, switchboard operator, accounting assistant, teller supervisor, teller/customer service supervisor, assis- tant vice president in deposit operations, branch man- ager, and BSA Officer. She is BSA Certified through ICBA, serves as a member of the bank’s compliance and information technology committees, and is the bank’s internet banking officer. Angela Padilla has been named assistant vice presi- dent in deposit and teller operations. Padilla, a lifelong resident of Alamogordo, joined Western Bank in 2009 after serving as a supervisor in the retail industry. She began her banking career as a teller at the Cloudcroft branch and was later promoted to branch supervisor in 2012. She has served as a customer service represen- tative and most recently as the teller/deposit services manager. In addition, she brings seven years of opera- tions experience to the bank’s compliance committee as a deposit compliance coordinator. Western Bank also announced the return of Amanda Munoz to serve as assistant vice president in loan op- erations. Munoz, a long-time resident of Alamogordo, recently returned to the bank to head up the loan ad- ministration department. She returns to banking after a five-year venture in another professional field. She previously served in the bank’s consumer lending de- partment. She currently oversees the consumer loan area and is a member of the bank’s compliance commit- tee as a loan compliance coordinator. n Dion Kidd - Johnson Appointed to CFPB Community Bank Council The Consumer Financial Protection Bureau recent- ly announced the appointment of Dion Kidd-Johnson, President and Chief Operating Officer, Western Bank, Alamogordo, to the Community Bank Advisory Council. Pursuant to the executive and administrative powers conferred on the CFPB by Section 1012 of the Dodd- Frank Act, the Director established the Community Bank Advisory Council to consult with the Bureau in the exercise of its functions under the federal consumer financial laws as they pertain to community banks with total assets of $10 billion or less. The CFPB supervises depository institutions with to- tal assets of more than $10 billion and their respective affiliates, but other than the limited authority conferred by section 1026 of the Dodd-Frn Act, the CFPB does not have supervisory authority regarding depository insti- tutions with total assets of $10 billion or less. As a re- sult, the CFPB does not have regular contact with these institutions, and it was therefore thought to be benefi- cial to create a mechanism to ensure that their unique perspectives are shared with the Bureau. The Small Business Regulatory Enforcement Fairness Act (SBRE- FA) panels provide one avenue to gather this input, but participants from community banks must possess no more than $175 million in assets, which precludes the participation of many. The Advisory Council is intended to fill this gap by providing an interactive dialogue and exchange of ideas and experiences between community bankers and Bureau Staff. n