Pub. 14 2017 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 22 BANK NEWS visit us online! www.nmbankers.com www.nmbankers.com www.facebook.com/pages/New-Mexico-Bankers-Association/371559049590485 Hitchcock is well known throughout New Mexico for his community involvement. He is a past-President of the New Mexico Bankers Association, board member at Mountain States Mutual Casualty Company, Lovelace Regional Hospital, and New Mexico Oil Corporation. He is a past-President of the Roswell-Chaves County Economic Development Corporation (RCC-EDC). While with the RCC-EDC, he was involved in bringing American Airlines air service to Roswell and was instrumental in convincing American to extend service to Phoenix. He is an Elder at First Presbyterian Church, President and Director of the Roswell Symphony Orchestra Foundation, Treasurer of the ENMU-R Foundation, a member of Roswell Rotary, New Mexico Amigo’s, and the Civil Air Patrol. In addition, Hitchcock is a lifetime member of Leadership New Mexico and earned the 2004 Outstanding Leader Award from the Leadership Roswell Alumni Association. He was also a board member on the Roswell Chamber of Commerce from 2001-2007, and named the 2010 Citizen of the Year by the Roswell Board of Realtors. He is also a retired Lt. Colonel (Field Artillery) having served with the 49th Armored Division, Texas Army National Guard and the U.S. Army Reserve. He and his wife, Dietta, have been married for 21 years and have two children, Dorothy and Wiley. With Hitchcock’s retirement, Pioneer Bank also announced the promotion of Stephen P. Puntch to Chief Executive Officer, Christopher G. Palmer to President and Chief Operating Officer, and Nicole R. Austin to Executive Vice President and Chief Lending Officer. American Bankers Mutual Insurance Ltd. Distributes $1.5 Million to Banks American Bankers Mutual Insurance Ltd. (ABMI), the reinsurer for the D&O and bond insurance program endorsed by the American Bankers Association (ABA) and the New Mexico Bankers Association, declared a $1.5 million distribution to be shared by qualified ABA member banks insured through ABA Insurance Services Inc. Eight New Mexico banks will share over $11,000. This is the 27th consecutive year that the industry’s leading professional liability and bond insurance provider has declared a distribution, bringing the total declared to $82.7 million since the program’s inception in 1987. Nearly $750,000 of that has been shared with New Mexico banks. Banks that purchase their Directors & Officers, financial institution bond, cyber and related insurance from this program, and are current members of the American Bankers Association are eligible to receive distributions. “In 1986, the ABA revolutionized the industry by creating an insurance program specifically for banks and directed by bankers. Thirty years later, this program continues to provide innovative insurance policies that address our industry’s complex risk management environment,” said Rob Nichols, ABA president and CEO. “We are proud that we can continue to provide this stable, reliable source of insurance that offers distributions to ABA members.” “After 30 years, the ABA-endorsed insurance program proudly stands as the banking industry’s only professional liability insurance mutual company owned by the insureds – our participating ABA member banks,” said Steve Wilson, chairman and president of American Bankers Mutual Insurance Ltd. and chairman of LCNB National Bank in Lebanon, Ohio. “The ABMI board of directors is pleased to announce this 27th consecutive distribution to be shared by eligible ABA member banks, demonstrating the continuity of the program’s strength and commitment to the banking industry.”