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 4 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 a�orney 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. 2016-2017 NMBA Board of Directors President Jay Jenkins Carlsbad National Bank 202 W. Stevens Carlsbad, NM 88220 President-Elect Mike Lowrimore Bank of the West 500 Marque�e NW, 14th Fl Albuquerque, NM 87102 Secretary/Treasurer Ron Wiser Bank of the Southwest PO Box 1638 Roswell, NM 87202-1108 Immediate Past President Paul DiPaola US Bank PO Box 3686 Albuquerque, NM 87190 Executive Vice President John W. Anderson New Mexico Bankers Association 316 Osuna NE, Suite 502 Albuquerque, NM 87107 Term Expiring 2017 John Gulas Los Alamos National Bank PO Box 60 Los Alamos, NM 87544-0060 Jon Hitchcock Pioneer Bank PO Box 130 Roswell, NM 88202-0130 David Hockmuth Wells Fargo Bank 200 Lomas Blvd NW Albuquerque, NM 87102 Term Expiring 2018 Michelle Coons First National 2101 Mountain Rd NW, #A Albuquerque, NM 87104 Greg Leyendecker New Mexico Bank & Trust PO Box 1048 Albuquerque, NM 87103 Jason Wyatt Western Commerce Bank 212 North Canal St. Carlsbad, NM 88220 Term Expiring 2018 Sheila Mathews Four Corners Community Bank 500 W. Main Suite 101 Farmington, NM 87401 Steve Muell First National Bank 414 10th St Alamogordo, NM 88310 Ronald L. Schmeits International Bank PO Drawer 1028 Raton, NM 87740-1028 ISSUE 12017 PAGE 6 President’sMessage – Jay Jenkins GiveAmerica’s BanksRoom toGrow –RobNichols PAGE 14 JobDisplacement inAmerica –MarkAnderson PAGE 12 PhotoCredit: JamesRenfrow PAGE 16 The Environment for Bank Funding and Deposits in 2017 –GlennMartin 6 PRESIDENT'S MESSAGE By Jay Jenkins, New Mexico Bankers Association President, Carlsbad National Bank 8 EXECUTIVE VICE PRESIDENT’S MESSAGE By John Anderson, Executive Vice President, New Mexico Bankers Association 12 GIVE AMERICA’S BANKS ROOM TO GROW By Rob Nichols, President and CEO, American Bankers Association 14 JOB DISPLACEMENT IN AMERICA By Mark Anderson, Legal and Legislative Assistant, New Mexico Bankers Association 16 THE ENVIRONMENT FOR BANK FUNDING AND DEPOSITS IN 2017 By Glenn Martin, Regional Director, Promontory Interfinancial Network 18 CFPB COMPLAINTS: SPOTLIGHT ON CREDIT REPORTING By Dimitris Rousseas, Compliance Alliance 19 IS SBA 504 FINANCING RIGHT FOR YOUR SMALL BUSINESS By Lorena Chavez Sr. Business Development Officer, Capital CDC 20 BANKERS ON THE MOVE 21 BANK NEWS