Pub. 15 2018 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 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. 2018 NMBA Board of Directors President Mike Lowrimore Bank of the West 500 Marquette NW, 14th Fl. Albuquerque, NM 87102 President-Elect John Gulas Los Alamos National Bank P.O. Box 60 Los Alamos, NM 87544-0050 Secretary Treasurer Ron Wiser Bank of the Southwest P.O. Box 1638 Roswell, NM 87202-1108 Immediate Past-President Jay Jenkins Carlsbad National Bank 202 W. Stevens Carlsbad, NM 88220 Executive Vice President John W. Anderson New Mexico Bankers Association 316 Osuna NE, Suite 502 Albuquerque, NM 87107 Term Expiring 2018 Paul Dipaola US Bank PO Box 3686 Albuquerque, NM 87169 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 2019 Sheila Matthews 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 Term Expiring 2020 Stephen Puntch Pioneer Bank PO Box 130 Roswell, NM 88202 Danny Beyhan The Citizens Bank, Farmington PO Box 4140 Farmington, NM 87499 Lonnie Talbert Southwest Capital Bank 1410 Central Ave, SW Albuquerque, NM 87104 ISSUE 12018 PAGE 5 President’sMessage –Mike Lowrimore SteppingUpOur Political Engagement PAGE 18 Beneficial Ownership:Step ByStep PAGE 10 PhotoCredit: JimRenfrow PAGE 20 State Leader To BeHonoredAt LeadershipNew MexicoAwards Dinner 5 PRESIDENT'S MESSAGE By Mike Lowrimore, New Mexico Bankers Association President, Bank of the West 6 EXECUTIVE VICE PRESIDENT’S MESSAGE By John W. Anderson, Executive Vice President, New Mexico Bankers Association 10 STEPPING UP OUR POLITICAL ENGAGEMENT By Rob Engstrom, Chief Political Strategist, American Bankers Association 12 THE FILM INDUSTRY IN NEW MEXICO: A POSITIVE ECONOMIC FORCE By Mark Anderson, Legal and Legislative Assistant, New Mexico Bankers Association 14 THE REGULATORS ARE COMING, THE REGULATORS ARE COMING… By Darlia Fogarty, Director of Compliance and COO for Compliance Alliance 16 FINTECH FOR BANKS PARTNERING WITH BANKS IS KEY TO FINTECH’S FUTURE By Glenn Martin, Promontory Interfinancial Network 18 BENEFICIAL OWNERSHIP: STEP BY STEP Silvia Garcia Maggio, CRCM, Associate General Counsel, Compliance Alliance 20 STATE LEADER TO BE HONORED AT LEADERSHIP NEW MEXICO AWARDS DINNER 21 BANKERS ON THE MOVE 22 BANK NEWS