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Banking Strategies: Should We Look to Utah?

Jeff For Banks

Just this month I taught Bank Profitability at the Utah Bankers'' Association Executive Development Program. Utah, home of the Industrial Bank, is the epicenter of niche banking. Prudent risk management suggests we should have diversification in our loan portfolio and funding sources. But look at EnerBank''s performance!

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Utah’s new regulatory sandbox

CFPB Monitor

Utah Governor Gary Herbert signed H.B. The sponsor of Utah’s legislation, Rep. ” Utah’s regulatory sandbox, which is effective as of May 13, is similar in many respects to Arizona’s sandbox, which began accepting applications in August 2018 and now has six participants. 378 , Regulatory Sandbox, into law on March 25, 2019.

Utah 60
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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

Utah-based FuturePay has consistently appeared in PYMNTS’ top 5 alternative credit apps, with its offer of flexible monthly payments for consumers and up-front settlement for merchants. Klarna also launched its new “Klarna: Swedish for smooother shopping” campaign in June.

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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $65 billion.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. DeBery, Senior Vice President, Internal Audit and Risk Management, Bath Savings Institution, Bath, Maine. New Community Bank Advisory Council members are: Jonathan T. Kathleen J.

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Data privacy: How to keep customer data safe

Independent Banker

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. Other states have enacted similar data privacy laws since the California Consumer Privacy Act came into effect, including Utah, Colorado, Virginia and Connecticut. By Katie Kuehner-Hebert.

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The Niche Bank

Jeff For Banks

I teach at the Utah Bankers' Association Executive Development Program. It does not seem like prudent risk management to do so. The decline from 15,000 to 6,000 tells me we haven't come up with an answer to "why bank with us?". In comes the niche bank, that tends to have the answer for a particular segment.