SACRAMENTO, Calif. – Today, the U.S. House of Representatives voted 258-159 to approve, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill, which passed the U.S. Senate in March on a strong bipartisan vote of 67-31 and now advances to the president for his signature, is designed to right-size banking regulations to allow banks to better serve their customers and their communities, while maintaining appropriate safety and soundness controls.
SACRAMENTO —The Western Independent Bankers (WIB), a division of the Western Bankers Association, announced today the recipients of the 2018 Banker and Bank of the Year Awards to Tony Kallingal, regional market president of Scott Valley Bank, and Mohave State Bank, respectively. The announcement was made at the association’s Annual Conference in Kauai, HI, which hosted a record-breaking audience of bank presidents, senior officers, and directors.
SACRAMENTO — The Western Independent Bankers (WIB), a division of the Western Bankers Association (WBA), announced today that SavvyMoney was voted the Best in Show winner from a selection of fintech presenters attending the Fintech Showcase featured at WIB’s Annual Conference in Kauai, HI. This cutting-edge showcase was created to address the unique questions and concerns bankers experience when navigating the intersection of technology and financial services.
SACRAMENTO, Calif. – The California Bankers Association, a division of the Western Bankers Association, today announced that Jim Lokey was honored as the CBA’s Distinguished Banker of the Year. Lokey was officially recognized at the WBA’s annual conference held last week.
SACRAMENTO – The Western Bankers Association (WBA) today announced that Debbie Skinner, EVP and chief administrative officer of Farmers & Merchants Bank of Central California (F&M Bank), will serve as the 2018-2019 chair of the board of directors. Skinner, who has been a member of the board since 2015, was officially elected at the WBA’s annual conference held last week.
The WBA, in partnership with the Federal Home Loan Bank of San Francisco, has officially launched its social impact awareness campaign designed to share with public the tremendous impact our member banks have in the communities they serve. The focal point of the campaign is the creation of a series of regionally focused videos designed to highlight these efforts and showcase the positive impact.
Local members of the California Bankers Association are supporting several philanthropic endeavors in the Central Valley community, via the Central Valley Business Times. For example, in 2016 CBA member banks across California donated nearly $82 million.
As bankers continue to survey losses associated with the catastrophic wildfires wreaking havoc in Northern California and some southern portions of the state, housing appears to be a top concern. CBA President & CEO Simone Lagomarsino discusses how bankers are working
together to rebuild communities.
Governor Jerry Brown has proclaimed a state of emergency in the following counties due to the effects of the California wildfires which has damaged structures and infrastructure, threatened homes, and caused the evacuation of residents.
Consequently, Commissioner of Business Oversight Jan Lynn Owen has determined that an extraordinary situation exists in the counties and has issued a proclamation authorizing state-chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary condition has ended.
Our hearts go out to everyone who has been impacted by the devastating natural disasters affecting California. We recognize that the immediate focus of our colleagues and friends in these regions is on ensuring the safety of their family and loved ones.
We also have made available the latest incident information below. Please contact us and let us know if there is any way we can be of assistance.
CBA President and CEO, Simone Lagomarsino, discusses Operation Choke Point, and the regulatory requirements that force bankers to spend much of their time and money intrusively policing their own customers in an Orange County Register editorial.
The California Bankers Association (CBA) and Beacon Economics have released a report, “The Economic Impact of California Banks” which examines the critical role banks play in supporting California’s economy and the communities where they do business. We have also produced a video that complements and highlights the important findings in the report.
The report is authored by Chris Thornberg, Ph.D., founding partner at Beacon Economics, and updates a previous study conducted in 2013.
The CBA has partnered with the Financial Services Information Sharing and Analysis Center (FSISAC) and the American Bankers Association to provide the 2017 Incident Response Playbook, which delivers guidance to banks in California on actions to consider taking before a cybersecurity incident as well as needs and information-sharing protocols in response to and during recovery from a cybersecurity incident as well as recommendations for actions to take following a cybersecurity incident.
The CBA is pleased to share with you the following video we have created that highlights the negative impact the qualified mortgage and ability to repay rules contained in the Dodd-Frank Act are having on banks’ lending activities. The video is intended to be a resource for all bankers to use to highlight the need to fix specific elements of Dodd-Frank, particularly QM/ATR, as you meet with local elected officials, community leaders, or in forums with your customers. Please also feel free to share and link to the video on your social media platforms.
SACRAMENTO – The California Bankers Association (CBA) today announced that Kathie Sowa, commercial banking market executive and market president of the greater Sacramento region for Bank of America Merrill Lynch, will serve as the 2017-2018 chair of the board of directors for California’s largest banking trade association. Sowa leads commercial banking teams serving clients in the Central Valley and Central Coast of California, and she is also the greater Sacramento market president serving the 1,200 employees in the 7 counties in the market.