President's Message

Bank News

Heritage Bank Brings Its Branch of the Future to Tacoma

Pacific Coast Banking School Announces New Graduates for 2018

Sound Community Bank EVP/COO Named to CFPB Community Bank Advisory Board

Columbia Bank Chairman Earns PSBJ Lifetime Achievement Award


National Updates

ABA issues CECL Discussion Paper on Financial Reporting Disclosures: In early September, the ABA issued a discussion paper on the CECL standards aimed at educating bank investors, board members and auditors on what to look for under the new standard and the challenges bankers will have in addressing common questions.

CFPB Provides Clarifications on HMDA Partial Exemptions Under S. 2155: The CFPB issued an interpretive rule at the end of August clarifying several changes to the HMDA regulations made under S. 2155. The rule is intended to address concerns raised by banks about S. 2155’s partial exemption for certain financial institutions from reporting an expanded set of HMDA data points.

FDIC Seeks Comments on Treatment of Reciprocal Deposits: The FDIC issued a request for comment on the proposed rule to implement Section 202 of S. 2155, which would allow well-capitalized, well-rated institutions to not be required to treat reciprocal deposits as brokered deposits.


Members in the Community

Finally, a chance for us to shine a spotlight on the many contributions our members are making in their community:

First Federal Employees Volunteer at Shipley Center Luau

Piggy Bank Campaign Encourages Saving, Giving

First Financial Northwest Bank Builds Bikes for Local Kids

HomeStreet Bank’s Vote Your Heart Charity Giving Contest Returns

YouthForce’s First Bank of America Intern

Columbia Bank Partners with American Heart Association for Heart Walks

Wells Fargo Commits $5 Million to Tribal Solar Projects

First Financial Northwest Bank Sponsors Victim Services Golf Tournament

Columbia Bank Celebrates 25th Anniversary with 1,000 Financial Literacy Kits for Kids

KeyBank Partners with Premera Blue Cross for American Heart Association Donation

HomeStreet Bank Employees Volunteer with United Way


WBA News

The Women in Banking Conference and the new Emerging Leaders Conferences, include two star-studded panels of local leaders. I encourage everyone to bring a team to both valuable events. Table registration is available for the Women in Banking Conference, and includes a $50 per person discount.

Registration is also open for our other fall conferences, including the Northwest Compliance Conference, FDIC Directors’ College, and the Pacific Northwest Bank Leadership Symposium.

We’re also accepting registrations for the 2019 Executive Development Program and the Enterprise Risk Management Development Program. These classes sell out quickly, so make sure to reserve your spot early.

If you have news or events to share, please do not hesitate to contact our office.


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