President's Message

Early in the session, the Legislature came to an agreement on Hirst, which grandfathers all existing wells as a legally-adequate water supply to obtain a building permit. It also allows new wells drilled in those watersheds, but limits them to an annual average. We also worked on access to abandoned or foreclosed properties, which allows financial institutions access and permits cities and counties to take certain action if a mortgage servicer does not abate a nuisance.

Other outcomes include a bill on the Uniform Common Interest Ownership Act, addressing lien priority for association dues and changes to the state budget to limit the Department of Revenue sweep of fees from DFI, lowering it from $15 million to $5 million.


National Updates

S. 2155 Passes Senate: On Wednesday, the Senate passed S. 2155, a bipartisan regulatory reform bill, which includes several provisions that have been longstanding priorities of the ABA.

Judge Holds Hearing in ABA Lawsuit Against NCUA: A federal judge in Washington D.C. heard oral arguments on Thursday in the American Bankers Association lawsuit challenging the National Credit Union Administration’s field of membership rule.

CFPB Finalizes Changes to Servicing Rule: The CFPB issued the final rule relating to timing for services sending periodic statements to borrowers in bankruptcy. The rule goes into effect April 19, 2018.

House Passes Several ABA-Backed Reg Reform Bills: The House passed three regulatory reforms in early March that were backed by the American Bankers Association.  


Bank News

State’s banking Industry Stable, Improving in Three Key Areas

New U.S. Bank Seattle Leader Betsy Cadwallader Enters the Fray

Op-Ed: Tax Reform Has Eliminated the Need for Credit Union Favoritism

Kitsap Bank Promotes Jennifer Phelan

Kitsap Bank Promotes Janet Hobson

Liberty Bay Bank Acquires Poulsbo Banner Bank

Heritage Financial Corp. to Acquire Premier Commercial Bank


Members in the Community

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

Columbia Bank Offering Relief for Rhine Valley Fire Families

BankWork$ Celebrates First Graduates of 2018


WBA News

Classes for the WBA’s Management Development Program and the Credit Analyst Development Program begin in April. These two programs are ideal for individuals at your bank ready for a new level of responsibility. The program features over 48 hours of instruction time for your students. Consider sending your staff, and register before April 1 to ensure the best pricing possible.

Registration is open for the WBA’s spring 2018 conferences, including the Education/Human Resources Conference April 5-6 and the Northwest Ag Conference May 8-9. In May, we’ll also be hosting the Agricultural Lending School, running May 10-11, following the Ag Conference.

Registration is also now open for the 2018 Convention, co-sponsored with the Montana Bankers Association.

If you have news or events to share with the membership and WBA, please do not hesitate in contacting our office.


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