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Kenton Thompson – Chairman-Elect
President, Charles Schwab Signature Bank
Senior Vice President, Charles Schwab Bank

Kenton Thompson joined Charles Schwab in the fall of 2012. During his first four years at Schwab, Thompson served as senior vice president of bank products and distribution. In this role he oversaw all functions related to bank lending product development, sales, community development and diverse markets strategy.

In 2017, Thompson expanded his leadership responsibilities and was named the president of Charles Schwab Signature Bank. He and his teams are committed to doing business by the guiding principle: always look through the client’s eyes.

Profile

Eric Ellingsen – Chairman
President and COO, California Bank & Trust

Eric Ellingsen has served as president and chief operating officer of California Bank & Trust since January 2016. Within CB&T, Ellingsen oversees the business and branch banking, which makes up more than 80 branches throughout the state, SBA lending, private banking, corporate services, and the bank’s finance and planning functions. Prior to his current role, Ellingsen was CB&T’s chief financial officer from 2012 to 2015 and was responsible for the overall financial management of the company.

General information

Tax Reform Legislation Unveiled

Last week, House Republican leaders unveiled a draft of sweeping tax reform legislation — the first major overhaul of the tax code in more than three decades. Today, the House Ways and Means Committee is expected to begin a multi-day markup of this landmark legislation. Some of the major provisions of the bill include:

Press release

Central Valley Community Banks’ Generosity and Community Support Highlighted this Holiday Season
Local members of the California Bankers Association proudly support several philanthropic endeavors in the Central Valley community

SACRAMENTO, CA   November 15, 2017 – Members of the California Bankers Association (CBA) play a critical role in supporting California’s local communities and their economies. In a 2017 CBA Community Relations Survey, banks shared their dedication to giving back to their communities by hosting local events, funding scholarship programs and supporting many philanthropic endeavors. In total, responding CBA member banks across California donated nearly $82 million last year.

Education Seminar National Registry of CPE Sponsors

2018 Women in Banking Forum
Paradise Point Resort & Spa • San Diego, CA

From junior officers to executive level decision-makers, the Women in Banking Forum delivers the practical tools and tactical strategies necessary for today’s accomplished professionals. Women bankers from multiple levels will come together at the Paradise Point Resort & Spa to explore the primacy of purpose in ways that are both inspiring and empowering.

Press release Beth Mills

California Bankers Association-Sponsored Bill Providing Additional Financial Protections for Seniors Clears First Committee Hearing

SACRAMENTO – The Assembly Committee on Aging and Long-Term Care has passed Assembly Bill 611 (Dababneh), which is sponsored by the California Bankers Association, and provides important financial protections for seniors. Specifically, AB 611 gives a bank or credit union, as a mandated reporter of elder financial abuse, the statutory authority to decline a power of attorney if there is actual knowledge that a report of financial abuse of an elder or dependent adult has been made to adult protective services or local law enforcement.

Press release Beth Mills

Kathie Sowa Named New Chair of the California Bankers Association

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.

Post

CBA Releases 2017 Incident Response Playbook

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.

Press release

The California Bankers Association and Beacon Economics Release California Economic Impact Report
Report reveals banks play a critical role in supporting California's economy

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.

Press release

Equifax Breach: Resources to Communicate with Your Customers

As the Equifax breach continues to dominate headlines, you may begin to get questions from your customers and the media. Here are a few resources you might find helpful as you decide how to communicate about the breach:

Education Seminar

2018 Emerging Leaders Conference
Hilton San Diego Bayfront • San Diego, CA

360° Blueprint for Success

Leadership and success are dimensional, developed through multiple sources of influence that bring value to an individual’s personal and professional spheres. At the 2018 Emerging Leaders Conference, rising stars and experienced professionals will gather to share the strategic and practical tools necessary to build a blueprint for success.

Attendees can look forward to high-energy keynote speakers, content-rich learning sessions, and interactive sessions created to deliver professional guidance in an environment that encourages peer networking. With opportunities to explore relevant issues such as multigenerational management and designing a personal brand while advancing the corporate mission, the program provides leadership concepts that can be implemented immediately.

Press release

California Department of Business Oversight Declares Extraordinary Situation in Counties Affected by Wildfires

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.

Press release

Fix Dodd-Frank
Bankers want a surgical fix for Dodd-Frank. Learn more about the customers hurt by its overly burdensome rules.

Fix Dodd-Frank

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.

Press release

Another Voice: Starting a Conversation on Bank Rules

Golden Pacific Bank’s President and CEO Virginia Varela says in Another Voice: Starting a Conversation on Bank Rules in the Sacramento Business Journal, “No matter what your political stance, there is something that we should be able to agree on, and that is there are too many silly, outdated and overly restrictive laws affecting community banks and small credit unions, harming small businesses and their access to capital.”

Event

Lenders and Credit Officers Conference
The Westin Mission Hills Golf Resort & Spa • Rancho Mirage, CA

Join your fellow chief lending officers, chief credit officers, credit administrators, loan administrators and senior lenders to hear key industry updates in the credit and lending arena where you will meet face-to-face with regulators, economists and inspiring speakers.

The combined conference will provide a unique opportunity for lending and credit professionals from across the state to meet, exchange information and address shared challenges.

Press release Beth Mills

Simone Lagomarsino Named New President and CEO of the California Bankers Association

SACRAMENTO – The California Bankers Association (CBA) today announced that Simone Lagomarsino has been selected to serve as the new president and CEO of the association, succeeding Rod Brown, who is retiring after serving in that role for nearly 10 years. Prior to her new role with the CBA, Lagomarsino served as CEO of Heritage Oaks Bank, and president and CEO of Heritage Oaks Bancorp, headquartered in Paso Robles, Calif.