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s and e i r t s u nd rio i nd their a v r midd o f n r i e g mana panies itions, expa ings and /or m egion r o , c T l R AE t loca ake acquis new build elping our a N AC K e A r G g E y m M h rk wit help them ational), bu cash flow. H o w e p to “W ern peed u my job.” ntinue stic and int s o c o t l l ’ we (dome ury platform est part of s t n i r p foot treas als is the b r i e h t CANDACE HUNTER WIEST, go de upgra hieve their president and CEO, West Valley National c a s t Bank: “I continue to be concerned n clie ing, J t b a nk e k r a us le m

MIKE BROWN, president, WaFd Bank Arizona:

“Our industry’s success will continue to be tied to how we not only react, but how we anticipate and proactively put effective plans, procedures and processes in place. In general, I think all Arizonans will adapt accordingly and we will ride a wave of prosperity at least through 2020.” DAVE RALSTON, CEO, BOK Financial: “The outlook for the banking industry heading into 2020 looks promising, but not without its challenges. Bank earnings will benefit from tax reform and rising interest rates, but will be muted by rising costs of technology and regulatory compliance. These escalating costs — along with proposed regulatory reforms — could accelerate consolidation in the industry.” MICHAEL J. THORELL, president and CEO, Pinnacle Bank, which was acquired by Arizona Federal Credit Union earlier this year: “We continue to share the hope that we will see reasonable regulatory reform which will result in a positive experience for both the industry and our clients.”

about the possibility of a mild recession. Hopefully, the Fed will continue to sit pat with interest rates. The recent increases have significantly impacted some of our small businesses. And the housing market seems to have slowed in the markets we serve, which include Arizona, Southern California and Las Vegas. I do not expect any meaningful regulatory relief.”

JEFF FRIESEN, president of the Arizona Region, Enterprise Bank & Trust: “I believe the banking industry will remain healthy in 2020. However, the biggest disruption will be due to the fast growing technology space — FinTech. While expansion in technology, within the financial sector, will continue to be very creative, it creates issues within the current regulatory world, which will need to be addressed.”

JIM S. PATTERSON, president and CEO, UMB Bank Arizona: “We are fortunate enough to have experienced continuous growth in Phoenix. We are excited to continue to grow our business while supporting our clients in reaching their goals, whether that be for growth and expansion or preparing for succession.”

Dave Ralston

Jeff Friesen AB | November - December 2019 93