Dear Members,
As we approach mid-year, the California Bankers Association (CBA) has made strides on several fronts, including advocacy, education, and strengthening connections with members and the banking industry. Our dedication to representing the interests of California banks has never been more focused.
Annual Conference & Directors Forum
The 2024 Annual Conference & Directors Forum was a success. The event was held on the island of Hawaii at the Fairmont Orchid Hotel, and brought together industry leaders, experts, and visionaries, setting the stage for insightful discussions, networking opportunities, and strategic collaborations. One of the many highlights of the conference was our distinguished opening speaker, Billy Beane, whose innovative perspectives on strategy and performance resonated deeply with our audience. Mark your calendars for the 2025 Annual Conference & Directors Forum May 13-16 at the La Quinta Resort & Club in La Quinta, California.
Association News
We are pleased to announce that Krista Snelling, president and chief executive of Santa Cruz County Bank, has been elected as the 2024-2025 Chair of the California Bankers Association’s Board of Directors. Krista is a true leader, and we are excited about the energy and vision she brings to the role of chair of our association.
We would also like to extend our heartfelt gratitude to Stan Ivie, head of government and regulatory affairs at Banc of California, for his exemplary service and leadership as Chairman of the Board. His dedication, vision, and unwavering commitment has been instrumental in guiding our organization toward success.
We are excited to announce that Todd Lewis, president and chief financial officer of Column N.A. DBA Northern California National Bank, was appointed vice chairman at large of the CBA’s Board of Directors. Edythe Repoff, president and chief operating officer of New Omni Bank was appointed to the CBA Board of Directors. We look forward to their insights and contributions that will undoubtedly enhance our collective efforts in advancing our association’s mission.
In addition, we are delighted to announce the appointment of Tina Cota as the association’s vice president & chief financial officer. Tina brings a wealth of experience and expertise to her new role and will be an integral part of the leadership team.
Membership News
In response to the diverse needs of our members, we have introduced new association membership tiers, designed to provide tailored benefits to professionals in the banking, finance, and fintech sectors. As a result of the new tiers, we are pleased to welcome Lendistry and Finli as fintech members and Strunk as an associate + member. To learn more about the tiers, please visit our newly redesigned website at calbankers.com/become-a-member.
Advocacy
Advocating for our industry remains a cornerstone of our mission. In May, Governor Newson released his updated budget proposal to close a $44.9 billion deficit in 2024-25 and a projected $28.4 billion gap in 2025-26. His plan calls for cuts to state government and deferment of previously appropriated spending. While the Governor did not call for tax increases, his plan includes a temporary suspension of net operating loss carry forward tax rules and elimination of the bad debt sales tax deduction for lenders. Additionally, the Governor’s proposal includes funding for the state Air Resources Board to implement SB 253 and SB 261 climate reporting mandates. We are diligently working with legislators and monitoring measures that could potentially impact the finance industry, ensuring that our members remain informed and prepared. The CBA Weekly and Battleground newsletters help members keep apprised of the latest legislative updates.
As always, serving you, our members, remains our chief commitment. We are deeply grateful for your continued support and engagement as we navigate the opportunities and challenges that lie ahead.
Sincerely,
Kevin Gould
President & CEO
Bringing members together.
Making our banks better.