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CDBA is proud to welcome Kristy Esquibel (First Southwest Bank, Durango, CO) and Mike Vincent (United Bank, Atmore, AL) to our Board of Directors!
Kristy Esquibel serves as Executive Vice President and Chief Credit Officer at First Southwest Bank. She holds a bachelor's degree in Finance and Marketing from the University of Colorado, Colorado Springs, an MBA from Colorado State University, Pueblo, and a banking certification from Western States School of Banking. Kristy has served as the President of the Alamosa Chamber of Commerce and currently serves as a board member for Alamosa Chamber Foundation and First Southwest Community Fund.
Michael R. Vincent joined United Bank in 2006 and became President and CEO of both United Bank and United Bancorporation of Alabama, Inc. in 2021. Mr. Vincent received a Bachelor of Business Administration from Mississippi State University. He is also a graduate of the University of Mississippi School of Law, receiving a Juris Doctor in 1995, and a graduate of the Graduate School of Banking at Louisiana State University. Mr. Vincent serves on the Board of Directors of the Alabama Bankers Association and Central Alabama Title Center, as well as a Director of UB Community Development.
CDBA would like to thank outgoing board members Hope Johnson (Friend Bank) and Kent Curtis (First Southwest Bank) for their years of dedication and service.
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"Today, during a Senate Appropriations Committee hearing on President Trump's $9.4 billion rescission request—U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, underscored in how Republicans passing the package would devastate local public radio and TV stations nationwide, gut investments Congress has made to support longstanding bipartisan foreign policy objectives, and undermine the bipartisan annual appropriations process."
"The Financial Accounting Standards Board plans to establish requirements on how companies account for government grants in their financial reports, following awards provided in recent years as pandemic-related and other relief.
The standard setter on Wednesday voted, 4-3, to require U.S. public and private companies to record the value of grants they've received. Most companies already voluntarily do this by applying an existing standard on government-aid accounting from the FASB's international counterpart, the London-based International Accounting Standards Board. "
"For now, the wave of support appears to have held any staffing cuts at bay, Jeannine Jacokes, CEO of the Community Development Bankers Association (CDBA), said in an interview. In late March, the Treasury Department issued a statement affirming that the CDFI fund and related programs are statutorily authorized. The statement also said that senior Treasury leadership has consistently expressed support for CDFIs, that the CDFI Fund is operating normally and that Treasury does not anticipate any disruptions.
'People in Treasury told us that they heard from offices all over the Hill,' Jacokes said. 'House and Senate, both Democrats and Republicans...The bipartisan support that CDFIs have built over many years seems to be holding strong.'"