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The American Bankers Association today announced the recipients of its inaugural ABA Emerging Leader Awards. These new awards recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. ....
SALT LAKE CITY Individuals are saving more during the global pandemic than they were before the coronavirus outbreak, Zions Bank says in a new report. The news comes even as another survey shows more than a third of working Americans say their financial situation is worse than a year ago. Despite massive job losses and major economic impacts nationwide, the personal savings rate the percentage of people s income remaining after taxes and spending registered at nearly double pre-pandemic savings levels, the Salt Lake City-based bank said. We have clients that are just spending less money and that s natural, according to Lydia Levin, Zions senior vice president and manager of client experience and digital banking strategies. They re traveling less, they re eating out less, they re going out less and instead they are saving their funds. ....
Locally, Utahns are socking away record amounts, signaling a statewide savings boon. Zions Bank saw deposits across its Utah and Idaho footprint grow by $4.87 billion in 2020, a 30% increase from 2019. ....