December 21, 2015 – Bank of Utah has restructured its accounting and finance group, which has included creating a new vice president of finance position. Menah Strong will serve as chief administrative officer and Nathan DeFries has been hired to serve as vice president of finance.
Nathan DeFries, CPA, will work directly with the Bank’s chief financial officer in managing the finances of the bank. He will supervise all accounting functions and will be responsible for the integrity of the general ledger. DeFries will review cash positions, control cash accounts and accounts payable. In addition, he will be responsible for the overall liquidity reporting, including stress testing, assisting stockholders with the sale and purchase of bank shares and assisting the chief financial officer with the budgeting process. DeFries will also serve as controller for Bank of Utah. He has previously served as controller for Proficio Bank and Target Bank and also served as Senior Financial Reporting Analyst at Silicon Valley Bank. He earned both bachelor’s and master’s degrees in accounting from Brigham Young University. DeFries is a long-time volunteer with the Boy Scouts of America.
Menah Strong, CPA, will continue as chief administrative officer, with additional responsibilities created through the restructuring. Her key duties are to support the production of deposits, which includes all payments systems, online banking, Automated Clearing House, check clearing, central operations, wires, official checks and money orders. She will help in enhancing processes for personal and corporate trust operations. An employee of Bank of Utah since 1997, Strong previously served as a controller and internal auditor. She earned both bachelor’s and master’s degrees in accounting from Weber State University, and is a graduate of Pacific Coast Banking School. Strong is a board member of the Boys and Girls Club of Weber Davis and a member of the Utah Association of Certified Public Accountants.