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The Utah Bankers Association presented Harold C. Steed with its Distinguished Banker Award during the UBA's 82nd annual meeting here.

Steed, chairman president and chief executive officer of Community First Bank, Clearfield, received the award - the association's highest honor - from UBA Chairman Robert B. White Jr..White said the award is given in recognition of a lifetime of achievement in banking and community service. It is not an annual recognition but is presented only when the association finds one of its members worthy of the honor.

Steed joined Clearfield State Bank in 1943 as a teller following his graduation from Utah State University. In 1969, he was named president of the bank. In 1987, the bank's name was changed to Community First Bank "to reflect a broader involvement in Davis County."

In 1989, the national publication American Banker named Community First Bank as one of the country's best-performing banks. Money magazine has listed it among the 100 safest banks in the United States.

Steed has been active in banking industry leadership, serving as president of the Ogden Chapter of the American Institute of Banking, state vice president of the American Bankers Association and, in 1986, as president of the Utah Bankers Association.

Steed has been a councilman and treasurer of Clearfield, president of the Kiwanis Club and chairman for more than 30 years of the Davis County U.S. Savings Bond Committee.

He was a member of the Weber State College Institutional Council for 16 years, serving one year as its chairman. As chairman of the finance committee for Weber State, he directed major expansion plans for the college, including the building of the social science education complex and expansion of the library.

Steed was a director of the Davis North Medical Center from the time of its dedication.