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Members, out of an abundance of caution WVBankers staff will be working remotely. Please email us directly should you need anything. Thank you!
WVBankers is committed to sharing vital information and updates with the banking community and we have created an
Emergency Preparedness resource page with various links that will be updated continually. Compliance Alliance has offered their Pandemic Planning Policy free for member use, it is available on our website or to download
here.
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The U.S. Small Business Administration is working as quickly as possible to put the mechanisms, policies and procedures in place to implement the newly-passed CARES ACT legislation. The Paycheck Protection Program is scheduled to open Friday. We will be providing information as soon as it becomes available. In the meantime, we ask for your patience. Once we receive guidance we will send it to you and we will then be able to better assist you with your questions.
Please hold calls and emails and we will be in touch as soon as we have the information to share out.
As we move forward, I would request the following to allow us to assist you more effectively.
- When sending an email please use the following format for the subject line: Bank Name - Bank Location ID - Bank FIRS # - Subject
- Include your full contact information (Company, Name & Title, Business Phone, Cell Phone, Email, and Address) and indicate your preferred contact phone number
Our office provides the most up to date information as we receive it through email. Please take a moment and sign up for the updates at www.sba.gov/updates.
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2020 LEGISLATIVE WRAP-UP
The 2020 regular session of the West Virginia Legislature has proven to be an incredibly productive and successful legislative year for the banking industry in West Virginia. During the 2020 session, the WVBankers and Community Bankers of West Virginia (CBWV) sought passage of six pieces of legislation.
In addition to the industry sponsored bills, we were actively involved in two additional pieces of legislation with potential ramifications to the banking industr
y;
continued.
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PROFESSIONAL DEVELOPMENT
UPDATE
Assest Liability Management and Investments - Postponed
April 22, 2020
We apologize for any inconvenience.
Once we have an update on new dates and more information, we will let you know.
_____________________________________________________________________
Check Out WVBankers Distance Learning Options:
Attention Members!!!
To receive your member rate, please make sure to use the WVBankers Member Promo Code:
"wvbankers"
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May Events:
May 5, 2020
Stonewall Resort
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May 7, 2020
Stonewall Resort
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May 14, 2020
Edgewood Country Club
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May 17 - 22, 2020
University of Charleston
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Currently, the WVBankers Annual Convention will be held as scheduled. Should we need to cancel at a later date, all collected registration fees will be refunded without penalty. However, if we continue to hold the convention and an attendee chooses to cancel on their own, normal cancellation fees will apply.
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WVBANKERS ANNUAL CONVENTION
Registration is open for the WVBankers Annual Convention, July 26-28, at The Greenbrier Resort in White Sulphur Springs, WV. Beginning with our Opening Night Reception and Dinner on Kate's Mountain and ending with Tuesday's night Annual Banquet & Entertainment, we are committed to providing our attendees a positive educational experience and myriad of networking opportunities that we believe will be time well spent among your colleagues.
We hope to see you there!
General Session speakers include ABA President/ CEO
Rob Nichols;
Jack Shaw, Innovation and Change Management Strategist; and
Ron Insana, CNBC Senior Analyst, Financial Journalist.
Monday and Tuesday morning concurrent breakout sessions will feature presentations from BKD, LLP, Bowles Rice, Nelson Mullins Riley & Scarborough, and Dixon Hughes Goodman, LLP.
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Platinum Sponsors:
Investors Title Insurance/
WV Bankers Title
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Gold Sponsors:
Arnett Carbis Toothman
The Baker Group
FHLBank Pittsburgh
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Silver Sponsor:
Bowles Rice
FHN Financial
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Bronze Level Sponsors:
CenterState Bank of Florida
Community Banker's Bank
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Friend of Convention:
Bankers Bank of Kentucky
Pacific Coast Bankers Bank
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ABA Seeks Info from Banks on Coronavirus Response
As the coronavirus pandemic continues to spread in the United States, with effects both on individuals' health and the U.S. economy,
ABA
is compiling a list of actions individual banks are taking to support their retail and business clients, protect their employees and support the economy. The running list will help
ABA
educate both the public and policymakers about how banks are helping customers affected by the crisis.
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WEST VIRGINIA WORK REMOTE CONNECTION (WV-WRC) INITIATIVE
As we all come to grips with the new paradigm brought about by the COVID-19 pandemic, maintaining the health and productivity of West Virginia's economy is critically important.
State leaders have closed schools, called for residents to stay at home and recommend that business owners allow their employees to work remotely from home.
This new reality poses myriad challenges for businesses, both small and large. Managing business continuity has become a priority for not just employers, but our local, state and federal governments, as well;
full release.
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Due to the Coronavirus, GSBLSU's 2020 session has been postponed until May 24 - June 4, 2021.
While it is unfortunate that the 71st session of the school had to be su
spended, plans are already being made for the 2021 session; read full release.
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Money Smart Week
April 4-11, 2020
CANCELED
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Question: Our bank is filing a SAR for a customer that brought in $2,500 in cash on eight separate occasions. The account in question is owned by a husband and wife, and we are not 100% sure who brought it in the cash deposits. We have filed SARs previously but in those cases, we knew the husband made the deposits because they were over $3,000. Do we need to add both the husband and wife to the new SAR? Learn more.
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Do you have news to share? Please forward your press releases and photos to
Allison Boyd
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