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CALL TO ACTION: SAY NO TO TAX REFORM BILL HB 2027/SB 600
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The Governor's tax reform bill, HB 2027/SB 600 will increase the consumer sales tax in West Virginia to the highest rate in the nation at 7.9%. It will also impose that rate on the sale of professional services including legal, accounting, advertising, and electronic data processing making West Virginia only the 4th state in the nation to tax such services.
The Governors proposal will have a profoundly negative impact on the economy in West Virginia and on the banking industry specifically. This legislation will drive consumers out of West Virginia across state lines and significantly increase the cost of doing business for banks who employ professional services daily.
Tell your representatives in the West Virginia HOUSE and SENATE to preserve existing tax exemptions for professional services and to go back to the drawing board on tax reform.
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| 2021 Annual West Virginia School of Banking: Virtual |
May 24 - 28, 2021
Application Deadline: April 23, 2021
Virtual - Zoom
This program consists of formal instruction, lecture, case analysis, group discussions and, in the second year and third year, Bank Exec, a computer-based bank management program. Between the first and second year, home-study problems will be assigned for completion prior to the beginning of the session.
Sessions include guest lectures by speakers with outstanding reputations in the banking field. In addition, WV School of Banking Fellows, CEOs, senior bank managers and regulators, are available for informal and wide-ranging discussions throughout the week.
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2021 Joint WVBankers/Ohio Bankers League Convention
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Banking executives from two states will join together at The Greenbrier, July 25 - 28, for a Joint Convention hosted by the West Virginia Bankers Association and the Ohio Bankers League. This gathering of top executives will provide a variety of opportunities to enhance visibility with the leaders of our states' financial services industry as a sponsor, exhibitor, breakout session presenter, or simply as a registered attendee.
March discount deadline is quickly approaching! Take advantage of the savings from this year's early registration. We are offering Association members the opportunity to take advantage of a significant discount for convention registrations that are pre-paid in full by March 31, 2021 - savings of $200 per couple. Credit card payments not accepted for discounted registration fees.
Remember, initial registration discounts will only be available through March, so you must register and pay applicable fees by the deadline to enjoy the full discount. If you have any questions, please contact Debbie Polen.
With your help, we look forward to a successful Convention. Thank you for your continued support. We hope you can join us!
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2021 WVBankers/OBL Joint Convention Sponsors
WVBankers would like to highlight and thank those WVBankers associate members who have made a commitment to sponsoring the Convention. We greatly appreciate their sponsorships and encourage all WVBankers members to thank them directly for their support of our organization.
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PROFESSIONAL DEVELOPMENT
SPOTLIGHT
Branch Management School Series
March 30 & 31, 2021
Virtual
Presented by Dianne Barton
More than ever before, today's branch management team is faced with a multitude of challenges and opportunities. Successful banks have branch leaders who are focused on motivating and engaging the team building, and increasing loyal customer relationships, mitigating risks through compliance and regulatory adherence, and accomplishing retail banking goals. In essence, the Branch Manager is the business manager.
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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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Marketing in an Upside Down World
March 25 & 26, 2021
8:30 a.m. - 12:30 p.m. | 1-hour Lunch Discussion, Day One
Virtual
In 2020 it certainly felt like our world was turned upside down. Branches closed. Lending became risky. Few had money to invest. The economy was on life support and bankers became first responders. Traditional marketing strategies were put on hold and emergency communications were developed to save clients.
As bank marketers start to make sense of this chaotic world, it is apparent that there are many opportunities to provide greater assistance in local markets. During this virtual event, participants will gain new insights on how to leverage these opportunities by refining their marketing message and implementing new communication tactics.
WVBankers is proud to be a Partner Sponsor for this exciting event!
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| 2021 Mid-Atlantic Forum: SAVE THE DATE |
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2021 Mid-Atlantic CEO Forum
November 7-9, 2021
Renaissance Baltimore Harbourplace Hotel
Baltimore, MD
Bank CEOs and Bank Senior Leadership are invited to attend the 2021 Mid-Atlantic CEO Forum - brought to you by Pennsylvania, Virginia, Delaware, West Virginia and Maryland Bankers Associations. Registration, speaker information and additional details to be announced soon!
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WVBankers Associate Member CenterState Correspondent Division Changes Name to SouthState Correspondent Division
On March 15, CenterState Correspondent Division changed its name to SouthState Correspondent Division. Here is a link to their new website: |
| 2020 WVBankers Record Retention Manual |
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The 2020 update to the WVBankers Record Retention Schedule, prepared by our friends at Bowles Rice, LLP, supplies bankers with the latest information about state and federal record retention requirements for West Virginia banks. The easy to use format provides record retention information for the following business functions:
- Administrative records
- Correspondent banking
- Electronic Data Processing and Internal Reports
- Investments
- Loans and Credit Transactions
- Official Checks and Drafts
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- Operations
- Personnel
- Safe Deposit and Vault
- Taxes
- Time and Demand Deposits
- Trusts
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And federal retention regulations including:
- USA Patriot Act
- Bank Secrecy Act
- CFPB
- FDIC
- The Federal Reserve
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The digital WVBankers Record Retention Schedule is $175.00 and is updated approximately every three years. Get your copy of this valuable resource today. Contact WVBankers, skessler@wvbankers.org or 304-343-8838 to order.
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New! WVBankers Member Classifieds
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FOR SALE
300 E Dupont Ave.
Bell, WV
Full listing available, here.
Contact: Keith McGuire, Managing Partner
SVN | McGuire CRE
(304) 523-7533 | keith.mcguire@svn.com
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| Have a classified you would like to share? Please send submissions to Allison Boyd. |
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Question: Are money market accounts covered under Regulation CC? Learn More >
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PPP Tools and Events for ALL
To help bankers with the reopening of PPP, C/A has opened its tools and huddles to members and non-members who are part of an FDIC-insured bank. Learn more, here.
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Do you have news to share? Please forward your press releases and photos to Allison Boyd
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