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WVBANKERS 127th ANNUAL CONVENTION
The Greenbrier Resort, White Sulphur Springs
July 26 - 28, 2020
T
he WVBankers Annual Convention will be held as scheduled. Be a part of our 127-year tradition and join your colleagues for an array of timely sessions on essential topics that qualify for continuing education and legal credits.
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 and
Nelson Mullins Riley & Scarborough.
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FRIENDS OF CONVENTION
Bankers Bank of Kentucky
Pacific Coast Bankers Bank
Jackson Kelly, PLLC
Travelers Insurance
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Speakers Announced for the Mid-Atlantic Bank Executives Speaker Series: REGISTER TODAY!
The Delaware, Maryland, Pennsylvania, Virginia and West Virginia Bankers Associations present a six-month speaker series that will deliver timely and engaging content geared specifically towards bank CEOs and senior leadership. The series will begin in July and runs through December. One registration fee will provide access to all six sessions and recordings.
We hope you will join us live for the hour-long sessions. Speakers and topics include:
September 11: TBA
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A Message from SBA on Debt Relief:
Hello WVBankers. A friendly reminder that SBA's Debt Relief Programs helps you market your SBA lending capabilities by paying the borrower's principle, interest and fees for six (6) months. This applies to current loans (7(a), 504 and Microloans) in good standing and new loans booked before September 27th, 2020.
The Debt Relief Program applies to SBA's export finance programs as well. Here is a quick summary of the programs:
Export Express
- 90% guarantee for amounts up to $350,000 (for up to 7 years)
- 75% guarantee for amounts between $350,000 and $500,000 (for up to 7 years)
- Lender uses its own loan approval process and documents
- For financing of inventory, accounts receivable and export development activities
- Fixed assets, permanent working capital and real estate
Export Working Capital Program
- 90% guarantee for amounts up to $5,000,000
- Use of funds for purchase order financing, accounts receivable and inventory financing , advance rates ranging from 75% (inventory) to 90% (AR)
International Trade Loan Program
- 90% guarantee for amounts up to $5,000,000
- For working capital term loans for financing and refinancing of fixed assets used for exporting (loan tenures up to 10 years for plant & equipment and 25 years for real estate)
SBA is available to help you market all SBA programs, including the export finance programs. You may be surprised how many of your commercial customer export their goods and services.
For more information on these and other SBA programs, contact
Leo Lopez, [email protected], (304) 347-5220 and for the export finance programs specifically, contact
Leo or Bill Houck, Export Finance Manager, [email protected], 202-557-4063.
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PROFESSIONAL DEVELOPMENT
SPOTLIGHT
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August 25 - 27, 2020 | Stonewall Resort
August 27, 2020 | Stonewall Resort
September 16, 2020 | Stonewall Resort
September 24, 2020
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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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WVBankers' self-service portal provides you a more professional and user-friendly experience. This platform allows users to view our event calendar, register and pay for events, maintain a record of enrolled/completed events, print paid invoices, print completion certificates, and manage your user profile. As this event management tool will also serve as our association database, it is important that you take a few minutes
TODAY to login and update your profile, including your role/responsibility within your organization.
Your portal sign-up is your ticket to win!
All previous portal registrants are automatically entered.
Deadline to sign-up for giveaway entry is August 4, 2020. A live drawing will be held August 6 to announce the winner. Register today through the secure link,
here.
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The Graduate School of Banking at LSU has some special offerings in store for its graduates. Because we want to make sure that WV graduates are included, please visit
https://www.gsblsu.org/alumni/ or email [email protected] to update your contact information at your earliest convenience.
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WVBankers Endorsed Partners & Associate Members: Tools, Webinars & Resources
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Question: The bank has received an application for a Paycheck Protection Program (PPP) transaction. The beneficial owner of the business is not a signor or guarantor. His ID provided is expired and he doesn't wish to provide a new copy. Is this a BSA violation if the bank does not obtain an updated ID from him?
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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