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Welcome WVBankers 2020-2021 Executive Officers!
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George Ford
CHAIRMAN
The Grant County Bank
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Jim King
Vice Chairman
Bank of Monroe
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Chad Mildren
Chair-Elect
United Bank, Inc.
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Michael Nelson
Past Chairman
Pleasants County Bank
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2021 West Virginia Bank Directory Questionnaire
The West Virginia Bankers Association has again retained BLR - Business & Legal Resources, a division of Simplify Compliance LLC ("BLR") to produce the 2021 West Virginia Bank Directory. BLR of Brentwood, Tennessee has an excellent reputation in directory publishing throughout the United States. We are confident our partnership with them will result in a high quality bank directory.
We collected information from your bank last year, and we are sending that information for you to update for the 2021 directory. Receipt of your bank's information is essential to a successful publication. Forms will start being sent on August 19, 2020.
Please note the deadline is September 23, 2020 to return your form to the publisher. Thank you for your prompt attention to this matter. If you have any questions regarding the questionnaire or the 2021 Directory, please contact Rhonda Rankin at [email protected] or 800-274-6774, ext. 8081 or Shannon Kessler, [email protected] or (304) 343-8838.
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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 began in July and will run through December. Recordings will be provided for past sessions.
We hope you will join us live for the hour-long sessions. Upcoming speakers and topics include:
October 2 (BONUS SESSION): Moderated by Rob Nichols, ABA - Panelists:
OCC Comptroller Brian Brooks; FDIC Chairman Jelena McWilliams;
Federal Reserve Governor Michelle Bowman | Regulator Panel
Past recorded sessions included with current registration: - July 10 - Jim Vandei, Axios "Current Events Impacting Banking (COVID-19, Political, Social)"
- August 14 - Tom Barkin, Federal Reserve Bank of Richmond; Patrick Harker, Federal Reserve Bank of Philadelphia "Economic Update"
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Please Join SCBA and WVBankers for a virtual interactive conference.
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September 2, 2020 | 2:00 - 4:00 p.m. EDT
Virtual Interactive Conference will include a live Q&A session.
Presenter: Brian Leibfried, Managing Director and Clients Insights & Analytics Team Leader, Performance Trust
WHO SHOULD ATTEND?
CEO, President, CFO, Chief Risk Officer, Strategy Officer, Senior Management
ANYONE IN BANKING WHO IS INVOLVED IN RISK OR STRATEGY!
Unprecedented market volatility resulting from the coronavirus pandemic is reshaping the world of community banking. In this New Normal, where pervasively low interest rates challenge the core business model of community franchises, banking itself now faces a problem on multiple fronts-And the problem may be bigger than industry experts are willing to acknowledge.
Join us as we quantify the three specific threats now facing community depositories, new regulatory considerations, and ultimately provide a solution to move us forward in this lower interest rate and potentially credit impaired environment. Registration $275 per Bank Member, for more information visit the Conference homepage.
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PROFESSIONAL DEVELOPMENT
SPOTLIGHT
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August 25 - 27, 2020 | Virtual
August 27, 2020 | Virtual September 16, 2020 | Virtual
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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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West Virginia Bankers: Ask The Senate To Modernize Brokered Deposit Rules
It's been 30 years since today's brokered deposit rules were first enacted. Since then, the banking industry has undergone significant technological and other changes, resulting in brokered deposit rules that are out of sync with the modern banking environment.
Ask your senator to modernize the 30-year-old brokered deposit rules. Specifically, replace Section 29 of the Federal Deposit Insurance Act so that healthy banks are not penalized for using modern bank funding mechanisms. ACT NOW!
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West Virginia Bankers: Urge the Senate to Simplify Forgiveness for PPP Loans $150K and Under
Since April 3, bankers across the country have assisted small businesses in their communities by providing loans through the Small Business Administration's Paycheck Protection Program. To date, small businesses have received over 4.8 million loans through the program. As the Paycheck Protection Program enters the forgiveness phase, the process should be easy, simple and less technical for small business owners who borrowed $150k or less, which account for 86% of all PPP loans.
Click on the link below to contact Senator Manchin and Senator Capito to support legislation to expedite the forgiveness process for most borrowers who received loans through the PPP. ACT NOW!
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Urge the House to Pass Legislation to Forgive PPP Loans of $150,000 and Under
The House recently introduced legislation to simplify the forgiveness process for PPP loans of $150,000 and under by having borrowers sign a simple form saying the funds were used according to the PPP loan requirements. You've already contacted your senators encouraging them to pass similar legislation. Now it's time to ask your representative to quickly pass a bill to make the PPP forgiveness process simple and less technical for small business owners.
Contact your representative and ask him or her to ease the burden on small businesses and pass legislation to forgive PPP loans of $150,000 or less. ACT NOW!
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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 September 6, 2020. A live drawing will be held September 8 to announce the winner. Register today through the secure link, here. |
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Q: We have a husband and wife who are opening a new joint checking account with our institution. The husband has had an individual account with us for a while, but the wife has never had an account with us. Can we still use the Regulation CC new account exception hold for deposits into the account? 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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