Pub. 14 2023 Issue 1

For more information on WVBankers Professional Development opportunities or to register for an event, visit us at www.wvbankers.org. MARCH Law of DepositsMarch 23Four Points by Sheraton – Charleston, WVPresented by Charles Dunbar, Jackson Kelly APRIL Asset Liability Management and Investments April 26Sam Bowling Conference Center – Charleston, WVPresented by The Baker Group MAY Bank Security […]

With plaintiff attorneys seeing potential large dollar settlements and verdicts, along with increased regulatory scrutiny, banks need to review their overdraft practices. As noted by the American Bankers Association, banks resolve most customer inquiries and disputes informally, with a phone call or through digital channels. Banks are incentivized in today’s hyper-competitive marketplace to do so

Independent Correspondent Bankers’ Bank (ICBB), a correspondent bank serving community banks in Kentucky, West Virginia, Tennessee, Ohio, Indiana, and Illinois, has launched a digital content source for community bankers called The Correspondent. Hosted on their website, The Correspondent consists of blog and podcast content on community banking topics. The first podcast episode was released on

The implementation of the new expected credit loss (CECL) standard on Jan. 1, 2023, has raised questions from regulators about the need for model validation. CECL replaces the incurred loss model and affects the calculation of the allowance for credit losses (ACL). Given the complexity of this calculation, many Financial Institutions (FIs) use third-party models,

Bank balance sheets were adversely affected in multiple ways by the speed and magnitude of the rising rate environment in 2022. Most noticeable was the effect on investment portfolios which experienced significant depreciation in market value, some to the point where capital became severely stressed and liquidity access was restricted. The problems had nothing to

To find out how bankers will confront challenges associated with a changing technology landscape, digital acceleration, cybersecurity, regulatory changes and more, CSI surveyed banking executives from across the nation about their strategies and priorities for 2023. The results of this annual survey are outlined in an interactive executive report and reflect both familiar challenges and

Bankers aren’t exactly thrilled with the current proposal to reform the Community Reinvestment Act. They’ve publicly criticized much of it, from the examinations that would likely become more stringent; to online lending changes that could harm low- and moderate-income communities; to the timeline for finalizing and implementing the rule. Trade groups have even warned about

Money laundering has posed a substantial threat to the U.S. economy for decades and financial institutions have served as a front line of defense under anti-money laundering regulations such as the Customer Due Diligence Requirements for Financial Institutions rule (the “CDD”) issued by U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). Banks are all too

What do you really know about your bank’s data? Specifically, do you know how well it’s protected? Where it’s housed? And who has access to it? When your bank collects data from customers – whether it’s as simple as name and address or more complex financial information – you need proper security measures to protect

Measuring capital value can sometimes be challenged by the type of scale that is used — take the tangible capital rule that determines if a bank qualifies for Federal Home Loan Bank (FHLB) advances. Created in 1932, the FHLB system promotes its role as a source of liquidity to banks, particularly during times of economic