OFFICIAL PUBLICATION OF THE WEST VIRGINIA BANKERS ASSOCIATION

Pub. 15 2024 Issue 3

Words of Wisdom — Investing for the Next Rate Cycle

Words of Wisdom — Investing for the Next Rate Cycle

The last several years have been nothing but an ever-changing, dynamic environment for financial institutions to operate in. First, the pandemic induced the recession of 2020, followed by historic low interest rates across the entire yield curve. Second, the historically low-interest environment quickly turned into the most aggressive tightening cycle from the Fed since the […]

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Be Proactive and Limit Asset Misappropriation Schemes

Be Proactive and Limit Asset Misappropriation Schemes

Learn How Your Organization Can Help Protect Against the Risk of Internal Fraud The Association of Certified Fraud Examiners’ (ACFE) 2024 Report to the Nations1 highlights the trends observed in occupational fraud, which includes asset misappropriation, financial statement fraud and corruption. According to the report, the most common scheme is asset misappropriation, defined as “a

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Audit Stress? Lessen Annual Audit Anxiety with a 3(16) Fiduciary

Audit Stress? Lessen Annual Audit Anxiety with a 3(16) Fiduciary

The Department of Labor (DOL) requires retirement plans with at least 100 eligible plan participants to submit an audit report with their annual Form 5500 return. As you might expect, any audit — even if it’s a routine review — can create anxiety for a plan sponsor. Working with an experienced 3(16) fiduciary can help

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The End of Chevron Deference and Its Impact on the Banking Industry

The End of Chevron Deference and Its Impact on the Banking Industry

Although the actual long-term impact of the overruling of Chevron deference will likely be determined through years of litigation, the initial impact on the banking industry is potentially mixed. On the one hand, the banking industry will have a greater likelihood of success when challenging regulatory agency decisions. Banking regulators will need to be more

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Amid the Hype, Is AI Right for Your Bank?

Amid the Hype, Is AI Right for Your Bank?

Is your bank ready to navigate the rapidly evolving world of artificial intelligence (AI)? AI is transforming industries worldwide, and banking is no exception. As AI technologies become more sophisticated, banks have unprecedented opportunities to enhance operations, improve customer experiences and stay ahead of the competition. However, amid the hype, it is crucial to approach

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Utilizing the Corporate Fiduciary

Utilizing the Corporate Fiduciary

Using a corporate fiduciary is a win for all involved, saving money, time and headache in the sundries of estate and trust administration. When drafting trust documents, selecting a trustee can be a challenge when picking between family members and trusted family friends or professionals. It is a heavy responsibility many do not understand, nor

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Meet Your Chairman Travis G. Delaplain, CPA, FNB Bank

Meet Your Chairman Travis G. Delaplain, CPA

FNB Bank

The West Virginia Banker’s Association is proud to introduce the 2024-2025 WVBankers chairman, Travis G. Delaplain. Travis is currently the President and CEO of FNB Bank. With years of thoughtful leadership, a steady demeanor and extensive banking experience, Travis is perfectly suited to lead the Association forward this year. We recently had the opportunity to

Meet Your Chairman Travis G. Delaplain, CPA

FNB Bank

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President’s Message: West Virginia’s Banking Culture is a Competitive Advantage

The banking franchise model is under relentless assault from multiple directions. Banks face a regulatory tsunami at the federal level, initiatives to direct and restrict banks at the state level, and competition from untaxed and unregulated competitors. Meeting these challenges as an individual bank is a Herculean task at the very least. Banks in West

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