Pub. 1 2010 Issue 1

spring 2010 4 16 11 6 Developing Workplace Social Networking Policies Social networking is evolving but likely to be a common form of communication for the foreseeable future. Given this reality, proactively developing a social networking policy is prudent risk management. By Beth Walker, Bowles Rice McDavid Graff & Love, LLP 10 Designing the Right Retirement Plan for Your Bank Retirement programs are a critical element in designing total compensation programs for today’s community banks. In a highly competitive employment market, benefits and compensation are critical tools in attracting and recruiting banking professionals. By Mark Hogan, Regional Marketing Director, Pentegra Retirement Services 16 Challenges FacingBalance SheetManagement in 2010: Keep Your Eyes on Interest Rates 2008-2009: What a ride! The banking industry experienced two tumultuous years filled with unpleasant surprises as a result of the subprime crisis; the collapse of iconic Wall Street firms; and the most serious recession in four decades. 19 WVBA Products & Services As bankers, our goal is to serve our customers in many aspects. We help them meet their current needs with home or car loans. We make their lives easier with debit cards and lines of credit. By Diane Harman, Products and Services Administrator 20 Rising Through the Ranks Since its creation, thousands of students have graduated from WVSB, better prepared to contribute to the managerial duties of their institutions. Many of these graduates continued their banking career, rising through the ranks to become presidents and CEOs of numerous West Virginia banks. By Donna Atkinson, WVBA Director of Education 22 Calendar of Events 24 Effective Risk Management While we will focus on IT, the practices, procedures and guidelines are applicable to all of the Bank’s assets, including physical plant, people, hardware & software, cash and investments. By Keith A. Morgan, CISA, CISSP, Chris Joseph, CPA, CISA