Pub. 1 2010 Issue 2

19 16 5 Fun and Banking Just the other day I was talking to a colleague and I asked him, “Remember when this was fun?” We both laughed and admitted that it was a distant memory, but one we remem- bered fondly. The other thing we agreed on was that although it’s hard to describe banking as ”fun” these days, we both still love what we do and the people we work for and with. By Joe L. Ellison, President & CEO 6 Beware of Tenant’s Rights Upon Foreclosure West Virginia banks may not be aware that in 2009, as part of its response to the housing crisis, Congress passed The Protecting Tenants at Foreclosure Act of 2009 (the “Act”), which protects tenants from immediate eviction upon foreclo- sure of loans secured by a lien on residential real property. By Sandra M. Murphy, Esq and Amy J. Tawney, Esq. 10 A New Era in Banking: Wealth Management Structural changes in the banking industry initiated by consumer demand and convergence of financial services have forever changed the face of community banking. In the past two and a half decades, the banking industry’s share of total U.S. household financial assets fell 44 percent to 12.4 percent, while the share of mutual funds increased 16 times to 11.4 percent. By: Barry L. Dayley, CFP®, RFC 16 Effective Risk Management During our first article, we introduced the concept of Risk Assessments focusing on the definition of risk. In this article, we begin to focus on key areas of risk and illustrate how the framework can guide you through the process of risk assessment. By Keith A. Morgan, CISA, CISSP, Chris Joseph, CPA, CISA 19 Health Care Reform: Timeline & How Does It Affect Me On March 23, 2010, President Obama signed into law the health care reform bill, the Patient Protection and Afford- able Care Act. Here is a summary of the important dates and items that will be affected. 21 Member Notes 22 Now More Than Ever... Recently, a lot has been said about Main Street versus Wall Street. As we all know, our banks are located on Main Street, not on Wall Street. Where do most consumers turn for financial advice in times of uncertainty? Fortunately for us, the answer is obvious — Main Street. If you do not currently offer investment solutions to your customers, you are missing out. By Lee A. Sauvain 26 Calendar of Events