Pub. 10 2019 Issue 1

www.wvbankers.org 4 West Virginia Banker 14 CONTENTS The West Virginia Banker magazine was recognized with an Award of Distinction in the Overall Design Category. The Communicator Awards is the leading international creative awards program honoring creative excellence for communication professionals. Founded over two decades ago, The Communicator Awards is an annual competition honoring the best in advertising, corporate communications, public relations and identity work for print, video, interactive and audio. The 24th Annual Communicator Awards received over 6,000 entries from top ad agencies, interactive agencies, production firms, In-house creative professionals, graphic designers, design firms, and public relations firms around the world. 12 6 A Message from the Chief Executive By Sally Cline 8 BCBank Opens Branch in Farmington, WV By James McGuire, Associate General Counsel, Compliance Alliance 10 Is Your Bank Ready for a Visit from Jesse James and the Gang? By W. Scott Evans and James W. Lane, Jr. Flaherty Sensabaugh Bonasso PLLC 12 Domain Administrators – Is This Level of Access Necessary? By Trista Cline, Arnett Carbis Toothman, LLP 14 A Refresher on the Sale of Tax Liens in West Virginia: Part Two By Debra Lee Allen, Spilman Thomas & Battle, PLLC 16 CECL Implementation Delayed for Nonpublic Business Entities By Kelly Shafer, CPA, Suttle & Stalnaker, PLLC 18 How to Accurately Conduct A Profitability Analysis By Rachel Messick, Visible Equity 22 Bank Exam Monitor By Scott Polakoff, Executive Vice President FinPro, Inc. 26 Community Banking and Marijuana Decriminalization By Terence Cawley, ABA Insurance Services 30 Calendar of Events ©2019 West Virginia Bankers Association | The newsLINK Group, LLC. All rights reserved. The West Virginia Bankers Association is published four times each year by The newsLINK Group, LLC for West Virginia Bankers Association and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the West Virginia Bankers Association, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. West Virginia Banker is a collective work and as such some articles are submitted by authors that are independent of the West Virginia Bankers Association. While the West Virginia Banker encourages a first print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at: 855.747.4003.