Pub. 10 2019 Issue 3

www.wvbankers.org 4 West Virginia Banker 24 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. 6 ©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 who 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. 6 A Message from the Chief Executive: CRA Partners: Meaningful CRA Credit Might Be Closer Than You Think By Sally Cline 8 Meet Your Chairman – F. Michael Nelson, CEO, Pleasants County Bank 10 Don’t Just Check the Box: Audit By Trista Cline, Arnett Carbis Toothman, LLP 14 Build It or Buy It: How Best to Start a New Bank Today By Neil E. Grayson, B.T. Atkinson, and Randall L. Saunders, Nelson Mullins Riley & Scarborough LLP 18 Time to Act on Banking Cannabis By Loren C. Allen, WVBankers General Counsel and Director of Government Relations 20 Shareholder Liquidity: Strategies for Community Banks By Sandra M. Murphy and Amy J. Tawney, Bowles Rice, LLP 22 WV Legislature Amends Consumer Protection Statute to Regulate and Impose Restrictions on Litigation Financiers By Nicholas P. Mooney II, Spilman Thomas & Battle, PLLC 24 2019 WVBA Convention 27 Regulatory Priorities in 2019 By Dale Sheller, The Baker Group 30 Calendar of Events