Pub. 2 2011 Issue 1

spring 2011 3 22 18 4 Belated Resolutions I wonder how many of us have already failed to keep one or more of the resolutions we made two months ago. The problem with resolutions is most of us make them too hard to keep. By Joe L. Ellison, President & CEO 7 Nine Steps to the Purchase and Risk Management of BOLI BOLI can be used very effectively to cover the cost of a plan designed to attract, retain, and reward the bank’s key talent. By Melissa K. Oliverio, JD and Michael A. Oliverio, II, MBA, The Northwestern Mutual Life Insurance Company 11 Eighth Circuit Reaffirms the Importance of Accurately Listing a Debtor’s Name when Filing UCC Financing Statements In a recent decision, the Bankruptcy Appellate Panel for the Eighth Circuit Court of Appeals held that a UCC financing statement failed to properly identify the debtor and that the creditor had therefore failed to properly perfect its lien on the collateral. By Julie Chincheck and Kristin Shaffer, Bowles Rice McDavid Graff & Love LLP 16 Understanding and Addressing Risk of Merchant Capture With the growing trend in the utilization of Merchant Capture, it is important to identify and address the risks introduced with the service and the different method of delivery of customer deposit transactions. By Chris Joseph, CPA, CISA, Arnett & Foster, PLLC 18 Consumer Protection: West Virginia Debt Collection Provisions West Virginia-based financial institutions should endeavor to learn about the intricacies of the WVCCPA and, if not already in place, develop policies, procedures, and training programs to ensure they are not violating the WVCCPA when they are collecting debts from consumers in West Virginia. By Angela L. Beblo, Esq. and Patrick R. Barry, Esq., Spilman Thomas & Battle, PLLC 21 Bankers: Leading By Example You can and do improve the quality of people’s lives – through the loans that you make and the savings that you keep safe – and all the other extras such as supporting charitable activities. By Gov. Frank Keating, President and CEO American Bankers Association 22 Helping Residents Find Safe, Affordable Housing Even in these trying economic times, the West Virginia Housing Development Fund is committed to providing affordable housing to the citizens of West Virginia. By Joe Hatfield, Executive Director, WV Housing Development Fund 24 LSU Graduate School of Banking By William A. Loving, Jr., President & CEO, Pendleton Community Bank 25 Welcome Associate Members 25 Member Notes 26 Calendar of Events