Pub. 3 2012 Issue 1

www.wvbankers.org 6 20 17 4 Servicemembers Civil Relief Act: What It Is and Why Compliance Is Important Financial obligations servicemembers incur as private citizens prior to their service can cause them significant hardship while serving tours of active duty. The Servicemembers Civil Relief Act (“SCRA”) provides relief to these servicemembers so they may “devote their entire energy to the defense needs of the Nation.” By Angela L. Beblo, Patrick R. Barry, and Brienne T. Marco, Spilman Thomas & Battle, PLLC 7 Advocacy – It’s What We Do We must be proactive, helpful sources of factual information and tell the real story of how West Virginia banks operate and serve as the economic engines in their communities. By Joe Ellison, President and CEO 8 New Bankruptcy Proof of Claim Rules Take Effect Creditors should become familiar with the new proof of claim rules and forms. Particular attention should be given to filing claims which are secured by residential mortgages due to the requirements of additional information and the use of a new supporting attachment. By Michael R. Proctor, Attorney at Law, Dinsmore & Shohl LLP 10 Watch Your Liability It is always important for the bank to limit its legal liability whenever possible. There is no reason for any bank to obligate itself for anything which can and should be avoided. By Donald M. Towle, President, Kansas Bankers Surety Company 12 A Lender’s “Unclean Hands” Voids the Enforceability of a Forbearance Agreement Lenders should follow customary practice and act in good faith in enforcing the provisions of credit agreements. By Julia A. Chincheck, Bowles Rice 17 Credit Scores and the Perfect Storm – Part 2 If your bank is using credit scores in credit, deposit, or employment decisions, review your processes for compliance with risk based pricing and adverse action disclosures. By Richard C. Donovan, CPA CRCM CTP 19 Why Banking School? Banks and their employees face numerous challenges, such as increased competition and the economy. A key to overcoming these challenges and distinguishing the abilities of the financial institution is an educated workforce. By Donna Atkinson, Director of Education 20 Utilization of Webmail – Risks and Controls Accessing and using webmail as a service present a number of risks to a bank that must be considered while conducting the bank’s risk assessment. By Chris Joseph, CPA, CISA 23 Calendar of Events 25 Member Notes 26 Community Bankers’ Bank Celebrating 25 years