Pub. 3 2012 Issue 2

www.wvbankers.org 4 17 10 7 The Challenge to Be the Best Never Ends All of you work hard every day to make your institutions better and to improve the lives of the people you come in contact with. I salute you today and thank you for making me proud to represent our industry. By Joe Ellison, President and CEO 8 Don’t Step in a Hole Before one begins to think that managing a portfolio in today’s environment has become a “doomed if I do, doomed if I don’t” proposition, it hasn’t. As it is with many endeavors, successful results can be achieved if the chosen course of action is able to strike a proper balance. By Lester Murray, Sr. Vice-President/Financial Strategies Group, The Baker Group 10 Why Do You Have Safe Deposit Box Procedures? Proper procedures can help jog an honest customer’s memory, preventing a problem, as well as protect the bank against dishonest customers claiming something is missing. By Charles M. Towle, Senior Vice President, Kansas Bankers Surety Company 12 Estate Tax Planning Opportunities Going Away December 31, 2012 The 2010 Tax Act contains significant changes to our tax laws including the areas of income, capital gains, gift, estate and payroll taxes. This article is delimited to gift and estate taxes. By Chuck Smith, CPA, Founding Member, Smith Cochran & Hicks, PLLC 17 Wellness: Is It a Fad or the Answer to Controlling Employee Benefits Costs? 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 Geoff Christian, Senior Vice President, Commercial Insurance Services 19 Has Your Bank Become “Publicly Traded” Without Your Knowledge? 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 Sandra M. Murphy and Lynn S. Clarke, Bowles Rice McDavid Graff & Love LLP 22 Key Provisions of the JOBS Act Depending on your bank’s strategic plan, the JOBS Act may allow for greater ease in entering the capital markets or on the flip side, it may result in reduced regulatory costs by providing you a path for terminating your existing registration. By Christopher S. Nice, CPA, CISA, Member Arnett & Foster, P.L.L.C. 26 Calendar of Events 26 Member Notes