Pub. 4 2013 Issue 2

www.wvbankers.org 4 19 16 7 We Will All Work Together We will all work together to keep our institutions safe and sound and in a position to provide our customers with the services they need in order to meet their goals and achieve their dreams. By Joe Ellison, President and CEO 8 Servicemembers Civil Relief Act: Why Compliance Is Important Two recent cases, both involving Countrywide/ Bank of America, highlight the importance of compliance with the SCRA and the penalties that can be imposed for failure to comply with the SCRA. By Angela L. Beblo and Brienne T. Marco, Spilman Thomas & Battle, PLLC 10 Cloud Computing ― What You Should Know When Considering Cloud Computing Cloud computing can provide a bank with significant opportunities through its flexibility, shorter time frame to implement solutions, lower costs and ease of entering and exiting a solution. By Chris Joseph, CPA, CISA, CRISC, CITP 16 Lack of Succession Planning Threatens the Future of Many Banks The benefits of thoughtful succession planning are many, and they go beyond finding replacements for departing management. It reduces the likelihood of crisis if a key employee leaves and keeps the mission of the bank on track. By Brian Rhonemus, Angott Search Group 19 Trolling for Dollars ― Banks Targeted in Costly Patent Infringement Cases As the banking industry increasingly relies on sophisticated technologies to deliver services and products, the need to understand the threat posed by patent infringement lawsuits takes on greater significance. By Sandra M. Murphy and Amy J. Tawney, Bowles Rice LLP 23 Practical Considerations for Dealing with OREO Properties - Part I Dealing with OREO can be challenging, time-consuming and expensive for bankers who would rather spend their time making loans, opening new deposit accounts and otherwise servicing customers. By David P. Thomas and Michael R. Proctor, Dinsmore & Stohl 24 Calendar of Events 25 Contract Negotiations and Renewals Contract negotiations are an excellent opportunity to enhance the solutions used by the bank and to control costs. Don’t waste that opportunity! By Cheryl Buntin, Senior Vice President, AaSys Group 26 Member Notes 26 Welcome New Associate Members!