Pub. 5 2014 Issue 2

www.wvbankers.org 4 West Virginia Banker 16 8 6 Thank You Members for Convention Support As I write this, we are in high gear preparing for our 121st Annual Convention. By Joe Ellison, President & CEO 8 Strategic Bond Swaps: Optimizing Risk and Reward in Investments Prudent management of a community bank investment portfolio requires an approach that starts with strategic analysis of the balance sheet, and then moves to tactical decision-making. By Jeffrey F. Caughron, Associate Partner, The Baker Group LP 12 The Small Servicer Exemption to the Consumer Financial Protection Bureau’s Mortgage Servicing Rules This year ushered in new mortgage servicing rules promulgated by the Consumer Financial Protection Bureau (“Bureau”). By Debra Hovatter, Spilman, Thomas & Battle, PLLC 16 Making Good With Public Unit Deposits For financial institutions, accepting state and municipal deposits can be an affordable way to increase liquidity, restore capital investment and participate in the communities they serve. By Vince Moye, Business Development Manager, FHLBank Pittsburgh 19 New Vendor Management Regulatory Guidance May Help Banks Negotiating Contracts The issue of vendor oversight is not new to the banking industry. By Sandra M. Murphy & Amy J. Tawney, Bowles Rice LLP 22 Task Force on Governmentally-Mandated Standby Letters of Credit The State of West Virginia, like other government agencies, allows standby letters of credit to be used to support certain obligations. By Jacob Manning, Dinsmore & Shohl LLP 24 Compliance Alliance: Integrated Mortgage Disclosures Remember back in 2012 when the CFPB proposed the “Integrated Mortgage Disclosures”? This rule requiring the Know-before–you- Owe disclosures was touted by many as the perfect marriage of TILA and RESPA. 26 Live Seminars & Schools