Pub. 7 2016 Issue 4

www.wvbankers.org 4 West Virginia Banker 6 Compliance Alliance – Give it a Try By Sally Cline, WVBA President & CEO 8 Thanks for the Memories By Donna Atkinson 9 A Declaration of Independence for IRR Review By Lester F. Murray, Associate Partner of The Baker Group LP 11 2015 Amendments to the West Virginia Consumer Credit and Protection Act May Not Apply Retroactively By Sandra Murphy and Floyd Boone, Bowles Rice LLP 13 The Financial Industry and Governments are Embracing Digital Currencies and Blockchain Technology By Nicholas P. Mooney II,Spilman, Thomas & Battle 18 Succession Planning – Beyond the Board of Directors Level By Christopher S. Nice, CPA, CISA, CGMA | Arnett Carbis Toothman llp Partner 20 Buy Low, Sell High: Spread Widening in Non-BQ Municipals By Geetika Bansal, Senior Market Strategist, Duncan Williams 22 How Banks Can Better Diversify Their Loan Portfolios By Chris Nichols, Chief Strategy Officer, CenterState Bank 24 Why Banking School? By Amanda Cunningham, Director of Education 25 Why the Impact of MMF Reform is Likely to Benefit Community Banks By Erich Buckenmaier, Promontory Interfinancial Network 28 When it Comes to Cybersecurity and Your Bank, What Do Your Customers Think? By Steve Sanders, Vice President of Internal Audit, CSI 30 Calendar of Events 30 Bank Notes BANKING SCHOOL 24 9 © 2016 West Virginia Bankers Association The newsLINK Group, LLC. All rights reserved. West Virginia Banker is published four times each year by The newsLINK Group, LLC for the West Virginia Bankers Association and is the official publication for this association. The information contained in this publication is intended to provide general information for review and consideration. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your specific circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the West Virginia Bankers Association, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or serviced advertised. West Virginia Banker is a collective work and as such some articles are submitted by authors that are independent of the West Virginia Bankers Association. While West Virginia Banker encourages a first print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at: 855-747-4003. CONTENTS