Pub. 8 2017 Issue 4

www.wvbankers.org 4 West Virginia Banker 14 9 © 2017 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 6 President’s Message By Sally Cline, WVBA President & CEO 8 Avoiding the Pitfalls: Sound Investment Management for Community Banks By Jeffrey F. Caughron, The Baker Group 9 There Goes the Neighborhood? The Effect on Banks (and their Customers) of Sale in Bankruptcy By Julia A. Chincheck and Daniel J. Cohn , Bowles Rice LLP 12 Local Administrator Rights By Trista Cline is a Supervisor of Arnett Carbis Toothman LLP 14 Community Involvement is the Core of First Exchange Bank 16 Quarterly Bank Executive Outlook Survey Highlights By Erich Buckenmaier, Promontory Interfinancial Network 18 The “As-Is, Where-Is” Disclaimer – How Strong Is It? By Andrew J. Kalgreen, Steptoe & Johnson PLLC 20 BSA/AML Model Validation: How To Krow If Your Model Is Producing Garbage OR Gold By Rachel Klein, Yount, Hyde & Barbour 21 Social Media and the Workplace By Marquerite Irefin and Jennifer H. Gorman, Esq., ABA Insurance Services 23 Military Lending: Landmine or Goldmine By Kimberly Graves, Compliance Alliance 24 Bank Notes 26 Calendar of Events