Pub. 9 2018 Issue 3

www.wvbankers.org 4 West Virginia Banker 16 © 2018 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 The West Virginia Banker magazine was recognized with an Award of Distinction in the Overall Design Category. The Communicator Awards is the leading international creative awards program honoring creative excellence for communication professionals. Founded over two decades ago, The Communicator Awards is an annual competition honoring the best in advertising, corporate communications, public relations and identity work for print, video, interactive and audio. The 24th Annual Communicator Awards received over 6,000 entries from top ad agencies, interactive agencies, production firms, In-house creative professionals, graphic designers, design firms, and public relations firms around the world. 12 6 A Message from the President & CEO 8 Meet Your Chairman – Geoff Sheils 10 50th Anniversary - West Virginia Development Housing Fund By Erica Boggess, Executive Director, West Virginia Housing Development Fund 12 A State Owned Bank Is Not The Answer By Loren C. Allen, General Counsel/Director of Government Relations 15 A Different “Mobile” Banking By Amber Blankenship Audit Manager, Arnett, Carbis, Toothman LLP 16 OCC’s Acceptance of Fintech Applications Creates More Questions Than Answers By Amy Tawney and Elizabeth Frame, Bowles Rice LLP 19 Good News for Banks: Congress Makes Way for Reciprocal Deposits By Glenn Martin, Regional Director, Promontory Interfinan- cial Network, LLC 20 Community Banks Zap the Tech Gap By Shane Ferrell, CSI Vice President 22 Will the De Novo Wave Reach West Virginia? By BT Atkinson, Neil Grayson, and Randy Saunders, Nelson Mullins Riley & Scarborough LLP 24 Convention Photos 26 Reverse Mortgages Becoming a Bigger Part of Litigation in West Virginia By Nicholas P. Mooney, II, Spilman Thomas & Battle, PLLC 28 Asset/Liability Management Is Not a “Perfect” Game By Lester Murray, The Baker Group 30 Calendar of Events