Pub. 9 2018 Issue 4

www.wvbankers.org 4 West Virginia Banker 26 © 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. 18 6 A Message from the Chief Executive 8 Skip-a-Pay Programs: Holiday Miracle or Coal in the Stocking? By James McGuire, Compliance Alliance 1 0 Bitcoin and Other Cryptocurrencies Becoming Relevant to Secured Lenders By Michael R. Proctor, Bowles Rice, LLP 1 2 Are You Ready? How the New US Lease Standards Could Affect You By Alex S. Campbell, Arnett Carbis Toothman LLP 13 Bank Notes 14 Planning Can Improve The Health of Your Management Team By Mark Mangano, Jackson Kelly PLLC 1 6 Investment By Mike Highfield, PhD, CFA, CTP, Vice President for Curriculum 1 8 The Need for Accuracy | The Basis of Auditing By Curtis Thompson, Yount Hyde and Barbour 1 9 Why You Should Know the Difference Between Penetration Testing and Vulnerability Scans? By E. Stephen Lilly, First Community Bank 2 0 Contractual Term of Credit Cards? By Rachel Messick, Visible Equity 2 2 A Refresher on the Sale of Tax Liens in West Virginia: Part One By Debra Lee Allen, Spilman Thomas & Battle, PLLC 2 4 Impact of a Flatter Yield Curve on Liquidity & Spread By Jim Craven, Vice President, McQueen Financial Advisors 26 Halloween in the Banks 28 Re-Instated Iran Sanctions; What Do They Mean for Your Bank? By Amber Goodrich, CSI 30 Calendar of Events