News for Virginia's Hometown Banks | | | |
Fore the Love of Community Banks: 25th Annual Bankers Cup Wrap-Up
VACB celebrated a major milestone in hosting the 25th annual Bankers Cup Golf Tournament at the beautiful Spring Creek Golf Club on Monday, May 19, 2025. With sunny skies and perfect playing conditions, more than 60 golfers came together for a day of camaraderie, competition, and commitment to Virginia’s community banking industry.
This year’s tournament was made possible by the generous support of our sponsors, whose contributions support VACB’s advocacy efforts on behalf of our members. We extend our heartfelt thanks to all who sponsored, played, volunteered, and helped make the silver anniversary of the Bankers Cup a great success.
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Top Teams
Competition was fierce among the teams with bragging rights on the line. The two top teams finished at -17 on the day, forcing a scorecard tiebreaker. Congratulations to our top finishers:
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2025 Bankers Cup Champions
The Bank of Charlotte County (-17)
Scott Martin, Scott Woody, Derek Mason, William Elliott
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2025 Bankers Cup Runners-Up
Virginia National Bank (-17)
John Dane, Parker Shama, Tim Stasia, Jacek Wolicki
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2025 Bankers Cup Third Place
Pendleton Community Bank (-13)
Sage Massie, Josh Edmunds, Caleb Schlabach
Contest Winners
The tournament featured individual contests on the course, where a few players stood out with exceptional skill and distance:
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Sage Massie
Pendleton Community Bank
Women's Long Drive & Women's Closest to the Pin
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Jacek Wolicki
Virginia National Bank
Men's Long Drive
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Corey Connors
VACB
Men's Closest to the Pin
| | Thank you once again to everyone who joined us for a memorable day at Spring Creek. Please enjoy some more photos below from a wonderful day on the course. We look forward to seeing everyone again for the 26th annual VACB/Williams Mullen Bankers Cup in 2026! | | |
Virginia’s Community Bankers Deliver a Strong Message on Capitol Hill
Last week, nearly two dozen Virginia community bankers joined with 500+ peers from across the country to participate in ICBA’s 2025 Capital Summit in Washington, D.C. Our delegation once again proudly stood united in delivering a powerful message to policymakers: community banks are essential to the well-being of the communities we serve.
On Wednesday, May 14th, community bankers met with members of Virginia’s congressional delegation to advocate for the industry’s top legislative priorities. Discussions focused on a range of timely issues, including: the CFPB’s burdensome 1071 rule, legislation that would establish a regulatory framework for stablecoin, the advancement of ICBA-backed tax provisions within the “One, Big, Beautiful Bill” package, and the urgent need to reevaluate the tax exemption for credit unions with more than $1 billion in assets. Advocates also addressed agricultural lending, rural development policy, and the growing compliance challenges facing community banks.
Special guests at the Summit included House Financial Services Committee Chairman French Hill and Deputy Treasury Secretary Michael Faulkender, both of whom reinforced the importance of community banking and echoed support for our priorities. As Rep. Byron Donalds said during his remarks, “Community banks are the lifeblood of their communities and shouldn’t be burdened with the same regulatory requirements required for the largest banks.”
| | VACB bankers meet with Rep. John McGuire to discuss regulatory relief and small business lending (May 14, 2025) | | |
Sen. Tim Kaine welcomes Virginia community bankers during the 2025 Capital Summit.
(May 14, 2025)
VACB is proud to strengthen your voice in Richmond and Washington, and we are grateful for your continued engagement in advancing our mission of undiluted advocacy.
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Melrose Plaza's Latest Addition: Bank of Botetourt Opens with Focus on Community Services
"More changes are coming to Melrose Plaza in Northwest Roanoke, with Bank of Botetourt opening its first Roanoke City branch in Roanoke City.
A grand opening celebration is happening today, and there will be a ribbon-cutting ceremony at noon.
'Just making it very accessible for the community. With the market coming here and a bank, a full-service bank, we want this community to know that we are here to serve,' said Community Development Officer Rita Joyce with Bank of Botetourt.
The bank provides free services without overdraft fees, specifically designed to serve Northwest community members."
To read the full article from WSLS News (05/09/2025) click HERE
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Newport News Police Warn Residents of In-Person Scam Involving Bank Accounts
"The Newport News Police Department is advising citizens of an in-person scam involving cellular devices and bank accounts.
Police said the suspects will usually be in a vehicle and approach residents about issues with their bank account. The suspect will claim to be locked out of their account and ask to have funds transferred.
During the interaction, they request the victim’s phone to conduct the transfer. Once in possession of the phone, the suspect manipulates the victim’s bank accounts, causing a loss of funds."
To read the full article from 10 WAVY TV (05/17/2025) click HERE
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Report Warns of Deep Hit to Virginia’s Economy, Citing Federal Government Cuts
"One in seven jobs in Virginia is directly or indirectly linked to the federal government. Cuts to the federal workforce and government spending will mean a significant hit to Virginia’s economy this year, according a new economic forecast.
The University of Virginia’s Weldon Cooper Center for Public Service forecasts Virginia will lose 32,000 jobs this year because of federal government cuts, economic output will slow and the unemployment rate will rise to 3.9% this year and as high as 4.7% in 2026."
To read the full article from WTOP News (05/12/2025) click HERE
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Virginia Gubernatorial Hopefuls Share Their Housing Ideas as Commonwealth Struggles with Supply
"Virginia’s housing problems, like the nation’s, date back to the 2008 financial crisis. The influx of homes created a bubble that burst and saw foreclosures at record rates. Developers have been reluctant to ramp up home construction ever since.
Only now is the U.S. starting to reach pre-2008 levels of new construction for privately owned housing. Virginia is smack dab in the middle of the national average for such new construction, according to real estate industry trackers Construction Coverage. Their lead data analyst Michael Stromberg said incentives to build lean towards new luxury homes."
To read the full article from WVTF (05/15/2025) click HERE
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“It Changes Everything”: Citizens Warn of Data Center Impacts in Rural Virginia
"What started as a community conversation quickly turned into a passionate call to action.
On Saturday afternoon, May 10th, Warren County residents met at the Warren County Community Center to hear firsthand how data centers—the massive, windowless facilities that power cloud computing and artificial intelligence—are reshaping rural Virginia. For many in the room, it was the first time they had heard the full scope of the issue.
Their host was local resident Aiden Miller, who’s lived in Front Royal for a decade. 'This event came out of the growing buzz around data centers — not just in Warren County, but all across Virginia,' Miller said. 'I wanted to get everyone in the room to talk openly about what’s really happening.'"
To read the full article from the Royal Examiner (05/10/2025) click HERE
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Virginia’s Budget Surplus Grows as Revenues Beat Expectations Despite National Slowdown
"Virginia’s general fund revenues rose sharply in April, bucking signs of a national economic cooldown as the state continues to post steady long-time job growth and rake in more tax dollars than projected.
Gov. Glenn Youngkin announced Monday that general fund revenues are up 6.3% — nearly $1.5 billion — compared to the same 10-month period last fiscal year. April alone brought in $322.4 million more than the same month in 2024, marking an 8.8% jump. Overall, revenues are tracking 0.8% — or $211.1 million — ahead of the state’s official forecast, with two months left in the fiscal year."
To read the full article from Virginia Mercury (05/19/2025) click HERE
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Rural Communities are Keeping Virginia from Becoming an Exporter of People - That’s Where the Population Growth Is
"Virginia lies over top of an earthquake zone, something we’re occasionally reminded of.
Some of us felt the 2011 earthquake near Mineral in Louisa County that shook even the Washington Monument and damaged two schools in Louisa so severely they were closed for the rest of the school year. Others felt the much smaller earthquake that originated near Dillwyn in Buckingham County."
To read the full article from Cardinal News (05/13/2025) click HERE
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Trump Signs Resolution to Nix CFPB Overdraft Rule
Banking Dive - 05/12/2025
President Donald Trump signed a resolution Friday to overturn the Consumer Financial Protection Bureau’s final rule that would have capped, at $5, the overdraft fee that banks and credit unions with more than $10 billion...READ MORE
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2025 Risk Review
FDIC - 05/13/2025
The 2025 Risk Review provides an overview of market and credit risks to banks in 2024. The discussion of market risks covers net interest margins, liquidity, and funding. The credit risks discussed are...READ MORE
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Senior Loan Officer Opinion Survey on Bank Lending Practices
Federal Reserve - 04/2025
The April 2025 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the...READ MORE
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She’s Trump’s Pick for Banking Supervisor. Why Banks Are Cheering Her Nomination.
Barron's - 05/16/2025
Michelle Bowman, a fifth-generation community banker from Kansas and a governor of the Federal Reserve since 2018, is President Donald Trump’s pick for vice chair for supervision, a role that would give her...READ MORE
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Community Banks ‘More Vulnerable’ in OCC’s Shake Up
The Banker - 05/13/2025
A US regulator’s sweeping overhaul of how it will supervise banks, and its aim to “reduce the regulatory burden”, could backfire on smaller lenders, experts have said. The moves come as the US Treasury secretary...READ MORE (subscription required)
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Can Community Banks Keep Up With The OCC’s New Pro-Crypto Custody Rules?
Forbes - 05/19/2025
The U.S. Office of the Comptroller of the Currency (OCC) made headlines on May 7, 2025, when it issued Interpretive Letter 1184, giving federally regulated banks and savings associations the green light to custody, buy, sell, and...READ MORE
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Report Finds Credit Card Competition Act Would Harm Community Banks
Banking Exchange - 05/19/2025
A new report warns that legislation aimed at lowering credit card interchange fees could cut revenue for community banks and reduce access to credit for low-income households. The Credit Card Competition Act (CCCA)...READ MORE
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House Ways and Means Committee Preserves Credit Union Tax Exemption
Pymnts - 05/14/2025
The federal credit union tax exemption was preserved during the markup of a tax reconciliation bill in the House Ways and Means Committee.
The legislation passed the committee on a 26-19 vote...READ MORE
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CFPB Won’t Make Small Business Reporting Rule a Priority
Consumer Finance Monitor - 05/13/2025
The CFPB has announced it will not make enforcement of its rule requiring financial institutions to report their lending to women-owned, LGBTQI+-owned and minority-owned small businesses a priority. “The bureau takes this step...READ MORE
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Capital One Asks Judge to Toss Trump De-Banking Lawsuit
Banking Dive - 05/09/2025
The Palm Beach County, Florida-based Trump Organization and Eric Trump sued Capital One in March, accusing the bank of wrongfully closing some 300 accounts over “woke” beliefs and political and...READ MORE
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June 10 - Training Excellence: Train the Trainer
In today’s rapidly evolving work environments, the value of effective training is more critical than ever. For community banks, the success of your organization is fundamentally tied to the knowledge, skills, and confidence of your team members. Investing in your trainers is an asset to the entire organization.
Train the Trainer 4-Step Model includes:
- Learning Assessment - What are your bank's needs and objectives?
- Plan & Develop – What teaching techniques should we use and how do I develop the training
- Delivering Content – What is effective training? How do I create a learning environment to professionally share knowledge?
- Measure & Improve - Did the training work? What was the return on investment?
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Summer Compliance School | June 25 - 27 | Hybrid
Join VACB & Patti Joyner with Financial Solutions, Inc for our highly anticipated Summer Compliance School. Offered in person or via Zoom, you won't want to miss our 20+ CRCM hours of regulatory compliance training with our Nationally recognized compliance expert Patti Joyner!
Agenda Topics Include:
- New Compliance Landscape – Executive Orders
- Change Management
- Third Party Risk Management
- Community Reinvestment Act (CRA) Refresher
- Fair Credit Reporting Act (FCRA) – Furnisher
- Servicemembers Civil Relief Act (SCRA) | Military Lending Act (MLA)
- Fair Lending
o Disparate Impact Liability
o Marketing for Mortgages
- Virginia Consumer Protection Laws
- State Activity | MD, NC, TN, VA, WV
- Reg E: Payments & Disputes
- Who is Responsible for What in a Fraud Scenario?
- 1071 Small Business Lending Update
| See VACB's full calendar of current & upcoming events HERE. | | | | |
VACB always has a great lineup of webinar trainings for our members.
May 22 - Navigating Collection Risks & Recent Regulatory Challenges
May 27 - Military Lending Act & Servicemembers Civil Relief Act
May 28 - Internal Fraud: A Look at the Thieves from Within
May 29 - Building the Best Board Meeting: From Agenda to Action Steps
May 29 - Prepare for ISO 20022 Standard Adoption: Deadline July 14, 2025
June 2 - Advanced C&I Lending: Optimize & Expand Your Portfolio
June 3 - ACH Fundamentals & Best Practices
June 4 - Proven Steps to Successful Business Development in Any Economic Environment
June 5 - Mastercard Debit Card Chargebacks: Rules, Rights & Challenges
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ICBA Education - Ongoing Offerings
ICBA provides community bankers with premier and industry-specific education for every career stage. Our proven, comprehensive curriculum of best-in-class education is offered through multiple delivery channels to fit the needs and busy schedules of today’s community bankers.
Enter code VA-VACB at purchase or registration
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