HAPPY NEW YEAR!
WVBankers Annual Legislative Day Going Virtual for the 
2021 West Virginia Legislative Session
 
Due to ongoing risks associated with large group gatherings during the COVID-19 Pandemic, WVBankers will hold legislative day events virtually for 2021. 

We are in the process of organizing a series of virtual meetings with the WV State Senate and WV House of Delegates legislative leadership during the week of February 22, 2021. These meetings will give bankers the opportunity to speak with their elected representatives in Charleston on issues that matter most to bankers across the state and do it in a safe, socially responsible way. Stay tuned for more information on our virtual event.

PROFESSIONAL DEVELOPMENT 
SPOTLIGHT

IRA - Basic/Advanced
February 2 & 3, 2021
Virtual - Zoom
Presented by Patrice Konarik

In the IRA Basic class on Day 1, you may be thinking, I don't even know the old rules to know what the new changes are. Unfortunately, you will need to know the old and the new rules because most of the IRA rules prior to 1/1/2020 are "grandfathered". But don't worry, you will have the totally updated IRA "Red" Book Training manual with lots of "cheat sheets" to show you the "before" and "after"

In the IRA Advanced Day 2, we will summarize the changes and then actually get into the nitty gritty of new distribution regulations to owner's and beneficiaries - what stays the same and what changes? How do we disclose all these changes to our customers?
Whether you are looking to gain basic knowledge of IRAs, raise your comfort level or sharpen your skills with the most up-to-date rules and regulations, this two day format will cover everything! The newly revised full 275-page IRA Manual will be provided to you whether you attend the IRA Basics, IRA Advanced or both days. 

Each day can be attended independently but for the most comprehensive understanding of the issues, attending both days is recommended. The same book will be used for both days.

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January 2021:

January 28 & 29, 2021
Virtual

March 2021:

March 8, 2021
Four Points by Sheraton
Presented by Compliance Alliance

March 30 & 31, 2021
Virtual - Zoom
Presented by Trina McCoy
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Check Out WVBankers Distance Learning Options:
Attention Members!!!
To receive your member rate, please make sure to use the WVBankers Member Promo Code"wvbankers"

West Virginia Banker Magazine Content Submissions 
The deadline to submit articles for the Spring 2021 edition is Friday, February 12th. If you are interested in making a submission for the upcoming edition or have questions regarding editorial guidelines, please email Allison Boyd.

West Virginia Banker Magazine 'Community Corner' 
The WV Banker magazine 'Community Corner' features pictures highlighting bankers going above and beyond to support their communities.

We ask  for three to five pictures from members, including a short caption and list of who is in the photo. The deadline for Spring 2021 submissions is Friday, February 12th.
To submit photos or if you have any questions, please contact Allison Boyd.
2020 WVBankers Record Retention Manual
The 2020 update to the WVBankers Record Retention Schedule, prepared by our friends at Bowles Rice, LLP, supplies bankers with the latest information about state and federal record retention requirements for West Virginia banks. The easy to use format provides record retention information for the following business functions:
  • Administrative records
  • Correspondent banking
  • Electronic Data Processing and Internal Reports
  • Investments
  • Loans and Credit Transactions
  • Official Checks and Drafts
  • Operations
  • Personnel
  • Safe Deposit and Vault
  • Taxes
  • Time and Demand Deposits
  • Trusts
And federal retention regulations including:
  • USA Patriot Act
  • Bank Secrecy Act
  • CFPB
  • FDIC
  • The Federal Reserve
  • Treasury
  • HUD
  • SBA
  • And others

The digital WVBankers Record Retention Schedule is $175.00 and it is updated approximately every three years. Get your copy of this valuable resource today. Contact WVBankers, skessler@wvbankers.org or 304-343-8838 to order.
2021 Joint WVBankers/Ohio Bankers League Convention
SAVE THE DATE! Banking executives from two states will join together at The Greenbrier, July 25 - 27, for a Joint Convention hosted by the West Virginia Bankers Association and the Ohio Bankers League. This gathering of top executives will provide a variety of opportunities to enhance visibility with the leaders of our states' financial services industry as a sponsor, exhibitor, breakout session presenter, or simply as a registered attendee. 
 
More information on registration, sponsorships, and exhibiting to be announced soon!
   
Member News
Capon Valley Bank President Alan Brill has officially retired after 45 years with Capon Valley Bank
Becky Sands retires as Vice President & Loan Operations Manager of Citizens Bank
Tammy Belcher Named President of First Mutual Bank
Williamstown Bank helps Giving Cup brew donations for Children's Home Society
OVB presents donation to Hoops Family Children's Hospital
United Bank, Pendleton Community Bank, Fayette County National Bank: Making Christmas brighter in Fayette
Citizen's Bank of Weston offers scholarships to Lewis County seniors
Hancock County Savings Bank: Jefferson County Chamber of Commerce offers one-stop shopping
Peoples Bank donates $100K to COVID relief
City Holding Company Increases Quarterly Dividend On Common Shares
Williamstown Bank performing acts of kindness for the holidays
Bank tellers, loan officers should be in second group vaccinated, ABA says
Summit Financial Group, Inc. Completes Acquisition of WinFirst Financial Corp. and Subsidiary, WinFirst Bank
ICYMI: ABA Newsbytes
FinCEN Issues Notice on COVID-19 Vaccine Scams
FDIC Issues Advisory on Audit Relief for Banks with COVID-Bulked Balance Sheets
SBA Extends Comment Period on PPP Forms to Cover Loan Necessity Questionnaires
Free Article Examines Post-COVID Exam Expectations
Do you have news to share? Please forward your press releases and photos to Allison Boyd
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