First WVBankers Newsletter of 2021!

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.

REGISTER | LEARN MORE

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January 2021:

Commercial Lending Development Program: Session 1 & 2

January 28 & 29, 2021

Virtual

Learn More | Register

March 2021:

Compliance School (Register)

March 8, 2021

Four Points by Sheraton

Presented by Compliance Alliance

Branch Management School Series (Register)

March 30 & 31, 2021

Virtual - Zoom

Presented by Trina McCoy

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Check Out WVBankers Distance Learning Options:

Total Training Solutions Webinars

American Bankers Association Facilitated Online Courses

ProBank Austin - Courses | 2020 Education Program Schedule

Graduate School of Banking at Wisconsin - Madison

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.

Winter 2020 Issue | 2021 Media Kit

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!

Question: Bank A has a loan that is paying off a dwelling with funds from a new dwelling secured loan. The old and new loans are not secured by the same dwelling, but they are both to the same borrower. Would this be reported as a Refinance for HMDA purposes?
Learn more >

Please contact Loren Allen for more information.