Association Holiday Office Hours
From the staff of the West Virginia Bankers Association, may the hope and happiness of this holiday season follow you and your loved ones throughout the coming year.

The West Virginia Bankers Association office will be closed December 23, 2020 through January 1, 2021 and will reopen Monday, January 4, 2021.
WVBankers Welcomes ICI Consulting as 
Endorsed Partner

ICI Consulting serves the financial industry exclusively, enabling banks to objectively evaluate, negotiate, recommend and implement superior Core Processing solutions. ICI offers a free Core Pricing Analysis Report to any interested West Virginia Bank.

ICI provides insight on core processing systems and the ancillary solutions that integrate with them. Their goal is to assist their clients to select the best solutions at competitive prices. ICI also provides comprehensive implementation project management services, ensuring a smooth transition for clients that select a new vendor.

Greg Schratwieser
ICI Founder & CEO


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.


January 2021:

January 28, 2021
Stonewall Resort

March 2021:

March 8, 2021
Four Points by Sheraton
Presented by Elizabeth Madlem, Darlia Fogarty (Compliance Alliance)

March 30, 2021
Virtual - Zoom
Presented by Trina McCoy

Check Out WVBankers Distance Learning Options:
Attention Members!!!
To receive your member rate, please make sure to use the WVBankers Member Promo Code"wvbankers"

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, 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
Richard Adams, United Bank Chairman and CEO: Washington Business Journal 
Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. Regional Bank
ICYMI: ABA Newsbytes
SBA Issues 'Myth vs. Fact' Document on PPP
Top Regulators Discuss Potential Improvements to Bank Supervision
Senate Approves Defense Bill That Includes Critical BSA/AML Changes
CSBS: Community Banks Took on Significant Share of PPP Lending
CFPB Finalizes Changes to QM Standard, Creates 'Seasoned QM' Category
FinCEN Releases Guidance on Financial Crime Information Sharing Program
Regulators Planning Future Updates to BSA/AML Examination Manual
State Bankers Associations Call On Congress to Extend Troubled Debt Restructuring Provisions
State Bankers Associations Call On Congress to Extend Troubled Debt Restructuring Provisions - Read the Letter
SEC Finalizes Rule on Fair Value Determinations
SBA: Banks Must File 1099/1098 for CARES Act Loan Subsidies
FBI Director: Cyber Criminals Targeting Banks' Third Parties
GOP Lawmakers Push for Extension of Troubled Debt Restructuring Provisions
Do you have news to share? Please forward your press releases and photos to Allison Boyd