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Greetings from VACB! Summer is right around the corner and we are wrapping up our spring training and other activities. Next in our sights is our 41st Annual Convention! Planning is underway now for our program and details will be available in early summer. This year's convention will be at Hotel Roanoke, October 14 - 16.  It isn't too early to mark those dates in your calendar!
See below for details on our final spring educational offerings. We look forward to seeing you at an upcoming VACB event, but in the meantime, please call on us if we can assist you in any way. We're here to serve!
Have a great Memorial Day Holiday!
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VACB-Williams Mullen Annual Golf Tournament - A Great Day on the Green
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VACB held a great outing at Spring Creek Golf Course on May 7th. Our successful event would not have been possible without the generous support of our Associate Members.
Thank you to all of our sponsors who helped us have another successful tournament.
Lead Sponsor
Williams Mullen
Beverage Cart Sponsors
Federal Home Loan Bank of Atlanta
Vining Sparks
Boxed Lunches
Sentry Management
Thanks also to our Hole Sponsors:
AaSys Group, Baskervill, Benchmark Community Bank,
BFS Group, BSG Financial, Code Blue,
Federal Home Loan Bank of Atlanta, ICBA, ICBA Bancard, Luse Gorman, Sandler O'Neill + Partners, Performance Trust Capital Partners, Powhatan Information & Default Services, S&P Global, Sentry Management, Source4, Spotts Fain, Virginia Commonwealth Bank
Look for more details about our golf outing and our tournament winners on our website and in our Summer issue of
The Community Banker
magazine.
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VACB and Elliott Davis - Enterprise Risk Management Seminar - May 23 in Richmond
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Elliott Davis and VACB have partnered to bring a spring Risk Management Seminar to community bankers in Virginia. This six-hour program will cover topics of great interest to CFOs, COOs, Auditors, Risk Managers, BSA Officers and more. We will hold the program at The Place at Innsbrook in Richmond.
Session speakers and round table participants will include representatives from Elliott Davis, Williams Mullen, the various regulatory agencies and community bankers.
TOPICS WILL INCLUDE:
- Tips for Designing an Early Warning System for Troubled Loans and M&A Risk from a Regulatory Perspective
- Don't Miss the GAAP in Your Risk Assessment: How to Address the Impact of the New Accounting
- Banker Risk Management and IA Roundtable
- Gone Phishing - Cybersecurity Update & Presentation
Got questions? Call VACB 804-673-8250
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SBA Market Update from ICBA Securities
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ICBA Securities and its exclusively-endorsed broker dealer, Vining Sparks, will present a webinar on May 15 exclusively for the state associations that endorse ICBA Securities, as well as other community banks. This is the fourth in the 2018 webinar series.
SBA 7(a) pools offer one of the few opportunities to invest in floating-rate government-guaranteed securities without cap risk. The range of structures and prices offers a spectrum of yield opportunities based in part on investors' willingness to deal with and ability to manage premium prices. This webinar will include ways to measure and manage this premium. The webinar will also include discussions of the two major fixed-rate SBA investment alternatives, including their structures, prepayment patterns and relative value.
What you will learn:
- Recent SBA price and issuance trends
- SBA 7(a) prepayments in detail
- 2017 principal distribution methodology change impacts
- Yield versus premium tradeoff considerations
- Fixed-rate SBA issuance volume, yield, and spread trends
The webinar will last approximately 1 hour.
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VACB and St. Meyer & Hubbard Announce June 2018 Playbooks for Bank Staff
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VACB's strong partnership with St. Meyer & Hubbard continues with the latest offerings guaranteed to make your sales staff more competitive in today's dynamic bank-to-business sales environment. Read below to learn the details about the June sessions. Participation in any previous St. Meyer & Hubbard programs offered is NOT a prerequisite for these upcoming sessions.
Fear. It's the underlying reason branch managers shy away from making bank to business calls. One of the top causes of this anxiety is lack of knowledge of how businesses run and how they make money.
Business Finance Basics
employs a practical, real world simulation to enhance confidence and reduce call reluctance. Bankers also create insight-based questions to immediately connect this Playbook to real world application.
Slow down to go fast. This counter intuitive concept forms the basis of
Discovery Calls
. Keeping the client/prospect in the center of activities and conversations creates an outward looking approach to quality conversations. Using the seven basic financial needs of business as a base, this Playbook takes a deep dive into case study planning, a modern conversation model and a VIP strategy that makes mundane follow up letters a thing of the past. Complete with practical tools such as a Share of Heart profile, Discovery Call Diagnostic, Question Resource Guide and Conversation Recap,
Discovery Calls
is THE workshop for anyone making bank to business calls.
Got questions? Call VACB 804-673-8250
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Federal Reserve Bank of Richmond Webinar on Corporate Governance and Audit Best Practices
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The Federal Reserve Bank of Richmond will be hosting a webinar to discuss best practices in corporate governance and audit for community banks on
Wednesday, May 16th at 10 AM
.
Participation in the first "5th District Focus" webinar of 2018 is open to all banks and holding companies headquartered in the 5th District.
You can register for the webinar
HERE
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Register for the 2018 Lender Summit with LenderSelect Mortgage Group
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Join LenderSelect Mortgage Group June 6-8 for their annual Lender Summit. This year's free program will be held at the Hilton Richmond Hotel & Spa and includes lunch.
These annual events bring together community bank professionals and other lenders from across the nation to collaborate on ways to expand business, discuss industry-wide updates, and share impactful topics from guest speakers who are established thought leaders in our industry.
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Essentials of Banking - Who You Gonna Train?Send Us the Super Stars on your Staff - It's Not Too Late to Register Your Staff!
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Who is an up and coming star at your bank? Which staff on your team may consider banking as a career and not just a temporary job? If you have people who immediately come to mind, then they NEED this training!
VACB is again offering our Essentials of Banking program for 2018. This four-part program is ideal training for newer bank staff, with 3-5 years of experience, who would benefit from learning about banking and finance from the teller line to the board room.
Our first session will be conducted on Thursday, May 31 at the VACB Training Room in Richmond.
Click the link below to learn more about this special program designed for community bank staff.
Got questions? Call VACB 804-673-8250
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Legal Brief
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Is Marijuana "Legal" Now? The Cannabis Industry and Your Risk
As more states join the majority, regulating some form of medical or recreational marijuana, the federal government's position remains unchanged. Under federal law, it remains illegal to cultivate, process, distribute or possess marijuana. This has placed entrepreneurs, investors and service providers in a quandary. This alert provides a legal analysis and a risk assessment for participants in a new, evolving and uncharted industry.
Federal Regulation of Marijuana
All drugs must be approved by the Food and Drug Administration (FDA) if they are sold legally in the United States. The FDA will only approve a drug after the FDA's Center for Drug Evaluation and Research (CDER) determines that it provides benefits that outweigh its known and potential risks for the intended population. Certain drugs are further deemed "controlled substances" and regulated by the Drug Enforcement Administration (DEA) pursuant to the Controlled Substances Act of 1970 (CSA). The CSA divides controlled substance into five "schedules" based on the drug's abuse potential, medical applications, and safety.
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Now Until May 31 - Buy 2 Webinars, Get 1 Free
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Our webinar partner, Financial Education, the onl
 y webinar provider developed specifically with the community bank in mind, is having a webinar sale. From now until May 31, if your bank buys two webinars, they will offer another title for free. This is a great way to stretch your education dollar and train staff without leaving the bank. To learn more and select your titles, click the link below.
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Upcoming VACB Webinars - May
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UPCOMING WEBINARS
- May 10 - Finance Charges: Getting It Right!
- May 15 - Top Escrow Compliance Exam Issues, FAQs & Field Audits
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May 16 - IRA SERIES: Current IRA Issues, Including Divorce, IRS Levies, Bankruptcies & Creditor Claims
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May 22 - CONSUMER DEBT SERIES: Real Estate Loan Workouts, Deeds in Lieu, Short Sales, Foreclosures, Deficiency Judgments & Receiverships
Remember! You can purchase an archived link for a program that has already been offered!
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Got News? Share it!
Sincerely,
Virginia Association of Community Banks
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