OFFICIAL PUBLICATION OF THE VIRGINIA ASSOCIATION OF COMMUNITY BANKS

June 3, 2021

Female-bankers

Tailoring Your Fair Lending Program to Address Regulatory Trends and Institution-Specific Risk

Fair lending has been a focus of regulators for several years. Consequences of non-compliance can be devastating to a bank, as formal regulatory action can often bring significant fines, penalties, attract negative attention and potentially stall mergers and acquisitions. As the world around us continues to change, institutions that commit to performing data-driven fair lending reviews can expect to receive dividends from their efforts for years to come.

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risk-analysis

The Difference Between Vendor Significance and Vendor Risk

It can be tricky to separate the concepts of risk and significance when it comes to vendor management. Are they just two paths saying the same thing? Does one depend on the other? How does due diligence play into those ratings? If you have asked those questions before, or if this is your first time to see them, you have come to the right place. Let us explore this idea.

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2021 VACB / Williams Mullen — 21st Annual Bankers’ Cup Tournament

2021 VACB / Williams Mullen — 21st Annual Bankers’ Cup Tournament

As further evidence of our emergence from the COVID-19 pandemic, VACB sold out its 21st Annual Bankers’ Cup Golf Tournament on May 4 at Spring Creek Golf Club in Gordonsville. Over 100 bankers and associate members gathered for a day of fun and fellowship on the green. The mood was electric and jovial, as golfers were glad to be together in a relaxed post-pandemic environment. This year’s tournament was again co-sponsored by Williams Mullen, and 25 teams wasted no time getting to their spots for the shotgun start. While out on the fairway, players were well fed and hydrated, thanks to our supporting sponsors. Vining Sparks, an endorsed provider of ICBA, and the Federal Home Loan Bank of Atlanta graciously sponsored the beverage carts during the tournament, and Sentry Management provided boxed lunches. Many thanks also to Source4’s, Meg Forsberg, who volunteered to be an honorary VACB staffer for the event! (We appreciated your help, Meg!) As the Spring Creek golf pro tallied up tournament results to determine the winners, golfers enjoyed food and fellowship at the post-tournament reception and meal, generously provided by new VACB Associate Member ProcessMaker. William Mullen’s Scott Richter and VACB’s Steve Yeakel awarded team and contest prizes. The 21st Annual Bankers’ Cup tournament was a huge success once again, and we thank all our members for their support, both on and off the green! We could not do what we do without your help and support!

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