June 22, 2022

Financial Champions ICBA Travelers SHAZAM ICBA Securities Williams Mullen StreetShares Federal Home Loan Bank of Atlanta Franklin Madison/ Affinion Group BancCard Secure Banking Solutions Process Maker Bankers Healthcare Group, Inc. Troutman Pepper, LLP Source4 Brown Edwards & Company YHB Piper Sandler PCBB Spotts Fain, PC LenderSelect Mortgage Group Boenning & Scattergood, Inc. Flora Pettit, PC

Finally, after weeks of addressing each vulnerability in your network, you are relaxing with a sense of relief. Then suddenly, you are bombarded with reports that users are being locked out from important files and systems due to a ransomware attack. Unfortunately, you realize you overlooked the most important vulnerability — the human element.

Municipal bond investors finally have some good news regarding public pension plans after worrying about growing unfunded pension liabilities for many years. The Pew Charitable Trusts reports that aggregate state retirement systems are over 80% funded for the first time since 2008, following record investment returns for the fiscal year ending in 2021.

Earnings at U.S. community banks in aggregate are expected to dip 1% in 2022 as higher credit costs and lower fee income mitigate the benefit of net interest margin expansion.

VACB held its 22nd Annual Bankers’ Cup Golf Tournament on May 9 at Spring Creek Golf Club in Gordonsville. Over 70 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 18 teams wasted no time getting to their spots for the shotgun start. New for this year’s tournament was a tune-up, warm-up b

One of the subtle, constant pleasures in the work I do for you involves providing a brief welcome for the many education events created, organized and/or facilitated by our talented VP, Katharine Garner. In preparing a recent welcom

Where has 2022 gone? It seemed like yesterday we were together in Roanoke for the 2021 convention. At that point in time, we were celebrating the opportunity to be back in person, lamenting excess deposits and the need for more quality loan assets.