Pub. 12 2023 Issue 2

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Whether you were counting down the minutes until its release or hoping it would be put off as long as possible, it’s finally here — the Section 1071 Final Rule. The Final Rule caps a more than 10-year wait from the enactment of the original statute that prescribed these requirements in the 2010 Dodd-Frank Act,

Banks are facing unprecedented risk management challenges amid rapid technological and competitive changes. Federal and state authorities have recently issued guidance to address paradigm-altering shifts such as climate change, artificial intelligence (AI), cryptocurrency, digital and mobile banking, credit models, data security, and more. Financial institutions should understand how these changes could affect their operating model

I don’t know about you, but recent developments in banking have me flashing back to 2007 — when we saw large banks reap the consequences of some risky activities — and community banks were pulled into the fallout. The recent downfall of certain large banks (you know the ones I mean!) has made a big

VACB held its 23rd Annual Bankers’ Cup Golf Tournament on May 22 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 on a day that featured textbook

I think we can all agree that there has been plenty to be concerned about in the last, say, five years. Some are environmental issues, some are social and, for community bankers, plenty are economical. What gets a lot of play in the business, and even mainstream media, is our growing national debt. There’s no

As a leader and decision-maker at your bank, you know that technology is a double-edged sword. It helps you work effectively, learn more about your customers, and make better decisions. But the online world also has the potential to destroy a business you’ve worked so hard to build. We live in a digital world —

Do you remember writing term papers in college? Anybody who did a four-year tour of duty in an institution of higher learning is bound to recall being driven more by desperation than knowledge as you pulled an all-nighter to finish that paper due the next day. Knowing I needed to write this update for our

Just before Christmas last year, the ICBA announced that a change in the calendar of the U.S. House of Representatives had compelled a change in date for its 2023 Capital Summit. The Summit, held each spring in the nation’s capital, is the advocacy event of the year for the voice of community bankers in Virginia