Pub. 7 2018 Issue 2

C O N T E N T S ©2018VirginiaAssociationofCommunityBanks |ThenewsLINKGroup,LLC.Allrightsreserved. TheCommunityBanker ispublished fourtimeseachyearbyThenewsLINKGroup,LLC fortheVirginiaAssociationofCommunityBanks and is the official publication for this association. The information contained in this publication is intended to provide general information for review and consideration. The contents do not constitute legal advice and should not be relied on assuch.Ifyouneed legaladviceorassistance, it isstronglyrecommended thatyoucontactanattorneyas toyourspecificcircumstances.Thestatementsandopinionsexpressed in thispublicationare thoseof the individualauthorsanddonot necessarilyrepresenttheviewsoftheVirginiaAssociationofCommunityBanks, itsboardofdirectors,orthepublisher.Likewise,theappearanceofadvertisementswithinthispublicationdoesnotconstituteanendorsementorrecommenda- tion of any product or serviced advertised. The Community Banker is a collective work and as such some articles are submitted by authors that are independent of the Virginia Association of Community Banks. While The Community Banker encourages a first print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information,pleasecontactthepublisherat:855-747-4003. 6 20 VACB EXECUTIVE COMMITTEE CHAIRMAN G. Lyn Hayth, III Bank of Botetourt Buchanan CHAIRMAN-ELECT Brian K. Plum Blue Ridge Bank Luray VICE CHAIRMAN Lloyd B. Harrison, III Virginia Partners Bank Fredericksburg PRESIDENT & CEO Steven C. Yeakel, CAE VACB Richmond IMMEDIATE PAST CHAIRMAN Alice Frazier Bank of Charles Town Charles Town ICBA VIRGINIA DELEGATE Jeff W. Dick MainStreet Bank Fairfax VACB DIRECTORS SERVICES COMMITTEE CHAIR Richard Liles Touchstone Bank McKenney CLASS OF 2019 Dabney T. P. Gilliam, Jr. The Bank of Charlotte County Phenix J. Michael Thomas Select Bank Lynchburg CLASS OF 2020 Dennis A. Dysart First Bank Strasburg Patricia A. Ferrick First Virginia Community Bank Fairfax William G. Foster Village Bank Midlothian Mark C. Hanna Farmers & Merchants Bank Timberville A. Preston Moore, Jr. Virginia Community Bank Louisa Jay A. Stafford Benchmark Community Bank Kenbridge John E. Stringer The Bank of Marion Marion VACB STAFF Katharine C. Garner, CMP Vice President Education & Communications Kelli C. Mallinger Director Member Services 6 Chairman’s Message 8 President’s Message 9 Webinar Series Offering 10 Regulatory Relief – A Critical First Step is Taken 14 Portfolio Power Barbell Structure May Be the Right Regimen 16 2018 VACB / Williams Mullen 18th Annual Bankers’ Cup Tournament 18 The Sky is (Not) Falling 20 Digital Technology: Key to Providing Profitable Small Business and Consumer Loans 21 VACB Seeks Recognition for Outstanding Community Bankers in Third Annual Awards 14 18