Pub. 7 2018 Issue 3

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 service 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. 7 16 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 7 President’s Message 8 CECL: It Impacts ALLL of Your Bank 12 NeverEnding Patches 14 3-2-1... We Have Contactless! 16 Expiring Individual Taxpayer Identification Numbers (ITINs) 20 Thank You, VACB Convention Sponsors 8 14