Pub. 8 2019 Issue 1

C O N T E N T S ©2019VirginiaAssociationofCommunityBanks |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. 10 22 VACB EXECUTIVE COMMITTEE CHAIRMAN Brian K. Plum Blue Ridge Bank Luray CHAIR-ELECT Lloyd B. Harrison, III Virginia Partners Bank Fredericksburg VICE CHAIR William G. Foster Village Bank Midlothian PRESIDENT & CEO Steven C. Yeakel, CAE VACB Richmond IMMEDIATE PAST CHAIRMAN G. Lyn Hayth, III The Bank of Botetourt Buchanan ICBA VIRGINIA DELEGATE Jeff W. Dick MainStreet Bank Fairfax VACB DIRECTORS 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 Mark C. Hanna F&M 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 CLASS OF 2021 Douglas F. Jenkins, Jr. Virginia Commonwealth Bank Richmond VACB STAFF Katharine C. Garner, CMP Vice President Education & Communications Kelli C. Mallinger Director Member Services 14 20 6 Chairman’s Message 7 President’s Message 8 Trends in Focus: Holding Company Restructuring and Competition for Core Deposits Are Two of Numerous Issues that Will Impact the Banking Industry in the Year Ahead 10 Sometimes the Most Important Things Get the Least Attention 14 Cash Whiplash: Changing Interest Rates Can Create Volatile Cash Flow 16 Getting to Know: VACB’s 2018 Rising Star – Carolyn Kline, Virginia Partners Bank 20 Five Common Security Mistakes to Avoid 22 Designing Your Renewal Game Plan