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Welcome
This web site is intended to complement various forms of communication our members receive from the West Virginia Bankers Association and to provide them with direct access to many additional, useful sites. The WVBA provides three major elements to our members: advocacy, communication and education.
Filing Deadline Passes, Session Picks Up Speed
The filing deadline for candidates for public office in the 2010 election was Saturday, January 30, at midnight. Early in the week, many members of the Legislature were closely watching the Secretary of State’s website, as filings postmarked on Friday and Saturday were received and recorded.
CALL REPORT: A Review and Update 'Date Change'
March, 29, 2010
Embassy Suites, Charleston
Register Online: http://www.wvbankers.org/calendar/events.php?eventId=1934
On December 23, 2009, the regulatory agencies approved changes to the 2010 Call Report to assist in managing the current credit crisis and provide additional data needed to monitor for safety and soundness purposes. These changes, as well as changes that became effective with the June and September 2009 Call Reports, will be reviewed during this seminar. Although the class will cover a review of each schedule, the focus will be on the more complex issues.
Register Now - Annual training is highly recommended by bank regulators.
Career Opportunities/Help Wanted
Updated 2-03-10
The West Virginia Bankers Association is pleased to offer Employment Classifieds here on the WVBA website. If you’re looking to post a position or seeking a position this classified is for you.
Click here to see the newest Positions Posted
West Virginia Legislature Live
The West Virginia Legislature is now offering audio coverage of House floor sessions and some committee sessions. The webcasts are available at: http://www.legis.state.wv.us/live.cf
West Virginia Supreme Court Upholds Deed of Trust
On October 29, the West Virginia Supreme Court announced a decision favorable to banks and other secured lenders. Earlier this year, the Circuit Court of Wood County had enjoined the enforcement by Advantage Bank of a deed of trust which had been signed by a husband and wife. Only the husband signed the note, and he died. The trial court ruled that the debt was extinguished when it was not collected from the husband’s estate, so the wife owned the property free and clear of the note. Advantage Bank appealed the decision to the Supreme Court. The Supreme Court reversed the trial court decision, ruling that the note and the deed of trust were separate documents, each with its own unique purpose and each separately enforceable. As a result, foreclosure under a valid deed of trust is permissible, even though one of the signatories of the deed of trust did not sign the note.
This decision represents a significant victory for banks, for a number of reasons. For example, under Federal Reserve Regulation B, banks are prohibited from requiring that both spouses sign a promissory note, where one spouse applies and is qualified for credit. In addition, the decision avoids future issues with the enforcement of accommodation pledges of property, such as a deed of trust by an individual securing a corporate business debt. The full West Virginia Supreme Court opinion is available here.
West Virginia Bankers Disaster Preparedness Task Force
Under the direction of the WVBA Operations Committee, WVBA has formed a West Virginia Bankers Disaster Preparedness Task Force. With the threat of swine flu and other threats, the WVBDP Task Force will monitor these threats and events (primarily pandemic) and share ideas and concerns within our membership. We have divided the state into eight regions, with a representative for each region. Please follow this link for complete information.
Centers for Disease Control and Prevention
WVBA Education Advantage
The Education Calendar has been updated as of January 5th. View it now for all the educational opportunities we've added! Click on the seminar for a full brochure and registration information.
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Products and Services
Welcome Pentegra
WVBA would like to welcome Pentegra as an ABA co-endorsed vendor for retirement programs. Pentegra’s retirement plan programs offer distinct advantages for banks, including Pentegra’s unique fiduciary role, which relieves banks and their boards of primary fiduciary responsibilities associated with sponsoring a retirement plan. Please contact Mark Hogan at 513-259-9222 or e-mail Mark at MHogan@pentegra.com if you would like further information.
Banks To Aid Elderly Veterans With Crime Prevention
In a major banking industry announcement the American Bankers Association (ABA) and the Independent Community Bankers Association (ICBA) joined with the Senior Housing Crime Prevention Foundation (SHCPF), the Armed Forces Veterans Homes Foundation (AFVHF) and the National Association of State Veterans Homes (NASVH) to announce a national initiative that will help to ensure that 40,000 Veterans living in 160 State Veteran Nursing Homes in the U.S. are able to live out their lives in safe, secure enhanced quality-of-life environments free from the daily fear of crime, abuse, neglect, hostility and deprivation of personal freedom, as provided through the Senior Housing Crime Prevention Foundation’s Senior Crimestoppers program.
For more information, please contact:
Senior Housing Crime Prevention Foundation
Lori Millar
877-232-0859 Toll Free
901-523-3620 Fax
Lori.Millar@SHCPFoundation.org
Calendar
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Next Event:
ALCO Evolution - Moving from Regulatory Requirement to Integrated Profit/Risk Management
Tuesday
February 9, 2010
11:00 AM