June 5, 2018

The Virginia Banking eNewsletter is a monthly supplement to Virginia Banking magazine, intended to help you stay on top of industry knowledge via current trends data and insights.

From the VBA

Volume 2 2018 of Virginia Banking has been completely redesigned and features coverage of some of VBA's key 2018 events, including the 7th Annual Financial Forecast, VBA Banker Day, a round-up of financial literacy efforts and much more. The digital edition is now available on a fully interactive platform optimized for mobile reading, meaning whether you are at your desk or on the go, Virginia Banking is easy to access and even more comfortable to read.

PWCampbell, serving banks for 108 years!
Since 1910 PWCampbell has been widely known and respected in the financial services industry as a fourth generation, family-owned retail services and design/build firm. We offer a full range of quality facility planning, demographic research, creative retail branding, merchandising, digital marketing, interior design, furniture coordination, architectural and construction services. PWCampbell’s turnkey process provides the expertise to develop and implement engaging, impactful and scalable solutions for every sized project, on time and within budget.
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Computer Services Inc
FHLBank Atlanta
Advisors vs. Brokers
Webster’s dictionary notes the distinction…Advisors (aka: consultants) are subject matter experts who provide professional services. Brokers sell property for others. We do both. At Denton Realty Company we understand the myriad of financial, property management, regulatory, relationship and creditors’ rights complexities and we advise accordingly. The strategies we develop protect collateral value and solve complicated problems.
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Industry News & Trends
Starting last month, the European Union's General Data Protection Regulation (GDPR) went into effect, possibly the biggest change ever enacted to address data privacy laws. While focused on the EU, the new rules have implications for U.S. internet users as well. (NPR)
The latest edition of "Richmond Fed at a Glance" includes an in-depth look at urban decline and recovery in Virginia, along with a report on how natural disasters impact small businesses, and an update on Richmond Fed Ambassadors' recent meetings with students.
In the latest American Bankers Association Washington Update, "New Tools to Tell the Story of America’s Banks," ABA President and CEO Rob Nichols discusses the relaunch of ABA’s "America’s Banks" website, which touts in a very visual and compelling way how banks help people and places grow.
Banks and financial institutions are investing significantly in innovations to provide a better customer experience and differentiate themselves, but new technology can come with ethical implications. (PYMNTS.com)
President Donald Trump last month signed legislation to scale back parts of the Dodd-Frank Act, calling the deregulatory move "a great day for America." Here are some of the key provisions of S. 2155, including insights from Jeff Szyperski, chairman, president and CEO of Chesapeake Bank. (NBC)
Will the future of retail branches be dominated by Amazon-style self-service digital technologies? Or will banks delivering a phenomenal experience like Starbucks win the war? (The Financial Brand)
On the latest episode of the ABA Banking Journal Podcast, Husic — the president and CEO of Centric Bank in Harrisburg, Pa. — tells stories of times she has worked proactively with entrepreneurs to identify new growth opportunities for them, whether that means buying a brewpub or opening a service business. (ABA Banking Journal)