Virginia Banking September eNewsletter

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.

Through the Safe Banking for Seniors program, banks have the opportunity to educate older Americans in their community about how to bank more securely. After registering for the program, banks receive access to free presentation planning tools, lessons plans, a social media guide and press materials. Bankers can learn more about this program by visiting www.vabankers.org/safe-banking-for-seniors. This recent New York Times article spotlights the recently enacted Senior Safe Act as well as banks’ efforts to detect and prevent financial fraud targeting seniors.

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
When a large couture bridal shop in Hampton, Va., closed its doors in 2017, it was up to Old Point National Bank — the secured creditor for the business — to manage the remaining retail assets. That could have spelled disaster for the shop’s clients, but bank employees went above and beyond to make the experience a positive one. (ABA Bank Marketing)
The latest edition of "Richmond Fed at a Glance" includes features on financing growth in underserved communities, as well as news and an update on Bank President Tom Barkin's recent visit to Roanoke Valley.
What does the future hold for the plastic payment card? Will it go the way of the check — still in use, but seemingly out-of-date, as more consumers use mobile devices for transactions? Or will cards with cutting-edge technology win more loyalty from shoppers? (PYMNTS.com)
In the latest American Bankers Association Washington Update, ABA Chief Policy Officer Naomi Camper discusses the importance of encouraging new bank formation, since de novos signal optimism, opportunity and growth potential.
Digital disruption, fintech infiltration, big tech competition and new technologies like artificial intelligence seem daunting. But the most serious threat to banks may remain difficult to address because they are so deeply ingrained in almost every financial institution's culture. (The Financial Brand)
From VBA Partners
James Caliendo, president & COO of PWCampbell, provides a unique perspective about the firm’s partnership with the Virginia Bankers Association as an Associate Member and Endorsed Provider. James speaks about the many benefits of being a member of our association, including opportunities through being an Endorsed Provider, advertising opportunities, and participation in events and conferences.