Virginia Banking January 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.

From the VBA

Check out our brand-new 2019 Education & Training Programs brochure! This brochure contains information on VBA Education & Training offerings and engagement opportunities by job function. More information on each item can be found at www.vabankers.org or by calling any member of the Education & Training team. Click here to view the brochure.

Also new for 2019, a reformatted Weekly Webinar Update organized by job function! Not receiving this weekly email? VBA members can manage their subscriptions here.

What is missing? Call us with your training needs! We can develop custom programming. We look forward to serving you in 2019!

Most Reciprocal Deposits No longer Brokered.
Promontory Interfinancial Network
Recently passed legislation—the Economic Growth, Regulatory Relief, and Consumer Protection Act—makes most reciprocal deposits no longer brokered. This means more deposits in local banks that can be used for local lending, bank growth, and community prosperity.
Learn more
Bankers On The Move & Recent Promotions

Carter Bank & Trust
Loran Adams – Executive Vice President

F&M Bank
Greg Berkshire – Senior Vice President
J.T. Bishop – Senior Vice President, Market Leader
Mary Campbell – Banking Officer
Jordan Dean – Banking Officer
Keith Deeds – Vice President
Melody Emswiler – Senior Vice President
Joe Erickson – Assistant Vice President
Aaron Green – Senior Vice President, Market Leader
Chris Gunter – Vice President
Ashley Lam – Banking Officer
Cathy Lindamood – Vice President
Yvette McCoy – Banking Officer
Kate Pascarella – Senior Vice President
Jonah Pence – Senior Vice President, Market Leader
Sarah Prusak – Assistant Vice President
Karen Rose – Senior Vice President
Angela Smith – Banking Officer
Krista Suter – Senior Vice President, Senior Risk Officer
Holly Thorne – Vice President

First Bank & Trust Co.
Jack D. Knott – Senior Vice President

First Bank, Virginia
Robert Watts Jr. – Senior Vice President

Virginia Commonwealth Bank
Kylie Bransford – Senior Vice President
Steve Wright – Senior Vice President, Chief Information Officer

Delta Dental of Virginia
Computer Services Inc
Industry News & Trends
When wearables become implants used for real-time payments, will banks still be consumers' primary financial institution? The answer depends on how well an institution responds now to three challenges disrupting traditional banking providers. (The Financial Brand)
In contracting labor markets, financial services leaders tend to emphasize retention because the pool of available talent has diminished. Yet employees may feel like exploring the added opportunities to change employers or careers since many companies need to fill vacancies. To best retain top talent, financial services leaders need to consider various factors. (BAI)
In the latest American Bankers Association Washington Update, ABA President and CEO Rob Nichols discusses the fresh challenges coming in 2019 and topics he thinks are ripe for bipartisan action.
The International Consumer Electronics Show, the annual conference and trade show better (and officially) known as CES, is taking place in Las Vegas this week. Since CES helps set the payments and commerce agenda for the coming year, here's a glimpse of what’s coming. (PYMNTS.com)
It’s not often that a year is riven with so many momentous economic changes, but 2018 was full of them: a large increase in government spending, low unemployment levels not seen in decades, trade conflicts, interest rate uncertainty and recession fears. Here’s a look at what 2019 inherited from 2018 and the issues to watch for as we start the new year. (Marketplace)
From VBA Partners
The beginning of a new year always brings to mind change. A change to improve upon the not so good and change to improve upon the good to make it better. The top resolutions at the start of most new years tend to relate to health, finances and losing weight. While many people are making the commitment to refocus their attention to their finances, it would serve banks well to do the same, writes James Caliendo, president & COO of VBA Endorsed Provider PWCampbell.
Technology is making payments faster, easier and more secure. Better yet, the user experience—the experience of your customer—continues to improve as bold & innovative solutions gain traction in the marketplace. Here, VBA Endorsed Provider TSYS shares some of the new developments which are likely to become more visible to you and your customers in 2019.