Virginia Banking March 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

Our 2019 VBA Committee Chairs are featured in Volume 1 of Virginia Banking magazine. Check out this latest issue to learn more about the committee chairs’ goals for this year and some other fast facts about this dedicated group of bankers.

The purpose of the fifteen VBA committees is to provide input on matters affecting the banking industry and the committees' functional areas of banking; provide input to VBA’s professional development team on training needs, often resulting in VBA workshops, seminars, etc.; provide a forum for the exchange of ideas and for networking that will benefit each committee member and his/her bank; and identify possible legislative and/or regulatory issues on which the VBA should focus as the banking industry’s advocate.

Interested in learning how you can get involved? You can learn more about our committees here.

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

Benchmark Community Bank
Gregg Gordon – Board of Directors 

Bank of Botetourt
Amie A. Chernault – Assistant Vice President, Market Manager
Sheila W. Feltis – Retail Officer and Human Resources Assistant
Annette B. Lane – Accounting Officer and Executive Assistant, Recording Secretary of the Board of Directors
Stephanie N. McCoy – Assistant Vice President, Loan Operations Officer
Robin H. Moore – Assistant Vice President, Branch Manager
Marla H. Rock – Collections Officer
Jerrica Seay – Deposit Operations Officer
Tammy Talbott – Vice President, Loan Officer and Portfolio Manager
Marcus T. Wade – Assistant Vice President, Branch Manager

C&F Bank
Deborah Hall – Senior Vice President, Director of Credit Administration
Ellen Kurek – Senior Vice President, Director of Credit Services
Rodney Overby – Executive Vice President, Chief Information Officer
Mary-Jo Rawson – Senior Vice President, Controller and Secretary
Tony Seaman – Executive Vice President, Chief Credit Officer
Maria Sullivan – Senior Vice President, Chief Human Resources Officer

First Bank & Trust Company
Andy Puckett – Vice President

Old Point National Bank
Thomas Hotchkiss – Executive Vice President, Chief Credit Officer

Pendleton Community Bank
Tim Cash – Vice President, Business Development
Jonah Pence – Senior Vice President, Virginia Area Executive
Dan Withers – Senior Vice President, Virginia Area Executive

Pinnacle Financial Partners
Terry Boynton – Office Leader, Small Business and Retail

George Sheflett, Jr. – Executive Vice President, Chief Operating Officer and Chief Information Officer

Delta Dental of Virginia
Computer Services Inc
Industry News & Trends
With bipartisan support, legislation that passed through the General Assembly and is on its way to the Governor to be signed may help protect elderly residents and other vulnerable adults against financial exploitation by giving financial institutions more tools to help prevent this crime. (Alexandria Gazette)
The latest edition of "Richmond Fed at a Glance" includes an update on the recent Federal Reserve’s Teacher Town Hall, a brief history of building and loan associations, and a survey of small businesses, as well as a discussion on economic growth with Tom Barkin, president of the Richmond Fed.
People don’t like ads and marketing, but they do like learning from experts and getting answers to questions. You can earn the right to sell your products and services by offering them something of value. Unfortunately, most banks view financial literacy content as "nice to have" but not essential. (The Financial Brand)
In the latest American Bankers Association Washington Update, ABA President and CEO Rob Nichols discusses the importance for ABA—and the banking industry—to enhance their own approach to diversity and inclusion.
From VBA Partners
Although the stock markets have been somewhat tumultuous recently, the news on the economy has been generally positive, including the banking outlook, according to the most recent survey from VBA Endorsed Provider Promontory Interfinancial Network.
VBA Endorsed Provider TSYS has announced the launch of Vital, a new brand of payment products designed to help small and medium-sized businesses run more easily and efficiently. Vital is also available to be white-labeled by TSYS partners.