Past Issues | VBA Event Calendar | www.vabankers.org | Latest Issue of Virginia Banking Magazine | ||||||||||||||||
July 2020
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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
The VBA is excited to share a new way to listen to recent conversations and virtual events – VBA Audio Online. On this platform, we will include links to recordings of different virtual meetings that have been held so you can listen on the go. Two recent event recordings are now available: We will continue to add recordings to this page as they become available.
Bankers On The Move & Recent Promotions
American National Bank & Trust Co. Benchmark Community Bank EagleBank F&M Bank Village Bank
Industry News & Trends
The banking industry is not just a great long-term career opportunity, but a uniquely fulfilling one. Bankers go to work every day to help their organizations, their peers, employees and most important, their customers. In today’s challenging times, that’s more important now than ever. (American Banker)
In this column, ABA President and CEO Rob Nichols discusses some of the ways that ABA is engaging in an open dialogue of how the banking industry, both as employers and as facilitators of wealth creation, can further the principles everyone agrees on: That all Americans should have a truly equal opportunity to prosper and that economic inclusion is essential to creating such opportunity. (American Bankers Association)
Welcome New Associate Members
VBA Announces New Endorsed Providers HealthEquity Paycor
Cloud technologies and AI can help banks weather changes brought by COVID-19 and distinguish their offerings in the long term. (World Economic Forum)
Federal Reserve Vice Chairman Richard Clarida said in a television interview that the fate of the economy is tied to what happens with the coronavirus pandemic, adding that the central bank can and will do more if it determines such action will help it achieve its job and inflation goals. (Wall Street Journal)
From VBA Partners
The coronavirus outbreak has reshaped the financial services industry, and that is especially true for card issuers. As the situation has evolved, we've seen our financial institutions and retail issuing clients display incredible agility and resourcefulness in responding to the marked shift in how consumers want to pay. Here, Gaylon Jowers, president of VBA Endorsed Provider TSYS, looks across a broad and diverse landscape of issuers, both in financial services and in retail.
To meet the demands of organizational growth and complexity, organizations require a combination of flexibility and control in how they pay for mission critical inputs of production. Simple, centralized purchasing inevitably cracks under the strains of growth. Leading financial professionals get out ahead of this breaking point by adding purchasing cards to the suite of treasury services they receive from their banks. In this whitepaper, VBA Endorsed Provider ServisFirst explores some of the primary reasons organizations add purchasing cards to their payables arsenal and the benefits they derive from that important decision.
While you may not be thinking of customer profitability as much these days, customer relationships are always important. Right now, you are working on filling the immediate needs of your business customers, which is crucial. However, there will come a day when COVID-19 isn’t a crisis anymore and businesses start settling back into their place in the economy. Here, VBA Associate Member PCBB discusses the top three steps to assessing your customer profitability.
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