VACB Chairman 2010
Mike Walker
President
Benchmark Community Bank
Kenbridge, VA
Chairman's Letter
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FHLB Atlanta Revising Collateral Policies
Webinars Being Offered to Address Revisions and Enhanced Reporting Requirements
Due to recent changes to the Bank's collateral policies, The Federal Home Loan Bank of Atlanta will host several webinars to address the changes taking place in February. The dates for the webinars are:
February 9th, 2010
February 11, 2010
Member banks may register for these webinars at Federal Home Loan Bank of Atlanta.
You may also contact your FHLBank Regional Collateral Manager, or Funding Desk Contact at 800-536-9650 extension 8011 for assistance or clarification.
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On Opinions: Whose Opinions?
Cam Fine, President & CEO, ICBA
How come when community banks speak as one and take a position on financial reform that disagrees with the Wall Street megafirms and their association allies in Washington, it is the community banks that are branded as “divisive,” but when Wall Street and their allied groups in Washington take a position with which community banks disagree, Wall Street is NOT being divisive; it is speaking with “a united industry voice”? Whose industry? Their industry?
Granted the Wall Street megafirms do control the vast majority of the nation’s financial assets, but does that give them the right to speak for those of us on Main Street? Are community banks not allowed to take positions that differ from Wall Street and express same in public? And if we dare take those positions as a group, then are we the divisive ones? Just a thought.
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VACB Hosting Robbery Prevention Seminar
Dana Turner, Security Education Systems to Teach
 VACB is pleased to welcome Dana Turner back to conduct “Robbery Prevention Response & Aftermath Techniques for Managers and Executives. This five-hour course will provide a logical and strategic model that’s designed to help managers and executives understand the true scope of the processes used to prevent and respond to several kinds of robberies. This presentation is designed as a “TURN KEY” solution to required robbery training; a solution that may be used to train every employee group at your bank. To review the entire brochure, please click HERE. You can register on line for this program through our calendar of events tab!
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Writing Policies for Loan Workouts & Collections -
Direct Quote from the FDIC: “The agencies have found that prudent loan workouts are often in the best interest of the bank and the borrower. The agencies have encouraged and will continue to encourage bankers not only to extend new credit to credit worthy borrowers, but also to work in a prudent manner with borrowers who may be facing financial difficultie... [ MORE ]
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Gary J. Young, CEO, Young & Associates, Inc. - Gary J. Young is Chief Executive Officer of Young & Associates, Inc. During 30 years in bank consulting and 42 years in the banking industry, he has assisted hundreds of community banks from coast-to-coast with improving shareholder value and profit, establishing effective strategic plans, regulatory concerns, budgeting, asset/liability management, expansion planning, and mergers and acquisitions. Gary is a popular speaker due to his practical and valuable insight and has conducted seminars throughout the United States and in Europe. Gary is on the board of two community banks, manages a bank investment fund, and is a co-founder of Capital Market Securities, Inc., which assists community banks with mergers and acquisitions.
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Sign up for the 03/16/2010 seminar by Gary J. Young, CEO, Young & Associates, Inc.,
entitled Developing a Liquidity Contingency Plan, or view all programs on the VACB Calendar of Events.
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2010 Banker Directors' Training
Programs Offered in Richmond & Blacksburg
VACB and VBA will again host the Bank Directors' Symposiums in Richmond and Blacksburg. The Richmond program will be March 30th, 2010 at The Crossings Resort in Glen Allen. The Southwest program will be held March 31st, 2010 at the Inn at Virginia Tech. Watch for brochures in early January!
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VACB 33rd Annual Convention
Williamsburg Lodge & Conference Center
Mark your calendar now to join your peers at the Williamsburg Lodge & Conference Center for the VACB Annual Convention & Trade Show, October 17-20, 2010. More information will be mailed shortly, but save those dates now!
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