The Directors’ Symposium, co-sponsored by the Virginia Association of Community Banks, provides bank board members with current data, thought-provoking industry trends and networking opportunities with other directors and regulators. The program is designed to benefit both new directors and seasoned veterans on the Board.

Dates & Locations

April 18, 2023 – Blacksburg, VA 

The Inn at Virginia Tech
901 Prices Fork Rd
Blacksburg, VA 24061

April 19, 2023 – Richmond, VA

The Westin Richmond
6631 W Broad St
Richmond, VA 23230

Agenda*

8:30 a.m.  Breakfast/Registration

9:00 – 9:05am Welcome

9:05 – 9:55am – Economic Update 
April 18: Dr. Raman Kumar | Pamplin College of Business, Virginia Tech
April 19: Kartik Athreya | Federal Reserve Bank of Richmond

Our economic update will provide an assessment of the trends driving the economy and its impact on community banking from a local, state and nation-wide perspective.

9:55 – 10:45am Regulator Panel​ 
Moderator: DeMarion Johnston | Virginia Bankers Association
Panelists:

• Kameron Booker | Federal Reserve Bank of Richmond
• Amanda Edwards |OCC
• Deona Payne |FDIC
• Daniel Tucker | Bureau of Financial Institutions

10:45 – 11:00am  Networking Break

11:00 – 11:50am Establishing a Cybersecure Organization – Best Practices for Mitigating Business & Organizational Risk in the Audit Process 
Mark Scholl | WipFli, LLP 

Your financial institution can’t have an effective cybersecurity strategy if you don’t know what you’re up against. Without technical jargon, this session will discuss the latest threats to your customer information and the threat actors behind them. We will also cover payment fraud and tips for spotting these scams. We will wrap up our discussion focusing on the top key controls for preventing fraud and the role of the board of directors in the bank’s cybersecurity program

11:50am – 12:50pm – Lunch

12:50 – 1:40pm – Dynamic Shifts in Bank Boards & Executive Leadership 
Dr. Julie Bell | Chartwell Partners

With CEO retirement and talent volatility at an all-time high, is your bank proactively seeking leaders and board members with the abilities required for long-term success? In this session, we discuss the key skill sets needed in the board and C-Suite to thrive and remain independent. Dr. Bell will also share how diversity, equity and inclusion are all musts when searching for leaders and board members.

1:40 – 1:50pm – Networking Break

1:50 – 2:40pm – Deposit Growth: How to Outmaneuver the Land of Giants 
Adam Thompson | StrategyCorps 

The 3% of banks own 83% of the deposits leaving the remaining 97% to battle it out over the rest.  Only 11% of the market is looking to change banks this year and, if the first sentence is any indicator, most of those will choose a large FI.  Have I mentioned the challenges from Walmart, Fintechs, and Amazon?  

So what’s a community FI looking for deposits to do?

In this session you’ll gain insights from new market research on today’s liquidity challenges and what’s in store for the next 12 months.  You’ll discover what checking lineup structure re-engages non-primary, unengaged customers to drive growth.  Finally, you’ll learn how modern, mobile-first checking benefits fit into how consumers prefer to buy things increasing your relevance to the modern consumer, shopping for a new bank.

2:40 – 3:30 pm The Case for Credit Risk Management
David Ruffin | Principal, IntelliCredit

When the unknowns can be scarier than the knowns, it’s best to be prepared. This goes beyond simply providing data tables and charts, but really understanding credit risk management from a holistic view. This session provides organizations from the board to senior management at financial institutions several key credit best practices in managing their credit risk while managing growth.

*Topics and speakers subject to change.

Registration

Registration Type	Member	Non-Member
First Four Registrants	$325	$825
Five+ Registrations	$295	$795

Click here to complete the registration form.  Contact Gail Queen with any registration questions.

VBA EVENT POLICIES

By registering for this event, you are agreeing to the VBA Event Policies.

CANCELLATION POLICY

All cancellations will be charged a $25.00 administrative fee. Cancellations received less than 72 business hours before the program will be charged a $75.00 administrative fee plus any additional fees associated with the training. Substitutions are allowed prior to the beginning of the conference.

SPECIAL NEEDS & AMERICANS WITH DISABILITIES NOTICE

If you have special needs that may affect your participation in this event, please contact Kristen Reid to discuss accommodations.

Hotel Information

The Inn at Virginia Tech
901 Prices Fork Rd
Blacksburg, VA 24061
(540) 231-800

We have booked a block of rooms at The Inn at Virginia Tech for a negotiated rate of $152/night, plus taxes and fees.  To take advantage of this negotiated rate, all reservations must be made by March 28, 2023. Click here to book your room.  

The Westin Richmond
6631 W Broad St
Richmond, VA 23230
(804) 282-8444

We have booked a block of rooms at The Westin Richmond for a negotiated rate of $159/night, plus taxes and fees. To take advantage of this negotiated rate, all reservations must be made by March 28, 2023.  Click here to book your reservation.

Sponsors

Interested in sponsoring or exhibiting at this event? View the 2023 sponsorship brochure here or contact Amy Binns for more information.