CFO Conference & Ethics Session
This conference is designed for CFOs and those involved in financial management.
More than 140 bankers and industry partners joined us August 21-23, 2023 at The Hotel Roanoke for our CFO Conference. Attendees enjoyed engaging and relevant sessions and also had the opportunity to meet with our sponsors in the exhibit hall. View the full conference recap here.
Agenda
WEdnesday, August 21, 2024
2:30 p.m. Registration for Ethics Session
3:00 – 4:40 p.m. Ethics**
(this session satisfies the Ethics requirement for CPAs – separate registration required)
4:45 – 6:15pm Welcome Cocktail Reception and Networking Hour
Sponsored by Piper Sandler
** This course satisfies the annual two-hour Virginia Board of Accountancy (BOA) Ethics requirement. Separate registration required.
Thursday, August 22, 2024
7:30 a.m. Registration | Continental Breakfast
Breakfast sponsored by Independent Community Bankers Association (ICBA)
8:00 – 8:15 a.m. Welcome Announcements & Sponsor Introductions
8:15 – 9:15 a.m. The Slow Path of Post-Pandemic Normalization Craig Dismuke, Stifel Financial
Despite the most rapid tightening of monetary policy since 1980, the U.S. economy has continued to expand at a stronger rate than expected. This growth has been driven at the core by an unexpectedly resilient consumer. In this presentation, we will highlight the sources of the consumer strength and the implications for continued economic growth. We will also highlight the factors Fed officials are taking into account as they determine the appropriate path for interest rates going forward.
9:15 – 9:30 a.m. Networking Break
9:30 – 10:30 a.m. Breakout 1: Surviving FDICIA in a Dynamic Industry David Heneke & AJ Eschele, CliftonLarsonAllen LLP
The Federal Deposit Insurance Corporation Improvement Act (FDICIA) was enacted in 1991 to improve the safety and soundness of the banking system. Since then, FDICIA has been a critical component of the regulatory framework for financial institutions. However, the dynamic nature of the financial industry has made it challenging for institutions to comply with FDICIA requirements. In this speaking session, we will explore the challenges that financial institutions face in complying with FDICIA in a dynamic industry. We will discuss the key provisions of FDICIA, including the internal control requirements, the independent audit requirements, and the reporting requirements. Attendees will gain a deeper understanding of the FDICIA requirements and the challenges of complying with them in a dynamic industry. They will also learn best practices for managing FDICIA compliance, including risk assessment, internal control design, and audit planning. This session is ideal for financial institution executives, compliance officers, auditors, and risk managers who are responsible for FDICIA compliance.
9:30 – 10:30 a.m. Breakout 2: SEC Update Seth Winter, Troutman Pepper
10:30 – 10:45 a.m. Networking Break
10:45 – 11:45 a.m. A Wild Ride: What We Learned from the Current Rate Cycle and What to Think About Next Mark Fischer, PNC
11:45 a.m. – 12:30 p.m. Lunch
Sponsored by VISA
12:30 – 1:15 p.m. Vendor Speed Dating
1:20 – 2:20 p.m. Current Fraud Trends & Scams Tony Ayers and Betsy Van Patten Roanoke Sheriff Department
This session will cover the current white collar/fraud trends and scams that we are seeing in Southwest VA and around the state. It will cover things that bank employees can look for as well as prevention information for customers. This information carries over into the personal lives of employees as well as they can share with family members who may be vulnerable to fraud.
2:20 – 2:35 p.m. Networking Break
2:35 – 3:35 p.m. Out with the Old: Liquidity, Funding, and Regulation Ryan Smith, Piper Sandler
Financial Institutions are under the microscope in this environment and integrating new options into a strategic plan is essential. Themes will include rethinking liquidity and funding to ensure a modernized view on sources and measures. This will also cover the impact that new regulation may have on your institution’s strategy. The discussion will include relevant market updates to contextualize the ideas and help management teams find more value in 2024 and beyond.
3:35 – 3:45 p.m. Networking Break
3:45 – 4:15 p.m. Industry Update Bruce Whitehurst, Virginia Bankers Association
4:15 – 5:15 p.m. Regulator Panel
Moderator: Bruce Whitehurst, Virginia Bankers Association
Panelists:
- Jeffrey Deibel, Federal Reserve Bank of Richmond
- Amanda Edwards, OCC
- Sarah Lambert, Virginia State Corporation Commission, Bureau of Financial Institutions
- Margaret Myers, FDIC
- Michael Sprouse, Office of Financial Regulation of the State of Maryland
5:15 – 6:45 p.m. Cocktail Reception
Sponsored by Brown, Edwards & Co.
Dinner is on your own. Enjoy your evening!
Friday, August 23, 2024
8:00 a.m. Continental Breakfast
Sponsored by FHLBank Atlanta
8:30 – 8:45 a.m. Announcements | Sponsor Thank You & Drawings
8:45 – 9:45 a.m. Tax Implications & Updates for Banks Brandon Driver, CPA YHB and Nick Preusch, CPA, JD, LLM, MSA | Tax Director, YHB
With the ever-evolving landscape of financial regulations, it is essential for CFOs to stay updated on how these changes impact their tax obligations. This session will explore recent tax changes and their implications for the banking sector. Topics will include updates on federal and state tax laws and strategies to manage the tax impacts of these regulations.
9:45-10:00 a.m. Networking Break
10:00 – 11:00 a.m. Closing Keynote: Secret Sauce for Organizational Success Melissa Furman, PhD, Career Potential, LLC
Sponsored by VCDC
Banking leaders are navigating unique challenges as it relates to diversity, disruption, and workforce engagement. A common foundational denominator to successfully navigate these challenges are trust, respect, and accountability. This session will provide practical strategies to assess and develop trust, respect, and accountability to maximize success.
11:00 – 11:20 a.m. Stretch Break
11:20 a.m. – 12:20 p.m. CFO Roundtable Session (bankers only)
12:20 p.m. Conference Adjourns
*Speakers and topics are subject to change
Meet the Speakers!
Tony Ayers, Sergeant
Roanoke Sheriff Department
Sgt. Ayers has worked for the Roanoke County Police Dept. for almost 25 years. He has spent over half of his career in investigations. He began his Detective career in 2004 in the Fraud unit. He later transitioned to a undercover investigative role with the Drug Enforcement Administration Task Force in Roanoke where he worked for 8.5 years. In 2016 he was promoted to his current rank of Sergeant where he took on a series of leadership roles within the department as the Field Training Administrator, K-9 Unit Sergeant and in developing a regional Threat Assessment Team. In 2001, Sgt. Ayers was transferred from the Uniform Division to Criminal Investigations and is involved with all aspects of criminal investigations.
Craig Dismuke, Chief Market Strategist
Stifel Financial
Craig Dismuke is a Managing Director and Chief Market Strategist in Fixed Income Capital Markets at Stifel Financial. Prior to acquisition, Craig was Chief Economist at Vining Sparks. He speaks often at industry conferences on the U.S. economic landscape and expectations for interest rates. Craig has appeared frequently on CNBC, Fox Business, and Bloomberg TV. He lives in Memphis, Tennessee with his wife, Ashley, and three children. He is actively involved with St. Jude Children’s Research Hospital.
Brandon Driver, CPA, Principal
YHB
Brandon is an assurance and tax leader for the bank team at YHB. Since graduating from Virginia Tech, he has worked exclusively with the bank team, performing external audits, internal audits, bank tax services, and SOX consulting. Brandon regularly prepares audit and accounting updates for his team. His expertise ensures comprehensive and up-to-date audit services for the banking sector.
Amanda Edwards, Assistant Deputy Comptroller
OCC
Amanda Edwards is the Assistant Deputy Comptroller for the OCC in the Roanoke office. In this role, she is responsible for managing approximately $20 billion in assets across 18 institutions in the VA, WV, and KY footprint. Amanda began her career with the OCC in 2005. She specializes in problem bank rehabilitation, having worked with many struggling banks during the commercial real estate crisis of 2008, and served as the Problem Bank Specialist in the OCC’s Northeastern District. Amanda also has extensive experience supervising banks involved with fintech partnerships and received a FinTech certificate through the Harvard VPAL program. She takes an active role in preparing candidates for the UCE through her involvement as a UCE evaluator, division mock evaluator, and former UCE workshop coordinator for the northeastern district. She is a Certified Fraud Examiner and also COSO certified. She is a graduate of Winthrop University.
Melissa Furman, PhD, President & Founder
Career Potential, LLC
Dr. Melissa Furman has a rich academic background through studying business, counseling, and psychology and serving as the assistant dean at the James M. Hull College of Business at Augusta University. She also served as a faculty member at multiple esteemed universities including Johns Hopkins, Emory, UNC-Chapel Hill and Georgia Tech before hitting the streets to share her expertise. Throughout her experience, Melissa uncovered her true passion for impacting others through workforce, leadership and professional development resulting in the launch of Career Potential, a speaking, consulting, training, and coaching organization. Dr. Melissa Furman is recognized as a developmental expert who combines her credentials, 20 years of leadership experience, and results-driven approach to cultivate genuine connections with her audiences and clients.
David Heneke, Principal
CliftonLarsonAllen LLP
David is a principal with the financial services group, dedicated to financial statement audits, internal audits, and various consulting projects for the banking industry. David began his career with CliftonLarsonAllen in 2005, and has spent his entire career working with financial institutions. He is a speaker for various associations on the topics of FDICIA, data analysis, internal audit, and CECL.
Sarah Lambert, Manager of Examinations
Virginia State Corporation Commission, Bureau of Financial Institutions
Sarah began her banking career in as a bank teller in 1998. She graduated from Bluefield College in 1999 with a B.S. in accounting. Post-graduation she climbed the ranks from bank teller to eventually work within the Internal Audit Department as a staff auditor, manager, and then Director for almost 14 years. She obtained the designation of Certified Internal Auditor in 2013. She has been with the State Corporation Commission-Bureau of Financial Institutions as an Examiner for nine years, where she continues to protect and serve the citizens of Virginia through her passion of laws, regulation, coupled with her vast knowledge of auditing. Sarah graduated from the VBA School of Bank Management in 2022 just before she obtained the title of Manager of Examinations, also in 2022. Her banking portfolio mainly consists of community banks in Southwest Virginia and one Regional Banking Organization. Over her 26-year banking career, she has met and worked with many professionals throughout the Commonwealth of Virginia. She still resides in Bluefield, VA where she is raising her daughter.
Nick Preusch, CPA, JD, LLM, MSA Tax Director
YHB
Nick has over 19 years of industry experience and a strong academic background, including degrees from Carthage College, the University of Connecticut, Case Western Reserve University, and Georgetown University. His expertise lies in complex tax compliance for high-net-worth individuals and large business entities, with a focus on international, non-profit tax issues, and tax ethics. Nick has published extensively in esteemed journals and co-authored a textbook on tax preparer penalties. He is also a renowned lecturer on ethics, complex tax transactions, and IRS practices.
Ryan Smith, Managing Director
Piper Sandler
Ryan Smith is a managing director at Piper Sandler in the financial services group. In this role, he advises financial institutions on capital management, budgeting, fixed income and investments, debt capital markets, regulation and accounting, derivatives and asset/liability management. Smith also works closely with the firm’s investment banking group to identify and develop strategic opportunities related to mergers and acquisitions, capital issuance or other transactions. Prior to joining Piper Sandler in 2019, he was the head of financial institution analytics, and formerly head of bank strategies at Stifel Financial, where he worked in a similar capacity and advised financial institutions across the country. Smith started his career at Keefe, Bruyette, and Woods (a full service investment bank that was acquired by Stifel), where he worked on a team that advised on dozens of completed M&A deals, IPOs, equity offerings and other transactions. Smith holds a bachelor’s degree in political science from Amherst College. He serves as a board member for the non-profit Rooftop Films, Inc. and is the investment advisor for the non-profit, Educate!
Betsy Van Patten, Detective
Roanoke Sheriff Department
Det. Betsy Van Patten has been a police officer for 25 yrs and employed by the Roanoke County Police Department for 23yrs. She has worked in the investigations division for 20 of those years. From 2004 to 2007 she worked white collar crimes predominately investigating all check frauds, credit card frauds, construction frauds, and any scam cases that came to Roanoke County CID (Criminal Investigations Division). In 2007 Det. Van Patten was assigned to the Alcohol Tobacco and Firearms as a Task Force Officer. While there she investigated gun trafficking, complex narcotics trafficking cases, home invasions (robberies), felons in possession of firearms, and numerous other violent crimes. She participated in search warrants and operations across the United States. In 2016 she returned to fraud investigations. She quickly learned about gas pump skimmers and worked to arrest approximately 10 different defendants all from south Florida. Many of those defendants were prosecuted at a federal level, receiving several years in prison. She is contacted by investigators from all over as a resource for her knowledge related to these types of cases and their complexities. She continues to work credit card cases, check cases, and SCAMS, SCAMS, SCAMS!
Bruce Whitehurst, President & CEO
Virginia Bankers Association
Following a 10-year career in retail and commercial banking, Bruce joined the Virginia Bankers Association in 1993, its 100th anniversary year. He has served as president and chief executive officer of the association since 2007 and was previously executive vice president. While at the VBA, Bruce has worked with member banks in a variety of areas, to include government relations, education and training, financial literacy, and partnering with banks in a number of innovative ways to help them enter new lines of business. He also speaks about and on behalf of the industry on a regular basis. As a banking industry advocate, Bruce is active at the national level. He served on the American Bankers Association’s Regulatory Reform Task Force during the 2008-2009 financial crisis and served as an ABA Board member and chairman of the Alliance of State Bankers Associations in 2012-2013. He has also served on several other committees and councils at the national level. Committed to serving his community, Bruce is a director of and has chaired United Methodist Family Services in Richmond, VA and the Virginia Council on Economic Education. Bruce received his Bachelor of Arts degree from the College of William & Mary, his MBA from the University of Richmond and is a graduate of the Virginia Bankers School of Bank Management.
CFO Conference Registration
| In-Person Only | Member | Non-Member |
|---|---|---|
| Through August 1, 2024 | $595 | $1,095 |
| August 2-21, 2024 | $655 | $1,155 |
| In-Person AND Virtual Sessions | Member | Non-Member |
|---|---|---|
| Through August 1, 2024 | $675 | $1,175 |
| August 2-21, 2024 | $695 | $1,195 |
Ethics Registration – Separate Registration Required
Ethical Considerations in DEI 2024: Recruitment & Retention of Diverse Talent
Explore, recognize and understand the importance of diversity, equity, and inclusion (DEI) and how it relates to recruitment and retention of talent in the profession.
| Registration Option | Member | Non-Member |
|---|---|---|
| In-Person Only | $195 | $695 |
VBA EVENT POLICIES
By registering for this event, you are agreeing to the VBA Event Policies.
VBA EVENT 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 course.
SPECIAL NEEDS
Please share any specific needs that should be considered as we plan for the conference (i.e. hearing impaired, sight impaired, etc). Please contact Michele Dunn with any details.
Hotel Information
The VBA has a negotiated rate at the Hotel Roanoke of $189/night (plus taxes and fees). To make your reservation, click here. Reservations must be made by July 22, 2024 to take advantage of this group rate.
Parking*
The Hotel Roanoke offers both self and valet parking. For attendees staying at the hotel, the pricing is as follows:
- Self: $15.00/day
- Valet: $21.00/day
For those commuting to the conference, daily self-parking is $10.00/day
*Parking rates are subject to change.
Sponsorship Opportunities
Click here to see available sponsorships & exhibiting options. Questions? Contact Amy Binns for information.