VBA Committees Resource Page

Internal Links Tracy Ottinger

The purpose of VBA committees is to provide input to the VBA on matters affecting the banking industry and the committee’s functional area of banking, provide input to VBA’s professional development division on training needs of their functional area, provide a forum for 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.

View the VBA Committee Handbook here!

View the VBA Committee Rosters here!

Antitrust Policy: It is the policy of the Virginia Bankers Association to comply with all antitrust laws. In furtherance thereof, bankers should refrain from discussing the pricing of banking services or controlling banking markets.

CFO COMMITTEE

Chair: Neil Burke, Benchmark Community Bank
Vice Chair: Donald Kaloski, Village Bank

VBA Staff Liaison: Stacy Puckett

View the VBA CFO Committee roster here!

Mission Statement: Provide a venue for collaboration and sharing of ideas for senior finance managers of VBA member banks to facilitate professional growth.

2022 Meeting Dates:

Date Time Format
March 18th 10:00 a.m. – Noon In-person, VBA Office in Glen Allen
June 10th 10:30 a.m. – Noon Virtual
September 8th 10:00 a.m. – Noon In-person, VBA Office in Glen Allen
December 16th 10:30 a.m. – Noon Virtual

COMPLIANCE COMMITTEE

Chair: Amy Stallings, American National Bank & Trust Co.

VBA Staff Liaison: Matt Bruning

View the VBA Compliance Committee roster here!

Mission Statement: Dedicated to providing a valuable service to the VBA’s member banks on matters of regulatory compliance risk, issues, and best practices in a timely manner.  The committee will recommend and coordinate affordable, yet quality, compliance education through the use of schools, seminars and networking. 

Bank Exam Prep Center Information

The Coalition of Bankers Associations (Coalition), of which the VBA is a part, was formed more than a decade ago to provide its member banks with information to prepare for bank examinations and to work to ensure bank examinations are conducted fairly and consistently. In 2010, the Coalition launched the Regulatory Feedback Initiative (RFI), and each year since it has encouraged member banks to complete a Post Exam Survey after each examination or visitation.

The Coalition will be unveiling a new Bank Exam Prep Center website the week of March 22nd through a series of webinars for bankers. We urge you and the appropriate members of your team to join a webinar to learn more. Webinars will take place March 23rd-March 25th at 4:00 p.m. each day. You can register for one of the sessions here

In the meantime, if you have had an exam or visitation in the past 12 months and have not completed a post-exam survey, please click here and anonymously take the 15-minute survey. The survey does not request any confidential information, and because the survey is anonymous, the information you provide cannot be traced back to your institution. This feedback will make the resources available at the Bank Exam Prep Center even more helpful to the industry when the Center is launched this month. For more information, visit www.allbankers.org.

2022 Meeting Dates:

Date Time Format
March 16th 10:30 – 11:30 a.m. Virtual
May 12th 10:30 a.m. – 12:30 p.m. In-person, VBA Office in Glen Allen
September 20th 12:00 p.m. – 2:00 p.m. In-person, VBA Office in Glen Allen
November 14th 10:30 a.m. – 12:30 p.m.

In-person, VBA Office in Glen Allen

2022 Meeting Materials 

Date  
03/16 Compliance Committee Meeting Agenda - March 16, 2022
05/12

Compliance Agenda

Troutman Pepper Presentation

09/20

Agenda

Compliance Committee MR

EMERGING BANK LEADERS STEERING COMMITTEE 

Chair: Sherry Williams, Chesapeake Bank 

VBA Staff Liaison: Chandler Owdom

VBA the VBA EBL Steering Committee roster here!

Mission Statement: To ensure a continuum of leadership for the future of Virginia banking. 

Past Meeting Materials:

Date Time
9/29 September Agenda and Meeting Materials
12/8

December Agenda and Meeting Materials

ABA Credit Union Presentation

Electronic Transactions, Notarizations and Recordings Information:

Virginia Requirements for E Notarization and E Closings 12-2021 Slides

Lender Readiness Checklist

Types of Digital Closings Slides

Types of Digital Closings Flyer/Infographic

2/8 February EBL Steering Committee Agenda
7/7 July 7th Meeting Packet

Upcoming Meeting Dates and Materials:

Date Time Format
September 22nd 10:00 a.m. – Noon

In-Person, VBA Office in Glen Allen

September Meeting Agenda and Materials

December 6th 10:00 – 11:30 a.m. Virtual

Discussion Questions (Email Your Answers to Chandler):

  • If you are willing to share job descriptions, I am looking for assistance with how community banks decipher between Underwriters and Analysts in the Commercial Lending Arena.  What do those job descriptions look like for banks that are growing rapidly and have the need for centralization of certain duties? How are they looking to accomplish this without altering the balance of their culture? And more specifically, Credit Analyst versus Credit Underwriting-who is responsible for doing annual reviews and accountable for updating financials? Lending Portfolio Management-how do you establish sub limits within your loan portfolio related to risk without looking at each credit?  Are banks outsourcing loan review?
    • At our bank we don’t distinguish underwriters from analysts.  The positions here are one in the same.  We do offer Credit Analyst and Senior Credit Analyst positions, depending on the level of experience the individual possesses.  Those analysts are responsible for spreading financials, helping to prepare credit narratives, working on annual relationship reviews for bank auditors and also relationships within the bank’s risk tolerance level. Analysts do assist in alerting the lenders and loan assistants as to what financial information they will require for annual reviews for the bank’s largest relationships. At our bank, all relationships with $500,000 or more in bank exposure require the relationship to provide updated financials annually, or upon request.  However, the annual review threshold is currently $1M or greater that require the underwriting team to prepare their annual review.  That threshold is currently in the process of being increased to $1.5M due to the increase of larger relationships in the bank’s portfolio. The annual reviews prepared are fully analyzed financials with updated credit narratives. I would also add that our bank has a line of credit review policy that requires a relationship with non-real estate secured line of $100,000 or greater to be reviewed annually.  Currently, this requires receiving updated financials, spreading updated financials, updating the narrative, and getting approval to extend the line maturity for an additional year. Borrowers that meet this criteria, and have total relationship exposure of less than $500,000, require the loan officer to complete this work, or if the total relationship exposure is greater than $500,000, the credit analyst will assist with spreading financials. The bank is currently in the process of going to a one page check sheet to alleviate the amount of work required.  That check sheet would address things like pulling a soft credit report to verify credit score has not varied greatly compared to when the line was originated, doing a quick cash flow review, reviewing for any late payments, reviewing the line history to see if the line has revolved, etc.
  • Where is the Credit Bureau reporting to the agencies function monthly handled in your bank?  Who handles your credit bureau disputes/corrections/updates to the credit agencies and who handles your bankruptcy filings?  If you are willing to share job descriptions or where these responsibilities land in your organization it would be greatly appreciated.
    • It is handled within our Loan Support team. This is the team that handles booking loans, servicing, maintenance, escrow, etc.
    • Our Loan Servicing department handles credit bureau reporting.  We have a more tenured associate member of the team who specifically handles credit bureau disputes. Bankruptcy filings are handled by our Special Assets department. That department handles any problem loans we have. So if the loan has dropped a unfavorable Risk Rating, or behind, or needs to be called or termed out. Sometimes they collaborate with credit bureau disputes/inquiries if there is a bankruptcy involved, so you could always reach out to both of them. 
    • We have an individual within our Credit Support Team who is responsible for all of those tasks.  It’s been a while since I’ve worked with her but this is her only task. 

GOVERNMENT RELATIONS COMMITTEE 

Chair: Maria Tedesco, Atlantic Union Bank

VBA Staff Liaison: Matt Bruning

View the VBA GR Committee roster here!

Mission Statement: To protect and defend the interests of Virginia’s banking industry through active support of the VBA’s political and legislative efforts. 

2022 Meeting Dates:

Date Time Format
Monday, March 21st 10:30 a.m. – 12:30 p.m. In-Person, VBA Office in Glen Allen
Thursday, May 26th 10:30 a.m. – 11:30 a.m.

Virtual

2022 Meeting Materials:

Date  

03/21

Agenda

January 2022 Meeting Minutes

BankPAC Financials

Solicitation Approval Form

Corporate Contribution Form

BankPAC Big Spreadsheet

Federal Budget

VBA Things You Need to Know

05/26

Agenda

March 2022 Meeting Minutes

BankPAC Financials

BankPAC Spreadsheet

HUMAN RESOURCES COMMITTEE 

Chair: Lisa Rutherford, First Bank, Virginia

VBA Staff Liaison: Laurie Milligan and Kristen Reid

View the HR Committee roster here!

Mission Statement: To enhance Virginia bankers’ ability to succeed by providing human resources leadership that inspires individual growth and commitment. The committee serves as a valuable resource on human resource initiatives and to promote professional development. 

2022 Meeting Dates:

Date Time Format
January 21st 10 a.m. – Noon Virtual
May 13th 10 a.m. – Noon Virtual
August 5th 10 a.m. – Noon Virtual
November 8th 10 a.m. – Noon Virtual

LEGAL AFFAIRS COMMITTEE 

Chair: Sarah Harmon, First Community Bank

VBA Staff Liaison: DeMarion Johnston

View the Legal Affairs Committee roster here!

Mission Statement: To enhance the ability of the Association and its member banks to respond to legal challenges affecting banking in Virginia.  To this end, the Committee shall identify and review legal issues of concern; assist in developing legislative, regulatory, and judicial initiatives; and otherwise serve as a forum for the dissemination of information concerning legal developments impacting banks in Virginia. 

2022 Meeting Dates:

Date Time Format
March 28th 10:30 a.m. – 12:00 p.m. Virtual
June 13th 10:30 a.m. – 12:30 p.m. In-person, VBA Office in Glen Allen with virtual option
September 19th 10:30 a.m. – 12:30 p.m. In-person, VBA Office in Glen Allen with virtual option
November 28th 10:30 a.m. – 12:00 p.m.

Virtual

2022 Meeting Materials:

Date  
03/28

VBA Committee Handbook

Agenda

DSS Data Match Contract 2022

Call for Comments

06/13

Agenda

09/19 Agenda

LEGISLATIVE EXECUTIVES COMMITTEE 

VBA Staff Liaison: Matt Bruning

View the Legislative Executives Committee roster here!

Mission Statement: To organize legislative representation for larger financial institutions. 

LENDING EXECUTIVES COMMITTEE 

Chair: Heather Romagnoli, Sandy Spring Bank

VBA Staff Liaison: Tracy Ottinger

View the Lending Executives Committee roster here!

Mission Statement: Offers a learning environment for senior level lending officers within the Virginia Banking Community and provides input and feedback to the VBA on key legislative issues and lending opportunities that impact Virginia banks. 

2022 Meeting Dates:

Date Time Format
2/11/22 10:00 a.m. Virtual
6/3/22 10:00 a.m. In-person, VBA Office, Virginia Room
9/16/22 10:00 a.m. In-person, VBA Office, Virginia Room
12/9/22 10:00 a.m. Virtual

MARKETING COMMITTEE 

Chair: Helen Person, Benchmark Community Bank

VBA Staff Liaison: Chandler Owdom

View the Marketing Committee roster here!

Mission Statement: Provides a venue for idea sharing, collaboration and problem solving on bank marketing and public relations issues. 

Click here for the Marketing Committee Q&A Page

Marketing Committee Survey by Individual

Marketing Committee Survey by Question

2022 Meeting Dates:

Date Time Format
August 30th 10 a.m. – 1 p.m.

In-Person, VBA Office in Glen Allen

August Marketing Committee Meeting Agenda and Materials

November 9th 10-11:30 a.m. Virtual

OPERATIONS & TECHNOLOGY COMMITTEE 

Chair: Ed Kraemer, Burke & Herbert Bank
Vice Chair: Kelly Keene, Village Bank

VBA Staff Liaison: Stacy Puckett

View the Operations & Technology Committee roster here!

Mission Statement: Provide a venue for peer networking and discussion on best practices for operations and technology professionals within the VBA member banks.

2022 Meeting Dates:

Date Time Format
February 8th 10:30 a.m. – Noon Virtual
May 9th 10:00 a.m.- Noon In-person, VBA Office in Glen Allen
August 11th 10:30 a.m.- Noon Virtual
November 9th 10:00 a.m.- Noon

In-person, VBA Office in Glen Allen

2022 Meeting Materials:

Date  

05/09

Operations & Technology Agenda

08/11

Agenda

Committee MVR

RETAIL EXECUTIVES COMMITTEE 

Chair: Kathleen Croson, Bank of Clarke County

VBA Staff Liaison: Amy Binns

View the Retail Executives Committee roster here!

Mission Statement: Fostering a robust retail banking environment in the Commonwealth of Virginia whereby customers prosper by way of enhanced products, services and delivery options; senior retail executives grow professionally through peer exchange and education; banks profit from enhanced retail strategies; and the VBA promotes and safeguards retail banking against threats within the financial system with the support of state legislative officials. 

Click here for the retail executives committee q&a Page 

    2022 Meeting Dates:

    Date Time Format
    1/19/2022 10:00 a.m. Zoom
    5/11/2022 10:00 a.m. In-person, VBA Office – Capital Room
    9/21/2022 10:00 a.m. In-person, VBA Office – Capital Room
    12/7/2022 10:00 a.m. Zoom

    2022 Meeting Materials:

    Date  
    09/21

    Agenda

    MR Report

    SECURITY & ENTERPRISE RISK MANAGEMENT COMMITTEE 

    Co-Chair: Kelly DeWitt, Farmers Bank
    Co-Chair: Tracy Pastella, Chesapeake Bank

    VBA Staff Liaison: Walt Lyons

    View the Security & ERM Committee roster here!

    Mission Statement: Promote the sharing of security and enterprise risk management best practices within the Virginia Banking community.  Provide peer networking opportunities, industry insights and expertise to assist members in remaining at the forefront of security and enterprise risk management advancements.

    2022 Meeting Dates:

    Date Time Format
    April 12th 10:30 a.m. – 12:30 p.m. In-Person, VBA Office in Glen Allen
    July 13th 10:30 a.m. – 12:30 p.m. In-Person, VBA Office in Glen Allen
    October 5th 10:30 a.m. – 12:30 p.m. In-Person, VBA Office in Glen Allen
    December 13th 10:30 a.m. – 12:30 p.m. Virtual

    2022 Meeting Materials:

    Date

     
    April 12th

    Agenda

    July 13th Agenda

    TRAINING COMMITTEE 

    Chair: Ashley Ratliff-Ives, American National Bank & Trust

    VBA Staff Liaison: Kristen Reid

    View the Training Committee roster here!

    Mission Statement: To provide a forum for peer networking and discussion on best practices and innovation in bank training. 

    Click here for the training Committee Q&A page

    Committee Profile Site

    2022 Meeting Dates:

    Date Time Format
    February 16th 10 a.m. – 1 p.m.

    Virtual

    Training Committee Agenda February 2022

    May 24th 10 a.m. – 1 p.m. In-Person, Location TBD
    August 18th 10 a.m. – 1 p.m. In-Person, Location TBD
    November 17th 10 a.m. – 1 p.m. Virtual

    TRUST & WEALTH MANAGEMENT COMMITTEE  

    Chair: John Settle, Jr., American National Bank & Trust Co.

    VBA Staff Liaison: DeMarion Johnston

    View the Trust & Wealth Management Committee roster here!

    Mission Statement: To provide a venue for collaboration and sharing of ideas to foster a robust trust and wealth management environment in the Commonwealth of Virginia so that clients benefit by way of expanded competitive services and delivery options; trust and wealth management executives grow professionally through peer exchange and education; banks benefit from developing ways to offer trust and wealth management services as part of comprehensive relationships with clients; and the VBA promotes, represents and enhances the bank trust and wealth management industry with the support of state legislative and regulatory officials.

    2022 Meeting Dates:

    Date Time Format
    March 25th 10:30 a.m. – 12:00 p.m. Virtual
    June 10th 10:30 a.m. – 12:30 p.m. In-Person, VBA Office in Glen Allen with virtual option
    September 9th 10:30 a.m. – 12:00 p.m. Virtual
    December 2nd  10:30 a.m. – 12:30 p.m. In-Person, VBA Office in Glen Allen with virtual option

    2022 Meeting Materials:

    Date  
    03/25

    Agenda

    Trust Technology Buyers Guide

    PTE 2020-02 10-25-2021

    WSJ Article: Secure Act Required Payouts 2022

    06/10 Agenda
    09/09

    Agenda

    Troutman Pepper DOL PTE 2020-02 Presentation

    ABA/VBA/MBA Virtual Diversity, Equity and Inclusion Summit

    Delaware Trust Conference