Pub. 10 2021-Issue 2

©2021VirginiaAssociation of Community Banks |The newsLINKGroup, LLC. All rights reserved.The Community Banker is published four times each year byThe newsLINKGroup, LLC for theVirginiaAssociation of Community Banks and is the official publication for this association. The information contained in this publication is intended to provide general information for review and consideration. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your specific circumstances.The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the Virginia Association of Community Banks, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommenda- tion of any product or service advertised.TheCommunity Banker is a collectivework, and as such, some articles are submitted by authors who are independent of theVirginiaAssociation of Community Banks.WhileTheCommunity Banker encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at 855-747-4003. 4 12 10 6 CHAIR J. Michael Thomas Select Bank Lynchburg CHAIR-ELECT Dennis A. Dysart First Bank Strasburg VICE CHAIR Jay A. Stafford Benchmark Community Bank Kenbridge IMMEDIATE PAST CHAIRMAN Lloyd B. Harrison, III Virginia Partners Bank Fredericksburg ICBA VIRGINIA DELEGATE Mark Hanna F&M Bank Timberville PRESIDENT AND CEO Steven C. Yeakel, CAE VACB Richmond VACB DIRECTORS CLASS OF 2022 Dabney T.P. Gilliam, Jr. The Bank of Charlotte County Phenix Tara Y. Harrison Virginia National Bank Charlottesville Bryan P. Thompson Highlands Community Bank Covington Joseph R. Witt The Old Point National Bank Hampton CLASS OF 2023 J. Steven Grist CornerStone Bank Lexington James E. Hendricks Village Bank Midlothian Lisa E. Kilgour MainStreet Bank Fairfax Paul M. Mylum National Bank Roanoke Thomas L. Rasey, Jr. The Farmers Bank of Appomattox Appomattox VACB STAFF Katharine C. Garner, CMP Vice President Education and Communications Kelli C. Mallinger Member Services Administrator VACB EXECUTIVE COMMITTEE C O N T E N T S 4 Chairman’s Message 5 President’s Message 6 Crypto Chronicles: Bitcoin 101 for Community Bankers 8 2021 VACB / Williams Mullen — 21st Annual Bankers’ Cup Tournament 10 Munis For The ManyTaxable Municipal Bonds Have Appeal For Nearly All Community Banks 12 The Difference Between Vendor Significance and Vendor Risk 14 Tailoring Your Fair Lending Program to Address Regulatory Trends and Institution-Specific Risk