Pub. 10 2021 Issue 3

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 BOARD OF DIRECTORS © 2021 Virginia Association of Community Banks |The newsLINKGroup, LLC. All rights reserved.The Community Banker is published four times each year byThenewsLINKGroup, LLCfor theVirginiaAssociationofCommunityBanks and is the official publication for this association.The informationcontained in this publication is intended toprovidegeneral information for reviewandconsideration.The contentsdonot constitute legal advice andshouldnot be reliedonas 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 opin- ions expressed in this publication are those of the individual authors anddonot necessarily represent the views of theVirginiaAssociationof CommunityBanks, 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.The Community Banker is a collective work, and as such, some articles are submitted by authors who are independent of the Virginia Association of Community Banks. WhileThe Community Banker encourages a first-print policy, in cases where this is not possible, every effort has beenmade to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprintedwithout prior written permission. For further information, please contact the publisher at 855-747-4003. CONTENTS 6 8 12 4 Chairman’s Message 5 President’s Message 6 What’s With All the Talk About Inflation? 8 The Presidential Executive Order on Cybersecurity and Your Business Introduction 10 Portfolios Morph Investment Securities Have Undergone Big Changes This Year 12 Vendor Selection Made Easy 14 Remembering Patricia Satterfield