© 2023 Virginia Association of Community Banks | The newsLINK Group, LLC. All rights reserved. The Community Banker is published four times each year by The newsLINK Group, LLC for the Virginia Association 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 recommendation 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. While The Community 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. CONTENTS 10 17 VACB Board of Directors CHAIR Joseph R. Witt, CPA The Old Point National Bank Hampton CHAIR-ELECT Tara Y. Harrison Virginia National Bank Charlottesville VICE CHAIR Lisa E. Kilgour MainStreet Bank Fairfax IMMEDIATE PAST CHAIRMAN Jay A. Stafford Benchmark Community Bank Kenbridge ICBA VIRGINIA DELEGATE Jeff W. Dick MainStreet Bank Fairfax PRESIDENT & CEO Steven C. Yeakel, CAE VACB Richmond VACB STAFF Katharine C. Garner, CMP Vice President Education & Communications Kelli C. Mallinger Member Services Administrator VACB DIRECTORS CLASS OF 2024 Chris R. Snodgrass The Bank of Marion Marion Blake M. Edwards, Jr. Skyline National Bank Independence CLASS OF 2025 Dabney T.P. Gilliam, Jr. The Bank of Charlotte County Phoenix CLASS OF 2026 LeAnne R. Emert Benchmark Community Bank Kenbridge Cetric A. Gayles Citizens Bank & Trust Blackstone Aaron Green Pendleton Community Bank Harrisonburg James E. Hendricks Village Bank Midlothian Robert J. Hobbs CornerStone Bank Lexington Paul M. Mylum National Bank Roanoke Thomas L. Rasey, Jr. The Farmers Bank of Appomattox Appomattox Matthew H. Steilberg C&F Bank Toano 4 President’s Column The Battle Continues — We’re Strong Together! By Steven C. Yeakel, CAE, VACB President and CEO 5 Chairman’s Message Our Unified Voice Matters By Joe Witt, VACB Chair 6 Open APIs Benefits, Development and What to Look for in Your Community Bank’s Hosting Provider By Daren Fankhauser, SVP, Chief Development Officer & Chief Architect, Data Center, Inc. 10 VACB 46th Annual Convention Coverage 14 VACB 46th Annual Convention & Trade Show Exhibit Hall Prize Winners 15 We Appreciate Our Convention Sponsors! 16 Save the Date VACB 47th Annual Convention & Trade Show 17 Overdrafts Navigating the Evolving Regulatory Landscape By Cheryl Lawson, EVP — Compliance Review, ADVANTAGE, powered by JMFA 20 Get the Most Value Out of Your Vendors Top Questions to Ask When Vetting Potential Partners By David Hamrick, Teslar Software 22 Thoughts From VACB’s NextGen Scholarship Recipient By Michael Lee, AVP, Senior Credit Analyst, Virginia Partners Bank/Maryland Partners Bank (a Division of Virginia Partners Bank) 3 The CommunityBanker
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