6 CONTENTS ©2023 The West Virginia Bankers Association | The newsLINK Group, LLC. All rights reserved. West Virginia Banker is published four times each year by The newsLINK Group, LLC for the West Virginia Bankers Association and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. 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 circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the West Virginia Bankers Association, 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. West Virginia Banker is a collective work, and as such, some articles are submitted by authors who are independent of the West Virginia Bankers Association. While West Virginia 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 President’s Message I Marvel at My Good Fortune By Mark Mangano, WVBankers President & CEO 6 Pleasants County Bank A Legacy of Strong Leadership Succession 10 Rising Interest Rates May Shut Some Community Banks out of FHLB Funding By Dennis Falk and Jo Ellen McKinley, PCBB 12 Why Should I Hire a Managed Security Services Provider (MSSP)? By Jay Mallory, ImageQuest 14 Corporate Transparency Act: New Beneficial Ownership Reporting Creates Efficiencies for Banks By Drew A. Proudfoot and Amy J. Tawney, Bowles Rice 16 Ludwig on CRA Revamp, Bank-Fintech Scrutiny, and Crypto’s Future By Rob Blackwell, IntraFi 18 Exploring Bankers’ Priorities and Perspectives for 2023 By Shane Ferrell, CSI 20 ALM in 2023: Revisiting Economic Value of Equity (EVE) By Jeffrey F. Caughron, The Baker Group, LP 22 CECL Model Validation By Kelly Shafer, CPA, Suttle and Stalnaker, PLLC 24 ICBB Launches Digital Content Source for Community Bankers — The Correspondent By Independent Correspondent Bankers’ Bank (ICBB) 26 Plaintiffs Pursuing Increased Class Action Claims for Overdraft Fees and Charges Against Customers By Bryce J. Hunter and Joshua L. Jarrell, Spilman Thomas & Battle, PLLC 29 2023 Calendar of Events 24 2 West Virginia Banker
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