18 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. 5 President’s Message: Value Is in the Eye of the Beholder By Mark Mangano, WVBankers President & CEO 6 Meet Your Chairman — Tom Whaling, West Union Bank 10 Community Corner: Peoples Bank Honoring Bankers Who Make Our Communities a Better Place 12 West Virginia Security for Public Deposits Program By Josh Sharp, Suttle & Stalnaker 14 Thank You to Our Sponsors 15 S.R. Snodgrass Announces Two New Hires 18 Artificial Intelligence — The Benefits and Challenges for Financial Institutions By Julia A. Gutierrez, Bankers Alliance 21 Virtual CISO: An Easier Way to Get the InfoSec Services You Need By ImageQuest 24 Under Pressure: Cost of Funds Strategies in a Rising Rate Environment By Achim Griesel and Dr. Sean Payant, Haberfeld 28 Is Your Balance Sheet Recession Ready? By Dale Sheller, The Baker Group 28 Cover Photo: Fall 2023 Chairman Cover Photo and Convention Photography provided by Erin Hurst, Erin Hurst Photography | Lewisburg, WV (www.erinhurstphotography.com) 4 West Virginia Banker
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