CONTENTS ©2024 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. 2 Congratulations WVBA! 2023 MarCom Awards Winner 5 President’s Message Political Engagement Should Not Be Left to Others By Mark Mangano, WVBankers President & CEO 6 Staying Nimble With Commercial Loan Pricing Discover How To Navigate the Complexities of Setting Commercial Loan Rates in Today’s Economic Environment By Andrew Morgan, Director — Enterprise Risk & Quantitative Consulting, FORVIS 13 Expenses Recoverable by Holders of Consumer Loans After Borrower Reinstatement and Cancellation of a Trustee’s Sale By Jordan C. Maddy, Esq. and Joshua A. Lanham, Esq., Bowles Rice LLP 15 What Are Bankers’ Top Priorities for 2024? By Allison Maddock, Chief Product Officer, CSI 18 “An Ill Wind that Blows No Good” Economic Headwinds and Asset and Liability Management By Elizabeth Madlem, Vice President of Compliance Operations and Deputy General Counsel, Compliance Alliance 20 IRS SECURE 2.0 Guidance Roth Employer Contributions By Pentegra 21 Fraud Prevention What Responsibility Does Your Bank Have to Customers? By Jim Rechel, President, The Rechel Group Inc. 24 How Examiners Are Assessing Your Risk Strategies in 2024 By Milton Bartley, President & CEO, ImageQuest 26 2024 Upcoming Events 4 West Virginia Banker 21 6
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