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Meet Tom Barkin Richmond Fed’S New President & CEO SPRING 2018 Meet Tom Barkin Richmond Fed’s New President & CEO Our Difference: A 70+ year legacy built serving as a retirement plan fi duciary. Your Advantage: Successful retirement plan outcomes for you and your employees. At Pentegra, our difference is your advantage. As one of the nation’s most experienced retirement plan fi duciaries, we know that expert governance focused on plan and participant success leads to better results. Get better retirement plan results. Learn more about our unique retirement plan solutions for banks. Contact us at 800-872-3473, or visit us at www.pentegra.com. Carolina Banker | Spring 2018 3 Carolina Banker is published by Community Bank Services (CBS), a wholly-owned subsidiary of the NCBA, as a continuation of The Tarheel Banker since July of 1922. Spring 2018 Officers & Directors Mark Holmes, Wilson Chairman David Stevens, Durham Vice Chairman North Carolina Bankers Association Staff Rick Callicutt, High Point Immediate Past Chairman Peter Gwaltney, President & CEO Peter Gwaltney, Raleigh Nathan Batts, Senior Vice President & Counsel Centrant Community Capital Staff President & CEO Grace Sampson, Senior Vice President & Secretary & PAC Treasurer Wendell Begley, Black Mountain Blair Jernigan, Vice President of Event Management David Bennett, Executive Vice President Charles Canaday, Burlington Vickie Bowers, Director of Human Resources John Bocciardi, VP/Asset and Compliance Manager Derek Cohen, Wilmington Scott Brownlow, Creative Director Cindy Wiggins-Tiede, Senior Underwriter Phil Collins, Morehead City Brianna Reeder, Director of Professional Development Shellie Lempert, Servicing and Closing Manager Bruce Elder, Raleigh Michelle Sutton, Executive Assistant Vikki Conley Ikard, Portfolio Analyst Steve Fisher, Granite Quarry Blaine Wiles, Director of Community Outreach & Member Engagement Richard Jefferson, Jacksonville Frank Youngblood, Financial Analyst Consultants Bob Johnson, Winston-Salem Robert A. Singer, Greensboro Grey Morgan, Mount Olive Community Bank Services (CBS) Staff Corporate Counsel Roger Plemens, Franklin Kim Hutchens, Executive Vice President Dr. Harry M. Davis, Boone Rick Redden, Charlotte Lauren Perry, Vice President NCBA Economist and Dean of the NCBA’s Jim Sills, Durham Janice Royster, Director of Endorsed Vendor Programs North Carolina School of Banking at UNC-Chapel Hill 4 Carolina Banker | Spring 2018 NCBA News 6 From The President’s Desk Peter Gwaltney, NCBA 8 NC Bank PAC 10 2018 Events Calendar 12 Legislative Update Nathan Batts, NCBA 16 News From Centrant David Bennett, Centrant Community Capital 20 Why Join The Young Bankers? In This Edition Meredith Begley, Black Mountain Savings Bank 24 25 Years of Camp Challenge Blaine Wiles, NCBA Richmond Fed's New 28 CBS Update CEO & President (Pg. 50) Kim Hutchens, CBS Introducing the eighth CEO & President of the Federal Reserve Bank of Richmond: 30 Health Benefit Trust Thomas Barkin. Read about the new leader Lauren Perry, CBS of the fifth district and why he was chosen 32 Economic Forecast Forum among the many qualified candidates. Five Perspectives on the 2017 Tax Reforms (Pg. 42) Featured Content The first major overhaul of the tax code in over three decades was passed in December, but what does that mean for 34 Trips and Traps your bank? Five different industry experts Caren Enloe, Smith Debnam give you their thoughts. 38 What Bank Directors Should Learn From Wells Fargo David Baris, American Association of Bank Directors Trips and Traps (Pg. 34) 40 Who Moved My Step Up? Jim Reber, ICBA Securities Although new federal debt collection rules may be coming, banks’ debt collection efforts 42 Five Perspectives on the 2017 Tax Reform already are regulated by North Carolina’s Jim Engel, Aquesta Bank; Kelly King, BB&T; Dr. Harry Davis, NCBA; Debt Collection Act. This article gives nine Nikki Yarborough, DHG Financial Services; Hon. George Holding, NC’s 2nd District important tips on how to avoid the pitfalls that 48 Textbook Advocacy can result in civil penalties, actual damages, Rob Nichols, ABA and attorney’s fees. 50 Richmond Fed's New CEO & President Scott Brownlow, NCBA From The Bankers 54 Faces in the News 56 Around the State Editor: Scott Brownlow Circulation: 4,500-5,000 57 NC M&A Updates Subscription Fee: $12 Annual Phone: 919-781-7979 58 Banks Backing Their Communities Email: [email protected] FROM THE PRESIDENT’S DESK Our Vision, Our Mission, and Our Values Late last year, our leadership team at the NCBA went away for a couple of days of strategic planning. It was a productive and invigorating experience, and I enjoyed getting to know my colleagues a little bit better. In light of last year’s merger activity and consolidation of our membership, we felt that a thorough examination of our organization was in order. In addition to the budget and organizational issues, we spent a significant amount of time discussing our vision, our mission, and our core values. For those who have done this, you know how painstaking the process can be. The discussions revealed the passion and deep commitment our team has for our members and the respect we all have for the work bankers do every day in their communities. I’m pleased to share the vision, mission statement and core values we developed during our strategic planning retreat: Our Vision: Strong Banks, Strong Communities Vision statements are aspirational. They describe what success looks like and where an organization wants to go. A vision statement reveals the character of an organization and tells the world what is important to it. Everything we do will be guided by it. Our Mission: To foster an environment where North Carolina banks can successfully serve their customers and communities. A good, focused mission statement is short and easy to remember. Our mission statement describes an organization and a group of people who wake up every day committed to doing whatever is necessary to help our members serve their customers and communities more easily, with more clarity, less regulation and minimal government intervention. Doing this every day moves us closer to our vision. Our Core Values Core values articulate the character and culture of an organization. Strategic initiatives, hiring decisions and communications must be consistent with an organization’s core values for it to be successful. Our staff has discussed these core values in detail, and they understand that the standards for performance and personal conduct are high. • Service – We are member driven in all that we do. • Advocacy – We are the voice of North Carolina banking. • Learning – We are constantly learning. • Integrity – We are honest and accountable in all that we do. • Community Outreach – We are committed to the communities we serve. In other news, our Grassroots Team is off to a healthy start and is already having a noticeable impact. As you may recall, our Grassroots Team consists of one appointed member from each NCBA member bank. Each team member is tasked with coordinating government relations activities within their banks utilizing the support and direction of the NCBA. We recently asked Grassroots Team members to encourage their colleagues to respond to an Action Alert on Senate Bill 2155, the Regulatory Reform, Economic Growth and Consumer Protection Act. As of the date of this writing, North Carolina bankers have generated more than 1,400 email messages to Senators Burr and Tillis expressing support for the legislation. As the bill makes its way to the Senate floor, we can all rest assured that our senators know where we stand and how important the bill is to North Carolina’s banking industry. Thanks to all who have responded to the Action Alert. I’m grateful to the members of our Grassroots Team, and am excited about what we can do together as advocates for our industry. All the best, 6 CarolinaCarCarolil na BankerBankerk | SpringSprS ing 2018200181 New Bank Members Engaged, Proven and Trusted Commercial Portfolio Rick Houser Senior Vice President, North Carolina Market Executive 12335 Wake Union Church Road, #206 Consultants Wake Forest, NC 27587 [email protected] | (919) 556-5972 David Barksdale Executive Vice President & President of North Carolina 3069 Trenwest Drive, Suite 101 Winston-Salem, NC 27103 [email protected] | (336) 448-5800 Tom Smith President & CEO 201 North Union Street Danville, VA 24541 [email protected] | (434) 792-4176 New Affiliate Members @RISK Technologies, Inc. Roger G. Powell, LLC (Cybersecurity/Risk Management/ (Corporate Consulting/ LOAN Artificial Intelligence) Investment Banking) REVIEW PROGRAMS Allen Mitchell, VP Channels & Client Executives Roger Powell, Principal 16400 Dallas Parkway, Suite 100 2201 Old Court Road, 3rd Floor • Commercial Loan Review Dallas, TX 75248 Baltimore, MD 21208 • Portfolio Acquisition Review (Due Diligence) [email protected] [email protected] • Leveraged Loan Review/Structured Finance Review (972) 532-1878 Ext 201 (443) 253-4516 LOAN PORTFOLIO STRESS TESTING McGuireWoods LLP SecureNation, LLC • Bottom Up Loan Level Approach (Law Firm) (Cybersecurity Software • Top Down Capital Adequacy Assessment Mark Krombowski, Partner and Hardware Solutions) 77 West Wacker Drive, Suite 4100 Jon Davis, CEO • Stress Test Methodology Validation Chicago, IL 60601-1818 7175 Foster Drive, Suite 230 LOAN LOSS RESERVE METHODOLOGY [email protected] Baton Rouge, LA 70806 (312) 849-8170 [email protected] • Methodology Validation • Methodology Refinement Parker Poe Adams & Bernstein Spectrio
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