PRIME INTEREST FALL 2013-14 A Publication of the Carolinas - Virginias Chapter of The Risk Management Association CHAPTER OFFICERS MESSAGE FROM THE PRESIDENT: President: educational opportunities for bankers in the country. Mike Hendricks, EVP, CCCO, NewBridge Bank And finally, our Chapter will host our Roundtable ses- sions in April. We will offer multiple roundtable oppor- First Vice President tunities adjacent to the Spring Conference. Please Jennifer Welch, FVP look out for additional details as this is one of the best NewBridge Bank peer sharing opportunities available. Second Vice President Matthew E. Cheek, Esq. The other purpose of your Regional Chapter is to help Williams Mullen support the activities of your local chapters. I encour- Secretary/Treasurer age each of you to get involved and play an active role James Clark in your local chapter. The local chapter is where the Supervision, Risk & Credit/Risk “rubber meets the road” of our organization. Your & Policy local chapter brings the educational and networking Federal Reserve Bank Mike Hendricks, EVP, CCCO, NewBridge Bank opportunities to you on a local level based on what the Greetings! I am honored to serve as your Carolinas- membership in your marketplace wants. The banking Virginias Chapter President this year! This is an landscape has changed significantly over the past few exciting year for RMA as we celebrate our organiza- years. These local programs and education opportu- In This Edition: tion’s 100th anniversary. Your Carolinas-Virginias nities will help you “get back into the game” in today’s Chapter has played a long standing role in the banking environment providing both new thoughts and Message from the President 1 growth of the organization with our own roots being ideas as well as a reminder of the basic principles that traced back to 1921. always hold true. Mark Your Calendars 1 Your Regional Chapter conducts three primary All of these events, no matter if they are offered at the events. Our premier event is the Spring Conference local, regional, or the national level, will help you be- Volunteer Spotlight 2 which will be held April 24th and 25th in Pinehurst. come better bankers. Please take advantage of these BJ Moss This year’s event is already shaping up to be an opportunities by participating in, or even leading, an outstanding opportunity for education, peer sharing, event. The quality and success of all of these events Article Writing Competition— 3 and networking. The RMA-ECU Lending Schools depends on the membership taking an active role. Winning Article will be held May 11th through the 16th. This year’s Investing in SBIC school will include a new design and even more I encourage each of you to adhere to RMA’s new tag Funds opportunities to further your credit acumen. This is line – Join. Engage. Lead. undoubtedly one of the best, most cost effective, Legal Lines 5 Intercreditor Agree- Mark Your Calendars ments - The Basics banking professionals. The 3 year curriculum empha- Appraisal Compliance Re- 6 Carolinas-Virginias Annual Spring Confer- sizes underwriting, cash flows, loan structure and loan views ence: April 24-25, 2014, Pinehurst Resort, management for both Commercial & Industrial and North Carolina. Come enjoy thought-provoking Commercial Real Estate lending. Instruction is provid- ed by a faculty with extensive banking experience and About RMA CAVA 7 programs and fellowship with old and new friends, while also enjoying the legendary hospitality and expertise and involves lectures, case studies, class world-class golf courses of the beautiful Pinehurst discussion and participant interaction. The cost for RMA National Info 8-9 resort. Presenters will address cybersecurity, se- each school is $1,200 and includes hotel (double occu- About RMA questration, local and national economic forecasts, pancy), breakfast & lunch each day and dinner Sunday and Thursday evening. For single occupancy, add Upcoming Programs community service leadership and other topics. Sponsorship opportunities are still available. $250. Audio Series CRC For information contact Matt Cheek at (804) 420- Applications available late January 2014 at: http:// 6923 or [email protected]. cpeprograms.ecu.edu/ShowSchedule.awp? RMA History ~~GROUP~BANK~BANKING RMA-ECU Lending School: May 11 - 16, 2014, Greenville, North Carolina. 2014 will For information contact Kevin Futrell at (843) 724-7012 mark the 43rd year that RMA and ECU have part- or [email protected]. nered to provide Commercial Lending Training for JOIN. ENGAGE. LEAD r m n e e tae2 Prime InterestPage Volunteer Spotlight BJ Moss Barbara J. (BJ) Moss retired earlier this year after her responsibilities included policies and proce- Finding hotel rooms for the examiners who an extensive career at the Federal Reserve Bank dures development, new hire onboarding, man- were arriving seemed simple enough except of Richmond. In addition to many activities and agement information system reporting and for the fact that the legislature was in ses- accomplishments, BJ was an active RMA volun- automated tool implementation. sion, convention season was in full swing and teer. Her participation with RMA started when the lists of names of examiners were all hand Gene Johnson, her boss and a Richmond Chap- BJ, from all of us who have known and worked -written and often indecipherable. Because ter RMA board member, invited her to a board with you over the years, best wishes for an reserving rooms was such a challenge and meeting. Much to BJ’s surprise, she was intro- engaging, healthy and happy next phase of the list of arrivals continued to grow, BJ made duced by Gene as his replacement on the Board your life. Thank you for your professionalism, reservations under made-up names (such as (what a great tactic!!). This was the start of many wit and fellowship. Maryland Cryses). Of course, as conventions leadership roles with RMA. BJ held various posi- came and went, the FRB rooms had to be tions with the Richmond Chapter board, including 1985 S&L Crisis: Perhaps one of the most changed to different hotels. This led to awk- education and newsletter chairs, vice president interesting periods in BJ’s time at the Fed was ward situations when examiners came back and president. She served as liaison with the the Savings and Loan crisis that began in from a weekend at home only to find that FRB President's office to plan and hold the annual 1985. She spent 186 nights out of town that they had been moved to some different and Lacker Economic Luncheon for the Richmond year. She was mustered out to examine S&Ls unknown hotel. BJ had to bear the brunt of chapter. The “Lacker Lunch” is an annual high- in Ohio and provide a quick report on financial this for many years—some folks just do not light for the Richmond Chapter and the greater condition. This work had to be done out of the have a sense of humor! Richmond financial community. public eye as maintaining confidence in the soundness of financial institutions was key to The hotels were one challenge – another was BJ also served on the RMA Carolinas-Virginias maintaining liquidity (sound familiar??). Her getting enough rental cars. After the invento- regional board of directors. She will be remem- role in Ohio was cut short by a dive down the ry in town was wiped out, BJ started ferrying bered for many things, but not the least of which hotel stairs, a broken ankle and a time on rentals in from the airport. In all, she ended is being famous among a certain select group for crutches. But, she returned to Richmond only up with 68 rental cars – it would have been the "melt in your mouth" chocolate candies she to be told to back her bags and head to Balti- 69, but BJ felt obligated to send back the pink provided as favors at events she organized. In more, Maryland. Cadillac convertible. Imagine BJ’s reaction addition to BJ’s many roles with RMA, she was when more than one examiner expected her active in volunteer work, including serving on the Maryland also had privately insured S&Ls and to resolve parking tickets! The Fed examina- board of the Longwood University Foundation FRB/Richmond management had been in tion team had 20 beepers, two walkie-talkies Fund, regularly donating blood, and participating touch with Maryland Governor Harry R. and a cassette tape recorder— on projects through the United Way Women’s Hughes to offer support. Maryland had 103 communication technology has come a long Leadership Group. For her sins, she remains a thrifts insured by the Maryland Savings-Share way since the 1980s! The Fed team was livelong fan of the Washington Redskins. Insurance Corporation (MSSIC), ranging in size also accepting and processing collateral, from $153,000 to $1.6 billion in assets, and pretty much anything it could find. A lot of it BJ started part-time at the Federal Reserve Bank open from a minimum of two hours one night a had to be rejected as it did not quality. A of Richmond in 1973 as a receiving clerk in the week to being full-service financial institutions. running joke was that new examiners should Money Department. After graduating with a BS BJ went to Baltimore with the mission to locate be trained like repo men to go out and collect degree in education from Longwood College in thrifts, set up a contact person for each one on collateral. 1975, she taught kindergarten for one year in Isle and establish a basis for providing discount of Wight County before returning to Richmond to window credit to the institutions. Retirement (in her own words): “In retire- start on a Master’s in education, supporting her- ment - I have been staying up way too late self through substitute teaching in Henrico County Soon after that, FRB/Richmond staff joined watching Leno and Fallon, and then sleeping and continuing to work part-time at the Fed.