Active (Bank) Membership :
[ Apply for membership ]
Eligibility :
Membership is open to any national bank, state bank, savings institution, banking firm or trust company in Virginia which
conducts its business as a community bank. A community bank is one which has its own name, board of directors and management,
and which gathers deposits and makes loans primarily within a specific localized trade area.
Dues Structure :
Dues are based on a bank's asset size, as of September 30th each year. The dues schedule is:
| Up to $25 Million | ......... | $ 500
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| $25 Million to $50 Million | ......... | $ 700
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| $50 Million to $75 Million | ......... | $ 800
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| $75 Million to $100 Million | ......... | $ 900
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| $100 Million to $200 Million | ......... | $1,100
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| $200 Million to $400 Million | ......... | $1,200
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| Over $400 Million | ......... | $1,300
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| Branch Assessment (per branch) | ......... | $25
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Benefits :
- Advocacy : VACB is instrumental in promoting the agenda of Virginia's community banks. Both VACB Officers and Leadership Bankers work with legislators, regulators and the media to ensure that the position of local financial institutions is always represented.
- Resources : VACB Member Banks receive a monthly newsletter, The Update, with articles on industry trends, legal briefings and banker news. Members also receive additional publications, such as the Membership Directory and the Associate Directory.
- Educational Seminars : Member banks may register to attend seminars and conferences at half-price fees. On site educational programs are offered for CEOs, Board Directors, Compliance Officers, Internal Auditors, Security Officers, and Lenders. Many members also participate in the distance educational programs through the VACB teleconferences and webinars on a variety of topics.
- Bank Directors Programs : Each Spring, the VACB hosts the Board of Directors Conference at a resort location. This two-day event features industry speakers on essential and timely topics, which address the roles and responsibilities of Board members. Additionally, there is an online educational course offered for bank directors.
- Annual Member Convention : Each Fall, the Association welcomes members, associates and guests to a three-day event, highlighted by speakers, exhibitors, industry representatives and entertainment. This is the premier networking opportunity for our community banking industry.
- Banking Solutions : The products and services spotlighted by the VACB are designed for the community bank market. These solutions are provided by our VACB associate members, to advance the competitiveness and viability of our community banks.
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Associate (Business) Membership :
[ Apply for Associate membership ]
Eligibility :
Any person, firm or corporation in accord with the purposes of the Association
its eligible for membership with Board approval. Associate members shall be entitled to
all privileges and courtesies of the Association, with the exception of voting privileges.
[ Becoming an Endorsed Provider ]
Dues :
1 - 24 Employees = $600
25 + Employees = $1,000
Benefits :
- Access : You can participate in the VACB Annual Convention as an attendee and / or exhibitor; this meeting is held each October at a four-star resort.
- Exposure : You will receive a free listing in the annual membership directory and the summer directory of VACB associates. Both publications are mailed to all CEOs and leadership bankers in VACB. You will also be listed on the VACB website with a hyperlink to your website.
- Information : You will receive a free subscription to the VACB monthly newsletter, The Update, which is read by hundreds of bankers. You are invited to submit educationally oriented articles for the Update.
- Advertising Opportunities : You can place ads in the VACB Membership Directory, in the Update, or advertise on the VACB website.
- Training : You are invited to attend our quality training programs at member rates. Learn first-hand the functional concerns of bank presidents, directors, operations officers, internal auditors and compliance officers. When appropriate, associates may be asked to speak at special interest seminars.
- Recognition : You will be recognized among VACB's bankers as a supporter of the community banking industry.
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