COMMITTEES ‑ FUNCTIONS AND RESPONSIBILITIES
COMMERCIAL LENDING COMMITTEE
This committee is responsible for: (1) suggesting changes in law and regulation affecting commercial lending ‑ both on the state and federal level, (2) developing programs to enhance commercial lending skills and techniques among members, (3) identifying important trends and issues affecting commercial lending in Vermont, and communicating these matters to the leadership of the Association and the members, and (4) in general, representing the Association in the field of commercial lending.
The Compliance Committee is responsible for increasing knowledge and awareness of compliance issues within the Vermont banking community. This committee is concerned with the financial institution's total compliance posture and will coordinate and augment the compliance efforts of other VBA committees from a more global perspective of regulatory management.
The committee will disseminate information independently or in conjunction with other VBA committees. The committee will also suggest changes in legislation through the VBA Government Relations Committee.
The committee will serve as a forum for the exchange of ideas, knowledge and experience in regulatory management. It will also serve as a "think tank" and will present workshops on issues of current concern in local and national arenas.
DEPOSIT & OPERATIONS
This committee is responsible for deposit and bank operations. It may sponsor conferences on current developments as well as suggest any changes in laws and regulations affecting deposit services.
GOVERNMENT RELATIONS COMMITTEE
The Government Relations Committee represents the Association and Vermont financial institutions in legislative and regulatory affairs. All questions in these areas will be referred to this committee.
This committee may seek legislation or take a position favorable or in opposition to proposed laws or regulations affecting banking. Caution is exercised by the committee in taking positions and should be taken only after consulting with the President of the Association or the Executive Council. This committee, as all the committees, represents the interest of all Vermont banking. Other committees may suggest needed legislation to the committee for action.
Close contact with the Vermont Commissioner of Banking on matters of legislation and regulation is also an important function of the committee. Periodic meetings with the Commissioner and his/her staff will be held as needed, for the purpose of promoting good communication and providing a sounding board for ideas or for problems within the industry.
HUMAN RESOURCES COMMITTEE
This committee is organized to establish and maintain among the human resource officers within the Association, the highest level of awareness and professionalism when addressing current human resource management issues and concerns; assist Vermont bankers regarding equal employment and affirmative action; establish personnel communications within the Association; to work in conjunction with other committees or general VBA training programs; and to maintain records on pay practices within the state. The committee may sponsor seminars on personnel matters.
INFORMATION SYSTEMS MANAGEMENT COMMITTEE
This committee is charged with considering current and emerging issues in information systems and technology and to sponsor conferences and seminars on related topics.
MARKETING & PUBLIC RELATIONS COMMITTEE
This Committee is responsible for marketing and public relations efforts sponsored by the Association. The Committee will in no way compete or replace any of the individual marketing efforts currently organized by individual institutions. The purpose of the Committee is to develop and implement strategies and programs that will create awareness about the banking community, educate individuals about our activities, respond to media, engage in legislative outreach, focus on financial literacy and other activities designed to present a favorable public image for all banks.
This committee is responsible for real estate financing and related consumer affairs. It may sponsor conferences on current developments in those areas.
The committee is responsible for: (1) suggesting changes in law and regulation affecting mortgage lending ‑ both on the state and federal level, (2) developing programs to enhance mortgage lending skills and techniques among members, (3) identifying important trends and issues affecting mortgage lending in Vermont, and communicate these matters to the leadership of the Association and the members, and (4) in general, represent the Association in the field of mortgage lending.
This committee is responsible for developing an awareness for bank security both physical and white collar, and should be a forum for continued strengthening of security functions and compliance and develop programs and seminars to advance the security of the member banks.
This committee is concerned in areas involved in settling estates, administering trust and guardianships and handling agencies in appropriate cases for individuals, business organizations and municipal and state governments as well as public, educational, social, recreational and charitable foundations and institutions.
The committee may sponsor or co‑sponsor a state‑wide conference(s) each year on the current developments in trust services. The committee is responsible for: (1) suggesting changes in law and regulation affecting trust services and operations ‑ both on the state and federal level, (2) identifying important trends and issues affecting trust services in Vermont, and communicating these matters to the leadership of the Association and the members, and (3) in general, represent the Association in the field of trust services.