In This Issue:

- Another Perspective - James C. Cherry, Chief Executive Officer, Park Sterling Bank:

With more than three decades of experience in banking in North Carolina and Virginia, Park Sterling's CEO James C. Cherry has a lot to say about the state of community banks and their future...

- Drive-Thru: Barnett's Five Rules of Business:

1. Follow the Golden Rule. You cannot go wrong treating the other man as you would be treated. 2. Give a man 50 cents if you can make a dollar out of him. In other words, be liberal in your dealings but always have a net profit. Do not do business at a loss...

- Cyber-Risks 2015: A Board Primer:

Cyberattacks are not only increasing in sophistication, but also are increasingly focusing on smaller financial institutions. It is incumbent on the board to address cybersecurity proactively and to plan for the eventual cyberattack, in whatever form it may come...

- Guarantors Can Use Anti-Deficiency Statute in North Carolina:

The North Carolina Supreme Court recently handed down the final word in a dispute over whether guarantors get the benefit of the state's anti-deficiency statute after the lender bids on and buys the real property at a foreclosure sale...

- Response Plan Rewind: The Essentials of Data Breach Response Plans:

On the 10-year anniversary of the Interagency Guidance, financial institutions should take a critical look at their response programs and refresh their knowledge about the key components of a defendable response...