paBanker
The Official Magazine of the Pennsylvania Bankers Association
This Issue:
2011-2012 PBA Board of
Directors
PBA Schools Honor Students
2011 PBA Annual Convention
Wrap-Up
PBA Advanced School of Banking
Year 1
MINIMIZING RISKS OF ACCEPTING INSTRUCTIONS UNDER POWERS OF ATTORNEY:
LIVING WITH THE CONSEQUENCES OF VINE V. COMMONWEALTH
U.S. TREASURY CIRCULAR 230 NOTICE
FLOOD INSURANCE INQUIRIES FOR FDIC OMBUDSMAN
Volume 13.4
July-August 2011
paBanker
The Official Magazine of the Pennsylvania Bankers Association
BRINGING TIMELY NEWS AND INFORMATION TO THE MEMBERSHIP OF THE PENNSYLVANIA BANKERS ASSOCIATION
FEATURED ARTICLES
-INIMIZING2ISKSOF!CCEPTING)NSTRUCTIONS5NDER
0OWERSOF!TTORNEY,IVINGWITHTHE#ONSEQUENCESOF
Vine v. Commonwealth ............................................ 0AGE
534REASURY#IRCULAR.OTICE ................................ 0AGE
&LOOD)NSURANCE)NQUIRIESFOR&$)#/MBUDSMAN ........ 0AGE
SPECIAL FEATURES
0"!&ALL'ROUP-EETINGS................................... 0AGE
0"!3CHOOLOF4RUST ........................................... 0AGE
0"!"OARDOF$IRECTORS ....................... 0AGE
0"!3CHOOLS(ONOR3TUDENTS............................... 0AGE
0"!#ONVENTION7RAP5P ........................... 0AGE
IN EVERY ISSUE
#HAIRMANS2AMBLINGS .............................................. 0AGE
&ROMTHE#%/ ............................................................. 0AGE
7ELCOME.EW-EMBERS .............................................. 0AGE
4ENON.............................................................. 0AGE
#OMMUNITY.EWS ................................................. 0AGE
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6OLs*ULY!UGUST
3
GOVERNMENTRELATIONS
-INIMIZING2ISKSOF!CCEPTING
)NSTRUCTIONS5NDER0OWERSOF!TTORNEY
,IVINGWITHTHE#ONSEQUENCESOFVine v. Commonwealth
ABOUT THE AUTHOR:
Raymond P. Pepe1
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CONTINUED ON PAGE 23 f
1
6OLs*ULY!UGUST
GOVERNMENTRELATIONS
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ATTORNEYISEXECUTEDUNDERTHELAWSOFANOTHERJURISDICTION
4
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UPDATEONPAGE
6OLs*ULY!UGUST
ORCONTAINSUNUSUALTERMSANDCONDITIONSANOPINIONOF
THEPRINCIPALSCOUNSELMAYBEREQUESTEDCONlRMINGTHAT
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U.S. TREASURY CIRCULAR 230 NOTICE: 7E
INFORMYOUTHATUNLESSEXPRESSLYSTATEDOTHERWISEANY
53FEDERALTAXADVICECONTAINEDINTHISCOMMUNICATION
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BASEDONTHETAXPAYERSPARTICULARCIRCUMSTANCESFROMAN
INDEPENDENTTAXADVISOR 0"!
ABA’S SUMMER LEADERSHIP CONFERENCE,
STATE ASSOCIATIONS AND BANKERS
JOINED TOGETHER TO DELIVER CHECK TO
ABA BANKPAC
(Above): Jeff Plagge, Chairman, National BankPac Committee, President,
Northwest Financial Corp, Arnolds Park, IA. Elmer C. Laslo, President
and Chief Executive Officer, 1st Summit Bank, Johnstown, PA. Robert
P. Oeler, President and Chief Executive Officer, Dollar Savings Bank,
Pittsburgh, PA. Thomas M. Petro, President and Chief Executive Officer,
Fox Chase Bank, Hatboro, PA, and Steven Wilson, Chairman, ABA.