Apparently the volume knob on bank 1 and bank 2 have separate settings.
This alone wouldn't be a problem except when I adjust the volume knob/LevelEnc on bank 2, I can adjust the settings and store them but when I turn the keylab on and off again, the volume knob on bank 2 doesn't stay saved.
Right now on Bank 1 my volume knob is set to relative mode set to CC:007 while Bank 2 always keeps setting as absolute mode and CC:000 when I turn it on.
Please fix this in the next firmware update.