April 13, 2018       

GBA, Others Urge ‘Swift Passage' of Reg Relief Package
We joined with other state bankers associations this week in urging the U.S. House of Representatives to quickly pass the significant bipartisan, regulatory reform package recently passed by the U.S. Senate, S. 2155. In a letter we co-signed to House leadership, we recognized the significant work already done by the House that helped shape the provisions in the Senate's bill. "S. 2155 reflects a careful, bipartisan and reasoned approach that aims to build upon the regulatory progress of recent years while making targeted, commonsense fixes that reinforce the ability of our nation's banks to serve their communities. In doing so, this legislation strengthens the overall health and safety of our financial system," the letter said. Read the letter here. We'll be discussing this, among other issues, on our visit with members of the U.S. House Delegation in Washington, D.C., April 23-25. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.
Welcome Seven New Associate Members!
The GBA Board of Directors this week approved seven new Associate Member companies for GBA. Please get to know these new organizations and thank them for their support of GBA by clicking through below. You can get information on all of GBA's Associate Members by using the Associate Member Search Function on our website. Please give these members an opportunity to earn your business if you have a product or service need they provide. Click here to see the complete roster of new Associate Members...
New Georgia Banking Update Published
Check out the latest version of the GBA Georgia Banking Update. We've compiled the most current public facts, figures, stats and summaries about all things banking in Georgia. This member resource can help you with meetings and presentations to public groups, investors, employees and policymakers. Updated info includes performance data, changes to the overall makeup of the banks that do business in Georgia, a summary of this year's advocacy during the Georgia General Assembly session and a national issues brief. Here's the April version. It's always available on the home page of our website, also.
Economic Update Speaker Set for Annual Meeting
We've set the speaker for our Economic Update at the GBA Annual Meeting this June. Alex Lin is a U.S. economist at Bank of America Merrill Lynch Global Research. In this role, he works closely with the team's macroeconomic models and assists with coverage of the U.S. economic data flow and news. He contributes regularly to the group's flagship publications, Morning Market Tidbits and the US Economic Weekly. Alex will highlight business performance trends and detail how headline issues such as trade policy, employment and labor, housing, monetary policy and other factors are affecting the regional, national and international economy. GBA's 2018 Annual Meeting is set for June 17-20 at The Ritz-Carlton, Half Moon Bay, CA. Click here to register online...
Cyber Insurance Highlighted in FFIEC Bulletin
With cyber attacks high atop the list of security concerns for banks, many have purchased or are considering cyber insurance policies. In a joint bulletin with other banking regulators this week, the FFIEC highlighted how it and the regulatory agencies view cyber insurance as part of a bank's risk management strategy. Cyber insurance is not required, but it can be a helpful mitigating risk. It also noted that cyber insurance is only one component of a solid overall cyber defense strategy. ABA Insurance Services, GBA's endorsed insurance provider, offers cyber insurance policies that cover a range of cyber and privacy exposures, including data breach liability, cyber liability and cyber publishing and social networking liability. Contact ABA Insurances Services' Patricia Williams for more information, 410.960.6878.
Last Call for Two In-Person Programs!
Cash Flow Analysis Seminar - April 17

Peter Faser of SunTrust Robinson Humphrey will provide an introduction and practical approach to Cash Flow Analysis April 17 at Idle Hour Country Club in Macon. Basic knowledge of accounting is suggested but not required. Click here to register online...
New Account Documentation & Compliance Seminar - April 18
Suzie Jones of Training Resources Consulting, LLC, will teach new account personnel about crucial pieces of information for every new account, the fundamental questions that should be asked of every potential accountholder and much more. Click here to register online...
Peanut Markets Expert to Speak at Rural Development and Lending Conference
The GBA Agriculture Committee is excited to welcome Dr. Marshall Lamb, a supervisory research food technologist at the National Peanut Research Laboratory in Dawson as a speaker at thehis year’s Rural Development and Lending Conference. Dr. Lamb will discuss the U.S. peanut market and it's impact on Georgia's peanut industry. Ag lenders would be nuts to miss this conference (yes--we had to go there). Click here to register today…
eSecurity Leaders Huddle at Annual Conference
Georgia's top bank security professionals spent time this week together sharing best practices and learning the latest ways to protect bank employees, customers and assets. GBA's annual Security Conference kicked off Thursday with a full slate of networking and educational sessions. Topics covered included elder financial protection, equipment and building security, technology advances, ID theft prevention strategies and more. "In the Security profession, strong relationships with our peers are essential for intelligence sharing and collaboration that simply make it harder for the bad guys out there. The GBA Conference helps cement those relationships, and that's just one reason it's such a good event," said GBA Security Committee Chair Brian Frederick, Altamaha Bank & Trust Company. Congratulations to Frederick, Vice Chair Angela Slay, United Community Bank, and the entire committee for a successful program. Thanks also to these sponsors and exhibitors who attended and supported our members. With questions, contact Kathy Friestad, 404.420.2024.
A Banker's Perspective on Bank Security at Leadership Conference
While physical security is critical, banks and financial institutions are also legally obliged to protect customer data to maintain the security, integrity and confidentiality of their information. Pete Stuart, senior vice president, State Bank & Trust Company, will share his perspective, including real life stories, about the various areas of bank security and what you can do to improve security in your bank. Leadership GBA's annual Leadership Conference is July 16-19 at the Ponte Vedra Inn & Club, Ponte Vedra, FL. Check out the conference brochure and register online on the GBA website.
CFPB Roundup
Mulvaney Notes HMDA Reconsideration, Comments on Complaints Sought

There were a couple of CFPB items in the news this week. Acting Director Mick Mulvaney spent a couple days testifying before Congress as is required twice yearly. Of note in his remarks was that the bureau intends to reconsider various aspects of the 2015 HMDA rule, such as reporting thresholds and transactional coverage and reconsider data points not mandated by the Dodd-Frank Act. Also, the bureau released a request for information about its handling of consumer complaints and inquiries. It's the 12th in a series of information requests from the bureau as it looks to improve consumer outcomes and its oversight of covered entities. Here's the RFI...
PayPal Again Entering 'Unchartered' Waters with New Banking Services/Partners
Paypal is stepping up efforts to deliver more basic banking features to its service. News stories out this week chronicle how PayPal recently has been marketing FDIC insurance for certain balances, a debit card that can access ATMs, direct deposit by employers and mobile-image check deposit services. Because the company doesn't have a U.S. banking license, it is working through a number of small banks to provide access to the features. A bank in Georgia provides the mobile-image deposit service, a bank in Delaware issues debit cards and a Utah bank is the conduit for consumer and business loans. Read more here...
The Information Security Officer (ISO) Seminar - May 1
Managing Vendors as an ISO

GBA's Information Security Officer seminar May 1 at Idle Hour Country Club in Macon will dive deep into the ISO's regulatory requirements and internal responsibilities, including third-party management. Current and prospective ISOs, network administrators and compliance officers will all benefit from attending this seminar, where participants will receive helpful checklists and whitepapers as well as Certificates of Completion. During this year's session, Tom Hinkel of Safe Systems will cover the following...
South Georgia Community Bank Symposium - May 16
Economy, Real Estate Take Focus for South Georgia Bankers

South Georgia bankers shouldn't miss GBA's next South Georgia Community Bank Symposium on May 16 at Valdosta State University. Presented in partnership with the university's Langdale College of Business, this event features experts who will focus on the challenging issues facing today's banking industry. Topics to be covered include...
Important Pay Law Update from GBA Strategic Partner ELC
On Monday, a federal appellate court issued a decision that will gain significant publicity and will likely impact the banking industry. The Ninth Circuit Court of Appeals addressed the viability of a common defense to compensation discrimination claims advanced under the federal Equal Pay Act. The Equal Pay Act requires that men and women be paid similar compensation when they perform the same work responsibilities. The decision is not necessarily binding across all parts of the country, but the Court does note similar conclusions by other federal courts of appeals. GBA Strategic Partner Employment Law Compliance (ELC) reported to us this week that they are hearing about developments at the state and local level too. Read their full E-Lert here. Please contact ELC's Steve Greene for more details.
Secure Screening Solutions for First Advantage
GBA is pleased to endorse the Employment Background Screening and Fingerprint Services available through First Advantage, a Symphony Technology Group company and leading global provider of screening analytics and identity solutions. First Advantage screening solutions help provide confidence that your bank is making sound staffing decisions. First Advantage's background checks empower you to make the right decisions quickly about the people you hire—-whether they are contractors or employees. Best practices allow you to manage workflow efficiencies more effectively and maximize the value of your investment. Benefits include…
Fill a Job, Find a Job with the GBA Job Bank
The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available sections on our website consistently are among the most visited pages. Best of all, the service costs nothing for member banks and bankers. To make the process of posting a job or resume easier and to answer any questions you may have, we've developed this Q & A document as a resource. It outlines how to submit open positions and resumes, our deadlines and timelines for posting, and other helpful details. If you have any questions, please contact GBA's Bo Brannen at 404.420.2014.
GBA Community Connections
We want to share all the good work GBA member banks, bankers, Associate Members and Bank Counsel Section members do to support their communities. Read all about the Community Connections our banks and members have below. Share your Community Connections by sending a brief paragraph and any photos of activities you have to us and we'll publish them at our earliest opportunity. Send information to Bo Brannen and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment...
First American Bank & Trust
Private Bank of Buckhead
First Madison Bank & Trust
Small Business Access Partners
Read All About It: Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's David Oliver and Bogan Brannen.