September 14, 2018    

Eavenson Makes the Case for Community Banks to DOL about Overtime
Last week the Department of Labor conducted a listing session in Atlanta to discuss changes to the federal overtime exemption standards. This has been a controversial issue for a number of years, and one that could be very disruptive for our members. Jennifer Eavenson, human resources director for United Bank, addressed the DOL officials about bank needs and concerns. Among other things, Eavenson discussed how changes to these overtime exemption standards could adversely affect employees, customers and banks. She also articulated regulatory changes that would be acceptable to the industry. Jonathan Thessin of the ABA and Steve Greene of GBA Strategic Partner Employment Law Compliance conferred with Eavenson for this presentation.
Loudermilk and Scott
Loudermilk, Scott Vote for Key Compliance Bill Voted out of Committee
The House Financial Services Committee Thursday approved a bill that would require the Bureau of Consumer Financial Protection (BCFP) to issue authoritative written guidance in connection with any official rulemaking it issues. Georgia's representatives on the committee, U.S. Reps. Barry Loudermilk (R-GA11) and David Scott (D-GA13) were among the bipartisan group who voted for the legislation (H.R.5534, the GUIDE Compliance Act). We shared direct feedback from member bankers this week with Rep. Loudermilk about how this bill would help fix one of the most frustrating aspects of the entire BCFP regime, namely that rulemaking occurs with no official guidance. Read more here, and we’ll keep you posted on the bill as it progresses in the House.
Permanent Relief Granted for Beneficial Ownership Rules on Auto-Renew Products
The Financial Crimes Enforcement Network on Friday announced that it would grant relief from beneficial ownership requirements for certificate of deposit rollovers and loans that renew automatically; loans where the renewal, modification or extension does not require underwriting; and safe deposit box renewals. The exception applies to rollovers, renewals, modification or extensions occurring on or after May 11, 2018. After FinCEN granted temporary relief earlier this year, we were pleased to see the permanent exception. Read the press release here.
DBF Clarification
Legal Lending Limit on Combining Loans Examples Given

We encourage members to take a close look at this month’s Financial Institutions Today bulletin released last Friday from the Georgia Department of Banking and Finance. The lead article includes three examples to help clarify the Department’s interpretation of Rule 80-1- 5-.11, which deals with the combination of debt for legal lending limit purposes. Deputy Commissioner Melissa Sneed mentioned this at the GBA Compliance Conference Wednesday. Read the bulletin and examples here. More about the Compliance Conference below. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.
Member Profile - Virginia Harman
Herpetology Rescue is Banking Lawyer's Unique Pastime

When she’s not helping her bank clients avoid legal issues, you might find Virginia Harman in a neighbor’s back yard peacefully scooping up a snake to relocate it. “A life-long interest in snakes and turtles has led me to pursue, with my two daughters’ help, becoming a licensed rescue and rehab facility for wild life specializing in herpetology. I am already called on quite often to come move and relocate snakes for local folks who are scared but have learned that killing snakes is NOT a good or necessary thing,” she tells us in this week’s GBA member profile. Harman, partner at McRae, Smith, Peek, Harman, & Monroe, LLP and vice chair of GBA’s Bank Counsel Section, shares her views about her work for her financial industry clients, how bankers have adjusted since the downturn, two very important people in her life and the value of GBA’s Bank Counsel Section. Read her profile here…
Related: Register before Friday to get the early-registration pricing discount for the GBA President/CEO, Bank Counsel and Bank Accountant conferences that are Sept. 30-Oct. 2 at the Ritz-Carlton Reynolds, Lake Oconee.
Coyle and Johnson
Georgians among New BCFP Consumer Advisory Board
Two Georgians are among the 10 members of the Bureau of Consumer Financial Protection's re-constituted Consumer Advisory Board. They are Liz Coyle, executive director, Georgia Watch, and Ronald A. Johnson, president, Clark Atlanta University. "Today, I am appointing experts to the Bureau’s advisory committees who will bring a fresh perspective to our important work," said Bureau Acting Director Mick Mulvaney in a press release. "These experts are highly talented individuals in consumer finance markets, and we look forward to working closely with them throughout their service." Earlier this year, Mulvaney released the 25 previous members of the Dodd-Frank-mandated board. The bureau also announced new members of its Community Bank and Credit Union advisory councils, neither of which includes Georgia representation.
Bank Counsel Conference Spotlight
Latest Legal Trends, Power of Attorney, E-Signatures among Issues for Attorneys

If you are an in-house bank attorney or an attorney with a law firm that serves GBA member banks, be sure to attend GBA’s 2018 Bank Counsel Conference Sept. 30-Oct. 2 at the Ritz Reynolds, Lake Oconee. Two sessions are planned specifically for Bank Counsel attendees. Bill Custer, Jonathan Hightower and Rob Klingler of Bryan Cave Leighton Paisner, LLP, will discuss the top takeaways from the federal regulatory relief package, the continuing modernization of the Financial Institutions Code of Georgia, and case law developments. John Sillay of James Bates Brannan Groover, LLP, will check in about experiences in implementing Georgia’s updated Power of Attorney law that went into effect last year, and he'll share appropriate loan document language to allow electronic signatures. See more conference details here. Note: Friday is the early registration deadline.
Compliance Conference Rolls on
Georgia’s top compliance professionals have been at their annual conference this week in Peachtree City. The first day covered key national and state regulatory updates and consumer protection issues. The conference continued with loan compliance management sessions Thursday and Friday. See some of the early details here. Sterling Williams, Renasant Bank, Lawrenceville, chairs the GBA Compliance Committee responsible for the conference, and Margaret Davis, Commercial Banking Company, Valdosta, is vice chair. Look for more details, photos and sponsor and exhibitor recognition next week.
FDIC Examiner
Gary Clayton
Networking and freebies
Roundtable peer discussions
Modest Growth, Positive Outlook from Atlanta Fed
Hiring challenges and pressure to increase wages persist in the Federal Reserve’s Sixth District according to the most recent Beige Book for the region out this week. Those were the primary business challenges in the past month and a half, with contacts reporting ongoing moderate economic expansion and citing a positive overall outlook. Commercial real estate demand is high in the region, and residential real estate is showing modest growth. Banking contacts reported improved earnings, strong net interest margins and good credit quality. In the ag sector, August production forecasts indicated year-over-year increases in rice, soybean, and cotton, while peanut production was down. Year-over-year prices paid to farmers in June were up for corn, cotton, soybeans, broilers and eggs, while beef prices were down.
Last call! De Novo Bank Accelerator Webinar Series Begins Sept. 19
Time is running out to sign up for the De Novo Bank Accelerator Webinar Series presented in partnership with Troutman Sanders and Porter Keadle Moore. The first webinar in the series, Does my Community or Niche Need a De Novo Bank?, will be Sept. 19 at 10:30 a.m. GBA's Joe Brannen and David Oliver will join Porter Keadle Moore's Tim Keadle and Troutman Sanders' James Stevens for a discussion of recent trends and history of de novo formation in Georgia, the convenience and needs statutory factor and a basic outline for preparing a business plan. The series will explore all the steps investors and bank organizers should take and resources available to help accelerate the pace of de novo bank formation in Georgia. See the full webinar schedule and register here.
Learn How Video Can Make Your Bank Shine at upcoming Marketing Peer Group Meeting
Get a variety of easy-to-implement ideas to help your bank's video marketing efforts during the upcoming GBA Marketing Peer Group meeting. Third Wave Digital President Bart Campione and Digital Marketing Manager Alena R. Tyson will share tips and tricks for video production and marketing on Oct.23 at the fall Marketing Peer Group meeting. In their session, Campione and Tyson will highlight how banks can create videos and use those videos to tell a unique story, making them stand apart in the marketplace. They’ll discuss the conceptual process of video producing and best marketing practices for videos, whether they are created on mobile devices or with a big budget. You don’t want to miss this opportunity to learn from marketing experts. Registration is $125 per person. Click here to register online. With questions, please contact GBA's Jenna Lynn Warner at 404.420.2035.
Banker Feedback Sought for Rural-Area USDA Programs
Georgia bankers are invited to virtually attend any of a series of listening listening sessions to solicit feedback on a plan to increase access to capital in rural areas by streamlining regulations for the Business & Industry Loan Guarantee, Water and Environmental Program Loan guarantee, Community Facilities loan guarantee and Rural Energy for America Program loan guarantee programs. While there are no local physical sessions, bankers may attend by web broadcast. There are sessions Sept. 14, 19 and 20. Read details and the schedule here.
Southeast Georgia Community Bank Symposium - Nov. 1, Statesboro
Next Gen Bankers, Economic Outlook, Strategy and Real Estate on the Program

This week the program was released for this year’s Southeast Georgia Community Bank Symposium. GBA along with Georgia Southern University will host this annual event Nov. 1. The symposium will feature a session on the next generation of community bankers and expert speakers including Don Cox, GSU professor of finance and BB&T Distinguished Chair in Money & Banking. CEOs, CFOs, bank directors, senior lenders and senior retail bank managers should look to attend. Registration is $159 per person. Click here to register online. With questions, please contact GBA's Jenna Lynn Warner at 404.420.2035.
Ballot Reminder
Vote for FHLB Atlanta Directors

Please remember to cast your vote for FHLBank Atlanta directors in the election that’s ongoing. The GBA Executive Committee has endorsed Rick Whaley’s candidacy. Whaley has been an exemplary member of the Board and is currently serving as Vice Chair. The deadline to vote is 5 p.m. EDT, Thursday, Sept. 20, 2018. Eligible institutions in the bank’s district at-large will elect the one independent director. All elected directors will serve four-year terms that begin on Jan. 1, 2019. The FHLBank Atlanta emphasizes that an independent director nominee must receive at least 20 percent of the votes eligible to be cast to be elected, so please don’t sit on your ballot – send it in.
Crime and Punishment
Albany Robber Pleads Guilty, Smyrna Bandit Sentenced

Luis A. Mellado-Sanchez, age 20, of San Juan, Puerto Rico, pled guilty to robbing an Albany branch of Regions Bank on May 21. He could get 20 years in jail, a maximum fine of $250.000 or both. Details here. Donte Deshawn Alston has been sentenced 10 years, one month in prison, to be followed by three years of supervised release for the armed robbery of aFifth Third Bank in Smyrna, Georgia, and for brandishing a firearm during the commission of that crime in April 2017. Alston also led Marietta police on a high-speed chase while fleeing from the scene. Alston attempted to evade officers by speeding through a shopping center parking lot and local streets in excess of 70 miles per hour, before ultimately losing control of his vehicle in a residential neighborhood. Details here.
Risk and Credit Conferences Accepting Registrations
Don’t delay in signing up for the following two cornerstone fall GBA conferences.
  • Financial Risk Management Conference Nov. 7-8 in Atlanta - For CFOs and finance teams, this program includes two free pre-sessions, an economic update and sessions on liquidity, CECL, deposit pricing, payments and more. Get CLE credits for attending.

  • Credit Conference Dec. 13-14 in Atlanta - For credit and lending officers, this program includes a free conference pre-session about housing, a leadership talk, an economic update, an industry-development panel, a session about recruiting and retaining talent. More details coming soon.
With questions about any of these conferences, please contact GBA's Alison Moreau by email or at 404.420.2034.
2018 BankPAC Update
The 2018 BankPAC Campaign is going full force ahead and now is the time to join your fellow bankers across Georgia in contributing to this important statewide effort. Check out our new fillable forms for use in making contributions to the GBA StatePAC and GBA FedPAC and also see how your GBA Group is faring so far. Click here to see the bank CEOs, Associate Members and Bank Counsel Section members who contributed to the GBA StatePAC and FedPAC this week...
Spotlight Your Company’s Brand to Those Who Matter Most in Georgia
GBA’s Financial Institution Directory has been an indispensable tool for members for years. Don’t miss out on a chance to stand out above the competition by advertising in our upcoming 2019 edition. The GBA is excited to announce a partnership with E&M Consulting, Inc., to produce next year’s Georgia Financial Institution Directory. E&M will be managing the ad sales, creative design and formatting. They are very professional and produce a high-quality publication. If you have any questions or already know you would like to advertise, please contact E&M’s Rob Schmidt, 404.806.7204 or 800.572.0011. Don’t wait to grab this opportunity to build business with existing and prospective clients because space is limited.
Have You Talked with our Endorsed In-State Insurance Agents at McEver & Tribble?
With an independent insurance agent, you have choices. Independent agents aren’t tied to any one insurance company. McEver & Tribble is a full-service, property and casualty insurance brokerage firm that has been serving the Southeast for over 40 years and represents over 25 different insurance carriers. McEver & Tribble is proud to be the GBA’s in-state representative for the Bond and D&O Liability Coverage offered through GBA Strategic Partner ABA Insurance Services. The insurance pros at McEver & Tribble are focused on long-term relationships and providing first class customer service. Find out more about McEver & Tribble today by contacting W. Hayward McEver, 404.949.3825.
Why Should Your Bank Partner With ServiceLink National Flood?
With so many changes occurring to the FEMA flood maps, your bank is assured to receive both accurate and reliable flood zone determinations by going with ServiceLink. GBA endorses ServiceLink because it connects to 50 Loan Origination Software platforms and provides a superior experience using the most advanced technology. ServiceLink can also take over the life-of-loan tracking of your bank’s current servicing portfolio at no additional cost. ServiceLink is currently performing life of loan tracking on over 35 million properties. You can trust that you’ll receive on-time notification of FEMA flood status changes. Any time your team needs assistance, ServiceLink will be there. For more information, please email Virgil Draper at
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 Katina Prokos at 404.420.2021.
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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 Katina Prokos 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 Company
Community Bank of Pickens
South State
Barbara Tibbetts
Stephen Melton
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 Katina Prokos.