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Aug. 2, 2019


SB 157 Shared Deposit Implementation on Track

A third and what we expect to be the final in-person meeting was held this week with State Treasurer Lynne Riley and the stakeholders involved in implementing SB 157, the shared deposit legislation related to public depositor accounts passed during this year’s legislative session. As a reminder, the bill expands to public depositor transaction accounts the current authority to use shared deposits programs with time deposits, like CDARS, to avoid collateralization. GBA’s Joe Brannen and David Oliver are on the implementation team that has been reviewing various drafts to present to the State Depository Board. Read more about the implementation status here.

GBA Urges More Credit Union Oversight

This week GBA joined bankers associations from every state and Puerto Rico in calling on Congress to beef up its oversight of the tax-exempt credit union industry and the NCUA. Our joint letter to members of the House and Senate tax-writing committees, along with the Chairmen and Ranking Members of the House Financial Services Committee and Senate Banking Committee, points out some serious concerns. Get more info about the letter’s contents here.

FDIC Community Bank Advisory Committee
Finalizing Community Bank Leverage Ratio a "Front Burner Issue" for FDIC

Georgia’s community banks were well represented Tuesday during the FDIC Community Bank Advisory Committee meeting. United Bank CEO Jim Edwards is a member of the committee, and he shared this summary with us…

State of Georgia Argues Against CFPB’s Single Director Structure

Georgia, as represented by Attorney General Chris Carr, is among several states signed on to an amicus brief in a case before the U.S. Supreme Court arguing that the CFPB’s single-director structure violates the separation of powers required by Article II of the U.S. Constitution. Read more about the case here. Other states party to the brief are Texas, Arkansas, Indiana, Kansas, Louisiana, Nebraska, Oklahoma, South Carolina, Tennessee, Utah and West Virginia.

Perdue Pushing for Faster Reg Reform Implementation

Georgia Sen. David Perdue is among 13 Republicans from the Senate Banking Committee that want regulators to pick up the pace of implementing reforms required by S. 2155, which was signed into law in 2018. The Senators want to see the Community Bank Leverage ratio set at 8%, faster implementation of the short-form call report and other measures. They also implore agencies to help banks during the coming CECL transition and more. We appreciate Sen. Perdue’s work to speed up the reforms. Read their letter to regulators here.

Fraud Alert
Be Aware of East Georgia Wire Fraud Scam

This week we heard from a member community bank CEO in a fairly rural market in east Georgia. He wanted us to let members know about a scam going on in his community involving an elaborate spoof and information stolen from the county’s computer system. Read the full story here, and remember to be aware that fraudsters are getting more clever and bolder all the time.

HMDA Rulemaking Comment Period Re-opened

The CFPB has re-opened the comment period for some parts of its proposed rulemaking of Regulation C, which implements the Home Mortgage Disclosure Act. The bureau is looking for additional comments about proposed changes for the coverage threshold for closed-end mortgage loans, proposed changes to the permanent coverage threshold for open-end lines of credit, and the appropriate effective date for any change to the closed-end coverage threshold. Comments must be received by Oct 15. The notice announcing the reopening of the comment period is available here.

How BankWork$ Is Preparing New Banker Talent

Earlier this year, GBA endorsed the BankWork$ banker training program being provided by the Urban League of Greater Atlanta. The eight-week program prepares candidates for front-line jobs at banks, and it has been a big success since it started in March 2018. To date, 87 people have entered the program with 65 graduating. At least 26 graduates have been hired by partner institutions including Bank of America and Citizens Trust Bank, both of which have made multiple hires from the program. The list of hiring institutions also includes BB&T, Fifth Third Bank, PNC, Regions Bank, SunTrust, Wells Fargo and Woodforest Bank. Read more about the program here. For more information, visit www.ULGATL.org or contact the Urban League’s Johnette Brown, 404.659.6584.

State Hemp Rules Comment Period Open

The state has issued its proposed rules for hemp farming, as allowed for by legislation signed into law this year. The comment period on the rules runs until Aug. 12. The basic rules will require growers to pay an annual fee for a license of $50 per acre, up to a $5,000 maximum. A permit to process and make hemp products would cost $25,000 up front and $10,000 annually. Applications may be made when the U.S. Department of Agriculture approves the program. Get details and read the proposal here. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027. See below for a related learning opportunity coming up.

Compliance Conference - Sept. 18-20

Weeding Through the Risks of Banking the Cannabis Industry

The cannabis industry can be hazy for financial professionals when deciphering what is legal at the federal level and what has passed for each state. Is it safe from a regulatory standpoint to provide traditional banking services to cannabis-related businesses? We'll have a good update about this from Terri Luttrell, compliance and engagement director, Abrigo, during our Compliance Conference coming up Sept. 18-20. Learn more about her session and the conference here.

Copeland and Brannen Serving on Georgians First Commission Task Forces

The Georgians First Commission was created by Gov. Brian Kemp to review state regulations, policies, and procedures to streamline government, remove inefficiencies, and secure Georgia's place as the top state for small business in the country. A number of working groups are being appointed, and GBA’s chairman Chuck Copeland, president and CEO of First National Bank of Griffin, as well as GBA president and CEO Joe Brannen are serving on two of the Task Forces. Read more here.

2019 BankPAC Campaign

The second week of the 2019 BankPAC Campaign has not disappointed! Thanks to these banks for contributing to the GBA FedPAC and StatePAC. Here are the contribution forms for each fund. Also, here’s a chart showing how your GBA Group has already begun participating this year. With questions, please call Elizabeth Chandler at 404.420.2027.

Last Chance to Register!
Small-Bank Consumer Real Estate Compliance and HMDA Reform

On Aug. 8 at Middle Georgia State University in Macon, Steve Moore of Bank Compliance Services will address the challenges faced by small banks in today’s regulatory environment. The context for the discussion will be TILA, RESPA, Flood Insurance, and HMDA rules. The discussion will also address the various financial and operational considerations of CRE lending by small banks. The presentation will be primarily from the banker’s perspective, and we will discuss pros and cons of these regulatory rules and the various business challenges faced when offering CRE loans. Click here to see topics to be covered. To register, click here. Registration is $275 per person. With questions, please contact GBA's Jenna Lynn Warner, 404.420.2035.

The BSA Experience Session Highlight
Currency Transaction Reporting, Documentation and Monetary Instruments

During the BSA Experience Aug. 20-23 at Middle Georgia State University in Macon, Doug Mims, partner, Carr, Riggs & Ingram, will take attendees through CTR requirements, when financial institutions may exempt a customer based on Phase I and Phase II exemptions, how to monitor and frequent audit findings based on known gaps in a financial institution's CTR process. Click here to read more about his session and this brand-new event presented in partnership with Terri Sands, Secura Risk Management.

Financial Risk Management Conference
Trends for 2019 that will Change How Your Bank Does Business

At this year's Financial Risk Management Conference coming up Nov. 7-8, Chris Nichols, Chief Strategy Officer, CenterState Bank, will discuss 10 actionable trends that are already in process of changing the face of banking. More than technology, he will look at concepts that all managers and board members should consider when managing their strategic plan. Read more about his session and get registration information here. Participants can earn up to 8 CPE credits. Georgia Bankers Association is a NASBA-sponsored organization. With questions, contact GBA’s Alison Moreau, 404.420.2034.

FMS Helps Banks with Marketing, Branding, Social Media and More

Digital marketing channels such as email, social media, blogs, online display ads, search engine optimization, and search engine and mobile marketing are important for winning new business from today's bank customers. GBA Strategic Partner Financial Marketing Solutions, or simply FMS, is a group of strategists and creative thinkers who serve banks, and only banks. The bank brands and other projects that endeavor to create are unique, crafted with care, personal devotion and obvious passion. Creativity is critically important to them, but their work also has to be strategic or it’s just marketing fluff. FMS knows that a solid brand campaign will accomplish goals, impact the bottom line, affect positive change and be memorable recognizable no matter where your customers are. The GBA has been proud to endorse FMS as a GBA Strategic Partner since 2007. For more information, please contact Sean Hockenbery at 615.591.2073.

Attention Lending Pros - Sign Up Today for 2019 GBA Credit Conference

Be sure your calendar is marked for the 2019 GBA Credit Conference Dec. 5-6 at the Atlanta Renaissance Waverly Hotel. Chief credit officers, bank executives, and lending officers from across the state will gather to get the latest industry information in the credit arena. Preliminary conference highlights include CRE with Cal Evans, Synovus, an economic update from Roger Tutterow and an economic development panel. We are excited to have Georgia Agricultural Commissioner Gary Black for an update on Georgia’s number one industry. Get more info here.

With Discover® Debit, Your Bank Will Develop a More Profitable Debit Program

The Discover Debit program makes your brand stand out above the rest. The list of Consumer and Business Card Benefits available through Discover’s program are simply unmatched. Here are just a few of the valuable options your bank can choose from. Discover Debit is also the only program that delivers superior economics, simplified rules, fee transparency and unmatched program flexibility. Discover Debit is an offering of the PULSE Network, a Discover Company. With questions, contact Mark Reda, 813.854.2210.

Optimize Your Bank and Staff Performance with ABA Online Training

Check out these 12 courses scheduled from August through September. ABA online training includes peer interaction to maximize your learning experience, experienced instructors provide feedback and context, and the convenience of weekly scheduling. Any employee of a GBA member bank can participate at the member rate. Your bank does not have to be an ABA member. For more information, contact Shan Haugabrook, 404.420.2020. Click here for a list of all ABA offerings.

Tailored Training Focused on Community Banking

Community banks face increasing competition from non-traditional sources, a changing branch model, increased consolidation and staffing strategies. Making every customer interaction count is imperative to your bottom line. Meet these challenges, stay competitive, help attract and retain talent with ABA’s Community Bank Online Training Suites. GBA members get a discounted rate, and you don't have to be an ABA member to register. Click here to see courses in the training suites. For more information, contact Shan Haugabrook, 404.420.2020.

Recruit, Retain and Develop the Best Bankers with GBA Career Solutions

GBA Job Bank - GBA will post open positions, free of charge, for GBA members. See the open positions in Georgia here. We will also post professional summaries for bank-job seekers on our Bankers Available page. To make the process easy and answer any questions, we've developed this
Q & A. Please contact Katina Prokos, kprokos@gabankers.com, 404.420.2021.
GBA Strategic Partner BankTalentHQ - The central feature of BankTalentHQ is its national bank-job board. Other key benefits include: resume search access, regional and national reach for your open positions, frequent special offers and custom sales/coaching programs. Visit BankTalentHQ to learn more. See the open positions in Georgia here, or search regionally or nationally here.
GBA’s Career Paths for Bankers™ - GBA’s Career Paths for Bankers™ is the most unique, organized and easy-to-use career development resource available for bankers and banks. GBA’s pioneering career development resource is unlike any other in the banking industry. Click here to start mapping your banking career today.
Why do people choose careers in banking? Whatever their talents, interests and educational background, there is a career in banking for them. Here are few good reasons to share with folks you know.
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...
Georgia Primary Bank
First National Bank
First Port City Bank
Pineland Bank
Century Bank and Trust
Rabun County Bank
Georgia Community Bank
First National Bank of Coffee County
The Peoples Bank
Pinnacle Bank
PrimeSouth Bank
Read All About It: Send Us Your News
We want to share your news with your colleagues around the state. Please forward your announcements about promotions, new employees and special recognition your bank has received along with any available photos to GBA's David Oliver and Katina Prokos.

Attention Attorneys!
Status of Important Cases
August 2019