June 21, 2019

GBA’s Canadian Invasion Imminent

More than 350 bankers, Associate Members and family members will be attending the 2019 GBA Annual Meeting in Banff, Canada, starting Sunday. Bags are packed, passports are secured and all the details are set for what promises to be an amazing event. Our program includes the latest intel on the economy, peer CEO best practices, leadership strategies, technology updates, the state of the association address by GBA Chairman John Hall, American Pride Bank, and an inspiring story of adventure and perseverance. We’ll elect and install new officers, recognize incoming board members and incredible careers in banking, and focus on a variety of technical issues in six breakout sessions. Members and families will also enjoy ample networking and peer connection time in the stunning Canadian Rockies. With questions about the meeting, please contact GBA’s Kathy Friestad at 404.420.2010.

Most Georgia-Based Banks Eligible for Streamlined Call Report

Regulators this week adopted a final rule making more banks eligible for a shorter version of the Call Report. The rule applies to non-complex banks with less than $5 billion in total assets, which means all but five Georgia-based banks will likely qualify to file the most streamlined version. Banks filing the FFIEC 051 Call Report will also see a reduction of the number of data items required in their first- and third-quarter filings. This was one of the provisions of last year’s regulatory reform law, S. 2155. More details here. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Advantages and Disadvantages of Bank Holding Company Structure

Over the years many of our members have formed bank holding companies to take advantage of certain additional permitted activities and other practical benefits. More recently, some banks have ditched the bank holding company structure as it no longer met their needs. GBA’s associate member Troutman Sanders recently published a list of the advantages and disadvantages of a bank holding company structure, and our thanks to James Stevens tor allowing us to share the list with all our members. With questions, reach out to James at james.stevens@troutman.com or 404.885.3721.

Building Work Ethic, Earning Your CRCM and Collecting Antiques with Angela Woodard

Angela Woodard, deposit compliance officer at SunMark Community Bank in Hawkinsville, started helping her dad in his clothing store when she was 12 years old, sweeping floors and emptying trash cans to work her way up. She had to earn his trust, doing progressively more challenging work until by age 16 she was able to open the store on Saturday mornings. "Until I learned and mastered whatever job he gave me, I couldn’t move on to the next one. I learned a lot in those first few years about hard work, how to earn my way up through the ranks and the importance of a strong work ethic," she says. A graduate of the GBA Basic and Advanced Compliance schools, At Large member of the GBA Compliance Committee and recent CRCM designee, Woodard says GBA training was instrumental in helping her pass her CRCM exam. She talks about the joy of cultivating relationships over the years with her "bank family," her hobby of collecting antique cameras and the career journey that led her to the area of bank compliance in the latest GBA Member Profile.

Overdraft Issues Get FDIC Supervisory Spotlight

Overdraft disclosure issues are one of the key items noted in the inaugural edition of the FDIC’s Consumer Compliance Summary Highlights. The publication summarizes findings from about 1,200 FDIC consumer compliance exams in 2018. Related to overdraft disclosures, FDIC said disclosure issues can crop up when processing systems use an "available balance" method to assess overdraft fees. Other issues noted included certain RESPA violations and finance charges and disclosures on lines of credit. Access the Supervisory Highlights publication here.
Related: We have a Strategic Partner that can help you with a fully-compliant overdraft program that focuses on a strong disclosure component. Find out more about how John M. Floyd & Associates can help.

Agencies Release List of Distressed or Underserved Geographies

The Board of Governors of the Federal Reserve System, FDIC and the OCC Monday released their 2019 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration. Available on the Federal Financial Institutions Examination Council (FFIEC) website, the criteria for designating these areas reflect local economic conditions, including unemployment, poverty and population changes. You can access the nationwide list here, and Georgia’s geographies can be found on pages 18-25.

Deadline Coming up for Comp. & Benefits Survey

The deadline for all data submissions for the GBA Compensation and Benefits Survey is June 28. The time between now and will go by quickly, so we encourage banks to start working on data entries. The more banks that participate, the stronger the end reports are for everyone. Participating banks save 70% off the price of the survey reports, which are the most comprehensive in the market. To access the survey website and participate click here. The password to access the site is GBA#2019. With questions and details about accessing the survey, contact David Oliver, 404.420.2036, or Randy McGraw at Matthews, Young - Management Consulting, 919.644.6962.

BofA’s Moynihan on Technology, Branches and Level Playing Fields

We saw a recent article in Fortune from an interview with Bank of America CEO Brian Moynihan. While the vast majority of our members have neither the scale nor budget the size of Moynihan’s, it was interesting to learn that 75% of the bank’s deposits are now made electronically, yet branch traffic remains high. Moynihan also talks about the growing threat from non-bank providers of traditional banking products and the need for a level regulatory playing field among all participants in the marketplace. Here’s a link to the article as it’s worth the read.

Thanks to GBA Strategic Partners Exhibiting at Annual Meeting

GBA Services Inc. wants to say a special thank you to all the GBA Strategic Partners exhibiting with us next week at the 2019 Annual Meeting in Banff. The time and resources these companies and individuals are putting up this year are clear evidence of their support of the GBA and our membership. We hope all our attendees will take a moment to personally express their appreciation during the event and consider these companies the next time they need one of the products and/or services they offer.
You can find a list of all our Annual Meeting Exhibitors here. Contact GBA’s Bo Brannen, 404.420.2014, with questions.

Recovering from Crisis Panel to Share Lessons Learned

In the last ten years, Danny Minick’s bank and community have experienced a tornado, hurricane, tropical storm and a texting data breach. At the GBA Leadership Conference coming up July 22-25 in Ponte Vedra, FL, Minick, who is with Citizens Bank of Americus, and Scott Beeley, Bank of Terrell, will share their wisdom and lessons learned when their bank teams had to face a variety of business interruptions due to natural and manmade disasters. Steven Roberts, Intercept Consulting Group, will lend his perspective as a vendor who has seen it all and will share what not to do when facing a business stoppage and possible loss of your data. Leadership GBA President Keith Anthony, Planters and Citizens Bank, will moderate the conversation. Don’t miss this and other great education sessions along with informal networking and friends and family time at the beautiful the Ponte Vedra Inn & Club. Click here for all the details, and to register. Contact GBA’s Kathy Friestad with questions, 404.420.2024.

2019 GBA Compliance Conference - Sept. 18-20, Peachtree City

As a bank compliance officer, you play a critical role in your institution's overall risk management strategy as you constantly monitor the effectiveness of your compliance policies and procedures. GBA’s annual Compliance Conference is an effective way for you to learn about the latest regulatory guidance and best practices in the compliance arena. Register now for the conference Sept. 18-20 at the Crowne Plaza Atlanta SW in Peachtree City. This year, the conference will devote a day-and-a-half to loan compliance and a full day to deposit compliance. You may register for the loan compliance sessions, deposit compliance sessions or both for the full conference experience. Click here to see a rundown of sessions.
Click here to register online and see hotel information. A complete agenda will be available soon. If you have questions, contact GBA’s Alison Moreau, 404.420.2034.

Low, Kremer Confirmed at Two Can’t-Miss GBA Conferences

Two member-favorite conferences are coming up that will help you stay plugged into the community of Georgia bankers and get the latest trends and insights into your industry. Here are new sessions confirmed:
  • President/CEO, Bank Counsel and Bank Accountant conferences Oct. 6-8 at The Ritz-Carlton Reynolds Lake Oconee. Chief Economist Chris Low of FTN Financial will be back this year to give bank executives, attorneys and accountants valuable insight on market trends and fiscal policy.
  • Women in Banking Conference Nov. 17-19 at Legacy Lodge at Lanier Islands in Buford. Attendee favorite Trudy Kremer of Jackson Spalding will join us again for the third installment of her interpersonal communication series, "Commanding Confidence."
To register or for more information, click the links above. With questions, contact GBA’s Kathy Friestad, 404.420.2024.

Earn Higher Revenue and Enhance the Account-Holder Experience with Deluxe’s Consumer Check Program

The consumer check program offered by GBA Strategic Partner Deluxe is one of the very best ways to anchor, engage and protect customers’ transactions while earning more revenue. It includes fraud protection measures, backed by Deluxe, and allows each customer to choose from a large selection of popular classic and contemporary check designs. A wide range of additional product enhancements are also available. Some of the other things we hear folks like about Deluxe’s program include:
  • OrderPoint Tool - Lets customers order checks on any computer, smartphone or tablet with ease.
  • Deluxe Linking Wizard - Makes it easy to add a link to order checks on any page of your website.
  • Deluxe’s simplified user experience offers three fast ways for your customers to order checks over the phone and online.

Action Requested: Review and Upload a Photo to Your MyGBA Profile

We want to make sure you continue to get all the latest news and information about your valuable GBA membership benefits. To make it easy for you to register for events and to help us tailor your communications to the topics that are most important to you, please take some time to review and update your MyGBA profile today. We also encourage you to upload a current photo that will appear on webpages of any committees or boards you serve on. Employees of member banks, Associate Member companies and Bank Counsel Section members have profiles. You can access MyGBA in the Member Center drop-down menu that runs across the top of our website, www.gabankers.com. If you are unsure of your login credentials, your username is the most recent email we have on file for you. You can use that to access the "Forgot my password" feature and re-set your credentials. Please let David Oliver or Katina Prokos know if you have any questions or need any help with the sign-in or updating process.

IRA Advanced Update and Review Workshop, Sept. 12

The IRA Advanced Update and Review Workshop will take place on Sept. 12 at Middle Georgia State University in Macon and Patrice Konarik, president of Sunwest Training Corp., will speak on recent changes as she covers content at the intermediate-to-advanced level. Each participant will receive the complete 275-page Sunwest Training IRA Training and Reference Manual, which is updated to reflect new regulations. Registration is $250 per person ($275 per person after Sept. 5). To register, click here. With questions, please contact GBA's Jenna Lynn Warner, 404.420.2035.

The BSA Experience Session Highlight
Panel: BSA Regulatory Consent Orders & Lessons Learned

BSA consent orders have been on the risk based on regulatory findings over the past several years and lessons learned from these orders. Financial institutions that have never been met with a consent order find themselves in a vulnerable position during regulatory exams as areas of BSA that may have been acceptable in the past are now a deficiency. The panelists (Jesse Morton, Stout Consulting, CPA/CFF, CFE, CACTS, J.D., LL.M., Director of Dispute Consulting; Jay Funderburke, BSA Officer, PeoplesSouth Bank; Michael Musgrave, CAMS, BSA Officer, Senior Vice President, Rabobank, N.A., and David Chaiken, Partner, Troutman Sanders) will take attendees through a real-life case study of a consent order that lasted two years including how the Bank got in the position, how they worked their way out of the consent and lessons learned. In addition, this session will feature a financial institution in Georgia that recently went through a BSA consent, lessons learned, and how this order has significantly changed their BSA program.
The BSA Experience will take place Aug. 20-23 at Middle Georgia State University, Macon. In order to provide this unique hands-on experience, registration is limited to 50 participants. Register now to secure your spot. Contact GBA’s Jenna Lynn Warner, 404.420.2035, with questions.

ABA Online Training Summer Line-up - July and August Offerings

ABA-facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. Check out these thirteen courses coming up in July and August. 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.

Retail Banking Basics and Management Skills Courses

ABA’s Retail Banking Suites are designed to provide a deeper understanding of the world of financial services, the role that banks play in the economy and maximize employee performance. GBA members get a discounted rate, and you don't have to be an ABA member to register. Suites include:
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...
Flint Community Bank
Heritage Bank
Quantum National Bank
Oconee State Bank
First National 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.