May 17, 2019

Kemp

Action Items for Legislation Passed This Year

Governor Kemp has signed all three GBA priority bills passed this year by the Georgia General Assembly, and he’s decided on all the other bills he’ll sign, veto or let go into law without his signature. Earlier this week, we shared with member CEOs a summary of the bills we followed that bankers may want to begin thinking about for possible changes internally at the bank. In addition to the bills allowing shared-deposit services for public deposits, a key update to the statute of frauds, and the DBF Housekeeping bill, there are several of note. Here’s a link to the full summary we shared. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Celebrating our Banking and Compliance School Stars

Our Georgia Banking School and Advanced Compliance School in Athens were filled with 137 bankers, and more than 70 faculty members, class facilitators and school board members contributed by sharing their time and expertise with the students. Fourth-generation banker and GBA Chairman John Hall, American Pride Bank, addressed the grads during commencement. "I think the element that unites all of us bankers is our underlying desire to serve and help people achieve their dreams. And as we celebrate today, I want to be sure to recognize that being a part of these schools represents a huge investment you’ve made in being the best banker possible as a way to serve others," he said. Click here to see highlights and honors given to the Georgia Banking School class of 2019 and Advanced Compliance School graduates.
See our Facebook photo album for scenes from the schools and photos of the grads. With questions or to express interest in enrolling for next year, contact Alison Moreau, 404.420.2034.
Perdue

Perdue Joins Call for CECL Delay

Georgia Sen. David Perdue was among a bipartisan group of 15 Senators who have urged the Federal Reserve and FDIC to delay implementation of CECL until they can complete a significant study on how the rule would affect the economy. "Accounting policy should not drive economic outcomes. Banks have raised significant concerns about the negative economic consequences. Community and regional banks have proposed changes to the FASB standards to mitigate against its complexity and its potential negative economic consequences," the letter says. We appreciate Sen. Perdue’s support of the industry on this issue. Members of the U.S. House sent a similar letter to the Securities and Exchange Commission recently. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Overdraft Rule Set for CFPB Review

The CFPB this week said it will begin review of the 2009 overdraft rule requiring a consumer to affirmatively consent—or "opt in"—to overdraft services before a bank may impose a fee for an overdraft resulting from a point-of-sale debit card or ATM transaction. The review will be the first of its type done based on requirements of the Regulatory Flexibility Act, which requires agencies to conduct decennial reviews of certain rules and consider their effects on small businesses. In its notice about how it will conduct RFA reviews, CFPB said it will consider factors such as the continued need for the rule; the nature of public complaints or comments on the rule; the rule’s complexity; the extent to which the rule overlaps, duplicates or conflicts with existing federal, state or other rules; and how the market has changed since the rule was issued. Comments on the overdraft rule are due 45 days after publication in the Federal Register. Access the request for comments on the overdraft rule. As a reminder, GBA regularly hears that a fully-disclosed approach to overdrafts, like the program offered by GBA Strategic Partner John M. Floyd and Associates, is the best way to meet customer and bank needs. When policies are established up front and well-communicated to avoid any confusion, overdraft coverage continues to be a valued service for consumers and banks alike. Contact JMFA’s Waid Thompson at 888.345.8639 for details.

Rural Market Bankers Gather for Conference

A big group of bankers from members serving rural markets have come together this week for the GBA Rural Development and Lending Conference. The conference got underway Thursday and concludes Friday. Here are some scenes from Thursday’s sessions, and a link here to the agenda. Check next week’s edition for highlights from the program and experts.
McWilliams

FDIC to Expedite Proposed Rate Cap Rule Changes

In Senate testimony Wednesday, FDIC Chairman Jelena McWilliams, announced the FDIC will expedite its plans to propose updated rules governing national deposit interest rate caps applied to banks that are less than well capitalized. The goal, she said, is to issue a proposal for comment and final rule by year end. Changing how the national rate cap is calculated and applied was among the issues we discussed with the FDIC on our banker advocacy trip to Washington, D.C. We support rule changes that would calculate rate caps to more accurately reflect market share or deposit competition in local markets, particularly in rising rate environments. The national cap should be a dynamic market rate that reflects local markets for banks of all sizes. GBA President and CEO Joe Brannen has been part of a national ABA task force mapping out suggested changes. With questions, contact him by email or at 404.420.2026.

New Georgia Drivers License Coming Soon

The Georgia Department of Drivers Services released this week a sample of the new drivers licenses that will be issued going forward. Here is an example of what information may be on the new licenses as well as new security elements. For further information, go to dds.ga.gov.
Ayers and Brannen

Ayers Celebrates an Amazing 75 Years in Banking

We were honored last week to take part in Northeast Georgia Bank’s celebration of Margaret Ayers, who has worked for the bank for 75 years. The bank held a daylong open house in her honor for customers and community members to stop in and wish her well. GBA President and CEO Joe Brannen was among the many who stopped in to visit Margaret and thank her for her amazing, ongoing career. "Margaret is a true treasure trove," he said. "She started working at the bank the week of VE day in Europe, marking the end of World War II on the European front. I so enjoyed talking to her about how the banking industry has evolved over the years. How important is Margaret to the bank and its customers? Her desk is right in the center of the main office, and everyone who comes in gets to interact with her in one way or another. She’s an inspiration to us all."

GBA Annual Meeting Five Weeks Away! Are You Travel Ready?

GBA’s Annual Meeting is coming up fast - June 23-26 at the Fairmont Banff Springs in Alberta, Canada. We are looking forward to welcoming 350 bankers, associate members, and spouses/guests to our stunning destination in the Canadian Rockies. With time drawing closer, make sure you keep these tips in mind as you gear your thoughts toward packing and traveling.
Special thanks to presenting sponsor:

How to Get Eyes on Your Suspicious Activity Reports (SARs)

SAR filing is one of the most important aspects of a BSA professional’s job duties. A recent blog post by GBA Associate Member Abrigo gives best tactics to get your SAR noticed while ensuring that regulators are happy. Applying these useful tips will make law enforcement more likely to read your SARs and possibly open an investigation or use them in an active case. Click here to read the seven tips from Terri Luttrell, CAMS-Audit.

The Evolving BSA Regulatory Environment: Interpreting the Guidance and Implementing a Sustainable BSA program

GBA’s newest program, The BSA Experience: A Deep Dive into the Bank Secrecy Act and Knowing How to Comply Aug. 20-23 in Macon, will delve into one of the biggest challenges for BSA officers and compliance professionals today: interpreting the FFIEC Guidance, FinCen requirements and regulatory expectations into their daily BSA programs. Here are just a few of the most frequently asked from financial institutions. BSA and compliance professionals and their teams often struggle with how to first interpret the guidance and laws and then how to implement these requirements into their daily programs.
All of this and much more will be covered during the four-day program at Middle Georgia State University. GBA has partnered with Terri Sands, founder of Secura Risk Management, to create this one-of-a-kind training opportunity for BSA professionals. Don’t wait to register - space is limited. Register now to secure your spot. Please contact GBA’s Jenna Lynn Warner, 404.420.2035, with questions.
Related: Save the date for the 2019 GBA Compliance Conference Sept. 18-20 in Peachtree City. Click here to see all upcoming compliance training.

Employee Benefit Selections are Easy and Affordable with Holmes-Shaw

For more than 50 years, Holmes-Shaw has provided GBA members with complementary products and services that enhance the GBA Insurance Trust's core benefit programs. This allows GBAIT participants and their employees to choose from an expanded and affordable list of benefit options. See some of these products and services here. The wide variety of enhancements helps Holmes-Shaw meet anyone’s unique needs, and Holmes-Shaw develops programs directly with insurance companies or through strategic partnerships, allowing them to present the very best options to clients. With questions or to learn more about how Holmes-Shaw can help your company enhance its benefit program, please contact Bruce Shaw, 770.642.2150.

Learn About the Advantages of Bank Owned Life Insurance (BOLI) Programs from EBS

GBA Strategic Partner EBS specializes in the placement and service of Bank Owned Life Insurance (BOLI). Their programs use BOLI to finance existing employee benefits and informally fund new or existing nonqualified executive benefit plans. EBS offers implementation and plan design services as well as administrative services. If you have BOLI now and need or want to consider a new servicer, EBS can assist you with compliance and reports essential for your bank, board and regulators. Given the fiduciary responsibilities of bank management and board members, it is crucial that banks partner with experienced and qualified professionals to service their BOLI programs and Nonqualified Plans. EBS provides comprehensive service through a group of qualified professionals with specialized expertise in insurance and public accounting. Each client is assigned a specific service team with extensive back office support. The professional designations held by members of the organization include CPA, JD, CLU, MSFS, MBA, CFP, ChFC and others. Under the guidance of EBS, billions of dollars of BOLI face amount have been placed with the highest-rated carriers offering institutional pricing. Their informal funding solutions are built on sound economic foundations and are conservatively structured from a tax perspective. As an added benefit to GBA members, EBS will provide a complimentary, customized BOLI Assessment Report and Carrier Due Diligence Review Report. Contact Jim Foyt at 877.242.9751.
EBS, a bank consulting company, does not engage in the practice of law or accounting. Any questions concerning legal, tax or accounting advice should be referred to your appropriate counsel or advisors.

Attention Commercial Lenders - Online Training Just for You

ABA facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. Any employee of a GBA member bank can participate at the member rate. Your bank does not have to be an ABA member. There are ten upcoming courses scheduled in May and June. For more information, contact Shan Haugabrook, 404.420.2020. Click here for a list of all ABA offerings.

How to Build a Strong Foundation in Lending

ABA's Certificate in Business and Commercial Lending provides an in-depth look at the commercial lending process and the related financial analysis of a borrower. It will familiarize lenders with both audited and unaudited statements and fill any gaps in their understanding of credit analysis. ​​​​​​​​​​​​ GBA members get a discounted rate, and you don't have to be an ABA member to register. Click here to see the curriculum inclusions. The audience for this certificate is commercial and/or business bankers and credit analysts. 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...
Glennville Bank
Queensborough National Bank & Trust Co.
Quantum National Bank
Tanner
Harton
Williams
Howard
Langston
Peek
Sowell
Ameris Bank
Anderson
Riley
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.