April 14, 2017          

Important Read

Action Items for State-Chartered Banks Related to New Georgia Banking Laws

The General Assembly passed HB 143 in the recent Legislative Session. Included in the legislation are provisions that are the product of the GBA Code Review Task Force that’s been working with the Banking Department on a three-year project to modernize our banking code so that our state-chartered banks have the best banking laws of any state’s under which to operate. Governor Deal is expected to sign HB 143 soon, and the provisions could be effective as early as May 1. There are critical changes and three action items banks should consider. Find out what they are here...

Hall, Copeland Nominated to GBA Statewide Offices

One of the highlights of GBA’s year is for our statewide leaders to be named to lead the association in the ensuing years. The GBA Nominating Committee has met and according to the Chair, Jackson McConnell, Pinnacle Bank, Elberton, the committee is unanimously recommending the Chairman-elect be John Hall, president and CEO American Pride Bank, Macon, and the Vice Chairman be Chuck Copeland, president and CEO, First National Bank of Griffin. Palmer Proctor, president and CEO, Fidelity Bank, Atlanta, automatically becomes GBA Chairman at the annual meeting. “We are pleased these bankers have accepted our invitation to serve in such an important role for our association and industry. Their combined years of banking experience and association volunteer work will benefit us all. We’re confident they will exceed our members’ expectation of strong leadership for the association in the years to come,” McConnell said. The election will occur during the annual business meeting June 20, 2017.

Enrollment Deadline Today for GBA Schools

Georgia Banking School and Advanced Compliance School, May 7-12, Athens

Today is the deadline to enroll in the May session of Georgia Banking School and GBA Advanced Compliance School. The schools will run concurrently May 7-12 at the University of Georgia Center for Continuing Education & Hotel in Athens. If you have any last-minute questions about the enrollment process or the schools, contact Kathy Friestad, 404.420.2024. Click here for Banking School info. Click here for Advanced Compliance School info.

Chime In on Key Federal Issues for D.C. Visit

GBA’s annual member advocacy visit to Washington, D.C., to meet with members of Congress and regulators is coming up May 9-11. We’ll be attending briefings with Sens. Isakson and Perdue, Georgia House delegation staff members, the FDIC, OCC, CFPB, Federal Reserve and FinCEN. “We always like to brief our delegation and regulators with specific Georgia examples of how laws and regulations affect banks and customers,” said GBA Chairman Rick Drews, CEO, Century Bank of Georgia, Cartersville. “We’ve got a good list of issues forming up, but we need direct input from you, as well.” Here’s a list of issues we shared and discussed with the GBA Board of Directors this week. Please send specific anecdotes of how policy is affecting your customers and your bank by email to Joe Brannen and Elizabeth Chandler.

Collins' Lessons from the Grocery Aisles

Tony Collins has been a banker for 41 years now. But, his earliest lessons in leadership came from his very first job at a Lula, GA, grocery store. “Team members respond positively to a leader with a winning, positive attitude,” is one of the lessons learned by Collins, who is president and CEO of Southern Bank and Trust in Clarkesville, and GBA’s Group 9 board member. Read two other key lessons he learned, as well as how he first got into banking, why he and his bank value GBA involvement and what he likes to do in his spare time in our GBA member profile this week….

James Magazine Names Legislators of the Year

Our friends at James, the flagship magazine published by InsiderAdvantage, Phil Kent, CEO and publisher, just released the three honorees for this year’s Legislators of the Year recognition: Sen. John Kennedy (R-Macon), Rep. Earl Ehrhart (R-Powder Springs) and Rep. Calvin Smyre (D-Columbus). Read more about these legislators here...

Welcome Eight New Associate Member Companies

GBA’s board of directors this week approved the following companies for Associate Membership. Please get to know these new organizations and thank them for their support of GBA...

CFPB Proposes Mortgage Data Rule Clarification

Just out Thursday is a new CFPB proposal intended to help companies comply with the 2015 HMDA Final Rule by clarifying the information they are required to collect and report about their mortgage lending. The bureau says the proposal contains a number of clarifications, technical corrections, and minor changes to the HMDA regulation. The proposal will be open for public comment for 30 days after its publication in the Federal Register. Details here…

Crime and (awaiting) Punishment

Teller Indicted of Theft

A federal grand jury this week charged a former teller at The Peoples Bank, Eatonton, with one count of theft. Jeannette M. Williams is charged with stealing nearly $32,000 from her teller drawer for her own use from March 14, 2008, and March 14, 2016. The Macon Telegraph reports that the indictment also alleges she “caused fraudulent entries to be made” in the bank’s records to “conceal and perpetuate the theft.”

Georgia Ports Notch Record March

One of the economic advantages we always tout about Georgia and the climate for banking is the strong transportation and logistics infrastructure. Gaping interstate holes aside, we’ve got a lot going for us when it comes to transportation. Our ports continue to shine, for example. The Georgia Ports Authority said the ports of Savannah and Brunswick set a record by increasing how much cargo they moved in March by 9.8 percent over the same period in 2016. This is on the heels of a similar record set in February, when the increase was 10 percent over prior year.

Banks Most Common Source of Small Business Credit

The Federal Reserve this week published the 2016 Small Business Credit Survey: Report on Employer Firms. Among the findings were that banks were the most common source of small business credit, with 50 percent applying to large banks, and 46 percent applying to small banks. Online lenders placed third, at 21 percent. The most frequently sought products were loans and lines of credit. The survey found that although many of these small businesses were profitable and optimistic, a significant majority faced financial challenges, experienced funding gaps, and relied on personal finances. Get more details and see an infographic here.

Annual Meeting Breakout Session

ROI on Mobile Banking for Community Banks Spotlight Session

We’ve known for some time that customers who use mobile and online banking are more profitable; what we weren’t sure of, however, was whether the higher level of profitability was actually caused by the use of those digital channels, or if customers who use digital channels simply tend to be a more profitable demographic. Doug Elser, senior marketing consultant, Fiserv, Alpharetta, will explore the results of an ROI study that set out to answer that very question by observing the behaviors of banking customers before and after the adoption of mobile and online banking. The results make a compelling case for positioning your bank as a digital-forward institution. More about the 2017 GBA Annual Meeting here...

Last Call! New Account Documentation & Compliance Seminar – April 20

There’s still time for new account personnel to register to learn about proper account opening procedures and compliance requirements at GBA’s New Account Documentation & Compliance seminar April 20 at Idle Hour Country Club in Macon. Suzie Jones and Susan Fonteno of Sunwest Training Corp. 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.

Cash Flow Analysis seminar – April 27

Get Back-to-Basics for Improved Credit Decisions

Learn how to craft a statement of cash flows, improve the quality of credit decisions and increase the understanding of how a potential borrower will repay your loan by attending GBA’s Cash Flow Analysis seminar April 27 at Idle Hour Country Club in Macon. With more than 20 years’ experience in the banking industry, Peter Faser of SunTrust Robinson Humphrey will provide an introduction and practical approach to cash flow analysis for lenders who are new to banking operating companies or who need a refresher on this topic.

The ISO: Regulatory Requirements and Internal Roles

Want to gain a better understanding of the regulatory expectations and internal responsibilities of an Information Security Officer in today’s digital world? Join Tom Hinkel of Safe Systems May 16 at Idle Hour Country Club in Macon to learn more about the ISO’s role in audits and examinations, coordination with network administrators, leading the IT Steering Committee and more. Current and prospective information security officers, network administrators and compliance officers will all benefit from this seminar. Participants will receive helpful checklists and whitepapers as well as Certificates of Completion. Register by May 8 for the early-bird price of $225 per person. Click here to register online. Please contact GBA's Katina Prokos at 404.420.2021 with questions.

Rural Development & Lending Conference, May 17-18, St. Simons

Policy Changes Affecting Agricultural Water Usage Among Sessions

At the 2017 Rural Development & Lending Conference, May 17-18 at the King and Prince on St. Simons, agribusiness lenders from around Georgia will gather to discuss pressing issues and challenges they face every day in their banks. One anticipated session will be “Current Effects of Legislation and Policies on Georgia’s Regulated Agricultural Water Users.” Cliff Lewis, the Program Director of the Environmental Protection Division of the Georgia Department of Natural Resources, will discuss legislative and policy changes and proposals that will affect the legality, requirement and restriction associated with a farmer’s ability to use water for agricultural irrigation. Don’t miss this important update. Click here to see the complete schedule, register online, or to access hotel information.

Marketing Peer Group – May 24

FinTech Update, Peer Best Practices Sharing at Marketing Peer Group Meeting

The next GBA Marketing Peer Group meeting is Wednesday, May 24, from 10 a.m. – 3 p.m. at The Georgian Club, 100 Galleria Parkway, Suite 1700, Atlanta. This peer group meets twice a year. Each meeting is open to marketing officers and any other bank employee with marketing, advertising, public relations, communications and / or community affairs responsibilities. If you would like to join this group or learn more contact GBA's Alison Moreau, 404.420.2034 with questions.

Don't Miss the GBA Leadership Conference

Leadership GBA’s 2017 Leadership Conference July 17-20 is simply a can’t-miss event. You’ll get timely information on the economy, learn about the ROI on mobile banking for community banks, hear from at CEO panel on how they profitably grow their institutions and hear about what’s next for future leaders in banking. Plus, there are several great opportunities to network with your colleagues and families from around the state. Brochures will be mailed in the coming weeks, but you can register online here. With questions about the conference or Leadership GBA in general, please contact GBA’s Susie McGehee at 404.420.2010.

Bank Security Conference Wrap-Up - Thanks Sponsors & Exhibitors!

We’d like to give a hearty shout-out to our Associate Members who supported last week’s Bank Security Conference through sponsorship or exhibiting. Sponsors were Cummins-Allison Corp., Porter Keadle Moore, and Safe Systems. Attendees spent quality time with exhibitors ATM Response, CashTrans, Consolidated Banking Services, Inc. (CBSi), Cummins-Allison Corp., Easy Solutions, eSentire, and Red Hawk Fire & Security. GBA really appreciates the active involvement of these folks and their contribution to the success of this year’s Bank Security Conference! Contact GBA’s Kathy Friestad with any questions, 404.420.2024.

Upcoming GBA-U Webinars

A GBA Webinar is a great way to quickly get the training you need without travel or time out of the bank. Webinars are live and allow time for questions and answers. The $265 registration price gives you access to one web site "seat," one telephone site license and all handout materials. If you can't attend the webinar, you may buy the audio CD, handout materials and a password to see the session online. With questions, please contact GBA's Katina Prokos at 404.420.2021. Here is a sample of upcoming offerings. Check the GBA-U Calendar of Events at www.gabankers.com for more details.

GBA Job Bank

New Postitions in Compliance, Loan Workouts, Credit Score Modeling and More

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.

Online Class Spring Lineup

CTFA Review, Funding & Liquidity, Mortgage Lending Coming up

Below are the facilitated ABA online classes coming up in April, May and June. Facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. These courses have weekly assignments as well as midterm and final exams. Any employee of a GBA member company can participate at the member rate. Your bank does not have to be an ABA member. All you need is a computer, printer and Internet access. Please register two weeks in advance to secure a "seat." For more information, contact Alison Moreau, 404.420.2034. Click here for a list of all ABA offerings...

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…

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.