April 15, 2016        


Article Outlines Farm Credit Excess

We’ll be visiting our Congressional delegation in Washington, D.C., May 10-12 with a group of member bankers, and one of the issues we’ll cover is the need to reform the 100-year old Farm Credit System and roll back the tax breaks that give its institutions a competitive advantage over commercial banks. A Washington Post article this week details how Farm Credit institutions are lending to nonfarm entities such as car washes, vacation homes, Verizon Wireless and even casinos. Read more about Farm Credit and send us feedback...

Members Featured in Article about the Value of Corporate Psychologists

Bankers know that bringing on new executive team members or melding organizations through mergers and acquisitions is part art and part science. An article this week in American Banker takes a look at how corporate psychologists can help banks through those and other cultural issues. The article features several GBA member bankers. including David Coxon of Georgia Primary Bank and Joe Evans of State Bank and Trust. Read more here...

Deadline Day!

GBA Banking and Compliance Schools Enrollment Ends Today

There is still time to make that professional investment in your up-and-coming banker by sending them to the Georgia Banking School or GBA Compliance School, but hurry, enrollment ends Friday, April 15. The 2016 session is Sunday, May 1, through Friday, May 6, at the UGA Conference Center & Hotel on the University of Georgia campus in Athens. If you are on the fence about this, call Kathy Friestad, 404.420.2024 or Alison Moreau, 404.420.2034. They will be happy to discuss the school benefits and details with you. They will also be glad to put you in touch with a school alum or board member. Ready to enroll? Click here to enroll in Banking School, and click here to enroll in Compliance School, see the brochure, course descriptions, and other details. Hotel rooms are still available in the UGA Hotel. We hope to see you in May in Athens!

Is the CFPB Structure Constitutional?

A federal appeals court judge this week asked some tough questions about the constitutionality of the CFPB’s single-director structure. The appeals court is hearing a case involving fines levied by CFPB against a New Jersey Mortgage Company, PHH Corp. Judge Brett Kavanaugh characterized the single-director structure as “very problematic,” noting that how the Dodd-Frank Act set up the bureau is unique. Read more about what the judge said here...

Wall Street Journal Editorial Highlights Dodd Frank Failures

Noting the case above as well as a couple of other recent high-profile headlines related to the Dodd-Frank Act, the Wall Street Journal published an editorial this week highly critical of the act and calling for reform. "Dodd-Frank’s failure on its own terms virtually guarantees that someone will reform it. The question is whether it will be the judicial or legislative branch," the editorial said. Read more about the editorial here...

Last call!

Legal Issues of New Account Documentation; Compliance

New account personnel can still register to learn proper account opening procedures and compliance requirements from expert speaker Patrice Konarik, Sunwest Training Corp., at GBA’s Legal Issues of New Account Documentation & Compliance seminar April 21 at Idle Hour Country Club in Macon. Click here to register. With questions, please contact GBA’s Katina Prokos by email or at 404.420.2021.

Short-Term Outlook Positive for Growth

Business contacts in the Federal Reserve’s Atlanta district said economic conditions from mid-February through March were about the same, but the outlook for growth during the next three to six months is positive. Low-end retail, manufacturing, auto sales, tourism, homebuilding and new home sales had good results. Bankers reported better credit conditions, and business contacts indicated that credit was readily available, but activity tended to be focused on refinancing or paying down debt. See the full beige book here...

Financial Literacy

FDIC to Give Overview of Money Smart

We’re always looking for ways to help members deploy good financial literacy resources into their communities. The FDIC will be hosting a webinar April 20 at 1 p.m. titled “Money Smart Product Family and Implementation.” The webinar will give a full overview of the Money Smart curriculum designed help low- to moderate-income individuals better manage their money and plan for their financial futures. The curriculum is free, available online, and includes a variety of targeted materials for children, adults, older adults and small business owners. Register here for the FDIC webinar. You can also find links to a variety of Financial Literacy Resources on our website from the member center drop down menu.

Loan Documentation Seminar - April 28

Techniques to Prevent Loan Losses

Learn how to structure and document loans to avoid losses by attending GBA’s Loan Documentation seminar April 28 at Idle Hour Country Club in Macon. Commercial loan officers, commercial loan personnel, loan assistants and closing specialists alike will benefit from this seminar.

Rural Development and Lending Conference, May 16-17, St. Simons

FDIC Examiner Ben Pitts to Discuss Loan Restructuring;and More

FDIC examiner Ben Pitts is once again on GBA’s Rural Development and Lending Conference agenda, and he's back by popular demand. This year, Pitts will place special emphasis on loan restructuring. Attendees always come away with a wealth of information from Ben’s session, so don’t miss it. The conference is May 16-17 at The King and Prince Hotel on St. Simons. The deadline to reserve a room at the hotel at the GBA discounted rate is today, April 15. To reserve your room, call the hotel at 800.342.0212 and mention you are with the GBA group to get the group rate. To register online, click here. The early registration price of $350 is available through April 29. With questions, contact Kathy Friestad at 404.420.2024.

Annual Meeting Breakout Session Spotlight

CRE LendingPitfalls and Opportunities

In today’s competitive landscape for Commercial Real Estate loans, community banks are being pushed into additional credit, interest rate and prepayment risk. How do banks assess and mitigate these risks? How do banks maximize profitability and avoid exposure to risk without compensation? Ed Kofman, managing director, CenterState Bank, Walnut Creek, CA, will analyze and discuss these issues in a practical context using live examples and incorporating loan-level hedging strategies. This is one of the several great breakout sessions at GBA’s 2016 Annual Meeting June 12-15 at the JW Marriott, Austin, TX. You can access the full brochure and register online at the GBA website.

Leadership Conference Brochures Mailed This Week

This week we mailed brochures announcing Leadership GBA’s annual Leadership Conference that is July 18-21 at the Ponte Vedra Inn & Club in Ponte Vedra, FL. You can also access the brochure and register online on the GBA website. “The committee worked hard to ensure that the program contained good, need-to-know informationattendees can take back and use at their banks,” said Leadership GBA President Susan Keigans, Executive President, Planters and Citizens Bank, Camilla.

New Banking Fundamentals Track Helps Groom Next-Gen Bankers

The American Bankers Association has unveiled Banking Fundamentals, a new suite of online learning communities that allow students to network and collaborate with each other and expert faculty in a virtual setting. The new offering replaces ABA’s acclaimed Principles of Banking curriculum with a social learning experience that combines engaging lessons, case studies, video and an interactive multimedia “textbook.” Read more here about the new ABA program...

GBA-U Webinars

Ag Loans, Notary Basics and Advanced, TRID for Construction Loans and More

The GBA Job Bank Gets Results

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 Kenyetta Parks at 404.420.2035.

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. 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. Here's our latest installment...

Tune up your OD Porgram and Save Big on Supplies with these GBA Partners

This week's GBA E-Bulletin is Sponsored by Briar Capital. Click the ad to learn more about Briar...

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.