April 22, 2016          

Georgia Bankers Heading to DC Soon

We’ve got a great group of Georgia bankers heading to Washington May 10-12 calling on Capitol Hill and visiting with all the industry’s key federal regulators. We want to make sure regulators, in particular, get a good sense of the challenges you all face in serving your customers. “Please let us know about your issues and share specific examples we can relay that help drive home the point. Those examples are critical to highlight the real-world effects of regulations and policies. This trip is our opportunity to tell our story directly to decision makers who can help us better serve our customers and communities,” said GBA Chairman Jackson McConnell, Pinnacle Bank, Elberton, who will be leading the delegation. To share your views on GBA’s list of issues or to give feedback on your priorities, contact Elizabeth Chandler, 404.420.2027 or Joe Brannen, 404.420.2026.

Georgia Banks’ Help Needed with National Survey

Here’s your chance to speak up about key community bank issues to the Federal Reserve and Conference of State Bank Supervisors (CSBS). Georgia Banking Commissioner Kevin Hagler has asked us to encourage members to participate in this year’s research survey for the fourth-annual Community Banking in the 21st Century research and policy conference put on by the St. Louis Federal Reserve and the CSBS. Access a link to participate in this important survey here...
From left: Jackson McConnell, Joe Brannen, Rotary president Leon Jourolmon, III and
Shannon Fortson

GBA on the Road

Elberton Rotary Gets Banking Update

GBA’s ongoing public advocacy campaign supporting banking paid a visit to the Elberton Rotary Club this week. GBA President and CEO Joe Brannen gave a trends-in-banking talk to the club at the invitation of Pinnacle Bank’s Shannon Fortson. Brannen covered five key trends in banking: the good health of the state’s banks, how banks are working through regulatory burden, how technology is making banking easier for consumers, the good track record banks have for information security and Georgia’s overall good business climate and outlook for banking. It was also a chance for Brannen to publicly thank Pinnacle Bank President and CEO Jackson McConnell for his leadership and service to the industry as GBA Chairman this year in front of an audience of his peer business and community leaders.

A Note from Jamey Durrence on Leadership Conference

Leadership GBA’s annual Leadership Conference is July 18-21 at the Ponte Vedra Inn & Club. Ponte Vedra, FL. Jamey Durrence, Senior Vice President at The Claxton Bank recently spoke about why members should attend the Conference. See what Durrance had to say here...

Welcome New Associate Members

The GBA Board of Directors has approved the following companies as GBA Associate Members. Congratulations to them, and welcome aboard.

The Tradition Continues

50-Year Bankers to be Recognized at Annual Meeting

GBA is proud to recognize Georgia bankers who have devoted 50 years or more of service to the banking industry. These bankers will be honored at the 2016 Annual Meeting scheduled for June 12-15 at the JW Marriott, Austin, TX. Please help us properly recognize the bankers who have reached this important milestone by sending a letter to GBA’s Susie McGehee with the following information:
  • Banker’s name and current title
  • Bank name
  • Number of years of service and brief work history
  • Photograph of nominated banker and name of the nominating banker.
This information must be received by Friday, May 13. Please contact Susie at 404.420.2010 with questions.

Take Advantage of Tours and Activities at GBA Annual Meeting

When you attend GBA’s 2016 Annual Meeting you will learn from experts about topics that help make you and your bank successful, strengthen your network of peers critical to sharing ideas and wisdom throughout the year. But it’s also a chance to relax, recharge and reconnect with your fellow bankers and their families. And what better way to do that than to participate in a tour or activity? GBA is offering a variety of great tours that are perfect for all ages. The registration deadline for the tours is May 20. But spaces are filling up quickly so register soon. With questions about the tours, please contact GBA’s Susie McGehee at 404.420.2010.

GBA Member Profile

Stuart is GBI Agent Turned Bank Security Director

Pete Stuart’s first job out of college was as a Georgia Bureau of Investigation Special Agent. He says that background gave him perfect training for his next career position at State Bank & Trust, where he’s now the bank’s Security Director. Read more about Stuart in this week’s GBA member profile. You’ll learn about what he thinks is the most challenging issue for bank security these days as well as where he likes to spend his free time. Stuart is Chair of the GBA Security Committee, which hosted its annual conference for Georgia Bank Security professionals this week. See the story below for more details about the conference.

GBA Bank Security Conference

A big group of security professionals from banks across Georgia came together this week at GBA’s 2016 Bank Security Conference in St. Simons. Attendees gained insight and knowledge on several fronts, including a tour of the “dark web,” synthetic identity fraud, a primer on cybersecurity, how complete and effective suspicious activity reports can lead directly to stopping fraud, and keeping employees safe. Click here for a complete roundup...

Georgia Granted $30.9 Million for Foreclosure Prevention

The U.S. Department of the Treasury this week granted Georgia $30,880,575 in the latest allocation of money to the Hardest Hit Fund (HHF) to support locally-tailored foreclosure prevention and neighborhood stabilization solutions. Georgia is among 18 states and the District of Columbia participating in the program. More about the HHF and how Georgia plans to use the money here...

Employee Education Makes A Difference

New Fiduciary Rules - GBA Retirement Services’ Members are SAFE

There has been a lot of chatter recently after the Department of Labor released its final fiduciary rules on April 6, 2016. For GBA Retirement Services’ (GBARS) members, these new rules are no big deal. However, the rules could have a large impact on plans that do not have a formal discretionary trustee and fiduciary. GBA Retirement Services is proud to say that the Master Trust has a discretionary trustee that has been and will continue to manage our plan in a way that is solely in the best interests of our participants while also meeting and exceeding the needs of our members that sponsor a plan under our arrangement. Here are more ways that GBA Retirement Services protects its members...

Bank Directors and Executive Management Conference – May 24

Giving Your Directors the Right Data for Strategic Planning

One of the keys to successful board oversight is making sure directors are focused on strategic as opposed to tactical issues in managing the business, which can become difficult if they are provided with the wrong kind of data. Shawn O'Brien, president, QwickRate, will focus on how to create and present key indicators of performance that truly focus your board on strategy while assuring managements' role in executing that strategy during his session at GBA’s Bank Directors and Executive Management Workshop May 24 at Idle Hour Country Club in Macon. Sign up yourself or some of your bank's directors here...

Recording of New Garnishment Law Webinar Now Available

Georgia now has an updated garnishment statute that will affect all banks. Last Thursday, Adam Cleveland, Thompson, O'Brien, Kemp & Nasuti, P.C., who served on the study committee that developed the legislation, covered the changes for both banks and consumers during GBA's The 411 on Georgia's New Garnishment Law webinar. The recording of this webinar is now available to purchase and download. If you did not register for the live webinar, the recording price is $150 and you can receive the recording by submitting our online registration form. If you attended the live session but would like a copy of the recording, it is only an additional $50, and you may order the recording by contacting GBA’s Katina Prokos via email or at 404.420.2021.

Ten Things Regulators Want to See in Your BSA Program

GBA Associate Member Bankers Toolbox has put together some good tips for making sure your bank’s BSA program is on target. The BSA/AML Examination Manual is over 300 pages long. Even if you have years of experience managing a BSA program, there is a lot to consider. Plus, the recent upswing of regulatory scrutiny can add to your list of things to do in order to maintain a successful program. Compiled by a team of BSA experts and former regulators, the list incorporates recent trends and takeaways from the world of BSA/AML compliance. Read the tips here...

Last Call! Loan Documentation Seminar – April 28

There’s still time to register for GBA’s Loan Documentation seminar April 28 and learn how to prevent loan losses by implementing proper loan structuring and documentation techniques. Held at Idle Hour Country Club in Macon, this seminar is geared toward commercial loan officers, commercial loan personnel, loan assistants and closing specialists. A faculty member of the Georgia Banking School with more than 36 years of industry experience, Mike Allen of State Bank & Trust Company will cover the following...

New Consumer Real Estate Lending for Small Banks Seminar Set for June 2

Since the CFPB began issuing new TILA and RESPA rules in 2013, there has been industry-wide confusion concerning CRE lending by small banks. GBA’s new Consumer Real Estate Lending for Small Banks seminar with Steve Moore, Bank Compliance Services, will address the challenges faced by small banks that offer CRE loans in today's regulatory environment. In the context of the new TILA, RESPA, Flood Insurance and HMDA regulatory rules, the discussion will address the various financial and operational considerations of CRE lending by small banks. The presentation will be primarily from the community banker's perspective, and Steve will discuss the pros and cons of these regulatory rules and the various business challenges faced by small banks. Topics to be covered include...

Compliance Peer Group - June 21

Third-Party Vendor Compliance Takes Center Stage

One of the current priority issues with all of the banking regulatory agencies is risk management of third-party relationships. It's moved beyond just IT software and systems vendors and encompasses these types of relationships throughout the banking enterprise. Our GBA Compliance Peer Group session in June will tackle this topic with two expert speakers. Find out more about the Compliance Peer Group and sign up here...

GBA-U Webinars

LLC Basics, Signature Card Issues, Record Retention and More

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.

Money and Banking, Law and Banking, Lending Courses Coming up

Instructor-led ABA online courses have weekly assignments as well as midterm and final exams. 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 ABA instructor-led courses for May and June…

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.

Build a Strong Card Portfolio with Help from Corserv Solutions

One of the most consistent themes we've heard from GBA member banks in the past few years has been the search for new sources of loan growth and revenue. One possible avenue is the Corserv Account Issuer credit card program. Corserv can help a bank systematically build a predictable, profitable, easily managed credit card portfolio. Consumer, small business and corporate card programs available. Learn more about Corserv here...

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...
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.