Compensation and Benefits Survey Open with New Features
Underway with New ACA Section, New and Updated Job Titles
Member banks can
start participating in the annual GBA Compensation and Benefits
Survey. It's the ultimate resource for Georgia's banks for guiding
strong, competitive compensation and benefit programs. For this
year's survey, we're doing a one-time special section about the
Affordable Care Act based on feedback from our members. So, you'll
find all the same compensation-related questions, but instead of the
usual benefits specific questions, there is a special link to and ACA survey developed by
Mathews, Young - Consulting. There are also nine new job
titles surveyed, as well as 10 updated or adjusted titles.
more about the improved survey and get started today...
Help Customers Save SUM®
offer extraordinary convenience, providing anytime access to cash
and account information in the smallest towns and the biggest
cities. However, The
SUM Surcharge-free ATM Network
allows your bank's
customers to save time and money by offering surcharge-free access
to thousands of ATMs around the country. Any
small steps that save your customers time, money or add convenience
are truly great.
If your bank is a SUM Program member, your
customers can use any SUM ATM without paying a surcharge. The
consumer benefits of the SUM Program are immediate and easy to
access. Your customers don't have to register, and all they need to
withdraw cash without a surcharge is your bank-issued ATM card.
Regardless of how many ATMs your bank has, with SUM, your customers
have even more options for withdrawing funds anytime, anywhere.
Customer advantages include...
Benefit Selections are Easy and Affordable with Holmes-Shaw
has built a full portfolio of complementary products and services
around the GBA Insurance Trust's core benefit programs, allowing
participants and their employees to expand their benefit selections
helps Holmes-Shaw meet each company's unique needs, and Holmes-Shaw
develops programs directly with insurance companies or through
strategic partnerships, allowing them to present the best options to
Some of these products and services include...
Find a job, post a job
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Governor Signs GBA Priority Bill
On Thursday, Gov. Nathan Deal
one of GBA's priority bills from the 2014 Legislative session. The
new law creates a section within the Georgia Fair Business Practices
Act that says a person shall not make a bad-faith assertion that a
patent has been infringed. The bill is intended to make Georgia a
less-friendly state for patent assertion entities, more commonly
called patent trolls. When the law goes into effect July 1, patent
trolls will have to provide specific information upfront when they
are alleging a patent has been infringed.
Find out why this bill
is important for banks and why you should know about patent
Court Hears Oral Arguments on Bank Director Liability
Supreme Court of Georgia is considering whether Georgia law protects
former executives and directors of certain closed banks from
personal liability for the bank's losses. At issue is Georgia's
business judgment rule that generally protects company officers and
directors from liability when they make "good faith business
decisions in an informed and deliberate manner."
timeframe for a ruling, but this will be an important decision for
the industry in Georgia. Read about how GBA is working on banks'
Bankers Packing for Washington
next, a delegation of more than 40 GBA members is heading to
Washington to call on key elected representatives and regulators.
"We are delighted so many members are able to make the trip
more important than ever for us to be visible and vocal on issues
important to our industry," said GBA's SVP, Government Relations,
Elizabeth Chandler. Members will visit both our U.S. Senators
and most Georgia House members, as well as senior officials at the FDIC,
OCC, Federal Reserve, CFPB and Treasury Dept.
More about GBA's
upcoming D.C. trip here...
Elections on the Horizon
reported before, Georgia's primary election date is May 20, with a number of contested seats at all levels of government
on the ballot. Early voting begins April 28, and you can check out
the Secretary of State's website to find information about available
voting locations in your county before election day, or order
absentee ballot if you are unable to vote early or on election
day. No matter what though - go vote!
Annual Meeting Highlight
Mergers & Acquisitions:
The banking trade press is chock full of stories
predicting that this may be the busiest year for merger and
acquisition activity since 2007. Others say this is just a bunch of
talk that won't play out.
Jim Stokes, Managing Director, SunTrust Robinson Humphrey,
Atlanta; James Stevens, Partner, Troutman Sanders, LLP,
Atlanta; Bill Walton, Partner, Dixon Hughes Goodman, LLP,
Atlanta, and Dennis Zember, CFO, Ameris Bank, Moultrie,
during our Annual Meeting for an in-depth M&A discussion for
community banks. GBA's
Annual Meeting is June 15-18 at
The Greenbrier in White Sulphur Springs, WV.
here to register.
Fannie Mae Chairman
Perry Talks Housing at Atlanta Press Club Event
Egbert Perry, who was named Chairman of Fannie Mae in
February, talked about the agency’s role in the housing market and
shared his personal story at an Atlanta Press Club event Thursday.
Perry, who grew up in Antigua, discussed in broad terms Fannie’s
current priorities. He said Fannie Mae is focused primarily on
continuing work to ensure its safety and soundness, improving access
to credit and serving the priorities of the conservator.
had interesting stories and examples to share, including some
eye-popping statistics about Fannie's contributions to the housing
market. Read more about them
Economic Update Scheduled
Conference July 20 - 23
Fargo, Charlotte, as he provides a
general overview of the U.S. and Georgia's economy and examines the
various drivers of growth at the present stage of the economic cycle. Leadership
Leadership Conference is July 20-23 at
Ponte Vedra Inn & Club in Ponte Vedra, FL. GBA has reserved a block of rooms at the
Ponte Vedra Inn at a reduced rate of $219 to $235 per night.
Make your reservations by calling the hotel directly at
Be sure to say you are with the GBA to
receive this special rate. The cut-off date for reservations is
June 17. Brochures will be mailed in the coming weeks
register now. With questions, please contact GBA's
Susie McGehee at 404.420.2010.
Rural Development and Lending Conference May 15-16
Ag Attorney Allen Olson and Farm Bill Discussion
Highlight Conference Agenda
Make plans now to attend GBA's
2014 Rural Development and Lending Conference, May 15-16 in Savannah. Bankers who focus on
rural development and ag lending in their daily business won't want
to miss the opportunity to hear Allen Olson speak. Olson, an
agricultural lawyer in Albany, will discuss the new Farm Bill, its farm programs and crop insurance
provisions. Olson's practice is concentrated on federal farm
programs, payment limitations, USDA administrative appeals, crop
insurance litigation, conservation easements, farm business
planning, farm bankruptcies, and other matters affecting farmers and
related agricultural businesses.
to access the registration brochure or to register online. To reserve a room at the
Marriott Savannah Riverfront at the discounted
rate of $182,
call the hotel at 912.233.7722 or 800.285.0398.
For more information, please contact GBA’s
Kathy Friestad, 404.420.2024.
Regulatory Salaries Scrutinized
article in the Wall Street Journal this week took issue with how
bank regulatory agencies set salaries and called for more oversight
of how the agencies structure their compensation.
The article points
out that the average employee of a federal bank regulatory agency
received 2.3 times the average compensation of a banker before the
Dodd-Frank Act. "By 2013
this ratio increased to more than 2.7 - and in some cases considerably
more," the article said. The article ties the rising compensation at
the agencies to a FIRREA provision that allows federal bank
regulatory agencies to establish their own compensation and benefits
without the approval of the Office of Personnel Management.
Access a good summary and a link to the full WSJ article here
Offering Free Deposit Insurance Seminars
officers and employees can participate in 12 free seminars about
deposit insurance coverage from the FDIC between May 6 and Dec. 4.
There will be four "Fundamentals of Deposit Insurance Coverage"
sessions; four "Deposit Insurance
Coverage for Revocable Trust Accounts" sessions; and four sessions
about on "Advanced Topics in Deposit Insurance Coverage." Advanced
registration is required.
Get more details here...
Private Employment a Highlight of OCC Report
private sector employment is above the prerecession peak
because of business services and
hospitality sectors, said a report from the OCC this week detailing
its Southern District's loan growth. Loans for the district as a
whole were up by 4 percent in 2013. "The growth in loan volume
is accelerating," said Gil Barker, District Deputy Comptroller for
the OCC's Southern District. "We're seeing a slow, steady
improvement compared with pre-recession norms across the district,
with a more robust economic recovery in areas where the oil and gas
industry is present."
Read more from the report here...
Mortgage Database to Expand
proposal out this week, the Federal Housing Finance Agency (FHFA)
says that starting May 27 it will begin collecting
more specific information on borrowers
and loans, including demographic and personal contact information
for borrowers and their households, loan-level data on mortgage
performance and other credit accounts held by the borrowers. The
information will be added to the national mortgage database the FHFA
created with the CFPB in 2012. The agency will accept comments on
the proposal through May 16.
Here's a link to the
Closing Frustrations Highlighted by CFPB
generally report three key areas of frustration encountered during
the mortgage closing process, according to a report released by the
CFPB this week. The primary friction points consumers identified
were not having enough time to review documents, the overwhelming
paperwork at closing, and the complexity and errors in the
More about the most recent CFPB Mortgage Report...
Your Retirement Be a Disaster
There are six key steps for ensuring your retirement
is a breeze. GBA Retirement Services has put together a quick
reference tip sheet with all six tips and how GBA Retirement
Services can help you and your employees with each.
access to a tip sheet from GBARS...
Analyzing Financial Statements Seminar April 30
only one more week before GBA's Analyzing Financial
Statements seminar. Led by Mike Allen with State Bank & Trust,
Atlanta, this one-day seminar is designed for entry-level commercial
lending officers, credit trainees and analysts. Topics to be covered
include analyzing personal tax returns, analyzing commercial
financial statements and much more. The
Analyzing Financial Statements Seminar is scheduled for April 30
at Idle Hour Country Club in Macon.
Click here to register online. With questions, please contact
Danielle Driggers at 404.420.2002.
Peer Group May 20 Features High-Powered Digital Panel
We have confirmed an outstanding panel for the first session of the
GBA Marketing Peer Group meeting scheduled for May 20 at First
Landmark Bank in Marietta. The panel will go in depth in explaining
the latest trends, tips and strategies for mobile, social and other
new media channels.
Click here for a list of panelists and other
highlights of the upcoming Marketing Peer Group...
GBA Members Celebrate
Moms and Dads and Support Relay for Life
Click here to read about
latest good works by various GBA members.
We want to share all that GBA
members do to support their communities.
Submit your community information to
GBA Associate Members may
sponsor GBA's Community
Connections feature to support our member banks' activities in
Georgia communities. Contact
404.420.2036 for information.
Read about all the Georgia Bankers making news this week...
From left: GBA's David Oliver, Joe Brannen,
Kathy Friestad, Frankie Harris and Leslie Hicks
who celebrated GBA Service Anniversaries recently.
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.
Analyzing Financial Statements
Georgia Banking School
May 4 - 9
Southern Operations & Technology School
May 4 - 9
Marketing Peer Group
2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV
Ponte Vedra, FL
Full GBA-U Calendar
Career Paths for BankersTM
The 44 most-common bank job
descriptions, the skills and competencies you need to have those
jobs and links to training and development by job title.