and Office Savings for Member Employees
Many of us have
a long list of school supplies to buy in the next few weeks.
And, even if you don't, your family probably has some basic home
office and household supply needs. The good news here is that we can
all save a bunch on these items with the Georgia Bankers
Association's Office Depot purchasing program. Employees of any GBA
member bank, Associate Member or Bank Counsel Section member can
shop online or at any one of Office Depot's retail store locations
and receive 80 percent off MSLP on a core list of 350+ items,
plus 10 percent off most catalog and in-store items.
Link to the
list of core items and download your printable discount card here.
It's fast, easy and free...
Vendor Risk Management Product Eliminates Stress
the market's first automated, turnkey
vendor risk management solution. This cost-effective online
service enables banks of any size to identify, measure, monitor and
manage third-party risk based on FFIEC
guidelines and design criteria established by leading financial
services institutions. The system eliminates the stress,
expense and complexity financial institutions face when meeting
regulatory requirements. It combines worry-free automation, ready
accessibility, and ease-of-use to speed users through even the most
rigorous regulatory environment. Learn more about VendorPoint
from Fortrex here...
Protect Your Human
Capital and Your Bank with Employment Law Resources
revisions and changes to labor laws that affect the banking industry
can be a challenge. Your bank can stay ahead of the curve with help
from GBA Strategic Partner
Law Compliance, Inc. (ELC). ELC has a successful
history of working with community banks of all sizes that may not
have a large HR staff or
in-house employment counsel. The
professionals at ELC average 25 years of experience in their field.
ELC's entire staff is committed to designing and maintaining the
best solutions and services to help your bank. For more information,
please contact ELC's
Find a job, post a job
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Proposed Rules for Comment
Georgia Department of Banking and Finance is seeking comments on
a number of proposed rules and changes to existing rules. Of primary
interest to bankers is the section about loans and lending limits
related to lease financing. The language and details concerning
leases is actually helpful to our banks because it clarifies what
people have thought the proper interpretation should be and closely
tracks OCC guidance.
Take a thorough look at the changes. You can
link to them here and let us know if there are issues about which
GBA should comment...
Board Reviews Legal Issues, Plans Conference
The recent FDIC vs. Loudermilk
ruling about the business judgment rule by the Georgia
Supreme court, Trust Preferred Securities dividend payments and a variety
of other bank legal issues were prominent discussion topics as the
GBA Bank Counsel Section Board met this week. The board,
chaired by Mark Kanaly, Alston & Bird, also heard from Bo
Fears, Deputy Commissioner for Legal & Consumer Affairs at the
Georgia Department of Banking and Finance. Fears expressed the
department's appreciation for GBA and member efforts to support the
important fees-not-interest bill (H.B.
824) that gives parity to state chartered banks, and
the patent troll bill (H.B.
809), which have both been signed by Governor Deal.
He also gave a brief overview of the proposed rules the department
issued this week related to lending limits for certain types of
lending as well as other entities regulated by the department (noted
More notes from the Bank Counsel board meeting including
preliminary details about the Bank Counsel Conference here...
Preferred Securities and Bankruptcy Town Hall
Session Scheduled Aug. 6
A number of bank holding companies are
dealing with the issue of paying dividends on Trust Preferred
Securities (TruPS) they'd deferred during the economic downturn.
During the past five years or so the
dividends have been accruing on the TruPS and the deferral period is
coming to an end. Fitch estimates
that there is $2.6 Billion of TruPS that will run out of their
deferral period over the next several years. In two recent
instances, one of which is in Georgia, creditors have filed
involuntary bankruptcy cases against bank holding companies from
which they are trying to collect dividends. The issue has become a
hot topic in the industry, as we noted above from the Bank Counsel
Board meeting this week. So, we're holding a Town Hall
meeting about TruPS Wednesday,
Aug. 6, at Idle Hour Country Club in Macon. While GBA's counsel
has been asked to coordinate the program, we trust other members of
GBA's Bank Counsel Section as well as others, like our bank
accountants, will attend as the collective wisdom of all involved in
this issue will benefit the industry.
Click here to see the agenda and register
Susie McGehee with questions
about the Town Hall meeting.
Bills Get Thumbs up
A GBA-supported bill (H.R. 4042)
to delay the implementation of Basel III's rules on mortgage
servicing assets until a thorough study documents the effects on
banks' retention of servicing rights for mortgages they originate
was among three bills approved by the U.S. House Financial Services
Committee this week. The committee also voted to approve H.R.
5148, which would ease appraisal rules on mortgages of $250,000
or less to keep those loans more affordable. And, it approved
H.R. 3240, which calls for the Government Accountability Office
to study the effects on consumers of Regulation D's monthly limits
on savings account withdrawals.
Banks Get High
Marks for Protecting Customer Data
Local banks top the list of
the types of companies
customers feel do a good job of protecting their personal
information and privacy. In a recent survey, 89 percent of
respondents said their local banks are good stewards of their data.
At the other end of the scale were social networks such as Facebook,
Twitter and Instagram, for which 37 percent of respondents said do
a good job of information protection.
See more figures from the
data security survey here...
Overdrafts Cited in CFPB Report
Debit Card transactions
for relatively small amounts triggered the most overdraft fees in
data studied by the Consumer Financial Protection Bureau
said a report out Thursday. The study examined the various types
of transactions that trigger overdrafts, account types, age groups
that experienced the most overdrafts and more. The CFPB also noted
changes banks have made to overdraft programs in recent years that
help consumers avoid overdrafts.
A Bloomberg article about the report cites an anonymous CFPB
source as saying this study, as well as a study last year, will be
the basis for new regulations to be proposed at some point. The
likely focus on those regulations will be how customers opt-in to
debit card overdraft programs and posting order for transactions.
"Many banks offer free, easy-to-use online, email and text-based
account monitoring and balance alert features to help customers keep
track of their balances and avoid overdrafts, even on small dollar
transactions," said Joe Brannen, GBA president and CEO.
"Whatever CFPB decides to do here should certainly take into account
that customers using this service do so voluntarily and value its
More details here...
Us Know Your Thoughts about CFPB's HMDA Proposal
The CFPB has proposed significant
changes to reporting requirements for the Home Mortgage Disclosure
Act (Regulation C). Among the proposed changes, lenders for the
first time would be required to report
property value, loan term, total points and fees, the duration of
teaser rates and the age and credit score of an applicant or
Learn more and access a link to the proposal here...
on Operation Choke Point Shows Signs of Success
Georgia bankers and GBA have been among
many in the industry critical of the Justice Department's Operation
Choke point that has targeted businesses it deems high risk for
money laundering and other criminal activities through enhanced bank
supervision. The FDIC this week withdrew lists of businesses it
considers "high-risk" from guidance about banking third-party
payment processors. The lists had been associated with Operation
Choke Point, about which ABA Vice Chairman and former GBA Chairman
Dan Blanton, CEO, Georgia Bank & Trust, Augusta, testified to
See a summary of the FDIC's statement and access a link to its full
to Attend our Bank Director and Executive Management Conference
Bank Directors' responsibilities and
liabilities have greatly expanded during the past few years as
we suffered through our second banking crisis in modern times.
Here are some good reasons to attend our conference coming up
Aug. 27 at Idle Hour Country Club designed to give
directors the tools and information they need to be effective...
Compliance Conference Update
BSA: De-risk or
up Your Game?
compliance demands an effective risk-based approach. Attendees at GBA's 2014 Compliance Conference
will learn about the risks of and best practices for serving foreign customers,
money services businesses (including those involved in digital
currencies such as bitcoin), and third-party payment processors. Jay Postma will lead the
or up Your Game?" session on day 1 of the conference. Postma is
president of MSB Compliance, Inc., an Atlanta-based firm
specializing in BSA, USA Patriot Act and anti-money-laundering
consulting services and support activities for banks. Click here for more agenda details, hotel
information and online registration. Contact
404.420.2024, with questions.
GBA Window Decals Offer Clean, Consistent Appearance
and High Quality
Pre-orders for GBA's Holiday Closing Decals, No-Firearm-Policy
Decals Still Available
For years, the GBA has been the preferred source for banks to
buy top-quality, thoughtfully designed window and door decals
that provide a consistent, professional appearance at every branch.
We're now accepting pre orders for our 2015
Holiday Closing Decals that
communicate the 10 holiday closings recognized by the Federal
Reserve Bank in accordance with FDIC rules. GBA's Holiday Closing
Decals are made of the same high-quality material and are the same
dimensions as our popular No-Firearm-Policy Decals, so if your
bank bought those earlier this summer, please consider adding a
pre-order of Holiday Closing Decals to give your branch signage a
GBA Holiday Closing Decals feature...
also have a limited supply No-Firearm-Policy Decals available if you
need them. These Decals are $9 each for up to 10 decals and $8 each
for orders of more than 10 (plus tax and shipping). Contact
Kenyetta Parks to place your order today.
Has your bank
contributed to the GBA StatePAC yet? Or, have your eligible
employees, officers and directors contributed to the GBA FedPAC yet?
As a reminder, the GBA StatePAC accepts contributions from a state
bank or the holding company of a national bank while the GBA FedPAC
accepts personal contributions from bank officers, directors and
Members are also encouraged to contribute to the StatePAC.
Here are the contribution forms for each PAC with suggested giving
amounts for your use.
See how your group has done so far this year. With questions,
Chandler at 404.420.2027.
Thanks to those that have
already made their contributions including these individuals and companies that contributed to the
13th-Annual Georgia BankPAC Golf Classic Scheduled - Oct. 1
Another great way to contribute to the GBA StatePAC campaign is by participating in
Leadership GBA's thirteenth annual
BankPAC Classic Wednesday, Oct. 1, at The Club at
River Forest in Forsyth. This two-person scramble tournament is sure
to be a fun and challenging event for everyone. Registration is $150
per person, $250 per team or $450 for a team plus hole sponsorship
(a $100 savings). The proceeds will be donated to the GBA StatePAC.
Click here to register. With questions, please call GBA's
Susie McGehee at
Bankers Invited to HARP Outreach Program
The Federal Housing Finance Agency is
making a push to help the 54,350 Georgia residents still eligible to
participate in the Home Affordable Refinance Program (HARP). These
eligible borrowers could save as much as $2,000 each per year by
refinancing their mortgage. Bankers are invited to attend a meeting
of housing experts and community leaders in a town hall-style
meeting about the program at Ebenezer Baptist Church in Atlanta on
Aug. 14 from 11 a.m. to 1 p.m. FHFA Director Mel Watt will
participate in the program, which will feature representatives from
Fannie Mae; Freddie Mac; the U.S. Department of the Treasury;
Regions Mortgage; and a representative from D&E, A Financial
Education and Training Institute, Inc.
See how to sign up to attend and review the HARP
Act Seminar: Basic Compliance for Bank Employees Aug. 21
is a focus for bank examiners, who expect that all bank
employees, particularly frontline personnel, are well-trained at
least annually on the various reporting and recordkeeping
requirements for BSA, CIP and OFAC. GBA is aware of the need for
this training and has set up a helpful resource for you and
your bank. Take advantage of this seminar Aug. 21 at the Idle Hour
Country Club in Macon.
This seminar will address the fundamental BSA
reporting and recording requirements, including the following
Marketing Peer Group Sept. 9
Analytics & Search Engine Optimization
How do you know if your bank's website is effective? Plan to attend GBA's Marketing Peer Group on Sept. 9 and learn the keys to
confidently knowing that it is. You'll get detailed instructions
about setting up website analytics, the specific metrics to track,
how to use what you learn and how to drive more people to your site.
You'll also learn how to convert clicks into customers, how to track
specific product campaigns and tips for reporting your results to
management. Denise Maling, of
AIS Media, Atlanta, will lead this
session using real bank examples and providing take-home tips.
Get registration details about the upcoming Marketing Peer group
Bank Counsel and Bank Accountant Conferences - Oct. 12-14
Presidents/CEOs, Bank Attorneys and
Associate Member Accounting Firms, mark your calendars for GBA's
annual President/CEO Conference, Bank Counsel Conference and Bank
Accountant Conference. These three events will be held
simultaneously Oct. 12-14 at
The Ritz-Carlton Lodge, Reynolds
Plantation, Greensboro. Details about the conferences will follow
soon. GBA has reserved a block of rooms at The Ritz at a reduced
rate of $169 per night for single or double occupancy. Make
reservations by calling the hotel directly at 706.467.0600. Be sure
to say you are with the GBA to receive this special rate. The
cut-off date for reservations is Sept. 17. After this date, all
reservations will be subject to prevailing rate and space
availability. With questions or to register, please contact GBA's
Susie McGehee at 404.420.2010.
Retirement Services Can Help Your Bank and Your Client Companies
Many members already enjoy the
outstanding 401(k) and other retirement plans offered by GBA
Retirement Services. Recent changes to SEC rules have expanded the
types of companies that can participate in the GBA Master Retirement
Trust, which is good news for members. The Board of Directors of GBA
Retirement Services recently approved allowing customers of GBA
Trust members into the Trust through referrals by those member
banks. You can earn referrals for new participants that sign up, as
well. Please call
Mandy Richards at 404.420.2025 or
Danielle Driggers at 404.420.2002 for assistance in doing a
plan review for your bank or for information about how to make GBA
Retirement Services plans available to your clients. Check out the
GBA Retirement Services Video,
Community Shredding and Habitat Donation Get Spotlight this Week
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
Read about all the Georgia Bankers making news this week...
Pictured here are the six Community Bank of the South
employees that have been with the bank since day one.
Front row: Margie Hopkins; Second row: Sylvia Hamby, Lee
A. Scroggins, Jr.; Third row: Tammy Freeman,
Janet Taylor; Top row: Mary Tinsley
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.
TruPS Town Hall
Bank Director and Executive Management Conference
Marketing Peer Group
Sept. 24 - 26
Oct. 12 - 14
Bank Counsel Conference
Oct. 12 - 14
Bank Accountant Conference
Oct. 12 - 14
Full GBA-U Calendar
Career Paths for Bankers
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