August 4, 2017       

Front row, from left: Joe Brannen, Georgia Bankers Association; Christiana Thornton, NH Bankers Association; Keith Thornburg, Missouri Bankers Association; Back row, from left: Daniel Forte, Massachusetts Bankers Association; Richard Baier, Nebraska Bankers Association; and Roger Beverage, Oklahoma Bankers Association. Photo courtesy of ABA.

GBA to CFPB: “This ain’t gonna be easy!”

Top officials from the Consumer Financial Protection Bureau spent an afternoon this week with a group of state bankers association executives and representatives from the ABA to discuss the Bureau’s proposed small business lending data collection project. The Dodd-Frank Act Section 1071 mandates banks collect and report data about these loans, especially those to minority- or women-owned businesses. GBA president and CEO Joe Brannen participated in the discussion as did colleagues from state bankers associations in Nebraska, Oklahoma, Missouri, New Hampshire and Massachusetts. “We took this opportunity to help inform the Bureau about how commercial lending works on Main Street. We told them that the consultative process between bankers and borrowers lends itself poorly to formulaic reporting that’s more easily done with commodity products like mortgages. And we reminded the Bureau that lending to small businesses is essentially blind as it relates to the demographics of the borrower, although that’s the crux of this data collection project. From surveys of all our members, we were able to share real life examples we hope will be helpful as the Bureau moves forward,” Brannen said. More highlights here...

McLanahan

How the News Business Shaped McLanahan’s Career

Rhodes McLanahan’s first “paying” job involved buying a business, learning supply chain management, sales effectiveness and collections. It was a paper route. “I had to purchase the route from a graduating student the summer before school started, so I didn’t earn anything on my investment until three months later. My success was ultimately determined by my ability to sell subscriptions, consistently deliver the paper on time and my ability to collect from my subscribers on a monthly basis,” says McLanahan, president and CEO of First American Bank & Trust Company, Athens. Read more about McLanahan, who serves on GBA’s Community Bankers Committee and Board of Directors representing banks in GBA Group 10, in this week’s GBA Member Profile feature…

Don’t Miss GBA’s 125th Anniversary Celebration at Area Membership Meetings

Wish GBA a happy 125th birthday while enjoying fellowship with other area bankers and hearing from the GBA elected leadership and staff at one or more of GBA’s 10 Membership Meetings around Georgia in August and September. The lunchtime meetings from 11:30 a.m. to 2 p.m. will recognize local GBA volunteers, feature a fun look back at GBA's first 125 years of service and have an informative discussion on some plans we've put in place to ensure our members' success for the next 125 years. Registration is $45 per person. Click here to register. Not sure which meeting to attend? Click here to see a group map. With questions, please contact GBA’s Katina Prokos

GBA 125 Fast Facts

Shocking Activities Highlighted 1918 GBA Meeting

During the prohibition era and World War I, Georgia bankers sought to bring a little levity to their meeting during the 27th GBA annual convention in an unusual way. From our archives about the 1918 meeting in Atlanta: “As a memorial to other days, a fake bar was rigged up, where soft drinks were the limit of stimulants, unless you happened to step on the brass rail. That time-honored custom gave all patrons a shock - electrical - affording a continuous gale of merriment as each new victim assumed the correct and habitual attitude of facing the bar. In presenting the golf trophies, the honor men were seated on the stage. After the cups were presented, Chairman Robert F. Maddox

Fed Lending Officer Survey

Residential Real Estate Demand Strengthened in July

July’s Senior Loan Officer Opinion survey on Bank Lending Practices from the Federal Reserve showed growing residential real estate demand, declining C&I demand and overall weaker demand for credit card and auto loans. Lending standards for C&I loans were unchanged, but banks tightened standards on commercial real estate on weakening demand. Standards for residential real estate eased or remained unchanged. Read more here…

Quinlan

Quinlan to Deliver Economic Update at October President/CEO Conference

As the current economic expansion enters its ninth year it is fast approaching the title of “longest on record.” That said, the pace of growth has been the slowest of any post-war expansion. Senior Economist Tim Quinlan, Wells Fargo, will consider the durability of this expansion and consider the influence from fiscal and monetary policy on the economic outlook. He will also discuss the regional outlook for Georgia at this late stage in the economic cycle. GBA’s President /CEO Conference is Oct. 1-3 at The Ritz-Carlton Lodge, Reynolds Plantation, Greensboro. Conference brochures will be available soon, but you can register here now. GBA has reserved a block of rooms at The Ritz at a reduced rate of $189 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. 1. After this date, all reservations will be subject to prevailing rate and space availability. With questions, please contact GBA’s Susie McGehee

Compliance Conference - Sept. 20-22

How Georgia's New Power of Attorney Statute Will Affect Your Bank

The General Assembly of Georgia passed and Gov. Nathan Deal signed a new law substantially overhauling financial Powers of Attorney, and the statute went into effect July 1. How does this new act affect your bank, and what should your compliance team be doing as a result? Make plans to come to GBA’s 2017 Compliance Conference, Sept. 20-22 in Macon, to find out. Jennifer Odom of Bryan Cave and Letitia (Tish) McDonald of King & Spalding, will be on hand to address how the new act is different from the old act, which act applies and when, and will discuss other matters of interest in using powers of attorney. Online registration is quick and easy - click here to reserve your spot and to see a detailed agenda and hotel information. If you have questions, contact GBA’s Kathy Friestad

2017 BankPAC On a Roll

It's been another successful week for the 2017 BankPAC Campaign. Have you contributed yet to this important industry wide effort? Here are your fundraising guide and contribution forms for easy use when your bank makes a contribution to the StatePAC and eligible employees and directors make personal contributions to the FedPAC. Eligibility and suggested contributions are included on the contribution forms. See how your GBA group is doing so far. With questions, please call Elizabeth Chandler at 404.420.2027. Contributing to the GBA BankPAC this week are…

The Skinny on E-Signatures

As society has grown more accustomed to digital processes, more people have come to expect the ease and speed associated with conducting business online. It’s the norm for bank customers these days to have online access to account information and to do basic transactions, but when a signature is needed, for a loan application or other bank document, financial institutions and their customers often must return to paper--causing a disruption in the digital momentum. So, more banks are choosing to adopt e-signatures and incorporate them in their workflows. New GBA Associate Member SIGNiX offers good info about how to answer customer questions about e-signatures in this article...

Georgia Flavor for CFPB Financial Caregiver Webinar Coming Aug. 22

Two leaders from Georgia will take part in a free webinar from the CFPB to help financial caregivers in our state. The CFPB’s Office for Older Americans has created easy-to-understand Managing Someone Else’s Money guides with information and resources specific to Georgia, and the webinar will cover them and how you can help people acting as financial fiduciaries for older adults and adults with disabilities. Speakers include…

Four Ways to Save/Make Money or be More Effective

It’s getting to be budget time, so it’s a good time to remind you of some member benefits we think can help banks in the coming year. Check out these offerings from GBA Strategic Partners:

  • Bank Insurance: If your bank’s D&O, bond, property and casualty, cyber and related insurance policies are up for renewal soon, check out ABA Insurance Services. They can work with you or your agent to customize your policies. It’s become more and more common for ABA Insurance Services to underwrite policies with three-year renewal cycles, which can save on policies and make the process more efficient. Details here. We also have a recommended broker, McEver Tribble, if your bank doesn’t already have a local relationship.

  • Overdraft Revenue: John M. Floyd and Associates' Overdraft Privilege® is a valuable non-discriminatory, 100-percent compliant automated overdraft program that strengthens account holder satisfaction and raises market share. Here's a link to additional information about JMFA Overdraft Privilege®.

  • Office Supplies, Furniture and More: GBA’s Office Depot purchasing program for banks, Associate Member companies and employees can save you up to 80% off MSRP off more than 800 common products. Details here...

  • Customer Growth: Deluxe has mastered the art and science of making connections through measurable, sustainable programs for customer acquisition and growth; payments, fraud protection and security; small business marketing and supplies; and non-interest income generation. Details here...

Those four areas are just the tip of the iceberg of how GBA can help member banks succeed. See more of our Strategic Partners here and our full list of specialized products and services here. With questions, contact Bo Brannen, 404.420.2014, or David Oliver, 404.420.2036.

GBA Retirement Services- Making it Easy

Your business is one of a kind. Your bank has likely spent considerable time developing personalized workflows to achieve your goals in an efficient and effective manner. Just like you, we have too! At GBA Retirement Services, we believe it is important that we take a flexible approach so retirement plan administration fits seamlessly into your daily work activity. Delivering retirement success for your co-workers doesn’t have to be difficult. When you are a GBA Retirement Services member, we make it easy! Here are just a few ways we make it easy for your bank…

Internal Audit Seminar - Sept. 28

Presented in partnership with Crowe Horwath, LLP, GBA’s next Internal Audit seminar will cover auditing the Electronic Funds Transfer function, the deposit function and the branch operations function as well as recent trends in financial institution fraud. During this seminar Sept. 27 at Idle Hour Country Club in Macon, Mike Thomas, partner with Crowe, will lead a practical, hands-on discussion of effective practices in auditing these functions, including the following topics…

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

GBA Job Bank
New Positions in Branch Management, Loan Operations, Credit Underwriting 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.

Logan

Shook

Hall

Terry

Rustin

Landers

Puckett

Metzler

Congratulations to QNB&T's
Edie Pundt on her retirement after
48 years of service to the bank.

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