August 5, 2016       

Rounds

GBA Backs TAILOR Act

This week GBA was among the signatories on a letter to all U.S. Senators in support of S. 3153, the “Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2015.” This legislation, introduced by Sen. Mike Rounds (R-SD), a member of the Senate Banking Committee, simply directs Federal bank and credit union regulators, when taking a regulatory action, to consider the risk profile and business model of an institution or class of institution involved. The letter asks all Senators to co-sponsor the TAILOR act, and we’ll be reaching out directly to Sens. Isakson and Perdue for their support. Click her for more details and a link to the full letter…

Members of Congress on Recess – Tools to Use

Members of Congress are now in their districts for their annual August recess, so what better time to schedule a visit? It is election season and every member of the U.S. House and a third of the U.S. Senate (including Sen. Johnny Isakson) are up for reelection with nine of Georgia’s 14 House members having general election opposition in November. However, there’s no reason lawmakers should not have time to meet with bankers to discuss key legislative issues. With the help of the ABA, we’ve assembled background information on five issues that have been the subject of either a recent committee hearing or legislative action. Reminding your congressman of them now will only reinforce the importance. Access the background legislative resources here…

Final Mortgage Servicing Rule and Two Regulatory Proposals Worth a Look

The FDIC and CFPB in the past week have each issued regulatory proposals we’ll be studying and that bankers should also consider for comment letters.
  • The CFPB has issued a final rule adjusting mortgage servicing provisions in Regulations X and Z. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred, and provides important loan information to borrowers in bankruptcy. The changes also help ensure that surviving family members and others who inherit or receive property generally have the same protections under the CFPB’s mortgage servicing rules as the original borrower. Also, the bureau set up a new website for the mortgage servicing rules...

  • The CFPB also has issued some proposed updates to its TRID rules. The proposals address tolerances for total payments, housing assistance lending, cooperatives and privacy and sharing of information. Read more here...

  • The FDIC is seeking comments on updates to its guidelines for institutions to appeal certain supervisory determinations. The proposed guidelines are part of a package issued by the FDIC Board of Directors to improve the transparency and clarity of the FDIC's supervisory policies and practices, and to ensure that institutions have clear and fair avenues to pursue when there are differences of opinion about supervisory matters. Here’s a link to the Financial Institution Letter with more details...

De Novo Bank Conference – Sept. 14

Is the Time Right for a New Round of

De Novo Banks?

The conventional wisdom about new bank formation is that regulatory approval is difficult, there's been a shortage of available capital and reasonable returns on investment are nearly impossible. However, there are recent signs regulators are inviting qualified de novo bank applications and there are opportunities in the marketplace. To examine possible opportunities in today’s de novo bank environment and prospects for the future, GBA will host a De Novo Conference in partnership with Troutman Sanders, LLP and Porter Keadle Moore, LLP on Sept. 14 at the Cherokee Town Club in Atlanta. This conference will benefit anyone seeking to invest in, organize, lead or work for a new community bank. Leaders from key regulatory agencies and other industry experts will be in hand discuss the de novo bank environment in 2016 and beyond. Click here to learn more and register…
Barksdale, at left, speaks at GBA's 2015 Compliance Conference

Compliance Conference, Sept. 14-16, Macon

Compliance Crowd Favorite Andy Barksdale on Day 1 of Fall Conference Agenda

We’re excited to welcome back Andy Barksdale, TruPoint Partners, Charlotte, NC, to the GBA 2016 Compliance Conference, Sept. 14-16 in Macon. If you haven’t heard Andy speak before, you're in for a real treat. New and veteran compliance professionals are encouraged to attend. Register to attend the three-day conference, Day 1 for Deposit Compliance, or Days 2 and 3 for Loan Compliance. Click here to register, access the detailed brochure, and view hotel information
GBA chairman Rick Drews with his wife, Cathy, at the Broadmoor

Get a Sneak Peek at the 2017 Annual Meeting Site

It’s never too early for member bankers to set their calendars to attend the GBA Annual Meeting. Our site June 18-21 next year will be the Broadmoor in Colorado Springs, CO. While every GBA Annual Meeting is special, this one promises to be unique as we’ll be kicking off GBA’s 125th anniversary year festivities. Check out this short video from GBA Chairman Rick Drews, Century Bank of Georgia, Cartersville, for an early sneak peak of our destination. Registration is already open for the meeting, so go ahead and sign up today! Click here for hotel reservation information and to register. With questions, contact Susie McGehee, 404.420.2010.

2016 BankPAC Campaign

Strong support continues for the 2016 BankPAC Campaign and it is important for you and your bank to make your contributions to this industry wide effort. The GBA StatePAC and GBA FedPAC contribution forms as well as the payroll deduction form for the GBA FedPAC provide easy guidelines to get the campaign started in your bank. Please take a look at how your GBA Group is doing compared to its goal and get your contributions in today. Thanks to all of the officers, directors and eligible employees of the following banks for contributing to the GBA BankPAC this week...

Recognize Your Bank or Small Business Customers as Rock Stars

You can score big relationship points with your customers by publicly recognizing them for their success. One way you can do that is through the Georgia Department of Economic Development and Georgia Economic Developers Association annual Georgia’s Small Business Rock Stars contest. Any small business that employs fewer than 100 people is eligible. Your bank is eligible, too, if you meet the employee threshold, so don’t hesitate to chime in for the bank if it meets the criteria. Click here to learn more and nominate a business…

Loan Compliance Resource

New Flood Hazard Determination Form Available

The Federal Emergency Management Agency (FEMA) released an updated Standard Flood Hazard Determination Form (SFHDF) July 27. GBA Strategic Partner ServiceLink National Flood wanted to be sure and share that news with all members, as well as how to access the form at the FEMA website here. ServiceLink National Flood is one of the largest and most experienced flood certification vendors, providing customers with premier levels of hit rates, turn times, accuracy and customer service. To learn more about ServiceLink and the services available to GBA members, contact Ken Twichell, 800.833.6347 x641.

Resource

Analysis of New Trade Secrets Act for Members

The Defend Trade Secrets Act (the "DTSA" or "Act") enacted in May could have an effect on Georgia’s banks, says John Jett of GBA Associate Member Kilpatrick Townsend. The trade secrets law can apply broadly to bank information as diverse as algorithms, customer lists, market analyses and proprietary models, he says, so it’s important GBA members know some of the possible effects. Click here for more info and a link to a legal alert highlighting the law's impact and provisions...

Get on Board with Get Smart About Credit

The annual Get Smart About Credit day for bankers to spend time in their communities sharing good money management practices with teens and young adults is Oct. 20. Bankers can participate that day and throughout the month by making presentations in classrooms to share tips and advice about how to use credit effectively. You can learn more during a free webinar from ABA about the program Aug. 9 at 2 p.m. Bankers interested in participating in the Get Smart About Credit program can sign up online and find out more here...

GBA-U Seminars

BSA Basics, an In-depth IRA Review, ISO Duties and More

GBA-U seminars are designed to offer bankers new perspectives, the tools to progress in their careers and specialized compliance training that is critical in the ever-changing regulatory environment. See below for some of our in-person sessions coming up in Macon:
The price for each event is $225 per person or $250 per person for registrations received within a week of the seminar date. Please note that you will be required to sign in to MyGBA to register. Contact GBA's Katina Prokos via email or at 404.420.2021 with questions.

Help Customers Save SUM® Money!

ATMs 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. 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. Customer advantages include:
  • Access to thousands of surcharge-free ATMs, regardless of how many ATMs your financial institution operates
  • No surcharges for withdrawing cash when using SUM ATMs
  • Find SUM ATMs easily with the bright red logo
  • Look up SUM ATMs wherever you are with the SUM Mobile ATM Locator
  • No sign-up required by cardholders. Your bank simply needs to participate in the SUM program.
For more information, please contact Bo Brannen at 404.420.2014.

Specialized Marketing & Branding for the Digital Age from FMS

Digital marketing channels such as email marketing, social media marketing, blogs, online display advertising, search engine optimization, search engine marketing and mobile marketing are critical for earning new business from today's bank customers. Financial Marketing Solutions (FMS), a Strategic Partner of the GBA, is a niche branding and marketing agency solely serving the financial services industry. FMS empowers banks across the country to take their marketing to the next level--maximizing marketing dollars and delivering measurable results to the bank's bottom line. Learn more about FMS here…

Webinars

BSA for Lenders, Military Lending Act 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.

Universal Banker and other ABA Courses

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 August and Sept...

Don't Forget These GBA Events Coming Up Later in 2016!

  • Compliance Conference - Sept. 14-16, Macon
  • President/CEO Conference - Oct. 2-4, Greensboro
  • Bank Counsel Conference - Oct. 2-4, Greensboro
  • Bank Accountant Conference, Oct. 2-4, Greensboro

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...
Exchange Bank, Milledgeville
Heritage Bank, Jonesboro
Doyle
Kinion
Vick

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.

Attention Attorneys!
Status of Important
Banking Cases