Georgia Bankers Association - The Resource that Empowers

August 8, 2014

 


Attention Bank Counsel Section Members!
Status of Important Banking Cases for August 2014

 

Rely on GBA Strategic Partner Gladiator Technology® for Protection against Today's Malware Threats

With about 200,000 new variants of malware written every day, malicious software infections on bank networks continue to pose a major security threat. Traditional anti-virus protection is no longer sufficient to protect your network and non-public information from today's complex threats. Turn to Gladiator Technology from ProfitStars® for help in staying one step ahead of the bad guys. Gladiator® Advanced Malware Protection™ (AMP) is a robust, cloud-based solution that that provides a safe and secure Domain Name Service (DNS) to proactively protect against today's sophisticated malware threats. Further, this cutting-edge layer in malware defense leverages the expertise of the Gladiator Security Research department, including its Internet Threat Watch List database, and industry-leading partners in DNS security and threat intelligence. Gladiator is a GBA Strategic Partner. Contact 877-GLADTECH for immediate assistance or visit www.profitstars.com for more information.
 

Employee Benefit Selections are Easy and Affordable with Holmes-Shaw

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 affordably. The variety 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 its clients. Some of these products and services include...
 


Job Bank
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BANKSTAT Management Reporting and Analysis Reports

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Georgia Financial Directory

Thumbprint Signature Program

Pledging Pool

Georgia Bankers Discuss Trust Preferred

In light of the ongoing and upcoming challenges faced by some bank holding companies that have issued trust preferred securities, Georgia bankers gathered for a town hall meeting in Macon on Wednesday to discuss ideas for issuers, holders and potential acquirers. Scores of bankers and industry advisors turned out to discuss the issues, including structures of trust preferred issuances and the pools that purchased them, regulatory issues, the impact on boards of directors and possible solutions. While one takeaway is that there is no “one size fits all” solution, bankers enjoyed a full day of discussion and now are armed with a better understanding of the relevant factors to help them evaluate their options. Read more highlights form the TruPS Town Hall and access links to the agenda and presenter contact information...

 

Take Advantage of August Congressional Recess

No, don’t take a break or breathe easier with Congress in recess during the month of August. What we mean is that this is a perfect opportunity for you to visit in person with your member of congress on two key bills we’re trying to get a vote on the floor of the U.S. House of Representatives when they go back in session in September. The first bill, H.R. 2673 by Rep. Andy Barr (R-KY) essentially would give automatic compliance with the Ability to Repay and Qualified Mortgage requirements of Dodd-Frank if the bank keeps a real estate mortgage loan in portfolio. That would be huge for many of our banks who seldom sell loans into the secondary market primarily because of the nature of their customers and their borrowing ability. The second bill, H.R. 4521 by Rep. Blaine Luetkemeyer (R-MO), exempts smaller banks from escrow and other servicing requirements. Here’s a link to a one page brief from the American Bankers Association that highlights the key provisions of the two bills. Both bills have been reported out of Committee, but we’re told we need to get more bipartisan support before a vote will be called. Here is what we need you to do...

 

Performance Sneak Peek

Georgia Bank Profitability, Lending Climb During Second Quarter

About nine of every 10 Georgia banks were profitable in the second quarter (89.7 percent). That's an increase from first quarter's 86 percent and the 86.6 percent in second quarter of 2013. All of Georgia's banks have filed their Call Reports, and the profitability stats are an early read we got from data provided by SNL Financial. Also of note, 71 percent of banks based in Georgia reported increased loans, with 39 percent of them producing double-digit loan growth. Look for more detailed analysis once the official FDIC summary is available later this month.

 

Jumbo and Nontraditional Mortgage Approval Rates Affected by ATR/QM Rules

There were a few interesting notes from this week's senior loan officer survey released by the Federal Reserve. The first is that two types of mortgages seem to be most affected by the CFPB's qualified mortgage (QM) and ability to repay (ATR) rules: prime jumbo loans and nontraditional mortgages. Loan officers reported reduced approval rates on applications for both types of loans. Most large banks and only about half of all other banks reported no significant effects on prime conforming mortgages. Loan officers also reported a general ease in lending standards and terms, and overall demand is on the upswing. Here's a link to the report...

 

Bank Directors & Executive Management Conference - Aug. 27

This conference has been meticulously designed to examine issues that are high priorities for regulators and banking executives, and the focus is on information that will help directors understand their critical role and also provide guidance about how they can achieve success in the coming years. This conference is designed for directors, CEOs, CFOs, and executive management of community banks of all sizes. Inside and outside directors will gain a better understanding of the duties and responsibilities involved in this leadership role while also discovering how to enhance profitability in this challenging environment. This conference will be held on Aug. 27 at the Idle Hour Country Club in Macon. Please click here to register for the Conference. If you have any questions please contact GBA's Danielle Driggers at 404.420.2002.

 

U.S. Households - Most Say “We’re doing okay”

The Federal Reserve is just out with its new Report on the Economic Well-Being of U.S. Households. The report provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face based on responses of just over 4,100 people to a recent survey. The report provides insight into housing and living arrangements; credit access and behavior; education and student loan debt; savings; retirement; and health expenses. Here are some key takeaways...

 

Compliance Conference Update

Need a Reason to Attend the 2014 Compliance Conference? We've Got Three!

GBA's 2014 Compliance Conference is packed with opportunities for attendees to learn from the experts and network with peers. On Day 1, Wednesday, Sept. 24, attendees will hear representatives from the Federal Reserve, FDIC, OCC, and Georgia Department of Banking fielding your questions about issues that are weighing on your bank. Wednesday's agenda also includes valuable Peer Group Discussions. Then, Compliance Committee members Louvera Walden, Senior Compliance Manager of FIS Global's Enterprise Governance, Risk & Compliance (EGRC) Solutions, and Amanda Hollingsworth, AVP/Loan Compliance/Asset Quality Control at First American Bank & Trust in Athens, will lead a discussion on ARM requirements found in Reg. Z and provide attendees with guidance about when they are preferable to fixed rate mortgages. The Compliance Conference will be held Sept. 24-26 at Idle Hour Country Club in Macon. You may choose to register for the full conference, Day 1 only (compliance risk management), or Days 2 and 3 only (loans). Click here for more agenda details, hotel information and online registration. Contact Kathy Friestad, 404.420.2024, with questions.

 

Marketing Peer Group - Sept. 9

Tools of the Marketing Trade: How to Modernize your Marketing Plan

Take a fresh look at the most important tool of the trade, your marketing plan. Charles Jordan, of the Charles Jordan Group, a strategic marketing firm based in Atlanta will give you a kit to take back to your bank for modernizing your marketing plan. He'll share key questions you and your management team should be answering and share a guide for how those answers can drive a modernized plan and change how you view traditional marketing. And, he'll facilitate discussion about tools you are using or have questions about based on the principles he'll outline and samples you provide. This session will give you a lot of new ideas and take-home resources. Click here for more information about the agenda and online registration...

 

Lindsey Piegza to Give Economic Update at President/CEO, Conference

Join Chief Economist, Lindsey Piegza with Stern Agee, Chicago, at GBA’s annual President/CEO Conference, as she provides an updated look at the pace of the recovery and what it means going forward for growth, interest rates and monetary policy. The conference will be held on Oct. 12-14 at The Ritz-Carlton Lodge, Reynolds Plantation, Greensboro. Conference brochures will be mailed soon. GBA has reserved a block of rooms at The Lodge at a reduced rate of $169 per night for single or double occupancy. Reservations may be made 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 September 17. After this date, all reservations will be subject to prevailing rate and space availability. Click here to register online. With questions, please contact GBA’s Susie McGehee at 404.420.2010.

 

Fall is Fantastic for Financial Education Efforts

GBA encourages members to participate in the Get Smart About Credit and Lights, Camera Save! programs from the ABA this fall. Registration is now open to participate. "I'd really love to see a high percentage of Georgia banks taking part in these programs," said GBA Chairman Remer Brinson, president and CEO of First Bank of Georgia, Augusta. "These are two easy and fun ways for bankers to make a big difference in our communities." The programs promote good money habits, how to save for college and how to protect identities. There's a combined registration process, and banks can register for either program or both at once. ABA is hosting three free webinars for participating banks, too...

 

Youth-Savings Pilot Begun by FDIC

Member banks with targeted savings programs for students may want to sign up for FDIC's new pilot program to highlight financial education and savings programs for students. The program will identify and highlight promising approaches to offering financial education tied to the opening of safe, low-cost savings accounts to school-aged children. More about FDIC's new Youth Pilot Program...

 

Georgia BankPAC Campaign Update

The 2014 BankPAC Campaign made good progress this week and we hope that you will take a moment to see how your GBA Group is progressing toward its' goals for the FedPAC and StatePAC. 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 eligible employees. Thanks to those that have already made their contributions including these individuals and companies that contributed to the GBA BankPAC this week...

 

 

Support the GBA StatePAC at the Annual Georgia BankPAC Golf Classic - Oct. 1

Another great way to contribute to the GBA StatePac campaign is by participating in Leadership GBA's thirteenth annual Georgia 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 404.420.2010.

 

Bank Secrecy Act Seminar: Basic Compliance for Bank Employees - Aug. 21

BSA compliance 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 topics...

 

Loan Documentation Seminar - Sept. 4

Prevention of loan losses through implementation of proper loan structuring and documentation techniques is critical in the banking industry today. Join Mike Allen, Executive Vice President, State Bank and Trust Company, Atlanta at GBA's Loan Documentation Seminar as he shares techniques for proper loan documentation. Topics include: background and review, identifying the borrower, identifying the collateral, evidencing the debt, attaching and perfecting the collateral, real estate specifics and much more. Designed for commercial loan officers, commercial loan personnel, loan assistants and closing specialists, the seminar will be held on Sept. 4 at Idle Hour Country Club in Macon. Click here to register for the seminar. With questions, please contact GBA's Danielle Driggers at 404.420.2002.

 


Key GBA Event Reminders
 

BSA Seminar

 

Aug. 21

Click here to register

 

Bank Director and Executive Management Seminar

 

Aug. 27

Click here to register

 

Loan Documentation Seminar

 

Sept. 4

Click here to register

 

Marketing Peer Group

 

Sept. 9

Click here to register

 

Compliance Conference
 

Sept. 24 - 26

Click here to register

IRA Update and Review Workshop

 

Sept. 25

Click here to register

 

Georgia BankPAC Classic

 

Oct. 1

Click here to register

 

President/CEO Conference

 

Oct. 12 - 14

Click here to register

Bank Accountant Conference

 

Oct. 12 - 14

Click here to register

Bank Counsel Conference

 

Oct. 12 - 14

Click here to register

Financial Risk Management Conference

 

Nov. 4 - 5

Click here to register

 


 

GBA Community Connections

GBA Members Give Community Members a Voice with Gov. Deal and Support Countless Civic Causes for Good

Click here to read about the 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 Bo Brannen and David Oliver.

 

Newsmakers

Read about all the Georgia Bankers making news this week...

 

Johnson

Ponder

 

Whitesides

Martin

 

GBA employees recognized for service anniversaries and pictured with GBA president and CEO Joe Brannen are, from left to right: Erin Howard, 8 years; John Runnion, 14 years;
Elizabeth Chandler, 18 years; Dan Thomason, 30 years;
Angela Barber, 15 years; Danielle Driggers, 2 years;
Gino Lassiter, 16 years
; Kenyetta Parks, 14 years;
Susie McGehee, 15 years and Susan Kelley, 37 years
(not pictured).
Here are more scenes from the staff meeting…

 

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.

 

GBA|U
 

 

BSA Seminar
Aug. 21
Macon


Bank Director and Executive Management Conference
Aug. 27
Macon

Loan Documentation Seminar
Sept. 4
Macon

Marketing Peer Group

Sept. 9

Macon

Compliance Conference
Sept. 24 - 26
Macon

President/CEO Conference
Oct. 12 - 14
Greensboro

Bank Counsel Conference
Oct. 12 - 14
Greensboro

Bank Accountant Conference
Oct. 12 - 14
Greensboro

Webinars

AIB Courses

Compliance Calendar

Lending Calendar

Ops/Tech Calendar

HR Calendar


Asset/Liability Calendar

Management Calendar


Security Calendar

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

50 Hurt Plaza, Suite 1050 | Atlanta, Georgia 30303 | Telephone: 404.522.1501