December 8, 2017    

First Bipartisan Bill Amending Dodd-Frank Advances
Our thanks to Sen. David Perdue (R-GA) for his help and his encouragement to his colleagues on the Senate Banking Committee to pass the first significant change to the Dodd-Frank Act since its passage in 2010. Committee Chairman Mike Crapo (R-ID) led the negotiations among his Republican colleagues and found middle ground with three Democrats and one Independent on the committee to move the bill forward. They voted 16-7 on Monday to report S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. Eleven Democrats and one Independent have cosponsored the bill, so that bodes well for a strong vote on the floor. Almost all the provisions apply to community or regional banks and have been among our top priorities. Some of the provisions still apply to banks using hard asset thresholds. See more here...
Take Action to Support Senate Reg Reform Bill
We’d like all GBA members to reach out to our Senators to keep the momentum going for common sense regulatory reform for financial services. Any GBA member banker can easily contact Sens. Isakson and Perdue to support S. 2155 at the link below. You’ll want to specifically thank Sen. Perdue for his work supporting the bill and voting to move it out of the Senate Banking Committee. You’ll want to encourage Sen. Isakson to vote for the bill when it reaches the Senate floor. This tool makes it easy to customize a quick email to each. Contact Sens. Isakson and Perdue now...
Loudermilk Reg. Reform Bill in Hearing
We’re supporting and monitoring the progress of a bill by Rep. Barry Loudermilk (R-GA) that would improve the EGRPRA regulatory review process that happens every 10 years. The House Financial Services Committee held a hearing on the bill Thursday. The EGRIRA process is required to review and remove outdated and duplicative regulations. Rep. Loudermilk’s bill would make the review process more frequent, expand it to cover more agencies, including the CFPB, and giving agencies more flexibility to get rid of unnecessary rules. The bill is called the Comprehensive Regulatory Review Act. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.
Georgia Weighs in on ABA Government Relations Council
The Administrative Committee of the ABA Government Relations Council met this week in Washington. The members reviewed progress on ABA’s policy priorities for the past year and discussed strategic issues such as financial innovation policy. A wide range of other topics were top of mind including tax reform, CFPB leadership and the bureau’s focus going forward, protecting the payments system, data security, housing finance and industry political engagement. Stan Kryder, First Landmark Bank, Marietta, represents Georgia on the Council. Also beginning a term on the Council is GBA president and CEO Joe Brannen filling one of the four slots reserved for state bankers association executives. Jim Edwards, United Bank, Griffin, also attended as a member of the ABA Board of Directors that reviews and approves the policy priorities identified by the Council. More highlights from the council meeting here...
Credit Professionals Gather at Annual Conference
A strong crowd of Georgia bank credit professionals turned out this week for the Annual GBA Credit Conference. Click here for a quick rundown of the program. Thanks to the GBA Credit Committee for planning such a stellar program. The committee is led this year by chair Scott Swafford, United Bank and vice chair Bill Thompson, Queensborough National Bank & Trust Company. Thanks also to our sponsors and exhibitors, whose participation helps us present the conference...
2017 Credit Conference
Announcing: New GBA-U Webinars in Early 2018
Registration is now open for several new webinars dealing with payments risk and fraud prevention. Terri Sands, CAMS - Audit, CFE, AAP, ACT specialist, director of Financial Investigative Unit for State Bank & Trust and the founder of Secura Risk Management, has partnered with GBA to host these timely and informative programs. Starting in February 2018, Sands will present the following...
GBA Retirement Plan Shifting to Managed Account Solutions
In a recent webcast presented by David Blanchett, formerly with Unified Trust, and Dan Bruns, from Morningstar, both described the benefits of Managed Accounts for participants in 401(k) Plans and why we are starting to see a shift from Target Date Funds to Managed Accounts. Through the partnership with Unified Trust Company, GBA Retirement Services, is ahead of the trend and has begun the transition to a Managed Account as the default investment alternative for participants. This Managed Account Solution, called the “UnifiedPlan,” is available for all participants in the Trust at no additional cost to them. Among the group of banks in the Trust that transitioned to the UnifiedPlan on Oct. 1, 95 percent of all plan participants elected to stay in the Managed Account Solution rather than select a risk-based portfolio or self-directed list of funds. Let us help you review your current plan and compare it to what GBA Retirement Services can do for you. Please contact Mandy Richards, 404.420.2025, for more information on Managed Account Solutions or for assistance in doing a periodic review and comparison of your retirement plan.
2017 BankPAC Campaign Update
There is still time to join your peers from around Georgia and make your contributions to the 2017 BankPAC Campaign. 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. Take a look at the overall campaign progress here. Contributing this week to the GBA StatePAC is associate member Doug Mims, Partner with Carr, Riggs & Ingram, LLC of Atlanta and contributing to the GBA FedPAC is Hugh Lentile, President & CEO of Wheeler County State Bank. With questions, please call Elizabeth Chandler at 404.420.2027.
Analyzing Financial Statements - Jan. 30
Seminar to Cover Personal and Commercial Financial Statements

During GBA’s Analyzing Financial Statements seminar Jan. 30 at Idle Hour Country Club in Macon. Mike Allen, EVP/senior credit officer for State Bank and Trust Company, will teach attendees how to analyze personal tax returns and commercial financial statements during this hands-on program designed for commercial lending officers, credit trainees and analysts. (Please bring a calculator!) Register by Jan. 22 for the early-bird price of $225 per person. Click here to register online. Please contact GBA's Katina Prokos at 404.420.2021 with questions. Mike was also recognized by the Graduate School of Banking at LSU as the top faculty member.
Financial Crimes Risk Management Symposium - Jan. 31
Mitigating Cybersecurity Risks

GBA’s new Financial Crimes Risk Management Symposium Jan. 31 at Middle Georgia State University in Macon will kick off with Michelle Tyde of Kilpatrick Townsend & Stockton, discussing how fraudsters are penetrating financial institutions, how to know if your bank has the right cyber insurance in place and what your bank needs in its incident response plan to mitigate reputational damage. Presented in partnership with Secura Risk Management, this symposium provides a forum for attendees to actively participate with speakers and peers in discussions on cybercrime, emerging threats and methods for fighting such crime. In addition to Tyde’s session on mitigating cybersecurity risks, attendees will learn about...
Did You Know We Offer…
Bank Financial Management-Executive Education Online Training

These courses are designed for individuals who are involved in the financial management of their bank, including junior officers up through CEOs, CFOs and other senior officers who make key decisions that affect bank profitability. These courses cover the analysis of bank performance, the measurement and management of interest rate risk, and the management of funding, liquidity and capital. All of the facilitated courses use the same textbook, and each course includes exercises in which participants apply these concepts to their own institution. Candidates should have an understanding of accounting and financial markets before beginning the required courses. Experience in the use of electronic spreadsheets is helpful but not required. Find out more here...
ABA Insurance Services Rolls out Enhanced D&O Liability Coverage
For more than 30 years, the GBA-endorsed insurance program from ABA Insurance Services (ABAIS) has been supporting America’s banks by providing insurance that continuously evolves in step with the industry. We’ve learned that numerous GBA members have made the switch to ABAIS in the past few years as a result of their ongoing commitment to keeping pace with today’s litigious environment. As proof of that; ABA Insurance Services recently has developed an enhanced Directors & Officers Liability (D&O) policy to protect your bank and the directors, officers and employees more effectively against alleged and actual professional liability related claims. Click here to read about the updated coverage features and more. If you're reviewing your bank's policy soon, please consider ABA Insurance Services. Contact ABA Insurance’s Pat Williams, 410.960.6878, with questions.
A note about agents and brokers:
ABA Insurance Services will work closely with your bank's current agent or broker. GBA has always helped those banks who either don't have a local agent/broker or who don't want to go direct to the carrier by suggesting a broker who has experience in this specialized line of business. Our recommended broker is unaffiliated with ABA Insurance Services, nor is he exclusive to them. If you'd like more information, please contact Hayward McEver, 404.949.3825.
Upcoming GBA-U Webinars
A GBA-U 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 website "seat," one telephone site license and all handout materials. If you can't attend the webinar, you may buy the CD of the recording, handout materials and/or 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...
Fill a Job, Find a Job with the GBA Job Bank
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.
2018 Holiday Decals Still Available
The 2018 Holiday Decals were mailed this week to banks that are on the standing order list. We still have a few sets left. If you would like to place an order or to be added to the standing order list for next year, contact Bo Brannen, 404.420.2014. Holiday Decals not only provide a professional appearance but contain the 10 holiday closing dates recognized be the Federal Reserve Bank in accordance with FDIC rules. Prices are $35 per set: 1-5 sets; $32 per set: 6-10 sets, $30 per set: over.
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. Read all about the Community Connections our banks and members have below. 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, or if your company would like to sponsor this content, let us know. Here's our latest installment...
Newton Federal Bank
State Bank and Trust Company
People's 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