Help Customers Save SUM®
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. Any
small steps that save your customers time, money or add convenience
are truly great.
If your bank is a SUM Program member, your
customers can use any SUM ATM without paying a surcharge. 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.
Regardless of how many ATMs your bank has, with SUM, your customers
have even more options for withdrawing funds anytime, anywhere.
Customer advantages include...
American Bankers Mutual Insurance Gives Peace of Mind
The ABA Insurance Program
(ABAIS) has provided GBA members peace of mind for years through
its directors & officers liability, financial institution bond,
Internet banking liability, employment practices liability and other
related insurance products. ABA Insurance Services works closely
with agents and brokers whether they have a sizable financial
institution book of business or simply write policies for their
local community bank.
Read more about the ABA
Insurance program here...
Access to Multiple Distressed-bank D&O and Bond Insurance Markets,
Coverage Available for Banks of Any Size from McEver & Tribble
a difficult period for D&O Insurance coverage, we are starting to
hear of emerging patterns regarding market response to banks of
varying health. The current market is helpful for certain banks but
still a challenge for others. Healthy banks can expect improved
market response, similar to what they found before the 2008 market
correction, with 3-year policies, no restrictive wording or
endorsements and competitive pricing. Distressed banks, on the other
hand, can expect one-year terms, lower limits, restrictive
endorsements, higher premiums and some are still encountering
regulatory exclusions on their polices as well as Prior Acts
exclusions. The cost to obtain these coverages can be high, however,
GBA Strategic Partner
McEver & Tribble has access to multiple
distressed-bank D&O and Bond Insurance markets and can provide
regulatory coverage for banks of any size.
with questions at 404.949.3825.
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Interest Rate Averages by County
Legislature Considers GBA Priority
There's been a heightened sense of urgency to take care of necessary
business efficiently at the State Capitol this week on the heels of
last week's winter weather as well as with the aggressive calendar
set for this session. The House passed the 2015 annual
budget and sent it to the Senate so the Senate Appropriations
Committee can make their changes and additions before going to
conference with the House. GBA's two priority bills dealing with
certain bank fees and patent trolls were reported out of the
Senate Banking and Financial
Institutions Committee. We've
got a lot more work to do on
by Sen. Lindsey Tippins
(R-Marietta) dealing with
contractors working on real estate to make it construction ready.
More summary from the week at the Capitol
Former GBA Chairman Don Crafton
Dies This Week
were saddened to learn that GBA's chairman Don Crafton of
Dublin died this week. For those who didn’t have the privilege of
knowing Don, he was our chairman in 1982-83 and was president & CEO
of Morris State Bank, Dublin, at the time. "I remember him fondly
for his quiet manner and gracious demeanor and total commitment to
Lawanna and their children, Gene and Linda. Their grandson, Ben, was
a huge part of their lives. Don also was a much-needed mentor for me
early in my career at GBA," said GBA President and CEO Joe
Brannen. Crafton was one of the organizing directors of the GBA
Insurance Trust and served many years as vice chairman. He retired
in 2002. Crafton was a World War II veteran serving with distinction
as part of the Occupation of Japan. After the war, he began his
banking career as a bookkeeper and teller, was a state bank examiner
and later worked with banks in Dublin, Hawkinsville, Pineview,
eventually returning to Dublin in 1980 as President, CEO and
Director of Morris State Bank.
Servicing Standards Draw CFPB Spotlight
implementation of the new mortgage servicing rules that went into
effect last month has the full attention of the CFPB. The bureau's
Deputy Director Steve Antonakes outlined the special
attention it is paying to servicing to a trade group in Orlando this
Read a summary and link to Antonakes' full message here...
Last Chance to Sign Up
Two-Part Seminar: HMDA and CRA Workshop + Fair Lending Feb. 25
As you can see above, with the new
mortgage rules in place there will be a lot of scrutiny on a variety
of lending areas. Stay ahead of the curve from a HMDA, CRA and Fair
Lending perspective by attending our Feb. 25 two-part workshop led by Steve Moore
of Bank Compliance Services, Avondale Estates.
Get a few more
details and sign up to join us today...
Marketing Committee Plans In-Person Peer Groups
Marketing Committee met this week to discuss ideas for bank
marketing training and development programs for the coming year.
Chaired by Renee White, First Landmark Bank, Marietta,
the committee is working toward a schedule that includes
twice-yearly peer group meetings and an annual conference. The dates
and locations are still to be determined, so stay tuned. Among the
variety of topics the committee identified as priorities for bank
marketers were better leveraging the uses of various social media
channels, the importance of understanding the rapid consumer
adoption of mobile devices for basic transactions and content
marketing techniques that give customers practical "how-to"
Attention Rural Lenders:
to Host Farm Bill Webinar
Georgia Peanut Commission will
broadcast a webinar on Feb. 24 at 10:30 a.m. to answer questions
the Farm Bill. Peanut farmers and lenders to those agribusinesses are encouraged to
attend at one of many locations to learn more
about the specifics contained in the farm bill concerning peanuts
for the 2014 growing season.
Find out how to participate in the
Peanut Commission's Farm Bill webinar here...
Calendar Alert: GBA's Rural
Lending and Development Conference is May 16-17 at the Savannah
Riverfront Marriott. Look for an agenda soon, but you can go ahead
and register now if you like.
America Saves Week Feb. 24-March 1
join us next week in promoting
America Saves Week. GBA and
member banks are uniquely positioned to help Georgians set savings
goals and establish family financial stability. The FDIC has a
great suite of resources available to you as you talk to
customers next week. There are also resources available about
GBA's Consumer Toolbox section of our website. And, as you
promote savings through your social media channels, we'll look to connect
to them through our
GBA Twitter feed and
Facebook page to boost the power of our common connections.
Borrowing Rises, Signaling More Confidence in Economy
housing, improving employment conditions, gains in the stock market
and continued low interest rates led consumers in the fourth quarter
of 2013 to increase household borrowing significantly. Household
debt, which includes mortgages, credit cards, auto loans and student
loans, jumped $241 billion between October and December to $11.52
trillion, according to
statistics from the Federal Reserve Bank of New York. It was the
biggest jump in borrowing over one quarter since the third quarter
of 2007. The consumer behavior behind the increase is a signal that
Americans are finally feeling confident enough in their finances and
the economic recovery to borrow again, said several press reports
about the statistics.
Honoring Georgia's Fallen Veterans on Tour
touching exhibit that was on display at the state Capitol office
complex recently that is now traveling the state we want to let you
know about. The Remembering our Fallen exhibit pays tribute to and
recognizes the sacrifices made by 196 Georgia sons and daughters in
service to the United States in Iraq and Afghanistan. The
current Georgia tour schedule is here. The Heritage
Bank, Hinesville, is co-sponsoring the exhibit's stop in its
hometown along with
another local business. Those interested
in more information about how to bring the exhibit to your community
can contact the exhibit's Georgia representative,
High Hit for 401(k) Balances
stock market's surging performance in 2013 boosted average
balances to a record high of $89,300, according to a report by
Fidelity Investments covered by
That's up 15.5 percent from the 2012 average. People on the verge of retirement, ages
55 to 64 years old, saw their nest eggs grow to an average balance
of $165,200 from $143,300 in 2012, Fidelity said. The Fidelity report points out that many may not be
saving enough for retirement and are putting their savings at risk by
cashing out 401(k) plans when they leave a job, rather than rolling
them over into a new 401(k) or an IRA.
Participants in GBA Retirement Services are in good hands. Find
out more about that program here...
Report Review & Update Video Webcast Coming Feb. 27
Recent and proposed changes to the
Call Report have
produced many questions. This webcast is your
chance to get them answered. The webcast provides an in-depth
review of the revisions, schedules and more complex issues you'll
need as you complete your call report going forward.
Participants will learn what has changed and how to report
accurately. Find out more about this great web session and
sign up today...
IRA Basics Seminar March 19
Take advantage of the opportunity to
learn everything from A to Z about IRAs during this popular annual
seminar. Included with the cost of the seminar, each attendee will
receive the 225-page IRA Training and Reference Manual, otherwise
known as the "IRA Survival Guide" or the "Red Book." Designed for
new account representatives, certificate of deposit personnel and
any officer/manager who oversees the IRA department, the seminar
will be led by Patrice Konarik of Sunwest Training Corp.
in Gilchrist, TX. This comprehensive workshop will provide you with
a complete understanding of the IRA as well as a review of
significant proposed changes. The one-day seminar will be March 19 at
Idle Hour Country Club in Macon starting at 9 a.m.
For information or to register, please click here. With
questions, contact GBA's
Danielle Driggers at 404.420.2002.
Compliance Peer Group Meeting March 25
Compliance Management, UDAAP and New Flood Rules
The next GBA
Compliance Peer Group Meeting is March 25 at Idle Hour Country Club
in Macon from 9:30 a.m. to 2 p.m. We have two speakers for this
event. Brad Washburn with Steve H. Powell and Company
will discuss new flood rules and Harriett Price, also with
Steve H. Powell and Company, will cover UDAAP and tips for
complying with updated guidelines. Thanks to GBA's
for planning the program. Sandra Chastain, Private Bank of
Buckhead, Atlanta is the committee chair.
Click here to learn more and to
Regulatory Panel Scheduled for Southeast Georgia Community Bank Symposium April 3
Don't miss the opportunity to ask
Regulators questions at the
Southeast Georgia Community Bank Symposium
slated for April 3 at Forest Heights Country Club in
Statesboro. Commissioner Kevin Hagler, Georgia Department
of Banking and Finance; Tom Dujenski, regional director, FDIC; and Michael Johnson,
senior vice president, Federal Reserve Bank of Atlanta, will be on
hand to provide an update and answer questions.
Get more details
about the upcoming Symposium and access a registration link here...
Members Lead Civic Organizations, Sponsor Youth Programs
and Support Community Activities
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
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Read about all the Georgia Bankers making news this week...
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.
HMDA, CRA & Fair Lending Workshop
Call Report Review &
Operations & Technology Conference
March 5 - 6
Loan Documentation Seminar
Compliance Peer Group
Bank Security Conference
April 10 - 11
Georgia Banking School
May 4 - 9
Southern Operations & Technology School
May 4 - 9
2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV
Full GBA-U Calendar
Career Paths for BankersTM
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.