February 24, 2017     


Lockhart Says Time Has Come for Less Regulation

Before departing on Feb. 28, Federal Reserve Bank of Atlanta president Dennis Lockhart this week shared his belief that it’s time to ease banking regulations. Lockhart said in a recorded interview with Bloomberg that this is in part due to the length of time the U.S. economy has had to rebound from the Great Recession and also because economic conditions are now similar to what they were pre-recession. Lockhart also noted a needed differentiation in future regulations for banks that could have a major impact the U.S. economy, and smaller regional and community banks. Click here for more from Lockhart’s interview…

HR Professionals Institute Held This Week on Jekyll Island

An eager and excited crowd of HR specialists from member banks gathered this week for GBA’s HR Professionals Institute on Jekyll Island. Folks told us beforehand that they were excited to enjoy a new venue this year, and that enthusiasm pervaded the entire conference. Attendees heard from presenters about HR hot topics such as career pathing; employee training; navigating today’s HR-related technology; employer health and wellness trends; millennials; transforming your 401K into an effective retirement plan; how to give feedback; and encouraging new hires to become leaders in their financial institutions. Several sessions allowed for attendee participation, and we appreciate all who shared their experiences and wisdom on the millennial panel, the employee training panel, and the employer wellness trends panel. Attendees also experienced lively around-the-table conversation and networking. Thank you to all the members of GBA’s HR Committee for their help planning this year’s program. The Committee is chaired by Amanda Marunich, Pinnacle Bank, Elberton. Special thanks to our sponsors Altera Payment Solutions and Matthews, Young - Management Consulting. See some scenes from the conference below and check our Facebook page early next week for more.

General Assembly Considers Banking Legislation

It’s been another busy week in the General Assembly as legislators work hard to get their bills through the committee process and on to the floor for votes. On Monday, GBA testified in support the bill that addresses liability for directors and officers of banks and other corporations. The Senate Banking Committee heard testimony on a bill dealing with the advertising practices of finance companies. A Senate Judiciary Committee reported a bill we support correcting several areas from last year’s major garnishment rewrite. A House Judiciary Subcommittee considered a rewrite of the Power of Attorney statute that we want amended to address some concerns. And, a subcommittee of the House Ways and Means Committee reported a bill we support that sets up a procedure for titling boats and other watercraft. Your GBA Capitol Advocacy Team was busy working to cover all these and more and helped host the annual dinner honoring the hard-working House Ways and Means Committee. We’ll give you a full update when we publish this week’s Legislative Update after the General Assembly adjourns for the week.

How Will Banks Deposit Bases React to a Rising Rate Environment?

All else equal, banks with the greatest level of core deposits (deposits minus CD’s) are expected to fare better entering a rising rate cycle. This was according to a recent report out by GBA Associate Member FIG Partners. According to the report, going forward, pricing competition for deposits is expected to intensify as customers increasingly look for better returns on their funds. This is expected to result in some deposit runoff or migration from non maturity sources to time deposits. The report concludes that nobody knows for certain how their deposit base will react to higher rates; however, FIG Partners believes banks with greater levels of core deposits are better positioned entering a rising rate environment. See the complete report here…

Compliance Peer Group Meeting - March 8

Upcoming Meeting to Offer Real Life Examples and Expert CRA Guidance for Compliance Staff

Learn what it takes to have a successful CRA program while networking with your fellow compliance professionals at GBA’s next Compliance Peer Group Meeting March 8 at Idle Hour Country Club in Macon. Amanda Hunt, Citizens Bank & Trust, Trenton, and Donna Russell, Queensborough National Bank & Trust, Louisville, will share their stories while Lisa Anne Mifflin, OCC, Tampa, and David Sharp, FDIC, Atlanta, answer your questions about CRA. There will be time after lunch for peer exchange. Registration is $125 per person, and CRCM credits will be applied for. Click here to register online. With questions, please contact GBA’s Alison Moreau at 404.420.2034.

Latest ELC Alert Covers New Secretary of Labor Nominee, Diversity Self Assessments and More

Thank you to GBA Strategic Partner Employment Law Compliance and managing member Steve Greene for the frequent updates that have been helpful as we continue to see activity by the Trump Administration that certainly will impact employment compliance for the banking industry. A number of expected actions appear delayed, but there are several important things to highlight from the past two weeks. Click here for the complete Elert for ELC. Contact ELC at 866.801.6302 with questions and to learn more about the ways they help banks follow HR best practices, or click here to email Steve.

Is SBA Lending Right for Your Bank? Find out at the South Georgia Bank Symposium on March 23

SBA Lending is a helpful program. But is it right for your bank? Join Randy Griffin of GBA Associate Member CSRA Business Lending, Augusta, as he discusses the SBA-504 and SBA 7(a)program and gives tips to banks already making SBA loans or considering them. Griffin will address pitfalls of certain traditional SBA credits, and what successful SBA lenders do to set themselves apart. Our annual South Georgia Community Bank Symposium is scheduled March 23 at Valdosta State Universitycampus. You can register now by clicking here. The registration price is $159 per person. With questions, please contact GBA’s Katina Prokos at 404.420.2021 or Susie McGehee at 404.420.2010.

Operations and Technology Conference - March 24-26

Federal Reserve IT Expert to Share What to Expect in Your Next Exam

Attendees at next month’s Operations and Technology Conference will have the opportunity to hear seasoned senior technical expert Tony DaSilva from the Federal Reserve Bank of Atlanta discuss important, current regulatory topics such as InTrex, recent FFIEC updates and the Fed’s Cyber Assessment Tool (CAT). DaSilva will cover techniques you can use at your bank to identify areas that may need improvement. His practical advice will equip you with confidence as you prepare for your bank’s next exam. Click here to see the complete agenda and hotel/registration information. Contact GBA’s Kathy Friestad, 404.420.2024 with questions.

Compliance Seminars - March 28-30

Don’t miss back-to-back seminars on compliance basics with Steve Moore, Bank Compliance Services, March 28-30 at Middle Georgia State University in Macon. Whether you’re new to compliance or just need a refresher on essential regulations, one or both of these seminars will benefit you. See below for more information:

Nominate Your Best Customers!

SBA 2017 Georgia Small Business Week Champion Award Nominations through March 14

Are you looking for a perfect way to spotlight your best business customers for people all over the state? The U.S. Small Business Administration Georgia District Office announced this week that it is currently accepting nominations for its 2017 Georgia Small Business Week Champion Awards. Award categories include…

GBA Retirement Services Introduces Game-Changing Website for Participants

GBA Retirement Services has been pleased with its recent conversion to the services of BlueStar Retirement and investment manager, Unified Trust. One of the most notable improvements to the program is the integrated use of technology. Last week, Steven Kimmel of BlueStar presented a web demo of the new GBARS participant website for members. To view a recording of the demo, please click here. Participants are encouraged to watch this tutorial and explore GBARS plans here. If you are interested in learning more about GBA Retirement Services, the demo will demonstrate technology that will be a game-changer in the retirement services industry. With questions, please contact Mandy Richards, 404.420.2025 or Danielle Driggers, 404.420.2002.

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 for more details.

Don't Wait Until it's Too Late!

Hotel Room Blocks are Open for these Big Events!

2017 Annual Meeting
June 18-21
The Broadmoor
Leadership Conference
July 17-20
Ponte Vedra Inn & Club

GBA Job Bank

New Postitions in Information Security, Loan Operations, Human Resources 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.

Top Five Reasons Banks Choose Q2 for Virtual Banking Solutions

The Q2 virtual banking platform enables banks to extend their brand, grow their business, and engage their account holders through a virtual banking experience that connects banks to their account holders, who expect and appreciate a unified banking experience that enables engagement anytime, anywhere, via any device. For nearly a decade, Q2 has helped banks thrive and gain a competitive advantage through integration of its “The Power of One” philosophy: one platform, one interface to the core, one management view, and one unified user experience across all devices and all channels. Here are five reasons why banks all over the country are choosing Q2's virtual banking platform...

Flood Zone Certifications Available from Industry Leader

ServiceLink National Flood is one of the largest and most experienced flood certification vendors, with over 25 years of experience. As a GBA Strategic Partner, ServiceLink National Flood provides GBA members with outstanding service, and competitive pricing for flood zone certifications. Please give them an opportunity to win your business. Contact Ken Twichell, ServiceLink National Flood’s SVP of Business Development at 800.833.6347 x641.

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...
Pictured (Left to Right): Joshua Brackett, ACE CFO; GraceFricks, ACE President and CEO; Rob Keith, Regions VP Commercial Banking;Ryan Densmore, Regions White County Branch Manager

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.

We Need You to...

Click the Image to Learn More!