Georgia Bankers Association - The Resource that Empowers

February 7, 2014



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.


Bank Assetpoint Is the Best Place to Search for and Post Assets for Sale

The Bank Assetpoint CommunitySM is designed to foster the formation of a mutually beneficial community of buyers, sellers and service providers. Their team aims to provide tools for all users to connect, to be informed, and to share information. Use Bank Assetpoint to find and connect with...


How You can Meet New Motor Vehicle Titling Requirements
The Georgia Department of Revenue (DOR) is enforcing its ELT mandatory requirements more stringently now that the Jan. 1, 2014, deadline for all lenders with five or more titles in the previous calendar year has passed. The DOR is also working on a new transaction to allow lienholders to be notified when a title has not been issued due to the owner not paying the second installment of the ad valorem tax. Decision Dynamics Inc., (DDI) works closely with more than 130 GBA member banks, helping set up and support Georgia customers using Premier eTitleLien™, a secure, web-based application. Learn more about DDI's ELT program...


Job Bank
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BANKSTAT Management Reporting and Analysis Reports

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Georgia Financial Directory

Thumbprint Signature Program

Interest Rate Averages by County

Pledging Pool



Legislative Brief

Priority Bills Pass House Unanimously

GBA's two priority bills for this year's General Assembly session have passed the House and now head to the Senate for further action. The "Fees are Not Interest" bill, H.B. 824, passed the full House unanimously Wednesday. Rep. Richard Smith (R-Columbus) ushered the bill through the House. The patent troll bill, H.B. 809, passed the House, also unanimously, Thursday. Rep. Bruce Williamson (R-Monroe) sponsored the bill and led the floor debate. The bill authorizes the Governor's Office of Consumer Affairs to enforce the bad faith assertions found in violation of the act. Individuals may also bring a private action against the troll. We also added several new bills to our tracking list this week. Read more about what was added and look for full details in our Legislative Update Friday afternoon...


GBA, Others Push for Fed Governor with Community Bank Background

GBA this week joined most other state bankers associations and the ABA in urging President Obama to nominate someone with strong community bank experience to the Federal Reserve Board of Governors to fill one of the current vacant positions. In a letter to the president, the associations pointed out that at times, attention to community bank issues has been overshadowed by the Fed's monetary policy duties. Find out more and access a link to the full letter...


HR Professionals Gather In Atlanta

Georgia's top bank Human Resources officers attended the annual GBA HR Professionals Institute this week in Atlanta. We've heard from GBA board members and many other member bankers throughout the past year that HR issues are top of mind right now for bank management, boards and employees, so the agenda was stocked with the latest updates on the most pressing HR topics. Attendees got a thorough briefing about Affordable Care Act issues, the latest about compensation and benefit practices, technology trends related to HR, succession planning tips and a full HR legal update. Many thanks to Wanda Nesbit, Citizens Trust Bank, Atlanta, for chairing the GBA HR Committee that planned the conference.


Action Alert

Sub S Banks Should Comment on Capital Solution

The Basel III capital rules require a capital conservation buffer that could cause a tax liability for Subchapter S bank shareholders. The conservation buffer rule prevents banks from making distributions to shareholders when capital falls below a certain level. Because federal tax liability passes through a Sub S bank to individual shareholders, this rule may cause Sub S shareholders to face a tax liability even when they did not receive a distribution. Sub S banks are encouraged to join GBA and ABA in urging regulators to allow Sub S banks to make distributions equal to the taxes due on the bank's undistributed income, which would eliminate the disadvantage. There's a sample letter available here to help you write regulators. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.


LIBOR References in Loan Docs May Need Updates

Commercial and consumer loan documents that refer the London Interbank Offered Rate (LIBOR) may need to be updated. As of
Feb. 1, the British Bankers Association (BBA) no longer administers LIBOR. The new administrator is the Intercontinental Exchange Benchmark Administration Ltd (ICE). So, for new, modified or renewed loans, any references to BBA LIBOR in your loan documentation should be updated. There is no reason to refer to the entity that administers LIBOR, says a bulletin about the change from GBA Associate Member Bryan Cave. A general reference to LIBOR should suffice. The bulletin says that there's probably no need to change existing loan documents, but check that with your compliance experts to be sure.


Nominate Your Customers for Small Business Awards

Here's a good way to show your appreciation for some of your customers and help promote small business lending. The U.S. Small Business Administration (SBA) Georgia District Office is seeking nominations for Georgia's 2014 Small Business/Champion of the Year awards in 10 categories ranging from entrepreneurs, family owned businesses, minority businesses and more. Banks, people and other organizations that support small businesses in any way can nominate a small business. The deadline for nominations is March 15. Here's a link to all the details. Submit all nominations to


President to Sign Farm Bill

The Farm Bill passed the Senate this week, and President Obama has said he intends to sign it. As we reported last week when the House approved the legislation, the bill includes the removal of term limits for USDA-guaranteed farm loans, something GBA and others have supported for years. The bill also trims some farm subsidy programs and institutes an enhanced crop insurance program. Georgia Sens. Chambliss and Isakson voted for the bill. Here's a link to an article with an overview of the bill and a video of Sen. Chambliss' speech on the Senate floor in support of the bill.


Evans Recognized for Cordele Redevelopment Efforts

It's always nice to see member bankers recognized for their contributions and commitment to their hometowns. This month's Georgia Trend magazine has an article that highlights Colony Bank's Bob Evans for his role in helping redevelop Cordele's downtown. Evans, city president for the bank in Cordele and recent GBA Board Member, is specifically recognized for being the force behind building a new downtown campus for Darton State College. More about Evans' work in the community and access to the full article here...


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 Compliance Committee for planning the program. Sandra Chastain, Private Bank of Buckhead, is the committee chair. Click here to learn more and to register or contact Alison Moreau, 404.420.2034.


GBA 2014 Operations and Technology Conference March 5-6

Smashing Tokens with Zeus / Leprechaun – Now You're Curious, Right?

GBA's Operations and Technology Conference will be March 5-6, at the Cobb Galleria Centre in Atlanta. Attendees will hear from Lawrence Baldwin, of, a cyber investigations and network analysis firm based in Atlanta. In his session, "Smashing Tokens with Zeus/Leprechaun," Baldwin will discuss how criminals use social engineering to bypass all forms of secondary authentication in the transaction process, the implications, and mitigation strategies. Click here to register and for hotel information.


Teach Children to Save Day Registration is Open
The ABA this week opened registration for Teach Children to Save Day (TCTSD) set for April 11. Since 1997, more than 130,000 bankers have leveraged the program and its resources to bring financial literacy lessons to more than 6 million students. If you are interested in learning more, ABA is hosting a free webinar on Feb. 11 at 3 p.m. to kick off the event. We encourage all GBA members to participate in the day, report your activities through our Financial Literacy Program and share with us photos of your participation so we can recognize the good work of your bank. Sign up for the free webinar and enroll in the Teach Children to Save Program today...


2014 Affordable Housing Program Application Deadline is Feb. 13

The application round for FHLBank Atlanta's 2014 Affordable Housing Program (AHP Competitive) is underway. Applications and all supporting documentation must be submitted to the bank through FHLBAccess® by Feb. 13. As a reminder, all project sponsors must partner with an FHLBank Atlanta member financial institution to submit an AHP application. Sponsors that are new to the AHP must complete a one-time registration. Click here to begin the registration process. New registrations must be submitted by Feb. 11.


Don't Miss GBA's Analyzing Financial Statements Seminar Feb. 20

Now is the time to register for GBA's Analyzing Financial Statements seminar. Led by Mike Allen with State Bank & Trust, Atlanta, this one-day seminar is designed for entry-level commercial lending officers, credit trainees and analysts. Topics to be covered include analyzing personal tax returns, analyzing commercial financial statements and much more. The Analyzing Financial Statements Seminar is Feb. 20 at Idle Hour Country Club in Macon. Click here to register online. With questions please contact GBA's Danielle Driggers at 404.420.2002.


Key GBA Event Reminders

IRA Basics

Feb. 12

Click here to register

Analyzing Financial Statements

Feb. 20

Click here to register

HMDA and CRA Workshop + Fair Lending

Feb. 25

Click here to register

Loan Documentation

March 13

Click here to register

Southeastern Community Bank Symposium

April 3

Click here to register

Bank Security Conference

April 10-11

Click here to register

Operations & Technology Conference

March 5 - 6

Click here to register

Georgia Banking School

May 4 - 9

Click here to register

Southern Operations & Technology School

May 4 - 9

Click here to register


2014 Annual Meeting

June 15 - 18

Click here to register


GBA Community Connections

GBA Members Help Students Envision a Bright Future, Provide Technical Assistance to Realtors and are Always Visible in their Community

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.

Community Connections is brought to you by Diebold Inc.

For more than 150 years, Diebold, Incorporated, has brought together a combination of innovation, expertise and quality service to become a global leader in providing integrated self-service solutions, security systems and services. Find out more about Diebold here.



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


State Bank of Cochran's
Ernie Tripp at a retirement reception in his honor with GBA's Joe Brannen.





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.




IRA Basics Seminar
Feb. 12

Analyzing Financial Statements Seminar

Feb. 20


HMDA, CRA & Fair Lending Workshop

Feb. 25


Operations & Technology Conference
March 5 - 6

Loan Documentation Seminar
March 13

Compliance Peer Group
March 25


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


AIB Courses

Compliance Calendar

Lending Calendar

Ops/Tech Calendar

HR Calendar

Asset/Liability Calendar

Management Calendar

Security Calendar

Full GBA-U Calendar

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