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How to Tune up Your Overdraft Program and
Having a solid overdraft program is a
balancing act. How can you increase your bottom line while
staying compliant and delivering the services and service levels
your account holders demand? GBA's Strategic Partner John M.
Floyd and Associates can help.
Download and return a Performance Improvement
Analysis from GBA Strategic Partner John Floyd here.
John M. Floyd and Associates
(JMFA) is the
preferred vendor of the JMFA Overdraft Privilege® program.
For more information please
JMFA's regional sales director, at
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
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Stay Plugged in to
Georgia General Assembly session begins Monday, Jan. 13. As always,
we expect a variety of bills to be introduced that will affect the
banking industry in Georgia. Also, the
2014 session is the second of a two-year term, so there are a number
of carryover bills that could be considered. Those are all
summarized on the
State Legislative Issues section of the GBA website.
Throughout the session, GBA will be represented by our Senior Vice
President for Government Relations,
Elizabeth Chandler, 404.420.2027, and President and CEO,
Joe Brannen, 404.402.2026. Contact either of them with
questions about legislation, information about your legislator's
stance on a particular issue or to request any other information
related to the Georgia General Assembly. Follow the action at the
gold dome in our weekly Legislative Updates and at any time on the
State Legislative Issues section of the GBA website.
Last Call for Legislative/Economic Forum and
have time to register for GBA’s
Legislative/Economic Forum and Legislative Reception.
We’ve already got a big crowd registered, so don’t miss the
opportunity to hear from and network with your peers and our elected
leaders to talk about issues that are important to your bank, your
customers and your communities. Gov. Deal headlines a
top-notch agenda for the forum, and the reception is always well
attended by elected officials. Click here for registration details.
With questions, contact GBA's
2013 BankPAC Closes Out
There was one more 2013 contribution
made to the GBA StatePAC by HeritageBank of the South,
Albany. Len Dorminey is the CEO. Many thanks for this
here is our final tally for the year. With questions, please
Elizabeth Chandler at 404.420.2027.
Rule TruPS Update
Representatives Shelley Moore Capito
(R-W.Va.) and House Financial Services Committee Chairman Jeb
Hensarling (R-Texas) this week introduced a bill to clarify that
the Volcker Rule does not require banks to divest collateralized
debt obligations backed by TruPS issued before Dec. 10, 2013.
A similar Senate version is in development, we understand. On Jan.
7, Georgia U.S. Rep. David Scott was among 22
who wrote to banking agency leaders saying they believe the
agencies have the authority to exempt banks with less than $15
billion in assets from the TruPS prohibition. Regulators have
said that by Jan. 15 they will
officially address whether pooled
investment vehicles for Trust Preferred Securities (TruPS), such as
TruPS CDOs, will be subject to the Volcker Rule.
With questions, contact
Joe Brannen, 404.420.2026.
New Mortgage Rules Take Effect,
See Letter from CFPB's Cordray
10, is the effective date for a host of new mortgage rules for banks. CFPB Director Richard Cordray
asked GBA to
share this linked letter to community bankers
that summarizes the ability-to-repay and Qualified Mortgage
stipulations and outlines the small creditor exemptions that cover
many Georgia banks. The letter also points to more detailed
Flood Insurance Relief Bill Vote Likely Next Week
The U.S. Senate is expected to vote early
next week on the Homeowner Flood Insurance Affordability Act that
was introduced Oct. 29 by Georgia Sen.
and Sen. Robert Menendez (D-NJ). A vote was scheduled this week,
but got pushed back as the Senate focused on debate over extending
Read more about the flood insurance bill
Talks Elder Abuse, Debit Card Fraud and other Trends
Security Committee met this week to discuss the latest and most
important issues facing banks and their customers from a security
standpoint. An increased focus on identifying, reporting and
protecting clients from elder abuse was one of the main themes.
Debit card fraud and protecting against losses remain hot-button
issues for bank security professionals, as do a variety of check fraud scams. The committee used the trends they discussed as a springboard to begin planning the annual
Bank Security Conference, which will be April 10-11 in Savannah at the
Savannah Riverfront Marriott. Look for full details soon.
Healthcare Law Expert to Discuss
Room Discount Expires Soon
HR Professionals Institute
will be Thursday and Friday, Feb. 6-7, at the Cobb Galleria
Centre in Atlanta. Edie Lindsay, GBA Insurance Trust's General
Counsel and a healthcare law expert, will kick off the conference
with a legal update about healthcare reform. Lindsay will tell you
what you need to know and she will
also take your questions.
Register online here. and
to view the brochure and full agenda. GBA
has reserved a block of rooms at the nearby Renaissance Atlanta
Waverly Hotel for $149/night. Call 800.468.3571 or 770.953.4500 to
make a reservation. The cut-off date for the special rate is
Thursday, Jan. 16, and rooms may sell out before this date.
The Renaissance is located at 2450 Galleria Parkway, Atlanta, 30339.
One Georgia Banker Has Gone to the Dogs
Chairman Rick Whaley, CEO, The Citizens Bank of Americus, and
his wife, Ginny, are passionate about their Labrador Retrievers and
training them for field trials. Check out this month’s ABA
for a nice feature story about the Whaleys and their dogs, and
what’s involved in the field-trial training. Rick and Ginny have
five Labradors; Tillman, the eldest at nine,
Georgia, Colby, Reese, and Jagger, the youngest at five.
Yellen Confirmed as Fed
Yellen this week was confirmed by the U.S. Senate as chairman of
the Federal Reserve Board. She’s served as the Fed’s vice chairman
since 2010. The appointment is historic, as Yellen becomes the first
woman to chair the Federal Reserve since its founding in 1913.
Banks Boost Loans by $19 Million
Georgia institutions participating in the Treasury Department’s
Small Business Lending Fund have increased lending to small
businesses by $19 million over the baseline levels set when the
Treasury Investments were made. The results were included in a
Treasury Department report
about the program issued this week. Resurgens Bancorp,
Atlanta, increased small business loans by $8 million (44.4
percent), Peoples Bank of Talbotton increased small business
loans by $4.2 million (70.6 percent) and Lowndes Bancshares
Inc., Valdosta, increased small business loans by $6.8 million (16.5
Five Ways to Be a Better Banker in 2014
Want to be a better banker and a
stronger bank in 2014? GBA-U is here to help!
for our list...
Banks Battle Cancer,
Fund Relief from the Elements and Advocate for the
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
GBA Community Connections
is sponsored by
Promontory Interfinancial Network. Promontory's Bank
Assetpoint helps buyers and sellers of bank assets connect with
each other, as well as with specialty service providers whose
services can facilitate a sale. Learn more at
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.
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.
Legislative/Economic Forum & Legislative
HR Professionals Institute
Feb. 6 - 7
Operations & Technology Conference
March 5 - 6
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 for February
Full GBA-U Calendar