Georgia Bankers Association - The Resource that Empowers

January 10, 2014


 

Vendor Management Made Easy
GBA is proud to endorse VendorPoint® by Fortrex Technologies, the market’s first automated, vendor risk management solution. This cost-effective online service enables banks of any size to identify, measure, monitor and manage third-party risk based on FFIEC guidelines and design criteria established by leading financial services institutions. VendorPoint® combines worry-free automation, ready accessibility, and ease-of-use to speed users through even the most rigorous regulatory environment. Here is more information about VendorPoint®...

 

How to Tune up Your Overdraft Program and Ensure Compliance
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 contact Waid Thompson, JMFA's regional sales director, at 888.345.8639.

 


Job Bank
Find a job, post a job

 


More GBA Products and Services

Like GBA on Facebook

Connect with GBA on LinkedIn

Follow GBA on Twitter


REOdeedwagon.com

BANKSTAT Management Reporting and Analysis Reports

Retirement, Pension and
401(k) Plans


Georgia Financial Directory

Thumbprint Signature Program

Interest Rate Averages by County


Pledging Pool

 

 

2014 Legislative Spotlight

Stay Plugged in to Legislative Session

The 2014 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 Legislative Reception

You still 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 Susie McGehee at 404.420.2010.

 

Updated: 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 contribution, and here is our final tally for the year. With questions, please call Elizabeth Chandler at 404.420.2027.

 

Volcker Rule TruPS Update

U.S. 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 House Democrats 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

Friday, Jan. 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 resources, available here.

 

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. Johnny Isakson and Sen. Robert Menendez (D-NJ). A vote was scheduled this week, but got pushed back as the Senate focused on debate over extending unemployment benefits. Read more about the flood insurance bill here...

 

Security Committee Talks Elder Abuse, Debit Card Fraud and other Trends

The GBA 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 GBA Bank Security Conference, which will be April 10-11 in Savannah at the Savannah Riverfront Marriott. Look for full details soon.

 

HR Professionals Institute

Healthcare Law Expert to Discuss Healthcare Reform, Room Discount Expires Soon

GBA’s 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 Click here 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.

 

How One Georgia Banker Has Gone to the Dogs

Former GBA 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 Banking Journal 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 Chairman

Janet 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.

 

Georgia SBLF Banks Boost Loans by $19 Million

Three 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 percent).

 

Top 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! Click here for our list...

 


Key GBA Event Reminders
 

Legislative/Economic Forum & Legislative Reception
 

Jan. 15

Click here to register

HR Professionals Institute
 

Feb. 6 - 7

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

Banks Battle Cancer, Fund Relief from the Elements and Advocate for the Industry

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.

 

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 BankAssetpoint.com

 

Newsmakers

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

 

Mengesha

Clark

 

 

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.

 

GBA|U
 

 

 

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 Reception
Jan. 15
Atlanta

HR Professionals Institute
Feb. 6 - 7
Atlanta

Operations & Technology Conference
March 5 - 6
Atlanta

Bank Security Conference
April 10 - 11
Savannah

Georgia Banking School
May 4 - 9
Athens

Southern Operations & Technology School
May 4 - 9
Athens

2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV

Webinars

AIB Courses for February

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