Compensation and Benefits Survey still
Appraisal Pros to Help
You Manage the Entire Appraisal Process
Valuation Management Group (VMG)
is our preferred
vendor of appraisal management services.
We encourage you and your bank to contact
Vicky Thompson, president and CEO, 770.373.5520, or
Patrick McMillen, chief risk officer and senior vice
president, 678.486.7495, to learn more.
Through our Strategic
Partnership with VMG you and your bank can expect the following
About the Benefits of Bank Owned Life Insurance (BOLI) Programs
Specialists, LLC (EBS)
to consider a
Contact EBS today to find out more about their BOLI programs...
Find a job, post a job
More GBA Products and Services
Like GBA on Facebook
Connect with GBA on LinkedIn
Follow GBA on Twitter
BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Interest Rate Averages by County
Assembly Off on a Fast Pace
2014 session of the Georgia General Assembly was gaveled into
session Monday of this week with most members having their running
shoes on for what is expected to be a fast-paced session. One of the
first bills considered was to synchronize the state and federal
election schedule, which moves Georgia’s primaries to late May from
mid-July. Most people are predicting they’ll finish the 2014 session
during the week of March 17. A lot will have to get scrunched into
the next 40 legislative days.
Read more about what was happening
at the Capitol this week and be sure to look for the GBA
Legislative Updates we'll be sending out by email every Friday...
Legislative Events a Hit with Members
A big crowd
of GBA members turned out this week for the GBA Legislative and
Economic Forum and Legislative Reception in Atlanta. Georgia Gov.
Nathan Deal was the headline speaker at the afternoon event. He
emphasized the importance of the banking industry in helping with
his focus on bringing jobs and economic prosperity to the state. "I
recognize that a strong banking industry is a sign Georgia is a
premier state and one to be reckoned with," the Governor said in
concluding his remarks. At the Legislative Reception, GBA's
Public Affairs Committee, chaired by GBA Chairman-Elect
Remer Brinson, First Bank of Georgia,
BankPAC Board chaired by Tom Wiley, State Bank and
Trust, Atlanta, and GBA
Board of Directors chaired by Stan Kryder,
Midtown Bank & Trust, Atlanta served as hosts. Over 300 GBA members spent time with their local state legislators and
officials discussing important banking and other issues.
Read more about what we learned at the Legislative Forum and the
fantastic crowd that came out for the Legislative Reception here...
Rule TruPS Fix Proposed
delivered this week
an interim final rule intended to exempt most bank
investments in collateralized debt obligations (CDOs) backed by
trust preferred securities (TruPS). The fix appears to provide a
broad exemption, and on early analysis it appears regulators were
responsive to the specific concerns raised by banks, GBA and others.
One of the key provisions of the exemptions is that the
bank that holds the fund must believe its
composition is "primarily in qualifying TruPS collateral," which is
defined as TruPS issued before May 19, 2010, by a bank holding
company with less than $15 billion in assets or by a mutual holding
See the full qualifications here.
Regulators also provided a
list of funds that meet the qualifications. This is not a
comprehensive list, however, and other funds may meet the
qualifications. Bankers with questions about whether their TruPS
CDOs qualify can email
Robert Klingler of GBA Associate Member Bryan Cave, LLP
posted a quick overview of the rule available on the
Bank Bryan Cave website.
sure to click here to read more if you have an investment in a TruPS
Municipal Adviser Registration Rule
Securities and Exchange Commission has delayed until July 1 the
compliance date for banks and other companies to register as a
municipal adviser under the Dodd-Frank Act.
The final rule issued in September sets a
narrower definition about the types of activities that trigger
registration requirements than the original rule. It also exempts
banks from having to register for providing advice solely on some
traditional banking products and services, such as deposit products,
extensions of credit and indenture trustees. And, people working for
a registered municipal advisory firm do not need to individually
register as a municipal adviser. However, some bankers may still be
required to register, and the delay gives
market participants additional time to analyze, implement, and
comply with the final rules,
the Commission said in its release about the
Breach Update: Beware of Email Scams
number of consumers affected by the Target data breach reaching up
million, GBA and others are concerned bank customers may be subject
to increased phishing email scam attempts. There's a danger criminals will try to mimic bank emails and use the Target breach as
the reason to ask for account numbers and personal information banks
would never ask for by email.
Here are some sample
phishing protection tips
your bank can use to help warn and protect your customers. With
David Oliver, 404.420.2036.
Georgia Banking Update Available
version of the
GBA Georgia Banking Update is now available.
We've included a full list of national and state regulatory and
legislative issues and updated statewide performance numbers through
third quarter. There's also a new summary and graphic look at our
position advocating against continued credit union and Farm Credit
System tax exemptions, as well as updated information about
homeowner assistance efforts in the Georgia market.
link to the latest report...
Congratulations to the following
companies that were approved for associate membership at the January
15 GBA Board of Directors meeting:
Harper McNeil, Inc.,
Denise McNeil, Vice President
Bruce Hinkle, Vice President
Atlanta, Armistead Whitney, CEO
Thompson, O'Brien, Kemp
& Nasuti, P.C., Norcross, Brett Thrasher,
Mark Tressler, Vice President
the 2014 Leadership Conference Underway
Leadership GBA Executive Committee
met this week to discuss leadership development
opportunities through the GBA and to plan the annual Leadership
Conference coming up July 20 - 23 in Ponte Vedra, FL. The Executive
Committee is once again committed to providing attendees with a
great program that promises to be educational and enjoyable.
out more about what the Leadership Executive Committee was talking
Professionals Institute to Tackle Hot Issue
How Changing Technology Will Affect Tomorrow’s Banks and Bankers
2014 HR Professionals Institute will feature a panel discussion
on how today’s changing technology will affect the way bankers and
banks operate in the future. With ever-changing regulations and
evolving technologies, what skills and knowledge must a banker
possess to keep ahead of these changes and be successful down the
road? A panel of bankers with expertise in HR and IT will take on
these timely topics and will take your questions. The HR
Professionals Institute will take place Thursday and Friday, Feb.
6-7 at the Cobb Galleria Centre in Atlanta.
Click here to see the brochure.
Click here to register online.
Questions? Contact GBA's
Southern Operations &
Technology School - May 4-9
Early-Bird Tuition Discount Available through January 31
operations are critical to the business of commercial and retail
banking. Specialists and generalists in the field of banking need
broad-based as well as in-depth knowledge. The GBA-sponsored
Southern Operations & Technology School is designed to provide an
excellent foundation and supply students with the most current
information related to the latest operations and technology skills
and competencies. First-year
students may register by Jan. 31 and receive early-bird tuition of
Learn more about Southern Operations & Technology
School and sign up today...
Economic Growth Cited in Fed's Sixth District
growth in the hospitality industry as well as strengthening
manufacturing and homebuilder activity are among the reasons for
optimism cited by business contacts in the Federal Reserve's Sixth
District in December. In banking, mortgage applications slowed and
bankers expressed concern about the possible effects of the new
mortgage rules that went into effect last week. Competition for
qualified borrowers increased, as did non-revolving credit primarily
from robust vehicle sales.
Read the full summary here...
GBA Treasurer Leo Rainey Dies
were saddened to hear the news that former GBA Treasurer Leo L. Rainey,
Jr. died on Jan. 8. Rainey was active with GBA throughout his banking career.
He was GBA's Treasurer when he was president and CEO of First
National Bank of Gwinnett County in Lawrenceville. We extend our
sympathies to his family and friends.
Bank Robber Indicted
grand jury has indicted Charles Johnson III, a/k/a “Chuckie,”
26, of Savannah on charges related to six bank robberies in the
Savannah area. The charges relate to robberies occurring from
late-2012 through mid-2013. “The crimes alleged in this indictment
are violent acts committed against the entire community. The harm
inflicted extends beyond the financial, to include the fear and
trauma experienced by bank employees, customers, and the pain levied
on their own families,” said United States Attorney Edward Tarver.
and Koide to Speak in Atlanta about Workplace Financial Literacy
conjunction with America Saves Week, the Georgia Consortium for
Personal Financial Literacy and the Financial Literacy and Education
Commission will host a public hearing about workplace
financial education in Atlanta Feb. 25 from 1-3:30 p.m. Appearing
will be CFPB Director Richard Cordray, Assistant Secretary
Phyllis Borzi from the Department of Labor, and Deputy
Assistant Secretary Melissa Koide from the U.S. Department of
Find out more about the Financial Literacy event...
Members Continue the Spirit of Giving in Their
Communities Into the New Year
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
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.
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