Georgia Bankers Association - The Resource that Empowers

January 17, 2014


Compensation and Benefits Survey still Available


Appraisal Pros to Help You Manage the Entire Appraisal Process

GBA's Strategic Partner 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 benefits...


Learn About the Benefits of Bank Owned Life Insurance (BOLI) Programs from EBS

Executive Benefit Specialists, LLC (EBS) specializes in the placement and service of Bank Owned Life Insurance (BOLI) programs. These programs utilize BOLI to finance existing employee benefits, as well as to informally fund new or existing nonqualified executive benefit plans. EBS offers implementation and plan design services as well as administrative services. If you have BOLI now and need or want to consider a new service provider, EBS can assist you with compliance and reports essential for your bank, board and regulators. Contact EBS today to find out more about their BOLI programs...


Job Bank
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More GBA Products and Services

Like GBA on Facebook

Connect with GBA on LinkedIn

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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



General Assembly Off on a Fast Pace

The 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...


Volcker Rule TruPS Fix Proposed

Regulators 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 company. See the full qualifications here. Regulators also provided a specific 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. Be sure to click here to read more if you have an investment in a TruPS pool...


Municipal Adviser Registration Rule
Compliance Delayed

The 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 delay.


Target Breach Update: Beware of Email Scams

With the number of consumers affected by the Target data breach reaching up to 110 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 questions, contact David Oliver, 404.420.2036.


New Georgia Banking Update Available

The latest 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. Here's a link to the latest report...


Welcome New Associate Members

Congratulations to the following companies that were approved for associate membership at the January 15 GBA Board of Directors meeting:

Planning for the 2014 Leadership Conference Underway

The 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.
Find out more about what the Leadership Executive Committee was talking about...


HR Professionals Institute to Tackle Hot Issue
How Changing Technology Will Affect Tomorrow’s Banks and Bankers

GBA’s 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 Kathy Friestad, 404.420.2024.


Southern Operations & Technology School - May 4-9

Early-Bird Tuition Discount Available through January 31

Bank 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 $1,625. Learn more about Southern Operations & Technology School and sign up today...


Moderate Economic Growth Cited in Fed's Sixth District

Continued 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...


Former GBA Treasurer Leo Rainey Dies

We 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.


Savannah-area Bank Robber Indicted

A federal 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. More details...


Cordray, Borzi and Koide to Speak in Atlanta about Workplace Financial Literacy

In 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 the Treasury. Find out more about the Financial Literacy event...



Key GBA Event Reminders

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

GBA 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 David Oliver.



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


Smith Seagraves


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

Compliance Calendar

Lending Calendar

Ops/Tech Calendar

HR Calendar

Asset/Liability Calendar

Management Calendar

Security Calendar

Full GBA-U Calendar

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