Georgia Bankers Association - The Resource that Empowers

January 31, 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.

 

Looking for a No-Cost, Value-Added Customer Appreciation Program? Affinion Has It

Affinion's Accidental Death & Dismemberment (AD&) plan is a "customer appreciation" program designed to strengthen ties with your customers and to generate incremental revenue. The program offers $1,000 of AD&D insurance at no cost to your customers. AD&D insurance covers your customers in the event of loss of life, live, sight, speech or hearing due to a covered accident. No one can be turned down for coverage. The program is marketed with a tried-and-true direct mail solicitation program, including, over time, the implementation of multiple acquisitions, cross-sell and up sell direct response events. Key benefits include...

 

Income and CRA Opportunity from GBA Partner Senior Housing Crime Prevention Foundation

Banks can earn investment income, gain CRA credit and strengthen protections for the elderly by investing in the Senior Housing Crime Prevention Foundation (SHCPF). The SHCPF is a national organization that helps banks earn CRA credit by providing the acclaimed Senior Crimestoppers Program to low- and moderate-income nursing home residents and elderly Veterans home residents through CRA-qualified loans and investments in the Foundation. Here is why this is important...

 


Job Bank
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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

 

 

Weather-related Events Delay Hearings on GBA Priority Bills

The unexpected snowfall hitting north metro-Atlanta resulted in suspension of committee and floor action Wednesday and Thursday this week. As a result, the hearing has been delayed on GBA’s two priority bills related to certain bank fees and patent trolls. We expect the hearing will be rescheduled next week. Be looking for GBA’s weekly Legislative Update that we’ll publish after the session adjourns Friday. Here's a preview of what you'll find in our Legislative Update...

 

Sticking Up for Banks and Bankers

The lead article in the Business section of the Atlanta Journal Constitution Sunday chronicled a number of headline cases in which bankers, directors or customers were accused of or convicted of wrongdoing. The article implied they represented the industry as a whole, and that's just not the case. Joe Brannen, GBA president and CEO, wrote a letter to the editor in defense of the industry, which was published Monday. Link to Brannen's letter and the original published article here...

 

Senate Passes GBA-Supported Flood Insurance Affordability Bill

Thursday the U.S. Senate passed the Homeowner Flood Insurance Affordability Act introduced in November by Georgia Senator Johnny Isakson and Robert Menendez (D-NJ). The bill aims to protect millions of homeowners from facing huge flood insurance premium rate hikes and requires FEMA to complete an affordability study and propose real solutions to address affordability issues before any flood insurance premiums can be raised in the future. The bill now moves to the House. We’ll keep you updated on its progress. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

 

Target Breach Cost Mounts,
15.3 Million Cards Reissued

So far, banks have spent $153 million replacing 15.3 million credit and debit cards because of the Target data breach, according to an article in the Minneapolis Star Tribune. The theft has affected as many as 110 million people and remains under investigation. "That's just the estimated $10 per card cost to replace the cards, and doesn't even begin to cover the cost to banks of any actual fraud," said Joe Brannen, GBA President and CEO. "Right now, banks bear the full burden of those costs, and there should be much more shared responsibility with the retailers in cases like this that are not in any way related to bank security." Here are some key points to make in discussing data security...

 

Farm Bill to Move Ahead with GBA Supported Provisions

The U.S. House and Senate conference committee has cleared a new Farm Bill proposal for a vote in their respective chambers. The House approved the bill Wednesday. 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 a crop insurance program. Estimates are that the bill will reduce federal spending by $16.6 billion over 10 years. Georgia Sen. Saxby Chambliss (R) was one of the Senate conferees and Rep. Austin Scott (R) was a House conferee. Both have stood strong for Georgia agriculture and agribusiness interests, which contribute almost 10 percent of Georgia's total economy. More about the progress of the Farm Bill in Congress...

 

Speak Up about CFPB to U.S. House Committee

The U.S. House Financial Services Committee wants to hear about banker, business and consumer experiences with the Consumer Financial Protection Bureau. "The CFPB is adding piles of new, burdensome regulations on job creators, making it harder for them to grow their businesses, create jobs and meet the needs of their customers," the committee said. Individuals or businesses complaining about the CFPB may select to keep their submissions private during the reporting process. Georgia Reps. David Scott (D-District13) and Lynn Westmoreland (R-District 3) are on the committee. Submit feedback on the CFPB...

 

HR Professionals Institute Feb. 6-7 – There is Still Time to Register!

GBA’s 2014 HR Professionals Institute is just one week away. This annual conference focusing on issues affecting human resources professionals in banking is Thursday and Friday,
Feb. 6-7, at the Cobb Galleria Centre in Atlanta.
Click here to register.  While GBA’s room block at the Renaissance Waverly is sold out, GBA has secured a block of rooms at the also-nearby Courtyard Atlanta Cumberland Center at the nightly rate of $115. To make a reservation, call 770.952.2555 or 800.321.2211. But hurry, the deadline to reserve a room at the discounted rate is
Jan. 31.

 

Georgia-Born Bernanke Closes out Term

Thursday marked the end of
Ben Bernanke's
term as Chairman of the Federal Reserve. Wednesday's Federal Open Markets Committee meeting was the last one he presided over, and the Fed announced plans to taper purchases of Treasury bonds and mortgage backed securities by $10 billion a month. Bernanke was born in Augusta, and is widely known as an expert on the Great Depression. More about Bernanke, the latest FOMC meeting and an analysis of Bernanke's tenure by the Federal Reserve Bank of Atlanta's Dennis Lockhart...

 

Postal Service Floats Banking Service Idea;
Call Made for Tighter Oversight

A whitepaper from the U.S Postal Service's Office of Inspector General said the agency could earn nearly $9 billion by offering payment cards and even small-dollar loans to the 68 million Americans not served by banks. The paper proposes a system by which customers would be able to borrow up to half of their gross pay in a given pay cycle. In related news The Senate Homeland Security and Government Committee is considering postal reform legislation (S. 1486). The American Bankers Association and other national trade groups are encouraging the committee to adopt an amendment to make sure there is strong regulatory oversight of the Postal Service. Learn more about the issues and ideas concerning the USPS...

 

Remember ACH Excused Delay Rules

There are specific rules in place for ACH transactions that may have been delayed by this week’s inclement weather. GBA Associate Member the Georgia Automated Clearing House Association (GACHA) provided a helpful bulletin this week about the rules. Here’s a link to the bulletin. If your ACH operations are adversely impacted by inclement weather, call GACHA at 678.387.9791 or email info@gacha.org for further information.

 

GBA Retirement Plans Announce Fourth Quarter 2013 Investment Results

Fourth quarter 2013 experienced solid gains in the stock market, but the overall year-to-date results were even better, with the Aggressive Appreciation model exceeding 30 percent. For GBA Retirement plan participants, the investment returns of Reliance Trust Company, performed well against major market indexes and other competitive funds and models. Please refer to the latest update for detailed returns on the LifeStylesSM models and other market indexes. Retirement Plan participants can learn more about their returns here...

 

Special Offer for Bank Director Board Training Forum

Bank Director Magazine is offering GBA members a special $200 discount off the $1,495 registration price for its Bank Board Training Forum that will be March 6-7 at the Hermitage Hotel in Nashville. TN. To get the registration discount code, contact David Oliver, or Susie McGehee.

 

America Saves Week is Less than a Month Away - Feb. 24 - March 1

America Saves Week is an annual opportunity for banks to promote good savings habits. Each year, hundreds of banks use the program, and there are a lot of good resources to help your customers save. Sign up to participate in this nation-wide movement today. Banks can benefit by...

 

Register Now for GBA's IRA Basics Seminar on Feb. 12

Learn about IRAs from the esteemed Patrice Konarik of Sunwest Training Corp. This seminar is specifically designed to teach new account representatives, certificate of deposit personnel and any officer/manager who oversees the IRA department, everything there is to know about IRAs. Included in the cost of the seminar, each attendee will receive the 225-page IRA Training and Reference Manual, otherwise known as the "IRA Survival Guide" or the "Red Book." This comprehensive workshop will provide you with a complete understanding of the IRA as well as a review of significant proposed changes. The one-day seminar will be Feb. 12 at Idle Hour Country Club in Macon starting at 9 a.m. For information or to register, please click here. With questions, contact GBA's Danielle Driggers at 404.420.2002.

 

GBA's Southeastern Community Bank Symposium is Coming Up April 3

Attention Southeastern Georgia community banks. The Georgia Bankers Association along with Georgia Southern University Center for Excellence in Financial Services will host its annual Southeastern Community Bank Symposium April 3 at Forest Heights Country Club in Statesboro. It will feature leading industry experts who will focus on the important issues facing the banking industry today. A detailed brochure will be available soon. Be sure to take advantage of the special pricing structure by registering several people from your bank for this event. The registration fee is $159 for the first attendee and $129 per person for each additional attendee. With questions, please contact GBA's Susie McGehee at 404.420.2010.

 


Key GBA Event Reminders
 

HR Professionals Institute
 

Feb. 6 - 7

Click here to register
 

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
 

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

Early-Bird Registration Ends Jan. 31
 

Southern Operations & Technology School
 

May 4 - 9

Click here to register

Early-Bird Registration Ends Jan. 31

 

2014 Annual Meeting

June 15 - 18

Click here to register
 


 

GBA Community Connections

GBA Members Celebrate their History, Run for Needy Citizens, Support Local Chambers of Commerce and More

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.
 

Newsmakers

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

 

Day

Caldwell

 

Sammons

Mead

 

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
 

 

HR Professionals Institute
Feb. 6 - 7
Atlanta

IRA Basics Seminar

Feb. 12
Macon

Analyzing Financial Statements Seminar

Feb. 20

Macon

HMDA, CRA & Fair Lending Workshop

Feb. 25

Macon

Operations & Technology Conference
March 5 - 6
Atlanta

Loan Documentation Seminar
March 13
Macon

Compliance Peer Group
March 25

Macon

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

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