Status of Important Banking Cases for January
Loan-Growth Opportunity, Speed to Market Highlight Corserv's Credit
of the most consistent themes we've heard from GBA member banks in
the past year has been the search for new sources of loan growth and
revenue. The Corserv Account Issuer credit card program can help a
bank systematically build a predictable, profitable, easily managed
credit card portfolio.
Highlights of Corserv's program are...
Protect Your Human
Capital and Your Bank with Employment Law Resources
revisions and changes to labor laws that affect the banking industry
can be a challenge. Your bank can stay ahead of the curve with help
from GBA Strategic Partner
Law Compliance, Inc. (ELC). ELC has a successful
history of working with community banks of all sizes that may not
have a large HR staff or
in-house employment counsel. The
professionals at ELC average 25 years of experience in their field.
ELC's entire staff is committed to designing and maintaining the
best solutions and services to help your bank. For more information,
please contact ELC's
Trust and Investment
Management Services for Your Bank's Valued Customers
headquartered in Atlanta, is one of the largest independent trust
companies in the country with more than $109 billion in assets under
management and administration and a leading provider of personalized
financial services for individual, corporate, and institutional
clients. Reliance can add fee-based revenues through financial
advisory services to individual and business customers, directors
and bank employees.
Reliance Trust's services include...
Find a job, post a job
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Interest Rate Averages by County
Pending on TruPS CDO Prohibition
2014 is the date by which regulators say they will officially
address whether pooled investment vehicles for Trust Preferred
Securities (TruPS), such as TruPS CDOs, will be subject to the
Volcker Rule. Regulators
made the announcement of a pending decision Dec. 27 and
reiterated it in
a follow-up statement Dec. 30. A key component of the most
recent announcements is that the regulatory accounting staffs
"believe that any actions in January 2014 that occur before the
issuance of December 31, 2013, financial reports...should be
considered when preparing those financial reports." In related news,
the Washington, D.C., Circuit Court of Appeals delayed action until
Jan. 17 on a
lawsuit challenging the TruPS CDO prohibition
filed on Christmas Eve by the ABA and three community banks.
More about TruPS and the Volcker Rule here...
Continues for Legislative / Economic Forum and Legislative Reception
advocacy opportunities for 2014 kick in to high gear Jan. 15 at the
annual GBA Legislative / Economic Forum and Legislative Reception in
Atlanta. Governor Nathan Deal will be among those speaking at
the Forum, and we've already received RSVPs from a big crowd of
legislators and GBA members for the reception. Our venues for the
events, the Georgian Terrace and Fox Theatre, will
make for a unique afternoon and evening experience for members this
year. Make your reservations today.
Get full details and access online registration here...
2013 BankPAC Closes
Out, FedPAC Goal Topped
Georgia BankPAC Board of Directors
wishes to thank all of the bankers, Associate Members and Bank
Counsel Section members who generously contributed to the
2013 BankPAC Campaign.
The FedPAC exceeded itsí goal with the help of 461 individual
bankers contributing while just over 60 banks made a contribution to
the StatePAC. These important funds will assist GBA in being
involved in the political process in Washington, D.C., and at the
state Capitol as we enter an important election year at all levels. Recent
year-end contributions to the FedPAC were received from
HeritageBank of the South, Albany, Len Dorminey, CEO. A StatePAC contribution was received from Metro Bank in
Douglasville, Ken Barber, President & CEO. With questions,
Top 10 GBA Member
Resolutions for 2014
GBA staff is excited about the new year and is committed as ever to
exceeding your expectations for your Association.
Here are 10
great ways you and your bank can ensure you're getting the most
value from the advocacy, community, education and services resources
your GBA membership provides...
Past Chairman Cliff Campbell Dies
We were saddened to learn that former GBA Chairman,
Campbell, died on Dec. 26 following a brief illness. Campbell
was GBA chairman in 1980-1981 and at the time was president of C&S
Bank in Thomasville. He had a long and distinguished career serving
both the banking industry and local and national organizations. His
gives more details about his well-lived, extraordinary life. "Cliff
had just been installed GBA chairman when I was privileged to join GBA in July,
1980. Like he did for so many other youngsters under his tutelage,
Cliff was constantly available. His wise counsel and tireless
enthusiasm got me off on the right foot, and I will forever be
grateful to him. I had the opportunity to attend his funeral service
Sunday in Thomasville and visited with his wife, Frances, afterwards.
She wanted to let everyone know how much the banking industry and
especially the friends they met through the Georgia Bankers Association meant to Cliff and her
over the years," said GBA president and CEO
New Escrow and HMDA
Exemption Thresholds Announced
new asset size exemption thresholds for banks related to escrows for
higher-priced mortgages and Home Mortgage Disclosure Act (HMDA)
provisions. Banks with less than $2.028 billion in assets are below
the exemption threshold for having to establish escrow accounts for
higher-priced mortgages under Reg Z.
Banks with less than $43 million in assets are below the exemption
threshold for having to meet HMDA (Reg C) provisions.
Population Approaches 10 Million
population grew to 9,992,167 in 2013, according to the
latest U.S. Census Bureau estimates.
The state added just more than 76,500 people from July 1, 2012, to
July 1, 2013. Since 2010, Georgia's population has grown by 3.1
percent, outpacing national growth of 2.4 percent. Georgia remains a
high-growth state with an attractive business climate compared to
many other areas of the country. The
largest population increases over the year were in Texas, California
and Florida. California remains the most populous state, with more
than 38.3 million people.
Fee Hike to be Reversed
director of the
Federal Housing Finance Agency, Mel Watt, said he will
reverse the agency's decision to raise the mortgage guarantee fees
Fannie Mae and Freddie Mac charge. The agency
hikes Dec. 9.
Watt takes office Jan. 6, and he said he wants to "evaluate fully the
rationale for the plan and the plan's likely impact on the GSE's
risk exposure, the cost and availability of credit and how the plan
would interface with the qualified mortgage standards."
Payments Continue Climb
debit card payments comprise about two-thirds of all noncash
payments according to the
Federal Reserve's latest electronic payments study.
The total number of noncash payments,
excluding wire transfers, was 122.8 billion, a growth rate of 4.4
percent annually from 2009 to 2012. Prepaid card use enjoyed the
biggest annual growth over the survey period, rising 33.5 percent
annually to 3.1 billion transactions, or 7 percent of the total.
More electronic payment news here...
A Limited Supply of Holiday Closing
Decals are Available - Claim Yours Today
Holiday Closing Decals
shows that you respect your customers' time and business. Plus, your
bank is required to post notices about holiday closings at every
branch location. This year with our buying power, we have lowered prices again on our
decals, and the more you order, the more you save. The new price is
$35 per set for orders of 1-5 sets, $32 per set for orders of
6-10 sets and $30 per set for orders over 10 sets. These decals are
an affordable and attractive option for meeting the notification
requirement, and they present a polished, professional look for each
branch. GBA has an extremely limited number of sets still
available, so It is important to place your order as soon as
possible, To place your order, please contact
Kenyetta Parks at 404.420.2035.
IRA Basics Seminar
Take advantage of learning
everything A to Z about IRAs by attending GBA's
seminar. Included with 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. Designed for
new account representatives, certificate of deposit personnel and
any officer/manager who oversees the IRA department, the seminar
will be led by Patrice Konarik with Sunwest Training Corp.
in Gilchrist, TX. This comprehensive workshop will provide you with
a complete understanding of the IRA as well as a review of
significant proposed changes. This one-day seminar will be Feb. 12
at Idle Hour Country Club in Macon.
Click here to register online. With
questions, please contact
Danielle Driggers at 404.420.2002.
The 2014 Operations / Technology Conference Agenda is Set, Join us
Operations/Technology Conference will be March 5-6 at the Cobb
Galleria Centre in Atlanta. The program will provide bankers
involved in the operations or technology areas of the bank sessions
about the branch bank of the future / the future of self-services;
electronic fraud / account takeover; an insider's perspective from a
panel of IT and finance college students on what the consumer of the
future and banker of the future might look like; a discussion on
technology regulatory trends; peer exchange; and a panel of bankers
from small, medium and large banks discussing mobile banking and the
future of mobile security. Attendees will also hear from conference
exhibitors. Check the GBA website for a program agenda coming soon.
With questions, please contact
Kathy Friestad at 404.420.2024.
Click here to register online.
Members Finish the Year with Strong Community Efforts
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
Community Connections is
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.
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
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.