July 14, 2017         

Proctor

Speak Up to Senators about Regulatory Reform

There’s no shortage of issues in Washington, D.C., taking the time and attention of Georgia’s Senators. So, we want your help in making sure they don’t lose focus on the need for common-sense financial regulatory reform. Please write Sens. Isakson and Perdue today to ask them to act soon on meaningful regulatory relief. “The more our Senators hear from the Georgia banking community, the easier it is for them to bring financial regulatory reform to the top of their priority list in serving their constituents,” said GBA Chairman Palmer Proctor, president and CEO, Fidelity Bank, Atlanta. “Please take just a few minutes to let them know how you feel.” We make it easy for you with the tool linked here. There’s a standard letter drafted, and we encourage you to edit that to include specific details or stories about how particular rules and regulations get in the way of your hometown customers accessing credit or other products and services. With questions contact, Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Delay in HMDA Implementation Urged by GBA, Others

GBA joined state bankers associations in all 50 states and Puerto Rico in calling for the CFPB to delay the Jan. 1, 2018, implementation of new Home Mortgage Disclosure Act (HMDA) requirements. Such an extension would give banks and third-party providers more time to comply and ensure consumer data is shielded. There’s concern in the industry, and also by the U.S. Treasury Department’s recent report on financial regulation, that because of the complexity of the rules, bank and vendor software systems won’t be ready to collect and report the required new data by January. “The HMDA regulation will significantly restructure banks’ mortgage data reporting activities. The costs are high, and they require coordination, education, and resolution of multiple and interrelated factors to assure precision and consumer privacy,” the letter said. Read the full letter here...

CFPB Arbitration Rule Draws Fire

The CFPB this week finalized a rule prohibiting customers from waiving their ability to take part in class action lawsuits, and it limits the use of mandatory arbitration agreements for many financial products and services. Banks of all sizes find such clauses helpful to ensure prompt resolution of disputes and manage unpredictable costs of class action lawsuits. The rule requires institutions that continue to employ arbitration to submit to the bureau certain claim records, agreements and arbitrator communications related to ongoing arbitrated disputes. The bureau will publish these redacted records on its website. The limits imposed by the CFPB means arbitration is likely to disappear in financial contracts. House and Senate Republicans have moved to begin steps that could overturn the rule through the Congressional Review act, which gives Congress the ability to vote to reject new federal regulations within 60 legislative days of publication in the Federal register. In response to issuance of the final rule, House Financial Services Committee Chairman Jeb Hensarling (R-TX) said…
Lane

GBA 125 Facts and Figures

Meet GBA’s First Chairman, Mills B. Lane Sr.

The representatives of 59 Georgia Banks that met in 1892 to found the Georgia Bankers Association elected Mills B. Lane Sr. as the first chairman of the association. At the time, Lane was vice president at Citizens Bank of Savannah. The GBA commissioned book, To Wield a Mighty Influence, the Story of Banking in Georgia, says under Lane’s leadership the bank “outgrew its bank vault, became the second largest bank in deposits and merged in 1906 with its arch rival, the Southern Bank of the State of Georgia, to for the Citizens & Southern National Bank (C&S).” Lane grew up in the banking industry that emerged after the Civil War. His father was partner in a private banking firm in Valdosta. When Lane went to work for the company, he convinced his father to allow customers to open checking accounts, create exchange charges and delay the withdrawal of funds, the book said. And in 1888, at his suggestion, the company converted to the chartered Merchants Bank, the first bank of south Georgia.

Membership Meetings to Celebrate GBA’s 125th Anniversary

As part of our 125th anniversary celebration, GBA will host 10 Membership Meetings around Georgia in August and September. All members are cordially invited to join their peers and show support for the industry by attending their group's meeting. The lunchtime meetings from 11:30 a.m. to 2 p.m. will provide an excellent opportunity to enjoy fellowship with other area bankers and hear from the GBA elected leadership and staff. The 2017 Membership Meetings will recognize local GBA volunteers, feature a fun look back at GBA's first 125 years of service and have an informative discussion on some plans we've put in place to ensure our members' success for the next 125 years. Registration is $45 per person. Click here to register. Not sure which meeting to attend? Click here to see a group map. With questions, please contact GBA’s Katina Prokos, 404.420.2021.

2017 BankPAC Campaign Off to Strong Start

All bank CEOs recently received the 2017 BankPAC Campaign fundraising guide and contribution forms in the mail and several have already responded. 2016 was a record year for both the GBA StatePAC and the GBA FedPAC and the BankPAC Board of Directors is aiming to surpass that with the current campaign. Please respond with your bank making a contribution to the StatePAC and eligible employees and directors making personal contributions to the FedPAC. Eligibility and suggested contributions are included on the contribution forms. This important endeavor enables the GBA to be at the table with policy makers on the state and federal level representing your interests and concerns. With questions, please call Elizabeth Chandler at 404.420.2027. Those contributing to the GBA BankPAC so far this year include…

Credit Committee Meets to Begin Planning December Conference

The GBA Credit Committee met this week to discuss topics of concern to Georgia’s lenders and to begin planning the upcoming Credit Conference. The committee’s led by Chair Scott Swafford, United Bank, and Vice Chair Bill Thompson, Queensborough National Bank & Trust Company. The conversation was both practical and philosophical as issues were shared around the table. In regard to December's Credit Conference, the group agreed to offer content focusing on broader concerns that affect banks on a daily basis (economic development; elder financial exploitation; and how cybercrime affects your customers) as well as lending-related issues and how to maximize untapped loan growth opportunities. Mark your calendars now for the 2017 Credit Conference, Dec. 7-8 at the Atlanta Renaissance Waverly Hotel. Watch upcoming bulletins for a registration announcement and a more detailed program agenda. If you have questions, contact GBA’s Kathy Friestad, 404.420.2024.

Something Valuable for Deposit and Loan Compliance Professionals at Compliance Conference

The GBA 2017 Compliance Conference will split content over two-and-a-half days between Compliance Risk/Deposit management and Loan Compliance management. On the Compliance Risk/Deposit Management side, attendees will learn about “BSA: Expanding Expectations” from Melissa Sneed, deputy commissioner for Supervision at the Georgia Department of Banking & Finance. On the Loan Compliance Management side, Pam Perdue, EVP, chief regulatory officer at Continuity, will discuss “Building a Better Risk Assessment: Quantitative and Qualitative Techniques.” Online registration is quick and easy - click here to reserve your spot and to see a detailed agenda and hotel information. If you have questions, contact GBA’s Kathy Friestad, 404.420.2024.

Modest Economic Expansion in Fed’s Sixth District

Contacts reporting in to the Federal Reserve’s Sixth District from mid-May through June have a positive outlook for expansion in the next six months, citing modest expansion during the reporting period. “Labor market tightness continued. On balance, wage growth remained steady. Input costs were subdued. Consumer spending softened. Home sales increased and prices appreciated modestly. Nonresidential construction increased; however, multifamily construction showed signs of slowing. Manufacturing activity grew, albeit at a slower pace,” the Beige Book summary from the Fed said. Banking contacts said loan competition increased with small business loans and deposit levels generally up. Read more here...

GBA-U Seminars

Get Compliance, Lending, Audit and New Account Training at Fall Seminars

Our lineup of fall seminars is designed to offer something for career bankers at any level. See below for the schedule of upcoming GBA-U seminars:
  • On Aug. 24, Steve Moore, Bank Compliance Services, will address the challenges faced by small banks that offer Consumer Real Estate loans in today’s regulatory environment, specifically in the context of new TILA, RESPA, Flood Insurance and HMDA regulatory rules. Click here to register...
  • On Sept. 21, Patrice Konarik, Sunwest Training Corp., will separate fact from fiction for the more technical areas of IRAs at the IRA Advanced Update and Review Workshop, which will include legislative updates for 2017. Click here to register...
  • On Sept. 27, Mike Allen, State Bank & Trust Company, will help attendees prevent loan losses through the implementation of proper loan structuring and documentation techniques during GBA’s Loan Documentation seminar. Click here to register…
  • On Sept. 28, Mike Thomas and Matt Davis, Crowe Horwath, LLP, will present an Internal Audit seminar covering auditing the lending function and the mortgage banking functions, as well as recent trends in financial institution fraud.

Act now for early-bird pricing, which ends July 31!

Member Pricing for 2017 ABA Marketing Conference Available to All

Attention GBA member bank/Associate Member marketing officers and any banker with marketing responsibilities! As part of our ongoing effort to expand marketing education and networking opportunities, GBA is partnering with the ABA to offer member pricing to their Marketing Conference Sept. 24-26 at the Hyatt Regency New Orleans. You’ll hear from nationally recognized speakers while networking with peers from across the country. Click here for details. Highlights this year include the following sessions…

Upcoming GBA-U Webinars

A GBA Webinar is a great way to quickly get the training you need without travel or time out of the bank. Webinars are live and allow time for questions and answers. The $265 registration price gives you access to one web site "seat," one telephone site license and all handout materials. If you can't attend the webinar, you may buy the audio CD, handout materials and a password to see the session online. With questions, please contact GBA's Katina Prokos at 404.420.2021. Here is a sample of upcoming offerings. Check the GBA-U Calendar of Events at www.gabankers.com for more details.
Vann

GBA Retirement Services- Who are We?

You have a unique business and your bank’s employees have unique needs. The goal at GBA Retirement Services every day is to provide the tools and support that Georgia bankers need to achieve retirement success. Here’s what Jud Vann, CEO of Planters and Citizens Bank in Camilla, says about the GBA Retirement Services program…

Click here to learn more about GBARS...
Mullis

Free Webinar from GBA Strategic Partner Deluxe July 26

Panel Covering Rising Rates to feature GBA Asset Liability Committee Member Eli Mullis

GBA Strategic Partner Deluxe is hosting a complimentary webinar July 26 featuring a panel of experts that will address how challenges to the bank business model and how unprecedented uncertainties are disrupting the way banks run their business. Success in the current marketplace requires strategic risk assessments and dynamic planning to manage the competitive pressures and ensure smart, fast, and flexible responses. GBA Asset Liability Committee member Eli Mullis of WB&T Bankshares in Waycross will be a panelist. Additional info and registration details can be found here. Contact Deluxe’s Kelsey Jass, kelsey.jass@deluxe.com, with questions.

GBA Job Bank

New Positions in Branch Management, Loan Operations, Credit Underwriting and More

The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available sections on our website consistently are among the most visited pages. Best of all, the service costs nothing for member banks and bankers. To make the process of posting a job or resume easier and to answer any questions you may have, we've developed this Q & A document as a resource. It outlines how to submit open positions and resumes, our deadlines and timelines for posting, and other helpful details. If you have any questions, please contact GBA’s Bo Brannen at 404.420.2014.

GBA Community Connections

We want to share all the good work GBA member banks, bankers, Associate Members and Bank Counsel Section members do to support their communities. Read all about the Community Connections our banks and members have below. Share your Community Connections by sending a brief paragraph and any photos of activities you have to us and we'll publish them at our earliest opportunity. Send information to Bo Brannen and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment...
Pinnace Bank
Ameris Bank
Crews
Dollar
Williams
Moody
Pinnacle Bank president and CEO Jackson McConnell cuts the ribbon at the bank's west Athens grand opening

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.

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