July 15, 2016         

Wendy’s Data Breach Effects on Georgia Banks

Wendy’s last week announced a significant data breach in which credit and debit card information was compromised. Wendy’s locations in more than 30 Georgia communities were affected. We’ve heard from many members that debit or credit cards issued by their banks are among those identified as compromised, and they’ve been in the process of notifying customers and re-issuing cards to protect customers and the banks from losses. Wednesday we sent a survey to member bank CEOs to gauge the impacts of this and other retailer data breaches in the past three years. Read early results, learn how we'll use the info and access customer resources...
Rep. Buddy Carter in this week's hearing about FDIC's de novo approval process

De novos Get Focus in House Committee Meeting

The drought of new bank formations since the Great Recession was one of the topics of the House Committee on Oversight and Government Reform Tuesday, as only seven de novo banks have been formed in the past five years. Georgia Rep. Buddy Carter (R-GA1, at right) questioned FDIC Chairman Martin Gruenberg on what the FDIC is doing to help new bank formation through its application process for de novos. He also expressed frustration with the regulatory environment for community banks, noting that a community bank helped him start his small business, and when he served on a community bank board before becoming a member of Congress, the only hires the bank was making was compliance officers. “Small business made America. We need your help…we need you to make it easier. We need to make sure these de novo banks, these community banks, survive. If they don’t survive, small businesses don’t survive,” he said. See video of Carter’s questions for Gruenberg here. See also our analysis of the how the Georgia de novo banks since 2002 fared...

Georgia Supreme Court Sends Arbitration Case Back to Lower Court

We note with disappointment this week a decision by the Georgia Supreme Court to reverse the Georgia Court of Appeals and the trial judge in a case involving the validity of contracts with customer arbitration agreements. The lower courts had ruled that one member of a class couldn’t opt all members out of a proposed class. The Supreme Court disagreed. This decision in Bickerstaff v. SunTrust Bank, No. S16G1295 revives a class action lawsuit challenging SunTrust Bank’s debit card overdraft fees and a lower court will consider class certification again.

President/CEO, Bank Counsel, Bank Accountant Conferences set for Oct. 2-4

Presidents, CEOs, bank attorneys and associate member accounting firms, mark your calendars for GBA’s annual President/CEO Conference, Bank Counsel Conference and Bank Accountant Conference. All three events will be held concurrently Oct. 2-4 at The Ritz-Carlton Lodge, Reynolds Plantation, Greensboro. Details about the conferences will follow soon. GBA has reserved a block of rooms at The Ritz at a reduced rate of $182 per night for single or double occupancy. Make hotel reservations by calling the hotel directly at 706.467.0600. Be sure to say you are with the GBA to receive this special rate. The cut-off date for reservations is Sept. 2. After this date, all reservations will be subject to prevailing rate and space availability. With questions, please contact GBA’s Susie McGehee at 404.420.2010.

New Tailored Regulation Bill Introduced

We were pleased this week to see Sen. Mike Rounds (R-SC) introduce the TAILOR Act, which is a companion bill to the House version from Rep. Scott Tipton (R-CO) that passed the House Financial Services Committee earlier this year. These bills would require regulators to consider bank risk profiles and business models when taking regulatory actions as well as reviewing those regulations issued in the past six years and those going forward. GBA has been active in a regulatory review task force along with the ABA and other state bankers associations that was involved with crafting this legislation and having it introduced. With questions, please contact Elizabeth Chandler at 404.420.2027.

Beige Book Notes Slight Economic Improvement

Improving home sales and prices as well as increased demand for properties in the commercial real estate sector were the highlights of the Federal Reserve’s economic overview for the Atlanta region this month. While recent activity was characterized as expanding “slightly,” businesses surveyed by the Fed said their outlook remains positive and higher growth is expected in the near term. Credit availability remained steady, deposits increased and credit quality improved, according to bank contacts. Banks also noted that small businesses were conservative with borrowing and also that compliance is increasing costs. Read the full Beige Book report here...

Go Nuts for Georgia Peanuts

Members can sign up now for 2016 Georgia Peanut Bank Week. This year’s promotion in partnership with the Georgia Peanut Commission will be Oct. 17-21. The deadline to sign up and order promotional materials is July 30. This year's theme is: "Peanuts. In Georgia, Money Grows on Vines . . . Peanut Vines." There’s already a promotional poster and peanut recipes available for download, and look for more materials soon. Please take part in this long-running and popular campaign to support the official state crop! Click here for more information and to sign up...

Retirement Planning:

If it’s Measurable, it’s Manageable!

Determining how much money you will need in retirement can be a daunting task, but don’t worry! If it’s measurable, it’s manageable, and GBA Retirement Services is here to assist you every step of the way! One surefire way to set yourself up for a manageable retirement is to create a specific game plan. Planning for retirement is not only about meeting goals, but with the proper tools you can exceed your goals. GBA Retirement Services provides its members with all of the necessary tools to properly measure their projected retirement needss -- calculators, savings tips, investment information and retirement projectors are all available to GBARS members through our participant website. It’s easy to feel overwhelmed, but don’t lose sight of the big picture and you’ll generate the results you want to achieve. If you’re interested in learning about these tools or reviewing how much you’ll need in retirement, contact Mandy Richards, 404.420.2025, or Danielle Driggers, 404.420.2002.

BankPAC Campaign

Your contributions are needed for the 2016 BankPAC Campaign and now is the time to join your fellow bankers in supporting this important industry effort. The GBA StatePAC and GBA FedPAC contribution forms as well as the payroll deduction form for the GBA FedPAC provide easy guidelines to get the campaign started in your bank. Check out how your GBA Group is faring so far. Click here to see the banks that contributed to the GBA StatePAC this week...

Learn from Deluxe/Bankers Dashboard How to Strengthen Your Strategic Plan

Deluxe regularly engages with banking strategy experts to help you avoid the common pitfalls in strategic planning -- so you can develop a strategic plan that creates value for your stakeholders. Join GBA Strategic Partner Deluxe for a free webinar at 2 p.m. July 21 for a moderated discussion with Jim McAlpin of the Bryan Cave law firm and former Georgia bank CFO Barry Adcock. McAlpin and Adcock will share ideas for how you can:
  • Boldly address critical topics during the planning process
  • Keep your plan from dying on the vine
  • Engage and empower employees at all levels
  • Satisfy the regulators and still be forward-looking

Mobile Banking

Put Your Bank in their Back Pocket

Mobile is emerging as the dominant channel for engagement. Join GBA Strategic Partner Q2 for a free webinar July 27 at noon to learn the latest trends in mobile banking. From managing accounts 24/7 and scheduling payments to depositing checks and app store ratings… learn more about the mobile app and all that it has to offer. As an added bonus, you’ll learn more about Q2’s free mobile marketing campaigns and materials! Presenters are Blanche Leon and Christina Grady. Register here...

Three Great Seminars to Attend

Compliance Conference, Sept. 14-16, Macon

Using Social Media and Advertising Effectively & Being Compliant - It Is Possible

There’s a long list of compliance rules and requirements for advertising, and the advent of social media channels has only complicated the job of creating ads that bring in new business and comply with all the rules. On Day 1 of GBA’s 2016 Compliance Conference, join Sharon A. Blanchette, CPA, CIA, CRCM, CAMS, MBA, Director of Risk Management at FIS Global RISC Solutions, for this session that will help compliance officers, marketing officers and third parties work in concert to ensure compliance AND effectiveness. Blanchette will cover areas such as UDAAP and fair lending; how to craft a compliant social media strategy; legal, operational and reputational risk. You’ll even get take-home tips for monitoring and testing your advertising and social media efforts. Newbie and veteran compliance professionals are invited to attend Sept. 14-16 at Middle Georgia State University in Macon. Registrants may register to attend the full conference (Days 1-3), just Day 1 for Deposit Compliance or just Days 2 and 3 for Loan Compliance. Click here to register, access the detailed brochure and view hotel information.


Call Center Training, Email Security, ATM Management and More

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.

Universal Banker & More

Instructor-led ABA online courses have weekly assignments as well as midterm and final exams. All you need is a computer, printer and Internet access. Please register two weeks in advance to secure a "seat." For more information, contact Alison Moreau, 404.420.2034. Click here for a list ABA instructor-led courses for August…

Don't Forget These GBA Events Coming Up Later in 2016!

  • Compliance Conference - Sept. 14-16, Macon
  • President/CEO Conference - Oct. 2-4, Greensboro
  • Bank Counsel Conference - Oct. 2-4, Greensboro
  • Bank Accountant Conference, Oct. 2-4, Greensboro

The GBA Job Bank Gets Results

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 Kenyetta Parks at 404.420.2035.

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. 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. Here's our latest installment...

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.