July 29, 2016         

New Event! De Novo Bank Conference Set for Sept. 14

No new banks have been formed in Georgia since January 2010. The conventional wisdom is that regulatory approval for a de novo bank is difficult, there's been a shortage of available capital and reasonable returns on investment are impossible because of the persistent low-rate environment and hefty compliance and technology costs. With no new banks being chartered and as a result of the downturn and ongoing industry consolidation, there are now 47 Georgia counties and many pockets in metro areas without a locally-headquartered bank. However, there have been recent signs that regulators are inviting qualified de novo bank applications, such as the FDIC’s reduction of the de novo period from seven years to three years. To examine today’s de novo bank environment and prospects for the future, GBA will host a De Novo Conference in partnership with Troutman Sanders, LLP and Porter Keadle Moore, LLP on Sept. 14 at the Cherokee Town and Country Club in Atlanta. See the complete agenda and register here…

Member Profile

Waiting Tables Shaped Inabinet’s Perspective on Leadership

Athens Fist Bank & Trust’s Bill Inabinet waited tables in college, and he says there’s an interesting dynamic at work in that job that taught him an important leadership lesson. “Not only was I the guest's liaison with the kitchen, but also the kitchen's liaison with the guest. This meant that I had to keep everybody happy or at least find ways not to make them mad. In banking, we fight similar battles and many times, I've learned, how you say something is more important than what you say,” he said. Inabinet was installed July 18 as the Leadership GBA President for 2016-2017. Read more about Inabinet’s 10-year banking career, his perspectives on bringing new talent to banking and more in this week’s GBA member profile on our website...

What We Learned from Banks about Merchant Data Breaches

In the wake of the Wendy’s data breach announced a couple weeks ago we polled GBA member banks about the effects of the breach and many others in recent years on their banks. The results will help us in our advocacy efforts to get legislation passed making retailers fully liable for fraud caused by breaches of their systems and to require consistent data standards for merchants as those banks follow. Of those responding to our survey, 89 percent were affected by the Wendy’s breach, with a high number of cards affected at 23,000. One member estimates fraud on affected cards to be $106,000. Get more details about the intel that provided by our members here...

GBA in the News

Pushback on CFPB in Savannah Morning News

The CFPB marked its fifth anniversary last week and it spurred a variety of media reports. There seemed to be a concerted effort by its advocates, including a letter to the editor in the Savannah Morning News, to tout what they see as the bureau’s successes and to attack those seeking sensible reforms to provide checks and balances to the bureau’s rulemaking authority and reach. We felt it was important to offer a counterpoint about how the agency’s rules, in many ways, are curbing access to credit and the consumers the agency is charged with protecting. In our letter published by the paper Tuesday, GBA President and CEO Joe Brannen wrote…

Perspectives on Priorities from GBA Board and Leaders

We conducted a quick poll of GBA board members and Leadership Conference participants about the economy, strategic priorities and leadership needs to discuss during last week’s conference. The results were pretty interesting, so we want to share some of them with everyone...

Branches Holding their Own

One of the topics at last week’s Leadership GBA conference CEO panel was how to deploy technology and structure branches going forward to best serve customers. Morris Bank’s Spence Mullis colorfully noted that for his bank, which makes plenty of use of new technologies, the branch remains a key service channel – especially on traditional paydays the second and last weeks of the month. On a related note, a survey out this week caught our eye about consumer preferences. There’s a lot to be said for in-person banking, even in a digital age. Some of the telling statistics from the Timetrade Systems report were...

Email Scams Get FBI Attention, Prompt Warning

Banks and their customers need to stay on guard against the ongoing threat of business email compromise (BEC) scams, says the FBI in a warning issued last week. Zach Duke of Safe Systems also highlighted the threat during his presentation at our Leadership Conference last week. The primary BEC threat to domestic banks and businesses is when a fraudster uses social engineering methods to spoof emails to initiate fraudulent transactions. Read what the three most common schemes involve and request a copy of the FBI warning with details and protection tips…

2016 BankPAC Campaign

StatePAC hits 50 Percent mark, FedPAC Climbing

Strong support continues for the 2016 BankPAC Campaign and we've reached 50 percent of our goal for the StatePAC. 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. The following banks contributed to the GBA BankPAC this week...

Georgia Bank Pride Points

We mentioned last week about the digital #AmericasBanks advocacy campaign being run by ABA during the national political conventions, and we wanted to share some similar messaging specifically for Georgia you can use. Try these for your social media feeds:
  • Choice, safety, security: 230+ banks in GA so there’s a bank for all. No one has ever lost a penny of insured deposits #GeorgiasBanks
  • Jobs & taxes: Banks in GA employ more than 60,000 and paid $1.7 B in federal, state and local taxes in 2015. #GeorgiasBanks
  • Engine for growth: #GeorgiasBanks provide $213.9 B in loans to farms, businesses and people, driving our diverse economy
  • Community: Georgia’s bankers volunteer countless hours and are civic leaders in every community #GeorgiasBanks
We’ll be sharing these on our Twitter, Facebook and Linkedin social channels in the coming days. Please chime it with your own examples.

Compliance Conference, Sept. 14-16, Macon

10 Community Reinvestment Act (CRA) Best Practices

Attendees can always count on two things when attending a GBA conference or event: Getting timely and vital information and getting it from the experts who know it best. On Day 2 of GBA’s Compliance Conference (Thursday, Sept. 15), Andy Barksdale, TruPoint Partners, and Matthew K. Duke and Elaine Hunter, FDIC, will discuss 10 best practices related to the Community Reinvestment Act (CRA). Find out more about this session and all the others by clicking here...

Three Great Seminars to Attend


BSA for Lenders, Military Lending Act 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 and other ABA Courses

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 and Sept...

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...
Commercial Bank team members at their bank's 100th anniversary celebration including second from right, GBA Board member Ty Turner, President & CEO.

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.