Bank Counsel Section Members!
Status of Important Banking Cases for
American Bankers Mutual Insurance Gives Peace of Mind
The ABA Insurance Program
(ABAIS) has provided GBA members peace of mind for years through
its directors & officers liability, financial institution bond,
Internet banking liability, employment practices liability and other
related insurance products. ABA Insurance Services works closely
with agents and brokers whether they have a sizable financial
institution book of business or simply write policies for their
local community bank.
Read more about the ABA
Insurance program here...
Easy and Effective Way to Provide Customer Appreciation
Because it costs five times more to acquire a new customer than
to retain one, focusing on customer retention is more than just
a good idea - it's an imperative. As part of your customer
retention efforts, don't overlook the amazing power of
Telling customers you appreciate their patronage boosts loyalty.
But, combine a "thank you" with $1,000 in Accidental Death and
Dismemberment insurance coverage, and you could see your annual
attrition drop significantly among participating customers.
Affinion's Customer Appreciation program has been increasing
customer retention among its clients for two decades. Endorsed
by the American Bankers Association and the Georgia
Bankers Association, the Affinion program provides a no-cost,
no-risk opportunity to express your appreciation and earn
ongoing fee income.
Armstrong for more information, 615-794-2356.
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Georgia Financial Directory
Thumbprint Signature Program
Independence Day from the GBA!
The staff here at GBA joins you and your
families in celebrating the unique and special freedoms we enjoy as
Americans this July 4. Our hearts are especially thankful for our
troops serving to protect those freedoms. We wish you, your families and customers a
meaningful, fun and safe Independence Day. Trivia question: Who are
the three Georgians who signed the Declaration of Independence? See
the answer below in our Newsmakers section. Hint: Each has a Georgia
county named for him. That narrows it down for you to 159 names.
Bills Affecting Banking Went
July 1 is the effective date of most
bills passed each year by the General Assembly including one of
GBA's priority bills,
H.B. 809 that adds bad-faith
assertion of patent infringement to the list of violations of the
Georgia Fair Business Practices Act. GBA's other priority bill,
ensures parity between state-chartered
and nationally-chartered banks and confirms that common bank fees,
like overdraft fees, will not be considered interest. That bill
became effective April 15, the day Gov. Deal signed it. A whole host
of other bills GBA monitored and was involved with on behalf of our
members also went into effect July 1.
Find out more about those
important pieces of legislation here...
Headlines Upcoming Leadership Conference
Even during a tough economy, some banks have managed
to continue to post relatively strong results. Join Rick Drews,
CEO of Century Bank of Georgia, Cartersville; Jackson McConnell,
& CEO of Pinnacle Bank,
Elberton; and Philip Williams,
& CEO The Claxton Bank, as they share their methods and philosophies
for profitably growing their institutions
Leadership GBA's 2014
is July 20-23 at the Ponte Vedra Inn & Club, Ponte Vedra, FL. We
have a great crowd coming but
there's still time to register. Walker
Jordan, Bank of Monticello, has done a great job serving as this
year's president of Leadership GBA. He and the Board have ensured a
well-rounded and fun-filled event has been planned.
With questions about the conference or Leadership GBA in general,
please contact GBA's
Susie McGehee at 404.420.2010.
for Leadership, Upholding Bank's Community Ties
Day, president and CEO of Citizens Trust
Bank is the subject of a nice feature story in last week's
Atlanta Business Chronicle. Day was recently named CEO of the
Year by the
Atlanta Business League. The article explains how Day became the CEO
of the historic Atlanta bank and how her leadership style reflects
the values so many in the banking industry share.
"We're helping people recognize their dreams of financial
independence and improve their quality of life. The marketplace in
which we operate may have become more diverse, but those values
haven't changed. Those principles still work," she said in the
article. A friend of Day's describes her as a "nurturing leader of
integrity," and someone with "a wonderful, positive energy that
lifts everyone up and helps them be better."
Read the full story here...
Counties on Distressed, Underserved Markets List for CRA
Regulators this week released the 2014
list of distressed or underserved nonmetropolitan middle-income
geographies, where revitalization or stabilization activities will
receive Community Reinvestment Act (CRA) consideration as "community
development." There are 75 Georgia counties included in the
designations this year.
Here's a link to a PDF file of just the
Georgia counties and designations.
The current and previous years' lists can be found on the
along with information about the data sources used to generate those
lists. Read about the GBA-endorsed CRA solution from the Senior
Housing Crime Prevention Foundation below.
Help Stop Elder
Abuse with These Resources
The CFPB this week published a helpful
guide to protecting older residents of long-term care facilities
from financial abuse. The
news release about the guide mentioned stories such as a
son stealing $315,000 from his elderly mother's retirement accounts
and frequenting casinos. When he didn't pay his mother's rent, she
was evicted from her assisted-living facility. GBA also has a
resource members can use to protect those in senior housing
facilities. Investments banks make in the Senior Housing Crime
Prevention Foundation (SHCPF) go toward setting up and running
Senior Crimestoppers programs in nursing homes and assisted living
facilities. And, banks can earn CRA credit for their investments.
The SHCPF is a GBA Strategic Partner. For more information, visit
www.SHCPFoundation.org or contact
Sue Shaffer at 901.529.4787.
Maintaining an Effective Compliance Risk Management Program - Sept.
At GBA's 2014
Compliance Conference, speaker Jim Bedsole, Compliance
Officer at BankSouth, Greensboro, will walk participants
through the elements of an effective compliance program and provide tools,
tips, and takeaways that will enhance the CRMP in your institution.
Bedsole is recognized as a national leader in this field. He
recently delivered a similar presentation at the ABA Regulatory Bank
Compliance Conference. The GBA Compliance Conference, hosted
annually by the GBA
Compliance Committee, is Sept.
24-26 at the Idle Hour Country Club in Macon.
Click here to register online...
Banks will be Celebrating Georgia Peanut Bank Week, Oct. 18-25
Banks across Georgia
will celebrate Georgia Peanut Bank Week, Oct. 18-25, 2014. During
the week, banks in communities across the state saluted peanut
farmers' contributions to the state and local economy. The Georgia Peanut Commission, in cooperation with the
Georgia Bankers Association, promotes Georgia's official state crop by
Peanut Bank Week
annually. The deadline for orders is July 30, 2014, for
all Georgia banks planning to participate. This year's theme is:
"Peanuts. Power You Can Bank On."
Bank Week order forms and other
Act: Basic Compliance for Bank Employees - Aug. 21
is always a hot topic with bank examiners, who expect that all bank
employees, particularly frontline personnel, are well-trained at
least annually on the various reporting and recordkeeping
requirements for BSA, CIP and OFAC. GBA is aware of the need for
this training and has set up a helpful training resource for you and
your bank. Take advantage of this seminar Aug. 21 at the Idle Hour
Country Club in Macon.
This seminar will address the fundamental BSA
reporting and recording requirements, including the following
Read about more In-Person Seminars coming up this Fall...
Bank Directors &
Executive Management Conference - Aug. 27
One of the most
popular breakout sessions at the recent GBA annual meeting was led
Nelson, CEO, KPN Consulting. Bankers left wanting to know more,
and we've worked with Karl to put together a full day session for
bank management teams and board members. Bank Directors'
responsibilities and liabilities have greatly expanded during the
past few years as we suffered through our second banking crisis in
modern times. That crisis, coupled with an unprecedented interest
rate environment, continues to challenge our industry. Our
conference is designed to examine issues that are high priorities
for regulators and banking executives, and our focus is on
information that will help directors understand their critical role
and also provide guidance about how we might achieve success in the
coming years. This conference is designed for directors, CEOs, CFOs,
and executive management of community banks of all sizes. Inside and
outside directors will gain a better
understanding of the duties and responsibilities involved in this
leadership role while also discovering how to enhance profitability
in this challenging environment. This conference is
Aug. 27 at the Idle Hour Country Club in Macon.
to register for the session. If you have any questions, please
Georgia BankPAC Golf Classic - Oct. 1
Don't miss the opportunity to invite your legislators and directors
to meet and play golf with your colleagues at
Georgia BankPAC Classic
Wednesday, Oct. 1, at The Club at River Forest in
Forsyth. This two-person scramble tournament is always a fun and
challenging event. Registration is $150 per person,
$250 per team or $450 for a team and hole sponsorship. The proceeds
fund the GBA StatePAC.
To register, click here.
Please call GBA's
at 404.420.2010 with questions about the tournament.
Thief Busted in Moultrie
Moultrie police this week arrested a man
accused of stealing nearly $10,000 from Georgia and South Carolina
banks in an identity theft scheme. Robert Jerry Ludwig was trying to
make a large withdrawal at a Moultrie SunTrust branch by using the
identity of the president of a Florida technology company. Police
arrested Ludwig in SunTrust's Moultrie Walmart branch and
confiscated a fake ID and fake Florida Driver's license. Ludwig is
probably not working alone, according to police, who are seeking the
public's help in identifying others associated with him.
Read more here...and read the next story, too. There's a
disconnect and we can help consumers understand the importance
of protecting their identities.
Consumer Attitudes about Privacy and Security
Almost 80 percent of consumers in one
recent survey said they had not taken any action after hearing of
the Target breach to protect their privacy or to prevent
credit/debit card fraudulent activity, reports
a blog post from the Federal Reserve Bank of
Atlanta. The May 2014
research study by idRADAR had some other surprising
findings, too. More than half (58 percent) admitted that they
changed their personal e-mail or online passwords only when forced
or prompted to do so. And, fewer than 10 percent changed it monthly,
the blog post said. A takeaway is that banks and others can help by
providing ongoing education to consumers about the importance of
good data security habits, while also touting the lengths they go to
in protecting sensitive data.
GBA Members Grant Scholarships and Support
Local Organizations and Charities This Summer
Click here to read about
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
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Read about all the Georgia Bankers making news this week...
top left) Debbie Moore,
Webb, Michelle Davison, Amanda Watkins and Keeley
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.
Ponte Vedra, FL
Sept. 24 - 26
Oct. 12 - 14
Bank Counsel Conference
Oct. 12 - 14
Bank Accountant Conference
Oct. 12 - 14
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