July 8, 2016          

Unique Banker Recognition

Book Festival Prize Honors Judy Turner

It’s nice to see bankers recognized for their unique and significant roles in their communities. Judy Turner (at far right in the photo), who recently retired from Private Bank of Decatur, a division of Private Bank of Buckhead, helped start the AJC Decatur Book Festival in 2005 and continues to serve as the festival’s board president. So, as a fitting tribute to her 51-year career in banking and in recognition of her commitment to the festival, the bank contributed $10,000 in seed money so the AJC Decatur Book Festival could establish the Judy Turner Prize. More about Turner's unique honor here...

Privacy Notice Exception Rule Proposed

The CFPB July 1 proposed a rule that would provide banks with exemptions from sending annual privacy notices to customers in certain circumstances. The rule would implement a GBA-supported amendment passed by Congress in December 2015 to the Gramm-Leach-Bliley Act. Under the proposal, a bank would be exempt from sending a privacy notice if it has not changed its policies since the last notice was sent and it does not share non-public personal information with third parties, unless required by law. More news about privacy notice exempions for banks here...

Helpful Call Report Changes Approved

The FFIEC this week approved several changes to call reports that will reduce some of the reporting burden for about 92 percent of Georgia-based community banks. The changes apply to banks under $1 billion in total assets. Call report changes in five schedules take effect Sept. 30 of this year, as do increases in existing reporting thresholds and the establishment of a new threshold for certain data items in six call report schedules. There are also some new and revised data items that take effect in September. More Call Report change details here...

Compliance Conference, Sept. 14-16, Macon

Complete Program Agenda Now Available

A detailed schedule for the 2016 GBA Compliance Conference sessions is now available. Click here to see this information or take a look at the registration brochure and insert in the print bulletin. This year’s conference will be Sept. 14-16 at Middle Georgia State University in Macon. Ready to sign up? Click here to register or you may use the form in the brochure. Contact Kathy Friesdad, 404.420.2024 with questions.

Brokered Deposit FAQ Updated

The FDIC has updated its frequently asked questions (FAQ) document about brokered deposits. In essence, the answers in the document outline that the FDIC’s views are that most deposits involving a third party will be considered brokered. The agency did say it will consider determinations about the brokered-status of some deposits on a case-by-case basis because it “recognizes that brokered deposit determinations are fact-specific.” Bankers with questions are encouraged to contact their local FDIC offices and the agency said banks that need to reclassify deposits as brokered would generally not need to refile past Call Reports.

Cyber Alert

SWIFT Compromises Highlight Need for Cyber Defenses

High-profile cyber-attacks on an international communications and payment network shine a bright light on the need for all banks to review, assess and strengthen data security protocols where needed. A broad coalition of industry and security groups has issued a statement with incident details and risk-mitigation steps to take in the wake of recent compromised communications sent through the SWIFT communications network. Overseas banks have been affected, with losses estimated at around $81 million thus far. More cyber security news here...

2016 BankPAC Campaign Going Strong

As a great follow-up to last week’s strong report of the 2016 BankPAC Campaign, this week brings equally good news. The GBA BankPAC Board of Directors wants to ensure that participation from all GBA member banks follows and they will be contacting fellow CEOs soon. 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. The following banks and individuals contributed to the GBA BankPAC this week...

Law and Order

Bid Rigging, Bank Fraud Draw Guilty Pleas from Three Real Estate Investors

Jeffrey Wayne Brock, David Wallace “Chuck” Doughty, and Stanley Ralph Sullivan pleaded guilty recently to rigging auctions of foreclosed Cobb County homes from June 2007 to January 2012. Court documents say the three Georgia men and their co-conspirators agreed not to compete for the purchase of selected foreclosed homes so that they could win the auctions for those homes with artificially low bids. The winning bidders then made payoffs to conspirators who had refrained from bidding against them. As a result, conspirators profited from money that otherwise would have gone to mortgage holders and other secured debt holders, and in some cases, to the owners of foreclosed homes. The FBI, federal prosecutors and the Justice department have an ongoing focus on foreclosure auction fraud. To date 18 of 20 defendants charged with crimes related to foreclosure auctions have either pleaded guilty or agreed to plead guilty. Read more here...

Regulatory Hot Buttons Workshop – Aug. 24

Strategic Risk & the Role of Strategic Planning

The strategic planning process has never been more crucial to bank management and has taken on an even more important role in the way examiners look at institutions. Join Karl Nelson of KPN Consulting for to learn about the best process for creating a plan, the key components of a great plan and the on-going requirements to "live" that plan at GBA’s Regulatory Hot Buttons Workshop Aug. 24 at Idle Hour Country Club in Macon. Presented in partnership with KPN Consulting, this program features a variety of experts covering current industry trends and providing insight about the appropriate way to navigate the independence decision, regulatory capital expectations and regulatory relations in a compliance-oriented environment. Other sessions include…

Next Session of Senior Lending Officer Roundtables Begin in October

The dates for GBA’s Senior Lending Officer Roundtables have been set. Facilitated by Paul Sims, president of Guided Solutions, Franklin, TN, the roundtables will provide an in-depth look at all the latest issues a senior lending officer needs to understand to cultivate new business, evaluate risk and strongly support profitability. Dates, locations, including application, can be found here. With questions, please contact GBA’s Alison Moreau at 404.420.2034 or Susie McGehee at 404.420.2010.

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, Supervisor Certificate, Marketing Courses & 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 July…

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.

Trust and Investment Management Services for Your Bank's Valued Customers

Reliance Trust Company, headquartered in Atlanta, is 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. Services include...

Discounts Available for DOR-Approved E-Titling Provider

Decision Dynamics, Inc. (DDI) is GBA's preferred provider of the Premier eTitleLien™ product, a leading web-based computer program that enables lienholders to exchange lien and title information with the Georgia Department of Revenue Motor Vehicle Division thus eliminating the need to obtain paper titles for vehicle and mobile home collateral management. DDI is now also offering volume discounts on pricing. For volumes over 10 titles per month, the per-unit price drops significantly. Find out more about DDI here…

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...
GBA E-Bulletin Sponsor: CrediTrained
Providing outsourced credit training and underwriting services
If your company would like to sponsor future editions of the GBA
E-Bulletin, contact David Oliver.

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.