June 10, 2016        

#GBAinAustin for Annual Meeting

A multitude of GBA members and their families are headed to Austin, TX, for our Annual Meeting that runs from Sunday through Tuesday. The meeting agenda features elections of officers, installation of our new board, recognition of incredible service to the industry and long banking careers, and some top-notch educational sessions. One of the highlights will be the passing of the GBA Chairman’s gavel from Jackson McConnell, Pinnacle Bank, Elberton, to Rick Drews, Century Bank of Georgia, Cartersville. “Jackson’s leadership of the GBA during his term has been outstanding,” said GBA president and CEO Joe Brannen. “He’s provided thoughtful, intentional guidance and support for our advocacy, education and services efforts, and he deserves the membership’s thanks for a job well done.” Click here for a brief rundown of the program and learn about ways you can connect with us even if you are not able to attend...

Georgia Flavor in Dodd-Frank Replacement Proposal

U.S. House Financial Services Committee Chairman Jeb Hensarling (R-TX 5) this week released details of a proposal to replace the Dodd-Frank Act. The primary thrust of the Financial CHOICE Act legislation will be to allow banks to be exempt from many Dodd-Frank provisions if they meet certain capital and safety and soundness criteria. Here’s a summary of the proposal. The proposal includes previously introduced legislation from Georgia Rep. Lynn Westmoreland (R-GA 3) that GBA has supported. Read more about Hensarling’s proposal and Westmoreland’s billl (H.R. 1941), the Financial Institutions Examination Fairness and Reform Act, here…

Non-Salary Portion – Last Call for Participation!

GBA Compensation & Benefits Survey Deadline June 17

The deadline to participate in the Salary Trends, Benefits and Directors Compensation (non-salary) portion is Friday, June 17. We’ve worked with the GBA HR Committee and Mathews Young to cut the time and information needed to complete this part of the full survey. The salary component is still due Thursday, June 30. Banks that participate in both survey components get participant pricing of $150, which is a $250 discount off the full price for non-participating banks. Please visit our GBA Compensation and Benefits Survey website for details and instructions. If you have questions, please contact GBA’s Kenyetta Parks, 404.420.2035.

Congrats to 15 Georgia Grads from the Graduate School of Banking at LSU

When it’s time for Georgia bankers to take the next important step in their banking careers, they head to The Graduate School of Banking at LSU. Many of our state’s prominent bank executives and officers are graduates of the school, and we are proud of the Georgia Bankers who just completed their next step recently in Baton Rouge. See a list of all 15 Georgia Graduate School of Banking graduates here. With questions about the school, contact our director of the school for Georgia, Brad Barber, First National Bank of Decatur County, Bainbridge, 229.246.3185; or Joe Brannen, 404.420.2026.

Bank of Camilla Warns of Fraudulent Cashier’s Checks

Banks are encouraged to be on the lookout for fraudulent cashier’s checks bearing the Bank of Camilla name related to a prize scam. The bank says checks are printed with the correct bank name and address, but have an incorrect phone number, and the routing number is missing a digit. If you have a question about a cashier’s check from the bank, contact Martha Jane Bullard, Bank of Camilla, 229.351.3052, mbullard@bankofcamilla.net.

New Observations about Overtime Exemption Regulations from ELC

We recently reported that the Department of Labor (DOL) had issued new final overtime exemption regulations. GBA has been in regular contact with our Strategic Partner Employment Law Compliance (ELC) about the issue. "As we have worked with banks to evaluate the new exemption standards, several themes have come to the forefront. This exercise is considerably different in practice from the update to exemption standards in 2004," says ELC's Steve Greene. Click here to access ELC's most-recent observations... Related: Join Greene June 22 as he leads a webinar covering the compliance options available to community banks, methods to reduce increased costs and practical guidance when it comes to communication and implementation of DOL's new regulations. Register here. Contact GBA's Katina Prokos with questions at 404.420.2021.

Compliance Peer Group Meeting

Third-Party Provider Management - June 21

Compliance and vendor management specialists should mark their calendars for GBA's next Compliance Peer Group meeting June 21 in Macon. Tom Hinkel of Safe Systems, will discuss Third-Party Provider Management. He'll explain the steps to adequately mitigate the rick as well as what a bank should examine to determine the risk. Anthony Womack, FDIC, will join the speakers for a Q&A panel in the afternoon. Here's a detailed agenda. The meeting will convene at Idle Hour Country Club in Macon. Registration is $125 per person. Click here to register online. Contact Alison Moreau, 404.420.2034 with questions.

Amazing Leadership Conference Coming up

We’ve got an amazing GBA Leadership Conference coming up July 18-21 at the Ponte Vedra Inn & Club. Ponte Vedra, FL. Don’t miss the program, which includes a national known economist, a panel of Georgia bank CEOs, cybersecurity and real estate updates and a fascinating look at what it was like inside the presidential bunker on Sept. 9/11. Get more details here and register online here. With questions about the conference or Leadership GBA in general, please contact GBA’s Susie McGehee at 404.420.2010.

Overdraft Strategy Suggestions: Full Disclosure is Key

When we were in Washington, D.C. last month, we heard it may be some time before CFPB issues its proposed rules for overdraft programs. Even with the delay, there are good strategies banks can use to provide an overdraft program that is fully disclosed for the consumer’s benefit and meets regulatory scrutiny, says Cheryl Lawson, executive vice president, Compliance Review, John M. Floyd and Associates. “Simply stated, regulators expect financial institutions to be transparent. A fully-disclosed overdraft program clearly defines the rules by which a customer may access the service,” Lawson said in a May article in the online CB Insight publication. “This straightforward approach of responsible use provides customers with the information they need to make a more informed decision on whether or not to use a product, based on their individual circumstances.” Her article gives some good tips and key considerations for bank management teams when analyzing their overdraft programs. John M. Floyd and Associates is a GBA Strategic Partner. With questions about overdraft programs, contact JMFA’s Waid Thompson, 888.345.8639.

Speak up for CSBS Community Bank Survey

Georgia banks can still participate in the National Survey of Community Banks being done by the Cornell Survey Research Institute on behalf of the state banking regulatory agencies and the Conference of State Bank Supervisors (CSBS). The purpose of the survey is to give researchers and policy makers an opportunity to hear directly from community banks on a range of important topics. We join Georgia Banking Commissioner Kevin Hagler in asking members to please take the time to complete the 2016 survey, available at https://sri.cornell.edu/CB21/2016/. Completion should take no longer than 30 minutes. We certainly want Georgia banks to be well represented in the results, which will be presented during the 4th-annual Community Banking in the 21st Century research and policy conference Sept. 28-29, in St. Louis, MO.

Regulatory Hot Buttons Workshop - Aug. 24

Enterprise Risk Management: What Bank Management Needs to Know

How can banks improve how they actually manage risk to ensure failures do not occur, but more importantly, make certain they can continue to run a high-performing institution? Join David Ruffin of Credit Risk Management to learn the logic and key components of the enhanced Enterprise Risk Management (ERM) process and receive guidance on what is occurring in the community-banking world in reaction to enhanced scrutiny. Presented in partnership with KPN Consulting, GBA’s Regulatory Hot Buttons Workshop Aug. 24 at Idle Hour Country Club in Macon 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. In addition to ERM, other sessions include…

Five Reasons to Consider a New Approach to Credit Card Lending with Corserv

GBA Strategic Partner Corserv Solutions has a unique approach to the credit card lending business with its Account Issuer program. They’ve shared the following five reasons their approach is worth considering for your bank…

GBA-U Webinars

Appraisal Mistakes to Avoid, TRID, Leadership Secrets 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.

Marketing, Supervisor Certificate among Highlights

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…

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...
GBA E-Bulletin Sponsor: CrediTrained
Providing outsourced credit training and underwriting services
Mount Vernon Bank EVP
Dwight Stout (at right) accepts the bank's SBA award

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.