Georgia Bankers Association - The Resource that Empowers

June 13, 2014


Compensation and Benefits Survey Still Open. Participate now through June 30.


Free Webinar - June 25
D&O, Bond, Cyber and P&C Claims Trends and Emerging Issues from ABA Insurance Services

Join ABA Insurance Services' Mike Read on June 25 from 2-3 p.m. for a review of current claims trends and how these are analyzed under various insurance policies including D&O, EPLI, Cyber and the financial institution bond. Get a glimpse into the future as we look at emerging issues that are likely to drive claims going forward and gain tips on how to avoid losses. ABA Insurance Services offers an GBA-endorsed D&O/Bond program as well as a P&C program for financial institutions. Recognized for underwriting and claims handling expertise, this unique bank-owned, banker-directed program has been insuring and supporting banks countrywide for almost 30 years. Click here to register for the Webinar. For questions, contact ABA Insurance Services' Catherine Kopera at 800.274.5222 or

Rely on GBA Strategic Partner Gladiator Technology® for Protection against Today's Malware Threats

With about 200,000 new variants of malware written every day, malicious software infections on bank networks continue to pose a major security threat. Traditional anti-virus protection is no longer sufficient to protect your network and non-public information from today's complex threats. Turn to Gladiator Technology from ProfitStars® for help in staying one step ahead of the bad guys. Gladiator® Advanced Malware Protection™ (AMP) is a robust, cloud-based solution that that provides a safe and secure Domain Name Service (DNS) to proactively protect against today's sophisticated malware threats. Further, this cutting-edge layer in malware defense leverages the expertise of the Gladiator Security Research department, including its Internet Threat Watch List database, and industry-leading partners in DNS security and threat intelligence. Gladiator is a GBA Strategic Partner. Contact 877-GLADTECH for immediate assistance or visit for more information.

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Pledging Pool

Passing of the Gavel Slated Next Week

GBA's 124th chairman will pass the ceremonial gavel to his successor at the annual meeting next week. Yes, you read the number right: 124 bankers have been honored by their peers to serve as the chief elected officer of the association since its founding in 1892. "Stan Kryder, president and CEO of Midtown Bank & Trust, has served the association tirelessly and with great enthusiasm. He deserves the thanks of all Georgia bankers," said GBA President and CEO Joe Brannen. During his year at the helm, Kryder was especially focused on helping tell the positive story of bankers' involvement in their communities and the critical role banks play in the overall economy. Read about more highlights from Kryder's tenure as GBA Chairman here...


GBA Senior Lending Officer Roundtables Wrap Up First Year

Last week all three GBA Senior Lending Officer Roundtables met. Group 1 met in Macon at Idle Hour Country Club, while Groups 2 and 3 met at The Georgian Club, Atlanta.  Ryan C. Inlow, partner, Mauldin & Jenkins, LLC, Albany, spoke to all three groups about the new accounting framework for small businesses. The roundtables are facilitated by Paul Sims, president of Guided Solutions, Franklin, TN. These roundtables provided an in-depth look at all the latest issues facing senior lending officers in Georgia. If you are interested in joining one of these groups, please contact Alison Moreau at GBA to learn more and sign up for this year.


15 Georgia Bankers Complete the Graduate School of Banking at LSU

The 65th-annual session of the Graduate School of Banking at LSU in Baton Rogue wrapped up last week with a good contingent of Georgia bankers in attendance. Fifty Georgians were among the more than 500 banker-students from 22 participating states enrolled in this year's session. Academics are taken seriously, and there were 15 graduating bankers from Georgia who worked hard completing ten bank study projects and attending approximately 140 hours of class during the three-year program. You can see a list of those students here. Congratulations!


DBF Issues Final Rules

The Georgia Department of Banking and Finance issued final rules June 10 that cover a variety of issues. The rules take effect June 30. There was one substantive change to the final rules, which were proposed May 10.  Rule 80-11-5-.01 was revised to extend the period of time to correct a deficient mortgage loan originator application from five calendar days to five business days. There were no substantive changes to the issues we reported about in our May 16 edition dealing with investments, fixed assets, assets acquired for debt previously contracted and payment instrument sellers.


Virtual Currency Investing Gets Another Warning

Georgia Secretary of State and Securities Commissioner Brian Kemp this week issued a warning to investors about virtual currencies. Georgia businesses, consumers, and investors should consider a variety of risks, and more, before active involvement with virtual currencies, the alert said. It defines Virtual currencies as digital or crypto-currencies such as Bitcoin. The advisory is similar to a recent warning issued by the Georgia Department of Banking and Finance. Earlier this week, travel website Expedia announced it will begin accepting payment in Bitcoin. While regulators are sounding alarms, Expedia's move is another example of the contradictions out there with this new world of currency.


HR Alert

Clock Ticking On GBA Comp. & Benefits Survey

The June 30 deadline is coming up for member banks to participate in GBA's Compensation and Benefits Survey. Participation is free, and by taking part you can save $250 off the price of the results. The more members that participate, the better resource this will be for guiding strong, competitive compensation and benefit programs. There are nine new job titles surveyed, as well as 10 updated or adjusted titles. And, there's a special section about the Affordable Care Act based on feedback from our members. Here's a link to this year's survey instructions and access to the data input system...


Elder Abuse Awareness Day is June 15

We're joining a worldwide effort to make more people aware of elder abuse and how to take preventive measures. June 15 is Worldwide Elder Abuse Awareness Day. A 2011 MetlLife Study showed that elders in the United States lost more than $2.9 billion annually from elder abuse. Any employee of a financial institution in Georgia having reasonable cause to believe that a disabled adult or elder person has been exploited financially is required to report the suspected abuse. Click here for a few useful resources for helping this important cause...


CFPB Roundup

CFPB Reform Bills Advance, Mobile Banking Under Review and New eRegulations Website Maps Out All Rules

The U.S. House Financial Services Committee this week passed four bills to reform the CFPB. GBA supports the measures, and we'll be encouraging the Georgia delegation to support moving them to full House votes. Click her for a list of the Bills, news about CFPB requesting feedback about mobile banking and access to a new eRegulations site the bureau has developed...


Deposit Insurance Education Page Updated

Check out the FDIC's updated page for consumer education about deposit insurance. There are new videos and infographics that explain deposit insurance. There's also still access there to the FDIC's easy-to-use estimator that lets customers figure out how much of their deposits are insured. Here's a link to the page...


Call Reporting Seminar – June 24

GBA will host its annual Call Reporting seminar June 24, at Idle Hour Country Club, Macon. This one-day seminar presented by Mauldin & Jenkins, LLC, will offer practical techniques to improve your overall reporting process. Participants will receive a detailed line-by-line review in the completion of each schedule of a Call Report. Appropriate items to be reported and relationships between schedules will be discussed as part of this review. In addition, changes to the Call Report effective in 2014 will be discussed, along with the 2015 changes to Schedule RC-R. Most commonly-used schedules within the Call Report will be addressed, with an emphasis placed on Schedules RC-C and RC-R. To register, click here. With questions, please contact GBA's Danielle Driggers at 404.420.2002


Firearms Policy Decals Available

With the recent passage of the Safe Carry Protection Act in Georgia, we have received some requests from GBA members that have policies against firearms in their branches about the availability of "No Firearms" notification to remind customers that firearms are prohibited at their bank. We have contacted a local company that has designed a decal in compliance with the terms of the new statute that will be effective for those banks that wish to purchase them. You can see an image of the decal at right. We understand that banks deciding to use the notices should post them at all points of entry to the building and that the basic legal standard is that the sign must be reasonably adequate to put a person on notice of the prohibition. Features of the "No Firearms" decals from the GBA are...


Key GBA Event Reminders

Leadership Conference

July 20 - 22

Click here to register

Compliance Conference

Sept. 24 - 26

Click here to register

President/CEO Conference

Oct. 12 - 14

Click here to register

Bank Counsel Conference

Oct. 12 - 14

Click here to register

Bank Accountant Conference

Oct. 12 - 14

Click here to register


GBA Community Connections

A PB&J Overload, Reading Program Support, Shredding, Scholarships and Graduates

Click here to read about the 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 Bo Brannen and David Oliver.



Read about all the Georgia Bankers making news this week...








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.




Leadership Conference
July 20-23
Ponte Vedra, FL

Compliance Conference
Sept. 24 - 26

President/CEO Conference
Oct. 12 - 14

Bank Counsel Conference
Oct. 12 - 14

Bank Accountant Conference
Oct. 12 - 14


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Compliance Calendar

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