June 17, 2016        

Drews

Drews Installed as 127th GBA Chairman

Richard E. Drews took the gavel as GBA’s 127th Chairman this week at GBA’s Annual Meeting. Drews is the chief executive officer at Century Bank of Georgia in Cartersville. Drews has been a community banker since 1979 and has been the CEO at Century Bank of Georgia since 2005. He’s been at the bank since it opened in 2000. In addition to his role as GBA Chairman this year, Drews is also on the GBA Retirement Services board and is a past chairman of GBA’s Credit Committee. Click here to learn more about Drews and the rest of GBA’s newly installed directors…
McConnell

McConnell Highlights Another Successful GBA Year

Against the backdrop of an improved economy and solid member bank performance, GBA's 2015-2016 Chairman Jackson McConnell said the state of the association is strong and GBA completed another successful fiscal year in 2015-2016. “As I’ve thought about my tenure as Chairman, there’s a recurring theme that I keep coming back to. It’s something I mentioned last year, and that’s the power of stronger, deeper professional and personal relationships,” he said during his address at the GBA Annual Meeting. “If I’ve learned only one thing during my tenure it is that when it comes to building and strengthening relationships that truly make a difference, there’s simply no better conduit for us than the community of banking professionals that is the Georgia Bankers Association.” Among the highlights of the year were…

50-Year Bankers Honored

One of the big traditions of the GBA Annual Meeting each year is to honor Georgia bankers who have dedicated 50 years or more of their careers to the banking industry. This year, we saluted two bankers for their long and successful careers. Congratulations, and thank you for your service to your banks, communities and the industry!
  • Aubrey Strickland of The Claxton Bank celebrated 67 years of service in February.

  • Mary Dona Lunceford of F&M Bank, Washington. Mary Donna is senior vice president of Human Resources and also has responsibilities as CRA officer. She began her career with the bank in 1965 in the deposit operations area. Just a few of her other roles at the bank have included working as a teller, head bookkeeper and secretary to the president of the bank.
Strickland
Lunceford

McConnell, Johnson, Moeling and Willis Honored

Several GBA leaders were honored with official resolutions and recognitions for their service to the industry during the GBA Annual Meeting. They were:
  • Jackson McConnell, Pinnacle Bank, resolution commemorating his chairmanship
  • G.W. Johnson, Durden Banking Company, resolution of thanks for service as Secretary/Treasurer
  • Walt Moeling, the Bryan Cave law firm, resolution commemorating his 16-year term as GBA General Counsel
  • Pait Willis, South Georgia Banking Company, recognition for 20 years of service on the GBA BankPAC board of directors.

Content was King at Annual Meeting

The program for the GBA Annual Meeting this week was top notch, featuring a nationally known economist, the CEO recognized as the Community Banker of the Year, Georgia’s own Dan Blanton, chairman of the ABA, a payments and tech heavyweight, a former CIA spy and more. Here are some of the highlights…

GBA Insurance Trust Elects Directors

The GBA Insurance Trust (GBAIT) held its annual meeting June 13. During the meeting, Chairman Ed Hortman, Ameris Bank, Moultrie, highlighted the activities of GBAIT. He noted that GBAIT operates extremely efficiently, with 91 percent of premiums paid out as claims, the Paragon Benefits Subsidiary saves the Trust hundreds of thousands of dollars a year that are passed on to the banks in the program, and GBAIT’s disease and case management program has saved an estimated $15.1 million in potential claims since 2010. Directors elected to a three-year term ending in 2018 were:
  • Rick Whaley, president and CEO, The Citizens Bank of Americus
  • Jackson McConnell, president and CEO, Pinnacle Bank
  • Ed Hortman, CEO, Ameris Bank
  • Joe Brannen, president and CEO, Georgia Bankers Association
Whaley
McConnell
Hortman
Brannen

WHEN Participation Awards Presented

The GBA Insurance Trust’s WHEN wellness program is now in its second year, with 59 banks participating and more than 7,800 employees having access to the benefits of health screenings and personal health coaching from program partner Wellview Health. During the GBAIT annual meeting, Dan Thomason, president and CEO of GBAIT, and James Story of Wellview Health, recognized several organizations for outstanding participation in the first year of the WHEN program. They are…

Welcome New Associate Members

The GBA Board of Directors has approved the following companies as GBA Associate Members. Congratulations to them, and welcome aboard.
Neugebauer

Durbin Amendment Repeal Bill Introduced

Texas Rep. Randy Neugebauer Tuesday introduced H.R. 5465, a bill that would repeal Dodd-Frank’s Durbin Amendment, which institutes a cap on debit interchange fees charged by institutions with $10 billion or more in assets. Neugebauer noted that as a result of the Durbin Amendment, some banks reduced their free checking account offerings, increased account fees and institutes higher minimum balance requirements. GBA supports this legislation. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

FASB Announces CECL Standard

The Financial Accounting Standards Board (FASB) Thursday issued its final rule for new loan loss accounting standards, called the current expected credit loss model (CECL). The new standard effectively requires bankers to record, at the time of origination, credit losses expected throughout the life of the asset portfolio on loans and held-to-maturity securities. This is in contrast to “incurred loss” accounting, under which losses are recorded when it is probable that a loss event has occurred. CECL will be effective in 2020 for Securities and Exchange Commission registrants and 2021 for all others. GBA will work with bankers and Associate Member experts to develop resources helpful to prepare for implementation. Here’s a link to the final standard. ABA published a brief video introduction to the model on Thursday that you can link to here...

Summary of Financial CHOICE Act Provided

The U.S. House Financial Services Committee has shared a preliminary summary of the Financial CHOICE Act legislation that soon will be introduced by Committee Chairman Jeb Hensarling (R-TX 5). The summary outlines the capital levels and other requirements that would provide exemption from many Dodd-Frank regulations. The summary also covers the repeal of the Durbin Amendment that sets price controls on interchange rates and the inclusion of Georgia Rep. Lynn Westmoreland’s bill (H.R. 1941), the Financial Institutions Examination Fairness and Reform Act, would set clear exam standards and create an Office of Independent Examination Review to ensure consistency across exams. Read more here…

Make Plans Now to Attend Leadership GBA's Signature Event - July 18-21

We’re drawing closer to the start of the 2016 Leadership Conference July 18-21 at the Ponte Vedrta Inn & Club in Ponte Vedra, FL. If you haven't committed to joining us, just read this list of sessions you won't want to miss:
  • An economic update and forecast with Tim Quinlan
  • A panel of CEOs discussing how they profitably grow their banks
  • Zach Duke sharing steps your bank can take to beef up information security
  • A look at the state of housing in Georgia with John Hunt
  • Leadership lessons learned by Lt. Col. Robert Darling during a life-changing 24 hours inside the President’s bunker on 9/11.
That's just a brief overview, and you’ll also have a chance to relax, recharge and reconnect with your fellow bankers and their families in a fun, first-class location. Click here to register online. With questions, please contact GBA’s Susie McGehee at 404.420.2010.

Senior Lending Officer Roundtables Wrap-up

All four Senior Lending Officer Roundtables met last week in Macon and Atlanta. This wraps up the current session. Registration is underway for the next session. Paul Sims, president of community bank consulting firm Guided Solutions, facilitates these roundtables. If you are a Senior Lender and would like to join one of the roundtables, click here for more information or contact Alison Moreau, 404.420.2034.

Regulatory Hot Buttons Workshop – Aug. 24

Practical Tips on Cybersecurity for Senior Management

Join Dave Koto, VP of Banking Strategy, Praesidio, to learn practical steps CEOs and senior managers must take in order to keep their bank secure in today’s challenging world of IT security at GBA’s Regulatory Hot Buttons Workshop Aug. 24 at Idle Hour Country Club in Macon. In addition to cybersecurity, other sessions include...

All About the Information Security Officer (ISO)

What are the regulatory requirements and internal responsibilities of an ISO? Find out by attending The Information Security Officer seminar Aug. 30 at Idle Hour Country Club in Macon. Tom Hinkel of SafeSystems, Alpharetta will address regulatory expectations as well as reporting to the board, coordinating with network administrators, leading the IT Steering Committee and more. Participants will receive helpful checklists and whitepapers as well as Certificates of Completion. Current and prospective information security officers, network administrators and compliance officers will all benefit from this seminar. The price for this event is $225 per person through Aug. 22 and $250 per person for registrations received on or after Aug. 23. Click here to register online. Please contact GBA's Katina Prokos via email or at 404.420.2021 with questions.

GBA-U Webinars

Business Accounting, TILA-RESPA HR Audits 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.

Consumer Lending, ABA General Banking Diploma 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…

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.

A New Outlook on a Defined Benefit Plan

When talking with participants regarding their retirement savings, we will often ask them about their defined benefit (DB) pension plan. Their response is usually something like, “MY Defined Benefit Plan? You mean a pension plan? I don’t have one of those. My company offers a 401(k) Plan.” Well, that is technically true; the vast majority of employees don’t have an old-style DB pension plan. GBA Retirement Services (GBARS) helps its members create a new version of a DB plan with the tool we are now provided, the 401(k) plan. Responsibility is now being shifted to us as individual participants, often with matching contributions by the employer. We now have to consider our 401(k) as the funding source from where we will withdraw income at retirement. More retirement news from GBARS 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
Smith
Patterson
Hanna
Hyde

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.