Status of Important Banking Cases for
Compensation and Benefits Survey Still
Open. Participate now through June 30.
Appraisal Pros to Help
You Manage the Entire Appraisal Process
Valuation Management Group (VMG)
is our preferred
vendor of appraisal management services.
We encourage you and your bank to contact
Vicky Thompson, president and CEO, 770.373.5520, or
Patrick McMillen, chief risk officer and senior vice
president, 678.486.7495, to learn more.
Through our Strategic
Partnership with VMG you and your bank can expect the following
Income and CRA Opportunity from GBA Partner Senior Housing Crime
can earn investment income, gain CRA credit and strengthen
protections for the elderly by investing in the
Senior Housing Crime Prevention Foundation (SHCPF).
The SHCPF is a national organization that helps banks earn CRA
credit by providing the acclaimed Senior Crimestoppers Program
to low- and moderate-income nursing home residents and elderly
Veterans home residents through CRA-qualified loans and investments
in the Foundation.
Here is why this is important...
Looking for a No-Cost, Value-Added
Customer Appreciation Program? Affinion Has It
Affinion's Accidental Death & Dismemberment (AD&) plan is a
"customer appreciation" program designed to strengthen ties with
your customers and to generate incremental revenue. The program
offers $1,000 of AD&D insurance at no cost to your customers. AD&D
insurance covers your customers in the event of loss of life, live,
sight, speech or hearing due to a covered accident. No one can be
turned down for coverage. The program is marketed with a
tried-and-true direct mail solicitation program, including, over
time, the implementation of multiple acquisitions, cross-sell and up
sell direct response events.
Key benefits include...
Find a job, post a job
More GBA Products and Services
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
of State Proposes Rules for Issuing Fairness Opinions
Georgia Secretary of State Brian Kemp
has published proposed regulations to govern his consideration of
applications for rendering fairness opinions on the terms and
conditions involving the exchange of securities. The
first such opinion rendered by his
office related to bank M&A transactions was in connection with the
merger of Brookhaven Bank into Georgia Commerce Bank. As this was
the first such request and other parties had expressed interest in
perhaps taking advantage of the process, Secretary Kemp felt it was
important to publish the proposed regulations outlining the
procedures and fees to be paid. The proposed rules can be found
by clicking here;
comments are due by June 12. With questions, contact
Briefs Vidalia Rotary about State of Industry
banking conditions, technology and community involvement were among
the trends GBA President and CEO Joe Brannen talked about to
the Vidalia Rotary Club Wednesday. "Simply put, your local banks and
bankers continue to have a tremendous stake in the economic growth,
health and vitality of Toombs County," he said during his talk. "And
as the economy improves, I've sensed a renewed attitude and spirit
of optimism from bankers and the businesses they support."
Among the attendees were a big group of bankers from GBA members
Ameris Bank, Vidalia Federal Savings Bank, Altamaha Bank, Mount
Vernon Bank, and the Claxton Bank. Brannen spoke at the invitation
of John Tyson, Ameris Bank.
Jeanne Robertson to Close Annual Meeting with Laughs
Hall of fame
speaker and nationally recognized southern humorist Jeanne
Robertson will close the 2014 GBA Annual Meeting at the
Greenbrier, which is coming up June 15-17. Robertson
speaks to thousands of people annually, and
she uses her positively funny style to illustrate that a sense of
humor is much more than a laughing matter. It is a strategy for
success. Robertson will speak to attendees after the Chairman's
Farewell Dinner on Tuesday night, June 17. A big crowd is registered
for the GBA Annual Meeting, and we're looking forward to capping off
a program full of important banking trends and topics with a
celebration of GBA's member volunteers and some fun.
See complete program details here. With questions about the
meeting, please contact GBA's
Susie McGehee at 404.420.2010.
Banking Update Has New Information
We’ve added the most
recent Georgia bank performance statistics out from the FDIC last
week to our
Georgia Banking Update. The June
issue also has updated information about bills approved by the U.S.
House Financial Services Committee that would expand the definition
of qualified mortgages to all portfolio loans and exempt more
lenders from Dodd-Frank Act escrow rules. We’ve also added
information about a U.S. Hose bill that would
change the method by which Bank Holding
Companies are designated for enhanced supervisory and prudential
standards by the Dodd-Frank Act.
Compliance Committee Meeting
Exams, UDAAP, Mortgage Rules on Compliance Officers' Minds
Compliance Committee met this week to share trends and
begin planning the annual GBA Compliance Conference. The
conference will be Sept. 24-26 at Idle Hour Country Club
in Macon. During a roundtable discussion, Georgia's bank
compliance pros talked about how exam teams are focusing
heavily on possible UDAAP issues and other practices
that the examiners believe may put customers at risk,
among other issues. Thomas Williams, United Bank,
Griffin, chairs the GBA Compliance Committee. Look for details about
the full agenda soon.
Read a detailed summary of what the
Compliance Committee discussed and what will likely be on the agenda
Compliance Peer Group Meeting June 24
Assessment and Third Party Vendor Management
The next GBA Compliance Peer Group Meeting is June 24 at Idle Hour
Country Club in Macon from 9:30 a.m. to 2:30 p.m. Kevin Toomey
with Kilpatrick Townsend & Stockton LLP, will cover overall
risk assessment for a bank's compliance management program and
third-party vendor management. This event is open to all GBA
Click here to learn more and to register
Selling Out Quickly for 2014 Leadership Conference
Rooms at the
Ponte Vedra Inn & Club are selling out quickly for
2014 Leadership Conference. If you have not already done so,
you can make your reservations by calling the Ponte Vedra Inn directly
at 904.285.1111 or 800.234.7842. Be sure to let
them know you are with the Georgia Bankers Association group to get
the discounted room rate of $219 - $235 per night. The cut-off
date for reservations is June 17. After this date, all
reservations will be subject to prevailing rate and space
Register for the Conference online here. With questions about hotel rates and
availability or the Leadership Conference in general, please contact
Susie McGehee at 404.420.2010. Make your reservations today!
Bidders Gaining Traction in Auctions
Associate member John Dixon & Associates reports the company sold
108 properties in Georgia and South Carolina last week for a total
of $8.25 million. The auctions were conducted in Savannah,
Gainesville and Greeneville, S.C. and the properties ranged from
office buildings, other commercial and residential properties to
land. The auctions were noted for the number of both online and in-person bidders. Principal
John Dixon said, "We actually had more
registered bidders online than in person, and 41 percent of the
properties sold to bidders who were participating online."
Click here for more information...
Regulators Ask For Comment about Outdated, Burdensome Regulations
An effort to
collect comments to identify outdated, unnecessary,
or unduly burdensome regulations imposed on insured depository
institutions is underway. Regulators this week
published the first in a series of requests
for comments as part of a requirement for regulators to review
regulations every 10 years. The first notice seeks comment on
regulations from three of 12 total categories: Applications and
Reporting; Powers and Activities, and International Operations. The
deadline is Sept. 2 to review and comment on this first set of
categories. We'll take a look and consider commenting if our members
share concerns about the specific areas in which we should focus.
Outlook for Regional Economy Noted by Fed
sales, tourism and home sales were among the areas of economic
improvement noted the
Federal Reserve's Sixth District Beige Book economic report this
week. The overall outlook is positive with most
contacts expecting either the same or a slightly higher level of
growth for the remainder of the year, the report said. In the
banking sector, loan demand for most types of loans was up across
most parts of the region.
More from the Beige Book here...
Cybercrime Network Disrupted
and international authorities
this week announced they
seized a global network of computer servers known as the Gameover
Zeus Botnet. Gameover Zeus, also known as "Peer-to-Peer Zeus," is an
extremely sophisticated type of malware designed to steal banking
and other credentials from the computers it infects. Unknown to
their rightful owners, the infected computers also secretly become
part of a global network of compromised computers known as a "botnet."
about the Gameover Zeus news here...
Business Rock Stars Wanted
a good way to show support for your best small business customers.
The Georgia Economic Development Association (GEDA) is seeking
nominations for its annual Rock Stars of Small Business awards. The
awards seek to recognize any type of small business that employs
fewer than 100 people as a way to salute the risks, the innovations,
the outreach and the impact these companies have on Georgia. You can
nominate a company or send the information to any company
you believe stands above the rest. Companies may nominate themselves.
With questions, contact
Mary Ellen McClanahan at
email@example.com or 404.962.4820 or visit the
Small Business Rock Star website.
Consumers More Comfortable Moving Toward Mobile, Non-Traditional
By Tim Pannell, Financial Marketing Solutions, GBA
just released its
Digital Banking Consumer Survey
of over 4,000 participants. The results of the survey highlight the
exponential progress of both technology and the influence of the
80-million-strong Y generation upon financial services and payment
systems. The rate of consumer change is startling. Of the 4,000
surveyed, 71 percent said they would consider banking with a
non-traditional services company and 27 percent said that if they
were to change banks, they would consider a totally branchless
digital bank. Both the Y generation and the Millennial generation
are more connected to Google, Amazon, Apple, PayPal and Square than
they are to a traditional bank. They live their lives on a mobile
platform and expect real-time experiences. They have been trained by
non-financial services companies to expect this level of technology
and real-time service and they are not about to change for the
Read some of Pannell's ideas for using this
information to remain competitive...
Reporting Seminar Coming up June 24
GBA will host its
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.
With questions, please contact GBA's
Veterans' Homes, New Life for Office Equipment and
Soap Box Derby Time
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
Read about all the Georgia Bankers making news this week...
Chris Burnett, Bank of Sandy Springs Market President;
Stan Kryder, Midtown Bank & Trust Company President and
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.
2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV
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