June 9, 2017          

GBA Signs on to Amicus in Credit Union Case

We’ve joined 50 other state bankers associations in a friend-of-the-court brief supporting a challenge to credit union expansion. The ABA has a lawsuit pending that challenges the National Credit Union Association’s final rule that greatly expands its field of membership for community chartered credit unions. The NCUA rule defines a “well-defined neighborhood, community or rural district” in a way that includes large regions encompassing multiple metro areas. The brief, coordinated by our colleagues at the Iowa Bankers Association, supports ABA’s call for summary judgment in the case because the rule exceeds the agency’s statutory authority. Read the brief here. In a related story about credit union expansion through the use of the broad community charter, the Augusta Chronicle last week highlighted the aggressive growth plans of Augusta-based SRP Federal Credit Union, which is not shy about its efforts to court bank customers. Read the article here. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Financial CHOICE Act Gets House Passage Thursday

The full U.S. House of Representatives took up debate and passed by a vote of 233 to 186 the GBA-supported Financial CHOICE Act package of financial services regulatory reforms. Leading up to the debate earlier in the week, house Republicans offered six amendments to the bill that don’t significantly alter the underlying bill. Democrats did not offer any amendments, as they are expected to vote against the bill in its entirety. The Senate Banking Committee, which has not outlined a specific regulatory relief package, began a series of hearings on the issue Thursday, as well. We’ll keep you posted about developments.

Georgia Bankers Packing Their Bags for Annual Meeting

We’ve got a great crowd of Georgia bankers finalizing their last minute plans to attend the 2017 Annual Meeting that starts Sunday week at the Broadmoor in Colorado Springs, CO. Attendees should have received an email from Susie McGhee confirming all the details along with a link to the mobile website developed to facilitate your experience. With questions or any help you need leading up to the event, contact Susie at 404.420.2010.

How to Help Georgia Cotton Producers

Georgia’s ag-banking sector has again been asked to support an economic assistance effort to help cotton producers. We at GBA have already added our name to those supporting the effort. You and your bank can also easily sign on to a letter to the president to use the administration’s discretionary authority to implement a similar assistance package to one put in place last year for cotton gins. “This assistance would help bring much needed stability and support to producers, and in these times of low prices, allow them to have the balance sheets necessary to procure production financing as we prepare for the 2018 Farm Bill debate,” the letter says. Click here to get more details and sign on to the letter. Thanks to Charlie Curry, First State Bank of Randolph County, Cuthbert, for bringing this to our attention. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Community Bankers Committee Meets

The Community Bankers Committee met Tuesday in Atlanta. Committee Chair Dawn Griffin, president and CEO, Liberty First Bank, Monroe, opened the meeting with a roundtable discussion. During the discussions, committee members shared their concerns on issues including recruiting and retaining quality staff, M&A trends, cyber security, fintech, and the regulatory future of the banking industry with the new administration. GBA President and CEO Joe Brannen also provided a legislative update. The committee also talked about possible speakers/topics for the President/CEO Conference on Oct. 1-3 at The Ritz-Carlton Lodge, Reynolds Plantation in Greensboro. With questions about the conference, contact GBA’s Susie McGehee at 404.420.2010.

Keep Data Coming for Compensation and Benefits Survey

We want as many banks as possible to have the opportunity to participate in the most-comprehensive survey of Georgia bank compensation and benefits programs. We’ve decided to extend until June 15 the deadline for submitting non-salary and director information for the 2017 GBA Compensation and Benefits Survey. The more information we get from you and the other banks around the state, the better the overall product is. To sweeten the pot, participants that complete both sections 1 and 3 get the survey report for only $150. The report will cost $400 for those that don't participate. Here’s a reminder of the sections and deadlines.
  • Section 1 - Compensation Trends and Benefits (Now Due June 15)
  • Section 2 - Directors Compensation Survey (Now Due June 15)
  • Section 3 - Salary Survey (Due June 30)
With questions and details about accessing the survey, contact David Oliver, 404.420.2036, or Randy McGraw at Matthews, Young - Management Consulting, 919.644.6962.

Don’t Miss GBA’s Annual Leadership Conference

Time is running out to register for Leadership GBA’s 2017 Leadership Conference July 17-20 at the Ponte Vedra Inn & Club in Ponte Vedra, FL. During this can’t-miss event, you’ll get timely information on the economy, learn about the ROI on mobile banking for community banks, gain insight from a CEO panel on how they profitably grow their institutions and hear about what’s next for future leaders in banking. Plus, there will be several opportunities to network with your colleagues from around Georgia. Rooms are selling out quickly, so if you have not already done so, you can make your reservations by calling the Ponte Vedra Inn & Club 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-$239 per night, although please note that after June 9, all reservations will be subject to prevailing rate and space availability. Click here to register online. With questions about the conference or Leadership GBA in general, please contact GBA’s Susie McGehee at 404.420.2010.

FHLBank Atlanta Election of Directors

The Federal Home Loan Bank of Atlanta has begun the election to fill certain directorships on the Bank’s board of directors, including the member directorship for the state of Alabama, the member directorship for the District of Columbia, and one public interest independent directorship. The term of the directorships to be filled in this election begins on Jan. 1, 2018, and ends on Dec. 31, 2021. Pursuant to the Bank’s board-approved Equal Opportunity Policy Statement, which is available on the Bank’s website, the Bank encourages the consideration of diversity in nominating or soliciting nominees for positions on the Bank’s board of directors. Individuals interested in being considered for the public interest independent directorship must complete and return to the Bank, by 5 p.m. on July 6, 2017, the application and related form that are available on the Bank’s website at www.fhlbatl.com. If you have questions, please contact Dean Arvidson, Legal Department, 404.888.5384 or darvidson@fhlbatl.com.

Interesting Take on Community Banking’s Future

“Bankers, your customers still need you, but you must adapt to solving their problems and answering their questions — not selling them products,” says Tom Hall of GBA Associate Member Resurgent Performance in a recent American Banker article. In the article, Hall addresses some ideas for bankers to use in dealing with the digitization of finance, becoming stronger sources of advice and counsel and re-energizing people about the possibility of a career in banking. Read the article here...

Oct. 17 Workshop Drills into Details of New HMDA Rule

New HMDA data collection and reporting rules become effective Jan. 1, 2018. The types of covered loans will be expanded significantly, e.g. HELOCs, and there will be a high volume of new "data points" to be collected, e.g. debt-to-value and credit scores. To help banks prepare for the new rules, GBA is hosting a HMDA Workshop Oct. 17 at Idle Hour Country Club in Macon. During this full-day program, Steve Moore, Bank Compliance Services, will address the following topics in "mind-numbing" detail...

Online Courses

Customize a Schedule that fits your Professional Goals

Facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. These courses have weekly assignments as well as midterm and final exams. Any employee of a GBA member company can participate at the member rate. Your bank does not have to be an ABA member. 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 of all ABA offerings...

Upcoming GBA-U Webinars

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.

GBA Job Bank

New Postitions in BSA/Compliance, Business Development and More

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 Bo Brannen at 404.420.2014.

GBA Thumbprint Signature Program

The GBA Thumbprint Signature Program provides banks across the state with a simple, effective and inexpensive method for preventing and deterring check fraud. For more information on how you can become a participating member of the Thumbprint Signature Program please contact Bo Brannen, 404.420.2014.

Get the Best Background Screening And Fingerprint Services from First Advantage

GBA is pleased to endorse the Employment Background Screening And Fingerprint Services available through First Advantage, a Symphony Technology Group company and leading global provider of screening analytics and identity solutions. First Advantage screening solutions help provide confidence that your bank is making sound staffing decisions. First Advantage's background checks empower you to make the right decisions quickly about the people you hire--whether they are contractors or employees. Best practices allow you to manage workflow efficiencies more effectively and maximize the value of your investment. Benefits include...
Bank of North Georgia

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. Read all about the Community Connections our banks and members have below. 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, or if your company would like to sponsor this content, let us know. Here's our latest installment…

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.