GBA Renews Endorsement of Valuation Management
The Georgia Bankers Association (GBA), through its
subsidiary, GBA Services, Inc., is pleased to announce the renewal
of its endorsement of Valuation Management
Group, LLC (VMG)
as a GBA Strategic Partner and its preferred provider of appraisal
management services. VMG handles the entire appraisal process
including approving the appraisers, managing the appraiser panel,
handling the bid process for complex residential properties and
commercial assignments, ordering environmental risk assessments,
engaging the appraisers and performing a
appraisal review. VMG also
offers commercial and residential reviews for Georgia banks in need
of review products only. For more information,
Patrick McMillen, 678.486.7495.
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Career Paths for BankersTM
The 44 most-common bank job
descriptions, the skills and competencies you need to have those
jobs and links to training and development by job title.
Worked on 70+ Bills During General Assembly
Georgia General Assembly finished the second
40-day session of the 2013-2014 biennial at the
stroke of midnight Thursday. It was a busy year for GBA as we were actively involved in
more than 70
bills that had a direct effect on our members,
including two priority bills we proactively
asked to be passed. Those bills passed and are
awaiting signature by the Governor. A number of
other significant bills passed, as well. And,
several bills we had concerns about did not
pass. Get all the details in our
Credit Unions – Updated
Help Tell the Story of How
Credit Unions Benefit from Tax Exemptions
banks paid more than $237 million in taxes in 2013, while in-state
credit unions competing with Georgia’s banks paid $0 in taxes. The
ABA has put together updated fact sheets that show how
tax-advantaged credit unions leverage their exemption to grow
deposits and expand business lending.
Click here to see the fact sheet. Also, please participate in
the GBA-supported “It’s Time to Pay” grassroots advocacy campaign
Click here to engage in the "It's Time to Pay" conversation.
Jobs Outpace other Sectors in Georgia for Job Gains
construction industry jobs have increased by 6.6 percent in the past
year and 2.3 percent from January to February this year. “We’re
seeing a lot of good news across most sectors, but probably the one
we’re the most excited about is construction,” said State Labor
Commissioner Mark Butler in the monthly release of
unemployment and other labor statistics.
Read more labor stats...
Related: Two upcoming regional
GBA-sponsored Symposiums will have a full economic update as part of
each day's agenda.
GBA Endorses Q2’s Virtual Banking
is pleased to announce its endorsement of the Q2 virtual banking
platform. The Q2 program consolidates all virtual banking options
onto one platform requiring only one interface to the core and
providing a unified user experience across all devices and channels.
See more about our new endorsed provider...
Federal Reserve News
Fed Tweaks Interest Rate Guidance
Federal Reserve Chairman Janet Yellen’s first meeting at the
helm of the Federal Reserve Open Markets Committee, the group made a
change to its interest rate guidance. For quite a while the guidance
had said unemployment of 6.5 percent was a threshold for considering
a change in short-term rates. However, with the current unemployment
number approaching that threshold, the Fed said it will evaluate
progress toward its economic objectives using a wide array of
More details here.
Atlanta Fed Releases Its 2013 Annual
“Where are the Jobs?”
Fed's annual report,
now available online, tells a vivid story of the 2013 labor
market. The report is an accessible and substantial exploration of
the most pressing economic issues of the day. It features a variety
of dynamic elements—including short, informative videos and
interactive charts—to shed light on the labor market.
Model Prepaid Card Fee Disclosures
that look similar to nutrition labels on food, the CFPB this week
unveiled to the public and kicked off a second round of field
testing of model disclosure forms for prepaid card products. The
models prominently display a card’s fees for monthly use and a
variety of activities. Fees for reloading cash, making purchases,
ATM use, inactivity, phone service and online bill pay all are
shown. The bureau will likely propose a rule about prepaid
disclosures later this spring.
See both designs here.
Meeting Session Spotlight
Emerging Issues for S
you’re a Sub S financial institution or considering becoming one,
you don’t want to miss this session at our 2014 Annual Meeting.
Michael Giammalvo, Crowe Horwath, LLP, Atlanta and Wells Hall,
Nelson Mullins Riley & Scarborough, Charlotte, NC, will cover the
emerging issues in the Sub S world. Topics to be covered include:
fiscal cliff income tax rate environment, the Affordable Care Act
Net Investment Income Tax, and the BASEL III impact on S
corporations and much more. You’ll also hear about recent IRS
pronouncements, case law and other tax planning ideas and
considerations for S corporation banks. GBA’s 2014
Annual Meeting is scheduled for June 15-18 at
The Greenbrier in White Sulphur Springs, WV. A complete
convention package will be mailed soon, but you can go ahead and
Dujenski Announces Retirement
Regional Director Tom Dujenski announced this week that he will
retire from the FDIC effective
May 3. Dujenski has held the Atlanta post since his appointment in
April 2010 and wraps up a 30-year career with the FDIC. We wish Tom
all the best, and appreciate his frequent participation in GBA
SBA Clarifies Waiver of Some 7(a)
Loan Fees for 2014
The U.S. Small Business Administration
this week added clarification to the qualifications of 7(a) loans of
$150,000 or less eligible for guaranty fee waivers.
See the clarification here...
Safety and Soundness Seminar - May 1
on the reduction in the number of bank closures as well as the
significant profitability in 2013, this banking crisis appears to be
coming to an end, but challenges remain. Karl Nelson and
Eric Nelson of KPN Consulting will lead this seminar. The
sessions will feature a panel of regulators comprised of
representatives from the Federal Reserve Bank, the OCC, the FDIC,
and the Georgia Department of Banking and Finance. The panel will
address each of the CAMELS issues. This seminar will be at the
Georgian Club in Atlanta May 1.
Please click here for more information.
If you have any questions, please contact GBA’s
Danielle Driggers at
DECA Seeks Volunteers to Judge and
Evaluate Students in Finance Related Events
DECA, the association of marketing students in high schools across
the country will host the International Career Development
Conference in Atlanta, bringing about 16,000 high school students
from around the country to the city. Hundreds of these students will
be competing in finance-related competitive events. You are invited
and encouraged to serve as a judge.
More details here...
Banker Volunteers at Shelter and
an Economic Briefing for Businesses
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
Bo Brannen and
GBA Associate Members may
sponsor GBA's Community
Connections feature to support our member banks' activities in
Georgia communities. Contact
David Oliver at
404.420.2036 for information.
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.
Compliance Peer Group
Southeastern Community Bank Symposium
Bank Security Conference
April 10 - 11
Deposit and Operations Compliance
Basic Lending Compliance, Two-day
April 16 - 17
Northwest Community Bank Symposium
Account Documentation and Compliance Seminar
Analyzing Financial Statements
Safety and Soundness Seminar
Georgia Banking School
May 4 - 9
Southern Operations & Technology School
May 4 - 9
Marketing Peer Group
2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV
Full GBA-U Calendar