Georgia Bankers in D.C. This Week
The state’s banking industry was well represented this week at the American
Bankers Association Government Relations Summit in Washington, D.C. Several
Past GBA Chairmen were part of the group; Dan Blanton, South State
Bank, Stan Kryder, First Landmark Bank, Jim Edwards, United
Bank, and Jimmy Burnsed, South State Bank. Also representing Georgia
were Chris Bond, Lucas Cowart and Roger Miller from
Morris Bank. Our group met with several members of the Georgia Congressional
delegation, including Reps. Rick Allen (R-GA12), Drew Ferguson
(R-GA3), Barry Loudermilk (R-GA11), and David Scott (D-GA13).
Keynote speakers during the summit included Senate Banking Committee Ranking
Member Sherrod Brown (D-OH), Sen. Mike Rounds (R-SD), top
White House economist Mark Calabria, House Financial Services
Committee Chairman Jeb Hensarling (R-TX) and House Majority Whip
Steve Scalise (R-LA).
State House and Senate Salute GBA’s 125th Year
On Sept. 14 GBA will mark its 125th anniversary of serving Georgia’s banks
and our state. As a good kickoff to our anniversary activities, the Georgia
House of Representatives and Senate passed resolutions this week honoring
GBA and recognizing the contributions of our state’s banks to the benefit of
all Georgians. “Whereas, because of the inseparable link between the success
of the banking industry in Georgia and the success of Georgia's communities,
businesses, and families, it is fitting and proper to recognize the
contributions of the Georgia Bankers Association and its member banks and
bankers,” says one clause of the resolutions. Our gratitude goes out to Sen.
(R-Brunswick) and Rep. Greg Morris
being the lead sponsors of the resolutions in their respective chambers.
HR 648 here
SR 455 here...
Regional FDIC Briefs GBA, Others
GBA was among the industry groups this week attending a briefing about
banking conditions presented by the FDIC’s Atlanta Region staff. The meeting
included an overview of the region’s economic and banking performance and
also covered consumer affairs, risk management, compliance and ombudsman
issues of note. We appreciate FDIC Regional Director Mike Dean
Deputy Regional Director John Henrie
, Deputy Regional Director
, Regional Consumer Affairs Manager Tom Stokes
Division of Insurance and Research Regional Manager Ron Sims
Ombudsman Edye Fulcher
for hosting and presenting.
Click here for complete covereage of FDIC's briefing...
Durbin Amendment Repeal Gets Push from Georgia Banks, Others
A strongly-worded letter last week signed by 739 banks and 49 state bankers
associations urged U.S. House members to repeal the Durbin Amendment to the
Dodd-Frank Act that set artificial price caps on debit-card interchange
rates. Eighteen Georgia banks and the Georgia Bankers Association were among
the letter’s signatories. The letter outlines how the promise of consumer
savings by retailers has gone unfulfilled.
Click here for more details about what was included in the interchange
comment letter ...
Loudermilk among Opponents of OCC’s Rush to FinTech Charter
The OCC last week
announced it will proceed
with its plan for a special purpose
federal bank charter for financial technology (fintech) firms. The OCC’s
process for the special fintech charter drew criticism on many fronts for
not allowing adequate time or detailed feedback about the concept. In
particular, a group of 34 House Financial Services Committee members
including U.S. Rep. Barry Loudermilk
(R-GA11) wrote to the OCC urging
more deliberation. The OCC will accept comments on its supplement to the
Licensing Manual document through close of business April 14. Comments
should be submitted to
Click here for an excerpt and link to the complete comment letter to OCC…
Last call! Basic Compliance Seminars – March 28-30
There’s still time to register for back-to-back seminars on compliance
basics with Steve Moore, Bank Compliance Services, March 28-30 at
Middle Georgia State University in Macon. Whether you’re new to compliance
or just need a refresher on essential regulations, one or both of these
seminars will benefit you. See below for more information:
Basic Lending Compliance
- Basic consumer lending rules,
common problem areas and more with extensive Q&A opportunities and
several real-world lending compliance reviews.
Deposit Insurance Fund Reserve Ratio Expected to Meet Mandate in 2018
The FDIC’s Deposit Insurance Fund reserve ratio is expected to meet the
mandated 1.35 percent level faster than required by the Dodd-Frank Act. FDIC
Chairman Martin Gruenberg
said this week that the fund will reach
1.35 percent by 2018, well ahead of the law’s deadline of Sept. 20, 2020.
“By meeting this target earlier than the mandate, we reduce the risk that
the FDIC will have to raise deposit insurance assessment rates unexpectedly
in the event of a future period of stress and help ensure stable and
predictable assessments,” he said.
Read more here...
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Bank Security Conference, April 6-7, Jekyll Island
Bank Security Pros to Discuss ISO Role Best Practices
Bank Security Conference
coming up April 6-7 at the Westin Jekyll Island will wrap up with a
session led by veteran bank security professionals Ricky Robertson
corporate security officer, Atlantic Capital Bank
, and Pete
, director of employee security at State Bank & Trust
. It’s the type of peer-sharing session that always is a hit,
so don’t miss out.
to see the
complete agenda, hotel information, and online registration. Contact
Employment Record Set, Unemployment Falls
Georgia’s environment for jobs continues to show strength according to the
latest report from the Georgia Department of Labor. “Our unemployment rate
fell as Georgia set new record highs for the number of people employed and
for the size of our labor force, which crossed the five-million mark for the
first time,” said State Labor Commissioner Mark Butler
employers continued to create jobs at a strong pace and we saw a significant
drop in the number of new layoffs.” Unemployment fell to 5.3 percent in
February, and the 2.6 percent year-over-year growth rate in jobs continues
to outpace the national growth rate of 1.6 percent.
Get more details here...
Loan Documentation Seminar – April 13
Techniques to Prevent Loan Losses
seminar April 13 at Idle Hour Country Club in
Macon is designed to help your bank avoid unnecessary losses through the
implementation of proper loan structuring and documentation techniques.
Commercial loan officers, commercial loan personnel, loan assistants and
closing specialists will all benefit from this seminar. Register by April 5
for the early-bird price of $225 per person.
Click here to register online
. Please contact GBA's
at 404.420.2021 with questions.
New Account Documentation & Compliance Seminar – April 20
The Ins-and-Outs of Managing Risk When Opening New Accounts
All customer contact personnel, supervisors and officers whose
responsibilities include opening or managing new accounts and certificates
of deposit will benefit from attending GBA’s
New Account Documentation & Compliance
seminar April 20 at Idle Hour
Country Club in Macon. Attendees will receive the seminar manual customized
to Georgia state law and are strongly encouraged to bring a copy of their
institutions’ signature cards and account agreement. Register by April 12
for the early-bird price of $225.
Click here to register online...
Cash Flow Analysis Seminar – April 27
Improve the Quality of Your Credit Decisions
Join Peter Faser
of SunTrust Robinson Humphrey
introduction and practical approach to
Cash Flow Analysis
April 27 at Idle Hour Country Club in Macon.
Faser will assist participants in understanding how to craft a statement of
cash flows and increase the understanding of how a potential borrower will
repay a loan. Basic knowledge of accounting is suggested but not required.
Participants will learn to…
Georgia Banking School and Advanced Compliance School, May 7-12, Athens
Enrollment for GBA Schools Still Open But April 14 Deadline Nearing
We are getting excited about welcoming our new students to this year’s
Georgia Banking School
and Advanced Compliance School
Athens this May. The Class of 2019 continues to grow for both schools, with
about 30 in each class so far. There is still time to enroll a student from
your bank, but don’t delay. The enrollment deadline for both schools is
Friday, April 14.
for all the information you’ll need to register. If you
have questions about Banking School or Advanced Compliance School, contact
Lee Wetherington to Hack the Hyperbole at Annual Meeting
The headlines are screaming. Fintechs are disrupting banks! Branches are
going away! Millinnials and Gen Y hate banks more than dentists! Wrong.
Wrong. Wrong. The hype cycles distorting developments in technology and
shifts in demographics can lead a bank astray strategically, says the latest
addition to our Annual Meeting program lineup, Lee Wetheringto
Jack Henry & Associates
, Valdosta. Falling victim to hyperbole that
hardens into “conventional wisdom” can do real damage to banks navigating
the future of financial services. He’ll hack the hyperbole and help us think
about the truths about fintechs, consumer demographics and branch
transformation. A complete Annual Meeting package will be mailed in the
coming weeks but you can go ahead and
register online now...
Save Big on Office Supplies with Office Depot Program
Join a growing number of GBA member banks, Associate Members, Bank Counsel
Section members and employees of those companies that are saving big on
their office supplies by participating in the GBA
Office Depot Group Purchasing Program
. Get discounts up to 80
percent off MSLP on a core list of 350+ frequently ordered, deeply
discounted products featuring many high use commodity items. Plus, choose 75
additional items customized to your company that will get steep discounts.
There’s no cost to sign up, and as an Office Depot customer you will have
access to Office Depot's exclusive Business Services Division website,
strategic brand name partnerships, multi-billion dollar buying power, and
ease in economizing your operations. Enjoy customer service from Office
Depot that is unmatched in the industry. For more information, please
contact Office Depot's
Three Tips To Optimize Your Consumer And Business Check Programs
Which techniques are working for your bank to optimize the profitability of
its consumer and business check programs? Many banks are finding success by
building online capabilities into account offerings, allowing customers to
pay bills, deposit and transfer funds, and monitor balances all without ever
having to touch a single piece of paper. Remember, it pays to pursue every
route when optimizing check program profitability Here are some tips from
, a GBA Strategic Partner,
to implement at your financial institution…
Deadline is March 31!
Looking for an Opportunity to Volunteer at GBA?
More than 225 bankers volunteer each year to serve on a GBA committee or
board. These volunteers are the experts and leaders who help GBA and its
members adapt to the changing political, regulatory and educational needs of
today’s banking environment. Not sure where you might fit?
to read more about GBA’s committees and boards and their
roles. Or, if you know of someone who may want to get more involved, you can
nominate someone -
. The nominations and volunteer deadline is Friday, March
31. Contact GBA’s
with questions at 404.420.2024.
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
Here is a sample of upcoming offerings
. Check the GBA-U Calendar of
for more details.
GBA Job Bank
New Postitions in Information Security, Loan Operations, Human Resources and
GBA Job Bank
is among the most popular and valuable benefits we
provide to member banks and bankers. The
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
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
, or if your company would like to sponsor this content,
let us know.
Here's our latest installment…
Bobby Voyles, at right, with his wife Caroline and BankSouth chairman and
CEO Harold Reynolds
Phillip Jackson and Brandon Haney accepted the Business ofthe Quarter award
Oconee State Bank
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
David Oliver and Bogan Brannen