Save up to 80 Percent on Office Supplies with
Office Depot Program
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
Get more details about how to save on office supplies here...
How to Get an
Effective, Compliant Overdraft Privilege Program
John M. Floyd and Associates
is the GBA endorsed provider of
the JMFA Overdraft Privilege® program. JMFA is a
performance-improvement and profitability consulting firm, and
the JMFA Overdraft Privilege® is a valuable non-discriminatory,
100-percent compliant automated overdraft program that
strengthens account holder satisfaction and raises market share.
link to additional information
about JMFA Overdraft
Privilege®. We encourage you and your bank to give John M. Floyd
and Associates an opportunity to evaluate your current overdraft
procedures or programs. And, we hope they'll get the opportunity
to earn your business should you feel their product is a good
fit for the bank and your customers. For more information please
JMFA's regional sales director, at
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Challenge to Interchange Rules Rejected
and the Federal Reserve last week won an important victory related
to debit card interchange rates. A Washington, D.C., Circuit Court
of Appeals overturned a lower court decision that would have
required even lower debit interchange fee caps. The court said the
Federal Reserve’s rule and current caps are a reasonable
interpretation of the Durbin Amendment to the Dodd-Frank Act.
More interchange details here...
Forward and Nominate a Fellow Banker to Join Your Committee
It's time to make sure our committees and boards are “staffed”
to continue their work for the upcoming GBA year. You can help to
ensure that volunteer committees and boards continue to be filled
with dedicated and forward-thinking volunteers by nominating a
fellow banker to become part of your committee, or to find a
colleague the perfect volunteer spot on another committee.
Find out how to nominate yourself or a co-worker...
Last Call for Southeast Georgia Community
Bank Symposium – April 3
still time to register for the
Southeast Georgia Community Bank Symposium coming up April 3 at
Forest Heights Country Club in Statesboro. You’ll hear industry
experts who will focus on the many issues facing financial
institutions today. Topics to be covered include a GBA regulatory and legislative update, a regulatory panel
discussion, smart balance sheet management, technology and banking
and much more. To register,
Two New Directors Join Insurance Trust and Retirement Services
of GBA Insurance Trust, Inc. and GBA Retirement Services, Inc. met
this week for their annual spring board meetings. Each board
welcomed a new member for their first meetings. Joining the
Insurance Trust board is Jackson McConnell, president and CEO
of Pinnacle Bank, Elberton, and joining the Retirement Services
board is Rick Drews, CEO of Century Bank of Georgia,
Cartersville. The Insurance Trust provides health, life, disability
and other benefits to the employees of over 200 member companies.
The Retirement Services Trust provides defined contribution 401k and
defined benefit administration to the employees of over 60 member
Signs Flood Bill
news this week on the Flood Insurance front. President Obama March
21 signed the flood insurance and affordability bill passed recently
by the U.S. House and Senate by wide, bipartisan margins. The law
reinstates lower rates for grandfathered
properties that were repealed under the 2012 Biggert-Waters law and
extends the effective date for new escrow rules required under
Biggert-Waters from July 6, 2014, to Jan. 1, 2016. GBA supported the
More flood information here...
Peer Group Talks Flood, UDAAP Trends
roomful of bank Compliance professionals gathered this week for the
GBA Compliance Peer Group meeting in Macon. “The morning review of
the current and proposed Flood Rules along with UDAAP expectations
was very informative. The afternoon peer group exchange was very
helpful to explore different compliance options with different
products,” said Brian O’Quinn, AVP/compliance officer, First
National Bank of Griffin.
Read more about the peer group meeting...
Mobile Banking Use Skyrockets
continue to expand their use of mobile devices for basic banking
transactions, according to the Federal Reserve Board's latest report
on the use of mobile financial services. As of December 2013, 33
percent of all mobile phone users and 51 percent of smartphone users
had used mobile banking in the past 12 months. This is an increase
from 28 percent in December 2012 for mobile phone users and 48
percent for smartphone users.
More mobile stats here...
Justice to Tell His Story of The Greenbrier at Annual Meeting
When Jim Justice bought
the Greenbrier in dramatic fashion in May, 2009, snatching it out of
bankruptcy, it made national news. The story
since then, of how a coal miner returned the legendary resort to
near-profitability in 18 months, with record occupancy rates, a PGA
golf tournament and even a casino, is partly a story about daring,
financial risk and business vision. Come
hear Jim share his story of how he plotted the coup of an
“unimaginable” opportunity to own an American icon and, as an
Appalachian to the bone, a chance to rescue his little swath of the
nation. GBA’s 2014
Annual Meeting is
scheduled for June 15-18 at
The Greenbrier in
White Sulphur Springs, WV.
More details here...
Rule Takes Effect April 1
The OCC this
week reminded banks it supervises that provisions of the final
Volcker Rule component of the Dodd-Frank Act take effect April 1.
The final regulations prohibit certain short-term proprietary
trading activities, limit hedge-fund investments and institute a
number of other measures. Bank activities
and investments should conform to the requirements of the final
regulations by the end of the conformance period, which the FRB has
extended to July 21, 2015. Depending on the size of the institution
and the types of activities it is involved in, there are varying
compliance and reporting requirements. Community banks with $10
billion in assets or less are subject to a simplified compliance
Read the full OCC Bulletin here.
Court Ruling on
Severance Payments Affects All
Court reversed a lower court decision Tuesday, March 25, holding
that severance payments are subject to the Federal Insurance
Contributions Act (FICA) tax. This eliminates any differences in the
taxation of severance payments for social security and income tax,
says a tax update bulletin shared with us by GBA Associate Member
Porter Keadle Moore, LLC.
More details here...
Forgetfulness Flags Fraud
criminals compromise accounts and complete fraudulent transactions
in many different ways. Sophisticated schemes that use advanced
malware get a lot of the press. But fraudsters continue to
successfully compromise accounts and steal money with relatively
simple, human-engineered attacks as well,
as exemplified by the
scheme described in this article by Craig Priess, founder and
VP, of GBA Associate Member Guardian Analytics.
Smart Balance Sheet Management on
Agenda for Northwest Community Bank Symposium – April 23
Join Rob Cochran, CFO of
BrandBank, Atlanta, at the
Northwest Georgia Community Bank Symposium as he provides us
with primer on the valid and sensible use of hedging and
derivatives. What fits for community banks? He’ll also provide tips
on dealing with unrealized bond losses and provide smart strategies
to prepare for rising rates. This event is April 23 at Berry
College in Rome. To register,
Keynote Speaker to
Banking School, SOTS Students
Everyone’s Business – Especially the Rising
Sunday, May 4, more than 100 first year and
Banking School and Southern Operations and
students will arrive in Athens for an intensive
week of coursework, classroom challenges, and
management simulation exercises – all with the
goal of returning to their banks better bankers
and emerging leaders. Kicking off its 53rd
on-campus session, the Georgia Banking School
will convene with a keynote address by Jeff
Rendel, a former federal regulator,
financial executive and Congressional lobbyist.
Rendel will explain that strategic planning –
and its execution – is not set aside exclusively
for the CEO's office and the board room. Every
budding executive’s participation level in and
contribution to strategic planning will differ,
yet everyone’s involvement is necessary for the
organization’s success. Shouldn’t you or one
of your bankers be there? Click
here for registration access...
GBA 2014 Bank Security
Conference April 10-11, Savannah
Technology to Help Your Bank Stay Ahead
Ricky Robertson, director of Security at
Community & Southern Bank in Chatsworth, and Pete
Stuart, director of Employee Security at State Bank & Trust
in Macon, will wrap up GBA’s 2014 Bank Security Conference
with a session about the benefits of
establishing a solid case management program.
Running, Shredding and Helping the Homeless
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
GBA Associate Members may
sponsor GBA's Community
Connections feature to support our member banks' activities in
Georgia communities. Contact
404.420.2036 for information.
Read about all the Georgia Bankers making news this week...
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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.
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.
Southeast Georgia 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