Georgia Bankers Association - The Resource that Empowers

March 28, 2014


Save up to 80 Percent 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. 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. Here's a 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 contact Waid Thompson, JMFA's regional sales director, at 888.345.8639.

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Retailer Challenge to Interchange Rules Rejected

Banks 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...


GBA Committee Members

Pass it 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

There’s 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, click here.


Two New Directors Join Insurance Trust and Retirement Services Boards

The Boards 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 companies.



President Signs Flood Bill

There’s good 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 legislation. More flood information here...


Compliance Peer Group Talks Flood, UDAAP Trends

A 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

Consumers 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...


Owner Jim 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...


Volcker 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 program.  Read the full OCC Bulletin here.


Tax Update

Supreme Court Ruling on
Severance Payments Affects All

The Supreme 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...


Password Scam

Fake Forgetfulness Flags Fraud

Cyber 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, click here.


Keynote Speaker to Banking School, SOTS Students

“Strategy is Everyone’s Business – Especially the Rising Executive’s”  

On Sunday, May 4, more than 100 first year and returning Georgia Banking School and Southern Operations and Technology School 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 of Fraud
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. Register here...


Key GBA Event Reminders

Southeastern Community Bank Symposium

April 3

Click here to register

Bank Security Conference

April 10-11

Click here to register

Northwest Community Bank Symposium

April 23

Click here to register

Georgia Banking School

May 4 - 9

Click here to register

Southern Operations & Technology School

May 4 - 9

Click here to register


2014 Annual Meeting

June 15 - 18

Click here to register


GBA Community Connections

Bankers Running, Shredding and Helping the Homeless

Click here to read about the 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 David Oliver.


Sponsorship Available: 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.




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.


Last Call
Southeast Georgia Community Bank Symposium
April 3

Bank Security Conference

Business Continuity Planning
April 10 - 11

Deposit and Operations Compliance Seminar
April 15

Basic Lending Compliance, Two-day Seminar
April 16 - 17

Northwest Community Bank Symposium
April 23


New Account Documentation and Compliance Seminar

April 24

Analyzing Financial Statements Seminar
April 30

Safety and Soundness Seminar
May 1

Georgia Banking School
May 4 - 9

Southern Operations & Technology School
May 4 - 9

Marketing Peer Group
May 20


2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV


AIB Courses

Compliance Calendar

Lending Calendar

Ops/Tech Calendar

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Asset/Liability Calendar

Management Calendar

Security Calendar

Full GBA-U Calendar

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