Georgia Bankers Association - The Resource that Empowers

May 16, 2014


GBA Compensation and Benefits Survey Open with New Features


Learn About the Benefits of Bank Owned Life Insurance (BOLI) Programs from EBS

Executive Benefit Specialists, LLC (EBS) specializes in the placement and service of Bank Owned Life Insurance (BOLI) programs. These programs utilize BOLI to finance existing employee benefits, as well as to informally fund new or existing nonqualified executive benefit plans. EBS offers implementation and plan design services as well as administrative services. If you have BOLI now and need or want to consider a new service provider, EBS can assist you with compliance and reports essential for your bank, board and regulators. Contact EBS today to find out more about their BOLI programs...


GBA-Endorsed Vendor Risk Management Product Eliminates Stress

VendorPoint by Fortrex Technologies, is the market's first automated, turnkey vendor risk management solution. This cost-effective online service enables banks of any size to identify, measure, monitor and manage third-party risk based on FFIEC guidelines and design criteria established by leading financial services institutions. The system eliminates the stress, expense and complexity financial institutions face when meeting regulatory requirements. Click here to learn more...


Protect Your Human Capital and Your Bank with Employment Law Resources

Monitoring revisions and changes to labor laws that affect the banking industry can be a challenge. Your bank can stay ahead of the curve with help from GBA Strategic Partner Employment Law Compliance, Inc.
(ELC). ELC has a successful history of working with community banks of all sizes that may not have a large HR staff or

in-house employment counsel. The professionals at ELC average 25 years of experience in their field. ELC's entire staff is committed to designing and maintaining the best solutions and services to help your bank. For more information, please contact ELC's Steve Greene at 770.206.3371.


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BANKSTAT Management Reporting and Analysis Reports

Retirement, Pension and
401(k) Plans

Georgia Financial Directory

Thumbprint Signature Program

Pledging Pool


FDIC's Mike Dean Outlines Priorities

An improving Georgia bank environment, a return to all local exam teams and a specific list of risk focus areas were among the things Mike Dean, FDIC's new Acting Atlanta Regional Director, talked about with a large group of GBA members this week. "Events like these are good for me and our staff," Dean said. "The first thing I do afterward is review and relay what I hear from bankers to the staff," Dean said. Learn more about what Dean discussed in his address and Q&A with GBA members...


The Scoop from our D.C. Visits with Regulators and Congress

We've had some time to digest and review our notes about what we heard from the regulators and Georgia's Congressional delegation during our annual member trip to Washington, D.C., last week. Here are some of the highlights....


Important Mortgage Legislation Being Heard

During GBA's Washington Legislative Visit last week, the group discussed several important bills with the Georgia congressional delegation that are pending before the House Financial Services Committee. Among them were two bills we understand are expected to be voted on by the committee when the House returns from its Congressional recess next week. These two bills are H.R. 2673 and H.R. 4521. Find out more about these two important pieces of banking legislation...


DBF Issues Rules Proposals of Note for Banks

The Georgia Department of Banking and Finance is seeking comments on a variety of proposed rule adjustments that affect banks and other institutions it supervises. Comments are due June 9.
The proposed rules are available here. There are several proposals of interest to banks. Jerry Blanchard of the Bryan Cave law firm summarized them as follows for members...


Congratulations GBS and SOTS Graduates!

The 54th-annual Georgia Banking School wrapped up May 9 at the University of Georgia in Athens. There were 100 bankers in three classes participating in this year's school. Julie Nicholson (pictured below with GBA and Georgia Banking School officials), National Bank of Georgia, Gainesville, was this year's Graduate of Distinction. See the complete list of Banking School graduates and some scenes from the week here...


From left: Ernie Swift, Joe Nemetz, Darron Burnette,
Graduate of Distinction Julie Nicholson and Joe Brannen


For the third year, the Southern Operations and Technology School (SOTS) was held concurrently with the Georgia Banking School. Twenty bankers completed the two-year program and were recognized in ceremonies held at the conclusion of the school. Brittany Rye, Southwest Georgia Bank, Moultrie (pictured at right with SOTS director, Sandy Robinson), was named the 2014 SOTS Graduate of Distinction. See the complete list of SOTS graduates and some scenes from the week here...


Primary Elections Next Tuesday

Although there have been plenty of campaign ads around to make sure you're aware, GBA also wants to remind Georgia bankers that Georgia's primary election date is Tuesday, May 20. There are a number of contested seats at all levels of government on the ballot. With questions about elections in your area, see the Georgia Secretary of State Brian Kemp's My Voter Page or contact GBA's Elizabeth Chandler at 404.420.2027.


Sub. S Tax Issues Getting Attention

One of the issues GBA members talked a lot about in our meetings with regulators in Washington, D.C., was the Basel III capital conservation buffer's effects on the 62 Georgia banks that are Subchapter S institutions for tax purposes. Members brought it up in every meeting. The key point mentioned was that it's simply unfair to treat Sub S banks differently than C Corp banks. In a nutshell, if a Sub S bank falls below a certain capital level, Basel III will require regulators to first give approval before dividends can be made to shareholders to pay their taxes. There's no certainty that such approvals are forthcoming unless the proposed rules are changed. Learn more about what GBA is doing to help Sub S banks' voices be heard...


Georgia Bitcoin Company gets Big Brit Investor

British billionaire Richard Branson has invested $30 million in Atlanta-based Bitpay, a processor of the Bitcoin cryptocurrency. Bitpay processes $1 million a day worth of Bitcoin transactions. "BitPay has proven itself to process bitcoin safely and reliably, growing the market and increasing adoption, which continues to build trust, legitimacy and momentum in this exciting currency revolution," Branson said, according to a Business Insider report. The investment is an example of how Bitpay and many other Georgia-based payment companies continue to grow and cement the state's position as an international home for payment processing. Read more here...


Weigh in on Data Breach Impacts

Please take a few minutes to complete a short 10-question survey from the ABA about the effects on your bank of the Target data breach as well as your bank's experience with reimbursements for breaches during the past five years. One estimate says banks and credit unions reissued 21.8 million cards at a cost of $200 million. GBA and ABA will use the information in our public discussions about data protection and in forming policy approaches to the issue. The more banks that participate in the survey, the better armed we will be in fighting for your interests in the debate over payment system security. Access more information and a link to the Target data breach survey...


Director Session on Tap at Annual Meeting

If you're a Director, living with regulators, management and each other is not always easy. Join Walt Moeling and Jim McAlpin with Bryan Cave, LLP, Atlanta as they help you translate real world experiences into practice guidance and advice for structuring solutions to everyday problems for directors and management as well. It's one of many great breakout sessions coming up at GBA's 2014 Annual Meeting June 15-18 at The Greenbrier in White Sulphur Springs, WV. Click here to register. With questions about the Annual Meeting, please contact GBA's Susie McGehee at 404.420.2010.


ARMs vs. Escrow To Be Discussed at Leadership Conference

ARMs vs. Escrow: Which is Best for You? Don't miss this session at GBA's annual Leadership Conference. James Moore with Steve Powell & Company, Statesboro, will make a compelling argument for implementing adjustable rate mortgages in light of the new ability to repay (ATR) requirements and qualified mortgage (QM) rules. More details about the upcoming Leadership Conference...


Enter National Community Commitment Award Competition

Your bank can apply now to be recognized nationally for its community commitment efforts. The 2014 ABA Community Commitment Awards are open to banks of all sizes and charter, and banks can enter in one or all of seven categories...


American Mortgage Conference is Sept. 8-10

Georgia bankers may want to attend the annual American Mortgage Conference Sept. 8-10 in Raleigh, NC. The conference features national leaders in the mortgage industry, including representatives from the major GSE housing agencies, regulators, academic institutions and trade groups. Get details and see the agenda here...


Powerful Women in Banking Nominations Sought

Nominations are being sought for the annual 25 Most Powerful Women in Banking list. The ranking, selected by the editors of American Banker magazine, highlights the professional achievements of the industry's leading women and spotlights institutions that promote gender diversity in leadership. Banks of all sizes are invited to nominate one or more women with senior status within their organizations. The deadline for nominations is May 30; results are to be published in October.


Key GBA Event Reminders

Marketing Peer Group

May 20

Click here to register

Annual Meeting

June 15 - 18

Click here to register


Leadership Conference

July 20 - 22

Click here to register

Compliance Conference

Sept. 24 - 26

Click here to register

President/CEO Conference

Oct. 12 - 14

Click here to register

Bank Counsel Conference

Oct. 12 - 14

Click here to register

Bank Accountant Conference

Oct. 12 - 14

Click here to register

GBA Community Connections

GBA Members Support Local Schools, Work with Habitat for Humanity and Challenge Students to Serve Their Communities

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.



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.



Marketing Peer Group
May 20

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

Leadership Conference
July 20-23
Ponte Vedra, FL

Compliance Conference
Sept. 24 - 26

President/CEO Conference
Oct. 12 - 14

Bank Counsel Conference
Oct. 12 - 14

Bank Accountant Conference
Oct. 12 - 14


AIB Courses

Compliance Calendar

Lending Calendar

Ops/Tech Calendar

HR Calendar

Asset/Liability Calendar

Management Calendar

Security Calendar

Full GBA-U Calendar





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