May 20, 2016          

Overtime Exemption Rules Finalized

The Department of Labor issued new final overtime exemption regulations this week. The final standards are similar to what the government proposed last summer, says Steve Greene of GBA Strategic Partner Employment Law Compliance (ELC). Here’s a quick rundown provided by ELC...

Suit Against Home Depot for Data Breach to Continue

A Georgia Federal judge ruled Wednesday that most of the claims brought against Home Depot in a suit filed by 50 banks and 17 credit union associations related to its 2014 data breach can remain. Home Depot had sought to dismiss the suit on a wide variety of claims. “U.S. District Judge Thomas W. Thrash Jr. found that the suing financial institutions had pled actual injuries enough to give them standing and declined the hardware retailer’s request to toss the proposed group’s allegations of negligence and state consumer protection law violations,” said an article about the ruling on the Law360 website. It’s a lengthy ruling we and others are still reviewing. Look for more details soon. Here’s link to a copy of Judge Thrash’s order...

Meet GBA’s New Board Members

GBA will have a slate of new board members whose terms begin at the 2016 Annual Meeting coming up June 12-15 in Austin, TX. Member CEOs in GBA’s odd-numbered groups have voted on their group’s board nominee and the bankers who will join the GBA Board at the Annual Meeting for a two-year term from those groups are...

GBA D.C. Visit Download

We’ve had time to review our notes and think more about what we heard from the regulators and Georgia’s Congressional delegation during our annual member trip to Washington, D.C., last week. It was another packed agenda, and our conversations and suggestions were well received. "I make it a priority to attend this trip as it is one of our best opportunities to hear from, and express our concerns and challenges to senior regulatory officials and our elected representatives on their turf. Having our collective voice heard is critical," said GBA Chairman Elect Rick Drews, CEO, Century Bank of Georgia, Cartersville. You can read a full overview of the discussions here, including specific examples we shared, quotes from GBA members and details about what regulators said

Senate Ag Committee Homes in on Farm Credit

The U.S. Senate Agriculture Committee held a hearing Thursday focused on the Farm Credit system. Georgia Sen. David Perdue is on the committee, and in a meeting with him last week in Washington, bankers shared specific concerns about the ongoing competitive advantage Farm Credit lenders enjoy through their tax exemptions. Read more about what was covered in the committee meeting here...

Georgia Reps Weigh In at Arbitration Hearing

A U.S. House Financial Services Subcommittee held a hearing this week on a proposal from the CFPB that would essentially ban arbitration clauses in consumer contracts. Georgia Reps. Lynn Westmoreland (R-GA 3) and David Scott (D-GA 13) both asked penetrating questions of the witnesses. Read about what the representatives from Georgia on the subcommittee were interested in learning here...

Bank CEO Steve Jordan on why Leadership Conference Matters

Leadership GBA’s annual Leadership Conference is July 18-21 at the Ponte Vedra Inn & Club. Ponte Vedra, FL. Steve Jordan, President and CEO of the Bank of Monticello recently shared his thoughts on the benefits Leadership GBA:
“I became involved in Leadership GBA (then called Young Bankers) in the early 1980s. As I look back over my 44 years in banking, Leadership GBA was invaluable to me as a resource for so many different things. The biggest benefit to me professionally and personally was the friendships I developed in those early years of Leadership GBA. Those friendships not only allowed me to grow personally but also gave me the opportunity to share ideas as my career progressed. I hope the young bankers in Georgia are allowed to take advantage of the resources that Leadership GBA offers. It will be one of the best investments their bank makes. The Leadership Conference and Leadership Roundtables will help them to develop into great leaders of this rewarding industry.”
Register online here. With questions about the conference or Leadership GBA in general, please contact GBA’s Susie McGehee at 404.420.2010.

Annual Meeting Mobile Website Now Available

Once again, the 2016 Annual Meeting is going digital! Attendees received their confirmation packet by email. And, back by popular demand, we’ve created a mobile website that you can access on your phone or tablet. The website includes all the material you received by email, plus more. Once you’re onsite at the Marriott, you’ll also have access to speaker presentations electronically. We hope you find this tool useful. Instructions on how to add the website to your phone or tablet’s home screen are being emailed soon. If you do not receive the email or if you have any questions about the mobile website, contact GBA’s Bo Brannen, David Oliver or Susie McGehee. Our thanks to Dixon Hughes Goodman for sponsoring the mobile site. The Annual Meeting is scheduled for June 12-15 at the JW Marriott in Austin, TX. With questions about the GBA Annual Meeting, please contact GBA’s Susie at 404.420.2010.

Guidance on Reconciling Deposit Discrepancies

Bank regulators this week put out a set of guidelines they expect banks to follow for preventing or quickly reconciling any discrepancies between the actual money credited to accounts and the total amount deposited by customers. These differences can be the result of inaccuracies or errors on a deposit slip, encoding errors and image capture errors, among other things. The agencies want to make sure customers are not harmed when discrepancies occur. Read the guidance here...
Shannon Fortson and Luke Lanier recognize Paul Eason, far right, for his service to GBA's community of Ag bankers

Annual Rural Development and Lending Conference Held This Week

GBA’s 2016 Rural Development and Lending Conference concluded Tuesday. The conference brought 50 Georgia lenders and executives together at the King and Prince on St. Simons. Sessions focused on the rural Georgia economic forecast, a Farm Bill update, a panel discussion about loan guarantee programs, a regulatory discussion and the outlook for Georgia’s agriculture sector. Another highlight was a special presentation by the GBA Agriculture Committee, which sponsors the conference, to long-time committee member Paul Eason, CEO of Tippins Bank, who is retiring from banking in July. Shannon Fortson, Pinnacle Bank in Elberton, chairs the committee, and Luke Lanier, Metter Bank, a division of Durden Banking Co., is vice chair. With questions, contact Kathy Friestad, 404.420.2024.

John Hyche of Level5

Marketing Peer Group Meets

What’s Up With Millennials and How Does the New Branch Look?

Georgia Bank marketing pros focused on the future at their Marketing Peer Group Meeting this week. Drew Mobley of FIS Global led the first session of day with fresh research about consumer banking expectations and how well banks are meeting those needs. Next up was John Hyche with Level5 about the branch of the future. His presentation examined blending physical, virtual and self-service channels into a cohesive, seamless customer experience. Websites, for example, have moved from being digital brochures to being considered cyber branches. See more highlights from the meeting here. Thanks to the Marketing Committee for their work in helping plan the meeting. If you would like to volunteer for the Marketing Committee or learn more about the Marketing Peer Group, please contact David Oliver, 404.420.2036, or Alison Moreau, 404.420.2034.

Consumer Real Estate Lending for Small Banks Seminar - June 2

How to Offer Consumer Real Estate Loans in Today’s Regulatory Environment

What are the financial and operational considerations as well as the regulatory challenges of consumer real estate lending by small banks? Find out by attending GBA’s new Consumer Real Estate Lending for Small Banks seminar with Steve Moore, Bank Compliance Services June 2 at Idle Hour Country Club in Macon. The following topics will be covered...

Third-Party Provider Management - June 21

Compliance and vendor management personnel should mark their calendars for GBA's next Compliance Peer Group meeting June 21 in Macon. Tom Hinkle, vice president of Compliance Services, Safe Systems, and Ken Proctor, managing director for RISC Solutions/FIS Global, will discuss Third-Party Provider Management explaining the steps to adequately mitigate the rick as well as what a bank should examine to determine the risk. Anthony Womack, FDIC, will join the speakers for a Q&A panel in the afternoon. Here's a detailed agenda. The meeting is from 10 a.m. to 3 p.m. at Idle Hour Country Club, 251 Idle Hour Drive, Macon, 31210. The price is $125 per person. Click here to register. Contact Alison Moreau by email or at 404.420.2034 with questions.

Mark Your Calendars!

GBA 2016 Compliance Conference - Sept. 14-16

Calling all compliance professionals! GBA’s Compliance Committee will host its annual Compliance Conference Sept. 14-16 at Middle Georgia State University in Macon. The conference will feature a full day of compliance risk management content and a day and a half of loan compliance content. Registrants will once again have the option to register for the full conference, to attend just the first day, or the second and third days, depending on their educational need. Topics for this year’s conference will include evolving deposit products; social media & advertising compliance; UDAAP; BSA; Reg E; a regulatory panel; an update from ABA/Washington; CRA; flood insurance requirements; MILA; HMDA; risk management; board reporting and change management. Watch upcoming Bulletins for details on sessions and presenters. Click here to register online...

GBA-U Webinars

Prepaid Card Rules, Participations, Incentive Tips and More

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 GBA's Katina Prokos at 404.420.2021. Here is a sample of upcoming offerings. Check the GBA-U Calendar of Events at for more details.

Accounting and Lending Courses Coming Up

Instructor-led ABA online courses have weekly assignments as well as midterm and final exams. All you need is a computer, printer and Internet access. Please register two weeks in advance to secure a "seat." For more information, contact Alison Moreau, 404.420.2034. Click here for a list ABA instructor-led courses for June…

The GBA Job Bank Gets Results

The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available 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 contact GBA’s Kenyetta Parks at 404.420.2035.

Discounts Available for DOR Approved E-Titling Provided by DDI

Decision Dynamics, Inc. (DDI) is GBA's preferred provider of the Premier eTitleLien™ product, a leading web-based computer program that enables lienholders to exchange lien and title information with the Georgia Department of Revenue Motor Vehicle Division thus eliminating the need to obtain paper titles for vehicle and mobile home collateral management. DDI is now also offering volume discounts on pricing. For volumes over 10 titles per month, the per-unit price drops significantly. And now, there is no software to install, nothing to purchase and no support charges or training fees. For more information, please contact DDI's Ann Gunning at 803.808.0117.

GBA Compensation and Benefits Survey - First Deadline Approaching

There is still time to participate in the GBA Compensation and Benefits Survey. Don't delay, though. The deadline to participate in the Salary Trends, Benefits and Directors Compensation (non-salary) portion is Tuesday, May 31. If you haven’t already, please go ahead and visit the GBA Compensation and Benefits Survey Website for details and instructions. If you have questions or comments, please contact either GBA’s Kenyetta Parks, 404.420.2035, or Randy McGraw at Matthews, Young - Management Consulting, 919.644.6962.

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. 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 Bo Brannen and David Oliver. Here's our latest installment...

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.