Status of Important Banking Cases for
Compensation and Benefits Survey Open with New Features
Underway with New ACA Section, New and Updated Job Titles
Member banks can
start participating in the annual GBA Compensation and Benefits
Survey. It's the ultimate resource for Georgia's banks for guiding
strong, competitive compensation and benefit programs. For this
year's survey, we're doing a one-time special section about the
Affordable Care Act based on feedback from our members. So, you'll
find all the same compensation-related questions, but instead of the
usual benefits specific questions, there is a special link to and ACA survey developed by
Mathews, Young - Consulting. There are also nine new job
titles surveyed, as well as 10 updated or adjusted titles.
more about the improved survey and get started today...
American Bankers Mutual Insurance Gives Peace of Mind
The ABA Insurance Program
(ABAIS) has provided GBA members peace of mind for years through
its directors & officers liability, financial institution bond,
Internet banking liability, employment practices liability and other
related insurance products. ABA Insurance Services works closely
with agents and brokers whether they have a sizable financial
institution book of business or simply write policies for their
local community bank.
Read more about the ABA
Insurance program here...
Find a job, post a job
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Deal Signs Bill Clarifying Certain Fees Are Not Interest
behalf of the GBA membership, GBA Chairman Stan Kryder of
Midtown Bank & Trust, Atlanta, and Vice Chairman Remer
Brinson of First Bank of Georgia, Augusta, had the
opportunity this week to thank Gov. Nathan Deal for signing
H.B. 824 and
H.B. 809, GBA's two priority bills.
The governor signed H.B. 824 Tuesday and
H.B. 809 last week, as we
reported. "We were pleased to be able to thank Gov. Deal in person
for his support of public policies that foster a healthy and
competitive banking industry in Georgia. These two bills are just
the most recent tangible examples of his longstanding commitment to
and understanding of the roles banks play in the state's economy to
create jobs and improve the lives of our citizens," Kryder said.
Familiarize yourself with these two important Bills from this year's
Call for Input on GBA Visits with Congress, Agencies in D.C.
us know as soon as possible if you have an issue you'd like to make
sure we address with the Georgia Congressional delegation or
regulatory agency representatives during the annual GBA member visit
to Washington, D.C. We'll be there Tuesday through Thursday of next
week with bankers representing the GBA Board of Directors, Public
Affairs Committee and BankPAC Board. Email
Elizabeth Chandler, GBA's SVP - Government Relations,
with any items you'd like us to cover. Look for a report about the
visit in next week's GBA Bulletin, and follow GBA on Twitter
@GABankers to get quick notes from our various meetings.
Us for Lunch with New Acting FDIC Regional Director - May 12
The Georgia Bankers Association is hosting a lunch
bankers, directors, bank counsel and others to meet recently named
acting FDIC Atlanta Regional Director, Michael J. Dean. The
lunch is Monday, May 12, at the Renaissance Waverly
Hotel, Atlanta. Take advantage of the opportunity to come hear
views of Georgia and how he will be approaching his new role.
To register for the lunch, please click here.
We are asking those attending pay $59 to help
defray the costs of hosting the lunch. With questions about the
meeting, please contact GBA's
Currency Guidance for Consumers Issued
currency such as Bitcoin is getting a lot of interest and attention
these days. The Georgia Department of Banking and Finance
has issued guidance that gives consumers information
about virtual currency and factors consumers should consider when
transacting with or investing in virtual currency. Specifically,
the guidance encourages consumers to consider the following before
investing in virtual currency...
Breakout Session Spotlight
about the Money: Why Family Businesses are Different
often, families in business find themselves in trouble due to lack
of communication and understanding of specific relational
interactions. Professionals working for, and with, family businesses are exposed to these dynamics. All too often they do not
have the tools to understand the deeper roots of those arguments.
Dr. Gaia Marchisio,
Associate Professor of Management,
Coles College of Business, Kennesaw State University, will
introduce you to the complicated emotional world of family business
and take an interactive approach to showing how old family dynamics
might play a fundamental role in current business-related decisions.
Learn more about this breakout session and every detail about
this great event on our Annual Meeting website...
Georgia Banks in top 100
for Return on Average Equity
Congratulations to the bankers at six Georgia banks for being among
the top 100 Community Banks based on Returns on Average Equity in
2013, as reported by American Banker.
The rankings and
Georgia Banking Update Available
the May edition of GBA's Georgia Banking Update. This version of our
regular overview of our state's industry includes new information
about key national legislative and regulatory issues as well as a
roundup of the important state legislation passed, defeated or
monitored during the recent Georgia General Assembly session. It
also has statistics about the performance of Georgia's banks,
homeowner assistance efforts, the effects of the tax exemption for
credit unions, and foreclosures in Georgia.
Click here to read the Georgia Banking Update...
Rules Get Proposed Tweaks from CFPB
mechanism to ensure qualified mortgage (QM) status when lenders
inadvertently charge fees and points that exceed the 3 percent cap
and clarification of certain non-profit exemptions are among
proposed mortgage rule changes from the CFPB this week. The refund
proposal would allow a lender that
intends to originate a QM but that later finds that points and fees
exceeded the 3 percent cap to refund the excess within 120 days to
maintain the legal protections afforded to QMs. There are two
proposed changes that would apply to Ability-to-Repay and servicing
requirements to help certain nonprofit organizations, such as
Habitat for Humanity, continue to provide mortgage credit and
servicing to underserved populations.
See the details and access the proposals here...
Leadership Conference Coming Up
July 20 - 23
and Driving Your Bank's Future Business Plan
Elaine Demarest, president, Demarest Strategy Group,
at the 2014
Leadership Conference as she brainstorms about what comes
next for Georgia banks. The future can and will be bright if the
right choices are made now.
A few topics she'll cover include...The conference
is July 20-23 at
Ponte Vedra Inn & Club in Ponte Vedra, FL. The Leadership GBA
Executive Committee has
great program that promises to be timely and educational. GBA has reserved a block of rooms at the
Ponte Vedra Inn at a reduced rate of $219 to $235 per night.
by calling the hotel directly at
888.839.9145. Be sure to say you are with the GBA to receive
this special rate. The cut-off date for reservations is June 17.
Brochures will be mailed in the coming weeks,
but you can register now. With questions about the conference or
Leadership GBA in general, please contact GBA's
Susie McGehee at 404.420.2010.
Retirement Plans Announce First Quarter 2014 Investment Results
first quarter was a volatile time in the overall stock market, most
of the funds in the GBA Master Trust ended with positive results.
For GBA Retirement plan participants, the investment returns of
Reliance Trust Company, performed well against major
market indexes and other competitive funds and models.
Please refer to the latest update for detailed returns on the
LifeStylesSM models and individual mutual funds
offered. The LifeStylesSM portfolios
are a great way to ensure participants are well diversified and to
allow participants to make investment decisions in a simplified way.
Learn more about GBA Retirement Services here...
Protect Your Online Domain Name
heard from a member recently about a fraudulent attempt to get the
bank to pay to protect its rights to an online domain name. Be aware
that these scams are out there, and take great care to authenticate
any communication from those claiming to be official registration
firms or intellectual property agencies of U.S. or foreign
governments. Don't click directly on any links in such emails, and
one way to check if an organization is an official intellectual
property entity is to
cross-reference it against this official list provided by the
World Intellectual Property Organization.
Read even more tips here,
provided as a service to members by GBA Strategic Partner
Financial Marketing Solutions...
for Vishing Attacks on Customers
of a number of mid-size banks have been the recent target of vishing
(Voice-Over-IP phishing) attacks, according to cybersecurity firm
PhishLabs. In an attack in late April, customers of
a mid-size bank received SMS text messages claiming their debit card
was deactivated and requesting they provide the card and PIN numbers
to reactivate it, the company said on a blog post. PhishLabs
investigated the attack and found a cache of stolen payment card
data belonging to customers of dozens of mid-size banks, and thieves
may have stolen data of up to 250 cards a day for a number of
More about vishing here...
for Remaining Independent Outlined
week brought news of two merger and acquisition deals involving
Georgia banks, and there's been plenty of talk about a coming wave
of consolidations nationwide. Many GBA members, however, are
actively setting strategies to remain independent. Nationally, 48
percent of bank directors and executives
say they wish to remain independent, according to a paper published
by Carr, Riggs and Ingram, LLC, a GBA Associate Member.
The paper poses the following question...
Improving Management and Board Productivity
sure your executive team and board are clear about roles and
boundaries can help a board be more effective, says Mike Kipp of
the Newport Board Group, a GBA Associate Member, in a recent
blog post. Kipp offers three general concepts important for setting
clear expectations. These concepts help executives and management
set what he calls "boundary conditions" and "rules of engagement."
Read the full blog article here...
One of our breakout sessions at the GBA Annual Meeting outlines the
challenges for modern bank board directors. Bryan Cave's Walt
Moeling and Jim McAlpin will present and lead discussion.
The annual meeting is June 15-17 at The Greenbrier.
More details and registration information here...
GBA Members Treat
their Customers Well, Educate Kids in Their Communities and Support
Local Business Innovation
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...
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.
Marketing Peer Group
2014 Annual Meeting
June 15 -18
White Sulphur Springs, WV
Ponte Vedra, FL
Sept. 24 - 26
Oct. 12 - 14
Bank Counsel Conference
Oct. 12 - 14
Bank Accountant Conference
Oct. 12 - 14
Full GBA-U Calendar
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.