Georgia Bankers Association - The Resource that Empowers

May 2, 2014

 


Attention Attorneys!
Status of Important Banking Cases for
May 2014

 

GBA Compensation and Benefits Survey Open with New Features

Participation 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. Learn 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...

 


Job Bank
Find a job, post a job

 


More GBA Products and Services

Like GBA on Facebook

Connect with GBA on LinkedIn

Follow GBA on Twitter


BANKSTAT Management Reporting and Analysis Reports

Retirement, Pension and
401(k) Plans


Georgia Financial Directory

Thumbprint Signature Program

Pledging Pool

 

Governor Deal Signs Bill Clarifying Certain Fees Are Not Interest

On 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 into law 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 Legislative Session...

 

Final Call for Input on GBA Visits with Congress, Agencies in D.C.

Please let 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.

 

Join Us for Lunch with New Acting FDIC Regional Director - May 12

The Georgia Bankers Association is hosting a lunch for Georgia 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 Dean's 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 Susie McGehee at 404.420.2010.

 

Virtual Currency Guidance for Consumers Issued

Virtual 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...

 

Annual Meeting Breakout Session Spotlight

It's Not about the Money: Why Family Businesses are Different

So 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...

 

Six 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 banks are...

 

New Georgia Banking Update Available

Check out 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...

 

Mortgage Rules Get Proposed Tweaks from CFPB

A refund 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

Defining and Driving Your Bank's Future Business Plan

Join 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 developed a 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. Make reservations 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.

 

GBA Retirement Plans Announce First Quarter 2014 Investment Results

Though 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...

 

How to Protect Your Online Domain Name

We've 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...

 

Be Alert for Vishing Attacks on Customers

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 months. More about vishing here...

 

Roadmap for Remaining Independent Outlined

This 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...

 

Tips for Improving Management and Board Productivity

Making 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...

 

Related: 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...

 


Key GBA Event Reminders
 

Rural Development and Lending Conference
 

May 15 - 16

Click here to register

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 Treat their Customers Well, Educate Kids in Their Communities and Support Local Business Innovation

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.

 

Newsmakers

Read about all the Georgia Bankers making news this week...

 

Dyer

Little

 

Helms

Jordan

 

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.

 

GBA|U
 

 

Marketing Peer Group
May 20
Marietta

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

Leadership Conference
July 20-23
Ponte Vedra, FL

Compliance Conference
Sept. 24 - 26
Macon

President/CEO Conference
Oct. 12 - 14
Greensboro

Bank Counsel Conference
Oct. 12 - 14
Greensboro

Bank Accountant Conference
Oct. 12 - 14
Greensboro

Webinars

AIB Courses

Compliance Calendar

Lending Calendar

Ops/Tech Calendar

HR Calendar


Asset/Liability Calendar

Management Calendar


Security Calendar

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.

50 Hurt Plaza, Suite 1050 | Atlanta, Georgia 30303 | Telephone: 404.522.1501