The Rules on Overdraft Programs Have Changed,
but Consumers Still Need a Financial Safety Net
the overall economic forecast is improving, many consumers
remain concerned about unemployment and personal financial
issues, ranging from meeting everyday expenses to paying income
tax responsibilities. Whether as a result of unplanned expenses
or an error in reconciling a checkbook, financial shortfalls can
happen to anyone. And without a financial safety net, many
consumers often experience difficulty paying their bills, facing
costly merchant check return fees when their account has
insufficient funds. By providing a user-friendly overdraft
program, your institution can help account holders avoid these
difficult situations. To provide your account holders with the
most up-to-date overdraft solution,
should include the following...
Wow Your Customers With NCR's Latest
Branch Transformation Solutions
is always a leader in hardware and technology to help serve your
NCR's family of SelfServTM
ATMs offer every transaction in
every location type: cash dispense, multi-function, intelligent deposit,
cash recycling, foreign exchange, bill payment transactions in low or
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the company's Branch Transformation Solutions include interactive
video tellers and other machines to improve customer satisfaction,
and ultimately, deeper customer loyalty. For information about co-endorsed NCR SelfServ ATMs and software,
Financial Kiosks, APTRA Interactive Tellers and Teller Cash Recyclers,
call 877.928.9627; e-mail
or contact GBA's
Bo Brannen, at 404.420.2014.
Trust and Investment
Management Services for Your Bank's Valued Customers
headquartered in Atlanta, is one of the largest independent trust
companies in the country with more than $109 billion in assets under
management and administration and a leading provider of personalized
financial services for individual, corporate, and institutional clients.
Reliance can add fee-based revenues through financial advisory services
to individual and business customers, directors and bank employees.
Find a job, post a job
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BANKSTAT Management Reporting and Analysis
Retirement, Pension and
Georgia Financial Directory
Thumbprint Signature Program
Banks Post Best First Quarter since 2007
Georgia's 219 state-based FDIC
insured banks earned $590 million during the first quarter of 2014,
an increase in earnings of 17.3 percent compared to the first
quarter 2013. These were the highest first-quarter earnings since
the state's banks made $785 million in first quarter 2007. Also up
nicely in first quarter of this year were loans, deposits and total
assets. "The year started off well for our state's banks, and that's
such good news," said Joe Brannen, president and CEO of the
Georgia Bankers Association. "We like that loan growth was good and
there was continued improvement in credit quality. The economy is
clearly better than it was a year ago, and the results are even more
encouraging when you consider the chilling effect severe winter
weather had on business in many areas of Georgia during the first
Here are some of the positive trends from the results,
compared to the same period in 2013...
In Their Words: Susan Keigans
Updates, Networking at Leadership Conference Make it a Valuable
Leadership GBA will host its annual
on July 20-23 at the
Ponte Vedra Inn & Club
in Ponte Vedra, FL.
The Leadership GBA Executive
Committee has planned a fantastic program that
promises to be educational and enjoyable. Susan Keigans,
executive vice president of Planters and Citizens Bank in Camilla
and Leadership GBA Executive Committee Vice President
recently shared her thoughts about the conference with
Call To Action on QM and Servicing
As we reported
last week, the U.S. House Financial Services Committee approved
several important regulatory relief bills that are priorities for a
joint Regulatory Relief Task Force GBA is a part of with other state
bankers associations and the ABA. Building on this momentum, the
alerts you can click through to are designed for you to directly
contact your House member to let your support for these important
bills be known. As a reminder, they are H.R. 2673, championed
by Rep. Andy Barr (R-Ky.), which would deem all loans held in
portfolio for the life of the loan as Qualified Mortgages; H.R.
4521, introduced by Rep. Blaine Luetkemeyer (R-Mo.), that
would exempt lenders with less than $10 billion in assets from the
Dodd-Frank Act's escrow requirements and servicers handling fewer
than 20,000 loans from the servicing rule; and,
H.R. 4466, the Financial
Regulatory Clarity Act introduced by Financial Institutions
Subcommittee Chairman Shelley Moore Capito (R-WV), that would
require a review and reconciliation of existing regulations that may
be in conflict with or duplicative of new rules being promulgated by
the banking agencies.
Access the links to the alerts here...
Reputational Risk Roundup
The topic of the negative
effects from bad headlines and public perception on a bank's
business itself is making news this week. A
Reuters story details how U.S. House Financial Services
Committee Chairman Jeb Hensarling has taken issue with some
regulators' focus on reputational risk in the exam process. A separate
commentary posted on CNBC's website implores bank leadership to
take reputational risk seriously.
Read all the details about each
and learn about a good way to share, through
GBA, the ways your bank supports your communities...
Annual Meeting Musts
We’re in serious countdown mode to
the 2014 GBA Annual Meeting June 15-18 at the Greenbrier Resort.
Here’s a reminder of just a few of the program highlights:
Insight into taking
community banking from crisis to prosperity from banking
expert Tim Koch
An economic outlook from
Wells Fargo’s Jay Bryson
Hear a great American
comeback story from Greenbrier owner Jim Justice
Breakout sessions about
rates, regulations, mergers & acquisitions and Sub S issues.
Of course, that’s all just
scratching the surface.
See the full program highlights here.
You've still got time to
sign up and experience the outstanding program,
too. A few rooms outside our block are still available at The
Greenbrier, so make your reservations now by calling the hotel directly
at 855.453.4858. With questions about the meeting, please
Susie McGehee at 404.420.2010.
Peer Group Meeting June 24
Risk Assessment and Third Party Vendor Management
The next GBA
Compliance Peer Group Meeting is June 24 at Idle Hour Country Club
in Macon from 9:30 a.m. to 2:30 p.m. Kevin Toomey with
Kilpatrick Townsend & Stockton LLP, will cover overall risk
assessment for a bank's compliance management program and
third-party vendor management. Thanks to GBA's
Compliance Committee for
planning the program. Sandra Chastain, Private Bank of
Buckhead, Atlanta, is the committee chair. This event is open to
all GBA members. Click
here to learn more and to register
Notice Rule Proposal Comment Period Extended
about the CFPB's proposed rule to ease the annual privacy notice
required by the Gramm-Leach-Bliley Act are now due July 14. CFPB
announced the one-month extension this week. The proposal would
allow banks to post privacy notices online in certain circumstances
as opposed to delivering them individually to customers. GBA
supports the concept of the rule, but like others is reviewing the
full proposal. We encourage banks to comment and to let us know if
there's something in the proposal GBA should address in a formal
comment letter, as well. See the
CFPB's Notice and Comment section of its website for links to the
proposal and extension document.
comments or questions, contact
Elizabeth Chandler, 404.420.2027.
Compensation and Benefits Survey Deadline Extended to June 30; Save
on Results Report
participate in the 2014 GBA Compensation and
Benefits Survey as a tool to help your bank and
others get a firm grasp on the state of our industry's pay and
benefits practices heading into budget season. The deadline for
completing the survey has been extended to June 30.
Participation is free, and if you do participate, you can get a copy
of the results for the discounted price of only $150 when they're
available in early fall. Any member can participate.
Reporting Seminar Coming up June 24
GBA will host its
seminar June 24, at Idle Hour Country Club, Macon. This one-day
seminar presented by Mauldin & Jenkins, LLC, will offer practical
techniques to improve your overall reporting process. Participants
will receive a detailed line-by-line review in the completion of
each schedule of a Call Report. Appropriate items to be reported and
relationships between schedules will be discussed as part of this
review. In addition, changes to the Call Report effective in 2014
will be discussed, along with the 2015 changes to Schedule RC-R.
Most commonly-used schedules within the Call Report will be
addressed, with an emphasis placed on Schedules RC-C and RC-R.
With questions, please contact GBA's
Mapping Made Easy
advantage of one of the best GBA member benefits designed to help
you with your career development plans. GBA's
Career Paths for
BankersTM is the most unique, organized and easy-to-use
career development resource available for bankers and banks. GBA's
pioneering Career Paths for Bankers resource is unique to any other
bank association's career development offerings. It's a free
resource available to any member banker. Use Career Paths for
Find… your position and positions
you aspire to, whether you're in lending, retail or finance
& operations. You then can see the exact competencies for
success and specific GBA sponsored professional development
opportunities for each.
Lending Guide Updated by OCC
The OCC this
week issued the first update in 16 years of its Agricultural
Lending booklet that is part of the Comptroller's Handbook.
The updated booklet provides guidance on
agricultural lending, including an overview of agricultural lending
markets, associated risks, and risk management practices. It also
includes expanded examination
procedures, an internal control questionnaire, and verification
procedures for examiners. Access the
Agricultural Lending booklet here...
GBA Members Support Civil Rights, Community Services and Local
Schools and Culture
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
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.
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