Georgia Bankers Association - The Resource that Empowers

May 30, 2014

 

The Rules on Overdraft Programs Have Changed, but Consumers Still Need a Financial Safety Net

While 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, your overdraft program should include the following...

 

Wow Your Customers With NCR's Latest ATM and Branch Transformation Solutions

NCR is always a leader in hardware and technology to help serve your customers. 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 high volume, interior or exterior, in-branch, off-site or drive-up locations. And, 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 atm.info@ncr.com; or contact GBA's Bo Brannen, at 404.420.2014.

 

Trust and Investment Management Services for Your Bank's Valued Customers

Reliance Trust Company, 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. Services include...
 


Job Bank
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BANKSTAT Management Reporting and Analysis Reports

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Georgia Financial Directory

Thumbprint Signature Program

Pledging Pool

State's 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 quarter." Here are some of the positive trends from the results, compared to the same period in 2013...

 

In Their Words: Susan Keigans

Trend Updates, Networking at Leadership Conference Make it a Valuable Experience

Leadership GBA will host its annual Leadership Conference 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 us...

 

Call To Action on QM and Servicing Bills

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...

 

GBA 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 contact GBA's Susie McGehee at 404.420.2010.

 

Compliance Peer Group Meeting June 24

Risk Assessment and Third Party Vendor Management Spotlighted

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 or contact Alison Moreau, 404.420.2034.

 

Privacy Notice Rule Proposal Comment Period Extended

Comments 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. With comments or questions, contact Elizabeth Chandler, 404.420.2027.

 

Compensation and Benefits Survey Deadline Extended to June 30; Save on Results Report

Please 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. Start participating now...

 

Call Reporting Seminar Coming up June 24

GBA will host its annual Call Reporting 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. To register, click here. With questions, please contact GBA's Danielle Driggers at 404.420.2002.

 

Career Mapping Made Easy

Take 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 Bankers to:

  • 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.

 

  • Find... the 44 most common job descriptions your bank needs, competencies people in those positions need, and the specific GBA learning available to you and your bankers.

Ag 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...

 


Key GBA Event Reminders
 

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 Civil Rights, Community Services and Local Schools and Culture

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.

 

Newsmakers

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

 

Albritton

DeLeva

Bennett

Evans

 

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
 

 

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

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