May 6, 2016          

Gov. Signs Two GBA Priority Bills, Vetoes Firearms Measure

On April 26, Gov. Nathan Deal put ink to paper making laws of two GBA priority bills passed by the General Assembly during the 2016 session. One bill creates a new pledging option for public deposits and the other was mostly the work product of the GBA Code Review Task Force. On Monday, May 2, he vetoed a bill that included a provision that was not good for banks. The bill Gov. Deal vetoed, HB 1060, was a firearms bill (not the campus carry bill) that contained an objectionable provision creating an act of discrimination if a bank chose to not do business with someone who has a federal firearms license and they chose not to do so solely for that reason. We appreciate his leadership on all of these important bills for Georgia banks. Read more about the Governor’s recent bill signings and veto here…

Arbitration Under Fire from CFPB Proposal

A proposal by the CFPB Thursday would prohibit companies from putting mandatory arbitration clauses that prevent class action lawsuits in new contracts. Under the proposal, companies would still be able to include arbitration clauses in their contracts. However, for contracts subject to the proposal, the clauses would have to say explicitly that they cannot be used to stop consumers from being part of a class action in court. The proposal would provide the specific language companies must use. Learn more and access a link to CFPB's proposal here...

Important Resource: CECL Date Details, Public/Private Analysis Shared

In last week’s Bulletin, we reported about how FASB delayed implementation of its Current Expected Credit Loss (CECL) standard but will issue its final rule on the measure in June. Even with the delayed implementation, banks should begin analysis and preparation. The effective date of CECL for specific banks will depend not only on whether the bank is registered with the SEC, but also on whether it qualifies as “public” or “private” in accordance with FASB definitions. To help banks determine their public/private status, ABA has provided two documents for us to share with you that should be helpful...

More CECL Resources

Fin Ops Roundtables: We’re On It!

If your bank participates in one of GBA’s Finance / Operations Roundtables facilitated by Elaine Demarest and Chrys Henderson of Demarest Strategy Group, you’re already getting great help with your planning to get ready for CECL. Even though the implementation timeline looks far away, and more measurement flexibility seems to be seeping into industry discussions, don’t sit down. At the recent roundtable sessions, Elaine told the participants that there were some free things they can do now. For example, she suggested everyone go ahead and capture history though 12/31/2015 on call report loan category data for loans outstanding, charge-offs and recoveries by RC-C codes and store that away somewhere. Get some more tips from Elaine and learn more about the Fin/Ops Roundtables here...

Rome Banks Join Forces for Community Loan Fund

Seven banks that do business in Rome, GA, have teamed up to make up to $1.4 million available in loans for buying, rehabilitating and equipping downtown properties. Heritage First Bank, River City Bank, Greater Community Bank, Citizens First Bank, Regions Bank, United Community Bank and Wells Fargo Bank have each committed up to $200,000 to the program, says a story in the Northwest Georgia News. Bankers developed the “Banking on Downtown” program to fill the gap left as the community has reached its cap on funds from a loan program run by the Georgia Department of Community Affairs and Georgia Cities Foundation. Read the full story about the program here. There are some good quotes from the bankers involved.

Rooms Selling Out Quickly for 2016 Annual Meeting!

Rooms at the JW Marriott are selling out quickly for GBA’s 2016 Annual Meeting. If you have not already done so, make your reservations by calling the hotel directly at 512.474.4777. Be sure to let them know you are with the Georgia Bankers Association group to get the discounted room rate of $219 per night. The cut-off date for reservations is Friday, May 13, but rooms may sell out before that date. With questions about hotel rates and availability or the Annual Meeting in general, please contact GBA’s Susie McGehee at 404.420.2010. Make your reservations today!

Breakout Session Spotlight

Community Banks: You DO Have That Competitive Advantage!

At our Annual Meeting, David Furnace, President, Haberfeld Associates, Lincoln, NE, will explore winning strategies to: (1) capitalize on your competitive advantages, (2) expand your market share, and (3) monetize your customer base. This is one of several great breakout sessions at GBA’s 2016 Annual Meeting. A complete meeting package has been mailed but you can access the brochure or register online now. With questions about the meeting, please contact GBA’s Susie McGehee at 404.420.2010.

Rural Development and Lending Conference, May 16-17, St. Simons

Ag Carryover Debt Discussion to be part of Regulatory Session

Ag bankers won’t want to miss the session with the FDIC’s Ben Pitts about hot button regulatory topics during this year’s GBA Rural Development & Lending Conference at The King and Prince Golf & Beach Resort on St. Simons. One of the issues we’ll cover during that session is agriculture carryover debt. GBA Associate Member Steve H. Powell & Company shares in its most recent newsletter that it is noticing a material increase in agriculture carryover debt during its reviews for clients. “Regulatory guidance indicates that carry over debt is not inherently ‘bad’, but how the debt is rated in an examination will depend on file documentation and underwriting,” Powell says in the article. Read the good summary and best practices suggestions here. There are many other great sessions at this year’s conference, too. To register online, click here.

GBA Compensation and Benefits Survey Open

The GBA Compensation and Benefits Survey is open for participation. We’ve taken feedback from the GBA HR Committee and survey partner, Matthews, Young – Management Consulting, to improve the survey and report for members. New this year:
  • Shorter non-salary component
  • Eight additional /updated job titles or descriptions
  • Neighboring state data available by county for banks that operate in other markets.
We emailed information to CEOs and HR contacts earlier this week. If you missed it or would like more information, visit the GBA Compensation and Benefits Survey Website. Or, 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.

Enter ABA’s Community Commitment Awards Program

All of our member banks do great work in our Georgia hometowns. We see it every week in our Hometown Connections feature. So, why not get some national recognition, too? We encourage every GBA member bank to enter the ABA Foundation’s Community Commitment Awards initiative. The deadline is July 1, and any bank can enter. The ABA Community Commitment Awards for 2016 will recognize excellence in these seven categories…

GBA Schools in Session

Georgia’s next generation of bank executives as well as Compliance professionals have been in Athens this week for the on-campus sessions of the Georgia Banking School and the GBA Compliance School. Students have been immersed in detailed courses covering the full spectrum of best practices in bank management and compliance programs to protect their banks and customers. Here are some scenes from this year’s schools. Look for details about graduates and honors next week.

A Note from Nat Doughtie on GBA's Leadership Conference

Leadership GBA’s annual Leadership Conference is July 18-21 at the Ponte Vedra Inn & Club. Ponte Vedra, FL. Nat Doughtie, vice president at United Bank, Zebulon, recently shared his thoughts about the conference with us:
“Leadership GBA is a great networking opportunity and an opportunity for bankers to stay up to date on key industry issues. The Leadership Conference in particular, is a great place to meet and interact with some really good bankers from around the state in a very relaxed, low-key atmosphere. It’s the right mixture of programs and networking activities. The speakers and programs are informative and interesting. And, Ponte Vedra is a terrific location. I feel fortunate to be involved with Leadership GBA and would recommend and encourage any up-and-coming banker to get involved with this group. It will one of the best decisions they’ll ever make.”
Brochures have been mailed, but you access it and register online here. With questions about the conference or Leadership GBA in general, please contact GBA’s Susie McGehee at 404.420.2010.

New Consumer Real Estate Lending for Small Banks Seminar Set for June 2

Attend GBA’s new Consumer Real Estate Lending for Small Banks seminar with Steve Moore, Bank Compliance Services, to learn about financial and operational considerations of CRE lending by small banks as well as the challenges faced by small banks that offer these loans in today's regulatory environment. In the context of the new TILA, RESPA, Flood Insurance and HMDA rules, Steve will discuss the pros and cons of these regulatory rules from the community banker’s perspective. The following topics will be covered…

GBA-U Webinars

Risk Management, Loan Documentation, Coaching, CRA Courses 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.

Trust, 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.

GBA Strategic Partner Spotlight

Click the logos below to learn more about these important GBA Partners...
Deluxe Corp.
Check Program
Mcever Tribble
Bond and D&O Coverage

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.