November 14, 2014     

Georgia Banks Represented at National Meeting

Our state’s banks were well represented last week at the ABA Community Bankers Council meeting in Washington, D.C. Liberty First Bank CEO Dawn Griffin, Citizens Trust Bank President and CEO Cynthia Day and United Bank CEO Jim Edwards serve on the council. “This was a wonderful opportunity to meet with community bankers from across America to share information and ideas on issues we have in common,” Griffin said. See more banker feedback from the ABA Community Bankers Council meeting...
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2014 Economic/Legislative Forum News

Federal Reserve Bank of Atlanta President Dennis Lockhart to Provide Economic Update

We are pleased to announce that Dennis Lockhart, president of the Federal Reserve Bank of Atlanta will provide the economic update at GBA’s annual Economic/Legislative Forum. This event is held in conjunction with our annual Legislative Reception honoring the members of the General Assembly, the Constitutional Officers, the statewide Judiciary and other dignitaries. The Forum will be held at the Georgian Terrace from 3 - 5:30 p.m. The Reception will follow at the Fox Theatre from 6 - 7:30 p.m. Find out more about these great legislative events and register here today...

Senior Lending Officer Roundtables Review

In late October, bankers from across Georgia attended GBA’s Senior Lending Officer Roundtables in Macon and Atlanta. These roundtables provided an in-depth look at all the latest issues facing senior lending officers in Georgia. Some of the topics included management techniques, how to have more efficient lending processes, the need for succession planning and training and fostering better cooperation between lending and operations departments. Click here for SLO Roundtable participant feedback from the most recent sessions...

Last Chance to Register: Integrated Mortgage Solutions Seminar - Nov. 18

In a few days attendees at GBA's Integrated Mortgage Solutions Seminar will learn about new mortgage loan forms in detail and cover suggested changes to current procedures for taking applications, processing, and closing consumer real estate loans. Don't miss out on this valuable session. Sign up to be there today... 

Libor License Fees for Community Banks Cut

Strong banker advocacy has paid off as the Intercontinental Exchange, or ICE, this week significantly discounted license fees for community banks that use the London Interbank Offer Rate, or Libor, as a pricing benchmark on loans or contracts. There will be no charge for using Libor in a single currency for banks that have assets below $1.5 billion. More about reductions in Libor licensing fees for community bank here...

Weigh in on Mobile Alert Petition

An important tool in the fight against fraud is banks’ ability to quickly and easily alert customers about possible fraudulent transactions. The ABA has filed a petition requesting exemptions from the Telephone Consumer Protection Act for mobile calls and texts that would alert customers to potentially fraudulent transactions, actions needed to complete pending money transfers and actions necessary to respond to data breaches. The Federal Communications Commission would like public comments about the petition, and we encourage members to comment in support of the exemption. Comments are due Dec. 8 and reply comments are due Dec. 22.

Credit Conference Update

Credit Committee Members to Facilitate S.W.O.T. Analysis of Today’s Credit Risk Practices 

GBA Credit Committee members Mike Allen, State Bank & Trust, Atlanta, and Mark Wills, Georgia Bank & Trust, Augusta, will lead a creative and interactive discussion at this year’s GBA Credit Conference, to be held Dec. 3-4 in Atlanta. Using the traditional framework for a S.W.O.T. analysis, Mike and Mark will collaborate with attendees to identify the strengths, weaknesses, opportunities, and threats present in today’s credit risk practices. A lively and enlightening conversation is bound to ensue – don’t miss it! Click here to see the conference brochure for a full agenda. Click here to register...

Busy Week for CFPB

There were two particular items of importance out from the CFPB this week. Monday, the bureau updated its small entity compliance guides for the Ability to Repay/Qualified Mortgage rule and the mortgage servicing rule. Thursday’s news was proposed rules about prepaid products. The proposal would require prepaid companies to limit consumers’ losses when funds are stolen or cards are lost, investigate and resolve errors, provide easy and free access to account information, and adhere to credit card protections if a credit product is offered in connection with a prepaid account. More about the two important proposals from CFPB that could affect you here...

BOLI Holdings at Georgia Banks up More Than 12 Percent

Georgia banks’ current BOLI holdings exceed $1.9 billion, an increase of over 12 percent from prior year. GBA Strategic Partner EBS shared this linked Georgia BOLI Update that includes some other trend analysis with us as a resource for members... 

GBA Retirement Services’ Recordkeeper Recognized

Alliance Benefit Group (ABG) was recently presented with the Best-in-Retirement Business Impact Award from Charles Schwab. The Best-in-Retirement impact award recognizes an independent recordkeeper and/or advisor who focuses on retirement plans and understands the needs of plan sponsors and participants and has developed innovative approaches to serving them. GBA Retirement Services has been very pleased with the service level provided by ABG for many years now. ABG goes above and beyond in providing excellent service to our members at very competitive prices. More GBA Retirement Services news here...

Georgia BankPAC Campaign Update

Both the GBA StatePAC and FedPAC are within striking distance of their 2014 Goals. As the 2014 BankPAC Campaign begins to wind down, please consider your contribution if your bank has not participated yet. With questions, please contact Elizabeth Chandler at 404.420.2027. Thanks to the following banks and individuals for their contributions to the BankPAC this week...

Crime and Punishment

Bank Robber gets 19.5-Year Sentence

Characterized as a career criminal by the FBI, Tavares Keith has been sentenced to 19 and a half years in prison for the March 10, 2014, armed robbery of a BB&T branch in Riverdale. “This defendant terrorized bank employees and customers during an armed bank robbery, leaving lasting psychological scars,” said United States Attorney Sally Quillian Yates. “His violent actions earned the lengthy sentence the court imposed on him today.” Keith robbed the bank wearing a black ski mask and pointed a 0.40 caliber gun at the bank manager’s stomach and bank tellers. Read more about the robbery and sentencing here...

Pro Tip – See Different GBA Calendars

There are several ways to easily find GBA educational programs and events that meet your particular needs. For example, on our website at www.gabankers.com and at our main calendar of events page, did you know you can easily select different calendar views? There are different views available by event type, focus area and delivery channel. For example, you can select the Compliance focus area view and see the 21 different compliance-related programs on the calendar between now and the end of May. Here’s a quick how-to guide with screen shots that can be helpful.

Find a Job, Post a Job with GBA Job Bank

The Georgia Bankers Association offers free job posting resources for our member banks. These listings can be viewed online or through our print publication, the GBA Bulletin, mailed every other week. Resume postings are also available. For more information, please contact Kenyetta Parks.

GBA Strategic Partner Spotlight

Click the logos below to lern more about these important GBA Partners...

GBA Community Connections

Click here to read about the latest good works by various GBA members. We want to share what GBA members do to support their communities. Submit your community involvement and service information to Bo Brannen and David Oliver
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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.