October 17, 2014    

Code Review Task Force Formed

A task force has been formed to review and make consensus recommendations for improvements to state statutes that directly affect financial institutions doing business in the state of Georgia. The initial efforts will be focused on the Financial Institutions Code. The Code Review Task Force is initially comprised of the following members...


Westmoreland Supports Sub S Tax Equity Ideas

Rep. Blaine Luetkemeyer (R-MO) has crafted a letter to regulatory agencies requesting that they take additional steps to better level the playing field between Subchapter S banks and Subchapter C banks, particularly in regard to the Basel III capital conservation buffer rules.Our thanks to Rep. Lynn Westmoreland (R-Sharpsburg), who has agreed to sign on to the letter, which will be sent early next week. We’ve also asked David Scott (D-Atlanta), as Georgia’s other member of the U.S. House Financial Services Committee, to sign on to the letter. Access a link to the Sub S letter here...

Financial Risk Management Conference - Nov. 4-5

Two Sessions Covering Income Opportunities to Highlight Financial Risk Management Conference

At GBA’s upcoming Financial Risk Management Conference, Lilly Straith, CTP, managing director for Revenue Enhancement Solutions for Fiserv, will discuss strategies for Treasury Management, Retail Banking and Wealth Management that will help your bank support successful investments and stay competitive in your market. Also on the agenda, attorney and consultant Philip Smith, president, Gerrish McCreary Smith, Memphis, TN, will discuss strategies for achieving your bank’s goals. Whether you are planning to be a buyer, a seller or simply pursue activities to maintain your independence, you need specific strategies to reach those goals. Click here to see more details and register online...


High Energy, Heavy-Duty Content Highlight Conferences

Top Georgia bank executives, lawyers and accountants met for two days this week at their annual GBA conferences. “My biggest take away from the conference was the integrity, commitment and quality of the leadership of our state’s banks. It is important for us to have the opportunity, while away from our banks, to build relationships, discuss current banking topics, and to share ideas,” said Bill Hopper, GBA board member and president & CEO, The National Bank of Georgia. Read more conference highlights, what other Georgia bankers found valuable and access a gallery of photos from the conferences...

Get Smart About Credit Day

Bankers Promoting Good Credit Habits

GBA member bankers around the state participated in national Get Smart About Credit day activities on Oct. 16. Get Smart About Credit is national campaign of volunteer bankers who work with young people to raise awareness about the importance of using credit wisely. While Thursday was the official Get Smart About Credit day, the tools and resources from ABA are available any time for any banker to use. Access a link to those resources and a list of participating Georgia banks here...

“Largely Optimistic” Outlook for Fed’s Sixth District

Near-term economic growth in the Federal Reserve’s sixth district is expected to be slightly above current levels, according to the Fed’s most recent Beige Book out this week. The outlook is “largely optimistic,” the report said. Banking contacts said the environment is better for businesses and consumers. Competition for loans is keen, credit demand is mixed and line-of-credit utilization is relatively flat. More details from the Beige Book report here...

CFPB Proposes TILA-RESPA Amendments

The CFPB last week proposed two changes to the TILA-RESPA integrated disclosure rule that takes effect Aug. 1, 2015. One proposal would relax the timing requirement that creditors provide revised disclosures on the same day that a consumer’s rate is locked, in order to give creditors until the next business day to provide a revised disclosure. The other proposes placement of language relating to certain new construction loans on the Loan Estimate form. Public comments are due on or before Nov. 10.

Costs Up 30 Percent for Mortgage Compliance

A Fannie Mae survey of senior mortgage executives indicates a dramatic increase in compliance costs. Lenders responding to the survey reported a nearly 30 percent increase in compliance costs in 2014 compared to 2013. Seventy-two percent of those surveyed said they spent more on compliance in the past year, and 72 percent also said new regulations had a “significant” impact on their business. Read more here...

Related: GBA’s Integrated Mortgage Disclosures seminar is Nov. 18 in Macon. Get more information and register here...

How Housing Might Affect Georgia Elections

A housing market analysis by RealtyTrac predicts that the Georgia housing market favors the Republican Party in many instances for upcoming elections. The report out this week says that 56 important Georgia counties were better off in housing than two years ago, a trend that it says favors Republicans as the majority party in the state. Click here for more analysis of the link between the housing market and upcoming general election...

Georgia BankPAC Campaign Update

The GBA FedPAC and StatePAC have now reached 85 percent of their goals with a strong week of contributions coming in. Thanks to those that have already made their contributions, including these companies and individuals that contributed to the GBA BankPAC in the past week...

Welcome New Associate Members

Congratulations to the following companies that were approved for associate membership at the Oct. 14 GBA Board of Directors meeting:

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...

Important Upcoming Events

FDIC Consumer Protection Workshop:
Oct. 29-30

The FDIC Atlanta Region is pleased to announce the third installment of its Consumer Protection Workshop seminar series. This workshop is an interactive one-and-a-half-day event designed to provide information about current topics of interest and enhance knowledge of consumer protection laws and regulations. Register online here...

Credit Conference - Dec. 3-4

Tutterow’s Economic Update Highly Anticipated Kick-Off to 2014 Credit Conference

Roger Tutterow, director of the Econometric Center and professor of Economics at the Michael J. Coles College of Business at Kennesaw State University in Kennesaw, will kick off this year’s Credit Conference discussing topics such as interest rates, employment, housing, credit, and economic growth and will provide specific insight into local and regional trends that are critical to the effective management of our Georgia banks. Click here to see more program and hotel details and register online. Contact Kathy Friestad with questions, 404.420.2024.

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.

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.





Early Voting is Open
through Oct. 31

Resources to
Encourage Voting