October 21, 2016    

Resiliency of Banking Highlighted by Blanton

Georgia Bank and Trust Company CEO Dan Blanton closed out his term as ABA Chairman this week by giving a passionate speech to bankers from around the country gathered for the ABA’s annual convention. His main message was that while threats to the industry come and go, banking stands the test of time as a meaningful industry. In addition to celebrating Blanton’s successful term, delegates also elected new ABA board members and installed officers. Jim Edwards, CEO, United Bank, Griffin, was elected to the ABA board. Edwards just completed his term as chair of the ABA’s Community Bankers Council. “We’re mighty proud of Dan and Jim. They are respected leaders by their peers, and their inclusion in national industry advocacy positions is a reflection on the strength of the quality of bank leadership throughout our state,” said Joe Brannen, GBA president and CEO. Read more about the ABA Convention and Blanton's address here...
Dan Blanton delivering his chairman's address at the 2016 ABA Convention
United Bank CEO Jim Edwards (center) with Chairman John Edwards and president and COO Chris Edwards
Glenn Willis

Peanut Bank Week in the News

South Georgia Banking Company’s Glenn Willis was featured this week by an Albany TV station for the bank’s Georgia Peanut Bank Week participation. The story highlighted the statewide promotion by the Georgia Peanut Commission and GBA, and it detailed the bank’s peanut butter drive we mentioned last week. Here’s a reminder to all members taking part in the 40th-annual Peanut Bank Week – please share photos, videos and information about your efforts with Bo Brannen and David Oliver. We’ll share them in next week’s E-Bulletin and our social media channels. For additional resources and information, visit the Georgia Peanut Commission website at www.gapeanuts.com...

GA Supreme Court Says No to E-Discovery Improvements

We were disappointed this week that the Georgia Supreme Court ruled against new e-discovery rules it was considering. We’ve been supportive of the rules, which would have provided much needed guidance to Georgia trial courts and litigants (including individuals, small and big businesses, and government at all levels) in addressing the particular challenges associated with discovery of electronically stored information. We will continue to be an advocate for the clear, consistent rules that would have reduced costs and would have applied equally to a full range of legal disputes, from a divorce case in Clayton to a business dispute in Albany. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.
Stewart

Member Profile

Why Millennial Katie Stewart Turned to Banking to get “Plugged In”

Katie Stewart doesn’t remember life before cell phones, “Or email. Or frozen microwaveable meals,” she says. Yep, that means Stewart, the retail marketing manager for WB&T Bankshares, is among the many Millennials now working for Georgia banks. Stewart, who has only been in banking since Jan. 2015, says the opportunity to work for a company committed to the community and serving others was what attracted her to a job in banking. “It was important for me to find a job where I could contribute in a meaningful way while still be challenged and supported. I found it,” she said. Learn more about Stewart, her views about the expectations from her generation and marketing challenges for bankers in this week’s GBA Member Profile…

Related: Join Stewart at GBA’s Marketing Peer Group Meeting Nov. 15 in Macon. You’ll learn about digital marketing strategies and data-breach-related crisis communications best practices. Get details and register here...

Shared Resource

Millennials Not so Different from Boomers

The common perception is that younger generations have dramatically different behaviors and preferences than older generations. That may be off the mark when it comes to using financial services, according to some recent research from GBA Associate Member Fiserv. A quarterly consumer trends survey they do shows consumers in all age groups use financial services in similar ways. See a summary of the stody's conclusions here. Thanks to GBA Ops/Tech Committee member Matt Shugart for sharing this with members.

Hurricane Matthew Recovery

Georgia Banks Get Guidance to Help Recovery Efforts

The FDIC Tuesday announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas in Georgia affected by Hurricane Matthew. Banks are encouraged to work constructively with customers affected by the storm. Efforts can include extending repayment terms, restructuring existing loans, or easing terms for new loans, if done in a manner consistent with sound banking practices. Get all the details here...

More Households Have Bank Accounts

The number of U.S. households that do not have a bank account fell to seven percent in 2105 according to the newest FDIC’s National Survey of Unbanked and Underbanked Households published every two years. That’s the lowest share since the survey began in 2009, down from 7.7 percent in 2013 and 8.2 percent in 2011. More from the FDIC household survey here…

Financial Risk Management Conference Early-Bird Available Until Nov. 2!

Hightower and Kanaly to Discuss Emerging Regulatory and Exam Issues

This year GBA’s Financial Risk Management Conference will deliver a Regulatory Update from Jonathan Hightower, Bryan Cave, LLP and Mark Kanaly, Alston & Bird. These attorneys will lead a conversation about trends in bank mergers and acquisitions, the changing compliance landscape, and emerging bank regulatory and examination issues. The conference will be at the Atlanta Marriott Northwest Hotel. CPE credit will be applied for. Be sure to register before Nov. 2 to get the early-bird discount. Click here to see the brochure or to register online. GBA has negotiated a nightly hotel rate of $159, which is in effect through Oct. 26.

Last Call!

Current Expected Credit Loss (CECL) Workshop – Oct. 27

Don't procrastinate in making plans for your bank to implement the new CECL accounting model. A great way to begin your preparations is by attending GBA’s CECL Workshop Oct. 27 at Idle Hour Country Club in Macon. Presented in partnership with Mauldin & Jenkins, Dixon Hughes Goodman, LLP, and Bryan Cave, LLP, this workshop will cover a suggested implementation plan, important challenges of the new standard, methodologies to meet the new requirements, external data needs, regulatory hot topics and much more. Click here to see the program agenda. Registration is $250 per person. Click here for more information and to register online...

Resource

Updated Cybersecurity Assessment Tool FAQ Available

The Federal Financial Institutions Examination Council (FFIEC) Monday issued an updated frequently asked questions guide related to the Cybersecurity Assessment Tool. The update re-iterates that the assessment is voluntary, but regulators have leeway into how their examiners use the tool. Financial institutions can find the latest information about cybersecurity risk management at www.ffiec.gov/cybersecurity.htm...

BankPAC Campaign Update

StatePAC Exceeds 2016 Goal!

Huge thanks to Leadership GBA for putting together this week’s BankPAC Golf Classic that raised the funds that put the GBA StatePAC over its goal for the year. Read more about that below. This is great milestone in this campaign, and the GBA BankPAC Board is confident we'll meet GBA FedPAC goal as well. Have you and your bank made your contributions to the 2016 BankPAC Campaign yet? If not, use these contribution forms as a guide for to do so. Thanks to the following banks for contributing to the GBA BankPAC this week…

Georgia BankPAC Classic a Huge Success

Leadership GBA's annual Georgia BankPAC Classic was a hit. We had a great crowd of bankers, Bank Counsel Members and Associate Members participating. "The show of support for this year’s tournament was terrific," said Wade Johnson, Leadership GBA president and vice president at Durden Banking Company, Twin City. "Leadership GBA is proud to be able to play a key role in increasing participation in the BankPAC each year." Congratulations to Tournament winners Walker Jordan, senior vice president, Bank of Monticello and Joel Foster, vice president, Raymond James & Associates. A special thank you to all the tournament sponsors that helped make the tournament a success. Click here for a list of those who sponsored...
Leadership GBA president Wade Johnson announces the tournament winners
BankPAC Classic winners Walker Jordan and Joel Foster

Early-Bird Registration Expires Feb. 3 for Georgia Banking School

Planning the Georgia Banking School is a year ‘round project, and classes and faculty for the 2017 session are being finalized now. We encourage your bank’s leadership team to plan ahead, too. First year students receive a tuition discount when they enroll by Feb. 3. Don’t miss the valuable opportunity to invest in one of your promising bankers by enrolling them in the next session of Georgia Banking School. Click here for all the details and to enroll online...

Make Room in Your Ledger for Professional Development from GBA-U

Attention management and department heads! As you develop your 2017 budget, make sure you have the resources set aside to invest in your bankers by sending each one to at least one GBA University program during the year. Our conferences, schools, seminars, roundtables and peer groups are designed to help your employees keep up with current industry issues and hone their skills through continuing education. To help you with your planning, we’ve put together a budget checklist of key programs…

Beige Book

Economy Improving Modestly in Southeast

Banks in the Southeast reporting to the Federal Reserve for its monthly Beige Book said consumer confidence and credit quality improved from mid-August through September. That helped the Fed to characterize the overall outlook for the economy in the Sixth District as improving at a modest pace. A majority of contacts reporting to the Fed said they expect economic growth to be “sustained at or slightly above current levels” for the rest of the year. More from the Beige Book report here…

Consumer Protection Workshop – Nov. 2-3

What are Hot Topics in Consumer Protection Laws?

Hear from FDIC representatives about consumer protection laws and regulations, including current topics of interest, during the fourth installment of its Consumer Protection Workshop series Nov. 2-3 The agenda is a mix of in-depth, regulation-specific topics as well as broad compliance management system aspects. FDIC presenters and participants, including regional and local managers, regional specialists and review examiners and senior compliance examiners, will cover the following…

Loan Documentation Seminar – Nov. 16

The Most Common Loan Documentation Problems and More

Learn how to structure and document loans to avoid losses by attending GBA’s Loan Documentation seminar Nov. 16 at Idle Hour Country Club in Macon. Commercial loan officers, commercial loan personnel, loan assistants and closing specialists will all benefit from this seminar that will cover…

Mark Your Calendar!

2017 Legislative Reception and Legislative/Economic Update - Jan. 11

Mark your calendars to attend GBA’s annual Legislative Reception honoring the members of the General Assembly, the Constitutional Officers, the statewide Judiciary and other dignitaries. This premier event will be Wednesday, Jan. 11, 2017, at the Atlanta Marriott Marquis. A block of hotel rooms has been reserved at Marriott for the night of January 11. The negotiated rate is $274 per night for a single or double room. Reserve your room by calling the hotel directly at 404.521.0000. Be sure to tell them you are with the Georgia Bankers Association. These rooms will be held until December 19, 2016. To register, click here...

Upcoming GBA-U Webinars

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 www.gabankers.com for more details.

New Courses! Online Training in Bank Risk Management

Online Training in Bank Risk Management offers expert-led, flexible, and cost-effective courses that cover topics ranging from an introduction to operational risk to vendor risk management. Self-paced courses - part of ABA's extensive suite of online training - can be taken on your own schedule and bring unmatched content in an interactive, mobile-ready format.
  • Cybersecurity Management
    An understanding of the risks associated with technology and its importance to the bank's operations and its management. Learn what to consider about the protection of technology, systems and data from inappropriate modification or destruction.

  • Vendor Risk Management
    An overview of the risk considerations associated with the selection, engagement, oversight and termination of vendors by a bank, and a perspective on the current regulatory expectations.

The GBA Job Bank Gets Results

New Candidates in Lending, Loan Ops and Administration. New Positions in Credit Analysis, Marketing and More!

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 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 Hometown 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...
Atlantic Coast Bank
BankSouth
Rogers
Self
Horton

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.

Last Week to Order Holiday Decals!
Deadline is Oct.28
Click below to learn more!