October 31, 2014   

GBA Retirement Services Welcomes New Board Member; Honors Outgoing Members

The GBA Retirement Services Board of Directors held its quarterly meeting this week. It was a productive meeting, including the approval of budgets and fee schedules for the upcoming year and review of investments and ongoing fiduciary duties related to retirement plans. The board and GBA staff are pleased to welcome its newest member to the GBARS board, David Brooker, president & CEO, Citizens Bank of Washington County, Sandersville. In addition, two outgoing board members were recognized and thanked for their years of service to the GBA Master Trust. Larry Mathis, retired president & CEO from Citizens Bank of Washington County, Sandersville, was one of the original board members of the Trust when it was set up in 1974 and served on Retirement Services board for 40 years, with 19 years as Vice Chairman. Joe Ferguson, retired president & CEO from Stephens Federal Bank, Toccoa, served as a board member for eight years. More about GBA Retirement Services...

FDIC v. Skow Dismissal Order Vacated

The Eleventh Circuit Court of Appeals has responded to the Georgia Supreme Court’s recent pronouncement on the business judgment rule by vacating Judge Jones’ dismissal order in FDIC v. Skow. As you may recall, the Georgia Supreme Court recently held in FDIC v. Loudermilk that the business judgment rule generally protects business decisions made in good faith but does not completely insulate bank directors from simple negligence claims where the alleged negligence relates to the decision making process (as opposed to the wisdom of the decisions). Link to more commentary about the ruling and access a link to the complete decision here...

Last Chance: Five Reasons to Register for Next Week’s Financial Risk Management Conference

Selfies Wanted of Voters - #GABankersVote

Be sure to vote Tuesday if you haven’t already done so. When you get your coveted Georgia peach voter sticker, we invite you to have a little fun with us, too. Snap a selfie with you and your sticker and post it on Twitter, Instagram, Facebook or LinkedIn with the hashtag #GABankersVote. We’ll recognize you with a retweet from @GABankers for participating and helping GBA with our get-out-the-vote advocacy campaign, Georgia Bankers Democracy Days. Encourage your customers to vote, too. See some examples of how GBA members are already getting in on the fun...

Georgia Financial Directory Now Available

The 2014-15 Georgia Financial Directory was mailed to members this week. This year we’ve partnered with Naylor, LLC to bring you a fresh new version. Also new is an electronic version we’ll be sending to our primary contacts at each member in the coming weeks. We hope you will be pleased with this change and look forward to hearing your comments. If you haven’t received your company’s copy or would like to order additional copies, please contact Kenyetta Parks at 404.420.2035.

GBA Joins Strong Industry Pushback on CFPB’s HMDA Proposal

The CFPB should significantly narrow the scope of its proposed additions to HMDA reporting requirements, said GBA and 52 other state bankers associations in a joint comment letter with ABA on the proposal. “The detail [proposed] is staggering and easily susceptible to unanticipated and costly compliance consequences if not carefully assessed from a practical standpoint,” the letter said. Specifically, the CFPB should...

Ops/Tech Committee Meets

Cybersecurity, EMV implementation for debit and credit cards, internet domains, product optimization projects and social media were among many of the topics the GBA Operations and Technology Committee touched on during their meeting this week. The Committee got together to begin planning its annual conference, to get an update on the Southern Operations and Technology School and to discuss other ideas for enhancing GBA’s resources for Operations and Technology professionals. They also got a detailed cybersecurity checklist for banks during a presentation by GBA Strategic Partner Q2, our endorsed ebanking provider. State Bank of Cochran’s Leesa Anderson chairs the committee. Susan Cosper, Ameris Bank, is vice chair. More about the Ops/Tech Committee meeting here...

Opposition to Farm Credit Expansion Mounts

The Farm Credit Administration (FCA) is attempting major changes in investment policies for Farm Credit System (FCS) institutions through a proposed rule ostensibly intended to review credit rating regulations. GBA joined ABA and 52 other state bankers associations in calling out the FCA for its efforts with a strongly-worded letter to the agency. Access a link to the letter GBA co-signed here...

Unbanked in Georgia Decline Slightly

There were fewer Georgia households without a bank account in 2013 than in 2011, according to the FDIC’s most recent study of unbanked and underbanked households. Here’s a quick rundown of the Georgia results...

One Less Georgia County Classified as Rural and Underserved

There are 70 Georgia counties classified as Rural and Underserved by the CFPB in its 2015 classifications. That’s down from 71 in 2014. Marion County, population 8,742, in west-central Georgia, is the only Georgia county that was removed from the list. The CFPB’s Ability-to-Repay, Qualified Mortgage and several other rules have components affected by this list. See the Georgia list here. Get more information and access the full list at the CFPB blog about the list...

Weigh in on Flood Insurance Rule Proposal

Regulators are seeking comment on a proposed rule about a variety of escrow and flood insurance requirements included in the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). Click here to see the proposed requirements and decide if you want to comment...

Credit Conference Update

Breakout Sessions to Offer Choice of 2014 CRE Review and Forecast or Cybersecurity Challenges

Those attending the GBA Credit Conference Dec. 3-4 will face a tough but welcome choice of breakout sessions. The CRE industry is experiencing a generational shift in end-user preferences and requirements. In one session, Cal Evans, Market Intelligence Director for Synovus in Columbus, will discuss the development of this trend, which is driven by a multitude of factors including lifestyle preferences, progression in technology, and governmental policy changes. Evans will cover these developments and their effects on future prospects for CRE sectors. Or, attendees may opt to hear from a special agent from the FBI Cyber Division who will take a look at the effect cybercrime has on banks and their customers, and how your bank might mitigate some of that risk. More about the Credit Conference, hotel and registration information here...

Georgia BankPAC Campaign Update

Thanks to a few new contributors this week, the GBA FedPAC and StatePAC are making progress toward their overall goals. For those banks that have not yet contributed to the GBA StatePAC, you should have already received your “fair share” invoice in the mail this week along with a form for the GBA FedPAC for the personal contributions from your eligible groups within the bank such as directors, officers and salaried employees. Here is a look at the progress your GBA is making compared to the goals set by the GBA BankPAC Board of Directors. With questions, please contact Elizabeth Chandler at 404.420.2027. Thanks to the following individuals and organizations that recently contributed to GBA BankPAC...

Georgia Peanut Bank Week Wrap up

Like we mentioned in our last issue, there was fantastic participation from GBA members last week for the 38th Annual Georgia Peanut Bank Week. The sponsoring Georgia Peanut Commission posted photos from the week in an online gallery. Participating banks handed out sample peanuts, held recipe contests, shared peanut recipes and peanut facts and held customer appreciation events. This year's Peanut Bank Week was fun and successful, and we hope your bank will make plans to participate next year!

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.

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.
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