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
, 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
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
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
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
chairs the committee. Susan Cosper, Ameris Bank
, is vice
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
One Less Georgia County Classified as Rural and Underserved
Credit Conference Update
Breakout Sessions to Offer Choice of 2014 CRE Review and Forecast or
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,
, Market Intelligence Director for Synovus
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 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
. 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
or through our print publication, the GBA Bulletin, mailed
every other week.
are also available. For more information, please
GBA Strategic Partner Spotlight
Click the logos below to lern more about these important GBA Partners...
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
David Oliver and Bogan Brannen