September 26, 2014

Cybersecurity Stays in the Spotlight, GBA Promotes Security Tips

News of another data breach this week at the Jimmy John's sandwich chain and Home Depot's confirmation late last week that more than 56 million cards were exposed to hackers kept retail and bank cybersecurity in the headlines. GBA continues to promote good card security habits to its members, the media and consumers. Federal regulators and some major news outlets were also talking about cybersecurity this week. See a summay of an interview GBA did and what everyone was saying...

Another Business Judgment Rule Decision Handed Down by State Supreme Court

The Supreme Court of Georgia this week issued a decision in the FDIC v. Skow case answering certified questions about Georgia's business judgment rule and the responsibility of bank directors and officers. The decision answers the questions by directly citing the recently issued ruling by the court in the FDIC v. Loudermilk case, which said the general business judgment rule does apply to bank directors and officers, but that liability may exist if while making decisions he or she "fails to exercise the diligence, care, and skill of 'ordinarily prudent men [acting] under similar circumstances in like positions.'" Read the Skow decision here...

Tailored Supervision, Flexibility Get Nod from Three National Regulators

Federal regulators this week have been sharing about a variety of thoughts on community bank regulatory burden. On Tuesday, Comptroller of the Currency Thomas Curry said bank business models should drive supervisory approaches as opposed to only asset-size tests such as the $50-billion asset threshold for large banks set by the Dodd-Frank Act. Two Federal Reserve Bank executives also weighed in on the idea of tiered supervion and why examiners need room to make judgment calls based on their experience. See what they had to say...

There's Still Time to Sign Up!

Great Crowd Set for President / CEO, Bank Counsel and Bank Accountant Conferences

We've got a big crowd coming to GBA's President/CEO, Bank Counsel and Bank Accountant Conferences scheduled Oct. 12-14 at The Ritz-Carlton Lodge, Reynolds Plantation, in Greensboro. There's still time to register for these events if you're still on the fence. The programs are packed with timely information at a great location. An economic update, commercial real estate trends, current trends in the banking industry and how they affect M&A, new lines of business, growth, branching and fraud prevention are a few of topics that will be covered. You'll also have several opportunities to network with your colleagues. Access links here to register online for these can't-miss events. With questions, please contact GBA's Susie McGehee at 404.420.2010.

Compliance Conference Underway

Fraud and risk management, mortgage rules, fair lending, disparate impact and much more are on the agenda this week for GBA's three-day Compliance Conference in Macon. The conference this year was expanded to an extra day based on member feedback and the long list of key issues. A huge crowd of more than 100 GBA member compliance professionals is attending, and the program wraps up Friday. Look for more details and photos next week.

Walmart Rolls Out Checking Account

Walmart this week started offering a new checking account through FDIC-insured Green Dot Bank. The GoBank account is available only in Walmart stores and costs $8.95 a month unless account holders have a direct deposit of at least $500 a month. The company said the product would not charge fees for overdrafts or bounced checks. More about Walmart's new checking account program...

Financial Risk Management Conference Update

Learn about Enterprise Risk Management (ERM) from Local UPS Executive Who Has Global Duties

GBA's Asset Liability Committee is excited to welcome Keith Cureton as the opening speaker at GBA's 2014 Financial Risk Management Conference coming up Nov. 4 - 5 in Atlanta. Cureton specializes in Global Compliance and Ethics, Enterprise Risk Management at UPS. He will present "ERM - A Catalyst for Conversation." Read more about the program and access registration links here...

Georgia Ranks Sixth for Job Growth

Georgia businesses added 79,300 jobs in the past year, which is sixth nationally, third in the Southeast and above the national average. The August-to-August job growth was the second largest in Georgia since 2005. Georgia's job gains came in many sectors, said a release from the Georgia Department of Labor...

Last Call for the Georgia BankPAC Golf Classic - Oct. 1

Don't forget to register for Leadership GBA's 13th-annual Georgia BankPAC Classic scheduled for next Wednesday, Oct. 1, at The Club at River Forest in Forsyth. To register, click here. Please call GBA's Susie McGehee at 404.420.2010 with questions about the tournament.

Georgia BankPAC Campaign Update

The 2014 BankPAC Campaign is coming along, but more help is needed to reach our FedPAC and StatePAC goals. Has your bank participated this year? Take a look at how your GBA Group is faring so far in the campaign and make your contributions this week if you have not yet done so. Thanks to those that have already made their contributions including these companies that contributed to the GBA StatePAC...

Survey Says…

Check Your Compensation Program Against Your Peers

Get your copy of the GBA Compensation and Benefits survey now. It's a great tool for measuring how your pay and benefits program stacks up as you head into budget season. And, this year's results include member reactions to the effects of the Affordable Care Act on their programs. The survey results are available by email or hard copy to banks, Associate Members and Bank Counsel members that did not participate in the survey for $400. Banks that provided information for the survey can buy the results for $150. Order your copy today by contacting Kenyetta Parks at 404.420.2035.

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 at 404.420.2035.

GBA Strategic Partner Spotlight

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

Important Upcoming Events

    The Information Security Officer (ISO) Seminar: Oct. 16

    Designed for Information Security Officers, Compliance Officers and network administrators, this seminar will highlight all the information you need to be a successful professional in this role. Register online here...

    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...

    GBA Community Connections

    Click here to read about the latest good works by various GBA members. We want to share all that GBA members do to support their communities. Submit your community information to Bo Brannen and David Oliver.
    Members of the Southwest Georgia Bank team at the opening of its new Commercial Banking Center in Valdosta.

    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.
    Career Paths for Bankers
    The 44 most-common bank job descriptions, the skills and competencies you need to have those jobs and links to training and development by job title.