September 9, 2016    

Drews

Chairman’s Message

Calling all CEOs for the President/CEO Conference

“The Community Bankers Committee has planned an outstanding agenda for this year’s President/CEO Conference,” said GBA Chairman Rick Drews, CEO, Century Bank of Georgia, Cartersville. “From executive compensation and proactive capital planning, to FinTech and the post-election economy, the sessions will be timely and informative. And just as valuable are the networking opportunities with not only other Georgia bank executives, but our Bank Counsel and Bank Accountant members.” The conference is Oct. 2-4 at The Ritz-Carlton Lodge, Reynolds Plantation in Greensboro. Here’s a link to the agenda and registration information. There’s still time to register, and we still have a few rooms available in our room block for the special GBA rate of $182 per night.

Rooms Selling Out Quickly...

Attention President/CEO, Bank Counsel and Bank Accountant Conference attendees! Rooms are selling out quickly at The Ritz-Carlton Lodge, Reynolds Plantation. If you have not already done so, make your reservations by calling the hotel directly at 706.467.0600. Be sure to say you are with the GBA to receive this special rate. With questions, please contact GBA’s Susie McGehee at 404.420.2010. Make your reservations today!

Take Action!

Durbin Amendment Repeal Proposal under Pressure

The House Financial Services Committee will consider The CHOICE Act proposed by Committee Chairman Jeb Hensarling (R-TX5) Sept. 13. One of the key provisions in the bill we strongly favor is a repeal of the Durbin Amendment to the Dodd-Frank Act that set artificial price controls on debit card interchange rates for banks with $10 billion in assets or more as well as imposed complicated transaction routing provisions on all banks. Retailers lobbied for the amendment with promises of lower prices for consumers that have not materialized. Those same retailers are pushing hard to strike the repeal provision from the CHOICE Act. We’re contacting Reps. Lynn Westmoreland (R-GA3) and David Scott (D-GA13), Georgia’s members on the House Financial Services Committee, to push back on the retailers, but we need banker advocacy to help, too. Please contact their offices to express your support for keeping the Durbin repeal language in the CHOICE Act. Learn about some easy ways to do that here...

Advocacy

GBA Supports New E-Discovery Rules

This week we signed on to a letter from the Georgia Chamber to the Georgia Supreme Court supporting proposed new e-discovery rules. The proposed rules provide 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. Having the clear, consistent rules provided by the proposal will be helpful and would apply equally to the full range of legal disputes, from a divorce case in Atlanta to a business dispute in Albany. More than 40 businesses and trade groups signed the letter. Read all the details here. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

Credit Union Business Lending Out of Control

We’ve reported on how the National Credit Union Administration (NCUA) recently opened the door to more credit unions to greatly expand their business lending, something many credit unions simply lack the skill and expertise to manage. The credit unions also continue to press Congress to pass legislation to more than double their current business lending cap of 12.25 percent of assets. With a lot of support from bankers talking with our members of Congress, that legislation continues to be stalled. We’ve reminded Congress that credit union small business loans under $50,000 don’t apply to the cap and neither do SBA-guaranteed loans. Because credit unions are supposed to be serving people of modest means, those loans surely should meet their needs. Yet NCUA continues to grant exemptions to the business lending cap and we’re told nearly 50 percent of the industry now has that exemption. More about the problem with credit union efforts to expand their business lending cap and member base here...

HR Resource

Results Ready from GBA Compensation & Benefits Survey

The results of the 2016 GBA Compensation and Benefits Survey are now available. It is a great resource about salary and benefit trends in Georgia as you head into budget planning season. Results include data about new or updated titles and/or job descriptions for eight positions: Compliance Specialist, BSA Analyst/Specialist, BSA Officer, Residential Mortgage Underwriter, Small Business Loan Officer, E-Commerce Head, Accounts Payable Clerk, and Administrative Assistant. And, the benefits results section is in a new format with charts, graphs and online accessibility. To order a copy of the results, please contact GBA's David Oliver, 404.420.2036. The price for the survey results for members that did not provide data for the survey is $400. Mathews Young - Management Consulting will host a webinar Sept. 22 to discuss how to use the survey in its new format. David will give you the contact information to register for the webinars once you've placed your order.

Last Call!

De Novo Bank Conference - Sept. 14

There is still time for those seeking to invest in, organize, lead or work for a new community bank to register to attend GBA’s De Novo Conference, presented in partnership with Troutman Sanders, LLP and Porter Keadle Moore, LLP, on Sept. 14 at the Cherokee Town Club in Atlanta. With recent signs regulators are inviting qualified de novo bank applications, this conference will examine possible opportunities in today’s de novo bank environment and prospects for the future. Leaders from the FDIC, Georgia Department of Banking & Finance and OCC as well as industry experts from Brightlane Partners, Troutman Sanders and Porter Keadle Moore will discuss how to form a de novo bank in 2016 and beyond. Planned sessions include:
  • Regulatory View
  • Forming a De Novo
  • Legal Issues for a De Novo
  • Accounting & Tax Issues
  • Q&A Session.
Registration is $275 per person. Here’s a link to the complete agenda and online registration form. Please contact GBA’s Katina Prokos at 404.420.2021 with questions.

Compliance Conference, Sept. 14-16, Macon

It’s Not Too Late to Register for GBA’s Compliance Conference

GBA’s 2016 Compliance Conference is almost here, and there is still time to register to attend. The conference will be next Wednesday, Sept. 14, through Friday, Sept. 16, at Middle Georgia State University in Macon. Remember, you may register to attend just Day 1 (deposit compliance focus), just Days 2-3 (loan compliance focus), or the full conference. Click here to register, and to see the brochure and hotel info. Contact GBA’s Kathy Friestad with questions at 404.420.2024.

Advocacy: #GABankersVote

Democracy Days Kicks Off - Join us!

It is no surprise that there are big elections coming up so we’re kicking off our Georgia Bankers Democracy Days public awareness campaign to encourage bankers and customers to vote. Any member bank or Associate Member can participate. Sign up at the link below and we’ll provide you with the following materials you can use...
Sign Up for Democracy Days!

Voter Registration and Early Voting Dates Coming Up

You and others throughout your community have time to register to vote in the Nov. 8 General Election if you are not a registered voter. See Georgia Secretary of State Brian Kemp’s link for a quick reference on how to register and lots of other election information. The voter registration deadline is Oct. 11 and advance voting begins Oct. 17 with a Saturday option available on Oct. 29. The GBA has been involved with a number of races through our FedPAC and StatePAC thus far and we encourage all bankers throughout Georgia to be aware of the many elections and ballot initiatives you will be asked to vote on. A sample ballot from the link above will be available mid-September we are told. With questions, please contact Elizabeth Chandler at 404.420.2027.
Pannell

We’ll Miss Gary Pannell

We were saddened this week to hear about the death of Gary Pannell of the Jones Walker law firm. Gary was chair of our Bank Counsel Board of Directors this year. He was such an inspiration and we’ll miss his leadership. He never missed our annual meeting, the Bank Counsel Section’s annual conference, our annual trip to Washington and always made a personal contribution to our PAC. We know you’ll join us in keeping Gary’s wife, Winnie, and Gary’s family and colleagues in your thoughts and prayers. The memorial service will be Wednesday, Sept. 28, at 2 p.m. atSt. Anne's Episcopal Church, 3098 Saint Anne’s Ln ., NW, Atlanta, GA 30327.

Support GBA’s PAC at Georgia BankPAC Golf Classic Oct. 17

Tee it up for the GBA BankPAC so the industry can support candidates who will listen to our members’ concerns by participating in Leadership GBA’s annual Georgia BankPAC Classic Oct. 17 at Idle Hour Country Club in Macon. Bring a team of bankers, directors, community leaders and customers to share a round of golf and talk about important banking issues. Registration is $150 per person, $250 per two-person team or $450 for a team and hole sponsorship (a $100 savings). Click here to sign up. With questions please contact GBA’s Susie McGehee at 404.420.2010.

2016 BankPAC Campaign Update

The 2016 BankPAC Campaign had a great week and the BankPAC Board of Directors hope that those who haven’t contributed yet plan on doing so in support of this industrywide effort. The GBA StatePAC and GBA FedPAC contribution forms as well as the payroll deduction form for the GBA FedPAC provide easy guidelines to get the campaign started in your bank. Please take a look at how your GBA Group is doing compared to its goal and get your contributions in today. Also, don’t forget the 2016 BankPAC golf tournament on Oct. 17 at Idle Hour Country Club in Macon. This is the perfect opportunity for GBA Associate Members and Bank Counsel Members to help in this effort. Thanks to all of these bankers, Associate Members and Bank Counsel members for their contributions to the GBA BankPAC this week...
Blanchard

Recent Development in Laws Affecting Banks Back by Popular Demand at Bank Counsel Conference

No Bank Counsel Conference is complete without its annual Recent Development in Laws Affecting Banks session. Join Jerry Blanchard, partner, Bryan Cave, LLP, Atlanta, as he reviews these developments, including state and federal legislation, case law and regulatory changes, and how they affect our bank clients and the advice we should give them. The conference is on Oct. 2-4 at the The Ritz-Carlton Lodge, Reynolds Plantation, Greensboro. Check out details here and register now. GBA has reserved a block of rooms at The Ritz at a reduced rate of $182 per night for single or double occupancy. Make reservations today by calling the hotel directly at 706.467.0600. Be sure to say you are with the GBA to receive this special rate. With questions, please contact GBA’s Susie McGehee at 404.420.2010.

Human Resources Committee Gathers

Georgia’s leading bank Human Resources professionals met this week to identify key HR trends and begin planning the 2017 GBA HR Professionals Institute. Pinnacle Bank’s Amanda Marunich led the meeting as the chair of GBA’s Human Resources Committee. Margie Blanton, WB&T Bankshares, serves as vice chair. The conversation around the table was lively and productive, as committee members discussed topics such as...

Modest Expansion Noted by Fed

Business contacts in the Federal Reserve’s Sixth District defined economic activity from July through mid-August as modest with an optimistic outlook for higher growth. For banks, loan demand for commercial real estate, residential mortgages, refinancing, and home improvement increased. In the agriculture sector, drought conditions caused USDA to designate some Georgia counties as natural disaster areas. On a year-over-year basis, prices paid to farmers for corn and soybeans increased, while cotton, rice, beef, broilers and egg prices decreased. However, on a month-over-month basis, prices for corn, cotton, soybeans, and broilers were up, while prices for beef and eggs were down. Read the full report here...

Senior Lending Officer Roundtables-Sessions Start Back Up in Oct.

Registration is now open for the GBA Senior Lending Officer Roundtables, which will begin their fourth year in October. These roundtables provide an in-depth look at the latest issues a senior lending officer needs to understand to cultivate new business, evaluate risk and strongly support profitability. In addition, the unique peer connections forged from a well-organized roundtable can be essential for bankers whose careers are developing toward becoming CEOs and other top executives in our industry. Click here to download the flyer/application form. With questions, please contact GBA's Alison Moreau at 404.420.2034 or Susie McGehee at 404.420.2010.

How to Find Just the Right Development Resources

Take advantage of GBA’s Topical Calendars to pinpoint just the right educational and development programs for you and your team. There are 13 categories from which you can choose including operations and technology, compliance, lending and retail banking. You can find the full list of Topical Calendars on our website under the GBA-U Education drop down menu.
Low

Financial Risk Management Conference (Nov. 16-17)

Expert Economist Chris Low to Speak at Fall Conference

GBA is excited to welcome Chris Low to the Financial Risk Management Conference once again this fall as expert economist. Low, Chief Economist for FTN Financial, is widely known in financial and economic circles and has been recognized multiple times by Bloomberg as “the most accurate forecaster of Treasury note yields.” Low has 25+ years’ experience tracking US and global economies, financial markets, central banks, and fiscal policy, as well as six years’ experience as a money manager - all of which give him a unique ability to distill economic events into information useful to investors. Low’s economic update is one of the most highly anticipated sessions of this annual conference, which is Nov. 16-17 at the Atlanta Marriott Northwest. Click here to register and see the brochure. GBA has negotiated a discounted nightly rate of $159. Contact GBA’s Kathy Friestad with questions at 404.420.2024.

GBA Advanced Compliance School (May 7-12, 2017)

Invest in Your Team Now - Earn Returns for Years to Come

Today’s compliance professionals must have the tools and resources to foster a strong culture of compliance that stretches across all business lines in your bank. The GBA 2017 Advanced Compliance School, in partnership with the South Carolina Bankers Association, helps students to grow their compliance skill set and take their bank’s compliance program to new levels. The curriculum provides a dynamic training opportunity for compliance professionals with two or more years of compliance experience. So, as you work on your budget for the coming year, we urge you to make a solid investment in your team by sending an emerging leader to the GBA 2017 Advanced Compliance School. Sending a team member will benefit your student, your bank, and our industry’s future. The school will be held May 7-12, 2017 at the UGA Conference Center and Hotel in Athens. Click here to read all about it and enroll online. Contact GBA’s Kathy Friestad with questions at 404.420.2024.

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 Online Course!

The Mortgage Lending Business

This six-week course is an overview of the mortgage lending business, including mortgage banker, broker, and lender business models; the role of government and agencies such as Federal Housing Administration and the Veteran’s Administration programs; other key players like Fannie Mae and Freddie Mac; important real estate laws; and the basics of real estate investing. More about the course here...

The GBA Job Bank Gets Results

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 Bo Brannen at 404.420.2014.

Free ABA Insurance Webinar Sept. 13

Workplace Issues Your Bank May Face

Hosted by ABA Insurance Service’s Laura Simmons, this free session will address current workplace issues presented with real-life examples that should be on bankers’ radars. Topics to be covered include:
  • Recent FLSA/wage and overtime changes mandated by the US Department of Labor
  • LGBT/diversity workplace issues
  • Recent attempts by the NLRB to regulate non-union employers on the issues of social media, arbitration and more
  • Best practices to avoid retaliation claims.

Build a Strong Card Portfolio with Help from Corserv Solutions

One of the most consistent themes we've heard from GBA member banks in the past few years has been the search for new sources of loan growth and revenue. One possible avenue is theCorserv Account Issuer credit card program. Corserv can help a bank systematically build a predictable, profitable, easily managed credit card portfolio. Consumer, small business and corporate card programs available. Find out what's unique about the Corserv Account Issuer card product here...

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 Community 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...
Heritage Bank
Providence Bank
Neal

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.