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Home I GBA University I Member Services I Volunteers I Government Relations I Calendar of Events   January 3, 2014

 

Decision Pending on Volcker Rule Prohibition of TruPS CDOs

Jan. 15, 2014 is the date by which regulators say they will officially address whether pooled investment vehicles for Trust Preferred Securities (TruPS), such as TruPS CDOs, will be subject to the Volcker Rule. Regulators made the announcement of a pending decision Dec. 27 and reiterated it in a follow-up statement Dec. 30. A key component of the most recent announcements is that the regulatory accounting staffs "believe that any actions in January 2014 that occur before the issuance of December 31, 2013 financial reports … should be considered when preparing those financial reports." In related news, the Washington, D.C., Circuit Court of Appeals delayed action until Jan. 17 on a lawsuit challenging the TruPS CDO prohibition filed on Christmas Eve by the ABA and three community banks. "We think these are positive developments, and it is good the regulators are acting with a sense of urgency to clarify their position and seriously consider the concerns of community banks. We appreciate ABA and the community banks named as plaintiffs in the litigation for their efforts in highlighting the seriousness of the original decision," said Joe Brannen, GBA president and CEO. Bankers holding TruPS CDOs in their bank's investment portfolio have been concerned that they may need to sell their ownership interests, often at a significant loss, and many banks would need to book those losses with their yearend 2013 statements. If you have an investment in a TruPS pool, we recommend you immediately contact your bank's accountant to discuss how the investment should be treated in your year-end statement and closely monitor the pending regulatory and legal actions. With questions, contact Joe Brannen, 404.420.2026.

 

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Registration Continues for Legislative / Economic Forum and Legislative Reception

GBA member advocacy opportunities for 2014 kick in to high gear Jan. 15 at the annual GBA Legislative / Economic Forum and Legislative reception in Atlanta. Governor Nathan Deal will be among those speaking at the Forum, and we've already received RSVPs from a big crowd of legislators and GBA members for the reception. Our venues for the events, the Georgian Terrace and Fox Theatre, will make for a unique afternoon and evening experience for members this year. Make your reservations today. Get full details and access online registration here. The Forum starts at 3 p.m. and the Legislative Reception starts at 6 p.m. The special price on rooms at the Georgian Terrace ends soon, so don't delay. The negotiated rate is $129 per night for a single or double room. Reserve a room by calling the hotel directly at 404.897.5053. Be sure to tell them you are with the Georgia Bankers Association to receive the special rate. With questions about the hotel, the forum or the reception, contact GBA's Susie McGehee at 404.420.2010.

 

 

2013 BankPAC Closes Out

The Georgia BankPAC Board of Directors wishes to thank all of the bankers, Associate Members and Bank Counsel Section members who generously contributed to the 2013 BankPAC Campaign. The FedPAC exceeded its’ goal with the help of 461 individual bankers contributing while just over 60 banks made a contribution to the StatePAC. These important funds will assist GBA in being involved in the political process both in Washington, DC and in Atlanta as we enter an important election year at all levels. Recent year-end contributions to the FedPAC were received from HeritageBank of the South, Albany, Len Dorminey, CEO and a StatePAC contribution was received from Metro Bank in Douglasville, Ken Barber, President & CEO. With questions, please call Elizabeth Chandler at 404.420.2027.

 

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Top 10 GBA Member Resolutions for 2014

Here are 10 great ways you and your bank can ensure you're getting the most value from the advocacy, community, education and services resources your GBA membership provides:

1. Talk to your elected officials quarterly, at least

2. Invest in your career or that of others by attending or sending team members to GBA University

   conferences, seminars, webinars and AIB courses.

3. Appoint a Leadership GBA Representative (it's free!)

4. Volunteer for or nominate bankers to GBA Committees

5. Send banker(s) to the Georgia Banking School

6. Attend the GBA Annual Meeting

7. Use GBA products and services

8. Use a GBA Strategic Partner or Associate Member

9. Make full use of GBA Insurance Trust Healthcare and Life Insurance plans

10. Participate in GBA Retirement Services plans.

The entire GBA staff is excited about the new year and is committed as ever to exceeding your expectations for your Association. Contact any of us when we can be of service.

 

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GBA Past Chairman Cliff Campbell Dies

We were saddened to learn that former GBA Chairman, Cliff Campbell, died on Dec. 26 following a brief illness. Campbell was GBA chairman in 1980-1981 and at the time was president of C&S Bank in Thomasville. He had a long and distinguished career serving both the banking industry and local and national organizations. His obituary linked here gives more details about his well-lived, extraordinary life. "Cliff had just been installed GBA chairman when I was privileged to join GBA in July, 1980. Like he did for so many other youngsters under his tutelage, Cliff was constantly available. His wise counsel and tireless enthusiasm got me off on the right foot, and I will forever be grateful to him. I had the opportunity to attend his funeral service Sunday in Thomasville and visited with his wife, Frances, afterwards. She wanted to let everyone know how much the banking industry and especially the friends they met through the Georgia Bankers Association meant to Cliff and her over the years," said GBA president and CEO Joe Brannen.

 

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New Escrow and HMDA Exemption Thresholds Announced

There are new asset size exemption thresholds for banks related to escrows for higher-priced mortgages and Home Mortgage Disclosure Act (HMDA) provisions. Banks with less than $2.028 billion in assets are below the exemption threshold for having to establish escrow accounts for higher-priced mortgages under Reg Z. Banks with less than $43 million in assets are below the exemption threshold for having to meet HMDA (Reg C) provisions.

 

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State's Population Approaches 10 Million

Georgia's population grew to 9,992,167 in 2013, according to the latest U.S. Census Bureau estimates.
The state added just more than 76,500 people from July 1, 2012, to July 1, 2013. Since 2010, Georgia's population has grown by 3.1 percent, outpacing national growth of 2.4 percent. Georgia remains a high-growth state with an attractive business climate compared to many other areas of the country. The largest population increases over the year were in Texas, California and Florida. California remains the most populous state, with more than 38.3 million people.

 

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FHFA Fee Hike to be Reversed

The incoming director of the Federal Housing Finance Agency, Mel Watt, said he will reverse the agency's decision to raise the mortgage guarantee fees Fannie Mae and Freddie Mac charge. The agency announced the hikes Dec. 9. Watt takes office Jan. 6, and he said he wants to "evaluate fully the rationale for the plan and the plan's likely impact on the GSE's risk exposure, the cost and availability of credit and how the plan would interface with the qualified mortgage standards."

 

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Electronic Payments Continue Climb

Credit and debit card payments comprise about two-thirds of all noncash payments according to the Federal Reserve's latest electronic payments study. The total number of noncash payments, excluding wire transfers, was 122.8 billion, a growth rate of 4.4 percent annually from 2009 to 2012. Prepaid card use enjoyed the biggest annual growth over the survey period, rising 33.5 percent annually to 3.1 billion transactions, or 7 percent of the total. With the recent hack of Target's transaction system fresh in everyone's minds, it is interesting to note that study estimates that there were 31.1 million unauthorized payment transactions in 2012, with a value of $6.1 billion.

 

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A Limited Supply of Holiday Closing Decals are Available - Claim Yours Today

Posting GBA's Holiday Closing Decals shows that you respect your customers' time and business. Plus, your bank is required to post notices about holiday closings at every branch location. This year with our buying power, we have lowered prices again on our decals, and the more you order, the more you save. The new price is $35 per set for orders of 1-5 sets, $32 per set for orders of 6-10 sets and $30 per set for orders over 10 sets. These decals are an affordable and attractive option for meeting the notification requirement, and they present a polished, professional look for each branch. GBA has an extremely limited number of sets still available, so It is important to place your order as soon as possible, To place your order, please contact Kenyetta Parks at 404.420.2035.

 

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IRA Basics Seminar Feb. 12

Take advantage of learning everything A to Z about IRAs by attending GBA's IRA Basics seminar. Included with the cost of the seminar each attendee will receive the 225-page IRA Training and Reference Manual, otherwise known as the IRA Survival Guide or the Red Book. Designed for new account representatives, certificate of deposit personnel and any officer/manager who oversees the IRA department, the seminar will be led by Patrice Konarik with Sunwest Training Corp. in Gilchrist, TX. This comprehensive workshop will provide you with a complete understanding of the IRA as well as a review of significant proposed changes. This one-day seminar will be Feb. 12 at Idle Hour Country Club in Macon. Click here to register online. With questions, please contact
Danielle Driggers at 404.420.2002.

 

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The 2014 Operations / Technology Conference Agenda is Set, Join us March 5-6

The 2014 Operations/Technology Conference will be March 5-6 at the Cobb Galleria Centre in Atlanta. The program will provide bankers involved in the operations or technology sides of the bank sessions about the branch bank of the future / the future of self-services; electronic fraud / account takeover; an insider's perspective from a panel of IT and finance college students on what the consumer of the future and banker of the future might look like; a discussion on technology regulatory trends; peer exchange; and a panel of bankers from small, medium and large banks discussing mobile banking and the future of mobile security. Attendees will also hear from conference exhibitors. Check the GBA website for a program agenda coming soon. Click here to register online. GBA has reserved a block of rooms at the Marriott Courtyard Cumberland Center at $139/night. Call 800.321.2211 or 770.952.2555 to make a reservation. The hotel is located at 3000 Cumberland Blvd., Atlanta 30339. GBA has also reserved a block of rooms at the Renaissance Waverly Hotel at $169/night. Call 800.468.3571 or 770.953.4500 to make a reservation. The hotel is located at 2450 Galleria Parkway, Atlanta 30339. The cut-off date at both hotels for the GBA special is February 12 and rooms may sell out before this date. With questions, contact Kathy Friestad, 404.420.2024.

 

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Winter and Spring 2014 Conferences Slated

In addition to the Operations / Technology Conference mentioned above, GBA's 2014 annual winter and spring conferences are confirmed, so mark your calendar now. GBA's committees of bankers from around the state work hard to develop conference programming that provides bankers with an ideal balance of education, industry updates, peer group discussions, and networking inside and outside the meeting room. See below for the conference that will fit your needs or the needs of one of your bank's employees:

 

  • Bank Security Conference Sponsored by GBA's Security Committee
    April 10-11, 2014 (Thursday and Friday) Savannah Marriott Riverfront
    Registration will open soon...

 

  • Rural Development and Lending Conference Sponsored by GBA's Agriculture Committee
    May 15-16, 2014 (Thursday and Friday) Savannah Marriott Riverfront
    Registration will open soon...

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GBA-U Webinars

Background Checks for Job Candidates, Avoiding Signature Card Mishaps and Lending 101

A GBA Webinar is a great way to quickly get the training you need right from the comfort of your office. Here is a sample of upcoming offerings. Check the GBA-U Calendar of Events for any webinars you are interested in at www.gabankers.com.

 

Jan. 7

Basic Cash Flow Analysis

Jan. 8

Dealing With Subpoenas, Summonses, Garnishments, Tax Levies, Etc.

Jan. 8

Background Checks, References and Pre-Employment Testing

Jan. 9

15 Reasons Name and TIN Numbers May Not Match

Jan. 14

How To Avoid Signature Card Mishaps

Jan. 15

Regulation CC

Jan. 17

BSA Confidentiality Issues: Subpoenas, NSLs, Law Enforcement & Lawsuits

Jan. 21

Lending 101

Jan. 22

UDAAP: What Your Frontline Needs to Know & Do

 

Webinars are live and allow time for questions and answers. The $255 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 Danielle Driggers at 404.420.2002.

 

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AIB Instructor-Led Courses

Analyzing Bank Performance, Analyzing Financial Statements, Principles of Banking among Popular AIB Offerings Coming Soon

Here are instructor-led AIB online classes coming up in February. These courses have weekly assignments as well as midterm and final exams. All you need is a computer, printer and Internet access. Classes with an asterisk require Microsoft Excel Software. Please register two weeks in advance to secure a seat in the class. For more information, contact Alison Moreau, 404.420.2034.

 

 

There are still seats available in this AIB online class coming up late January. Please register as soon as possible to secure a seat in the class. For more information, contact Alison Moreau, 404.420.2034.

 

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Loan-Growth Opportunity, Speed to Market Highlight Corserv's Credit Card Program

One of the most consistent themes we've heard from GBA member banks in the past year has been the search for new sources of loan growth and revenue. The Corserv Account Issuer credit card program can help a bank systematically build a predictable, profitable, easily managed credit card portfolio. Some of the highlights are:

  • Visa or MasterCard brands available, complete with rewards and other features

  • Consumer, small business and corporate card programs available

  • The bank originates, funds and keeps the account balances on its books

  • Corserv manages the operational and regulatory aspects of account management, including collections

  • Corserv provides plug-and-play processes, policies and technologies to support the program

  • Corserv assumes total responsibility for card fraud

  • Speed to market, with the capability to launch customer offerings in less than 90 days.

  • Corserv offers the Account Issuer program in partnership with Pinnacle Bank of Nashville, TN. This leverages Pinnacle's credit card platform to enable other community banks to efficiently originate, fund and service credit card loans to their local customers.

  • Corserv's management team is led by card-industry expert Jerry Craft, who has a long track record of building successful credit card portfolios in Georgia. The management team averages more than 25 years of card-industry experience each.

Here are links to some more information about Corserv and its Account Issuer program. If you and your bank are considering a credit card program, are looking for new loan growth or are considering a review of your current card-program partner, Contact Jerry Craft at 404.939.6950 (office) or 404.304.0562 (mobile).

 

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Protect Your Human Capital and Your Bank with Employment Law Resources

Monitoring revisions and changes to labor laws that affect the banking industry can be a challenge. Your bank can stay ahead of the curve with help from GBA Strategic Partner Employment Law Compliance, Inc. (ELC). ELC has a successful history of working with community banks of all sizes that may not have a large HR staff or
in-house employment counsel. The professionals at ELC average 25 years of experience in their field. ELC's entire staff is committed to designing and maintaining the best solutions and services to help your bank. For more information, please contact ELC's Steve Greene at 770.206.3371.

 

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Trust and Investment Management Services for Your Bank's Valued Customers

Reliance Trust Company, headquartered in Atlanta, is one of the largest independent trust companies in the country with more than $109 billion in assets under management and administration and a leading provider of personalized financial services for individual, corporate, and institutional clients. Reliance can add fee-based revenues through financial advisory services to individual and business customers, directors and bank employees. Services include:

 

  • Wealth management and personal advisory services

  • Separate account management

  • Money manager consulting

  • Trust and fiduciary services

  • Financial, estate, and tax planning

  • Retirement plans and investments

  • Outsourcing services to financial intermediaries.

Reliance Trust's team of experts also regularly provides good, transparent analysis and insight on how to succeed in today's financial marketplace through a variety of online publications. Click here to learn more. For more information, contact Reliance's Mark Teichner at 404.965.7239 or GBA's Bo Brannen 404.420.2014.

 

 

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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.

 

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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 Bo Brannen.

 

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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, so we've started a feature here called GBA Community Connections. Send 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. See these and other member community contributions on GBA's new Facebook page. Here's our latest installment:

 

Albany - Heritage Bank of the South

Employees at every branch worked to fill multiple toy boxes for Toys for Tots this holiday season

 

Atlanta – Midtown Bank & Trust Company

The bank recently put forth strong efforts to be involved the Midtown Atlanta community through volunteer opportunities with Children's Healthcare of Atlanta's Christmas Parade, Atlanta Community Food Bank, Make a Wish Foundation and Clark's Kids. In 2014, the bank will continue work with the Midtown Alliance, Habitat for Humanity and other nonprofits. "As we do well within our community and support our local nonprofits we hope in return that the community of Midtown will be influenced by our volunteer efforts, grow along with us and reflect the same generosity to make Midtown and Atlanta the best that it can be." said bank president
Stan Kryder
.

 

Heritage Bank of the South bankers pictured left to right:
Downtown Albany Branch Manager, Deborah, Personal Banker, Michelle, and Salvation Army rep, Faye.

A group of Midtown Bank & Trust team members ready to serve.

 

Community Connections is brought to you by Promontory Interfinancial Network

Promontory's Bank Assetpoint helps buyers and sellers of bank assets connect with each other, as well as with specialty service providers whose services can facilitate a sale. With Bank Assetpoint, you can post listings or search for a wide variety of assets, including performing and nonperforming loans, loan participations, loan pools and commercial REO. Learn more at BankAssetpoint.com, or contact Danny Capitel, regional director, Promontory Interfinancial Network.

 

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Newsmakers

 

Atlanta - Georgia Commerce Bancshares, Inc.

The holding company of Georgia Commerce Bank, Mark Tipton, CEO and Chairman, has announced the completion of the acquisition of Brookhaven Bank after receiving all shareholder and regulatory approvals. 

 

Atlanta – SunTrust

SunTrust Equipment Finance and Leasing named Lawrence Watts Head of Capital Markets and Louis Sombat as Director of Operations.

 

Covington – Newton Federal Bank

Jayn Lawson has been named Vice President, Human Resources Manager.

 

Dawsonville – Foothills Community Bank

CEO Charles Buckner has announced that as of January 1, 2014 First Citizens Bank of Georgia has changed its name to Foothills Community Bank. There is no ownership or management change; just a name change.

 

Lyons – Peoples Bank

The FDIC Nov. 26 lifted the Consent Order the bank had been operating under since Nov. 30, 2011.

 

Macon - State Bank and Trust Company

George Slappey will retire as Houston-Dooly Market President on March 31. Christie Drexler has joined the bank and will become Market President for Houston-Dooly counties following Slappey's retirement.

 

Moultrie - Southwest Georgia Bank

George Kirkland has been promoted to Executive Vice President of Southwest Georgia Bank and Southwest Georgia Financial Corporation. Alan Parker has been promoted to Assistant Vice President. Leah Williams has been appointed Assistant Vice President and Auditor.

 

Sandy Springs - Signature Bank of Georgia

Melanie Brown has joined the bank as Senior Vice President and Managing Director of SBA Lending.

 

Savannah - BB&T

City Executive Toby Moreau has been named Chairman of the Savannah Area Chamber of Commerce for 2014.

 

Watkinsville - Oconee State Bank

The FDIC Dec. 11 lifted the C&D Order the bank had been operating under since Aug. 18, 2009

 

Alpharetta - Safe Systems

GBA Associate Member Safe Systems' hosted email exchange solution, SafeSysMail, has received the BankNews Innovative Solutions Award for best Consulting/Outsourcing/Training solution.

 

Tipton

Lawson

Drexler

Kirkland

 

Parker

Williams

Brown

Moreau

 

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Georgia Bankers Association I 50 Hurt Plaza, Suite 1050 | Atlanta, Georgia 30303 | 404.522.1501