Georgia Bankers Association - The Resource that Empowers

Home I GBA University I Member Services I Volunteers I Government Relations I Calendar of Events    June 13, 2014

Passing of the Gavel Slated Next Week

GBA’s 124th chairman will pass the ceremonial gavel to his successor at the annual meeting next week. Yes, you read the number right: 124 bankers have been honored by their peers to serve as the chief elected officer of the association since its founding in 1892. “Stan Kryder, president and CEO of Midtown Bank & Trust, has served the association tirelessly and with great enthusiasm. He deserves the thanks of all Georgia bankers,“ said GBA President and CEO Joe Brannen. Under Kryder’s leadership, the association has continued to enjoy enormous support from the members as shown by huge increases in attendance at all our conferences and events this year. And GBA’s member services offerings are used daily by a growing number of members throughout the state. During his year at the helm, Kryder was especially focused on helping tell the positive story of bankers’ involvement in their communities and the critical role banks play in the overall economy. Industry advocacy was also an important focus as Kryder called on bankers to continue helping educate policymakers on the importance of a more sensible regulatory structure for all banks.
Congratulations, Stan, on a job well done.

 

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GBA Senior Lending Officer Roundtables Wrap Up First Year.

Last week all three GBA Senior Lending Officer Roundtables met. Group 1 met in Macon at Idle Hour Country Club, while Groups 2 and 3 met at The Georgian Club, Atlanta.  Ryan C. Inlow, partner, Mauldin & Jenkins, LLC, Albany, spoke to all three groups about the new accounting framework for small businesses. The roundtables are facilitated by Paul Sims, president of Guided Solutions, Franklin, TN. These roundtables provided an in-depth look at all the latest issues facing senior lending officers in Georgia. If you are interested in joining one of these groups, please contact Alison Moreau at GBA to learn more and sign up for this year.

 

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15 Georgia Bankers Complete the Graduate School of Banking at LSU.

The 65th-annual session of the Graduate School of Banking at LSU in Baton Rogue wrapped up last week with a good contingent of Georgia bankers in attendance. Fifty Georgians were among the more than 500 banker-students from 22 participating states enrolled in this year's session. Academics are taken seriously, and there were 15 graduating bankers from Georgia who worked hard completing ten bank study projects and attending approximately 140 hours of class during the three-year program. You can see a list of those students here. Congratulations! Two directors from Georgia serve on the Board of Trustees: Jay Forrester, Georgia Bank and Trust, Augusta, and Joe Brannen, GBA president and CEO. With questions about the Graduate School of Banking contact Joe Brannen at 404.420.2026.

 

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DBF Issues Final Rules

The Georgia Department of Banking and Finance issued final rules June 10 that cover a variety of issues. The rules take effect June 30. There was one substantive change to the final rules, which were proposed May 10.  Rule 80-11-5-.01 was revised to extend the period of time to correct a deficient mortgage loan originator application from five calendar days to five business days. There were no substantive changes to the issues we reported about in our May 16 edition dealing with investments, fixed assets, assets acquired for debt previously contracted and payment instrument sellers.

 

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Virtual Currency Investing Gets Another Warning

Georgia Secretary of State and Securities Commissioner Brian Kemp this week issued a warning to investors about virtual currencies. Georgia businesses, consumers, and investors should consider a variety of risks, and more, before active involvement with virtual currencies, the alert said. It defines Virtual currencies as digital or crypto-currencies such as Bitcoin. The advisory is similar to a recent warning issued by the Georgia Department of Banking and Finance. Earlier this week, travel website Expedia announced it will begin accepting payment in Bitcoin. While regulators are sounding alarms, Expedia's move is another example of the contradictions out there with this new world of currency.

 

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HR Alert

Clock Ticking On GBA Comp. & Benefits Survey

The June 30 deadline is coming up for member banks to participate in GBA’s Compensation and Benefits Survey. Participation is free, and by taking part you can save $250 off the price of the results. The more members that participate, the better resource this will be for guiding strong, competitive compensation and benefit programs. There are nine new job titles surveyed, as well as 10 updated or adjusted titles. And, there’s a special section about the Affordable Care Act based on feedback from our members. Here's a link to this year's survey instructions and access to the data input system. Our survey is conducted by Matthews, Young - Management Consulting, which has more than 43 years of Community Banking Compensation expertise. With questions, contact GBA's Kenyetta Parks, 404.420.2035, or Mathews, Young's Randy McGraw, 919.644.6962 ext. 1105.

 

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Elder Abuse Awareness Day is June 15

We’re joining a worldwide effort to make more people aware of elder abuse and how to take preventive measures. June 15 is Worldwide Elder Abuse Awareness Day. A 2011 MetlLife Study showed that elders in the United States lost more than $2.9 billion annually from elder abuse. Any employee of a financial institution in Georgia having reasonable cause to believe that a disabled adult or elder person has been exploited financially is required to report the suspected abuse. Here’s a link to the reporting website and information from the Georgia Department of Adult Protective Services. Here’s link to a list of tips for avoiding elder abuse. Also, see the attached scam alert article from GBA Associate Member Guardian Analytics about a new twist on the Sweetheart Scam that often targets older people.

 

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CFPB Roundup

CFPB Reform Bills Advance

The U.S. House Financial Services Committee this week passed four bills to reform the CFPB. GBA supports the measures, and we’ll be encouraging the Georgia delegation to support moving them to full House votes. With questions, contact Elizabeth Chandler, 404.420.2027, or Joe Brannen, 404.420.2026. The bills are:

  • H.R. 3389, introduced by Financial Institutions Subcommittee Chairman Shelley Moore Capito (R-WV), would reform the Consumer Financial Civil Penalty Fund and ensure that funds are made available to victims of activities for which civil penalties have been imposed under federal consumer financial laws.
     

  • H.R. 3770, introduced by Representative Steve Stivers (R-OH), would require an independent Senate-confirmed Inspector General for the Consumer Financial Protection Bureau.
     

  • H.R. 4539, introduced by Representative Michael Fitzpatrick (R-PA), would bring about greater transparency at the Bureau by requiring the Bureau when issuing a research paper to include all studies, data and other analyses on which the paper was based.
     

  • H.R. 4684, introduced by Representative Marlin Stutzman (R-IN), would provide for a notice and comment period before the Bureau issues guidance.

Mobile Banking Under Review

The CFPB has asked for consumers, bankers and others to give it details about how they use and experience mobile banking. The bureau is interested in examples of how mobile banking creates new opportunities for unbanked or underbanked consumers, information about barriers to access for customers and thoughts about consumer protection issues associated with the technology. “In a world where people can manage their money on the go, there is great potential to serve more consumers and allow them to take greater control of their finances,” said CFPB Director Richard Cordray. “But we need to make sure all consumers are protected whether they are opening their wallets or scanning the screen on their smartphones.” Responses to the CFPB’s inquiry are due Sept. 9.

 

Website Maps Out All Regulations

Compliance professionals will want to bookmark the CFPB’s eRegulations website. It is a first-stop resource for understanding and researching the consumer banking regulations under the bureau’s purview. eRegulations is a web-based tool that makes regulations easy to find, read and understand with features such as inline official interpretations, highlighted defined terms, and a revision comparison view. Regulation E (Electronic Fund Transfers) and Regulation Z (Truth in Lending) are currently highlighted.

 

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Deposit Insurance Education Page Updated

Check out the FDIC’s updated page for consumer education about deposit insurance. There are new videos and infographics that explain deposit insurance. There’s also still access there to the FDIC’s easy-to-use estimator that lets customers figure out how much of their deposits are insured. Here’s a link to the page.

 

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Call Reporting Seminar - June 24

GBA will host its annual Call Reporting seminar June 24, at Idle Hour Country Club, Macon. This one-day seminar presented by Mauldin & Jenkins, LLC, will offer practical techniques to improve your overall reporting process. Participants will receive a detailed line-by-line review in the completion of each schedule of a Call Report. Appropriate items to be reported and relationships between schedules will be discussed as part of this review. In addition, changes to the Call Report effective in 2014 will be discussed, along with the 2015 changes to Schedule RC-R. Most commonly-used schedules within the Call Report will be addressed, with an emphasis placed on Schedules RC-C and RC-R. To register, click here. With questions, please contact GBA’s Danielle Driggers at 404.420.2002

 

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Free Webinar - June 25

D&O, Bond, Cyber and P&C Claims Trends and Emerging Issues from ABA Insurance Services

Join ABA Insurance Services’ Mike Read on June 25 from 2-3 p.m. for a review of current claims trends and how these are analyzed under various insurance policies including D&O, EPLI, Cyber and the financial institution bond. Get a glimpse into the future as we look at emerging issues that are likely to drive claims going forward and gain tips on how to avoid losses. ABA Insurance Services offers a GBA-endorsed D&O/Bond program as well as a P&C program for financial institutions. Recognized for underwriting and claims handling expertise, this unique bank-owned, banker-directed program has been insuring and supporting banks countrywide for almost 30 years. Click here to register for the Webinar. For questions, contact ABA Insurance Services’ Catherine Kopera at 800.274.5222 or ckopera@abais.com.

 

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AIB Course Highlight

Supervisor Certificate

This course prepares new and potential first-level supervisors to handle people-management duties. Among the topics covered are hiring, performance management, coaching, rewards and recognition, corrective action, managing employee relations, and managing change. Click here to learn more or to register or contact Alison Moreau, 404.420.2034.

 

Introduction to Mortgage Lending, Principles of Banking, General Accounting and More from AIB

Below are instructor-led AIB online classes coming up in July. 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.

 

July 7

Introduction to Mortgage Lending

July 7

Economics for Bankers

July 7

Principles of Banking

July 14

Consumer Lending

July 14

Law & Banking: Applications

July 14

Money & Banking

July 21

Marketing Financial Services

July 21

Introduction to Agricultural Lending

July 21

Law & Banking:  Principles

July 21

Supervisor Certificate

July 28

General Accounting

 

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GBA-U Webinars

CRA Exams, UDAAP, New Account Procedures and More Spotlighted in Upcoming GBA Webinars

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.

 

June 17

Seven Habits of Effective Credit Administration in Commercial Banks

June 18

CRA Nuts & Bolts - Five Steps to Pass the Exam

June 19

The State of UDAAP: Dealing with a New Reality

June 24

The Final Rule on Federal Benefit Payments Garnishment Requirements

June 25

Endorsements on Fiduciaries, Trusts, Estates, and Business Accounts: Who is Authorized to Negotiate

June 25

Writing a New Accounts Procedures Manual

June 26 How to Use Business Resolutions and Authorizations to Protect Your Financial Institution
June 26 Vendor Management Best Practices - How to Address the New Challenges & Increased Regulatory Scrutiny
June 27 BSA Series: Risk Assessments, Models, Validation and Tuning

 

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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Firearms Policy Decals Available

With the recent passage of the Safe Carry Protection Act in Georgia, we have received some requests from GBA members that have policies against firearms in their branches about the availability of “No Firearms” notification to remind customers that firearms are prohibited at their bank. We have contacted a local company that has designed a decal in compliance with the terms of the new statute that will be effective for those banks that wish to purchase them. You can see an image of the decal at right. We understand that banks deciding to use the notices should post them at all points of entry to the building and that the basic legal standard is that the sign must be reasonably adequate to put a person on notice of the prohibition. Features of the "No Firearms" decals from the GBA are:

  • Decals are 6”x9” and easy to spot

  • Decals have front-side cling and are applied inside windows

  • No messy adhesive and the decals can be moved and reused easily

  • A “No Firearms” graphic as well as verbal notice

  • The reference to guns is generic and inclusive (for example, firearm vs. handgun) to avoid arguments over exactly what is prohibited.

We are now taking preorders for these decals, and it’s important to place your orders with us before June 20 so we can get the decals to you quickly as the Safe Carry Protection Act goes into effect July 1. Decals are $9 each for up to 10 decals and $8 each for orders of more than 10 (plus tax and shipping). To place an order today or with questions, please contact Kenyetta Parks at kparks@gabankers.com or 404.420.2035.

 

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Rely on GBA Strategic Partner Gladiator Technology® for Protection against Today’s Malware Threats

With about 200,000 new variants of malware written every day, malicious software infections on bank networks continue to pose a major security threat. Traditional anti-virus protection is no longer sufficient to protect your network and non-public information from today’s complex threats. Turn to Gladiator Technology from ProfitStars® for help in staying one step ahead of the bad guys. Gladiator® Advanced Malware Protection™ (AMP) is a robust, cloud-based solution that that provides a safe and secure Domain Name Service (DNS) to proactively protect against today’s sophisticated malware threats. Further, this cutting-edge layer in malware defense leverages the expertise of the Gladiator Security Research department, including its Internet Threat Watch List database, and industry-leading partners in DNS security and threat intelligence. Gladiator is a GBA Strategic Partner. Contact 877-GLADTECH for immediate assistance or visit www.profitstars.com for more information.

 

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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. Read all about the Community Connections our banks and members have below. 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, or if your company would like to sponsor this content, let us know. See these and other member community contributions on GBA's Facebook page. Here's our latest installment:

 

Alpharetta - Bank of North Georgia, a Division of Synovus

The bank had tremendous success hosting its Seventh-Annual “Spread the Love” Peanut Butter and Jelly Food Drive to benefit 30 local food pantries. The bank collected 5,857 jars or 7,153 pounds - which is more than three-and-a-half-tons of PB&J. That is enough to make more than 57,000 sandwiches for children in metro Atlanta. Local residents, customers and team members were encouraged to visit any of the 41 branches and drop off as much peanut butter and jelly as they could carry. “Our customers and team members are passionate about making a difference in the communities we serve. There are more and more families that reach out to local food pantries for assistance,” said Rob Garcia, President and CEO of Bank of North Georgia. “We wanted to be sure they have the nutritious food they need to get through the day energized and excited to learn. A lot of hard work has gone into making the PB&J drive a huge success, and we want to thank our customers and team members for taking the time to donate.”

 

 

Atlanta - Community & Southern Bank

The bank is helping young readers in Cherokee County by donating money to provide funding for the Fizz, Boom, Read initiative and events for the Sequoyah Regional Library System summer reading campaign. The program includes events featuring magician and comedian Ken Scott at various Cherokee County library branches, and runs through the week of July 28. The donation will ensure the library’s science-themed literacy campaign runs smoothly by helping secure resources - like a petting zoo - designed to complement and enhance the interactive summer curriculum for Cherokee County’s young readers.

 

Hinesville - The Heritage Bank

The bank’s Hinesville Main Office at 300 South Main Street is hosting a community shred day on June 14 at 9 a.m.

 

 

Cartersville - Century Bank of Georgia

The bank recently awarded its 2014 Century Bank of Georgia-Sam Smith Memorial Scholarship to graduating senior Isaiah Ross of Woodland High School.

 

 

Calhoun - Georgia Bank & Trust; a Division of Synovus

That bank is a proud sponsor of the 2014 Leadership Calhoun/Gordon County class that graduated May 8.

 

From left to right is Michael Arisohn of Community & Southern Bank,
Melanie E. Pullen of the Sequoyah Regional Library System,
and Darlene Holtzman of Community & Southern Bank.

 

Community Connections is brought to you by Diebold Inc.

For more than 150 years, Diebold, Incorporated, has brought together a combination of innovation, expertise and quality service to become a global leader in providing integrated self-service solutions, security systems and services. Find out more about Diebold here.

 

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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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Newsmakers

 

Albany - HeritageBank of the South

Financial Advisor Bucky Leach was recently recognized in Focus, a leading financial services industry magazine.

 

Americus - Citizens Bank of Americus

Our sympathies to the family and friends of William S. ("Bill") Perry, Sr. who passed away unexpectedly on May 31. Perry served as a director of Citizens Bank of Americus from June 1992 to January 2014.  He was the founder of Perry Brothers Oil Company, a Chevron Oil distributor for more than 57 years. He was a director of the Georgia Oilmen's Association and past chairman of the Southeastern Lubrication Board. 

 

Atlanta - Community & Southern Bank

Debbie Tyson has joined the bank as Senior Vice President and Senior Relationship Manager. Paul Broni has joined the bank as Vice President and Senior Client Manager of the Middle Market Banking Group.

 

Atlanta, Raleigh,  NC, and Columbia, SC - First Citizens Bank and Trust

The bank's holding company, First Citizens Bancorp., is being acquired by  Raleigh, NC-based First Citizens BancShares, and will merge into its banking subsidiary, First-Citizens Bank & Trust Co.

 

Augusta - Queensborough National Bank & Trust

Adam Harris and Dagan Sharpe have joined the bank as Regional Managers.

 

Camilla - Planters & Citizens Bank

Congratulations to the directors, officers and staff of the bank which is celebrating its 101st anniversary this week.

 

Elberton - Pinnacle Bank

Congratulations to the directors, officers and staff of the bank which is celebrating its 80th anniversary this week. Here's a nice video that was produced to commemorate the milestone.

 

Greensboro - BankSouth

Jim Bedsole, the bank’s Chief Compliance Officer, was a featured speaker at the ABA Regulatory Bank Compliance Conference June 8. Bedsole is a member of the GBA Compliance Committee. He spoke in a session about how community banks can build an effective compliance risk management program.

 

Gwinnett County - BrandBank and Wells Fargo

Brian Fisher, SVP, Gwinnett Commercial Banking, Brand Bank, and Weare Gratwick, Vice President, Wells Fargo and Peachtree Corners City Council, were named to the Leadership Gwinnett class of 2015.

 

Atlanta - FisherBroyles LLP

Susana King and Dolph Winders have joined the firm as partners.

 

Leach

Perry

Tyson

 

Broni

Harris

Sharpe

 

Bedsole

Gratwick

King

Winders

 

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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