Nov. 13, 2020  

Bill to Exclude PPP Loans from Small-Bank Asset Calculations Gets House Hearing



The U.S. House Financial Services Committee Thursday discussed a bipartisan bill (H.R. 8675) introduced by Rep. Barry Loudermilk (R-GA11) and co-sponsored by Rep. David Scott (D-GA13), that would require federal regulators to exclude PPP loans from asset-size calculations for the purpose of determining capital ratios, deposit insurance premiums and other asset thresholds at banks with assets under $15 billion. “The purpose is to make sure that banks and credit unions are not subjected to more burdensome regulations as a result of assisting with an emergency economic relief program,” said a spokesperson for Rep. Loudermilk in press reports. We’ve provided input to Rep. Loudermilk and his staff on the legislation. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.


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Georgia Election Runoffs – #GABankersVote Democracy Days Continue

With Georgia being the center of the political universe over the next eight weeks in light of our two U.S. Senate runoffs determining which party will be in the Senate majority, we wanted to remind you of other runoffs as well and their pertinent dates.


  • December 1: A runoff in the special election for Georgia’s 5th congressional district to fill the remainder of the late Rep. John Lewis’ term. The winner of this race will only serve through Jan. 20, 2021, when Rep-elect Nikema Williams will be sworn in as the victor in the Nov. 3 general election.


  • January 5, 2021: The ballot will contain three runoff contests, including those for the U.S. Senate; Sen. David Perdue/Jon Ossoff and Sen. Kelly Loeffler/Rev. Raphael Warnock, and one runoff for the Georgia Public Service Commission; Incumbent Bubba McDonald/Daniel Blackman.


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State House Caucuses Organize

Earlier this week, both the Republican and Democratic caucuses of the Georgia House of Representatives met to elect their leadership for the upcoming 2021-22 term of the General Assembly. The Republican caucus nominated Speaker of the House David Ralston (Blue Ridge) and Speaker Pro-Tempore Jan Jones (Milton) as its nominees for their current positions, which will be finalized with a vote of the full House. The Republican caucus also re-elected Majority Leader Jon Burns (Newington), Majority Caucus Chairman Matt Hatchett (Dublin), Majority Caucus Whip Trey Kelley (Cedartown), Majority Caucus Secretary/Treasurer Bruce Williamson (Monroe) and Majority Caucus Vice Chairman Micah Gravely (Douglasville). Meanwhile, the Democratic caucus has elected James Beverly (Macon) as Minority Leader and nominee for Speaker of the House. Also elected were Minority Caucus Chairman Billy Mitchell (Stone Mountain), Minority Whip David Wilkerson (Powder Springs) and Caucus Treasurer Mary Robichaux (Roswell). Congratulations to all of the leadership members of each caucus. GBA looks forward to working with them all. With questions, contact GBA’s Elizabeth Chandler, 404.420.2027.


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Credit Conference Dec. 10-11

All-Access Virtual Attendance Options Available

How to Expose More of Your Bankers to Critical Content

With a dynamite agenda, we want to make sure this year’s GBA Credit Conference Dec. 10-11 is available for as many people as possible. Because we’ll livestream the conference, we’ve added registration options to make it more convenient and affordable for more bankers to participate. Maybe your CEO wants to hear the economic update from Roger Tutterow, or maybe you have several credit and lending officers who could benefit from hearing the housing and real estate updates from John Hunt and Cal Evans, but sending everyone is impractical. You could even have those without direct credit responsibilities tune in to Laura Hope Whitaker’s leadership/inspirational conference opening. The new options present a simple pathway to exposing more of your bankers to the unmatched content. The options are:

  • In-Person PLUS All-Access Virtual Pass – This option allows one person to attend in person but adds an affordable way for everyone else at the bank to attend one or more of the sessions from their office or remote work site. $495.


  • All-Access Virtual Pass – One registration price gets you a pass to share with everyone at the bank to see one or more of the streamed sessions wherever it is most convenient. $495

Single-person registrations for in-person and virtual attendance are also available at $395 per person. See all the details and access registration here. With questions, contact Alison Moreau, 404.420.2034


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GBA Member Profile

Accounting Lessons from Banking, Career Mentors, Singing and More with Candice Nanney

Candice Nanney, SVP/Chief Risk Officer/Compliance Officer/ISO for The Piedmont Bank in Peachtree Corners, got her first part-time job as a teller at the Bank of Monticello while she pursued her accounting degree at the University of Georgia. She learned two very basic but important lessons at the bank that would later help in her accounting career: loans are assets and deposits are liabilities at a bank, and when signing documents, it doesn’t mean anything if it doesn’t include a date, she says with a laugh. Nanney has quite a sense of humor. “I loved my time in the bank. I loved talking to customers, and I loved helping customers! At a young age, I saw how vitally important the community banker was to a small town and I wanted to be a part of making a difference in my community,” Nanney said. The Vice Chair of the Leadership GBA Board of Directors shares about the mentors who helped her along her journey, her vision for the future of community banking and more in her GBA member profile.


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Breaking News

Georgia Top Business State for Record Eighth Year

News broke late Thursday that Site Selection Magazine has named Georgia No. 1 for business climate for the eighth consecutive year. Georgia is the only state to receive the honor eight times in a row, breaking its own record set last year. The magazine’s headline for the story about the rankings notes how certainty and predictability are hallmarks valued by those determining the rankings. Congrats to Gov. Kemp and the team at the Georgia Department of Economic Development for their ongoing efforts to keep Georgia at the top. Read more here.


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PPP Update

Court Rules for More Data Disclosure, Forgiveness Fact Sheet Resource

Media and marketers may soon have more loan-level data about PPP borrowers to use in analysis and product peddling like we told you about in last week’s E-Bulletin. The U.S. District Court for the District of Columbia last week issued a ruling that the Small Business Administration (SBA) shall “release the names, addresses, and precise loan amounts of all individuals and entities that obtained PPP and EIDL COVID-related loans by November 19, 2020.” SBA had been sued by media groups led by the Washington Post after SBA refused to disclose the information. We haven’t heard whether SBA will appeal the decision. Also, this week we distributed to member CEOs and key contacts an updated PPP Forgiveness Fact Sheet that may be helpful to borrowers you may have that are still working on applications. Access the fact sheet here.


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Community Banks Recognized by FDIC for PPP Efforts

Community banks played a significant role in issuing PPP loans to help businesses maintain their payrolls during the pandemic, says a report by FDIC out last week. “While community banks hold a smaller share of industry-wide loans by dollar volume and number than noncommunity banks, their participation in the PPP has been larger than their share of both total loans and C&I loans,” the report said. Some highlights as of the June 30 call reports:

  • FDIC-insured banks held $482 billion, or 92 percent, of total PPP loans.

  • FDIC-insured community banks held $148 billion or 31 percent of bank-held PPP loans, compared to their 15 percent share of all bank loans.

  • More than 75 percent of community banks in nearly every state and U.S. territories are participating in the PPP.

  • Through their participation in the PPP, community banks reported an increase in their share of small business loans to 29 percent from 25 percent one year ago.

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Big-Picture Risks Outlined by Regulator

The OCC’s Semiannual Risk Perspective publication came out this week with insights into the regulator’s views about various risk factors that may be helpful to all banks. The report stressed that bank capital and liquidity remain strong, however, profitability is stressed by low interest rates and increasing levels of provisions for problem loans. Key risks included the pandemic’s effect on the economy and debt service capability, the long-term low-rate environment, cyber risk associated with increased remote work and various compliance risks related to economic recovery programs and efforts. Read the report here.


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FRM Conference Covered All the Bases

Peer panels and expert perspectives flooded the agenda for GBA’s Financial Risk Management Conference last week. Members attended the conference in person and virtually, and valued the diverse experience and points of view. “Overall good conference. The ALM panel provided the best information as to what other banks are doing right now. I attended virtually and it was a good experience,” commented one attendee in the post-conference evaluation. The conference kicked off last Thursday with a full overview of bank strategy trends in response to COVID by CenterState Bank’s Chris Nichols. Holt Redding of South Coast Bank moderated a panel of investment experts that included Raymond James’ Howard Benz, CenterState Bank’s Tom Fitzgerald, and the Baker Group’s Ryan Hayhurst. We got a glimpse into the regulatory playbook during a panel moderated by GBA General Counsel Jonathan Hightower of Fenimore, Kay, Harrison and Ford. Melissa Sneed, Georgia Department of Banking and Finance, Troy Hoskovek, FDIC, Jennifer Smith, FDIC, and Mary Stallworth, OCC, were panelists. On Friday, GBA’s Joe Brannen set the stage for the day with an industry and advocacy update, followed by the ALM panel led by Truist Securities’ Joel Updegraff. The banker panel included Wayne Byers, American Pride Bank, Andy Borrmann, SouthCrest Financial, Donna Kelley, First National Bank, Jane Skelton, Georgia Primary Bank, and Scott Wilson, Pinnacle Bank. The conference concluded with economist Lindsey Piegza of Stifel Nicolaus and Co. outlining the challenges for the economy into 2022. Daniel Stanford, SunMark Community Bank chairs the GBA Asset/Liability Management Committee, which planned the conference, and Jay Torbert, Southeastern Bank, is vice chair. We appreciate all the sponsors that supported the event.



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2020 BankPAC Campaign Update

The 2020 BankPAC campaign has enabled GBA to support elected officials who support the banking industry like never before. If you and your bank have yet to contribute, please find the campaign materials on the BankPAC page of GBA’s website. And, check out the progress of your GBA Group here. We appreciate all of our contributors and want to thank the eligible employees, officers and directors from First National Bank of Griffin, Chuck Copeland, president and CEO, for contributing to the GBA FedPAC this week. Thank you for your support of this important effort! With questions, contact Elizabeth Chandler, 404.420.2027.


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Small-Dollar Loan Program Gets Nod from CFPB

Banks interested in considering small-dollar consumer loan products will want to take a look at the CFPB’s No-Action Letter (NAL) it issued to Bank of America last week for a product it plans to launch. The bank’s program will offer customers loans of $100 to $500 for a flat fee of $5 and an APR the bank says will not exceed 36%. The CFPB’s NAL provides regulatory certainty that it will not bring a supervisory action against a company. The bureau is considering NALs for such products to further competition for small-dollar lending in a way that offers important protections for consumers. Read the letter here.


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With Discover® Debit, Your Bank Will Develop a More Profitable Debit Card Program

The Discover Debit program makes your brand stand out above the rest. The list of Consumer and Business Card Benefits available through Discover’s program are simply unmatched. Here are just a few of the valuable options your bank can choose from:

  • Lowest Purchase Price Guarantee - Consumer

  • Identity Theft Defense - Consumer

  • Zero Liability - Consumer

  • Human Resources Consultant - Business

  • Attorney on Call - Business

Discover Debit is also the only program that delivers superior economics, simplified rules, fee transparency and unmatched program flexibility. Discover Debit is an offering of the PULSE Network, a Discover Company. With questions, contact Rich Green at or 346.204.6120.


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Employee Benefit Selections are Easy and Affordable with Holmes-Shaw

Holmes-Shaw has built a full portfolio of complementary products and services around the GBA Insurance Trust's core benefit programs, allowing participants and their employees to expand their benefit selections affordably. Some of these products and services include:

  • Medical Benefits

  • Group Life Insurance

  • Long Term Disability Insurance

  • Dental Coverage

  • Voluntary Accidental Death Coverage

  • Voluntary Short Term Disability Insurance

  • Voluntary Life Insurance.

The wide variety helps Holmes-Shaw meet each company's unique needs, and Holmes-Shaw develops programs directly with insurance companies or through strategic partnerships, allowing them to present the best options to its clients. With questions or to learn more about how Holmes-Shaw can help your company enhance its current benefit offerings, please contact Bruce Shaw, 770.642.2150.


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NEW Program Offerings!

WEBINAR SERIES: Cash Flow Analysis with Mike Allen + BSA/AML Webinar Series with Stout


Dec. 1-3, 2020: BSA/AML Overview, Parts I-III Webinar Series with Stout


This webinar will cover the following basics for early-career compliance officers or those needing a refresher:

  • What is money laundering?

  • What are the various types of money laundering and the related risks?

  • AML-related laws, rules, and regulations

  • What types of financial institutions are subject to AML regulations?

  • What do financial institutions need to do to comply?

  • What are the risks of non-compliance?

  • What are the Five Pillars?

  • What are the primary responsibilities of a BSA officer?

  • Training best practices

  • Overview of CDD and beneficial ownership

  • Policies, procedures, and controls basics

  • Independent testing

  • Case study examples.


Dec. 2-4, 2020: Business Cash Flow Analysis Webinar Series with Mike Allen



Through a combination of lecture and casework, participants with credit analysis duties will learn how to:

  • Identify positive and negative trends on the balance sheet.

  • Determine if a potential borrower has sufficient capacity to repay your loan.

  • Understand the Cash Flow and Operating Cycles of different businesses.

  • Four-step process of how to approach your analysis.

  • Identify what information is necessary to conduct sufficient analysis.

  • Types of loan structures/request.

  • Inventory valuation risk and methodology.

Questions about either series?


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November Webinars: Lending 101, OFAC, and the Customer Experience

We appreciate members choosing the programs we offer for your ongoing needs. Check out these upcoming virtual offerings. View the full calendar here for dates, times and more programs. With questions, email


Save 10-30% with a webinar subscription package - details here!

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Recruit, Retain and Develop the Best Bankers with GBA Career Solutions


GBA Job Bank - GBA will post open positions, free of charge, for GBA members. See the open positions in Georgia here. We will also post professional summaries for bank-job seekers on our Bankers Available page. To make the process easy and answer any questions, we've developed this Q & A. Please contact Katina Prokos, 404.420.2021.


GBA Strategic Partner BankTalentHQ - The central feature of BankTalentHQ is its national bank-job board. Other key benefits include: resume search access, regional and national reach for your open positions, frequent special offers and custom sales/coaching programs. Visit BankTalentHQ to learn more. See the open positions in Georgia here, or search regionally or nationally here.


GBA’s Career Paths for Bankers™ - GBA’s Career Paths for Bankers™ is the most unique, organized and easy-to-use career development resource available for bankers and banks. GBA’s pioneering career development resource is unlike any other in the banking industry. Click here to start mapping your banking career today.


Why do people choose careers in banking? Whatever their talents, interests and educational background, there is a career in banking for them. Here are few good reasons to share with folks you know.


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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 Katina Prokos and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment:


Atlanta - PNC Bank

Retired U.S. Army veteran James Davis recently received a mortgage-free, newly renovated home in metro Atlanta. More than 50 Atlanta-area PNC Bank employees volunteered to help remodel the split-level, four-bedroom, 2.5-bath home. Many of those PNC volunteers, including Georgia regional president and Gulf War veteran Eddie Meyers (far right), returned to help celebrate the family’s arrival. Read more here.


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Atlanta - Atlantic Capital Bank

Doug Williams has been named Most Admired Financial Services Sector CEO by the Atlanta Business Chronicle.


Bainbridge - First Port City Bank

Latoya Fennell has joined the bank as a branch manager. Dave Fain has joined the bank as a commercial loan officer.


Donalsonville - First State Bank

Our sympathies to the family, friends and former colleagues of Charlotte Hawkins Roberts, who died last Friday. Roberts had been involved in the banking industry of Seminole County for many years, having worked at Merchants and Farmers Bank, Commercial State Bank and for the past 27 years at First State Bank. Read more here.


Jonesboro - Heritage Southeast Bank

Karen Allen has joined the bank as senior vice president and director of marketing. She is based at the company's office in McDonough.


Watkinsville - Oconee State Bank

Hal Jackson has been named Senior Vice President, Oconee Market Executive. Read more here. Jenny Farias has been promoted to Assistant Financial Center Manager at the bank’s main office. Kevin Daniel has joined the bank’s Oconee Area Community Advisory Committee. Daniel has been the Pastor of Bethel Baptist Church in Watkinsville since 2007 and has been in state law enforcement since 1998. Read more here.


Alpharetta - Finosec

Stacey Appelson has joined the company as an account manager.


Washington, D.C. - American Bankers Association

Matt Brown has been promoted to Senior Vice President, State Association Alliance.










Jackson Farias






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 Katina Prokos.

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