October 5, 2018  

Exclusive GBA Resource

Special Look at Georgia Bank Hiring & Compensation Trends

Commercial lenders will be the most in-demand jobs at Georgia banks in the next year, and tying pay to performance is one of the biggest challenges to compensation plans for member banks. Those are two insights from a special survey of our GBA Board of Directors and Community Bankers Committee members in advance of the President and CEO conference that was this week. Here’s a link to the full results, which also include a look at the most hired positions last year and some challenges and barriers to hiring the talent needed at member banks. Tim O’Rourke of Mathews Young-Management consulting reported the results during his presentation at the conference. It’s a good supplement to the 2018 GBA Compensation and Benefits survey, which is available for purchase. The cost of the full survey is $400. Contact David Oliver to order, 404.420.2036.

 

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Tri-Conferences Drew Big Crowd of CEOs, Lawyers and Accountants

An agenda packed with practical, timely and relevant information and intel drew a big group of GBA members this week to our concurrent President/CEO, Bank Counsel and Bank Accountant conferences. Georgia gubernatorial candidate Brian Kemp kicked things off Sunday by outlining his vision for Georgia should he be elected, and we also heard a passionate talk from FHLBank Atlanta’s Robert Dozier about how bankers serve their communities with heart. Monday’s general session included a fascinating look at how demographics are shaping what could be a close governor’s race here in Georgia during an election overview by political expert Brian Robinson. Bank Analyst Nancy Bush dove into Georgia-specific bank performance numbers and her view that banking fundamentals and just how important the CEO is to the success of a bank. Walker Jordan, Bank of Monticello, led an economic development discussion with a panel featuring Bart Gobiel of the Georgia Ports Authority, Brenda Robbins of Georgia Power and Amy Carter, Deputy Economic Development Commissioner for Rural Georgia focusing on the state’s competitive strengths, challenges and how bankers can get involved growing their communities. The lawyers on Monday had a special session from Bryan Cave Leighton Paisner’s Jonathan Hightower, Rob Klingler and Bill Custer about federal and state law updates. The accountants section held a roundtable discussion on hot button issues like CECL implementation, Doug Mims with Carr, Riggs and Ingram led a discussion on what accounting regulators are focusing on in their exams, and UGA’s accounting adjunct professor Holley Schramski led a session about data and analytics trends and tools. Thanks to Tim Keadle of Porter Keadle Moore and Ron Mitchell of Mauldin and Jenkins for leading the session. On Tuesday, economist Roger Tutterow gave an outlook for continued economic growth and said he believes there’s little short-term chance of a recession. Steve Chase from the American Bankers Association touched on national trends identified by community bank CEOs, and Tim O’Rourke of Mathews Young-Management Consulting outlined Georgia-specific compensation and benefit trends and included summary responses from conference attendees about their greatest needs. Bank lawyers had a special session led by John Sillay and Lyn Schroeder of James Bates Brannan Groover about recent updates to the power of attorney law and digital signatures on loan documents. We concluded the conferences with an amazing look at augmented and virtual reality technology that is changing the way businesses and governments are reaching today’s learners. This fast-moving technology is ripe for investment at all levels. Stewart Rodeheaver, a retired U.S. Army Brigadier General and CEO of Eatonton-based Vizitech USA, demonstrated hologram and computer based virtual reality concepts that help schools and manufacturers speed up training and make it more effective. See photos from all three conferences here. Special thanks to GBA Community Bankers Committee Chair Chris Edwards, United Bank, and committee Vice Chair Rhodes McLanahan, First American Bank & Trust Company, for leading the conference general sessions, to Bank Counsel Board Chair Cavan Perry, The Citizens Bank, Nashville, for hosting the Bank Counsel Section sessions, and to Tim Keadle of Porter Keadle Moore and Ron Mitchell of Mauldin & Jenkins, the chair and vice chair of the Bank Accountant Section Board, for leading the bank accountant sessions.

 

Sponsorship thanks to: ServisFirst Bank, Tim Finney; Synovus Bank, Rik Lane; FHLBank Atlanta, Kevin Wyckoff; and GBA Strategic Partner EBS, Jim Foyt.

 

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Georgia Bankers Democracy Days

Help Get out the Vote – Tools You can Use

We heard at the President and CEO conference this week just how much every vote matters. Midterm election turnout is always lower than in general elections so we’re calling on members to help get out the vote. This election is a biggie, with the Governor’s seat, all the statewide constitutional officers, every member of the state House and Senate, all 14 Members of our U.S. House delegation and countless local officials on the ballot. Please ask your fellow bankers to vote, and encourage your customers to do so, too. Here are helpful tools we have for you as resources.

  • A sample employee newsletter article or e-mail about the key dates and your company’s participation

  • A flier you can post in your offices or hand out to customers with key dates and resources

  • A business-card-sized reminder to vote you can print and pass out in the days before the election.

  • A news release announcing your participation in the campaign

  • Suggested Tweets or Facebook posts with graphics for social media – don’t forget the #GABankersVote hashtag

  • Special logos

  • A flyer with quotations from prominent Americans about voting.

Sign Up Here

 

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Healthcare Network Negotiations - Agreements Reached

Blue Cross and Blue Shield of GA (BSBSGA) has been in negotiations with Hospital Corporation of America (HCA) to settle on a new multi-year contract. BCBSGA and HCA initially had until Sept. 30 to reach an agreement but were unsuccessful, making HCA out-of-network as of Oct. 1. However, as of Wednesday, Oct. 3, the two companies were able to reach agreement on a new, multi-year contract. This new contract allows HCA to provide our members access to affordable care through all their hospitals and physicians. It is important to note that anyone who received health care services from HCA facilities and affiliated providers on or after Oct. 1 will receive in-network coverage for those visits. On behalf of the GBA Insurance Trust, we would like to thank Blue Cross Blue Shield of Georgia and Hospital Corporation of America for their dedication to ensuring high-quality and affordable healthcare for our members. Please contact your GBA Insurance Trust representative with any questions, or GBAIT’s Susan Kelley, 404.420.2017.

 

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FDIC Hunts for How to Improve Communication

This week the FDIC asked for comments about how it can better share information with banks, consumers and others about laws, rules and related manners. It’s part of a transparency and accountability initiative by Chairman Jelena McWilliams. GBA Chairman John Hall, American Pride Bank, Macon, let us know this week he’d like to encourage all members to take advantage of this opportunity. It’s part of his focus on banker advocacy throughout the year. Please send us your thoughts and examples and we’ll aggregate those into an industry-wide comment letter. Bank-specific comments and examples always work well, so please submit your own comment letters, too. Comments are due within 60 days of publication in the Federal Register. Details here. Contact Elizabeth Chandler, 404.420.2027, or Joe Brannen, 404.420.2026.

 

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How to Share BSA Compliance Resources

Regulators this week issued joint guidance about how banks can better share Bank Secrecy Act Compliance resources. The agencies say that collaborative efforts by banks to share resources for meeting Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations are most suitable for banks with a community focus, less complex operations and lower-risk profiles for money laundering or terrorist financing. The joint statement acknowledges that banks and credit unions may benefit from using shared resources to manage certain BSA/AML obligations more efficiently and effectively. However, it notes that financial institutions should approach the establishment of collaborative arrangements like other business decisions, with due diligence and thorough consideration of the risks and benefits. More details here…

 

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TARP 10 Years Later

Government Bank Investment Programs Net $30.4 Billion

This week marked 10 years since the Troubled Asset Relief Program was created as one of many unprecedented steps to stabilize markets and the economy in the wake of the financial crisis that led to the Great Recession. There were several components to the program, with the bank investment program being most relevant to GBA members. In looking at the results, the $245.1 billion in investments made by the government in banks returned $275.5 billion in cash, resulting in a net of $30.4 Billion. More details here in a blog post by Robert Klingler, Bryan Cave Leighton Paisner.

 

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Georgia BankPAC Golf Classic Teeing Off in Two Short Weeks!
The Leadership GBA Executive Committee will host its 17th annual BankPAC Golf Classic on Oct. 17 at The Club at River Forest in Forsyth. Tournament proceeds will be donated to the GBA StatePAC. The two-person scramble tournament is a great opportunity to invite your legislators, directors and clients to golf with your colleagues in the banking industry. Registration is $175 per person; $275 per two-person team (a $75 discount!) or we have a special offer of a hole sponsorship plus a two-person team for $500 (a $100 discount!). The shotgun start is at 1 p.m., with a putting contest beforehand and a reception on the 19th Hole afterwards. Serious golfers and weekend warriors alike are encouraged to come and show their support. Click here to sign up. Not a golfer but want to support the PAC? You can sponsor a hole for just $250! Click here for sponsorship opportunities and information. Contact GBA’s Kathy Friestad with questions, 404.420.2024.

 

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2018 BankPAC Update

The 2018 BankPAC Campaign has had a successful week and now is the time to join your fellow bankers across Georgia in contributing to this important statewide effort. Here are our easy-to-use forms for use in making contributions to the GBA StatePAC and GBA FedPAC. A big thank you to these bank CEOs for contributing to the GBA StatePAC this week:

  • Guardian Bank, Valdosta, Parrish Clark, CEO

  • PrimeSouth Bank, Waycross, Jim Walker, President & CEO

  • Citizens Community Bank, Hahira, Glenn Copeland, CEO

  • Pineland Bank, Alma, Al Ross, CEO

  • F&M Bank, Washington, Ed Pope, President & CEO

  • Regions Bank, Bill Linginfelter, Area President, Georgia/South Carolina

And thanks to those officers, directors and eligible employees of the following banks for contributing to the GBA FedPAC:

  • Century Bank of Georgia, Cartersville, Rick Drews, CEO

  • Citizens Bank & Trust Company, Eastman, Mike Odom, CEO

  • The Citizens National Bank of Quitman, Neal Bradley, President & CEO

  • Colony Bank, Fitzgerald, Heath Fountain, President & CEO

  • Guardian Bank, Valdosta, Parrish Clark, CEO

  • Oconee State Bank, Watkinsville, Neil Stevens, President & CEO

  • PrimeSouth Bank, Waycross, Jim Walker, President & CEO

  • Southern First Bank, Atlanta, Sandy Bowen, Atlanta Regional Executive

  • United Bank, Griffin, Jim Edwards, CEO

With questions, please call GBA’s Elizabeth Chandler at 404.420.2027.

 

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Welcome New Associate Members

The GBA Board of Directors this week approved five new Associate Member companies for GBA. Please get to know these new organizations and thank them for their support of GBA. You can get information on all of GBA’s Associate Members by using the Associate Member search function on our website. Please give these members an opportunity to earn your business if you have a product or service need that they provide.

 

Abel Solutions - Alpharetta, GA

Mr. Andy Newton - Business Development Manager

Abel Solutions is a leader in the delivery of industry-specific portal, collaboration, document management and workflow-enabled business solutions. For more than two decades, their clients have trusted them to reduce the cost, risk and implementation-time associated with solving their most critical business IT challenges. Their solution accelerator, BANKER|share aims to increase operational excellence and organizational revenue through ready-to-go solutions and business process automation.

 

Angott Search Group - Rochester, MI

Mr. Robert Gallagher - Marketing Director

Angott Search Group is a nationally recognized, full-service executive search firm with more than 35 years of experience building solid corporate partnerships by matching their clients’ culture, goals and expectations with exceptional people. As a tenured team of consultants, their focus is to provide insightful hiring and recruitment solutions for employers looking to attract top talent to strengthen their organizations.

 

ATM Solutions - Cincinnati, OH

Mr. Neil Scott - Vice President of Sales

ATM Solutions is a leading provider of turnkey solutions to help financial institutions streamline operations, lower risk and liability burdens, control cost and grow business. These solutions combined with owning and operating their own armored fleet, create a uniquely positive experience for your customer and employees alike.

 

Hidden Levers - Decatur, GA

Mr. Richard Owen - Managing Director

Hidden Levers provides investment portfolio stress testing, analytics and proposals for retail and high net worth clients.

 

Secura Risk Management - Atlanta, GA

Ms. Terri Sands - Founder

Secura Risk Management is a boutique consulting firm and membership organization that works closely with financial institutions to safely change with growing technology and regulatory requirements. Secura also works with FinTech companies to understand the needs of financial institutions based on balancing regulatory compliance with exceptional customer experience.

 

 

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Proctor

Financial Risk Management Conference - Nov. 7-8

A Practical Approach to Implementing an Enterprise Risk Management Program

Risk is the integral part of banking that drives earnings. High-performing financial institutions have embraced and learned to effectively manage risk. At the GBA 2018 Financial Risk Management Conference Nov. 7-8 at the Hyatt Regency Atlanta Perimeter at Villa Christina, Ken Proctor, Cadre Strategic Risk Management, LLC will discuss key risk issues facing financial institutions and practical methods for establishing a practical, effective enterprise risk management program, including:

  • Understanding the impact of strategic business objectives on risk;

  • Developing effective risk appetite statements;

  • Monitoring and reporting on risk with Key Risk Indicator dashboards;

  • Understanding regulatory requirements for ERM;

  • Assessing risk and controls risk in eight key categories;

  • Defining the ERM organization structure and staffing; and

  • Defining risk management roles and responsibilities.

In addition to discussing these topics, participants will get examples of risk appetite statements and key risk indicator dashboards that can be tailored to their banks, as well as other risk assessment tools and examples. As former Federal Reserve Chairman Alan Greenspan once noted, "It would be a mistake to conclude that the only way to succeed in banking is through ever greater size and diversity. Indeed, better risk management may be the only truly necessary element of success in banking."  Click here to see a detailed agenda and to register online. The early registration price is $395 through Oct. 24 and rooms are available in our GBA block through Oct. 16 at the Hyatt Regency Perimeter for just $205 per night. Contact GBA’s Alison Moreau with questions, 404.420.2034.

 

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Credit Conference Session Spotlight - Dec. 13-14

New Industry in Georgia Panel

We are excited to have statewide economic development experts to talk about the current and future Georgia business environment at the GBA 2018 Credit Conference Dec. 13-14 at the Renaissance Atlanta Waverly Hotel & Convention Center. Elizabeth Chandler, GBA's Senior VP, Government Relations, will moderate the panel. On the panel will be Bert Brantley, Georgia Department of Economic Development; Amanda Shailendra, principal, The Pendleton Group; Chris Clark, Georgia Chamber of Commerce; and Walt Farrell, manager, Statewide Economic Development, Georgia Power. The early registration price is $395 (through Nov. 29), and rooms are available in our GBA block at the Waverly Hotel for just $179 per night. See the conference brochure here, and click here to register online. Contact GBA’s Alison Moreau with questions, 404.420.2034. 

 

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Georgia Banking School and GBA Compliance School: The Facts

While planning for 2019, be sure to include the Georgia Banking School or GBA Advanced Compliance School May 5-11 at the UGA Hotel and Conference Center at the Georgia Center, Athens. The Georgia Banking School is a three-year program, and GBA Member tuition per year is $1,975. First-year applicants may enroll by Feb. 15, 2019, to receive the early-bird price of $1,845. Tuition includes: All instruction and school course materials; double occupancy accommodations for Sunday through Thursday nights at the UGA Hotel; daily breakfast and lunch; a Welcome Barbecue on Sunday, May 5; and daily breaks. Students may request a private room for a $385 surcharge. The GBA Advanced Compliance School is a one-year program. The early tuition price is $2,020 (same inclusions as Banking School). If you have questions about either school, contact GBA’s Alison Moreau, 404.420.2034 or Jenna Lynn Warner at 404.420.2035.

 

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Do You Know Your Risk for Your Bank's Retirement Plans?

If you make investment or administrative decisions for your bank’s retirement plan, you may be an individual trustee or fiduciary of your bank's retirement plan and not realize it.  Even when you have an advisor, you and your co-trustees of the plan are often still the ones responsible for approving the recommended fund line-up. Join GBA Retirement Services at 10:30 a.m. on Oct. 25 for the Fiduciary Essentials for Defined Contribution Plans webinar. This course is built for retirement plan fiduciaries and others involved in the investment process. The session will cover the scope of your fiduciary responsibilities and what is needed in order to fulfill the duties as required by law. It will help you better understand your role as a fiduciary, reduce and manage risk and personal liability, select and work with qualified providers, implement a decision making process for participant success and create training documentation for your fiduciary file! This training session is designed for banks that are not members of GBA Retirement Services. GBA Retirement Service’s discretionary trustee, Unified Trust, takes on all of GBA Retirement Services’ member banks’ fiduciary responsibilities regarding plan investments. However, everyone is welcome to attend!

 

Sign Up Here

 

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Learn about the Big Benefit of S.2155 on Reciprocal Deposits from GBA Partner Promontory Interfinancial Network

Chosen by more than 3,000 financial institutions nationwide, Promontory is the leading provider of FDIC-insured deposit placement services. Banks can use the company’s solutions—Insured Cash Sweep, or ICS; CDARS; and Bank Assetpoint—to build multi-million-dollar relationships, reduce collateral requirements, purchase funding, manage liquidity or buy or sell loans. Visit promnetwork.com to find out how Promontory can help your bank to manage its balance sheet more profitably.

 

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Bank Assetpoint Helps Banks Market Assets

Bank Assetpoint® allows members to search for and post assets for sale, either directly or through your real estate broker or loan sale advisor, and to connect with specialty service providers. You can access to a large number of eligible buyers, facilitating faster disposition, as well as the potential to capture the value of your assets, as well as easily post and monitor a wide range of assets - including performing and nonperforming loans, loan participations, loan pools, and commercial OREO - in a single, secure place. Check out Bank Assetpoint at www.bankassetpoint.com. It's quick and easy to get started. With questions, contact Promontory's Danny Capitel, 770.630.6796.

 

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Streamline Vehicle Title & Lien Release Management with DDI Technology

The GBA has endorsed DDI Technology for more than 10 years because its Premier eTiltleLien® solution enables your bank’s loan operations team to improve reporting and manage exceptions within a simple, user-friendly application. Committed to excellence, DDI continues to focus on improving their products, education and consulting services in all areas of vehicle registration. DDI fosters partnerships with progressive and innovative businesses including federal, state and local governments by supplying them with the technologies to enable dealer and finance partners to provide the best service to their customers while saving time and money. The four biggest benefits to working with DDI include:

  • Simplified titling process

  • Reduction of fraud and errors

  • Elimination of space-wasting paper storage

  • A responsive customer support team.

For more details about DDI Technology or to join the more than 4,000 customers they have today, please contact Director of Sales Todd Phillips, 803.808.4937.

 

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Online Classes - October & November

Attention Commercial Lenders - 8 Courses Just for You

ABA facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. For more information, contact Shan Haugabrook, 404.420.2020. Click here for a list of all ABA offerings. There are eight upcoming courses scheduled to begin in October and November:

To register for the courses, click on the individual course titles above.

 

Additional Resource

The Reference Guide to Regulatory Compliance Available Now

The Reference Guide to Regulatory Compliance is a recommended study resource for the Certified Regulatory Compliance Manager (CRCM) exam, with self-study and review questions and answers, and a cross-reference of book sections to exam topics.

For more information about any of these offerings, contact Shan Haugabrook, 404.420.2020. Click here for a list of all ABA offerings...

 

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Fill a Job, Find a Job with the GBA Job Bank

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 Katina Prokos at 404.420.2021.

 

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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:

 

 

Bainbridge - First National Bank

The bank partnered with a local coffee shop to give away free coffee on National Coffee Day, Sept. 29.

 

The bank also donated to the historic Zebulon Theatre for its Jewels & Jeans fundraiser coming up on Oct. 6.

Dalton - First National Community Bank

Mortgage Loan Officer Alan Smith spoke to Antioch Elementary School students about being a banker at the school's Career Day.

 

Bainbridge - First Port City Bank

The bank hosted a financial literacy course for Mrs. Campbell's class at Bainbridge High School.

 

The bank also donated to Kids N Kops Fun Day coming up Nov. 3 at the Bainbridge Boat Basin.

Dublin - Morris Bank

The City of Gordon hosted a Tour de Gordon, which included a stop at the bank. 

Bank team members Tonya Lake, Vanessa Roberson and Maegan Mullis volunteered with Habitat for Humanity.
President/CEO Spence Mullis spoke to the bank's Leadership Advisory Council at a recent meeting.

Loganville - Legacy State Bank

The bank recently sponsored the Monroe Kiwanis Golf Tournament.

 

Moultrie - South Georgia Banking Company

The bank’s Moultrie branch participated in the local Boys & Girls Club of America Day for Kids event Sept. 15.

 

Sandy Springs - Fidelity Bank

Local branch employees gave away freshly baked cookies at the 33rd-annual Sandy Springs Festival Sept. 22.

 

Soperton - The Bank of Soperton

The bank recognized its 2018-2019 Youth Leadership Board this week.

 

Watkinsville - Oconee State Bank

The bank donated to the Brighter Smiles for Brighter Futures program for its "Dentists Curing Cancer One Smile at a Time" event, where the bank’s Gwinnett team was onsite.

 

 

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Newsmakers

 

Athens - First American Bank and Trust Company

First Vice President, Commercial Lender Susan C. Bogardus has been appointed to the Georgia Innovation Corridor Joint Development Authority to represent Athens-Clarke County for a four-year term.

 

Atlanta - BankSouth

Michael H. Leonard has joined the bank as the Atlanta market sales leader.

 

Bainbridge - First Port City Bank

Jody Beane has joined the bank as a loan officer.

 

Blairsville - United Community Bank

President of Community Banking Bill Gilbert will retire in February 2019 after 18 years with the bank and 42 years in banking. Read more here…

 

Covington - Newton Federal Bank

Ray Crook has been promoted to senior vice president and Chief Credit Officer.

 

Leesburg - Flint Community Bank

Jason Rooks has been named one of Georgia Trend magazine’s 40 Under 40 for 2018. Read more here…

 

Loganville - Legacy State Bank

The Board of Directors has elected William (Bill) Walker as CEO and President. Charles (Chuck) Drexler has been promoted to executive vice president and senior loan officer. Daniel Rees has been promoted to executive vice president and has been asked to join the Board of Directors.

 

Moultrie - Ameris Bank

The consent order issued against the bank by the FDIC on Dec. 16, 2016, has been terminated.

 

Sandy Springs - Signature Bank of Georgia

Tareasa Harrell has joined the bank as senior vice president and managing director of SBA lending.

 

Watkinsville - Oconee State Bank

Jason Moore has been promoted to vice president, credit analyst.

 

Waycross - PrimeSouth Bank

Sheri Johnson has joined the bank as human resources director.

 

Atlanta - Porter Keadle Moore

Systems partner Terry Ammons was recently elected to the Board of the Association for Financial Technology (AFT).

 

Nashville, TN - Wellview Health

James Story will succeed Dan Drechsel as CEO. Drechsel has been appointed as executive chairman of the board.

 

Bogardus

Leonard

Beane

Gilbert

 

Crook

Walker

Drexler

Rees

 

Rooks

Harrell

Moore

Story

 

Ammons

 

 

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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