Aug. 26, 2022 

Davis Lux (right) leads the
Board meeting

Bank Counsel Board Meets

GBA’s volunteer Bank Counsel Section Board of bank legal experts gathered this week to share information on legal trends and plan their upcoming conference. The meeting featured updates about possible upcoming legislation related to Property Assessed Clean Energy (PACE) loans and court-suggested cleanup legislation related to security deeds in bankruptcy cases. Bo Fears of the Georgia Department of Banking and Finance shared some insight into development of the department’s annual housekeeping legislation, and GBA General Counsel Jonathan Hightower of Fenimore Kay Harrison LLP described the process GBA follows for considering filing Amicus briefs on behalf of the industry. “My favorite part of the meeting was hearing from Board members about key issues affecting banks,” said board Chair Melinda Davis Lux of United Community Bank. Roundtable topics included heightened regulatory scrutiny of bank M&A transactions, extended M&A regulatory approval timeframes, environmental, social and governance trends, and increased check fraud. Members also planned sessions for the Bank Counsel Conference coming up Sept. 25-27 at the Ritz-Carlton Reynolds, Lake Oconee. Details and registration info here.

 

 

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NSF Guidance Issued by FDIC

Members will want to review guidance out last week from the FDIC about charging multiple NSF fees for transactions presented multiple times against insufficient funds in a customer’s account. The guidance covers a number of practices banks can follow to mitigate risks, and said it will recognize a bank’s proactive efforts to self-identify and correct violations. Read the guidance here.

 

Related: GBA’s Compliance Conference coming up Oct. 19-21 will include a member-led session about Overdraft trends. Details and registration info here.

 

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Rooks

'Tears and Hugs...': Helping Customers Achieve the American Dream with Jason Rooks

Jason Rooks, senior vice president and commercial lending manager at Flint Community Bank in Albany, grew up watching his dad make a huge impact on his community and customers as CEO of a local bank. “People and building relationships are why I love banking as a career,” Rooks said. In the latest GBA Member Profile, the South Group rep. on the Leadership GBA Board of Directors shares a favorite memory as a banker where he helped three brothers sell their successful restaurant to a friend and colleague, which the bank made possible through an SBA loan. “It was an emotional closing with tears and hugs for all the parties involved. Those days make you feel valued to play a small part in the American Dream for someone,” he said. Read his full GBA Member Profile here.

 

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New!
2022 Georgia Banking Compensation Survey Available

The results of the 2022 Georgia Banking Compensation Survey have been published and are available for members to order. The results can help your bank develop a comprehensive and competitive compensation package to address today’s tight labor market. This year’s survey provides data on current practices for base salaries, incentives and bonus programs as bank leadership continues to balance the needs of the bank and its customers. This year's survey report represents:

  • 58 Georgia institutions

  • Over 4,300 Georgia incumbents reported

  • 141 positions reported

  • Policies and Practices Report with data on base salary programs and incentive plans.

The survey prices are $595 for participants and $1,375 for non-participants. Our longtime survey partner, Pearl Meyer, emailed all participants with instructions for purchasing the 2022 survey results. If your organization did not participate and would like to purchase the survey, or you have not received your purchase email, please contact Rhonda Snyder at rhonda.snyder@pearlmeyer.com. Thank you to GBA member participants for making the 2022 Georgia Banking Compensation Survey a success!

 

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GBA BankPAC 2022 Campaign Update

With elections coming up soon, GBA BankPAC has been busy supporting our friends who are running for election. And, important to this effort obviously is raising the dollars to support those candidates. The GBA BankPAC Board is hoping that you will participate in this effort and has made the process as easy as possible. Here are the materials needed to assist you in contributing to the StatePAC (contribution may be from your state-chartered bank or holding company if a national bank) and the FedPAC (must come from eligible individuals – directors, officers and salaried employees.) Using a payroll deduction method for individual contributions is an option to consider. With questions, please call Elizabeth Chandler at 404.372.7893. Thank you for considering this worthy effort that benefits the whole industry!

 

Contributing to the GBA StatePAC in the last week include the following companies:

  • First State Bank of Randolph County, Cuthbert, Scott Curry, President & CEO

  • The Four County Bank, Allentown, Amy Orr, President

  • Community Bank of Pickens County, Jasper, Ryan Keeter, President

  • Truist Bank, Katie Saez, Georgia Region President

  • McNair, McLemore, Middlebrooks & Co., LLC, Macon, Marjorie Carter, Partner

And, contributing to the GBA FedPAC are those eligible employees, officers and directors from the following banks:

  • Ameris Bank, Palmer Proctor, CEO

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

  • First National Bank, Bainbridge, Brad Barber, President & CEO

  • Great Oaks Bank, Eastman, Mike Odom, President & CEO

  • Hyperion Bank, Charlie Crawford, Chairman & CEO

  • South State Bank, John Helmken, State President/Georgia Banking Region

  • The First Bank, John Everett, CEO

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Register Today for Georgia BankPAC Golf Classic

A great crowd is building for the Georgia BankPAC Golf Classic, Leadership GBA’s annual fall fundraiser for the Georgia BankPAC. All GBA members are invited to participate in the event, which will be Oct. 19 at The River Forest Club in Forsyth. Bring a fellow golfer, work colleague, legislator or customer to join you and support this important cause. Registration options include individual golfer, two-golfer team, and a two-golfer team with golf hole sponsorship.  Not a golfer? That’s OK! Support the event through sponsorship; opportunities range from $350 - $1,000. Nonmembers are welcome when accompanied by a member. Check out the event website for details, to register, or to sign up for a sponsorship.  Questions? Contact GBA’s Kathy Friestad.

 

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Tori

Roland

South Georgia Community Bank Symposium – Oct. 13

Dr. Tori to Talk Economy, Dean Roland to Share School Updates

We continue to build a strong program for the South Georgia Community Bank Symposium coming up Oct. 13. Dr. Cyndi Tori will share an economic update tailored to regional trends, and Dr. Karin Roland, dean of the Harley Langdale Jr. College of Business Administration, will give members an update on the school’s programs and opportunities to partner. The event, co-hosted by GBA and Valdosta State University’s Harley Langdale Jr. College of Business Administration, will be Oct. 13, from 10 a.m. to 2:30 p.m. at the Valdosta State University Student Union building. Get full details and register here. With questions, contact David Oliver, 404.420.2036.

 

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Conference Countdown

Compliance, Financial Risk Management and Credit Coming up

Register now for our signature fall professional skill conferences.

 

 

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Compliance Alliance Question of the Week

 

Question: When we make a new loan that is to be secured by a property that already secures another loan, can we rely on an existing flood cert that is less than seven years old, or do we need a new certification? Is the certification loan specific? This is not a renewal or an extension of an existing loan.

 

Answer: The flood certification is property-specific, not specific to a loan. You could reuse the flood determination as long as it is less than 7 years, the flood determination was recorded on the standard flood hazard determination form, there have been no map revisions or updates since the date of the determination, and you are the same lender that requested the prior determination. Click the following link to read more: 42 USC 4104b: Standard hazard determination forms (house.gov)

 

Remember, you always have access to upcoming regulatory calendar notes and all the federal regulatory news on the Compliance Alliance News Page. Click the following link to Bookmark the News.

 

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Kirk

Eubanks

President/CEO, Bank Accountants, and Bank Counsel Conferences

Don’t Miss Our Closing Session: Lessons Learned from a Cybersecurity Incident

The closing session at our upcoming President/CEO, Bank Accountants and Bank Counsel Conferences is sure to be of great interest to all attendees. Kimberly Kirk, EVP and Chief Operations Officer at Queensborough National Bank & Trust Co., will interview Jaye Eubanks, SVP of IT at United Bank, about a significant cybersecurity incident at United Bank a couple of years ago. Eubanks will share lessons learned and steps the bank has been able to take since then to further strengthen its defenses. Don’t miss this session! Register today by clicking here. Our room block at the Ritz is full, but we are working a short wait list and anticipate that rooms will open up as the conference draws near. Email GBA’s Kathy Friestad to be waitlisted for the hotel. You may also attend if even if you stay off site, as there are some local hotels and many home and condo rentals available through VRBO or Airbnb in the area. Thanks to our conference sponsors: Carr, Riggs & Ingram, LLC; Crowe LLP; EBS; Elliott Davis; FHLBank Atlanta; FORVIS; James-Bates-Brannan-Groover-LLP; Mauldin & Jenkins, LLC; McNair, McLemore, Middlebrooks & Co., LLC; Nichols, Cauley & Associates, LLC; ServisFirst Bank - Correspondent Division; Symphona, formerly TJS Deemer Dana, LLP; Troutman Pepper LLP; and Warren Averett CPAs & Advisors.

 

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Act Fast!

Solid Senior Lending Peer Networking and Learning Opportunities Available

Claim your seat at one of our popular Senior Lending Officer Roundtables that meet three times annually. There are two groups that meet in Macon, and two groups that meet in Atlanta. The first meetings of the 2022-23 program year are scheduled for Oct. 24-27. If you’re interested in a seat, see all the details here and let us know about your interest. We work with the current members and facilitators to place new members to avoid conflicting areas of coverage as best possible. With questions, contact David Oliver, 404.420.2036.

 

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Fall Seminars

New Account and IRA Updates, ISO and Lending Training

GBA’s fall 2022 schedule of seminars cover a range of retail, IT security and lending topics. See below:

  • Sept. 13: Opening New Accounts Documentation and Compliance Seminar, presented by Suzie Jones, Training Resources Consulting, LLC, at Middle Georgia State University, Macon. Learn more and register here.

 

  • Oct. 4: The Information Security Officer (ISO) 101 Seminar, presented by Josh Dasher and Emily Strickland, SafeSystems, at Middle Georgia State University, Macon. Learn more and register here.

 

  • Oct. 13: IRA Advanced Update and Review Virtual Seminar, presented by Patrice Konarik, SunWest Training Corp., on Zoom. Learn more and register here.

 

 

  • Nov. 16: Business Cash Flow Analysis Seminar, presented by Mike Allen, Cadence Bank, at Middle Georgia State University, Macon. Save the date! Registration will be announced soon.

 

  • Dec. 8: Loan Documentation Seminar, presented by Mike Allen, Cadence Bank, at Middle Georgia State University, Macon. Save the date! Registration will be announced soon.

Jones Dasher Strickland Konarik Allen

 

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Get a Taste of GBA Partner BankMarketingCenter, Then Get Lunch on Us!

For those interested in learning more about GBA partner, BankMarketingCenter.com (BMC), please check out this quick video to give you a taste of BMC and how easy it is. Check it out below.

 

 

If you are hungry for more, you’re in luck! Join BankMarketingCenter.com for a no-obligation, 30-minute demo and get a $25 Uber Eats gift card. Click here to pick a time for your demo.

 

Remember, BankMarketingCenter.com provides hundreds of banks across the country with unlimited access to thousands of bank-specific, professionally designed, customizable marketing materials, as well as millions of Getty images and videos. This is all on an affordable, monthly subscription basis. Even better, GBA members get a 20% discount.

 

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GBA Partner Promontory MortgagePath

Determining the Right Mortgage Product Mix

The universe of mortgage products is expansive. With so many options, it may be tempting to attract borrowers by taking a wide-net approach to product offerings. However, setting up and maintaining unique mortgage products requires significant initial and recurring investments in time, resources and expertise, so it's best to be strategic in your initial product selection. But, with so many available options, it may be difficult to know where to start. When determining which mortgage products to offer, consider the needs of your local borrowers first. Listening to your existing customer base and analyzing competitor offerings, deposits and banking data will give you tremendous insight into the loan products that may best meet the needs of your current and prospective customers. Because mortgage products are not “one size fits all,” you may want to consider several additional factors when determining product mix. Click here to read more from GBA partner Promontory MortgagePath. With questions, please contact Sue Shaffer at suzanne.shaffer@mortgagepath.com, or 901.283.3034.

 

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Webinars

Check Fraud & SARs, CRE and Commercial Construction, OFAC Training and More

Here’s a sampling of upcoming webinars. 

See the full slate of upcoming webinars here.

 

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

 

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 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’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:

 

Soperton - Georgia First Bank

The bank recently held an orientation for its 2022 Youth Leadership Class.

 

 

 

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GBA Newsmakers

 

Alma - Pineland Bank

Synclair Branch recently joined the bank’s Alma location as a mortgage originator. Read more here.

 

Eastman - Great Oaks Bank

Leighton “Lee” Lister has joined the bank as senior vice president and middle Georgia market executive. Read more here.

 

Forsyth - Bank of Dudley

The bank recently announced the upcoming opening of a full-service branch in downtown Forsyth (Monroe County), with plans to open in mid-fall of 2022. Read more here.

 

Lawrenceville - Embassy National Bank

Darrell Fowler joined the bank as senior vice president and commercial lender. 

 

Ringgold/Dalton - Builtwell Bank/First Bank of Dalton

Effective Aug. 22, First Bank of Dalton and First Bank of Calhoun have rebranded to Builtwell Bank under the leadership of President and CEO Patti Steele and Executive Mitch Sanford. Read more here.

 

St. Simons - PrimeSouth Bank

The bank recently celebrated the opening of its new Glynn County branch at 1795 Frederica Road on Saint Simons Island. More than 100 members of the community joined in the festivities. Read more here.

 

Statesboro - Citizens Bank of the South

Matthew “P.K.” Huling has been promoted to president of Citizens Bank of the South in Bulloch County.

 

Waycross - PrimeSouth Bank

Cliff Knowlton has joined the bank as market president for its Waycross market.

 

Atlanta - Fenimore Kay Harrison LLP

Firm Partner Jonathan Hightower discussed regulatory scrutiny having a cooling effect on community bank M&A in a recent episode of the Street Talk podcast. Listen to the episode here.

 

Bloomington, MN - United Bankers’ Bank

Kurt Cottier has joined the bank as senior vice president, senior lending officer. Read more here.

 

 

Branch Lister Fowler Steele Sanford

 

 

PrimeSouth Bank Huling Knowlton Cottier

 

 

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 Katina Prokos.

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