July 22, 2022 

Luetkemeyer

GBA Supports Congressional Pushback on SBA Climate Disclosure Reporting Proposal

We were pleased to sign on as a supporter of Congressional efforts opposing the SEC’s proposed rule, the Enhancement and Standardization of Climate-Related Disclosures for Investors. The proposed rule would greatly expand the types and amount of climate-related information publicly traded companies would have to report. GBA joined banking and advocacy organizations from many other industries signing on to a letter to the SEC from Republican members of the U.S. House Committee on Small Business outlining the concerns with the proposal. In addition to more reporting from publicly traded companies, the letter explains how the proposal would expand greenhouse gas (GHG) reporting requirements to private companies. For example, “Any farm that supplies feed to a publicly traded company would similarly be required to supply GHG emissions…, ” the letter says. Ranking member of the committee Rep. Blaine Luetkemeyer (R-MO3) says, “As the U.S. economy struggles to recover, unleashing a devastating and an unrealistic climate disclosure regime that goes well beyond the publicly traded companies, impacting nearly every small business, is irresponsible. Small firms simply cannot afford the additional burdens of the proposed rule. It is for this reason and the reasons outlined in this letter, that we ask that you rescind this proposed rule to protect small businesses and allow them to drive the U.S. economy.” Read the letter here and see all the organizations that supported it.

 

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Georgia Peanut Bank Week – Oct. 10-14

Deadline to Order Bank Week Supplies is Aug. 12

GBA and our friends at the Georgia Peanut Commission (GPC) want to remind everyone that the deadline to submit orders for Georgia Peanut Bank Week supplies is Aug. 12. Georgia Peanut Bank Week is Oct. 10-14. This year’s theme is “Georgia Peanuts: Accounting for Your Daily Health!” If you have any questions about Georgia Peanut Bank Week or placing your bank’s order, please contact GPC’s Aubree Lott at aubree@gapeanuts.com or 229.386.3502. Click here to download an order form.

 

Download additional Georgia Peanut Bank Week supplies at the links below.

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GBA BankPAC 2022 Campaign Off and Running

What a strong start to the 2022 BankPAC Campaign! This important effort allows GBA to participate in the electoral process for the good of the banking industry throughout Georgia, which is obviously very important this election year. Here are the primary materials needed to participate in 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 banks:

  • Altamaha Bank and Trust Company, Vidalia, Brent Sammons, president and CEO

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

  • Colony Bank, Fitzgerald, Heath Fountain, president and CEO

  • Community Bank of Georgia, Baxley, Kelly Stone, president and CEO

  • F&M Bank, Washington, Ed Pope, president and CEO

  • First American Bank & Trust Company, Athens, Rhodes McLanahan, CEO

  • First State Bank, Wrens, David Jopling, president and CEO

  • Northeast Georgia Bank, Lavonia, Rick Basinger, president and CEO

  • Oconee State Bank, Watkinsville, Neil Stevens, president and CEO

  • OneSouth Bank, Blakely, Kim Wilson, CEO

  • Planters and Citizens Bank, Camilla, Susan Moss, president and CEO

  • Planters First Bank, Cordele, Eli Tinsley, president and CEO

  • PrimeSouth Bank, Waycross, Jim Walker, president and CEO

  • Queensborough National Bank & Trust Company, Inc., Louisville, Bill Easterlin, president and CEO

  • South Georgia Banking Company, Tifton, Glenn Willis, president and CEO

  • The Citizens Bank of Georgia, Cumming, Tim Perry, president and CEO

  • The Claxton Bank, Philip Williams, president and CEO

  • West Central Georgia Bank, Thomaston, Eddie Rogers, chairman, president and CEO

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

  • Georgia First Bank, Soperton, Maury Beasley, president and CEO

  • Planters and Citizens Bank, Camilla, Susan Moss, president and CEO

  • Queensborough National Bank & Trust Company, Inc., Louisville, Bill Easterlin, president and CEO

  • The Claxton Bank, Philip Williams, president and CEO

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Tee Time

Registration Opens July 25 for Georgia BankPAC Golf Classic

We’re excited to announce that registration opens Monday for the 2022 Georgia BankPAC Golf Classic, which will be Oct. 19 at the River Forest Club in Forsyth. Leadership GBA hosts this annual fall fundraiser, with proceeds benefitting the GBA StatePACCandice Nanney, Leadership GBA’s Board chair, says “This tournament is an important part of LGBA’s advocacy efforts to support the GBA BankPAC, and we hope bankers will take advantage of this terrific way to show their support of this effort.” All GBA members are invited to participate and bring a colleague, legislator, customer or fellow golfer to the event. Non-members are welcome when accompanied by a member. There will be registration options for two-person teams, individual golfers and numerous sponsorship opportunities. Watch for the email registration announcement on Monday, and remember, you can always check the GBA website for the latest on this and other GBA events. Questions? Contact GBA’s Kathy Friestad.

 

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Fraud Alert

BOLO for Counterfeit Cashier’s Checks from The Citizens National Bank of Quitman

Members are asked to be on the lookout for counterfeit cashier’s checks appearing to be from The Citizens National Bank of Quitman. Attempts have been made to pass three styles of checks, the bank says, with two requests coming by Fed letter appearing to be mobile deposits, and the other from another bank calling to verify a check being used to open an account. The checks bear the name of two specific bank officers, Courtney Hines and David DeSantiago, but they are terrible forgeries, the bank says. See examples of the counterfeit checks here. Member banks may call and verify any such checks from the bank by contacting Kim Harmon at kharmon@cnbquitman.com, 229.263.6405 or 229.263.7575.

 

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Chateau Elan

Women in Banking Conference – Handful of Rooms Now Available at Chateau Elan

News flash: We have secured a handful of additional rooms at the Chateau Elan group rate for the GBA Women in Banking Conference Aug. 11-12, so we’ve got room for a few more registrations to join the record crowd we’re expecting. To reserve one of those rooms, please email Kathy Friestad and she will reserve the room for you. These rooms and rate are available only by contacting Kathy, so don’t call the hotel or try to book online. Confirm your room with Kathy first, then visit the conference website here for details about the conference and to register to attend. A hearty thanks to these associate members who are supporting the conference through sponsorship:  Gold Sponsors: McNair, McLemore, Middlebrooks & Co. and Wipfli; Silver Sponsors: Abram Armored; FHLB Atlanta; Mauldin & Jenkins; Southern Bank Equipment & ATMs; Troutman Pepper; Warren Averett CPAs and Advisors; and Starfield and Smith, PC, Attorneys at Law. Questions? Contact GBA’s Kathy Friestad.

 

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GBAIT News

Anthem BCBS of Georgia, Northside Hospital Reach Agreement

Northside Hospital and Anthem Blue Cross Blue Shield of Georgia have settled their negotiations, so GBA Insurance Trust members using Northside Hospital for care will continue to receive the substantial discounts negotiated for in-network services. A couple of stats illustrate why this is big news for our members.

  • GBAIT represents Anthem BCBS of Georgia’s fourth-highest utilization at Northside (after employees covered through the State of Georgia, University System of Georgia, and the City of Atlanta)

 

  • Northside is the most utilized facility provider for GBAIT’s membership:  6.9% of inpatient utilization and 17.9% of outpatient utilization during 2021.

At the Trust, we work hard to ensure you have the best care at the most affordable cost, and our statewide list of in-network providers is the most comprehensive in the state. These contract negotiations are often tense and a lot of money is at stake for the care givers and those paying the premiums for insurance coverage. We appreciate both sides finding a way to come together so your needs can be met and we can keep premium costs down.

 

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Consumer Protection Advocacy

#BanksNeverAskThat Anti-Phishing Campaign Returns in October

ABA’s #BanksNeverAskThat campaign has earned praise from policymakers, won creativity awards, and most importantly, educated tens of thousands of consumers about how to spot phishing scams. Registration is open now for the 2022 campaign—kicking off Oct. 3! ABA will be making fresh and fun updates to BanksNeverAskThat.com and adding new content to the easy-to-use toolkit. Look for videos, animated graphics, digital signage and more—free for ALL banks, courtesy of ABA. Register here.

 

 

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Compliance Alliance Question of the Week

 

Question: I have heard the new Flood Insurance Interagency Questions & Answers state that resolving discrepancies of zones is no longer necessary. Does this apply only to NFIP policies, or does it also apply to private policies?

 

Answer: It also applies to private policies in the sense that the bank is not required to reconcile discrepancies as they relate to private policies either. The new Flood Insurance Interagency Questions & Answers outlined below clarify that private flood insurance policies may still include the flood zone on the declarations page; however, the bank need not reconcile the discrepancy. Keep reading for more details, or link to the recently revised Flood Interagency Questions & Answers here.

 

“…ZONE 1. Does a lender need to reconcile a discrepancy between the flood zone designation on the flood determination form and the flood zone associated with a flood insurance policy?

 

No, a lender need not reconcile or otherwise be concerned with a flood zone discrepancy. For NFIP policies issued under FEMA's Risk Rating 2.0—Equity in Action (Risk Rating 2.0),[65] premium rates are no longer determined by the flood zone in which the property is located. Moreover, the flood zone is no longer included on the declarations page for NFIP policies issued under Risk Rating 2.0.

 

Flood insurance policies issued by a private insurer may still include the flood zone on the declarations page. Further, NFIP policies that have not been issued or renewed under Risk Rating 2.0 will include the flood zone on the declarations page.[66] In these cases, lenders also need not reconcile any discrepancy.

 

The flood zone determination is still necessary to determine if a property is located in an SFHA. If the SFHDF indicates that the building securing the loan is in an SFHA, the lender must require the appropriate amount of insurance coverage in accordance with the Act and Regulation…”

 

Visit www.compliancealliance.com for more helpful Q&A resources.

 

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Webinars

Handling Difficult People, CRE Appraisals, HMDA 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:

 

Colquitt - PeoplesSouth Bank

The bank recently donated $25,000 to Memorial Hospital and Manor through the Georgia HEART Rural Hospital Tax Credit Program. Read more here.

 

 

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GBA Newsmakers

 

Atlanta - American Pride Bank

Erik Bykat has joined the bank as its north-metro Atlanta market executive and senior vice president. He will be working out of the bank’s loan production office in Dallas.

 

Eastman - Great Oaks Bank

The bank’s Eastman office conference room was recently designated "The James H. (Jim) Green Conference Room” in honor of its longtime chairman. A resolution honoring Green was presented at the Eastman Dodge Area Chamber Business After Hours event hosted by the bank at its Eastman office. Read more here.

 

Greenville, SC - United Community Bank

Cory Boyte has joined the bank as senior vice president, head of capital markets corporate banking.

 

Perry - Persons Banking Company

Our sympathies to the family, friends and colleagues of bank director Davis Cosey, who died last week. Read more here

 

Valdosta - Ameris Bank

Eddie Bhawanie has joined the bank as a business banker serving Valdosta. Read more here.

 

Atlanta - Troutman Pepper

Anna Altizer Dix has joined the firm’s national real estate practice group as a partner. Read more here.

 

Atlanta - Georgia Bankers Association

Congratulations to three team members who have earned promotions recently. Kathy Friestad and Alison Moreau each have been promoted to senior professional development manager. Katina Prokos has been promoted to marketing and communications manager.

 

Washington, D.C. - American Bankers Association

Lindsay Torrico has been named senior vice president of bank community engagement and executive director of the American Bankers Association Foundation. Read more here. Brooke Ybarra has been named senior vice president of innovation and strategy and will lead the ABA’s Office of Innovation. Read more here.

 

 

Bykat Great Oaks Bank Boyte Bhawanie Dix

 

 

Friestad Moreau Prokos Torrico Ybarra

 

 

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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