July 8, 2022 

Wofford

Nanney

Leadership Conference Good to Go

We’re excited to be hosting hundreds of members and their families starting Monday at the 2022 Leadership Conference in Ponte Vedra, FL. The agenda is chock full of content useful to leaders at banks and Associate Member companies. We’ll cover everything from the economy and bank strategy to leadership effectiveness, and even hear some spy stories. And, new Leadership GBA officers will be installed and board members will be elected. Outgoing Leadership GBA Chair Jenny Wofford, Pinnacle Bank, will pass the gavel to Candice Nanney, Peach State Bank & Trust, to lead the board during the 2022-2023 program year. Look for details and photos next week. Thanks to our generous sponsors: Anthem, Aubrey Thrasher, LLC; CRS Data; CSRA Business Lending; Elliott Davis; Fenimore Kay Harrison LLP, FHLB Atlanta; First National Bankers Bank; Holmes-Shaw Agency; Mauldin & Jenkins, LLC; McNair, McLemore, Middlebrooks & Co., LLC; Pearl Meyer & Partners, LLC; Point to Point Environmental; Qualtik; ServisFirst Bank, Correspondent Division; Steve H. Powell & Co.; Troutman Pepper Hamilton Sanders, LLP, and Wipfli, LLP. Get details here.

 

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Distressed/Underserved Nonmetro Areas Defined

There are 147 Georgia communities on the 2022 list of distressed or underserved nonmetropolitan middle-income geographies recently published by bank regulators. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration pursuant to the definition of community development under the agencies’ regulations. See the Georgia list here. Visit the Federal Financial Institutions Examination Council (FFIEC) website to see the 2022 list, previous years’ lists, and criteria for designating these areas.

 

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Leader Updates

Senate/Governor Race Poll, FDIC Premium Increase, Small Businesses Borrow Locally

Our series of regular email updates to CEOs, committee members and other key leaders continued this week. Topics included:

  • Senate / Governor Race Poll. We shared an eyepopping poll that came out last week from Quinnipiac University showing incumbent Sen. Raphael Walker had jumped out to a 10-point lead over Herschel Walker, an 11 point swing from Quinnupiac’s polling in January that showed Walker leading by one point. Real Clear Politics is a site that aggregates polls so we looked at how the Quinnipiac poll affected the summary numbers. The Real Clear Politics average shows Warnock up 1.6% and Kemp up 4.8%, and both races are considered a toss-up. See the all-poll summaries here.

 

  • FDIC Premium Increase. You’ve probably seen the FDIC news release sent to the bank about their proposal to raise deposit insurance assessment rates by two basis-points. While that may not sound like a lot, it’s a 54% increase over the current assessment rate. We’ve got a representative group of members looking at the new assessment rate and what that will mean for their institutions to help inform our comment letter we expect to file before the Aug. 20 deadline.

 

  • Small Businesses Borrow Locally. The U.S. Chamber released with their second quarter small business index last week, and it was good to see the index stood at 66.8 on the 100 point scale, meaning small business owners are remaining optimistic. There are some interesting takeaways: inflation has replaced Covid-19 as their biggest concern, most report their business is healthy, competition is growing as is compliance red-tape, they’re paying employees more and being more flexible around work requirements, and they’re going local shopping for financing.

If you’d like more information about any of those topics, contact Joe Brannen, 404.420.2026.

 

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GBA BankPAC Kicks Off For the 2022 Campaign

The GBA BankPAC Board of Directors has recently begun their fundraising efforts for the 2022 campaign and things are off to a great start. Several members took advantage of the ability to include their StatePAC contribution in with annual GBA dues thereby kickstarting this year’s campaign. You will be hearing from the Board about participating, but, in the meantime, all CEOs should have received all of the campaign materials in the mail in the last couple of weeks. 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 also 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 so far are the following banks:

  • F&M Bank, Washington, Mr. Edward Pope, Washington

  • First National Bank of Griffin, Mr. J. Charles Copeland, Griffin

  • First Peoples Bank, Mr. Charles Sweat, Pine Mountain

  • Georgia First Bank, Mr. Chandler Maurice Beasley, III, Soperton

  • River City Bank, Mr. Jamie C. Tallent, Rome

  • The Citizens Bank of Americus, Mr. Richard A. Whaley, Americus

  • The Commercial Bank, Mr. Michael D. Sale, Crawford

  • The Geo. D. Warthen Bank, Mr. Kenneth A. Bibb, Sandersville

And, contributing to the GBA FedPAC are those eligible from the following associate member and bank:

  • Carr, Riggs & Ingram, LLC, Mr. Douglas L. Mims, Atlanta

  • Georgia First Bank, Mr. Chandler Maurice Beasley, III, Soperton

Thanks to you all!

 

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July 12 Deadline

Still Time to Participate in Community Bank Survey

We encourage members to take part in the 2022 National Survey of Community Banks sponsored by the Conference of State Bank Supervisors. The survey is open through July 12. This year’s questions focus on current bank conditions and emerging issues, including technology and inflation, product service design and offerings and the future of community banking. Georgia Banking Commissioner Kevin Hagler is a recent past chair of the CSBS, and he continues to serve on its board. Please support Kevin and the CSBS on this important work. The survey will take about 20 minutes to complete. Get details and participate here.

 

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The Westin Jekyll Island

Sign Up Now for Compliance Conference Oct. 19-21

Registration is now open for GBA’s 2022 Compliance Conference, scheduled for Oct. 19-21 at the Westin Jekyll Island this year. The conference covers the full spectrum of compliance topics and provides participants the opportunity to network, share best practices and learn from nationally known experts in a casual, away-from-the-bank environment to foster creativity and connections. Content is appropriate for compliance pros at any stage of their career. We are finalizing the agenda but have confirmed the following sessions and speakers:

  • Fair Lending, Gary Clayton, fair lending examination specialist, FDIC

  • Crypto and Cannabis Overview, Brad Rustin, partner, Nelson Mullins

  • Washington Update, Keith Barnett, partner, and Carlin McCrory, associate, Troutman Pepper

Additional sessions to be added will cover flood compliance, HMDA, a general roundtable discussion, and an Auditor and Compliance Officer panel discussion. Get all the details and register here.

 

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Women in Banking Conference – Only A Few Spots Left!

We’ve got more than one hundred women bankers registered to participate in this year’s Women in Banking Conference, Aug. 11-12 at Chateau Elan Winery & Resort in Braselton. We have increased our room block and still have a few rooms left, so there is still time to confirm your spot and join us! You don’t want to miss the packed agenda. We’ll get a Georgia legislative update from GBA’s Elizabeth Chandler and a national economic and policy outlook from Joan Woodward from Travelers, who is back by popular demand. Augusta’s own Vera Stewart (“Very Vera”) will share how she has successfully balanced life, home, career, and more for 38 years. Tuere Thomas, Ameris Bank, will lead a session on Project Management, and Shelly Sullivan, SouthState Bank, will talk to us about CRM. We’ll have our popular Executive Leadership Panel, with Karlene Gordon, Ameris Bank, Towanna Johnson, Georgia Banking Company, Terry Kennedy, Exchange Bank, and Marcie Bomberg-Montoya, Wipfli. Closing out the conference will be Laura Whitaker, CEO of ESP (Extra Special People). Don’t delay in signing up and booking your room.  A hearty thanks to 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.

 

Chandler Woodward Stewart Thomas Sullivan Whitaker

 

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The Ritz-Carlton Reynolds,
Lake Oconee

Sept. 25-27, Lake Oconee

President/CEO, Bank Counsel and Bank Accountant Conferences

Georgia’s only President/CEO-level concurrent conferences focused specifically on top-management skill-building, intelligence sharing and connections will take place Sept. 25-27 at The Ritz-Carlton Reynolds, Lake Oconee. Our agendas, planned by your peer bankers, attorneys and accountants will provide exclusive insight into strategy, trends and best practices to springboard your companies and firms to success in 2023. Click here to access the event website for more information and to register for the conference.  Sponsors of this event are limited to Bank Counsel Section members, Bank Accountant Section Associate Member firms and GBA Strategic Partners with relevant relationships. Click here to learn more. Thank you to our sponsors already confirmed: Carr, Riggs & Ingram, LLC; Crowe LLP; Elliott Davis; FHLBank Atlanta; Mauldin & Jenkins, LLC; McNair, McLemore, Middlebrooks & Co., LLC; Nichols, Cauley & Associates, LLC; ServisFirst Bank - Correspondent Division; Troutman Pepper LLP; and Warren Averett CPAs & Advisors.

 

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Sept. 13, Macon

Opening New Accounts Documentation and Compliance Seminar

Managing risk is the number one priority for all financial institutions, and it all starts at the new account desk. Join us Sept. 13 in Macon for the popular Opening New Accounts Documentation and Compliance Seminar with Suzie Jones of Training Resources Consulting. This full-day workshop, customized to Georgia state law, teaches essential new account opening procedures, best practices, and compliance requirements. It answers complex questions asked by customers and staff while focusing on vital information for every new account type. Learn more and register here.

 

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Oct. 4, Macon

Information Security Officer 101 Seminar: The “Why” and “How” of this Critical Position

Tom Hinkel, vice president of compliance services and compliance guru for Safe Systems, will explore exam expectations and how the pandemic changed the ISO function in the Information Security Officer 101 Seminar: The "Why" and "How" of this Critical Position, set for Oct. 4 at Middle Georgia State University in Macon. He will cover the key responsibilities of an ISO and the ISO’s role in interacting with stakeholders. This seminar is designed for new and experienced ISO’s, but compliance officers, audit committee members, IT Steering Committee members and network administrators will benefit as well from attending this seminar. Get all the details and register here.

 

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Compliance Alliance Question of the Week

 

Question: We have two borrowers who are requesting to refinance a loan secured by one of the borrower’s principal residences, but the purpose of the cash out will be to pay off a lien on a different residence that is only in one of the borrowers’ names. For HMDA purposes, should I report this as a Refinance since both liens are in one of the borrower’s names even if it’s not the same property?

 

Answer: Yes, that is correct since the HMDA definition of a refinancing does require that at least one of the borrowers be the same but does not necessarily require that that the dwelling securing the loans be the same: "Refinancing means a closed-end mortgage loan or an open-end line of credit in which a new, dwelling-secured debt obligation satisfies and replaces an existing, dwelling-secured debt obligation by the same borrower." Click here to read more.

 

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

 

 

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Summer Health Tips from GBAIT Partner Wellview

Millions are taking advantage of the summer vacation season, and we've all experienced how traveling can throw off your routine and make it hard to stay healthy. GBA Insurance Trust’s partner in health, Wellview, has shared this list of quick tips to take with you the next time you travel. Also check out these summer health tips for the whole family here. GBA Insurance Trust’s partner in health, Wellview, can support you in everything from healthier eating to fitness goals to mental health and more. Wellview services are available to anyone on the GBA Insurance Trust plan. Get started at my.wellviewhealth.com. GBA Insurance Trust provides health insurance and wellness plans for 182 member companies and more than 18,000 members and their families. Contact Lee Monroe and Jayn Lawson for information.

 

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GBA Endorses and Recommends Abrigo’s Entire Suite of Credit, Lending & Portfolio Risk Solutions

The Abrigo suite of software solutions offers banks powerful choices for the automation of data-heavy tasks like stress testing, portfolio analysis, and CECL calculations. Abrigo’s Credit Risk Software helps institutions make defensible credit decisions with speed and precision on one connected system, reducing bottlenecks in the lending process. Its lending software automates the lending process to reduce origination costs and lending inefficiencies. With Abrigo’s Portfolio Risk Solution, you can manage portfolio-wide risk automatically with one-time data entry and robust frameworks that make it easy to gain maximum operational efficiency by connecting stress testing, expected losses, assets/liability modeling, and more. Their software automates key processes empowering our customers by addressing their Enterprise Risk Management needs. Contact Abrigo’s Laura Wahl at laura.wahl@abrigo.com, or 919.906.5649 to learn more. Discounts on new software purchases are available for all GBA members.

 

Additional Video Resources:

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How to Recognize Clients At-Risk for Elder Abuse from GBA Associate Member Travelers

According to the FBI, millions of elderly citizens are targeted annually with some form of financial fraud, and many of these attempts are successful. It has been estimated that seniors lose approximately $3 billion per year as a result of these scams, which are becoming more widespread and sophisticated. With these facts in mind, banks are continuing to maintain heightened sensitivity around transactions that involve elderly clients, particularly if these clients have historically managed their own finances and may be exhibiting signs of cognitive decline. Knowing the customer, coupled with a comprehensive employee training program, acts as a strong front-line tactic to prevent and expose elder financial abuse. While banks are already doing a lot to keep seniors safe, here is a reminder of some best practices for recognizing “at-risk” clients from GBA Associate Member Travelers. For more information, visit www.travelers.com.

 

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Special Webinar Series

How to Recruit/Retain Rock Star Employees

The battle for banking talent is as fierce as ever, and we hear regularly from members about the challenges in recruiting and retaining top talent. We’ve got a resource that may be helpful to you; a series of self-paced webinars that will help you create a recruiting process that will attract talent, onboard employees successfully and retain top talent in your organization. Get more details and register here.

 

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Webinars

BSA Summer Update, TRID, Social Media Compliance

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:

 

Hawkinsville - Planters First Bank

The bank provided refreshments for the M. E. Roden Library’s “Oceans of Possibilities” Summer Reading Finale on July 5 in Hawkinsville.  Pictured are bank team members Lina Jones and Bobbie Clemons hosting the refreshment table on behalf of the bank.

 

Atlanta - Georgia Bankers Association

Team GBA was well represented at the 2022 Peachtree Road Race in Atlanta. Pictured below from left is: Joe Brannen, GBA president and CEO; Bo Brannen, director of GBA Member Services; Anne Miller; Fauzia Anjum, GBA senior accountant; and Ahmed Khan. GBA CFO John Runnion also participated in the race virtually. John is also on the board of directors and serves as treasurer for race sponsor, the Atlanta Track Club.

 

Jones and Clemons Joe Brannen, Bo Brannen
and Anne Miller
Fauzia Anjum and Ahmed
Khan

 

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Newsmakers

 

Dublin - The Citizens Bank of Cochran/Community Bank of Dublin-Laurens County

Cole Stewart has joined the bank team as a lender/credit analyst. Read more here.

 

Milledgeville - Magnolia State Bank

April Thompson has been promoted to assistant branch manager of the bank’s Milledgeville branch.

 

Waycross - PrimeSouth Bank

Bank Chairman Patrick Jones has been appointed to Board of Regents of the University System of Georgia, filling the vacated seat previously held by Regent Don Waters representing the 1st Congressional District. Read more here.

 

Clearwater, FL - BankSmart

Executive Vice President Mike Phillips has been appointed to the Institute of Management Accountants Global Board of Directors. Read more here.

 

 

Stewart Thompson Jones Phillips

 

 

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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