May 20, 2022 

It's Go Time for Rural Development and Lending Conference

Bankers serving rural markets and agribusiness customers are gathered this week for their annual conference. Here are a few photos from the Thursday afternoon sessions. Look for more photos and highlights next week.

 

 

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Vote on Tuesday!

If you haven’t taken advantage of early voting, we encourage members to get out and vote in the Georgia primary elections Tuesday. There are key races for U.S. Senate, U.S. House, Governor and other constitutional offices and scores of local officials. Use social media to show banking’s strength in participating in our democracy by posting a photo with your “I voted” sticker to #GABankersVote. We’ll amplify it on our social channels.

 

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House Committee Advances Credit Union Expansion Bill

A narrow party-line vote within the U.S. House Financial Services Committee Wednesday advanced H.R. 7003, a bill that would loosen credit union membership criteria and expand their business lending capacity. GBA will keep up opposition to the bill as it moves on to consideration by the full House, and we encourage members to reach out to your member of Congress to do the same. Earlier this week, GBA signed on to a letter by 51 state bankers associations to the House Financial Services Committee opposing the bill. Read the full letter here. Contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.372.7893, with questions.

 

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Eiford leads the meeting

Community Bankers Committee Meets

Our volunteer committee of member bankers representing the state’s community banks gathered this week to compare notes about economic conditions and common bank leadership topics as well as to begin planning the annual GBA President & CEO Conference, which is Sept. 25-27 this year. Incoming Committee Chair Greg Eiford, TC Federal Bank, led the meeting. While bank performance is good and overall economic conditions are in reasonably good shape, the theme of the discussion among members was they are spending a lot of time managing expectations for customers, boards, investors, examiners and their bank team members, who all have unique needs these days. Some of the common issues were managing excess deposits, the possible impacts of rate increases, inflationary pressures on wages and consumers, good loan growth being outpaced with even higher levels of payoffs, compensation and competition for talent, and a host of regulatory concerns. Conference program planning got underway with some ideas about sessions to address these topics and others. Eiford will lead a subcommittee comprised of incoming Vice Chair Rick Basinger, Northeast Georgia Bank, current Chair John Barker, First Bank of Pike, Bill Walker, Legacy State Bank, Susan Moss, Planters and Citizens Bank, and Tim Finney, ServisFirst Bank, to finalize the program. The conference will be Sept. 25-27 at the Ritz-Carlton Reynolds, Lake Oconee. Registration will open soon. With questions, contact Kathy Friestad.

 

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Annual Meeting Just Three Weeks Away

It’s hard to believe that we’re just weeks away from the GBA Annual Meeting, June 13-15, at The Breakers in Palm Beach. Be sure to check out the detailed agenda and the excellent educational sessions we’ve got lined up. And, for confirmed registrants, be on the lookout for an email with specific information about events, amenities and activities. Pre-registration for optional afternoon activities ends June 7. If you have questions, please contact GBA’s Kathy Friestad.

 

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Leadership Conference – A Few Spots Still Available!

There are still a few spots available at the GBA Leadership Conference, July 11-13, at the Ponte Vedra Inn & Club! Built for your bank or company’s emerging leaders, the event features educational sessions led by experienced bankers, industry experts and leadership professionals. Networking time is purposefully built into the schedule to facilitate professional and personal relationships and family time. Families are encouraged to attend, and children may attend both evening events (additional fee). Sponsorship opportunities are still available. Click here for everything you need to know. A huge shout-out to our 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/PointeNorth; 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, and Wipfli, LLP. Questions? Contact GBA’s Kathy Friestad.

 

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Call for Nominations for Group Representatives on Leadership GBA Board of Directors

The Leadership GBA Board of Directors has three positions that will be open as of July 1. There is one vacancy each in GBA’s newly restructured geographical groups: North, Central, and South. The positions will be for a three-year term, July 1, 2022 - June 30, 2025. Click here to see the GBA map identifying which counties and towns these groups include. To be eligible to serve, nominees must be active supporters and participants in Leadership GBA-related efforts and events, such as the annual Leadership Conference (participation required), our Leadership Roundtables, BankPAC Golf Classic and Sporting Clays Shoot, GBA Legislative Forum and Reception and the Georgia Banking School. To be eligible for consideration, candidates must be aware of the responsibilities involved, have the approval of their CEO, and agree to attend the Leadership Conference. Nominations should be submitted by June 15. Board members are elected at the Leadership Conference, July 11-13, in Ponte Vedra. Click here for the nomination form. Forms will be accepted through June 17. Leadership GBA supports the advancement of career bankers by providing leadership development training, serving as a forum through which career bankers can network and exchange ideas, and assisting bankers in educating the public about banking, personal finance and careers in banking. Contact GBA’s Kathy Friestad with questions.

 

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New GBA Guide to Bank Record Retention is Now Online with Over 75 Recent Changes

Featuring Bank Record Retention Quick Notes©, by Carl Pry

 

The GBA is pleased to announce that the updated GBA Guide to Bank Record Retention, featuring Bank Record Retention Quick Notes©, by Carl Pry, is now available for purchase. It is designed to be a fast and easy-to-use reference for the most common types of records questions that bankers encounter in a completely online format. Please note we no longer have printed copies available for purchase.

 

This guide is intended to support the development of a complete and understandable record retention program at your bank. Record retention policies are required by regulators and important for your customers if their bank records are ever subpoenaed.

 

The Quick Notes© refer to federal or general industry practices in six broad topic areas: General; Deposits and Operations; Loans; Securities; Human Resources; and Tax. They also contain the available requirements of FinCEN, CFPB, OCC, NACHA, IRS, SEC, FDIC, FRB and other relevant state agencies.

 

Including over 75+ recent changes, the newly released edition is further streamlined to assist bankers at every level. Additions include new independent sections on both Trusts & Estates and Audit as well as numerous other relevant updates throughout the rest of this unique industry guidebook.

 

We hope that you will find this to be a valuable resource to help your bank. Please contact GBA’s Bo Brannen at bbrannen@gabankers.com, to place an order.

 

Pricing (does not include sales tax)

  • One user login - $125

  • 2-5 user logins - $495

  • 6-15 user logins - $1,250

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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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Mental Health Awareness Month Resources from GBAIT Partner Wellview

May is Mental Health Awareness Month, so GBA Insurance Trust’s partner in health, Wellview, recommends taking time this month to practice one or all of these five tiny habits for daily mental fitness. Looking for one-on-one support? Schedule with a Wellview Mental Health Specialist at my.wellviewhealth.com for guidance and support for anything on your mind! 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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Compliance Alliance Question of the Week

 

Question: If the Bank does not use any type of credit report when denying deposit accounts, are we required to provide an adverse action notice?

 

Answer: If the bank did not use any type of credit report to deny the deposit account application, then an adverse action notice would not be required under the Fair Credit Opportunity Act or under Regulation B, assuming no extension of credit is involved. However, it’s important to consider that notice may still be required under the bank's internal policy, so the bank would want to check there as well and be consistent with what it has done in similar situations in the past.

 

Click here to read more and visit www.compliancealliance.com for more helpful Q&A resources.

 

 

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Webinars

CRE Loan Docs, CRA, Fair Lending and More

Here’s a sampling of upcoming webinars. 

See the full slate of upcoming webinars here.

 

Related: On May 23 only, use promo code LUCKYPENNY15 to receive 15% off all webinars!

 

 

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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:

 

Atlanta - Access to Capital for Entrepreneurs (ACE)/JPMorgan Chase

ACE this week announced its continued partnership with JPMorgan Chase and the close of $100 million for the Entrepreneurs of Color Loan Fund (Loan Fund), an impact investment loan fund that works with local community development financial institutions (CDFIs) to accelerate the flow of capital to minority-led businesses. Read more here.

 

Chatsworth - First National Community Bank

On May 19, the bank hosted a bake sale and auction fundraiser across all its branches to benefit Cancer Navigators.

 

Dublin - Morris Bank

FERST Readers of Laurens County received a grant from the Morris Bank Community Foundation for $3,600 to fund a local literacy initiative. These funds were used to purchase book subscriptions for 100 babies born at Fairview Park Hospital in Laurens County. Once a child is signed up for the program when they are born, they will receive one book a month until the age of five to help foster literacy development.

 

Watkinsville - Oconee State Bank

The bank recently held its Spring Shred Day, where the bank’s mortgage team and 2022 Junior Board of Directors helped more than 140 cars of current and prospective customers from the local community.

 

 

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Newsmakers

 

Atlanta - United Community Bank

The bank announced it has chosen 17 of its emerging leaders for the bank’s 2022 Leadership Academy, an internal professional development program that includes team members from across the five-state United Community Bank footprint. The bankers selected from the Atlanta area are Christian Ngo, commercial relationship manager; Nancy Goldman, commercial loan Review Officer; and Tim Ash, president.

 

Gainesville - Peach State Bank & Trust

The bank is moving to a new location in the former SunTrust building on E.E. Butler Parkway near the end of historic Green Street.

 

Griffin - United Bank

Kaleb Holton has been promoted to banking officer. Blane Parker has been promoted to vice president. Erica Johnson has been promoted to assistant vice president, mortgage. Dana Williams has been promoted to vice president, human resources.

 

Watkinsville - Oconee State Bank

The bank recently received the "Thank God It’s Monday!® Internal Culture" 2022 Banky Award from the Institute of Extraordinary Banking. Vice President, Director of Deposit Operations Jennifer Rudd recently received the bank’s Golden Cupola Award for going above and beyond the call of duty. The bank’s Gwinnett Financial Center was named the 2021 Best of the Best in the Banking category for Gwinnett County by Gwinnett Magazine.

 

Waycross - PrimeSouth Bank

Maggie Burch was recently promoted to assistant vice president, Waycross branch manager. Jessica Trull was recently promoted to senior vice president, director of retail.

 

Washington, D.C. - CSBS (Conference of State Bank Supervisors)

Our sympathies to the family, friends and colleagues of CSBS President and CEO John Ryan, who died unexpectedly on May 16. The board of directors named James Cooper, EVP of Policy and Supervision, as the acting CEO of CSBS. Read more here.

 

 

Peach State Bank & Trust Holton Parker Johnson Williams

 

 

Oconee State Bank Rudd Burch Trull

 

 

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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