April 14, 2023  

Annual Meeting Notice

Kim Wilson to Assume Chairmanship, Barber, Williams Nominated as Officers

The GBA Nominating Committee has met and according to its Chair, Luke Flatt, chairman, AB&T, Albany, the committee unanimously recommends the 2023-2024 GBA Chairman-Elect be Brad E. Barber, president and CEO, First National Bank, Bainbridge. Nominated as Vice Chairman is Philip G. Williams, president and CEO, The Claxton Bank. Barber and Williams will stand for election by the membership at the GBA Annual Business Meeting at 7 a.m. June 20, 2023, at the Broadmoor in Colorado Springs, CO. We’ll also hear a state of the association speech by current GBA Chairman Rhodes McLahanan, CEO, First American Bank & Trust Company, Athens, install board members, consider resolutions and recognize bankers who have served 50 years or more in the industry. As the current Chairman-Elect, Kimberli (Kim) D. Wilson, president and CEO, OneSouth Bank, Macon, automatically becomes 2023-2024 GBA Chairman July 1. “Kim, Brad and Philip are the consummate bank leaders and have each served GBA for many years across a variety of volunteer positions. They know the association and are in-tune with the broad spectrum of member needs. GBA’s community of bankers and banking-industry professionals will be in good hands with them at the helm,” McLanahan said. Click here for details and registration access for the full GBA Annual Meeting event.

 

Kim Wilson Brad Barber Philip Williams

 

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New Board Members Elected

As specified by the GBA Bylaws, the membership elects directors to represent GBA’s North, Central and South Groups to three-year terms. The following bankers, elected by their peers, will begin a three-year term on the GBA Board of Directors beginning July 1, 2023:

  • North Group: Jamie C. Tallent, president and CEO, River City Bank, Rome

  • Central Group: Samuel W. Beall, president and CEO, Bank of Dudley

  • South Group: Donald J. Torbert, Jr., president and CEO, Southeastern Bank, Darien

The incoming Chairman also makes an At-Large appointment each year for a three-year term. Kim Wilson has appointed Michael T. Lee, regional president, Ameris Bank, Valdosta.

 

Jamie Tallent Sam Beall Jay Torbert Michael Lee

 

Richard A. Basinger, president and CEO, Northeast Georgia Bank, Lavonia, will serve on the board representing the GBA Community Bankers Committee as its chair. Gregory H. Eiford, president and CEO, TC Federal Bank, Thomasville, will serve on the Board in the position designated for the chair of GBA Services, Inc.

 

The Associate Member representative on the board will be Marjorie Huckabee Carter, McNair, McLemore, Middlebrooks & Co.

 

As incoming chair of the Leadership GBA Board, Thomas Kelly Smith, First National Bank of Griffin, becomes that group’s representative on the GBA Board of Directors.

 

Rick Basinger Greg Eiford Marjorie
Huckabee
Carter
Kelly Smith

 

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Georgia Institutions Awarded $35.2 million in CDFI Grants

Five member banks and two Associate Member companies are among the 14 Community Development Financial Institutions in Georgia that will get $35.2 million in CDFI grants to boost local economies negatively affected by the COVID-19 pandemic. The Treasury Department announced the grants this week. The grants may be used to support lending related to small businesses and microenterprises, community facilities, affordable housing, commercial real estate and intermediary lending to nonprofits and CDFIs, according to the Treasury Department. The funds can also be used for financial services, development services to support borrowers and operational support for the CDFI grant recipient. Nationwide, 603 CDFIs will receive $1.73 billion in grants. Bank of Camilla, Carver Financial Corporation, Citizens Trust Bank, South Georgia Banking Company, Summerville Trion Bancshares, Access to Capital for Entrepreneurs and Small Business Assistance Corporation are the GBA member grant recipients. Access the full list of Georgia recipients here.

 

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Scenes from the GBA Security Conference

A big crowd of Georgia bank security professionals are soaking up the intel and resources at their annual conference this week. Thanks to GBA’s Security Committee for planning the speakers and sessions, which this year includes a policies and procedures workshop, a special session about roles and responsibilities, the latest on ATM thefts and robberies, active shooter event tactics, elder fraud prevention, mail theft / check fraud trends and more. Here are a few scenes from the week so far, and look out for a full debrief and more photos in next week’s issue.

 

 

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Leader Updates

More Folks, Top Compliance Violations, CSBS Sentiment, FHLB Support and 1071 Timeline

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

  • Population Estimates: Georgia’s population grew by 1.9% in 2021-22. We broke down how that stacks up regionally

 

  • FDIC Compliance Violations Review: We shared some detail on the most frequent compliance violations noted by the FDIC recently. TILA violations were the most cited.

 

  • CSBS Sentiment Index: A national survey shows a dip in Community Bank Sentiment. We outlined that, and contrasted it with more positive sentiment reported from our roundtable participants who have met recently.

 

  • FHLB Support Letter: We recently signed on to a letter to FHFA Director Sandra Thompson opposing opening up the FHLB system to competing, less regulated industries and urging more banker input into changes being considered to the FHLB system. Read the letter here.

 

  • Small Business Lending Data Collection Rule: We shared some detail about the institutions covered and the timeline for implementation on the CFPB’s new small business data collection rule.

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

 

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Perry White

Member Profile

Working in the Best Interest of Ag Customers with Perry G. White

“All my life I have been involved in agriculture in some aspect,” said Community Bank of Georgia vice president / commercial lender Perry G. White. He grew up in Pearson, GA, on a farm that has been in his family for over 120 years. And he attended Abraham Baldwin Agricultural College, where he discovered that becoming an ag lender would allow him to further expand his knowledge of agriculture while exploring the financial aspects of it. “The best part of my role at the bank is being able to sit down with the same customers year after year and develop goals for their operation, then watching them achieve some of those goals with the help of our bank,” he said. A member of GBA’s Ag Committee, White shares about the importance of relationships, how he connected with his wife over their shared background in agriculture, and his love of re-watching episodes of "The Office" in the latest GBA Member Profile.

 

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Hotel room block expires soon!

Rural Development & Lending Conference - May 18-19 on St. Simons

We are pleased to welcome back Marshal Lamb, research leader and location coordinator with the USDA-ARS-National Peanut Research Laboratory, at this year’s Rural Development and Lending Conference May 18-19 at the King & Prince, St. Simons. Marshall will discuss the current peanut market situation and outlook for the 2023 peanut crop. He'll also give a research update on new technologies in peanut research that addresses peanut industry concerns and methods to mitigate the challenges faced by the industry. Future technology development and ways to implement these technologies into current industry production, handling and processing practices will also be addressed. Closing out the conference, Dr. Roger Cryan, Chief Economist with the American Farm Bureau will provide an Economic Update. Thanks to the GBA Agricultural Committee, led by Chair Rachel Thompson, Bank of Newington, and Vice Chair Matt Rushton, AB&T, for their work on the agenda. For more information and to register, click here. A huge thanks to Platinum Sponsor CSRA Business Lending and Gold Sponsor Point to Point Environmental. With questions, contact Alison Moreau, 404.420.2034.

 

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Welcome GBA’s Newest Associate Members

GBA Associate Membership is offered to individuals and organizations that want to do more business with banks as clients. These members also provide invaluable support to GBA’s activities and programs throughout the year through attendance, sponsorships, exhibits and shared expertise. Be sure to get to know them and thank them for their support of GBA. You can get information about any of GBA’s Associate Members by using the Associate Member search function on our website. For additional information, contact Bo Brannen, bbrannen@gabankers.com. 404.420.2014.

 

Convergint Technologies

Mr. Justin Morrison, justin.morrison@convergint.com

www.convergint.com

 

Convergint offers a suite of project delivery tools to ensure that your bank’s financial assets, customers, and employees are protected. With a deep understanding of regulatory compliance requirements and internal operations, Convergint deploys scalable solutions to meet the evolving needs of banks. Specializes in installation and maintenance of building security systems.

 

 

CoStar Group

Mr. Dave Dunay, ddunay@costar.com

www.costar.com

 

CoStar is an industry leader in commercial real estate information, analytics and news. They provide clients with data and tools needed to make smart decisions and stay ahead of the competition. Their extensive research operation provides comprehensive data, giving clients a clear understanding of the transactions, trends, assets and players in the market. Over 188,000 CRE professionals are current clients.

 

 

 

 

THE FIRM Group, LLC

Mr. Bradley Carroll, bradley@thefirmgroupllc.com

www.thefirmgroupllc.com

 

The Firm Group offers co-and outsourced internal audit activities for community banks, including BSA/AML and model validation. Electronic banking, operations, compliance internal audits by experienced bank internal auditors.

 

 

Glia

Ms. Elysia Hernandez, elysia.hernandez@glia.com

www.glia.com

 

Glia is reinventing how banks support their customers in a digital world. Glia’s solution enriches online communications engagements with seamless digital experiences. Glia has partnered with more than 350 banks and other financial institutions across the globe to improve top and bottom-line results through digital customer service.

 

 

Infoshield

Mr. Josh Susen, josh.susen@infoshield.net

www.infoshield.net

 

Fractional CISO/ISO services include overseeing the information security program, reporting to a board or oversight committee, security awareness training, security infrastructure design and oversight, vendor risk assessments and managing auditor engagements.

 

 

HORNE

Ms. Sarah Duncan, sarah.duncan@horne.com

www.horne.com

 

HORNE is a professional services firm founded on a cornerstone of public accounting. Their CPA heritage brings trust and discipline to the brand. Strategic choices brought HORNE the talent, skills and mindset to solve their clients’ biggest issues. HORNE specializes in banking, construction, franchise, government services, healthcare, public & middle market, tax, wealth strategies and cybersecurity.

 

 

Lincoln James Financial Marketing

Mr. Lincoln Parks, lparks@lincolnjames.net

www.LincolnJames.net

 

Lincoln James is a community bank marketing agency that delivers digital & traditional marketing strategies that bring banks their ideal customers. In today’s market, the acquisition of new customers based on location alone is not an effective growth strategy. Utilizing digital and traditional marketing strategies in their Growth Accelerator provides your bank with a more effective way to find new clients.

 

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Last chance to register!

Call Report Seminar - April 19 in Macon

Call report accuracy is crucial. Join us April 19 at Middle Georgia State University in Macon for the next GBA Call Report Seminar, which will equip you with the practical techniques and resources you need to improve your overall call reporting process. You'll learn from Mauldin & Jenkins’ experts, Michael Gordon, Nicole Cunningham and Bill Curtis. These experts will equip you with practical techniques and resources to improve your overall call reporting process. Click here for details and to register. With questions, contact Aimee Corcoran, 404.420.2035.

 

Michael Gordon Nicole
Cunningham
Bill Curtis

 

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Early Pricing Ends on April 19 – Register Today!

Loan Documentation Seminar - April 26 in Macon

Learn the fine art of perfecting loan documentation for your institution at GBA’s Loan Documentation Seminar, April 26 at Middle Georgia State University in Macon, presented by Mike Allen, fan-favorite faculty member for the Georgia Banking School. Mike will share the secrets of what’s needed to prevent loan losses through the implementation of proper loan structuring and documentation techniques. Click here for details and to register. With questions, contact Aimee Corcoran, 404.420.2035.

 

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Breaking News: Approved for 6 CPE credits!

Information Security Officer Seminar - April 27 in Macon

Join us for the Information Security Officer Seminar on April 27 at Middle Georgia State University in Macon and learn from the IT security experts Josh Dasher and Emily Strickland, Safe Systems. During this seminar, attendees will explore the exam expectations for information security and gain the skills an ISO needs for success. Thank you to our sponsor, Safe Systems. Click here for details and to register. With questions, contact Aimee Corcoran, 404.420.2035.

 

Josh Dasher Emily Strickland

 

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Act Fast: Limited Seats

GBA Banking School - It’s Not Too Late to Join the Class of 2025!

We’re approaching capacity, so don’t delay in registering if you want to attend. Here are the details:

  • When: April 30 - May 5

  • Where: UGA Center for Continuing Education and Hotel in Athens

Since 1961, the GBA-sponsored school has been a highly effective resource for developing the leadership talents of Georgia bankers. Planned by the Georgia Banking School Board of Directors, the school’s mission is to prepare first- and mid-level managers to effectively and profitably serve the public. Here's what Ryan Martin, Senior Vice President and Savannah Market President at Truist and 2022 Georgia Banking School Graduate of Distinction, had to say about his school experience.

 

Learn More About Georgia Banking School Here

 

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Planned by Compliance Officers for Compliance Officers

GBA Compliance School – Class of 2024!

Don’t miss out on your chance to learn from the best in the industry and build relationships with your peers across the state at GBA Compliance School Year 1 – Building the Base coming up April 30 - May 5 at the UGA Center for Continuing Education and Hotel in Athens. Planned by GBA’s Compliance School Board, the GBA Compliance School is a two-year program designed to give new and experienced compliance pros the tools necessary to build, monitor and maintain an effective compliance program. Year 1 begins this year, so don’t miss this opportunity to join this program and gain the fundamentals required to ensure a solid compliance management program.

 

Learn More About the GBA Compliance School Here

 

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Sign Up Today!

 

 

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Help Your Customers Run their Family “Small” Business with GBA Partner Bank Marketing Center

Your customers household can run like a small business, and your bank knows small business. So, it’s a logical step to appeal to your customers' experience running a business, when it comes their family finances. Young families, blended families, single moms and dads and others all need their bank to offer advice and help them make the best financial decisions. GBA partner Bank Marketing Center is here to help you in that mission. Check out all the new promotions available from Bank Marketing Center that will let your customers know that your bank is serious about serving the financial needs of their families and business. Click here to schedule a demo today. Contact Taylor Wooten,  678.436.5743, for more details. GBA members automatically receive a 20% discount on subscriptions.

 

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Section 1071 Final Rule Analysis from GBA Partner Compliance Alliance

On March 30, one day before the deadline to publish the final rule, CFPB issued the long-delayed Section 1071 final rule. As you may recall, Section 1071 of Dodd-Frank amended the Equal Credit Opportunity Act (ECOA) and requires the collection specific application data points for the purpose of facilitating the enforcement of fair lending laws and enabling banks to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses. The final rule covers both closed-end loans and open-end lines of credit, with limited exceptions. Under the final rule small businesses will be able to self-identify as minority-owned or women-owned and will also be able to identify if the business is “LGBTQIA+”-owned. The final rule makes it clear that banks should be able to rely on the information provided by the business, or appropriate third-party sources for certain data points, when compiling Section 1071 required data. Please read more analysis of the Section 1071 final rule from GBA partner Compliance Alliance here.

 

Compliance Alliance Question of The Week

 

Question: Can a single loan be reported on both the HMDA and CRA LAR in a given year?

 

Answer: It depends. Generally, loans cannot be double counted for HMDA and CRA purposes. However, multifamily affordable housing loans may be reported both under HMDA as home mortgage loans and as Community Development loans.  Also, the refinance of a loan to a business where a residence is taken as collateral could be reported both under HMDA and as a Small Business or Small Farm loan.

 

For more timely compliance updates and resources, subscribe to Compliance Alliance’s email newsletters. To learn more, sign up for one of the live Compliance Alliance demos on Tuesday and Thursday afternoons.

 

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CECL Model Validations and Internal Audits

By Alek Bevensee, Senior Manager, Elliott Davis

 

Fifteen years after the financial crisis that led to its creation and six and a half years since the issuance of ASU 2016-13, the implementation date for current expected credit loss methodology (CECL) has finally come and gone. As with many areas of CECL, regulatory guidance explaining when model validations are warranted versus when an internal audit may be appropriate, has been infrequent and ambiguous. To make this determination more confusing, there are wide-ranging definitions of the word “validation” being used by vendors across the industry. In this article, Bevensee discusses the difference between an internal audit and a validation and provides some perspective on items to be considered when making the determination as to which is more appropriate for your institution.

 

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Notice of COVID-19 Testing Changes from GBAIT

The federal COVID-19 Public Health Emergency (PHE) is expected to expire on May 11. The PHE has been in effect since March 18, 2020, and during that time, GBA Insurance Trust, Inc., (GBAIT) covered certain mandated COVID-19 testing items and services at no cost to members. Upon the expiration of the PHE, GBAIT will cover the following items and services.

  • Vaccines: GBAIT will cover COVID-19 vaccines furnished by an in-network health care provider without member cost sharing. Out-of-network provider vaccine administration will not be covered, unless an in-network provider is not located within 60 miles of the member’s residence.

 

  • Physician Testing: Physician testing will be covered according to each member’s cost sharing in the same manner that physician testing is covered for other conditions like the flu.

 

  • Over-the-Counter Testing: GBAIT will cover eight over the counter COVID-19 tests per member per year at no cost to the member.

 

  • Treatments: There will be no coverage changes for COVID-19 treatments, and in cases where cost sharing and deductibles currently apply, they will continue to apply in the same manner.

These changes will take effect on June 9. With questions, please reach out to Jayn Lawson, 404.420.2002, or Lee Monroe, 404.420.2013. We appreciate our participating member banks' and companies’ ongoing confidence and support of the GBA Insurance Trust.

 

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Webinars

Annual Deposit Regulation Training, Security Assessments, Elder Financial Exploitation and More

Here’s a sampling of upcoming webinars.

Want to see the full webinar schedule? Check out our webinar calendar for a full list of upcoming 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.

 

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, kprokos@gabankers.com, and David Oliver, doliver@gabankers.com, or if your company would like to sponsor this content, let us know. Here's our latest installment:

 

Cordele - Planters First Bank

On Friday, the bank’s Cordele Banking Center held a bake sale with all proceeds supporting local charities.

 

Greensboro - BankSouth

The bank recently sponsored the Christ Our King and Savior (COKAS) Catholic Church's 16th annual COKAS Cup Golf Tournament at Harbor Club.

 

Metter/Millen - Queensborough National Bank & Trust Company, Inc.

The Easter Bunny visited the bank’s Metter and Millen branches on Friday to celebrate Easter.

 

 

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GBA Newsmakers

 

Atlanta - CoastalStates Bank

Makisha Gann has joined the bank as vice president, community banker.

 

Atlanta - Georgia Banking Company

The bank recently announced the establishment of its new Payments & Technology Banking Group, which will provide high-volume payments, complex treasury solutions, technology partnership and other corporate banking services to businesses. Nathan Ottinger will lead the new group supported by a team of experienced banking professionals including Chris Stanley, Sam Gleaton, Patrick Spurgin and Jim Ogle. Read more here.

 

Columbus - Synovus

The bank was recently ranked #1 in customer satisfaction in the Southeast region in the J.D. Power 2023 U.S. Retail Banking Satisfaction Study.

 

Griffin - United Bank

Scott Swafford has been promoted to president/COO of the bank. Read more here.

 

Lawrenceville - Embassy National Bank

Tyler Phillips has joined the bank as executive vice president, Chief Banking Officer. Tom Adelaar has joined the bank as assistant vice president and human resources manager.

 

Marietta - Capital City Bank

The bank’s Marietta team recently attended the Best of Cobb celebration, where the bank was named “Best Bank” by Cobb Life magazine.

 

Milledgeville - Century Bank and Trust

The bank recently held an event to kick off its 125th anniversary celebration.

 

Richmond Hill - The Claxton Bank

Christy Pace has joined the bank as a personal banker. Read more here. Mary Fuller has joined the bank as a loan officer assistant. Read more here.

 

Watkinsville - Oconee State Bank

John Davis has joined the bank as executive vice president, Chief Innovation and Technology Officer. Read more here.

 

Atlanta - James Bates Brannan Groover LLP

Christina Ling has joined the firm’s General Litigation practice group. Read more here. Joey Burtner has joined the firm’s Commercial and General Litigation practice groups. Read more here.

 

 

Makisha Gann Nathan Ottinger Synovus Scott Swafford

 

Tyler Phillips Tom Adelaar Capital City Bank

 

Century Bank and Trust Christy Pace Mary Fuller John Davis

 

 

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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Registration Opening Soon!

 

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