June 30, 2023  

GBA Annual Meeting Photo Album

In case you missed the link last week, here’s where to see our GBA Annual Meeting photo album with all the snapshots from the big program and festivities as we installed new leaders, learned the latest industry intel and enjoyed some good networking time.

 

 

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Thank You to Annual Meeting Sponsors for Your Support

We could not make events like the GBA Annual Meeting happen without the generous support of our sponsors. A huge thank you to these Associate Members:

  • Presenting Sponsors: BHG Financial, Truist Securities and Safe Systems, Inc.

 

  • Platinum Sponsors: EBS, Fenimore Harrison Kay LLP, FHN Financial and ServisFirst Bank

 

  • Gold Sponsors: American Bankers Association, Aubrey Thrasher, LLC, Crowe LLP, CRS Data, Engaged Banker eXperience, First National Bankers Bank, McNair, McLemore, Middlebrooks & Co., Inc., Profit Resources, Inc., Raymond James, Steve H. Powell & Co. and Troutman Pepper

 

  • Silver Sponsors: Elliott Davis, FHLBank Atlanta, Glia, Holmes Shaw Agency - A Member of the PointeNorth Insurance Group, Jack Henry, Mauldin & Jenkins, Nichols Cauley & Assoc., Point to Point Environmental, United Bankers’ Bank, Warren Averett CPAs & Advisors and Wolf & Company, P.C.

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Leader Updates

The R-Word, Small Biz Optimism, Prez Polls and More

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

  • R-Word Reluctance: We took a look at how some economists are hesitant to opine on a possible recession and shared a related outtake from the economist at our annual meeting who compared/contrasted the Georgia and Colorado economies.

 

  • Small Business Optimism: We took a look at the NFIB’s Small Business Optimism Index. Of note were good trends on access to credit and a pretty solid outlook for capital outlays from businesses, representing loan opportunities. Read details here.

 

  • Polls: We shared some of the latest polls about how the presidential race may shape up next year.

 

  • Text Message Scams: The FTC was out recently with some granular data about fake bank fraud warnings being the most common text-message scam. Here’s a link to the report.

 

  • Risk Trends: Credit risk is moderate, cyber threats remain a major risk and compliance risks rise with new customer service and product expectations, according to the latest OCC semi-annual risk report. Read details here.

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

 

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Two Great BSA Programs

 

Kristen Stogniew

New BSA Peer Group Summer Session Set for July 19 in Macon

Sign up now for our in-person summer session! Join us in Macon at Middle Georgia State University on July 19, from 10 a.m. to 2 p.m., and grow your BSA network. Kristen Stogniew will be back to lead the group discussion and registrants can submit industry hot topics during the registration process to ensure those topics are covered. Get all the details and register here. With questions, contact Aimee Corcoran, 404.420.2035.

 

Registration Now Open!

BSA Summit, Jan. 29 – Feb. 1, Peachtree City

Registration is now open for GBA’s BSA Summit in Peachtree City at the Hilton Conference Center, Jan. 29 - Feb. 1. Facilitated by Kristen Stogniew, Saltmarsh, Cleaveland and Gund, attendees can expect a deep dive into the world of BSA compliance through a variety of sessions. Register here and secure your spot! Contact Aimee Corcoran with questions, 404.420.2035.

 

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Carl Pry

Hot Topic Webinar

Risks (and Rewards) of Artificial Intelligence in Banking - Monday, July 31

There has been a lot in the news lately about the use of artificial intelligence, or AI, in the banking industry. But there is more to it than just AI – financial institutions are increasingly using algorithms and so-called “big data” in their operations. The benefits are obvious – more effective marketing, more efficient underwriting of credit, and just an overall sense of better knowing the customer. However, there are significant risks to using AI and nontraditional data when dealing with customers and prospects. Nationally recognized compliance expert Carl Pry will be discussing these risks (and others) during the Risks (and Rewards) of Artificial Intelligence in Banking webinar on 7/31.

 

Who should attend: This interactive session is appropriate for anyone in the institution involved in the marketing, management, and servicing of retail products. As these technologies are pervasive throughout the product lifecycle, most anyone, Board members included, will benefit from this information.

 

Get details and register here.

 

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Distressed/Underserved Nonmetro Areas Defined

There are 170 Georgia communities on the 2023 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 2023 list, previous years’ lists, and criteria for designating these areas.

 

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Women in Banking Conference Approaching – Is Your Bank or Company Represented?

GBA’s annual Women in Banking Conference is drawing closer! This year’s conference will be Aug. 10-11 at Chateau Elan Winery & Resort in Braselton, GA. The GBA Women in Banking Committee, led by incoming chair Jenn Whitmire, Pinnacle Bank, Elberton, and chair Lori Tucker, United Bank, Zebulon, has planned an excellent educational slate. Click here to see the detailed agenda. We’ve got room for you! Register today to reserve your spot and book your hotel room at beautiful Chateau Elan. Sponsorships are available, too. A big thank you to these Associate Members who are supporting this year’s conference through sponsorship: Platinum Sponsors: BHG Financial and Southern Bank Equipment & ATMs; Golf Sponsor: McNair, McLemore, Middlebrooks & Co., LLC; Silver Sponsors: Abram Armored; Carr, Riggs, Ingram, CPAs ad Advisors; Elliott Davis; FHLBank Atlanta; Mauldin & Jenkins, LLC; Troutman Pepper; and Wipfli LLP. Contact GBA’s Kathy Friestad with questions.

 

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Andy Keusal

Attention Lending Pros

Commercial Lending 201: Analyzing Repayment Sources

Registration is open for the Commercial Lending 201: Analyzing Repayment Sources virtual course coming up Sept. 7. Presented by Andy Keusal, Keusal Learning, this nine-module online course is a “sequel” to the Fundamentals of Commercial Lending 101 course from earlier this year and is best taken after completion of that course, though it is not a prerequisite. The 201 course includes a case study and dives deeper into topics covered in modules 4, 6, and 8 of the 101 course that covered analyzing a borrower’s balance sheet, income statement, collateral and risk ratings. This online course will be held by Zoom on Thursday, Sept. 7 from 9:30 a.m.-5:30 p.m. EDT. The recording will be available to registered participants for one month after the live training.

With questions, contact Alison Moreau, 404.420.2034.

 

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Registration Now Open for these GBA Seminars

 

Opening New Accounts Seminar - Sept. 12, MGSU, Macon

Registration is now open for our annual Opening New Accounts Seminar. With a focus on documentation and compliance, this full-day seminar, 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. Join Suzie Jones of Training Resources Consulting and network with your peers for this fan favorite seminar. Learn more and register here. With questions, contact Aimee Corcoran, 404.420.2035.

 

New Speaker, Fresh Content!

Business Cash Flow Analysis Seminar - Sept. 19, MGSU, Macon

Join Peter Faser of Truist Securities, a faculty member of the Georgia Banking School, for an introduction and practical approach to business cash flow analysis. The highlight of the seminar features new and fresh casework to get the hands-on analysis needed to determine a borrower’s capacity to repay a loan. Learn more and register here. With questions, contact Aimee Corcoran, 404.420.2035.

 

Registration Now Open!

Loan Documentation Seminar - Sept. 20, MGSU, Macon

GBA is excited to welcome Shannon Fortson, EVP, Chief Credit Officer of Pinnacle Bank, as the new speaker for this fan-favorite seminar! Prevention of loan losses is crucial and begins with proper loan structuring and documentation techniques. Commercial loan officers, commercial loan personnel, loan assistants and closing specialists will benefit from this program. Learn more and register here. With questions, contact Aimee Corcoran, 404.420.2035.

 

 

Suzie Jones Peter Faser Shannon Fortson

 

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Registration Open!

Funding, Liquidity, Loan Pricing Strategies on the Agenda for Financial Risk Management Conference

Registration is now open for the GBA Financial Risk Management Conference, Nov 2-3, 2023, at The Westin Buckhead Atlanta. Planned by the GBA’s Asset/Liability Management Committee, the conference sessions will include:

  • Economic Update - Ryan Hayhurst, The Baker Group

  • Panel discussion around Funding Alternatives

  • ALM & Liquidity Panel

  • Examinations Panel Discussion

  • Loan Pricing and Hedging in the Current Environment - Ed Kofman, SouthState Bank

We’d like to thank these GBA Associate Members who are showing their support through Silver sponsorship: CRI - Carr Riggs & Ingram CPAs and Advisors; FHLBank Atlanta; ServisFirst Bank and Wiplfi LLP.

 

Get all the details and register here. With questions, contact Alison Moreau, 404.420.2034.

 

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Roger Tutterow

Registration Open!

Tutterow, Evans, Strischek Set to Speak at Credit Conference

Registration is now open for the GBA Credit Conference, Nov 30 - Dec 1, 2023, at The Westin Buckhead Atlanta. Planned by the GBA’s Credit Committee, the conference sessions will include:

  • Economic Update - Roger Tutterow

  • CRE - Cal Evans, Senior Director, Investor Relations & Market Intelligence, Synovus

  • Roundtable Discussion

  • Regulatory Update - Kevin Hagler, Commissioner, Department of Banking and Finance and Joe Brannen, President and CEO, Georgia Bankers Association

  • Dev Strischek, Principle, Devon Risk Advisory Group, LLC

We’d like to thank these GBA Associate Members who are showing their support through sponsorship: Platinum Sponsor: Steve H. Powell & Company. Silver Sponsors: CRI - Carr Riggs & Ingram CPAs and Advisors; CSRA Business Lending; Mauldin & Jenkins; Point to Point Environmental; Qualtik and Wiplfi LLP.

 

Get all the details and register here. With questions, contact Alison Moreau, 404.420.2034.

 

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GBA Partner S&P Global Provides a Single Platform for Essential Strategic Intelligence

To make confident decisions, you must trust your source. The GBA-endorsed S&P Capital IQ Pro platform is built on the highest-quality corporate, market, and financial information available. Access deeper, more meaningful data on the global financial markets, companies, and industries that impact your bank’s business. The S&P Capital IQ Pro platform provides proprietary research and in-depth analysis from thought leaders and industry experts, and condenses millions of raw data points each year into actionable intelligence. Learn more here, and contact HD Jacobs at HD.Jacobs@spglobal.com with questions about becoming a subscriber.

 

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Trust and Wealth Management Conference Opportunity

GBA members are eligible to participate at member rates to attend the Florida Bankers Association’s 64th Annual Trust and Wealth Management Conference coming up in September. To access this special opportunity, all you need to do is contact FBA’s Sheri Sanderson, at ssanderson@floridabankers.com. She can manually register you at the member rate and either take a CC payment by phone or send an invoice for payment. Full details on the Trust & Wealth event can be found below.

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Compliance Alliance Question of The Week

 

Question: We have a loan request to consolidate multiple student loans secured by a car title. Is consolidation of student loans considered a "private education loan" under Regulation Z that requires student loan disclosures?

 

Answer: Whether this is a private education loan requiring disclosures under Reg Z depends on if it meets the definition of a private education loan. Regulation Z commentary explains that a loan to consolidate pre-existing private education loans is considered a postsecondary education expense and potentially a private education loan requiring Reg Z disclosures. Read more here.

 

Subscribe to Compliance Alliance's email newsletters for more timely compliance updates and resources. Sign up for one of the live Compliance Alliance demos on Tuesday and Thursday afternoons to learn more.

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Registration Open for Anti-phishing Campaign #BanksNeverAskThat

ABA’s award-winning anti-phishing campaign #BanksNeverAskThat will begin its fourth year on Oct. 2, at the start of Cybersecurity Awareness Month. This year, BanksNeverAskThat.com will feature an interactive quiz and Scam City game, which will allow visitors to the site to test their scam-spotting skills. The campaign is also offering many of its toolkit resources in Spanish, along with a Spanish language website. Registration is free for all banks, and registered banks will get access to all campaign materials beginning in August to get ready for the kickoff on Oct. 2. Click here to register. Questions? Email banksneveraskthat@aba.com.

 

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Save the Date for Fall BankPAC Golf Classic – Oct. 18!

Summer’s in full swing but it’s not too early to block an important date on your fall calendar -- the Georgia BankPAC Golf Classic. GBA’s fall fundraiser for the state BankPAC, is the on Wednesday, Oct. 18, at the River Forest Club in Forsyth. Last fall, 100 golfers participated in this fun event, which is hosted by the Leadership GBA Board of Directors.  All proceeds go to the GBA state BankPAC. Share the date with your colleagues, customers, legislators and golfing buddies and make plans to be there!  Registration for the event will open soon, so watch your bulletin and email for an announcement. Sponsorships will be available also. Contact GBA’s Kathy Friestad with questions.

 

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Webinars

Preparing for your IT Examination, Creating Your Teller Training Program 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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Save the Date!

 

 

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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

The bank sponsored a float at the 2023 Watermelon Days Festival Parade in Cordele this past weekend.

 

Cumming - Georgia Primary Bank

Bank team members recently spent the day volunteering at Bald Ridge Lodge, which hosts residential and community-based programs for young men as they transition to adulthood.

 

Dalton - Builtwell Bank

The bank recently celebrated its rebranded storefront at the Junior Achievement Discovery Center in Dalton. At JA Biz Town, sixth grade students are able to interact within a simulated economy and take on the challenge of starting and running a business. JA Finance Park allows seventh and/or eighth grade students the opportunity to manage a household budget and learn about personal finance.

 

Fitzgerald - Colony Bank

The bank recently contributed $195,000 to support the Georgia GOAL Scholarship Program. This donation was directed to nine schools across the state and will provide financial assistance to students seeking higher education. Read more here.

 

Milledgeville - Exchange Bank

The bank recently sponsored the upcoming Baldwin High School Band of the Braves' summer camp.

 

Rome - River City Bank

The bank hosted high school students from Georgia Career and Technical Instruction at its Rome office earlier this month. The students toured the bank and learned about the importance of saving money.

 

Thomaston - United Bank

The bank recently donated to support Upson Regional Medical Center in Thomaston as part of the 2023 Georgia HEART Hospital Program. Featured in the photo are: Jim Edwards, United Bank CEO; Pete Garrett, United Bank President in Thomaston; Jeff Tarrant, Upson Regional Medical Center CEO; John Williams, Upson Regional Medical Center CFO/COO; and Bill Hightower, Upson Regional Medical Center Board Chair.

 

 

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GBA Newsmakers

 

Atlanta - Georgia Banking Company

The bank’s “Bank of Joyce” ad campaign was recently featured in digital publication The Financial Brand. Read the article here.

 

Dublin - Bank of Dudley

Terence David has joined the bank team as head of mortgage lending.

 

Greensboro - BankSouth

Our sympathies to his wife Amy, and children Sam, William and Ruthie, on the tragic drowning of her husband and their father, Tracy Strozier, last week. Tracy served as vice president and team lead for commercial underwriting at the bank and was a rising third-year student at the Georgia Banking School. A friend created a GoFundMe account to help his family and here’s a link to that opportunity should you wish to donate.

 

Griffin - First National Bank of Griffin

Vice President and Head of Retail Chuck Hart retired this week after more than 53 years in banking.

 

Milledgeville - Exchange Bank

The bank recently partnered with the Milledgeville-Baldwin County Chamber of Commerce to host a special Business After Hours event commemorating its 120th anniversary. Read more here.

 

Molena - First Bank of Pike

Whitney Embrey has joined the bank’s deposit operations team in its Molena branch.

 

Sandy Springs - Signature Bank of Georgia

Darrell Fowler has joined the bank as senior vice president and market executive. Darian Holmes has joined the bank as vice president and senior credit analyst. Read more here.

 

Savannah - Small Business Assistance Corporation

Business Closing/Servicing Officer Tyrone Baker retired on June 30. Baker’s role is being filled by Tom Butler, who will serve as the new portfolio and servicing manager.

 

 

Terence David Chuck Hart Whitney Embrey Darrell Fowler

 

Darian Holmes Tyrone Baker Tom Butler

 

 

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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