Sept. 1, 2023  

Kim Wilson

Rhodes
McLanahan

McLanahan to Complete Unexpired Chairman Term

GBA Chairman Kim Wilson, president and CEO of OneSouth Bank, has tendered her resignation, and the GBA Board has asked our immediate past chairman Rhodes McLanahan, CEO of First American Bank & Trust Company in Athens, to serve the remainder of that term. “Being GBA Chairman is an honor of a lifetime, and I’m so grateful for the opportunity. With the announcement that our Board of Directors has signed an agreement to sell the bank to Five Star Credit Union, I felt it was appropriate to step down, The GBA Executive Committee and Board of Directors are an incredible group of bankers that the members elected to represent our interests. I thank each of them for their friendship and support. The GBA members can rest assured that each puts our members’ interests first in all that we do.” Wilson said In a statement to the Board and membership. We greatly appreciate her service to the association as she progressed through the leadership chairs the past three years. “Kim is a class act, as anyone who’s ever been around her knows. While her time at the helm was short, she wanted to make sure GBA continues to bring bankers together, fostering the community of banking, and we will do that. We wish the best for her, her family and her bank colleagues,” McLanahan said. The GBA Nominating Committee will meet during the winter to recommend statewide officers to be elected to serve for GBA’s next fiscal year beginning July 1, 2024. Other statewide officers currently serving are Chairman-elect Brad Barber, First National Bank, Bainbridge; Vice Chairman Philip Williams, The Claxton Bank; and Secretary-Treasurer Tim Perry, The Citizens Bank of Georgia, Cumming. With questions, contact Joe Brannen, 404.420.2026.

 

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Tracking Idalia’s Impact on Members

We spent Wednesday monitoring the path of Hurricane Idalia as it moved across South Georgia and began checking in with members first thing Thursday. A number of member banks chose to close for the day as a precaution to keep staff safe, while others that weren’t in the direct path delayed opening until the storm passed. Everyone we checked in with had their business continuity plans activated and ready. We activated our Hurricane Resource website on Tuesday afternoon for members, and we communicated to CEOs in the South group a reminder about key GBA staff contact information. Banks and residents in communities such as Valdosta are managing through widespread power outages, flooding and lots of trees down. We’ll share recovery information and ways to help as it becomes available. And, if you and your bank are pitching in with community storm relief efforts, please send information and photos that we can share to amplify your efforts to serve your fellow Georgians. Contact Joe Brannen, 404.420.2026, David Oliver, 404.520.6311, Bo Brannen, 404.420.2014, or Katina Prokos, 404.420.2021. Other staff contact information is available here.

 

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FHLBank Atlanta 2023 Election of Directors

Federal Home Loan Bank of Atlanta is conducting an election to fill two independent directorships on its board of directors. An email inviting members to cast their ballots was delivered on Monday, Aug. 21. Eligible institutions across the Bank’s footprint will vote to fill the independent directorships. All elected directors will serve four-year terms that begin on Jan. 1, 2024. The FHLBank Atlanta board of directors has nominated the following individuals for the independent directorships:

  • Kim Casiano, Director, Ford Motor Company and Mutual of America, Winter Park, FL

  • John Rucker, Managing Director, Stifel Nicolaus & Company, Montgomery, AL

Every vote counts and it is important your voice is heard. Please be sure to vote for the independent director candidates. An independent director nominee must receive at least 20 percent of the votes eligible to be cast to be elected. The deadline for the Bank to receive completed ballots is 5:00 p.m. EDT, Wednesday, Sept. 20. If you have any questions about the 2023 director election, please contact Courtney Tobin, Senior Counsel and Assistant Corporate Secretary, at 404.888.5343 or ctobin@fhlbatl.com.

 

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Margaret Whieldon

GBA Member Profile

Reflections on Teams and Three Pieces of Useful Advice from Margaret Whieldon

When thinking about what exemplifies her career in banking, Georgia Banking Company SVP/Director of Marketing Margaret Whieldon reflects warmly on the teammates she has worked with during her banking career. “I have been extremely fortunate to have been a part of highly successful teams that have helped our banks and communities grow and thrive.” Instead of one useful piece of career advice, Whieldon shares three: “Build and nurture relationships inside and outside the organization. Be accountable. And if you do not have the answer…find it!” Read more about her as well as her love of classic styles, good manners and lots of family time in the latest GBA Member Profile. Whieldon serves on the GBA Marketing Committee.

 

 

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Leader Updates

A Top City, Home Sales, Farm Bill and CFPB Funding

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

  • Dahlonega #1: It’s always fun to see a Georgia community highlighted as a great place to live or visit. Dahlonega was recently named Best Small Wine Beer + Spirits Town in America.

 

  • Home Sales/Prices: We took a look at the recent stats on home sales nationwide (down 2.2% from June and down 16.6% year-over-year) and how some markets around the state are faring in terms of median sale prices and homes sold.

 

  • Farm Bill: We outlined the three main sections of the Farm Bill that have the most effect on bankers.

 

  • CFPB Funding: Georgia Attorney General Chris Carr has joined 26 of his counterparts asking to participate in oral arguments to the Supreme Court in a case challenging the constitutionality of CFPB’s funding mechanism. We also shared a response from CFPB to the letter we and other state associations sent asking for member banks to get relief from the small business data reporting rules in alignment with what was awarded to Texas banks and ABA members by a recent court injunction. It’s no surprise that CFPB did not agree, but disappointing, nonetheless.

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

 

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Chris Nichols

President/CEO, Bank Accountant, and Bank Counsel Conferences

Chris Nichols to Share 10 Trends for 2024 That Will Change Your Bank’s Strategy

We’re excited to have Chris Nichols, director of capital markets at SouthState Bank, with us later this month at our President/CEO Conference in Savannah. Coming up Sept. 24-26, this conference is held concurrently with the Bank Accountants and Bank Counsel Conferences and will be at the JW Marriott Savannah Plant Riverside District. Nichols will focus on 10 actionable trends already changing banking. More than technology, Nichols will share concepts that all managers and board members should consider when managing their strategic plans. You’ll learn the secret formula that has been successful for every top performing bank, understand the need to create a value proposition that will withstand the test of time, find out why some long-held banking assumptions are no longer valid, see what will make a difference in lending, deposits and fee income and explore five new technologies that your bank will have. You can’t afford to miss this session!

 

Not signed up yet? We’ve added rooms to the block at the JW, so eligible participants are encouraged to register and reserve a room. Click here to see the rest of the agenda and registration and hotel information.

 

A huge thank-you to our event sponsors: American Bankers Association; CRI Carr Riggs & Ingram, CPAs and Advisors; EBS; Elliott Davis; FHLBank Atlanta; Fenimore Kay Harrison LLP; FNBB First National Bankers Bank; James Bates Brannan Groover LLP; Mauldin & Jenkins; McNair, McLemore, Middlebrooks & Co; Nichols Cauley; SentryHealth; Servis 1st Bank, Correspondent Bank Division; Symphona; Troutman Pepper; and Warren Averett, CPAs and Advisors.

 

Contact GBA’s Kathy Friestad with questions, 678.523.6407.

 

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2023 Georgia Banking Compensation Survey Reports are Now Available

In conjunction with Associate Member Pearl Meyer, we are pleased to announce that the 2023 Georgia Banking Compensation Survey reports are now available. The reports allow you to make well-informed business decisions by providing reliable benchmarks based on compensation trends in the banking industry, your bank's asset size, and other market competitors.

 

This year's survey reports represent:

  • 71 Georgia banks; 202 Southeast-based banks

  • Over 5,800 incumbents reporting in Georgia; over 29,000 incumbents in the Southeast

  • 167 positions reported in Georgia

  • 268 positions reported in the Southeast

  • Policies & Practices Report with data on base salary programs and incentive plans

Pricing for the survey reports:

  • $595 – Participants

  • $1,475 – Non-Participants

Pearl Meyer emailed all participants with instructions for purchasing the 2023 survey reports last week. If your organization did not participate and would like to buy the report or if you have not received a purchase email, please get in touch with Pearl Meyer's Rhonda Snyder at rhonda.snyder@pearlmeyer.com.

 

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2023 BankPAC Campaign Progress

The 2023 BankPAC campaign enjoyed a successful week and we hope to continue this pace so that our industry’s voice is heard across federal and state levels of government. You can find the campaign materials on GBA’s website where you can easily download contribution forms for the GBA StatePAC and FedPAC and find a link to make an individual contribution online to the FedPAC. Members of the GBA BankPAC Board will be calling on you very soon to encourage your participation.

 

Many thanks to the banks below that made their contribution to the GBA StatePAC this week:

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

  • Georgia Primary Bank, Atlanta, David Coxon, president & CEO

And, to the directors, officers, and eligible employees of the following banks and companies for contributing to the GBA FedPAC this week:

  • Georgia Primary Bank, Atlanta, David Coxon, president & CEO

  • Great Oaks Bank, Eastman, Mike Odom, president & CEO

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

  • United Bank, Zebulon, Jim Edwards, CEO

With questions, please call GBA’s Elizabeth Chandler at 404.372.7893 or Bo Brannen at 404.731.9886.

 

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Attention Loan Personnel

In-Person Lending Seminars in September

Two GBA lending seminars are coming up soon with new speakers and fresh content. Sign up today for these seminars Sept. 19-20 at Middle Georgia State University in Macon:

  • Business Cash Flow Analysis Seminar - Sept. 19
    Join Peter Faser of Truist, a faculty member of the Georgia Banking School, for an introduction and practical approach to business cash flow analysis. A highlight of the seminar is 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.

 

  • Loan Documentation Seminar - Sept. 20
    Shannon Fortson
    , EVP, Chief Credit Officer of Pinnacle Bank, is the new leader for our Loan Documentation Seminar. He'll cover proper loan structuring and documentation techniques. Connect with peers and walk away with all the best tips and tools. Commercial loan officers, commercial loan personnel, loan assistants and closing specialists will benefit from this program. Learn more and register here.

Peter Faser Shannon Fortson

 

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GBA Associate Member InfoShield

Encryption’s Weakness to Quantum Computing and What Actions Banks Should be Taking Now

The Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), and National Institute of Standards and Technology (NIST) recently released information to help prepare for post-quantum cryptography standards. So, what does that mean? Let’s briefly learn more about traditional and quantum computing so we can delineate between the two. Quickly stated, quantum computing’s ability to make certain types of calculations puts public key encryption, which many banks use, at risk. There will need to be a shift in the type of encryption most commonly used, and that will require a changeout of the methods and standards, technology and algorithms used by modern computers. Our thanks to GBA Associate Member InfoShield for their brief on this topic. Please contact Josh Susen at josh.susen@infoshield.net or 904.310.0897 with questions.

 

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James Moore

Emily Dent

Compliance Conference Oct. 18-20, Jekyll Island

Recent Exam Trends to be Revealed

One of our sessions at the upcoming Compliance Conference will give members a unique peek at lessons learned from recent exams. James Moore of Steve H. Powell & Co. and Emily Dent of Mauldin and Jenkins will share intel on a variety of trends they are seeing as they’ve helped their clients with recent exams. This will be valuable information for those with upcoming exams. Don’t miss this session and the rest of the conference and workshop. Led by led by Chair Tabitha White, First State Bank of Blakley, and Vice Chair Lindsay Holloway, The Four County Bank, GBA’s Compliance Committee invites you to attend our annual Compliance Conference. Get all the details and register here.

 

Thank you to these GBA Associate Members who are showing their support through sponsorship:

  • Platinum Sponsors: American Bankers Association and Steve H. Powell & Company

  • Silver Sponsors: Carr, Riggs, & Ingram, CPAs and Advisors, Compliance Alliance, Mauldin & Jenkins, Ncontracts and Troutman Pepper.

With questions, contact Aimee Corcoran, 404.420.2035.

 

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Save the Date!

 

 

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Go Time for South Georgia Community Bank Symposium Oct. 12

Join GBA and Valdosta State University's Harley Langdale Jr. College of Business Administration for this regional symposium. Experts will address key banking challenges and opportunities to collaborate with the university and its students. It’s a great event for learning and networking for all bankers. Confirmed sessions include:

  • Economic Outlook with Dr. Elvan Aktas, Professor of Finance, Valdosta State University

  • Credit Conditions/Concerns with Stewart Thigpen, CEO, Steve H. Powell & Co.

  • Regional Economic Development Panel

  • Valdosta State University Update and Initiatives of Interest to Bankers

Refreshments and lunch will be provided. Click here to access the event website with everything you need to know.

 

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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: On Reg E error investigations, do we have to provide a customer provisional credit if the investigation is conducted within the first day of the dispute and it is proven that the customer is liable for the purchases?

 

Answer: You must only provide provisional credit if an investigation under Reg E extends beyond 10 days. Read more from the regulation. If the investigation is resolved and findings are issued before that deadline, provisional credit is not required under Reg E.

 

Subscribe to Compliance Alliance's email newsletters for 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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Financial Risk Management Conference - Nov. 2-3

Full Program Details Now Available

The Asset/Liability Management Committee, under the leadership of Chair Haynes Standard, First State Bank, Wrens, and Vice Chair, Holt Redding, South Coast Bank & Trust, Brunswick, is exited to share the detailed agenda for the 2023 Financial Risk Management Conference, Nov. 2-3 at The Westin Buckhead Atlanta. Get all the details and register here.

 

We’d like to thank these Associate Members who are showing their support:

  • Platinum sponsorship: The Baker Group PC

  • Gold sponsorship: Brean Capital LLC

  • Silver sponsorship: Carr Riggs & Ingram CPAs and Advisors; FHLBank Atlanta; ServisFirst Bank and Wiplfi LLP.

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Offered by more than 90 Community Banks Today

GBA Endorses ServisFirst Bank’s Agent Credit Card Program

GBA is proud to recommend the agent credit card program ServisFirst Bank offers. ServisFirst currently issues cards for more than 90 community banks in the country. Through the program, GBA members can issue credit cards to their  commercial and retail customers with their bank’s logo. ServisFirst provides a simple, straightforward program that includes credit card marketing and portfolio management services at no cost to the bank. To get more details about the ServisFirst Bank agent card program, contact ServisFirst’s Tim Finney, tfinney@servisfirstbank.com, 478.952.6497, or Karen Grahn, kgrahn@servisfirstbank.com, 205.949.0330.

 

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Will Bentley

Credit Conference - Nov. 30 - Dec. 1

Agribusiness Update Added to Conference Lineup

The GBA Credit Committee, under the leadership of Michael Tesler, Ameris Bank, and Vice Chair Rebecca Abraham, Signature Bank of Georgia, has been working hard to finalize the agenda for the 2023 Credit Conference at The Westin Buckhead Atlanta. We’ve secured a spot on the program for Will Bentley, president of the Georgia Agribusiness Council, to share an update on Georgia’s #1 industry. That’s in addition to the excellent program planned by the committee. Other sessions are: 

  • How to Evaluate a Borrower’s Ability to Survive Inflation and Recession, Dev Strischek, Devon Risk Advisory Group

  • CRE, Cal Evans, Synovus

  • Liquidity, Dave Koch, Abrigo

  • Industry and Regulatory Update: A Chat with Kevin Hagler, Georgia Dept. of Banking and Finance and Joe Brannen, Georgia Bankers Association

  • Roundtable Discussion, Mike Allen, Three B’s Advisors, LLC

  • Economic Update, Roger Tutterow, Kennesaw State University

We’d like to thank these 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; and Wiplfi LLP.

Get all the details and register here.

 

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National Cholesterol Education Month Resources from GBAIT Wellness Partner

September is National Cholesterol Education Month, so if you’re looking to take control of your heart health, check out these recommendations from the GBA Insurance Trust’s wellbeing partner, SentryHealth. The GBA Insurance Trust provides health insurance and wellness plans for employees and their families at member companies. If you need one-on-one support, members participating in the Trust have access to covered virtual appointments with mental health care professionals and a variety of other health professionals, such as registered dieticians and personal trainers, through SentryHealth. Contact Lee Monroe and Jayn Lawson for information. If you are an employee of a participating member company and are ready to do something good for your health today, schedule an appointment at mysentryhealth.com or on the MySentryHealth app, available on the App Store or Google Play.

 

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BSA Summit, Jan. 29 - Feb. 1, 2024, in Peachtree City

Registration is open for GBA’s BSA Summit in Peachtree City at the Hilton Conference Center, Jan. 29 - Feb. 1. Facilitated by Kristen Stogniew of Saltmarsh, Cleaveland & 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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Save the Date!

 

 

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Webinars

Financial Statement Mapping, The Rapidly Evolving Cyber Threat Landscape, Loan Documentation 101 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:

 

Atlanta - Loyal Trust Bank

The bank recently sponsored the Atlanta Korean Festival.

Calhoun - North Georgia National Bank

The bank’s July beneficiary of its Casual for the Cause dress-down days was the Alzheimer’s Association. They kicked off the month with an internal campaign called “PIE-A-VIP,” which encouraged staff members to pledge money toward one of three of bank VPs (Kimberly Abernathy, Stacey Smith and Zab Mendez) to see which could generate the most funds and get a pie-to-the-face in the name of philanthropy and fun. After the initial goal was surpassed within days of launching the campaign, the bank raised the stakes and modified the campaign to reflect a new goal: Pie the President! With a new prize in mind, the bank included customers in the final weeks of fundraising efforts, and each slice of pie represented a donation from a customer or community partner. The campaign concluded on July 31 with nearly $1,000 raised and a total of five employees taking a pie to the face.

 

Cordele - South Georgia Banking Company

The bank recently provided the Crisp Academy football team with a pregame meal.

 

Gainesville - Peach State Bank & Trust

The bank presented a check for $78,000 to Colonel Stas Preczewski of Riverside Military Academy for the Georgia Goal Program.

 

Loganville - Legacy State Bank

The bank presented a check for $512 to the Walton County Christian Learning Center through its “Casual Change For Charity” program.

 

Moultrie - Colony Bank

The bank has formed a Moultrie Community Advisory Board with the appointment of six local community leaders: Bill Bishop, vice president of information systems at Colquitt Regional Medical Center; Danielle Mobley, owner of The City Southern Coffee; Moultrie Market President Cole Posey; Jon Schwalls, executive officer of Southern Valley; Elizabeth Strickland, partner at Castellow & Strickland LLP; and Gary Swartzentruber, a physician at The Kirk Clinic and Chief of Medicine at Colquitt Regional Medical Center. Read more here.

 

Perry - SunMark Community Bank

Bank team members recently volunteered at the Lindsey Student Support Center sorting through books at their library and restocking the food pantry.

 

 

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GBA Newsmakers

 

Dalton - Builtwell Bank

The bank was named among the winners in the annual Dalton Daily Citizen's Reader's Choice Awards.

 

Elberton - Oconee State Bank

The bank recently welcomed four new team members from the recent merger with Elberton Federal Savings and Loan: SVP Community President Daniel Graves, who also serves as the mayor of the City of Elberton; VP Financial Center Manager Donna Shiflet; Senior Personal Banker Dana Diego; and Essential Banker Lourvon Lewis. Read more here.

 

Fort Valley - SunMark Community Bank

Zachary Randolph has joined the bank’s Fort Valley branch teller team.

 

Griffin - First National Bank of Griffin

Brett Johnston has joined the bank as senior vice president and West Georgia Market Executive. In this new role, Brett will be leading the bank’s business development efforts in Coweta County and surrounding markets.

 

Lawrenceville - Embassy National Bank

Josh McLaurin has joined the bank team as executive vice president and Chief Financial Officer. Read more here.

 

Macon - Colony Bank

The bank recently held a ribbon cutting ceremony for its new 8,000 square-foot banking center at 1412 Bass Road. Read more here.

 

Memphis, TN - First Horizon Bank

Hunter Hill has joined the bank as regional president of the South Central region, which includes Birmingham and Mobile, AL, and Atlanta. Read more here.

 

St. Simons - First Horizon Bank

The bank recently celebrated the grand opening of its new St. Simons Island banking center with a ribbon-cutting ceremony, golf day and treats from local establishments.

 

Swainsboro - Citizens Bank of Swainsboro

Our sympathies to the family, friends and colleagues of chairman of the board W. Denny Key, who died on Aug. 26 following a brief illness.

 

Atlanta/Bradenton/Macon - Mauldin & Jenkins

Six firm employees were recently appointed to partner, effective Sept. 1: Josh Carroll, CPA, Jeff Dorris, CPA, and Nick Rider, Sr., CPA, are all now partners in the firm’s Atlanta practice. David G. Jahosky is now a partner in the firm’s Bradenton practice. Charlotte H. Way, CPA, JD, LLM Taxation, is now a partner in the firm’s Macon practice. Read more here.

 

 

Oconee State Bank Zachary Randolph Brett Johnston Josh McLaurin Colony Bank

 

Hunter Hill Josh Carroll Jeff Dorris Nick Rider David Jahosky Charlotte Way

 

 

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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