Bankers serving on CBA’s Innovation Committee met recently to map out plans for the year. Committee Chair Chris Stanley, Atlantic Capital Bank, Atlanta, led the interactive meeting where bankers shared goals and priorities for their individual banks.
An immediate goal of the committee is to have bankers engaged with various fintech organizations including ATDC, Fintech Atlanta, Technology Association of Georgia (TAG) and Georgia Fintech Academy. Tommy Marshall, Executive Director, Georgia Fintech Academy, presented to the group.
CBA has partnered with the Georgia Fintech Academy to support the evolution of the fintech ecosystem in the state. The Georgia Fintech Academy/University of Georgia is conducting a series of student projects with a large global fintech provider during the Spring semester. Approximately, 20 student teams have been challenged to better understand community banks and then think of transformative digital solutions for community bank clients with a focus on small businesses and Gen-Z. The Georgia Fintech Academy is looking for community bankers willing to meet for up to one hour with student project teams as part of their 'community bank discovery' efforts.
Special thanks to the following banks who have volunteered to partner: The Claxton Bank; Colony Bank, Fitzgerald; Craft Bank, Atlanta; Hyperion Bank, Atlanta; Heritage Southeast Bank, McDonough; and Oconee State Bank, Watkinsville.
"The Georgia Fintech Academy views community banks as a vital part of the fintech ecosystem in Georgia,” explained Mr. Marshall. “The engagement of community bankers in our student fintech projects allows students across the University System of Georgia to also understand the important role of community banks."
Dr. Jonathan Manley Godbey stated, “I am thrilled to have the Community Bankers Association work with my students this semester. We are working with a large fintech company to identify ways for community banks to survive and thrive. Having individual community bankers meet with my student teams is amazing. The CBA is helping make a class project real rather than some artificial case study.”
“We appreciate these banks agreeing to participate in this wonderful program,” commented John McNair, President & CEO of Community Bankers Association. “CBA is excited about the opportunity to help students become more engaged in the community banking industry and stands ready to assist as needed.”
An immediate goal of the committee is to have bankers engaged with various fintech organizations including ATDC, Fintech Atlanta, Technology Association of Georgia (TAG) and Georgia Fintech Academy. Tommy Marshall, Executive Director, Georgia Fintech Academy, presented to the group.
CBA has partnered with the Georgia Fintech Academy to support the evolution of the fintech ecosystem in the state. The Georgia Fintech Academy/University of Georgia is conducting a series of student projects with a large global fintech provider during the Spring semester. Approximately, 20 student teams have been challenged to better understand community banks and then think of transformative digital solutions for community bank clients with a focus on small businesses and Gen-Z. The Georgia Fintech Academy is looking for community bankers willing to meet for up to one hour with student project teams as part of their 'community bank discovery' efforts.
Special thanks to the following banks who have volunteered to partner: The Claxton Bank; Colony Bank, Fitzgerald; Craft Bank, Atlanta; Hyperion Bank, Atlanta; Heritage Southeast Bank, McDonough; and Oconee State Bank, Watkinsville.
"The Georgia Fintech Academy views community banks as a vital part of the fintech ecosystem in Georgia,” explained Mr. Marshall. “The engagement of community bankers in our student fintech projects allows students across the University System of Georgia to also understand the important role of community banks."
Dr. Jonathan Manley Godbey stated, “I am thrilled to have the Community Bankers Association work with my students this semester. We are working with a large fintech company to identify ways for community banks to survive and thrive. Having individual community bankers meet with my student teams is amazing. The CBA is helping make a class project real rather than some artificial case study.”
“We appreciate these banks agreeing to participate in this wonderful program,” commented John McNair, President & CEO of Community Bankers Association. “CBA is excited about the opportunity to help students become more engaged in the community banking industry and stands ready to assist as needed.”
Congratulations Sen. Jon Ossoff & Sen. Raphael Warnock
Congratulations are in order for our newly elected Senators Jon Ossoff (D), Atlanta & Raphael Warnock (D), Atlanta. Both have been appointed to the United States Senate Committee on Banking, Housing and Urban Affairs. CBA looks forward to working closely with both senators for Georgia’s community banking needs.
Congratulations are in order for our newly elected Senators Jon Ossoff (D), Atlanta & Raphael Warnock (D), Atlanta. Both have been appointed to the United States Senate Committee on Banking, Housing and Urban Affairs. CBA looks forward to working closely with both senators for Georgia’s community banking needs.
Senator Jon Ossoff
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Senator Raphael Warnock
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SBA Begins EIDL Repayments
The SBA began remitting reconciliation payments for Paycheck Protection Program loans with a forgiveness payment that was reduced by the amount of an Economic Injury Disaster Loan advance. In the notice, the agency said PPP lenders are not required to request remittance of the reconciliation payment. The SBA will automatically identify affected loans and issue payments through Friday, Feb. 19.
The reconciliation payment will equal the previously deducted EIDL advance amount, plus interest through the remittance date. The payment amount will be displayed on the Payment Dashboard under the Adjustment column.
The SBA also issued an updated Procedural Notice on the process of reporting PPP loans and collecting processing fees. The notice includes the fee structure for first- and second-draw loans and includes information on requesting payment, creating lender portal accounts, reporting on fully disbursed loans, and more.
Additional PPP information and resources are available on the SBA and Treasury sites, ICBA's PPP and EIP News page, the Independent Bankers Association of Texas's matrix of PPP updates in the stimulus law, and ICBA's summary of the stimulus package's community banking provisions.
The SBA began remitting reconciliation payments for Paycheck Protection Program loans with a forgiveness payment that was reduced by the amount of an Economic Injury Disaster Loan advance. In the notice, the agency said PPP lenders are not required to request remittance of the reconciliation payment. The SBA will automatically identify affected loans and issue payments through Friday, Feb. 19.
The reconciliation payment will equal the previously deducted EIDL advance amount, plus interest through the remittance date. The payment amount will be displayed on the Payment Dashboard under the Adjustment column.
The SBA also issued an updated Procedural Notice on the process of reporting PPP loans and collecting processing fees. The notice includes the fee structure for first- and second-draw loans and includes information on requesting payment, creating lender portal accounts, reporting on fully disbursed loans, and more.
Additional PPP information and resources are available on the SBA and Treasury sites, ICBA's PPP and EIP News page, the Independent Bankers Association of Texas's matrix of PPP updates in the stimulus law, and ICBA's summary of the stimulus package's community banking provisions.
CBA PAC Fund: Thank you!
At CBA, we must constantly build and renew relationships with legislators that understand and support community banking.
Thank you to the following banks for their generous contributions to CBA’s PAC Fund:
At CBA, we must constantly build and renew relationships with legislators that understand and support community banking.
Thank you to the following banks for their generous contributions to CBA’s PAC Fund:
- PlantersFirst Bank, Cordele – Mr. Mike Phillips
Free February Marketing Toolkit
#ILoveMyCommunityBank
This February, Community Bankers Association of Georgia is helping community banks share stories of why customers love their local community bank. Take advantage of these graphics to promote the campaign, and be sure to reach out to your bank customers on social media so they can share why they love their hometown bank. Also included are overlays you can use to incorporate your own photos, or your customers' photos. This is a prime opportunity to promote all the benefits you can only get at a community bank. Click here to access everything you need for the campaign.
#ILoveMyCommunityBank
This February, Community Bankers Association of Georgia is helping community banks share stories of why customers love their local community bank. Take advantage of these graphics to promote the campaign, and be sure to reach out to your bank customers on social media so they can share why they love their hometown bank. Also included are overlays you can use to incorporate your own photos, or your customers' photos. This is a prime opportunity to promote all the benefits you can only get at a community bank. Click here to access everything you need for the campaign.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Guardian Bank, Valdosta, recently donated $2,000 to the South Georgia Medical Center Foundation, Inc. to help feed frontline workers during the COVID-19 pandemic.
- South Georgia Banking Company, Tifton is partnering with LifeSouth Community Blood Centers to host a Blood Drive at its Tift County locations as a tribute to late bank team member Sandy Arrington.
- Congratulations to PlantersFirst on their 125th Anniversary. It was 1896, Grover Cleveland was President, William Yates Atkinson was Governor and the first chartered location of Planters First Bank was officially opened in Hawkinsville. Click here to see important happenings in 1896.
Joy Parrish has joined Colony Bank, Valdosta, as Director of Deposit Operations.
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Kelly Kremer has joined the Colony Bank as a Mortgage Loan Originator for the bank’s Albany market.
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Janet Thompson has joined the SunMark Community Bank, Hawkinsville’s mortgage team.
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Cindi Gibson has joined Ameris Bank, Atlanta, as Senior Vice President of Digital and Robotics Technology.
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William B. "Barry" Hurley, Legal Counsel, CEO & CFO, Southeast First National Bank, Summerville, is serving on the AABD Task Force. The American Association of Bank Directors (AABD) was founded in 1989 to represent the information, education and advocacy needs of individual bank and savings institution directors.
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Sympathies:
CBA extends our sincere sympathy to family, friends and former colleagues of Becky Powell, who passed away on February 7, 2021. Ms. Powell retired as Executive Vice President and Chief Operating Officer in 2019 from Community Banking Company of Fitzgerald. Read obituary. Our thoughts and prayers are also with the family, friends and co-workers of Kenneth Mann, who passed away on February 6, 2021. Kenneth was the Market President for BankSouth in Watkinsville. Read obituary. |
Think CBA First for Your Professional Development Needs!
Be sure to think of CBA first when it comes to your training and Professional Development needs. Here are some upcoming CBA events:
Be sure to think of CBA first when it comes to your training and Professional Development needs. Here are some upcoming CBA events:
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CBA Wellness Solutions - Health Insurance - FREE
February 11, 2021 | STREAM
CBA is hosting a complimentary webinar for member banks and partner firms to learn about the benefits of CBA’s Health Insurance solution. CBA has partnered with CS&O Captives and CBIZ to offer a comprehensive health insurance program for its members.
February 11, 2021 | STREAM
CBA is hosting a complimentary webinar for member banks and partner firms to learn about the benefits of CBA’s Health Insurance solution. CBA has partnered with CS&O Captives and CBIZ to offer a comprehensive health insurance program for its members.
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Banker Regulatory Forum
February 24, 2021 | STREAM Interact with our regulators! Receive updates on hot topics and lessons from examinations while getting a chance to ask questions from representatives of the FDIC, OCC, FED and state banking department. Check out our new schedule of events. |
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Executive Channel - A Guide to Success in 2021 Quarter 1
February 26, 2021 | STREAM As we move quickly through the first quarter of 2021, join CBA as we delve into three critical community banking success components for this unprecedented year: 1) Performance that focuses on community. 2) Audit and Regulatory highlights focusing on the 5 pulse points. 3) Team development while navigating through the Pandemic. |
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The mission of the Banking & Financial Institutions Practice Group from James Bates Brannan Groover LLP is to provide affordable consultative solutions to clients in the banking and financial services industry. Their attorneys routinely advise financial institutions on a wide range of complex legal and regulatory issues, as well as industry best practices. The firm’s clients include publicly and privately held community banks, insurance companies, finance companies, investment companies, private equity funds, private investors, check cashing processors, and consulting companies in the financial institutions area.
Contact Dan Brannan at 404-997-6020, by email or visit their website. |
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