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CBA's PAC/PR Funds
Advocacy Update
Preferred Service Providers
Events Calendar
HR & Talent Development League
Conventions
Webinars
Compliance Professional Package
Banker Regulatory Forums
Community Bank Leadership Academy
Check Out Our
Preferred
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Providers!
Mark your calendars and plan to tee it up for Community Banking! CBA is hosting two TopGolf outings this year that you won’t want to miss!
Join us for a one-of-a-kind event that is equal parts networking and golf tournament with a friendly competition! This open-air tournament offers a way to connect and raise money for an important cause – CBA’s PAC Fund. Enjoy food, beverages, prizes and support CBA’s PAC.
Proceeds from these events go to the CBA Political Action Committee (PAC) and Public Relations (PR) funds. Since CBA maintains the only state PAC working exclusively for Georgia’s community banks, the funds provide Georgia’s community banking industry a voice in state politics.
Registration includes 3 hours of golf, food, unlimited non-alcoholic drinks and an afternoon of fun! Click here to register!
Join us for a one-of-a-kind event that is equal parts networking and golf tournament with a friendly competition! This open-air tournament offers a way to connect and raise money for an important cause – CBA’s PAC Fund. Enjoy food, beverages, prizes and support CBA’s PAC.
Proceeds from these events go to the CBA Political Action Committee (PAC) and Public Relations (PR) funds. Since CBA maintains the only state PAC working exclusively for Georgia’s community banks, the funds provide Georgia’s community banking industry a voice in state politics.
Registration includes 3 hours of golf, food, unlimited non-alcoholic drinks and an afternoon of fun! Click here to register!
Georgia Senators and CBA Urge OMB to Study MSA Definition
CBA would like to extend our appreciation to Senators Jon Ossoff (D), Atlanta and Raphael Warnock (D), Atlanta for signing this letter to the Office of Management and Budget (OMB). In the letter, numerous senators expressed their concern regarding the Metropolitan and Micropolitan Statistical Area Standards Review Committee’s proposed changes to the 2010 standards for determining metropolitan and micropolitan statistical areas and urged to reconsider the Committee’s recommendation.
In addition, a separate group of senators also asked the Office of Management and Budget to end its consideration of a proposal to update its standards on metropolitan and micropolitan statistical areas.
Last week, John McNair, CBA President & CEO, expressed his concern in a release to members.
CBA would like to extend our appreciation to Senators Jon Ossoff (D), Atlanta and Raphael Warnock (D), Atlanta for signing this letter to the Office of Management and Budget (OMB). In the letter, numerous senators expressed their concern regarding the Metropolitan and Micropolitan Statistical Area Standards Review Committee’s proposed changes to the 2010 standards for determining metropolitan and micropolitan statistical areas and urged to reconsider the Committee’s recommendation.
In addition, a separate group of senators also asked the Office of Management and Budget to end its consideration of a proposal to update its standards on metropolitan and micropolitan statistical areas.
Last week, John McNair, CBA President & CEO, expressed his concern in a release to members.
Senator Jon Ossoff
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Senator Raphael Warnock
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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:
- Bank of Camilla – Mr. Michael McGahee
- Durden Banking Company, Twin City – Mr. G.W. Johnson
CBA Preferred Service Provider Spotlight:
Lisa Small, Warren Averett
In the recent issue of Georgia Communities First, CBA was pleased to feature Lisa Small, a Principal at Warren Averett CPAs & Advisors in Atlanta. CBA invited Lisa to participate in a Q & A so you can learn a little more about this former banker, culture at Warren Averett, and her love for Nancy Drew novels! Click here for entire article.
Lisa Small, Warren Averett
In the recent issue of Georgia Communities First, CBA was pleased to feature Lisa Small, a Principal at Warren Averett CPAs & Advisors in Atlanta. CBA invited Lisa to participate in a Q & A so you can learn a little more about this former banker, culture at Warren Averett, and her love for Nancy Drew novels! Click here for entire article.
2021 Julian & Jan Hester Scholarship Applications Due April 9th!
Community Bankers Association of Georgia (CBA) is pleased to help your bank promote the 2021 Julian & Jan Hester Memorial Scholarship. This is an excellent opportunity for Georgia's community banks to increase their presence throughout their communities. The Hester Scholarship is open to Georgia high school seniors who will be entering a Georgia college, university or technical school (two-year program or more) in the fall semester of 2021.
How to spread the word!
Applications should be received by the bank no later than Friday, April 2, 2021. Banks should submit all completed applications to CBA no later than Friday, April 9, 2021. For more information click here.
Community Bankers Association of Georgia (CBA) is pleased to help your bank promote the 2021 Julian & Jan Hester Memorial Scholarship. This is an excellent opportunity for Georgia's community banks to increase their presence throughout their communities. The Hester Scholarship is open to Georgia high school seniors who will be entering a Georgia college, university or technical school (two-year program or more) in the fall semester of 2021.
How to spread the word!
- Share information on the scholarship with your customers and staff
- Encourage your co-workers to share with customers, friends & family
- Contact guidance counselors at your local high schools
- Post a link to the scholarship application on your bank's website
- Promote on social media
Applications should be received by the bank no later than Friday, April 2, 2021. Banks should submit all completed applications to CBA no later than Friday, April 9, 2021. For more information click here.
The Lowdown on BOLI
Over the past two decades, banks have increasingly dabbled in BOLI, or bank-owned life insurance. While there are downsides to consider, experts say the benefits of these policies are two-fold: to generate income in the long term and to retain bank leaders.
Two-thirds of banks in the U.S. hold BOLI assets, according to the NFP-Michael White BOLI Holdings Report for Q3 2020. The cash surrender value of those policies totals $182.2 billion. Banks with less than $10 billion in assets have, on average, approximately 14% of capital in BOLI.
BOLI has become one of the most common methods of financing the cost of employee and director benefits, including nonqualified benefit plans. It gained considerable traction in 2004 when the Office of the Comptroller of the Currency (OCC) released Bulletin 2004-56: The Interagency Statement on the Purchase and Risk Management of Life Insurance. Read entire article.
This article written by Beth Mattson-Teig, appeared in the March issue of Independent Banker magazine.
Over the past two decades, banks have increasingly dabbled in BOLI, or bank-owned life insurance. While there are downsides to consider, experts say the benefits of these policies are two-fold: to generate income in the long term and to retain bank leaders.
Two-thirds of banks in the U.S. hold BOLI assets, according to the NFP-Michael White BOLI Holdings Report for Q3 2020. The cash surrender value of those policies totals $182.2 billion. Banks with less than $10 billion in assets have, on average, approximately 14% of capital in BOLI.
BOLI has become one of the most common methods of financing the cost of employee and director benefits, including nonqualified benefit plans. It gained considerable traction in 2004 when the Office of the Comptroller of the Currency (OCC) released Bulletin 2004-56: The Interagency Statement on the Purchase and Risk Management of Life Insurance. Read entire article.
This article written by Beth Mattson-Teig, appeared in the March issue of Independent Banker magazine.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Planters First Bank, Hawkinsville, is participating in March's National Reading Month! Hawkinsville Banking Team members Tim Wynne, Bobbie Clemons, Lina Jones, and Melanie Bush have all taken part in readings of children's books. Coordinator Maggie Bloodworth leads this Virtual Reading Event coordinated by the Pulaski County Family Connection. Each book reading video will be part of a video library for the Pulaski County Head Start, Pre-K, and Elementary School children.
- Exchange Bank, Milledgeville, recently made a $50,000 donation to Atrium Health Navicent Hospital through the Georgia HEART program. The Georgia HEART program helps hospitals enhance access to rural healthcare. This is done through tax credits that redirect income taxes from donors to qualifying rural hospitals. We are so proud of the incredible work Atrium Health Navicent provides to Baldwin County and are excited to have the opportunity to redirect our income tax dollars to help them continue the wonderful work that they do.
- Congratulations to Peach State Bank & Trust pictured here at the ribbon cutting ceremony of the bank’s new Loan Office in Braselton.
- Jessica Roberts, Vice President, Mortgage Lending at Oconee State Bank, Watkinsville, was the recipient of the 2020 Oconee Chamber Champion of the Year Award.
Quincy Robinson has joined Capital City Home Loans, Gwinnett, as a Mortgage Consultant.
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Tim Lyons, Partner, Mauldin & Jenkins, has been appointed as a member of the AICPA’s State and Local Government Expert Panel, beginning May 2021.
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First Port City Bank and Port City Bank Holdings, Inc., Bainbridge, announce the recent appointment of Robert M. Cohen III and Brad Thompson to its Board of Directors.
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The Board of Directors of Community Bank of Pickens County, Jasper, announces the addition of Lorrie Shaw to the Board of Directors.
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Melissa Strother has joined Flint Community Bank as Marketing Coordinator.
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Donna McRannolds has joined First Port City Bank, Bainbridge, as a Loan Processor.
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Jane McMillen has been named Mortgage Loan Originator for Colony Bank’s Thomasville market.
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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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BSA Fundamental Bootcamp
March 30 - April 1 | In-Person or STREAM | Marietta
The Role of FinCEN • BSA 101 • The Tools of BSA • Money Laundering Methods in Today’s Environment • Review of the BSA Building Blocks and 5 Pillars • CIP, CDD, and EDD • Bank Secrecy Act: Legal Update & Enforcement Trends • BSA Compliance Management Program • Risk Assessments and Risk Rating of Customers • BSA Reporting and Record Keeping • and much more! Register here.
March 30 - April 1 | In-Person or STREAM | Marietta
The Role of FinCEN • BSA 101 • The Tools of BSA • Money Laundering Methods in Today’s Environment • Review of the BSA Building Blocks and 5 Pillars • CIP, CDD, and EDD • Bank Secrecy Act: Legal Update & Enforcement Trends • BSA Compliance Management Program • Risk Assessments and Risk Rating of Customers • BSA Reporting and Record Keeping • and much more! Register here.
Avoid Loan Loss
April 14 - 16 | In-Person or STREAM
The Lending Process has many components. Loan Documentation is essential to avoid loan losses due to non-credit related factors.
The purpose of this session is to provide participants with an understanding of the core loan documentation for Consumer Loans. Participants will be exposed to the five steps in the loan documentation process and the documents required to accomplish each step in the process. Register here.
April 14 - 16 | In-Person or STREAM
The Lending Process has many components. Loan Documentation is essential to avoid loan losses due to non-credit related factors.
The purpose of this session is to provide participants with an understanding of the core loan documentation for Consumer Loans. Participants will be exposed to the five steps in the loan documentation process and the documents required to accomplish each step in the process. Register here.
Webinar: Possibilities of Big and Alternative Data
in Finance and Banking
Presented by the FDIC & Santa Clara University’s Leavey School of Business
April 15, 2021 | 3:00 - 4:30 p.m. ET
Research and analysis on the application of methodologies, tools, and techniques to derive information, trends, and patterns from large data sets. Register here.
in Finance and Banking
Presented by the FDIC & Santa Clara University’s Leavey School of Business
April 15, 2021 | 3:00 - 4:30 p.m. ET
Research and analysis on the application of methodologies, tools, and techniques to derive information, trends, and patterns from large data sets. Register here.
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BFS Group is a national leader in providing BOLI products, services, administration, and consulting. With over 525 community bank clients and 12 Regional offices throughout the country, BFS Group supports the management of all BOLI portfolios with the primary goal of providing unparalleled customer support, increasing the bank's bottom line earnings and enhancing shareholder value. BFS Group also delivers unmatched expertise in the design, implementation, and servicing of executive & director Non-Qualified Benefit plans to reward, retain and attract key individuals.
Contact John Gianacaci at 609-915-9168, by email or visit their website. |
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Here are some of the latest news stories relevant to community banking and the financial services industry:
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