President Trump recently signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act to aid in the coronavirus pandemic and associated economic fallout. CBA is providing many resources for you to understand how this bill affects your bank and small business customers:
CBA's Resource Page with Custom Graphics for Your Bank
CBA is now providing an all-in-one resource page for the CARES Act, which includes updated information for community banks and small business owners. CBA is also providing customizable graphics for your bank to link to our resource page with answers for your customers' questions. These graphics can be posted on your social media channels, including Facebook, Twitter, LinkedIn, or your bank's website.
CBA is now providing an all-in-one resource page for the CARES Act, which includes updated information for community banks and small business owners. CBA is also providing customizable graphics for your bank to link to our resource page with answers for your customers' questions. These graphics can be posted on your social media channels, including Facebook, Twitter, LinkedIn, or your bank's website.
Live Interactive Virtual Q&A Session and General Update
CBA will be hosting a free virtual program that will give a general update with James Bates Brannan Groover LLP and the Small Business Administration to discuss the impacts of the CARES Act and answer questions with CBA Members. Be on the lookout for a Special Alert from CBA later today with the details for this educational opportunity, scheduled for tomorrow, Thursday, April 2nd at 11 am.
CBA will be hosting a free virtual program that will give a general update with James Bates Brannan Groover LLP and the Small Business Administration to discuss the impacts of the CARES Act and answer questions with CBA Members. Be on the lookout for a Special Alert from CBA later today with the details for this educational opportunity, scheduled for tomorrow, Thursday, April 2nd at 11 am.
Updated Information from the Treasury
The U.S. Treasury has issued updated information regarding the Paycheck Protection Program. They offer a top-line overview of the program, information for lenders, information for borrowers, and the application for borrowers.
The U.S. Treasury has issued updated information regarding the Paycheck Protection Program. They offer a top-line overview of the program, information for lenders, information for borrowers, and the application for borrowers.
Register Now for CARES Act Webinar
CBA's Webinar network is also hosting an informative webinar on the implications of the CARES Act. Join industry experts and learn more ways this bill will impact your bank. Register here.
CBA's Webinar network is also hosting an informative webinar on the implications of the CARES Act. Join industry experts and learn more ways this bill will impact your bank. Register here.
CBA is committed to supporting your bank and your community during this challenging time. Be sure to check our CARES Act page regularly for updated news and resources. Also, check CBA's Disaster & Pandemic Support & Preparedness page for the more updates, news, and resources related to COVID-19.
Gov. Kemp Issues Two Executive Orders for Remote Notarization & Third Party Plan Reviews and Inspections
Governor Kemp has issued an Executive Order allowing for the remote witnessing and notarization of real estate documents. CBA is one of many organization who urged the Governor to sign the order to benefit communities across the state.
This order, coupled with an order of the Georgia Supreme Court of last week, will now allow for real estate closings to occur by video conference during the current state of emergency. Please continue to consult with your closing attorneys as to the specific requirements and capabilities that they may have in this regard as well as additional guidance that they will no doubt be receiving from their respective title insurance companies.
In addition, Gov. Kemp issued an Executive Order regarding third party plan reviews and inspections. This update allows for previously exempted projects to utilize third party plan reviews and inspections for a time period concurrent with the Governor’s State of Emergency. These newly eligible projects are: hospitals, ambulatory health care centers, nursing homes, jails, penal institutions, airports, buildings or structures that impact national or state homeland security, or any building defined as a high-rise building in the IBC.
Governor Kemp has issued an Executive Order allowing for the remote witnessing and notarization of real estate documents. CBA is one of many organization who urged the Governor to sign the order to benefit communities across the state.
This order, coupled with an order of the Georgia Supreme Court of last week, will now allow for real estate closings to occur by video conference during the current state of emergency. Please continue to consult with your closing attorneys as to the specific requirements and capabilities that they may have in this regard as well as additional guidance that they will no doubt be receiving from their respective title insurance companies.
In addition, Gov. Kemp issued an Executive Order regarding third party plan reviews and inspections. This update allows for previously exempted projects to utilize third party plan reviews and inspections for a time period concurrent with the Governor’s State of Emergency. These newly eligible projects are: hospitals, ambulatory health care centers, nursing homes, jails, penal institutions, airports, buildings or structures that impact national or state homeland security, or any building defined as a high-rise building in the IBC.
Free or Reduced Pricing, Enhanced Services and More
How CBA Preferred Service Providers and Associate Members are Helping During COVID-19
CBA vendor partners stand ready to help your bank during the challenging COVID-19 crisis. Several Preferred Service Providers (PSPs) and Associate Members have shared special offers for CBA member banks during this time. In addition to free services, reduced or waived fees, and extended hours, many providers have included sample policies, advertisements, and training videos. Thank you to these partners for their generosity and willingness to assist. Click here to check it out.
How CBA Preferred Service Providers and Associate Members are Helping During COVID-19
CBA vendor partners stand ready to help your bank during the challenging COVID-19 crisis. Several Preferred Service Providers (PSPs) and Associate Members have shared special offers for CBA member banks during this time. In addition to free services, reduced or waived fees, and extended hours, many providers have included sample policies, advertisements, and training videos. Thank you to these partners for their generosity and willingness to assist. Click here to check it out.
Deadlines Extended for CBA Scholarships
All Completed Applications are Due to CBA by Friday, April 24th
Due to the difficulties facing our communities, CBA is extending the scholarship deadlines for both the Hester Memorial Scholarship and the Walraven Memorial Scholarship. For the Hester Scholarship, the new deadline for students to submit their application packet to their sponsored bank by Friday, April 17, 2020, and the deadline for banks to submit completed applications to CBA is Friday, April 24, 2020. The deadline to submit applications for the Walraven Scholarship is also Friday, April 24, 2020.
Only complete applications will be eligible. Winners will be announced in mid May 2020. Learn more about the Hester and Waraven Scholarships. Contact Jeremy Thomens for more information.
All Completed Applications are Due to CBA by Friday, April 24th
Due to the difficulties facing our communities, CBA is extending the scholarship deadlines for both the Hester Memorial Scholarship and the Walraven Memorial Scholarship. For the Hester Scholarship, the new deadline for students to submit their application packet to their sponsored bank by Friday, April 17, 2020, and the deadline for banks to submit completed applications to CBA is Friday, April 24, 2020. The deadline to submit applications for the Walraven Scholarship is also Friday, April 24, 2020.
Only complete applications will be eligible. Winners will be announced in mid May 2020. Learn more about the Hester and Waraven Scholarships. Contact Jeremy Thomens for more information.
Tips From the 1800 Club: Featured in Georgia Communities First
Georgia is fortunate to have ten banks who opened in the 1800’s. For CBA's latest issue of Georgia Communities First magazine, we wanted to know a little history about these banks and the secret to the banks' staying power. In the article "Tips from the 1800 Club," learn tips from this elite group, what advice they give to Georgia’s new banks, and what’s next for these banks. We spoke with Charles Haney, Bank of Madison; Henry Persons, The Peoples Bank of Georgia, Talbotton; Steve Bridges, Planters First Bank, Cordele; Richy Everly, Bank of Wrightsville; Derek Williams, Century Bank & Trust, Milledgeville; John Barker, First Bank of Pike, Molena; and Kenneth Bibb, The Geo. D. Warthen Bank, Sandersville.
Read the full article in CBA's latest issue of Georgia Communities First magazine, now exclusively digital and issued bi-monthly. Check out the March/April 2020 issue.
Georgia is fortunate to have ten banks who opened in the 1800’s. For CBA's latest issue of Georgia Communities First magazine, we wanted to know a little history about these banks and the secret to the banks' staying power. In the article "Tips from the 1800 Club," learn tips from this elite group, what advice they give to Georgia’s new banks, and what’s next for these banks. We spoke with Charles Haney, Bank of Madison; Henry Persons, The Peoples Bank of Georgia, Talbotton; Steve Bridges, Planters First Bank, Cordele; Richy Everly, Bank of Wrightsville; Derek Williams, Century Bank & Trust, Milledgeville; John Barker, First Bank of Pike, Molena; and Kenneth Bibb, The Geo. D. Warthen Bank, Sandersville.
Read the full article in CBA's latest issue of Georgia Communities First magazine, now exclusively digital and issued bi-monthly. Check out the March/April 2020 issue.
April is Community Banking Month!
Let CBA Help Your Bank Celebrate!
April is Community Banking Month and the Community Bankers Association of Georgia and community banks across Georgia are recognizing the unique spirit that makes community banks the foundation of their communities in cities and towns throughout the state.
Make your plans now on how you will show appreciation to your customers and demonstrate the importance of community banking. Take advantage of FREE resources from CBA, including press releases, website banner ads, ideas to celebrate, and much more! For more information, contact Jeremy Thomens at CBA at (770) 541-0380. Access the Community Banking Month resources.
Let CBA Help Your Bank Celebrate!
April is Community Banking Month and the Community Bankers Association of Georgia and community banks across Georgia are recognizing the unique spirit that makes community banks the foundation of their communities in cities and towns throughout the state.
Make your plans now on how you will show appreciation to your customers and demonstrate the importance of community banking. Take advantage of FREE resources from CBA, including press releases, website banner ads, ideas to celebrate, and much more! For more information, contact Jeremy Thomens at CBA at (770) 541-0380. Access the Community Banking Month resources.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Greater Community Bank, Rome, has been active in aiding the community during the coronavirus pandemic. Melinda Ryan and Carolyn McFry have been crafting hand-sewn facemasks to donate to local medical professionals. The bank is also accepting donations of elastic through the drive-through at both branches in Rome. In Calhoun, the bank is providing each drive-through customer with a roll of toilet paper.
In addition, the bank is collecting donations for families in need through the Voluntary Action Center (V.A.C.) and will match up to $1,000 of all contributions received. Lastly, VP Kristy Brown and SVP Matt Robbins serve on the Calhoun-Gordon Community Foundation Board of Directors, with Kristy serving as Chair. Under the Board’s leadership, the Calhoun-Gordon Community Foundation has launched the COVID-19 Response Fund. Read more and learn how to contribute. - Hoyal Presley, Executive Vice President, Mountain Valley Community Bank (a Division of The Piedmont Bank), Cleveland, recently retired after 50 years of banking.
- Dan Speight, CEO, Planters First Bancorp, recently shared his insight regarding the CARES Act and the Paycheck Protection Act on The Bill Shanks Radio Show. Listen to the interview.
Sympathies
CBA extends our sympathies to the family, friends and colleagues of Arnold Tenenbaum, First Chatham Bank, Savannah, who recently passed away. Arnold was a founding bank organizer, Director and former Chairman of the bank’s holding company, FCB Financial Corp. Read more.
CBA extends our sympathies to the family, friends and colleagues of Arnold Tenenbaum, First Chatham Bank, Savannah, who recently passed away. Arnold was a founding bank organizer, Director and former Chairman of the bank’s holding company, FCB Financial Corp. Read more.
Gary Johnson has been named Executive Vice-President and Chief Lending Officer for The Citizens Bank of Swainsboro and their subsidiary banks, Bulloch First and Citizens Bank of Laurens County.
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Christopher Dubey has joined Cadence Bank, Atlanta, as Executive Vice President and Director of Bank Operations.
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Lisa Shuman has joined Colony Bank, Savannah, as Vice President/Homebuilder Finance Loan Officer.
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Michael Phillips, EVP and Chief Strategy Officer, Planters First Bank, Perry, has been named to the Financial Accounting Standards Board Small Business Advisory Committee.
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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:
FREE Webinar: 2nd Quarter Economic Outlook
Tuesday, April 7, 2020 | 11:00 am ET
This webinar, hosted by Vinings Sparks (Partner of Preferred Service Provider ICBA Securtities) will cover the current state of the pandemic and the expected impact on economic activity and rates. Learn more and register.
Tuesday, April 7, 2020 | 11:00 am ET
This webinar, hosted by Vinings Sparks (Partner of Preferred Service Provider ICBA Securtities) will cover the current state of the pandemic and the expected impact on economic activity and rates. Learn more and register.
Bank Insurance and the Coronavirus
The insurance industry is just as confused as the rest of us as to how to respond to this crisis. Insurance periodicals and websites have been dealing with such questions as: Can a virus (communicable disease) be the direct cause of physical damage to property or bodily injury to others? Are the medical expenses caused by a disease covered by Workers Compensation or just Health insurance? Will the increases in cash kept at bank branch offices and ATMs be covered by the Financial Institution Bond? Learn how these questions pertain to your bank. Read the full article. Guest article from Bronze-Level Preferred Service Provider Bahr Consultants, Inc.
The insurance industry is just as confused as the rest of us as to how to respond to this crisis. Insurance periodicals and websites have been dealing with such questions as: Can a virus (communicable disease) be the direct cause of physical damage to property or bodily injury to others? Are the medical expenses caused by a disease covered by Workers Compensation or just Health insurance? Will the increases in cash kept at bank branch offices and ATMs be covered by the Financial Institution Bond? Learn how these questions pertain to your bank. Read the full article. Guest article from Bronze-Level Preferred Service Provider Bahr Consultants, Inc.
Take Advantage of CBA's Legal Hotline
In these challenging times, be sure to utilize CBA's complimentary Legal Hotline, offered by James Bates Brannan Groover LLP, a Diamond-Level Preferred Service Provider. Simply complete the online form or give them a call. The hotline is free for all CBA member banks. Access the Legal Hotline.
In these challenging times, be sure to utilize CBA's complimentary Legal Hotline, offered by James Bates Brannan Groover LLP, a Diamond-Level Preferred Service Provider. Simply complete the online form or give them a call. The hotline is free for all CBA member banks. Access the Legal Hotline.
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Warren Averett has grown substantially over the last few years to become one of the largest accounting firms in the Southeastern region, ranking among the top 30 firms in the United States. With more than 800 employees and 340 CPAs across 15 offices, Warren Averett offers depth and experience in financial services, with services that span beyond audit and tax to include wealth management, staffing and recruiting, technology consulting, financial outsourcing, retirement plan administration and investments. We go beyond the typical audit, accounting and tax return functions to find unique ways to improve your overall operational efficiencies.
To learn more, contact Lisa Berry at 205-769-3388 or visit www.warrenaverett.com. |
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Here are some of the latest national news stories relevant to community banking and the financial services industry:
- Agencies Announce Two Actions to Support Lending to Households and Businesses
- Agencies adjust credit concentration calculations
- CISA expands guidance on essential workforce
- Agencies announce optional CECL delay
- More Labor Dept. guidance on new leave law
- Agencies encourage responsible small-dollar loans
- Crisis Leadership 101 - Guest article from CBA Associate Member Kaplan Partners
- Identification of Essential Critical Infrastructure Workers During the COVID-19 Response Efforts
- FDIC offers relief on Part 363 reports
- Agencies extend call report filing deadline
- USDA offers temporary exceptions for housing program
- USDA Rural Development launches COVID-19 page
- FDIC updates steps to protect banks, consumers
- CFPB announces data collection, reporting flexibility
- OCC issues COVID-19 FAQs for banks, customers
- CFPB releases consumer coronavirus resources
- FinCEN updates AML/CFT jurisdiction lists
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