Live Virtual Meeting: "CARES Act - Now What?"
TOMORROW: Thursday, April 16, 2020 | 11:00 am - Noon
CBA is hosting a virtual meeting free for CBA members. Hear an update from Governor Brian Kemp, Ashley D. Bell from the Small Business Administration, and Paul Merski from ICBA. Also, participate in a Q&A session with Michael White from James-Bates-Brannan-Groover-LLP. Register here.
TOMORROW: Thursday, April 16, 2020 | 11:00 am - Noon
CBA is hosting a virtual meeting free for CBA members. Hear an update from Governor Brian Kemp, Ashley D. Bell from the Small Business Administration, and Paul Merski from ICBA. Also, participate in a Q&A session with Michael White from James-Bates-Brannan-Groover-LLP. Register here.
SBA Provides Answers on PPP Notes, Forgiveness Period
In the recent updates to the agencies' PPP FAQs, The Treasury Department and Small Business Administration confirmed the following in regards to PPP notes and the forgiveness period:
In the recent updates to the agencies' PPP FAQs, The Treasury Department and Small Business Administration confirmed the following in regards to PPP notes and the forgiveness period:
- Lenders may use their own promissory note or an SBA form of promissory note for PPP loans.
- The lender must make the first disbursement of the loan no later than 10 calendar days from the date of loan approval.
- The eight-week period of borrower payroll costs that determines the amount of forgiveness for PPP loans begins on the date the lender makes the first disbursement of the PPP loan to the borrower.
Be sure to check CBA's all-in-one CARES Act resource page. CBA is providing customizable graphics for your bank to link to our resource page with answers for your customers' questions. Also, check CBA's Disaster & Pandemic Support & Preparedness page for the more updates related to COVID-19. Several of our Preferred Service Providers and Associate Members are offering reduced fees or enhanced services to help our community banks.
Meet CBA's Advocacy Committee Chair: Clark Hungerford
With 11 standing committees, CBA offers member community banks a way to strengthen their association first-hand. The latest issue of Georgia Communities First magazine features CBA’s Advocacy Committee Chair, Clark Hungerford, President & Chief Credit Officer of Vinings Bank, Smyrna. Learn more about Clark, his bank and the Advocacy Committee.
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.
With 11 standing committees, CBA offers member community banks a way to strengthen their association first-hand. The latest issue of Georgia Communities First magazine features CBA’s Advocacy Committee Chair, Clark Hungerford, President & Chief Credit Officer of Vinings Bank, Smyrna. Learn more about Clark, his bank and the Advocacy Committee.
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’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- CBA Chairman Ron Quinn, CEO of Peach State Bank & Trust, Gainesville, was recently quoted in the Atlanta Journal-Constitution. Regarding the difficulties facing small businesses applying for SBA loans, Ron said, "business owners in desperate need of cash shouldn’t wait much longer to apply. We think we can put $50 million of these loans on our books, and we will probably hit that by Friday [April 10th], if not sooner." Read the full article.
- The Claxton Bank recently delivered their first SBA Payment Protection Program check to Ace Hardware & Rental.
- As part of the Georgia HEART Hospital Program, Ameris Bank, Moultrie, has donated $2 million in financial support to 19 rural hospitals. Read more.
- Queensborough National Bank & Trust Co. has been holding QKids Story time every Friday morning to support distance learning. Team members have participated on the bank's Facebook page, including Kanika Cooper, Michelle Hester Piper, Charles Bennett, and Leigh Jordan. In addition, Morrell McCaskill recently joined the morning show on Eagle 94.9 and 106.5 the Boro.
- South Georgia Banking Company recently surprised bank employees with artwork by KT’s Expressions decorating the bank's branches to recognize their unwavering dedication to the communities they serve.
- Team members from United National Bank, Cairo, were recently treated to lunch by local businesses to thank them for their assistance in the Payroll Protection Program.
- Doug Higgins, Metro Atlanta President at United Community Bank was recently featured on Metro Atlanta CEO to talk about how the bank is helping businesses that are being impacted by COVID-19. Watch the interview here. In addition, Melinda Davis Lux, EVP, General Counsel and Corporate Secretary was recently recognized by Nasdaq in Times Square.
- Safe Systems was recently recognized by CRN, a brand of The Channel Company, by being named to its “2020 Managed Service Provider (MSP) 500” list in the “Security 100” category. Read more.
Jim Jones has joined Queensborough National Bank & Trust Co., Augusta, as Senior Vice President and Commercial Lender.
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Dustin Ford has joined Queensborough National Bank & Trust Co., Rincon, as Assistant Vice President and Branch Manager.
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Judd Skinner has joined Queensborough National Bank & Trust Co., Statesboro, as a Commercial Banker.
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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:
It's Not Too Late to Celebrate Community Banking Month
April is Community Banking Month and the CBA 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. 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.
April is Community Banking Month and the CBA 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. 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.
2020 Compliance Program: Virtual Q2 Program & Rescheduled Q1 Program
STREAM: Compliance Program II
Retail Lending, e-Sign & BSA Hot Topics During this session, we will review the key regulations that impact loans and lines of credit typically offered by retail, including HELOCs, LOCs, closed-end personal loans (secured and unsecured), vehicle and boat loans. We will also highlight the requirements of e-SIGN and which disclosures are subject to the rule – and a few that are not. Lastly, we will round out this packed retail day with BSA Hot Topics, particularly issues impacting the front line such as mules, phishing, lending fraud, and more. Select a date to register: |
RESCHEDULED: Compliance Program I
Fair Lending, CRA, ECOA, GMI Collection In this program, we will be discussing Fair Lending considerations from the standpoint of the institution, the customer and the regulatory agencies. In addition, we will review information that can assist in identifying potential Fair Lending concerns. This session will address how we can be proactive in mitigating Fair Lending risk at the institution level and provide guidance on ways to prepare for review and examination by federal regulators. Select a date to register: |
Webinar: How Your Customers Can ‘Get Paid at a Distance’
Wednesday, April 22, 2020 | Noon EST
Your banks’ business & your customers’ operations have changed drastically in the last month. FITECH, a Gold-Level Preferred Service Provider, is introducing Autobooks – designed to help your institution grow deposits, non-interest income and increase digital engagement by making it easy for your small business customers to get paid online and manage their back office directly through your financial institution. Learn more and register.
Wednesday, April 22, 2020 | Noon EST
Your banks’ business & your customers’ operations have changed drastically in the last month. FITECH, a Gold-Level Preferred Service Provider, is introducing Autobooks – designed to help your institution grow deposits, non-interest income and increase digital engagement by making it easy for your small business customers to get paid online and manage their back office directly through your financial institution. Learn more and register.
Webinar: Navigating Employment Issues During the Coronavirus Pandemic
Friday, April 17, 2020 | 1:00–2:15 p.m.
Presented by CBA Associate Member Freeman Mathis & Gary, LLP
In the midst of a global pandemic, employers are navigating a host of new employment laws in addressing employee issues. Whether it is the Emergency Paid Sick Leave Act, Family and Medical Leave Expansion Act, the CARES Act or Georgia’s new “partial claims” unemployment process, employers are struggling to digest all of the new obligations imposed on them. At the same time, long-time existing laws, such as the Fair Labor Standards Act, Americans with Disabilities Act and the Occupational Safety and Health Act, create an additional layer of requirements for employers to take into account in operating their business. Join us for this webinar as Brad Adler with Freeman Mathis & Gary will walk through the most common issues employers are facing and offer practical solutions in responding to those issues. Register here.
Friday, April 17, 2020 | 1:00–2:15 p.m.
Presented by CBA Associate Member Freeman Mathis & Gary, LLP
In the midst of a global pandemic, employers are navigating a host of new employment laws in addressing employee issues. Whether it is the Emergency Paid Sick Leave Act, Family and Medical Leave Expansion Act, the CARES Act or Georgia’s new “partial claims” unemployment process, employers are struggling to digest all of the new obligations imposed on them. At the same time, long-time existing laws, such as the Fair Labor Standards Act, Americans with Disabilities Act and the Occupational Safety and Health Act, create an additional layer of requirements for employers to take into account in operating their business. Join us for this webinar as Brad Adler with Freeman Mathis & Gary will walk through the most common issues employers are facing and offer practical solutions in responding to those issues. Register here.
Atlanta Fed Hosts Webinar Series on Response to the Pandemic
April 16, 2020 | April 20, 2020 | 11:00-11:30 am
Join the Federal Reserve Bank of Atlanta for the first two episodes of a live webinar series to learn more about the Federal Reserve's actions and continued response to the COVID-19 pandemic. On April 16th, Atlanta Fed president and CEO Raphael Bostic will explain the Federal Reserve's recent monetary policy actions and answer some of your questions. On April 20th, Atlanta Fed's executive vice president of supervision, regulation, and credit Mike Johnson will explain the Federal Reserve's posture related to banking supervision, recent actions related to credit flows and liquidity for banks and answer some of your questions. Register for April 16th. Register for April 20th.
April 16, 2020 | April 20, 2020 | 11:00-11:30 am
Join the Federal Reserve Bank of Atlanta for the first two episodes of a live webinar series to learn more about the Federal Reserve's actions and continued response to the COVID-19 pandemic. On April 16th, Atlanta Fed president and CEO Raphael Bostic will explain the Federal Reserve's recent monetary policy actions and answer some of your questions. On April 20th, Atlanta Fed's executive vice president of supervision, regulation, and credit Mike Johnson will explain the Federal Reserve's posture related to banking supervision, recent actions related to credit flows and liquidity for banks and answer some of your questions. Register for April 16th. Register for April 20th.
Marketing ICS® and CDARS to Georgia Public Funds
FREE Webinar for CBA Member Banks
TOMORROW: Thursday, April 16, 2020 | 2:30 pm
Free for CBA member banks, join Promontory Interfinancial Network for this webinar detailing ICS and CDARS® (which offers large-dollar FDIC insurance eligibility for CDs and which government finance officers in Georgia may currently use to place deposits) – the benefits, how they work, and ways to market the services to government finance officers with Promontory’s ready-to-use materials. Learn more and register.
FREE Webinar for CBA Member Banks
TOMORROW: Thursday, April 16, 2020 | 2:30 pm
Free for CBA member banks, join Promontory Interfinancial Network for this webinar detailing ICS and CDARS® (which offers large-dollar FDIC insurance eligibility for CDs and which government finance officers in Georgia may currently use to place deposits) – the benefits, how they work, and ways to market the services to government finance officers with Promontory’s ready-to-use materials. Learn more and register.
Webinar: Balance Sheet Management in the Current Markets
Tuesday, April 21, 2020 | 11:00 am ET
ICBA Securities and its exclusively-endorsed broker, Vining Sparks, will present a webinar on Balance Sheet Management in the Current Markets. During this webinar, experts will discuss effective balance sheet and investment portfolio strategies that can be implemented during these challenging times. Learn more and register.
Tuesday, April 21, 2020 | 11:00 am ET
ICBA Securities and its exclusively-endorsed broker, Vining Sparks, will present a webinar on Balance Sheet Management in the Current Markets. During this webinar, experts will discuss effective balance sheet and investment portfolio strategies that can be implemented during these challenging times. Learn more and register.
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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.
To learn more, contact Dan Brannan at 404-997-6020 or visit www.jamesbatesllp.com. |
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Here are some of the latest national news stories relevant to community banking and the financial services industry:
- Treasury Issues Additional Guidance Regarding the Paycheck Protection Program
- Fed issues FAQs on PPP financing facility
- USDA Issues Rural Development COVID-19 Resources
- USDA Unveils Tool to Help Rural Communities Address the COVID-19 Pandemic
- Wells Fargo Tells Business Clients to Consider Other Banks for Emergency Loans
- CFPB issues rule on stimulus payments for prepaid accounts
- CFPB extending remittance relief due to COVID-19
- Agency webinar for consumers on insured institutions
- Ag institute projects losses due to COVID-19
- Changes to the Regulatory Capital Rule to Accommodate the Paycheck Protection Program
- Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy
- Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility
- ICBA Chair and Vice Chair on Mornings with Maria
- Agencies warn of malicious actors exploiting COVID-19
- Community banks among top ACH institutions
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