On Friday, May 8th, Grant Greenwood, Partner, James Bates Brannan Groover LLP, led a brand-new roundtable to support our community bank’s HR professionals. During the program, he provided the following top 5 things for banks to consider when reopening their lobbies:
- There is not a one size fits all approach.
- Your plan should protect your employees and your customers.
- Consider a phase opening approach
- Develop a plan and follow it, but be prepared to adapt if conditions change.
- Follow your internal controls – check out this list to consider.
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Returning to the New Normal – Helping Community Banks Reopen their Doors
ICBA has published a guide with suggestions to help community banks when they begin resuming more normal operations and person-to-person services.
While each community bank will have its own unique circumstances, the guide offers key considerations, such as the emotional state of employees, how to protect personnel, mitigating COVID-19 exposure or outbreak, sanitation, legal liability, and coordinating with regulatory guidelines. Read the guide.
ICBA has published a guide with suggestions to help community banks when they begin resuming more normal operations and person-to-person services.
While each community bank will have its own unique circumstances, the guide offers key considerations, such as the emotional state of employees, how to protect personnel, mitigating COVID-19 exposure or outbreak, sanitation, legal liability, and coordinating with regulatory guidelines. Read the guide.
Hester Scholarship Winners to be Announced Next Week
Despite the pandemic, CBA received nearly 60 applications for the 30th Annual Julian & Jan Hester Memorial Scholarship. Each year CBA awards four $1,000 scholarships to high school seniors entering a Georgia college, university or technical school in the fall. The banks who submitted the winning applications are currently contacting the scholarship recipients and winners will be announced next week. Thank you to all banks who submitted applications.
CBA would like to thank the panel of judges which included Dr. Marguerite Brickman, University of Georgia, Athens; Trudy Eller, American Commerce Bank, Breman; Elyse Kellert, CBIZ Benefits & Insurance Services, Inc., Atlanta; Chantaria Mack, STS Group, Atlanta; and Kyle Ray, First Bank of Dalton
Despite the pandemic, CBA received nearly 60 applications for the 30th Annual Julian & Jan Hester Memorial Scholarship. Each year CBA awards four $1,000 scholarships to high school seniors entering a Georgia college, university or technical school in the fall. The banks who submitted the winning applications are currently contacting the scholarship recipients and winners will be announced next week. Thank you to all banks who submitted applications.
CBA would like to thank the panel of judges which included Dr. Marguerite Brickman, University of Georgia, Athens; Trudy Eller, American Commerce Bank, Breman; Elyse Kellert, CBIZ Benefits & Insurance Services, Inc., Atlanta; Chantaria Mack, STS Group, Atlanta; and Kyle Ray, First Bank of Dalton
Helping CBA Members Order PPE Items
Many CBA members continue to inquire about securing personal protective equipment (PPE) for both staff and customers. CBA Associate Member WebbMason in Atlanta has put together a customized portal to order PPE items exclusively for CBA members. The portal includes various quantities of masks, acrylic dividers, sanitizers, floor decals, signage and more. Product certifications can be provided upon request. Each item listed in the portal specifies the timeline for delivery and items will shipped directly to the bank. Click here for more info. If you have a specific request or need a different quantity, WebbMason can research for you. Be sure to include all contact info as some orders have been submitted without contact info.
Many CBA members continue to inquire about securing personal protective equipment (PPE) for both staff and customers. CBA Associate Member WebbMason in Atlanta has put together a customized portal to order PPE items exclusively for CBA members. The portal includes various quantities of masks, acrylic dividers, sanitizers, floor decals, signage and more. Product certifications can be provided upon request. Each item listed in the portal specifies the timeline for delivery and items will shipped directly to the bank. Click here for more info. If you have a specific request or need a different quantity, WebbMason can research for you. Be sure to include all contact info as some orders have been submitted without contact info.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- The Signature Bank of Georgia family was thrilled to participate in #GivingTuesday by making a donation to the Atlanta Community Food Bank.
- United Community Bank, Blairsville, is proud to have been recognized for having the highest customer satisfaction score in the Southeast by J.D. Power’s 2020 U.S. Retail Banking Satisfaction Study℠, an award they’ve won six out of the past seven years. Read the report.
- Congratulations to Lynn Harton, Chairman and CEO, United Community Bank, Blairsville on the bank’s recognition for having the highest customer satisfaction score in the Southeast by J.D. Power’s 2020 U.S. Retail Banking Satisfaction Study. Read the J.D. Powers release. “We consider ourselves ‘Financial First Responders’ and feel privileged to take care of our customers in this time of significant stress," commented Mr. Harton. Click here to learn more.
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:
Training the Credit Analyst Level II
This course begins with a review of financial statements and proceeds into analyzing the financial statements through detailed credit, ratio and cash flow analysis to determine financial strength. The calculation of the most important credit ratios will be demonstrated and interpreted. From this analysis, basic loan structuring will be covered utilizing Net Working Investment and Financial Impact Analysis as a means of determining the why, when and how much funds are required to support an economic entity. Cash Flow analysis utilizing the Uniform Cash Analysis Method will be taught with the results compared to the methods mostly utilized by bankers including the Traditional and EBITDA Methods.
This course begins with a review of financial statements and proceeds into analyzing the financial statements through detailed credit, ratio and cash flow analysis to determine financial strength. The calculation of the most important credit ratios will be demonstrated and interpreted. From this analysis, basic loan structuring will be covered utilizing Net Working Investment and Financial Impact Analysis as a means of determining the why, when and how much funds are required to support an economic entity. Cash Flow analysis utilizing the Uniform Cash Analysis Method will be taught with the results compared to the methods mostly utilized by bankers including the Traditional and EBITDA Methods.
Don’t miss joining the Branch Leadership Workshop
Join one session at a time or start your 4-class professional development journey.
Join one session at a time or start your 4-class professional development journey.
Announcing our New Innovation Solution Showcase Exclusively for CBA members
Don't miss the first-ever virtual CBA Technology Showcase, sponsored by William Mills Agency, exclusively for CBA members! Join us as 15 of today's best bank technology service providers present their solutions online over three focused sessions, showcasing how their products and services can help your bank succeed. Tracks will include: Find the right tech solution for your bank without leaving the office. Sessions will begin at 10:30 am ET and run for 90 minutes. A full agenda including details on all presenting companies coming soon.
Don't miss the first-ever virtual CBA Technology Showcase, sponsored by William Mills Agency, exclusively for CBA members! Join us as 15 of today's best bank technology service providers present their solutions online over three focused sessions, showcasing how their products and services can help your bank succeed. Tracks will include: Find the right tech solution for your bank without leaving the office. Sessions will begin at 10:30 am ET and run for 90 minutes. A full agenda including details on all presenting companies coming soon.
Webinar: Navigating Uncertainty: Creating a Path Forward
Wednesday, May 20, 2020 | 2:00-3:00 pm ET
When faced with uncertainty, it’s often difficult to devise a path forward. During this session we’ll explore actionable strategies your bank can to take to move forward with certainty, regardless of any environmental or economic challenge that presents itself. Looking at bank data from the 2008 Financial Crisis, we’ll illustrate that financial institutions executing a growth strategy weather the storm significantly better than the banking industry as a whole. Each attendee will receive bank-specific information relevant to their key balance sheet positions and performance metrics. Limited seats available - Register Here.
Wednesday, May 20, 2020 | 2:00-3:00 pm ET
When faced with uncertainty, it’s often difficult to devise a path forward. During this session we’ll explore actionable strategies your bank can to take to move forward with certainty, regardless of any environmental or economic challenge that presents itself. Looking at bank data from the 2008 Financial Crisis, we’ll illustrate that financial institutions executing a growth strategy weather the storm significantly better than the banking industry as a whole. Each attendee will receive bank-specific information relevant to their key balance sheet positions and performance metrics. Limited seats available - Register Here.
Webinar: Navigating the New Credit Cycle, Covid-19 Loans
& Emerging Credit Risk
Tuesday, May 19, 2020 | 2:00 p.m. & Wednesday, May 20, 2020 | 11:00 am ET
Despite economic stimuli and regulatory relief, we can expect the credit degradation prompted by this crisis to be problematic and extensive. Now is the time to adopt aggressive new approaches to discover and monitor portfolio credit quality including loans affected by COVID-19. The webinar will include information about IntelliCredit, a next-generation credit risk management solution that detects emerging credit risk and potential stresses early. Learn more and register.
& Emerging Credit Risk
Tuesday, May 19, 2020 | 2:00 p.m. & Wednesday, May 20, 2020 | 11:00 am ET
Despite economic stimuli and regulatory relief, we can expect the credit degradation prompted by this crisis to be problematic and extensive. Now is the time to adopt aggressive new approaches to discover and monitor portfolio credit quality including loans affected by COVID-19. The webinar will include information about IntelliCredit, a next-generation credit risk management solution that detects emerging credit risk and potential stresses early. Learn more and register.
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ACG has proudly served the interest of Georgia Community Banks for over 30 years. They believe in a “Better Customer Experience” and ensure complete satisfaction. For over 15 years ACG has been an endorsed member of CBA of Georgia.
To learn more, contact Phil Winn at 678-458-9899 or visit their website. |
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Here are some of the latest national news stories relevant to community banking and the financial services industry:
Additional Resources:
- FDIC Issues Proposed Rule to Mitigate the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility
- Interagency Policy Statement on Allowances for Credit Losses
- Cotton Marketing News - Short-Term Rally Fails To Hold
- Interagency Guidance on Credit Risk Review Systems
- Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal
Additional Resources:
CBA Resources
Online Directory
Print Directory
Career Center
FDIC Regulatory Calendar
Salary Survey
Online Directory
Print Directory
Career Center
FDIC Regulatory Calendar
Salary Survey
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